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Medicine Hat News in Medicine Hat, Alberta

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Medicine Hat News

Location

Medicine Hat, Alberta, Canada

Date

Mar 29, 1950

Page

1

Survivor recalls fast burning air crash near Ottawa

Master Sergeant Gwyn Long described a United States Air Force Dakota crash near Ottawa in which six aboard died, including Ambassador Laurence Steinhardt. He said flames raced through the right wing, the pilot Trueblood kept control as others prepared to bail, but there was no time for most to jump.

Ottawa United States Air Force Gwyn Long U.S Laurence Steinhardt Here Wayne, Trueblood Long Rockcliffe Col. Trueblood Col Trueblood Tom Archibald

Canada Debt Declines From Wartime Peak to 11.7 Billion

Ottawa reports net debt fell to 11.665 billion from 13.421 billion after four postwar surplus years. Finance Minister Abbott says the federal role is to foster growth, plan expenditures, support key industries, and cooperate with provinces.

Ottawa Canada Abbott

Budget Forecast Dominates Ottawa Budget Standstill

Ottawa reports a stand fast budget by Finance Minister Abbott with few tax changes. Ice cream 8 per cent sales tax removed and toilet soap duties cut linger from wartime measures. Abbott projects 1950 GNP 1-2% higher and a March 31 year end surplus of 111 million dollars, reducing the national debt.

Ottawa Fin*ance Abbott Canada

Melon Last Year Lemon This Year

Ottawa quotes the contrast between last year's budget and the current one as described by J. Me MacDonnell of PCC Greenwood. He notes the shift from tax reductions to different fiscal tones and quips about melon and lemon metaphors during the finance speech.

Ottawa Me MacDonnell PCC -Greenwood Douglas Abbott MacDonnell Breaker Igh Dee Mr. MacDonnell

The Cockney May Become A Character of the Past

London observers note Cockney culture fading as flower women of Piccadilly vanish and Bow Bells fall silent. BBC English and Hollywood influence shift speech and traditions. some see the Cockney as changing, others as adapting to new London life. London historian George Edinger quotes core Cockney traits and resilience amid urban change.

London Piccadilly Cheapside BBC English Hollywood Sam Weller Pickwick Papers George Edinger

Budget Highlights and Tax Changes Ahead of 1950-51

The budget outlines tax shifts across personal income, tobacco, liquor, cosmetics, and tariffs with immediate sales tax reductions on ice cream dairy drinks and whipped cream and July 1 1950 cut on purchases by aged and orphan institutions. It maintains no capital gains tax and expands depreciation options for farmers and fishermen while retroactive reductions for small businesses are planned. Canada’s 1950-51 outlook shows $2.43B revenue and $2.41B expenditures with gold and US dollar reserves near $1.204B. devaluation aids trade, but overseas buyers lag in resuming market share.

Budget Keeps Big Budgets and Tax Status Quo

Ottawa CPA projects large budgets to endure with taxes steady near current rates in the 1950 51 budget presented to the Commons by Finance Minister Abbott. The speech promised no major tax changes or rate cuts, with selective depreciation options for farmers fishermen and closely held family firms and tariff tweaks aligning with Geneva accords effective June 1 1950.

Ottawa Cpa Abbott

Dispatcher and Driver Debate Stealing Kisses

A humorous exchange shows a dispatcher warning about stealing and a driver retorting with memories of unlawful kissing before marriage. The banter highlights a playful street conversation about morality and romance.

Abbott signals unpredictable defence costs in review

Finance minister Abbott warned defence estimates totalling 425 million dollars will be hard to predict. He noted Canada’s debt of 423 million dollars is legacy of past wars and that overall spending could exceed a billion dollars annually when defence and veteran care are included. He said economies won’t offset high defence and social security costs and anticipated tax changes only offer partial relief.

Abbott Canada Anita St. ‘Laurent Mil Martin

Guesstimate Shapes 1950 Economic Outlook

The budget highlights Abbott’s 1950 forecast with a consensus view that employment output and price levels in Canada and the United States will show little change from 1949. Probable Canada-US demand shifts suggest modest domestic growth offset by weaker overseas demand and a slight price decline with employment edging up. Canada’s exposure to external shocks remains noted and debated.

Concensus Canada United States Abbott

Also Mentioned on This Page

Pantages Lilmdom Broderick Crawford Olivia: de Haviland Mercedes McCambridge Dean Jag 7Ser Motion Picture Academy of Arts and Sciences Royal Air Force Markham Airdrome Norfolk England Airdrome Arthur Henderson Air John Bird Southam Mr. Abbott Harrington Herb Surplis Ottawa Bureau Sion Tate Geneva Chop
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