Canada follows pay as you go war policy says Bank of Canada head
Graham Towers, governor of the Bank of Canada, told the United States Bankers Association meeting in Reigniory Club Quebec that Canada will fund the war by high taxes and internal borrowings with foreign exchange controls. He said exchange controls worked and Canada has met all foreign commitments without saddling others with debts. He noted Canada’s aid to the United Kingdom includes gold payments, debt repayments, and a $700 million interest-free loan, plus a March gift of $1 billion, delivering guns, tanks, aircraft, food, and supplies to allies as needed.
MENTIONED IN THIS ARTICLE
Reigniory Club
Que
Canada
United Kingdom
Towers
Canadian National Railways
Giant $8.3 Billion Naval Build Adds 500 Warships
Washington plans an $8.3 billion program to authorize about 500 fighting ships, aiming to nearly double the U S fleet. Vinson says the two ocean navy could be finished in 24 months with carriers, cruisers, destroyers, escorts, and patrol vessels. The plan would add to existing authorized ships and accompanies a large appropriations bill.
MENTIONED IN THIS ARTICLE
Washington
U.S
Vinson
House of Representatives Naval Committee
Navy
House Appropriations Committee
Navy, Marine Corps and Coast Guard
Salvage Rules for Used Collapsible Tubes Across Ottawa
Wartime Prices and Trade Board orders delivery of used collapsible metal tubes to licensed stores and bans possession longer than required. It also prohibits destroying empty tubes and notes about 250 tubes could supply tin solder for a Bolingbroke bomber. Winnipeg plan promises over 60 percent gasoline and rubber savings by zoned milk collection in Manitoba and Saskatchewan.
MENTIONED IN THIS ARTICLE
Ottawa
Prices and Trade Board
Winnipeg
Manitoba
Saskatchewan
W. H. Musgrove
Manitoba Dairy Association
Bakers Can Use Icing Within 70 Percent Sugar Quota
Ottawa wartime officials outline revised sugar rationing rules setting industrial use to 70 percent of 1941 levels. Bakers may ice cakes within the quota, replacing the earlier 80 percent 1940 level, with icing drawn from the 76 percent overall allotment.
MENTIONED IN THIS ARTICLE
Ottawa
Donald Gordon
Prices Board
Canadians Endure 12 Day Marching Exercise in England
A Canadian corps completed a 12 day endurance drill in southeast England, marching 256 to 300 miles without transport while engaging a British corps in mock combat. Gen Crerar and Gen Montgomery praised the high standard of fitness and leadership, noting Canadians gathered vital intelligence and impressed observers including Brooke and McNaughton.
MENTIONED IN THIS ARTICLE
England
Europe
H. D. G. Crerar
B. L. Montgomery
Britain
Montgomery
Alan Brooke
Home Forces
A. G. L McNaughton
B. W. Browne
Radio blackout ordered near British Columbia coast
Western Air Command of the Royal Canadian Air Force ordered a radio blackout of stations in the coastal defence area of Victoria and nearby regions. The measure, stated as precautionary, aims to prevent potential security risks during heightened tensions.
MENTIONED IN THIS ARTICLE
Victoria
British Columbia
Western Air Command
Royal Canadian Air Force
W.A.C
Attack on Alaska Crisis Sparks Naval Invasion Fears
New York based British United Press naval analyst Rear Admiral Yates Stirling Junior warns that Japanese strikes on Dutch Harbor could precede a broader invasion of the Soviet Far East, signaling increased regional tension.
MENTIONED IN THIS ARTICLE
New York
United Press
Yates Stirling
Dutch Harbor
Soviet Far East
Praise Farm Women Government Expresses Appreciation
The government announces a 30900 advertising campaign to thank farm women across Canada for their wartime contributions. It notes women on farms manage family duties, perform extra farm tasks, and support Red Cross efforts despite labor shortages and shifts to industrial jobs.
MENTIONED IN THIS ARTICLE
Ottawa
Farm Women of Canada
Agriculture Department
Red Cross
Postponement of British Air Training Plan Signing
Ottawa reports the signing of the British Commonwealth Air Training Plan agreement has been postponed indefinitely. The broad terms are settled but some financial and related details require further consideration before signing.
MENTIONED IN THIS ARTICLE
Ottawa
Doolittle Foresees Encore Raid From Shangri La Base
Brigadier General James H. Doolittle sits in the Washington war department predicting a possible second air strike from the U.S. air base at Shangrila to reprise the Tokyo raid. In the Caribbean, two U.S. merchant ships, one medium and one small, were torpedoed.
MENTIONED IN THIS ARTICLE
War Department
Washington
James H. Doolittle
U.S. Army
Tokyo
Gen. Doolittle
U.S
Shangrila
Caribbean
American chemist predicts delayed rubber supply until 1945
Dr. H. I. Cramer of Philadelphia, speaking at the Canadian Chemical Association, says two more years of war will entrench synthetic rubber. He estimates UN stockpiles at 800,000 tons and Allied plantation production at about 170,000 tons annually.
MENTIONED IN THIS ARTICLE
Hamilton
H. I. Cramer
Philadelphia
Canadian Chemical Association
United Nations
Audacious British Raids Behind Libyan Lines
British volunteers conducted daring operations in Libya after Italy entered the war. They slipped through back doors in ordinary trucks to raid Axis posts, capture prisoners, and destroy equipment with a small force and no losses. The leader earned the Military Cross for the success.
MENTIONED IN THIS ARTICLE
Libya
Italy
War in the Skies Favor Allies Two to One
The air ministry reports Allied air losses at five thousand British planes with ten thousand forty five enemy aircraft destroyed across European and Middle Eastern fronts. Britain notes heavier raids on Cologne and Essen and massive bomb tonnage in four nights on France and Germany. Far East tally cites over twelve hundred Japanese planes shot down. Allied losses not listed.
MENTIONED IN THIS ARTICLE
Libya
London
R.af
Air Ministry
Cologne
Essen
Britain
Germany
R.A.F
France
Ger
Far East
May ration coal in Canada and United States urged
Canadian federal coal administrator J McG Stewart told the Canadian Retail Coal Association that coal rationing may occur in both countries this winter if US transport constraints persist. He urged early stocking and said any Canadian plan would mirror U S practice with advance public notice and a September deadline to secure transport for wheat, war materials, and harvest needs.
MENTIONED IN THIS ARTICLE
Toronto
Canada
United States
J. McG. Stewart
Canadian Retail Coal Association
Stewart
Brockington to Advise Bracken on Empire Affairs in Britain
Leonard W. Brockington of Ottawa has agreed to serve as adviser on Empire affairs to Brendan Bracken in Britain. He will also speak, write, and broadcast from the United Kingdom and depart soon for overseas duty.
MENTIONED IN THIS ARTICLE
Leonard Brockington
Ottawa
Leonard W. Brockington
K.C
United Kingdom
Brendan Bracken
Brockington
Britain
Mackenzie King
Wartime rule bans farm machinery displays at fairs
Ottawa announces that displays of farm machinery will be omitted from fairs and the inter provincial plowing match this year under a wartime prices and trade board order. Exhibitions including repair parts attachments are prohibited at all fairs.
MENTIONED IN THIS ARTICLE
Ottawa
Prices and Trade Board
Barrymore Estate Shifts to Three Heirs
John Barrymore's estate is divided among his three children Gordon Leroy, and others. The veteran actor left about 10 000 dollars in cash plus an automobile and household bric a brac from an estimated million dollar career. Canada has had 39 bank mergers since Confederation in 1867.
MENTIONED IN THIS ARTICLE
Los Angeles
John Barrymore
Gordon Leroy
Confederation
Canada
Also Mentioned on This Page
Navy Construction
Alaska
Axis
Cp.r
Canadian Pacific
Ogden
Calgary
R. Alderman
F. M. W. Harvey
V.C
Military District No. 13
J. L. Gubbins
W. A. Mather
Western Lines
Canadian Pacific Railway
H. B. Bowen
Gemany
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