Scribd Logo
Upload

Welcome to Scribd!

  • Standing Committee Banking and Commerce - May 25, 1939 - Minutes pg756-780

    Uploaded by

    mrpoisson
    411 views26 pages
    GF Towers evidence before the Standing Committee on Banking and Commerce - May 25, 1939 pg 756 - 780

    Original Title

    Standing Committee Banking and Commerce - may 25, 1939 - minutes pg756-780

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    GF Towers evidence before the Standing Committee on Banking and Commerce - May 25, 1939 pg 756 - 780

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    411 views26 pages

    Standing Committee Banking and Commerce - May 25, 1939 - Minutes pg756-780

    Uploaded by

    mrpoisson
    GF Towers evidence before the Standing Committee on Banking and Commerce - May 25, 1939 pg 756 - 780

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 26
    SESSION 1939 HOUSE OF COMMONS STANDING COMMITTEE BANKING AND COMMERCE MINUTES OF PROCEEDINGS AND EVIDENCE Respecting the BANK OF CANADA _ 1 ns wriwess:* Mr, Graham Ford Towers, Governor of the Bank of Canada Memb Deaelint Maedonald (2 Stevens, Taylor (Na In Ad TRE Ma lly ford MM OM Iw rare, preside Me Dube. Fou City), Meer mo), Preker, War Grabann Fore MINUTES OF PROCEEDINGS Puenspay Ww Moor (VorkeSunbury) Gover h May 2 5, 1939, tat WT8 aa Coldwe (Busnes Paul Bank of May 26 R. ARSENAULT Clark of the Com MINUTES OF EVIDENCE House, or Coxtwoxs, Roow 277 May 25, 1989. the Standing Committee on Banking and Commerce met at HT aan The Chaitman, Mr. WW. H, Moore, presided ‘The Camas have the foot Tn attendances Me, Graham Ford Towe Hemien, we uorum now. Mr. Deaehinan, yen 1 of the Bank of Canada By Mr. Deachmay @. Mel Tovwors, L think you have a rape of the rewor with yo | hel Tike Cow fo tum to paze 86 of No, 3, whieh gives the geweral price Insees CE Canada and certain otlier countries, Ye ares ane some questions [scant to ake vou) there with the ohh, nea iin Tr we ext mere, tie effect of the depreciation wf he Ante roxtndl_ on evtrrentp Tr you Tooke at the: betta of pase, 86 you will see. table rive gmdives of Cangeky and certain aller aunties, In the fir MH that table, heart the Austraian pound se Ae iefee relationship tween the ts counties was Faire ele wns it nat?—A. Yes: A. "Bhen, rowering the sears frou 1981 to 1988, the period oy Mie ano Caine ponsid wae ata lineout, the Austrian price Tevel was Tagen (ha the Canadian price level A. Yes Cota Pattenpted ¢o mesure this—it fs peruupe not a arenas Eh ut it gives us th eae naiding. these «ight ears together and taking Ut it Bie Pye, T foal thatthe price Tevel difference Wetween the (we was 8) jwints,—A. Ves Best woul represent rosy 11 per cents amd wha 1 ats Non te Australian, pon diring that peri’ was depreciated, 1 You et Table 20 or 25, yw cent A. Twentyfive pee cent ome terete! an thse arere ties uring that period, af exurec, when yor cerling acne itself depreciated in, New York ne Aer Meamount of the depreciation of the pound jae bol Fee eo re dy eine appreciated pve of Australian prodgets?——A. Well, the Hehe sige AF sAtedratia sad not fully ret, presale lien Ove Seprc Pe ese maitan pound oF, still Tess, the ‘depreciation, wn the noun’ feet A eey MeNthe general price level that we ave at the bottom of the page?—A. Tis Up But when sve-come to the price tevel of farm prof seawneticat there and it gave an Australian fevel of @4 and ae eat reget of BP and ths, or the Austrian level was Tal Satte ot the Gamat ve eent above the Canadian level, ax far as farm pravuels concerned —A. Higher? Q. Yes—A. Yes. Yee h YE articular item to which T wish to draw: sinur antention of 1934, The Canadian in the Ca ind Australinn price comp: Wyal'is at 78 and the Australian at 89,

    You might also like