Ottawa, Apr. 30.
Canada has pledged itself to finance the bulk of British purchases in Canada, estimated at $1.500,000,000. declared the Canadian Finance Minister, Mr. Isley,' in presenting Canada's third war budget yesterday.
Speaking of Britain's difficulty in obtaining Canadian dollars the Minister said that Britain's deficit in this connection was $795.000.000.. Declaring that it wes unthinkable that Britain should be unable to purchase vitally needed supplies in Canada because of a lack of Canadian dollars, the Minister said that Canada would meet such a proportion of that total deficit as Britain herself would be unable to meet by transfer of gold or United States dollars to Canada.
Mr. Isley praised the new arrangement with the United States'as "a magnificent contribution to our common struggle" At the end of the fiscal year, Canada's balance of payments with the United States showed a deficit of probably $478,000.000. Canada's total war bill for the current fiscal year is estimated at $1,- 450,000.000. "Revenue reached the unprecedented total of $871.571.000. and the yeat's deficit was $395,056,000.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.