Documents relating to the raising by the Government of Newfoundland of a temporary loan from the Bank of Montreal, the Royal Bank of Canada, the Bank of Nova Scotia and the Canadian Bank of Commerce, December, 1931

This is a collection of documents related to a $2.2 million loan made to the Newfoundland Government by the four Canadian banks which operated on the island. The loan was sought to partially meet meet the budget deficit of $4 million for 1931, as the Newfoundland Government tried to offset the effec...

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Bibliographic Details
Main Author: Newfoundland
Format: Book
Language:English
Published: printed for the Legislative Council and House of Assembly 1932
Subjects:
Loans
Canadian > Newfoundland and Labrador
Finance
Public > Newfoundland and Labrador
Newfoundland studies
University of Newfoundland
Online Access:http://collections.mun.ca/cdm/ref/collection/cns/id/118916
Description
Summary:This is a collection of documents related to a $2.2 million loan made to the Newfoundland Government by the four Canadian banks which operated on the island. The loan was sought to partially meet meet the budget deficit of $4 million for 1931, as the Newfoundland Government tried to offset the effect the depression was now having on its finances. ("The Newfoundland Royal Commission, 1933: Chapter IV. The financial position. The period from 1920-1921 to 1931-1932." Memorial University of Newfoundland, 2000. Web. 25 Apr. 2012).

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