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-9-
COMMERCIAL AND FINANCIAL POLICY
The Canadian Government is deeply interested in
bringing about sound multilateral trade and the recip-
rocal reduction of tariffs and removal of trade barriers.
Canada's national income is far more dependent on for-
eign trade (30% in peacetime) than is the United States
and interest in orderly international economy is cor-
respondingly greater. Canada's willingness, as recently
announced, to extend to other countries having balance-
of-payment problems adequate credits to finance their
import requirements from Canada is of particular in-
terest. This offer is directed primarily to the United
Kingdom, for there is serious concern in Canadian Gov-
ernment and trade circles lest the financial difficulties
which the United Kingdom seems likely to face after the
war might lead to a drastic curtailment of purchases in
Canada.
Lord Keynes stopped in Ottawa recently on his way
to Washington and engaged in informal discussions with
the Canadians. It is anticipated that he will return
to London via Ottawa and then be able to secure agree-
ments with Canada in the light of the Washington con-
versations.
8.
: ARCHIVES "NATIONAL SERVICE* RECORDS AND
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"ocrText": "-9-\nCOMMERCIAL AND FINANCIAL POLICY\nThe Canadian Government is deeply interested in\nbringing about sound multilateral trade and the recip-\nrocal reduction of tariffs and removal of trade barriers.\nCanada's national income is far more dependent on for-\neign trade (30% in peacetime) than is the United States\nand interest in orderly international economy is cor-\nrespondingly greater. Canada's willingness, as recently\nannounced, to extend to other countries having balance-\nof-payment problems adequate credits to finance their\nimport requirements from Canada is of particular in-\nterest. This offer is directed primarily to the United\nKingdom, for there is serious concern in Canadian Gov-\nernment and trade circles lest the financial difficulties\nwhich the United Kingdom seems likely to face after the\nwar might lead to a drastic curtailment of purchases in\nCanada.\nLord Keynes stopped in Ottawa recently on his way\nto Washington and engaged in informal discussions with\nthe Canadians. It is anticipated that he will return\nto London via Ottawa and then be able to secure agree-\nments with Canada in the light of the Washington con-\nversations.\n8.\n: ARCHIVES \"NATIONAL SERVICE* RECORDS AND"
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