The sudden revaluation of the Canadian dollar caught most capitalistic speculators unawares. But not Saskatchewan socialists. Last week CCF's Provincial Treasurer Clarence M. Fines told how the province had cleaned up close to a quarter-million dollars on revaluation.
About a year ago, Treasurer Fines had to pay off a Saskatchewan bond issue of $2,250,000. As the issue had been floated in the U.S., he had to pay in U.S. dollars, then worth 10% more than Canadian dollars. After sending the check to Saskatchewan's New York banker, Fines decided that the Canadian dollar would ultimately be worth as much as that of...
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