Foresighted Canada's new War Assets Corp. (TIME, Dec. 13) last week told what it intends to do. Under no illusions about the vastness of the job, W.A.C.'s new president, sensible, Scottish-born Steelmaker John Ballantyne Carswell, explained:
The Corporation will impound all war-material surpluses—machinery, tools, raw materials, even military and naval camps, barracks and flying fields—in one tremendous reservoir. Sales will be controlled. The trick will be to release material slowly enough to avoid a market glut and unemployment, fast enough to prevent equipment's becoming obsolete.
Said "Jock" Carswell, "Essentially, the Corporation's job will be one of compromise." There will be...
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