--R. T. Naylor, The Banks and Finance Capital, vol. 1 of The History of Canadian Business, 1867-1914 (Montreal: McGill-Queen's University Press, 2006), 254.
Wednesday, August 01, 2018
The Power of Disallowance Protects British Financiers
The centralization of fiscal power in the hands of the federal government was accompanied by its close control over banking and finance, again with a view to stabilizing the overseas market for its debentures. The federal power of disallowance was used against provincial statutes that threatened to invoke the ire of British financiers.
--R. T. Naylor, The Banks and Finance Capital, vol. 1 of The History of Canadian Business, 1867-1914 (Montreal: McGill-Queen's University Press, 2006), 254.
--R. T. Naylor, The Banks and Finance Capital, vol. 1 of The History of Canadian Business, 1867-1914 (Montreal: McGill-Queen's University Press, 2006), 254.
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