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Consumer credit
CANADA SUSPENDS
REGULATIONS
Australian Associated Press
OTTAWA, Mon. — The Canadian Finance
Minister, Mr Douglas Abbott, announced
today that all consumer credit regulations
would be suspended from tomorrow.
The regulations went
UbU CUVUb
in November,
1950, to re
duce con
sumer spend
ing and to
decrease the
amount o f
money In cir
culation a s
Sart of the
ght against
inflation.
They were
stiffened In
March. 1951,
t o require
deposits o f.
nno_bolf fbo
selling price of motor cars
and one-third on all other
commodities.
The Bureau of Statistics
reported today that the
national cost of living
index had dropped from
189.1 to 188.7 during March.
flr D. Abbott Help
flr D. Abbott
$