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NEW-FOUND PROVINCE | Maclean's | October 1, 1948

NEW-FOUND PROVINCE | Maclean's | October 1, 1948
archive.macleans.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.macleans.ca Daily Mail and Mail on Sunday newspapers.

New York , United States , Grand Falls , New Brunswick , Come By Chance , Witless Bay , Avalon Peninsula , United Kingdom , Signal Hill , Bally Healy , Conception Bay , United Church , Logy Bay , Corner Brook , New South Wales , Ragged Point , Prince Edward Island , Fort Pepperell , Cape Breton , Nova Scotia , Barren Island , Dominion Of Canada , John Robinson Hill , Gordon Macdonald , Peter Chesney , Mackenzie King ,

Ivison: Flat-broke Newfoundland is a cautionary tale for other big spending governments in Canada


Article content
The federal government has long looked down its nose at Newfoundland and Labrador as an economic sink-hole, so you can understand the pride premier Danny Williams must have felt when he told the Toronto Economic Club in 2007 that his province had “turned the fiscal corner.”
Williams’ government recorded a budgetary surplus that year, allowing it to bring in the biggest tax reduction in the province’s history. Williams boasted in that year’s Throne Speech that his province was self-reliant and “master of our own house.”
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Muskrat Falls , Fogo Island , Danny Williams , Chrystia Freeland , Andrew Furey , Don Drummond , Paul Daly , Rex Murphy , John Ivison , Justin Trudeau , Sean Kilpatrick , Moya Greene , Dwight Ball , Danny William , Nalcor Energy , Toronto Economic Club , House Of Commons On Parliament Hill , Canadian Press File , Canada Post , Postmedia Network Inc , Brent Foster National , Economic Club Of Toronto On , School Of Policy Studies At Queen University , Flat Broke Newfoundland , Labrador Premier Danny Williams , Economic Club ,

Rex Murphy: It's 'hard, hard times' in Newfoundland. And it doesn't look hopeful


Rex Murphy: It s hard, hard times in Newfoundland. And it doesn t look hopeful
Rex Murphy
© Provided by National Post
The fishing village of Joe Batt s Arm, Fogo Island, Newfoundland and Labrador, is seen in an undated file photo. The province is facing its greatest crisis since the collapse of the cod fishery, writes Rex Murphy.
It was 87 years ago and under pressure of entering full bankruptcy that Newfoundland became the first of the British Empire’s “Dominions” to give up its autonomy and to abandon self-government. As a consequence, for 15 years the former country was administered by a commission, relieved of that embarrassment only by (narrowly) voting to join the Confederation of Canada in 1949. ....

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