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This article focuses on developments in banking and monetary policy in Canada. It has been the declared policy of the Canadian government that the twin objectives of economic expansion and financial stability are to be pursued by methods, which would give encouragement to private enterprise and freedom to the consumer. Consequently, the policies, which were adopted to influence both the internal and external operations of the economy, were confined almost exclusively to those, which worked through the price mechanism rather than through use of direct and qualitative controls. The treasury and the Central Bank were the main instrument for implementation of this policy. In Canada the Central Bank is not subject to any directions in the sphere of monetary policy proper. Occasions for direction arise only in connection with matters for which the Bank acts as agent for the Minister of Finance; namely, the exchange rate and the technical management of the public debt. Although the government wholly owns the Bank, it is by statute responsible for the initiation and conduct of monetary policy.

The article presents a reference guide for Western Hemisphere. Names of publishers of books and the addresses of periodicals are provided to aid readers. Listings include only basic material, not news items or reports of transitory significance. "The Canadian and American Companies Developing Canada's Enormous Ore Resources," by John Lind, is a study of U.S. and Canadian iron resources and the exploitation of them. "Canada in World Affairs: From UN to NATO, 1946-1949," is the fifth volume in a series concerning Canada's participation in world affairs. "Power in New Brunswick," by W.A. Dixon, is a description of new power developments. "Canada's Economic Development, 1867-1953," by O.J. Firestone, is a history and analysis of Canada's economy. "Canada's Economic Prospects," by Simon Kuznets, is a review of the Final Report of the Royal Commission on Canada's Economic Prospects. In 1958 Economic Survey of Europe," included are studies of the relationship between economic expansion and balances of payments in Western European countries and consumption trends and structures in Europe.