¹ Douglas, C. H., Credit, Power and Democracy (London, 1921)Google Scholar, Economic Democracy (London, 1934)Google Scholar, Social Credit (London, 1935)Google Scholar; Colbourne, M., Economic Nationalism (London, 1933)Google Scholar; Mairet, P., The Douglas Manual (New York, 1934)Google Scholar; Tutte, W. A., Doughs Social Credit for Canada (Vancouver, 1934).Google Scholar

² Gaitskell, H. T. N., “Four Monetary Heretics” in Cole, G. D. H. (ed.), What Everybody Wants to Know about Money (London, 1933)Google Scholar; Hiskett, W. R., Social Credits or Socialism (London, 1935)Google Scholar; MacGibbon, D. A., “Inflation and Inflationism,” Canadian Journal of Economics and Political Science, 08, 1935, 325–36CrossRefGoogle Scholar; Hiskett, W. R. and Franklin, J. A., Searchlight on Social Credit (London, 1939).Google Scholar

³ See especially Social Credit, 180–93 and Appendix, “Draft Social Credit Scheme for Scotland,” 205–12.

⁴ Evidence presented by Douglas to the Agricultural Committee of the Legislative Assembly of Alberta (Edmonton, 1934), 95.

⁵ For an analysis of Douglasite political theory see Macpherson, C. B., “The Political Theory of Social Credit,” Canadian Journal of Economics and Political Science, 08, 1949, 378–93.CrossRefGoogle Scholar

⁶ Douglas, , Social Credit, 206.Google Scholar

⁷ Ibid., 211.

⁸ Ibid., 209.

⁹ Douglas, C. H., First Interim Report on the Possibilities of the Application of Social Credit Principles to the Province of Alberta (Edmonton, 1935).Google Scholar

¹⁰ Letter, Douglas to Reid, ibid.

¹¹ The Douglas System of Social Credit: Evidence Taken by the Agricultural Committee of the Alberta Legislature, Session 1934, Evidence of Wm. Aberhart, 22.Google Scholar

¹² See Douglas, C. H., The Alberta Experiment: An Interim Survey (London, 1937), 73 Google Scholar: “It would not be possible to claim that at any time the technical basis of Social Credit was understood by him [Aberhart], and, in fact, his own writings on the subject are defective both in theory and practicability.”

¹³ Aberhart, Wm., The Social Credit Manual (Calgary, 1935), 25.Google Scholar For other descriptions of Aberhart's system the reader is referred to his evidence before the Agricultural Committee of the Alberta Legisature, Session 1934; also see his “educational articles” in the Social Credit Chronicle, 1935.

¹⁴ Address to the Canadian Club of Toronto by William Aberhart, Sept. 13, 1935.

¹⁵ Ibid.

¹⁶ The Douglas System of Social Credit, Evidence of William Aberhart, 17.Google Scholar

¹⁷ Ibid., 18.

¹⁸ ProfessorAngus, H. F. as reported in the Edmonton Journal, 08 6, 1935.Google Scholar

¹⁹ The Douglas System of Social Credit, Evidence of William Aberhart, 73.Google Scholar

²⁰ Douglas, The Alberta Experiment; see Appendix for Douglas-Aberhart correspondence.

²¹ Irving, J. A., “The Evolution of the Social Credit Movement,” Canadian Journal of Economics and Political Science, 08, 1948, 321–41.CrossRefGoogle Scholar

²² For the details of the insurgency in the Social Credit party see Irving, “The Evolution of the Social Credit Movement.”

²³ 1 Edw. VIII (first session), 1936, c. 5.

²⁴ 1 Edw. VIII (second session), 1936, c. 1.

²⁵ O.C. 1092/36, Alberta Gazette, 1936, 818–26.Google Scholar

²⁶ Ibid., Fonn B, Alberta Citizens' Registration Covenant.

²⁷ This figure was released by the Government and is cited in McGoun, A. F., “Alberta: Economic and Political, I: Social Credit Legislation, a Survey,” Canadian Journal of Economics and Political Science, 11, 1936, 512–24.CrossRefGoogle Scholar

²⁸ Van Allen, G. H. (Lib.), Edmonton, quoted in the Edmonton Bulletin, 08 27, 1936.Google Scholar

²⁹ The use of the constituency party organization as an administrative instrument was not restricted to the registration of 1936. The credit house to be established by the Credit House Act and the prosperity certificates scheme were to be organized on a constituency basis.

³⁰ I Edw. VIII (second session), 1936, c. 1, ss. 17, 36.

³¹ See McGoun, “Alberta: Economic and Political.”

³² Of the $3,200,000, $354,000 was redeemed as at March 31, 1936, from the sinking fund applicable to that issue.

³³ The original issue of scrip in August, 1936 (see O.C. 815/36), amounted to $239,391, all of which was spent on roads. Subsequent reissues, the last in August, 1937, swelled the total scrip issue to $359,788, of which some $340,000 was redeemed by the province. As at September, 1937, revenue from stamp sales was $29,994.

³⁴ Coe, V. F., “Dated Stamp Scrip in Alberta,” Canadian Journal of Economics and Political Science, 02, 1938, 60–91.CrossRefGoogle Scholar

³⁵ 1 Edw. VIII (second session), 1936, c. 3.

³⁶ 1 Edw. VIII (second session), 1936, c. 2.

³⁷ Speech by Hon.Cross, W. W. reported in the Edmonton Journal, 03 30, 1937.Google Scholar

³⁸ Ibid.

³⁹ An abstract of the committee's report was released on January 6, 1937.

⁴⁰ As reported in the Edmonton Journal, March 30, 1937.

⁴¹ 1 Geo. VI (first session), 1937, c. 10.

⁴² A bill introduced by Representative T. A. Goldsborough (Dem.), Maryland, alleged to do away with what he termed “the Dutch system of finance” which, he said, “mortgages industry to protect property.” The bill recommended credit distribution in the form of national credit certificates for the purpose of financing a discount on prices to the consumer at retail, and a national consumers' dividend. Goldsborough's discount system was to operate in a manner identical with that proposed by Douglas in his draft scheme for Scotland. Goldsborough believed that inflation could be avoided by (1) open-market operations of the federal reserve system; (2) raising the reserve requirements of all banks; (3) raising bank re-discount rates; and (4) gradually paying off national, state, municipal, corporate, and personal debts.

⁴³ Statutory duties of the board were as follows: appointing Social Credit technical experts; appointing members of the provincial credit commission; examining Social Credit legislation and making recommendations in respect thereof; rendering annual reports to the Legislature; recording and studying economic conditions in the province; and, finally, “requesting the executive council for the advice and cooperation of any department of government.”

⁴⁴ Statutory duties of the provincial credit commission were as follows: to collect tax levies; to receive and administer securities assigned to it; to adjust claims, handle settlements, and adjust or liquidate debts—when application for such adjustment was made to the commission; to negotiate any transfer of Alberta credit with any firm, person, or corporate body who would be entitled to such credit and whose interests might be affected by the Act; to exercise all the powers granted commissioners under the Public Enquiries Act; and, lastly, to take the necessary steps to establish and maintain a reserve of “financial credit” sufficient to assure that treasury credit certificates (see below) would always be honoured in terms of Canadian currency in the extraprovincial market.

⁴⁵ No retail discount rate would be published unless productive capacity exceeded total consumption by at least 10 per cent. The provincial credit commission was to have final say in the establishment of the discount rate, unless a new rate exceeded the old by more than 5 per cent, in which case the Social Credit board would determine the rate.

⁴⁶ Social Credit Act, s. 32 (2).

⁴⁷ Ibid., s. 34.

⁴⁸ Supreme Court of Canada, Canada Law Reports, 1938, 117.Google Scholar

⁴⁹ For the details of these measures and their constitutional consequences see Mallory, J. R., “Disallowance and the National Interest,” Canadian Journal of Economics and Political Science, 08, 1948, 342–57.CrossRefGoogle Scholar

⁵⁰ Supreme Court of Canada, Canada Law Reports, 1938, 101.Google Scholar

⁵¹ 2 Geo. VI (first session), 1938, c. 3.

⁵² 2 Geo. VI (second session), 1938, c. 3.

⁵³ Social Credit Board, Alberta's Treasury Branches (Edmonton, no date), mimeo.Google Scholar; also Powe, B. A., “The Alberta Treasury Branches and the Interim Programme,” M.A. thesis, University of Alberta, 1951.Google Scholar

⁵⁴ Geo. VI, 1940, c. 14.

⁵⁵ Powe, “The Alberta Treasury Branches and the Interim Programme.”

⁵⁶ $32,000,000 in 1951, as compared with total deposits in Alberta of some $6,500,000,000.

⁵⁷ The Alberta Story: An Authentic Report of Alberta's Progress, 1935-1952 (Edmonton, 1952).Google Scholar

⁵⁸ As reported in the Edmonton Journal, March 24, 1943.

⁵⁹ Annual Report of the Social Credit Board, 1944.

⁶⁰ Ibid.

⁶¹ Ibid., 1946.

⁶² Ibid.