Word: argument
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Dates: during 1940-1949
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...sells legally for $3.15 in New York and for $2.92 on the free market in Paris. These bargain pounds, however, cannot be legally taken into Britain (except for a ?5 tourist allowance), and cannot be used in open commercial transactions for British goods. A much better comparison supporting the argument that $4.03 is an unrealistic rate is the fact that $4.03 will buy more of most goods inside the U.S. than ?1 will buy in Britain...
...this may be added another cogent argument which few Britons are candid enough to make, even privately. It runs...
Good as this argument is, determined as Cripps is that there shall be no devaluation, it may come anyway. The very talk of devaluation persuades Britain's potential customers to postpone orders in the hope of being able to pay for them later in cheaper pounds...
...Liberals had any fears that Drew's campaigning would have a similar effect on them, they failed to show it. The only thrust that seemed to worry them was the argument being used against St. Laurent in his home province of Quebec. Tory campaigners charged that St. Laurent was centralizing power in Ottawa, and thus undermining the autonomy of the predominantly French and Roman Catholic province. In driving home this point, the Tories got help from Liberal-hating independent candidates like Montreal's elephantine Mayor Camillien Houde. Said Houde: "Better for us to have in Ottawa a Protestant...
Elsewhere across the politically calm Dominion the Liberals were confident that their careful election timing had left their opponents with no effective argument for a change in government...