I shall read the resolution to see whether the member for St. John was justified in coming to that conclusion, or whether there was an attempt to give a wrong impression to the committee. The resolution says:
And further to provide that the Board may loan, upon such terms and conditions as may he prescribed, to any such settler an amount not exceeding two thousand dollars for acquiring land for agricultural purposes, payment of encumbrance* on lands used for agricultural purposes.
They do not even have to lend the money upon the security of the land; they may lend on any security and upon such terms as they deem prudent; and they may lend the money for the purpose of paying off a prior encumbrance. So that in the case cited by my hon. friend, that of a man who had a farm worth $2,000 against which there was an encumbrance of $250, the Government would be justified, under the terms of the resolution, in paying off the first mortgage and in that way granting a loan, or they could pay off the first mortgage and take a loan for $2,000. . The resolution, therefore, outlines clearly the powers contained in the Bill as read by the Minister of the Interior.