Hon. J. A. ROBB:
(Acting Minister of Finance) : Mr. Speaker, yesterday on the Orders of the Day the hon. member for South York (Mr. Maclean) made the following inquiry:
Will the Acting Minister of Finance (Mr. Robb) please inform the House and the country when the Deputy Receiver General's office in Toronto ceased to function as a place for public deposits at interest, with right of withdrawal in Dominion notes, and whether it is true that deposits on similar terms are still being received by the Deputy Receiver General's office in British Columbia and in the Maritime provinces.
I now have the answer which is as follows: The Government Savings Bank agency at Toronto was closed 1st November, 1905, and the Savings Bank deposits transferred to the control of the Post Office Savings Bank. The public could make deposits and make withdrawals at this office. The withdrawals were met by issuing a cheque drawn on the Bank of Montreal. The depositors were not at any time paid in Dominion notes. Government Savings Bank offices are still in existence at Victoria, B.C., St. John, N.B., Halifax, N. S., and Charlottetown, P.E.I. All other offices have been closed out and the deposits transferred to the Post Office Savings Banks.