The additional credit on payment of arrears or instalments of arrears-that is the dollar added to the dollar-applies in the future and only on principal payments? Is that correct, or does it apply also to interest?
That may be the soldier settlers' union for the district of Saskatoon, but that is only one local of the soldier settlers' union. I understand that there are fifty locals of the soldier settlers' union organized in northern Saskatchewan and elsewhere, and I do not think the point of view of these fifty locals is the same as that presented through the minister by the locals stated. I did not know this matter was coming up today and there is some information I have not at my disposal, but I have a letter here from H. S. Clarke, the secretary of the North Battleford local. He farms a short distance from North Battleford. He met the commissioner and General Ross when they went out west last fall to meet the soldier settlers and conferred at Lloydminster, Saskatoon, North Battleford and other places.
Then that would be the Lloydminster local he was speaking for. What I want to point out is this, that the North Battleford local, I presume, is working in harmony with all the other locals, and therefore I am wondering at the discrepancy between the point of view presented by the minister and Mr. Clarke's conception of the question. Mr. Clarke says:
Our aim is that the debt be as it stood at the time of revaluation in 1929, and no interest charges be made from that date. Any moneys paid in since to be applied to principal only.
If Mr. Clarke has the right slant on this question, then the statement I made previously is sound, that the department is not going as far as I anticipated to meet the wishes of the soldier settlers, and I am wondering if the limits set by the resolution
Soldier Settlement Act
are going to be strictly adhered to by the minister and his department. I rather hope not. I would like to see the minister and the department take as favourable a view of the whole situation as possible.
I shall reserve most of what I have to say until the bill is before us. Did I understand the minister to say that this remission of interest would be from the standard dates in 1932 onward to 1937, for a period of five years, or just for one year?
twelve months that have passed. If those interest charges have been paid, the person paying them gets this credit applied on principal. The hon. member for North Battle-ford will probably remember that when the thirty per cent horizontal reduction was made in May, 1930, just near the end of the spring session-
The arrears of interest were spread at that time, and the interest that is being remitted entirely is from the standard date in 1931 to the standard in 1932. That is remitted, washed out, and those who paid are given credit for an amount equal to the payments they made. From that time on anyone who pays a dollar gets credit for two dollars.
I am going to ask the minister, when he introduces the bill, to bring down to the house details showing the total cost of administration of the Soldier Settlement Act from the beginning to date; the total cost to the country of the revaluation of stock and equipment; the total cost of the revaluation of land; and after adding all those together I would ask the minister to tell the house whether he has ever thought of the advisability of giving the land to the settlers who still have a flight equity in it and wiping out the whole settlement scheme once and for all.