May 11, 1933

CON

Richard Bedford Bennett (Prime Minister; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Right Hon. R. B. BENNETT (Prime Minister):

No conclusions have been arrived at as to the appointments to that commission.

Topic:   QUESTIONS PASSED AS ORDERS FOR RETURNS
Subtopic:   BANKING COMMISSION
Sub-subtopic:   INQUIRY IN REGARD TO APPOINTMENTS TO ROYAL COMMISSION
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CANADA SHIPPING ACT


On the orders of the day:


IND

Alan Webster Neill

Independent

Mr. A. W. NEILL (Comox-Alberni):

Mr. Speaker, may I ask the Prime Minister if it is the intention of the government to proceed with amendments to the Shipping Act at this session, and if so when we may expect them?

Topic:   CANADA SHIPPING ACT
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CON

Richard Bedford Bennett (Prime Minister; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Mr. BENNETT:

It is. We expect the

measure down to-day.

Topic:   CANADA SHIPPING ACT
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BANK INTEREST RATE REDUCTION


On the orders of the day:


CON

Edgar Nelson Rhodes (Minister of Finance and Receiver General)

Conservative (1867-1942)

Hon. E. N. RHODES (Minister of Finance):

Mr. Speaker, in answer to a question submitted yesterday by the hon. member for Battle River (Mr. Spencer) I desire to say that the Dominion government is not charged under the Bank Act with the duty of determining the rates of interest allowed by chartered banks on deposits nor with the rate of interest charged their customers for banking accommodation. However, believing that it was of the utmost importance to business and trade generally that interest rates should be lowered, the government has reduced the interest rate paid on post office savings bank deposits by one-half of one per cent effective May i, thereby cooperating in the general program to lower interest rates paid on savings deposits by the chartered banks and other depositories in Canada. The government participated in this matter in order to lay the ground for an effective reduction in the cost of money to all classes of borrowers and to promote the stimulus to business recovery which should result therefrom.

My understanding is that while the Canadian Bankers' Association has made no official statement as to a general policy with respect

Government Loan

to a reduction in interest rates to borrowers, substantial reductions have already (been effected.

I may add further that I propose to bring to the attention of the Canadian Bankers' Association the question submitted by the hon. member for Battle River.

Topic:   BANK INTEREST RATE REDUCTION
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TOBACCO INDUSTRY

INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS


On the orders of the day: Mr. E. J. GOTT (South Essex); Mr. Speaker, some time ago proceedings were instituted to investigate an alleged combine in the tobacco growing industry. I should not say "alleged," I should just say "combine." I should like to ask the Minister of Labour, in view of the fact that conditions in my riding are nothing short of criminal, as to what progress has been made and what steps the government proposes to take to assist the tobacco growers.


CON

Wesley Ashton Gordon (Minister of Immigration and Colonization; Minister of Labour; Minister of Mines)

Conservative (1867-1942)

Hon. W. A. GORDON (Minister of Labour) :

Mr. Speaker, the report of the registrar making inquiry has not yet been reviewed by me. The hon. member suggests there is a combine. If there is one, the steps which should be taken as contemplated by the statute will be taken, and those responsible for it will have to defend themselves as best they can.

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
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CON

Eccles James Gott

Conservative (1867-1942)

Mr. GOTT:

I should like to say another word so that I shall not have to make a speech under an item.

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
Permalink
?

Some hon. MEMBERS:

Hear, hear.

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
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CON

Eccles James Gott

Conservative (1867-1942)

Mr. GOTT:

Burley tobacco in the United States and American tobacco sold out at fifteen cents a pound and-

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
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CON

Pierre Édouard Blondin (Speaker of the Senate)

Conservative (1867-1942)

Mr. SPEAKER:

Order.

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
Permalink
CON

Eccles James Gott

Conservative (1867-1942)

Mr. GOTT:

I shall make a speech some

time to-day, then.

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
Permalink
CON

Pierre Édouard Blondin (Speaker of the Senate)

Conservative (1867-1942)

Mr. SPEAKER:

This is not the time to make it.

Topic:   TOBACCO INDUSTRY
Subtopic:   INVESTIGATION INTO ALLEGED COMBINE AMONGST BUYERS
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WORLD ECONOMIC CONFERENCE


On the orders of the day:


May 11, 1933