Mr. Chairman, I am not
a constitutional lawyer or a high financier, but this resolution looks like action to me. When I read about the municipalities meeting in Ottawa, in Toronto and other places, and sending their requests to the dominion government for relief, I think that this resolution is the answer to them. How are we going to cure unemployment if we do not provide productive work? As has been shown by conventions in municipalities, these municipalities have been in difficult times. If this is the father of assemblies in Canada, then certainly we should take the lead.
When I rose to speak I had intended asking the minister a question. In the event of the passage of the legislation taking over full control of the Bank of Canada could we borrow the money from that bank? In other words, could we take it out of one pocket, put it into another, and gain two per cent?
Subtopic: AUTHORIZATION OF LOANS TO ASSIST MUNICIPALITIES IN MAKING SELF-LIQUIDATING IMPROVEMENTS