Hon. J. L. ILSLEY (Minister of Finance) moved that the house go into committee at the next sitting to consider the following resolution:
Resolved, that it is expedient to introduce a measure to provide:
1. That sums not exceeding one thousand million dollars ($1,000,000,000) be granted to His Majesty for the purpose of making war supplies available to any of the united nations.
2. That the governor in council may determine the terms and conditions upon which such war supplies are made available to any of the united nations and may require in certain cases payment or repayment in kind or property or reciprocal action or provision of supplies or other direct or indirect benefit as may be deemed appropriate.
3. That there be established a Canadian war supplies allocation board to carry out the purpose of this resolution, and that such board be authorized to employ officers, clerks and other employees necessary for the proper conduct of the business of the board.
4. That the governor in council may be empowered to raise by way of loan under the provisions of the Consolidated Revenue and Audit Act, 1931, such sum or sums of money not exceeding in the whole the sum of one thousand million dollars ($1,000,000,000) as may be required for the purpose of defraying the expenditures herein mentioned and for purchasing or otherwise acquiring or, procuring war supplies in Canada, the principal and interest of any such loan to be a charge upon and payable out of the consolidated revenue fund.
Business of the House