It would be a great tragedy if this bank were to be handled in a political fashion, or if it were to be dragged into politics. One effect would be that immediately the Bank of Canada, an organization which thus far has been kept clear of that, would be dragged into the political arena. The effect of having this new bank mixed up in politics might very well seriously under-
mine our democratic system of government. I hope therefore that it will never become a political instrument.
The next thought is that the bank should work very closely with the people in the different provinces and localities in Canada. I do not believe it would do that, as at present constituted.
Subtopic: PROVISION OF ADDITIONAL CREDIT FACILITIES FOR FIXED AND WORKING CAPITAL