Hon. J. L. RALSTON (Acting Minister of Finance) moved that the house go into committee at the next sitting to consider the following resolution:
That it is expedient to introduce a measure to provide:
1. That sums not exceeding eight hundred million dollars ($800,000,000) be granted to His Majesty for the purpose of making war supplies available to any of the united nations, other than Canada, and of fulfilling any obligations arising out of the united nations relief and rehabilitation agreement;
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 of property or reciprocal action or provision of supplies or other direct or indirect benefit as may be deemed appropriate;
3. That the Canadian mutual aid board be authorized to carry out the purposes of this resolution;
4. That the governor in council 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 eight hundred million dollars ($800,000,000) 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 through the agency of the Minister of Munitions and Supply, the principal and interest of any such loan to be a charge upon and payable out of the consolidated revenue fund.
He said: His Excellency the Governor
General, having been made acquainted with the subject matter of this resolution, recommends it to the consideration of the house.
Motion agreed to.