I understand that my hon. friend is a firm believer in collectivism. But we won the war through the magnificient efforts of individuals. One of the freedoms for which Canadians fought the war was the freedom to live their lives as individuals and not as parts of regimented groups. That is what I am fighting for, and if the government would fulfil its proper function of getting purchasing power into the hands of the consumers it would1 not have to bring in a bill to provide for the building of houses, because the people would then do it for themselves and make an extremely good job of it.
But I wish to point out am entirely different principle in this bill. We have before us another attempt, as I see it, to set up by law the "Corporation Money Lenders' Charter". I see in this bill an attempt to reintroduce in different clothes the Central Mortgage Bank Act of 1939, and that is what I take objection to. There are evidences, plenty of them, in the bill, that this is so. Just look at part II, beginning with section 28 and1 including sections 29, 30 and 31, and you will see that the corporation to be set up under this measure is not confined to financing housing loans, but is empowered and authorized to go out into the field and buy up and secure any mortgage in existence in Canada.
Subtopic: CENTRAL MORTGAGE AND HOUSING CORPORATION- DISCOUNTING FACILITIES