Mr. W. B. Nesbitt (Oxford):
Mr. Speaker, I should like to direct a question to the Minister of Finance. Is it correct that, by a recent order in council, the Bank of Canada has been ordered to revalue its bond portfolios on an amortized cost basis instead of a market value basis as formerly? If so, will the chartered banks be forced to do the same thing with respect to their portfolios of dominion and provincial bonds?
Subtopic: BANK OF CANADA
Sub-subtopic: REVALUATION OF BOND PORTFOLIOS