Hon. Donald M. Fleming (Minister of Finance):
Mr. Speaker, yesterday at five p.m. the books were opened on an issue of $300 million of C.N.R. bonds guaranteed by the Canadian government. This is the largest bond issue in the history of the Canadian National Railways. I am happy to report that the issue was heavily oversubscribed and the books were closed immediately. Fractional allotments are now being made against the subscriptions.
This firm expression of public confidence in Canada's financial strength is deeply gratifying and I am sure it will also be pleasing to all members of this house.
Subtopic: ANNOUNCEMENT OF OVERSUBSCRIPTION OF $300 MILLION CANADIAN NATIONAL RAILWAYS BOND ISSUE