October 27, 1967

SUPPLEMENTARY ESTIMATES (B), 1967-68


A message from His Excellency, the Governor General transmitting supplementary estimates (B) for the financial year ending March 31, 1968, was presented by Hon. Mitchell Sharp (Minister of Finance), read by Mr. Speaker to the house, and referred to the committee of supply. [DOT] (11:10 a.m.)


INTEREST ACT

PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES

LIB

James Elisha Brown

Liberal

Mr. J. E. Brown (Brantford) moved

for leave to introduce Bill No. C-174, to amend the Interest Act.

Topic:   INTEREST ACT
Subtopic:   PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES
Permalink
?

Some hon. Members:

Explain.

Topic:   INTEREST ACT
Subtopic:   PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES
Permalink
LIB

James Elisha Brown

Liberal

Mr. Brown:

Mr. Speaker, the purpose of this bill is to limit the rate of interest that may be charged on mortgages of real estate in Canada. At the present time the great mass of the population are finding it increasingly difficult to acquire homes of their own, to a large extent because of the very high rates of interest that prevail across the country on mortgages of real estate, something that should not be necessary so far as secured creditors are concerned.

This bill is merely an attempt by a member of this house to amend the Interest Act to deal with the situation. Mortgages of real estate in which the principal moneys are made payable to the government of Canada or any crown corporation have had to be exempted from the provisions of the bill in order that a private member of parliament may not be barred by law from introducing the legislation.

I am sure the house will welcome an opportunity, brief though it may be, to have a discussion on the bill as a whole. This is an attempt to discipline a wayward economy-

Topic:   INTEREST ACT
Subtopic:   PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES
Permalink
PC

Michael Starr (Leader of the Official Opposition; Official Opposition House Leader; Progressive Conservative Party House Leader)

Progressive Conservative

Mr. Siarr:

Have the Minister of Labour speak up.

Topic:   INTEREST ACT
Subtopic:   PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES
Permalink
LIB

Lucien Lamoureux (Speaker of the House of Commons)

Liberal

Mr. Speaker:

Order, please.

Topic:   INTEREST ACT
Subtopic:   PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES
Permalink
LIB

James Elisha Brown

Liberal

Mr. Brown:

Thank you, Mr. Speaker.

Motion agreed to and bill read the first time.

Topic:   INTEREST ACT
Subtopic:   PROPOSED LIMITATION OF RATE CHARGED ON REAL ESTATE MORTGAGES
Permalink

CANADIAN BILL OF RIGHTS

AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE

LIB

Jean-Eudes Dubé

Liberal

Mr. Jean-Eudes Dube (Resligouche-Madawaska) moved

for leave to introduce Bill No. C-175, to amend the Canadian Bill of Rights with respect to official languages.

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
?

Some hon. Members:

Explain.

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
LIB

Jean-Eudes Dubé

Liberal

Mr. Dube:

Mr. Speaker, the Canadian Bill of Rights is silent on the right of Canadian citizens to use both official languages. It appears highly desirable that Canadian citizens feel at home from coast to coast, and the purpose of this bill is to ensure that they be in a position to use either the English or the French language throughout the land. It is not the purpose of this bill to compel anyone to speak two languages, but to declare the practical equality of both languages. It is but one step in the direction of Canadian unity.

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
LIB

Lucien Lamoureux (Speaker of the House of Commons)

Liberal

Mr. Speaker:

Has the hon. member leave to introduce the said bill?

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
?

Some hon. Members:

Agreed.

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
LIB

Lucien Lamoureux (Speaker of the House of Commons)

Liberal

Mr. Speaker:

Is it the pleasure of the house to adopt the said motion?

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
LIB

Ralph Bronson Cowan

Liberal

Mr. Cowan:

Mr. Speaker, I object to first reading.

Motion agreed to and bill read the first time.

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink
LIB

Ralph Bronson Cowan

Liberal

Mr. Cowan:

I object to this first reading, I will object to second reading, and I will object to third reading.

Topic:   CANADIAN BILL OF RIGHTS
Subtopic:   AMENDMENT RESPECTING USE OF EITHER OFFICIAL LANGUAGE
Permalink

October 27, 1967