March 17, 1971

FINANCE

INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA

LIB

James (Jim) Gordon Lind

Liberal

Mr. J. G. Lind (Middlesex):

Mr. Speaker, I wondering whether the Minister of Finance could prevail on the Governor of the Bank of Canada to investigate the increase in service charges by the banks and ascertain whether it is necessary in view of the huge profits they are making to the detriment of the citizens of Canada?

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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?

Some hon. Members:

Hear, hear!

March 17, 1971

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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LIB

Edgar John Benson (Minister of Finance)

Liberal

Hon. E. J. Benson (Minister of Finance):

Mr. Speaker, it is nice that hon. members opposite should urge you to recognize more members on this side of the House.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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?

Some hon. Members:

Hear, hear!

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Order, please. The minister has the floor for the purpose of replying to the hon. member's supplementary question.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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LIB

Edgar John Benson (Minister of Finance)

Liberal

Mr. Benson:

I was attempting to do that. If Mr. Speaker recognized more members on this side of the House we would get more intelligent questions. The answer to the question is that I do not think it is within the power of the Governor of the Bank of Canada.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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PC

Donald MacInnis

Progressive Conservative

Mr. Maclnnis:

Mr. Speaker, I rise on a question of privilege. I know it may be embarrassing to the Chair, but the Minister of Finance has just reflected on the Chair and the decorum of the House. He should not do that.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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LIB

Edgar John Benson (Minister of Finance)

Liberal

Mr. Benson:

If I have, Mr. Speaker, I apologize. I still think it was a good suggestion.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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PC

George Harris Hees

Progressive Conservative

Mr. Hees:

Apologize to the Speaker.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Orders of the day.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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PC

Robert Simpson

Progressive Conservative

Mr. Simpson:

I rise on a question of privilege, Mr. Speaker. I have been endeavouring to catch Your Honour's eye since the start of the question period. In view of the minister's reply to a question yesterday, I feel that my question requires an answer today.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Order, please. That is not a question of privilege. The hon. member is not the only one who sought the recognition of the Chair. If all hon. members seek to be recognized during the question period, obviously some will not have the opportunity to do so. I bring to the attention of hon. members that when we have three, four, five or six supplementaries to a question, this is the end result. Hon. members do not have an opportunity to ask their questions. The hon. member has suggested to the Chair and the House that he has a very urgent question to ask. The Chair has no objection if the House will allow the member to ask the question.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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?

Some hon. Members:

Agreed.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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?

Some hon. Members:

No.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

I regret that there does not appear to be agreement. I will undertake to recognize the hon. member immediately at the beginning of the question period tomorrow.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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PC

Robert Simpson

Progressive Conservative

Mr. Simpson:

Further to the point of privilege, Mr. Speaker, as a result of the roster system the question will not be applicable tomorrow because the minister will not be here.

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Orders of the day.

Consumer Packaging and Labelling Act

Topic:   FINANCE
Subtopic:   INCREASE IN CHARTERED BANK CHARGES ON CURRENT ACCOUNTS-INVESTIGATION BY BANK OF CANADA
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GOVERNMENT ORDERS

March 17, 1971