February 5, 1937 (18th Parliament, 2nd Session)

LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

As a matter of fact that has yet to be worked out-the precise cutoff date-because the measure as at present drawn is based upon a continuous operation with power to the government to terminate at any time the guaranteeing of further
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Home Improvement Loans

moneys. Further on in the bill will be found a clause relating to power of regulation, and among the matters to be regulated are the proceedings in the event of default, which . regulations are now in process of being worked out. The leader of the opposition the other day raised a point with respect to the continuing of guarantee in case of default. That has been looked into since, and in order to make matters doubly sure the Department of Justice has supplied me with an amendment which I think will clarify the point. However, I think we shall reach that later on.

Topic:   HOME IMPROVEMENT LOANS
Subtopic:   PROVISION TO ENCOURAGE REPAIR OF RURAL AND URBAN DWELLINGS
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