March 25, 1938 (18th Parliament, 3rd Session)

LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

They were in the form of futures at that time, as was reported to the house a year ago in discussing this matter. The wheat committee of the cabinet, in conference with the wheat board, suggested that under the circumstances it would be desirable not to dispose of this amount of wheat futures, but that it would be desirable in the national interest, because of the very clear need that we could foresee for this spring, gradually to turn those futures into cash wheat of a kind suitable for sowing in the west this year and to hold it available for that purpose instead of continuing to sell it. That was done, and therefore the two governments of Saskatchewan and Alberta will be able to secure from the wheat board the wheat supplies necessary for the purpose and covered by the guarantee which we now have under consideration.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
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