June 24, 1938 (18th Parliament, 3rd Session)

LIB

Thomas Vien

Liberal

Mr. VIEN:

Please do not. My hon.
friend cannot challenge my facts. He has had an opportunity to speak. I did not interrupt him, although I felt that he was wrong, inaccurate. I say that in view of the conflicting decisions of the courts, the superintendent urged these companies to come to parliament. He wanted to have the charter powers of these companies clarified. These small loan companies lending money in amounts below $500. could not carry these judgments to the Supreme Court of Canada. You cannot come to that court unless a sum of $2,000 or more is involved. The superintendent was not satisfied with the decision of the circuit court; he was not satisfied with the decision of the superior court.

Topic:   WAYS AND MEANS
Subtopic:   INDUSTRIAL LOAN AND FINANCE CORPORATION
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