June 2, 1939 (18th Parliament, 4th Session)

LIB

Jean-François Pouliot

Liberal

Mr. POULIOT:

My remarks on this bill
will be brief. What I regret is that we have left the road that was followed by previous ministers of finance until 1930. I wonder if hon. members who were in the house at that time have kept the report of the banking and commerce committee which was brought down when Mr. Robb was Minister of Finance. Of course, high finance must be based upon common sense like anything else, and what I regret very deeply is that during these last years certain professors of economics and political science have been splitting hairs in their use of jargon-for instance, with regard to the flexibility of currency and things of that sort- arid now our financial legislation is in an absolute mess just because political science has been -regarded as objective when it is only subjective, and absolute when it is only relative. With the exception of the Minister of Justice, there is no man for whom, until 1930, I had a greater regard than the Minister of Finance, and for a very good reason. A mutual friend, whose friendship did me honour, and who knew him very well, told me a good deal about the hon. gentleman, and in fact I owed much to the Minister of Finance for all he did as Minister of Railways in helping me in many ways in having certain essential work done along the railway line in Temis-couata county.

Topic:   CENTRAL MORTGAGE BANK
Subtopic:   PROVISION FOR INCORPORATION, PURCHASE OF SHARES, GUARANTEE OF DEBENTURES, ETC.
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