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

SC

René-Antoine Pelletier

Social Credit

Mr. PELLETIER:

The minister gave an example of a person who had a mortgage on a $5,000 home and was in arrears with his interest payments for three years. He stated that according to the bill eighty per
cent of the original mortgage would be the amount which would then become the principal.

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