May 30, 1940 (19th Parliament, 1st Session)

LIB

James Layton Ralston (Minister of Finance and Receiver General)

Liberal

Mr. RALSTON:

I inquired whether there was any more information available, but I cannot give more than appears. There is a possibility of the refunding of roughly 8326,000,000 up to March 31, 1941; that is, if that callable issue is actually called in October. The balance may be used for refunding other issues that may be made in the meantime, or it may be used for deficits. I may repeat what I said last night with regard to public works. It may not be used for public works unless public works are voted, except that with regard to public works which might come under defence works and which are not the subject of specific estimates, it might be used for that purpose.

Topic:   MUNITIONS AND SUPPLY
Subtopic:   LOAN OF $750,000,000 TO MEET LOANS OR OBLIGATIONS, TO PURCHASE UNMATURED SECURITIES, AND FOR PUBLIC WORKS AND GENERAL PURPOSES
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