March 20, 1941 (19th Parliament, 2nd Session)

LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

If the hon. member will permit a question, while I do not think this is really the occasion for a protracted debate on monetary policy, may I ask if he is advocating the adoption of the 100 per cent system, plus borrowing from the Bank of Canada instead of from the commercial banks? Does he advocate that as the financial policy of the government?

Topic:   WAR APPROPRIATION BILL
Subtopic:   PROVISION FOR GRANTING TO HIS MAJESTY AID FOR NATIONAL DEFENCE AND SECURITY
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