March 10, 1944 (19th Parliament, 5th Session)

NAT

Howard Charles Green

National Government

Mr. H. C. GREEN (Vancouver South):

Mr. Speaker, this bill setting up an industrial development bank is a very important one. I believe it may be of great help to Canada at the present time, and also that it may be of much assistance in dealing with our post-war problems, which, as all hon. members must know, will be very difficult ones. There are several thoughts, however, which I should like to express in connection with the bill, and which I would place before the ministry and before hon. members in the hope that they will be of some help to the banking and commerce committee when it considers the bill section by section, and will also be of some help to hon. members when the bill returns from that committee.
It does seem to me that this bank might easily become a political one. It could be used for political purposes. I am not for a moment suggesting that that would be done, but it is a thought which should be kept in mind not only by the present government, but more particularly by members of my own party, the Progressive Conservative party. I say that because I believe that they are the people who will have to administer this measure in the very near future.

Topic:   INDUSTRIAL DEVELOPMENT BANK
Subtopic:   PROVISION OF ADDITIONAL CREDIT FACILITIES FOR FIXED AND WORKING CAPITAL
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