April 7, 1949 (20th Parliament, 5th Session)

PC

William Alexander McMaster

Progressive Conservative

Mr. McMasier:

This is the result of a government guarantee. I have seen statements of this Canadian export company for some years. What surprises me is the low rate they have charged private exporters for their guarantee. As I recall it, the amount was infinitesimal- 002 or something like that. The result is that the Canadian export credit company have no surplus at all. Practically all the money they got in was from interest on bonds which they had purchased from the government. This is a large amount. I should like to know from the minister what rate they charged exporters to guarantee private people's exports.

Topic:   DEPARTMENT OF TRADE AND COMMERCE
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