September 11, 1950 (21st Parliament, 3rd Session)

LIB

Douglas Charles Abbott (Minister of Finance and Receiver General)

Liberal

Mr. Abbott:

Is not required to. My hon. friend will realize that under the Bank Act generally speaking banks are not entitled to lend on the security of real estate. This provision in the Farm Improvement Loans Act is an exception to the general law in that respect, and they take it as additional security.

Topic:   S82 HOUSE OF COMMONS
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