March 29, 1954 (22nd Parliament, 1st Session)

LIB

Douglas Charles Abbott (Minister of Finance and Receiver General)

Liberal

Mr. Abbott:

I cannot give any blanket assurance that there are not other items or other matters in the cupboard or elsewhere that may have to be the subject of a vote such as this one. This is a write-off to

the consolidated deficit account that will be incurred upon the destruction of blank bonds, and is necessary in order to delete the costs from the books and in order that the balance in the blank bonds reserve account will reflect the true asset value of the account. It is essential to have an item such as this, as my hon. friend will appreciate. These bonds were printed and charged to this account, this blank bonds reserve account. Now, it is found they are not needed or they are no longer needed, so we are asking for authority to write them off.

Topic:   WAYS AND MEANS
Subtopic:   INTERIM SUPPLY
Full View