January 21, 1957 (22nd Parliament, 5th Session)


Wallace Bickford (Wally) Nesbitt

Progressive Conservative

Mr. W. B. Nesbitt (Oxford):

Mr. Speaker, I should like to direct a question to the Minister of Finance. Is it correct that, by a recent order in council, the Bank of Canada has been ordered to revalue its bond portfolios on an amortized cost basis instead of a market value basis as formerly? If so, will the chartered banks be forced to do the same thing with respect to their portfolios of dominion and provincial bonds?

Topic:   FINANCE
Subtopic:   BANK OF CANADA
Full View