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

LIB

Walter Edward Harris (Minister of Finance and Receiver General; Leader of the Government in the House of Commons; Liberal Party House Leader)

Liberal

Mr. Harris:

Mr. Speaker, I do not have in mind the particular phraseology used by the governor of the Bank of Canada but I agree that although the purpose was to apply credit restrictions to long-term loaning, nevertheless I think that the governor of the Bank of Canada would not want the application of any policy to be such that one could say there was rank discrimination in any particular form of credit granting.

Topic:   POSSIBLE CONFLICT BETWEEN CREDIT RESTRICTIONS AND HOUSING LOANS
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