February 7, 1967 (27th Parliament, 1st Session)

NDP

Thomas Clement (Tommy) Douglas

New Democratic Party

Mr. T. C. Douglas (Burnaby-Coquillam):

supplementary question to the Minister of Finance with reference to the Treasury Board minute which extended the 10 per cent ownership provision prescribed in the legislation, thereby giving the B.I.F. group the right to own over 50 per cent of the shares for a period up until 1977.
May I ask the minister why this 10 per cent limitation was extended by the minister in the case of the B.I.F. group through the Treasury Board minute.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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