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

LIB

Mitchell William Sharp (Minister of Finance and Receiver General)

Liberal

Mr. Sharp:

Mr. Speaker, the reason is that this is a new bank and we do consider it most important that we should encourage new Canadian owned banks to establish in business. This is done under the provisions of the Bank Act and, indeed, under the provisions of the special act that was approved by this house establishing the Bank of Western Canada.

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