May 17, 1909 (11th Parliament, 1st Session)


John Gillanders Turriff


Mr. J. G. TURRIFF (Assiniboia).

Before you leave the Chair, I would like to ask a question of the hon. the Minister of Finance with reference to getting rid of American silver coinage in Canada. Some time ago an effort was made to that end by giving the banks a small bonus, a small percentage to gather up the American coinage and ship it back to the United States. In the United States they gather our silver coinage and send it back to us, they do not allow it to circulate there. I understand that if the American silver was got rid of in Canada, we would make a profit of somewhere about half a millionk dollars, at the present prices of silver, in coining. Canadian silver and putting it into circulation. I would ask the Minister of Finance if any steps are being taken, or proposed to be taken, to get rid of this American silver.

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