December 14, 1910 (11th Parliament, 3rd Session)

CON

Edmund Boyd Osler

Conservative (1867-1942)

Mr. OSLER.

I think the risks are infinitely greater than any benefit that could possibly accrue, assuming that all the hon. member for Jacques Cartier (Mr. Monk) says is right. I think there is only one way of checking this. It was discussed last year, and I thought the Finance Minister (Mr. Fielding) had agreed to it. That is to strictly limit the amount of capital. It was stated by the promoters of the Bill last year that probably in any district where they proposed to organize such a society, for a year, or, perhaps, two years, the deposits, all told, would not be more than $80,000.

Topic:   QUESTIONS.
Subtopic:   CO-OPERATIVE CREDIT SOCIETIES.
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