March 26, 1979 (30th Parliament, 4th Session)

LIB

Anthony Chisholm Abbott (Minister of National Revenue)

Liberal

Mr. Abbott:

Mr. Speaker, thanks to modifications in the Small Businesses Loans Act, double the amount of loans were made in 1978 over 1977. The rate is increasing again this year and I expect that it will be double again by the end of 1979. The Federal Business Development Bank loaned over $600 million last year, which was well in excess of the money loaned the previous year.
I can assure the hon. member that the instruments of the government provided for small business in the way of loans under the Small Businesses Loans Act and the Federal Business Development Bank Act are being taken up with great enthusiasm. There is a lot of optimism out there, contrary to the gloom and doom which the hon. member is trying to purvey.
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Topic:   ORAL QUESTION PERIOD
Subtopic:   NUMBER OF BANKRUPTCIES-GOVERNMENT ACTION TO REDUCE
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