June 4, 1917 (12th Parliament, 7th Session)

CON

William Thomas White (Minister of Finance and Receiver General)

Conservative (1867-1942)

Sir THOMAS WHITE:

If the province thinks that the advantage accruing to the farmer from opportunity to borrow on his product, as the manufacturer borrows on his product, does not more than counterbalance the other interests affected, they will pass the legislation. We will leave it to the province to determine whether notice shall be given or not. If the province determines that this lien may not be filed, the responsibility, it seems to me, is theirs, for their jurisdiction covers this subject. All chattel mortgage legislation, so far as I am aware, is legislation of the provinces, not of the Dominion. If there is any better way to overcome the difficulty than this that I have suggested, I shall be only too glad to hear of it when the Bill is in Committee of the Whole, or better still, when it is before the Committee on Banking on Commerce. We are seeking to meet a situation in which the farmer engaged in the all-important subject of live-stock raising is vitally interested.

Topic:   QUESTIONS.
Subtopic:   BANK ACT AMENDMENT.
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