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

CON

Hugh Boulton Morphy

Conservative (1867-1942)

Mr. MORPHY:

I speak of what it is in the larger centres; I do not know what it is- in the West. This Bill is not for the benefit of large ranchers alone. We have thousands of farmers who cannot to-day

borrow a dollar on their livestock without too much expense for the small sum involved. The result is that the curb broker gets the benefit in large rates of interest. There is one feature of the Bill that, it occurred to me, should be considered. If there is no registration, it will be a serious thing in the case of farmers having different bank accounts. While farmers, as a class, are extremely honest, once in a while one crops up who is not above attempting a fraud, and, unless there is protection for the lending bank, he may deal with two or three banks. So, I think there should be some provision for filing.

Topic:   QUESTIONS.
Subtopic:   BANK ACT AMENDMENT.
Full View