That is exactly what we have been saying. My hon. friend from North Simcoe (Mr. Currie) would give the impression that this legislation would be a panacea, that under it the farmer will get all the money he wants from the bank. I do not believe that at all. To-day the bank that is prepared to loan to a farmer bases its loan upon personal credit rather than anything else. While the banks have regard to the prosperity of the farmer, they consider particularly his reputation for honesty and industry. We ought to be very careful when we seek to alter, as we now propose to do, the provincial laws with regard to a bill of sale. We must avoid interfering with the farmer getting credit in other directions. It is very important for the farmer in my own province, and I suppose the same is tiue elsewhere, to be able to get credit with others besides the banks. The man who buys "Stock from another farmer often gives his note for the stock. He needs credit with the storekepeer for flour, sugar, clothing, and other articles. If people know that a law has been brought into force under which a lien may be given to the banks without notice, I am afraid it will have the effect of curtailing the farmer's credit among other people from whom it is necessary for him to borrow in order to get along comfortably. The Minister of Finance is making a law which may be of benefit to the large farmers, but he does not confine it to this class but makes it apply to even the smallest farmers anywhere in Canada.
The minister himself recognizes by his Bill that it is desirable to give notice because he says: after the provincial legislatures have made provision for the filing of the mortgage-
Subtopic: BANK ACT AMENDMENT.