June 28, 1919 (13th Parliament, 2nd Session)

UNION

William Thomas White (Minister of Finance and Receiver General)

Unionist

Sir THOMAS WHITE (Minister of Finance) :

Negotiations for such a loan have been proceeding for some time past but are not yet concluded. Therefore, any announcement on the subject is premature. My hon. friend is no doubt aware that two years ago we floated in New York a loan of $100,000,000. That loan will mature in August next. The object of the negotiations now in progress is to provide funds to meet that maturity.

Topic:   $75,000,000 LOAN.
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