May 26, 1925 (14th Parliament, 4th Session)

UFA

Alfred Speakman

United Farmers of Alberta

Mr. SPEAKMAN:

But that is not the
point. The point is that the price paid by the board, on which the appreciation was based, was a cash price; and the price at which the board sold it at the resale was spread over a term of twenty-five years at a low rate of interest. And as I say, anyone who is familiar with transactions of this sort must know that if you buy for cash and sell on a long term at a low rate of interest you are bound to show an appreciation, and a considerable appreciation, unless values have gone completely down.

Topic:   SOLDIER SETTLEMENT ACT, 1919, AMENDMENT
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