April 14, 1926 (15th Parliament, 1st Session)

CON

Charles Hazlitt Cahan

Conservative (1867-1942)

Mr. CAHAN:

Under present conditions an organization dealing in wheat, the wheat pool for instance, goes to a bank and gets credit on its notes, or sometimes by pledging its bills of lading and that sort of thing; it may also, under the Bank Act, get credit itself on its wheat. But, under the Bank Act, can any bank advancing credit on such assignments of bills of lading and securities of that kind get money from the Dominion government on those very same securities?

Topic:   QUESTIONS
Subtopic:   NATIONAL SYSTEM OF BANKING
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