May 8, 1931 (17th Parliament, 2nd Session)

CON

Richard Bedford Bennett (Prime Minister; Minister of Finance and Receiver General; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Mr. BENNETT:

The reason I did not go into the details of that was that some of them are somewhat complicated, and it would be better just to make the general statement: twenty-five years from the date of the maturity of the present obligations, callable at the end of fifteen years. That is, during the last ten years of the life of the new bonds the government has the opportunity of calling them in.

Topic:   DOMINION CONVERSION LOAN
Subtopic:   STATEMENT BY PRIME MINISTER OF EXCHANGE PRIVILEGES OFFERED TO HOLDERS OF GOVERNMENT BONDS
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