John Charles LANDERYOU

LANDERYOU, John Charles

Personal Data

Party
Social Credit
Constituency
Calgary East (Alberta)
Birth Date
April 2, 1905
Deceased Date
July 26, 1982
Website
http://en.wikipedia.org/wiki/John_Landeryou
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=26174277-d040-4306-a5bc-d5c8b4c96097&Language=E&Section=ALL
Profession
chef

Parliamentary Career

October 14, 1935 - January 25, 1940
SC
  Calgary East (Alberta)

Most Recent Speeches (Page 1 of 166)


April 27, 1950

Mr. Landeryou:

The credit they use to purchase

these bonds is not the bank deposits or the savings of the people, it is a credit created by the bank?

Topic:   THE BUDGET
Subtopic:   ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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April 27, 1950

Mr. Landeryou:

Yes. Now the same thing holds true when the municipality or the province goes to a bank?

Topic:   THE BUDGET
Subtopic:   ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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April 27, 1950

Mr. Landeryou:

Or when a private person goes to a bank.

Topic:   THE BUDGET
Subtopic:   ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
Full View Permalink

April 27, 1950

Mr. Landeryou:

Do you use the people's savings to purchase that bond?

Topic:   THE BUDGET
Subtopic:   ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
Full View Permalink

April 27, 1950

Mr. Landeryou:

Yes, but X cannot get the question over to you. X am not suggesting that there is not a $1,000 bond behind the deposit. It may be in the bank. But in the first instance, when the government delivers a $1,000 bond to the bank what does the bank use to purchase it with? Is that the creation of additional money?

Topic:   THE BUDGET
Subtopic:   ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
Full View Permalink