Frank Thomas STANFIELD

STANFIELD, Frank Thomas, B.Comm.

Personal Data

Party
Progressive Conservative
Constituency
Colchester--Hants (Nova Scotia)
Birth Date
February 25, 1903
Deceased Date
July 2, 1967
Website
http://en.wikipedia.org/wiki/Frank_Thomas_Stanfield
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=48e8779e-92d9-4a3f-9643-cc4aa0d25b93&Language=E&Section=ALL
Profession
industrialist

Parliamentary Career

June 11, 1945 - April 30, 1949
PC
  Colchester--Hants (Nova Scotia)
June 27, 1949 - June 13, 1953
PC
  Colchester--Hants (Nova Scotia)

Most Recent Speeches (Page 3 of 19)


June 23, 1951

Mr. Stanfield:

I should like to ask the

minister just how blind a person has to be in order to qualify for the blind pension?

Topic:   BLIND PERSONS ACT
Subtopic:   PROVISION FOR AGREEMENTS WITH PROVINCES- PAYMENTS AT AGE 21
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June 20, 1951

Mr. Stanfield:

The government may not

have given an undertaking, but when a great many people bought victory bonds they were given the assurance by those selling them and by the banks in general that they would always be honoured at 100 cents on the dollar.

Topic:   PRIVY COUNCIL OFFICE
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June 20, 1951

Mr. Stanfield:

Are the minister and his

department thinking of taking any steps to support the price of dominion government bonds? I realize that there are many difficulties in the way of doing so, but at the same time many people when they bought those bonds were told that they could always get 100 cents on the dollar for them. I realize also that if they hold them to maturity they will get 100 cents on the dollar, but not everyone is able to hold his bonds. There are many small investors who for some reason or other find it necessary to sell $100 or $500 or $5,000 of their bonds. When they go to the bank and find the bond quoted at 96 or 97 or perhaps 98, they immediately wonder why they cannot get par for it. In fairness to those people who were told that Canadian government

Supply-Finance

bonds would always be worth 100 cents on to these bonds. Having established that the dollar I believe those who have to turn principle I should not think the minister is in their bonds for one reason or another in quite as good a position to back away as should be able to get their face value. he seems to think he is.

Topic:   PRIVY COUNCIL OFFICE
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June 20, 1951

Mr. Stanfield:

Oh, yes, you did.

Topic:   PRIVY COUNCIL OFFICE
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June 20, 1951

Mr. Stanfield:

I should like to point out to the minister that a lot of people borrowed money from the banks at that time to buy those bonds. They were encouraged to buy the bond and they borrowed from the bank or anyone at all. They always thought they could get 100 cents on the dollar for them. I do not believe it is fair now when people have to turn in a $100 bond they only get $96. I believe they should be given a 3J per cent bond in exchange for their present bond so they would get 100 cents on the dollar. It is not right for the government to allow the people to take a depreciation on their bonds. I do not think it is good faith or good business.

Topic:   PRIVY COUNCIL OFFICE
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