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
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