Charles Avery DUNNING

DUNNING, The Hon. Charles Avery, P.C.

Personal Data

Party
Liberal
Constituency
Queen's (Prince Edward Island)
Birth Date
July 31, 1885
Deceased Date
October 1, 1958
Website
http://en.wikipedia.org/wiki/Charles_Avery_Dunning
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=b7bab241-2a80-47dc-b8e0-c1334a0b5abb&Language=E&Section=ALL
Profession
farmer

Parliamentary Career

March 16, 1926 - July 2, 1926
LIB
  Regina (Saskatchewan)
  • Minister of Railways and Canals (March 1, 1926 - June 28, 1926)
September 14, 1926 - May 30, 1930
LIB
  Regina (Saskatchewan)
  • Minister of Railways and Canals (September 25, 1926 - November 25, 1929)
  • Minister of Railways and Canals (November 26, 1929 - December 29, 1929)
  • Minister of Finance and Receiver General (November 26, 1929 - August 6, 1930)
November 2, 1926 - May 30, 1930
LIB
  Regina (Saskatchewan)
  • Minister of Railways and Canals (September 25, 1926 - November 25, 1929)
  • Minister of Railways and Canals (November 26, 1929 - December 29, 1929)
  • Minister of Finance and Receiver General (November 26, 1929 - August 6, 1930)
December 30, 1935 - January 25, 1940
LIB
  Queen's (Prince Edward Island)
  • Minister of Finance and Receiver General (October 23, 1935 - September 5, 1939)

Most Recent Speeches (Page 2 of 3189)


June 3, 1939

Mr. DUNNING:

The maximum now in these central provinces is as high as 7 per cent.

Topic:   PROVISION FOR INCORPORATION, ETC.-CONSIDERATION OF SENATE AMENDMENTS
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June 3, 1939

Mr. DUNNING:

Certainly.

Topic:   PROVISION FOR INCORPORATION, ETC.-CONSIDERATION OF SENATE AMENDMENTS
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June 3, 1939

Mr. DUNNING:

I put it as an outside figure.

Topic:   PROVISION FOR INCORPORATION, ETC.-CONSIDERATION OF SENATE AMENDMENTS
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June 3, 1939

Mr. DUNNING:

I may be forgiven, then, for presuming that the silence opposite on the

(Mr. Coldwell.]

part of hon. members of the Conservative party gives consent to the case as put forward by the hon. member for St. Lawrence-St. George. I just wish to refer briefly to the argument that we should go ahead with the farm relief, that as a country we should compensate mortgagees to the extent of fifty per cent of their losses in connection therewith, but that we should relieve these same mortgagees of the obligation, which the bill passed by this house placed upon them, to extend some relief on their own account to the urban mortgagors of this country. That is the issue.

The saving to the treasury by this amendment, if we accepted it, would not, in my opinion, amount to more than 810,000,000. But can anyone count the saving to urban mortgagors which would be represented by the reduction of their interest rate to five and a half per cent? The hon. member for St. Lawrence-St. George says that most of the mortgages in this part of Canada are held by individuals and not by institutions. If my memory serves me rightly, the figures given in our own banking and commerce committee, of urban mortgages held by institutions represented before that committee, so far as these central provinces are concerned, were in the neighbourhood of $130,000,000, a very large proportion of which would be eligible for reduction in interest, which reduction, under the terms of the bill as it left this house, would be given by and at the expense of the mortgage institutions and not by and at the expense of the federal treasury. The federal treasury would only enter to bear its proportion of the loss represented by adjustments as a result of depreciated values and the other features of the bill along that line.

Mr. STEV.ENS: Would the minister permit a question?

Topic:   PROVISION FOR INCORPORATION, ETC.-CONSIDERATION OF SENATE AMENDMENTS
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June 3, 1939

Mr. DUNNING:

On page 7, line 35 of

the bill. Amendment No. 10 is on page 9, line 9: after the word "other" insert the word "lawful." I agree with that.

Amendment No. 11, is on page 9, lines 47 and 48: leave out "and dividends accumulated."

Amendment No. 12, is on page 10, lines 1 to 4 inclusive: leave out "together with such other provisions as the governor in council deems necessary to give effect to the provisions of this act according to their true intent, meaning and spirit." Those words are left out, and by another senate amendment, No. 13, a new subclause 3 of clause 16 is inserted on page 10, line 13, being exactly the language of the amendment deleted from its former position.

Amendment No. 14, is on page 11, line 20: after the word "adjusted" insert "or to be adjusted." There is no disagreement with that.

Amendment No. 16, is on page 11. line 24: add at the end of clause 19 the following:

except in cases where the debtor has refused to agree to the adjustment of the mortgage or where any other person whose consenting to the adjustment is necessary has refused to consent.

This covers a point which was discussed in our own House of Commons banking and commerce committee, and I have no objection to the amendment.

These are the particulars, Mr. Speaker, of the amendments with which we might agree, and I accordingly move the resolution as read.

Topic:   PROVISION FOR INCORPORATION, ETC.-CONSIDERATION OF SENATE AMENDMENTS
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