Hon. J. A. ROBB (Minister of Finance) moved that the House go into committee at the next sitting to consider the following proposed resolution:
Resolved, that it is expedient to bring in a measure to authorize the raising, iby way of loan, under the provisions of the Consolidated Revenue and Audit Act, by the issue and sale or pledge of securities of Canada such sum or sums of money as may be required, not to exceed in the whole the sum of one hundred and fifty million dollars, for paying or redeeming or otherwise retiring the whole or any portion of loans or obligations of Canada and for public works and general purposes, the principal and interest to be a charge upon and payable out of the consolidated revenue fund.
He said: His Excellency the Governor
General, having been made acquainted with the subject matter of this resolution, recommends it to the favourable consideration of the House.