April 2, 1935

CON

Pierre Édouard Blondin (Speaker of the Senate)

Conservative (1867-1942)

Mr. SPEAKER:

Some disposition should

be made of the motion; I think the debate should be adjourned.

Topic:   INDUSTRIAL AND INTERNATIONAL RELATIONS
Subtopic:   MOTION FOR CONCURRENCE IN COMMITTEE'S REPORT RESPECTING PENSIONS FOR THE BLIND
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LIB

Ernest Lapointe

Liberal

Mr. LAPOINTE:

I move that the debate

be adjourned.

Motion agreed to and debate adjourned.

Topic:   INDUSTRIAL AND INTERNATIONAL RELATIONS
Subtopic:   MOTION FOR CONCURRENCE IN COMMITTEE'S REPORT RESPECTING PENSIONS FOR THE BLIND
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POST OFFICE ACT AMENDMENT


Mr. T. L. CHURCH (East Toronto) moved for leave to introduce Bill No. 50, to amend the Post Office Act (newspaper ownership).


?

Some hon. MEMBERS:

Carried.

Motion agreed to and bill read the first time.

Topic:   POST OFFICE ACT AMENDMENT
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QUESTIONS


(Questions answered orally are indicated by an asterisk.)


UNEMPLOYMENT RELIEF-CONTRIBUTIONS TO ONTARIO

LIB

William Pate Mulock

Liberal

Mr. MULOCK:

What contributions, if any, did the dominion government give to the province of Ontario for relief expenditures in each of the months of July to December inclusive, 1933, the month of January, 1934; the months of July to December inclusive, 1934; the month of January, 1935?

Topic:   QUESTIONS
Subtopic:   UNEMPLOYMENT RELIEF-CONTRIBUTIONS TO ONTARIO
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CON

George Gordon

Conservative (1867-1942)

Mr. GORDON:

On Monday last I informed the hon. member for North York (Mr. Mulock) that the form of his question had caused some delay in view of the difficulty in allocating to any month the amount of money which had been contributed in respect of expenditures during any particular month.

The fact is, the contributions of the dominion government consist not only of the payments made but also of the commitments to the province by the dominion government, that is to say, the dominion government agrees to contribute a certain sum of money to the province for a specified purpose or work and at a certain period may have received accounts for only part of the amount and, therefore, have only paid or contributed a portion of the amount, although still liable and ready to pay the balance on receipt of accounts.

A considerable time frequently elapses between the date of the actual expenditure and the date that accounts are received by the department from the province, and when an account is received it may cover a longer period than one month and it may not be possible for bills for materials and things of that character to be divided up to show actual disbursements applicable to any particular month.

A statement of the accounts paid by the dominion is not necessarily a complete picture regarding dominion contributions, as many of the payments made are in respect to accounts for which claims have yet to be rendered. With these reservations, which I trust the hon. member for North York will appreciate, I am making a return showing the payments made to the province of Ontario.

The following are the payments made to the province of Ontario by the dominion during the months indicated:

July, 1933 $ 613,516 65

August, 1933

1,321,617 96September, 1933

969,436 82October, 1933

1,451.639 07November, 1933

485,902 26December, 1933

1,196.806 93January, 1934

1,337,678 87July, 1934

2,312.052 30

Questions

August, 1934

911,624 63September, 1934

656,229 15October, 1934

2,206,517 04November, 1934

822,635 24December, 1934

1,836,927 08January, 1935

2,216,915 27

Topic:   QUESTIONS
Subtopic:   UNEMPLOYMENT RELIEF-CONTRIBUTIONS TO ONTARIO
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GOLD TRANSFERRED TO BANK OF CANADA

LIB

Mr. MACKENZIE (Vancouver):

Liberal

1. What amount of gold' was taken over by the Bank of Canada from each chartered bank separately?

2. What was the total value of the gold taken over from each bank separately?

Topic:   QUESTIONS
Subtopic:   GOLD TRANSFERRED TO BANK OF CANADA
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CON

Edgar Nelson Rhodes (Minister of Finance and Receiver General)

Conservative (1867-1942)

Mr. RHODES:

1.

Bank Amount

Barclays Bank (Canada) $ 10,482 23The Canadian Bank of Commerce

13,182,326 77The Dominion Bank

804,495 53Imperial Bank of Canada. 218,220 98Bank of Montreal

13,043,245 93Banque Canadienne Nationale 419,002 56 The Bank of Nova Scotia. .. 6,546,338 19

La Banque Provinciale du

Canada

40.350 86The Royal Bank of Canada. .. 2,382,087 24The Bank of Toronto

833,854 172. The value at $20.67 a fine ounce, which is the basis of valuation for gold in Canada as established by the Currency Act, is shown in answer No. 1.

Topic:   QUESTIONS
Subtopic:   GOLD TRANSFERRED TO BANK OF CANADA
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LIB

Mr. MACKENZIE (Vancouver):

Liberal

1. Has the gold formerly in possesion of the chartered banks been transfered to the Bank of Canada?

2. If so. how much has been transferred?

3. At what valuation?

Topic:   QUESTIONS
Subtopic:   GOLD TRANSFERRED TO BANK OF CANADA
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CON

Mr. RHODES: (Minister of Finance and Receiver General)

Conservative (1867-1942)

1. Yes, as to gold held in Canada.

2. S37,480,404.46.

3. $20.67 a fine ounce.

Topic:   QUESTIONS
Subtopic:   GOLD TRANSFERRED TO BANK OF CANADA
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PERCENTAGE DEPOSITS TRANSFERRED TO BANK OF CANADA

LIB

Mr. MACKENZIE (Vancouver):

Liberal

1. What was the total amount transferred to Bank of Canada by way of percentage deposits of the chartered banks?

2. When was such transfer made?

Topic:   QUESTIONS
Subtopic:   PERCENTAGE DEPOSITS TRANSFERRED TO BANK OF CANADA
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CON

Edgar Nelson Rhodes (Minister of Finance and Receiver General)

Conservative (1867-1942)

Mr. RHODES:

1 and 2.

Section 27 of the Bank of Canada Act requires that on and after the day of commencement of business by the Bank of Canada (e.g., March 11, 1935), every chartered bank shall maintain a reserve of not less than 5 per cent of its deposit liabilities within Canada, such reserve to consist of a deposit with the bank and of notes of the bank held

by tlhe chartered bank. The act requires that the return to be made by each bank in this connection shall be made to the Bank of Canada and the time for filing the first return has not yet arrived.

Total deposits of the chartered banks with the Bank of Canada were 8151,927,627 on March 13th, the date of the first weekly statement of the bank. At Eelbruary 28th, the date of the last return 'from the chartered banks, their deposit liabilities within Canada amounted to $1,944,561,287.

Topic:   QUESTIONS
Subtopic:   PERCENTAGE DEPOSITS TRANSFERRED TO BANK OF CANADA
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CANADIAN FARM LOAN ACT

LIB

Paul-Arthur Séguin

Liberal

Mr. SEGUIN:

Will the $90,000,000 proposed in connection with the Canadian Farm Loan Act be allotted to each province on a basis of population?

Topic:   CANADIAN FARM LOAN ACT
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April 2, 1935