I notice in the press an item stating

that the government proposes to put out a new loan. Perhaps the Minister of Finance (Mr. Dunning) would like to give the house some particulars-if not to-day, to-morrow-regarding it.

Hon. CHARLES A. DUNNING (Minister of Finance): I have not the details before

me. They appear by advertisement in the press of Canada to-day. There are three maturities between now and the first of November for which it is designed to give an opportunity for exchange immediately if the holders are willing to take advantage of it; also S20.000.000 of new money is being asked for. Some of the issues maturing are short date, low interest issues, and one, if my memory serves me aright, is $79,000,000 of five per cent securities. The opportunity of exchange is being given on the basis of either four year bonds to yield to the purchaser 1-63 per cent or thirty year bonds to yield approximately 3-30 per cent. The short term issues for which the exchange is being offered are mostly in the hands of the banks, who, of course, require short term issues for their purposes, and it is hoped that they will be largely surrendered for the new short term issue of four year bonds.

Mr. LAWSON:

Would the minister give

the interest rate which is borne by the bonds that are being retired?

Mr. DUNNING:

I am relying upon "my

memory: some are two per cent short term; the largest rate is five per cent, being a loan made in 1931. There is one other, the rate of which I cannot a* the moment state definitely.

DOMINION HOUSING ACT On the orders of the day:

Mr. C. G. MacNEIL (Vancouver North):

Is the Minister of Finance (Mr. Dunning) aware that applicants for loans in British Columbia under the Dominion Housing Act, 1935, are now being advised that loans outside the limits of the city of Vancouver are not permitted by the Department of Finance? If so, is it possible for the minister to encourage the approval of loans in suitable suburban areas, such as West Vancouver?

Hon. CHARLES A. DUNNING (Minister of Finance!: My hon. friend was good enough to speak to me about this matter. After looking into it, I can assure him that there is no departmental regulation which would prevent the granting of loans under the Dominion Housing Act outside the city of Vancouver, or for that matter, anywhere in Canada. The loan companies, of course, are the contributors or lenders of the major portion of the loans, as my hon. friend, who is familiar with the act, will know, and the decision as to whether a loan of their own money shall be made rests with them. At the same time the department is endeavouring, through cooperation with municipal authorities and others interested, together with the loan companies, to ensure the spreading of the benefits of the housing act as widely as possible. Everything the department can do to encourage loans in districts such as that mentioned by my hon. friend is being done and will continue to be done.

LOANS TO FISHERMEN On the orders of the day:

Mr. NORMAN J. M. LOCKHART (Lincoln) : May I ask the Minister of Finance (Mr. Dunning) or the Minister of Agriculture (Mr. Gardiner) if there is any indication that the moneys granted to subsidize or promote the fishing industry throughout the Dominion of Canada will be made available soon. I understand that regulations have not been adopted as yet, and that disposition of the money has been held in abeyance until such time as these regulations are passed by the governor in council. May I ask if that is likely to take place in the very near future so that the fishermen may obtain loans under the provisions of this measure?

Hon. J. E. MICHAUD (Minister of Fisheries) :

In reply I may tell my hon. friend

Employment of Youth

that the matter is still under consideration. Regulations are being worked out and will be made public shortly.

OTTAWA RESTAURANT EMPLOYEES On the orders of the day:

Mr. R. A. PELLETIER (Peace River):

I should like to direct a question to the Minister of Labour (Mr. Rogers). I have been advised that certain restaurants located in the city of Ottawa, whose employees up to the present have enjoyed one day off per week, have advised their employees that, with no increase in wages, they will be required to work seven days a week, with one day off every two weeks. I should like to know whether there are any steps the minister can take to investigate this situation, and, if he finds that such a condition does exist, whether there is anything he can do to remedy matters.

Hon. NORMAN McL. ROGERS (Minister of Labour): I shall be glad to take note of the statement of my hon. friend and have proper inquiries made.

Hon. H. A. STEWART (Leeds):

I should like to ask the Secretary of State (Mr. Rim fret) when I may expect the return ordered on February 20, about which I spoke to him in the house a few weeks ago.

Hon. FERNAND RINFRET (Secretary of State):

I can only say to my hon. friend that I will again direct his question to the attention of the Minister of Public Works (Mr. Cardin), whose department is supplying part of that return.

EMPLOYMENT OF YOUTH On the orders of the day:

Mr. T. L. CHURCH (Broadview) :

I should like to direct a question to the government. Two motions by private members, one by myself and the other by the hon. member for Greenwood (Mr. Massey), having to do with youth employment and reconstruction, were withdrawn on the promise that the government would consider what might be done. What has been the result of these studies; what action is going to be taken? It is nearly the dying days of the session, wo hope, and I should like to ask the government what has become of this study, what has been studied and what is the result.

Mr. SPEAKER:

Order.

Mr. CHURCH:

I can bring this up on a motion to go into supply and take up far more time than I am taking up now. I think when a member asks a question, he should have an answer.

Mr. SPEAKER:

The minister was about to reply to the hon. gentleman.

Hon. NORMAN McL. ROGERS (Minister of Labour): In reply to my hon. friend I may say that provision was made under the national employment commission bill for the creation of an advisory committee which is to include two special committees, one of which is to address itself to the problem of youth employment. The national employment commission has been established, and we are considering with it the personnel of the advisory committee. I can assure the hon. gentleman that the government is by no means indifferent to the importance of the question he has raised, and the whole subject is receiving and will continue to receive careful attention.

Mr. CHURCH:

May I say in reply to the minister-

Order.

Mr. SPEAKER:

Order.

Mr. CHURCH:

The minister talks and chatters at banquets. That is the sort of chatter that has been going all around the country.