James Lorimer Ilsley (Minister of Finance and Receiver General)
No; I did not take it that
way at all. As a matter of fact, while my views and those of the government on matters of finance are very different from those of the hon. member for Vancouver-Burrard, I have appreciated his attitude during the war. With his considerable ability as a parliamentary speaker, if he were to attack and had continued vigorously to attack the policy of the government, it would have been embarrassing and prejudicial in the conduct of our loan campaigns, and the carrying out of our policies of taxation. While he has these views he has shown a great measure of restraint in the tone of his address to-day. It was simply the tone which one would use with a view to keeping one's position on record, in the hope that at the proper time it might be favourably considered.
As I have said, I differ from him. I do not think the printing of money is the proper way in which to finance a war. To-day the hon. member advocated that the mint should be turned to that purpose. If we wish to print money we have another mint in which we could do it, namely, the Bank of Canada. The borrowing of money from the Bank of Canada has exactly the same effect as the printing of it at the Royal Canadian Mint. The mint does not print money; it makes coins.