Thomas Alexander Crerar (Minister of Mines and Resources)
Liberal
Mr. CRERAR:
We have drafted a set of regulations, which have been tabled, covering the granting of permits for oil in the Northwest Territories. The permits have been issued to the company going in there to drill. We have not encouraged; we have discouraged what might be called purely speculative interests; that is, people who might think there was oil up in that country and would reserve a certain area, pay a ground rental on it for a year, and then try to sell it off to someone else who would develop it. We have discouraged that.