May 11, 1933 (17th Parliament, 4th Session)

Mr. YOUNG:

I have here the public accounts for 1931, and at page XI I find the following:
$45,000,000 three year 4 per cent treasury notes, issued on December 1, 1927, matured December 1, 1930, and were replaced by the issue of two year treasury notes for $40,000,000 at 4 per cent maturing December 1, 1932, the balance of $5,000,000 being paid from cash. These were sold at par to Canadian chartered banks.
How were those notes taken care of when they matured last September?