Mr. ROSS (St. Paul's):
Is it not a fact that it is necessary for Canadian companies doing business in the United States to keep deposits equal to or greater than their reserves in various states? Is it not also true that it is becoming more difficult all the time for them to get investments which will yield what their rates are based on, namely three per cent? Therefore they are endeavouring under this measure to get investments which will help out the yield on that business.
Subtopic: EXTENSION OF AUTHORIZED INVESTMENTS IN UNITED STATES SECURITIES