September 8, 1950 (21st Parliament, 3rd Session)

LIB

Douglas Charles Abbott (Minister of Finance and Receiver General)

Liberal

Mr. Abbott:

Mr. Speaker, as the title of the proposed bill implies, its purpose is to give the government authority to restrain spending by limiting the amount of credit available to consumers for the purchase of goods. The implementation of this measure would substantially follow the practice adopted during the war under the wartime prices and trade board regulations.
Motion agreed to and bill read the first time.

Topic:   CONSUMER CREDIT
Subtopic:   TEMPORARY PROVISION FOR REGULATION
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