February 16, 1951 (21st Parliament, 4th Session)

LIB

Douglas Charles Abbott (Minister of Finance and Receiver General)

Liberal

Hon. Douglas Abbott (Minister of Finance):

Mr. Speaker, yesterday the hon. member for St. John's East (Mr. Higgins) asked me the amount of Newfoundland's financial surplus now on deposit with the government. I informed him that the arrangement was, of course, between the dominion government and the government of Newfoundland, and said that if that government had no objection I should be glad to give the information. The Newfoundland provincial government has no objection, and I can say that the amount is $20 million.

Topic:   NEWFOUNDLAND
Subtopic:   FINANCIAL SURPLUS ON DEPOSIT WITH FEDERAL GOVERNMENT
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