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

LIB

Douglas Charles Abbott (Minister of Finance and Receiver General)

Liberal

Hon. Douglas Abbott (Minister of Finance):

I understand that on Wednesday the governor of the Bank of Canada had one of his periodic meetings with the general managers of the chartered banks, at which lending policy was discussed. I have not seen the announcement to which my hon. friend refers, but undoubtedly the banks made some statement as to the credit policy which they will pursue with respect to new loans.

Topic:   BANK LOANS
Subtopic:   QUESTION AS TO ARRANGEMENT RESPECTING CREDIT POLICY
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