December 11, 1951 (21st Parliament, 5th Session)

LIB

Clarence Decatur Howe (Minister of Defence Production; Minister of Trade and Commerce)

Liberal

Right Hon. C. D. Howe (Minister of Trade and Commerce) moved

that the house go into committee at the next sitting to consider the following resolution:
That it is expedient to introduce a bill to make provision for short-term credit to grain producers in the prairie provinces to meet temporary financial difficulties, arising from inability to complete harvesting operations or to make delivery of grain, through bank loans guaranteed by the crown with limitations including a limitation to the effect that the liability of the crown to pay losses will not exceed $5 million; moneys payable under the act to be paid out of the consolidated revenue fund.
He said: His Excellency the Governor General, having been made acquainted with the subject matter of this resolution, recommends it to the consideration of the house.

Topic:   PROVISION FOR SHORT-TERM CREDIT TO PRODUCERS
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