Daniel Duncan McKenzie
Liberal
Mr. McKENZIE:
If the Minister of Finance did say that if a mistake was made in the Department of Finance at all it was an error of judgment he was quite right because section 15, with which my hon. friend is quite familiar, says:
No security shall be given by the Treasury Board until it has been shown to the satisfaction of the board.
No certificate shall he given by the Treasury Board until it has been shown to the satisfaction of the Board, by affidavit or otherwise, that all the requirements of this Act and of the special Act of incorporation of the bank, as to the payment required to he made to the minister, the election of directors, deposit for security for note issue, or other preliminaries, have been complied with, and that the sum so paid is then held by the minister.
If the minister was satisfied that was all . he had to do.