May 8, 1919 (13th Parliament, 2nd Session)


William Thomas White (Minister of Finance and Receiver General)



As to section 4, I have looked at it more closely since my hon. friend (Mr. Fielding) spoke, and I would direct his attention to this:
The Governor in Council may, in addition to the sums now remaining unborrowed. . . . raise by way of loan, .... such sum or sums of money, less any amount borrowed in excess of the amounts authorized by any war appropriation Act, as are required for the purpose of making any payment authorized by this Act.
Does my hon. friend see the force of the last few words there? That is to say, this section authorizes us to borrow in any event the amount required for making any expenditure if authorized by this Act. That is the way I would construe those last words:

Topic:   SUPPLY.
Subtopic:   WAR EXPENDITURE-$350,000,000 VOTE.
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