April 13, 1928 (16th Parliament, 2nd Session)

UFA

Henry Elvins Spencer

United Farmers of Alberta

Mr. SPENCER:

Although most of these
bonds are. I understand, owned by Canadians,

they are owned by very few Canadians, so that the majority of the people are paying for the privilege which this minority enjoy. It would be in the interests of the mass of the people-probably 85 or 90 per cent of the citizens-if these few, this small minority who have received this great benefit for a number of years since the war were paid off so that everybody would come under the ordinary taxation of the country.

Topic:   LOAN OF $500,000,000 REDEMPTION OF LOANS AND PURCHASE OF UNMATURED SECURITIES
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