Mr. Speaker, X also answered that question two months ago by saying that this action is the action of the governor of the bank and his responsibility alone.
Then it went on, and it is well to read it. I do not want to read it all into Hansard, but finally I asked the prime minister this question, which is to be found on page 7352:
Will the Prime Minister, having had the reasons from the governor of the Bank of Canada, now give the house the benefit of what those reasons were?
The prime minister had stated that the reasons had been given. He answered:
No, Mr. Speaker, the Prime Minister will not undertake to have parliament or the members of the opposition act as a court of appeal from the decision made by the governor of the Bank of Canada-
The opposition have been founding their arguments on a principle which was disavowed by Mr. St. Laurent. Then Mr. St. Laurent added these words-somebody said, "Oh, oh"-
-unless and until parliament amends the act which now governs the Bank of Canada.
And at this point, a little later, the hon. member for Bonavista-Twillingate, who was so noisy and vociferous a few days ago- and then suddenly the flame snuffed out- said this:
This is degenerating into a debate.
Topic: BANK OF CANADA
Subtopic: CREATION OF VACANCY IN OFFICE OF GOVERNOR