Mr. THOMAS FORTIN (Laval).
The question of regulating the rate of interest has in most civilized countries excited very much discussion and, at various times, provoked some legislation. From the very earliest period in the Roman state there were laws regulating the rate of interest. In the Middle Ages, as is well known, no interest whatever for the use of money was deemed to be legitimate ; and the word ' usury ' derives its etymology from that period. Coming down later, we find various statutes passed in England regulating the rate of interest. I believe the first English statute on the subject was 37 Henry VIII., chapter 9, which fixed the rate at 10 per cent per annum. This statute was subsequently repealed and again re-enacted ; and finally, the last statute regulating the rate of interest, and declaring an excess of the