Charles Avery DUNNING
DUNNING, The Hon. Charles Avery, P.C.
Personal Data
- Party
- Liberal
- Constituency
- Queen's (Prince Edward Island)
- Birth Date
- July 31, 1885
- Deceased Date
- October 1, 1958
- Website
- http://en.wikipedia.org/wiki/Charles_Avery_Dunning
- PARLINFO
- http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=b7bab241-2a80-47dc-b8e0-c1334a0b5abb&Language=E&Section=ALL
- Profession
- farmer
Parliamentary Career
- March 16, 1926 - July 2, 1926
- LIBRegina (Saskatchewan)
- Minister of Railways and Canals (March 1, 1926 - June 28, 1926)
- September 14, 1926 - May 30, 1930
- LIBRegina (Saskatchewan)
- Minister of Railways and Canals (September 25, 1926 - November 25, 1929)
- Minister of Finance and Receiver General (November 26, 1929 - August 6, 1930)
- Minister of Railways and Canals (November 26, 1929 - December 29, 1929)
- November 2, 1926 - May 30, 1930
- LIBRegina (Saskatchewan)
- Minister of Railways and Canals (September 25, 1926 - November 25, 1929)
- Minister of Finance and Receiver General (November 26, 1929 - August 6, 1930)
- Minister of Railways and Canals (November 26, 1929 - December 29, 1929)
- December 30, 1935 - January 25, 1940
- LIBQueen's (Prince Edward Island)
- Minister of Finance and Receiver General (October 23, 1935 - September 5, 1939)
Most Recent Speeches (Page 2 of 3189)
June 3, 1939
Mr. DUNNING:
The maximum now in these central provinces is as high as 7 per cent.
June 3, 1939
Mr. DUNNING:
I desire only to make
a brief reference to the remarks of the hon. member for St. Lawrence-St. George (Mr. Cahan), who I take it, speaking on behalf of his party-
June 3, 1939
Mr. DUNNING:
Certainly.
June 3, 1939
Mr. DUNNING:
I may be forgiven, then, for presuming that the silence opposite on the
(Mr. Coldwell.]
part of hon. members of the Conservative party gives consent to the case as put forward by the hon. member for St. Lawrence-St. George. I just wish to refer briefly to the argument that we should go ahead with the farm relief, that as a country we should compensate mortgagees to the extent of fifty per cent of their losses in connection therewith, but that we should relieve these same mortgagees of the obligation, which the bill passed by this house placed upon them, to extend some relief on their own account to the urban mortgagors of this country. That is the issue.
The saving to the treasury by this amendment, if we accepted it, would not, in my opinion, amount to more than 810,000,000. But can anyone count the saving to urban mortgagors which would be represented by the reduction of their interest rate to five and a half per cent? The hon. member for St. Lawrence-St. George says that most of the mortgages in this part of Canada are held by individuals and not by institutions. If my memory serves me rightly, the figures given in our own banking and commerce committee, of urban mortgages held by institutions represented before that committee, so far as these central provinces are concerned, were in the neighbourhood of $130,000,000, a very large proportion of which would be eligible for reduction in interest, which reduction, under the terms of the bill as it left this house, would be given by and at the expense of the mortgage institutions and not by and at the expense of the federal treasury. The federal treasury would only enter to bear its proportion of the loss represented by adjustments as a result of depreciated values and the other features of the bill along that line.
Mr. STEV.ENS: Would the minister permit a question?
June 3, 1939
Mr. DUNNING:
I do not claim that the average at the present time is 7 per cent, but I do claim that a fair average would be not less than 6J per cent.
Central Mortgage Bank