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Canada (Bank Act).

Oral Answers to Questions — Post Office. – in the House of Commons on 25th May 1922.

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Photo of Sir Percy Hurd Sir Percy Hurd , Frome

66.

asked the President of the Board of Trade what representations, if any, he is making to the Canadian Government in regard to the Bank Act of Canada, and especially the alleged inequitable operation of Clauses 88 and 89 whereby preference is said to be granted to Canadian banks and facilities created for fraudulent practices on the part of importers: and whether he is considering the specific proposals made on this matter by the Canadian Chamber of Commerce in London?

Photo of Mr Philip Lloyd-Greame Mr Philip Lloyd-Greame , Hendon

The President of the Board of Trade does not contemplate taking any action in this matter. I am not aware of the nature of the proposals of the Canadian Chamber of Commerce.

Photo of Sir Percy Hurd Sir Percy Hurd , Frome

Is the hon. Gentleman not aware of the considerable disturbance and feeling in Canada and this country in this matter? Are the Government taking any action whatever?

Photo of Mr Philip Lloyd-Greame Mr Philip Lloyd-Greame , Hendon

I think the point to which my hon. Friend refers is the preference accorded to Canadian banks. That is, I believe, part of the existing law, and while I know that objection has been taken to that law, my right hon. Friend, I understand, has not received any direct representation.