Canada (Municipal Loans).

Part of Oral Answers to Questions — Unemployment. – in the House of Commons at on 18 February 1935.

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As regards the question of Vancouver municipal bonds, I would invite reference to my replies to the hon. Member for North. Newcastle-on-Tyne (Sir N. Grattan-Doyle) on the 6th February. I am now informed that the meetings of the Mayor of Vancouver with representatives of the bondholders on the 11th and 12th of February resulted in agreement that a Toronto financial expert should be engaged by the city council to examine the city's finances and resources. I gather that it is contemplated that this expert will report to the city council who will inform the bondholders.