HC Deb 25 May 1922 vol 154 cc1412-3
66. Mr. HURD

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?


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.


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?


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.