§ 21. Mr. LYONSasked the Secretary of State for Dominion Affairs whether he can make any statement with reference to the financial indebtedness of Alberta; whether all liabilities have been met; whether any and what additional charge has been made on Dominion funds; and whether any increased financial benefits have been issued in the province?
Mr. M. MacDONALDMy hon. and learned Friend will remember that a Province of Alberta debt of $3,200,000, which matured on 1st April last, was not met on that date. I understand that on 27th May a statement was made by the Provincial Treasurer regarding a reduction of interest, as from 1st June, on the public debt of the Province. I have not yet received the text of that statement, but will send my hon. and learned Friend a copy of it as soon as it is available. I understand that the Provincial Government have subsequently indicated that they are to discuss the situation with a committee representing the holders of Alberta Bonds, which is now being formed. This committee will include representatives of Canadian, United 16 Kingdom and United States holders of these bonds. As regards the last two parts of the question, I am making further inquiries.