§ 35. Sir John Mellorasked the Secretary of State for Dominion Affairs whether he will give an estimate of the amount of capital owned by persons and companies domiciled in the United Kingdom and invested in loans and mortgages in the province of Alberta; and whether he will make a statement as to the application of recent legislation of the Government of Alberta to such investments?
The Secretary of State for Dominion Affairs (Lord Stanley)Information is not available which would enable me to furnish the estimate asked for in the first part of my hon. Friend's question. As regards the second part, I understand that recent legislation of the Province of Alberta applies to United Kingdom investments in the same manner as it applies to investments held by persons resident in Alberta and elsewhere. I have read the reports which have lately appeared in the Press regarding the nature of this 1021 legislation, and have made inquiries concerning it. I hope to receive a reply shortly, and I shall then be happy to communicate further with my hon. Friend.