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Speech by the Honorable John Rose, Minister of Finance, Canada: On Introducing the Resolutions on Banking and Currency (Classic Reprint)

Speech by the Honorable John Rose, Minister of Finance, Canada: On Introducing the Resolutions on Banking and Currency (Classic Reprint)

          
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Excerpt from Speech by the Honorable John Rose, Minister of Finance, Canada: On Introducing the Resolutions on Banking and Currency

That the institutions to be affected by the change need not be alarmed, or be under the apprehension that they will be deprived in any appreciable degree of the facilities they have heretofore enjoyed for carrying on the commercial operations of the country. I think it is our duty, while we endea vour to guard the public interests, to take care that we do not with rash hand force this new theory too suddenly, so as to disturb the ordinary course of business. We hope in this matter to be able to avail ourselves of the practical experience, not only of the bankers, but of the merchants of the country. We hope to be able to carry with us the intelligent portion of both those classes. We believe we shall derive great benefit from taking them into council with us, and we shall deeply regret if it shall be other wise in consequence of any of them taking up the notion that the Govern ment is actuated by any other motive than a single-minded desire to pro mote the public interest, I regret very much that, in anticipation of the announcement of the Government scheme, there has been an excitement which I think will be found not to have been warranted by the nature of the policy, as I am explaining it to-day. I am aware there has been an effort on the part of certain institutions to create a feeling against: any change which might be proposed by the Government in the general interests of the country. I think it would have been better if they had waited for the announcement of our policy, with the disposition to consider calmly and dispassionately what we were going to propose. I should have been glad if they had taken this course, and would have been happy to have received such suggestions as might have been likely to improve the measure, or lessen, any injurious effect which the change might be supposed likely to have on the public interest. I'think it would have been much better if they had waited in this spirit, as they might very well have done, assured that the Government would not be precipitate with a measure of this kind.

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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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Product Details
  • ISBN-13: 9780365376422
  • Publisher: Forgotten Books
  • Publisher Imprint: Forgotten Books
  • ISBN-10: 0365376426
  • Publisher Date: 15 Dec 2018


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Speech by the Honorable John Rose, Minister of Finance, Canada: On Introducing the Resolutions on Banking and Currency (Classic Reprint)
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