| Subject: | Re: [socialcredit] Question for Martin | | Date: | Monday, November 15, 2004 17:06:15 (-0700) | | From: | martinh <martinh @....net>
|
| In reply to: | Message 291 (written by Joe Thomson) |
I believe that what happened in the first instance, at any rate, was
disallowance by the Lieutenant Governor. I know that the "Alberta Bill of
Rights" of 1947, part II (dealing with economic rights) was held to be
ultra vires the Province as trenching on federal powers to legislate on
currency and banking.
Alberta got around this as best it could by establishing "credit houses"
and encouraging private credit unions - which are still a strong force
today. The Credit Houses morphed into our present Treasury Branch system,
and this system still provides competition to the banks, and is a useful
element in maintaning the Alberta economy.
Martin Hattersley: 1970-10123-99 St.
Edmonton, Alberta, Canada T5J 3H1
Phone:(780)423-4081 Fax:(780)425-5247
Website:http://www.edmc.net/~martinh
e-mail: "martinh@edmc.net"
On Sun, 14 Nov 2004, Joe Thomson wrote:
>
>
> (Martin Hattersley wrote:-) "Alberta and BC never had the power to issue
> their own currency, but
> > did generate prosperity in their economies by encouraging inflows of
> > capital from other, less dynamic, provinces. Alberta's Treasury Branch
> > system was the nearest approach that was possible in those circumstances -
> > and it has worn very well within its limitations.
> ---------------------------------------------------------
> Martin, with your background in Social Credit and Law perhaps you may know
> the answer to this, or whether it was ever definitely determined: Douglas
> seemed to be of the opinion that the Provinces, while constitutionally
> unable to issue their own 'currency', very definitely controlled their own
> 'credit'. Did any of the Court cases ever determine otherwise?
>
> Joe Thomson
>
>
>
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