SOCIAL CREDIT IN ALBERTA
INTEREST REDUCTION ACT RULED ULTRA VIRES
(Received November 2, .5.30 p.m.)
EDMONTON, November 1
The Supreme Court of Alberta has ruled that the Aberhart Act, reducing the provincial bond interest, is ultra vires.
The Independent Order of Foresters was awarded 5000 dollars, which was retained when the interest was reduced from 6 to 3 per cent.
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Press, Volume LXXIII, Issue 22240, 3 November 1937, Page 11
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60SOCIAL CREDIT IN ALBERTA Press, Volume LXXIII, Issue 22240, 3 November 1937, Page 11
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