By mid-1961, differences in monetary policy led to open conflict with Bank of Canada Governor Coyne, who adhered to a tight money policy. Appointed by St. Laurent to a term expiring in December 1961, Coyne could only be dismissed before then by the passing of an Act of Parliament. Coyne defended his position by giving public speeches, to the dismay of the government. The Cabinet was also angered when it learned that Coyne and his board had passed amendments to the bank's pension scheme which greatly increased Coyne's pension, without publishing the amendments in the "Canada Gazette" as required by law. Negotiations between Minister of Finance Fleming and Coyne for the latter's resignation broke down, with the governor making the dispute public, and Diefenbaker sought to dismiss Coyne by legislation. Diefenbaker was able to get legislation to dismiss Coyne through the House, but the Liberal-controlled Senate invited Coyne to testify before one of its committees. After giving the governor a platform against the government, the committee then chose to take no further action, adding its view that Coyne had done nothing wrong. Once he had the opportunity to testify (denied him in the Commons), Coyne resigned, keeping his increased pension, and the government was extensively criticized in the press.