The POSTMASTER GENERAL (Hon. Wm. Mulock) moved that the House go into Sir WILFRID LAURTER.
committee to consider the following resolutions :
That whereas by ' The Pacific Cable Act, 1899,' His Excellency in Council is authorized to guarantee payment of five-eighteenths of the principal sum of £1,700,000 sterling, to be applied in establishing direct submarine telegraphic communication between Canada and Australasia ;
And whereas in lieu of said sum of £1,700,000 it is estimated that for the purpose aforesaid there will be required a sum not exceeding £2,000,000 sterling, which sum of £2,000,000 the government of the United Kingdom is willing to advance ;
1 * That the Governor in Council is authorized to guarantee payment of five-eighteenth parts of the principal and interest of and upon the securities to be issued by the government of the United Kingdom for raising the said sum, namely, £2,000,000 so to be advanced.
2. That section 3 of said Act be repealed.
Motion agreed to, and House went into committee.