I do not regard it as important. I have no doubt at all that the minister will make the necessary investigation, and that everything will be done
carefully and in order. I have every confidence in the minister and the department that this matter wall be attended to as he states it will be. This measure is now practically a Government measure, and the minister, of course, takes the responsibility in regard to it.
The point that I wish to impress upon the House is that the House has functions in regard to these matters as well as the Department of Finance, and that it cannot discharge its functions by passing them over to the department. It is well understand that the functions of the Department of Finance are administrative and that the functions of the House are legislative. It is the duty of the Department of Finance to issue a license to a company when it complies with the terms of the charter granted by this House. If the House chooses to grant a charter to a company to do insurance business in Canada with a capital of $5,000, and if the company comes next day knocking at the door of the Department of Finance with the charter, complying with the terms of it and furnishing the $5,000 capital, or the proof of it, it is the duty of the department to issue the license, notwithstanding that the minister may be of the opinion that the company ought to have at least $100,000 capital. Therefore it is important that the House in all these matters should provide clearly and distinctly what is required because, as to what is required, the Department of Finance will carry out the mandate of the House. It is especially important, when we remember the unfortunate incident which took place recently in regard to the Union Life and incidents of a similar nature. Therefore I hope the minister will see the point which I make, namely, that in all these charters that are granted it is proper and right that the House should be clear and distinct in regard to the conditions on which they shall be granted.