July 15, 1924

BANKING AND COMMERCE

LIB

Thomas Vien

Liberal

Mr. THOMAS VIEN (Lotbiniere):

I beg to move that the twelfth report of the select standing committee on Banking and Commerce be concurred in. I might explain to the House that the twelfth report was laid on the Table of the House on the 4th of July. As it is self-explanatory, I will read it to the House:

Your Committee recommend that the government should study and consider the practicability of laying before parliament at a subsequent date the establishment in the chartered banks of Canada, of an additional class of savings accounts whereby all holders of deposits, who may place their money in such class of accounts, in any one bank or branch thereof, shall be protected against loss up to the sum of $3,000 by the establishment of a fund on an insurance basis, the premiums of which will be contributed by the depositor and the bank in such proportion as may be determined and that the government work out the details and actuarial data necessary for the establishment of the said proposal and upon conference with the banking institutions of Canada, that legislation may be enacted to carry out the results of the said conference and such scheme as may be evolved.

I may state that this resolution was moved by the hon. member for Vancouver South (Mr. Ladner), and was adopted unanimously by the Banking and Commerce committee.

Topic:   BANKING AND COMMERCE
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CON

Henry Herbert Stevens

Conservative (1867-1942)

Mr. STEVENS:

I would suggest that the hon. member limit that to those who were present on that occasion. I was not present, and I would not have agreed to it.

Montreal

South Shore Bridge

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LIB

Thomas Vien

Liberal

Mr. VIEN:

I have not here a list of those present at that sitting, but I know that the resolution after being amended was unanimously adopted.

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LIB

James Joseph Hughes

Liberal

Mr. HUGHES:

I was not present at that meeting, and I do not think the project is feasible.

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IND

William Findlay Maclean

Independent Conservative

Mr. MACLEAN (York):

Have any other reports of this committee been concurred in yet by the House?

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LIB
IND
LIB
IND
CON

Arthur Meighen (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. MEIGHEN:

If we have many more committees and many more reports in this parliament, we had better have an official assignee for the Dominion.

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Motion agreed to.


INDUSTRIAL RELATIONS


On the Orders of the Day:


LAB

James Shaver Woodsworth

Labour

Mr. J. S. WOODSWORTH (Centre Winnipeg) :

The committee on Industrial and International Relations had a number of sittings and finally adopted a report. I understand that the chairman has left the city, and the report has not yet been presented. I should like to know when this report will be brought down to the House.

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LIB

James Murdock (Minister of Labour)

Liberal

Hon. JAMES MURDOCK (Minister of Labour):

As the hon. gentleman has said, the chairman of the Industrial and International Relations committee had to leave Ottawa, but arrangements have been made for the committee to come together to-morrow at ten o'clock in order to determine what should be done.

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HOME BANK


On the Orders of the Day:


LAB

William Irvine

Labour

Mr. WILLIAM IRVINE (East Calgary):

When may we expect that the motion to concur in the report of the select standing committee on Banking and Commerce having to do with the reimbursement of the Home Bank depositors will be made?

Right Hon. W. L. MACKENZIE KING

(Prime Minister): I cannot give my hon. friend a positive statement at the moment,

but before the House adjourns this evening I think it will be possible to make an announcement on the matter.

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MONTREAL HARBOUR COMMISSION

July 15, 1924