April 1, 1927

LIB

Frederick George Sanderson

Liberal

Mr. F. G. SANDERSON (South Perth):

If the hon. leader of the opposition (Mr. Guthrie) had heard that resolution read, which he did not, I do not think he would have made any objection to it.

C.N.R.-Branch Lines

Topic:   BUSINESS OF THE HOUSE
Subtopic:   RULE GOVERNING THE PRESENTATION OP PETITIONS TO PARLIAMENT
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CON

Hugh Guthrie (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. GUTHRIE:

Yes, I object to the form entirely.

Topic:   BUSINESS OF THE HOUSE
Subtopic:   RULE GOVERNING THE PRESENTATION OP PETITIONS TO PARLIAMENT
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LIB

Hewitt Bostock (Speaker of the Senate)

Liberal

Mr. SPEAKER:

Only by petition can outsiders address themselves to parliament.

Topic:   BUSINESS OF THE HOUSE
Subtopic:   RULE GOVERNING THE PRESENTATION OP PETITIONS TO PARLIAMENT
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CANADIAN NATIONAL RAILWAYS- ROSEDALE BRANCH


Hon. CHARLES A. DUNNING (Minister of Railways and Canals) moved that the House go into committee on Bill No. 178, to amend an act respecting the construction of the Canadian National Railway line being a joint section from Rosedale southeasterly, in the province of Alberta. Motion agreed to and the House went into committee, Mr. Johnston in the chair. Section 1 agreed to. On the preamble.


UFA

Robert Gardiner

United Farmers of Alberta

Mr. GARDINER:

Can the minister inform the House whether the agreement in regard to this joint section between the two companies has been signed?

Topic:   CANADIAN NATIONAL RAILWAYS- ROSEDALE BRANCH
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LIB

Charles Avery Dunning (Minister of Railways and Canals)

Liberal

Mr. DUNNING:

As I explained in the

committee, the agreement has not been signed, but the negotiations, I am informed, are nearing completion.

Topic:   CANADIAN NATIONAL RAILWAYS- ROSEDALE BRANCH
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Preamble agreed to. Bill reported, read the third time and passed.


COMPENSATION TO GOVERNMENT EMPLOYEES


Hon. CHARLES A. DUNNING (Minister of Railways and Canals) moved * the second reading of Bill No. 227, to amend an act to provide compensation where employees of His Majesty are killed or suffer injuries while performing their duties. Motion agreed to, bill read the second time, considered in committee, reported, read the third time and passed.


LOAN COMPANIES ACT AMENDMENT


Hon. J. A. ROBB (Minister of Finance) moved that the House go into committee on Bill No. 49 to amend the Loan Companies Act, 1914. Motion agreed to and the House went into committee, Mr. Johnston in the chair. Section 1 agreed to. On section 2-Limitation of borrowing powers.


CON

Hugh Guthrie (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. GUTHRIE:

This section was amended, was it not?

Topic:   LOAN COMPANIES ACT AMENDMENT
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LIB

John Frederick Johnston (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

Yes.

Topic:   LOAN COMPANIES ACT AMENDMENT
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CON

Hugh Guthrie (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. GUTHRIE:

What is the amendment?

Topic:   LOAN COMPANIES ACT AMENDMENT
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LIB

John Frederick Johnston (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

It was amended in

committee by striking out all the words in subsection (a) of this section, line 10, down to the word "called" in line 22, and substituting therefor the following:

(a) A notice of the by-law and of the meeting of the shareholders called to approve the same, shall be published in four consecutive issues of the Canada Gazette and in four consecutive weekly issues of a newspaper printed in every city or town in Canada where the company has its head office or a branch office, and the said notice shall also be sent and given by registered mail to every registered debenture holder, whether resident within or outside of Canada, and to the chief agent or chief agents of the company for the sale of debentures of the company outside of Canada, at least sixty days before the date for which the said meeting is called.

Topic:   LOAN COMPANIES ACT AMENDMENT
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LIB

Lucien Cannon (Solicitor General of Canada)

Liberal

Mr. CANNON:

Section 2 provided that

companies should be entitled to increase their borrowing power to eight times their capital and reserve. Under the present act it is fixed at four times. An amendment was carried which fixed it at five times.

Topic:   LOAN COMPANIES ACT AMENDMENT
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CON

Hugh Guthrie (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. GUTHRIE:

In the original proposal

the borrowing power was fixed at eight times?

Topic:   LOAN COMPANIES ACT AMENDMENT
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LIB
CON

Hugh Guthrie (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. GUTHRIE :

The committee reduced

it to five?

Mr.-CANNON: Yes.

Topic:   LOAN COMPANIES ACT AMENDMENT
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April 1, 1927