Hon. CHARLES A. DUNNING (Minister of Railways and Canals) moved that the house go into committee to consider the following proposed resolution:
Resolved, that it is expedient to provide that the Canadian National Railway Company may purchase the undertakings and railways of the Quebec Oriental Railway and the Atlantic, Quebec and Western Railway, at a price of approximately $3,500,000; and that the governor in council may guarantee the principal and interest of securities to be issued for this purpose by the Canadian National Railway Company, not exceeding in aggregate face value such amount as the governor in council may consider sufficient to raise the said sum.
He said: Perhaps I might make a brief
general statement as to the method of dealing with all these financial resolutions which appear in my name.