March 19, 1934

CORRESPONDENCE RESPECTING $60,000,000 LOAN GUARANTEE BY GOVERNMENT

CON

Richard Bedford Bennett (Prime Minister; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Right Hon. R. B. BENNETT (Prime Minister):

I desire to lay on the table the

correspondence between the government, the Canadian Pacific Railway Company and the Canadian banks with respect to the guarantee by the government in regard to the loan of $60,000,000 to the Canadian Pacific Railway Company. At the same time I offer my apology to the hon. gentleman for the delay in presenting these papers, which was due to certain papers being mislaid.

Topic:   CORRESPONDENCE RESPECTING $60,000,000 LOAN GUARANTEE BY GOVERNMENT
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RADIO BROADCASTING COMMITTEE


Hon. RAYMOND D. MORAND (East Essex) moved that the first report of the special committee to inquire into operations of the radio commission under the Canadian Radio Broadcasting Act, 1932, be concurred in. Motion agreed to.


SUPPLEMENTARY ESTIMATES, 1933-34


A message from His Excellency the Governor General transmitting further supplementary estimates for the financial year ending March 31, 1934, was presented by Hon. E. N. Rhodes (Minister of Finance), read by Mr. Speaker to the house, and referred to the committee of supply.


BILLS OF EXCHANGE ACT


Hon. E. N. RHODES (Minister of Finance) moved for leave to introduce Bill No. 37 to amend the Bills of Exchange Act. He said: Mr. Speaker, this bill proposes two amendments to the Bills of Exchange Act. The first substitutes the name Remembrance Day for Armistice Day, in conformity with the legislation that was passed in 1931. The second amendment proposes to authorize the closing of branches when civic holidays are declared. Motion agreed to and bill read the first time.


DAIRY INDUSTRY ACT


Hon. ROBERT WEIR (Minister of Agriculture) moved for leave to introduce Bill No. 38 to amend the Dairy Industry Act. He said: There are two principal changes to be made in the act. One is a change in the definitions to keep the act more in line with modern practices and the other is an extension of the act at the request of a number of the provinces. Motion agreed to and bill read the first time. Questions


DESTRUCTIVE INSECT AND PEST ACT


Hon. ROBERT WEIR (Minister of Agriculture) moved for leave to introduce Bill No. 39 to amend the Destructive Insect and Pest Act. He said: There is a very slight change to be made in this act. The proposed amendment, which is regarded as an interpretive section, does not affect the intent of the present section but is necessary in order to enable the various provinces to deal with the control of pests in their respective territories, and is being made at their request. Motion agreed to and bill read the first time. [DOT]


QUESTIONS


(Questions answered orally are indicated by an asterisk).


QUOTA ON CANADIAN CATTLE

LIB

Mr. MOTHERWELL:

Liberal

1. What were the conditions of the original cattle quota imposed on Canadian cattle by the British government?

2. What are the adjusted cattle quota terms and conditions at present in vogue?

3. Is there anything definite yet as to the cattle quota that will prevail during the last half of the year 1934?

4. Does the British government under the terms of the Anglo-Canadian Ottawa agreement impose such cattle quotas without the consent of the government of Canada?

Topic:   QUESTIONS
Subtopic:   QUOTA ON CANADIAN CATTLE
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CON

Richard Bedford Bennett (Prime Minister; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Right Hon. R. B. BENNETT (Prime Minister) :

Mr. Speaker, I think it should be

said with respect to this question that the matter is under consideration. The quota as fixed was arranged by the High Commissioner for Canada with the British Government, and negotiations are now pending for the purpose of determining what the future action shall be. But the quota as it stands is that we should ship the same number of cattle as we shipped in the first six months of 1933-and there the matter stands at the moment.

Topic:   QUESTIONS
Subtopic:   QUOTA ON CANADIAN CATTLE
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GOLD PREMIUMS

LIB

Donat Raymond

Liberal

Mr. RAYMOND:

How much has the government paid in premiums on gold since it has prohibited exportation?

Topic:   QUESTIONS
Subtopic:   GOLD PREMIUMS
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CON

Edgar Nelson Rhodes (Minister of Finance and Receiver General)

Conservative (1867-1942)

Mr. RHODES:

Since October 19, 1931, the marketing of non-monetary gold, including the current production of the Canadian mines, has been done through the medium of the government which has distributed to the mines and owners of such gold the net proceeds of the sale abroad.

Such sales to February 28, 1934, have realized 832,069,743 in excess of the standard value established by the Currency Act, after deducting all costs incidental to the export and sale.

Topic:   QUESTIONS
Subtopic:   GOLD PREMIUMS
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March 19, 1934