May 29, 1936 (18th Parliament, 1st Session)

CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

I would hardly agree with the construction placed on the section as it stands, but that is unimportant; I cannot think that that is the meaning of it as it now stands. But why is subsection 2 added, "certain investments excepted"? It will be observed that this is a new section entirely and it provides that investments made after 1927 and before the first day of January of this year, under the provisions of so and so, shall not be deemed to be investments in common stocks within the meaning of subsections 6 and 7 of section 60. That brings it down to the first of this year and to all intents and purposes renders nugatory the provisions of the law in respect of common stocks since 1927 up to date.

Topic:   CANADIAN AND BRITISH INSURANCE COMPANIES ACT, 1932
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