November 22, 1951 (21st Parliament, 5th Session)

Mr. Sinclair:

I must confess, again, that without documentation my memory is not too good. I do recall a discussion concerning the wheat board and it is true that it is not listed. My recollection is that it is not a government agency, department or proprietary corporation within the terms of the bill.
There are however two crown corporations which definitely are agencies of government, or owned by the people, and which are not specifically listed in the bill. The Canadian National Railways, as such, is one-although it is covered by inclusion of the Canadian National (West Indies) Steamships, as well as the national railways as defined in the Canadian National-Canadian Pacific Act, and the Trans-Canada Air Lines. Another crown corporation which is not included in the schedule is the Bank of Canada. The reason could best be expressed by the deputy minister of finance and the governor of the Bank of Canada before the public accounts committee.
There is a difference between the central bank of a country and any other crown corporation. Normally one would expect all crown concerns to appear as corporations in the schedule to the bill. However on second reading full reasons will be given as to why the wheat board is not included.