April 17, 1905 (10th Parliament, 1st Session)

LIB

William Alfred Galliher

Liberal

Mr. GALLIHER.

There is one phrase in this section which, I think, should be amended, because as it stands it is too wide. The company is here authorized to invest on the security of any interest in real estate. It seems to me that these words should be struck out, leaving the company to invest on the security of real estate. 'Any interest' may mean the equity of redemption of land which may be valueless.
!Mr. STOCKTON. Or some reversionary interest that might amount to nothing.

Topic:   PRIVATE BILLS.
Subtopic:   TITLE, GUARANTEE AND TRUST COMPANY.
Full View