April 14, 1902 (9th Parliament, 2nd Session)

CON

John Graham Haggart

Conservative (1867-1942)

Hon. Mr. HAGGART.

I was in the Railway Committee when this clause was passed, but I have just had the explanation of the Minister of Railways that it does not interfere with the bonds already issued. If that be so, there can be no objection to it. But taking the wording of the clause, * The company may from time to time issue and secure by mortgage, bonds, debentures, or other securities for the purpose of the acquisition by purchase, &c., there is nothing to show that the bonds so authorized to be issued will not rank; pari passu with those already issued.

Topic:   PRIVATE BILLS.
Subtopic:   CANADIAN NORTHERN RAILWAY.
Full View