The MINISTER OF FINANCE (Hon. W. S. Fielding) moved that the House to-morrow go into committee to consider the following resolution :
Resolved, That it is expedient to provide that in addition to the sums now remaining unborrowed and negotiable of the loans authorized by parliament by any Act heretofore passed, the Governor in Council be authorized to raise by way of loan :-
(a.) Such sum' or sums of money, not to exceed in the whole, the sum of fifteen million dollars, as may be required for the purpose of paying the floating indebtedness of Canada, and of meeting any expenditure authorized by the parliament of Canada ;-and
(b.) Such sum' or sums of money as may be required from time to time, over and above any available sinking funds, to pay and discharge the funded debt of Canada, or any portion thereof, as the same matures and; becomes payable, either in England or in Canada ;
Such sums io' be raised in accordance with and under the provisions of that portion of chapter 29 of the Revised Statutes of Canada relating to the public debt and the raising of loans authorized by parliament, and the sums so raised to form part of the Consolidated Revenue Fund of Canada ; the rate of interest to be paid on any such loans not to exceed three and one-half per cent per annum.
He said : His Excellency the Governor Gen-ral, having been made acquainted with the terms of the resolution, recommends it to the consideration of the House.
Motion agreed to.
CLAIM OF J. & C. NOBLE.