June 9, 1903

TORONTO, HAMILTON AND BUFFALO RAILWAY COMPANY.

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Mr. H. J.@

LOGAN (Cumberland) moved that the Toronto, Hamilton and Buffalo Railway Company be permitted to lay before the House their petition for the passing of an Act to authorize them to issue bonds, notwithstanding the expiration of the time for the presenting of petitions for Private Bills.

Topic:   TORONTO, HAMILTON AND BUFFALO RAILWAY COMPANY.
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The PRIME MINISTER.

Explain.

Topic:   TORONTO, HAMILTON AND BUFFALO RAILWAY COMPANY.
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LIB

Hance James Logan

Liberal

Mr. LOGAN.

The Bill is to get leave to issue guaranteed bonds for the purpose of liquidating the obligations of the Toronto, Hamilton and Buffalo Railway Company. The reason it was not presented before is because the company were not in a position to liquidate with their creditors, many of whom are workingmen and contractors, when the time for presenting petitions in the regular way had expired. They are now in this position. The company are assuming certain liabilities of the contractors for debts due to workingmen and for material furnished, but as the bonding power of the company is exhausted, it is necessary to get permission to issue new bonds.

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Motion agreed to. 134}


FIRST READING.


Bill (No. 197) respecting the Rocky Mountains Railway and Coal Company.-Hon. Mr. Costigan.


JUDGES' RETIRING ALLOWANCES.


The MINISTER OF JUSTICE (Hon. Charles Fitzpatrick) moved that the House go into committtee to-morrow to consider the following proposed resolution Resolved, that it is expedient to amend the Supreme and Exchequer Court Acts, the Exchequer Court Act, and the Act respecting the Judges of Provincial Courts, and to provide as follows :- 1. If any judge of the Supreme Court of Canada, or of the Exchequer Court of Canada, or of any Superior Court in Canada, resigns his office, His Majesty may, by letters patent, under the great seal, reciting such judge's age and period of service, grant unto him an annuity equal to the salary of the office held by him at the time of his resignation ; to commence immediately after his resignation, and to continue thenceforth during his natural life, provided such judge has (a) attained the age of seventy-five years, and continued in office as judge of one or more of the said courts, or as such judge, and as stipendiary magistrate ot the North-west Territories, for twenty years or upwards ; or (b) attained the age of seventy years and continued in office as judge of one or more of the said courts for twenty-five years or upwards ; or (c) continued in office as judge of one or more of the said courts for thirty years or upwards. 2. Every County Court judge who has attained the age of seventy-five years shall be compulsorily retired ; and His Majesty may, by letters patent, under the great seal, reciting such judge's age and period of service, grant unto him an annuity, if he has continued in office as such judge for twenty-five years or upwards, equal to the salary of the office held by him at the time of his retirement ; or if he has continued in office as such judge for a less period, equal to two-thirds of such salary ; the said annuity to commence immediately after his retirement, and to continue thenceforth during his natural life.


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The PRIME MINISTER.

His Excellency the Governor General has taken cognizance of this resolution and recommends it to our approval.

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Motion agreed to.


MONTREAL HARBOUR COMMISSIONERS.


The MINISTER OF FINANCE (Hon. W. S. Fielding). I move that the House go into Committee of the Whole on Thursday next, the 11th instant, on the following resolution, which His Excellency has considered and recommends to the consideration of the House Resolved, that it be expedient to provide as follows : - 1. The Governor in Council may from time to time advance and pay to the corporation of the



Harbour Commissioners of Montreal (hereinafter called 'the corporation'), in addition to the moneys authorized to be advanced to the corporation by the Governor in Council by chapter 10 of the statutes of 1896 (first session), and by chapter 47 of the statutes of 1898, and by chapter 9 of the Statutes of 1901, such sums of money, not exceeding in the whole the sum of three million dollars, as are required to enable the corporation to construct such further terminal facilities as are necessary property to equip the port of Montreal. 2. No such advances shall be made unless the plans, specifications and estimates for the works to be performed by the corporation, and on which the money so to be advanced is to be expended, have first been submitted to and approved by the Governor in Council. 3. The corporation shall, upon any advance being made, deposit with the Minister of Finance and Receiver General debentures of the corporation equal to par vaiue to the advance so made (which debentures the corporation are hereby authorized to issue), and such debentures so issued shall be of such amounts as the Minister of Finance and Receiver General determines, and shall bear date on the day when such advance is made, and shall be repayable within twenty-five years from the date of their issue, and in the meantime shall bear interest at the rate of three per cent per annum, such interest to be payable half yearly on the first day of July and the first day of January in each year. 4. The principal and interest of the sums advanced under the authority of this Act to the corporation shall be paid by the corporatico out of its revenue mentioned in section 8 of chapter 10 of the statutes of 1896 (first session), and shall be a charge upon the said revenue in the same manner and to the same extent as if the sums so advanced had been borrowied by the corporation under the said chapter 10. Motion agreed to.


GOVERNMENT TARIFF POLICY.

LIB

Joseph Israël Tarte

Liberal

Hon. J. I. TARTE (Montreal, St. Mary's).

I would like to inquire from the right hon. the leader of the House when it would be convenient for him that I should take up the motion of which I gave notice some time ago. Of course, I quite understand that the motion of my hon. friend the leader of the opposition should take precedence, but after that motion has been disposed of, I would like very much that the right hon. gentleman would inform the House when it would be convenient for him to take up mine.

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The PRIME MINISTER.

If convenient to my hon. friend, we will be ready to take up his motion on Thursday next.

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SUPPLY-IRON AND STEEL INDUSTRY.


The MINISTER OF FINANCE (Hon. W. S. Fielding) moved that the House again go into Committee of Supply.


June 9, 1903