Bill (No. 17S) respecting the encouragement of the construction of dry-docks, read the second time, and House went into committee thereon.
On section 1.
-The MINISTER OF FINANCE (Hon. W. S. Fielding). The general features of this Bill were discussed at an earlier stage. There are a couple of new provisions necessary to carry out the arrangement which is contemplated. We have provided in the general clauses which we discussed in committee, for the increase of the amount of subsidy, and I stated that provision would be made for a tariff of fees in these, dry docks, to be submitted to the government. If hon. gentlemen will give their attention to section 2 they will find we have Inserted a clause providing that no tolls or rates should be levied except those which have the approval of the government. There is a further clause that the company should be obliged to submit a statement of its affairs, showing the exact amount of money which it has realized from the issue of the various classes of stocks, and all the aids it has received from public bodies. The object is that if we are to be called upon to judge as to the fairness of the rates, we must know what amount of actual cash has been invested in the enterprise, so that we may fix such tolls as may yield a fair return on the cash actually invested in the project. These are the only clauses which have been added to the Bill since the matter was discussed in committee.