The MINISTER OF FINANCE (Hon. W. S. Fielding) moved that the House go into committee to-morrow to consider the following proposed resolution :
That it is expedient to repeal chapter 8 of the statutes of 1901, intituled : ' An Act to provide for the payment of bounties on lead refined in Canada,' and to enact as follows :
1. The Governor in Council may authorize the payment of a bounty of seventy-five cents per one hundred pounds on lead contained in leadbearing ores mined in Canada; such bounty to be paid to the producer or vendor of such ores, upon evidence that such ores have been smelted in Canada. Provided, that the sum to be paid as such bounty shall not exceed five thousand dollars in any fiscal year. Provided, also, that when it appears to the satisfaction of the minister charged with the administration of this Act that the standard price of pig lead in London, England, exceeds twelve pounds ten shillings1 sterling per ton of two thousand two hundred and forty pounds, such bounty shall be reduced proportionately by the amount of such excess.
2. Payment of the said bounty may be made from time to time to the extent of sixty per centum of the full bounty authorized, subject to the adjustment at the close of each fiscal year. If at the close of any year it shall appear that during the year the quantity of lead produced, on which the bounty is authorized, exceeds thirty-three thousand1 three hundred and thirty-three tons' of two thousand pounds, the rate of bounty shall be reduced to such sum as will bring the payments for the year within the limit mentioned in section one.
3. If at any time it shall appear to the satisfaction of the Governor in Council that the charges for transportation and treatment of lead ores in Canada are excessive, or that there is any discrimination which prevents the smelting of such ores in Canada on fair and reasonable terms, the Governor in Council may authorize the payment of bounty at such reduced rate as may be deemed just, on the lead contained in such ores* mined in Canada and exported for treatment abroad.
4. The said bounties shall cease and determine on the thirtieth day of June, one thousand nine hundred and eight.
5. The Governor in Council may make regulations for carrying1 out the intention of this Act.
He said : I beg to say that His Excellency the Governor General, having been made acquainted with the subject matter of this resolution, recommends it to the consideration of the House.
Motion agreed to.