September 15, 1903

CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

I do not see that it is going to be of any value. It is something like my employing a man to build a bouse for me, and then giving him power of attorney to make a mortgage of that bouse to myself, and then taking elaborate precautions to have the mortgage registered. If you were going to float these debentures in the money market, I could understand the necessity of the provision which my bon. friend the Minister of. Justice proposes to add.

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The MINISTER OF JUSTICE.

I am afraid, on reflection, that my amendment is unnecessary, because there can be no mortgage.

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

That is what I was suggesting. It is the property of the government on which the security is created, and the government is going to bold that security. If you were going to float these debentures, I could understand the provision; but it merely amounts to making an entry on each side of the ledger. There may be some abstruse reason for it; but so far as I can see, it only .means what I have suggested.

Section 26 allowed to stand.

Section 27 agreed to.

Section 28 allowed to stand!.

On section 29-annual report by commissioners,

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

It is not provided here that this report shall be laid on the Table of the House at any particular time. Would not that be desirable ?

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The MINISTER OF FINANCE.

It is contemplated that it should be. I think we bad better add that such report be laid on tlie Table of the House.

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

Within fifteen days of the commencement of the session.

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The MINISTER OF FINANCE.

Like all other reports, as quickly as we can get it down. t

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

Is there not, with regard to certain reports, a statutory provision that they shall he laid on the Table of the House within fifteen days of the opening of the session?

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The MINISTER OF FINANCE.

There is in one or two cases, but I must say that we cannot always comply with it.

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

Perhaps the Minister, of Justice will introduce an amendment containing the appropriate words.

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CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

This is a special expenditure referred to the commissioners by a special Act, and it seems to me that there would be no more difficulty in the commissioners making their report at one part of the year than at another, provided they are instructed so to do. So that they could have their report ready at any time, unless the session of parliament happened to be at a very unusual time.

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The MINISTER OF FINANCE.

There is no objection to that.

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CON

Edmund Boyd Osler

Conservative (1867-1942)

Mr. OSLER.

Is there any fixed time when the commission shall go out of existence ?

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The MINISTER OF FINANCE.

No, that is left for further legislation. The chief duty of the commission is to construct and manage the railway until it is completed. What might happen after that would have to be provided for by subsequent legislation.

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CON

Edmund Boyd Osler

Conservative (1867-1942)

Mr. OSLER.

Section 27 provides that the commissioners shall furnish accounts of all expenditures and liabilities. Are they likely to be in charge during periods when there might be receipts ?

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The MINISTER OF FINANCE.

Yes, they might be when operating, any portion of the road. Section 29 includes the word 'receipts.'

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CON

Edmund Boyd Osler

Conservative (1867-1942)

Mr. OSLER.

Why not include it in the accounts which the commissioners shall be required to furnish under section 27 ?

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The MINISTER OF FINANCE.

There is no objection to insert there the word ' receipts.'

Sections 29 and 30 allowed to stand.

On section 2-agreement in schedule confirmed.

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

I should think that the consideration of section 2 would to a considerable extent depend on some of the sections which are standing.

Section 2 allowed to stand.

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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BORDEN (Halifax).

The Minister of Justice asked for a suggestion with regard

to this audit clause. If my hon. friend will look at section 28, he will find that the books shall be at all times open to the inspection of the commissioners, the Minister of Railways and Canals, and any person appointed by the commissioners or the said minister or the Governor in Council. After the words ' Governor in Council ' I would suggest that the words ' or by the Auditor General ' would be inserted so as to give him the power to examine the books.

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September 15, 1903