They are different only because the conditions have changed. My views of last session were given in reference to the contract as it stood last session. If there had been no change, there would have been no need of any. discussion about it, but the change was made, and my views of that change were fully expressed to the House at an earlier stage of the discussion while this committee was sitting, and ' Hansard ' has them embalmed in its valuable pages. I do not know that my hon. friend will attach enough importance to them to induce him to look them up again, but if he really does regard them as of any value, I can only refer him to ' Hansard.' I can only assure him in all good faith that nothing has been said to-night that has not been said in previous discussions, and I do -not think that I should fill the pages of ' Hansard ' with a repetition of my own speeches.
Mr. R, L. BORDEN. Comparing the views which my hon. friend has expressed this session with the views which he expressed last session, there is a remarkable ineon-Mr. R. L. BORDEN.
sistency. However, they lie, as he says, embalmed in 'Hansard.' They He in beauty side by side, but they do not resemble each other very much. I do not know that the exact suggestion which is made to-night by my hon. friend who moved this amendment has ever been made before in this House, either during this session or the past session. The amendment is not designed to prevent the Grand Trunk Railway Company from transferring stock, but it is designed to prevent that company from so disposing of stock unless that stock has been subscribed for at par. It leaves it open to the Grand Trunk Railway Company to acquire a very considerable portion of this stock for the mere nominal consideration which has been suggested as the consideration by the president of that Company, but it imposes upon the qualification that the stock obtained for that nominal consideration shall not be put upon the market. If the Grand Trunk Railway Company desires to put on the market any portion of the stock of the Grand Trunk Pacific Railway Company, it must subscribe for that stock payable at par. It seems to me that this amendment accomplishes all the results which have been desired by the government, and safeguards in some measure-able extent at least the public interest. It permits the Grand Trunk Railway Company to acquire a large portion of this stock for a nominal consideration. That seems to be an object, not only desired by the Grand Trunk Railway Company itself, but also desired by the government, but it also safeguards the public interest by providing that stock so acquired, not subscribed for at par, but acquired for a nominal consideration, shall not be placed upon the market and shall not come into the hands of bona fide purchasers for value to be afterwards used in increasing the rates. I do not know that any member of the government has dealt with this amendment from that standpoint or in that light up to the present time. My hon. friend the Minister of Finance, when he refers us, as he is, of course, entitled to refer us, to what he has said in the past, is not giving a very forcible answer, or a very fair answer, to the amendment which has been moved, and to the very logical and forcible speech which has been made by my hon. friend who has just taken his seat.