Mr. W. F. MACLEAN.
Mr. Chairman, before you report the Bill as the hon. Minister of Finance is in his place-and I am very glad to see him here looking so well-I wish to call his attention to the general insurance question, and particularly to the question which has arisen over in the United States.
I am only going to take a moment because I would like to discuss this matter with him later on in the session, but I wish to give him notice to-day that a very serious question has arisen in the United States in regard to life insurance as controlled by private companies. He must know, as every one, I imagine, knows, that it came out the other day in the city of New York that the great Equitable Life Insurance Company of that city, that now controls five hundred millions of money in trust for its policyholders, is absolutely under the control of one man, who, with his family, owns $75,000 of the paid up stock of $100,000 which gives him the control of that company.