January 24, 1910

LIB

Henry Horton Miller

Liberal

Mr. MILLER.

The Bill as we have it states that the name should be ' The Manufacturers Fire Insurance Company.' In committee it was agreed, and consented to by the promoters of the Bill, that in the House the title should be changed, and that the name should be the Factories Fire Insurance Company. If necessary, I will move that the name be changed to the Factories Fire Insurance Company.

Topic:   MONTMAGNY FIRE INSURANCE COMPANY.
Subtopic:   MONTMAGNY FIRE INSURANCE COMPANY.
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LIB

Gilbert Howard McIntyre (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

Mr. DEPUTY SPEAKER.

I understand the rule is that, while the Bill itself may be amended in committee, the title has to be amended in the House.

Bill reported.

Topic:   MONTMAGNY FIRE INSURANCE COMPANY.
Subtopic:   MONTMAGNY FIRE INSURANCE COMPANY.
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NORTHERN MORTGAGE COMPANY OF CANADA


On the motion that Bill (No. 33) to incorporate the Northern Mortgage Company of Canada-Mr. A. Haggart-be read the third time.


LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

I would be glad if the hon. gentleman in charge of the Bill would allow the third reading to stand until next meeting. An hon. gentleman in the House has called my attention to some provisions in it. I am not taking any exception but Mr. JAMESON.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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LIB

Louis Lavergne

Liberal

Mr. LAVERGNE moved:

That Bill (No. 51) respecting the Montmagny Mutual Fire Insurance Company and to change its name to the Manufacturer's Fire Insurance Company be now passed, and that the title be entered on the Order Paper as the Factories Insurance Company.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON

David Henderson

Conservative (1867-1942)

Mr. HENDERSON.

This is the Bill to which I had reference a moment ago where the change in name takes place. I mentioned the fact that the Minister of Finance was not in his place. -I take no exception to that, I know that he has many things to attend to, but I am aware that in former years the minister has been very particular about names contained in various Bills in order that no one company will get any possible advantage over another in the matter of its name. We all regret perhaps that the Dominion bank ever secured that name because we believe it gives it a decided advantage over every banking institution in the country. It seems to me that The Factories Insurance Company is too general and it might give the impression all over the country that this is the only company that has to deal with factories. I think it is of too general a character and that the Bill should be amended in some way. I would like to hear the opinion of the Minister of Finance upon it.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

I have not had the matter before me. My hon. friend (Mr. Henderson) is correct in saying that in the committee we have endeavoured to guard

against a confusion or similiarity of names which would lead to one company being mistaken for another. That, after all, is the main purpose. I will not pretend to say that the word ' factories,' is a word that can be patented by any body, but I do not think it would lead to any confusion. I do not think it would be alleged that this is the name of another company or that it is similar to the name of another company. My hon. friend's point is that it might convey the impression that this is the only company that has the right to deal with factories.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON
LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

I am afraid that upon that principle you might shut down upon a great many names. I have not had the opportunity of thinking it over and at present I do not feel like opposing the Bill.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

It seems pretty close to the Manufacturers' Insurance Company, and there might be some objection to it on that ground.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

Do the Manufacturers' Insurance Company object?

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON
LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

Was there any representation on that point?

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON

David Henderson

Conservative (1867-1942)

Mr. HENDERSON.

No, I am not aware that there was, but that is not the main point. I think the name is too general. We have always objected to a name of a too general character which would seem to give a particular company an advantage over all other companies doing a like business. It might create a wrong impression in the country. Agents might make use of it. It might be represented that they have a right to deal with factories over that of any other company.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON

George Eulas Foster

Conservative (1867-1942)

Mr. FOSTER.

The company came to this House under the name of the Mont-magny Mutual Fire Insurance Company and asked for powers. That is a remarkable localized name. It implies that it belongs to a county, that its capital is chiefly in that county and its management is a small one. You take that up immediately and elevate it to the Factories Insurance Company. You take away all idea of locality and make what is really a local company as wide as the name implies. That gives too much of an advantage. A man would look upon that company as a large company. It is not limited to anything; it is not a county or a provincial company. It is given the broad designation of the factories company. It has two objections, to my mind, the first one being that it gives 73

too much of an advantage to a localized, small company and, of course, if it gives an advantage it is to the disadvantage of all insurers. The other is that it takes a general appellation which shuts out every other company. Suppose another company with three times the capital and three times the influence comes forward and wants to call itself the Factories Company. If all the capital in the Dominion of Canada is behind it it cannot do it. It has to give precedence to a small local company-. These are, I think, two strong objections to that kind of a name. I think it ought to be localized in some kind of a way. Taking that general name you prevent any_ other aggregation of capital from ever asking^ or taking that general name and in allowing that to be used as a cognomen you limit it to this company or else you violate the rule against one company taking the name of another.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

I do not think any injustice can be done by permitting this company to take the name. It is surely a case of first come first served, and the fact that this is a small company should not deprive it of the right to use the name. As to this being a general appellation, surely if a. company should call itself the Farms Building Insurance Company it would simply indicate that they were making a specialty of that class of business, and it would not be reasonable to say that no other company should insure farm buildings. I have only seen the Bill a moment ago and I have not considered the question, but I do not think there can be any objection to the name.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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CON

George Eulas Foster

Conservative (1867-1942)

Mr. FOSTER.

We should have some regard to the constitution of the company, its capitalization, its powers and the like of that. Suppose an insignificant company were to ask us to give it a name applicable to the whole country and thereby debarred for ever after any other large company taking the same name, I think the fact that the former company was small and insignificant should have weight with us, in connection with a general name. I do not know whether this is a powerful company or not, but judging by the fact that it takes the name of a county I should think it was limited in its scope.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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LIB

Onésiphore Ernest Talbot

Liberal

Mr. TALBOT.

I would, ask the Speaker to name some other member as seconding the motion for a change ol name. That company does a great deal of business in my countv and I might be called to account for creating confusion if the name be changed.

Bill reported, read the third time and passed.

Topic:   NORTHERN MORTGAGE COMPANY OF CANADA
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SECOND READINGS.

January 24, 1910