March 7, 1910

LIB

George Perry Graham (Minister of Railways and Canals)

Liberal

Air. GRAHAM.

I think not, but we can let the Bill stand for third reading in order to have that matter looked up.

Bill reported.

VANCOUVER, VICTORIA & EASTERN RAILWAY & NAVIGATION COMPANY.

House in Committee on Bill (No. 99) respecting the Vancouver and Eastern Railway and Navigation Company.-Air. Burrell.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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Duncan Graham

Air. GRAHAAI.

The hon. member (Air. Burrell) who is in charge of this Bill, is not present.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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CON

George Henry Barnard

Conservative (1867-1942)

Air. BARNARD.

The hon. member asked me to take charge for him.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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Duncan Graham

Air. GRAHAAI.

Can the hon. member (Air. Barnard) tell me, if the original charter-this is an extension, I believe-includes clauses about water-powers?

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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CON

George Henry Barnard

Conservative (1867-1942)

Air. BARNARD.

I do not know. This is an old incorporation.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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CON
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Air. EAIAIERSON@

I believe that the original charter contains no rights with regard to water-powers. This company was incorporated by the legislature of British Columbia, and, at a later date, came before this parliament. This is a renewal. There were amendments, one particularly, limiting the extension of time to those branches or extensions the termini of which were definitely named. The amendment suggested by the Railway Committee, I think, was accepted by the hon. gentleman in charge of the measure.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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Duncan Graham

Air. GRAHAAI.

Let it go to the third reading, but allow it to stand then and we can deal with it later.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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CON

George Henry Cowan

Conservative (1867-1942)

Air. COWAN.

I have here the original charter, and it gives no power to acquire water rights.

Bill as amended reported, and read the third time, and passed.

Topic:   PRINCE ALBERT AND HUDSON BAY RAILWAY.
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THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.


Air. CARVELL moved second reading of Bill (No. 150) respecting the Restigouche Boom Company and to change its name to the Restigouche Log and Boom Driving Company.


CON

George Halsey Perley (Whip of the Conservative Party (1867-1942))

Conservative (1867-1942)

Air. PERLEY.

Before this motion passes, I would like to suggest that this Bill be referred to the Public Works Department and carefully gone over. It is a very complicated Bill with many powers and no doubt intended for a very good purpose, but there are some curious things in it. For instance, there is a provincial charter referred to in section 27, and this section empowers the company to buy up and extinguish the present shares of this provincial company and force the shareholders to take in lieu bonds in the new company. I question whether this parliament has the right to give any such authority. Then there are no names of shareholders mentioned in the Bill.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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LIB

Frank Broadstreet Carvell

Liberal

Air. CARVELL.

This company has been doing business 'some 25 or 30 years on the Restigouche river both in Quebec and New Brunswick, and its business is increasing very rapidly. A cut of 25,000,000 feet a year was at one time considered fairly good, but last year the cut exceeded 100,000,000 and this year will likely peach 125,000,000. The facilities of the boom company are entirely inadequate to hold the lumber for certain periods, and the only way possible to get additional fa-

cilities is to take a portion of the rights on the province of Quebec side. Application was made to this parliament a number of years ago to secure this extension of rights, but because of the opposition of one important bond or stockholder, it was allowed to drop. I am now in a position to assure my hon. friend that every stockholder in the old company has agreed to the proposition and the stockholders are really promoting this Bill. They will be represented by their solicitor who has been here on two occasions, and the Bill has been redrafted by the solicitor of the old company and the law clerk. There will be no objection from any of the old stockholders, and the understanding is that the stockholders shall take the bonds in the new company for their stock.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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Mr. .T. HAGGART@

Is the old company a provincial one?

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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LIB
CON

John Graham Haggart

Conservative (1867-1942)

Mr. J. HAGGART.

In that case we should not empower them to sell to this company.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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LIB

Frank Broadstreet Carvell

Liberal

Mr. CARVELL.

It would do no harm to give the power. We can create the new company and give it the power to purchase. The matter will be one for the old company to work out at their end if necessary. This is in the interests of the company. I would like to have the Bill pass its second reading to-day because I understand there are some interests opposing the Bill, and I should like to have the Bill go before the Private Bills Committee so as to give every one interested sufficient time to be present.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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CON

William Wright

Conservative (1867-1942)

Mr. WRIGHT.

Is it not, necessary that those who are promoting the Bill should have their names in the charter?

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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LIB

Frank Broadstreet Carvell

Liberal

Mr. CARVELL.

-I am not promoting the Bill myself, but am speaking on behalf of my hon. friend from Restigouche (Mr. Reid). I know, however, a great deal about the old corporation and something about the preparation of this Bill. I supposed that the names of the gentlemen applying were in the Bill; but if not, they can be put in the Bill in committee if necessary.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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CON

George Halsey Perley (Whip of the Conservative Party (1867-1942))

Conservative (1867-1942)

Mr. PERLEY.

I have no desire to block the second reading. No doubt the Bill is for a very good purpose, but there is a company on the Ottawa river very similar to this one, all the tolls of which are under the Public Works , Department and have every year to be submitted to the government before thev become law. There is no provision in this charter in that regard whatever. If there are no shareholders, at the end of 30 years when the bonds run out, who will own these works? There is no provision as to who will pwn Mr. CARVELL.

them when that time is over. There are officials in the Public Works Department who have had to do with this kind of work many years and this charter should be submitted to those officials, who understand their business, before it is brought to the committee. The members of the committee necessarily cannot be conversant with the technical details of a Bill of this kind.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COAIPANY.
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March 7, 1910