_ Mr. GRAHAM moved the second reading of Bill (No. 156) to amend the Department of Railways and Canals Act. He said: Mr. Speaker, the object of this Bill is to put upon the statute authority for the establishment of certain funds in connection with the management of the Intercolonial railway. As a matter of fact, these funds have been established in a way for some years. We have a fund, for instance, for the renewal of equipment, that is for the purchase of cars, and another for the renewal of rails. I want to establish one also to facilitate the payment of loss hy fire out of revenue where the loss should be paid out of the receipts of the road. In discussing this with the Finance Department, and with the Auditor General it was thought wise to amend the Act to give the department authority to establish these funds, so that there will be no question Irereafter about it or about the depositing of money in them, and the payment of money out of them.
Motion agreed to, Bill read the second time, and House went into committee thereon.
On section 1,