May 30, 1913

CON

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Conservative (1867-1942)

Mr. DOHERTY:

The salary of the warden is $2,200; of the deputy warden, $1,500. They have the usual privilege of heat and light.

Topic:   PENITENTIARY ACT AMENDMENT.
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LIB

Charles Avila Wilson

Liberal

Mr. WILSON (Laval):

If this resolution is assented to, these salaries will come into effect immediately?

Topic:   PENITENTIARY ACT AMENDMENT.
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CON

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Conservative (1867-1942)

Mr. DOHERTY:

Yes.

Topic:   PENITENTIARY ACT AMENDMENT.
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LIB

Charles Avila Wilson

Liberal

Mr. WILSON:

So that the warden who is getting $2,200 now will get $2,800, and so on?

Topic:   PENITENTIARY ACT AMENDMENT.
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CON

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Conservative (1867-1942)

Mr. DOHERTY:

Yes.

Topic:   PENITENTIARY ACT AMENDMENT.
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LIB

Charles Avila Wilson

Liberal

Mr. WILSON:

The deputy warden at St. Vincent de Paul is getting $1,500. Therefore his increase will be only $300. The deputy warden at another point is getting $1,400. Therefore his increase will be $400. The salary of the warden at Kingston will be increased by only $200, because his present salary is $2,600.

Topic:   PENITENTIARY ACT AMENDMENT.
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CON

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Conservative (1867-1942)

Mr. DOHERTY:

But this is necessary in order to bring them all to the same salary level.

Topic:   PENITENTIARY ACT AMENDMENT.
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LIB

Charles Avila Wilson

Liberal

Mr. WILSON:

If I may be allowed, I

will refer to the surgeon. Here I find a great discrepancy concerning which I would like an explanation from the minister. A surgeon now receiving $1,700, and a superintendent of insane ward $1,000. At present, Dr. Phelan in Kingston, gets $2,400, and I understand, is superintendent of the insane ward. He will hereafter draw both salaries-$1,700 as surgeon, and $1,000 as insane superintendent. Starting with the priniciple enunciated by the minister that the salaries should be equal, I do not see why there should be such a difference between the surgeon in Kingston and the surgeon in St. Vincent de Paul. I see that the surgeon at St. Vincent de Paul is to receive an increase of $100, and I am very glad of it, for, though he is one of my worst opponents in the county, we do not deal with these matters on political grounds. I would suggest, however, that the surgeon at St. Vincent de Paul should receive the same salary as the surgeon in Kingston and the same with similar officers throughout the Dominion. Dr. Phelan receives $2,700, and more than that, I understand, he is exempted from the restriction applied to other surgeons prohibiting them from outside work.

Topic:   PENITENTIARY ACT AMENDMENT.
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CON

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Conservative (1867-1942)

Mr. DOHERTY:

No, the Act is the same for all. It provides that the salaries shall be not more than the sums fixed and that the persons to whom they are paid shall give their time exclusively to the service of

Topic:   PENITENTIARY ACT AMENDMENT.
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LIB

Henry Robert Emmerson

Liberal

Mr. EMMERSON:

The following

amendment was placed by me before the committee and it was bowled out very summarily:

That the said section 91 be amended by adding thereto the following:

' And all payments made by or on behalf of any borrower, whether paid voluntarily or otherwise, and all moneys accepted or retained by or on behalf of any bank under the provisions of this section for interest or discount charges in excess of said rate of seven per cent shall be recoverable by the person, firm, or corporation so making such payment or from whom such interest or discount is exacted or retained, in an action in any court of competent jurisdiction.'

When that was disposed of, I then proposed the amendment as to the monthly statement and that was accepted, but at a la.ter date it was also thrown out. I call attention to the fact that this amendment was offered in the Banking -and Commerce Committee.

Topic:   PENITENTIARY ACT AMENDMENT.
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Amendment agreed to. On section 64-bank circulation redemption fund:


CON

William Thomas White (Minister of Finance and Receiver General)

Conservative (1867-1942)

Mr. WHITE:

I wish to suggest an amendment to section 64 which is of some importance. Section 64 refers to the circulation redemption fund, and members of the committee are doubtless aware that all the banks have to contribute an amount equal to five per cent of the average mote circulation to that fund, which constitutes a security for the note circulation of the banks. We are providing a gold reserve against which the banks may issue notes in excess of the amount of note circulation which they may now issue against their paid-up capital and against the fifteen per cent of the paid-up capital in reserve in the emergency period. Mr. McLeod, who appeared before the committee, wrote to me about this from London, and I think he is entirely correct in his views. He says that it is mot necessary for the banks to contribute five per cent in respect to the note circulation which is issued against gold. In other words, it is the note circulation, which is issued against paid-up capital, and the so-called emergency circulation that .should be safeguarded by the contributions of the banks. Therefore, in order to give effect to that recommendation and suggestion, which I have said is a very pertinent and good one, I move, that section 64, sub-section 8, be amended by inserting, after deleting the period, after the word ' relates,' the following:

Provided, however, that in determining the average note circulation of a bank under this sub-section the daily average for each month of the amount of the bank's deposit, (if any) in the central gold reserves, which has not 328

Topic:   PENITENTIARY ACT AMENDMENT.
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REVISED


been withdrawn or deemed to be withdrawn within the meaning of this Act, shall be deducted from the greatest amount of the notes of the bank in circulation at any time during the month. That means that the banks shall contribute five per cent of the balance. As regards the note circulation secured by gold, that is absolutely secured. That leaves it precisely as it is at present so far as the constitution of the banks is concerned towards a guarantee of the note circulation of the banks. In so far as the note circulation of the banks is safeguarded dollar for dollar by gold deposited under the provisions of the new Act, it is not necessary to contribute for that.


LIB

George Perry Graham

Liberal

Mr. GRAHAM:

If it had not been for the provisions of the new Act in adding to the gold security, this would not have been necessary.

Topic:   REVISED
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CON

Amendment agreed to. On section 114-annual returns for unpaid dividends and balances:


CON

William Thomas White (Minister of Finance and Receiver General)

Conservative (1867-1942)

Mr. WHITE:

The hon. member for Westmorland (Mr. Emmerson) made a suggestion that we should insert the words ' certified cheque ' in line 40, page 57 of the reprinted Bill after the word ' balance.' The purpose is to make the term slightly more complete.

Topic:   REVISED
Permalink

Amendment agreed to. Bill reported.


SUPPLY.

May 30, 1913