A. J. O'Reilly and G. D. Finlayson, from IB to 1A; F. R. Crosby, W. H. Gilliland and A. N. MacTavish from 2A to IB; F. A. Evans from 2B to 2A; and Miss Moyer from 3B to 3A. The rest of the increases are all statutory.
four clerks in that branch due to increase in the public business generally. I think we may trust the Auditor General to see that he does not employ a larger staff than is absolutely necessary for this important work.
At the close of the last session of Parliament it was intimated by the right hon. Prime Minister (Mr. Borden) that some legislation would be introduced this year to assist in repairing the losses made by the depositors in the Farmers' Bank. Is that legislation to be brought down, and what is the nature and extent of it?
- Mr. SINCLAIR: May I suggest to the Government that when the legislation is introduced it be of a general nature, not referring particularly to the Farmers' bank. I am told that a number of other banks got into trouble in the past, and are in somewhat the same position as the Farmers' bank; instead of having an Act referring particularly to the Farmers' bank, we should have an Act which would apply to any bank in which the shareholders and depositors have made losses under similar circumstances, if we are going to become responsible.
My hon. friend might also call the attention of the Minister of Finance to the fact that a great loss has 46J
been suffered by the shareholders of the Union Life and subsidiary companies. A great many shareholders have been practically ruined and a great deal of distress has resulted from the winding up of these companies. I hope we can have the promise of the acting Minister of Finance (Mr. Perley) that this matter will have the attention of the Government.
As to whether the Department of Insurance is acting with the Attorney General of Ontario in the cases against the directors of the Union Life, the superintendent of insurance is not here this evening, but the deputy informs me that he is quite sure that the superintendent of insurance is in touch with the Department of the Attorney General of Ontario in regard to the matter.
Mr. Chairman, I wish to ask the honourable Minister (Mr. Perley) what the Government intends to do abut refunding to the shareholders of the Farmers' Bank their money? Last year I asked the honourable Prime Minister the same question, that is, I asked him whether he intended to bring down a measure whatever to the effect of refunding the amounts deposited at the Farmers' Bank, mentioning at the same time, the people who had deposited money at the Banque de Saint Jean.
I wish that the honourable Minister, when he speaks to the Prime Minister about this, should also submit to him the case of the Banque de Saint Jean and of the Banque Ville Marie.
May I add that I would see with pleasure everybody indemnified for the losses he has suffered?