February 12, 1914

CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

There is one clerk additional in the 2B at a salary of $1,000. I have the details as to certain clerks who have been promoted to the next subdivision.

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LIB
CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

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.

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LIB

Alexander Kenneth Maclean

Liberal

Mr. A. K. MACLEAN:

Is the Finance

Department acting with the Attorney General of Ontario in the prosecutions that are being carried on against the directors and manager of the Union Life Insurance Company?

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

I will get that information.

Civil Government-Office of the Auditor General-Salaries and contingencies, $139,950.

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

There is an increase of

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.

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LIB

Alexander Kenneth Maclean

Liberal

Mr. MACLEAN:

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?

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

I am unable to give the

information except to say that, so far as 1 know, the Bill has not yet been prepared.

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

That will be in the hands of the Minister of Finance himself and as soon as he is able to get about-

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LIB

Alexander Kenneth Maclean

Liberal

Mr. MACLEAN:

But a matter of Government policy will not be in the hands of the Minister of Finance.

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

My hon. friend may rest assured that the promises of the Prime Minister are always carried out.

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CON

William John Macdonald

Conservative (1867-1942)

Mr. MACDONALD:

Except the Halifax

platform. [DOT]

- 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.

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

The attention of the hon. Minister of Finance will be drawn to the suggestion of my hon. friend.

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LIB

Alexander Kenneth Maclean

Liberal

Mr. A. K. MACLEAN:

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.

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

Does my hon. friend consider that the loss to the shareholders of the Union Life was caused by anything that was or was not done by the Department of Finance at the time that company was incorporated?

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LIB

Alexander Kenneth Maclean

Liberal

Mr. A. K. MACLEAN:

I would say, just as much as in the ease of the Farmers' bank, and the evidence and the report of the Royal Commissioner would fully sustain that position.

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

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.

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LIB

Roch Lanctôt

Liberal

Mr. LANCTOT (Translation):

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?

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CON

George Halsey Perley (Minister Without Portfolio)

Conservative (1867-1942)

Mr. PERLEY:

I will give to my hon.

friend the same answer as I gave to the hon. member for Guysborough (Mr. Sinclair). I will see that my hon. friend's remarks are brought to the attention of the Minister of Finance himself.

Civil Government-Department of the Secretary of State-Salaries and contingencies, $82,725.

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February 12, 1914