Motion agreed to, and debate adjourned. EUROPEAN WAR CREDIT, $100,000,000.
Right Hon. Sir ROBERT BORDEN moved that the House go into Committee to consider the following proposed resolution:
1. That it is expedient to provide that a sum not exceeding one hundred million dollars ($100,000,000) be granted to His Majesty towards defraying any expenses that may be incurred by or under the authority of the Governor in Council during the year ending 31st day of March, 1916, for:
(a) The defence and security of Canada:
(b) The conduct of naval or military operations in or beyond Canada ;
(c) Promoting the continuance of trade, industry and business communications, whether by means of insurance or indemnity against war risk or otherwise; and
(d) The carrying out of any measures deemed necessary or advisable by the Governor in Council in consequence of the existence of a state of war.
2. That the Governor in Council be empowered to raise by way of loan, temporary or otherwise, such sums of money as are required for the purpose of making any payment authorized by any Act founded on these resolutions.
3. That the principal raised by way of loan under this Act and under the War Appropriation Act, 1914, and the interest thereon shall be chargeable on the Consolidated Revenue Fund.