Perhaps. I think this will appeal to some hon. gentlemen who know how proxies work out at political conventions. It is really on the same principle. The proxies might come in the pocket of one man and the Grain Growers are trying to protect themselves against that sort of thing. However, I accept the suggestion of my hon. friend the Minister of Finance.
I think I should point out the principal reason why the Grain Growers Grain Company are asking for
this change in their form of Government in order to do away with proxy voting. There are over 18,000 shareholders. Each of these shareholders has a vote; that is a man with one share has the same voting power as a man with ten shares. There have not yet been at any of their annual or other meetings, I understand, over 300 shareholders out of 18,000. On one occasion a man came in with some 400 proxies. It would be the easiest matter in the world for three or four men to spend a little time or a little money, in writing for proxies, come to the annual meeting, vote the president and directors out of business, change the whole system and set aside the wishes of the great majority of shareholders. This has been found to work well in actual practice with the Saskatchewan Cooperative Elevator Company, another huge company, not connected with the Grain Growers Grain Company, but a company that handles between 10,000,000 and 20,000,000 bushels of wheat a year. They have some 230 elevators throughout Saskatchewan and applications are in for some 300 more. They adopt the same system in their government. The Alberta Co-operative Elevator Company also adopt the same principle, and it has been found to work very well. This request comes from the Grain Growers Grain Company, and it is based on a resolution passed unanimously by their directors. Personally, I think it is in the interest of the individual shareholders that this change in the government should be made, when you consider the fact that under the amalgamation their shareholders will extend from here to Banff. . While I think it is right, I am quite agreeable to the suggestion made by the hon. Minister of Finance that the matter should stand over until another day in case there is any real objection. At the present time I do not know of any real objection to it.
Justice has no information upon the subject of these questions except that upon inquiry of the Deputy Postmaster General he is informed that the attention of the Post Office Department was called to the fact that the Daily Racing Form was publishing racing tips, so-called stable information, and practicing other incitements to betting, and an order prohibiting the paper was therefore issued by the Post Office Department on 25th February, 1916. Subsequently, however, the publishers of the Daily Racing Form wrote to say that the issues which had been specially objected to as containing Tacing tips had been sent by mistake to Canadian subscribers; that the Canadian edition was not intended to contain advertisements of sellers of tips, and that it was the intention of the publishers to conform scrupulously to the terms of the Miller Bill as regards this Canadian edition. In view of this assurance the order prohibiting the paper was withdrawn. So far as known to the Post Office Department the promise has been faithfully lived up to, and there would now appear to be no reason under the post office regulations why this paper should be excluded from the Canadian mails. In view of the above information, the minister does not feel called upon to take any steps against this paper at present.