Hon. C. J. DOHERTY (Minister of Justice) moved for leave to introduce Bill No. 54, to amend the Criminal Code respecting insurance. He said: This Bill is intended to complement the Bill introduced a few days ago by the hon. Minister of Finance (Sir Thomas White), the new Insurance Act. It was considered that the carrying on of business not in compliance with certain requirements of that proposed Act would involve so serious public wrong as to justify its being dealt with as a matter of criminal law. Further, it is considered desirable that it should be made quite evident that in dealing with the mattar Parliament was dealing with it as a matter of criminal law, and this because of certain views that were expressed in connection with the litigation arising out of the previous Insurance Act.
Motion agreed to, and Bill read the first time.
PENNY [BANK ACT AMENDMENT.
Sir THOMAS WHITE (Minister of Finance), moved for leave to introduce Bill No. 55, to amend the Penny Bank Act. He said: The object of this Bill is to
authorize the boards of directors of penny banks to invest the funds of these banks in Dominion Government securities, subject to the approval of the Minister of Finance.