Bill No. 58, respecting certain patents of The Dynamic Balancing Machine Company. -Mr. Fripp.
Bill No. 59, to incorporate the Gospel Workers Church in Canada.-Mr. Middlebro.
Bill No. 60, to incorporate Montreal, Joiiette and Transcontinental Junction Railway Company.-Mr. Denis.
Bill No. 61, respecting The Toronto, Hamiltqn and Buffalo Railway Company.- Mr. Stewart.
The purpose of this Bill is threefold. The Insurance Act now provides that British and foreign companies shall maintain a deposit with the Department of Finance at least equal to their total liabilities in Canada. The pur-
pose of this Bill is to require that the deposit shall not only equal the amount of their liabilities in Canada, but shall be in excess of their liabilities to the extent of 25 per cent. The second amendment proposed is to increase the initial deposit required of British and foreign companies prior to the commencement of their insurance business in Canada. The amount required to-day is $50,000, and it is proposed to raise that to $100,000. The third amendment proposed is to section 125 of the Insurance Act, which requires Canadian companies to maintain assets at least 15 per cent in excess of their total liabilities. The Bill proposes to raise the amount of this percentage to 25 per cent.
This Bill is introduced for two specific reasons. The first provision refers to the British Columbia salmon fisheries. Heretofore it has been the custom to have the packages or cases labelled to show that the salmon was caught legally, or that the salmon was caught during the open season and not during the closed season. The department has found that this provision of the law has not worked out as satisfactorily as was hoped, and the object of the Bill is to abolish clauses 22, 23, 25, 65 and 66, as a result of which no one will be allowed to catch fish outside of the areas that are closed during the closed season unless he has a license, or unless the boat is licensed. The Indians have a habit, during the closed fishing season, of catching a considerable number of salmon. While they are allowed legally to catch salmon for their own use, they are *forbidden to catch salmon and offer them for sale either to the canners or the dealers. The object is to prevent any one offering salmon during the close season to any canner or dealer, unless either the boat or the man is licensed.
During the cloee season in Canadian waters it has been the practice of some of the Canadian lobster fishermen, and also of some of the American lobster fishermen, to catch lobsters outside of the territorial waters. It is proposed' by this legislation, concurrent legislation being passed by the United States Congress, to prevent the Canadian and American fishermen from
catching lobsters during the close season outside of the territorial waters.