May 22, 1918

UNION

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Unionist

Mr. DOHERTY:

It has been asked for by the Bankers' Association. I move the second reading of the Bill.

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink

Motion agreed to, and Bill read the second time. The House went into committee on the Bill, Mr. Boivin in the Chair. On section 1:


L LIB

Rodolphe Lemieux

Laurier Liberal

Mr. LEMIEUX:

What will the public think of this change?

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink
UNION

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Unionist

Mr. DOHERTY:

It merely makes a man's note subject to protest half an hour sooner than it otherwise would be. A very large number of young men have voluntarily enlisted from the staffs of the banks and others are taken under the Military Service Act. If the banks are obliged to defer action until three o'clock in the afternoon, they have to keep their staffs, now greatly reduced, working very late.

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink
L LIB

Rodolphe Lemieux

Laurier Liberal

Mr. LEMIEUX:

Is this intended to be permanent?

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink
UNION

Charles Joseph Doherty (Minister of Justice and Attorney General of Canada)

Unionist

Mr. DOHERTY:

Only during the war, and a year after.

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink
L LIB

Frank S. Cahill

Laurier Liberal

Mr. CAHILL:

Suppose a man's note was protested at half past two and the bank is open for deposit until three? He might expect by three o'clock to have money in the bank to cover the note?

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink
UNION

Alexander Kenneth Maclean (Minister Without Portfolio)

Unionist

Mr. A. K. MACLEAN:

It is proposed that the banks shall close during the period of the war at half past two o'clock. The banks might d'o that without any amendment to the Banking Act, but the Act provides that obligations not paid cannot be protested until three; and that is the purpose of the change.

Topic:   SUPPLY.
Subtopic:   BILLS OF EXCHANGE ACT AMENDMENT.
Permalink

Section agreed to. Bill reported, read the third time and passed. On the motion of Sir George Foster, the House adjourned at 2.39 a.m., Thursday. Thursday, May 23, 1918.


May 22, 1918