Mr. J. D. REID:
Perhaps that is what the hon. gentleman meant, but he expressed it in such a way that any member of the House or any private citizen who reads his statement might think that the Government were handing all that equivalent stock over and paying four per cent interest on it, and if I had not answered my hon. friend the people would have believed that was the .case. The member for North Cape Breton and Victoria (Mr. McKenzie), when he was speaking the other day, said that if we took over this railway system the Government would be pledged to pay in perpetuity a sum by way of annual interest on the total liabilities of the Grand Trunk, which would include all those stocks. Had the Minister of the Interior not replied to this statement, it would have gone out to the country as correct. Now, that is the answer with reference to the stock.
Subtopic: BILL, PROVIDING FOR THE ACQUISITION OF THE SYSTEM BY THE GOVERNMENT.