May 30, 1921

L LIB

Thomas Vien

Laurier Liberal

Mr. VIEN:

Is the Central Vermont expenditure for construction of new lines or only betterments?

. Hon. Mr. REID: There are no new lines. It is simply items similar to those I have already read.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
L LIB

Thomas Vien

Laurier Liberal

Mr. VIEN:

Are we building new lines

in the United States?

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

No, none whatever.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
L LIB

Lucien Cannon

Laurier Liberal

Mr. CANNON:

The minister told us

that our total liability as regards the Grand Trunk, the Grand Trunk Pacific and the Grand Trunk subsid-

10 p.m. iary lines was $290,000,000, and the deputy minister was to supply information as regards the Canadian Northern. Has the minister received that information?

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

I will get that.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNION

Fred Langdon Davis

Unionist

Mr. DAVIS:

I understand that the figure of $12,000,000 just given by the minister is for improvements upon existing lines?

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L
UNION

Fred Langdon Davis

Unionist

Mr. DAVIS:

Is it in the contemplation of the Government to acquire any other roads; and, if so, will that acquisition he submitted to the House before it is completed?

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

It is not the intention, nor would the Government have power, to

acquire any other roads without getting the authority of Parliament.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNION

Fred Langdon Davis

Unionist

Mr. DAVIS:

It is quite conceivable that the railways acquired may be under contract to take over some other roads, and the Government, assuming their obligations, might acquire those other roads without coming back to the House for authority. I should like to have the pledge of the Government that before any such acquisitions are made they will be submitted to the judgment of this House.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

I stated a few minutes ago that the Grand Trunk Railway cannot go ahead with any construction work or borrow any money without the consent of the Government; and the Government have not power to advance moneys or guarantee bonds or anything of that kind without getting authority from the House. So I can give that assurance to the hon. member. There is no doubt at all that the Grand Trunk will not acquire any new roads. Of course, the arbitrators will have before them all the liabilities of the Grand Trunk and of any subsidiary companies, and they must take those liabilities into account when they make their award.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
L LIB

Lucien Cannon

Laurier Liberal

Mr. CANNON:

In answer to my hon. friend, the minister stated that it was impossible for the Grand Trunk Railway to borrow any money without having the previous consent of the Government, and that it was impossible for the Government to guarantee any liability without having obtained the authority of Parliament. Would the minister be kind enough to state to this committee when consent was obtained from Parliament for the $20,000,000 which we are guaranteeing out of this $89,000,000?

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

The first loan was made, as I understand, a number of years ago by authority of Parliament.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
L LIB

Lucien Cannon

Laurier Liberal

Mr. CANNON:

I do not wish the minister to misunderstand my question. We are asked now to vote $89,000,000, $67,000,000 of which is for cash requirements, and $22,000,000 for guarantees.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L
L LIB

Lucien Cannon

Laurier Liberal

Mr. CANNON:

When did Parliament

give its consent to those guarantees?

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

In 1909 the Government of that day loaned $10,000,000, which fell due in 1919, and in 1911 there was another ten year loan for $9,720,000, a total of $19,720,000. There are five items of interest amounting to $2,351,080. The

items of principal and interest together amounted to $22,071,080. These are in respect of the Grand Trunk Pacific.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
L LIB

Lucien Cannon

Laurier Liberal

Mr. CANNON:

If, then, this is money due to us, the company should be paying the country $19,000,000, instead of our voting them that amount. The thing is absolutely absurd.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
UNI L

John Flaws Reid

Unionist (Liberal)

Hon. Mr. REID:

It is really merely a book-keeping entry.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink
L LIB

Lucien Cannon

Laurier Liberal

Mr. CANNON:

The minister is not

serious when he claims that this is only a book-keeping entry. He explains that this $19,000,000 fell due in 1919 and 1921, and he says that we are giving $19,000,000 to the company in order that they may pay it back to the Government. I say again that the thing is ridiculous.

Topic:   SUPPLY-BERRY AND CURRANT BOXES
Subtopic:   REVISED EDITION. COMMONS
Permalink

May 30, 1921