Right Hon. W. L. MACKENZIE KING (Prime Minister) moved:
That the resolution adopted by this House on Thursday, 27th March, as follows:
"That in the opinion of this House, in view of the failure of the Home Bank and of the fact that official prosecutions and inquiries have been instituted, including the royal commission which has been appointed to investigate the facts alleged in the petition represented by the depositors of the bank and the affairs of the bank generally; and considering that the evidence received and to be taken before the several tribunals will be available for consideration, the select standing committee on Banking and Commerce should be instructed to consider the provisions of the Bank Act with a view to recommending such amendments to the act as will better protect the interests of depositors generally and will prevent similar occurrences in the future; and also to consider the report of the royal commission in its bearing upon these matters and with respect to the possibility of saving the Home Bank depositors from loss."
be referred to the select standing committee on Banking and Commerce for such action as the committee may deem advisable.
Subtopic: RESOLUTION REFERRED TO BANKING AND COMMERCE COMMITTEE