June 24, 1925

LIB

Hewitt Bostock (Speaker of the Senate)

Liberal

Mr. SPEAKER:

I have the honour to inform the House that a message has been received from the Senate acquainting thi3 House that the Senate doth insist on its amendments made to Bill 182, an act for the relief of the depositors of the Home Bank of Canada, for the following reasons:

That the Senate in its action did not change the directing principle of the bill, which provided not for the satisfaction of a legal claim on the part of the creditors of the Home Bank, nor of a "moral claim in equity" which would have called for full payment of such claims but for a compassionate relief therefor limited to thirty-five per cent of the losses incurred; and for the further reason that the Senate has not in its amendments exceeded its well understood and long established rights in respect of money bills.

Right Hon. W. L. MACKENZIE KING

(Prime Minister) moved:

That a message be sent to the Senate respeotfullly requesting a free conference with their honours to consider certain amendments made by the Senate to Bill No. 182, an act for the relief of the depositors of the Home Bank of Canada, to which amendments this House has not agreed and upon which the Senate insist, and any amendment which at such conference iit may be considered desirable to make to said bill or amendments thereto.

That the Clerk do carry the said message to the Senate.

Topic:   HOME BANK DEPOSITORS
Permalink

Motion agreed to. On motion of Mr. Mackenzie King the House adjourned at 1.25 a.m. (Thursday). Rural Credits Thursday, June 25, 1925


June 24, 1925