Mr. A. U. G. BURY (East Edmonton) presented the second report of the select standing committe on standing orders.
He said: By leave of the house I beg to move:
That the second report of the select standing committee on standing orders relative to the suspension of standing order 92 be concurred in.
Richard Bedford Bennett
(Prime Minister; President of the Privy Council; Secretary of State for External Affairs)
This bill is an amendment to the Railway Act to require the railway companies, before abandoning the operation of any line of railway, to get the approval of the Board of Railway Commissioners. It puts the matter in accord with the measure with which we are dealing at the present time, Bill No. 37.
Motion agreed to and bill read the first time.
Topic: RAILWAY ACT AMENDMENT
Subtopic: ABANDONMENT OF RAILWAY TO BE APPROVED BY RAILWAY COMMISSIONERS
Lender the British North America Act the matter of interest rates was left in the jurisdiction of this parliament. The present Interest Act states:
Except as otherwise provided by this or by any other act of the parliament of Canada, any person may stipulate for, allow and exact, on any contract or agreement whatsoever, any rate of interest or discount which is agreed upon.
I think it is desirable, under present financial conditions, that a maximum rate of 5 per cent should be established by this parliament, and that is -the purpose of the bill which I am now introducing.
matter, but I would ask the hon. gentleman whether he has considered the question that arises in connection with the act relating to allegiance, because we have a common oath that was established by arrangement. This matter has engaged the attention of some of the law officers of the crown and it is thought we should have a conference with respect to the whole situation of the nations affected because in 1911 we agreed, in connection with naturalization, to accept a certain form. I quite appreciate the point the hon. gentleman has made, but I ask him to consider the matter from that angle.