I move that the bill be not now read a third time but that it be referred back to the committee of the whole with instructions that they have power so to amend it as to provide that the Bank of Canada shall be government owned and controlled.
As I understand it, the unanimous consent of the house has not been given to the alteration or the withdrawal of
the amendment. The amendment and the subamendment are both still before the house and, consequently, the hon. member for Charlevoix-Saguenay (Mr. Casgrain) is not in order in moving a further amendment.
Mr. Speaker has not yet ruled upon the point of order. The point of order is that you cannot have three alternatives, nor twenty-three nor thirty-three on an amendment to the third reading of a bill. If it is good for three it is good for fifty-three, sixty-three or one hundred and three. I ask the Speaker to rule that the amendment and the subamendment are out of order and then we can proceed with the motion for the third reading of the bill.
On the objection taken by the Prime Minister (Mr. Bennett) to the form of the amendment, I consider the amendment out of order. I consider it out of order on the further ground that it is a motion entailing the expenditure of public money. Such a motion can be considered by the house only on a day later than it is introduced and it must be introduced by a cabinet minister. For these two reasons I rule the amendment and subamendment out of order.
I move, seconded by the hon. member for North Battleford (Mr. McIntosh) that the bill be not now read a third time but that it be referred back to the committee of the whole with instructions that they have power so to amend it as to provide that the Bank of Canada shall be government owned and controlled.
In connection with the ruling of Your Honour with respect to this amendment entailing the expenditure of public money, I respectfully submit that Your Honour is not correct. I submit that this amendment does not entail the expenditure of one single cent of public money. If the Bank of Canada was already set up and was functioning, if the capital had been subscribed and we were transferring that capital from a private institution to the public domain, then Your Honour's point would be well taken. Up to the present we have not spent a single cent of public money and by setting up public ownership, as recommended in the amendment of the hon. member for
Bank of Canada-Point of Order
Charlevoix-Saguenay (Mr. Casgrain), we are not involving the expenditure of one single cent of public money. I submit in the strongest possible way that the amendment is in order and if Your Honour insists upon your ruling I shall be compelled to appeal.
I have not the reference before me at the moment, but I suggest that this bill was preceded by a resolution which provided for the setting up of the bank. I submit that this amendment would fall within that resolution which has been submitted to the house and carried.
As hon. members have not given me any reasons to induce me to change my ruling, the ruling is that the amendment is out of order. The Speaker having ruled that the amendment moved by the hon. member for Charlevoix-Saguenay (Mr Casgrain) to the motion that Bill No. 19 be not read a third time is out of order, the hon. member appeals from that decision.