Hon. E. N. RHODES (Minister of Finance) moved for leave to introduce Bill No. 10, to amend the Farmers' Creditors Arrangement Act, 1934.
He said: Mr. Speaker, the bill provides
for four amendments to the Farmers' Creditors Arrangement Act, 1934. All of them are designed with a view to improving the operation and efficiency of the act and to enable it to accomplish more fully the purposes which were in mind when the original act was passed.
The first amendment enlarges the period of a stay of proceedings from sixty to ninety days. It has been found in practice that in
certain cases official receivers have had before them for consideration as many as 250 applications, and in the nature of things they have not been able to consider them within the sixty day period.
The second amendment is quite important but, as I believe will be found with respect to the others, it is not contentious. As the act stands at present there must be a decision by the full board of review, and there is no provision made for the functioning of the board in the event of one of its members becoming incapacitated either because of illness or for any other reason. This amendment provides that in such circumstances two members of the board may appoint an ad hoc member.
A third amendment is merely to clarify what was originally the intention of the act, namely that the decision of the board of review shall be filed with the clerk of the county court or of the district court, as the case may be. There is an ambiguity in the wording of the act as it stands at present which might make possible the argument that it would be competent for a county court judge to sit in judgment by way of appeal upon a decision of the board of review. This amendment makes it clear that it is intended merely that the decision of the board of review shall be filed for purposes of record with the county court.
The fourth amendment is designed more particularly for the province of Ontario, although by its terms it is applicable to the whole of Canada. It enables the chairman of the board in certain cases to delegate a member of the board to make inquiries in far flung areas and to gather together certain data and
3. Quantities of domestic eggs, butter and countries, calendar years 1931, 1932, 1933 and
To United Kingdom
British West Indies-
Trinidad and Tobago
Other British West Indies
St. Pierre and Miquelon
statistics for the benefit of the board, placing upon him the duty to report back to the board.
Motion agreed to and bill read the first time.