As a matter of fact no question of policy at all is involved in the repeal of the section. The lawyers of the Department of Justice indicated to the Department of Finance that the section was no longer necessary, and for that reason it is being removed. They did suggest, and we have already passed a provision back on page 2 of the bill, that "The bank is and shall continue to be a body politic and corporate." The advice I have from the legal advisers, to whom I must listen, is that that section is no longer required. My right hon. friend may be right, but when I come to a bill amending another act and have advice from the law officers of the crown that a section of the original act is entirely unnecessary, I follow that advice. That is the reason and the only reason why it is taken out.
Subtopic: BANK OF CANADA
Sub-subtopic: MAJORITY CONTROL BY GOVERNMENT OF CAPITAL STOCK AND BOARD OF DIRECTORS