May 6, 1938

CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

That is contained in

section 14, as reprinted, subsection (2).

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Frederick George Sanderson (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

The copy I have

shows the amendment on section 16.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

But it is already in section 14, Mr. Chairman.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Frederick George Sanderson (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

Shall the section as

amended carry?

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

Which one?

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Frederick George Sanderson (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

Section 16.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

Sixteen? Is that amendment made to section 16, too?

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Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Clarence Decatur Howe (Minister of Transport)

Liberal

Mr. HOWE:

No; I think we already passed the amendment under section 14; section 16 should be passed as it stands.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

Yes. If the minister

will look at section 16 as it stands, he will see the absurdity of what is being undertaken. The governor in council is to allow the new or amalgamated company, which includes a company in the United States of America, to borrow up to S4,000,000. We have already authorized the company incorporated under the legislation to borrow $4,000,000. Surely the minister does not ask any one of us with reasonable intelligence to become a party to this section? I shall not waste time about it. I said at the start that I would content myself with pointing out these facts.

Just look at section 16:

Subject to the approval of the governor in council, the said new or amalgamated company may from time to time borrow-

Up to $4,000,000. We have just authorized the company, which was one of the amalgamated companies, to borrow up to $4,000,000. What is more, how can the governor in council deal with the affairs of a company which is in the United States? The amalgamated company may be in the United States; it says distinctly that this is so. However, I am merely stating my objection.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Clarence Decatur Howe (Minister of Transport)

Liberal

Mr. HOWE:

I think the position is clear. We, the Canadian government, must start the ball rolling by establishing a Canadian company. Similarly, in the United States an American company must be established to obtain rights in that country. This bill permits the two companies to amalgamate, and any act of theirs must be subject to the approval of the Dominion of Canada and, I assume, also subject to the approval of the United States. I believe the last four or five international bridge bills which have passed the house have a similar section, and it seems to me it operates entirely satisfactorily.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

It will not operate in that way if any lawyer worth while deals with it.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Frederick George Sanderson (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

Shall section 16 carry?

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

On division.

Section agreed to on division.

Section 17 agreed to.

Companies' Creditors Act

On section 18-Retirement of corporate obligations.

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Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

In view of the statement made in the letter read the other day, it seems to me section 18 should be somewhat different. I draw the minister's attention to that fact. However, I shall not waste the time of the committee; I am merely pointing it out.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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LIB

Frederick George Sanderson (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

Shall section 18 carry?

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

No.

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Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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Section agreed to, on division. Section 19 agreed to, on division. On section 20-Consent of Niagara parks commission.


CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

It is extremely doubtful whether there is power to enact that section. If it is declared work for the general advantage of Canada, as Mr. Edwards pointed out in his opinion it is within the exclusive jurisdiction of this parliament. We, only, have to deal with it. The section refers to obtaining the consent of the Niagara parks commission. We have the power, I suppose, and ask that they give their authority-if that is what it means.

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Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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Section agreed to. Sections 21, 22 and 23 agreed to.


CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

The preamble has not been passed.

Topic:   PRIVATE BILLS
Subtopic:   NIAGARA FALLS OBSERVATION BRIDGE COMPANY
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May 6, 1938