July 25, 1942

LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

Yes. Representations were also made by the government of the province of Quebec to the same effect. I pointed out that if provincially registered companies were included among those eligible for agreements with the minister, it must be understood that they would be subject to certain requirements by the minister, that as minister responsible for the important operations of this branch which is to issue insurance policies against war risk I must take the position that I could not authorize any company to carry on such important agency business on behalf of the government of Canada unless this government had a deposit from such company and had the right to audit the books and investigate and inspect such company.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

Have

some jurisdiction, in other words?

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

Yes. I pointed out that this government had no right as at present to look at the books of any provincially registered companies, and that we had no deposit from provincially registered companies, and [DOT] therefore I felt it would be much better to adhere to the position that we would authorize only dominion registered companies to carry on this important agency business. I did, however, offer to move the inclusion of the very words which the senate has included here, provided that it was distinctly understood that provincially registered companies would be subject to selection. By that I mean that it may be necessary to exclude a large class of small provincially registered companies; for instance county mutuals, farm mutual, parish mutuals, and so forth, and that if these were included it must also be distinctly understood that the dominion government would require a deposit from them and that regulations would be made subjecting them to inspection if necessary. Those conditions were not satisfactory to the government of the province of Quebec; therefore I felt that the inclusion of these words would simply lead to dissatisfaction and perhaps friction. Consequently I did not move their inclusion when the bill was before the House of Commons. But now that the

senate has inserted these words I am prepared to accept them rather than have any disagreement with the senate over the matter. But at the outset I must make it abundantly clear, so that there will be no misunderstanding in the future, that the conditions which I have mentioned as being indispensable-selection, deposit and inspection-will be the conditions that will obtain.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

Is the minister of the opinion that if the house were to withhold its consent to this amendment it might endanger the whole legislation? Is that the reason why he is acquiescing?

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

No.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

He will agree with me, I think, that the inclusion of the amendment in the bill makes it very much wider than he had originally proposed-

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

Correct.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

-and that none of the limiting obligations to which he has alluded are in this amendment.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

No. .

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

All that has to be done now to include other companies-and they need not necessarily be confined to insurance companies, although I would assume no other company would apply; although perhaps a trust company might-is to satisfy the minister with regard to their financial standing, that is to say, their solvency, their ability to perform the obligations required under such agreements.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

Yes.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

Of course that is a safeguard. It leaves it in the hands of the minister. I have a feeling, however, without having given the matter much thought to-day, that the minister's first position was a sounder one.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

I think it was.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

If he is prepared to forgo that position I do not know that I should criticize it.

Mr. IL. C. GREEN (Vancouver South): May I suggest to the minister that this is not a sound way to treat this amendment. The banking and commerce committee were definitely of the opinion that there should be no such provision as is made by the senate. The minister himself has said that he does not believe there should be any such provision; therefore I suggest that the House of Commons should insist on the original section. Otherwise, once this amendment has been

470S

Veterans' Land Act

agreed to it will become law and then we may have another minister of finance-I hope not-who has not such clear-cut and sound opinions on the question; he would find this section in the bill and might exercise his discretion in an entirely different way. That, I suggest, is striking at the soundness of this whole bill. The senate amendment is so worded that it might be construed as covering companies which are not even insurance companies. The wording is not "such other insurance companies", but "such other companies". I submit that if the banking and commerce committee and the ministry and the House of Commons were sound in the wording of the section as it stood originally, we should be firm on it and not agree to this amendment, which is apt to lead to trouble in the future.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
CCF

Thomas Clement (Tommy) Douglas

Co-operative Commonwealth Federation (C.C.F.)

Mr. T. C. DOUGLAS (Weyburn):

The minister was on sound ground in the first place when he insisted that this should apply to insurance companies which come under the supervision of the federal government. Now he has accepted this amendment, and he does more than provide for the original request to include provincially registered insurance companies. He extends it to include such other companies as may satisfy the minister regarding their financial standing and their ability to perform the obligations under the agreement. He has made certain conditions-condition of selection, deposit and inspection-and they are not set out in the amendment. Probably the amendment could be interpreted to cover the question of selection, but I do not think it covers either deposit or inspection. The minister ought either to adhere to his original position, or, if he is going to accept the senate amendment to put into the bill a stipulation with regard to the three things he has just suggested, namely, selection by the minister, provision for deposit, and provision for inspection of companies coming under this legislation. Now he has not only moved from his original position but he has taken in wider territory than was originally asked of him, namely, the inclusion of provincially registered insurance companies.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
LIB

James Lorimer Ilsley (Minister of Finance and Receiver General)

Liberal

Mr. ILSLEY:

I am quite ready to be convinced in this matter, because I am uneasy about it. I would ask that the matter stand until Monday.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink
NAT

Richard Burpee Hanson (Leader of the Official Opposition)

National Government

Mr. HANSON (York-Sunbury):

I think that is wise.

Motion stands.

Topic:   WAR RISK INSURANCE
Subtopic:   PROVISION FOR COMPENSATION FOR WAR DAMAGE TO PROPERTY-CONSIDERATION OF SENATE AMENDMENTS
Permalink

VETERANS' LAND ACT

PROVISION FOR SETTLEMENT ON THE LAND OF VETERANS OF THE PRESENT WAR-CONCURRENCE IN SENATE AMENDMENTS


Hon. IAN MACKENZIE (Minister of Pensions and National Health) moved the second reading of and concurrence in amendments made by the senate to Bill No. 65, to assist war veterans to settle upon the land.


July 25, 1942