May 30, 1947

LIB

Henry Byron McCulloch

Liberal

Mr. McCULLOCH (Piotou):

The hon.

member was in the committee.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

I was in the committee; but it does not stop me from asking these questions.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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LIB

Henry Byron McCulloch

Liberal

Mr. McCULLOCH (Pictou):

You could have asked them in committee.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

I am asking them now, and I have a right to do so.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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LIB

Humphrey Mitchell (Minister of Labour)

Liberal

Mr. MITCHELL:

You have a right to do so but do it properly.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

Probably the hon. member did not hear me.

Canadian National Railways

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

It is difficult to write these things down, and I am trying to have it correct.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

If you wish to take them down I will give them to you.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

I think I have them now, with one exception, namely the last one. May I have that again?

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

The last one was

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

What is that for?

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

That is depreciation and debt discount amortization.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

And what does the whole thing total? Do you add that $16 million, or do you deduct it?

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

Naturally you take it off the total.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
LIB

William Henry Golding (Deputy Chair of Committees of the Whole)

Liberal

The DEPUTY CHAIRMAN:

Order. Two hon. members should not be standing at the same time.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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PC

Douglas King Hazen

Progressive Conservative

Mr. HAZEN:

I may be asking questions

too fast; pefhaps I should ask one at a time. I am not clear about the $16,000,000, and I should like the parliamentary assistant to explain whether that is added or deducted.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
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LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

That is the amount available from the reserves which is deducted from the amount which will be spent on the railroad of $63,214,000, leaving a balance of $46,723,000.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
PC

Arthur Leroy Smith

Progressive Conservative

Mr. SMITH (Calgary West):

I was not a member of the committee, and I should like to know where this branch line for which $2,600,000 is asked runs. Is that an estimated amount; has the contract been let, and is the work under construction?

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
LIB

Robert Wellington Mayhew (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. MAYHEW:

It is under construction and $50,000 was spent last year. It is planned on spending the amount which I gave this year.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink
PC

Arthur Leroy Smith

Progressive Conservative

Mr. SMITH (Calgary West):

Is it on contract?

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION TO MEET CERTAIN EXPENDITURES AND GUARANTEE OP SECURITIES AND INDEBTEDNESS
Permalink

May 30, 1947