May 18, 1950

NATIONAL RESEARCH COUNCIL


First report of special committee on the operations of the national research council.- Mr. Mcllraith.


FIRE AND FLOOD DAMAGE

ORDERS IN COUNCIL APPOINTING COMMISSIONS OF INQUIRY

LIB

Louis Stephen St-Laurent (Prime Minister; President of the Privy Council)

Liberal

Right Hon. L. S. St. Laurent (Prime Minister):

Mr. Speaker, I beg leave to table copies of two orders in council, dated yesterday, appointing commissions to investigate the nature and extent of the damage resulting from the flooding of the Red river valley and the fires at Rimouski and Cabano.

Topic:   FIRE AND FLOOD DAMAGE
Subtopic:   ORDERS IN COUNCIL APPOINTING COMMISSIONS OF INQUIRY
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LOAN OF $745,000,000 ANNOUNCEMENT AS TO OVER-SUBSCRIPTION ON OPENING DAY

LIB

Douglas Charles Abbott (Minister of Finance and Receiver General)

Liberal

Hon. Douglas Abbott (Minister of Finance):

Mr. Speaker, I know the house will be happy to learn of the successful result of our 1950 refunding loan offering. Hon. members will recall that the loan was offered for the purpose of paying off two Government of Canada issues which had been called for payment on June 1 and June 15 respectively, and was for a total amount of $745 million. The loan was offered in two maturities, an eighteen year 2f per cent bond and a four and a half year 2 per cent bond, and I reserved the right to close the books at any time and to determine the amount of bonds to be allotted in each maturity.

The books of the loan were opened at 9 a.m. this morning and were closed at

9.01 a.m. At that time the loan was very heavily over-subscribed, and allotments of both long term and short term bonds have to be substantially less than the subscriptions. The Bank of Canada will be advising primary distributors by overnight telegram tonight as to the portion of their orders which will be filled. As between the long term and short term issues, the loan has been allotted as follows; $350 million in the 2f per cent eighteen year bonds and $395 million in the 2 per cent four and a half year bonds.

This issue represents the largest offering the government has ever made under ordinary peacetime conditions. Its long term portion represents the first offering of ordinary market bonds we have made to the general public since the ninth victory loan bonds were offered in the fall of 1945. Therefore I think we may all take pride in the remarkable success of this loan flotation. The enthusiastic and general response of investors throughout the country provides substantial evidence of prosperous conditions and of confidence in the future of the country. In conclusion I wish to thank the investment dealers and banks whose efforts contributed to the successful placing of the bonds with investors in all parts of the country.

Topic:   LOAN OF $745,000,000 ANNOUNCEMENT AS TO OVER-SUBSCRIPTION ON OPENING DAY
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DOMINION ELECTIONS

REPORT OF CHIEF ELECTORAL OFFICER ON TWENTY-FIRST GENERAL ELECTION

LIB

Frederick Gordon Bradley (Secretary of State of Canada)

Liberal

Hon. F. G. Bradley (Secretary of State):

Mr. Speaker, I should like to lay on the table of the house the report of the chief electoral officer on the twenty-first general election, 1949.

Topic:   DOMINION ELECTIONS
Subtopic:   REPORT OF CHIEF ELECTORAL OFFICER ON TWENTY-FIRST GENERAL ELECTION
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QUESTIONS


(Questions answered orally are indicated by an asterisk).


COST OF STONE WALL ON PROPERTY IN POINTE DU LAC, QUE.

PC

Léon Balcer

Progressive Conservative

Mr. Balcer:

What sums were spent by the federal government in 1947, 1948 and 1949, for the erection of a stone or concrete wall on the property of Jean Marie Bureau, in the municipality of Pointe du Lac, county of Trois Rivieres?

Topic:   QUESTIONS
Subtopic:   COST OF STONE WALL ON PROPERTY IN POINTE DU LAC, QUE.
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LIB

Alphonse Fournier (Minister of Public Works; Leader of the Government in the House of Commons; Liberal Party House Leader)

Liberal

Mr. Fournier (Hull):

Fiscal year 1946-47, nil; 1947-48, nil; 1948-49: A 400-foot wall was built at Pointe du Lac to protect the shore from erosion. Part of this wall fronts Mr. Bureau's property. This section is estimated at $3,942.40.

Topic:   QUESTIONS
Subtopic:   COST OF STONE WALL ON PROPERTY IN POINTE DU LAC, QUE.
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GRAND RIVER, QUE. PUBLIC WORKS

PC

Mr. Courlemanche:

Progressive Conservative

1. Has any work been carried out on the Grand river (Grande riviere), county of Gaspe south, during the summer of 1949?

2. If so, what was the cost of same?

3. Who was the foreman, and what daily rate did he receive?

Questions

Topic:   QUESTIONS
Subtopic:   GRAND RIVER, QUE. PUBLIC WORKS
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LIB

Mr. Fournier (Hull): (Minister of Public Works; Leader of the Government in the House of Commons; Liberal Party House Leader)

Liberal

1. Yes.

2. $37,372.31.

3. (a) Marcel Cauvier; (b) $8 a day.

Topic:   QUESTIONS
Subtopic:   GRAND RIVER, QUE. PUBLIC WORKS
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DOMINION ARSENALS

PC

Mr. Hodgson:

Progressive Conservative

1. How many officers, officials or managers are [DOT] there at the dominion arsenal at Lindsay, Ontario?

2. How many officers, officials or managers are there at the other dominion arsenals in Canada?

3. What are the names of such persons and their respective positions and salaries?

4. Are they allowed expenses?

Topic:   QUESTIONS
Subtopic:   DOMINION ARSENALS
Sub-subtopic:   PERSONNEL
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May 18, 1950