February 7, 1967

LIB

Mitchell William Sharp (Minister of Finance and Receiver General)

Liberal

Mr. Sharp:

Mr. Speaker, in case very exceptional circumstances should arise I think it is a wise thing not to so restrict these matters that the Minister of Finance could not grant exemption under those very exceptional circumstances. As I said yesterday in the house, I made it quite clear that I consider that the general nature of the relationship between the bank and its preferred shareholders is covered by the order itself, and that the discretion is only to be used in very exceptional circumstances.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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PC

John George Diefenbaker (Leader of the Official Opposition)

Progressive Conservative

Mr. Diefenbaker:

A supplementary question, Mr. Speaker. The representation or undertaking having been made to parliament, what took place that caused the alteration in

the Treasury Board order to relieve this bank from the responsibilities which it led parliament to believe would in fact be carried out? The bank needed no encouragement with respect to any relief.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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LIB

Mitchell William Sharp (Minister of Finance and Receiver General)

Liberal

Mr. Sharp:

Mr. Speaker, there was no alteration in any order of Treasury Board. That is the original order.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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PC

John George Diefenbaker (Leader of the Official Opposition)

Progressive Conservative

Mr. Diefenbaker:

No, no. I talked of the undertaking to the House of Commons.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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NDP

Thomas Clement (Tommy) Douglas

New Democratic Party

Mr. Douglas:

A further supplementary

question, Mr. Speaker. Since the commitment had been made by the B.I.F. corporation to a parliamentary committee, and since under this Treasury Board minute the minister had the power and discretion to allow the company to circumvent that commitment, could not this have been done without parliament being acquainted with the decision the minister had made?

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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LIB

Mitchell William Sharp (Minister of Finance and Receiver General)

Liberal

Mr. Sharp:

Mr. Speaker, the Treasury

Board minute underlined the conditions under which the Bank of Western Canada could operate. Nothing in any legislation is more restrictive. Those conditions carried out the wishes and intent of parliament, in accordance with the undertakings given by the corporation.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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PC

John George Diefenbaker (Leader of the Official Opposition)

Progressive Conservative

Mr. Diefenbaker:

Parliament was deceived, completely deceived.

Topic:   FINANCE
Subtopic:   BANK OF WESTERN CANADA-LOANS TO PREFERRED SHAREHOLDERS
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INQUIRY AS TO TAXATION COMMISSION REPORT


On the orders of the day:


SC

Robert Norman Thompson

Social Credit

Mr. R. N. Thompson (Red Deer):

Yesterday I asked the Minister of Finance when he expected the royal commission on taxation to table its report. Today I ask the minister whether or not W. M. Anderson, chairman of the board of North American Life Assurance Company, had an advance copy of the commission's report, because in his address at the annual meeting yesterday he gave many of the details of the report. It is rather strange that somebody outside should have access to the report before it is tabled in the house.

Topic:   INQUIRY AS TO TAXATION COMMISSION REPORT
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LIB

Mitchell William Sharp (Minister of Finance and Receiver General)

Liberal

Hon. Mitchell Sharp (Minister of Finance):

Mr. Speaker, I have not seen the statement made by Mr. Anderson. The government does not have the report, and I am quite sure the royal commission would not give it to unauthorized persons.

February 7, 1967

Topic:   INQUIRY AS TO TAXATION COMMISSION REPORT
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ADMINISTRATION OF JUSTICE

CALVIN MACDONALD-INQUIRY AS TO ASSOCIATION WITH R.C.M.P.


On the orders of the day:


RA

Raymond Langlois

Ralliement Créditiste

Mr. Raymond Langlois (Meganlic):

My

question is directed to the Solicitor General. Can he tell the house whether Calvin Macdonald ever worked for the R.C.M.P. in any way?

Topic:   ADMINISTRATION OF JUSTICE
Subtopic:   CALVIN MACDONALD-INQUIRY AS TO ASSOCIATION WITH R.C.M.P.
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LIB

Lucien Lamoureux (Speaker of the House of Commons)

Liberal

Mr. Speaker:

Order, please. The hon. member has asked previous questions about the gentleman to whom he has just referred. I cannot determine any urgency about the matter. Because these questions have been repeated over a long period of time, I am led to believe that the subject matter could easily be placed on the order paper.

Topic:   ADMINISTRATION OF JUSTICE
Subtopic:   CALVIN MACDONALD-INQUIRY AS TO ASSOCIATION WITH R.C.M.P.
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RA

Raymond Langlois

Ralliement Créditiste

Mr. Langlois (Meganlic):

Mr. Speaker, I have not asked the question before in this form. Since this man has uttered slanderous remarks about so many people, I think the government should answer my question yes or no.

Topic:   ADMINISTRATION OF JUSTICE
Subtopic:   CALVIN MACDONALD-INQUIRY AS TO ASSOCIATION WITH R.C.M.P.
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LIB

Lucien Lamoureux (Speaker of the House of Commons)

Liberal

Mr. Speaker:

Order, please.

Topic:   ADMINISTRATION OF JUSTICE
Subtopic:   CALVIN MACDONALD-INQUIRY AS TO ASSOCIATION WITH R.C.M.P.
Permalink
RA

Raymond Langlois

Ralliement Créditiste

Mr. Langlois (Meganlic):

I rise on a question of privilege, Mr. Speaker. You recommended that I place the last question I asked on the order paper. I would gladly do so, but it takes time for it to appear. I submitted some motions and questions a week and a half ago, and they are not yet on the order paper. On Friday I submitted a question and it is on today's order paper. Somebody along the line is stalling, and I should like to know why that is. If I am asked to put questions on the order paper I shall do so, but I expect to see them appearing there. I would ask that questions submitted be placed on the order paper more quickly than they have been placed. I shall submit this question and hope the minister can answer it.

Topic:   ADMINISTRATION OF JUSTICE
Subtopic:   CALVIN MACDONALD-INQUIRY AS TO ASSOCIATION WITH R.C.M.P.
Permalink

NATIONAL DEFENCE

February 7, 1967