May 27, 1935 (17th Parliament, 6th Session)

CON

Robert James Manion (Minister of Railways and Canals)

Conservative (1867-1942)

Mr. MANION:

We have not gone into
that detail, but I imagine it would be repaid on the same basis as the equipment trust notes. The railways would not like to be placed in a more difficult position with the

government than they would with the holders of equipment trust notes. So far as equipment is concerned, this bill is largely enabling legislation. We are providing different methods by which we can accomplish this end and the details will have to be worked out with the railways. With the exception of the matter which we have just been discussing, .which was suggested by the Canadian Pacific Railway, these matters were all suggested by the Canadian National Railways.

Topic:   PUBLIC WORKS PROGRAM
Subtopic:   WORKS, 'UNDERTAKINGS AND GUARANTEE OP RAILWAY EQUIPMENT SECURITIES TO CREATE EMPLOYMENT
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