I understand the effect of this bill is to enable the Canadian National Railways and the Canadian Pacific Railway to issue securities for the purchase of rolling stock and equipment and that there is nothing in the bill to oblige either railway to take advantage of its provisions. I should like to be confirmed in the further understanding that the decision as to the proportion of the money which will be allocated to the purchase of new rolling stock and to repairs will rest entirely with the railway companies. I assume that this decision will be determined by the repair facilities which the railway has. The city of Edmonton is particularly interested in any repairs which may be done under this proposal, as the shops in that city are all repair shops. The Northern Alberta Railway is operated jointly by the Canadian Pacific Railway and the Canadian National Railways, and its shops are all repair shops. I imagine I am correct in assuming that any decision in this connection will rest entirely with the railways themselves. The railways will first decide whether or not they will take advantage of the provisions of this bill and then make the allocation of the moneys as between the purchase of new equipment and the carrying out of actual repairs.
Subtopic: WORKS, 'UNDERTAKINGS AND GUARANTEE OP RAILWAY EQUIPMENT SECURITIES TO CREATE EMPLOYMENT