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

CON

Robert James Manion (Minister of Railways and Canals)

Conservative (1867-1942)

Mr. MANION:

The whole proposal started so long ago that I am not sure who really put it forward, 'but I have an idea that it originated with the equipment companies themselves, that they did some pressing to get the work. They had had no work for practically five years-for over four years certainly-and they proposed it. They discussed it with the railways and the railways on a certain basis were agreeable, the original proposal being that the government of Canada should pay one-third and they the other two-thirds over a period of years, because they felt that on that basis it would be economical for them to get this equipment. Since then this proposal, as incorporated in the bill, has been offered as a substitute and it is claimed by those who have looked into the matter and calculated the actual amounts, capital and interest on the investment, that in the long run the proposal is very much the same as the proposal originally suggested. At any rate, both railway companies are anxious to have it go through at the present time.

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