Mr. BORDEN (Halifax).
The matter was discussed in committee, and at first I was inclined to think that some such clause should be added, but afterwards I came to the conclusion that probably it would not Mr. WALLACE.
be advisable to do so. If any such legislation is imposed on insurance companies it would be better to have it done by a general Act. It is not imposed on any insurance company, I believe, at the present timt\ 1 may point out to my hon. friend from W est York (Mr. Wallace) that the 4th clause of the agreement which is incorporated in the Bill, makes it necessary that the new company shall carry out the obligations of both the former companies with all classes of jiolicy-holders.