May 17, 1904 (9th Parliament, 4th Session)


Charles Fitzpatrick (Minister of Justice and Attorney General of Canada)



No notice has been given of this amendment and therefore I would like to have an opportunity to consider it, although I must confess so far as I am personally concerned, that my own desire would be that a provision of this sort should be inserted in a General Railway Act, and be made applicable to all railway companies in Canada. I can see no reason why we should distinguish in the case of this particular company. I would draw attention to the fact that for a great many years we have had a provision in the law that foreigners may be shareholders and directors in Canadian companies and entitled to direct the affairs of the companies. That has been the law since 1888, and I think long before that. I know of no exception to that except in the case pointed out, the Canadian Pacific Railway, and I am not quite sure that that is still the law respecting the Canadian Pacific Railway. I would like to have time to inquire into that if my hon. friend (Mr.) Casgrain) has not investigated it.

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