June 28, 1904 (9th Parliament, 4th Session)

LIB

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

Liberal

Mr. FITZPATRICK.

I would not be prepared at first sight to agree to the suggestion made by my bon. friend. In Canada the majority of our railroads require foreign financial aid. In the United States and other foreign countries those who invest their money in our enterprises are anxious to have some sort of representation on the board of management, and I think while we ought to keep in our own hands the absolute control of the policy of the company, and its general management, it is equally fair that those who invest their money should have some representation on the board. For that reason, I would not be disposed to go so far as my hon. friend suggests.
any desire to have a majority of the, board British subjects if the men on the spot who have actual control and put their plans into effect should not also be British subjects [DOT] a board in England or elsewhere could not always reverse their decisions if they desired. I do not see why these men, having such power of action, should not be themselves restricted in the same way as the board of directors are.

Topic:   RAILWAY ACT, 1903-AMENDMENT.
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