Hon. W. S. FIELDING (Minister of Finance).
This clause has been in our insurance charters many years, and no question has ever been raised as to the constitutional power of parliament to enact it. Whatever opinion there may be regarding the wisdom of so distributing the profits, no question has been raised as to the constitutional authority of parliament on the matter. Unless the hon. gentleman has reason to think it is advisable, we ought not to treat this Bill differently from Bills of a similar character.
Subtopic: WESTERN CANADIAN LIFE ASSURANCE COMPANY.