July 4, 1972 (28th Parliament, 4th Session)

LIB

Jean-Luc Pepin (Minister of Industry, Trade and Commerce)

Liberal

Mr. Pepin:

I only say that there might be some circumstances where such consultation could well be impossible or even undesirable. Briefly, this is what I mean:
In certain cases, the takeover might very well be unimportant whereas in others, it would be such an obvious bad move that it would therefore not be necessary to

July 4, 1972
Foreign Takeovers Review Act
consult with the provinces concerned before refusing it. In other cases-which also could very well arise-time might be lacking. Urgent cases might very well come up which would not allow us to enter into formal consultations with all the provinces concerned.
That is all; I am speaking in all sincerity and frankness.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Full View