April 17, 1902 (9th Parliament, 2nd Session)

LIB

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

Liberal

Hon. Mr. FITZPATRICK.

only with respect to two points: with respect to issuing any part of this amount of capital stock at less than par-for under their charter they would have had the right to do so-and there is a restriction that the $20,000,000 shall not be issued at less than par; and then with respect to the tolls it is made a matter of special stipulation that when you come to apply section 20 for the regulation of tolls, this additional $20,000.000 shall not be taken into account. And, further, they have thought proper, at the suggestion of the Minister of the Interior, to provide that this money shall be specifically applied for the purposes for which the company say they require to have it-that Is, it shall be applied in the improvement of the property of the company.

Topic:   THE CANADIAN PACIFIC RAILWAY RATES.
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