May 20, 1914 (12th Parliament, 3rd Session)

LIB

William F. Carroll

Liberal

Mr. CARROLL:

The fear the Solicitor
General has about taking a mortgage on this stock is that the holders of this stock would be prevented from realizing upon it. But would it not be well to keep Mackenzie, Mann and Company from handing over control to outside parties without the Government being aware? If the Government took some control of the $60,000,000 and Mackenzie, Mann and Company wanted to sell to some interest that would not be acceptable to the Dominion Government, the Government could protect itself, but if they were selling out to further the interests of the road, the Government could give a release of as much of the stock as might be necessary in order to help them out.

Topic:   QUESTIONS.
Subtopic:   CANADIAN NORTHERN RAILWAY AGREEMENT.
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