Mr. J. D. REID:
When the stock was
taken over, it was understood and arranged with the present Board of Directors that they were not to undertake any new work or enter into any negotiation other than to continue the operation of the road until the new Board of Directors had been appointed. It was expected the arbitration would have been completed long before this. In the meantime, until their finding is made nothing is being done by the Canadian Northern directors except to operate the road.
,Mr. RICHARDSON: Is the Government debarred by any understanding it has with the Canadian Northern from proceeding to take over the road and appointing a board of management such as Sir Henry Drayton and his associates suggested?
Subtopic: CONSIDERED IN COMMITTEE.