February 11, 1927 (16th Parliament, 1st Session)

LIB

Charles Avery Dunning (Minister of Railways and Canals)

Liberal

Mr. DUNNING:

There is no compulsion under the scheme of arrangement for the sinking fund trustees to buy the bonds offered, and the danger that my hon. friend refers to in any case is remote when we bear in mind that there sure about seven thousand individual bondholders. I do not think there is likely to be any danger along that line. I do not know how we could guard ourselves against it even if there were such danger.

Topic:   SUBSTITUTION OF CANADIAN NATIONAL FOR GRAND TRUNK PACIFIC SECURITIES
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