March 15, 1933 (17th Parliament, 4th Session)

LIB

Charles A. Stewart

Liberal

Mr. STEWART (Edmonton):

I am merely citing what my hon. friend said. If he would prefer to give the credit to the officials of the company I am quite content. The above mentioned statement confirms the reason it was possible to put into effect many of these savings. I am not going to enter into that because, as I said before, former speakers have covered the ground fairly thoroughly. But I want to reiterate that the money expended upon these lines, resulting in the position in which they found themselves in 1930, renders it much easier to-day to effect economies than otherwise would have been the case. He continues:
(2) Capital expenditures in the future will be on a much reduced scale as the general improvement of the lines has been largely completed and no considerable new mileage is likely to be constructed.

Topic:   CANADIAN NATIONAL-CANADIAN PACIFIC RAILWAY BILL
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