John Wilfred KENNEDY

KENNEDY, John Wilfred

Personal Data

Party
Progressive
Constituency
Glengarry and Stormont (Ontario)
Birth Date
October 10, 1879
Deceased Date
November 19, 1949
Website
http://en.wikipedia.org/wiki/John_Wilfred_Kennedy
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=0d163d4c-12df-46ba-bc01-b1c27f30d6d5&Language=E&Section=ALL
Profession
farmer

Parliamentary Career

October 27, 1919 - October 4, 1921
UFOL
  Glengarry and Stormont (Ontario)
December 6, 1921 - September 5, 1925
PRO
  Glengarry and Stormont (Ontario)

Most Recent Speeches (Page 2 of 18)


June 8, 1925

Mr. KENNEDY (Glengarry and Stormont) :

Did the commissioner find that the

former Minister of Finance had not done his duty?

Topic:   EDITION
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June 8, 1925

Mr. KENNEDY (Glengarry and Stormont) :

In a portion of it only.

Topic:   HOME BANK
Subtopic:   PROPOSED PAYMENT OF DEPOSITORS TO THE AMOUNT OF $5,450,000
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June 8, 1925

Mr. KENNEDY (Glengarry and Stormont) :

I am not speaking with authority; I am just telling the minister what I think is likely to happen. Legislation of this kind was passed in the House about ten or eleven years ago in connection with the Farmers' Bank, I suppose for the same reason, namely, that the government of the day thought that the depositors of the Farmers' Bank had a moral claim on the country on account of the possibility of there having been some carelessness in the issuing of the treasury certificate at that time. Now, there was a great deal of hardship among the depositors of the Farmers' Bank, and the government of the day recognized that and recognized the state's responsibility. AVould the minister consider including in his resolution the depositors of the Farmers' Bank as well as of the Home Bank?

Topic:   HOME BANK
Subtopic:   PROPOSED PAYMENT OF DEPOSITORS TO THE AMOUNT OF $5,450,000
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June 8, 1925

Mr. KENNEDY (Glengarry and Stormont) :

The amendment neither increases nor decreases the amount mentioned in the resolution.

Topic:   HOME BANK
Subtopic:   PROPOSED PAYMENT OF DEPOSITORS TO THE AMOUNT OF $5,450,000
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June 8, 1925

Mr. KENNEDY (Glengarry and Stormont):

The minister in introducing his resolution has been very careful to disclaim the establishing of any precedent in this legislation. He likewise stated that the measure would reimburse the depositors to the extent of seventy per cent of their losses, taken in conjunction with the assets of the bank. If legislation of this kind goes through and the money is voted to the liquidator and distributed among the depositors, would the government consider a measure to reimburse them to the extent of the remaining twenty or thirty per cent that may still be coming to them?

Topic:   HOME BANK
Subtopic:   PROPOSED PAYMENT OF DEPOSITORS TO THE AMOUNT OF $5,450,000
Full View Permalink