Donald Stovel MACDONALD

MACDONALD, The Hon. Donald Stovel, P.C., C.C., B.A., LL.B., LL.M., LL.D.(Hon.)

Personal Data

Party
Liberal
Constituency
Rosedale (Ontario)
Birth Date
March 1, 1932
Website
http://en.wikipedia.org/wiki/Donald_Stovel_Macdonald
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=3182f9f8-dbee-4324-93f2-30c9df730339&Language=E&Section=ALL
Profession
diplomat, lawyer

Parliamentary Career

June 18, 1962 - February 6, 1963
LIB
  Rosedale (Ontario)
April 8, 1963 - September 8, 1965
LIB
  Rosedale (Ontario)
  • Parliamentary Secretary to the Minister of Justice and Attorney General of Canada (May 14, 1963 - July 15, 1965)
  • Parliamentary Secretary to the Minister of Finance (July 16, 1965 - September 8, 1965)
November 8, 1965 - April 23, 1968
LIB
  Rosedale (Ontario)
  • Parliamentary Secretary to the Secretary of State for External Affairs (January 7, 1966 - January 6, 1968)
  • Parliamentary Secretary to the Minister of Industry (January 7, 1968 - April 20, 1968)
  • Minister Without Portfolio (April 20, 1968 - July 5, 1968)
June 25, 1968 - September 1, 1972
LIB
  Rosedale (Ontario)
  • Minister Without Portfolio (April 20, 1968 - July 5, 1968)
  • President of the Privy Council (July 6, 1968 - September 23, 1970)
  • Liberal Party House Leader (July 6, 1968 - September 23, 1970)
  • Leader of the Government in the House of Commons (July 6, 1968 - September 23, 1970)
  • Minister of National Defence (September 24, 1970 - January 27, 1972)
  • Minister of Energy, Mines and Resources (January 28, 1972 - September 25, 1975)
October 30, 1972 - May 9, 1974
LIB
  Rosedale (Ontario)
  • Minister of Energy, Mines and Resources (January 28, 1972 - September 25, 1975)
July 8, 1974 - March 26, 1979
LIB
  Rosedale (Ontario)
  • Minister of Energy, Mines and Resources (January 28, 1972 - September 25, 1975)
  • Minister of Finance (September 26, 1975 - September 15, 1977)

Most Recent Speeches (Page 1638 of 1638)


October 15, 1962

Mr. Macdonald (Rosedale):

What function does capital surplus represent on the balance sheet of this corporation? I am suggesting to the minister that the entire holding should be represented by the subscribed capital of $10 million. The necessity for carrying a capital surplus account and for introducing the two words in clause 1 might therefore be eliminated. It may be there is some historical or statutory reason for this surplus and I would appreciate the minister's advice on this point.

Topic:   EXPORT CREDITS INSURANCE ACT
Subtopic:   AMENDMENT INCREASING LIABILITY LIMIT, ETC.
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October 15, 1962

Mr. Macdonald (Rosedale):

On that point of order, I submit to you, Mr. Speaker, and to the house that the reference to country in section 21(l)(a) relates rather to the direction in which the various loans will be made and is not necessarily a reference to a foreign sovereign state as such. The point referred to is perhaps one to which several members on this side of the house have already referred today, namely the fact that the corporation appears to be putting too many of its eggs into one basket-one country, in this case, communist China. I submit that is the sense in which the word is used in that section, not the sense in which the leader of the house used it.

Topic:   EXPORT CREDITS INSURANCE ACT
Subtopic:   AMENDMENT INCREASING LIABILITY LIMIT, ETC.
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October 15, 1962

Mr. Macdonald (Rosedale):

Thank you very much. I wish to address a question to the minister with regard to the term "capital surplus" which occurs in the clause and also with regard to the financial position of the corporation. What function does the capital surplus perform? In a public commercial corporation I can see it might have some relevance but in this case I would suggest that the entire holding be capitalized as subscribed capital and the category of capital surplus thereby eliminated. There would therefore be no necessity for such words to be used in clause 1 and they could be deleted.

Topic:   EXPORT CREDITS INSURANCE ACT
Subtopic:   AMENDMENT INCREASING LIABILITY LIMIT, ETC.
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October 12, 1962

Mr. Macdonald (Rosedale):

My original intention on rising to speak was to deal with questions of a legal and technical nature which had come to my attention in dealing with the statute in professional practice; but at the start I would like to make some observations with regard to statements made by hon. members opposite, particularly those made by the last speaker and by the hon. member for Oxford.

During the course of his travelogue the hon. member for Oxford appeared to stray far away from the point, something which was commented upon by my colleague the hon. member for Hull. I myself was somewhat baffled in trying to find what relevance his remarks had to the actual statute.

The function of the Export Credits Insurance Corporation can be likened to that of a credit department in a corporation, but the remarks of hon. members opposite appear to be related to other aspects of a corporation's business, such as sales and productive effort. I have no difficulty in associating myself with the remarks of the hon. member for Vancouver South in congratulating the management of the corporation on performing a very effective job of work. However it appears that hon. members opposite have taken the success of this particular function as a jumping off point to make some parenthetical remarks about their trade policies. I can tell them that any parenthetical remarks they may make at this time will not satisfy hon. members on this side of the house. A full and clear study must be made of Canada's trade policy, and in particular of efforts which so far have so sadly been lacking on the part of the government to achieve favourable trade agreement position for Canada in relation to some of the emerging realities in international trade.

The minister, in part, anticipated some of the remarks I was going to make, in pointing

Export Credits Insurance Act out that there will be some amendments to the strict technical terms of the statute, and in particular in accepting the amendment suggested this morning by my hon. friend from Ottawa West and the hon. member for Kingston. Members on this side of the chamber will look forward to receiving the bill at an early date in order to have the opportunity of studying it and also the opportunity of making a full presentation of our views, particularly some views which have arisen among the legal profession with regard to the actual terminology of the statute. Therefore I welcome the assurance that the bill will soon be presented to us and that this opportunity will be made available to us.

Topic:   EXPORT CREDITS INSURANCE ACT
Subtopic:   AMENDMENTS INCREASING LIABILITY LIMIT, ETC.
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October 10, 1962

Mr. D. S. Macdonald (Rosedale):

I should like to address a question to the Minister of Finance, and may I take this opportunity of congratulating him on his assumption of his new responsibilities. The question relates to one of them, and has to do with the Currency Act. The question is this. Has the government entered into contracts with the two major printers of bank notes in Canada for the preparation of a large supply of funny money in order to fulfil the conditions of the government's most recent political alliance?

Topic:   INQUIRY OF THE MINISTRY
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