I should like to say a few words in connection with this bill. I do not want the committee to think I am criticising their work in any way, but I think this bill passed the committee in somewhat of a hurry, as the committee was in session only about twenty minutes. This company, which goes under the name of the Canadian Transit Company, wants to change its offices from Windsor, Canada, to the American side, and I think we should look into this bill a little more carefully before we pass it. We must stand up for the good name of Canada, and if any company comes over here in order to get prestige from the name of Canada, I think Canada ought to be good enough for it and to keep, its headquarters in. Not only do the directors of the company want their headquarters transferred to the other side; but they want to sell bonds in Canada and when they do so, they want to have the right to mortgage the property. I know, on a number of occasions when this sort of thing was carried out in British Columbia, bonds were sold up to pretty nearly the limit of what the company intended to do. They sold the bonds to people who did not expect that there would be anything crooked about the matter. They sold the bonds to men working for $30 a month. I know men working for that amount who invested over $2,000 in such a company. They then mortgaged the property and allowed the mortgage to lapse, so that the people lost everything they had. I do not think this bill should be passed as it is. I do not think it has had the consideration
that this House should give it nor that the Railway Committee should have given it. We have the good name of Canada at stake in this matter, and I think this bill should be referred back.
Topic: THE CANADIAN TRANSIT COMPANY