Henri-Edgar LAVIGUEUR

LAVIGUEUR, Henri-Edgar

Personal Data

Party
Liberal
Constituency
Québec--Montmorency (Quebec)
Birth Date
February 16, 1867
Deceased Date
October 29, 1943
Website
http://en.wikipedia.org/wiki/Henri-Edgar_Lavigueur
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=7c9ee392-8ed6-4dae-87a9-4c963866732d&Language=E&Section=ALL
Profession
merchant

Parliamentary Career

December 17, 1917 - October 4, 1921
L LIB
  Quebec County (Quebec)
December 6, 1921 - September 5, 1925
LIB
  Quebec County (Quebec)
October 29, 1925 - July 2, 1926
LIB
  Québec--Montmorency (Quebec)
September 14, 1926 - May 30, 1930
LIB
  Québec--Montmorency (Quebec)

Most Recent Speeches (Page 55 of 60)


May 17, 1918

Mr. LAVIGUEUR:

In looking over the items for public works and improvements, I find that no -amount has been provided for the works in Quebec city, although we are asked to provide many millions for works in different parts of the country. It has been said that the works in Quebec as well as other works throughout the country should not be proceeded with during the war. But surely some of the important works in Quebec city should be proceeded with. An agreement was made between the Federal Government andi the city of Quebec in August, 1910, under which the city of Quebec handed over to the Government a property valued at over $2,000,000 in connection with the works in that city. 1 submit that these works are urgent and essential, in the interest not only of the city and the province of Quebec *but of the whole of Canada as well. Large sums of money have already been spent on the terminals in Quebec for equipment of the Transcontinental and for the building of the Transcontinental shops. These shops have now been finished nearly two years, but are lying idle. Some time ago I learned with pleasure that the Government bad decided to give contracts for the supplying of 7,500 cars for the Transcontinental railway. I hoped at that time that some of these cars would be built in the Transcontinental shops at Quebec, which were designed for the purpose of doing such work. But all the contracts were given outside; nothing was provided for Quebec. The citizens of Quebec and the board of trade of that city have sent many requests to the Government in this matter during the last few years, but nothing has been done. We had the pleasure of having in our city in October, 1913, the Prime Minister and his colleagues, Mr. Cochrane, Mr. Pelletier, Mr. Rogers and Mr. Hazen, who all conceded that these works were of great importance and should be proceeded with at once. On that occasion the Prime Minister laid the cornerstone of the St. Malo shops and .of the works on the St. Charles river, and visited other important works. But all these works have been stopped and nothing is provided in the Estimates for their continuation. The city of Quebec is not asking for any favour. We aie simply asking the Government to give that portion of the country its rights and to carry out the agreement made. At least a reasonable amount should be placed in the Supplementary Estimates to carry out some of the works, to provide equipment for the Transcontinental Railway

at Quebec, to proceed with the terminal works, in order that the Transcontinental may take care of the great traffic from the West which should pass through Quebec.' It is well known that two-thirds of the grain from the West is now shipped through United States ports instead of through Quebec or other Canadian ports, because of lack of proper terminal and other Canadian ports, because of lack of proper terminal and other accommodation. I ask the Minister of Railways to look into this matter and see that justice is done to the city of Quebec.

Mr. J. D. REIlD: I realize that the St. Malo shops would be much better if we had them working, but I could not see my way clear, under present war conditions:, to spend a lot of money on these shops at this time when the work could be satisfactorily done in many other places. Matters in connection with railways at Quebec will have to be taken- up and dealt with now that we have taken over the Canadian Northern Railway system. I have not had an opportunity yet of looking over the matter, but I shall be in Quebec within the next four weeks and will look into the whole situation there with a view to seeing what should be done in the interests of the railways as a whole.

Topic:   SUPPLY.
Subtopic:   EEVISED EDJTTON
Full View Permalink

May 15, 1918

Mr. LAVIGUEUR:

I know that no provision has been made to purchase the minority shares of these three subsidiary companies, but why should the Government have purchased the majority shares in other

provinces, and left unacquired the minority shares of the three companies referred to?

Topic:   THE RAILWAY SITUATION IN CANADA.
Subtopic:   STATEMENT BY THE PRIME MINISTER AS TO THE CONTEMPLATED POLICY OF THE GOVERNMENT.
Full View Permalink

May 15, 1918

Mr. LAVTGUEUR:

Mr. Speaker, the Government of Canada, in 1914, lent the Canadian Northern Railway $45,000,000, and took as security $40,000,000 of the common stock of that company, out of its total capital of $100,000,000. In 1917 the Government purchased the balance of the common stock of the company, namely, $60,000,000, at a price to 'be fixed by arbitration, the arbitrators being 'bound not to pay more than $10,000,000. The Government, by thus becoming owners of the whole of the capital stock of the. company, should become absolute owners of the property. But a considerable portion of the mileage comprised in the Canadian Northern railway was acquired by that company through the purchase of the stock, and in some cases only the majority of the stock, of other companies, which had built smaller roads, such as the Halifax and Southwestern, the Quebec and Lake St. John and the Great Northern of Canada.

The hon. Minister of Finance (Sir Thomas White) recognized this situation when he introduced the 'legislation in 1917 to purchase the balance of the Canadian Northern stock. Speaking of the mileage represented by subsidiary companies-Hansard, page 4807-he said that tfie stocks of these companies held by the public, in which Quebec people are interested, included:

Canadian Northern Quebec (including Great Northern of Canada and Northern Consolidated Holding

Company) for $2,405,400

Quebec and Lake St. John Railway. . 521,200

A further examination of this shows:

Quebec and Lake St. John Railway Stock.

The total issue of stock by that company is $ 4,524,000

Which is held by

MacKenzie and Mann interests $4,019,140

City of Quebec 220,500

English shareholders 152,800

Quebec people 131,560

The city of Quebec originally held $450,000 of this stock, for which it paid par, but surrendered 51 per cent of its holdings in .

1900 to London people, so as to help the company to obtain new capital.

Great Northern Railway of Canada.

Total capital seems to be 95,500 shares of $100 $9,550,000

Viz:-

Great Northern Common Stock.... $ 913,000Great Northern Debenture Stock. . 650,700

Canadian Northern Quebec, Common

Stock 5,637,000

Canadian Northern Quebec, Statutory

stock 2,349,300

The holders are:

Northern Consolidated' Holding Company, Toronto $5,064,600

National Trust Compariy, Toronto;

British Empire Trust Company,

London 1,990,00'0

City of Quebec 200,000

Shareholders in. Quebec, Boston,

New York and other places 2 295,400

But, of the capital of the Northern Consolidated Holding Company, which holds in trust the majority of the above stock, only 45,759 shares are held by the National Trust Company. The paid up capital of the Holding Company being 61,815 shares, there remain 16,056 shares, which are held by people in Quebec, Boston and other places. These 16,056 shares are 25-97 per cent of the capital of the Holding Cqmpany, so they should he entitled to 25-97 per cent of its assets. Therefore, 25-97 per cent of the $5,064,600 of stock of the Canadian Northern Quebec, held toy the Northern Consolidated Holding Company, are the property of individual shareholders outside of the Toronto interests. This would amount to $1,315,200. If to this we add the stock held by the city of Quebec, $200,000, and that held by individual shareholders not in the Holding Company, $2,295,400, the result is $3,810,600. These figures prove that of the total stock issues of the Great Northern of Canada and the 'Canadian Northern' Quebec, amounting to $9,550,000 of paid up stock, representing the ownership of these .roads, no less than $3,810,600, or nearly 40 per cent, is the property of individual shareholders, outside of the Toronto interests. From the foregoing it would seem to be equitable that the city of Quebec and the individual shareholders who own the minority stock of the Quebec and Lake St. John Railway for $504,800, and of the Great Northern of Canada and Canadian Northern Quebec for $3,810,600, making a total of

$4,815,400, should share ratably, as stated in their /petition, in what the Government may pay or may have paid, tor the common stock of the Canadian Northern Railway, of which these roads now form part. Otherwise the minority shareholders should be entitled to a separate accounting by the Government, and share of annual profits for the mileage of the actual sections represented by their stocks, the mileage being about 500 miles.

It seems to me, Mr. Chairman, a 'very proper question to ask: The Government having purchased the majority shares of the Canadian Northern, why could not they have purchased the minority share for which the citizens and the city of Quebec subscribed? These shares, as it stated in the petition to which I have just referred, were purchased by private individuals and by the city of Quebec, and instead of acquiring them, the Government limited themselves to acquiring the shares held by Mackenzie and Mann. I submit, therefore, that the Government should give the most careful consideration to the request that has been made on several occasions for the purchase of this minority stock.

Topic:   THE RAILWAY SITUATION IN CANADA.
Subtopic:   STATEMENT BY THE PRIME MINISTER AS TO THE CONTEMPLATED POLICY OF THE GOVERNMENT.
Full View Permalink

May 14, 1918

Mr. LAVIGUEUR :

I only wanted to draw the attention of the minister to the works on the St. Charles river.

Topic:   COMMITTEE OF SUPPLY.
Full View Permalink

May 14, 1918

Mr. LAVIGUEUR:

An item of $500,000 has already been accepted by the House, and another of $57,000. If I remember well it was stated here a few days ago by the minister, when I asked him about going on with works on the St. Charles river in Quebec, that all permanent works would be postponed until after the war.

Topic:   COMMITTEE OF SUPPLY.
Full View Permalink