I assure the hon. member for Selkirk that he is my friend as well. The minister did not answer one of the points raised by those two members; instead, he raised the administrative point regarding the situation created by having to screen a much greater number of companies than will presumably be the case when this legislation passes the House and the other place.
If the minister wants to grapple with some of the problems involved in foreign ownership and takeovers he must give further consideration to the points raised by my two colleagues. He must do that if he really intends to do something with this legislation. However, we find the minister turning down these proposals carte blanche.
Quite frankly, I think administrative problems would be involved if this amendment were adopted and incorporated in the bill, but at the same time the minister must give some consideration to the proposal. He has not refuted in any way the proposition that there must be some concern over takeovers of small companies as well as companies larger than the minimum size specified in the bill. He has not given any indication that he will move in this direction. I can visualize several different approaches the minister might take if he is to tackle this question and take account of administrative problems. Again the minister has demonstrated he is not really prepared to get down to business and deal with problems with which he should be concerned.
Topic: GOVERNMENT ORDERS
Subtopic: FOREIGN TAKEOVERS REVIEW ACT