This section is a most important one. It expresses most clearly the intentions of those who are opposed to this Bill. The very object intended to be secured by the amendment is provided for in this section to the satisfaction of the Insurance Department. The Minister of Finance is here, and he will probably express his own opinion about it. The effect of adopting this amendment would be to throw the Bill back into the hands of the Senate, where, by the efflux of time, it would be killed. That is the effect of the motion-I will not say it is the intention. We have all been in parliament long enough to know that if this House is to close to-night or Mondav night this Bill will be fought in the Senate by the people who have been fighting it for two months. In the interest of the policyholders in this country, whose interests are preserved by the Bill, we should avoid amendment if possible. And amendment can be avoided here, because every idea contained in the proposed amendment is al-
ready covered in the section. If the Bill is killed in the Senate many of these policyholders 'will be forced out through an increase of assessments. How will this benefit them ? And what harm will it do the company ? You cannot hurt the company by preventing the Bill going through. They do not care whether you carry it or not. They will simply levy assessments upon these people, and as long as they do so, these policy-holders will pay. When the thing comes to its finish and there are only two or three policy-holders left, the two will have to pay $500 each to pay the death claim of the third, and when there is only one left he will have to pay his own $1,000. If this amendment carries that will be the ultimate result. It will not protect the policy-holders one hair. This deposit is in the hands of the Receiver General, and cannot be moved by the company.
Topic: EFFECT OF THE BILL.