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FINA Committee Meeting

Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.

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Meeting No. 86

MINUTES OF PROCEEDINGS

Wednesday, May 13, 1998

The Standing Committee on Finance met at 3:40 o’clock p.m., this day, in Room 37l, West Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Maurizio Bevilacqua, David Iftody, Gilles A. Perron, Gary Pillitteri, Karen Redman, Paul Szabo.

Acting Members present: Ovid Jackson for Paddy Torsney; John Finlay for Tony Valeri; Keith Martin for Dick Harris.

In attendance: From the Research Branch of the Library of Parliament: Marion G. Wrobel, Research Officer.

Witnesses: From the Department of Finances: Douglas R. Wyatt, Counsel, General Legal Services; John Grace, Economist, Financial Sector Division; Frank Swedlove, Director, Financial Sector Division, Financial Sector Policy Branch; Robert Turnbull, Senior Legal Counsel, Bank of Canada.

In accordance with the Order of Reference of the House of Commons of Monday, April 27, 1998, the Committee commenced consideration of Bill S-9, An Act respecting depository bills and notes and to amend the financial Administration Act.

Frank Swedlove made a statement and, with Douglas R. Wyatt and Robert Turnbull, answered questions.

The Committee proceeded to Clause-by-Clause consideration of the Bill.

Pursuant to Standing Order 75(1), consideration of Clause l was postponed.

Clauses 2 to 21carried.

Clause 1 carried.

The Title carried

The Bill carried.

ORDERED, - That the Chair report Bill S-9 to the House.

At 4:00 o’clock p.m., the Committee adjourned to the call of the Chair.

ERIC JANSE

 

 

Co-clerk of the Committee