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. 54
MINUTES OF PROCEEDING
Wednesday, November 19, 1997
The Standing Committee on Finance met at 3:33 o’clock p.m., this day, in room 307, West Block, the Chair, Maurizio Bevilacqua, presiding.
Members of the Committee present: Mark Assad, Maurizio Bevilacqua, Roger Gallaway, David Iftody, Jim Jones, Gary Pillitteri, Karen Redman, Monte Solberg, Paul Szabo and Paddy Torsney.
Acting Members present: Diane Ablonczy for Gerry Ritz; Paul Crête for Yvan Loubier; Ian Murray for Tony Valeri; Lorne Nystrom for Nelson Riis.
Witnesses: From Knight, Bain, Seath, Holbrook Capital Magement Inc.: Richard Holbrook; Kevin Willis. From the National Action Committee on the Status of Women: Grace Buller, Member. From the Regal Capital Planners: Christine Lambert, Financial Planner. As Individual: John Kroeker. From the Canadian Association of University Teachers: Claude Dionne, Acting Executive Director; Rosalind Riseborough, Director, Member Services; Bob Moore, Professional Officer, Research & Economic Benefits; Robert Léger, Professional Officer, Relations with Governments.
The Committee resumed its examination of Bill C-2, An Act to establish the Canada Pension Plan Investment Board and to amend the Canada Pension Plan and the Old Age Security and to make consequential amendments to other Acts. (See Minutes of Proceedings, Tuesday, October 28, Meeting No. 30).
Richard Holbrook made a statement and, with Kevin Willis, answered questions.
At 4:14 o’clock p.m., the sitting was suspended.
At 4:19 o’clock p.m., the sitting resumed.
Grace Buller made a statement and answered questions.
At 4:48 o’clock p.m., the sitting was suspended.
At 4:51 o’clock p.m., the sitting resumed.
Christine Lambert made a statement and, with John Kroeker, answered questions.
At 5:28 o’clock p.m., the sitting was suspended.
At 5:32 o’clock p.m., the sitting resumed.
By unanimous consent the Committee proceeded to consideration of its future business.
On motion of Karen Redman, it was agreed, --That the Committee approve the proposed budget of $82,600 for the period October 2, 1997 to March 31, 1998 and that the Chair be authorized to present the said budget to the Liaison Committee.
On motion of Paul Szabo, it was agreed, --That, in accordance with Board of Internal Economy guidelines, the Committee approve the reimbursement of one week per diem to a maximum of $198.00 to Ms. Claudia Caissie, interpreter, for the teft of her wallet while traveling with Group B.
On motion of Paddy Torsney, it was agreed, --That the Committee hire a French and English editor to review the text of the Committee’s report at a rate not exceeding $5,000.
On motion of Paul Szabo, it was agreed, --That the Committee authorize the printing of the dissenting opinions of the Reform Party of Canada; and/or the Bloc Québécois; and/or the New Democratic Party and/or the Progressive Conservative Party of Canada as appendixes to this report, immediately following the signature of the Chair and, that the dissenting opinions be submitted to the Clerk no later than 5:00 p.m. on Wednesday, November 26, 1997.
Paddy Torsney moved, --That the dissenting opinions not exceed 5 pages and be provided in both official languages.
And debate thereon, the motion carried on division.
On motion of Paul Szabo, it was agreed, --That the Committee Report be printed in accordance with the policy establish by the Board of Internal Economy. (550 copies)
On motion of Paul Szabo, it was agreed, --That a press conference be held after the tabling of the report in the House at the discretion of the Chair.
The Committee then resumed consideration of Bill C-2, An Act to amend the Canada Pension Plan Investment Board and to amend the Canada Pension Plan and the Old Age Security and to make consequential amendments to other Acts.
Rosalind Risiborough made a statement and, with Bob Moore and Robert Léger, answered questions.
At 6:08 o’clock p.m., the Committee adjourned to the call of the Chair.
Carol Chafe
Clerk of the Committee