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REPORT OF THE COMMITTEE

MONDAY, December 9, 2002

The Standing Senate Committee on Banking Trade and Commerce

has the honour to present its

THIRD REPORT

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Your Committee, which was authorized by the Senate on Wednesday, October 23, 2002, to examine and report upon the present state of the domestic and international financial system, respectfully requests that it be empowered to engage the services of such counsel and technical, clerical and other personnel as may be necessary, and to adjourn from place to place within Canada and to travel inside and outside Canada, for the purpose of such study.

Pursuant to Section 2:07 of the Procedural Guidelines for the Financial Operation of Senate Committees, the budget submitted to the Standing Committee on Internal Economy, Budgets and Administration and the report thereon of that Committee are appended to this report.

Respectfully submitted,

LEO KOLBER
Chairman

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STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE  
SPECIAL STUDY – FINANCIAL SYSTEM  

APPLICATION FOR BUDGET AUTHORIZATION FOR THE FISCAL YEAR ENDING MARCH 31, 2003

 

            Extract from the of Journals of the Senate of October 23, 2002:  

            “The Honourable Senator Kolber moved, seconded by the Honourable Senator Maheu:

            That the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report upon the present state of the domestic and international financial system;

            That the papers and evidence received and taken on the subject during the First Session of the Thirty-seventh Parliament and any other relevant Parliamentary papers and evidence on the said subject be referred to the Committee;

            That the Committee be empowered to permit coverage by electronic media of its public proceedings with the least possible disruption of its hearings;

            That, notwithstanding usual practices, the Committee be permitted to deposit an interim report on the said subject with the Clerk of the Senate, if the Senate is not sitting, and that the said report shall thereupon be deemed to have been tabled in the Chamber; and

            That the Committee submit its final report no later than June 19, 2003.

            After debate,

            With leave of the Senate and pursuant to Rule 30, the motion was modified to read as follows:

            That the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report upon the present state of the domestic and international financial system;

            That the papers and evidence received and taken on the subject during the First Session of the Thirty-seventh Parliament and any other relevant Parliamentary papers and evidence on the said subject be referred to the Committee;

            That the Committee be empowered to permit coverage by electronic media of its public proceedings with the least possible disruption of its hearings; and

            That the Committee submit its final report no later than June 19, 2003.

            The question being put on the motion, as modified, it was adopted.

Paul C. Bélisle  
Clerk of the Senate

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Summary of expenditures