REPORT OF THE COMMITTEE | TUESDAY, 25 March 2003 |
The Standing Senate Committee on Banking Trade and Commerce
has the honour to present its
EIGHTH REPORT
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, now, respectfully requests approval of funds for 2003-2004.
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
SPECIAL STUDY – FINANCIAL SYSTEM
APPLICATION
FOR BUDGET AUTHORIZATION
FOR THE PERIOD ENDING JUNE 19, 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
APPENDIX (B) TO THE REPORT
Thursday,
March 20, 2003
The Standing Committee on Internal
Economy, Budgets and Administration has examined the budget submitted to it by
the Standing Senate Committee on Banking, Trade and Commerce for the proposed
expenditures of the said Committee for the fiscal year ending March 31, 2004 for the purpose of its Special Study
on financial systems, as authorized by the Senate on Wednesday, October 23,
2002. The approved budget
is as follows: