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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:

Professional and Other Services   $           0
Transportation and Communications   $  20,000
Other Expenditures $           0  
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Total

$ 20,000

Respectfully submitted

LISE BACON
Chair


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