CROWN FINANCIAL INSTITUTIONS
The Standing Senate Committee on Banking, Trade and Commerce
Chairman, The Honourable Michael Kirby
Deputy Chairman, The Honourable David Angus
April 1996
TABLE OF CONTENTS
MEMBERSHIP AND ORDER OF REFERENCE
A. Legislative Histories of the Four Crown Financial Institutions: A Summary
B. The Economic Council of Canada
C. The Standing Committee on Industry of the House of Commons
WHAT THE BANKING COMMITTEE HEARD
A. What Does Small Business Mean?
B. Where Are the "Gaps" in Debt Capital Markets?
C. The Canadian Commercial Corporation
D. The Small Business Loans Act (SBLA) and the Farm Improvements and Cooperatives Loans Act (FIMCLA)
G. The Regional Development Agencies
VIEWS AND RECOMMENDATIONS OF THE COMMITTEE
APPENDIX A: PUBLIC SECTOR FINANCIAL INSTITUTIONS
APPENDIX B: OPERATIONAL DEFINITIONS OF SMALL BUSINESS
APPENDIX C: THE MANDATE OF FEDERAL REGIONAL DEVELOPMENT AGENCIES IN CANADA
MEMBERSHIP
The Standing Senate Committee on Banking, Trade and Commerce:
The Honourable Michael Kirby, Chairman
The Honourable W. David Angus, Deputy Chairman
and
The Honourable Senators:
|
Austin, Jack, P.C. *Fairbairn, Joyce, P.C. (or Graham, Alasdair B.) Hervieux-Payette, Céline, P.C. Kelleher, James F., P.C. Kenny, Colin Kolber, E. Leo |
*Lynch-Staunton, John (or Berntson, Eric) Meighen, Michael Arthur Perrault, Raymond, P.C. St. Germain, Gerry, P.C. Simard, Jean-Maurice Stewart, John B. |
* Ex Officio Members
Note: The Honourable Senators Gauthier, Lebreton, Oliver, Stollery, Stratton and Sylvain also served on the Committee or were present at meetings at various stages during the course of this study.
Staff from the Research Branch of the Library of Parliament:
Mr. Gerald Goldstein, Director, Economics Division.
Staff from the Committees and Private Legislation Directorate:
Ms. Janelle Feldstein, Administrative Assistant.
Paul Benoit, Clerk of the Committee
ORDERS OF REFERENCE
Extract from the Journals of the Senate, Thursday, March 21, 1996:
"The Honourable Senator Graham, on behalf of Senator Kirby, moved:
THAT, the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report upon the present state of the financial system in Canada;
THAT the papers and evidence received and taken on the subject during the First Session of the Thirty-Fifth 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 December 12, 1996.
The question being put on the motion, it was adopted."
Paul Bélisle
Clerk of the Senate
Extract from the Journals of the Senate, Thursday, March 28, 1996:
"The Honourable Senator St. Germain, on behalf of Senator Kirby, seconded by the Honourable Senator MacDonald (Halifax), moved:
THAT the Standing Senate Committee on Banking, Trade and Commerce, which was authorized by the Senate on March 21, 1996 to examine the present state of the financial system in Canada, be permitted, notwithstanding usual practices, to deposit a 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.
The question being put on the motion, it was adopted."
Paul Bélisle