Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

Issue 3 - Minutes of Proceedings


OTTAWA, Wednesday, December 8, 1999
(6)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 3:40 p.m. in Room 505, Victoria Building, the Chairman, the Honourable E. Leo Kolber, presiding,

Members of the committee present: The Honourable Senators Angus, Fitzpatrick, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kolber, Meighen, Oliver and Tkachuk (10).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Alexandre Laurin, Research Officer.

Also present: The official reporters of the Senate.

WITNESS:

From the University of Ottawa:

Professor Vern Krishna, Faculty of Law.

Pursuant to the Order of Reference adopted by the Senate on Tuesday, November 23, 1999, the committee resumed its examination into the present state of the domestic and international financial system and in particular its study of the capital gains tax. (See Issue No. 1, November 24, 1999, for the full text of the order of Reference.)

Professor Krishna made an opening statement and then answered questions.

At 5:20 p.m., the committee adjourned to the call of the Chair.

ATTEST:


OTTAWA, Thursday, December 9, 1999
(7)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 11:00 a.m. in Room 356-S, Centre Block, the Chairman, the Honourable E. Leo Kolber, presiding.

Members of the committee present: The Honourable Senators Angus, Fitzpatrick, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kolber, Kroft, Meighen and Tkachuk (10).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Alexandre Laurin, Research Officer.

Also present: The official reporters of the Senate.

WITNESS:

From the Fraser Institute:

Professor Herb Grubel, Department of Economics, Simon Fraser University.

Pursuant to the Order of Reference adopted by the Senate on Tuesday, November 23, 1999, the committee resumed its examination into the present state of the domestic and international financial system and in particular its study of the capital gains tax. (See Issue No. 1, November 24, 1999, for the full text of the Order of Reference.)

Professor Grubel made an opening statement and then answered questions.

At 12:20 p.m., the committee proceeded in camera to discuss future business.

At 1:30 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Gary Levy

Clerk of the Committee


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