Past Session:

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

Second Session Thirty-seventh Parliament, 2002

Chairman: The Honourable E. LEO KOLBER

Wednesday, October 23, 2002
Thursday, October 24, 2002

Issue No. 1

Organizational meeting

First and only meeting on: Bill S-2, An Act to implement an agreement, conventions and protocols concluded between Canada and Kuwait, Mongolia, the United Arab Emirates, Moldova, Norway, Belgium and Italy for the avoidance of double taxation and the prevention of fiscal evasion and to amend the enacted text of three tax treaties, and

First meeting on: The present state of the domestic and international financial system

INCLUDING: THE FIRST REPORT OF THE COMMITTEE (Rule 104)
AND
THE SECOND REPORT OF THE COMMITTEE (Bill S-2)

APPEARING:

Bryon Wilfert, M.P., Parliamentary Secretary to the
Minister of Finance

Maurizio Bevilacqua, M.P., Secretary of State,
International Financial Institutions

WITNESSES:

On Bill S-2

From the Department of Finance:

Mr. Brian J. Ernewein, Director, Tax Legislation Division, Tax Policy Branch;

Mr. David Sénécal, Acting Chief, Tax Treaties, Tax Legislation Division.

From the Department of Foreign Affairs and International Trade:

Mr. Andrian Norfolk, Deputy Director, Human Rights, Humanitarian Affairs, International Women's Equality Division.

On Canadian perspective to the Enron collapse

From the Department of Finance:

Mr. Bob Hamilton, Assistant Deputy Minister, Financial Policy Branch;

Mr. Charles Seeto, Director, Financial Sector Division, Financial Sector Policy Branch.

MEMBERS OF THE COMMITTEE

The Honourable E. Leo Kolber, Chairman

The Honourable David Tkachuk, Deputy Chair

and

The Honourable Senators:

Angus, *Carstairs, P.C. (or Robichaud, P.C.), Fitzpatrick, Fraser, Kelleher, P.C., *Lynch-Staunton (or Kinsella), Meighen, Prud'homme, P.C., Setlakwe, Sparrow, Stollery, Taylor

*Ex Officio Members

(Quorum 4)

Changes in membership of the committee:

Pursuant to rule 85(4), membership of the committee was amended as follows:

The name of the Honourable Senator Fraser substituted for that of the Honourable Senator Kroft (October 23, 2002).

The name of the Honourable Senator Robichaud, P.C., substituted for that of the Honourable Senator Hervieux- Payette, P.C. (October 23, 2002).

The name of the Honourable Senator De Bané, P.C., substituted for that of the Honourable Senator Poulin (October 23, 2002).

The name of the Honourable Senator Sparrow substituted for that of the Honourable Senator Robichaud, P.C., (October 24, 2002).

The name of the Honourable Senator Stollery substituted for that of the Honourable Senator De Bané, P.C., (October 24, 2002).

Banking, Commerce and the Economy