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

Issue 23 - Eleventh Report of the Committee

Tuesday, April 29, 2003

The Standing Senate Committee on Banking, Trade and Commerce has the honour to present its

ELEVENTH REPORT

Your Committee, which was authorized by the Senate on Tuesday, October 29, 2002, to examine and report on the administration and operation of the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act; 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,

E. LEO KOLBER

Chair

_____________________________________________

STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE

SPECIAL STUDY — BANKRUPTCY AND INSOLVENCY

APPLICATION FOR BUDGET AUTHORIZATION
FOR THE PERIOD ENDING JUNE 19, 2003

Extract from the of Journals of the Senate of Tuesday, October 29, 2002:

The Honourable Senator Kolber moved, seconded by the Honourable Senator Bacon:

That in accordance with the provisions contained in section 216 of the Bankruptcy and Insolvency Act and in section 22 of the Companies' Creditors Arrangement Act, the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report on the administration and operation of the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act; and

That the Committee submit its final report no later than June 19, 2003.

The question being put on the motion, it was adopted.

Paul C. Bélisle

Clerk of the Senate

_______________________________________________

Summary of expenditures

The Standing Committee on Banking, Trade and Commerce approved the above budget on ______________

The undersigned or an alternate will be in attendance on the date that this Budget is considered.

Date             Chair, Standing Senate Committee on Banking, Trade and Commerce

Date             Chairman, Standing Senate Committee on Internal Economy,
                     Budgets and Administration

_______________________________________________

EXPLANATION OF BUDGET ITEMS

PROFESSIONAL AND OTHER SERVICES

TRANSPORTATION AND COMMUNICATIONS

ALL OTHER EXPENDITURES

The Senate Administration has reviewed this budget application.

Heather Lank                                                                             Date
Director of Committees and Private Legislation

Richard Ranger                                                                           Date
Director of Finance

_____________________________________________

APPENDIX (B) TO THE REPORT

Thursday, April 3, 2003

The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented 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 the administration and operation of the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act, as authorized by the Senate on Tuesday, October 29, 2002. The approved budget is as follows: