Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 5 - Eighth Report of the Committee
Thursday, June 22, 2006
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 Tuesday, May 2, 2006, to examine and report upon the present state of the domestic and international financial system, respectfully requests for the purpose of this study that it be empowered to engage the services of such counsel, technical, clerical and other personnel as may be necessary and that it be empowered to travel within and outside of Canada.
Pursuant to Chapter 3:06, section 2(1)(c) of the Senate Administrative Rules, 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,
JERAHMIEL S. GRAFSTEIN
Chair
STANDING SENATE COMMITTEE ON
BANKING, TRADE AND COMMERCE
SPECIAL STUDY ON THE PRESENT STATE OF THE DOMESTIC AND INTERNATIONAL FINANCIAL SYSTEM
APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2007
Extract from the Journals of the Senate of Tuesday, May 2, 2006
The Honourable Senator Grafstein moved, seconded by the Honourable Senator Fairbairn:
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 Committee submit its final report no later than December 31, 2007.
After debate,
The question being put on the motion, it was adopted.
Paul C. Bélisle
Clerk of the Senate
SUMMARY OF EXPENDITURES
| Professional and Other Services | $ 27,300 |
| Transportation and Communications | 93,300 |
| All Other Expenditures | 2,000 |
| TOTAL | $ 122,600 |
The above budget was approved by the Standing Senate Committee on Banking, Trade and Commerce on Wednesday, May 31, 2006.
The undersigned or an alternate will be in attendance on the date that this budget is considered.
| Date | The Honourable Jerry Grafstein | |
| Chair, Standing Senate Committee on Banking, Trade and Commerce |
| Date | The Honourable George J. Furey | |
| Chair, Standing Committee on Internal Economy, Budgets and Administration |
FOR INFORMATION ONLY
| Fiscal year | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | 2005-2006 |
| Total Approved | $ 30,000 | $ 277,200 | $ 63,000 | $ 36,650 | $ 94,900 |
| Expenditures | $ 0 | $ 131,146 | $ 38,333 | $ 98 | $ 1,338 |
STANDING SENATE COMMITTEE ON
BANKING, TRADE AND COMMERCE
SPECIAL STUDY ON THE PRESENT STATE OF THE DOMESTIC AND INTERNATIONAL FINANCIAL SYSTEM
EXPLANATION OF BUDGET ITEMS
APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2007
PROFESSIONAL AND OTHER SERVICES
| 1. Expert consultants and Consultant in
Communications (0401) & (0435) (20 days at $ 600 per day) |
$ 12,000 | ||
| 2. Working Meals (0415) Working lunches and dinners (15 meals at $ 400) |
6,000 | ||
| 3. Working Meals (0415) Working lunches and dinners (New York-Washington) (2 meals at $ 1400) |
2,800 | ||
| 4. Translation and Interpretation Services (0412) (for trip to New York-Washington) ($625 x 4 days) |
2,500 | ||
| 5. Hospitality (0410) | 2,000 | ||
| 6. Membership and Registration fees (0406) | 2,000 | ||
| TOTAL | $ 27,300 |
TRANSPORTATION AND COMMUNICATIONS
| 1. Travel Expenses (0201) | |||
| A. Ottawa —New York-Washington (15 participants - 12 Senators and 3 staff) | $ 84,150 | ||
|
|||
|
$ 34,500 | ||
|
|||
|
3,750 | ||
|
3,300 | ||
|
4,500 | ||
|
|||
|
6,000 | ||
|
|||
|
29,100 | ||
|
3,000 | ||
| B. Work on behalf of the Committee (Participation at conferences) |
$ 9,150 | ||
|
$ 6,000 | ||
|
400 | ||
|
1,600 | ||
|
400 | ||
|
750 | ||
| TOTAL | $ 93,300 |
ALL OTHER EXPENDITURES
| 1. Miscellaneous expenses (0799) | $ 2,000 | ||
| TOTAL | $ 2,000 |
The Senate administration has reviewed this budget application.
| Heather Lank, Principal Clerk, Committees Directorate | Date |
| Hélène Lavoie, Director of Finance | Date |
APPENDIX (B) TO THE REPORT
Thursday, June 22, 2006
The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented to it by the Senate Standing Committee on Banking, Trade and Commerce for the proposed expenditures of the said Committee for the fiscal year ending March 31, 2007 for the purpose of its Special Study on the present state of the domestic and international financial system, as authorized by the Senate on Tuesday, May 2, 2006. The said budget is as follows:
Professional and Other Services $ 27,300 Transport and Communications 93,300 Other Expenditures 2,000 Total $ 122,600
(includes funding for fact-finding mission)
Respectfully submitted,
GEORGE J. FUREY
Chair