51 Elizabeth II, A.D. 2002, Canada

Journals of the Senate

1st Session, 37th Parliament

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Issue 110 - Appendix "B"

Tuesday, April 30, 2002
2:00 p.m.

The Honourable Daniel Hays, Speaker

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TUESDAY, April 30, 2002

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

FIFTEENTH REPORT

Your Committee, which was authorized by the Senate on Tuesday, March 20th, 2001, to examine and report upon the present state of the domestic and international financial system, now, respectfully requests approval of funds for 2002-2003.

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

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APPENDIX (A) TO THE REPORT

STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE

SPECIAL STUDY

APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2003

Extract from the of Journals of the Senate of March 20, 2001:

``The Honourable Senator Tkachuk for the Honourable Senator Kolber moved, seconded by the Honourable Senator Cohen:

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 papers and evidence received and taken on the subject during the First and Second Session of the Thirty-sixth 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;

That, notwithstanding usual practices, the Committee be permitted to deposit an interim 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; and

That the Committee submit its final report no later than March 31, 2002.

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

Paul C. Bélisle

Clerk of the Senate

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Summary of expenditures

Professional & Other Services	$ 88,000
Transportation and communications	$ 285,000
Other Expenditures	$ 10,000
TOTAL	$ 383,000

The Standing Committee on Banking, Trade and Commerce approved the above budget on February 21, 2002. 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 SPECIAL SERVICES

1. Expert consultants (including communication consultant)	$ 85,000
2. Working Meals (0415)
Working lunches and dinners (10 meals at $ 300)	$ 3,000
Subtotal	$ 88,000	$ 88,000

TRANSPORTATION AND COMMUNICATIONS

1. Travel Expenses (0203)
A. London — Geneva — Brussels – Frankfurt
18 participants (12 Senators, 2 researchers, 4 staff)
Air transportation:
12 x $7,700 (business class)	$ 92,400
6 x $5,500 (economy class)	$ 33,000
Ground transportation:
8 taxis (4 cities) x $50 x 18 participants	$ 7,200
Per diem & incidentals:
8 days x $120 x 18 participants	$ 17,280
Hotel accommodation:
7 nights at $300/night x 18 participants	$ 37,800
Interpretation:
6 days at $1,250	$ 7,500
Contingencies	$ 2,820
Subtotal	$ 198,000	$ 198,000
B. New York- Washington
18 participants (12 Senators, 2 researchers, 4 staff)
Air transportation:
18 x $2,500 (economy class)	$ 45,000
Ground transportation:
4 taxis (2 cities) x $50 x 18 participants	$ 3,600
Per diem & incidentals:
4 days x $100 x 18 participants	$ 7,200
Interpretation:
3 days at $1,250	$ 3,750
Hotel accommodation:
3 nights at $350/night x 18 participants	$ 18,900
Contingencies	$ 1,550
Subtotal	$ 80,000	$ 80,000

2. Work on behalf of the Committee
(Participation at conferences, special study relating to legislation, etc)
Air transportation	$ 5,000
Ground transportation	$ 500
Hotel	$ 1,200
Per diem	$ 300
Subtotal	$ 7,000	$ 7,000

ALL OTHER EXPENDITURES

1. Miscellaneous expenses (0799)	$ 1,000
2. Purchase of books and periodicals (subscription to Evans Strategic Policy)	$ 7,000
3. Hospitality	$ 2,000
Subtotal	$ 10,000	$ 10,000
TOTAL		$ 383,000

The Senate Administration has reviewed this budget application.

Heather Lank	Date
Director of Committees and Private Legislation
Richard Ranger	Date
Director of Finance

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APPENDIX (B) TO THE REPORT

Thursday, April 25, 2002

The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented to it by the Standing Committee on Banking, Trade and Commerce for the proposed expenditures of the said Committee for the fiscal year ending March 31, 2003 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, March 20, 2001. The approved budget is as follows:

Professional and Other Services	$ 87,000
Transport and Communications	$ 27,000
Other Expenditures	$ 8,000
Total	$ 122,000

Respectfully submitted,

RICHARD H. KROFT

Chairman

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