54 Elizabeth II, A.D. 2005, Canada

Journals of the Senate

1st Session, 38th Parliament

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Issue 52 - Appendix "C"

Wednesday, April 20, 2005
1:30 p.m.

The Honourable Daniel Hays, Speaker

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Wednesday, April 20, 2005

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 Wednesday, October 20, 2004 to examine and report upon the present state of the domestic and international financial system, respectfully requests that it be empowered to travel outside Canada for the purpose of such study.

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

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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, 2006

Extract from the Journals of the Senate of Wednesday, October 20, 2004:

The Honourable Senator Grafstein moved, seconded by the Honourable Senator Corbin:

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 Thirty-seventh Parliament and any other relevant Parliamentary papers and evidence on the said subject be referred to the Committee; and

That the Committee submit its final report no later than December 31, 2005.

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 and Other Services	$ 26,050
Transportation and Communications	76,150
All Other Expenditures	2,000
TOTAL	$ 104,200

The above budget was approved by the Standing Senate Committee on Banking, Trade and Commerce on February 17, 2005.

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 Furey
		Chair, Standing Committee on Internal Economy, Budgets, and Administration

FOR INFORMATION ONLY

*2004-2005 expenditures are as of Feb. 14, 2005.

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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, 2006

PROFESSIONAL AND OTHER SERVICES

1. Expert consultants (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 2 days)		1,250
5. Hospitality (0410)		2,000
6. Membership and Registration fees (0406)		2,000
TOTAL			$ 26,050

TRANSPORTATION AND COMMUNICATIONS

1. Travel Expenses (0201)
A. Ottawa —New York-Washington (15 participants - 12 Senators and 3 staff)
Air transportation:
15 x 2,300	$ 34,500
Ground Transportation:
Taxis: $250 x 15	3,750
Minibus rental: $1100 x 2 days	2,200
Train (New York to Washington): $300 x 15	4,500
Per diem and incidentals:
$100 x 15 x 3 days	4,500
Hotel accommodations:
2 nights at $485/night x 15 participants	14,550
Contingencies:	3,000
		$ 67,000
B. Work on behalf of the Committee (Participation at conferences)
Air transportation	$ 6,000
Ground transportation	400
Hotel	1,600
Per diem	400
Contingencies:	750
		$ 9,150
TOTAL			$ 76,150

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

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APPENDIX (B) TO THE REPORT

Thursday, April 14, 2005

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, 2006 for the purpose of its Special Study on the present state of the domestic and international financial system, as authorized by the Senate on Wednesday, October 20, 2004. The approved budget is as follows:

Professional and Other Services	$ 26,050
Transport and Communications	66,850
Other Expenditures	2,000
Total	$ 94,900

(includes funding for fact-finding missions and conference attendance)

Respectfully submitted,

GEORGE J. FUREY

Chair

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