55 Elizabeth II, A.D. 2006, Canada

Journals of the Senate
(Unrevised)

1st Session, 39th Parliament

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Issue 27 - Appendix "Q"

Thursday, June 22, 2006
1:30 p.m.

The Honourable Noël A. Kinsella, Speaker

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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

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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, 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

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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

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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, 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
Air transportation:
15 x 2,300	$ 34,500
Ground Transportation:
Taxis: $250 x 15	3,750
Minibus rental: $1100 x 3 days	3,300
Train (New York to Washington): $300 x 15	4,500
Per diem and incidentals:
$100 x 15 x 4 days	6,000
Hotel accommodations:
4 nights at $485/night x 15 participants	29,100
Contingencies:	3,000
B. Work on behalf of the Committee (Participation at conferences)		$ 9,150
Air transportation	$ 6,000
Ground transportation	400
Hotel	1,600
Per diem	400
Contingencies:	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

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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

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