Proceedings of the Standing Senate Committee on
Banking, Trade and
Commerce
Issue 50 - Twenty-third and Twenty-fourth Reports of the Committee
TUESDAY, April 27, 1999
The Standing Senate Committee on Banking, Trade and Commerce has the honour to present its
TWENTY-THIRD REPORT
Your Committee, to which was authorized by the Senate on Wednesday, October 22, 1997, to examine and report upon the present state of the financial system in Canada, now requests approval of funds for 1999-2000.
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,
MICHAEL A. MEIGHEN
Acting Chairman
STANDING COMMITTEE ON BANKING, TRADE AND COMMERCE
EXAMINATION OF THE FINANCIAL SYSTEM IN CANADA
APPLICATION FOR BUDGET AUTHORIZATION
FROM APRIL TO SEPTEMBER 1999
ORDERS OF REFERENCE
Extract from the Journals of the Senate, Wednesday, October 22, 1997:
The Honourable Senator Carstairs for the Honourable Senator Kirby moved, seconded by the Honourable Senator Callbeck:
That, the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report upon the present state of the financial system in Canada;
That the Committee have the power to permit coverage by electronic media of its public proceedings with the least possible disruption of its hearings; and
That the Committee submit its final report no later than December 10, 1998.
The question being put on the motion, it was adopted.
Paul Bélisle
Clerk of the Senate
Extract from the Journals of the Senate, Tuesday, February 16, 1999:
The Honourable Senator Kirby moved, seconded by the Honourable Senator Callbeck:
That, notwithstanding the motion adopted by the Senate on Thursday, December 10, 1998, the Standing Senate Committee on Banking, Trade and Commerce be authorised to extend the date for the presentation of its final report on the state of the financial system in Canada from February 28, 1999 to December 31, 1999; and
That, notwithstanding usual practices, if the Senate is not sitting when the report is completed, the Committee be authorised to deposit it with the Clerk of the Senate, and that the said report shall thereupon be deemed to have been tabled in the Chamber.
After debate,
The question being put on the motion, it was adopted.
Paul Bélisle
Clerk of the Senate
| SUMMARY OF EXPENDITURES
|
|
| PROFESSIONAL AND OTHER SERVICES
|
$ 8,800
|
| TRANSPORTATION AND COMMUNICATIONS
|
$ 28,170
|
| OTHER EXPENDITURES
|
$ 13,000
|
| TOTAL
|
$ 49,970
|
--------------------------
The undersigned or an alternate will be in attendance on the date that this budget is considered.
___________________________________________________________ ____________
Chairman, Standing Senate Committee on Banking, Trade and Commerce Date
___________________________________________________________________ ____________
Chairman, Standing Committee on Internal Economy, Budgets and
Administration Date
FOR INFORMATION ONLY
PAST BUDGET
| Total budget approved for special study for
fiscal year 1998-99:
|
$ 635,310
|
| Expenditures to March 31, 1998:
|
$ 535,000
|
EXPLANATION OF
BUDGET FROM APRIL TO SEPTEMBER 1999
THE STUDY OF CANADIAN FINANCIAL SYSTEM BY THE
STANDING COMMITTEE ON BANKING, TRADE AND COMMERCE
| PROFESSIONAL AND OTHER SERVICES
|
|
| 1. Reporting and Transcribing Services (0403)
Official reporters on contract for public hearings (2 reporters at $300 per
day for 2 days of testimony + $800 per day for transcript)
|
$ 2,800
|
| 2. Translation and Interpretation Services (0412)
Services of technicians and equipment for electronic recording during public
hear ings (ISTS Inc. - $1,500 for 2 days)
|
$ 3,000
|
| 3. Meals (0415) Working breakfasts, lunches and
suppers (10 lunches or suppers at $300 each)
|
$ 3,000
|
| Total
|
$ 8,800
|
TRANSPORTATION AND COMMUNICATIONS
Travel expenses (0203)
Committee travel from Ottawa - Toronto - Ottawa (April 28-29, 1999)
12 Senators
1 Committee Clerk
2 Library Researchers
4 Committee
Assistants
19 participants
| a) Air Transportation: 12 Senators x $660 and
7 staff x $600
|
$ 12,120
|
| b) Ground Transportation: taxis or equivalent
in mini- buses
|
$ 4,500
|
| c) Per Diem: 2 days x $50 x 12 Senators 2
days x $50 x 7 staff
|
$ 1,900
|
| d) Hotel Accommodations: (Toronto - April 28
- 29) 2 nights x $175 per night for 12 Senators 2 nights x $175 per
night for 7 staff
|
$ 6,650
|
| TOTAL (Air Transportation, Ground Transportation,
Per Diem, Hotel Accommodations)
|
$ 25,170
|
| ALL OTHER EXPENDITURES
|
|
| 1. Courier Services (0213)
|
$ 1,000
|
| 2. Contingency funds for travel (0202)
|
$ 2,000
|
| Total
|
$ 3,000
|
| TOTAL (TRANSPORTATION AND COMMUNICATIONS)
|
$ 28,170
|
| 1. Meeting room rentals (0500) $1,000 per day
for 2 days
|
$ 2,000
|
| 2. Purchase of books, electronic periodical,
newspapers and periodicals (0702)
|
$ 10,000
|
| 3. Miscellaneous (0799)
|
$ 1,000
|
| TOTAL
|
$ 13,000
|
| SUMMARY OF EXPENDITURES
|
|
| PROFESSIONAL AND OTHER SERVICES
|
$ 8,800
|
| TRANSPORTATION AND COMMUNICATIONS
|
$ 28,170
|
| OTHER EXPENDITURES
|
$ 13,000
|
| TOTAL
|
$ 49,970
|
-------------------------
The Senate administration has reviewed this budget application.
________________________________________________________ ______________
Gary O'Brien
Director of Committees and Private Legislation Date
________________________________________________________ ______________
Siroun Aghajanian, Director of Finance Date
APPENDIX (B) TO THE REPORT
TUESDAY, April 27, 1999
The Standing Committee on Internal Economy, Budgets and Administration has examined and approved 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, 2000 for the purpose of its Examination of the Financial System in Canada as authorized by the Senate on Wednesday October 22, 1997 and Tuesday, February 16, 1999. The said budget is as follows:
| Professional and Other Services
|
$ 8,800
|
| Transportation and Communications
|
28,170
|
| All Other Expenditures
|
13,000
|
| TOTAL
|
$ 49,970
|
Respectfully submitted,
WILLIAM ROMPKEY
Chairman
TUESDAY, May 4, 1999
The Standing Senate Committee on Banking, Trade and Commerce has the honour to present its
TWENTY-FOURTH REPORT
Your committee, to which was referred the Bill S-18, An Act respecting the Alliance of Manufacturers & Exporters Canada, has examined the said bill in obedience to its Order of Reference dated Tuesday, April 20, 1999, and now reports the same without amendment.
Respectfully submitted,
MICHAEL KIRBY
Chairman