52 Elizabeth II, A.D. 2003, Canada

Journals of the Senate

2nd Session, 37th Parliament

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Issue 43 - Appendix "A"

Tuesday, March 25, 2003
2:00 p.m.

The Honourable Daniel Hays, Speaker

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TUESDAY, 25 March 2003

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 Wednesday, October 23, 2002, to examine and report upon the present state of the domestic and international financial system, now, respectfully requests approval of funds for 2003-2004.

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

Chairman

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STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE

SPECIAL STUDY — FINANCIAL SYSTEM

APPLICATION FOR BUDGET AUTHORIZATION
FOR THE PERIOD ENDING JUNE 19, 2003

Extract from the of Journals of the Senate of October 23, 2002:

``The Honourable Senator Kolber moved, seconded by the Honourable Senator Maheu:

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 Session of the Thirty-seventh 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 June 19, 2003.

After debate,
With leave of the Senate and pursuant to Rule 30, the motion was modified to read as follows:

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 Session of the Thirty-seventh 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; and

That the Committee submit its final report no later than June 19, 2003.

The question being put on the motion, as modified, it was adopted.

Paul C. Bélisle

Clerk of the Senate

Summary of expenditures

Professional & Other Services	$ 48,000
Transportation and communications	$ 27,000
Other Expenditures	$ 3,000
TOTAL	$ 78,000

The Standing Committee on Banking, Trade and Commerce approved the above budget on ______________

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

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EXPLANATION OF BUDGET ITEMS

PROFESSIONAL AND SPECIAL SERVICES

1. Expert consultants
(3 months at $5,000)	$ 15,000
2. Communication consultants
(3 months at $10,000)	$ 30,000
3. Working Meals (0415)
Working lunches and dinners (10 meals at $ 300)	$ 3,000
Subtotal		$ 48,000

TRANSPORTATION AND COMMUNICATIONS

1. Travel Expenses (0203)

A. New York- Washington
April 1-2, 2003

12 participants (10 Senators, 2 staff)

Ground transportation:
Train from New York to Washington
($375 x 12 participants)	$ 4,500
Mini bus
(2 day at $1,000)	$ 2,000
2 taxis x $50 x 12 participants	$ 1,200
Per diem & incidentals:
2 days x $100 x 12 participants	$ 2,400
Interpretation:
2 days at $1,250	$ 2,500
Hotel accommodation:
1 nights at $450/night x 12 participants	$ 5,400
Contingencies	$ 2,000
Subtotal		$ 20,000

2. Work on behalf of the Committee
(Participation at conferences, special study
relating to this order of reference, etc)

Air transportation	$ 5,000
Ground transportation	$ 500
Hotel	$ 1,200
Per diem	$ 300
Subtotal		$ 7,000

ALL OTHER EXPENDITURES

1. Miscellaneous expenses (0799)	$ 1,000
2. Hospitality	$ 2,000
Subtotal		$ 3,000
TOTAL		$ 78,000

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, March 20, 2003

The Standing Committee on Internal Economy, Budgets and Administration has examined the budget submitted 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, 2004 for the purpose of its Special Study on financial systems, as authorized by the Senate on Wednesday, October 23, 2002. The approved budget is as follows:

Professional and Other Services	$ 0
Transportation and Communications	$ 20,000
Other Expenditures	$ 0
Total	$ 20,000

Respectfully submitted,

LISE BACON

Chair

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