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A question to be asked and answered
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Niagara Falls, Ontario,
Friday, June 25, 2004
by: Joe Hueglin |
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Conservative finance critic Monte Solberg is quoted as
saying |
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"Ottawa should allow higher levels of foreign investment
in sectors of the economy like telecommunications. . . . "In general, we're
in favour of a more open border for foreign investment " (1) |
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Stephen Harper's statement that |
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"The Conservatives would scrap the Air Canada Public Participation
Act" (2) |
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raises a question as yet unasked. What is his position
in regard to maintaining Section 6. (3) of the Act that place limitations on non-resident ownership?
And, as extension of that, on removing restrictions not only on telecommunications
and airlines but media and banks? |
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His intentions in these regards are most certainly of
equal consequence to that of knowing his position on airlines operating in both official
languages. |
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Joe Hueglin
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| References: |
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- 1. LeGras, Gilbert, Conservatives
Vow Balanced Budgets (pdf) June 17, 2004, Reuters
- http://news.yahoo.com/news?tmpl=story&cid=840&u=/nm/20040617/wl_canada_nm/canada_economy_conservatives_col&printer=1
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- 2. Moore, Dene, Harper on defensive in
final election week as he defends plans for Air Canada (pdf) June 20, 2004, CP
- http://www.recorder.ca/cp/National/040620/n062045A.html
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3. Air Canada
Public Participation Act August 18, 1985, Government of Canada
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6. Mandatory provisions in articles of continuance
(1) The articles of continuance
of the Corporation shall contain
(a) [Repealed, 2001, c. 35,
s. 1]
(b) provisions imposing constraints
on the issue, transfer and ownership, including joint ownership, of voting shares
of the Corporation to prevent non-residents from holding, beneficially
owning or controlling, directly or indirectly, otherwise than by way
of security only, in the aggregate voting shares to which are attached more than
25%, or any higher percentage that the Governor in Council
may by regulation specify, of the votes that may ordinarily be cast to elect directors
of the Corporation, other than votes that may be so cast by or on behalf of
the Minister;
(c) provisions respecting
the counting or prorating of votes cast at any meeting of shareholders of the Corporation
and attached to voting shares of
the Corporation that are held, beneficially owned or controlled, directly or indirectly,
by non- residents so as to limit the counting of those votes to
not more than 25%, or any higher percentage specified for the purposes of paragraph
(b), of the total number of votes cast by shareholders at that meeting;
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Retrun to Ensign
- Return to Saskatchewan
News
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This page is a story posted on Ensign
and/or Saskatchewan News, both of which are daily web sites offering a variety
of material from scenic images, political commentary, information and news. These
publications are the work of Faster Than
Light Communications . If you would like to comment on
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Editor : Timothy W. Shire
Faster Than Light Communication
Box 1776, Tisdale, Saskatchewan, Canada, S0E 1T0
306 873 2004
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