moved:
Motion No. 8
That Bill C-89, in Clause 12, be amended: a ) by replacing line 14, on page 7, with the following:
"12. (1) Subject to subsection (2), the Minister, with the approval of the"; and b ) by adding after line 30, on page 7, the following:
"(2) No agreement or arrangement under paragraph (1)( a ) or ( b ) or payment under paragraph ( c ), may be entered into or made until a ) the Minister has laid before the House of Commons a proposal that the agreement or arrangement be entered into or the payment be made, b ) the proposal has been referred to such committee as the House may determine, c ) the committee has reported that it approves of the proposal, and d ) the House has concurred in the report.''
Motion No. 9
That Bill C-89 be amended by adding after line 36, on page 7, the following new Clause:
"13.1 No transaction that is made by the Minister or CN at any time before the first day that more than fifty percent of the shares in CN are owned by parties other than Her Majesty in right of Canada a ) that would transfer to Her Majesty in right of Canada any part, subsidiary, operation or property of CN with a value exceeding one million dollars, or b ) that would transfer to a party other than Her Majesty in right of Canada any part, subsidiary, operation or property of CN with a value exceeding ten million dollars,
shall be entered into until c ) the Minister has laid before the House of Commons a proposal that the transaction be entered into, d ) the proposal has been referred to such committee as the House may determine, e ) the committee has reported that it approves of the proposal, and f ) the House has concurred in the report of the committee.''
Motion No. 10
That Bill C-89 be amended by adding after line 36, on page 7, the following new Clause:
"13.1 (1) No transaction that is made by the Minister or CN at any time before the first day that more than fifty percent of the shares in CN are owned by parties other than Her Majesty in right of Canada a ) that would transfer to Her Majesty in right of Canada any part, subsidiary, operation or property of CN with a value exceeding one million dollars, or b ) that would transfer to a party other than Her Majesty in right of Canada any part, subsidiary, operation or property of CN with a value exceeding ten million dollars, shall be entered into unless c ) the Minister has referred the matter to the Auditor General of Canada, and d ) the Auditor General has reviewed the transaction and prepared and caused to be laid before the House of Commons, a report stating that, in the opinion of the Auditor General, the transaction is in the interest of CN and of Canada.
(2) The Auditor General shall cause the report to be laid before the House of Commons within fifteen days after the date of referral by the Minister."