Bill C-72
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RECOMMENDATION |
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His Excellency the Governor General recommends to the House of
Commons the appropriation of public revenue under the circumstances,
in the manner and for the purposes set out in a measure entitled ``An Act
to amend the Canadian Wheat Board Act and to make consequential
amendments to other Acts''.
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SUMMARY |
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This enactment makes changes to the Canadian Wheat Board in the
areas of corporate governance and operational flexibility. It replaces the
commissioner structure of senior management with a board of directors
and a president. On the election by farmers of one or more directors to
the board, the Canadian Wheat Board ceases to be an agent of Her
Majesty, however, borrowings will continue to be guaranteed by the
federal government. In the area of operations, the Canadian Wheat
Board will be authorized to buy grain and reimburse farmers for grain
on more flexible terms. A contingency fund, established by the
Canadian Wheat Board, will support certain of these operations.
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