Bill C-4
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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. Once the first directors elected to the board assume
office, 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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