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Pag II WEEKEND EXTRA Friday IM3 MPPs report from Queens Park By JULIAN REED TOUST COMPANY CONTROVERSY The furore about Onta rio rust companies con tinue unabated with now development becoming public almost dally One question being ask is whether Tnut Companies Association of Canada took advantage of Inside information to withdraw from Trust Co Jan mere hours before tbe company assets were seind by the province The government has been sharply by the Opposition about his alle gation which Is currently being Investigated by the Ontsrio Securities Commission Also being probed by the Commas on ore reports that Guaranty Trust tried to withdraw million from Crown Trust the day before the takeover Needless to say the Trust Companies Association is refusing to comment on the controversy Millions of dollars In negotiable securities are being or have been removed from the vaults of Crown Trust for safe keeping by the Bank of Canada a precaution ary measure Trust Co and Seaway Trust Co have also been token over by the province due to concern about mortgages In transactions some 11000 apart ment units In Metro Toronto Provincial government lawyers are checking into the proposed tale of the company which manages former Cadillac Fair view apartment and buildings to an American firm If this sale is concluded it would mean that be 30000 people who live in the controversial units would have their third landlord in a many months a development described by David Peterson as incredible In other developments the owner of Seaway Trust has accused the government of rewriting tbe accounts of bis seised company The Minister had earlier told the Legislature that Sea way accounts were seriously lacking In accuracy Apparently also there Is a Swiss financier Involved with two of the three bust companies by Ontario government and a ate Edmonton firm Is a strong contender to pur chase Crown Trust According to the torGeneraT be Ontario Police and the Soya Canadian Mounted Police are Investigating sial apartment unit sale minister of con sumer rind commercial relations In a statement to the Legislature Jan said that Crown Trust had not been a viable con cern when the govern ment moved in Jan that tbe company s lend ing practices since last JULIAN REED MPP September have departed from the conservatism that bad been displayed before then and serious deficiencies have been found in the security underlying about million of Its Invest The minister has inli mated that the crisis in confidence in the ties of Crown Trust Grey mac Trust and Seaway Trust has shocked his staff and himself into re evaluating the govern ment role in monitoring such institutions We may in the future he aid have o commit greater resources to the review of financial Deadline nears for Photoart 83 The deadline Is fast approaching for Hills second annual juried exhibition of photography Photographs selected from among entries by a panel of three local Judges will be displayed in tbe librarycultural centre throughout March Enter your color or black and white prints by Feb 13 mounting each on white board with a threeinch margin on which you must Write all pertinent data on the back and place photos In an envelope marked M Entries are being accepted i at the Georgetown library Turn Your Old Furnace Into An Energy Saver fattdd on CARRIER HEAT PUMP trout CARRIER HEAT PUMPS htm CAU HOW MUCH YOU CAN CM out vow bom vow a weal on new CARRIER HEAT PUMP thaw you how much hearing tutlons to enable us to make more detailed and ex tens exam I nations of some operations on a more routine basis Some people are asking how the minister and his officials could be so naive bearing In mind what happened not so long ago in connection with ReMor Investment Corpora ion and Its parent company Astra Trust Company and the fact that these companies continue to be the subject of continu ing court battles and arguments over the Government a liability in the matter GENEVA PARK CONFERENCE The Ontario Liberal Party held a Caucus Con ference at Geneva Park on the shores of Lake Couchlching Jan and IB More than people attended the conference which dealt wilh issues expected to dominate the public agenda in Ontario throughout remainder of the 1Mb and Into tbe 80s Experts spoke on a broad range of subjects including the provinces changing demographics strains between the government business and labor and tbe tlona between the govern ment and cillien Liberal leader David Peterson described Ihe conference as part of a process to build an Intel foundation for tbe party and staled that be would not want to be in the position of tbe Ontario Conservatives who after almost years in power have to use all their intellectual capacity Justifying the past I am convinced he said that people In Ontario want to break out of tbe economic straight Jacket and are open to new ideas provided they are well thought out and are explained fully The papers on the week end think tank are to be published and will lead to a further series of con ferences involving larger numbers of people from across Ontario We re not creating a platform at this time but building bank of materia leading to specific Liberal poll said Peterson Wo need a strategy to solve Onlario and that will take a great deal standing and ideas FURNITURE SHOW SPECIALS TAKE ADVANTAGE OF OUR GREAT BUY MAKE IT YOUR GREAT BUY Table With Chairs from Buffet Hutch Combination 369 Corner Cabinets Coo Furniture Show Specials 1 1 Groupings To Choose From BOX MATTRESSES 395460 COMBINATIONSSPINAL0PEDIC 15 YEAR CONSTRUCTION GUARANTEED SAVE MORE THAN HALF THE PRICE LIMITED QUANTITIES FURNITURE WAREHOUSE LTD 334 Georgetown 8772828