The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 10 Feb 1879, p. 2

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o Mr, ROBINSON zaid a great change had taken place in tho Iill for incorvoratin the Orange Order. When first introducmf 1 it did not provide only for the incorpora. tion of subordinate Jlodges,. Last year it had beeu brougut in in different shape, and now its provisions would be greatly changed. He was pleased, and he was sure other Orangemen would be pleased, that it had not carried in its original shape. _ It was now, in his opinion, a pertect Bill, and he thought it should pass. curred in obtaitning such incorporatio.'," should be added after the ameuciment of the Atiorney--General , After further discussion the motion was passed, with the two additions mentioned. THE *«ONTARLIO GAZETTE,*" Mr. CREIGHTON moved for an order of the House for a return showing the amount earucd by the Ontarto Gazstte from Govern-- mentaotices, and from other advertisements, and from sulscriptions, respectively. Also, the cost of printing, and the balances due to the Government remaining in the printers' hands on the 3ist of December, in the years 1873, 1874, 1875, 1876, 1877, aud 1878. He said the Province was makingabout $10,000 a year out of the Ontario Q@azette; his object was to learn exactly how much was earned from it. Mr, MERRICK said it was important th-- the proposed amendment should be adde Me thought also that it would be well learn what the expense of incorporai| was, so that the countiy might know i; position taken by the Attorney--General « this matter was correct or not., -- He th« fore move:d that the words, "Aud to obuw."" from such organizations the expenges _ ; Mr. MOWAT moved that there shoul4 ~ added to the motion the words, "And revised Act in that behalf; also what ow Nocieties have been incorporated under tn, said Act." $ k Mr. MERRICK said that the Attor. ney--General was to be corrected stating that the expenss ot incor rating under the General Act was @fancif In that he was quite mistaken, if the necessary fees were paid in the cas of each lodge, it would aggregate &a la~" amcumt to incorporate each one in Order, and there could be no doubt tha would be much less under the General -- -- Mr, FERRI® said that it appoare member for West 'Toronto viv)fs _thgreu:: speak authoritatively upon this point, 1t had been said that it was necessary to have some moucl deed attached to the Bill ; but he wonceied that this had not been brought up in former years when the question was being debated . Mr. LAUDER asked if it was a fact that balances due to the Government were in the printers' hands. the Orangs Order, _ Mr. FRASER--There are always trifling balances in the printers' bands. Mr, LAUDER asked if they wore merely balances carried forward. Mr. FRASER replied in the aftirmative. Mr. CROOKS said there was no reason to assume that' Messrs. Hunter, Rose, & Co, had retained any money in their hands,. Whatever they had received they had ac-- counted for. 'The only advances made to them were certain advances on their con-- tract price. Mr. LAUDER understood that there was a dispute still existing with regard to the prices paid to the printers during the printers' strike. ': Aftor some further discussion the motion { | was carried with the addition of the words, | |\ «also the balances in the hands of Hunter, | Rose, & Co. on the 31st January, 1879," | BUILDING SOCIETIES, Mr. BETHUNE moved the second read-- ing of the Bill to amend the Building Societies' Act. -- He explained that the first section of the Act provided that the lia-- bilities should not include the capital stock. The second section authorized such societies to extend their business beyond the Pro-- vince. Mr. CROOKS said the motion refaerred to the Ontario Gazette, 'That was one thing, and the general account with the priniers was aucther, Mr. MOWAT said he had no objection to the principle of the Iil}, but he thought the second section was wilra vires, AS the Gov-- _ Mr. MEREDITH moved the second read-- ing of the Bill respecting Investments of Trust Funds, which contained ons clause, ; as follows ;-- | _ When a trusteo, executor, or adminisccmes shall not, by some instrument creating his trust, be ex-- prossly forbidden to invest any trust fund in perma-- nent stock or debentures of any Permanent Building Society having & capitulized, fixed, and permaneut stock not liubis to be withdrawn therefrom amount-- ing to at least two hundred thousand dollars, ana which by its by--lawas limite its investments to ioane on mortgages of real estate, such trustee, executor, or administrator may inyest such trust fund on such stock or debentures, and he shall not be liable on that account as for & breach of trust, provided that such invostment shall in other respocis be remsona-- ble and proper. He did not think there could be any safer or better investment than thoae in building societies, aud there could not be the slight-- est danger to any body. The Bill was read a second time, and re-- ferred to a Special Committee, consisting of Messrs. Wood, Hardy, Scott, Gibson, Sin-- clair, Sexton, Lyon (Halton); Deacon, Wills, Meredith, Morris, and the mover, 8 Mr. MEREDITH thought the House could hardly assent to the first section . It was hardly fair that a city should pay a por-- tion of the cost of erecting a gaol and Court House, and that the buildings should afterwards become the property of the county, Mr., MEREDLTH moved that his Bill to amend the Municipal Act be reterred to the same Commuttee, --Catrried. INVESTMENTS OF TRUST FUNDS. The Bill was read a second time, agd re-- ferred to a spucial Committee consisting of Messrs. Crooks, Meredith, Mouk, Deroche, Gibson, and the mover. * THE MUNICIPAL ACT. Mr., ROBINSON, in moving the second reading of the Bill to amend the Municipal Act, explained that the first section was to enable Councils to give butchers and sellers of fish licenses to sell at certain places spe-- cified, 'The city of Kingston had shambles, and at pregent thoe butchers were compellea to locate there, . Tho second section was to enable the city of Kingston to have insur-- ance on the Court House and gaol. They had paid $17,000 or $18,000 for rebuilding the Court House, and at present could haye no insurance on it whatever. erument at Ottawa always objected to any provision of this Legislature that professed to exercise jurisdiction beyond the limits of the Province. Mr. MOWAT would not object to the second reading of the Bill, as it was going to be referred to a Special Committee, He pointed out, however, that the debentures | of these gocieties were the first charge aud | the stock the last charge, and the principle ' was, moreover, becoming general of only paying up a small part of the stock. | Mr, MEREDITH said his intention was that the investment should be only on the paid up stock,. . Mr, MOWAT thought it would be ex-- t. mely objectionabis to allow trust funds to be invested in the stock of building so. cieties, 'These socicties might be either badly or well managed. Mr. CROOKS expressed himself{ as op-- posed to the principle of the Bill. 1t was urderstood that the only safety of trustces at present was in investments in real estate and Government securities, and it was not well to make a change. Mr. DEACIN hoped the Bill would pass, and thought trustces might also be allowed to invest in municipal debentures. Mr, MEREDITH knew of no security that was more zatisfactory than the perma. nent stock of these building societies, He thought it would bo most unfortunate it it went abroad that the leader of the Govern-- ment had cast a doubt upon the safety those institutions,. Mr. MILLER objected to the Bill on principle, and hoped the Government would not allow it to pass or the present law to be changed in any respect. Mr. MOWAT wished to say that he was not aware of any of these societies that was not perfectly solvent, but still they should bear in mind that there was a contingency of failure, due to bad management or some other cause. 'The Bill was read a second time, and re. ferred to the same Committee as the Build. ing Socisties' Bill, ~Ar, MOWAT said that as the 'Treasurer could not reach the city to--day, owing to a ADJOURNMENT. of

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