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e 4 ' L. bJ f{2.:* 4* § 6 5 # "/4"'7 / that © ~there ©should © be in _ con-- 6% Mr. W?'r«l the comparison of nection _ with _the Legislature _ a f the tinances Ontario and those of Municipal Committee, somewhat af-- Quebec, wherein it was stated bx Min-- ter the model of the Local Gov-- isterial speakers that Quebec had a de-- ernment Board in Great Britain, with ficit of $2,000,000, while we had a sur-- the Attorney--General as Chairman, and lus of $1,500,000, was unfair and mis-- to which would be referred every bill resding. He said the systems were en-- and every proposal relating either to tirely dissimilar, and, quoting from the municipal law or to the business or pub-- budget spet.;::ht of fih:l Tr?wreiéhof Que-- lic works of the municipalities. bec, said that, calculated on the game ' basis as Ontario, they bad a turplus of Protection of Investors. $23,000. He criticized the distribution He also wished to press upon the Gov-- of the $10,000 grant for technical educa-- ernment's attention the law in refer-- tion, and said the Toronto school should ence to joint stock companies and fin-- have received much more than the $1,500; ancial corporaions generally. He regret-- granted last year. Ten thousand doll«rs| ted the foolish investment and loss by was altogether inadequate for this great speculation in recent years of# tens of work. The Government would be held tgousands. Something, he urged, should to account for letting new Ontario lie be done to protect honest investors undeveloped for thirty years, and the| against dishonest promoters. The man-- | exodus of 126,000 from Ontaric in the'i ner in which "wa{er" was sold to con-- 'last decade was due to the Government's' fiding investors was 'lmlfly a scandal. | unprogressive policy. (Opposition ap--| No company should be allowed to issue | plause.) Mr. Hoyle concluded with q stock for more than the actual value of | general denunciation of the Government, its assets, and its actual necesgities in which had retained power by its distri-- carrying out its objects. The prospectus bution of patronage and its corrupt of every company should state the value | |. |methods. and which,. when the elections| of its assets and the use to which the | | came on, would send into the country a| money raised from shareholders was to & | holtow square of civil servants, | be put. If the amounts handed over & (*4 A Municipal Board. i for proznotionf };z}tld bee:lfstated in tzl;e | C rospectuses of the past few years, tens | _ Mr. Pattullo (NO;"-I}Il 0"3':'1%. '"""dl h('i Ef nll)illlons of dollall',n might ';mve been ymX t saved to the people of Onlario . An an tion. ; 1 the criticisms and the declam-- ::;'l nt':d%p:i};zl;lfil l;em;n agfieob:i'?;&%rgs, ations'and the charges of the Opposition statemeut should be in 'the Hands of -- were based on two theories. The first every shareholder before each annual ; was the theory of original sin as ap-- meeting plied to the Government, and the sec-- R | ond the doctrine of absolute holiness a: The Railway Problem. 'Piued to the Opposition, both of whick Mr. Patullo, after combatting some lacked the essential elements of truth of the criticisms of the Opposition in and probability. (Laughter '"}d cheers.) reference to the cold--storage and good | He was surprised at Mr. Hoyle's remarks roads measures, referred to the ralfway on law zeform, as Mr. Whitney had ai"' question. He regretted that the C.P.R. § erously concurred in the Attorney--Gen-- had not been bufi; by the Government, eral's proposal a year 'f° to let the as Mr. Mackenzie had contended it measure stand over. Re errlnf to the should. < He had favored the construe-- subject of Provincial municipal legisla-- tion of the Rainy River Railway by the tion, Mr. Pattullo said there was some Dominion, Ontario and Manito{a Gov-- ' force in the criticism that our munici-- ernments. Had that been done, and the pal law was a thing of shreds and Canada Atlantic afterwards acquired by patches. At any rate, there was dan-- the Dominion Government, the railway I gevr of its being true in the future. |situation _ would _ now _ be _ very ery session scores of bills for the | different from' what it is. Re-- amendment of the municipal act were illef was now being sought in before the House. They were seldom | electric railways, but there: was a discussd in the House, and seldom, in-- danger of these lines falling into. the ' deed, in committee, in a thorough or hands of the great railway corporations. I serious way. They were usually pass-- That should not be allowed. The general ed upon by a few members, not always| railway act and the electric railway in a jlldl(flfll. but rather in an impa.tlent' act needed revision. The chartermon-- spirit. Still, all these bills were import--| ger was abroad, while many who built p ant, relating, as they did, to the muni-- | the railways did not expect {o run them, cipal ag:tem of government. which | but to hand them over to the big cor-- s should as perfect an instrument as| | porations. t .x i modern experience and knowledge could | yra . make it for the transaction of munlcl-i oaw" P pal _ business. His _ suggestion was