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Redemption of certain Ontario Govern-- . ment stock amounting :o $17,000,000 was briefly discussed in the Legislature on Thursday, when Mr. N. W. Rowell asked Hon, T. W, McGarry, Provincial Treasurer, if he could gve the House any inkling of his plans. Mr. McGarry referred to the manner in' | which Ontario people were subscribing to 'the Dominion of Canada war loan, and | said ho thought $5,000,000 worth of stock | would be enough to place om the Ontario | market this year. In any event he did | not think the Government would be abls | to purchase more than five million dollars' l | worth of the bonds during the next few | months. A large number of them were i held in New York and Boston, but Great | Britain was willing to call upon the hold-- era to mobilize tho bonds for the Govern-- | ment of Ontario at an indicated price. He could not for obvious reasons®s disclose the Government's plans for re--borrowing the money. It might be advisable to float five-- year bonds. He did not think they should float bonds for a longer term than twonty years in any case. |_-- However, the Government's action would depend on conditions in the money mar-- kets, % M--