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ayGraTccr=-ricc-ciz----:-rrr----- . (The 'rr'flll'idi,rffi'tait,'s 1:?"an etc" . into an agreement xhicltihen em? How Associations Are Appointed, "submitted to and 'receive $21"an According to the measure as in- proval or the electors qualified tol Itroduced by the Premier. in the vote on money by-laws in each mu- i, _ selection of the members of the "tut.. .nicipamy whereby tho Proportions isociation" or" the board of directors, in which the cost of construction and each corporation which is liable to V Equipment is to be b lCODtribute. 25 per cent. of the cost ' . t e orne by each itself to elect municipality will be settled The has the right in one agreement must also rov"d f member, and a second member if it tho construction Ci' thpe [1.8% or contributes GO per cent. or more of either by the t1ssociatior m b""t':y the cost. The balance of the body Power do/iiihiiii')'i, . l C l e of the is elected by the votes of "After th 'f,11,".1 representatives of the corporations . " railway has boon con- interested, on the basis of one vote Btructed the association may, it the up to $250,000 of interest in the agreement liethcn the municipali- schcmc, two votes on an interest tics So provided, enter into an agrce- between $250,000 and $500,000; mcnt with the II.vrlro-eleetrir, Power three votes, on an interest not from Commission for the operation of the $500,000 to $1,000,000, and an addi- railway by the commission as its tional vote for each additional mil-' agent. tor a period not exceeding lion or fraction. . five year-5, but such agrepynont may If the municipal representatives . be renewed for furthcr periods of fail to elect the representatives be- _ tive. years. . cause a majority in number and votes cannot be obtained, then each . Financing by Bond Issue. municipal corporation nominates , "The tinancing of the enterprise I one or more persons, and from these will be done by the association is-I itho Lieutenant-Governor-in-C0uncil suing bonds, which will be set'urcd' lmukcs n yelection to complete the " on a mortgage ticed given to al, membership. trust company and secured upoll tho t railway. Each municipality will also be required to deposit. with the trust company its dehtmturts for T the proportion of the cost t'orwhich " it is liable under the agl'cclnmu, and . those debentures will be dcpositcd I with the trust company as collatvral _ security for the innds issucd and ! charged upon tho railway. Such ( . bonds and tho dcbcnlurcs issued by i ' .thc municipality will boar tllc salnc . irate of interest, and will lw payable TOO Muoh Power In TOO: in 44 years. : "Tho wtcsoruatiirn must its tllt- Few Hands IS V ltolis and {arcs so that who l'rvcvlucl . derived thervfrotv. will bc sufficient} Argument , i, provide for tho operation of thol ------------- railway. the llM'HH'llt of the "NH"; Second reading was given in the: lest and sinking fund on tho bonds, L n, . M ." land all other probable charm-S. Itl eg1slature yesterday to the bill there is a deilcit in any ycar the mn- _ respecting insurance agents, brok- J, 'nicipalitiess must pay such n dreticit are and adjusters. The bill respect- l .withiy.o.n'c' month in the proportions ing insurance rating bureaus also in which they contributed to the ' . , cost of construction. If there is a name up for second reading, but lsurplus the association may pay it was not disposed of when the l" over to the rnunit'ipalitirts in the Budget came on. - same proportion, or may usc it for The first bill, said Hon. IV. E. . vements and additional Hmiw- . , knight-to or may build up a l'cscrve Haney, embodied substantially the lfund to mppt tho post of future t"eiommendationts ot Mr. Justice operation m. contin.ttoncies. Masten, made in 1917. The bill, he 'Must Toto on F.xttmsions. said, had the approval of the com- "\Vhere the original :igrccmcnt so _ panics and the agents. It provided provided, thu association, with the licenses for two classes ot agents, consent of each '01: the n1utniciprili- tire insurance agents and others. tics. may "if" Tr"', 'd'.1 /le'T..1n"yrt, The bill provided also for revoca- with any adjacent municipality for tion of a license to an agent. A the extension oftno railway into the man making a business of adjusting ' latter _y.1.'p,if1"li.tcv. '1rf,1.. agl cement of insurance had to be registered. will reunite to he carried Ly the Edgar Watson (North Victoria) 'electors qualified to vote on money said tho bill made ryrtTity'on prevent- by-laws in such adjacent munici- Ing the misappropriation of pre- pality, miums by agents. This act made "Practically all existing legisla- this a breach ot trust. tion relating to radials is repealed, PP.: Thomas Crawford thought excluding. however. that relating to the bill was confining the business the Sandwich, Windsor & Amherst- to a small number of insurance burg Railway and the York Radial brokers. pauwayy Rail; 1gt',tit,:t 1lht,ipno'siU111'unetr: _) , F ' pro ose a lim t- _ any Permit County Operation. ed character of Jflf,'l','.%'d,, over T. H. Lennox, K.C., North York, . rate-making 'bureaus. Where there I raised the question of providing a was representation that rates were . means by which counties could con- discriminatory as between the same istruct or operate radials, pointing kind of risks, the Superintendent of . , ,Out that the bill as drafted did not Insurance had power to act. (meet the situation in York, where Opposition developed to the bill . _ the county desired to go ahead with from H. H. Dewart and Hon. How., the radial line in the event of the ard Ferguson, in that they argued l i"clean-urs" deal falling through. In; the bill tended to centralize power l ' ladmitting the point, the Premier! in the hands of one person the i . lwondered if the todwnshlpst could; Superintendent of Insurance. ' not get together an opera e, n.. Mr. Fer uson o ' stead of the county. An alternative] principle 0g: the te/prh,,t,,,,t,he WWI-201C, . was a private bill. He could not! Legislation could be mind d mtg. see any particular objection to wid-l prevent too high insurancee t o ening the present bill to permit a. as well as too high i ra es 'county to operate, and suggested! ttfer NM pr ces in any- that the question be brought up. 'n.. . lagain Later when the bill is before a x . the House. _ "s A In further ',iixoU"tt,"t'l, of the financial rovisions o s measure, ' . _ - ithe Premli)er defined it as a. "clear- BILL " INTRODUCED. _ . lent" proposition. one which would] R. L. Brackin, West Kent, intro- % permit of no hiding of. deficits. duced a hill into the Legislature yes- Not included in the Premier's! tegday which. he, said. virtual-1y . statement. but an important COMM" would have the effect or wipiniroUt eration, is a clause that provides legislation ot tut session that gave F that, where the by-law fails.to carry a Gas Referee power to ttx prices 5 ' ', in any ig,1nt1"e"ad',tru'.11ie,"2",'fit1t, under certain conditions. Mr. ' Soar/et' exceed 10 per cent. of the . agitating: hill was given _tirst read- estimated cost, the other corpora- . _ tions may assume the liability and ' entef into the agreement. I, ' _ . ai==rr.r,