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WV "W" *' . __ . A the act. He is protected as to lie-I . bilit . He may in his discretion in-I T l ' "Innate the issue, sale or offer for " . 1 sale of any securities. and for the purposes of such investigation shall . PROMPTLY KlLLED have the power of a court. It it appears to the commissioner that the l issue, sale, or offer fog sale of any --Trr"'- , securities is or may e raudulent, . m- that "nv person has committed' Legislature Gives IP" ' or is about to commit a fraud in ' connection therewith. he may issue' Shrift to T. Marshall 8 an order prohibiting the sale or otter Measure for sale of such securities. i Prohibit: Advertising. i Once the Legislature reached the, I No rinter. publisher. newspaper n , F _ ' " . de ' proprigtor or other person shall . orders of" day lei-nerd? it ma a , I print. publish. or advertise in any fairly good progress in a vancmg _: newspaper. magazine. or other peri- score of items of legislation one, fur- if. odical, printed or published in On. ther stage on their journey toward) tl tarin, or shall otherwise issue, put annihilation or enactment. _ M, forth or distribute in Ontario, any Show, shy-lit was given to the bill' advertisement, circular, letter or of q'.Narshan, "mam, which would other document containing an often have eliminated "plumpers" in civic l to Bell, or solicitation to purchase,, ("Mucus m. compelling the voter to ' or announcement of the issue of any mark his ballot for as Inany capdi- ' security the sale of which has been: dates as there. "We omcts. Mr. Mar- F prohibited by order of the commis-i shall "pmmm that the purpose was . ' sioncr. ' 'to get, citizens interested in the ' The commissioner may publish k"; N'hnicc of good Councils as a whole, advertisement or in any other man-i ',rrrti/oi, than getting behind one or her information respecting such se- 'two candidates to further their own curities that he thinks are fraudu-: interests. lent, warning against their purchaser! lion. Waiter Rollo. Minister of ,or' invite in this manner any pros~I Vllzilmr saw in it an attack on Labor. pective purchaser to apply to theyL nnd promptly protested at the , commissioner fov information. Ill; "/i"riinui'i.i-i"' of the proposed measure. documents tiled with the commits-', Holcou'ld not see any justice or right ' . 'sioner are to be open to roub.lie "hi in'contpoiling a V079? to vote for , spection. subject to the discretion of. someone for whom he did not desire ' / the commissioner. .1 =:~o you, [and probably did notfknozr, g " ' . J, '1 tl' id the right OI t e. Must. Gixe All Details. l t",o1t.i",f,r., {11312120 "plump" for a Labor 3 Every issuer of securities, before candidate if he so desired. selling or offering for sale to the Hon. G. H. Ferguson favored the ipublic any of such securities, shall measure just in so far as it introduc- tHe with the commissioner a. state- . 0d the principle of compulsory ' ment, in duplicate, setting forth the voting, a bier) which he thought . T name and address of the principal would ovcmtuarly be taken in Canada. " and head office of the issuer, the The measure was defeated. 3 I, occupation of the individual or the act or instrument under which the issuer is constituted. the location of the undertaking, names and ad- dresses of directors, the nature ot - P . the business, the. capital. classes of securities issued, including descrip- tion of voting rights, rights to divi- " dcnds, preferences, etc., amount of issue and minimum subscription. the terms of' subscription. the purposes ot the issue, organization expenses. particulars of expenses of lesue and ,' sale, securities issued for considera-' i, tion other than cash, vendors of; ...__._...._._.-... _ property purchased, amounts pay-' . : able for the property purchased, all , Government Taxed With Try-; !particulars concerning directors, and . . 1 311811168 and addresses of auditors. mil to Stop Examina- Every issuer of securities, before . selling or offering for sale any of tion Of Data such securities, shall issue a. pros- pectus. The prospectus shall bear -----.-----.--- . Oil itslface this fdate of its issue and S.trotuils, scenes were witnessed tor a re evant n ormat on that ap- . o. . . Ct . . . pears in the statement tiled with! wo hours yesterday 'll 131' Swing the commissioner set out above. I of the Public Accounts committee . , of the Legislature. IVarm argu- Must Have Prospectus. i ments arose as to what documents F. Every prospectus issued by a: A. Gaby, Chief Engineer of the broker shall bear the name and ad-l Hydro-electric Commission, should dress of such broker printed or! be permitted to put in. stamped thereon in a conspicuous. The final arrangement was that manner. .Every advertisement used. Mr. Gaby should aimed? before the tor the purpose of aiding in the sale. committee next Wednesday morn- of securities shall say that the pros-f ing with his estimates of Chippuwa . pectus required by statute will be; and his correspondence, but if the furnished by the issuer on request.' House takes action in the mean- A tybscrei.on for securities offered time to appoint a committee or a to the public shall not be binding commission to investigate Chippawa upon the t'ybscrilyer: unless, before tho Govcrmnent will reserve the! _ or at .the tune of the subscription, right to suggest to the Public Ac-': there Pd delivered to Mid left with counts Committee that it should) the subscriber u. copy of the DNS- not. proceed further in its investiga- . .pectus. Every subscription shall be tion. _ I I dzezned to be tduced by the pros-; At. the. previous meeting of the) rr',',',',",),',',',',,',,""),)":,'"):',",,",','. any term Ir, committee a resolution had been p n o e contrary. Every passed requesting the appearance of promoter who signs the summon" Mr Gal) to ire evidence relative l filed with the commissioner or whol _ . .ty t $.30} i//, ,ri,rst'f/iiiiiii . has authorized the issue of tt pros- to an I e"? '/) iivd' S' c. "PM. L"... Dectus shall be liable for loss account Cy t 9 rt:'.fr,1:,, . n A . or - bv appeared yesterday he had damage by reason of untrue repre- GR b ' _ ~.,,. .. PIA= f d , sentation, unless he tells the com- with him three'iilinb tufts (1fclf.ll,- t ' . tinissioner immediately upon learn..' singlet; and a big pile c. boolis and "nix-212:: le,'""', le',',?:,',',""')?,:,?:, It was a "full dress meeting," as ', e salesmen reside t"1"/'""ly,1' (except practically all the. Cabinet was pres- . - Gat for a. brokn) n ntario, who ent, and when Mr. Gaby appeared .; 'tered and ter must be regis- the Attorney-General objected that . t mus furnish security in all those documents had. new been F, till? case of those not domiciled in asked for. Hon. G. H. Ferguson . '.i refzsfgovmce' Registration may be 'Wanted to know what difference, 1,'v. . ' . that made. if the Witness was Pre'", M..' / . ent and had all the papers. J. Walter b, . . Curry said that Mr. P'tyrpuisov was Fr, l [trying to suggest to a. witrw'trs..1.vha.t .44. documents he should bring, without y}, [ I obtaining the authority from the ' " [ ,sra,,.i'4 . icommittee. kr,:r; {35.3w .1- _,r'r/ti'l:,tt' , " " . we t k' Mil .