The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 30 May 1922, p. 1

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TUESDAY, MAY -- 30. HE ONCE GUARANTEED Amendment to H ydro' May Guarantee New Bonds. f Raduzl Biu Orders Giv- Further amendments dealing with'; & the Toronto--St. Catharines line au--| Ing BGCk to Government thorize the commission to hold in trust for the Crown'such lands and SII,360,363 Of T., N. & assets as have 'been acquired for a . right of way, and, in conformity St. C. Bonds, Whether in with the Premier's previous an-- nouncement, the Cabinet Council Hands of Hydro Com-- | may -- authorize the Provincial «. .« Treasurer to guarantee to the mission or Bankers | amount of $11,860,358 bonds which rem ue cce mrente aeorse + | may hereafter be issued under the | provisions of the 1914 act, to meet PROV'SION MADE I the cost of the railway, when such F | has once more been approved by a OR OTHER BONDS vote of the municipalities. oc hee | The first of the Premier's 'an-- § | nounced aAmendments last night de-- Among Premier Drury's promised clared null and void all bylaws here-- amendments to his HMydro--radial bili, tofore passed by municipal corpora-- introduced in the Legislgcure at tions, and all agreements made be-- 11.30 last night j M tween municipal corporations and Stagke : mzhd m the C?mm'"ep the commission under the provisions ; La6e, is one ordering the return to of the 1914 act, and the commis-- | the Government of -- $11,360,363 glon is ordered to deliver up to the | | worth of Goverrment guaranteed municipalities for can(_'ella'tion theg bonds, originally issued for the con-- debentures deposited with it. | struction and eqpipment of the To-- Some IAI:;es Uhdler Old Act. | ronto--St.Catharines Railway. The Hydro--electric Railway Act "As to any such bonds which have of 1914 is declared to remain in force i & y with respect to the following lines: heretofore been hypothecated or de-- Sandwich, Windsor & Amherstburg posited by the commission Railway and the Windsor & Tecum -- ;vitht;ny bank or vgrson] as s'icurigy. ;gh" Electric Railway, the Guelph or e payment of a loan to the| allway, the future acquisition, commission," says the _amendment,f equipment, maintenance and opera -- "such bapk or person is uuthorizedi tion --of the railways mentioned in and required to return such bonds <& the Toronto Radial Railway Act, 'to thfi i Provincial Treasurgr fgrf and the future acquisition by the cancellation on payment y the| commission of the Toronto Suburban Treasurer." ' Railway, the construction and opera-- tion of the Port Credit--St. Catharines

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