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2y\ $A Correspondence Respecting Loan. Mr. Price then examined Mr. Nash on the correspondence produced relative to the Home Bank loan pur-- | . chase in 1919. He read extracts to show that in November the bank was | | willing to sell this loan in Chicago | for 92%.. Mr. Price oObserved that the| loan had been bought at 94. The Nov. | 20 payment by the bank to the Prov. ince, Mr. Price smaid, was made by . money borrowed in New York.. The | bank had not then sold the bonds, | he said. f o * | "I am quite confident the liqui-- dator has gone into Colonel Mason's personal account in the Central Can-- ada Loan and -- Savings Company,.'" said Mr. Nash. "I will confirm that." Mostly in Five Hundreds. Chairman Finlayson read out the particulars of the cheques issued from the $42,400, all be-- ing payable to cash, except the Central Canada Loan and Say-- ings Company cheque. Picking up the $25,000 cheque for Sep-- tember 23, he said, "On the back are specifications. Endorsed on the back are seven by $500, and then some thirtecen by $500 and one by $1,000."" He said some items had been crossed out and then there was thirtcen by $500 and one by $500.. "That is, ap-- parently, the specifications of the bills," he said. Eventually it was decideqd that Mr. Nash should make a report today as to the Central Canada Loan and Savings Company cheque, and any other matters relating to this phase of the inquiry. Mr. Fisher asked if the depart-- ment had made any inquiries. Mr. Price said that the cheque in ques-- tion went into the personal account of Mason in the Central Canada Loan and Savings Company. Manager's account at the head office, "Colonel Mason drew that out in cash and we have the cheques here." He said he proposed to hm:e the Central Canada Manager before the committee. % "Suppose it did," said Mr. Clarke. '"That money belongs to the Prov-- imce. I think we should s#ubpoena those people and find out what the money was paid for. I think we «hould find out.'" Mr. Fisher asked if any inquiry had been made at the Central Can ada Loan and Savings Company re specting one of the cheques in whict this company is named. "I have no& made any inquiries," said Mr. Nash. '"That would be a matter for the liquidator." Mr. Price agreed, but said they did not want to overlook the fact that one cheque was due to the Province and they could not find that it ever came to the Province. The other went into the General '"The clearing between banks daily is usually made in legals," said Mr. Nash. '"Now on the day that this $25,000 cheque was paid there was a movement of legals in the Home Bank cor-- responding to $25,000. When I say a movement of legals I mean to say there were $25,000 legals went out of the Home Bank in excess of the amount that went to the Clearing House. Now, that is all we know. I understand neither the Clearing House nor any of the banks keep a record of the numbers of the legals. That is my understanding." Clarke Would Find Out. "Inquiry among the bankers and the brokers might bring sgsome-- thing," said Mr. Fisher. Here's the Mystery. > would give every assistance possible if any suggestion was made by any member of the commiittee. Mr. Nash said he could not trace these Dills. The only way would be by num-- bers, said Mr. Price. Clarkson s =% 1A Welaisday, Apif 16 * Milee and the Provincial Police W. N. DPouglas, Chief Clerk of the Treasury Department, produced a computation based on the difference of one--half of one per cent. between a loan or bond sold subject to suc--| cesslon duty and one sold exempt| from succession duty, the lower in-- terest rate prevailing in the latter : case. The amount saved on in~terest| would 'be $1,567,.670, he said, com--| puted from the time the loan was is-- , sued up to 1923. The Thomas Bra,d-, shaw letter of April 18, 1921, wasI also produced. | The committee rescinded its reso-- lution instructing Mr. Nash to ex-- amine the bank account of Hon. Peter Smith in the Bank of Nova Bceotia in Stratford on the ground that Crown officers now would con-- duct such searches. *