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The committee on general amend- ments to the Security Frauds Preven- tion Act was composed ot Messrs. Cot- tintrhant, Manitoba; Garrett. British Columbia: Shannon, Saskatchewan, and Denison, Ontario. The committee appointed to deal with amendments to the Criminal Code and further Dominion legislation was com- posed of Messrs. Bayly. Ontario; Ber- trand. Quebec, and Henwood. Alberta. The committee winch dealt with trad- mg was composed ot Messrs. Amyot of Quebec. Rogers of Ontario. Frawley of Alberta. with Strachan Johnston. WC., and Messrs. Clarkson and Edwards. auditors. acting in an advisory capacity on technical questions. Representatives of the Montreal Stock Exchange and the Montreal Curb mar- kets--P. B. Mathewson. Viee-Preaident of the exchange: W. E. J. Luther. Chair- man of the Listing Committee; and A. .S.Cassils, Secretary of the Curb mar- ket-were present at. yesterday's con- ference. The Committees. From Colonel Price the statement was also had that not only will the recom- mendations of the conference be carried back to the various Provincial Govern- ments by their accredited delegates, but 'hat a representative committee may later wait on the Federal authorities at Ottawa as well. This matter. said the Attorney-General. would be decided to- day. Attorney-General William H. Price. Chairman of the Parley. intimated to the press last night that business might wind up tonight. although a hearing ot representatives ot the bankers. which has been requested. may carry the con- ference over until some time tomorrow. May Visit Ottawa. Special committees which were ap- pointed first thing yesterday to deal with the questions of trading. amendments to the Security Frauds Prevention Act, and amendments to the Criminal Code end other Dominion legislation will. it " expected. report back to the main mdy of the conference first thing today. End of the big brokerage conference of Provincial Attorneys-General at. Rueen's Park is near at hand. Representatives of Bankers Request Hearing of Conference SPECIAL (li),!,?,!,!,'!,!,?.?:'?.))??.!.',' IN MILLS CONSIDER PROBLEMS; III SAULT IS EE); OE BROKERAGE TRADE; NEW BILL OUTLINED PARLEY MAY END TODAY SINCLAIR STOPS SPEECH Delegation May Ask Ottawa to Revise Federal . Laws Premier Ferguson rose, smiling. "When my friend gets through blunder- ing I'll correct him." he replied. Still liming. he explained that the cent I. unit bounty proposed by the Govern- ment did not necessarily mean a dollar . ton, but depended on the iron content of the ore. It there was, say. an iron content ot " per cent. in a ton of ore, the bonus would be. 52 cents on that ton. Mr. Sinclair first emphasized that this should not be a political discussion. but. that the members should conduct themselves as shareholders in the re- sources of the Province. He compli- mented Premier Ferguson. who had spoken to the bill on proposing its necond reading. for making no attempt to glorify the Government. But, he said. he could not say the. same for some ot the other Government members. ' Mr. Sinclair rose. and stared ieily at the Premier. Then he declared coldly: "Mr. Speaker. I thank the House for their attention. I'd Just as soon not speak any more." Re sat down abruptly, banged closed his book of notes. and a few minutes Suddenly Mr. Sinclair stopped speak- ing. He stared hard at the Govern- ment leaders. Well, he declared, it he were making some mistake he would welcome a correction. Premier Explains. While eight members engaged in the discussion. it was William E. N. Sinclair. Liberal Leader. of these eight who par- tielpated in the debate in the most dra- math: fashion. All Shareholders. Then he went on to speak particular- ly of the bill. He wondered how much iron ore there was in Ontario. He sug- gested than there should at least be . survey to determine this. And then he began to speak ot "a dollar a ton bonus." As he continued and repeated his views on the "dollar-a-ton" subsidy, Premier Ferguson smiled. The debate was generally on a. high level ot earnest consideration of the at- tempt to produce an industry that will take its place among the leaders on this continent. and which may save millions of dollars for Canadians by supplying the iron that is now imported from the United States. But at times there was interjected into it some political color. with comparisons of the Liberals at Ot- tawa. and the Conservatives here. After lengthy discussion. in which. pla eight members of the Ontario Legisla- i| era ture participated. the Government bill " n to bonus the iron ore industry in theii d d Province was given second reading in l' '1'; the House late yesterday afternoon. 1'53 a), (3TH Government Aims to Aid In- dustry. Cut o. S. Imports TeGiiiiiiTiia-ai" page 19.) Premier Ferguson, asking tor the 'second reading, spoke at length 0n the measure. He pictured the condition of the industry, the extent ot importa- tions from the United States. and how the industry strengthened in Ontario could serve all Canada. As a climax he pictured the united development of coal, iron and electric power in Ontario, and urged the carrying of the bill to play a part in the creation of a new jera of prcspcrity. I Mr. Tweed introduced a new note by Ideclaring that labor conditions at the iAlgtme. Stel Mills were "almost slav- _', cry." He referred to schedules to show (that men were working ll, 13 and 14 _ hours a day. , days a week. But Dr. Robb and Hon. Mr. Lyons. from the iSaul: district. denied that there was {any "slavery" at the mills. They had ircceived no complaints from the work- iers they, they declared emphatically. land Hon. Mr. Lyons pointed out that . since many ct the men were paid acord- i ing to the handling of ore, they preferred I to work long hours. He doubted it any 8-hour day would be accepted by the l men. later, when the dlscusslon on "thirtii-iTis was proceeding. he left the Chamber. Other members speaking to the bill were: B. C. Tweed (Liberal, North Waterloo), Dr. J. M. Robb (Conserva- tive, Algoma). Earl Hutchinson (Labor, Kenoray, A. V. Waters (Conservative, North Coehranet, Hon. James Lyons (Conservative, Sault Ste. Marie), and Hon. Harry C. Nixon (Progressive, Brant County). , United Development. In 1928. said the Premier. Canada produced 1,037,000 tons of pig iron-all trom imported ore. Of that amount the Province of Ontario produced 80 per cent. Ninety-five millions of tr1.ilat: were invested in the industry in tho Do- minion that year; 7,500 people wen em- ployed. and the payroll ran to about 812,000,000, Ontario's share in those figures, Mr. Ferguson said, was $60.- 000,000: 4.600 family supporters. and about $7,00th000 paid out in wages In 1927~tlie only year ior which statistics were available to Mr. Fergu- son-the whole of Canada produced $525,000,000 worth ot iron, with On- tario's production in this stupendous ftgure set at, $365,000,000. In addition. the Dominion had to import $260,000.- 000 worth of iron and steel products from foreign countries. $235,000,000 of which came from the United States and the remainder from Great Britain. On the basis of his figures alone. one could readily see, submitted the Pre- mier, the position of importance occu- pied by Ontario. and what it would mean to the Province it pig iron or steel could be produced entirely within her own boundaries. instead of the indus- try being forced to look to the United States for the higher-content ore which up to the present had not been definitely located here. No question was of greater importance or held out more promise to the Province than did the looked-for de- velopment of a great iron ore industry. said the Premier. Such an in- dustry would add immeasurably to the expansion of the North country : would create em ploy- ment. and increase tonnage on the railways: would render the Province much less dependent on outside sources of supply than it is at, present: and would make a great contribution to the balance of trade in this country. All Imported Ore. ' Mr. Hutchinson suggested that the Government amend the bill to provide that bonuses be paid on}; to the com- parties using the 8-hour day system or less than 8 hours a day. ( ContinuegifmA 515911.»