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'1"3.]'; C | msan t | calculat for the tacs;n:at purpase to avoi cJeraticn of the statute preventing people who have a contract with a municipality from <running for office in thai municipality. This exemption is in the case of a Councillor to whom certain outstand-- ing fees for attendance at meelings of Council the year previous are still owirg at the time of electicn. Such a debt, Hon. Mr. Finlayson explainsd, should not d:bar him as a candidat». Ansther amendment wou!d make the right cf a Rseve to a Couble vote con-- tingeon: on the County Council's de-- c's'an in the matter. The Minister amplified the new provision to require municipal trea-- surers to provide surety from a rec-- cgnized trust company, by explaining that the present system of allowing individuals, sometimes the relatives of the bonded person, to go surety was highly unsatisfactory; and in cases of BILL ALTERS BASIS OF BORROWINGS defalcation might tempt the Trea suror simpoly to destroy the bond. Thess and other minor amendments are the conclusions of a Special Select Committee of the Legislature to revise the Municipal Act appointed by the Legislature of 1931, and which has acted under the chairmanship of Hon. Mr. Finlayson. In explaining the bill, Hon. Mr. Finlayson said that, owing to the unusual financial conditions of the present time, it was thought in-- advisable to recommend anything in the nature of sweeping changos. A more comprehensive revision of the Municipal Act could be considered in a more normal period, he said. Insolvency Averted. A changs in the basis of temporary | borrowings by municipalities; a reduc-- | tion in tht legal limic of por diem fees | of elected represontatives of townships, villages, countics and cities of under | 100,000, and provisions that the bonds of Municipal Treasurors be from rec-- ognized guarantee trust companics, represent some of the main amend-- ments to the Municipal Act incorpor-- ated into a bill introduced by Houn. William Finlayson at yesterday's sit-- ting of the Legislature. Reduced to 70 Per Cent. of Previous Year's Actual Expenditure BONDING BY COMPAN:ES BY MUNICI ALITIES aA case of a outstand-- meelings _are still mated that the work of the commit-- tee, including thes hearing of rep-- resontaticn of those interested in the propessd amendments, would com-- monce immediately. ééébe of these proposed amendments could not be indicated as yet, Hon. Mr. Price stated. Mr. McBrien inti-- honorarium in addition to a per diem fee. * Another bill introduced by Hon. Mr. Finlayson provides for an important modification to the present Local Im-- provement Act. This amendment will require all "forcing" local improve-- ment measures by Municipal Councils to be reviewed by the Municipal Board, after advertissd hearings, at which residents interested can present their caso. The Minister explained that at present the act permitted Councils to force local improvements without a reference to the affected residents by a two--thirds vote of Council. This section, he declared, had been abused, especially in the suburbs of large citiecs, where it had been evoked to pile up enormous debts in subdivisions for improvements without the consent or sometimes knowledge of land pur-- chasers. On motion of Attorney--General Price a select committes, under the chairmanship of F. G. McBrien (Con-- sorvative, Toronts--Brockton), was ap-- pointsd to consider proposed amend-- ments to the Mechanics' Lien Act and to report back to the present Legis-- lature its recommendations. The dollars in counties, five dollars in cities of less than 100,000 population and to three dollars in towns and villages. The Minister expressed the view that it was utterly wrong for an elected representative to draw an possible to estimate the exact rev--| enue; therefore the amendment would | change the basis of borrowing to 70| per cent. of the previous year's actual | expenditure. | Another amendment reduced the per diem fses for representatives at-- tending municipel meetings to eight "The depression hbhas shown us," said Hon. Mr. Finlayson, "that some banks have been too gengrous and some municipalities too reckless in making temporary borrowings against a& current year's estimated revenuc." These temporary borrowings, he said,. were designed to allow municipalities to go on with work at a season most advantageous even before the collec-- tion of the year's taxes. Hitherto the basis of this temporary borrow-- ing had been 90 per cent. of the esti-- mated revenue. But it had been im-- Mar. 5. Following third reading of the bill yesterday, Sir William Mulock, Ad-- ministrator for the Province, was escorted into the Legislative Chamber by Premier George S. Henry, and gave to the legislation the formal en-- dorsation which makes it law. Royal assent was given yesterday in the Legislature to Attorney--Gencral Price's bill providing for a modified moratorium on mortgages in the Province of Ontario. The legisiation becomes operative immediately, it is understood. "\A'\afi\ar\oo\n'\uml\ll\a-\ui\n\ Nut P h 6 9 o6 9 Tsc it 9 Ts t hnsd 3 Th n 9 Ts i P y 6 9n 6 9 Tok o 9 Ts Moratorium Law Is Now in Effect