The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 22 Feb 1933, p. 1

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| solved." | Mr. Nixon : speaking on ' Government !its existence , Premier Hentr 's motion deal the order pa to speak on Progressive Leader in Fighting Speech, Con-- demns Henry's Alleged Corporation Connection MOTION PRESENTED .,.;, OF NON--CONFIDENCE| &s,} i aunted With Receiving Fees, Premier Challenges Accuser; Warmly Defends Abitibi Deal its existence another year when Premier Henry objected that he had a motion dealing with the subject on the order paper, and that the time to speak on it would be when the motion came up. The Speaker of the House sustained the objection raised by the Prime Minister. "That this House begs to advise your Honor that the present Govern-- ment does not enjoy the confidence of the majority of the people of On-- tario, and is maladministering the public affairs under the mandats given Mr. Ferguson in 1929. We advise, therefore, that only routine business of the House be carried out, and with all possible despatch, and the Logis-- lature should then forthwith be dis-- Mr. Nixon was prevented from speaking on the probability of the CGovernment attempting to prolong --Hints of a "Leak" in Power Transaction along with redistribution, seems to be about the only legislation which the . Government has in its mind for the ! session. \__"In this connection the people have read with interest the recent amazing and conflicting statements and inter-- views given by the Premier, and I think it is fair to say that these state-- ments have caused more uncasiness and dons more harm to the cause lof mortzagors who are in difficulty fthan any good that will come out of any legislation the Government may !pass," he declared. | Contradictions Alleged. . With a copy of the annual report of the Toronto Mortgage Company in his hand, Mr. Nixon referred to the fact that the Speech from the Throne predicted legislation to extend the Mr. Nixon's reference to the al-- leged connection of Premier Henry with the mortgage company roused the interest of the Opposition mem-- bers and the ire of a number of those on the Government side, not the least of these being the Prime Minister himselft. Some Members Ruftl d. Mortgage Moratorium Act, passed at the 1932 session. "In fact, this act, "It migzht be perplexing to many to account for the Premier's seeming-- ly contradictory statements on this matter. But I submit, in this con-- nection, we have in the person of the Primes Minister thé greatest mcodern illugtration of Dr. Jekyll and Mr. Hvyds." He then disclosed that the name of Hon. George S. Henry, M.P.P., had besn elected to the Board of Direc-- tors. The company had reported a 12 per cent. dividend on the last year's business, which was earned with ample margin. "The Chairman regretted the heavy increase in taxes, an item over which, he said, they had, unfortunately, no control, I don't know if that statement will wash well or not, with their chief director as Premier in the Govern-- ment," observed Mr. Nixon. "One would think that the Premier wourld have been moving & resolu-- tion not to foreclose on any mort-- gagor," commented Mr. Nixon. "Sub-- sequently it was moved and carried that the annual remuneration to be paid the directors for these services be increased from $5,000 to $5,300." as shall be fixed by the sharehold-- ers in a general meeting." _ _ He read of Premier Henry making motions, one of which included a clause "that the directors shall be paid for their services in connection with the company such remuneration e bruary "I had occoesion last year to draw your attention to the anomalous po-- ! sition in which the Premier found ' himself as Prosident of a great milk-- | distributing combine while being | head of a Government which was | supposed to regulate and control this | very combine. I understard that | since that time the Premier has re-- | signed from that position, but here i we have a similar situation in con-- inectlon with this mortgage com-- pany." lPremler's Action Condemned. | --"I condemned most emphatically at that time the policy of the Premier ' and members of the Government hold-- ing important position on multi--mil-- lion--dollar corporations, which they, as members of Governments, are sup-- posed to regulate and control, in the public's interest. I condemn even more emphatically this sample action 'of my honorable friend. It is just as true today as it was 2,000 years ago, , that where a man's treasure is, there will his heart be also, and you can't serve the public and at the same |time Mammon. | porations," said the Progressive Lead-- |er in completing this part of his ad-- Terms Position Anomalous. The speaker also pointed out that the report gave the rczerve fund as 125 per cent. of the capital; that the funds were profitab'y invested and that only three properties re-- mained on the company's hands for sale at the end of the vear, out of approximately 1,000 mortgages, stated Mr. Nixon. "The net outcome of the year's business was that, after pay-- ing interest on borrowed money, ali expenses, taxes, 12 per cent. divi-- dends, and writing off all mortgage interest due but not paid at the end of the year, the amount carried for-- ward in the contingent fund had boeen increased from 378%.3063.94 to $88,442, and the Vice--President had stated that for the first time in the company's history, its assets cxceed-- ed $5,000,000." "I will say in all sincerity to the Premier that, if you want the people of this Province to have confidence in fair and impartial administration by your Government, irrespective en-- tirely of your policies, for goodness' sake, along with your Miristers, get off the directorates of these great cor-- Dealing with the subject of redis-- tribution, Mr. Nixon said: "I fear that the Government is giving more at-- tention to its efforts, by a gerry-- mander to bring grief and difficulty to its opponents than attempting to solve the problems of the day." _ Referring to former redistribution bills, he stated: "This year it would appear that the Government is going to have it all cut and dried, and all it asks of us is to sit tamely back and swallow what is dished up." _ The Redistribution Issue. "I happened to be a member of the special committee in 1924 and 1925 dealing with the matter, which com-- mittees were under the chairmanship of the present Prime Minister,. I re-- call that he read the boundaries of the different constituencies from the letter--heads of Conservative associa-- tions, and when we protested against the outrageous character of the gerry-- mander, and the unfair distribution "Let the Government dump out its bag of tricks here on the floor of the of seats as between urban and rural sections, he simply sat back with his usual mulish obstinacy and let us holler. Throws Gage to Martin. -- bug!

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