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TFTebr uavry 24. f Premier himself is absolutely in error |. . # ceive the public. And I repeat that Feud Over Premier's Con-- grw h;su M;Pstfilon of this clause in ) pow, * * nu s company. He con--: | "It is the common practice of people nection WItIl Mortgage tends that, because he paid from $200| on the hustings to l:alk about bank ~-- Firm Flares Anew in to $250 a share for: his stock, the| Siny t.opalysm:erdgzgtend';hgoz MA Legislature -- Progres-- -- «ud a 1e c 0 POME C 4200. _ Fou ais mihading uoiee vay s "Supposing I were to buy a share of . rou are misleading unless you sive Chief Sees Serious the Premier's stock, which is so at.| State what the stock is yielding every ~ tractive that I might have to pay $200| |time it is bought or sold. Its yield paild by the mortgage company would' is S:stimated. Words only net me 3 per cent., but does not The Toronto Mortgage Company . in any way affect the statement that! Sstock is in $50 denomination. :('zg AWhkbeerernreeie e ientie oc iess the mortgage company had paid the| honorable friend has read about some regular 12 per cent. dividend, which,; extra stock sold to the stockho1ders] DECISION ON ISSUE as I un?ergtan? i4 is based on the par! at ?1100 a sl:lare. tx; that uh x;ot s:égo' value of the stock. ow, if the Pre--! a share, I do not know what arith-- RESTS WITH PUBLIC mier wants us to believe that actualiy| metic is." j slz:oo or $250 went to the tma.;lusriv,; of He then quoted from the financial Snmmemmmemmmanmmemme mmmene this mortgage company for eac are} review, which stated that the stock ut of stock issued at a par value of $50,] had gone as high as $133 for a Using emphatic l'"'""'"' H':"' that is quite a different matter: but 1| |share, yielding ;gt this 4.1 per cent..m ;';';:"rdg l':"{',','g m' '""{'jr:" cemmre'; do not think that is his intention. _ | / "That is the truth and I am stand-- Premier George S. Henry for havy Quotes Annual Review, ing _by it," the Prime Minister said. stated in his address on r%\nesday ui:'t "I note in the annual financial re-- Then you wish to let it go at be, Mr. Nixon, had made statements . view, 1932, that the par value of the that?" said Mr. Nixon,. concerning the earnings of the To-- -- shares was $50 each, and, further, this 'i'llc:;tat:il?;{ .Slfit.s lxlrfe fie';leifg' ue to Mortgage Company, with which interesting statement: 'On Feb. 5, $ ined :gre: Prime Mlguur is connected, which 1930, directors authorized an increase | Progressive Leader. were untrue. : in the paid--up capital stock by allot--| e rsonal . ment on March 1, 1930, of 5.509 shares| R'il?ing tfi aN?'\'x'sfionwof lpe at $100 per share, pro rata, to share--| rivilege, Mr. on . stro: con-- & & pro _ rata, shnare-- | gemn.fi' the Premier for m"finy, given -- holders on record at close of business hiin the "lie direct." He had not inter-- on Feb. 28, 1930; one new share was | preted the remarks at the time as Allotted in respect of every three such, or he would certainly have "rais--| shares held. Holders of less than ed a bear garden," said the Progressive| three shares did not receive an allot-- Leader. Such terms were, to say the| ment, as no fractional shares were: least .unp.r]hmenury h> said, and issued. As at Dec. 31, 1930, over 90; 'al 7 ne Prim p | r cent. of this issue was accepted by | Op S thon ns £ Mmkw'l ls)leiai'cholde'r.s' Another feature: On] to retract. C * * * Page 1085 of this same review we have| Fremier Defends Position. ' the i w f ghest and lowest prices of the delt're:rlne!:;x'ml:enryi ui: a spmd'frgc :;Plg'-. stfock in Torcrtx't&) Iilstled oveg g.ipem . en position as a ' of ten years, a cannot find in this company. He once more €X--| table any place a figure that anywhere plained his association with it, and' near approaches that given by the again tock issue with Mr. Nixon's re--, Premier on the filoor of the House on marks. In conclusion, he flatly re-i Tuesday. So I would think that, in-- fused to retract the statement and| stead of giving the lie direct to the indicated that he meant everything| member for Brant (Mr. Nixon him-- he said. self), the Premier would hang his '"You wish to leave it stand at that?"| nead in shame over the whole affair. questioned Mr. Nixon. "In any case, if there is any am-- "I certainly do," replied the Prime| piguity in connection with this min-- Minister. R ute or the one relating to the re-- "All right. That sults me," rejoined | muneration of directors, it is the fault the Progressive Leadeor. meaningly, 48| of some official of his company, and if he were foing to let the public| not the fault of the member for decide Umflmtheu Pu"?.l'tmty of such| Brant, If there woere zmryt I:nis;'{tnte- language in the Legislature. ments made on the floor of this House | on Tuesday last they were not made y uotes Press Report. . "AMr. Nixon quored an evoning peper | 99 the member for Brant as 1, care, o in fls soesen nc pomnieP bi,| and stand by B. 'Therefore, Mr. if in this speech the Premier '"in-- Speaker, I have not the slightest tended to give ms u;f Ille &lrect. :: doubt but the Premier's gentlemanly the paper says, whic still cann M . "believe, that is quite a different ET Course of aciion shouly be unger ins ?;,:Sfi :xmts:e&g ?o'rl an m{] circumstances toward the member for ic 6+ »| Brant. pretty raw and ugly, and, undoubtedly: questioned 'gfil"- I i":," alx)xlgwx}gc o:-ggi unparliamentary. Never in my four--, Annual finan revie _ of the mortgage company on the table teen years in this House have I asked MR a Speaker to rule against an honorable | _ of the House," he said, taking his seat. | member and I don't propose to do so Imedlgtely Ithe al;;?r?;e thzfi:lt,as{:r now undar any circumstance. 1| too e floor, In m 'I | would infinitely prefer to rest my case| mept he had merely been placing L?'l'- | | in your fair judgment a;z.d in the t;g g:t?n t'llyn :;?d t?ll): t,ugttllazz lge ;:rid;:en tll udgment of the members of t ne > * i--louse. rather than take satisfaction | dividends statement was not the whole by the application of a formal rule.| truth, and that it was made to de-- In the schcool I went to we did not in take out our satisfaction in that way. ' Let me place this matter before you again. "I read this clause from the min-- utes of the thirty--fourth meeting of the Toronto Mortgage Company. $ "I read that, Mr. Speaker, without comment, other than to say that there was evidently no depression in this business of the Premier's, and I did not seek to leave any inference, nor f was I deliberately trying to deceive the people, as the Premier charges. _ | & "Let me respectfully submit that the |,