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PUBLIC DEBT CONVERSION PLAN URGED "I believe the only clause in the bargain necessary to change would be the final date of payment, and, sir. I do not feel any great hardship would be entailed upon any investor if he were informed that 'instead of re-- turning your money in 1956 or 1960, as the case may be, we are going to give t to you now, If you prefer to con-- tinue to invest this money in Gov-- ernment securities you may, but after a specified date the interest rate will be 214 per cent.., 3 per cent., or what-- ever rate would be decided upon as fair and equitable considering the capacity of the people to pay. "I believe, Mr. Speaker, that there are sufficient loyal and patriotic in-- vestors who would welcom»e the oppor-- tunity of assisting the Dominion to again enjoy prosperous times, and. in my mind, there is no shorter road to national prosperity than by reducing the heavy load of debt overhanging the citizens of this country, which would react upon industry in such a way as to give it a new leave of life, thereby providing work for thousands of unemployed men and women." bargain should be carried out, but when the circumstances seem to be such that bargains have been made by the representatives of the people without due regard for the interest of the people, then, I say, the sooner action w taken, the better. effort to make the burden of the public debt more equitable. "I would be one of the last to ad-- vocate any policy of repudiation, Mr. Speaker," Mr. Carr said. "I believe that every honorable, straightforward Putting up the first brief in the Legislature for a form of public debt conversion, H. N. Carr, Liberal M. P.P. for Northumberland, last night urged that the bondholders should be given the choice of their money or of bonds bearing lower interest in an but after rate will or what-- upon as "The Governnfent does not desirs that this practice should be permit-- n RF ) We is Wies ns Bc 1000 o required." The Premier produced the February memorandum yesterday when he answered the Conservative charge that liquor advertising was being per-- mitted in Picton. That incident, the Premier said, arose when the liquor store vendor inadvertently used up old whiskey brand labels which had been generally used in 1927 to iden-- tify the packaged liquor. VisIng must be observed, Premier Hepburn revealcd in the Legislature yesterday. The memorandum had been signed by Liquor Control Commissioner E. G. Odeite. It read: "The advertising of liquors, beers and wines is prohibited in the Prov-- ince of Ontario. 'This means adver-- tising in newspapers, periodicals, programs, etc. It also means adver-- tising novelties. "A strict observance of the law is Every brewery, distillery and winery doing business in Ontario got a niemorandum in February reminding them that the bin on liquor adver. Memorandum -- Sent All Dealers, Premier Says ADVERTISING BAN RIGIDLY PRESSED ." the Premier said. March 27 One more word of criticism was directed at Judges sitting as Commi's-- sioners. The Judges, said Mr. Dewan, were not underpaid. (recontly submitted flfox_'"'ti;e_ Toronts police probe). He went on to review the record of Government payments to lawyers of both parties from W. E. N. Tilley to Norman Newton. Though Mr. Newton was a personal friend, he could 1.0% help but criticize "the exorbitant fee" MAXIMUM WACGE DUE FOR COUNSEL Most of the lawyer--M.P.P.'s were ab-- sent from the half--empty House, but the non--lawyers gave the Oxford member a hearty hand. it nhas been an outrageous abuse. It is difficult to find words adequate to condemn it. I am now dealing with this subject for a further reason, namely, that I recognize in the present Prime Minister (Premier Hepburn) a man who is carnestly determined to have this abuse corrected." "Candidly, Mr. Speaker," said Mr.| Dewan, "I think there ought to be, if ,' there is not now, some legislation on | this matter. I would suggest as a . maximum for counsel fees $40 for the | first day and $35 for each day there-- after. llIt P. M. Dewan, Oxford M.P.P., in the Legislature last night pressed for a maximum wage of $40 per day for lawyers who attach themselves as counsel to the Province's inquiries and Commissions. The Oxford Liberal member lit into lawyers who serve Government in-- quiries and Commissions on both sides of the political fence. He called the big payments for a few years' services "an outrageous abuse." He could not understand, he said, the "grasping-- shall I say chiselling?"--attitude of the legal men. "Chiselling" Attitude Laid to Lawyers ¢