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o e e iRECCEET "*---- b'\&'rc.\\ \ It Had With Sulphit SWd i rrreuefeureere sys C p Potential Explosion Fades Away as Hepburn Agrees With Smile to Macaulay Demand for Information osok! atso NCP Investment of Funds A PremnerOHepburn vesterday, be-- * 4 l f I ore the Ontario Legislature, noti-- fied Hon. Leopold Macaulay, Oppo-- U d F sition Leader, that he wou)ld tggle n er |re 'n ouse all correspondence relating to anyl esuammuuummunmuuue € agreements that may . have been % *._% * made bct:'eehn GL:\'ernmont depart-; Bl" to Put Admmlsirahon ments and the ke Sulphite Pul RTH Company, Limited, at the earlies't, °f M'"'ons Under BOdY possible notice. | of Three Assailed, but His announcement encompassed % * also Mr. Macaulay's demand that | Given Second Readmg correspondence and data relating to . sunmmmsmommiggmmemmmnes the export of power, the proposed A tat hax Ogoki gnd Lonr; Lac di\ergiorr and | Under a critical Opposition at-- the St. Lawrence waterway project! tack, the Judicature Amendment be tabled. _ Act, which would place administra-- The notices of motion, placed on _ tion of the $15,295,969 now in the the Order Paper by the Conservative| hands of the accountant of the Su-- House Leader, were regarded by the ' preme Court under a committee of * House as potential sources of ex-- three appointed by the Lieutenant-- plosion. The threats turned, how--| Governor--in--Council, instead _ of ever, into dull squibs when Mr. Hep-- _ eight Judges of the Supreme Court, burn, his face wreathed in smiles, yesterday was given second reading assured Mr. Macaulay that the in~, by the Ontario Legislature. formation would be forthcoming. PCN{X of g\e grgumerllt.carge wheg < remier epburn claimed goo M:k" Big Offer. f . judgment had not been exercised in I hope you will include the let= _ the investment of the funds in the ter you wrote to that Senator in past and cited the $5,765,000 that Washington," suggested Mr. Ma-- _ had been placed in unguaranteed caulay. municipal bonds and the $235,000 "You can have 'Gone With the that had been invested in a mort-- Wind' if you want it," replied the gage on the Yonge Street Arcade | | en Frvige Premier graciously. property in Toronto. pvesiment limited, "We're morally "And now that 1 have my friend Earlier, Hon. Gordon Conant, At-- | Obligated to make good any deficit in very good humor," continued Mr. _ torney--General and backer of the |rc'*s'ultmg_from poor investments, so Hepburn, "I would like him to indi-- _ bill, had stated the mortgage was WCT° £0ing to look after it. We |cate how long he will be with his _ largely in default. The bill pro-- "_'.E."t maintain some kind of super« | speech tomorrow.' vided also that the funds available l\!'lon. and i".'.ls gcenis the proper Mr. Macaulay, who will open the _ for investment should be invested WY t9o 40 it." he said. "Leaders' Day" address in the de-- only in securities issued or guaran-- bate on the Speech from the Throne, teed by the Ontario Government. shot back: "How long will you be?" Hon. Leopold Macaulay, Conser-- "I asked you first," retorted the vative House Leader, saw no reason Premier. for changing the body having jur-- :\Ir_ .\Iacaula.\- said hp 'hought he iSdiCtion over the tunds. held that . would be through by 4:30 p.m. In there was no guarantee that the that event. the Premier stated, he: COmmittee would continue to act thought he would be through at without remuneration, as claimed 6 p.m.--allowing an equal one and _ PY the Government, and believed one--half hours each for debate. it unwise to restrict the investment outlet to Ontario guaranteed secur-- ities. Premier Heoburn claimed the amendment would . curb abuses such as he charged had been found in the Administration of funds held under the Workmen's Compensa-- tion Act. There had been buying and selling of these funds and "they had been running a regular brokerage house," he said. The proposed committee, he said, would be headed by Chester Walters, Con-- troller of Finance, and others chosen from the department. He claimed also it was advan: tageous to have the scope of in--