The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 23 Mar 1938, p. 2

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March 23 ! Admits Money Cheaper. He admitted Premier Hepburn's C claim that money was cheaper now than at any time in the history of the Province. But the Premier, he stated, could not take credit for the condition, because it was due to 3 . world conditions. He doubted it was sound to finance at this time on short--term loans, and suggested that the $49,000,000 now owing to the banks was in danger of being called on short notice due to the present uncertainty of world conditions. He suggested, too, that the Province f might transfer these advantageously to long--term bonds under present cheap money conditions. He scored the Premier's criticism * of the previous Administration for' t having sought money on the world ' markets which was on re--call inI either United States, London or Ca--| 1 nadian money rates. He held such borrowing was advantageous at the w time. A. L. Elliott (Lib., Peterborough) urged a larger appropriation in tour--| ist advertising to meet expenditures of Quebec and neighboring States. He also favored the Game and * | Fisheries Department's policy of ' wild life propagation. ' "I don't think money can be | spent in an,vl Go»("ernment depart; & ment that will yield returns to equa !expenditures that are being made Es+a+e Du+|es Char e \ by the Department of Game and !Fisharies in propagating game and C l fish," he said. CI h : | aWTi Te ie ivrerarerereioriry en mm auses H ouse as j (\ % We remememmowy Charge hy George 8. Henry in the Legislature yesterday that the Hepburn -- Government settled for $650,000, succession duties on an f estate on which 'Treasury Depart-- ment lawyers under the Conserva-- tive Government had-- estimated $900,000, drew from Premier Hep-- burn the angry retort: "IL think that's the most cowardlyv insinua-- \ tion that I have ever heard made in 1 this House. .' "I will produce the file and he 5 may go through the file with a fine--toothed comb," the Premier added. "I doubt if T would find any-- thing," retorted Mr. Henry. The charge was made by Mr. Henry as he led off the budget de-- bate in the role of the Conservative Opposition financial critic. It came' » after Mr. Henry had claimed that during the past three years the e Illnphurn Administration had ml-' ected, on / e, $9, ¥* : | ; 000 in sm'(::s?'_,':r;fmo:h"u' $9,000 | statement. Mr. Hepburn said he was He stated, too, that from 1926 to | RNtrely in error. Pressed for details, 1933, the yearly average mllec'ions}Mr' Henry said hg did not have under the Conservative Government| {h@m, but the office which nego-- were about $8,000,000, and that'"med had the figures. prior to the advent of the Hepburn | Asked to Name Firm. Government the Government of| "Now you're backing up," said the which he was Premier had re--| Premier. '"Name the firm." drafted a new schedule and had| "I don't know the name of the provided for a new surtax that firm in London," replied -- the would have added $2,000,000 to the| member. average collections. ' There was a chorus of jeers from Consequently, claimed Mr. Henry, | the Government benches. the much vaunted returns by the "But I know the name of the Hepburn Government were con--|\ member. He was Ashley Douglas siderably smaller than those by the|and you used his partner in a ma-- previous Administration, and in | terial way to close the estate." passing he made the claim which, '"The Conservative President in i precipitated a further exchange in London," commented the Premier, the long feud between Mr. Henry | referring to Douglas. He again de-- and his successor in office. manded of Mr. Henry evidence to "There is no such record in the| support his charge. department of this Government." "I am charging that you settled snapped the Premier. "I tell for $650,000 when $900,000 was esti-- vou there was no estimate givenfmalod." declared Mr.Henry, and in by the department before this Gov-- reply the Premier _ made his] ernment took office." 'muntor charge of a "cowardly in--| Mr. MHenry said he stood by the'sinuation."

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