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BROKERS, SALESMEN ARE FURTHER CURBED Amendments to Frauds Pre-- vention Act Are Brought Dovin Amendments to the Security Frauds Prevention Act which Attorney--General Price brought down to the Legislature yesterday, place further restrictions on registered brokers and salesmen and officials of registored partnoerships and companies. 7 y 'Tnese ameondments make it an of-- {onse for any of these persons to try, by personal canvass, to induce any one to acquire securities without giving that person, during the first interview and before entering into any contract with him, a statoment clearly setting forth, in type not smaller than ten--point: "1. All of the information contained in the latest prospectus of the com-- pany or organization issuing the se-- curity sought to be disposed of, as filed with the Frovincial Secretary under the Companiss Information Act of 1928. "2, Whethner the security sought to be disposed of is a 'treasury' or 'non-- treasury' security, as the case may be. and the designation shall be 'treasury' if the security is to be, or was, issued directly by the company or organization only in return for a cash contribution to its treasury, otherwise the desig-- nation shal. be 'non--treasury," and such information shall in every case be in These provisions apply only in re-- spect of every security not being traded upon the Toronto Stock Exchange, the Standard Stock and Mining Exchange, and any other stock exchange from time to time designated in the regulations. ink and of a color which is in contrast to that used in any other parts of any document upon which the state-- ment may appear." L It is also provided that the Attorney-- Gencral may, in writing, exempt any security or any class of security from the provisions of the amendments, and may cancel such exemption. Supplementary Estimates Are Approved by House + The Ontario Lsogislature yestorday |afternoon completed its job of voting the supplementary cstimates for the |fiscal year ending Oct. 31, 1929. More : than $14,000,000 in appropriations were voted on Monday night. Yesterday the House swung through the balance-- $857,390.91--with practically no dissent. By departments, yesterday's votes were as follows: Treasurer's, $%5.%$75; Agri-- culture, $157.000; Miscellaneoys, &s99,. €09;: Provincial Sccretary's, ©5381,.964.91, snd Hoealth, $70,350, ve.quS/?_/-"G x / ¢y --MQ+r 22 i0 /A . an¥Ghadt | ant> advantaua in tha B":' "And." lié_'cvb-;lt;n"l;:d', "there are the nnybo,gly any advantage in that re more insidious gentlemen who visit us spect. {]roT fiore;)gn lands a;:eking to get their & Vild Speculation. oo0ks in hore and t ere." Fn'dl 'am atpa loss to know how there ,, "Why not," the Premier was asked, | is honest financing if the public doesn't "Set public ownership up as a great ex-- | know the revenues," said Mr. Sinclair. *}leelto pirlvate lo:"pershlp and show | "Ssuppose the Government said that it JUSt where it excels? f was not in the public i}r:terest Dte? te}l. Would Be Inadvisable. | 'orki f the Highways Depart--| ; mm ;::mv org,nrfiyou the H%rdro is seeking o iWPh h;:'_e tio b'l'ly c;u:g \jc"ldpg:eir' ? to be above suspicion, it should give Said the Premier, 'ml 4 IG" tiod n-- f revenue and ex-- AGvisable to disclose the informat tol ;:gl:it:g:emlengoxgt see how it would| °U CO'?DC'gO"S- We havel to get DOVi'er' * s 'at cost. ower companies can give :)ux;t }I;!es;gro t:ng'erxdm?oulduglel ';futth?:;! power for nothing for a time to beat this wild speculation and these wild "s"g};(f'-u d'"t*;mc&l",':;;fa;lol ;tl;l:r;s is 'be myz Tan. it Inot. o MP iOE ns on Atofeompetition at al>" saig o. a> nesenil tion. If there is no inrormg.tion zz'#son (Liberal, North Huron). "Why be | can't blame the people if they m |afraid?" We have nothing ta teay*" \ MJ pared to suggest to the fii'rdfc}ncaifi- mizsion to make public all the informa-- tion involved. <«PUBLIC HYDRO RETURN THOUGHT INADVISABLE DUE TO COMPETITION turn of Hydro information, was finally withdrawn in the Ontario Legislature late yesterday afternoon. Mr., Sinclair's resolution was: "That there be laid before the House a re-- turn, showing all contracts, letters writ-- With Premier Ferguson maintaining that it was inadvisable to make public «ctails of the operations and business affairs of the Ontario Hydro--Electric Power Commission and with Opposition members declaring that Hydro should not be shrouded in secrecy, and that the Hydro undertaking had nothing to fear from private power enterprises, the resolution of William E. N. Sin-- elair, Liberal Leader, asking for a re-- EXPORTS OF POWER ALSO DISCUSSED Liberal Leader's Resolu-- tion Asking Information on Details of Operations and _ Business Affairs Withdrawn After Pre-- mier Points to Dangers Involved L/ edaesday-- Ms + c4-- _ Mr. Ferguson repliea that, while hel didn't like to mention names, there| were '"a number of private organiza -- | tions." He said that there was "one' big development company at Niagara'; Falls" and "in Northern Ontario the Northern Canadian Power Company, | which controls the power situation largely on the Montreal River. "There was private control further north still, said he, and another power company at Kaministiqua Palls. +iz I[FBICSICG _ ITliat the situation wasf as it was, but he believed, after a con--~ | sultation with tne Hydro Commission, | that ne should take the stand that he' was taking. Mr. Sinclair asked what companies Hydro had to fear in Ontario. vairensive Check--Up, He went on to tell of ernment--arranged audits of H: that "an auditor even -- lives Hydro office." There was, sai extensive check--up to see tha thing was spent in the channe rated, and that "we get repo time to time." He regretted that the situa as lt was hitf ho InoHnuwas «aul "Even after discussing this matter with Hydro engineers, perhaps I'd be Apolish enough to give you all the in-- g@armation, as I usually do," said _ Mr. Ferguson, latughing. But, seriously, Re continued, "this is not a matter that is parallel with the Department of High-- ways. | "We make advances to Hydro," he 'explained, "because this Legislature has |confidence in their enterprise. But we must leave it to their administration. "Hydro," he continued, "has to com-- lpet,e with private enterprises, and the ies y sls eb ied se o h on c 8 , 5 /, ""~_ DPetCome even more certain than before of the worth of public owner-- ship and the future of Hydro. The Chairman, said the Premier, had no desire to withhold information. "But," Mr. Ferguson continued, "every day he soes evidence of attacks, and it is up to us to protect Hydro. It is all jJust a question whether we have con-- fidence in Hydro or not." Extensive Check--Up. C,. A. Magrath, Chief sioner, said Mr. Ferg taking the chairmansh mission, become even i before of the worth o ship and the future Chairman, said the P desire to withhnld inf~ "Hydro," he continued pete with private enter competition that it ha: hasn't always been of t Hyd.o is more or less in there is no private enter; give even to its sharet formation that my hc ask clared, "I submit that this is not the right attitude in regard to this great public undertaking. Not a Parallel Case, '"The annual Hydro report," the Lib-- wral Leader continued, "is all right for engineers, but it is rather a sealed book to the ordinary man." He intimated that if the Premier said that the return could be ordered he'd withdraw his request. "But," he de-- ister has referred to, and put an end to the wild statements by guessers _ or cnemies of Hydro. I would ask the Premier to reconsider the situation and allow the information to be given to the public." their own estimates. That is an un-- frir position in which to put Hydro. How are we to know the costs of any article unless we know all the elements that enter into it, both receipts and ex-- perditures? Personally, I am at a loss to know why information like this cannot be given. It will put an end to the criticism that the Prime Min-- Mr. Ferguson, had, since chairmanship of the Com-- have nothing to fear." ca audits of Hydro and tor even lives in the There was, said h&. an --up to see that cvery-- : in the channels desig-- t '"'we get reports from tell of the Gov-- has had to meet f the fairest type. in the open. But Hydro Commis-- a con-- nies