The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

* wae :5 UH * 1SPEGIAL GOMMISSION BROKERY SITUVATION Early Transfer Expected ® From Attorney--General's ' Department ' HON. W. H. PRICE EXPLAINS | Enthusiastic applause from Govern-- 'ment and Opposition benches alike .greeted Attorney--General Willlam H.| Price's confirmation in the Legislature | yesterday of The Globe's forecast of an | early transfer from his department to a ' special Commission of the administra-- | tion of the Securities Frauds Preven-- | tion Act. I Colonel Price's statement was to the| effect that the Government had been | prepared to amend the act to bring | about this transfer at the 1930 session, | but, at the request of the interpro-- | vincial conference on the brokerage | situation which was then in progress, | ;| the amendment lhad been "stood over" | until this year, in order that all Prov-; inces, or as many as desired to, cou'd ; bring a Frauds Act into operation, zmd'; effect at the same time the same juris-- | diction transfer as Ontario's. | '"Now," said the Attorncy-Gennra';,{ "I have recommended to the Govern-- | ment that the act be passed this ses-- | sion, and it will be introduced, I expect, | some day soon." s | In making this change, the Govern-- | ment felt, he added, that anything of | a very contentious nature should be | directed by a board or some judiciali' body whith had ncthing else to do but; give all its time to the job before it. | In removing the vexatious brokerage | question from the field of contention, | he felt, the Government would have | the approval of the House and of the public at large. Colonel Price's explanation was pre-- cipitated by interrogation from Hon.' Harry C. Nixon, Progressive Leader, who, rising before the orders of the day were called, «aid that The Globe's fore-- cast was "onviously inspired," and won-- | dered if the Government could not take : the House into its confidence as well. "Surely," said Colonel Price in pre-'-' acing his explanation, '"no one will | accuse me of inspiring an article in The Globe." (Laughter.)