There are the two statements. One from the Minister of Agriculture and the other from Mr. Graham. The one is a positive statement and the other is a statement by Implication. The latter is one which might fairly be taken to convey the idea that the Minister of Militia was interested in this application made by Mr. Graham to the Minister of Agriculture.
Without going into all the details, for they have been pretty thoroughly gone into already, I may say that the scheme, as it eventually turned out, certainly was very favourable indeed for the contractors. They have, in the first place, a mortgage of $60,000 from the New Brunswick government, and only a week before the prorogation of the New Brunswick legislature, there was an order 4a- council passed providing that an additional guarantee of $30,000 should be given-tor the New Brunswick Cold Storage Company when the House reassembles. In other words,, the New Brunswick government of that day pledged itself to introduce and ernTy'-such legislation. That means an amount of $90,000 which was guaranteed, principal and interest, in favour of the New Brunswick Cold Storage Company. In addition there was an application to the Minister of Agriculture for a Dominion subsidy of 30 per cent on the proved cost. The application in that case was for 30 per cent; on an expenditure of $125,000, making an amount equal to $37,500. So that if this plant cost, as stated in the application to the Minister of Agriculture, $125,000, this company actually obtained in guarantees of principal and interest on its bonds and in subsidy an amount equal to $127,500, or $2,500 more than was spent in obtaining the plant and putting it where it is. There is a letter in connection with that matter. That agreement between the government and the New Brunswick Cold Storage Coon-Mr. DANIEL.
pany was made on the 30th October, 1907, and the amount of subsidy granted was $37,500, being 30 per cent on the stated expenditure of $125,000. But on the 13th November, or barely a fortnight afterwards, Mr. Macoun writes the secretary of the Minister of Agriculture saying that their plant would cost more than the $125,000 and that it would cost completed $150,000. In that-case I presume there was another application for an additional subsidy; and perhaps the Minister of Agriculture will say whether there was another application for an additional subsidy based on a cost of $150,000 or $160,000.