April 6, 1927

CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

Twenty thousand dollars paid up was what the commission reported. They discovered that a company with a nominal capital of $250,000 was endeavouring, with a paid up capital of $20,000, to lease a property which under the law it could not do as it did not exist. There could be no such company as the Pacific & Oriental Company until such time as at least $25,000 had been paid up. I do not care anything about the $40,000 cheque.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

I am basing my statement on the evidence given before the royal grain commission. I probably should have said there was $40,000 paid up.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

The commission said

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

The money was in

the treasury. We only had certain expenditures to meet and we were functioning accordingly.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

James Dew Chaplin

Conservative (1867-1942)

Mr. CHAPLIN:

You said you never

functioned a minute ago.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

The commission found

that $20,000 was paid up. Does the hon. gentleman from Moose Jaw understand that? Twenty thousand only v/as paid up according to the finding of the commission.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Arthur Edward Ross

Conservative (1867-1942)

Mr. ROSS (Moose ,Taw):

I did not say

anything about it. The hon. gentleman asserted that I knew everything about the matter. I do not. I do not know anything about this, and I am not getting into the argument at all.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

Ah! It is so delightful; the hon. gentleman has a modesty that is really bewildering. The commission found that $20,000 was paid up. The hon. member for East Edmonton (Mr. Blatchford) now declares he should have said that $40,000 was the amount. Which statement are you to take? What he says here, or what the commission found after examining him under oath? He gave evidence, he was examined under oath; and this little coterie that tried to get this lease now say they want $100,000 although the company never functioned. They said

Vancouver Harbour Commission

they had $20,000 in the bank but they never took a lease, never functioned the hon. gentleman says now, and now they want this government to pay them $100,000. That is the

story.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

I took my cue to

enter the grain handling business from Mr. Bennett's successful operations in the same line-the Alberta Pacific-

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

Mr. Bennett is not the

owner of a single share in the Alberta Pacific Grain Company.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

-when that company was formed.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

Excuse me. Mr. Bennett has not a single dollar of investment in the Alberta Pacific Grain Company. Mr. Bennett sold out.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

Quite recently for

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Fizalam-William Perras

Liberal

Mr. PERRAS:

Which Mr. Bennett?

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

Mr. R. B. Bennett. Mr. Bennett sold his interest long ago. Mr. Bennett realized that unless the government was going to bonus him he could hardly expect to succeed longer in that industry, in view of the formation of the pool.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

The Alberta Pacific

Grain Company * was formed through a trust company known as the Alliance Company, and I find according to the record, from the high cost of living investigation of 1919, they had $24,500 in cash.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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CON

Richard Bedford Bennett

Conservative (1867-1942)

Mr. BENNETT:

That is wrong. Thej

had a million in cash. That is on record. Just read the record.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

Later on they

started to do business. Mr. Bennett put in $300,000 of English money, and let me show you the profits they made.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

John Frederick Johnston (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

I really cannot allow

this discussion to proceed.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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LIB

Kenneth Alexander Blatchford

Liberal

Mr. BLATCHFORD:

The hon. member

for West Calgary has made the charge that the company to which he refers was not functioning, that the capital was not sufficiently paid up.

Topic:   VANCOUVER HARBOUR COMMISSION LOAN OF $4,000,000 FOR TERMINAL FACILITIES
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April 6, 1927