June 19, 1934 (17th Parliament, 5th Session)

Mr. VENIOT:

I desire to take advantage of this occasion to refer to ah incident which took place before the subcommittee of the banking committee which sat in Montreal. As I read the report a reference was made by Sir Herbert Holt to the development of horse power and the building of newsprint and pulp mills in New Brunswick. He made a statement with reference to Fraser Companies Limited and the premier of New Brunswick. He did not name the premier but I happened to be premier from 1923 to 1925 and had considerable to do with the initiating of the development of water power in that province, especially at Grand Falls. While Sir Herbert Holt was not definite in the statement he made, if he had in mind the connecting of myself as premier of the province with any transactions of Fraser Companies Limited in the development of horse power, I desire to dissociate myself from that reference. So far as Fraser Companies Limited and myself as premier of New Brunswick at that time are
concerned, they had nothing to do with the action I was prompted to take in connection with the development at Grand Falls at that time.