May 28, 1930 (16th Parliament, 4th Session)

UFA

Robert Gardiner

United Farmers of Alberta

Mr. GARDINER:

Mr. Speaker, it is rather remarkable that any hon. member should question my right after I had read this statement in the press despatch:
"I am afraid," he said,-
That is, Mr. Sweezey.
-"that Mr. Gardiner has been utterly deceived by a group who have confused him with a jumble of distorted facts and deliberate falsehoods."
I am trying to show, Mr. Speaker, that every word I said was absolutely true, and I am going to proceed. The prospectus is so worded that one is forced to the conclusion that the bondholders are getting more or less favoured treatment in respect to class B shares, and that if the general public were allowed to purchase them $60 would likely be the amount that would be asked for them.
The charge made in the house that this company was violating the terms of its lease and order in council is founded on and substantiated by the prospectuses signed by Mr. Sweezey and issued by Wood, Gundy & Company Limited, Dominion Securities Corporation Limited, Robert Dodd & Company Incorporated, and a number of other brokerage houses both in Canada and in the United States.
In these prospectuses it ds made perfectly clear that the plans of the company make provision to take the whole flow of .the river through the company's canal and that work is being done under these plans with that end in view and money being spent therefor. All clearly in violation of the terms of its lease and of the order in council.
I have in my hand a copy of this prospectus issued by Robert Dodd & Company Incorporated, investment bankers, the Royal Bank Building, Montreal. I realize, Mr. Speaker, that it is getting late in the session and desirable that the house should conclude its business as soon as possible. Therefore if I have the permission of the house I will not read the prospectus, but if I have not that permission, then I must proceed to read it, because in it is contained many of the allegations which I made last Thursday, and I am here, sir, to protect my honour. May I have the permission of the house to file this with Hansard?

Topic:   BEAUHARNOIS POWER CORPORATION
Subtopic:   QUESTION OP PRIVILEGE BY MR. GARDINER RESPECTING REPORTED STATEMENT OP MR. SWEEZEY
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