( LIBRARY VICTORIA,"
PRINCE GEORGE, B. C. THURSDAY, OCTOBER 29. 1936
Five Cent*
7~~G. Targeon Will Seek Change in Contract for the Air-Mail Service
In Agreement With Board of Trade That Planes Should Base on Prince George CITY TRADeTaFFECTED
Approves Revival of the Plan to Build Highway from Summit lake to Davie Lalce
G Tiime:n, M.P.. appeared before m. eVlno ' cf the members of the t-hice George board of trade in the I'frv hall on Saturday evening to ex-the circuirstances attending the it of the contract by the federal "ow;nmciu-rcr" the establishment of ; air-mail service for portions of N'crtliern B. C, within the confines or 1 Cariboo district, to be operated n Edmonton instead of being based on prince George. Despite the short notice the meeting was well attended, .� Prince George residents are vitally interested in the establishment of this nir-mail service, especially with respect to the effect the same may have upon the future business of Prince George r; the lexical trading center of thn northern portion "of the Cariboo riding. Mr Turgeon admitted the force of tho objection taken to the establishment of "an air-mail service based on Edmonton, but explained the matter had developed more quickly than he had anticipated, with the result the contract had been let by the postal auth-criies before he was aware of it.
President S. J. Watson presided over the meeting which get -under way �shortly after 9.30 o'clock ^in the even-insr. He explained the officers of the beard had decided to take advantage cf the oresence of Mr. Turgeon in the city to have him explain just what h~d been accomplished with respect to various matters which the board had taken tip with him. Amon? these the chairman mentioned the air-mail service to the northern portion of the riding, the establishment of a model farm, public buildings for Prince George, the improvemet of the Crooked River waterway, the Peace River -highway, and the vexed question of railway freight rates. On this variety r.f..matters he called upon Mr. Turgeon to address the gathering. The member fcr the district received round cf applause in rising to ad-rrs the gathering.. He said he would ssume the matter which had been plated at the head of his list by the chairman was the one he considered of greatest importance by the members :f the Prince George board of trade, and he would deal with this first; but by way cf preliminary he thought it well to comment upon the size of the Caiiboo riding and to point out not cnly its great extent, but the fact that is embraces a succession of communities which to a marked degree have special rather than common interests, with respect to the railway situation he tcok occasion to remark thai some time ago a former chairman cf the board of trustees of the C. N. R. recommended that due to the fact operation of the line from Red rw in th*1 Cariboo district and that tttpv would materialize in 1937 or in 1938 at Hip. latent
- Public- Buildiwrs I^sup
On the susr^estion the federal aov-rrnment should proceed with the erec-? :m of miblic butldine-s in Prince 5olution to this effect was approved and a copy of the same will be forwarded *.o the proper authority in Victoria.
Matters relating to the sail? of ir.ilk in the city from small dnirle;.; whose* premises do 2iot entitle them to Grade A inline "-ere di1 cussed The complaints in this connection are said to have their origin from the miik producers who have the Grade A rating The matter will be referred to the municipal authority.
The board of trade approved of the adjustments recommended by the Farmers' Institute in connection with land settlement lands.
Throughout the meeting the attitude cf the board of trade toward the farmers was sympathetic, there being evidence of a desire to co-operate with the rural communities to the fullest extent, and there is reason to believe much good will come out of Vhe getting together of the business men of the''city and the. farmers.
Prince George Nicked for $300 in Bond Interest
Alberta Tenders Interest at 4% on Debentures on Which Default Made in April
Legion Property Up For Sale By Public Tender
City Council Refuses Request of Mortgage Company for Special Consideration
OTHERS DUE MONDAY TENDER INSUFFICIENT
Charged by the Bank
The City of Prince Geeorge has re-, , ccivt'd a cheque from the AlbpVia go\-
Nrchako rather than from the river .it- � emment for part interest on debel:-self. but against this theory was the ,ures carrled in tne Municipal sinking feet that the water in the well had funds am, on whJch the Aberharl gov. maintained a fairly consistent level |j minicnt. dcfmuted in payment of prin-
�with that of the water in the river On Monday, however, an unusual condition was observed in the well iivthat it-s level stcod several inches above thst of the river, suggesting either a feed from the hillside or the existence of a hidden river channel some distance up stream from the well, either of which would mean a supply of hard water.
Mayor Patterson explained to the rruncii the conclusions arrived at by Engineer Ostrander following his examination of the mound. Nothiim in the way of a written report had been received, but he expected this would bo forthcoming after the engineer had br< n supplied with certain data now bring got together. Mayor Patterson said Mr. Ostrander expressed confidence the proposed well would produce soft water, but the size of well recommended by him was. larger than
cipal on maturity in April last. The total of the issue upon which Alberta defaulted was S3.200.000, and of it Prince George carried $15,000 as a -inking fund investment. While Alberta defaulted in repayment of thn issue on maturity it has paid something on j account of interest. The interest rate 1 stipulated in the debenture is ti per cent, but the payment offered is 4',. i and to get any interest debenture holders are required to accept the lesser ! rate in -satisfaction for the Hill rate. In the case <:' F.in e George Lh-e in-I terest cut amounts to S300. but as the I bends have been hypothecated to the j bank, to finance the default in pay-: ment of the principal, rtie city had I virtually no option but to accept the I lesser interest payment which improved the municipal situation with respect ' to the debentures by $600. Thi-s action
pumping problem. The sinking of the well'involved the building of a piece of spur-line, the making of arrangements for the ire of a power-digger, and the purchase of heavy timbers for the well. This would involve a considerable expenditure, ond if the work was to proceed authority to make the expenditures should be piven.
All members of the council took part in the discussion, but there was an evident intent to make an earnest effort to secure soft-wnter. and the i?-solution referring the matter to the fire and water committee with power to act was carried on a unanimous
vote.
the railway
to accept whatever Alberta was .willing to pay. without regard to honesty or equity; and until the defaulted debentures are taken up the city will bo cut the difference between what it is rbliued to pay the bank on a loan and the 4'> rate tendered by Alberta in full settlement cf interest charges.
On Monday there may be further trouble for municipalities which have been carrying Alberta debenture.-; in their sinking fund accounts in that nnother Alberta issue of $1,250,000 matures on November 1st, and the outlook is the province will default asain , as it did in April. The city of Prince ,. � Georsre holds $9000 of this issue, also
The buildinu of the railway ->pur j *-7t-'ult;"" "uiuil ^v" �" �........
will be taken in hand at once and the' arid if default is made in repayment it shovel for the digging is expected to j v"ni mean t"e ratepayers will have to i-~----n^Ki� ,,.in-,in ">id bv the Alberta government. The locfil incident, illustrates how harsh Premier Aberhnrt's policy of repudiu-(Continued on Page Five")
Redemptoin Sought by Payment of Half the Taxes with Promise of Balance in 90 Days
The city council on Monday oven-ing decided to call for tender-: for the purchase of the property of the Prince George branch of the Canadian Legion, which became forfeit to the city for unpaid taxes on September 30th. the rnjht of redemption not having been exercised. R. Bruce Abel, president of the Chartered Commercial Company, of Vancouver, appeared before the council to ask lor special consideration on the part of his company in the matter of redemption of the property as the present holder of a mortgage. This was based on a telephonic communication on September 29th. with President Abel on the Vancouver end of the line and City Clerk W, G. Fra.scr on the Prince George end. and one day left for the redemption of the property. President Abel said he understood from City Clerk Fraser it would be sufficient if the taxes wire in the mail before the expiry of the redemption date, and on September 23th he forwarded a cheque for one-half of the taxes upon the assumption that regulations obtaining' in other municipalities ior redemption by paying half of the taxes would v-acceptable in Prince George. The cheque forwarded by President Abel , had not been certified by the bank upon which it was drawn.
The recollection of the telephonic conversation by City Clerk Fraser differed somewhat from- that of President Abel. He said he had informed him payment of the full amount of taxes clue would be required to redeem the property, and that he had no know-' ledge thai it could be redeemed for any ; le.sser amount. President Abel had ! said he would tender tne lesser amount I for redemption in accordance with the '< procedure in certain other municipali-! ties. The cheque arrived on October , 3rd for half the amount cf the taxes, �; but it had not been certified:. The i city clerk said he had sought the ad-j vice of the city solicitor as to the | sufficiency of the tender for redemp-I tion and being advised it was insufficient had returned the cheque.
President Abel said he had not ap-
j wared before the council to argue anv
j legal question but merely to ask
� hether the city council was prepared
(Continued on Page Five)