Mr. MACKENZIE KING:
My point is
that the stocks are not really a proper basis for valuation-a proper basis for the arbitrators to proceed upon. The only sound basis is that which has regard to the property that the country is getting. The stocks may represent it or they may not. If they represent it, well and good, if they do not, surely it is the part of wisdom to see that any award which is made has reference to actual values in property.
Subtopic: CONSIDERATION OP AMENDMENTS MADE BY THE SENATE TO BILL FOR THE ACQUISITION OP THE SYSTEM BY THE GOVERNMENT.