June 26, 1925 (14th Parliament, 4th Session)

LIB

Charles A. Stewart (Minister of Mines; Minister of the Interior; Superintendent-General of Indian Affairs)

Liberal

Mr. STEWART (Argenteuil):

I do not
remember the exact figure. I think it was a little more than that. Subsequently the department offered them an exchange of property but apparently was never able to come to an agreement with them. I tried for three years to effect an exchange of this birth for other property in British Columbia but we could never agree upon the basis of exchange. The difficulty of logging appears to enter largely into the matter of exchange there. Some timber areas are logged cheaper than others and we could not secure a territory that would be satisfactory to the parties. We did succeed in getting them to accept one area as a partial exchange for the property, but later on in trying to make an adjustment we disagreed. Finally I made the parties an offer to pay back the money they had expended in connection with the property, and the original purchase price added to interest and other charges amounted in all to $125,000 odd. We are asking for $120,000, that being the agreement I have with Messrs. Hall and Irwin.

Topic:   TRADE AND COMMERCE
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