Legislative Assembly

lant. We should like to mention that beside the planning no detailed estimating will be prepared at this time for the extension of this project.’

“With reference to ship construction costs, these will vary with the program ultimately decided upon in accordance with what is said in the following section of this submission. The most costly alternative, mainly, two sixty-five foot vessels, four. ninety-two foot vessels, and one 116 foot vessel would require financing of approxim- ately $1,350,000.00 under the terms of financing the fishing boat offered the Develop- ment Organization by the Government in it’s option.”

Mr. Speaker, there is a lot more material right in this. I do not think that I should labor that point any longer and I will come to this. So much has been said about Georgetown that I hesitate to mention the name. Two Members of the Opposition ap-

ar unalterably dedicated to transforming the Georgetown situation into a sort of

lains of Abraham. As I have said, I hesitate to mention the name but some things must be said, some facts must be underlined. In the smoke and dust of scores of quest» ions some fundamental facts must not be obscured. The conception of an intergrawd processing plant at Georgetown was indeed a good one. In his presentation of August 15, 1963 to the Honourable Walter R. Shaw and his Cabinet, in this room, D. F. Rennie, the Executive Vice-President of Moe Industries at that time outlined a very sensible plan to operate this fully intergrated fish processing and food plant on Prince Edward Island. Speaking on behalf of himself and those other gentlemen associated with Jens Moe at that time, Mr. Rennie assumed that the cost of the buildings, and the machin- ery, and the equipment in general for the first stage of the food production complex would be in the order of one million dollars. And he guaranteed, “if we can prove a l r expenditure is justified, additional capital will be raised elsewhere.” He wasn’t 100 ng to the Government of the day to exceed the $750,000, he was satisfied with that magnificent contribution and if anything additional was required he was going to find it e sewhere. He believed in this visionary man, this man Moe, and he had been taken in by Moe as ma others had been, and as the late Government, the Conservative Government of W ter R. Shaw had been taken in. They got so badly mixed up in the thing that they couldn’t extricate themselves.

Under their agreement with the Prince Edward Island Industrial Corporation, they proposed to ay all costs in excess of $750,000 which was to be loaned to the Moe Industries Limi by the Prince Edward Island Industrial Corporation. In other words, and to use Mr. Rennie’s phraseology, and I quote, “we will put our $250,000 in bricks and mortar before you are asked to invest a dollar. ’

Mr. S ker, where are these men now? where is Donald Rennie? Where is Cavanagh? here is Johann Kielland? Where is Bakkejord? Where is Kapstad? where now are these men who's pictures graced the brochure printed on that day. Where, in fact is the plan itself?

Honourable Alexander B. Campbell: Where are all the people who have been asked the questions about Georgetown ‘!

Honourable Cecil A. Miller: Gentlemen, this question has been asked before. The fog of suspicion, and distrust, and disillusion, did not just recently appear on our horizon. Less than fifteen months after this ambitious plan was announced and at- tempted, Premier Shaw was himself confused. He recognized then that there were unfortunate rumours prevalent regarding the association of his government with the Georgetown project. He was desperately trying to find out who were the directors behind the two companies. He was amazed to find that his Minister of Industry had not filed copies of agreements and contracts as requested, and in order to substantiate that, I will read the following letter:

“Premier’s Office December, Twenty first, 1964 Hoonurable Leo Rossiter, Minister of Industry and of Natural Resources, Charlottetown, P.E.I.

Dear Mr. Rossiter:

About a year ago, a directive was presented to all Ministers of the Crown, ask- 462—