Wednesday, March 13, 1968 I consider, Mr. Speaker , that the outburst of the junior member from Second Kings carries with it the necessity for his public apology. Furthermore, Mr. Speaker , the article which provoked the outburst, which ap¬ peared in the March lGth issue of the Star Weekly was only one of a long line of articles. There are many others, also in national papers. Everyone of them reported the sad fact, the sorry, the sorrow, the pitiable fact of the Tory mismanagement of the Georgetown opportunity. Many journalists, many papers, recorded the prostitution of the people's in¬ terests as exemplified by the Tory handling of Industrial Development within this Province. Small wonder it made the headlines across the land. Amos and Andy even in their wildest imagination, never dreamed of such deals, never dreamed of such "Finance - Cheers" as the former Minister of Fisheries and his henchmen. And, Mr. Speaker , unbelievable as it may seem, this Province just missed an even greater financial debacle. In late 1965, Mr. Moe was negotiating with the then Provincial Treasurer and Attorney- General concerning the proposed issue of a se¬ curing sinking fund debenture for Foods Limited. Coming as it did after all of those famous plant opening and famous recep¬ tions, Moe and his associates stood well to profit by the tremendous public relations effort which had been floated up to that time, and Mr. Speaker , with the active conivance of the Tory Government. Even at that time they were desperately short of any kind of capital, working or otherwise, and their negotitions indicate that they were seeking over a million dollars in working capital late in 1965. As I say, Mr. Speaker , it would have been an even greater tragedy had this situation endured to the point that the Government of Prince Edward Island might have aided and abetted a stock issue on the bond markets of the world based on such faulty planning, engineering, management, and other deficiencies. We would never have been able to hold our heads up after such an event. I have much to say on these matters, Mr. Speaker , and lest anyone raise their roice to argue that I have dwelt too long let me point out one thing. This George¬ town "caper" and others which I should mention, have cost our people a fearful amount of wealth, prestige, and confidence. It is the kind of a tragedy which must be discussed at length. It is the kind of a tragedy which must never happen again. It is the kind of a tragedy which the public must know about, and must be laid at the feet of the rascals who perpetrated it. Mr. Speaker , honourable members representing the people of the Province of Prince Edward Island , do you wonder that such people do rant and roar and ful¬ minate, and furiously strive, all for one purpose? Do you wonder, Mr. Speaker , that these men would fight to the gates of the highest Courts of the land to prevent the public from knowing this sorry record ? Do you wonder, Mr. Speaker , that these miscreants, these betrayers of the public trust, should stand before you destitute, destitute of defense, naked of trust, shivering in the cold gaze of the accusing public? Do you wonder that the Leader of the Opposition was unwilling to submit himself or any of his colleagues to any searching enquiries under Oath concerning the Georgetown episode. All this, Mr. Speaker , recalls to my mind another legislative gathering, in another nation, many centuries ago, which was vexed by their "Cataline." I am tempted, Mr. Speaker , to observe, as another man did and I quote, "And yet this man lives!" And to ask as that man did also, "How long must you abuse our patience." That these men could have made a mistake, I can understand. That they could have persisted in this error in the face of the most vigorous objections from so many quarters, from their own officials, from their contractors, even this I might understand. But, Mr. Speaker , to have the consummate audacity to this very day to stand up and defend their actions, to stand up and defend the record of this sorry object of their affection, to defend the record of this international swindler, this, Mr. Speaker , —263—