The Ottawa Journal from Ottawa, Ontario, Canada • Page 14

14 Friday, December 12, 1969 No Additional Charges Urged TORONTO -i Mr. tice Samuel Hughes of (he Ontario Supreme Court recommended no additional prosecu-iiiw. i the complex financial collapse of -Atlantic Acceptance Corp. Ltd. in 1965 in his royal commission report.

"But when the Crown looks at report they may find grounds to lay charges that's their job," he told a news conference Thursday, held just after the release of his four-vol ume investigation of the col lapse. In fact, court actions have been occurring periodically ever since Atlantic went down. Mr. Justice Hughes mentioned some at his news conference. In addition, thre have been civil actions brought by subordinate Atlantic noteholders and other Individual creditors attetnpting to recover some of their loss.

USTS CONVICTIONS Mr. Justice Hughes named these convictions: Donald Reid, a London, convicted of bribery in connection with ure Island- Properties a firm loaned money by British Mortgage and Trust Co. Ltd. of Stratford, sentenced to one year and disbarred; William Walton and Harry Wagman, accountants, for some of Atlantic's subsidiaries, convicted of theft and conspiracy to defraud in 1967 and sentenced to two years; William Pike, former British Mortgage manager in ford, convicted in 1966 of bribery and sentenced to two 1 A 1 win I 1 s'" The Ottawa Journal months: later convicted and sentenced to three months on charges of receiving benefits Irom Belheld investments a company -which got financing Irom British Mortgage. STILL PENDING Charges pending, mentioned by Mr, Justice Hughes, are these: Pike, conspiracy to defraud British Mortgage, along with Wilfrid P.

Gregory, former Brit Ish Mortgage president; Roy Calladine. former president of Belfield Investments, and Lawrence Facey, former Toronto mortgage manager of British Mortgage; A rthur Duncan, former mortgage manager of Canada Trust, and Jack Young, former Belfield Investments sales man ager, with fraud; Eugene Last and Neville Levinson, both with fraud. Last was, the president of Dalite Corp. (Canada) Ltd. and Levin-son the president of Nevil Enterprises both companies associated with Atlantic through loans; EIia.sYiN.RabbiahJ.;formej.

president of Racan Photo-Copy Corp. which borrowed heavily from Atlantic, with fraud, uttering and conspiracy. Rabbiah skipped bail and has never appeared for trial. C. Powell Morgan, president of Atlantic, died in 1966 while the commission was slill holding hearings.

Justice Hughes said Thursday, Morgan would probably have been sentenced to a "substantial term" had he lived. 1 200 ROLLS BROADLOOM Twists Shags 501 Nylon Kodels IndoorOutdoor Plush Available For Immediate Installation -ALL AT SALE PRICES GOLDEN TRIANGLE FLOOR COVERING 955 GLADSTONE AVE. 729-4368 I I qfyriT.ira?tfo (mmm Mi If it GERALD MINO was elected president of the pro-bilingual Canadian Alliance Thursday night in the foyer of the national Others elected to the board of directors were Sydney Rubinoff, Judge Arthur Labbe, Lionel Poirier, Professor Blair Neatby, Miss Florine Isabelle, Profes Roger Saint-Denis, Daniel B. Lynch, Mrs. Marguerite and J.

M. Leblanc. Christmas Exchange In Trouble About 2,100 families who ex pected to receive help at Christ mas, from the Christmas Ex change may be disappointed un less results of the fund drive improved "immediately," Ex change officials said Thursday. Only $16,000 of the $40,000 in cash donations needed to provide help families had been received Thursday. Mrs.

Hughette Petrtik, co-ord-inator of referrals from social welfare agencies, said. And the exchange hasnot received-suff icient-new -toysMo date either. About 6,000 of the total requirement of 8,000 have been collected. Mrs. Petruk said the process ing of requests tor neip nas been suspended until the financial picture brightens.

Deadline for new toys and cash donations is Dec. 20." Money donations are being accepted at all branches of the Toronto-Dominion Bank and the Ottawa Citizen. Jury Blames Blackout For Crash A coroner's jury ruled Thurs day a driver's lack of for his health and the condition of the rear tires of his car may have been a significant factor in an accident which took the life of a 40-year-old Ottawa man last Sept. 22. William Prytula.

of 1213 Van couver Aveifue, died as the. re sult of internal bleeding due to multiple injuries, received when his truck was in a head-on colli sion with a car on Bronson Ave nue near Sunnyside Avenue. Evidence produced at the inquest indicated the driver of the car, Ronald 19, of 17 Young Street, lost control of his northbound vehicle after he blacked out at the wheel. Testl mony indicated the car mounted the median and crossed into the opposite lane, striking Mr. Pry- tula's vehicle.

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