Another angry debate broke out in Ottawa last week on the issue of U.S. investment in Canada (TIME, April 30). It was touched off by a government measure, introduced in Parliament, to lend up to $80 million to Trans-Canada Pipe Lines, Ltd., a company more than 80% owned and controlled by U.S. gas and oil interests headed by Texas Millionaire Clint Murchison. The loan is to be used to build the first leg (Alberta to Winnipeg) of a long-delayed transcontinental natural-gas pipeline.
Opposition Tory and C.C.F. (Socialist) parties, which have been accusing the Liberal government of giving too much leeway...