The Premier of Ontario has also called attention to a published statement which he made recently and which concluded as follows: "The high credit standing of the Province of Ontario in this country and abroad has been built up over the years by the prompt and regular payment of public obligations of the province and its constituent municipalities in accordance with the letter of the contract in each case, and I would regret the day that it cannot continue to do so. This does not imply, however, that certain municipalities do not require adjustment. They do. It is in the interest of bondholders that they do adjust. The Ontario Municipal Board will put an end to the idea of some that certain municipalities which have not defaulted will be permitted to do so to ease their situation and taxation they are facing.