Notice of Hearing: In the Matter of Jack Banks a.k.a. Jacques Benquesus and Larry Weltman

THE SECURITIES ACT,
R.S.O. 1990, c. S.5, as amended (the""Act")

AND

IN THE MATTER OF

JACK BANKS a.k.a. JACQUES BENQUESUS
and LARRY WELTMAN

NOTICE OF HEARING

(Section 127)

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 127 of the Act at the Commission's offices on the 17^th floor, 20 Queen Street West, Toronto, Ontario, commencing on Thursday, May 3, 2001 at 10:00 a.m., or as soon thereafter as the hearing can be held (the "Hearing"), to consider whether it is in the public interest to make an order:

(a) pursuant to paragraph 2 of subsection 127(1) of the Act, that trading in any securities by the respondents or either of them cease permanently or for such period as may be specified in the order;

(b) pursuant to paragraph 6 of subsection 127(1) of the Act, that the respondents or either of them be reprimanded;

(c) pursuant to paragraph 7 of subsection 127(1) of the Act, that the respondents or either of them resign any positions as a director or officer of an issuer;

(d) pursuant to paragraph 8 of subsection 127(1) of the Act, that the respondents or either of them be prohibited from becoming or acting as director or officer of any issuer; and

(e) such further and other order as the Commission may deem appropriate;

BY REASON of the allegations set out in the Statement of Allegations of Staff and such additional allegations as counsel may advise and the Commission may permit;

AND FURTHER TAKE NOTICE that any party to the proceeding may be represented by counsel if that party attends or submits evidence at the Hearing;

AND FURTHER TAKE NOTICE that upon failure of any party to attend at the time and place of the Hearing, the Hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

March 30, 2001.

John Stevenson