This is more germane to
the question, if my hon. friend will be good enough to follow the analysis. In 1913, I say, we produced l,0OS,000 tons of pig iron
The Budget-Mr. Stevens
while the average for the last five years has been 632,600 tons, or a decrease in production of 37 per cent. Just contrast the figures I have given. Our increase in imports has been 80 per cent, while our production has been 37 per cent lower. Will anyone tell me as a Canadian that this is sound business?
My hon. friends opposite shouted from the housetops their wonderful policy of lowering the cost of the implements of production. Those were attractive words. But I ask hon. gentlemen now, has it paid? No, Mr. Speaker; far from that it has been a tragedy, for this country. Our imports of manufactures in iron include all rolled mill products, something which Canada can and does produce in every province, comprising bars, rods and so forth, and in 1922 the total was $20,000,000. There was a lowering of the tariff with the result that in 1926 this amount had increased to $47,000,000, or 135 per cent. Take machinery, not agricultural but implements generally. In 1922 our imports amounted to $24,000,000 and in 1926, $38,000,000, or an increase of 60 per cent. Imports of agricultural machinery, amounted in 1922, to $7,700,000 and in 1926 to $17,500,000, or an increase of 129 per cent
engines and boilers, in 1922 $4,800,000 and in 1926 $13,900,000, or an increase of 190 per cent. Follow me again; rolling mill products show an increase of 135 per cent; machinery not agricultural shows an increase of 60 per cent: agricultural machinery an increase of 129 per cent and engines and boilers an increase of 190 per cent, and mark you the average increase of imports over the same period was 24 per cent. Do not tell me that this is healthy; we have a normal increase of 24 per cent in all our imports, but in these things which mean bread and butter to tens, yes, hundreds of thousands of Canadians there are increases of 135 per cent, 60 per cent, 129 per cent and 190 per cent respectively. There is something wrong. Sir, these things alone should command the attention of parliament; we could well afford to cast to -the winds practically all the business of this session and turn our attention to these matters. Parliament should face these facts.
Now let us turn to the exports, and we will see an equally startling situation. Our exports under the same -headings, which are fixed by the government officials and very wisely so, show the following:
Fibres and textiles.. Wood and paper.. .
28.000. 000 32,000,000
1923-1927 Per cent
65.000,000 + 1.5
* Increase. f Decrease.
Subtopic: CONTINUATION OF DEBATE OF THE ANNUAL
Sub-subtopic: FINANCIAL STATEMENT OF THE MINISTER OF FINANCE