The Budget-Mr. McLean (Melfort)
vestment for anyone to take much stock in locating or developing these aluminum clays of Saskatchewan, and I take it that the same reasoning applies to Alberta.
We were told a lot about exports, in regard to which there was an attempt to show an equally startling situation. A certain group of exports from 1918 to 1922 amounted to 81,185,000,000, and the same group of exports, shown under the same headings by government officials, and very properly so, from 1923 to 1927 amounted to only $1,125,000,000, and this was used as an argument against the fiscal policy of this government. I would have you note, Sir, that not until the last day of this month does the fiscal year of this government end, and it will be some time after that before complete figures are available. The five years that the hon. member for Vancouver Centre took included two years that were almost entirely war years, a third that was practically a war year, and the fourth was very much affected by war and war conditions, with wealth being shipped from Canada in the form of loans. He took those years with their inflated prices as against the years from 1923 to 1927, when prices, part of the time, were very low and crops not very large, and he found that there was a reduction in our exports during those years of $60,000,000. I think that a fairer way than that could be found in which to discuss this question. The same argument was used in connection with iron and steel, but as the hour is late, I shall not use the figures I have before me in that connection.
We were also told that we are selling $7,000,000 worth of asbestos to the United States, to be converted there into $70,000,000 worth of finished products. It is lamentable if we are doing that, if any of that money could be kept at home under any fair fiscal policy. If our raw product worth $7,000,000 is finished in the United States into products worth $70,000,000, that means an increase of one thousand per icent in value. But a minute later we were told that this material, worth something like $7 per ton, was being turned into material in the United States worth $100 to $200 a ton. One minute it was $7,000,000 worth of raw material being converted into $70,c00,000, an increase of 1,000 per cent, and a moment later it was an increase of 1,400 to 2,800 per cent.
In view of these mistakes that I have pointed out, I think that the House will agree with me that the statements made by the Minister of the Interior (Mr. Stewart) and by the Minister of Finance (Mr. Robb) with respect to the proposed export of power to
the United States from Carillon falls are more likely to be reliable than the statements of the hon. member for Vancouver Centre.
There are one or two matters that I would like to bring to the attention of the Minister of Finance.
Subtopic: CONTINUATION OF DEBATE ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE