March 13, 1929

LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

If the hon. gentleman says that those reports are not correct, that ends it.

In 1927, Canada exported raw material to the value of $578,000,000. I am dealing with 1927, because that was the year that the hon. the leader of the opposition was dealing with when he was in the maritime provinces. Of this amount, $340,000,000 was wheat. Canada exported forty-six per cent of its raw material, including wheat. When I look at the statistics of the United States I find that, including wheat, it exported thirty-nine per cent of its raw material-that great protected country that was going to have all its raw material manufactured at home to give employment

to its people. If, Mr. Speaker, we leave wheat out of the Canadian exportation as well as out of the American, we shall find that the percentage of raw material exported by Canada is at least twenty below the percentage of the United States-that highly protected country which my hon. friend is always holding up to us for the soundness of its fiscal policy.

But let me go further. I am about to quote a newspaper report of a speech made by my hon. friend the leader of the opposition. If it is not accurate I will ask him to correct it, and I will accept his word unreservedly. He stated:

Mr. Hoover said last week that five hundred thousand families in the United States were working on products received from Canada. Would you not like to have some of those five hundred thousand families come to Canada?

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

Mr. Speaker, the hon.

minister has asked me to correct his quotation if it is not correct. It was contradicted at the time. If he will refer to the same newspaper he will find that I said Mr. Hoover was reported to have said certain things, and that I could not vouch for the accuracy of his statement.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

I can vouch for the accuracy of Mr. Hoover's statement, for I have got it before me. This is his statement:

More than two million families in the United States earn their living to-day producing goods for export, and another million families earn their living in the manufacture of raw materials which we import in exchange for our exports. This increase in exports has brought a living to five hundred thousand families.

There is an instance of the principle that even in a highly protected country you have to export some of your raw material in order to get back that which you require at home to manufacture into the finished article and send it out into the markets of the world. Mr. Hoover goes on:

This increase in exports has brought a living to five hundred thousand families.

Mr. Hoover was then referring to the trade of the United States with the whole world, and not to raw material imported from Canada.

Let me draw the attention of the hon. leader of the opposition to this fact. Of the 46 per cent of raw materials that Canada exports, 66.9 per cent goes to the United Kingdom and only 33 per cent to the United States. Do my hon. friends opposite lay down the principle that we are not to export our raw material to any great extent, that we must keep it at home and manufacture it to give employment to our people, and that

The Budget-Mr. Venial

we must cut out the whole or any part of that 66.9 per cent that goes to the United Kingdom to help out the British Empire? Will they lay down that principle? No, they dare not. In point of fact they dare not make any such clear-cut statement; but the arguments they use to condemn this government for the export of raw material can tend to no other direction.

Now, Mr. Speaker, let me take up another argument used in the maritime provinces by the hon. leader of the opposition. He condemned this government, and quoted figures to show that we were importing far beyond what we should import from the United States. But in dealing with this phase of our trade relations with our neighbours to the south he was not fair to Canada. He knew that very large quantities of our goods imported through the United States are not credited to the country of origin, but because in the United States there are wholesale houses representing those other foreign countries most of the goods we receive in that way are credited as exported from the United States. In that way the figures are swollen and Canada is credited with receiving more from the United States than she actually does receive. Let me give an instance or two. Take cotton used in the manufacture of rubber goods-not one ounce of it is grown in the United States, but it is imported into Canada through the wholesale agencies located in the United States of the foreign countries producing that cotton, and of course the United States gets the credit for the exports. Then take raw rubber-not one ounce of that comes from the United States, yet if you examine minutely the trade statistics of the United States you will find that our rubber is credited as an export from that country. I could enumerate many other commodities. I might mention tea. We have in Boston to-day the largest wholesale teaimporting warehouse in the world, and most of the tea from foreign countries comes through that wholesale house, which by the way is owned by a Canadian. Yet the United States is credited as the exporter of that tea to Canada.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

May I ask the hon. minister a question? What percentage of our imports from the United States is made up of imports from other countries that come through the United States?

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

If I had thought my hon.

friend possessed so little knowledge of this subject,-

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

I am afraid it is my hon. friend who is ignorant.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. YENIOT:

-I would have made inquiries and been prepared to enlighten him.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

Not ten per cent.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

Then why did my hon.

friend ask me the question?

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

I wanted to see if the

hon. minister knew anything about what he is discussing.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

Does the hon. gentleman

know how much of the raw rubber that we import is credited as coming from the United

States?

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

No; but I know we get

$825,000,000 worth of goods from the United States, and a very small part of that is rubber.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

The value of that raw

material alone is somewhere in the vicinity of $28,000,000.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

That is a very small part of $825,000,000.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

I know, but I could enumerate a lot of other articles that originate in countries outside the United States.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

Co ahead.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

All the tea, all the molasses, all the sugar imported into Canada comes through the United States.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

Give the figures.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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LIB

Peter John Veniot (Postmaster General)

Liberal

Mr. VENIOT:

If my hon. friend will add together the value of all those commodities he will have quite a large amount.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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CON

Robert James Manion

Conservative (1867-1942)

Mr. MANION:

About ten per cent.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF OF.RATF. ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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March 13, 1929