June 12, 1931

CON

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

Now, Mr. Speaker, that

is absolutely wrong. I should like to ask my hon. friend in common decency, when an offer such as this is made by the government-and I might say that the details as to exactly how this bounty will be paid have not yet been disclosed-

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

Ernest Lapointe

Liberal

Mr. LAPOINTE:

This is an abusive

speech, Mr. Speaker.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

It is not.

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

Ernest Lapointe

Liberal

Mr. LAPOINTE:

I rise to a point of

order; my hon. friend is delivering an abusive speech.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

I am asking the hon

gentleman a question.

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

Ernest Lapointe

Liberal

Mr. LAPOINTE:

The hon. member is

asking a privilege.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

I am not asking any

privilege. When a genuine offer is made to the people of western Canada of 5 cents a bushel, which is the proposal towards the relief of the conditions of the wheat grower of the west, and when, as I have already intimated, the details of how this is to be paid are not yet stated, is it fair for my hon. friend to say that that is an indirect way of helping the railways? I ask him if that is a fair presentation of the offer made in the budget.

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

William Richard Motherwell

Liberal

Mr. MOTHERWELL:

The hon. gentleman himself does not know how it is going to work out. Not a single hon. member opposite does.

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

Edward James Young

Liberal

Mr. YOUNG :

We know that the Prime

Minister said he would pay 5 cents a bushel. He said he would pay it in freight.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

No, he did not.

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

Edward James Young

Liberal

Mr. YOUNG:

He said he would absorb

it in freight charges.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

No, he did not.

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

Edward James Young

Liberal

Mr. YOUNG:

It is to go to the railway

companies, then.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

It is to go directly to the farmer.

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

Edward James Young

Liberal

Mr. YOUNG:

When the farmer sells his

wheat he gets the money from the buyer to whom he sells it. A moment ago I said I could not find any other explanation than this: Sometimes the railway, when wheat

sells at such a low price as it sold at last fall, finds it has not yielded sufficient to pay the freight.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

Nonsense.

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

Edward James Young

Liberal

Mr. YOUNG:

I ask my hon. friend this:

The government is going to pay this money in freight. If a carload of wheat is shipped to the head of the lakes and it does not sell for sufficient to pay the freight, what will the railway do? Will the railway company pass the five cents on to the farmer or will they keep it?

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

It will not go to the railway; in that case it will go directly to the farmer.

Mr. Y'OUNG: I am very glad to hear my

hon. friend say so, and I hope he will see to it that his promise is carried out.

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

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

It will be. Do not

worry,

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

Edward James Young

Liberal

Mr. YOUNG:

Let us see who is likely

to get this five cents. AVill it ever go to the farmer? I doubt very much whether it will. The grain trade doubts it very much. The wheat market is the most sensitive market in the world. The slightest influence is reflected in the price of wheat. When this announcement was made, if anybody in the trade had thought it would have the effect of increasing the price a single cent, the December option would have advanced on the market the next day. But it did not.

What is likely to happen? If the world market is such that it requires all our wheat, every bushel of it, then the buyers will come in and they will bid the world price for that wheat, and the five cents bounty will be reflected back to the farmer. The Canadian miller will have to pay the extra five cents because he will not get the freight reduction on his wheat. What will he do? He will come to the government and demand a compensating bounty on flour. If on the other hand the situation should be as it is to-day and as it is likely to be as long as this measure is in effect, for it is going to last only one year, when the world does not require our wheat and does not care very, much whether she takes any of it or not, your European buyer will sit back and he will let the Canadian miller bid for the wheat. The Canadian miller, having to pay the full freight rate, will bid just five cents less. That will fix the price. Then the European buyer will come in and take what he wants at that price. He will either put that five cents in his pocket or distribute it amongst his customers in

The Budget-Mr. Maclnnis

Europe, and the western wheat producer will get none of it.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF THE DEBATE ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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June 12, 1931