March 25, 1938

LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

They will buy it from the wheat board, yes. It will be paid for by means of financing here arranged for as the result of the passing of the legislation we now have under discussion.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

They are converting the futures into cash wheat, and the wheat is being held against purchase for seed?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

Yes.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

That is the story, as I understand it. Is that right?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

Practically so, yes. The question of price remains, and obviously that is a matter of some concern. It was very difficult to say, back in July and August and September last, what price should be charged by the wheat board to the provinces, and in turn to the farmers requiring it, for the wheat then held by the wheat board. Obviously one could pick out a particular day when the price was high and say that they ought to pay that much, or pick out a day when the price was low and say they ought to pay this much.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

There was a heavy premium on cash wheat, though.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

I know. I am inclined to take the view, and I was at that time inclined to take the view, that a fair adjustment of the price basis would be the average of the price from the 31st day of July last until the date on which delivery was taken by the provinces of the wheat. While that has not yet been definitely determined, it still seems to me to be the most fair and reasonable basis upon which the transaction could be based. There are of course other costs in connection with it. The wheat was not, when acquired by the board in exchange for its futures, in the position in which it will be required to be placed for the use of the farmers.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

It was in the elevators.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

There will be a distribution cost. In a great many cases it was not in the country elevators.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

A good deal of it was.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

It was in the interior terminals in certain cases.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

I said " elevators." That meant both country elevators and terminals.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

Oh, I see. I am sorry. In any event the country elevators in which it was contained were in most cases quite a distance from the area to which it must ultimately be distributed. The figure that has been referred to by the minister of agriculture of Saskatchewan is $1.45 a bushel. It will not exceed that figure, but it may be between

Seed Grain

SI.40 and $1.45, calculated on the basis which I have indicated, plus the averaging of the costs of movement, which of course must be covered as part of the costs of the wheat.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CCF

Thomas Clement (Tommy) Douglas

Co-operative Commonwealth Federation (C.C.F.)

Mr. DOUGLAS (Weyburn):

Before the minister goes on, could he say what the provinces paid the wheat board for that wheat?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

It is not paid for.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CCF

Thomas Clement (Tommy) Douglas

Co-operative Commonwealth Federation (C.C.F.)

Mr. DOUGLAS (Weyburn):

No, but on what basis will it be taken from the wheat board to the provinces? What will the provinces pay for that wheat?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

They will pay whatever the price is-the average price. The price I am referring to in the whole of this discussion is the price at which the wheat board will turn the wheat over to the provinces. The wheat board is arranging already with the provinces for the distribution of it. So that, as I understand, the price to the provinces will be a delivered price. That is the arrangement that is being made-a delivered price at the point where it is required, covering all the costs of getting it there, and this will provide the basis for the price to the farmer.

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Alexander James Anderson

Conservative (1867-1942)

Mr. ANDERSON:

Is that wheat already deliverable to the provinces?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

Is it "deliverable"?

What does my hon. friend mean?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink
CON

Alexander James Anderson

Conservative (1867-1942)

Mr. ANDERSON:

Is it actually delivered to them at the present time?

Topic:   SEED GRAIN
Subtopic:   GUARANTEE OF LOANS FOR PURCHASE OF SEED AND OTHER ASSISTANCE IN SEEDING OPERATIONS IN WESTERN PROVINCES
Permalink

March 25, 1938