May 2, 1939

SC

René-Antoine Pelletier

Social Credit

Mr. PELLETIER:

Naturally when there is a large shipment of gold extra protection would be required; possibly it is necessary to provide additional guards or to make special arrangements to carry the gold on special trains. I was wondering whether the expenses incurred in that respect are more than offset by the payments we receive for taking care of the gold.

Topic:   DEPARTMENT OF FINANCE
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LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

Oh, yes, definitely.

Topic:   DEPARTMENT OF FINANCE
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Item agreed to. 1,61. Royal Canadian mint, including the Dominion of Canada Assay Office-further amount required, $16,629.21.


LIB

Jean-François Pouliot

Liberal

Mr. POULIOT:

Is the royal mint under the Minister of Finance, or under the Bank of Canada?

Topic:   DEPARTMENT OF FINANCE
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LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

The Minister of Finance.

Topic:   DEPARTMENT OF FINANCE
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LIB

Jean-François Pouliot

Liberal

Mr. POULIOT:

At what page of the public accounts of 1938 can we find anything about the royal mint or the movement of gold? In the first pages of the report signed by the deputy minister I see nothing about the royal mint or the movement of gold. I should like the minister to tell me if my sight is wrong or if there is something there. Perhaps I overlooked a part of the report concerning the movement of gold or the royal mint.

Topic:   DEPARTMENT OF FINANCE
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LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

I am quite satisfied, without having the public accounts before me, that the expenses of the royal mint are there in detail the same as those of any other agency of the government. I can quite conceive that the purchase and sale of gold may not be. I shall be glad to get a complete statement of the procedure with respect to the marketing of gold and bring it to the' committee when the main estimates of my department are under discussion, if that is a matter of interest. I do not have it before me now, and while I have a general knowledge of the manner in which these transactions are conducted, as I outlined a few moments ago, I should not like to go into details without having more information before me than I have at the present time. I cannot give my hon. friend the page, but I am quite certain that in the public accounts, account is rendered of the operations of the royal Canadian mint, exactly the same as with respect to any other department of government.

Topic:   DEPARTMENT OF FINANCE
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LIB

Jean-François Pouliot

Liberal

Mr. POULIOT:

That is all right, but here are the headings as given in the report of the department:

Classification of accounts, ordinary receipts and expenditures, special receipts and expenditures, government owned enterprises, capital expenditures, write-down of assets, the Canadian

Supply-Finance

National Railways Capital Revision Act, 1937, over-all deficit or increase in net debt, percentage distribution of revenues and expenditures, 1937-38, loans, Post Office savings bank, investments, sinking funds, advances to national harbours board, Canadian farm loan board, soldier and general land settlement, post-war housing loans, Dominion Housing Act, 1935 and National Housing Act, 1938; the Canadian Broadcasting Corporation, the Canadian National (West Indies)_ Steamships Limited, loans to provinces, Canadian National Railways, Canadian Pacific Railway Company, foreign governments, total decrease in active investments, how increase in net debt was financed-

And so on.

There is nothing with regard to the other matter. I hope the minister will look into the question, because it would be most interesting to follow the movement of gold in the country. Canada is a gold-producing country and the government has its hand on the whole production of gold. It is therefore important for us to know what quantity of gold is sold by the government outside Canada either to individuals or to companies. This is part of the national wealth and I am wondering why we sell our gold when every other country in the world is trying to get hold of as much gold as it possibly can.

Topic:   DEPARTMENT OF FINANCE
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?

An hon. MEMBER:

There is a market for it.

Topic:   DEPARTMENT OF FINANCE
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LIB

Jean-François Pouliot

Liberal

Mr. POULIOT:

Yes, surely we have a market for it; but there are things which it would be better for us to keep here. It would make no difference to my hon. friend's electors 'because the government would pay for it and we would have value for the money paid for the gold. My hon. friend knows that; he is too clever not to understand it. The matter being so important, I think that members of the House of Commons and parliament as a whole should be informed with respect to it. It -would be easy for the minister to give the information. All he has to do is to say the word to his deputy and we would have a complete instead of a half-baked report. I could say more about this matter but I shall have other opportunities.

Topic:   DEPARTMENT OF FINANCE
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Item agreed to. 1,62. Old age pensions, including pensions to the blind-administration-further amount required, $1,500. Mr. DOUGLAS (Weyburn); Will the minister explain this item? Mr. DUNNING; It is the extra cost of examining applicants for blind pensions. Item agreed to. Subsidies and special grants to the provinces. Special grants. 1,6S. Saskatchewan-further amount required,


CON

Charles Hazlitt Cahan

Conservative (1867-1942)

Mr. CAHAN:

Has this money or any

part of it already been expended under governor general's warrants?

Topic:   DEPARTMENT OF FINANCE
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LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

No; this is not a warrant.

Topic:   DEPARTMENT OF FINANCE
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CON

Charles Hazlitt Cahan

Conservative (1867-1942)

Mr. CAHAN:

Is this further amount of

$2,000,000 required for Saskatchewan included in the public accounts for the year ended March 31, 1939?

Topic:   DEPARTMENT OF FINANCE
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LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

It will be, if it is voted.

Topic:   DEPARTMENT OF FINANCE
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CON

Charles Hazlitt Cahan

Conservative (1867-1942)

Mr. CAHAN:

Will the accounts to March

31, 1939, when they are hereafter published, include this item of 82,000,000?

Topic:   DEPARTMENT OF FINANCE
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LIB
?

Mr. CABMAN@

And will the minister have

to take into consideration this sum of $2,000,000 in his expenditures for the current fiscal year in regard to which he has already given estimates?

Topic:   DEPARTMENT OF FINANCE
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LIB

Charles Avery Dunning (Minister of Finance and Receiver General)

Liberal

Mr. DUNNING:

The last fiscal year.

Topic:   DEPARTMENT OF FINANCE
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CON

Charles Hazlitt Cahan

Conservative (1867-1942)

Mr. CAHAN:

Then this $2,000,000 will

further increase the deficit for last year beyond what was estimated for the last year which ended March 31, 1939?

Topic:   DEPARTMENT OF FINANCE
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May 2, 1939