Mr. HANSON (York-Sunbury):
it is astounding to me that a little nation like Canada, with twelve million people, should buy from the United States of America, with one hundred and thirty million people, twenty-five times more per capita than they buy from us. That is a situation which I suggest to the government and to the people of Canada has been going on altogether too long, and it cannot continue indefinitely if we are to keep our heads above water. In the old days we had a remedy for that situation. We had a settlement on a three-way basis, but that, as the Minister of Finance (Mr. Ilsley) himself stated, is no longer open to us. If that be so, what is ahead of this country if it is not national bankruptcy, war or no war. It is a situation that must be corrected, and we are now in a favourable position to have it corrected. The Prime Minister (Mr. Mackenzie King) has, he has told us, paved the whole way. He has got the United States to the point where they will cooperate with us in
War Budget-Mr. Hanson (York-Sunbury)
the defence of our nation, and financing is a part of the defence of this nation and of the north American hemisphere. I ask the minister to tell the house if any avenues have been explored with respect to sending our exports to the United States.
Subtopic: CONTINUATION OF DEBATE ON PROPOSALS OF MINISTER OF FINANCE FOR CONSERVATION OF FOREIGN EXCHANGE