Right Hon. W. L. MACKENZIE KING (Prime Minister):
Mr. Speaker, I wish to make a brief statement regarding the chairmanship of the -wartime prices and trade board which, because of its importance and interest, I have felt should be given in the first instance to parliament.
After five and a half years of service as chairman of the wartime prices and trade board, Mr. Donald Gordon has asked to be relieved of his duties in order to return on a full time basis to his position as deputy governor of the Bank of Canada. The recent appointment of Mr. Graham F. Towers as Canadian executive director of the international bank for reconstruction and development lends a certain urgency to Mr. Gordon's request.
The government, after careful consideration, has reached the conclusion that plans for the orderly decontrol of prices are sufficiently
Wartime Prices and Trade Board
advanced to make it possible to meet Mr. Gordon's wishes without the public interest being adversely affected. Mr. Gordon's resignation has accordingly been accepted to take effect on April 15. He will be succeeded as chairman of the wartime prices and trade board by the now deputy chairman, Mr. Kenneth W. Taylor. Mr. Taylor has been with the board since its establishment in 1939.
I should not like the acceptance of Mr. Donald Gordon's resignation to pass without expressing the government's deep appreciation -which I am sure will be shared by hon. members of both Houses of Parliament-of the exceptional contribution made by Mr. Gordon, as chairman of the prices board, to the effective economic mobilization of Canada's resources during the war and, since the termination of hostilities, to an orderly transition to a peacetime economy in our country.
The success of Canada's campaign against inflation during the war and in its subsequent control owes very much to the untiring devotion. integrity and courage displayed by Mr. Donald Gordon in the discharge of the arduous duties of chairman of the wartime prices and trade board. I -feel I may speak for the Canadian people as a whole when, at this moment of his retirement, I express to Mr. Gordon our thanks for the invaluable service he has rendered our country at a time of its greatest need.
Subtopic: RESIGNATION OF DONALD GORDON AS CHAIRMAN- APPOINTMENT OF K. W. TAYLOR