Hon. DOUGLAS ABBOTT (Minister of Finance):
Mr. Speaker, I wish to table copy of order in council P.C. 1994 of May 20, 1947, the effect of which is to postpone from June 30 to September 30, 1947, the issue of a proclamation terminating the War Exchange Conservation Act, 1940.
Hon. members will recall that many duties on imports from the United Kingdom were temporarily eliminated, and others were substantially reduced below the British preferential rates in effect in 1939, as a wartime measure under the War Exchange Conservation Act. It was provided that this act should expire on the date of the issue of a proclamation under the War Measures Act declaring that a state of war no longer exists, or on such earlier date as may be fixed in a proclamation of the governor in council.
In view of the decision to conduct tariff negotiations on the basis of Canada's pre-war rates of duty, an order in council was passed December 30, 1946, providing for the issue of a proclamation on June 30, 1947, terminating the War Exchange Conservation Act. It now appears probable that the negotiations in progress at Geneva will not be completed by June 30. Accordingly, the government have decided that it is not desirable to restore the regular rates of duty on that date, and have postponed to September 30 the issue of the proclamation in question.
Subtopic: POSTPONEMENT UNTIL SEPTEMBER 30, 1947, OF ISSUE OF PROCLAMATION TERMINATING ACT