Mr. Speaker, I might say that I would like to bring a file of letters, of complaints I have heard about the working of resale price maintenance, people going broke because they did not dare to cut the price of inventories. They were out of business in either case. If they kept the inventories, they went broke; if they disposed of them they got no more merchandise. That is the sort of letter I have. In other letters they were ordered to raise prices. They did not want to raise them; they were satisfied with the old profit margin. Nevertheless
they were ordered to raise prices or they would get no more merchandise.
understood the answer given by the hon. member for Rosetown-Biggar (Mr Coldwell) the other day-I am not sure if it was to someone on the other side of the house-I understood him to say that it would be the duty of the state to regulate all prices.
In connection with this question of the loss leader, I am sure the Minister of Trade and Commerce recognizes that that could easily put people out of business. He must know, because he comes from the United States, that in that country there have been many price wars of the kind that occurred the other day in New York, when people were forced out of business. I know that in reading the history of the co-operative movement-