Yes, less 15 per cent. I was coming to that point, and I thank the minister very much for mentioning it. Is there any reason why the Canadian shareholders in any of these corporations operating in Canada with the parent company in the United States should be subject to a 15 per cent deduction on the dividends issued on the Canadian operation? That is one of the points that should have been met.
Returning to the article Mr. Gray, who has always been a warm admirer of this government, said:
Shortly after these speeches were made by Mr. Howe, I happened to attend a convention of one of the biggest American industries, which has a multi-billion-dollar investment in Canada. I asked the delegates for their reaction to the Howe speeches.
I ask you, Mr. Chairman, to listen to the answer:
In three days none was found who had heard of Mr. Howe, let alone the speeches.
The need for Canadians to realize our heritage and our destiny will not be achieved in a situation such as is revealed in the last words I read from that article. We want to see launched in this country a great development policy under which Canadians will not be denied as they are today the right to join on equal terms with foreign investors coming into our country. We want to ensure that in the days ahead Canadian development to a larger extent than ever before will be brought about through investment by Canadians and thereby maintaining in our country our economic sovereignty.
I say that in the last few days the government finally saw fit, as was revealed yesterday by the Secretary of State for External Affairs, to point out something not in a spirit of