July 4, 1972

NDP

William George Knight

New Democratic Party

Mr. Knight:

Mr. Speaker, the former minister of industry, trade and commerce is speaking from the past, as usual. He is out of date and irrelevant in respect of the Canadian scene. We in our party have been critical in this debate in respect of these policies and we make no apology. At least this party, which bases its democratic principles on the right of debate, can take credit for the fact that we know what is going on in Canada in the twentieth century.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

William George Knight

New Democratic Party

Mr. Knight:

Hon. members across the way get very nervous when we point out the lack of imagination they show in terms of this foreign ownership legislation. Let me assure the minister that when and if this bill passes we will look at it with a great deal of interest to discover what action will be taken in terms of carrying out the very minor things involved in the bill. We will watch with interest. The amendments moved by the Conservative party in motions 6, 7, 8 and 9 weaken further what is almost an irrelevant bill. I hope members of this House of Commons will vote categorically against each of these amendments.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
PC

George Harris Hees

Progressive Conservative

Mr. Hees:

Tell us about Laxer.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

Max Saltsman

New Democratic Party

Mr. Max Saltsman (Waterloo):

Mr. Speaker, I hear a request from the hon. member for Prince Edward-Hast-ings (Mr. Hees) that I enter this debate, and I must say I

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July 4, 1972

Foreign Takeovers Review Act

am surprised to note how he and his colleagues are helping the Liberal party.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
PC

George Harris Hees

Progressive Conservative

Mr. Hees:

We just want information. We want to hear more about Laxer.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

Max Saltsman

New Democratic Party

Mr. Saltsman:

What the hon. member does not realize is that the Conservative contribution to this debate makes the minister more comfortable. The Liberals like to sit in the middle. They say the Tories are way out on the right and do not want control of foreign ownership. They say the NDP is way out on the left and really wants control of foreign ownership. Therefore, the Liberals must be correct.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
?

Some hon. Members:

Hear, hear!

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

Max Saltsman

New Democratic Party

Mr. Saltsman:

You are reinforcing the good opinion the Liberals have of themselves, an opinion that is not justified on the basis of any reason. I am surprised the Conservative members would be so co-operative in assisting the Liberals in this way. I hope they will desist from this so we can continue the debate on foreign ownership.

The hon. member for Edmonton West (Mr. Lambert) went to some pains to indicate the number of witnesses who appeared before the House of Commons committee and were unanimous in supporting the increased level from 5 per cent to 10 per cent. I might have been more impressed had he related the fact that there were few witnesses who appeared before that committee. There were not enough to really question whether in fact this bill had received the kind of examination it deserves. I think the lines are pretty clear in this debate. We in the NDP want foreign ownership in Canada brought under control and we want to make sure that whatever foreign ownership there is works to the advantage of Canada. The Conservative party is doing everything it can, by presenting amendments and intervening in the debate, to limit any attempt to control foreign ownership. I think it is important that the people of Canada know that this is the Conservative position. The Liberal position is always obvious; they do not want to do anything at all.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
LIB

Jean-Luc Pepin (Minister of Industry, Trade and Commerce)

Liberal

Hon. Jean-Luc Pepin (Minister of Industry, Trade and Commerce):

Mr. Speaker, I am amazed that a bill which does so little, qualified by some as "double zero," could be as potentially dangerous to the Canadian future as forecast by the hon. member for Edmonton West (Mr. Lambert).

What the hon. member has told us today is exactly what he told us repeatedly in the committee. I have sympathy for some of what the hon. member for Assiniboia (Mr. Knight) has said. Let us pass this bill and judge it on the basis of what will happen in the future. This is what I have been asking for. But we cannot do that if we do not pass the bill.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
PC

Marcel Joseph Aimé Lambert

Progressive Conservative

Mr. Lambert (Edmonton West):

That may be fine, but the patient will die.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
LIB

Jean-Luc Pepin (Minister of Industry, Trade and Commerce)

Liberal

Mr. Pepin:

Mr. Speaker, I would suggest that the omens are good; it is indeed almost providential that we are here today discussing this bill. Obviously, the hand of God has intervened.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
?

An hon. Member:

Yes, but he is not in the House.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

John Edward Broadbent

New Democratic Party

Mr. Broadbent:

Mr. Speaker, I rise on a question of privilege.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

Max Saltsman

New Democratic Party

Mr. Saltsman:

Mr. Speaker, on a point of order.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
LIB

Russell Clayton Honey (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

Mr. Deputy Speaker:

The hon. member for Waterloo (Mr. Saltsman) rises on a point of order.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
NDP

Max Saltsman

New Democratic Party

Mr. Saltsman:

Mr. Speaker, I think you should bring the minister to order for trying to equate the voice and the hand of the House leader with providence and the hand of God.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
LIB

Russell Clayton Honey (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

Mr. Deputy Speaker:

Order, please. I think the minister should be allowed to make his own speech and seek whatever help he can get.

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   GOVERNMENT ORDERS
Subtopic:   FOREIGN TAKEOVERS REVIEW ACT
Sub-subtopic:   MEASURE TO CONTROL FOREIGN TAKEOVERS OF CANADIAN COMPANIES
Permalink

July 4, 1972