Mr. Sinclair Stevens (York-Simcoe):
Mr. Speaker, I ask for the unanimous consent of the House under the provisions of Standing Order 43 to move a motion on a matter of urgent and pressing necessity.
Whereas recently released figures show the government spent in a few days nearly $803 million of our U.S. dollar reserves supporting the falling Canadian dollar, but those figures do not include the final day of transactions in November, net future forward positions and the impact of our chartered banks losing $925 million in their net foreign currency assets in recent weeks, I move, seconded by the hon. member for Saskatoon-Biggar (Mr. Hnatyshyn):
That this House request the Minister of Finance to table the day to day exchange fund deliveries for the month of November and the first ten days of December, for which there is a precedent in that on October 18, 1962 this House ordered such a tabling pursuant to the motion of John N. Turner, a subsequent Minister of Finance, following a dollar decline of minor importance in terms of reserve spending compared to our reserve outflow of recent weeks.
Sub-subtopic: REQUEST FOR TABLING OF EXCHANGE FUND DELIVERIES FOR NOVEMBER AND PART OF DECEMBER-MOTION UNDER S O. 43