Mr. John C. Crosbie (St. John's West):
Mr. Speaker, I rise under the provisions of Standing Order 43 on a matter of urgent and pressing necessity. In view of the statement in the House of Commons by the Minister of Finance (Mr. Chretien) on Monday, in reply to a question posed by the Leader of the Opposition (Mr. Clark) as to whether it was the intention of the government to draw on the stand-by credit of $1.5 billion arranged last September, that "The answer is no, Mr. Speaker", and in view of the statement of the Minister of Finance in the House of Commons yesterday, when asked by the member for York-Simcoe (Mr. Stevens) whether he stood by his statement of last Thursday, that "We do not intervene in the marketplace and we let the value of the dollar fluctuate according to the market situation", and "Mr. Speaker, the policy is still the same", and in view of the completely opposite actions announced last night by the minister that foreign loans were to be arranged for support of the sagging Canadian dollar, I move, seconded by the hon. member for Don Valley (Mr. Gillies):
That this House unanimously resolve to award the Minister of Finance the Baron Munchausen Award for the most extravagantly mendacious story of this present parliament, and that the Minister of Finance have the length of his nose checked on an hourly basis in order to attempt to avoid the Pinocchio virus that at one time afflicted the hero of the famous Italian saga.
Sub-subtopic: VALUE OF CANADIAN DOLLAR-MOTION UNDER S.O. 43