December 4, 1979

NDP
LIB

Gérald Laniel (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The Chairman:

Order, please. I have to hear the point of order.

Topic:   ROUTINE PROCEEDINGS
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PC

John Horton McDermid

Progressive Conservative

Mr. McDermid:

Mr. Chairman, I think the figures which are being used by the hon. member are completely inaccurate. Five years ago at this particular time the interest rate for a mortgage when I refinanced my home was 12'/2 per cent. The hon. member is standing here telling us it was 10 per cent and 11 per cent, and the figures he is giving are on mortgage rates which are not in existence today.

Topic:   ROUTINE PROCEEDINGS
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DESIGNATION OF ALLOTTED DAY

PC

Walter David Baker (Minister of National Revenue; President of the Privy Council; Leader of the Government in the House of Commons; Progressive Conservative Party House Leader)

Progressive Conservative

Hon. Walter Baker (President of the Privy Council and Minister of National Revenue):

Mr. Speaker, as a result of the agreement that was made among House leaders, the usual fifth day in this supply period is to be added to those for considering the main estimates of 1979-1980. Therefore, 1 would like to move, with the unanimous consent of the House, that Thursday, December 6, 1979, be the final allotted day in the supply period ending December 10, 1979.

Topic:   ROUTINE PROCEEDINGS
Subtopic:   DESIGNATION OF ALLOTTED DAY
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LIB

Gérald Laniel (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The Chairman:

The hon. member will agree with me that he can challenge these figures in his own speech in due time, but he has to recognize that his point is only a question of debate.

Topic:   ROUTINE PROCEEDINGS
Subtopic:   DESIGNATION OF ALLOTTED DAY
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NDP

David Orlikow

New Democratic Party

Mr. Orlikow:

Mr. Chairman, the hon. member can check the figures very easily. When this government took office in May of this year, the mortgage interest rate was 11 per cent. The mortgage interest rate about ten days ago was 14% per cent. On a $30,000 mortgage the difference in payments for the year as between a rate of 14% per cent and a rate of 11 per cent when the government took over is $956. If you reduce the 14% per cent by 1 per cent-if it is now 13% per cent-the increase over the 11 per cent rate in May is $696. What does a person get in the next year as a result of the government's mortgage interest deduction? A maximum of $312! And the reduction because of property tax is $62.50, so the total which any person can claim is $375. I suggest-

Topic:   ROUTINE PROCEEDINGS
Subtopic:   DESIGNATION OF ALLOTTED DAY
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NDP

Stanley Howard Knowles (N.D.P. House Leader)

New Democratic Party

Mr. Knowles:

Yes, Mr. Speaker, this is in accord with the discussions we have had.

Topic:   ROUTINE PROCEEDINGS
Subtopic:   DESIGNATION OF ALLOTTED DAY
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LIB

Gérald Laniel (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

Mr. Deputy Speaker:

Am 1 to conclude that this is to be made an order of the House?

Topic:   ROUTINE PROCEEDINGS
Subtopic:   DESIGNATION OF ALLOTTED DAY
Permalink
?

Some hon. Members:

Agreed.

Topic:   ROUTINE PROCEEDINGS
Subtopic:   DESIGNATION OF ALLOTTED DAY
Permalink

PROCEEDINGS ON ADJOURNMENT MOTION


A motion to adjourn the House under Standing Order 40 deemed to have been moved.


LIB

Gérald Laniel (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The Chairman:

Order, please.

Topic:   PROCEEDINGS ON ADJOURNMENT MOTION
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NDP
LIB

Gérald Laniel (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The Chairman:

Order, please. It being ten o'clock, it is my duty to rise, report progress, and request leave to consider the bill at the next sitting of the House. Is that agreed?

Topic:   PROCEEDINGS ON ADJOURNMENT MOTION
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?

Some hon. Members:

Agreed.

Progress reported.

Topic:   PROCEEDINGS ON ADJOURNMENT MOTION
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PC

Walter David Baker (Minister of National Revenue; President of the Privy Council; Leader of the Government in the House of Commons; Progressive Conservative Party House Leader)

Progressive Conservative

Mr. Baker (Nepean-Carleton):

Mr. Speaker, I have had some discussions with the chief opposition whip and the House leader of the NDP, and I wonder if we could revert to motions for just a few moments.

Topic:   PROCEEDINGS ON ADJOURNMENT MOTION
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LIB

Gérald Laniel (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

Mr. Deputy Speaker:

Hon. members have heard the request of the President of the Privy Council (Mr. Baker). Is there agreement to reverting to motions?

Topic:   PROCEEDINGS ON ADJOURNMENT MOTION
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December 4, 1979