John Leslie Evans
Liberal
Mr. John Evans (Ottawa Centre):
Mr. Speaker, on Friday, December 7, the Prime Minister made a statement in the House to the effect that the government would tax away 100 per cent of additional revenues accruing to the oil companies as a result of any oil price increases. This sent the Toronto Stock Exchange oil price index crashing 109 points and caused panic in the Toronto and New York investment communities before the right hon. gentleman's office could clarify the position. I would therefore move, seconded by the hon. member for Vercheres (Mr. Loiselle):
That in light of the Prime Minister's continuing obsession with contradictory and confusing statements, from now on the North American investment community be instructed to check with the office of the Prime Minister before believing anything he says.
Subtopic: NATIONAL REVENUE
Sub-subtopic: PRIME MINISTER'S STATEMENT ON TAXING ADDITIONAL REVENUES OF OIL COMPANIES-MOTION UNDER S O. 43