June 14, 1935 (17th Parliament, 6th Session)

CON

Richard Bedford Bennett (Prime Minister; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Mr. BENNETT:

It is, unfortunately. What happened? A gang of internationalists were operating. What happened the other day in France to their franc? Why did they have to deal with that situation? What did they try to do in this country with respect to our wheat? Now who holds that short interest? It is no wonder that the hon. member for Macdonald said that the carryover would be the figure he mentioned. I had not thought that it was perhaps wise to make a statement of this kind the other day but I am compelled
Grain Board-Mr. Bennett

to make it in view of tihe misrepresentations and misstatements that 'have been made in this house.
There you have your visible supply, known to all people, published to the world, 200 million bushels. There you have this wheat organization holding in cash wheat and futures as Mr. McFarland has indicated, 225 million bushels, and entitled to receive wheat for payment; the farmers, millers and other interests are estimated to have 10 million bushels or thereabouts. That would mean a shortage of 35 million bushels, or if you disregard the 10 million bushels, a shortage of 25 million bushels. Is it any wonder that they are looking with joy to see if we are going to dump Canadian wheat on the market? Is it any wonder that they are getting joy from that editorial in the Free Press in which it says:
Any sensible business would say that the right course now is to remove the controls and see what can be done, in the way of speeding up trade and getting back lost markets by free selling.
Is it any wonder that this journal of the Siftons says that?

Topic:   CANADIAN GRAIN BOARD
Subtopic:   PURCHASE, STORAGE AND MARKETING OF WHEAT AND OTHER GRAINS
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