March 10, 1948 (20th Parliament, 4th Session)

PC

William Earl Rowe

Progressive Conservative

Mr. ROWE:

And it was not only a pound of butter. I can well recall what happened in those years. All one has to do is to go back and search the records to find out how much trade we had in agricultural products with the United States, and compare the figure with our trade in 1930. The fiscal policy in those years was of a most haphazard and uncertain type.
We find that between 1921 and 1930 not only was the balance of trade unfavourable to Canada, but there were more people leaving this country and going to the United States
Excise Tax Act Amendment

than were being bom here or coming to Canada. And today we have a similar situation.
But those who have been maintaining almost every tariff enacted by the Liberal party have always worn the mantle of free trade, have always worshipped at the shrine of laissez faire in trade, and have said, "Sell where you can sell the highest, and buy where you can buy the cheapest." They have talked free trade in western Canada and maintained protection in eastern Canada during all those years. They have twitted our party for having a brick-for-brick policy in tariffs. But never before have we seen such prohibitory measures against international trade as those we have now been forced to adopt.
I am not going to review the exchange situation. But surely even the Minister of Finance, in some of his quiet moments in private-when he is not disturbed by having to watch those of us on this side of the house -must have had some doubts as to the wisdom of the fundamental reasoning of these developments in 1947.

Topic:   WAYS AND MEANS
Subtopic:   EXCISE TAX ACT AMENDMENT
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