June 30, 1972 (28th Parliament, 4th Session)

Mr. Gerard Duquet (Parliamentary Secretary to Minister of Transport):

The St. Lawrence Seaway Authority advises as follows: 1. There was no operating deficit in the years 1968, 1969 and 1970. The Montreal-Lake Ontario section earned an operating profit (i.e. before providing for interest and for replacement of machinery and equipment) which was greater than the deficit on the Welland Canal. The following are the Canadian operating results for these years:
Questions
1969
(000's $)
Operating Profits (Losses) Montreal-Lake Ontario Section $13,576.5 10,133.0 12,476.3

Welland
Canal

2. There are five Canadian locks and two United States locks in the Montreal-Lake Ontario section. By agreement the tolls revenue of this section is now divided between Canada and the United States in the ratio of 73:27. There is no sharing of costs. The following are the United States operating results for these years:
(000's $)
Operating Profits (Losses)
Montreal-Lake Ontario Section
1968 $ 4,726.0
1969 3,668.1
1970 4,541.4

All revenues collected on the Welland Canal accrue to Canada which bears the entire cost of the operation.