Mr. REID (Mackenzie):
I am sorry
that the right hon. Prime Minister has left the chamber, but I should like to press my idea a little further in regard to the housing plan. The Bill does not mention housing, but the Prime Minister introduced
the subject. I am in entire accord with all the good things that have been said about the hon. member who has had charge of this committee, and I should like to have an expression of opinion from him on this subject. I think if he will look into this matter he will admit that it is only fair that the three governments, municipal, provincial and federal, should each carry one-third of the cost of depreciation, whether the period be for three or five years. We all realize that there will be quite a depreciation in the cost of building in the very near future. I claim it is not fair to lay all the burden of this loss upon the municipality. As a matter of fact, that is one of the reasons why the Provincial Governments have not taken advantage of borrowing this money from the Federal Government-they did not consider it fair to put all the burden of depreciation upon the municipalities. As I said before, the Federal' Government adopted a similar principle in respect to the cost of looking after the unemployed. That is a good principle, and constitutes a precedent which the Federal Government should follow in regard to the housing problem and bear one-third of the cost of depreciation.