March 6, 1928 (16th Parliament, 2nd Session)

LIB

Ernest Lapointe (Minister of Justice and Attorney General of Canada)

Liberal

Mr. LAPOINTE:

In the United States.
But my friends over there say: We are carrying on this campaign for the purpose of attacking the fiscal policy of this government. One of their arguments to which I wish to address myself is that Canada is the only country in the world that has reduced its tariff since the war. They are right. And we are proud of it. They claim that eighty countries have raised their tariff-they may be right-and that Canada has adopted what they call "the foolish policy of tariff reduction." I repeat, we are proud of it. But is that a foolish policy? Mr. Speaker, the League of Nations at its assembly of 1926 decided to summon an economic conference of all the nations of the world. The reason given, as I read it, was:
The assembly of the League of Nations declared itself "firmly resolved to seek all possible means of establishing peace throughout the world" and affirmed its conviction that "economic peace will largely contribute to security among the nations."
In the economic conference at Geneva in the spring of 1927 fifty nations were represented. They discussed economic world conditions, and here is what I find in the report of the conference. I will read only a couple of sentences.

Topic:   THE BUDGET
Subtopic:   DEBATE ON ANNUAL FINANCIAL STATEMENT OF MINISTER OF FINANCE
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