Mr. Chairman, I congratulate the hon. member for Lanark upon his very interesting speech, but he will pardon me if I do not share his views in that respect. We have heard a lot about the Australian treaty and the New Zealand convention, but those agreements were passed before the "shadow government" came into power. That government was in power for three months, but the agreements were not cancelled. The hon. member is on the right side of the house to make a complaint to the present Minister of Trade and Commerce, who is always ready to enter into trade relations with Australia and New Zealand. I should like to read an excerpt from the Montreal Gazette of to-day with reference to daily products. This is the latest report available. It reads as follows:
Dairy Markets Ruled Steady
No Changes In Montreal Prices Of Butter, Cheese Or Eggs
Storing Of Butter Now Starting as Receipts Exceed Requirements-April Imports Less
Wholesale prices of butter, cheese and eggs held steady at Montreal yesterday. Potatoes were a little easier. Poultry was unchanged.
The butter market continued at 21 cents to 21f cents per pound for No. 1 pasteurized creamery butter, carlots or broken lots. To the retail trade, for small quantities, solids were 23 cents and prints 24 cents per pound. Receipts were on the heavy side, 5,420 boxes; week ago, 430; year ago 109.
Most of the butter now arriving on the Montreal market is full grass butter, and dealers are starting to store some of it. Arrivals are now greater than immediate requirements. Receipts last week just over
20,000 boxes, whereas the weekly requirements of the city run from 10,000 to 12,000 boxes. Montreal exported a little over 3,000 boxes last week, leaving a few thousand boxes available for storage, for use later in the year when production falls off.
This report confirms the statement made by the hon. member for Lisgar. It continues:
The cheese market was unchanged at 10| cents to 11 cents per pound for Ontario cheese, and 10 cents for Quebec cheese. Receipts, 2,395 boxes; week ago, 372; year ago, 843.
I want to put this on record in connection with the present discussion of the results in the dairy industry. Before I conclude, may I ask a question of the minister? He spoke about the rock bottom reached by butter last winter. What was the rock bottom reached by butter when the mutual agreement was released last December?