April 19, 1932 (17th Parliament, 3rd Session)

CON

Jean Louis Baribeau

Conservative (1867-1942)

Mr. BARIBEAU (Translation):

May I,
sir, quote the views of the leading business men of my district and province. Mr. W.
G. E. Aird, manager of the Wabasso Cotton Company, states: *
That the general opinion among financiers is that the budget is a moderate and reasonable one.
Mr. Bromley Smith, manager of the Canada Iron Foundries, has this to say:
I think we are still privileged in not having to contribute more, when we compare our position with that of other countries.
Mr. Beaudry Leman, general manager of the Banque Canadienne National, states:
The balancing of the budget is an essential condition of the financial stability of the state and the maintenance on satisfactory basis of the national credit.
Workmen and employers, wage earners and those with independent means: briefly, every body is interested that the finances of the Dominion government should be on a sound
basis.
The only possible way to reach this end is that each person should contribute his reasonable quota.
On the other hand, the state must, under present circumstances, cut out useless expenditures and those which are in the luxury class.

The Budget-Mr. Baribeau
Mr. Taggart Smyth, general manager of the Savings Bank, states:
The measures adopted are governed by the needs of the hour and seem best adapted to the present circumstances. Nobody is astonished and I think that the public will welcome them.
Mr. T. J. Tibbutt, president of the Tibbutt Shoe and Leather Co., has this to say:
It is the best budget we have had for a long time past and it is much less burdensome than the United States budget. Canada, however, is less affected than most of the other countries, by the present economic crisis.
Mr. Frank I. Ritchie, manager of the Wayagamack Pulp & Paper Co., states:
The present budget is fair and equitable.
I deem it also my duty to express my thanks to the people of Champlain who have honoured me with their trust by electing me to represent them in this house.

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