My remarks will be very brief. I have had occasion many times in this house to express my opinions concerning the status of the unemployment insurance fund. I referred to this situation when I spoke last night on the first item of the estimates of the Department of Labour.
The hon. gentleman who just resumed his seat has acknowledged that the fund is presently in danger, and I would say to him that it is not necessary to be an authority on securities in order to see that the fund is indeed in great danger. The hon. member went on to say that in its present condition this fund is less an insurance fund than a general welfare fund. When the unemployment insurance commission was created under a Liberal administration it was created to be an insurance fund, and it was maintained as such by the former administration.
Topic: EXTERNAL AFFAIRS
Subtopic: DEPARTMENT OF LABOUR