Mr. Macdonald (Rosedale):
My original intention on rising to speak was to deal with questions of a legal and technical nature which had come to my attention in dealing with the statute in professional practice; but at the start I would like to make some observations with regard to statements made by hon. members opposite, particularly those made by the last speaker and by the hon. member for Oxford.
During the course of his travelogue the hon. member for Oxford appeared to stray far away from the point, something which was commented upon by my colleague the hon. member for Hull. I myself was somewhat baffled in trying to find what relevance his remarks had to the actual statute.
The function of the Export Credits Insurance Corporation can be likened to that of a credit department in a corporation, but the remarks of hon. members opposite appear to be related to other aspects of a corporation's business, such as sales and productive effort. I have no difficulty in associating myself with the remarks of the hon. member for Vancouver South in congratulating the management of the corporation on performing a very effective job of work. However it appears that hon. members opposite have taken the success of this particular function as a jumping off point to make some parenthetical remarks about their trade policies. I can tell them that any parenthetical remarks they may make at this time will not satisfy hon. members on this side of the house. A full and clear study must be made of Canada's trade policy, and in particular of efforts which so far have so sadly been lacking on the part of the government to achieve favourable trade agreement position for Canada in relation to some of the emerging realities in international trade.
The minister, in part, anticipated some of the remarks I was going to make, in pointing
Export Credits Insurance Act out that there will be some amendments to the strict technical terms of the statute, and in particular in accepting the amendment suggested this morning by my hon. friend from Ottawa West and the hon. member for Kingston. Members on this side of the chamber will look forward to receiving the bill at an early date in order to have the opportunity of studying it and also the opportunity of making a full presentation of our views, particularly some views which have arisen among the legal profession with regard to the actual terminology of the statute. Therefore I welcome the assurance that the bill will soon be presented to us and that this opportunity will be made available to us.
Topic: EXPORT CREDITS INSURANCE ACT
Subtopic: AMENDMENTS INCREASING LIABILITY LIMIT, ETC.