That is a good place for it too.
Our own Prime Minister, speaking here on June 22, was asked by the hon. member for Prince Albert whether he would be opposed to any extension of the British preference. This is the Prime Minister's answer, as recorded at page 5284 of Hansard:
That is not correct as a general statement. The matter will have to be considered in all its aspects and of course in the light of its possible repercussions upon the general tariff and trade arrangements which are still in force and which have proved to be of quite substantial benefit to Canadian trade.
The Prime Minister obviously is not very much interested in the preferences, and I think the Minister of Trade and Commerce is even less interested than the Prime Minister. Canada should be buying more in the commonwealth and less in the United States, but there is very little indication of a policy of that kind being adopted.
Finally, the amendment proposes that wider financial participation by Canadians in the development of Canadian resources should be fostered. Even the members of the government admit that this situation should be remedied, but what do they propose to do about it? So far, we have heard no proposal which would meet that situation. Tax exemptions? No, not a word about that. Tax reductions? Oh, no, they are holding off the reduction in taxation in order to help them win an election next year, although there are surpluses now in the moneys coming into the treasury.
Perhaps this is the most important point of all, because here is a case where a vision could be held out before the Canadian people, a vision of Canada for Canadians. The president of the University of British Columbia summed up the picture very neatly when he spoke in Rochester, New York, about a month ago. President Norman A. M. MacKenzie is not a politician, is not a partisan in any sense of the word. He is one of the outstanding Canadians today. Here is what he told an audience at the University of Rochester:
He said Canada is delighted to have United States capital in the country.
But "some of us like being Canadians and want to remain Canadians, and we are not unaware of the influences and pressures infiltration and intervention of this kind bring with them and imply".
Topic: TABLE I
Subtopic: SUMMARY OF ESTIMATED EXPENDITURES ON RESEARCH BY FEDERAL GOVERNMENT