The legislation contemplated in this resolution is of a character which I am sure will commend itself to any who have been engaged or interested in the mining industry. The fault I find with it is that its scope is not broad enough. I agree with the hon. member for Parry Sound in that it should include prospectors as well as companies, or other individuals, who might be engaged in the mining industry.
One perhaps might wonder why I have anything to say in respect of this matter, but I can tell the committee that I spent the early days of my professional career in the mining country. Since that time I have been interested in the development of mining and, like many others, I have been connected with syndicates, and with the backing of prospectors who have gone into the wild areas of Canada in conquest of minerals of one kind and another.
When I hear talk to-night about Cobalt, I hear it from men who quite evidently know nothing, or very little, of the history of Cobalt.
I was there in the early days of that camp. The reason why cobalt is brought into this country from Africa is that it can be brought here cheaper than it can be mined in our own country.
Subtopic: INCOME WAR TAX ACT