December 17, 1947

PC

James MacKerras Macdonnell

Progressive Conservative

Mr. MACDONNELL (Muskoka-Ontario):

I argued for you. You made it ninety and you made it stick. I applauded you for that.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

We were being careful. [DOT]

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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CCF

Major James William Coldwell

Co-operative Commonwealth Federation (C.C.F.)

Mr. OOLDWELL:

That is control.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

Reference has been made to, and some ridicule has been poked at, my optimism. I stated in a speech a while ago that I thought this campaign for balancing our United States dollar position could be made effective. I believe that we will win that objective, and I believe that if every man and every institution in this country will get behind it, it can be won within a reasonable time. I said I was basing my opinion on my experience, and my experience was that from the time the dollar crisis appeared in 1941, the situation had been corrected in about nine months' time.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

James MacKerras Macdonnell

Progressive Conservative

Mr. MACDONNELL (Muskoka-Ontario):

Under war conditions.

386

Foreign Exchange Conservation

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

Yes, under war conditions. I might mention conditions were more favourable then than now. Then we had an economy that was under control. We had a people that were 'behind the government and we had an opposition hoping that we would succeed. If you look back at the debates in parliament in those days, you will find no carping opposition to the efforts of the government to meet a situation which was similar to the one we are contending with now.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

James MacKerras Macdonnell

Progressive Conservative

Mr. MACDONNELL (Muskoka-Ontario):

We know you would like that now, too.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

I said that our program for meeting the emergency was a program of increased production. Fortunately that program does not depend on legislation by parliament; it has been underway for some weeks. And, I may say, with some success. A few weeks ago I called up the president of a company which I knew had unused productive capacity in this country. I told him that we had a job to do and that we needed his contribution to the doing of that job. He called me this morning to say that he had succeeded in doing what I had asked him to do, that he had sold the production from his unused capacity, that the value of the contract was about $50 million, United States, and that he will be starting to expand his operations without delay.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

Alan Cockeram

Progressive Conservative

Mr. COCKERAM :

Over how long a period?

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

I will just let it go at that.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

Alan Cockeram

Progressive Conservative

Mr. COCKERAM:

No.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

If the hon. member wants to ask a question, let him stand up on his feet and ask it. What is the question?

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

Alan Cockeram

Progressive Conservative

Mr. COCKERAM:

Over how long a period was this S50 million contract spread?

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

I said that he had sold the production of his unused capacity at a price of $50 million.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

Alan Cockeram

Progressive Conservative

Mr. COCKERAM:

I asked the question, over how long a period? The minister has made a statement. I think he should answer my question: over how long a period does that $50 million spread.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
Permalink
LIB

Clarence Decatur Howe (Minister of Reconstruction and Supply)

Liberal

Mr. HOWE:

The answer would require some computation; but, failing that, I can say that the period is comparatively short.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

Alan Cockeram

Progressive Conservative

Mr. COCKERAM:

Twelve months?

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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LIB

William Ross Macdonald (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

Mr. DEPUTY SPEAKER:

Order. I may say that there have been too many interruptions by hon. members-

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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?

An hon. MEMBER:

Hear, hear.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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PC

Gordon Graydon

Progressive Conservative

Mr. GRAYDON:

The voice of experience over there.

Topic:   FOREIGN EXCHANGE CONSERVATION
Subtopic:   PROHIBITION OF CERTAIN IMPORTS AND PROVISION FOR IMPORT QUOTAS AND PERMITS
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December 17, 1947