Mr. P. T. Hellyer (Davenport):
Mr. Speaker, I rise at this time on behalf of the people of Davenport, whom I have the honour to represent. The constituency of Davenport is situated in what was formerly known as the town of York. It is now known from coast to coast, yes even across the seas, as Liberal Toronto. The people of Davenport are ordinary people, and most of them, like myself, are forced to work for a living for reasons that are entirely beyond their control. We in Davenport do not claim high mountains, broad rivers, great mines, or any of the other natural legacies so proudly enumerated by the people of other areas in this great dominion. We do, however, have great respect for
my illustrious predecessor, Dr. J. R. MacNicol, who is a great Canadian, a fine gentleman, and one who does not wish to damn anything -with the probable exception of the south Saskatchewan river.
The people of Davenport are sensible people, and most of them do not make unreasonable demands on government. They only seek a reasonably buoyant economy, one which will provide employment and opportunity for individual initiative, along with a certain amount of collective security to take care of those hazards which are handled so well by means of the insurance principle. It is because of those modest requirements, and the way that they have been and are still being taken care of by the present administration, that I should like to take this opportunity of congratulating the Minister of Finance on the consistent economic policy he has followed in the presentation of his several budgets. It must have required a great deal of intestinal fortitude to present the first two budgets containing the extremely high taxes and restraints that were necessary to control the inflationary tendencies of that time. They were definitely unpopular, and justifiably so in the minds of some people who are prone to criticize.
Then, last year a much more pleasant task devolved upon the minister in that, still in line with his policy, it was necessary to relax some of the restrictions and reduce taxes.
Subtopic: ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE