May 22, 1951

LIB

Elie Beauregard (Speaker of the Senate)

Liberal

Mr. Depuiy Speaker:

In my opinion the "nays" have it.

And more than five members having risen:

Topic:   COST OF PRODUCTION
Permalink
LIB
?

Some hon. Members:

Carried. Mr. Blackmore: Mr. Speaker-

Government Financial Policy

Topic:   COST OF PRODUCTION
Permalink
?

Some hon. Members:

No.

Topic:   COST OF PRODUCTION
Permalink
LIB
SC

John Horne Blackmore

Social Credit

Mr. Blackmore:

Mr. Speaker, you did not make clear what question you were calling.

Topic:   COST OF PRODUCTION
Permalink
LIB
LIB

Clarence Decatur Howe (Minister of Defence Production; Minister of Trade and Commerce)

Liberal

Mr. Howe:

There is only one question

before the house.

Topic:   COST OF PRODUCTION
Permalink
LIB

Elie Beauregard (Speaker of the Senate)

Liberal

Mr. Speaker:

There was only one question before the house. 1 do not wish to be unfair to the hon. member, but I thought I had waited a sufficient length of time.

Topic:   COST OF PRODUCTION
Permalink
LIB

Clarence Decatur Howe (Minister of Defence Production; Minister of Trade and Commerce)

Liberal

Mr. Howe:

Certainly you did.

Topic:   COST OF PRODUCTION
Permalink
LIB

GOVERNMENT FINANCIAL POLICY

PROVISION OF DEBT-FREE MONEY

SC

John Horne Blackmore

Social Credit

Mr. J. H. Blackmore (Lethbridge):

Mr. Speaker, I desire first of all to associate myself with the expressions of the hon. member from Saskatchewan who spoke recently on the wheat question.

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink
?

Some hon. Members:

Order.

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink
SC

John Horne Blackmore

Social Credit

Mr. Blackmore:

I rise to voice a grievance against the practice of the government of Canada.

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink
?

An hon. Member:

Why?

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink
SC

John Horne Blackmore

Social Credit

Mr. Blackmore:

My grievance is that His Majesty's present government in Canada has mismanaged the financial affairs of Canada-

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink
?

Some hon. Members:

No.

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink
SC

John Horne Blackmore

Social Credit

Mr. Blackmore:

*-and that as a result there is obvious danger to the people I represent in this house. Specifically, Canada's Department of Finance is failing to keep enough money circulating in the hands of the appropriate people to ensure the health of the body economic of Canada.

Money has been fittingly characterized as the bloodstream of any community's economy. It is essential therefore for the economic health of Canada that money should visit regularly in adequate quantities every unit of the Canadian community.

In this age of abundance in which we live, abundance resulting from the employment of machines, solar energy and technological skills, it is no longer possible for any government to maintain adequate working circulation of money in the state with only debt-money at its disposal.

To help focus attention upon the thesis I desire to dwell upon, may I place before the house two monetary pronouncements of compelling significance for these times we live

3304

Topic:   GOVERNMENT FINANCIAL POLICY
Subtopic:   PROVISION OF DEBT-FREE MONEY
Permalink

May 22, 1951