December 14, 1951

LIB

John Sylvester Aloysius Sinnott

Liberal

Mr. Sinnott:

I should like to ask a question of the hon. member who has just sat down, in order to be helpful. Does he not think if farm storage were paid there would be a tendency for the farmer to hold grain back on his farm until the latter part of the marketing season in order to gain that storage money for himself? That would then bring about far worse conditions for moving that grain.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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CCF

Hazen Robert Argue

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

Mr. Argue:

A question like that is not very sensible at a time when the farmer cannot market his grain.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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LIB

John Sylvester Aloysius Sinnott

Liberal

Mr. Sinnott:

On a question of privilege, I did not ask the hon. member for Assiniboia; I asked the hon. member for Melfort.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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CCF

Hazen Robert Argue

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

Mr. Argue:

Then you will get two answers.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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LIB

John Sylvester Aloysius Sinnott

Liberal

Mr. Sinnott:

I cannot comprehend fully the answer the hon. member gave.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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CCF

Percy Ellis Wright

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

Mr. Wright:

I do not think payment of storage on farm-stored grain would make very much difference in the amount of grain

coming forward. I do not think there are many farmers who would simply hold their grain on the farm for the purpose of getting the one cent storage on it. In the first place not many farmers are in a position to hold it if they can market it, but if they have to hold it they should get something on it.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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LIB

John Sylvester Aloysius Sinnott

Liberal

Mr. Sinnott:

Mr. Chairman-

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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?

Some hon. Members:

Sit down.

Topic:   AMENDMENT RESPECTING TENURE OF OFFICE AND SALARIES OF COMMISSIONERS
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LIB

John Sylvester Aloysius Sinnott

Liberal

Mr. Sinnott:

I am not going to sit down. I am going to say what I have to say. I want to make this clear. We all want to finish the discussion of the resolution but I want to have this point cleared up first. It is quite clear that farmers, mostly in Saskatchewan where there are big farms, hold back their grain purposely to avoid having the income tax all coming in one year.

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CCF

Hazen Robert Argue

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

Mr. Argue:

Has the government given any consideration to making the 25 per cent guarantee applicable to credit unions? We have a number of large credit unions in Saskatchewan and in other provinces of western Canada, that have been most successful. They are engaged day to day in the lending business. Has any consideration been given to extending to them the same guarantee as to the banks?

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LIB

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

Liberal

Mr. Howe:

A good deal of consideration

was given to who would do the lending. At first we thought the logical agency would be the elevator companies, and I must say the Saskatchewan pool was very co-operative in agreeing to arrange that and share part of the loss. However, on going into the situation it was found there were protests that elevator agents were not in the habit of filling out forms, that they were not bankers and were terrifically busy doing the job of running the country elevators. There was only one agency that was favourable to that plan. We gave it up as impractical. Then we looked at other sources of lending and decided that the chartered banks were the logical agencies. They undertook to do the job, somewhat reluctantly it is true; they agreed to carry out the letter and spirit of the act. I think the suggestions that have been made that the banks will not do a thorough job in looking after the needs of western Canada under this legislation are unfounded. We cannot go beyond the chartered banks. There are reasons for that. It is not possible to extend the same lending privilege to the credit unions, and I do not think it is necessary for this very short term financing.

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PC

James Arthur Ross

Progressive Conservative

Mr. Ross (Souris):

I want to ask a question that has a bearing on farm storage. Is it not a fact that a certain amount of grain is carried for a while in the terminals and the

expense is pooled to till wheat producers in the final settlement through the wheat board? There are certain charges at the terminal elevators that are ultimately pooled to all producers through the wheat board.

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LIB

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

Liberal

Mr. Howe:

Storage in country elevators and in terminals at Fort William is a charge on the wheat board. Of course when the wheat gets beyond Fort William storage is a charge on the purchaser.

Resolution reported, read the second time and concurred in.

Mr. Howe thereupon moved for leave to introduce Bill No. 44, to provide for shortterm credit to grain producers in the prairie provinces to meet temporary financial difficulties arising from inability to complete harvesting operations or to make delivery of grain.

Motion agreed to and bill read the first time.

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LIB

Alphonse Fournier (Minister of Public Works; Leader of the Government in the House of Commons; Liberal Party House Leader)

Liberal

Mr. Fournier (Hull):

May 1 ask hon. members if they will agree to let us pass the resolution under item 14 on the order paper. This is the measure to authorize the Canadian National Railway Company to make capital expenditures not exceeding a certain amount. If we could secure agreement to pass the resolution we would have the bill tomorrow and I would put it on the order paper for tomorrow. I think it is largely a formal resolution, and I believe the debate could take place tomorrow if the financial critic of the opposition will agree.

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PC

James MacKerras Macdonnell

Progressive Conservative

Mr. Macdonnell (Greenwood):

The resolution appears to follow the usual form, and I do not see any reason why we should not let it pass tonight.

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CANADIAN NATIONAL RAILWAYS

PROVISION FOR AUTHORIZATION TO MAKE CAPITAL EXPENDITURES, TO ISSUE SECURITIES, ETC.

LIB

Alphonse Fournier (Minister of Public Works; Leader of the Government in the House of Commons; Liberal Party House Leader)

Liberal

Hon. Alphonse Fournier (for the Minister of Finance) moved

that the house go into committee to consider the following resolution:

That it is expedient to bring in a measure to authorize the Canadian National Railway Company to make capital expenditures not exceeding $55,581, 816 for the purpose of meeting the commitments that have been incurred by the national railway system in the year 1951 in respect of new equipment; to authorize the national company to issue securities to provide amounts required for the authorized expenditures; to provide that the aggregate principal amount of securities, not including any securities issued to secure temporary loans made by the Minister of Finance, outstanding at any time

Canadian National Railways shall not exceed $55,581,816; to authorize the governor in council to guarantee the principal and interest of securities issued by the company for the purpose aforesaid; to authorize the Minister of Finance to make temporary loans to the said company secured by such securities and not exceeding $55,581,816 in principal amount to enable the said company to meet such expenditures and with authority to give financial aid and assistance to other companies of the said national system.

Motion agreed to and the house went into committee, Mr. Dion in the chair.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION FOR AUTHORIZATION TO MAKE CAPITAL EXPENDITURES, TO ISSUE SECURITIES, ETC.
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PC

James MacKerras Macdonnell

Progressive Conservative

Mr. Macdonnell (Greenwood):

I notice that the minister is not here. I think that any questions I wish to ask can be asked when we see the bill.

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION FOR AUTHORIZATION TO MAKE CAPITAL EXPENDITURES, TO ISSUE SECURITIES, ETC.
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PC

Agar Rodney Adamson

Progressive Conservative

Mr. Adamson:

Does this represent any

new construction, or is it just to cover the annual deficit?

Topic:   CANADIAN NATIONAL RAILWAYS
Subtopic:   PROVISION FOR AUTHORIZATION TO MAKE CAPITAL EXPENDITURES, TO ISSUE SECURITIES, ETC.
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December 14, 1951