May I ask

the Secretary of State for External Affairs whether there will be any implementing legislation to follow the resolution which appears on the order paper today, after this resolution has been carried?

Hon. L. B. Pearson (Secreiary of Slate for External Affairs):

No, Mr. Speaker. I do not think that this resolution of approval of the protocol will require any implementing legislation.

Mr. Graydon:

Perhaps I should not be asking the question now, but in that case will this resolution go to the standing committee on external affairs for examination?

Mr. Pearson:

That could be done, Mr. Speaker; but I had hoped that we could deal in the house itself with the resolution of approval of this protocol.

Hon. George Prudham (Minister of Mines and Technical Surveys) moved

the third reading of Bill No. 242, to amend the Emergency Gold Mining Assistance Act.

Mr. Rodney Adamson (York West):

Mr. Speaker, I have just one thing to say on this matter. We had an extensive and, I think, worth-while debate on it last week, but I have one further remark to make on third reading. It is this. There will be no solution to the problem of Canadian gold mining without an increase in the price of gold. This can be done by two methods, namely by allowing the price of gold to increase through the operation of the free market or by joint international action by edict or governmental decree. I would hope that the

former would be the method taken, because it is the economically correct method. As I have pointed out, gold is becoming extremely scarce in world trade. This is a world danger.

We have seen this country, Mr. Speaker, set an example with regard to the international bank for reconstruction. We have taken courageous action in making our initial payment to this organization available for the purposes of the bank. I suggest that the bank's actions with regard to international trade have been very helpful and very constructive. Having taken this initial action with regard to the international bank for reconstruction, we have just completely paid up our $65 million, making our subscription to this organization complete. We have taken courageous action in freeing our dollar and abolishing exchange control. We have not, however, taken similar courageous action with regard to the international monetary fund. Until we are prepared to take that necessary and desirable courageous action with regard to gold trading with the international monetary fund there can be no solution to the Canadian gold problem.

I further submit, Mr. Speaker, that had we been prepared to take that courageous and forthright action we should have met with the same degree of international approbation that our action with regard to the international bank for reconstruction has brought us.

Mr. Fleming:

May I ask the minister whether he is prepared to make any statement now on the subject of the policy of the Canadian government in regard to seeking an increase in the price of gold.

Mr. Prudham:

I have no further statement to make on this bill.

Mr. Donald M. Fleming (Eglinlon):

I will take a moment, then, to express regret that the government has no statement to make on this vitally important question. We are still dealing with a great national problem on a temporary stopgap basis. The measure that is before the house, while it must be supported by us all as far as it goes, is nevertheless nothing more than a stopgap temporary measure. I hope that before long the government is going to come to grips with this problem, and really show that it is seized of the importance of the problem and is going to make some resolute effort to persuade the United States government to increase the price that it is paying for Canadian gold, and to seek also remedial action, through the international monetary fund, to relieve the Canadian gold mining industry of some of the shackles that have been imposed upon it

as a result of the decisions of the international monetary fund to which the government of this country has been a party.

Hon. Lionel Chevrier (Minister of Transport) moved

that the house go into committee to consider Bill No. 194, to amend the Aeronautics Act.

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

On section 1-Powers administered to make regulations with approval of governor in council.

Mr. Green:

There is only one section to this bill. I wonder whether it could be called by the subsections?

The Chairman:

Is it agreeable?

Mr. Chevrier:

I have no objection.

The Chairman:

On subsection 1: shall it carry?