June 4, 1942 (19th Parliament, 3rd Session)

SC

John Horne Blackmore

Social Credit

Mr. BLACKMORE:

He has increased the revenue of this country tremendously since the war broke out. He has come before us each budget speech and pointed out how greatly the revenues have increased. Those revenues have increased largely because of the increased income of the dominion; the increased income has developed as the result of increased production of the dominion; increased production in the dominion has come as the result of increased investments in the dominion; in many instances those investments have come from loans, and in many instances they have been loans from the dominion government. The loans have resulted in greater production, the greater production [Mr. Blackmore.l
has resulted in greater income; and the greater income has resulted in greater revenue, without unnecessarily raising the rate of taxation.

Topic:   FINANCE
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