April 10, 1951 (21st Parliament, 4th Session)

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James Lorimer Ilsley

Mr. Ilsley:

I said nearly $8 billion a year between
1942 and 1946, to buy goods and services, which in fact cost them on the average not quite $6-5 billion a year. If hon. gentlemen want to know how that is arrived at they can procure table 11, gross national expenditure at market prices, 1938 to 1946, issued by the bureau of statistics, which shows the personal expenditure on consumer goods and services for each of the years from 1938 to 1946; and if the amount spent had increased proportionately to the increase in prices in the first great war, the amount spent would have averaged $8 billion in those years instead of the $6J billion which the consumers actually did spend.

Topic:   COST OF LIVING
Subtopic:   AMENDMENT, MR. DREW
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