April 8, 1914 (12th Parliament, 3rd Session)


William Foster Cockshutt

Conservative (1867-1942)


I can tell my hon. friend that very easily. They are always very ready to sell to you, but they are never ready to buy from you. If my hon. friend knows anything about the returns, he knows that for every dollar we sell to the United States they sell from three to four dollars to us. It is an easy thing to buy; and my hon. friend and some of his friends opposite have the idea that the more you buy the better off you are; the more you buy abroad, the better the country is. I have heard several hon. gentlemen opposite preach that doctrine; they do not take any stock in the balance of trade. A man that buys more than he sells will soon go into bankruptcy; but my hon. friend would let us go on buying four or five times as much from the United States as we sell to them, and say: What a trade we have with the United States! My hon. friend knows that his best market is in Great Britain. The people of Great Britain can yet take his wheat; they are the only people in the world who are taking more from us than they are sending to us.

Subtopic:   THE BUDGET.
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