April 13, 1933 (17th Parliament, 4th Session)

LIB

Charles Gavan Power

Liberal

Mr. POWER:

At any rate I stated its
purpose quite frankly. There was no hypocrisy about it, I admitted it was gambling. The final paragraph of .the order in council of April 12, 1933, reads:
The minister finally recommends that should the Relief Act, 1933, expire and no renewal or further extension of the powers therein contained be then exacted, and any portion of such advances or interest to wheat producers be unpaid to the said banks, wheat producers shall pi'oceed to sell and dispose of all wheat and other grains, if any, in its possession or control acquired under the guarantee of the governor in council and shall proceed to sell and dispose of all contracts entered into and falling within the guarantee of the governor in council for the future delivery to it of wheat and other grains. Application of the amounts realized, less expenses, shall be made against such advances and interest, and thereupon the governor in council, on the recommendation of the Minister of Finance, shall determine the date at which payments are to be made in pursuance of this guarantee.
I am not quite sure just what that means, but it looks as though when the Relief Act, 1933, is about to expire the government will be able to come to us and say: Unless you pass this act at once we are going to dump so many million bushels of wheat upon the market, and think what the results will be in western Canada! I cannot see any other reason for it. They are going to order the sale of this wheat before the Relief Act expires, and if it does not, apparently the wheat will have to be disposed of.
There is one other point: I have not the order in council before me, but perhaps the minister cau give some explanation of it. It is an order in council passed a month or so ago. dealing with advances made to farmers. It is all mixed up and rather confused in the minds of those who are not familiar with the wheat situation. It relates that an advance of thirty-five cents has been made under the pool plan as an initial payment to the farmers. It goes further and relates that it is not likely that any additional payment would be justified. Then it says further that even

Supply-Trade-Grain Act
though such additional payment may not be justified, the government authorizes an interim payment of five cents a bushel to persons who have delivered their wheat under the pool plan and that such wheat amounts to about 13,000.000 bushels. As I interpret this order in council, it means this: that people in western Canada who were hard pressed for money last fall and sold their wheat outright will receive only the amount which they got at that time; that those who were able to hold their wheat and carry it according to the pool plan, received an initial payment of thirty-five cents and will now be given five cents more than the men who were so hard up that they had to sell. If that is the wrong interpretation, I shall be glad to get an explanation from the minister.

Topic:   TRADE AND COMMERCE
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