Mr. KENNEDY (Peace River):

He was contrasting these sections with what John I. McFarland had been doing during the last few

years.

Mr. KENNEDY (Peace River):

I un saying that his statement is capable of that interpretation.

Mr. KENNEDY (Peace River):

It would be a disastrous policy.

Mr. KENNEDY (Peace River):

If I understood the hon. member, the interpretation he placed upon these sections was that they meant something vastly different to what Mr. McFarland was doing. If I understood him correctly, he interpreted the policy of the government put into effect through John I. McFarland as being one of holding rather than of selling wheat.

Mr. KENNEDY (Peace River):

I want to deal for a moment with the amendments that have been suggested and accepted. The hon. member for Shelburne-Yarmouth (Mr. Ralston) this morning called attention to the bill, paragraphs (b), (c) and (j). If I followed him correctly-he was looking the other way and I did not catch every word he uttered-he called attention to the language of paragraph (b) which says that the board may market wheat "for such price as it may consider reasonable, with the object of promoting the sale and use of Canadian wheat in world markets." Then he referred to paragraph (c), which reads:

(e) to sell and dispose of stocks of wheat and contracts for the delivery of wheat acquired from Canadian Cooperative Wheat Producers Limited and the whe \t represented by such contracts as speedily as may be reasonably possible, having regard to economic and other conditions.

And then paragraph (j)

(j) to offer continuously wheat for sale in the markets of the world through the established channels.

The hon. member said that the pool had not a sales policy. He criticized the sales policy as not being a sales policy, criticized the government and the pool acting through John I. McFarland. But as a matter of fact they have marketed since 1930 about one billion bushels directly and indirectly, and about 600 million bushels in the last few years, and they have piled up a surplus of roughly 100 million bushels since 1930. Can it be said that that was holding wheat and not selling it? I do not think that is a fair statement at all. But the dangerous thing is this, Mr. Chairman. I do not know any witness who appeared before the committee and suggested that it would be a good thing to throw this surplus rapidly on the market. I think they were all opposed to it, but the danger is that the country and the world will interpret the hon. member's statement on these clauses as meaning that we are going to dispose of this surplus as rapidly as possible, and I hope that when the Prime Minister speaks on this section he will indicate, as he indicated in his speech some days ago, that they have no intention of dumping the surplus.