May I ask the hon. gentleman a question? Is is not likely that those industrial investments would toe earning more than five per cent, and is not that a reason why investors would not withdraw from industrial investments in favour of the war bonds?
Topic: WAYS AND MEANS.
Subtopic: INCOME TAX PROPOSAL.
We tried this out locally in Winnipeg and Brandon last year. Brandon stood it for one month, but as it was more difficult to abolish it at Winnipeg it lasted during the summer. When the council was called upon this spring to express itself with regard to daylight saving, it unanimously decided to go back to the old, tried and reliable time which has stood us in good stead for a great many centuries and is good enough for us now. People will not go to bed, even although the clock shows 11 o'clock. They will say: It is not eleven o'clock, it is only ten o'clock and are going to stay up another hour. In my opinion the farmers of western Canada are almost a unit against the adoption of this Bill and in favour of the system that we have at present. Coming from the West, where we have a tremendous amount of daylight, it occurs to me-and I say this without the slightest desire to be offensive -that, with a temperature of 81 degrees of this House and the session nearing the first of August, we might be occupying our time better with some other measures than talking about saving'daylight.