George Gibson COOTE

COOTE, George Gibson

Personal Data

Party
United Farmers of Alberta
Constituency
Macleod (Alberta)
Birth Date
August 18, 1880
Deceased Date
November 24, 1959
Website
http://en.wikipedia.org/wiki/George_Gibson_Coote
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=717ab1d6-e8dc-480c-aba9-4552f242369a&Language=E&Section=ALL
Profession
accountant, bank manager, farmer

Parliamentary Career

December 6, 1921 - September 5, 1925
PRO
  Macleod (Alberta)
October 29, 1925 - July 2, 1926
PRO
  Macleod (Alberta)
September 14, 1926 - May 30, 1930
UFA
  Macleod (Alberta)
July 28, 1930 - August 14, 1935
UFA
  Macleod (Alberta)

Most Recent Speeches (Page 5 of 662)


June 17, 1935

Mr. COOTE:

In Montreal it is given at $3.94 on June 15 and the British pound is given as $4.93. If we were on the same basis as Australia, so far as the value of the pound is concerned, it would give to agriculture that increase in prices which is so badly needed. I do not think there is anything which would do as much to bring back prosperity in Canada as the increase which could be secured in the price level for agriculture by a deliberate depreciation of our currency. I do not need /Mr Coote.]

to go into the method by which this can be done as I think the house, and particularly the Prime Minister, is well aware of what should be done. I approve of having the administration of this fund in the hands of a minister rather than under the control of the central bank, but I should like to urge the government seriously to consider a policy of depreciating our currency to the value of Australian currency.

Topic:   EXCHANGE FUND
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June 17, 1935

Mr. COOTE:

I suppose the Prime Minister is referring to the measures which they took to protect the price of coffee.

Topic:   EXCHANGE FUND
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June 17, 1935

Mr. COOTE:

I notice, however, that

Australia was able to pay all her foreign obligations. I remember seeing a statement not long ago to the effect that in every case the Australian government's foreign obligations had been met in the terms in which they were expressed, and Australia has been able to borrow money in Britain at as good a rate as Canada. It is a fair subject for debate, but in my humble opinion Australia has followed the course that made it easier for her primary producers to carry on and meet their obligations than it has been for their Canadian competitors. I ' believe that Canada depends on the agricultural industry more than on anything else, and the financial policy which keeps our price level at a lower level than most of our competitors does make it very difficult for us to carry on.

Exchange Fund

Our price level has been pitifully low compared to what it was when our producers contracted their obligations. The prices of our products have fallen lower than the prices of the things we buy. I do not know of any other industry that has taken the same fall in the price level as agriculture has, and the thing for us to have done was to follow the method of our competitors, the Argentine, New Zealand, Australia and Denmark. They felt that they were forced to take this step, and I think we should be well advised to consider doing it even at this late date.

Topic:   EXCHANGE FUND
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June 14, 1935

Mr. COOTE:

May I ask the Prime Minister whether. a written proposal has been placed in his hands by the Life Insurance Underwriters' Association in addition to the letter sent to the Minister of Finance.

Topic:   FOREIGN INSURANCE COMPANIES
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June 14, 1935

Mr. COOTE:

I am quite sure there are

printed copies available.

Topic:   FOREIGN INSURANCE COMPANIES
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