House of Commons Hansard #15 of the 38th Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was heritage.

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Business of supplyAdjournment Proceedings

7:20 p.m.

Conservative

Norman Doyle Conservative St. John's North, NL

Mr. Speaker. I will remember that. Let me say that the Prime Minister's deal did not mention a cap. The Prime Minister's deal did not mention time limits or the fiscal capacities of Ontario or anywhere else. It was not part of the deal. Now it is suddenly part of the deal.

I am very disappointed, as well, that the five Liberal MPs did not show up here tonight for this debate.

Business of supplyAdjournment Proceedings

7:20 p.m.

The Acting Speaker (Mr. Marcel Proulx)

May I remind the member that we are not in the House to discuss presences or absences.

Business of supplyAdjournment Proceedings

7:20 p.m.

Liberal

R. John Efford Liberal Avalon, NL

Mr. Speaker, this is what disappoints me about using political rhetoric on an issue of major importance to Newfoundland and Labrador.

The hon. member did not mention that there are two options on the table. The first is the $1.4 billion over an eight year period. That is factual. However, the province does not have to accept that one. The province can accept the formula which the premier and the finance minister put on the table. If the price of oil goes up to $100 a barrel or $200 a barrel, or if more wells come on stream, or if more investment is made, revenues will climb and the equalization will climb up to the Ontario threshold level. That is very clear. There are two things on the table: the formula or the province can take the $1.4 billion now.

I find it strange that the premier, nor the finance minister, nor any member opposite has called me at any time over the last several months and asked for a meeting to discuss this important issue to Newfoundland and Labrador.

Business of supplyAdjournment Proceedings

7:20 p.m.

The Acting Speaker (Mr. Marcel Proulx)

The motion to adjourn the House is now deemed to have been adopted. Accordingly, the House stands adjourned until tomorrow at 2 p.m. pursuant to Standing Order 24(1).

(The House adjourned at 7:21 p.m.)