t Page 12 The Guardian

1955 May Be

By FORBES Bl-IUDE Canadian Press Business Editor

Historians of the future may look back upon 1955 as the year in which the world straightened away on a new era of industrial. scientifis and economy activity which. for the average person. might be de- fined as a new era of prosperity.

Today's economic commentators content themselves for the most part with expressing faith in the "long-term" future. without trying to see in detail what sort of future it will be.

Some who do try to peer ahead may become somewhat frightened at the dazzling possibilities they see. and wonder if their vision may be deceiving them.

In this connection John Applebey. of The Financial Times. London. comments that the first industrial revolution came on the world un- nwares. and developed so rapidly there was hardly time for those engaged in it to look around to see what was happening.

His comments are m:.de in an article entitled ”Prohctic Mantle,” in the December Review of the Federation of British Industries.

He quotcs R. A Butler, chancel- lor of the cxrhcquer, who said recently:

”lf all goes wcll. there reason why the standard of living in this country lBritainl should not be doubled in 25 years." DRIVING FORCE EXISTS

Applebey says if Butler is right in this, he must also be right in another prediction he has made. that we are on the edge of a new industrial revolution.

Applebey adds that no indiistriiil revolution is likely to take plactx without the diiving force of a sus- tained demand for its products, and, after examining a number of factors, he thinks such a driving force exists.

One of these factors, says Apple- bey. is that there has been a per- manent redistribution of income

is no r

Tuesday. January 4. 1955

Start Of New

- Era Of WorldiProsperity

from those likely to save to those likely to spend.

in this connection. year-end coin- mentators in Canisda find that the -greltest sustaining force in the Canadian economy in 1954 was the continued spending of the average person.

Applebey goes on to quote Sir Ben Lockspeiser, secretary to the committee of the Privy Council for scientific and industrial research. who said in a recent address:

"Technological progress in these days can be very rapid. and the full exploitation of electronic ad- vances is likely to introduce a rev- olution in business offices and pro- duction shops second only in im- portance to the industrial revolu- tion itself."

RECOVERY WAS QUICK

The North American economy in the last year has given consider- able support to the prospect that we are embarked upon a new era. by the fashion in which it has ap- parently quickly thrown off a re- r-ession.

In this connection. Gordon It. Ball, president of the Bank of Montreal. said:

"What has been noteworthy abodt.

the dip in business is not that it should have ocurred. but that it should have been so limited in ex- ' tent." J. A. Calder, of Montreal, pres- l ldent of the Canadian Manufactur- ers' Association, foresees, perhaps within five or eight years. big of- fices operating with electronic de- vices which could. within a matter of seconds. cope with complete ihandling of hundreds of accounts. 1 He predicts that the office worker l, of tomorrow will need a better all- round education-in some kinds of offices a university education-to cope with the new machines.

H. L. Enman, president of the Bank of Nova Scotia, said:

”Given United States leadership. the free world may ,yvell stand at the beginning of an "era of un-ex-l ampled prosperity and develop- ment." ( l

Business Prospe

cis Loom

Hopeful For The New Year

By Forhes Riuide

Ctiiiiulinn Press (Janatiian Press Business Editor

"Happy New Year" rings through the Canadian business world in heartier tones than a year ago. amid predictions or a gen- erally prosperous 1955.

Not that the closing year wasn't a good one for most people, but it had weak spots and was da.k-.

ened by fears that worse things”: mmbles in

might conic. the (cars placed bi"

have been re- a feeling that 1954's

downturn was in the nature of Bin" from lush conditions-

readiustnteiit.

of preceding years. and that it hasyea,

run the greater pl1l'l. of its cou.se.

This does not mean that those hardest hit are through with their readjustment. or that any one can relax.

It means. if expectations are borne out. that the coming year will see .1 griitiiinl turn, iappa:ently already under way. from 1954's downward tenclenc.es.

In the opinion or many. the year may lay the foundation for a fresh advance based on a gencrally-im- proved wm-lgl trade situation and L riyiiamic and expanding Canada.

STRENGTH IN EUROPE

In a broad I”-tee-World. sense, perhaps the year's most signifi- cant uevelopment was the strength of the British and west European economies, which seemed to dis- regard the North American set- back, something they could not have done is short time ago.

Perhaps equally signitit-ant are growing indications that the United States will not revert to any gen- erally high-tariff policy. Though such a reversion has seemed im- possible all along in today's world. American protectionist tendencies have disturbed Canadians.

It is probably too much to hope that the United States will immedi- ately lake the sort or holil leader- ship in freeing world trade which Canada and other countries would like to see, but on current indica- tions. it can he hoped that she will tnove slowly in what we consider the right direction. even if with some lapses.

The most striking feature of the Canadian economy was the man- ner in which the average Canadian disregarded recession talk and con- tinued to buy. This continued con- sumer spending is credited in large measure with cushioning other downward tendencies.

Particularly noteworthy in year- and statements are indications that even those parts of the economy which suffered most. and even mote which will likely continue to suffer. feel that any change is likely to be upward.

.!'or textiles. the hardest hit in- dustry, O. P. Woodward. president of the Primary extiles Institute. sees a current "modest upswing," though he adds that apparently the industry will operate in an unfav- arabls economic climate for some

BIG. x

IXPOIT OPPOIIUNITIEI

For exporters. who saw soles shroud drop through most of the ysar. I. I. Lenard, president of the Cglsadian Ixvorterf .Aasacistidn,

l i

Business Editor i .

says all indications point to in-f lcreaaed opportunities-with hopes! Ifor fewer restrictions, liberalized. limport quotas and a healthy de-, mand for a great variety of Canon iiian products. , I Farm incomc. hit. by in 3500.000.- ,000 crop-production drop in 1951. is expected to go up this year. The electrical industry has had consumer goods,1

lbut H. M. Turner, president of Canadian General Electric Com- pany. looking at the industry in its phases, says it expects to .produce as much in the next lot s as it has since its lncep-i

tlon.

Perhaps the most resounding- ”happy new year" is given by Canada's resources development.

actual or planned.

Two gigantic developments came Into production in 1054, Aluminum -Company of Canada's aluminum development at Kitimat in British Columbia's wilderness - 5350.000,- jooo in its present phase; and Iron -on Company of Canada's iron ore development in the heart of New Quebec and Labrador-s250.000,000.

shcritt Gordon Mines" new mine at Lynn Lake, Mann.. including a nickel refinery at Fort Saskatche- wan. Alta.. got underway at a cost of nearly 350,000,000.

The long-awaited St. Lawrence Seaway and power project became a reitlity with its impact on the economy yet to come.

A sl00,000,000 natural-gas pipe line from the Peace River area of Alberta and British Columbia to the Pacific coast seems assured.

l CHANGING FRONTIEIIS

Backers of a t300.000.000 natural- gas line from Alberta to eastern Canada. running through northern Ontario, remained confident that it would become a fact. despite delays.

0. Gerald Godsoe, vice-president of British American Oil Company. predicted that western oil would, through extended pipe lines. find a new large market In the Mont- .eal refining area before too long.

The northern frontier continued to be pushed back. assisted by uranium dsvelopments in Saskatch- ewan and Ontario. and other min- erals soross virtually the whole country.

If You're TIRED

pggggiit it lllii at ital; " til:

Above are pictured the studeiiis who attended the leadership course at the Vocational School last week, together with some of the P.E.I. Department of Agriculture officials. From left to right, front row are: Jackie Chandler, Wheatley River: Fenton Shaw, Bloomfield; Beryl Coles, Milton; Gloria Jenkins, Dun- staffnage; Emily Johnson, St. Georges; Gerard Duffy i Fort Aug- ustus; Wm. Alywar , Southport. Second row: Byron Colwill, Jr., Sherbrooke; Geo. MacDonald, Trocadie; Louis Dalton, Burton. Lot 7', Boyd MacDonald, Tryon: Eddio Clarke. Belmont Lot l6: Charles Wright. Searletown; Jos- seph Thompson, St. Peters. Third row: Mary Robin, Women's Instit- ute supervisor; Gerard MacEacii- rrn. Fort Augustus; Regie Mac- Donald, Tracadic: Urban Laughlin, Sherbrooke; Michael Reardon. Southport; Horace Coles. Milton;

sterling MacRae. Brookfield: I-leather Coles, Milton; Alex Mac- Rae. Belfast: Edward Pearson.

Chelton. Last row: Morris Deacon, Department of Agriculture; ,Paul

lslancl Couple Marry In Barrie, Ontario

On Saturday. December 18. the wedding was solemnized at the home of Rev. 5. Ernest Lewis, Barrie, Ontario. of Miirjorie Mitc- Balne. only daughter of Mr. and Mrs. Angus MacB.1ine. Locke Road. P. E. I.. and AC1 Calvin Carrot- hers, son of Mr. nlld Mrs, Bruce Cnrruthers, I-iowlan, P. E. I.

The bride wore H. hiillerin:i- length gown of bziby blue nylon net and lace over satin topped with a bolero of lace. Her headdress was blue rosebuds and she carried a bouqupt of yellow mums and red rosebuds.

The matron of honor was Mrs. Kathleen Dempsey of Toronto, who wore :1 pale blue nylon dress with headdress of blue forget me note and carried a nosegay of yellow rcsebuds and white mums.

The best man was Bruce Car- ruthers, Jr. of Cooksville, brother of the groom.

After the ceremony ll reception was held at Robindiilc Iiin. Barrie. for immediate friends and rela- tives. AC Carruthers is stationed at Camp Borden. Ontario.

ANCIENT TOWN

(Bani! ingscotland received its first municipal charter from King Malcolm IV in I163.

YOUR? is READY" 'il,llll

ir,v.t-

1955 l.'. L3 .';'."'.

the loveliest garden

. 0 full page: in Nature?

mid with information on

mom of new specialties and in: tons.

all the old families too. almost 2 nub- ' bear

Otlvcr oul'.ACHE

Junior" Farmers Aliend Course

Wisener. Watervale: rett, Belmont. Lot 18; Mrs. miph Manning. Women's sistant supervisor; Ralph Annear. Lower , Brown, Women's Institute, handl-

randoblldrsn for his resort town lsinllss north of Quebec city. arises the a ounce-

hills... The 71-year-old financier said in

ities from the Universities of Mc- Gill in Montreal. and Princeton. Harvard and Columbia in the mat- ed states to form a cominlttu to pick candidates to visit his estate.

JUST GET-TOGITHII

Scholars in science. business, gov- ernment. and history are to be in- vited with their famiil for imiddl of "relaxation and recreation." Mr. Eaton said.

Pugwash is the town where Mr. Eaton was born and raised. As a young man ha went to the United States where he met oilimasnate John D. Rockefeller and became one of his associates.

Mr. Eaton, who studied theology to become a Baptist inlnistar prior to entering on I business career. frowned on any description of his plan as a seminar.

"Iffwill be more along the lines of s get-together of leading think- ers in a variety of fields." ha said.

Then is to be no work. no study program, no stands to take and no report to draw up on these inform- al meetings.

SEEK! FRESH IDEAS

"As my guests than intellectuals will have every facility and the stimulating experience of relaxing

craft: Sheldon MacLean. Milo: D. Donald. Sherbrooke; S. C. Wright. C. Schurman, Department of Agri- Deputy -- Minister of AK1'lCUlWi'9- culture. Norman Montgomery, Low- Missing. Ian MiicAi-tliur. Union er Bedeque; Donald Bealrsto, Ma.l- Road, Yvomiio Gardiner and Mary peque: Winston Smith, Depart- somei-s,St. George's. -

..Bgrt,er's Film Lab.

Arnold Bar- Institute. as- Marie

Montague ; Rosa

merit of Agriculture; Clarence Mac-

Pugwa-sth-l-,lome To i-5cl'iO,laif.s

ment at a chalet in the Laurentian i

" LAO l8IAUPOR'l', ..-(OP) -, has fill our the opt 'Oyl'Ii.I Eaton". cuvdianrlohlo, tn- " -man not mi .:':l"arK.'.a. duatnliist vrbosa ' financial inteis berland." .,: . V ', catsspanw up ted ts. Tlisuies Vnubot, oil is going to open his Pugwash. N .. however. solely to provide, :- fsrm rssldenoeto lea ted tioirfor lntell -. . states, Canadian and lrltlsh scbol- ay pooling. snowlatist his as starting next suinnur. .

so-. naton. hm svtth tour of II: at

an interview he has asked autbor- the w

rlodicslly. , m yzhi sisal visit the farm

0 NHI msodngs. D 316 LAKE

11:9 wry. 'Wh1g1A-hllfid magnate

made his mark 7 Canadian al- falrs by undertaking to mine an as- tlmsted l.000.000.000 tons of iron are at amp Rock out Atibokan, On

The ore lay under a lake is miles long. four miles broad and 50 feet deep but when the find was con- firmed. a financier undsrtook to drain it by driving a 2000-foot tunnel upwards through solid rock. nvnainlts blasted the lab bed open to let water drain out and leave the are field ready for min- ing operations. t

Latest Canadian venture for Mr. Eaton is on the sho of Ullgavs bay where. ha has said. "you can walk for looinilss on surface iron ore.'', it .

-monoooa son

Mobile x-ray unitshin Stockholm have made tuberculosis tasta of practically the antira population.

Christmas Bills?

Here's the easy way to MAKE yourself save!

Next December, you can have a happier holiday season than ever! Simply join The Canadian Bank of Commerce Christmas Club right now. This gives you a definite goal for saving-and - the Christmas Club Coupon Book reminds you to keep saving till you reach it. You will receive a cheque next November in time for Christmas needs . a holiday. . . or whatever vou wish.

Her'o's all you slo: -I I. Look over the Christmas Club 3. Simply, -make K small deposit to'

Plaml in 1101! at MW” filht Check 21,33 start:-and one every second week. which suits your budget. ' i .'

Jbih our dQ55 . A Clwkfmas 67416 5933' and I A have five money you need nexf November '

2. Ask for Christmas Club coupon book for your plan at any branch of The Canadian Bank of Commerce.

At the and of fifty weeks (25 deposits); you'll get a cheque next November. '

many out for "tiirisintss Club" I

-60:11: people use the Christmas Club to save fora holiday at any time oftbeyaar . even forata-ipto"tiisold cotinti-y"aysarIII',l&'O

-ahsad.0therauseiteogttmfItIIv, Itlrt their children with regular baht-aasouau. .-

I Thereareasmanyusesfwour Club as there an for l&q!Mn

ThhisyotirChrlstinasCluboouponbook.IIatulit'-to seller with each deposit. i-taltleucim coupon. mm stub-whicliactsasysurreoeipt-aodiianiisljook baekopyocllachcanesilsdafubaliowstbelewtmtl youtsavspaidin.Wmda'fu.liy.sisnplsl . . ,- gs t I.

Iaa'iIsIay Diwthtlodliitwllf nearestbranch'ofTbeCmIdIbnItnk0T

you. Join our M -I be. can of-your I955!