..........,g.;.-.-...-.. .v.-. 4.,-us.

-I-towe.

"ma gusto-tin ha-1:...-.-....---.rs..::-.-.2 . "A ”""" "'3... no-.nuwonoInanusIounu-nu

,.ua..,.”g .,g.u-yanhotbsadsqmtabdmbiwithonst I-wrung I-gnu-Ingiingitsoeoncunybyinlslodtionoftisc il'......-5... usupnnpllemalisofcontrols ItwouIdbIun-

Illosand on-out-c.s.I-I-Iii fortunItc.howcver,werehstoconrusethls

"Ibo Stmlgut Memory ll Wash: Han . an Wastes Ink."

cuvuorrr:-rows nuns. of-. as, an

IrltIlI's constant

The brief visit here yesterday of Mr. A. Gordon I-Iuson, director of the United Kingdom Information Office at Ottawa. serves to emphasize the fact that far from living in the past, and resting on her oars during the war, Britain is forging rapidly ahead in- dustrially, and is responding to the new challenges of the post-war period in the

after her stupendous efforts

same spirit which animated her people

century ago on the eve of her era of great-

est economic expansion.

Perhaps too much is being made on this side of the Atlantic of the aid which Britain has received in post-war gifts and Substantial as these amounts are. they have actually been less than her con- tribution to other countries over :he same period. As emphasized by Mr. Huson in an

loans.

interview in our yesterday's issue, there

no question of seeking to offset one ac- the figures, as drawn from the United King- dom Balance of Payments, 1946 to 1949, will surprise many of our readers. Ex- clusive of new capital investment overseas and the drawing down by other countries of their short-term sterling assets. they 81'?

count against the other. However,

as follows: desired advantages. Given by Britain for book matches can be on , mm") f ''z&''"' water and will still strike Indus” I-n”xI.d-all-sic-t;verIb'..w.lhmA-lclh::. (about) I08 vided, of course, that the match head has 9.r.:r.:.:'t"r.:r3.";:"..."..- 2.": .3 not also been souged-, , Colonial Duns ............................ .. C5 T "1 Q Although Mr. Justice R. Mun:-y 4 iiiiiii 1 can pens to be a judge of the Supreme Court of G a Tom ,2; Canada his position as railway arbitrator uwmd ':;'n,,mn "'"""'""”'""" """' is not,judiclal. Whatever decision he may Monet .. Guts ---...--m-.---.--- 11 1:: make as to wage rates must be arbitrary, ;ff;',,."xg,"",;;;"h.ig, 3,, there being no law saying Drswlns rlchts exercised by 0- 1!. ..--- .17 worth or what an employer can afford to

Totni .. ... .... ..... ........ -........ 51:4-7'

lilonsumsr credit

Proposed regulations governing con- sumer credit emphasize the vital role play- ed in our economy by such financing. There was a time when inflation took the form Later, the volume of currency in circulation was the most important factor in determining price Today, however, coin of the realm and other legal tender is enormously sup- plemented by cheques, drafts and promis- sory notes and even these media of ex- change do not comprise the total of the

of debasement of the coinage.

levels.

buying power at any time.

Consumer credit, sales on time or charge substantial

accounts. represents a very proportion of business activity today.

would be of little avail to attempt to con- ' trol inflation by limiting the currency avail- able for transactions if they can be car.-

ried on anyway on a credit basis.

In practice the amount of currency available may be considered as unlimited, and the determining factor in retail sales

to be the availability of credit. Mr. Ilowo ls ltlglt

"There' are some people who, in all sin- cerity and with the best interests of Can- ada at heart. feel that the present situa- tion calls for measures that would be used in a state of all-out war-emerr;ency pro- duction boards, conscription, controls and rationing, to mention but a few of the mea- sures they advocate," says the Hon. C. D. Mr. Howe deplores this tendency,

as do all thoughtful Canadians.

if A puzzling aspect of 'the Trade Min- ilster's remark is that no large or respons this group in the country has been demand- " Cer- J no such steps were advocated by Op- (ion members during the emergency

g such extreme measures at all.

Inch matters. felt by an Canadlms

v ;with Pllld control

' of Patiiarnent. . Nor do either of the V l tltrade union Congresses appear to be

it pdhlble that Mr. Howe has mis-

' regarding-the Government's mime, for the concern ex- nn voly mimeortI,ntsociui- who", liavtthst adequate de-

-dsrtIln1.v,theoeo-

or inaccuracies.

The heavier charges

first crack at the geese.

3 five daily until Dec. 5. O O

The canning of caplin at

larize the expression,

caplin."

is expedition is off for the

so as to not

threats in other directions. 0 O O

P8Y- "

this year's figures, which tourist business up almost

other Provinces. more unlike the U. S. A.

year would take a bit of

inter-planetary travel. 0

It

born this date 1652; surveyor of royal

spice") and some fifty Churches; other architectur

Bar.

their projects in half in o inflation-in other words

previous years. are for Grade A Large.

sslers. At other points

1950 1949 1948 Montreal .. ......... .. 66-67 67 74-75 Toronto .. .. 64 6,5512-74 Winnipeg 45 52 54 in Vancouver ...... ............. 52 56 '54 Edmonton .. ........ ........ 43 52 47 Regina ........................ .... 43 50 51 Charlottetown . ......... .. 53d 55 591,4;

of

Province lb. '3: C. ..A.....L. ...... .. .'!- -----:'----.- 94-553,

, -----M 21.968 sun. 148,28d

Ont. ........................

-.44.-...u..4..'o-u

it? 3:8

demand of I small and relatively insigmfi- cant minority for the proper and Justifi- Ibie concern of all regarding the adequacy or otherwise of Canada's defences.

E.Dl IURIAI. N01 ES

1: new industry for the Island. These little fish are supposed to be peculiar to Island waters so it may take some doing to'popu- "packed

There 'is little doubt that the Korean

Force. There is, however, every reason for bringing that body to a peak of efficiency be caught unprepared for

The search for a water-proof match has been long and so far unsuccessful, but a recent development achieves some of the A new striking strip

That tourists do not look for a duplica- tion of their own home town is clear from

from last year, a greater increase than in There is no Province

and the tourists seem to love it.

It now seems that light is faster than the generally accepted 186,271 miles per second, 11 miles per second faster to be precise. How much that lengthens a light

is enough to revise possible schedules for

Sir Christopher Wren, English architect,

buildings, and after the Great Fire, was commissioned to re-build St. Paul's Cathe- dral ("Si monumentum requiris, circum-

There is never any let-up on the. part of Upper and Lower Canada to knock the Maritimes. The latest is the recommenda- tion of the Toronto Construction Associa- tion, which has more work on its hands than it can handle, that Federal, Provincial and Municipal Governments

money circulated outside of Ontario.

Egg prices on October 13 this year and The prices quoted below At Montreal and Toronto the prices are those at which graded shipments are selling

prices to shippers for ungraded eggs.

Weight of Live and Dressed iioum-y st Registered Stations week ending . Sept. 23 Sept. 16 Sept. 9

ms ,-no-..-.............-ab I

President Truman's campaign of truth is off to I good start. To be effective it must continue unsullied by exaggeration

exploding -this

morning are the 10s opening up for the The bag limit is

Souris opens up like

in

Special Service

' dollar was increased from five shill-

saturated with a match, pro-

L. Kcllock hap-

what labour is

show Quebec's seven per cent

than is Quebec

figuring, but it

other London al works include

Trinity College, Cambridge, and Temple

should cut rder to prevent to have less

to whole- quotations are

lb. lb.

IIIQVAI. This it I dnnmlsu tins. VIII- dtawn wont challenge man in their Iiisacs: the III "'35 'ua'H&tO is brooding, in res the air. Intense but not unkind. Only bud restlessness sliders the with sign of hidden life. when loaves descend small strangers will yo: hover on the branc Defying the year's end. Wlntsr will come. And may it come. . Advance not Is I conquering in- tidal. our forest on this shining Ifter- noon Is held in holy spell.

-Laura Benet. r&0I; K Old Charlottetown

(And P. E. 1.) .

3

EARLY CURRENCY

.,..

mom I statement by the Hon. T. Heath I-Iavlland, Colonial 'n'eIsur- or. before I Commission Ippointed to inquire into the state of the currency. IM7:

"rho first variation which oc- curred in the currency of the Octobar, i816, took place about the you 1826 or 1321, soon Iftsr the first issue of Treasury Note made by the local government; when the relative value of the Spanish

ings to five shillings and six- pence, It which rate it passed cur- rent from thence until about the, year 1833 or 1834. when. Ifter fur- ther issues of treasury notes had been made, the value of the dollar increased from five shillings Ind sixpence to six shillings, and has so continued to be received up to the present time. The amount of treas- ury notes then in circulation was 210.500 -- I large amount of paper currency, when compared with the revenue of that period - and I must believe that it was mainly the cause of raising the relative value of the Spanish dollar.

"I may also remark, that the chief metallic currency in tilculation was the Bank of England dollar token; the old English and French Crown and half crown, the Bank of Eng- land tokens of as. and is. ad. and the old Ehxglish smooth shilling, and smooth slxpence, which passed cur- rent respectively at 65.. 5:. 6d.. 2:. ed, 3s. 4d.. ls. 8d.. is. and ed, whilst the value of similar coins in Hall- fax was 5d.. 2s. 6d., 1:. ad.) 10d. and 5d. respectively.

"In the meantime the ,current gold and silver coins of Great Erit- sin cams slowly into circulation. and passed current at Idvsnce of from 25 to 38 1-3 per centum upon its sterling value. until the year 1&6, when at I public meeting of merchants and others, held It the Court House. in Charlottetown, in Septembn: of that year, it was agreed to receive the silver coin of the realm at an advance of 60 per cent. upon .its sterling, value: four English shillings having been considered equivalent to B dollar, at the rate at which the respective coins were then current at Hall- fax. The decision of that meeting has continued to govern the circul- ation of British silver up to the pre- sent time. The value of the rover- eign, notwithstanding, fluctuated from 29s. to aos. until within these two years, since which it has been received at its relative value of thirty shillings."

What is it Like To be Old?

(By Theodore Taylor in The Spectator. He was one hundred years old on August 3rd.)

I have always been of In ing turn of mind. Particularly when young I was c-utinusily trying to learn from its older than my- self. so that . ;ld be, Ind Im, willing to pass ..i Iny lesson I have learned in my long life. one lesson lesrnt long Igo is that of my own ignorance. The older! grow, the more ignorant I feel, because I am continuslly lssrning how much there is yet for mg to loam.

I have Iiways been interested in isnguagcs not only because they are the expression of our thoughts, but even for their own nus. Dr. newgisu. the lead of mm school (nur Wakefield), my to - or. was I mutsr of clear spsocb.

Island subsequent to my arrival in l

The Age-Old Story

Beloved. let us love one Inothe : for love is of God: Ind every one that iovotis is born of God,

and

knowathGod.---lfImInIa.v.l

how can he love hath not Ioen?

his brother whom be God

liov. cod, no menu: his brother, he in a 1hr: for be that loveth not

hath Icon. whom he

K

trained in these ideals. to that if I

glasI's) fault.

it is not my teacher's

am muddled in thought or speech

(Dr. Bew-

Whlt is it like to be old? One old lady I knew said: "If is to feel

always tired and never feel quite

rested." I can understand t.hIt I.n- swer. For jut as the muse as of

the body

me weaker Is

grow

older. so the muscles of the mindtso to speak) get weaker too. One of the troubles of old age is forgetful- ncss of names, of words and of re- cent events and acquaintances. It is curious, but true, that the name of the man to whom one was intro- duced yestcrdsy is forgotten. so

the ideas one learnt in ons's youth remain. while the new ideas

one

learnt yesterday may have already faded from memo y. Thus we may see how important it is that the lessons and impressions of early life should all be good ones.

You may think that when your children are young it does not rust- ter what company they keep, or

what ideas they get. little child hears. What we become when we Ira old depends,grcItly upon what

much what I

It

matters

V!

were Ind experienced when we were very young. During Iii my child- hood I wss surrounded by Christian

and morsl

influences. Therefore, if I cm s well-behaved man. it is muchrless creditIbie'lo do than if I had been brought up, Is

IONIC

children are, in I vicious atmos-

truths of the seams terrible

we have been

photo. so to one who, like me. has been taught from infsncy the vital Christian faith, it. that some young children should never hear the name of God except when used Is In imprecstion. so one thing which English people should be I thankful is that. from childhood. undod by influ-

for

once: leading us to the good life.

That is whst we mean by being "born and brought up in I chris- tlsn country." so old

IN to the

Image nsglisb person is I much better condition in Britain than in many other countries.

The memories of the very young

lI'oIhIl'bIlboIG.'.l'hsmlndlofthI

old are stocked with memories.

Ispsrianco brings kncwlsdss He taught. that. Is iInguIgo is our An we old folk using our our

3

Memories hIvo nest influence up- on our lives. Tho manory of I good father or mother or dust departed friand may be I powerful influence

Expir-

National Production An. Expenditure ,

(Bank of Nova Scotia Review)

Though the step-up in defence preparations represents no more than I moderate IddltlonIl burden on the economy. it does pass I dif- ficult and serious problem of in- flstion, says the current Monthly Review of The Bank of New Scotis. Prior to Korea. the eco- nomic plcture was one of high activity with an inflationary over- tone. but tempered by the prospect that production of I number of important types of goods would soon catch up with or even psss demand. The results of the Com- munist Iggression in Korea were to throw the balance decisively on the side of inflst-ion.

It is probably true thst I large portion of the added demand: which this summer pushed prices upward in the United States re- flected the desire of businesses and individuals to protect themselves agslnst the possibility of higher prices or shortages in the future. The massive pins for rearmnmcut in that country were Iftcr Ill only beginning to be reflected in actual defence expenditures. But though some price advances may well have gone too far, the growth in defence outlays on the basis of present plans is going to continue for quite I long period Ind is I powerful force working to sustain and expsnd demands in the U. S economy.

popular but which are clssrlyl prsfeuble to inflation.

3'

E

i

5 8? Y 5

seem It times as if Ottawa jumped It the chsnce" of shelving projects of this kind - projects like Oanso

l

pscity. inflation can do little good Ind will certainly do harm. In- flation offers no escape from the necessity of paying for iohQ.gdd'l- tional costs of defence. It simply distributes the costs, through the process of rising pricca. which in effect menus thIt those who IN unable to raise their incomes in line with higher prices and those who hsve savings in insurance. bank deposits, government bonds. gcuion plum and so on pIy the

ill. Though Csmds has suffered less from inflation than most other countries during the put decsde, there has been enough depreciation of the buying power of money even in this country to last for I long time.

The risk of inflation should be emphssiud because the ink of I live Ippreclstion of the danger could easily lead to I failure to develop and persist in the kind of policies which are needed to keep inflationary pressures in hand. Few if Iny countries get inflation by choice. It comes rather by default. frequently resulting from fsiluu to accept and'support national poll- cles designed to check and restrict less urgent demands upon the' economy-policies which are never

!. -'39.!-'-.'F"'

iliill

E

l

9

Gerald W. nub. dead In Mon. irssl. was more than I distinguish. ed member of the great business house which his father founded, His horisondvwoss wider t.hIn indus- try. and his belief that moral and spiritusl values should be hitched to malarial Idvsncc was exempu. fled all through his life. Montreal's YMCA found him In asmest and isumutul supporter. but his ener. gfts for good book in much church work as wall. and in truth chm were few community efforts which did not enlist his support. such men are of the very essence of cm. ssnshln: the sort of men who are not content to serve their kind with has of democracy. but strive to make citiunship I manu- of individual rcsponsibilily. Thai; work and their lives live after them. -Ottawa Journal.

g Elsstrlcsl contractor

WIRING AND REPAIRING

if

Q?

wonunwishto

tbtbsiswwi

the mere clic

E

E

bloto

U

l who

..-.-.

03 Public services, 'sweil the mug. J I alreeabla so the url.-10:: set into troublg I1 set just as no . I5: from Ill-male 97 In th 1. men: 0 h

ERNEST Bx IAMSAI

lullndva. Phouloon ”

pR0FEstsIoNALi CARDS