t

"lllPRIL 26. was

l r“

, wanlnisnAY ' ti a1 ' Prayer Ser-

“ ‘Willgremr-eazisllltbrs welcome. - " Hem-tn Memorial Hall.

A BRIT. BUDGET

. (mntlnued from Page l)

f ' m, on imported matches and gzcbgnioal lighters and British

‘ er four years the duty on im-

d hops. including all these changes the chgncelior estimates he will have l surplus oi £1,291,000 ($5,680,000). m; figures are: v Mlmatcd expenditures $97,486,000 Bflmgflefi revenues 093,777,000 “mated gurpius 1,291,000 3m; the Chancellor balances his Budge; by suspending the sinking fund Payments for which ‘£1,723,- w was allotted last year. Nor is l.” provision made for either war ‘w’ payment; t0 bill? United ‘flutes, to whom the next instal- hm; y; due June 15, or war debt “g reparatlmil! receipts from the lmkd Kingdom's debtors. This ‘Milan's the course adopted in the “M Budget, and the Chancellor gommented it was obviously impos- w consider any present war "m; figures as final. _ m, Chamberlain stuck rigidly to Wanons of "sound finance." He

' dismissed alike the idea oi “wig taxation at the expense p; g deliberately unbalanced bud- get, and a three-year budget scheme.

go agreed however that under m. extraordinary circumstances further debt reduction might await | more favorable time, and there- (m proposed suspension of the flnkmg fund payments. But he urged that as GreaifBritsin had re- established her financial position by following a sound financial policy it would be the height of lolly to throw away the advantage die had thus gained.

"Ii we were to reverse our policy just at the moment when other governments are trying to follow our example," Mr. Chamberlain de- dared, "we should stultlfy ourselves ln the eyes of the world."

i-lc intimated the Government's intention to increase the exchange stabilization fund but declared this llld no relation to the United ~ =5 going off the gold standard. ‘mas emphatic the fund had not been

used lo deliberately under- viiue the pound on foreign ex- changes, and declared the decision to increase the fund had been iusde before the United States went off gold. Mr. Chamberlain was frank that ilie revenue year which closed lisrch 31 was disappointing. The list budget had estimated a sur- illlli 0f £800,000, yet the year closed with a deficit of $2,678,000. But ii.’ allowance were made for the war ilibt payment to the United States list December, of £28,900,000, and for the £i4,000,000 which had been lliliiied to net‘ debt redemption, “We had during the past year a "lipids oi current revenue over current expenditure oi approxim- lltly 211,250,000." an announce- iiient which evoked appreciative them, 1M1 year's deficit will be met by Nrrowlng. But the outcome of the past .Mr. Chamberlain told the . “may well afford us more satisfaction than some oi the Wipiuscs earned with so little ei- "fl in earlier and more prosper. W5 Years." --____.____. MRS. (mo. n. DOCKERTY

‘ll Kingston. P. E. 1., on April ilth, Hester Miriam, beloved wife r090. Ernest Dockerty of Pinett, ‘E- I-. at the early age of 29 "m- Hester no the eldest daugh- l" Mr. and ma. Bertram i. of Kingston and was a Elli. intelligent woman. she was ills best of health for the past ‘iii’ yours. She spent part of the “it at her old home in the winter “mm-l and thewarm season oi ‘° Y"? at Pinett. She was always eerfui and optimistic in spirit “d "W" save up hope of recovery m llie end, when she sank rap- 1H" 11mins from us at such "‘ "iii are was a distinct shock will who knew her, beloved as she bl’ illl- Bile leaves a son-owing hlilnnd and one son, John Bert- vears old. and one daughter M911’. aged 5 years. The ‘gift-i was held on many-ion. 4 the service was conducted by " 5' K- Rom oi Cornwall. The WI! the largest seen in thll 7°? 55ml! time. We extend ‘Yiiililthy to the bereaved

Yon

Mlle "Miles.

*5

at Beauty

"'8 vii-nu and fashions ow s ‘l ""1 miy those thingl that are "is Ind made m» service- iiul things-remain.

p union. couialflfll

klmg wines, and 000N111"! 101‘

the defaulted sum if the United

ment until "after tne-mndon con-

STBBKS AND BUMMBIIITIES

United $2.13. Dollar Again Weakens In Foreign Exchange.

B! Claude A. Jagger Associated Press Financial Editor

NEW YORK, April 25.-(A.P.)_ BlBDlBS 11ml 8118108 began the new week still boiling with the heat of prospective inflation today.

Many stocks and speculative com- modities jumped to new high levels ior 1933, ‘but there were occasional signs that the markets were sim- mering down to narrower fluctua- ions, as advances encountered stiff profit-taking which whittled down the gains. .

The United States dollar again weakened in Foreign Exchange dealings, tending to confirm the in- flationary hopes or fears, but the bond market, as on Saturday. lcted as though some quarters thought the extent w which inflation might go was being exaggerated, for several of the gilt-edged issues, including U. S. governments, displayed pro- nounced strength.

As measured by its quotation in terms oi the French franc, the doi- lar dipped to s. theoretical gold value of about 89 cents, as against about 92 cents last Saturday, Nevertheless, it was still a. couple oi cents above the lowest indicated gold level in the erratic exchange fluctuations oi last week.

Shares in the New York Exchange pushed up $1 to $3 in heavy trad- ing during the morning, then slid oiI to lose about half their gains during the middle of the day. The list backed and filled. erratically during the afternoon, but closed with many advances of v81 to $2 s. share. ‘Transfers approximated 4,805,340 shares.

Wheat in the Chicago market likewise lost much of an early ad- vance, but rebounded swiftly in the late dealings, to close up one to two cents s. bushel. Both wheat and cotton reached new highs for the re- covery.

AR DEBTS

\

(Continued from Page 1)

clearer understanding of the sit- uation affecting the two nations. ‘Flt would be wholly nlislcading w intimate that any plan or any settlement is under way. It is the simple truth that thus far only preliminary explorations oi many different routes have been oom- men ‘-. The point to be emphasiz- ed is that with the most friendly spirit progress is being made. After the Prime Minister's departure these conversations can well con- _tinue in London and Washington." Sgnificance was attached to the face that the debt discussions came at the end oi the Roosevelt-Mac- Donald talks, presumably after preliminary understandings had been reached for action on other pressing problems at the coming world economic conference, par- ticularly on monetary reforms by. whieh Mr. Roosevelt hopes the United States and Britain may re- turn to the Gold Standard and currencies be stabilized on a. world- wide scale.

At the State Department new evidence was seen that the United States may undertake to break the disarmament deadlock at Geneva by agreeing to consult with other signatories in event of a violation of the Keiiogg-Briend p861: 0f Paris, in which virtually all the civilized nations oi the world took a solemn pledge not to resort to war. -

Such a move would go rai- to- ward answerlnz French demands for "security" tangible assurance

o: her safety against attack-

without which she has consistent- 1y refused to reduce her aimed forces.

In this connection, the President is believed w have given M- "ti" rot to understand that noihins would contribute so much to a re- cementing of Franco-American relations as DflYiW-‘iili by "ll French oi their $19,261,432 war debt interest installment due last December 15.

Rather than aifow rancor over war debts to ruin the chances of 1111mm toward economic restora- tion at the London Conference two months hence. P1939" Rmuml- it is mo, misht - ’ l" Qgmgress that the payments 011s June 15 to postponed until after the London "conefave.

mom semi-official sources in Paris came the word today that m, Government will seek parlia- mmm-y approval for payment oi‘

states will postpore the June pay-

, i” "Ill an lined’: uni-um

femica

HIGH FUR

GEIITBALGIIABDIAN

This column lo reue

rs‘ d f County news of local e u “unw-

lnlerut but ad.

verllulng of n newly nature may be Inserted at 4 cents u word strictly payable lu advance.

1N CITY-Dr. A. D. Macfsaac, Veterinary, Glace Bay, arrived in the ‘city last evening. Dr, {Mgclsggc Judged the horse classes at the Pro- vinclai Exhibition here last August.

MEETING POSTPONED - The City Council meeting which had been proposed for last evening, and at which the estimates for the year were to be brought down has been postponed. It will be held in the course of a few days.

FIRE AT PEAKES STATION — Wednesday, April 19th, at 4 p. m. the home of Mr. Edward Keenan, Peske's station, was completely des- troyed by fire. The owners, assisted by neighbors, were able to save most of the household effects. The origin of the blaze is not positively known, but a defective flue is believed to havecaused the loss.

CHURCH 0F SCOTLAND, Cen- tral Psrish. Service on Thursday, April 27th: People's Church, 7.30 p. m; fiiday, 29th at Churchill at 7.30 p. m.: Sabbath, April 30th, Canoe Cove, 11 a. m.; People's Church, 7 p. m. J. E. Lamont, Stu- dent.

______ .

THE COUNTRY DISTRICTS still retain all appearance which is in marked contrast to the almost sum- mar-like aspect of the city. A1- though some oi the roads are dry- ing out rapidly, most highways are still in a muddy state with numer- ous banks oi snow in some sections. In the western part of the Island in particular a considerable quantity of snow remains.

THE ANNUAL MEETING of the Ladies Auxiliary oi the Y.M.C.A. was held Tuesday at 3.80 in the Y. reading room, The President, Mrs. Jean Crockett, presiding. Reports from the different officers showed s. very successful year. On motion of the meeting all Past Presidents were made honorary members. Of- ficers for the incoming year were installed as follows: Mrs. Mary MacLean, President; Mrs. Jean Crockett, Vice President: Mrs. A. Bonnell, Treasurer, (re-elected); E. MacLean, Secretary, (re-elected). FAREWELL FUNCTION-At the close of the meeting of the Royal Edward Chapter of the I. O. D. E. on Monday, the membe had an afternoon tea and social hour as a farewell to Mrs. F. S. Wilkins who is leaving this week to make her home in Halifax. A toast was drunk in the "cup that cheers" and hearty good wishes were ex- pressed for her future welfare. Mrs. Wilkins has helped greatly in League of Nations and other edu- cational work,

Thomas Wigmore, M. P. B, and Mrs. Wigmore, Bradalbane, P. E. Island, were among the week-end visitors to the city and joined in the reception given to ' the Hawks on Friday sftemoon. While here they were the guests oi Mr. and Mrs. R. P. Wigmore.-Moncton Trans- cript. ._.____..____ The weight of a barrel of apples varies considerably ‘according to the variety. The standard weight as accepted by railway companies is 155 pounds. This includes the weight of the barrels. BIRTHS MOORE-At East Royalty, April 22, 1933, to Mr. and Mrs. D. C. Moore, a. daughter.

DRAKE-At St. Peters‘ Harbor, April 17, 1933, to IVIr. and Mrs. Seldon Drake, a son.

DEATHS JEFFREY-At st. Eleonora, April 23, 1933, Harry Jeffrey infant, 5°11 0f Mr. and Mrs. Emerson Jeffrey aged seven weeks.

HUGHES-pn April 25, 1933, John M. Hughes, aged 97 years. Funeral takes place from the residence of his sou, Peter Hughes, Elm Avenue, Thursday morning at 9149 to St. Dunstan! Basilica, ‘hence to the Roman Catholic Cemetery.

Card Of Thanks

Daniel 1". MacNeiii wish to thank friends and neigh- bors for kindness and sympathy shown in their recent sad bereave- ment. 9070-4-29-11.

I111! family

IIILAIII

N. D. MacLean

UNDIITAIII

Charlottetown and North Illhlllto

Pllflllli

. having cost $441,000 to operate in

. and the Government had nothing to

rm: __ CHARLOTTETOWN _ GUARDIAN

Basketball At

dsii Home G, asiuln the West Kent girls defeated the girls from

28-18. The game was close and well contested with West Kent hav- ing an edge in team play. The girls from the "Y" playing their first hoop game, gave an excellent account of themselves and with a little more experience will give some of the city's senior teams

ners Jean Bentley who netted twenty points was outstanding. Linda Hardy led the “Y" girls in scoring collecting eight points. Referee, Gofdim Morris. Scorer and Timer. Miss Terrell. The line-ups and scores: Y. W. C. A. WEST KENT D. McDonald (Capt) 2 J. Bentley, (Capt) 20

L Hardy 9 H. Rodd 2 H. Bord 6 J. Robertson 6 B. MloKay C. Hyndman M. Cra/wford 2 N. Peaks E. Leslie

A. Campbell

REACTION

(Continued from Page i)

The Canadian dollar after wav- ering for some time at its high lev- el against the United States dollar eased oii‘ a cent in New York to 87. and the British pound was a couple of cents down at $3.99,

The biggest reverse of the day on Canadian markets was the down- turn in wheat futures at Winni. peg. Wheat opened around 11.5 cents lower and despite sporadél: rallies extended their losses at the close, quotations of 67% for May, 59 for July and 61% for October lulu"! b91118 3 to 2%. cents lower thin Molid ,,. C tinued lack of BXDOXt demand, the 6551113 tendgn. W 01’ llifi British Pound on foreign exchange and heavy profit-taking all took their toTl.

Aithoush losses were twice as numerous as gains on the Mont. real Stock Exchange, they were smailin comparison to the advanc. es dim"! U19 Past week and there was some sign of enthusiasm Just before the close. Base metals again led in activity, nickel closing down at 14.50 after dipping to 14,19,

PARTIZAN

(Continued from Page 1) ed to use the radio question for po- litical purposes and nothing else.

Cilmaxing the two-hour debate was the charge by Ross Gray, (Lib. Lambton West) that Hector Char- lesworth, Chairman of the Radio Commission had made "political speeches" in Montreal and Toronto. The Ontario rnelrlbe ‘ed, “a curb on the indiscreet verbosity" of the radio chairman. J. F. Pouiiot, Lib., Temiscouata, suggested Mr. Charlesworth be "fixed" like an im- polite small boy.

Speeches made by the radio chair- man had not been brought to his attention, said Hon. Alfred Duran- ieau. "But 1i the statute under which the Radio Commission was set up. gives me power to intervene, 1 will do it. I know my duties and I will perform them to the full-within the scope oi the act."

Liberal members led s general onslaught against the resolution ai- though they passed it without divis- ion. They said it would place the Canadian Pacific Railway in an ad- vantageous position over the Can- adian National to have the latter roads radio plant handed over to the National Commission. On tilc other hand, Hon. R. J. Manion, Min- ister of Railways, said the C, N. R. was glad to get rid oi the plant, it

1929. I-le considered _lt a good buy and a good sale.

‘The deal had been arranged en- tirely between the Radio commission and the Railway, said Dr. Manion

do with it. The cost would be levied against the fund created by license fees paid by radio listenérs.

As far as he knew Russia would not be a factor in world wheat mar- kets in the immediate future, Mr. Bennett said when it was suggested Canadian relations with Russia might interfere with any broad step to improve the wheat situation. The Prime Minister opened the in- terview by reading a prepared state- ment after which he invited ques- tions. The statement, follows: “The President of the United States has done a great and helpful thing in asking the representatives of the nations to meet him m flash- ington. 1 hope and believe that from the discussions there will em- erge a united plan of action. The International Monetary and-Econo- mic Conference should in conse- quence be enabled to reach agree- ments which will ensure the enioy- ment by mankind of prosperity and happiness.

"Individual nations and groups of

The YWCA. In Visitors To.

Yesterday afternoon in the Cun- We s In d l e s

the Y. w. c. n. by the score or]

plenty of competition. 11bi- the win-I

' tiai possibilities for a mutually fld~

i

Expect Increase I

(Special to The Guardian)

MONTREAL, Queq

Summer visitors carried from Mon- ‘ .rcai to Bermuda and the British West Indies last year aboard the Canadian Nationals “Lady" liners were 16 percent more numerous than

those carried durirls the same per- '

iod of 1931. A further increase is ex- pccted this year, beginning with the initial departure, that of the "Lady Summers" May 3 for Bermuda, the Bahamas and Jamaica. The “Sum- mer" season in question is from May to November, including both months.

June and July account for most of the increase. These figures are interpreted as the result of two facts in particular, a better knowledge in Canada of the West Indies as an ideal summer vacation land, and a better knowledge of the modern ser- vice offered by the Canadian liners-

CANADIAN PRIME (Continued from Page 1)

think the Ottawa 11816011191115 would in any way affect the poten-

vantageous agreement between the two neighboring countries. Anothegquestion much stressed in the United States, particularly since the country went off thc

April 2s. - l

FUR BOYS AND UTIIERS

‘Through (he curlesy of Mr. B. W. Tufts, Chief Migratory Bird Officer for the Maritime . Provinces, the Guardian is in a position to present a limited number of boys and others Znlcresied with the booklet ‘Bird lluusi-s and their 0c- cupants" by P. A. Trovcncr. Application should be made (o “Agrlcola" care Charlotte- zewn Guardian.

Notre Dame De

Grace Team Loses First Tilt

WINDSOR, Ont., April 23.-—Rip- ping the scoring throttle wide open in the first 10 minutes of play to pile up a l0-point lead, Windsor-Walker- viilc Alumni coasted to a 39-24 vic- tory over Notre Dame de Grace Community Association of Montreal in the first game of the Eastern Canada senior basketball finals here Saturday night. The game was wit- nessed by approximately 1,600 fans. the largest assemblage to see a. court contest here in the past two years.

As s. result of Saturday's triumph the Border cagars will carry a com- paratively comfortable 15-point lead into the second and last game of tilc series to be played tonight.

gold standard was whether Canada was on or off the 801d biisls- Tl"! Prime Minister made it clear that the Dominion was off Billd-

Mr. Bennett went further. I-ic said that technically Canada had not been on the gold standard since 1929. Although he did not go

RESULT

(Continued from Page l)

M educational grants, provincial tci-

lnto the matter it seems that be- fore the death of Hon. James Robb, then Minister of-Finance it was‘ necessary by means of an arrange- ment with banks to guard the Do-, minion‘s gold supply against de- mands that Canadian notes be re- deemed in gold. Since then tech- nically Canada has been off gold.

At prehent the export of gold is forbidden, except under license, for purposes to meet a public _need. Papermoney is‘ not redeemable in gold except in special and rare situations.

Reduction in wheat acreage was another problem on which the cor- respondents quevtioned the Prem- ier. Mr. Bennett said Canada ap- preciated the huge carry-over of wheat each crop yearwas a. real obstacle which prevented world prices approaching what the com- modity was worth. There had been some discussions as to the methods of reducing this carry-over. The Associations of Wheat Growers had given consideration to it but no definite action had been taken. It was a matter for the Prairie Prov- inces to handle.

Many questions were asked about the impending conversations be- tween President Roosevelt and Mr. Bennett, which it is hoped among other things will lead eventually to a trade agreement. The Prime Min- ister said he would have to answer in the negative the question as to whether he had definite proposals ready to submit to the President. Ho would probably be able to tell them- more later in the week.