JUNE 28. 1'95:

(1-no cuanouuv, WN

Tiestive Week

'Next Sunday Dr. Hugh Miller.

rormer minister of Trinity will be morning preacher and Dr. J. S. Bonnell of-Fifth Avenue Presby- terian Church. New York. will be the evening preacher. owing to on fact that Festive Week begins on Sunday night the session of 'Irmit.y United Church decided to celebrate these special services.

The Wesley Radio Quartette of

Record Sale Of Chicks Anticipated

it is generally expected that Vmicc Edward Island chick l'.lll.Cl'lClilES will take off their last ,..,:chcs as of July ioth or 15th. wporta Mr. F. M. Nash. District Inspector, Poultry. Products. Un- '.-.- something unforser.-n happens. -. iccord will have been created the sale of chicks. The prev- - record was for 1949 when .-ms amounted to 'lEa'l.790 Chicks- vjstli one full hatch to come off year before hatcheries close. -1: sales are 755.502- ll hatcherics in the Province '..;.oi-atc under Government Ap- Zp-uval. Generally. it has been 8 1.: good season for operators of ihntcherles. There has been no ap- Qparc-nt disease found in BUY 01 the 1('l'.l('KS produced by hat0hE1”195- 3Somr- chick losses have been re- i,,.,.-ted by some purchasers but 'inose.l1ave not been exceedingly ltlieavy-i nor of a serious nature. llis of this date. Provincial hatcherir-s have found ready safe for all chicks produced. It is hoped that chick purchaser will find ready ma profitable sale for their pro- duct during the season 1951-52. Egg production is showing the llsiihi seasonal decline. The mar- ket for the product is strong with 'he result paying prices have been mcroased. operators of izmdine -iriiinils are now quoting Pl'0di"” ms for iingraded 0.185 ML 51- AM .9, A Small 50. B 40. C 37. Deal- era are quoting for the graded

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BIRTHS. MARRIAGES

DEATHS 50: per Insertion

BIETII S

.m..-:----- MwLENNA.N-uAt the PPrince Ed- -;.-am mam: Hospital. June 25th. 1951, to Mr. and Mrs. Spur-goon MaoLennan, a son. Gordon L?”-

.ill.NOT'.l.'-At the Woman's Hospi- :al, New York, June 23rd. 1951, to Reverend and Mrs. Robert J. Arnott (nee Catherine O. Bonnell) A daughter. Catherine Anne.

NIMQUARRIE -- At the Prince Vounty Hospital. June 19th, 1951, to Mr. and Mrs. Charles Muc- Iiu.-irrle. a son. Weight 7 lbs. 716 M5. Harold Francis.

MoKENNA-At the Charlottetown Hospital Juno M, 1061. to Mr. and Mrs. Reid McKeoinu, Springfield.

, Mass” a. daughter, weight 7 lbs..

H 02.

DEATHS (EARN!-ilUltI--At 58 Victoria Street, June 27th. ' 1951, James -Henry winrnlium in lils 62nd year. Re- "rains will he lrnnsfcrrcd this morning from the Ciiicllffc Fun- eral Home to his late residence. Funeral notice later.

IIOIISTON-At 10 West Sircct.on lucsdoy, June 26. Mrs. (Dr.) J. W. Houston. Funeral from the iim-Lenn Funeral Home today Hlhurstlayl service starting at 2 nrlnck. Interment Sherwood Ccnictcry.

ft.iLLA(lliAN -- In the Char- lottetown llospltul on Wednesday. .mm- 27, Mrs. Ambrose Callaghan oi Auburn in her 64th year. Her remains will be transferred this afternoon from the A. R. Hermes- scy Funeral Home to her late residence. Funeral arrangements will be announced later.

an. Maolean

UNDERTAKI-IR ssrnasman Charlottetown and No:-iii wiicuimo

' PIIONI m

Services

A ,. Moncton will sing at both morn- ing and evening services and at both services those attending from outside Charlottetown will be given special recognition. At 5.30 pm. the ladies of the congrega- tion will serve tea. in the Social Hall and all those attending the services from outside Charlotte- town are cordially invited. It will give old friends an opportunity to meet Dr. Miller and Dr. Bonneli.

pack delivered AL 69. AM 67. AS 58, B 57, C 45 and. wholesaling to retailers at AL 72. AM 70,gAS 61, B 60. C 48. Eggs are retailing to consumers at AL 72-5. AM 68-9. AS E-5. B 58-65 C 55.

Poultry receipts are increasing and dealers are paying for chicken, live. No. 1, under 4 lbs. .30. four to five lbs. .35, over 5 Has. ..'l7.

Fowl under 4 lbs .2x. four to five pounds .33. over 53 lbs .35. Chicken, dressed. Grade A. under 4 lbs. 35, four to five pounds .43, cvet 5 lbs .46. Fowl, Grade A. un- der 5 lbs .30, four to five pounds .38, over 5 lbs. .40.

Brig. Walsh To Visit Ch'iown

HALIFZAX. June 27 - 4CPl .- Brig. Geoffrey Walsh, recently appointed commander of the 27th Canadian Infantry Brigade Group, will arrive in the Maritlmcs Mon- day, the Army announced tonight.

During his five-day stay, Brig. Walsh will visit Moncton. Char- lottetown, Halifax, Camp Alder- shot. Fredericton and St. John's, Nfld.

New Oil Opens At Edmonton

EDMONTON. June .'?l --(OP) -- Alberta's booming oil and gas in- dustry today marked anolhcr milestone when British American Oil Co. Ltd. officially opened its ultra-modern. s7.(l00.00(i Edmonton

refinery.

Embodied in the plant is Al- bert-ais first catalytic cracking unit. which makes possible the

production of high-octane gaso- line. The company's only other "cat cracker," Canada's largest. is I at Montreal.

F Baptist WMS Meeting At Springfield West

- The Baptist TV. M. 5. Annual Meeting was held in me Spring- field West Baptist Church recently, with the president, Mrs. Nell Boul- ter presiding. The meeting opened with the hymn "I Love to Tell the Story" followed by repeating in unison "The Joys of the Mission- ary Task. The scripture rvatllng was the eleventh chapter of lich- I rows. The roll call was answered ,by a verse of scripture. The min- .utes of the last regular and the j last annual meeting were read and adopted.

The following are the officers elected: President. Mrs. Neil Boul- ter, re-elected; Vice president, Mrs. Percy McPherson; Secretary, Mrs. R. L. England, r-elected; Treasur- er, Mrs. Leslie Mclmnii. re-elected. The members of a social committee arc: Sprinrzfleld We-I. Mrs. L. England: Locke Ronni. Airs. Chiirlos Rix: Dimblane. Mrs. Percy Mic- Pherson: O'Leary. Mrs. (I 0. How- lett. The .mem.bers of the finance committee are as follows: Mrs. Elia Dyment. Mrs. Net. Iioulier. Mrs. Percy McPherson and .-Virs. Charles Rix.

The prize winners thfs year were: First, Mrs. Jennie Brewer: second, Mrs. Ralph Maofsaac; thlrd,. Mrs. Edison smith. Prize donors for the coming year: First. Mrs. R. 1.. Eng- land; second. Mrs. Ella Dymcnt; third. Mrs. Edward Cain.

The finance committee reported a total of 5300.00 raised. or that total. the birthday box contributed 'Sl8.54; thc thank offering 520.60; the dues 5:19.40; the apron 527.00; the Easter offering 319.30: the sun- shine bags 338.00: the bazaar 5100.00 and the aid fund 329.00.

The next meeting will be held at the home of Mrs. Ralph Ellis. The closing hymn was "Day Is Dying In The West" and the meeting closed by The Benediction.

IDNDON -(CP)- Men who took part in the famous naval raid on the French coastal town of St. Nas- aire are to appear in a new British

film based on the attack. Trevor"

Howard will play the leading role.

Sensational

LI

Supervisory Aspects Of Life Insurance lieviewed

"The Superintendent Looks at Life Insurance" was the subject of an inifoi-rnafive address by Mr. J. W. MacKlnnon, Superintendent of Insurance for Prince Edward Is- land. at the annual meeting of the P.E. I. Life Insurance Underwrit- ers Association here yesterday.

Although the first Canadian life insurance company began doing business just over one hundred years ago, it was only during the last half century that life insur- ance has come to play such a large part in the life of the aver- age Canadian, Mr. Macxinnon said.

"In 1896 the average per capita amount of life insurance in force in Canada was only about 570.00. in 1948 it was over Si,000.00. The Companies and their agents have rendered a great service to this country by providing the means through which Canadians can achieve voluntarily a large meas- ure of security.' It is because of the great importance played by life insurance companies in the lives of our people that the com- panies and their representatives are subject to such careful super- vision by Federal and Provincial officials operating under the In- surancc Acts of Canada and the various Provinces.

"The Federal Department of Insurance concerns itself with keeping a very careful check on the financial position and the con- duct. of the affains of all compan- ies licensed by that Department. Provincial Superintendents on the other hand license agents. and are alert to see that the provisions of the Provincial Life Insurance Act are complied with. In addition some companies have provincial licenses only. In' this case the Superlnvtcnvdent for the Province must watch carefully their finan- cos.

Benefits of Uniformity

"In coiiriection'with the Provin- cial Life Insurance Act mentioned above. I would like to pay tribute to the work of my predecessors in office and of the Superintendents of the other Provinces. who in co-orperation with one another wore. able to draft and obtain the cnactment in all the common law Provinces. that is all other than Quebec, of a uniform Life Insur- ance Act. The benefits of uniform- ity in. assisting the conduct of business and in making the law more easily enforced and under- stood all over the Dominion can not be over estimated.

"The Superintendents of Insur- ance meet every year to consult with each other and. with repre- sentatives of the Insurance Corm- panics with a view to seeing that the uniform Act is kept up to date and that any necessary changes are drafted and made ready for presentation to the sev- eral Provincial Legislatures. An example of an amendment to the Act made necessary by the growth of a new form of insurance was the Group Life Amendment of 1048. .

"When the Act. was passed in 1924 Group Life Insurance was in its infancy and no attempt .was made to make any special pr is- ion. for the rights of the various paities involved. Since that time. the amount of Group Life Ingu.-. ance in. force has lncmased so much that the Superintendents' Association. decided that'a.mend- ments were necessary to clarify the application of the Act to this type of insurance.

"The Obit”-ct of the Provincial and Dominion insurance Acts is. as far as possible, to protect the public. This protection extends not only to the provisions relat- ing to the rights and status of beneficiaries, their designation by the insured, the apportionment of the insurance money and all pro- visions respecting contracts. but also to the investment of ihegreat amounts of money held in trust for policy holdens.

"As underwriters, yo are doulbtlcss well aware of e very good use to which this money is put, but it prclbably ncvcr occurs to the average policy holder that the sidewalk on which he walks. the house in which he lives, the store in which he shops, or the building in which he worksallmay have been partly built through the use of the funds which he and many other policy holders have conrtrilrutcd.

Investment Problem

"Tho problem of invcstnicnls for the life insurance companies has become exceedingly difficult dur- ing the last decade. Inflation has been abroad in the land. An ex- ccllent illustration of its effect was given recently by Mr. Carroll M. Shanks. President of the Pru- dential Insurance Company of America, when he said that, in spite of- the great increase in the amount of insurance in force in the United States since 1945. in icrrns of 1945 dollars, there was scarcely any per capita increase at all. in other words, the increase in insurance in force was barely keeping up with the diminishing value of the dollar.

"Inflation thus robs the average policy-holder. It does so because

the companies must invest largely

O

llEil1'liAL .GllAilllIAll

This colusnn ls reserved for news of local Inlcrclt. inn advertising of a. news: nntaro may be lnlsrtol llvo cents I ward. otrloth pay- able in uivnnuo.

Mr. J. W. Macliinnon ......:::Z-:----

in bonds and mortgages which are safe from deflation. but very vul- nerable in inflation. Recently in Canada something has been done to enable the life companies to invest a small portion of their as- sets in certain types of common stock and in revenue producing real eetalb. Generally epeaking, however, since policyholders' dol- lars must be protected, bonds and mortgages which are comparative- ly safe must be used for the great bulk of insurance company in- vestments.

Tl

"As the value of these securities is diminished by inflation, insur- ance companies, policyholders and underwriters all must seek to pre- vent the introduction by those in authority of any program of an inflationary nature. Low interest rates comlbined with easy credit, high Government expenditures,

cessively large capital invest- ment whether private or Govern- mental. an uniwiilingriess of the public to save-all contribute to an over-supply of money and an under-supply of goods and, hence, bring higher prices and a shrink- ing dollar.

"As life underwriters it is your duty and responsibility in fight inflation by every means in your power so that insurance invest- ments will always represent sta- bility and security to those who placed their confidence in your hands."

Premiums And income Tax

"One relforrri that has been men-

tioned recently and which is well worth your carevful consideration I is the proposal that life insurance fpremiums should be exempt from 'all forms of income tax,” Mr. ,MacKinnon continued. "From 1942 to 1944 an allowance was made ifor insurance premiums in calcu- lating the comtpulsory savings por- tion of the income tax. This ex- emption was not extended to -make it apply to all income tax I payments.

"It has been argued by advo- cates of this idea. that premiums could well be made free of tax without serious consequence to governmental revenue. In this connection the speaker noted that in Great Britain insurance prem- iums are not subject to taxation and if Great Britainis finances can Stand 31. Canada's can. It has also bcenppolnfed out that the imple- menting of this proposal would do much to encourage thrift. ll might even. be suggested that the introduction of this change might compensate to some degree the average policyholder for the loss- es he has suffered to those he and his family will suffer because of the declining value of the dollar.

"There were at the end oi? 1948 more than 4lt million life policy- holders in Canada owning a total of 13 billion dollars of life insur- ance."I'his," Mr. MacKinnon said, "indicates public confidence in the insurance companies, but it does not necessarily imply that the Public has an understanding of the product it has been sold. It docs indicate. however. that ilfel insurance would not have its wide . pulblic acceptance today if it. had not been for the Life Underwrit- er. In fact, nearly all of the in- surance in force in Canada was sold, by Life Insurance Agents."

Mr. Macxinnoii went on to cm- I phasize the value of the life in-

WE'LL he arcing you zit. our Big 9 day - Friday - and Sziiurdn '! and hustle in all the I-lol

want too! Everything is marked

for you and she'll give you Ballots

one-Como nil. . . . All Roads Lead

- G. ll.

nn Stores this morning. . . we mean EVERYONE is busy getting ready for the "D0"! really tremendous Bargains for all of you, from the littlest to the blggcst. in every Holman Store and in every Department. ccivcd your big Birthday Builctin and we know that you have plcketi out the things you'll want . . . but there are oodles and oodles of other worth while savings in Unndvortised Merchandise that you'll

POLICE COURT - In City Police Court yesterday a. drunk and incapable was fined S5 and costs. A man charged with inde- cent, assault was remanded to July 10.

EVENING CLASSES in Life Saving and Instructor Training in Swimming and Water Safety will be conducted by Red Cross Sup- ervisors at Brighton Beach. Open- lng session Thursday 5:30 p.m. If you arc-'lc,eenly interested you are welcome

FUNERAL YESTERDAY - Funernl services for the late George T. I-Iardle were held from St. Paul's Church yesterday after- noon, and were conducted by Rev. W. A. Ferguson, D.D. Pallbearers were: A. ll. Mould, F. B. Conrad, E. C.'. Baker, Dr. J. P. Miller, Dr. J. w. Ma.cKenzie, G. E. Hartlen. The remains are being forwarded this morning from the MacLean Funeral l-iome to Montreal where interment will take place Friday afternoon.

IN MEMORIAM

MRS.

WILLIAM MIcWl'LLIAMS

A large circle of friends heard with regret of the passing on June 10th of Mrs. William Macwilliams of Ocean View in her Bath year, after a short illness.

The late Mrs. Macwilliams was well liked by all who had the pri- .vilege of knowing her, and her passing, although not unexpected, came as a distinct shock. She was -the third eldest daughter of the late Andrew and Jessie Ross; of Pinette. Mrs. Macwllliam was stricken about two months ago and despite the best of medical skill and tender nursing the end came peacefully on the above mentioned date.

In addition to is sorrorwing hus- band. one son is left to mourn the loss of a kind and loving mother. There is also one sister, Miss Sarah G. Ross and one brother William Ross of Pinette left to mourn their loss. The funeral took place from her late residence on

June l2tii and was largely at- tended.

Services at the home and grave were conducted by Rev. .1. H. Bishop. Interment was in Belfast Cemetery. The following were the pallbearers. Messrs.

Angus MacLeod, John MacKenzie, Percy MncKenzie. Ewen Mac- Eachem, J. A. MacDonald and Sinclair Ross.

osno -(CP)- severe drought is threatening farming in the western and central districts of Norway. In other districts farm work was re- tarded two weeks because of linger- ing snow. -

I

surance agent's services. and the. increasingly high qualifications re- quired in the profession. Nearly all the companies. he pointed out, now offer a variety of training courses for agents. The insurance dc-partmenvts of the various Pro- vinces and States have in recent years realized the need to screen applicants for agents licenses: but it was only in 1940 that New York State required applicants for lic- enses io pass an examination on the elementary principles of life insurance. Aisimilar system in this Province, he suggested, was a question worthy of thought.

The greatest improvement in the training and, hence, in the status of the agents, however. come about through the efforts of the Lire Underwriters Association. wlilcii began its C.L.U. program of study of ism. This course takes a minimum of three yeans to com- plete and covers all aspects of the work of the life underwriter.

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Thorc's ll tcrriilc stir and bustle. rustle

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DAY PARTY -- Thursday, Friday and Saturday!

Masonic Grand lodge Elects New Officers

The annual communication of the Most Worshipful Grand Lodge of Ancient Free and Accepted Masons of Prince Edward Island was held in summerside yester- day. The meeting was presided over by the Grand Master. I-I. Randolph Carruthers and Was at- tended by a large number of dele- gates from the various Lodges throughout the Island.

A charter was granted Corinth- ian Lodge Nn. 19 which is located at iO'Leary. This Lodge was in- stituted last year and has been working under a dispensation granted by the Grand Master.

The officers of Grand Lodge for the ensuing year are as fol- lows:

Grand Master, J. Archibald Thompson, North Tryon; Deputy Grand Master, l”-irederick I. Bell, Summerslde; Senior Grand War- den, Douglas D. MnoLaren, Mon-

tague; Junior Grand Warden. Mal-

colm llncxonlien Charlottetown: Grand Treasurer. 2.. ll. Kemp. P. G-.M., Charlottetown: Grand Sec- retary, L. A. Mcbougall. Charlotte- town; Grand I-Iistorian.R.H. Rog- ers, P.G.M.. Charlottetown; Grand Lecturer, W. H. Darrach. P.GM., Kensington; Grand Chaplain. Rev. E. G. Evans, Charlottetown; sen- ior Grand Deacon. D. S. Montgom- ery, Port Hill; Junior Grand Dea- eon, C. G. Lord. Charlottetown: Grand Director of Ceremonies. Ralph Monkley. Summcrside; Grand Sword Bearer. E. C. Mac- Millan. Charlottetown; Grand standard Bearer, James Cole, Stanley Bridge; senior Grand Stewart, James R. Murphy. Sum- merside; Junior Grand Stewart. Fulton Robertson, Hunter River; Grand Pursuivant, Errol Stetson, O'Leary; Grand Tyler, Chester. Palmer. Summerside.

HUNTER. RIVER W. M. 8.

The June meeting of the Auxil- iary of the W. M. S. of Hunter River United Church was held at the home of Mrs. James G. Wood. "Worship Work” was the theme of the meeting. During the wor- ship period the following hymns were sung: "Thou Glorious God. Before Whose Face". "0 Happy