PAGE TWELVE

thousands

Scotia.

and of children, too.

What did this active money

to day operations.

to these public bodies.

The hgure of S8i8,lO7,5Z4.13 represents the total assets of The Bank of Nova Scotia as at October list, 1950.

This large sum exists because tens of of Canadians deposit their money in The Bank of Nova

It is an accumulation of active money made possible by the savings of men and women-

s8l,8S8,S36.22 to be exact-was held.by the Bank in the form of cash, for the Bank's day

Another part of it was loaned to the Dominion and other governments of Canada, the provinces and counties, cities and towns. This money helped to build schools, roads, bridges, water- works, parks, public buildings and to provide a variety of community services. A total of 3249,620,l56.88 was on loan in various forms

But the biggest part was put to work by thousands upon thousands of individuals and

THE GUARDIAN. CHARLOTTETOWN

continue to

W6: I0 .524. I3

75373? dafafmaneyd W

panics. These people, alone and in groups, borrowed John Smith's, Mrs. Brown's and Dr. Jones' money to buy machines, materials, stores, and buildings or to provide working capital, so that they could make and sell in increasing abundance all the varied things that all of us want and use in our daily lives.

Farmers, for instance, were able to improve

HEW

part III

do? Part of it-

their livestock, to build new barns or acquire ui men: P

they were able to borrow

t e money entrusted to the Bank.

Individuals with sound business-ideas were able to turn these ideas into useful enterprises.

Companies were able to grow and make more

and better jobs.

That part of the Bank's assets being used for all these varied loans, both in Canada and abroad, totalled 3366.71-1,962.74.

Yes, 38I8,l07,524.l3 is a lot of money. But, through the services of The Bank of Nova

Scotia, Canadians across the land, by putting

"Ellie lBl.5.lNlQoil Ndllllil SC6Q)flll1ld .I,,,,.,.,,.,.:

.A SIGN or soon FRIENDSHIP

this money to work for themselves, were able to serve the best interests of every Canadian.

c

E. M. Robinson, Manager, Charlottetown. P.E.I.

HALIFAX. iNov. w-iCP)-Rap

veed, principle cause of hay fever

i i i

YOU CANT BEAT

BUCKlEY'S MIXTURE

SPEC

FRIDAY 6: SATURDAY

is on the increase in Nova Scotia

l and unless controlled will pucsentlli

a serious health menace and have an adverse effect on the tourist in- dustry, provincial and agriculture today.

authorities said

OTTAWA. Nov. 22 - (GP) -. Michael Pollock, admitted master- mind in a series or cheqque forg- cries here, was sentenced today to n year in the Ontario reformatory. Pollock. 23-year-old Toronto mall-

cheques on Ottawa banks.

IALS

pleaded gumy ot ml-gm! Severalrsnimals to remain outside so far.

ORANGES freq. 3 slot. for Sl.00l SPECIAL-4 doz. si.oo

s'A:oN-Maple Leaf

ll”-tsney. reg. 79: lb.)-SPECIAL, lb. . . 59:

aurrsn. icreumeiy. 2 lbs. ....... si.i9 K-RAFT CHEESE. pkg. . .. 29: :i-?iEe7'y:.T3iJi7E.”.". . . . . . . . . .. 59: G. F. JUICE. 20 oz. fin. 2,for . . . . . . . . 35-: ii.siBEb'Tiu:EIio 3:. for . . - - 39c Ficus PLUMS, 20 oz. viii. I

Rindless

(reg. 21: tin)-SPECIAL. 2 for .. . . .. 31:

HADDOCK FILLETS. lb. . . . . . . . . . 37:

SMOKED I-'-ILLETS. lb.

35:

FRESH I-IADDOCK. lb.

25:

FRESH CODFISH. lb.

I5:

sums. lb. 35:

EELS lsltlnlessl lb. ..

20:

FRESI-lSAl.MON,lb................65:

Lge. comes miciisiist. eoeli . . . . . 25:

Phone 2696 IF

AllllllEWS'

, suits, or PIIOVEI miles

Phone 2691

health. touristl

H A Feature For Every Friday

Clipping of Cattle

Mild weather has made it pos- sible for young cattle and beef

However, they have been growing a heavy coat of long hair for iproteciion and when stablcd Will suffer from the heat. Farmers who have the necessary equip- ,mem, can promote the well being so! their cattle by removing the long hair from the flanks, back and shoulders of the animal.

l When cattle are stisblcd they should be checked for lice and treated when necessary. Lice iquire feed but return no profits lfor their keep.

I Dairy Boaird Roloues Butter

l The announcement by the Dairy Products Board that their hold- lings of butter will be released at .57 cents A pound in the East. will insure our consumers, of isuppliea of butter at a reason- lable price.

Without Government support dnirymcn would have received .low prices during the period of ilicavy production and during .the winter months, as the pro- iduct became scarce, consumers would have had to pay all the traffic would hear. . The not results arc. fair prices lie the producer. reasonable costs lie the consumer. no loss lo the lDulry Products Board. and gen- icrai stability for all concerned.

Toronto Saturday

Toronto Saturday night. which specializes in capitalistic back- scratching. professes in A recent editorial not to be indignant over the -efforts of organized rigrlcul- lure to promote the consumption of wholesome home produced but- lter in preference to is substitute mnnufaeiurcd from imported oils. Saturday Night is quite ' tent in its policy of plugging for proflts for big business and shows lnn evident lack of sympathy for lthe welfare of dairy farmers and is lack of appreciation for the importance of soil fertility. it aympathlles with the west- ern grain grower, who is helvig asked to pay twenty cents a

KINli lllllli

Night

Iliii lllll lllll I;iliI'l'Ifl

i l M TEA

i Among The Farmers Federation Of Agriculture llews

re- l

I i

pound more for butter in order to help eastern dairy farmers, and remarks that this can be charged up to the cost of soil- darity in Canadian agriculture.

What Saturday Night does not realize is that one of the most significant developments in Can- ada has been the establishment of unity nmong Canadian farin- crs from coast to Coast. Ti-uls' an outstanding achievement on the part of the Canadian Feder- ation of Agriculture.

Price Support

It is loo soon to form any opinion as to the probable re- sults from the latest representa- tions made to the Dominion Cab- inet in regard to price support for potatoes. We, cannot expect that Ottawa will willingly assist

the potato industry by is trans- ference of public funds without some struggle.

For the information of our readers who may not be familiar with the background of price support legislation, we quote,

from a national broadcast mode on December 4, 1943 by Prime Minister W. L. Mackenzie King:

"I wish to thank the farmers of Canada for their magnificent contribution In the battle of pro- duction. 1 wish us well to appeal to them to continue to help hold the front line against inflation by continuing to support the price ceiling. If. to help win the war, the farmers are asked to accept it ceiling on prices, we be- lieve they are entitled to a floor under prices to insure them against an agricultural depres- sion after the war. As an essen- ilal pan of its post war Policy- the government intends to risk Parliament at the next session. to place a floor under the Drices of the main farm commodities."

Again we quote from the Speech from the Throne, cloainz the fifth session of the MM- ieenth Parliament on January 31. 1945.

"As It further safeguard of-I basic standard of living. provis- ion was made at the present ses- aion for floors under the prices of farm and fish products. These measures insure two great prim- ary industries against the hub!!! of a collapse in markets or price! after the war." '

Organized agriculture was hulls- ly favourable to the price sup- port legislation. but, pointed out that no formula or menu I... rod. to explain under what cir- cumstances and in what manner support would he applied in the

I event of falling. farm prices. had

been stated. The result has been that rs-V ther than giving support in I

prompt and liberal manner. that

My the policy for each case, has been Wivlied only after very vigorous representation made by organized agriculture on behalf of the in- dustry.

While we recognize that there are practical difficulties in the WW of devising a formula which would fit equally well the widely Vnrylng commodity situations which may arise, the absence of nny formula or general rule for the use of price supports leaves our producers in the unenvlable position of special pleaders on each commodity as these get l""0 dmlcllllyl it leaves is situa- tion open whereby tax-payers may compel political considerations to take precedence over economic safeguards to agriculture and the 3909791 9C9"0mY: and it leaves government members in a posi- tion whcre the -guiding prin- clple of their 'dt-cislons may be its little support as they can safely get awny with.

Bag Prloen

Along with low prices for the potatoes our growers are faced with increasing costs of Jute bugs. Today a one hundred pound juic sack costs thirty three cents. a direct charge to the grower.

Some years ago these sacks sold for as little as eight cents. Cost of sacks is a major item in the farm business today, in-

ASSETS

securities not ket value

full doubtful debts)

acceptances

Other uaets

L I A B I L I T I E S

Notes in circulation .. .3 81,808.02 Deposits --......-....-.-........-.g 749,011,541.”

Aeeeptaneea and letters of credit outstanding , .,.w,mHW, g 21J45'3”.” Other liabilities ....Cj 2,018,088.22 Clllllll - 12,ooo'ooo.oo Renerve fund - ,gg, z4poM'Wo.oo . Dividends declared and unpaid..- 425,179." Provision for extra distribution. 240,000.00

Balance of profits, as per Prom, and Loss Account gm, 3.2u'5g1.o1

flucncing llle price of what the farmer sells and also the price of the feed that he buys.

lllatrlcs Chairmen and Secretaries

The key people in our P. E. 1. Federation are tho school dis- trlet chairmen and secrelurics. On them. to 8 large extent, depend the development of interest in the organization. Unless the offi- cers are active and interesierl. district meetings will not be WEII iitiended and progress will not he made in acqualnilng the meni- bers with the aims and policies of the Federation.

Floyd Griesbaeh, Secretary of the Farm Forum, who attendrd ilie County meetings. Wits must impressed with ihc incl, tlini most of those who ntiended were (It'- lcgates who were in a position to express the opinion of their neighbors.

Veterinary Policy

119:4 The BAN K of NOVA SCOTIA

Cagiikelearingsp and

Government exceeding mar-

Our farmers have good reason to be concerned over the lack of adequate veterinary service in the province. provision of which, would prevent many of the losses now taking place and in- sure our livestock hrectlers some pence of mind.

The announcement. by the Pre- sident of the P.E.l. Veterinary Medical Association, that that

' OUR BOARDING HOUSE

Condensed General Statement as at Slat October, 1950 i

from 3l46.389.G82.72 public

....s 246.952.212.80

Other bonds and stocks, not ex-

ceeding market value .- Call loans (secured) -...C. ,, Other loans and discounts (after Provision for bad and

- 28.229.020.07 27,311,7M.0I

327.335.982.78

Liabilitica of customers under and letters credit (as per comm)

Bank premises ...... .-

of 21.145.888.52 19.121.740.60

620,024.18

.Q818.107.524.l8

8818.l07,g24.l8

body is prepared to co-operate in the setting up or a policy. will he viewed with satisfaction by our members. We trust that actr ion in thin respect will be speedy and successful.

Prince County Diroown

For the information of our Prince County members we pub- lisli the names of their directors for lhe coming year.

First District: Mrs. E. Stetson, 0'Lenry; Gregory Mclnnls, Tig- nlsh; John Clark, Alma.

Second District: Mrs. Mut-Donald. Mt. Royal; Dennis. Port Hill; George Shaw.

West Cape. Third District: Mrs. Arnett Simpson, Belmont; Angus Gillie.

Bziysidc, Richmond R.R.; Edward McGougun. Malpeque.

Fourth District: Frank Jar- dine, Wiimoi Valley: Allison Pro- fitt. Freetown: Mrs. Harold Lnird. Kelvin Grove.

Fifth District: Miscouche: Mrs. Hui-old Llnklet- tor. Llnltletter Road, Summer- aide: Charles Yea. Shsrbrooke.

Innis Small.

USED I-1001' POWER

A 160-year-old treadmill-opsnlied crane, believed the only one of its kind in Britain. is being preserved at 1-larwich.

MAJOR HOOPLE

THAT

3

E6AD,80)S! ANOTHER ORDER. MAKES 37 CUSTOMERS Tow ALREADY FORTHE "HOOPLE Al-Tera Au, HOT PDT!"--Ti-its USHEIZS THE IDEAS IN A new EPOCH IN PUBLIC Hr-:5 HAD THAT SERVICE -I-Bieeesr -films SINCE -rue INCAMDESCEMT LAMP!

RING THE

.d

X

M BELL!

WALKED THE-

Axkhhxsixkxbk-.

ll0LMAlllS

Ssininsrslds - cliarlottetovn :

Borrow from Household Finance on your signature. No endorsen or bankable security needed. We specialize in prompt cash loans for any good purpose. 3 out cold prefer Household Finance for fast. friendly service. Phone a stop in today! casiaiirs isactsi sun ointsi toitsussss mtsistt osoaiiimioit Phone, wrlls or visit

IIOIISEIIOI-D FINANCE

I I I-1 I I Sutton Inns loom 2. lbllllpa 5. Phone I MI CIIAILOTIITOWN, I.l.l. Noun 7 lo I or by uppolnimsni lulu node In W! of nearby town: sssvina ssl rust: Inca tau

The favorite tiss e of Canadian liousewivesl

i2.-..ii.'25i