-- sarramaa 21‘. 1949"

£55’; Zalk

flies yeaaq people got. mass ried, these days, one of their biggest problems is to balance the bud at. There are so many things t ey’d like to have — perhaps a radio, a. new auto- mobile, a home oftheir own. Or simpler things like furnish- ings for the den or the spare room, new drapes, or even going to the movies. Yes, there are all kinds of ways to spend mon- ey, and all kinds of nice things to buy.

But let me tell the young husband something. He's going to be e whole lot happier if he

chines 0”“

‘ .

iiriwnriwlirhiiri“ uy3' “bu” e ou an a pen to him. Don't IorQQlTEBm: limes young husbands e. l'rn_ not. being morbid. It's iuet plain common sense. So,_young fellow, lust Jon look into your budgetin ght now, and put some of your savings into a. Sun Life insur- ance plan thalfll take care of the little lady you'd do any- thiagi for. She's worth it. stever your income, I think I can tell you bow you can go about it.

Let's talk things over—todayl

HAL BOIIAKER Unit Supervisor

Sill LIFE OF tllllll

148 Richmond Street Charlottetown, P. E. l.

NAPOLEON AND UNCLE ELM

Iv Clifford McBride

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“Meryl Look in the Guardian Wont Ads for a plumber to fix

ASSIIREO SATISFACTION

BY

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224 GT. BEIGE 8T.

YOUR USED CAR OR TRUCK HERE

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1947 DODGE SEDAN; FLUID DBIAVIZ

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MOTORS Ltll‘.

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Discusses What Devaluation 0t Pound Mean

I! SYDNEY GAMPELL leratera Financial Editor

One reason for devaluation of the pound ls to enable British ex- porters to ~sell more cheaply abroad and thus boost exports, especially to the dollar coun- tries.

B? llllélliening the pound, Bri- tain hopes that American, Can- adian and other "hard currency" buyers will find British products cheaper than at present and will therefore buy much more of them.

A simple example of how de-

. valuation will work is the case

of an American or Canadian who wants to travel. Hitherto he may have kept away from Britain be- cause he has believed British ho- tel charges and other prices too high at the old exchange rate. Now he will be able to buy more pounds for his dollars and will find a holiday in Brim“ much cheaper. Thus lt is hoped many more.-American and Cana- dian tourists will be attracted to Britain,

Imports from hard-currency countries will not cost any more dollars than before, though the dollars will cost more sterling. If wheat costs $2 a bushel. it will still cost $2.

Some imports from North Am- erica may even cost fewer dol- lars because the whole purpose of devaluation is to stimulate com- petition in dollar markets, which should obviously go some way to reduce prices there.

When sterling was devalued in 1931, almost the whole effect was to reduce dollar prices rather than to raise sterling prices. This can not be expected lo the same ex- tent this time, but some reduc- tions may be hoped rm;

Again. not all British exports will bring fewer dollars than be- fore. Some, continental middlemen

have uying British goods for so rency and then selling

MOST cosrs like up aur uco wan cosr no more THAN asroae THE WAR-THEY'RE DEPENDABLE BRIGHTER-LASTING

‘At-HUM;

lltlllllltifilfl ead IlI-IOIISGIII

them to Americans for dollars. Devaluation should help to stop this and divert these dollars to Britain.

Main reason for hoping that, on balance, devaluation will increase Britain's 5upply of dollars is the fact that more of her exports will go to dollar markets instead of sofbcurrcncy markets.

1f British export prices, in pounds, all stay unchanged, they will cost an Indian buyer just as many rupees as before, but they will cost an American buyer fewer dollars. Thi; will strongly attract sterling-area exports away from such countries as India and towards such countries as the United States.

On direct exports, British ex- porters, in their own interests, will not cut their prices in dol- lars on goods for which American buyers are prepared to pay as many dollars as before. They will go on selling at the old dollar price and make correspondingly- largcr sterling profits.

Whenever lower prices are ne- cessary to increase dollar busi- ness, however, it will be In the exporters’ own interest a; well as

Britain's to cut those prices. Un-' less British internal prices rise ' sharply, which is unlikely, they would be able to do so.

To the British man in the street. for all internal purposes, a pound i; still a pound: but there is a danger that the increased sterl- ing price o! imports from the dollar area may raise the cost of Living,

This rise should be small, -prob- ably less than five per cent and would be due less to the devalua- tion itself than to the measures that have been taken to make de- valuation safe.

If British workers insist on higher wages every time there is a small increase in prices, the devaluation could start an infla- tionary spiral. But financial ex- perts here thlnk this is unlikely to happen.

Every pound in the bank or ln any form of savings or invest- ment is still worth 20 shillings to the Briton, and i; as safe as it ever was. Indeed, by the meas- ures which have been taken f0 ensure that the devaluation strengthens Britain and the sterl- ing area, money in the bank and in savings is actually safer than it was before.

O'Leory and

-'.

If your dog could talk he'd fell you the satisfying goodness of DR. BALLARDfS. You can see for yourself how the nourishing meanness of DR. BALLARINS foods satisfy your dog completely, keep him In the pink of condition.

For best results mlx only DR. IALLARDT meal or blsculls with the tinned Champion or Health food.

Solld metal dog teo . . . engraved with your dog's name mfidreu for ANY THREE DR. IALLARVS labels.

on each

how much he low!

Vicinity

Mr. William Turner left on Sept.

15th, for Sackvlle NB. where he and Mrs. MacNeill left by motor on over the week end, Mrs. Senntori Ten Japanese soldiers who prayed

will take his senior year at Mount Friday Sept. li6th, for Allison University.

Miss Betty Thompson, student about two wrecks. nurse at the PEI. Hospital ln Charlottetown was a. visitor to her home ln O'Lenry on Wednesday.

Miss Wilma Ramsay RN. of the staff of Prince County Hospital,

Mrs. Earl Palmenwoodstock, her home ln O’Leury. underwent an operation in the Prince County Hospital, Summer- sidc, and is now resting comlorfa- Mr.

Mr. and Mrs. Claude hfacNelll, and Mrs. C.W. 0'Leary accompanied by their two daughters, Claudette and Barbara merslde, Kcnslngton, Cape Trav- and by Miss Isabel MacDonald, erse and Long River-on Tuesday- O’Leary, and Miss Nola Whitney of Jamaica Plains, Mass, who has Mr. and Mrs. FEW. Maolseod, been visiting at the home of Mr. Brae, had as their welcome guests

0

TRA lN-TRUCK COLLISION

POTTSVILLE, Pa. Summerside, spent the weekend at (AP)_.A Reading railroad passe“. ger train today crashed into a truck carrying 4,500 gallons of gasoline at a grade crossing near A and M“ RW- Machmd- Pottsville. The gasoline explod- b bly. Brae; Mrs. Fred Lusxon of Carleton; ed, kmmg one man and injuring 3' “'3' Gem“ MacArthur‘ Elmsdale four others, two critically. Flames

Yeaw“ °l B“ t th n th r nt cars of Harbour, Maine, motored to Sum- iriyeeplo_caioiigfln_ e m

Sept. 20 —

JAYS SENTENCE!) T0 HANG

Jamaica GH. Barbour, Mr. and Mrs. Shel- on Plains, nonr Boston, Mass, where don Duncan and sons Karl and they will spend a short holiday of Robert, Charlottetown.

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Swill

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You can‘ defend on Genuine Ford Anti-

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New spark plugs ease you money on evergd

and oorhncss ro mencc. Your Ford of’ ansda Dealer has the rorrerl type of spark plug forynur car.

Complete winlerizlrig aeivice ma»? mTre e23‘ anti-freeze-more than lust a change of oil. lord ol Canada Dealers from coast to coast odor complete S-WAY WINTERIZINO ssavrcs that will give p. trbhble-free driving for the winter months ahead: Your Ford of Canada Dealer is ready to completely winterize your ca: now; His expert servicemen- factory-approved equipment," factory-approved r methods and genuine parts provide a complete 5-Way Winterizing Service for safe, dependable, trouble-free‘ winter motoring.“

murder. A crimes tribunal

Central Mindanao residents ef-

jcer the war iverc sentenced today

hang for cannibalism, rape and Philippines was

sentenced foul panese stragglcrs to life im-

prisonment. Thrce were acquitted.

THE MODERN TOUCH

sasxaroou, Sask. _ (or) -<

new social note has been stru the Saskatchewan branch o

the Women's (Io-operative Guild-

drive-in tea, Held in a newly-

opened garage, servers carried tag cakes and sandwiches to the auto- mobiles. Therc W85 the usual lace- covered tea table, but bouquets or-

mented oll drums and the hyda

MANILA, Sept. 20 — (AP) —- raullo lift made an excellent table.

m

W.

tusalcarlon

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