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PAGE FOUR

- f TiiE . . liliAiiLliTTETliWii GUARDIAN

110ml . ltllly (Founded ui lam

Authorised oi socoiiii cum ruiiu. rim olrsoi P m“ rneiilrtmenh Ottuvru.

Y Bill. lun A. Burnett; Vice-President, Wm. ii. Burnett; SccL-Treusc G. M. Burnett; Editor iius “Nufl”! DlTWml‘. J- B. Burnett; Associate Eiltsoli

Frank Walker.

"The Strongest Memory is Weaker Than the Weakest Ink."

WEDNESD-fl. AUGUST zohbir

Britain's Dollar Crisis

Tile present Britisn da!‘or crisis, which has bee" Plelilllliuizd by the stiff terms of the loan agreement with the United States, may be mm. ed out as a result of a conference between fin. "llcllll “Pills 0f bvl-‘l court-res which opened this week at Washington. The hottest issue of the conference is expected to be the "convert- ibllity" clause of the agreement, under which since July l5, Britain nas been obliged to ex: clange pounds for dollars when any country trading with England asks that its trade balance be paid in dollars. This clause is blamed in part for Britain's heavy withdrawals in recent weeks on the loan. All but $853,000,000 of the $3,750,- 000,000 loan has been drawn, and treasury men predict that the whole sum will be exhausted by October-instead of next June—if drawing con- tinues at the current rate. The British negotia- tors are also expected to seek permission to in- crease Britain's imports from the Daminions, which could be paid for in pounds, at the ex- pause of fiaurchases from the United States, which. require dollars.

This is a matter of grave concern, not only to Britain but to this country as well. The situation ‘has been clearly stated by an official of the Bank of Canada as follows:

"The maintenance of our exports to the United Kingdom is of crucial importance to us, not only on account of their absolute magnitude but also because the United Kingdom takes so high a proportion of the particular commodities concerned. For example, before the war the United Kingdom took 50 per cent or more of our exports of wheat and fiour, non-ferrous metals and lumber and 90 per cent of our exports of meal’. The loss of the British market would have very pervasive disturbing effects through our whole primary economic structure. if we had to resign ourselves to this, we could n5 doubt make internal adjustments and seek a high level of employment in other way}. But the in- ternal adjustments would be painful and costly and politically difficult. They would involve moving large numbers of people away from their homes and traditional occupations and would necessarily result in a reduction in our standard of living."

The force of this analyses hos been increas- ed by changes in British impart policy made nec- cssary by the course of the war. Whereas Can- ada provided only 8 per cent of Great Britain's total imports in i938, this figure has risen to i7 pcr cent in i944. Before the war, Canada was Britain's sixth largest s-rpplicr of goods but by I945 she had become the second largest, with only the United States ahead of her. For the calendar year i946, Canadian exports to the United Kingdom were valued at approximately $597,000,000. Against that. Canada imported from Britain only $Z0i,i)00,000 worth of goods leaving a deficit in her trade with Canada for i946 of $396,000,000.

This large export trade has been made pos- sible only because of Canada's loan to Great Brltain. in the first five months of i947, how- ever, the United Kingdom has drawn on the Can- adian loan very heavily. According to the De- partment of Trade and Commerce in Ottawa, this increased demand is causing the $1,250,- 000,000 Canadian loan to be exhausted far more quickly than anticipated.

It is becoming more and more obvious that the question is not whether we can afford to make another loan or outright gift to Britain. The real question is whether we can afford not to. The alternative may well mean economic distress and unemploy.......t in Canada.

Exhibit fig. 369

Une of the most s-gnificairt pieces of evid- ence submitted on the railway freight rates question before the Transport Board was Exhibit No. 364. it was produced by Col. S. Currie, and was revealed during the examination in chief by Hon. J. L. Ralston, K. C., leading counsel for the Maritimes. lt is a comparative statement (show- ing tons of freight carried by large and small trucks in every province but Prince Edward ls- land.

The analysis reveals that of the total aver- age freight tons hauled by trucks during the five years, i941 to i945, about 5.3 million tons ure credited to Ontario and 2.7 million tons to Quo- bec. if these figures ure correct it means that of all the freight trucking in Canada the two Central Provinces are responsible for almost 80 per cent. of the i0.2 million tons averaged yearly in that period.

in contrast are the average yearly tons trucked in Manitoba and Saskatchewan during the period under review. Manitoba's five-year average is only 165,877 tons and Saskatchewan's but I33,- 339 tons. Highest of tho western provinces is B. C., credited with a yearly average of 940,344 tons while Alberta is next in line with 558,3i2 tons. Altogether the four western provinces con- tributed only about i8.6 pcr cent. of the total.

It would appear from the figures submitted that railway rates cannot be raised substantially in Canada's two most thickly populated and wealthiest Provinces due to intensive truck com- pstition._lf the total truck tonnage should be dBubled in the future, as suggested by one rail- way counsel, the largest percentage of the in- mass undoubtedly would occur in the two ceri- trol provinces, whm good roads on most con- ilucivs to the trucking business.

in the face of such svidiiiice, obviously the

"gliivuys will h unobls to place u horizontal

' f flflwlfllil" "flirts n.‘ sntiiu Domin-

t

ion, as theysuggested last October when they hi" mild? 19"" "Pltlicution for an additional $85,000,000 revenue. The increase would be tak-

wiih dangerous effects on the whole national vufiiiflm)‘.

- EDITORIAL NOTES —

Canada discovered this date i508.

I u

The international Federation of University Women held a meeting in Toronto. Evidently the Bluestocking Club has gone sufficiently mod- ern to adopt an alphabetical designation.

¥ I I ¥ The face of a gardener in Ottawa's Central Experimental Farm is rc-l but his roses are not. By mistake lie applied 2-4-D, a wood destroyer, instead of D.D.T. w t . w Directors of the Canadian NOilOflOl Exhibi- tion have shown imagination and good judgment in selecting Barbara Ann Scott to open "teen town" on August 22ml. A run-away binder on the St. Peter's Rood suc- ceeded in mowing down an electric light polc but failed to tie it in a sheaf.

l. s .. ..

A London doctor says that l7 is the natural age ot which to marry, but she fails to point out that the human race ceased to live a natural life when we discovered the use of fire.

. .. . .

A Reuters dispatch forcosis a tobacco famine in Britain next month. Sules temporarily drop- ped with the higher excise tax, but are expected to boom again at the enl of the holiday season.

. ~ l .

Now we know from official returns that Char- lottetown has the biggest income per family (not individual) of all cities in Canada of over 10,000 of a population. Similarly, the rest of the pro- vince has an average family income second to none as a rural communit/. We have always claimed we have no cxlremciy rich people and no extremely poor. This seems to confirm it.

w Or . .

Saskatchewan is aftcr Prime Minister King for a resumption of the Federal-Provincial Confer- ence. Premier T. C. Douglos has called for on immediate Conference to r-arlr. out details for implementing investment and social security proposals. in a telegram to Prime Minister Mac- kenzie King, Mr. Douglas said there seamed no further reason for delay new that seven provin- ces had signed tax ogreenicnts with the federal government. Mr. King had promised a confer- ence to explore invesimcnt and social security plans as soon as there was sufficient acceptance o.‘ proposed tax agI-eexncnls, fithe Premier said.

The Canadian Medical Association Journal has entered the butter-margarine controversy by claiming that "from thc economic and nu- tritional aspects, good margarine is superior to butter." Which brings the following reply from the editor of the Canadian Dairy and lce Cream Journal: "With synthetics almost anything can be done. But it seems ratlicr absurd for the anonymous writer in the Medical Journal to make such definite statements on the nutritive values without any supporting scientific data.

introduction of margarine into Canada

would cause a depressing condition to the dairy farmers. Normally the (lfllfy industry con supply ail the dairy needs of the Dominion with some- thing to spare." . .

Levy Davidovich Trotsky, Russian Soviet lead- er, assassinated in Mcxlcc this date i940; son of a Jewish chemist, Kherson, was educated at Odessa; joined the revolutionists and was exil- ed to Siberia; escaped to Geneva, return to Russia during the revolution of i905, becoming associated with the moderaie Socialists and op- posed the extremists hoadcd by Lenin; again sent to Siberia, and again cscaped, travelling throughout Europe until he returned to Russia as a German spy to fun the revolution of i9l7 where he was joined oy Lenin; on the accom- plishment of the revolution he became presidiuni of the Soviet Council, but differing with Lenin on policy advocating continued foreign war in order to keep Bolshevisln on its feet, he had to leave Russia, and ultimately found refuge in Mexico; an opportunist and political gambler, he was got rid of at the hands of Lenin Commun-

ists. I i I I

Sackville has been promised the modern dial telephone to replace the crank and bell system as soon as materials become available. The in- stallation of the new system may be completed by the end of i948. C. N. R. officials have been in consultation with town officials in an effort to secure water. lt appeared the railway tap- pzd S: crilles walcr supply without permission, which, when discovered, the town officials im- medately shut off. What agreement may be reached is not known. it has not been disclosed as to whether the town will seek damages from tho C. N. R. for the use of water during the post years, especially lust summer when for a period of three months every known precaution was taken to conserve the dangerously low water supply and the boring of wells and in- stollation of pumps cost tho town $50,000.

Q fi I A

Act, under which was passed last

The lndian lndgpcndcnco Britain gets out from pndor, month. As is now wall known it sets up as from August l5th two independent Dominion: to be known as lndia and Pakistan, and provides for. the division of asscts and lobilitics and of the army, navy and oirjorce, the form of govern- ment to be followed during the transition period etc. So less than I00 yocrs after the British Crown assumed responsibility for the government of lndia the British Crown hands it back to tho people of lndia, to two great Daminions, lndia w'i'h a population of 227 millions and. Pakistan with 69 millions. Pakistan includes the former provinces of Sind, Northwest Frontier, Western Punjab, Eastern Bengal and British Baluchistan. lndia consists of the provinces of Bombay, Mad- ros, Central Provinces, United Provinces, Assam, lihor and Orissa, Westsul Bengal and Eastern

Punjab.

en mainly out of the Marefiivzes and the West,‘

. m-a-lonmmmresze:

.- Lru/tlu.

AUGUST 2o. 194} __ .

ABlilli illE fllilllif?

.oooobooooooooooo,, 0o ~

Life

early up.

_THE _g (JHARLOTTETOWN GUARDIAN A, ’ Notes By The Way i. . t :; PUBLIL FORUM I . I 1' This column is open Lu onTlzaeiigtxnll-‘Iiugflr wesring shorts the discussion by our-r». slooklnz timw some at bulky‘ ‘i "Mum" "f ummm“ “' 0rd c. —Klfchencr Rec- :s interest. "rise ci-ii-loitistoivil ' u: Glllrliltrn does not necessar- "* ti; on one the opinion oi Hollywood lil i m“ money ‘f ‘tine! lgxuitiglrllsymogifi :I eouclllondentb I

market 1s closed to them Q“;- hearts bleed for the poor Wrebctleg who may have to subsist an u mere thousand u. week or so Ottawa Journal.

When Lewis F. Dougiss. new U. S. ambassador to Britain, Ieflchgd London he told the Brlttshers ""8" 1},“ l° W" 1hr “tlsll: little island by tricycle. Pathfinder re. D0115. The British cycling indus- try took him at his word and gave him o Mold-trimmed black enamel -‘°b 0085mm Chromium-plated nuts and brakes. In addition, tr has starlless steel rims, a flip- lrlgger. UUfEP-Speéd Seer and u headlight powered by u tiny dy- namo in the wheel hub. Doug. Ias‘ understandable comment m; that "it's some bicycle."

Windsor is likely to have s hilt- lrle club. This ls an excellent idea. Wfllklllg is splendid exercise, and there ls no doubt that the mod. ern generation does not do on. push oi’ if. The likelihood ts, haw- ever, that lne organization will fall to reacil the right people simply because those who need lt most Will not» be attracted, They are the ones tn whom walking ts a chore, to he avoided at all costs. The membership of the club. if it gets into operation. will probably consist mulr-ly of postman, retail salespeople and dentists. —Wlnd- sor Star.

Lofty mariner in which some people regard farm, work mp5; prove irritating to dirt farmers. The case ls reported of a man ar- rzvlng tn a taxi to work for a farmer in the Erin urea, the taxi bill being un to his employer It \\'.1.s $20. Next clay, the farmer found the laborer hitching up a horse and was informed that the hired man intended going back to the Pity. He lEii, but not, with the ilorse, At. any rate. the hired mull didn't. telephone for u taxi to take hlm back to the city. He sets some credit for that. —Taranto Tele- gram \

When you get right. down to basic facts or brass tacks. the nic-

kel ts an ‘llustration of what. troubles our economy today. The whole problem. as most of the

people see lt., is that you can't buy enough for a nickel. certainly not as much as you could before the war. Howevrr. the makers of the goods wntch we must buy have a problem too-they can't. produce as much as they used to for that some nickel. Part of the cause ls that. the worker. all along the line. wants more nlclseis so that he can buy enough of the smaller ntckeFs worth to keep going at the current high prices which his larger share of nlckels is helping tn crease. ~Sf. Catharlnes Strin- (lard.

So ion: as the man of the house continue."- to do the fdmily soap- pillg. DHJES of meat. will remam high. a man for years in the but- cher brlslrless reveals to The Bas- ton Pas". When n woman ours merit. she ponders long over the price, and generally decides that. 1t is too high. so she substitutes something else. On the other rand, when n man ls doing the buying. he doesn't. quibble over the price. He may have something to say about the high prices. but he wants the meat and takes it. regardless at the cost. The result is. snys the butcher, that what may be termed a buyers’ strike all behalf of the women ls nullified by their merafolk. And the mun who has to pay the bills might well gov: thls some thought.

Lucky is the man who can walk. lie ts n rich mun for the world ls his. Too frequently Cu- nadlans forest this fact. especial- ly svhere there ls an automobile at their command. Walking ts the best. and cheapest exercise for uil ages. If if. l: indulged in suffic- iently pills and diets may be thrown awnv and forgotten. The joys of walking whether in rm clly or the country never grow stale. When you grow sleepy or doped got out and walk. When you are blue and out. of sorts. get out. and walk. Get out under the blue sky and sunshine and you will feel better. On your vacatlon or your day off with the sun out in its glory or the moon at tls fullness, with a few moments to spare and no aeslre to spent. get

cut and walk. -Oolsury Alber- itsts. Advocates oi playgrounds urill

other supervised youth centres of- ten point. out that these facilities sharply rrdzlce juvenile dolin- lquency-cut. down the tall of damage l.o property, damage to youthful character, whlch result. from boys lnvtng plenty of time on their hands but nothing lo do. If ever s. printed illustration of

the trilth o.’ this assertion was needed, the experience of the lMoncto-t Y.M.C.A. provides it.

igayg The stunt. John Telegraph- lJournal. The "Y" established u centre tn a former nlr

trecreatlpn force establishment. where out- door sports ure conducted in

daytime for crowds of boys and girls and indoor games and rcud- ltng ure available tn the eveninlt. During one month before the lopenlng of Jnc centre. iltiff-V lu- lvenlle delinquents appeared be-r tore the magistrate. Youthful crime reamed to be increasing. In the lust three weeks, since tho

yonenmc of the centre, however.

the police blotter has been clean of juvenile cases _-no convictions

‘not. evsn n single reprtmfnd.

NAPVWEOWS NUMBI RING

Napoleon Uonupsrte ortglnsted

the idea of odd and even hours]

number-r for otfferr-nt stars of the street.

ff n BRIGHTON HYGIENIC SERVICE

SlrrMy remarks, at the last 111981108 <11 the City Council, were mtsquoted in the press. I reported to the Council that. residents of Brighton Shore had informed me that the Hygienic Service Com- pany were acting on instructions from the Cilv Council tn collect- ing the Brighton Shore garbage hut once n. neck, and enquired if this sanction had been given.

I did state that I considered a weekly collection inadequate and that. the rcslaents of Brighton Shore were entitled to better ser- vice for a monthly charge of $1.50. X also did point out that this fee was 50% ln excess of that. charged two years ago.

I am. Sir, eta,

B. C. KEEPING. M.D., D.P.H. City Health Officer.

Luxury 0i A Home (Globe and Math

Ottawus newest housing regula- tions may-and none too soon - enable some people, who bought houses to solve their housing prob- lems, to get. possession of their properties. By proving greater need than their tenants. they will be granted occupancy. In- many cases. however, it will merely mean an exchange of hardships. The new regulation only serves to emphasize the fact that: we are for behind tn our housing program.

The Director of Housing tinder the Veterans‘ Land Act stated re- cently that it ls no longer possitfe in build u minimum standard house at any figure below $6,000. Th4‘- Presldent of the British Columblu Contractors’ Association adds that a mall with a salary of $150 B- montrl cannot afford l0 PM’ "m"? than $6,000 for a house. Mr. D. B. Munsur, President of the Central Mortgage and Housing Corporation. uses the same magic figure as the absolute mlnltnum cost. of a six- room house, except on the West Coast, where heating: is loss a tar"- tor. If Mr. Mansur ts right, he is sayrtng that. the man who buys a $6,000 house today ls getting a $54-- 40-0 house by prewar standards.

income which you cannot outlive, and also provide for your dependents if you die ut an

Don't just worry about your family's futun or your own. See mo about it todsy.

Charlottetown. P. E SUN LIFE ASSURANCE COMPANY OF CANADA

will _ you a

District Supervisor ll. C. BOIIAKEB 14S Richmond Street

going up. Increased productivity. not only in the building trade, but in all the pipe lines leading to it, is the only thing that will reduce costs ivtthout. affecting wages.

What Price Wife‘?

l \ (Western Star, Corner Brook, Newfoundland)

At the recertl; convention of the Liberal Party in Ontario, provin- cial leader ‘rarquhar Oliver paid tribute to his wtfe, without whom, he said, he could not give the, time his political career required.’

His wife was invaluable. "Shel runsour farm expertly," he com- mented. Undoubtedly many farm- ers realize just how valuable a wife 1s. but rt. took an American; economis‘. to transcribe that vulue l into dollars and cents terms.

After years of study, this econ- I omlst said a farmer's wife ts an | asset worth precisely 82,760 Eli-l llually. Just how he reached this calculation isn't known, but on the strength of it the capital cosh vnlue of n good wife works out at about. 591.000 if interest on an ln- \05lffiEfii. is taken at. three per cent,

Most farmers probably didn't realize that when they went. to the altar they cume home $91,000 richer. If they are worth_thelr salt, most farmers were not thinking ln terms of cash at that. point. But they must at. some time have wondered how much their wives contributed to the ev- ery day income oi’ the family.

To a falr-lnlnded man—-espec- tally afm- n ‘good meal-a good wife, evrn lf she cannot mllk a cow or gather an egg in the burn, ts worth a good deal more than $2.760 a year. In common justice he would nut. the figure at closer to $1.000.000 -as long as its not. lncluderi in his income tax re-l turn.