Tl-I , tstoalais

i ERSilRY A Still‘.

THURSDAY, FRIDAY, SATURDAY JANUARY l8ih--l9'th--20l:h

Starts 9 A. M. THURSDAY

' thi th this sto e started ut (l)?! iytvseilarilsiha carseelllon Inthat spacg of time. you the publio, by your generous support, have helped us on to the success l" ha" “l"°"°d' _ To celebrate the event we are putting on this Sale and a check over a s list will quickly conlvince you of the " values we are offering for the three days. Sim 34 t0 49-

Special foi‘ Isle I00

' White d Coloured isiglzllON BLOCISES-

KID AND DOESKlN GLOVES- Odd Sizes- Per Pair

Short Sleeve Cotton PULLOVER S\VE:\T-

CREPE SLIPS-

short sleeves ...' ERS4eacli' . . . . ..

515.jpg soiled BLOUSES- Sleeve Cotton

Rm“... 3,99, COAT SWEATERS-

Sale Price Each

I Rack 0E CREPE DRESSES t0 clear at HALF PRICE-

. .. $1.00

Table of HATS_. JACKETS“ To clear at . .. . . (exceptional value) R k f COATS an good ‘.a1ues_ l m“ °‘ PLAID HEXLI? PRICE. ' SUITS U ciflt at - -- f Fur Trimmed

our CHAMOISETTE GLOVES— (Elearing at 3° P" “lll

- P‘? G discount.

i

CLOSED ALL DAY WEDNESDAY. N0 c 0.1).’... PyIONE ORDERS 0R EXCHANGES

m: GLORIA

LADIES’ WEAR

J‘ Rates For

l ‘ _»_— ‘ . n rawn up for the lieu Recreation ill?“ “o? - gvmm“ W‘ "’ . J Veterans Taking Training Courses

' States

y ‘relatively simple to adjust‘ ., situation. Our sterling balance, ac-

Thero is .10 altr

kets? measures, notably maintenance and improvement of the quality cf our exports, vigorous salesmanship, and

countries to which we export, ti; the limit either of their capacity

g, program for commun- OTIAWA. Jan. l5 —- (OP) —

’ ......-....u

hgrldnlm were prepared t0 9Y0- Laoor Munster iuiltcnell announced rqmght, that a recent order-in-

7.. ' vide recreation rounds and a es War Memorials council establishes that waCC Yul/ES

sports centre. Ctizeris and serv- paid to discharged wur veterans

ice clubs in st. stephen. N B. wan sponsoring a recreational I IPAIKJY. ODONIII-L ‘WA’ ‘kn’ n ‘"' (c?) " pIBCCQ with employers for indust- rial training are to be about 80 Del‘

centre. auditorium and youth and rm“- Approximatelv l0 r cent of the cent oi the wage ordinarily llflld

t _ Three Rivers. Que. glgtixrgagenafiuarcna with the ap- paratus for making an artificial ice rink.

1n Montreal, the cltk and serv- trople in Canada avor the build-

icrclubl were illullll B 0 cm" ing of recreational centres, gym-

nasium,‘ “m” “m; "burg" u f a f the for the occupational classification “lemon-u u» that; who fousht page; $.15,‘ .33.]: llclnéiplgnnteigl ihTgucigrééfy pagoupeilsir-smttxlwe llxlllaldoldtlfs sitgel Dff: F“ m’ ommlt u§b’"§§i olabore. schedule of compensation est-ab-_ 55° F" °l m’ lished under the order shall be Eliointgdfayr-he saith Dbtllrtment f", 1g l“); lggnthenoigojecltlsouceoélel: made W of two “pars”: amounts: A suryey zhowed ltrlnisotufsnadiens fifmpfilfifi’ gould be ' completed, 312s eaxoléntr lsptomlgeupailtxyllaelglearltlg were amu! on y oppos- u essary ~' ed to the monument-type oi “:33; "i". ffiCicnecthlIlB-il the second amount is to be pa able

memorials erected after the First Great War. he said.

Already many communities had

as a grant from the Veterans dc-= partment. This last amount is not to exceed the sum which mly b6

ii. uld be nu :5: dfiigtiggwtheuwoillro after the

d‘. wn u y f ‘u an» _ Wli‘. paid to the Cflalil! eiin-lififiuifi’ oeuggid (‘Qt-Ty post - discharge re - establishment public subscription and order.

t xes. Other communities had plans ready for sports centres which Lager’; might. be dedicated u mean- l’! .

One effect of the new regulation is that the Labor Department may eetabrgn schedules of rates for trainee. without it heir-B "mnry for the employer w early to the War Labor Board for a fixation oi ratcshrllvhen this Jute; Ellie Dfipfll‘ flirt W 8.50 8 E E- femllile the length of the training period. based on the nature and extent of the skill to be acquired. and on previous experience and aining.

Boat Caused Crash Cf Big Air Clipper

MIAMI. Plan. Jan. 15 -— (AP) — Pan American Airways Npgrled ii; investigators had def- outfit. determined" that the hi3 r which crashed at Port of tr ‘Trinidad, last week with n

thousands of jobs

"I Dost-war ears. No accurate rilimatd uoul yet be made or ill cost. but the survey dis- uluniti thiluliloe at?“ we mm‘ °l'

es p open more

than 53.400000.

Pickled Cured Codfish and llake

VERNON RIVER. W. I.

Th. L‘ meeting Vernon River Wflllwll‘! llllmll" was held at the home of Mrs. J.‘ C. Wlancr with an attendance oil five members and one visitor. In the absence of the Pfhllilllll- ""1 .1. i. Mlcdonald presided-

g

5 We will deliver at your MIN" slim" t] within the province). Frelllll llllll °ll ‘m?’ g Pound lots or larger at the followlns ilrlilflll l‘

'3.

L‘

i’

Ingllltllfb OM01. lIDWQII b!

Large C dfiqh l6 cents P" ll’- MediamoCodflsh .. .. 13 cents P" lb- Slnlll Cbtlflllt .. .. . 10 “Ill! P" lb- uur. 11 was w lb-

meetin were read and-adopted.

pverzeas thankful’, all’ l"

n s °hrll°.x'."'1l."il°ac=lon=ld w re- appointed

e remnant bullflle

s... Money oeso- for ill-lulu require" ‘"‘

and’ you will receive prompt “llyily- crib quilts from some

Mrs. Irving Tweedy llWlW ll" I I Limited ‘ Souris, r. u. I.

with... 8i McLean

Fl Flt"! Fl.l'l.FLi'l_i1.i'lli'l_i'l_i'li'Li'L"Li'i_i'l_l'lflflfl Fl

r1 FLWJUIFLFIHILFLFIHHHHHIUIHILFLF

, social hour spent.

normally avalla first pill-CE, We might have to re- strict cur exports to the ability c1 foreign markets to pay Products. Since many of our ma- jor export commodities are produc- ed on a scale out of all proportion to our own consumption, the sub- sequent unemployment of men and resources, the agricultural depres- sion. and the social problems which would arise. would build up a load that our economy and constitution could not support. "ll"- llllflllt provide credits to coun- tries desiring to import goods on a basis similar to the crenlts which have been established during the war. but witl ‘

and services for payment on and‘ last but

it . i i

""° “k -i"" “‘.'ti"’i"‘°l'i.i’i‘“.ti’i“fifii‘i; - t - an a n .

“w” and n’ was decided m g TlTIEIlAY-ry seteogut on its own course.

$31??? §i.e'.i°'.e'i'i°mc1ii'°§iii“'§ gluigtclllralt onal exchange stability l ~

e-v-wl y e cert‘.- ‘sown’ "€"‘.‘§3.‘."...2'.'

m“, vuenunel A con I ll ‘Ill l 1000i!!! .--

on by Ann, Tweody was won byytc manipulate

Sydney G. Dabs

Tl" Vll-ll llhilortance to Canada's future welfare oi a healthy foreign "Ills based on international mone- tary and exchange stability was emphasizrd by Morris W. Wilson. {resident of The Royal Bank of argued: at the bank's AnaualMeet-

Canada owed her economic de- iopment from earliest days. snid -l'- Wilson. to foreign trade and le level of pre-war exports would All Only have to be maintained af- .er the war. but actually expanded. possibly to double their pre-war value. if Canada was to secure an Mlequate national income. FOREIGN TRADE PROBLEMS Normally We export considerably more to Great Britain and other countries of the Empire than wo Hubert 1.0m them. On the other Ilehd- our imports from the United are usually in excess or our flXilurts to that country. Under normal exchange conditions it was this

cllmulated through exports to the {f-millre. were readily exchangeable 101' U5. dollars with which to pay for what we purchased in the Unit-

l . ed States.

"War-time experience. however,

~' has shown the diiilcultlcs which

arise when this multilateral adlusi- ment of trade balances breaks down. As s. result of the control of sterling made necessary by the war. Canada has been forced to depend upon her own devices for liquida- tlon of British balances. through interest-free loans, mutual aid. and the repatriation of Canadian se- entities. We were also forced to re-

urchases and travel in the

strict p lUnlted States. in order to reduce

the demand for U.S. dollars. there- y makln it easier for us to nay .r assent al imcports. If the world ould be divl ed into exclusive Jdlng areas after the war. as is :quently suggested of which one fht be based on sterling and ail- ner on the U.B. dollar, Canada Juld be in a peculiarly disadvant- geous position since she properly :elongs n neither grou . Our mem. oersiiip in the Brit Common- wealth oi Nations. and the coin- that our unit of currency "dollar" as ln the United Slates. create i. anomalous situa- tion. and obscure our true position in the eyes oi many. Because o‘ these factors. and our own selfish

interests. we are compelled to pre-

fer a world-wide system oi trading. uism about it.

CANNOT STAND ALONE

"If international trade on the llll-"Mlefit scale is not iully restored. what can Canada do independ- ently to preserve her foreign man- There are certain obvious

the acceptance of imports from

UP

sell to us. or of our ability to

absorb their products. Those are basic principles which Canada can and should adopt, rest of the world may (l0.

whatever the "Willlt other alternatives will be ble to us? ‘in the

i-OI‘ Olll‘

Secondly, CHI!-

1 the hope of ulti-

mate repayment. Finally, We could veteran under thasubsldizc exports-

"Furtherrnure. as I stated a year

Ilgo, I believe it would be sound policy for Canada not only to ex- tend liberal long-term credits to countries who are actual or poten- tial buyers of Canadian products. but in s rllht ll ts of food. raw material. finished goods and machinery to assist and hasten the rehabilitat- tion oi such countries.

clel cases to make out-

"Thus far could We go. independ-

ently oi the policies 01' other pow- ers. But a moment oi consideration will show how sligh success would be without interna-

t our hvlles uf

loss o! lives had struck an un- i‘, ti l -ope u

At nmuua ifielggaa we“... boat while U_S_ And Enemy till}; fiuslliéirlrelxilewea Lille f1unc-l - _ ' on o go as an in ernat oiia Fol instance, the Hamilton. a» "W f‘ ,ll}§p,“,n°°§}‘1f,'§ 3f, Losses I“ Offenswe currency one. o. land after the last 0m" ‘m °°““°“ l“‘““°d,,,.‘°, dles-rnedmtdln Eli. o ‘ "m9"? fly The Associated Press) Failing? poglxrdedlleollzl’ “g?0d |p d - u e au - ergo ‘slid for {fifpn ‘mo; flless here amiounced. e-fffl‘ ill WASHINGTON. Jen. lo-Amer- matic in its operation. "The sys- lhe offic l was certain °°llllll°ll°ll ‘l! ‘F V.“ n ‘ m“ lean losses from Dec. l5 to Jan. 'l tern could never have been main- whether these miects would be ‘Ills "m" ohflmc“ y in the eel-man counter-offensive tained. he said. "without the un- Bongldend “mu-ml once known as the w r-a PW’ are slightly under 40.000. includlns rivalled supremacy 0f the City of aal-mmze- a -..--. we: ~'* a ’° "" °‘ "‘ '" - - “.‘"°°.‘.'..'.“°‘é'.i;’.§'...'}‘";'.§2i. iii°°fy isz"ul..*s.rllr..‘llslllass"ilr ._ ___ .- __ --- o . _

l? "'L|"l l1." IFITLFLHHHJIH. FU1J1 Llouincelnant toglyéeflgaylgalo Gtlgl ‘Enticing-trial daseeregti “llloeuilrlitlym C

' ~ ' sun - a . g .

l: £112“ sufleered over-Ill 1050i Olyit floated. the w llngneas oi Great 90,000 Britain to accept imports oi’ cods

oans by no means least. lmodedgs and experience oi

th 0f the tn: great London banks and fin- anclel houses. NATIONS I-‘ORSAKE RULES

In the second place. all coun-

tries observed the code of economic ethics m new“ open“ by ‘mu: trléllétnlndgyldinlalmairllog: Ind the in pea ing Creed in unison. B. l ca_ ll‘. ll - - ' was“ answered lbywa (Iigewmfetlara: ggléalvlgl upgouxlxls rgxlgaifgga out ”‘°1“"°“' M“ ' ‘of balance and the disequilibrium A a a M or ma: 2i°_°.'.?°.tl£"'駑°€l.°‘I~l‘.i‘§§‘°:.§°'2f; longer sought to adjust their do- mastic policies w the requirements the

r the gold standard. this sys- the last

set up in

following

dis-

gold standard system and

mgcogd of adjusting domestic reduction to the needs

exchange rains. as

u", .1, _ Moodonald. Meetln a means oi increasing domestic closed by slnalng the “m” ‘M h" ‘m!’ m‘ °.§"f,,','° ‘Ital: Anthem. A delicious luncheon tsln em oyment l ° - -

y“ an,“ by m, hostess and e ain't-tonal trade MClfhémlll9TllPl9d~

trygce icicles

ma. m-iaanorrarouw minimal!

The Royal Bank of Canada Annual Meeting

Morris W. Wilson, President, sage continued Canadian development depends on world-wide system of trading based on international monetary and exchange stabil- ity. Urges Canada be one of first to approve principles

t of Bretfon Woods Conference.

, Vibe-President and General Manager, reports totvll assets at all-time peak with year's in- crease greafest in history of bank; southern branches

, in unique position to facilitate Latin-American trade.

stability. He readily admitted that

businessmen were largely in agree- ment with the Bretton Woods ex.

November.

recommended a Multilateral ‘Pro-is Convention Drflvlde for the progressive lower- llls of trade barriers: the elimina- tion oi 8°65; crimlnatory trade abandonment oi national sales and production monopolies.

son, "that, the next step in paration for th: general resump- tion of forei must be nient ccmmmfclul policy. dnrd o commercial lic is not established prior p0 y of general trading, we may see m; continuance of tlces of the pro-war om,

mcnt. in the future as m depends upon the maintenance and ' development of international tradc. mastery stability is one of the prerequisites of international trade. For Canada. therefore. stability is of paramount ance. If we llcknowled e 1111595, Olll‘ COUTSQ Of f1!) We must implement the measures necesary to "rely lwbc that Canada will be one of the first to approve the Dllllfllllles 0f the Brctton Woods agreements, leaving the insiit free to deal with matters of detail in consultation and agree- ment with the other countries Con- cerned.‘

GENERAL ltl/ANAGEIFS ADDRESS I

vclopment of the banks foreign business South America.

porters will reciprocati- this inter- est.

TPJB UTE TO STAFF

that the staff. not including those in the armed services. n0W total- led 8.305. young women. compared with only 2 .

perienced officers have been un- der great personal cause of the need to train and hell) inexperienced new members of the staff have learned quickly. llllhd 111 Tfldlly.‘ n and performed s ties allotted to t em. All of our officers serve with a sense of pub- lic responsibility to the bank.

service has been granted t0 3-255 of our officers since the war stnrl- to ed. of whom 2.1M enlisted from’ Canadian branches. w .

its exports on others, but to re- duce imports to a minimum. Cillll‘

petitive exchange depreciullan, higher and higher tariffs on ini- ports, quantitative quotas

urea. were utilized by all COLHIIJC! in greater or less degree. Well over a. third of total world trade was conducted on a basis 0f crue bar- ter, With the collapse of the gold standard. there disappeared the only operative system for ltle no- ordinatlon 0i national economic policies. in its absence. sovereign countries. acting independently and without regard for the external repercussions of their policies. ill- cvitably drifted toward interna- tional economic chaos."

Upon this chaos. said Mr. Wilson. had now been superimposed the new disequilibrium of s. second World War. The great importing cauh- tries including Great Britain and those of Europe had suf

found their industries culture greatly expanded. n order to maintain emoloymaiat." said Mr, Wilson, “it will be ne- cessary for these countries and particularly for Canada. to export to an extent greater than was ne- cessary even before " BRETTON WOODS

Mr._ Wilson dealt at length with thi- nrctton Woods Conference inst Jilly when the experts of fory- iour countries sought to ovowe a system of international control of 111N181! exchange and investment with a view to providing exchange

the Bretton Woods program was he panacea for post-ivar problems but hc pointed out that practical

arts. Meeting at Rye. N.Y.. last businessmen from fifty- two countries, including Canada.

for all countries to

quotas and import embar- the abandonment of dis- practlcas; the

‘it appears to me." said Mr. Wil- pre-

n trade after the war dscuslons and agree- between governments on If some stan-

to the resumption

the predatory prac-

"Canarlian economic develop.

the Phat.

monetaly

import- ttieso pr:- lon is clear.

secure them. I sin- '

Govern-

ln presenting tho Annual Balance‘

Sheet sydney u. uobson, vicz-Prc-l sioellt and ‘if! Olll- lvlul assets were now record level that the increase in assets during the year history of tlon was exceedingly

solo. 'l'otal Liquid Asset lng 8l.h2% oi’ ihe bank's Liabilities to the Public.

increase in the Account Customers which tailed 1.450.100. Profits for the year. after providing for Dominion Gov- ernment Taxes. 822L183, an increase of $185,894.

ucneral Manager, point-i

_ at the of $1.'|90.2al,802, 4nd Wus we greatest in the the bhllK. Pile llqilld pol-i- strong, he represent- Nutewortlly was chc, number of Deposit now to- amouiitcd to $3.-,E Mr. D3b:0.i reported steady de- in the

Caribbean and i

The General Manager reported

"In Canada 71% are ‘e ln i939. While the more ex- pressure. oc-

licwcomcrs. these ndidly the du-

as well as of duly "Leave of absence for military

sibilit ithrough legal loopholes and‘ an- nounced that Lord Justice Wllilfllrl Finlay. noted British ‘accepted appointment as Sir 11's successor.

lhrenburg. Moscow's and Canadian products imnewspaperman. writing in Pravda. evident. and it is hoped that our manufacturers, exporters. and iln-|

w l _ silent we are thinking of Berlin and in our sleep we do not forget

about this cessary for us to revise to some ex- tent the existing practice of mak- ills and in certain circumstances to consider loans extending over a period of two, thrcc. or five years

This ls lfqll-“lllsllflllld depart from our policy 14¢. of the Canadian male ol-lpnldent banking. but because cl flcers who were under 45 at the'our large wui-‘s outbreak." lwllhb Looking to the problems of thslmny. post-war years, Mr. D9 ad that one of the banks first con- lon er term loans siderations would be the Pllfllhll l" satisfactory position; or the mem- and exceedingly well bers of the staff who were sell/l"! handle out-wi-

bson stat- assist

___P§GE THREE

spent the night in a slit french"

by Standard war correspondent

Gerald Clark

Here’: one of the most humanly Wriflen dispatches of the wer—an eye-witness a c c o u n i by Gerald Clark, of The Standard, of some of the nerve-racking conditions under which our Canadian troops are fighting on the Western Fronil It will give you a graphic insight int-o the way our boys are standing up under constant shelling- sniping and sneak night attacks bv Nazi bat-vols. The siorv appears exclusivelv, in ‘fine Standard this week - don’t min it!

IIAMASKIIIOS 0F GREECE

This is the great patriot who openly defied the Germans during the Nazi

occupation of Greece. Wallace Rayburn,

reporting direct from Athens, gives a vivid description of the man who is now ruling Greece.

HOW

This week

T0~ TAKE CARE 0F Yllllll EYES

Most people abuse their eye-sight. In‘ this feature article you will learn how to avoid many of the little things that are the eventual cause of moot eye troubles—ir is worth reading.

OTHER FEATURES INCLUDE: “Better Hospitals for Veterans." a report on the Dominion Government's big scale hospital building program . . . "l6 Days in Hell." What happened to the men of the freighter Richard Hovey when lorpsdoed by o lapaneaa rub . . . "Boss of Paris." The story of General Koenig who is second to. General do Gaulle in popularity among the French people . .". Kata Milton's tested recipes, plus all the bee! comics.