BEE RIIUDE

c adiiiin F193;; Business Editor

(EAINADIANS in 1955 had the blngesf year in I'i5i"'V- .

;;ar;y.year doubts. carried over W... 1954'; mild recession. were nmnlved by 3P"I”3i'Ime' nd the” inn each suceedlng month Imitiglll mountinl prosperity.

.end, activity was git I

n. oak with every n lea- II would remain there at 1,,,,,,, well into 1956 and perhaps mic). new heights. Illany figures are far from com- plole but they indicate that most parts of the economycreated rec- ords. sily outstripping 1954 and s,,b5m..ua1ly beating 1953. the pwvious record year. sol-'T SPOT

Chief soft spot was farm income. nhicli continued around last year's level, well down from its record year. 1951. Biggest problem was Ilivposal of farm surpluses, especi- ally wheat.

The following. on the basis of available figures. is part of what tanadians d' .

They produced more. Gross Na- Iltlnal Product. the sum of all mods and services, is expected to 7,93.-it 526.200.000.000: up 52,200,000,- oon from 1954 and 31.800.000.000.000 fnllll 1953. At year-end it was riin- niu: at a rate of 826.900.000.000.

Tin-y earned more. National in- reach 020.700.000.000

not-age weekly wage at Sept. 1 nus 861.10 compared with 358.80 in 1034 and 557.30 in 1953. Labor in- rome in the first nine months was

1:101 and 5500.000.000 above 1953's record

SAVINGS T00 They saved more. Personal sav-

s1.600.000 in 1953. At Oct. 31 per- sonal savings on deposit in char- tercd banks were a record 35,839.- o00,000. up 3502.000,000 in a year.

They invested more. Capital in- vestment. the bulk of it by Cana- ians. may reach 36.000.000.000 or- ore. compared with 35,510.000.000 n 1954 and 35.840.000.000 in 1953. They borrowed more. At June 3) nlal consumer credit outstanding ias 32.098.000.000 compared with 1aoo.oo0,o00 at the same date in 934 Personal loans were S763,- .000 compared with 5tl18,000.000. TIIRV built more homes at a cost (more than s1.000,000,000, In the int nine months. 12,627 home; More started and 33,877 completed, -ndicatlng that they will run ahead I 1954': full-year record of 113,527 tat-is and 101,965 completions.

lt)RE -TV SETS

They furnished their homes with iv.-re furniture. refrigerators and ther durables. according to re- vi't.I'of retail sales. In 10 months also of television sets were 575,039 allied at 3l74.492.192 compared llIl 430,701 sets valued at 5151,- m the same period of 1954. in nine months they parked 313,- 1 new automobiles beside their notes to boost the 3.641.000 in iltrration at the end of 1954,

They welcomed more children to lU0.V their homes and furnishings nd automobiles. At Nov. at birth; mailed 407,103 compared with 435,- 41 in the full record your 1954. They built at record or near. ecord figures new schools and liter educational institutions in which to educate their children; "PW churches in which they may IWSIIID: and now hospitals for care of the sick.

School contracts at Nov. 30. as

Canadians Had Biggest Year In Economic

un

ord of 344,500,000; and ”

TRAVEL STATISTICS

tions. Cngadians

at year-end 415,706,000 at Sept. 1i compared with 15,439,000 at the end of 1954.

Immigration fell off. reflecting caution in Canada. resulting from 1954's poorer year, and prosperous conditions in Europe. At Sept. 30, 35.507 immigrants had arrived, compared with 154.227 in 1954 and the post-war record of 194,391 in 1951.

As part of their burst of activity Canadians sold a whopping lot of products to otiicr countries. prob- ably matching 1952's record 34,. 356,000,000 and well above 1954's S.'i,876,000,000. But they bought even more from other countries. probably more than the record 34.- 382.000.000 of 1953-and got them- selves an adverse trade balance. At Oct. 31 exports totalled 53,578,- 200000 and imports 33.883.600.000. The economic pace got so hot that monetary authorities feared it might become more than the coun- try could handle: that people might over-extend themselves with credit: that materials might get scarce; that I fresh round of ris- ing prices might act.

CREDIT SQUEEZE

Accordingly, the Bank" of Con ads, which had made money eas- ier to borrow earlier in the year, made it harder to borrow later on. in three moves in August, October and November the interest rate on money borrowed by chartered

banks was raised to 2374 from 155 per cent and banks were other- wipe advised to keep a closer curb on-.crgdit.

I

x ear's prosperity was the pressive because it up- me from dynamic prces let loose in the world andinot. as in the case of earlier post-warbooms, from such factors as accumulated wartime shortages or the Korean war.

It reinforced predictions that I new industrial revolution and I new scale of world prosperity may be on the threshold--backed by technological discoveries. includ- ing electronic and nuclear develop- ments: world trade. which is in- creasing despite difficultles; and world-wide aspirations towards I better way of life,

For Canada the situalion.if peace can be maintained. seems in many Ways to be made to order. The Financial Times of London commented:

"It almost looks at times as if the whole world were in conspir- acy to find more and more uses for Canadais natural resources."

STRONG BACKING '

Clearly this year's Canadian surge was backed up by prosper- ity In the United States and west- ern Europe; increased demand for Canadian products, especially of mines and forests: giant develop- ments across the country to bring these resources into production; increased population and conse- quent incroased markets at home both for basic materials and. de- spite foreign competition in the home market, for manufactured goods: increasing incomes result- ing from all of these: and an in- creasing standard of llvinl to which Canadians seem determined to add.

"P0"!-'d by Hugh C. Maclaan

I

of trash tiled

I

GEES! DUCKS

Parker Iullding

'Kn. .. g

to EUR 2 CHRISTMAS MERRIER '2. 22 lbs.

our ouaiirv AT

J. M.'s MEA

Place Your Order Eorly

NOTICE

p0wLINGs n. A. SERVICE STATION WILL BE CLOSED

Wm two I. si.. FRIDAY. oncmninn II

DUE '10 THE DEATH OF on. name DOWLING

Glancing at' the trans-Could!

T?

Dial 5535

building reports, totalled 0183.265; scene: 800 compared with 8l60,000.000 in the full record year 1954: churches ments are under way from Atlantic 535,153,300, probably down some to Pacific. New copper production what from the 1954 full-year rec- started t

376.601.1100. well up from 1954 and a 1953.

with all this. according to indica- 4 travelled more ,anr, played more. And there were more Canadians. close to l6.000.000

-Iistory

Scores of base-metal develop-

his year from Quebec's Gaspe ' ' and Ch”

rea. Private uranium companies in Ontario and Saskatchewan have contracts with the federal govern- ment for delivery of S556.9I5.000 worth of uranium concentrates by 1962 (SA44,l60,000 of it from On- tario's Blind River area), and total Canadian uranium production is expected to reach Sl90.000.000 by 1958.

MAMMOTH PROJECTS

The St. Lawrence seaway and power project is in full stride: Quebec is bringing to completion its S225,000,000 first-stage power project at Bersimis: Aluminum Company of Canada is expanding its giant development at Kitimat; British Columbia Electric Com- pany has a 375,000,000 expansion program for next year: vast power projects are being discussed for British Columbia's northwest and the Fraser river.

and cement are bringing cross- country expansion. under way or contemplated. costing hundreds of millions of dollars.

Work has started on the 5142,- 000,000, 650-mile natural-gas pipe- line from the Peace river area to Vancouver and the international border; and the proposed 5350.000.- 000 natural gas pipeline from Al- berta to eastern Canada seems nearer to becoming a fact.

The oil industry is continuing ex- penditures of about s400.000.000 yearly. Western crude oil produc- tion is running at about 120.000.000 barrels, up nearly one-third from last year. and equal to more than half of Canadais current consump- ion.

The Far North is being opened up by the building of the 8170.000.- 000 mid - Canada radar warning line and the s250,000,000 Distant Early Warning of DEW line.

WORDS OF CAUTION

While all these things added up to enthusiastic year-end comment on 1955 from most observers, and generally optimistic forecasts for 1956. some cautionary comments have been added:

A. C. Ashfoi'th. president of the Toronto-Dominion Bank, while pre- dicting a new era of expansion, added concerning 1956:

"The rate of expansion is likely to slow down as the economy is very near a state of full employ- ment. Our rate of growth in 1955 has been abnormal."

H. L. Enman. p-esident of the Bank of Nova Scotia, while gener- ally optimistic. stated:

"Some of our manufacturing in- dustries are still faced with real difficulty and we cannot assume that the rate of economic expan- sion which characterized most of 1955 will be maintained."

In the United States most indus- trialists were ln confident mood. But Dr. E. Sherman Adams. of the American Bankers Associatlm, commented that prosperity in 1955 "has been powered by an increase in personal borrowing that cannot

Scarclties in newsprints, steel pl

City and

"YOU! DOLLAR BUYS M0!!! at the Hughes Drug Store.

SEE THE new Bullet type Pin- up Lampa It The Brown Electric.

ISLAND COLORED views for Christmas. Craswell Studio.

ELECTROLUX Dealer. Sydney II. Jeffrey, Dial 7038.

THE NEW HOBBY-Copper smithing. now at Sherwln-Wil- llams Co. Ltd.

PIPES - CIGARS, Cil.;arcttcs at Fred Lambros. Tobacco Store Open utitil 10 every evening.

GOLD. GREEN, Blue. Pink, 40 watt fluorescent bulbs available at Brown Electric.

TOY FAIR OPEN--Lay away for Christmas. Firestone Home dl Auto.

SUNBEAM Frypaus, Automatic

Central

good stock at Canadian Tire.

WE TREAT THE SICK WELL Glggey'o Pharmacy open 8 l.IlI to 9 pm.

VISIT III STYLE ltliIlInel'Y.

Great George Street and choose hat for her CIII'I5f..fl'l8S gift.

IN MEMOBIAM

In loving Illt'lIllIl'y of our dear Mother, Mrs. Margaret Thompson who passed away December 22nd.. 1953.

We iliiiik of you in silt-in-c.,

And often repeat your name. What would we give to hear your voice.

And see your face again. Always remembered by Daught- er and Son-In-low. Mr. and Mrs. Everett Burt and Grandson WuI"lin.

In loving memory of Mrs. Mar-' garet Thompson. Darnley, iv ho;

Irons. Toasters and Mlxmastcrs The Brown Electric. ,

BEST QUALITY tree Lights llild, window decorations The Brown 1 Electric, ,

GIVE HER - a Sunlaiiip fur allI year round tan. The Brown Elect- c.

IIOCKEY 'li()Nl(iIlT - Pzii'k(t.iIc Fly:-rs vs. B. Y (I ,;it Sports Arena at 8.30

just received a shipment of trili1c' Floor Lamps at 317 95 up.

CHRISTMAS CANTATA - Try- on United Church, Sunday. Dec- ember 25th., at 8.30 p.m.

HAVE YOUR Christiiins tree wireti at a moderate price. Be safe. be sure. Call Bi-own Elec- tric.

ISLAND GRILL, Quecn Street. dial 5228 Serving full course' dinners. Specializing C h l n e s e dishes.

HOYT'S BEAUTY Salon Spe- cinls on Creme Cold Permanent Waves and Machineless Creme Permanent Waves. All experi- enced operators. Dial Ball. 183 Queen Street.

ENGAGEMENT - Mr. and Mrs. Percy Maclntyre. Milton, wish to announce the engagement of their only daughter Jennie Pauline to Stirling Richard, son of Mr. and Mrs. George MacLeod. Long Creek; marriage to take place the latter part of January.

CORRECTION - In the In Mcin- oriam of Mrs. Catherine Callaghan December 16. the following cor- rections are necessary: Rev. Fa- ther T. E. Butler; Mass Cards: Ivan and Gladys McGuirk, Gust Kelly, Halifax, Mrs. Ann McEntree 3 and Johnnie. Cards of sympathri Rev. John Hughes, Roy, Sis and- Heather I-lollifield. I

ward C. Sheperd, chairman of thci First National City Bank of Newt York, said the boom ”cannot con- tinue at the pace set this year." I Biggest 1956 problem for Can-I

be sustained indefinitely," and Ho-

.YOU control the wax flow,

IJust a memory foiid and true, And a heartache still for you. "Tia" Sweet to lmou, we'll meet

Valley. P. E.

passed away Dec. 22nd. 1953. I Though her smile is gone forever. Her voice we cannot hear. We shall never lose swt-ct memor- leis. Of the one we loved so dear. Sadly missed and lovingly I"C'l

lmembered by her daughter and' - tson-In-law. Mr. and Mrs. llaiiicl 10 Senior ('0ul1lY COUFI JUdG.t'S Buzzlr.

t Ill lo-viiig Wiiiiiisirory of Mrs. ”('I3I5 I" 3 1913' 5q”3bb19- (my IMichaci Grrcnati who passed nway'CIerk G”"'g9 weal? said ""9 Of IDeccmber 22nd, 1916. I THE BROWN ELECTRIC have Just a token of SWPCI rememb-

I'IlIII'P

lust a token of affection I

again. I pR(ypEsTAN-It orphanage um, Where parting: are no more.

tributions. Correction. Souris: ll. Ami W” "I" ""9 "9 "'"'d E" H. Larter listed as 5500. should ""1- have been 515,00. 'H:is only gone before.

Lovingly rcmomiirri-il by he

Daughter. Mrs. Russell Di.-ighnn. I

In loving memory of our dear father. John F. Jenkins. of (iliorry I.. who died Dec- ember 21. 1054.

The months may change frumi The ,,:n:ily of the I." M". Ma”.

year to year.

And friends from day to day.

But the memory of a dear one.-

Will nevcr fade away. I

Always reinoinberi-d hy,i Stewart and Doris.I

TRACKS BARRED Pl.A'l"l'SBURGl-l, NY. (AP)- Traific on the Dclaiiare and lliid- son Railroads main track soiilli of here was tied up for about RV: hours Tuesday nllzllt and Party Wednesday after otie car of a freight train was derailed. No one

was injured. A wrecking crew cleared the track at about 5:2) a.m.

TREE UGIITSI W9 I””'' 'imceting opened with the Mary

gealli in ogtnbherd olf 1-IIBTES, 5- Avoid tioys too heavv for child's strength . . .

TORONTO (CPI-The problem of crnpscy. w u a we: I since , - . 9 art break 'indine city hall parking space for 1945 ICP P0010) g:0g"pIIlyinI?eaIIje Oblects IHHCI1 may Come ap '

threatened Wednesday to involve Licrswsr: AIRLINE L Avoid 3-hootjng or target toys which win on-

city and metropolitan council of- (i'l"I'AWA ICPi-The air trans- danger eves . . . poorly balanced mobile TOYS (tri-

the judtzcs has threatened to "call in the slieriff" if authorities don't lfind suitable parking for his car. The shci-iff was (ilrircted to make ,room for the jurigcs.

9100!!!! W. I.

Tho regular meeting of the Springton W. I. met at the home of Mrs. Donald Dickieson on Dec- ember 7th. '

The president presided and the

Thursday,Doc. 22, 1955 The Guardian Page 3

Lawrence near Quoboc of was NATIVE NAME known to the Indians as "M lgo.” Tho island of Orleans in the St. founded at Victoria in 1011.

SAFETY HINTS FOR CHRISTMAS

THE TREE Don't use lighted candles on t-ho Christmas tree or with other decorations.

Place the tree well away from the fireplace or whore it is exposed to sparks or strong heat.

Keep the base of the iireo in water or wet sand.

Use flame resistant icicles, tinsel and snow.

Donit hang metal foil icicles over wires or tree lights.

Don't attach too many light strings to one out- ion. and be sure insulation is not worn or sockets loose. Keep I waste basket wrappings.

THE TOYS FOR THE TINY TOTS

Avoid small toys which may be owallowed . . .

toys with small removable parts . . poisonous

I I 1

'Stewart Collect. The minutes of the last meeting were read and approved. Roll call was answered by an exchange of Christmas gifts. .There were two visitors present. t Correspodence was read and discussed. It was decided to give a donation to the '1' B. League after Christmas. It was decided to buy 15 lbs. of brown sugar to make candy and each member gmake four pounds. I It was moved and seconded that treats be got for children, sick, Iand all elderly persons at Christ- mas. it was moved by Mr. Mac- intosh and seconded by Mrs. LI- moiit that all bills be paid. Christmas cards and seals were received and distributed. It was reported that Science Kit and Cab- inet had been bought also a dic- tionary. The blinds were -ordered. The next place of meeting was to be set at a later date. It was

handy for disposal of gift

NOMINATED ,

22:332.. ”l. .t:: 31:32:22. 3.22 A i;i;'f;'"- pm. -curred animals with we or button be ::.i::.:: hsz.::::.33:'".::....::- eyes.

was served by hostess. assisted by

Avoid boys with sharp or rough edges which Mrs. Lamont and Mrs, MacLennnn.

for the Jan. 12 provincial By-Elect- ' beads

ion in llcnfrew South constituency. The seat was made vacant by the

will cut or scratch . . also marbles .

. . flammable toys.

.iL7n-r.r:s naisr: cam

port board has granted a licence to Mont Laurier Aviation Ltd. to oper- ate a mm-scltcduled air service be- tween Roberval, Que, and Mont- real via la Tuque. 'i'he licence izraiitcd to the company permits it to extend an already existing serv- ice south from Roberval.

Bu:I:eM Electric

Authorized

C Dealer

Electrical Wiring Repairing and Supplies

cycles, wagons, etc.) which may topple easily.

MAKE THIS A SAFE CHRISTMAS IN YOUR. HOME

Department. of Health

GARIISTOEF-TTIIINKS

May I take this opportunity to express my appreciation and IIII-1 rere thanks to Dr. Laidlaw, Dr.I Irwin. nurses and staff of the, P.E.l. Hospital for their kindness, and excellent care while I patient, II1('l'f" also all ihiise who sent, flout-rs. cards. treats. etc. I

Sincerely, I Mrs. Florence MacDonald.

HOLMAN'S TOY LAY-A-WAYS

Any customer having is Toylond Luy-o- Woy in either Holmt-sn's Summersido or Choriortorown Store. plooso orrongo to pick those up before 5:00 P.M. on Friday. December 23rd.

Kelly Howatt extends sincere: thanks to the Doctors and nurses, of the P.E.I. Hospital. Fr. Maurice

McDonald, Fr. Urban Gilles and, Oil Heating

Fr. John Ca:: and friendain Chn: 1 Household Appliances

lottetown a ernon ver w o: Television

-;;;-;eg,;;;;- -- --l ,,,A, 40,, R. T. HOLMAN LIMITED

156 Great Goo. SI. SUMMERSIDI - CHARLOTTETOWN

I wish to thank Dr. Maloney,l Dr. F. A. MacMillan. the Sisters and nursing staff of the (7harIo'le- town Hospital for the splendid care and kindness received while I patient there; also to Ill friends who so kindly remembered me In various ways.

Mrs. Frank McElroy

May Christmas in this our Centennial Your ho tho Morriesr you and

PULLOVERS &

aria. most observers seem agreedw is the disposal of wheat surpluses.

W THOUT BENDING

5 AUTOMATIC RWAXER

5110755

You'll be amazed at Its ef- fortloss, oasy operation. And tho Success Automatic Wax- or is so economical because use LESS wax. It's an ideal work-savor along with Suc- CN DISPLAY at

most leading stores. See it

cos: Wax.

today.

NOTHING

SUCCEED

LIKE

l:l.'E

L Sunter's Lo

FLOO

IL CLEARANCE E

HANDBAGS REDUCED TO 53.98 LINGERIE GREATLY REDUCED

52.93 to s3.9s

P.”-.

yours have over onioy- od I-ogothor.

STORE HOURS WEDNESDAY, THURSDAY AND FRIDAY 8 A.M. T0 9:30 P.M.

SATURDAY 8 A.M. T0 6 P.M.

Libby's TOMATO JUICE 43 o1z.vi'in 37:

CARDIGANS

' Weor

dies

Liibyis

FRUIT COCKTAIL

largo 28 oz. fin . . 53c Libby's

PINEAPPLE JUICE

48 oz.tin

WE HAVE A GOOD STOCK OP

TURKEYS. crass ' AND

CAPONS

43:

Welch's I GRAPE JUICE

24 oz. bottle 45::

Maple Lent and 32.29

ONLY

REGULAR HAMS

llalf or Whole

Lb. 55c

...- .2

Lb. 63c

Devon Lfoiintry Style

SAUSAGE Lb. 39c

Dolivioiis Emperor GRAPES. 2 lbs. . . . . I"II(llll(I?l Pink 01' Willie GRAPEFRUIT. 6 for ('1:-an Wasliotl

, caiutots. 3 lbs. ..