-vi. .

4

down

ii,

.

.- 1

Life Assurance

and over 868 million

dividends effective :18 million.

Benefits at New High

busine as and services.

362 million in 1949.

issued in 1871.

cd in government, public utility and

assets. The rate of

and 3.3061; in 1948.

(oi i5:3nada's 1950 0 . hllulslitessi Largest of Any. canaillan Life Company

. ' "l'0LlOYl0laDlI8' DIVIDEND! AGAIN INCREASED

Four hundred Ind forty-one 'm-illimi dollars of new life in- surimce was issued by the Sun

' Company of ' Canada in 1950, the largest am- ounl. written by my Canadian life company dllrlnd 1100 YE"-

(l8.4'h;) more then the total for the pre- ceding yenr. The volumeof new insurance written during 1050 wag greater than any of recent years and represents the sub- starit.inl- total of 31.736000 for each working day. George W. Bourke, President of the Sun Life. in releasing lihe with An- nual Report announced a fur- ther increase in p01lCYh0ld?1'5 April K 1951, bringing the total amount payable this year to more than

The report reveals the strong position of the Company and the continuing exipansion of its Toiol Sun Life insurance in force now a.moun.is lo 84.462.000.000. or 5275 million (6.695) more than a year ago. Group business now in force is si.oa5,ooo.ooo. an in- crease of 13.86;. Over 393 mil- lion of new Group business was written in 1950 compared with Payments to Suini Life policyholders in 1950 amounted to sl2l,476.000, 5 MW himh. bringing to 32.361,- 860.000 total benefits paid since iihe Company's first policy was

Assets of the Sun Life in- creased during 1950 by 570 mil- lion. and now stand at 31,597,. 000.000. 73'7n of which is invest- municipal. industrial bonds. Mortgage loans. reflect- ing the trend in home building. showed an increase of 331 mil- lion for the year. bringing the total to slim millions. or 12'); of interest earned on iihe assets in 1950 wsu Ii.6l',”a as against 3.4866 in 1949

Distribution of Buslnel

The international chm-scter or the Company's buaiin-eas is illus- trated by the amount of insur- ance and annuities in force in the various countries where the Sun Life operates: Cannda 4l'7'n: United States 38'Z;: Great Britain 1296; other countries 99.3.

Mr. Bourke. in his review of the war. discussed the value of life insurance in the fight against inflation. and pointed out thst life insurance premi- ums, while serving to provide protection for individual: and families, also add savinil which. in turn. benefit the na- l' lion as a whole throuth "'V95i' menls for essential PUPD0993- The business of life insurance reflects the volunbM'Y C0'0P9"' tion of the millions of men and women whose confidence and faith it enjoys. In return, the companies have established tra- ditions of service and integrity uiliioh are outstanding in the annals of humnn endeavour.

strps Against Inflation

Mr. Bourke offered five sug- ' gesllons as important counter- moves against inflation: ll) Purchase only what is neces- sary. (2) Increase productivity by greater efficiency and maxi- mum effort. (3) Finance de- fence and other necessary na- tional exipendi-lures on the pay- as-you-go principle. (4) Avoid wasteful government expendi- tures and duplication of ser- vice.

A copy of lihe Sun Life's complete 1950 Annual Report to Policyholdeirs. including the l;iiesident's review of the year,

ll be sent to eadn policyhold- er or may be obtained from H. C. Bohaker. Unit Supervisor. Charlottetown, P. E. 1.; Mrs. Dorothy Rogers, J. Arthur Campbell, J. A. Moore, Char- lottetown: W. D. Young. Sum- merside; R. C. Shea. Kinkora; H. M. Chisholm. Tryon; R. R. Burns. Freetown.

Reviewed By News Analyst .....f.'?..T .?.”...'".'l'.2 '”

states ahould enter additional mil- itary alliances end draw 3 deed- line against Aggression all around the Russian sphere. The former us. candldI.te's program. amounst to a hardening of presen policy. is primarily significant as a complete spilt lwith Senator Robert Taft, former President Herbert Hoover and other Repub- lican critics of the U. S. Govern- ment's foreign policy.

Beyond that. however. he is talking of a. crying need: the need to establish limits which, if de- liberately transgressed, w o u l d lutomltlcally reveal the Kremlink war intent.

otherwise l'vusala's neighbors can be given varied taste'a of new "Korea." uprisings in Iran. "lim- ited war" between the Balkan satellites and Yugoslavia. might be conducted without. giving the Allies concrete room for action. But what can the U. 8. do along such lines right; now?

In order to be effective. dend- lines must. be backed with power. The willingness of the United States and the United Nations to fight aggression has been demon- strated in Korea. That was pos- sible because the U. 5. had troops in Japan with which to take up the challenge. . Around the perimeter to which Dewey refers, the Allies have little or no power. Aid already sent to Greece and Turkey form the basis for an assu"-':.tlon that more will come as needed.

Tito of Yugoslavia has only I lightly armed force with which to meet any initial assault. The cry- ing need. if something does brenk. will be for substantial aid quickly available. It lsn'tiln sight ,now.

As much of the U. S. navy comes out of mothbslla and the shipyards begin to go to work, the U. S. feels a little more capable of taking on new commitments in the Pacific and this has produced renewed talk of 9. Pacific Pact similar to ihe Atlantic Pact.

when the strength is available. it will be spread to the Middle East. and then the U. S. will be in

presidential w h l c h

NAPOLEON ana'ti'13"dL1ii Einv

by Clifford Mciaridei

vvwl, I HAVEN'T TOUOAED '11-l'OI.D '”t'3”” '1l-'-.'&'-?'.-”.lli'zi' Tact-iNIaUE mp BOT HARMONVf.' A

BUT NOD NEVER

THE BETTER THE PRODUCTION Tl-IE BEITEII

THE CROP

Niagara Dueling Equipment combines every practical ad- vantage you can look for. hopper to inoule, works smoothly. distributes the dust . evenly and thoroughly. All dusting operations easily con- trolled. All model: enlly handled in the field. Strong xwelded construction make Niagara Dusters good invent.-

J magi:-.ror may run to come-

liinulqruonma-' , In a-aownoouros-nowaool.

. in meat on display at these bland dealers:

The dusting mechanism. from

it will not countenance. In the meantime. the issuance of dare is not safe policy.

Graham's lloadohserve World llay of Prayer

Mr. imd Mrs. Ray Macuod. Graham's Road. opened their love- ly home for the world Day of Prayer service held Friday ulter- noon Feb. 9th.

Despite the sub-zero weather there was It good representation of women from New London Pres- byterian. Stanley Bridge. North Granville and New London United Church Auxiliaries.

The service this year was pre- pared by Christian Women of Ger- many and the Central Day of Prayer Committee of New Ycrk. Mrs. James M. Campbell of New London United Church presided at this very reverent and impressive

Love Casteth out Fear". 1 John 4:18. she was assisted by Mrs. Gwfle Dunning of North Grim- ville Church; Mrs. John Macxiiy. Mrs. Francis Murray, Mrs. Oscar MacKay and Mrs. George Cole or New London Presbyterian Church, and Mrs. Hugh Campbell, Mrs. Louis Campbell. Mrs. Bloyce Dun. nlng and Mrs. James Cole of New London United Church.

The speaker of the afternoon was Miss Mary C. Campbell late of Portland, Oregon, who was 3 dog. egatc to the christian Endeavour world Conference held in London, England in July 1950. she gave a very interesting and vivid account of the conference and her visit to various parts of Europe. including Scotland. the birthplace of her grandparents.

A nicely rendered solo cntltled "Precious Lord. Take My mind" was sung by Mrs. Wilbur Macxay. Alter the offering was taken. meeting closed with the Bcnedlc. tion. x

An hour of social intercourse WI! then EH3?-15' Onllwed. during which the ladies of New London United Church served refresh. manta.

PEOPLE ARE IALKING!

-the way cutlcim help: clear up pimples, ruli

Bleclhelds. enema. phmh and rush usually yield prom!- Iy to Cutlcuni Solo Ind &t- merit. Fngnnt. edmtucdlly medicaid with valuable it dleinnlhgndlcdn. Duyatdmg more today. Made In club.

FGIIIIGIJIA

a 4. I. carniiim ito. 0'

on-onnm Vooivlitothnllulym .leppl1Ing0I'ItIu0Ienu lMIONlI(I. 5 mxmsuou 0

Thomas 1:. Dewey hu revived the suggestion that the United

position to tell Russia just what designed to produce

service, the theme being "Perfect

Direct Cgnjrdse

0'l'l'AWA. Kb. 13 -(GP) - Direct control: any be necessary in Canada to help fight inflation Ind rlalng living costs resulting (run increased defence activity.

This is the highlight of the 1950 report of Graham r. Towers. Governor of the Bank of Oensda. 'rhe 7.000-word report. made pub llc todu. has been sent to Pin- ance Minister Abbott for tabllng in the commons. r

Mr. Towers said that flscsl end monetary measures may not be enough to provide stability in the Canadian economy. They may have to be backed up byicontrols.

(In the Commons Monday night. Mr. Abbott rejectetl requests of opposition parties for relmporit-

Mr. Abbott said he does not be- lieve a system of over-all price and wise control: would be de- sirable or effective at this time. The government would use con- lrola to the extent needed when it feltgthey were necessary.)

some persons. Mr. Tower: said. have suggested that production should be increased as it means to provide for defence without cur- tailment of civilian needs. some have-pointed our the need for taxation which will keep the gov- ernment on a pay-at-you-go basis. or perhaps in the early stages something more than that.

others have emphasized the need for the maximum pbsslble reduction in less-urgent expendit- ure: - particularly non-essential capital expenditures-of public authorities and business. The de- sirability of increased personal savings as A means to combat in- flation was freauentlv stressed.

"Finally." said Mr. Towers. "general price controls are often advocated as a means of keeping down prices: in some cases this suggestion has been linked with wage controls-but not in others.

"In order to have an sdjust- ment. to,a ” ' economy which will leave as much freedom as possible within the price and in- come structure but which will prevent any general upward spir- al of prices and coals. it is nec- essary for current demand-other thm for defence purposes-to be kept in approximate balance with

the current output uvallable to meetit... "If defence expenditure be-

come so great. that it was human- ly impossible to finance it on it pity-as-you-go basis. or if at an earlier stage financial measures a fair al-

HURRY

. P. W. C.

AIKA cost; ( log. 313.95 for . . .0 use

A N: f.oVIoij5rs

, covered.

ion of price controls at this time. -

. , 2 .:ri-ti: GUARoiAivi3-

Dewey Sliggeslioii rm niscussd if

Pal: For

By usuz VIII! ; wtu.ma'roN. N. 2.. act. 14 - (Reuters) - him pl? 01101093 will be the order for most New zealuid workers after Feb. 13 when I. blanket. wage increase of 15 per cent. awarded by an arbitration courg goes into effect.

The increase applies to all ”award" workers -- that is; all trade union workers receiving agreed rates of pay. Meat workers in New zenlmd except those in agriculture and publicservlce are The Government has since announced that its civil ser- vuits will benefit from the award.

In cold cash, it will mean an ad- dltional three shillings (45 cents) In the pound for wage earners. A worker previously earning no (330) will get an addition! 30 shillings (04.60).

The l5-per-cent increase will ab- sorb : temporary lncreue of seven shillings I week. granted last June when agitation for higher rates of pay was widespread.

It still falls short of the flat in- crease of 522 l8s.6d (38.71) weekly sought by the Federation of Labor and the is 106 demanded by the Trades Union congress. Both bod- les call the arbitration court swurd "inadequate." l Manufacturer: have protested that higher wnges will mean high- er prices for goods. The Govern- ment haa promised to impose rigid controls it llloh a. rise begins.

High world prices for wool are chiefly responsible for the court's wage declslo .

"One of the principal factors just- ifying the proposed general order is our interim prosperity." the court; said. ”We think that all work- ers should share proportionately in the.1-esults of that prosperity. hav- ing regard to their normal value to industry."

The court estimated this season's

location of the burden did not command public understanding end support. it might become necessary to meke increasingly- general use of direct controls in' order to back up fiscal and mone-

taty measures. despite the dung- ers to economic efficiency Ind personal freedom inherent in such controls."

In seeking a solution to the problem the goal should be to "minimize any unfairness which

wool should illlll I. ' cg with about 2 mm the previous sound. ; (-

It (reckoned New zuiandb total overt gar -161. would be zaismo. . or swxuiimtd! I70.- ooo.ooo mot! thin 150. e

In an attempt to curb inflation- ary trends. tbs O0IIfIIlll0l.13rhI5 promised to hold grleu of butter.

and out at present levels by increased . and to watch for rises In the price of other comiviodltlee.

VIEVNA. Aulirin. Feb. 18 - (Reuters)-Frans Peichlnger who escaped military service cum he was always declued unfit. has died at Alatmuenstpr. and mo- Austi-is's oldest men.

at .'"''..:.:'.'..i".:.'.':.'.:.''....

MON'!'R.llAL. Feb. 1: -(OP) - A conference between Canadian end French Transport Department officials will be held here ahortly regarding the Nov. 13 craahtof a Monti-epl-chartered aircraft in the French Alps. The "Canadian Pil- grim" cruhed while returning from home with holy year pil-

owners of the craft, said 1 the meetings will 00.mplete record of the crash.

(rim. of the 50 killed. 5'! were Canadians. W. R. .7. Oliver. presi-

AVA

might arise.”

R. T. HOLMAN LTD. it

WALLPAPER CATALOGUE8

. R. T. HOLMAN LTD. . Please Send Your New 1951 FREE Wallpaper Book i ' T0-NAME ' ' ADDRESS. .- ' I , T

dent of Curtis:-Reid Airtours Ltd..

To

ILABLE Now

of

The New, 1951

Order Today

Summerside or Charlottetown

mfg

g .

! " HURRY !

Sale.

P. D. O. Reg. 55.95 for . .

uahty S A LE

0 There has been a big advance in Hflie price of clothing for Spring - Our Sale, is at the Old Price less remarltdle discounts on FRESH - CLEAN - BRANDED merchandise

as listed below - Many other exceptional . bargains not listed ore ova

-SHTOCK up For SPRING -- UNDERWEAR

. . 53.95

llable during this

SUITS A Tailored by COOK and PROGRESS l

...................

HURRY !

MEN'S WEAR

32.00 for . Work 6

' '12, w. c.

2392;

.,4

II J . . 34.50 A

"' ""e'.'.'."s'z.9E" e

Dunqurees. reg. 53.50 for . 0 ii suoss 35 for

VCN '1 o e '

33; -

Work Glo '. lined. i ' '" si.3s,''''-

Ioves. . sue for mu -.- N6:I.'1;ATlolQt .. no.”

ytiiviifp gas. is - Fll. . ran. to - mil in A ?REMeiyiiirn: "Nap... Everlnt 0 i i

Reg. 53.95 for 32.75 W0'5t”':;m, ggggrimg-Q Weeds g1'MAN;f5Lp's These prices caiigt be duplicated c IINATIONS 1,3 9,... 250x. DISCOUNT Monsters 5'" "'5 1-3 on: 1-1 OFF woiut CLOTHES l-dl-8' weight. 395536.50 for g;j;;"1g'w0g;"ggyp ' 1-3 on

' Reel

. In

Tailored SKIRTS I09. 310.50. for . . 311.95 ' Reg. 312.5010! . 37.95

i HOII A '

Ky Herve -Woods.

see rs,

Va us at