PAGE THREE
was GUARDIAN. CHARLOTTETOWN
Canadian Progress Commands T. EI.'.I.Ef. L...;.5.'Z.'i.2..'.3 P.l.?..Il.
World! Respect - B. C. Gardner" M l '9 M Ce W W
0' I Mt"! 03111" ml! be inserted December 15th, until Monday, Jan- et ttvsieents a word. strictly pey- ugry 19th. 5 of M Head Sees Exports, Productivity, Savings I
able In advance. ICE CREAM setlsnes young and old. . t . , and Taxation as Key Problems of Canadian Expansion
DECEMBER 2. 1952 H I . ,s-- '"""” ”
AVOID DISAPPOINTMIENT. - There are only a few days left to place your orders for monogrsmed goods for Christmas gifts. Kemp Stationery, l'1IlA Kent Street.
TOYS! And what. a grand selec- tion to choose from. The Island Book Room. Great George Street.
IMPORTANT NOTICE. - All Harness and Luggage left for re- pairs, not called for in 30' days will be sold. S. L. Hardy & Co.
-"--E-"W 'rruoa're DAILY l ' .GORDON BALL, GENERAL MANAGER, REPORTS ,0 N... Gino. 'fii3p'iTl'iii:i'
AssErs, DEPOSITS AND LOANS AT NEW PEAKS ,,,,,,,,, M,,,,,,,,,, cum, Mmy, I 3061 or 501.
MONTREAL, Dec. 1 - Today, Canada has the admiration and respect of observers everywhere, as "one of the wealthy nations of theworld . . . on the threshold of vast industrial advance," B.C. Gardner, president of the Bank of Montreal, told shareholders at their 135th annual meeting today. But, he emphasized, the policies of government, business and organized
SCHEDULED FLIGHTS daily to Summerside and Moncton Phone Maritime Central Airways Limited. 2061 or 540.
4
G. H. CARE 1). A. DPBSON H. S. PETERSON
Appointment of George H. Carr as President ol Julius Kayser 5: Co., Limited has been an- nounced hy the Board of Directors. Mr. Carr was formerly Vice-President and General Manager. The Board has also announced the appointment of D. A. Dolison as Vice-President in charge of Sales; H. S. Peterson as Vice-President in rliarizc of Maniifartiiring "and .i. G. Kenna as Secretary- Treasurer. Plans for an cxiensivn expansion program, with tho installation of modern equipment
Personals '
Messrs. ollver' MacDonald and Rec MaoFayclen, Churchill, lcit recently for Boston.
Fbiled again!
You PROBABLY use aiutnlnum Y0"
MIcI;0NALD RADIO SERVICE Radio repairing. Amplifiers and sound systems. Disc and tape re-
in your own kitchen as I hand? material for WIBPPIDS fwd ml '1' kinds, Now from Caiifomla 00016! word lhai aluminum foil is being used to wrap ready-cooked en- diiiadas. Lovers of this hi8h1Y uasoned Mexican dish can now limpiy pop them in the oven to heat, then serve them in their tiuminum containcrs.
Food and aluminum 30 D3"-i' niiy together. From the hygienic milkcrs used in modern dairies to mg utensils in hospitals and your own home, aluminum is pnaed for the way it prqtects the purity, color and flavor of food. Alumi- num Company of Canada. Ltd- wcnn).
Coty fragrance makes) it festive!
2- -mi:
,Tiiis graceful crystal swan cer- ries the Perfume Purser-and a box of "Air -Spun" Fece Powder.Choice of L'Origan. L'Aimsiit. Emereude or "Psris'.'
,Hcr,iavoriie perfume. roman. jticaiq placed in a charming Slipper. Choice of L'Origan.
lwllmant. Emeraude or I"Paris"
OTY,
wm
labor "can go far to enrich or of resources and opportunities." Gordon R. Ball, general mana- ger, reported an increase of 365. 000,000 in total assets over last year-cad, for an all-time record figure of 32.286.000.000. The bank had i maintained its traditional strength, with quick assets equiva- lent to 70.71 per cent of all liabilit- ies to the public. Deposits. too. reached an all-time peak, stand-
S2,085,000,000 in 1951. Current loans aggregated 8063,000,000, an- other record figure Mn B of M history and s45,000,000 over Octo- ber 31, 1951.
Canada Still Depends On Exports
Commenting on matters he be- lieved of fundamental importance to this country's future. well-be- ing. Mr. Gardner warned: "we shall do well to ponder that our impressive industrial expansion has as yet done little to render us less dependent on export trade." Canada "can still afford . . . to come under the competitive dis- advantage that we would,suffer if our domestic level of prices should in future years rise more rapidly than corresponding prices in the United States, or in other major countries."
Noting that, despite great mat- erial progress. Canada's annual over-all gain in output is relative- ly limited. being about one and B half per cent, the president pointed out that any improve- ments in living standards, secur- ity, or government services must come out of this modest yearly increase in productivity. What.- ever our objectives. he said, "there is no way of achieving them ex- cept. through increased product- ion."
Savings Make Expansion Poselble
Mr. Gardner observed that Canada's capital requirements have for some time tended to run shear: of new savings provided voluntar- ily by thc Canadian community "The largest single constituent. of voluntary saving is money plough- ed back into industry itself." he remarked" . . Buch retained funds are, therefore, the seed corn 0! industrial growth. Far from being anti-sdch.l-they are a soc- ial necessity." A A
More Government, More Taxes Another highly significant. in-
fluence on Canada's future course, Mr. Gardner said, would be the
ing at s2.i4s,ooo,ooo, compared to .,
to impair any country's capital
, l role ssslbned to the functions of government. " . . There eeems to be an increasing tendency to run to government for protection against what might be called the ordinary hazards of day-to-day business . The fact remains that the services provided by go- vernment must be paid for out of the pockets of private citizens..."
Closing with a special message to youth. the president cstated "Complex as our modern society has become. it has never proven possible to devise a substitute for the qualities which comprise the "gold standard" of business con- duct - industry and integrity. Don't be too preoccupied too soon with security. Remember that it is a paradox of history that endur- ing security must be a product oi risk and that maximum security and maximum progress are incom- patible."
I General Manager's Address
In reviewing the B of M's year, Mr. Bell observed that Dominion and provincial taxes were .s5.9l8. 000 while net earnings came to 35,060,778. Dividends. at the rate of 31.25 per share, totalled S-1,500, 000. The bank's reserve fund had been strengtliened by 52,000,000 and now stood at s53,000,000.
Looking over business condit- ions generally, Mr. Bell said that the year had seen ”a return to a favorable balance of commodity trade." The spectacular perfor- mance of Canada's dollar reflected ". . . the favorable situation of the Canadian economy . . . and, also. through external investment. an optimistic appraisal, by outside.ob- servers, of this country's future prospects". But. in case some view- ed with alarm the extcnt of foreign participation in Canadian indus- try, be emphasized” that . . Canadians themselves provided about 384 out of every S100 of new capital expenditures in this coun- try" in the three years, 1949-51.
The general manager conclud- ed with a warm expression of ap- preciation for the work of the staff. "Banking is is business." he said. "in which personal rela- tionships play a most important part . . . From what I have seen myself in the course of frequent visits to our branches and from what I have heard from others, I am confident that our staff are building for the bank. through courtesy and cheeriulness, an en- ormously valuable fund of good- will."
Ellonls Diary
Continued from page 1
icnce, James declares "is not half as good as the old one;" to a pig- gery bulginiz now with the wean- llngs of season and shortly to other sties and stalls about. ”There'll be no fetching of pails now from the spring for churn- ing!" we laughed to James this evening. glad and sad over it all. He looked his amazement then re- marked quietly: ”No' Ellen - nor any churning!" so ago we see "an old order chari " - ways once an integral part of our living given up; lost and presently for- gotten in the fascination of the new. . 3 I O C
And Jamie? 1-lis misery of yes- terday continued - indeed in- creased u the distressing disorder mounted to its height. "Poor lad," James sympathizecl this evening. "But, with tonight over. the worst will be post. "Tonight over? A brave new day born.
Until tomorrow - - - Diary - - - Good-night. . . . .
A country Garden
rcontinued from page 2
Greek word meaning "to bear to- gether" and fruit, itr was given this imposing name in l'l32.
There are fourteen species scat- tered over North America and the one most. commonly med" graceful branches with dclica e pale pink flowers followed by showy clu.-itere oi waxy whltc fruit, and the foliage is neat. and of a lovely green.
Leaf by ice! the roses fall. Drop by drop the springs rungdry. One by one. beyond recall, summer beauties fade and die; But the roses bloom again, And the springs will gush anew In the pleasant April rain,
And the summer's sun and dew
So in the hours of deepest gloom When the springs of gladnese fell, And the roses in their bloom Droop like maidens wan and pal We shall find some hope that lie Like A silent gem apart. Hidden far from careless eyes, In the garden of the heart.
-C. Howe.
tjjiuii wiiv
” HEY. DALLY,-
WANNA SMELL" I MEAN see--I A MOOSE?
ON A WARM DAY LIKE THl5. COULDN'T you AT LEAe-T HAVE 1 HAP 'l'H' DELIVERY . MAN PUT 'i't-!' MEAT
no Ti-i' COOL CELLAR?
. ergo. lhmwilllanis
THE MAN" 5A!i7 - .IT WAS TOO LATE
N0 --AND I AC-a EEI7. WITH
N i 5'! K ill ?
T
I r the bran
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l., ,1 llM?IlVk;u 1
. i ll" W ” ' !.l'.'', I luv ilmaili , ' E .;r.i?.wii..Lv-x-'- I
Mr. John A. Dougan returned home after spending a week end at the home of Mr. and Mrs. Neil Ferguson, Mt. Herbert.
;, M The Rev. 'A. ll. Weir and M s. weir of Cornwall arrived he Saturday ls'st from London, Ont. Mrs. Weir has been receiving treatment in a London hospital.
The Misses Shirley MacDonald and Mabel Graves, P. E. I. Hos- pital. spent the week end at the home of Mr. and Mrs. Percy Mec- Donald, Churchill. I
'The many friends of Mrs. L. J. Hood will be glad to learn that she returned yesterday from the P. E. 1. Hospital, where she has been I patient. for the past. three months, to the home ofherdaugh- ttir. Mrs. Ernest Beer, 110 Edward
Mr. and Mrs. William Gillls, ac- companied by Mr. and Mrs. Frank Murphy. motored to Grand River on Sunday. They were the guests of Mr. Murphy's sister and bro- ther-in-law, Mr. and Mrs. Neil J. Mcl'..ellan. They also motored to Charlottetown on Monday. where they were the guests of Mrs. ur- phy's and Mrs. Gillis' sister, Mrs. Clair Greenan, 37 Park St. 'riie'y were accompanied home by their mother, Mrs. Margaret Connick.
KEEP THESE IN MIND!
Some of the cancer are:
early signs of
A lump in the lbreast. Unnatural bleeding from I body opening.
A sure that does not heal, par- ticularly of the ski . face, mouth or lips.
Any persistent change in bowel habits - such as diarrhoea or constipation.
.Many Canadians are enjoying life today because they found that early cancer can be cured.
Keep these danger signals In mind and see your doctor if one appears.
For space reservations
cording. 130 Kent St. Phone lZ)7
JUST ARRIVED.-Winter Coats, regular 540.95. epecial,for Christmas sales 539. 95. size 8 to 44. Helen's Dress Shop, 54 Grafton Street.
FIRST AID COURSE, Central Royalty School, Tuesday, December 2nd, 8 P. M. Open to Community.
LITTLE THEATRE. - Tryout party for play-free to all active mcmbe s-refreshments and square dancing to follow at Agricultural Room in Vocational School. Thurs- day. December 4th, at 8.00 P. M.
ncaux of Southport. was the win- ner of the drawing for a made-t.o- measure suit sponsored by the In- ternational Brotherhood of Elect- rical Workers, in aid of the sick fund.
MEETING. - Spring Park I-iall, Wednesday evening, December 3rd, 8.00 P. M. Special films features to be shown. All residents invited. Free lunches. Hall on new loc- ation-plan to build addition. Spring Park Community Club.
ciytie River W.I. Annual Meeting
The annual meeting of the Clyde River W.I. was held Monday even- ing. November 17th at the home of Mrs. C.D. and Mrs. W-A. Mac- Lean. . '
Mrs. Watson Livingstone presid- ed. The meeting opened by singing the "Ode" followed by the "Creed" in unison. Roll call was responded to by 16 members each paying her dues.
The minutes of the last annual meeting and the previous 1-eguiu mcctlng were read, approved gnu signed. The president, Mrs. George Dixon, gave a report of the year's work and asked that the same co- operation which she had received be extended to the new president for the coming year. ,
Reports were also received from the secretary, school committee snd sick committee.
wuss rsurr - Mr. Ernest Moiy- 9
Board. Arrangements have
and latest-type tine-gauge knitting machines at. the nli'(-ririy ing plant to be located at Sherhrooke, Que.
horn
Sitorlirnnke mill romplr-tcrl for is new modern hosiery and trii-at throw-
wera also
announced by
Mrs. Reginald Ma.cKinnon; treas- urer, Mra. John Darrach; conven- ors, Agriculture, Mrs. Eric Lac- Phail; Citizenship, Mrs. John Beer; Home Economics, Mrs. Louis Man- Lean; Arts and Literature, Mrs, Reg Maoxinon; Social Welfare, Mrs! Mont. Hyde; auditors, Mi-s. Eric MacPhail and Mrs. John Gillespieil Sick. Mrs. Mervyn MacPhee and Mrs. Mont Hyde; school, Mrs. Mer-I vyn MacPhee and Mrs. John Gilles- ie
It was decided to hold a sale at the next meeting which is to be held at the home of Mrs. Frankl Gillespie, Mrs. Dixon and Mrs. I-Iarry Ma.cI..ean are to act as riiictlonecrs at the sale. Mrs. Watson LlVllI.'.- stone was appointed to ask Miss Thelma Willis and Miss June Mac- Phee to give a demonstration at the next. meeting.
The lunch committee will be --j Cake, Mrs. Geo. Dixon. Mrs. Frank Gillespie and Mrs. Watson Living-
FOR FUEL
COAL. or on. CALL 240
A. Pickard & Co.
Prompt Service
ston: sandwiches, Mrs. Mervvii. MacPhee, Mrs. W.A. Mz1cLcan anrli
Mrs. Reg. MacKinnon. l
Nine members ordered the In- stitute News. Collection amountcdl to s2.l7. The meeting closed bi” singing the ”Queen" rind lunch was! served by the committee in charge!
I ' CHRISTMAS SALE 1
Fancy work and usefuli
articles, at the Sacred Heart: Home, Wednesday and: 31:11?
Thursday, December
and 4th. I
Hello Good Friends & Customers.
When looking for Burberys. zip-in or sheepskin lined Coats or Station Wagon Coats, Heavy Sweaters. Milton Pants. new and used Airforce or Army Jackets on Pants, Blankets. Wool Socks, Boots or Rub- ber Footwear.
CHECK PRICES AND QUALITY AT THE
K and R STORE
Richmond Street
coming year: President, Mrs. Wat- son Livingstone; vice president.
Mrs. R.D. Matheson; secretary,
BLUE PETER STEAMSI-IIPS LIMITED
M V BLUE PRINCE
Freight will be accepted up to noon Thursday, December 4th for next sailing of MyV Blue Prince tor "Argentia and St. John's, Newfoundland. '
and rates, apply:
NEWFOUNDLAND SHIPPING SERVICE Post: Office Box 65 -- Phone 1605 ,.
Make iliir No. on tiour Clwrisimas Mgilil” parado-
To give or to get . . . there's no nicer present than the Royal De Luxe Portable. A helpful gift for students, a time-sever for Mother, e money-maker for the'career girl or busy executive!
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' lull TJI. l.'l'.Ce.
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Pgoyal
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'F
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