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h Any one ofiiroao handsome proeileol Olllana oih Son is sure to please any man. Gay holiday packages hold various ouorimania of world- iemous Gillette shoving iiorns, favourite: with man everywhere. The season's Hnosi selection in holl- for man, priced from 90;! to 36.00.

day gills

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Gllloiia Mllord Gift Sci. Gold-plated one-Piece Razor nnd 10-Blade Dis- penier in sturdy travel can -plus an crtra 10-Blade Dispenser and I tube of Gillette Sh ving Cream.

Gilt Pack of 50 Gllloiia Iluo Ilodos in Dispensers: Months of shaving pleasure are ahead for every man who receive: one of these colourful gift packs containing 5 Dis- V pensers. each holding 10 Gillette Blue Blades. Makes blade hanging a cinch.. . . . . . . . . . . . .

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case since 1936. Brantford recently reported it had not had a sinilln use in no years. and Niagara Falls

Gm. Onl. .-751-i - The city

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since 1923 - but not a single 22 yelrs.

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Snort Echoes From

Prince county

The new junior hockey turn of Bummerside has lost two of its most valuable members. Lsysh Schunnsn and Paul lchurmar. have accepted an invitation to play hockey in Sussex. N.B. thin winter with the Junior club then. The boys left Summerslde Saturday for the New Brunswick dairy tan. They plan to attend high schotl. there so that their education will not be interrupted. They will prob- ably play on the school team as well as on the junior aggregation.

C I

This new development will put a bit of a crimp into either the jun- iors or juveniles of summerside this season. If the juniors organize. they will be minus two mighty smart puck manipulators. If the junior: decide not to go ahead with their plans. the juveniles will have to do without Paul Schurman who is still eligible to play in that divis- ion. Anyway you look at it. the de- cision of the two schurman boys will deflate hcckey hopes in the "Rinkless Town of the Marltlmes."

I C

Mobilizing an intermediate team in Summerside this winter is go- ing to be something like pi!-king pansies in December. That doesn't mean it can't be done. It's surpris- ing how players materialize once you get out and look for ”cm. If the junior club dces not function. there will he quite I number of boys from eighteen to twenty who could be used in an intermediate sextet. Yes. we know that's an- other example of having boys play out of their age division. but boys who are hcckc -minded will play hockey come ehenna or floods. nnd if they've aged beyond all av- ailable divisions in the town. about the only thing they can do is play intermediate. 0 O I wn understand the Prince Edward island basketball league will not begin untu after New Years. ll'.'xhib- ition games have started. however. and we hope acme games will be arranged for the R,.G.A.F. court in the near future. 0 O I

What has become of the Island- ers' famous scoring punch? They have scored four goals in the last three games, a goal every forty- seven minutes! During that time they have pelted enough fubbef I'- lhc net to keep l.he Goodyear pec- ple supnlied for a year. The oppos- ing goalie. no matter who he is. be- comes the man of the hour. D'AOust won the hat award in Charlotte- town and Cclvin was No. 1 in the Llirec-star selection in Moncton The Islanders have been beaten nine times, but we don't recall their over having been outshot, Invar- lably they have the advantase 1" territorial play. In spite of this. they have broken exactly even in the games played since their initial string of ten straight victories. Do goal-tenders rise to unaccustomed heights when they face the Island- crs. cr is there something about the garnet and gold tactics over the en- emy blue-line that cries out for ii post-mortem?

Says-ilhslcri Should Not Havelflayed

Ni-zw GVLASGOVV. N. s.. Dec. 4 Diem-President Bryce Love of the Maritime Hockey Association announced here that controvers- ial clefcnceman Jack Thaler should not have played Saturday night for the saint John Beavers in their M. S. H. 1.. game with Halifax St. Mary's. He said the result of a mail vote of M. A. H. A. officials would be announced tomorrow. Previously secretary-resist!” Gene Connolly of the M. A. H- A announced in Sydney V-hit l-hf Glace Bay Miners of the C. B. H. B. L. had not yet given Thaler his release.

Although there was much spec-

iniie opinions were expressed either here or at Sydney I! 10 where hc will eventually play.

Mr. Love said "dlscipiinlry I0!- inn" will be taken recording the game he played Saturday at saint John. Ai sydney. it was beuwed Thalcr may be traded by M109" '0 Mom-ton Hawks of the M-B-H-L for Lou Miiani. ii starry i0"VI'd-

Mr. Love said that ''In the eyes of the M.A.H.A. and the C.A-H-A Thaler Ls still the properly of Min- ers."

By liagux G Shorten

ulaiion regarding Thaler no def-'

ACCOUNTS NOW ON

Montreal Dec. 4 - This ing reduction in

in Canada's business outlook and

the 133rd annual meeting today.

"But there are shadows also..." the speaker observed. "We live in A1 eerie twilight . . . between cold war and an all-out struggle." he said. "Even while we long for peace and work for peace.'we must meet the exigencies of the present mo- ment and, as best we may. prepare 101' What the future may bring.” National securiviy at this critical stage of international developmcnis could not. he felt, he maintained on the cheap." and the increased use of manpower and materials for defence would inevitably demand some readjustment of living slan- dards. Gordon R. Ball. general manager. presented the bank's balance sheet featuring total assets at 52.190 mil- lions and deposits at 32,063 millions. These C0mRarcd with imial assets at 52.140 millions and deposits at 02.019 millions at the previous year-end. He noted that the B of M now counted more than 1,800,000 deposit accounts on its books in Canada -. an increase of over half a million in the past six years. Current loans stood at 8528.000,- 000 - representing an increase of H10” than 040000.000 over the year.

No 'Gold Siaridsrd' of Ideals

f'1'0d8y." the IB of M president said. "we are witnessing a marked revival of inflationary pressures" ...only one of the manifold prob- lems and anxieties brought about by international tension and un- rest. However, he continued. "the most disquieting aspect of unfolding events is the absence of a common ideological ground on which in base a meeting of minds. There seems to be no lgold .siandard' of ideals or conduci to which dictator- shlps and democracies can give common adherence." t

. Discussing economic implications in the face of the continuing chal- lenge to peace. Mr. Gardner said, "we must accept the fact that the defenceprogram of the immediate future is not something that can readily be brought within the com- pass of business as usual'."

It is true. he continued. that Canada possessed an expanding economy. that productive capacity in terms of resources. equipment and "know-how” is much larger ifnan it was at the beginning oi World War II and that further pro- gress in this direction is possible. But. he said, ”i'hc claims of the in- creased defence program in terms of manpower and materials. come at a time when civilian demand for oonsumer and capital goods is al- ready pressing heavily upon the ceiling of available supply."

In consequence. said Mr. Gard- ner. the additional requirements of partial mobilization. while relative- ly small in themselves. constitute an "extra" involving a degree of insflationary potential far out of proportion to its size.

Methods of Control

"It seems apparent. however." Mr. Gardner observed. "that the methods which could be used with some success to restrain inflation- ary pressure under condiiions of com-plate mobilization are not. from a practical standpoint. appropriate to the present, state of affairs." The lesson which was plain to be seen in past experience. he said. was that "direct controls applied to any one phase of economic aciiviiy can accomplish very little unless all other aspects of the economy are similarly broug-ht un- dcr restriction."

This, he said. plus the important prdblem of obtaining public ac- capiance of the regimeniation in- volved. is the practical o-bsiacle confronting those who urge that Canada should now return to the mechanism of widespread control employed in World War II. "While -wise and forthright gov- ernmcn-lal policy may do something to check inflationary forces." Mr. Gardner went on. "little can be ac- complished unlcss the understand- ing. levei-headedness and co-open wtion of the Canadian people in all walks of life can he enlisted for the task."

'l'sy As You (1m' Policy

Discussing the Government's rc- aponsibility in the matter. Mr. Gardner said that "strict adherence to pay as you go' should be the foundation stone of any program suited to the needs of ihe time." Such an objective required the courage and determination lo cut off remorselessly the frills of gay- ernmental outlay and to present an un-compromising front to demands. from any quarter. for unnccesssiy additions therein.

"Canadians will. as in the pasl. accept higher taxation in good spirit if they are assured of the urgency of the need and the equity and wisdom of the measures adopt- ed. But they also have the right to expect some tangible evidence of stringent economy in the ad- ministration of the funds which the pulbiic provide."

' Flexible Interest Rates

As a further measure in check creeping inflation. the B of M presi-

OOMPLETE VISUAL REVRALTION and

ANALYSI

,, G. F. HIITCHESON I SON Optometrists 5: Grafton. St.

Marked inflationary Pressures Reviewed By B of M President

1!. C. Gardner say. National Security Cannot Ba Maintained ”0Il Ilse Cilelp”

ii of M mar-osrrs. LOAN. snow srzanr GAIN; i.seo.ooo DEPOSIT nooks - nzronrs oonnox BALL. GENEBAL Marmara

A year's freeing of the Canadian dollar. the strik- dieladverse trade balance with the U.S. and in the export surplus in trade with the sterling ares. confirmed reasoned confidence

impressive long-term potentialities.

B. C. Gardner, president of the Bank of Montreal. told shareholders at

dent said that I "bold and flexible use of the weapons of official m0ne'iaI'y policy was obviously required. , 'Du1'lnl the war years and well into the posiwarvperiod." Mr. Gard. 091' P80311641. 'ltp was frequently argued that any important change in the basic pattern of interest rates was unnecessary and undesirable. '1his line. of thought was. of course, heavily influenced by wartime ex- ilerience. when the rate of saving was deiennined much more by patriotic motives than monetary considerations. when the demand foi- capital could be regulated by direct controls and when the in- fiaiionary implications of an ex- panding money supply were lam. porarily masked by the price cell. "Ea

";1'he 1301 of the matter is." he pursued. "that this country has been lacing - . . enormous demand; on its capital resources to meet the needs of vigorously expand-ir.g development, y Well before the Korean crisis it was apparent that the low rates of interest to which we had been accustomed in the

ast decade were more than a lit- ie unrealistic and were giving an irriefliafionsry bias to the economic

"Recent action by the central bank in raising the rediscount rate Comes. therefore. as a clear and welcomeofficiai recognition of the role which flcxi-ble interest rates can play in an anti-inflationary program."

General Manager's Address

in his ddress to the shareholders. Mr. Ball commented on the record number. of deposit accounts. "I would like," he said, "io express once. again our appreciation of the confidence in this bank to which these deposit figures bear witness. In the conduct of our business the paramount considerations continue to be the safeguarding of the funds placed with us by our depositors. and .the extension of progressive, efficient and friendly services in the vast number of Canadians and others who make use of our facili- ties to a steadily increasing exicni.”

Commercial loans for inventory purposes had shown a mixed trend. but in some lines there had been indications of stock-piling. we gen- eral manager said. "While evid- ence of upward price pressures are generally ap-parent. ii. must also be notcd the there is a good deal of instability so far as specific stiua- iiions are concerned . . . I think if appropriate. therefore. to sound a note of caution regarding -the mak- ing of commitment solely in anti- cipation of price increases."

The Flush of Fever

in the early months of 1050. Mr. Ball stated. "the economy appeared to be threatened by disquieting in- crcasesgin the number of unem- ployed. by accumulating difficulties in maintaining overseas export trade and by a generally accepted prospect of some recession in dc- mand. production and prices. But a series of developments which could hardly have been foreseen have since combined to produce a condition of a very different na- ture. Today. the flush on ihe face of business is more than the glow of good health. it is heightened by the feverish symptoms of the inflationary virus."

"A strong revival of business ac- tivity in the United States." he said. "together with lde1ayed-ac- ilon' effects of the exchange re- valuations of the previous Septem- ber, gave a remarkable stimulus in our exports across the border. in- deed. ihe xpansion of trade in ihis direction more than offset a continued contraction in the move- ment of Canadian goods to other areas."

Commenting upon Canada's re- cent abandonment of a fixed ex- change rate. Mr. Ball said it was gratifying that this action would be followed shortly by removal of the emergency import restrictions. having gone ilhis far. the time. might well be ripe. he suggested. for n thoroughgoing examinations oflthe matter of exchange con- iro

"We have gone far in many im- portant respects in sincere OHOHH to break down the barriers in in- icrnalional commerce." "But we still have the complex and expensive mechanism of ex- change control."

Mr. Ba-ii felt it would be appro- priate for Canada lo give ii vigor- nus lead in the elimination of the devices of exchange control as rapidly as conditions pcrmii.

The general manager paid iribuic to the staff for "another year of superb perfonnsnce." Every en- deavor was being made. he said. to reduce working hours by simpli- fication of and mechan- ization of operations and to im- prove working conditions.

He expressed his conviction that banking. as a career. offers many more challenging opportunities than in the put for the youna man or woman contemplating a career of commerce and finance.

Itch aoialaa as and 1-3: h "Oahu hold”. lA.kda.aoia0ho.han&- ,, oinuquiamiiui

MlNARD'Sl

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INIMEN

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I. C. A. F. W. D-'8 THIRD TROPHY WIN IN ROW

Betty Miller holds trophy award- ed R. C. A. F. W. D's for winning first prize in the women's section of the 19.30 Warrior Day's parade held at the Canadian National Ex- hibition. It is their third victory in .1 row. The girls have taken five trophies in vetei'ans' parades, both in Canada and the U. S. Presentat- ion was made by Col. W. Rhoades.

Hewwlieclianical Heart lleadyfor Human Beings

By Alton L. Blakeslee CLEVELAND, 0.. Dec. 4-(AP)- A new mechanical heart is ready for trial on human beings, a sur- gcon announced Sunday.

It is kept in an operating room at Hahnemann Hospital in Phil- adelphia, waiting for the first need of it. said Dr. Charles B. Bailey, renowned heart surgeon. B Its first use probably will be top try to revive ii person whose hearln ha stopped beating, one who is clinically dead.

Amazingly compact. only the size of a small console radio. the glass-encased machine substitutes for both the heart and the lungs. Through plastic tubes. it draws dark red. waste-laden blood from the veins. A steel lung gives the blood oxygen. A special pump, no bigger than the human heart, pulses refreshed. bright red blood back into an artery.

The machine can completely de- tour all the blood around the body's own heart and lungs. This means surgeons could open a bloodless living heart. and have time and vision for new and bet- ter kinds of heart operations. It has worked successfully dogs. keeping one dog alive for '11 minor" while the spare heart cir- culated its blood. Dr. Bailey fold the Ohio Chapter of the American ccllcgc of Chest Physicians.

'The dog's own heart took over its usual job again when the moch- me was disconnected. The dog re- covered. he said.

For a month: Dr. Bailey has had the heart-lung machine standing by during heart operations.

It must he proved safe for hum- ans before any doctor could risk using it on a living patient. he ex- plained. lie plans to try it first only as a last desperate measure on someone whose heart stops during surgery. or from other cause.

Then if all other means fail. 'the surgeons will hook the patient to the spare heart. and try to bring him back to life. The other means are massaging the heart by hand, and use of drugs.

This first model of the new

0 5

socks for men

Becaude they're made with 'Kroy wool, they will not shrink. And because they're reinforced with Nylon. they'll wear longer. In attractive colours and patterns-at better stores.

aisle of 'kroy siislirialislile iml reiiilorcoil llmiiglioiil wiili lylos

Products of YORK KNITHNG MILLS limited

OVA Dfl.

it took. cost more ihan 015.000. But if it works. it or improved models may become standby hearts in any hospital.

Samiieddllhs llih Tournamenl

MIAMI. Fla. Dec. 4 -. (APi - Sam Snead won his lilh YIIBJOV tournament of the .VN1!' i0fl".Y 0-" he poagu-d to n five-stroke vlcioixlf in the Yllh annual 510.000 Miami open golf tournament with a 7'1- hole score of 267.

Snead. lending money winnrr for the second straight. year. carded ii hlistcring lhl'9f'-llll(lf'l'-

par 32 on the front side over the 7.000-yard Miami Springs CO” Course and returned in nnc-un- der-psr 34 for-his third succes- sive 66. Ha carded n 59 Olwninit day. He was 13 undcr par for the four-day tournament.

Tire 32.000 first m0nI'.V C715-Wk he picked up brought his ioial earnings for 1950 to 535-759433-

Jack Burke. -Tr-. 27-.VCBI”'0ld 1-iouston,Tcx.. professional. and Dick Mayer, Old Greenwich. Conn. deadlocked for sECOnfl P1-""9 "I 2'72--five sirokes behind SUNG-

mozhanical heart and the research

They each won 51-200-

Bowling

CITY HOSPITAL NURSEU BOVVLING LEAGUE

Higlilanders 1044. Pts-I Silverwings 306 Pta.-I High single - E. MacDonald - l& High double-E. Mae-Donald - 2'76

Atcinis 1258 PCB-1 Gliders 1330 Pts-3 High single - N. D. Connor - 182 High double -. J. Jay -- 316.

Veler-a-ii Baseball. Hockey Player Dies

WELLESLEY. Mass. Dec. 3 - (AP) - Robert P. Hall. 72. of Com- bridgc. former major league base- ball and hockcy player, died Fri- day.

A native of Baltimore. he began his professional basz-bail career with Baltimcre Orioles near the turn of the century and also played with Brooklyn and New York Giants.

He played hockey with the oil Montreal Maroom.

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0- hk THAT raieuo AWAY :5-la, lg s- 13- FROM Home?" m K,

Enclosed please find i., THE GUARDIAN to be sent with my eomnlimmtn wi-

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