k ,

I8.

.361”?

I.

g 1.95 1.95 9.95 9:95 -

lo: 5.95

5.95

I” 1.95 5f95

. Higher prices {or mesmck and Ontario 263.7 1262.8); Saskatche-

, Guardian. ('hulafffiown Thur” DOC 11 19

inChkagoToy

GHICAGQ t_\Pl - Four chil- n - casual on by moo: ol rislmab 5.30;;301'sr—u etc turned 9 .n the drying '.\.»:'l:l

l

you can in five mnutes _‘

e." The haul'.’ Bicycles. 'ns, bal-Ts and a warm ainotm:.

to more than $1.379 retail. 1

The kids. three birys and a gii~i.titS-" his mother said.

u a State Street Council con- w name the elf - like Ilgurcs new liglrtpoles down the loop1

mu'rlifare. The council Iootch bill.

.One boy. ll-it‘ar-cld D e n n i stLWO sets of trains.

, lost a few seconds untan- two bicycles from a rack mule up by grabbing boxes

rm Produce Price-Trend tarted Up Again In Oct. ‘

OTTAWA 'CP‘ — The averagc‘alcbewan and Ontario, offsetting ,declines in the others.

"ce Canadian farmers got for 'r produce started to climb

t

sin in October after a four-1

SIX DOLLS AT ONCE

Di 1 weeks ago had her arn ‘

I ' y ‘ ‘ I in a cu

wntovvn 30} d0:)af‘.PiL‘n's “ed-Willi“th ht, 3y with pawnflr,“ .0 wake and made sev

at) Jet‘, (lullaadvancc piannin

bicycle and wheeled it to a cart. lAll the toys

1: . v I o kes. to) guns, games and a rec-l 0rd player. I

whee on... dolls for his three Sisters and a space helmet. When ii “(is over, one parent posed this question: "What will we get them all for Christmas now?“

Departments

‘1 tlccp :21 h

Hear Again With

5 ai'ni~. (135.: Lingwitz, 10. who two

six dolls at one crack

Maico’s "Natural looking" ' eral relurn trips. in aiicLIier store. Leonard Bel-l

uCOI'CII ” 12. beiiefitzcd from some:

3' HEARING AIDS

“Lenny and I mapped out the or department during recent V15- 0 DEHIND-THE-EAR aids for inconspicuous ear-

Ievel hearing with power and comfort.

Young Belauger first seized a

V had to fit in the: ta'zon, according to rules.

Izicn came (101's for his sister. two more.

{HEARING GLASSES With nothing in either ear if

you have good bone conduc- tron.

Meanwhile. nine - year - old:

‘o BARRETTES in the hair for ladies. Can be fashionably concealed.

lfowerful sound reproduc- tion.

0 OTHER STYLES, TOO Write or phone today for

58 11 .Donald Goglns dashed away with

tot-dies Get 4-Minute Pick *

, APPOINTMENTS

October's index provinces withl F. W. BOYLES I70 Fitzroy Street Charlottetown, P. E. l. DIAL 7325

onth decune, ‘Scptember‘s figures in brackets:

'ry products offset declines for wan 198.8 (198.1l; Alberta 224.6 woes and. poultry products to I222.1t: British Columbia 259.2

the price index of agricul- (253.1l: Prince Edward Island rat products at farms to 236.1 180.8 (191.2): Nova Scotia 214.2 October. up two-fifths of a I215t: New Brunswick N711

int from 236.5 in September. t217.‘2.l; QUBbeC 270.7 ‘27215‘.

bureau of statistics reported} esday. The index.

nee the 223 of October last year. The yardstick for measuring

prices for food made a eady advance between January

May this year and then rted to dip. declining by 7.9 ints in the June-September per-

Regionally. prices went up be- n September and October in ‘tish Columbia. Alberta. Sask-

KEITH I CARMICHAEL ‘ LTD.

PLUMglNG Visit him at an HEATING ARMOURIES AUTHORIZED Dial 3108

ELAVAI. HOUSEHOLD d ‘FARM EQUIPMENT

From 9 am. to 5 pm.

based on 1935-39i 'ces equalling 100. had in. ased by a total of 13.5 points

Your Army Recruiter

will be pleased to answer any guestions concerning a carter in the Canadian Army.

-.../

DE ALER L Sgt. n. c. Sampson ' MCCLIIIOCII Chain Saws [Quinn-IUII-un-II-uuunnun-In. Scott-Atwater _ , t I Outboards or mail this : WIII you ploaso arrango an appointment : Bole“, Garden ' coupon to fly. : with no to discuss aaroors In tho Anny. : Equipment Ibovo address : M g

and he will I ' ' I

I . I

DIAL 6423 mm... l »w__.._____ .: Belvedere Corner appointment : “flow” : Central Royalty with you. : : ' Charlottetown : WV :

l

r

ECONOMIC RECOVERY AND THE THREAT OF INFLATION

Canada.)

.I. UBALD BOYER

It wbuld seem that the bottom of the recession was reached during the first quarter of this year. What has happened since? It is already quite clear that while heavy industry still lags behind, production of non-durable goods has contributed greatly to the recovery. Several factors led to this result. Increased wages. in- come tax reductions, a rise in social security payments and higher farm income. all helped to maintain the increase in disposable income, and thus to prevent an unduly long contraction lin the demand for goods. It should be noted however that this rise in disposable income was not all immediately spent on additional

) purchases. In fact. a sizeable part was saved

“P by individuals. From July, 1957 toduly, 1958. total savings rose by 10 p.c.. or twice as ""1011 as during the previous year. Such a Waiting attitude on the part of the consumer. ind the Well-known hesitation of many busi- ness concerns to undertake substantial new investment programmes, readily explains the reduced output of durable consumer goods And equipment. There lies, probably. one of the main reasons for the slow pace of the economic recovery...Thc overall trend seems Clear. Improved conditions on world markets. the Eduction of inventories in Canada, and the re"lll'kablc strength of the American economy, "er the last six months, should help bring the recovery of our own economy in 1959 ...

The problem of inflation is clearly again a "’1’ disturbing one even if it is to some extent 9 Price to be paid for some of the benefits We have already enjoyed. The money supply l8 risen by one seventh. which is a very high "106A brisk recovery could put all these funds im" “live circulation. thus releasing infla- “Wary pressures which would be difficult to FI‘COIK. An important proportion of the rise ‘9 deposits has accumulated in sayings ac- ”"nls. so that not only bUsiness firms. but '50 consumers should they decide the time 35 come to turn their Cash into goods. could

1 Cause a substantial rise in prices.

(Extracts of addresses by the President; Mr. J. Ubald Boyer. and the General Manager, Mr. Lea Lavoie, at the 58th Annual General Meeting of Shareholders of The Provincial Bank of

ANOTHER YEAR OF EXPANSION FOR THE BANK

LEO LAVOIE

The Annual Statement for the fiscal year end- ing October 3lst, 1958, which was published a few weeks ago. reflects the strength of the Bank and the progress made in all depart- ments.

Deposits have increased during the year from $284- millions to $310 millions. This rise of $26 millions represents increases of $17 mil- lions in savings deposits and $9 millions in all other deposits.

Total loans stand at $154- millions. com- pared with $132 millions last year. A $17 ' million expansion in our advances to trade and industry, accounts for most of this substantial increase of S22 millions.

Investments have grown from $98 millions to $118 millions, an increase of $20 millions.

Quick assets. totalling $176 millions. repre- sent 565‘5 of all our liabilities to the public.

Operating profits have risen from 51.624.000 to $1,800.000. Out of this amount, a contribu- tion of 8150.000 was made to the Bank's Pen- sion Fund Society, while a sum of 8775.000 was set aside for income tax. Profits available for distribution, amounting to 3875.000. are the equivalent of 81.75 per share. compared with $1.60 for the previous year.

Rest Account has been raised from $5 mil- lions to 37 millions. the latter amount to be compared with 52 millions in 1952.

Ten new branches were opened during the year and, on October 3151.. we had 166 branches and 186 agencies in operation.

In order to provide accommodation for some of our Departments. the Canadian Pacific Ex- press Building. next to our Head Office on St. James St., was purchased recently. -

An issue of 200.000 additional shares was announced a few days ago. at the price of $241- each. After all subscriptions have been re- ceived. Paid-up Capital will stand at $7,000,000 and Rest Account at 39.800000.

Our shares were listed on the Montreal Stock Exchange last September. in order to facilitate transactions in our stock and further a wider distribution.

IIEI’ROVINCIAL BANK OF CANADA

Copies of complete addresses are obtainablo at tho Public Relations Department, 221 St. Jams Street West, Montreal.

fl—

BANANAS '

Do your

film/"35' (Si/0M OMINIO

the CHRISTMAS FOOD store «W?

If good eating is one of the pleasures your amin really enjoys at Christmas, switch to DOMINION. the CHRISTMAS FOOD Store.

At DOMINION everything you need for the most fabulous feast imaginable is right at your fingertips. The tenderest. plumpest, best eating turkeys you can buy . . . jams and jellies, pickles and olives, puddings and pies . . . fresh vege- tables. Irozen vegetables and canned vege- tables . . . all kinds of candies, all kinds of truit,‘ and all kinds of nuts.

Switch to DOMINION, the CHRISTMAS FOOD Store, this week! Start stocking up tor Christmas this weekend.

so,

Famus has

c O

akes 8. Candies Moms FINE CHOCOLATES A YORK CHOICE QUALITY Royal ‘Mixture 5332' $3.29 Pears 2 2&2? 43¢ FEATURE! TOWN TALK ASSORTED . SWANS DOWN Chocolates "$0?" $1.49 Cake Flour ‘ “3&2: 43c GRAYS _ GRAVES SOLID PACK Barley Toys oldie; 53c Apples For P‘ies' Ziiiz' 27c GRAYS CHRISTMAS FOR FRYIING

I Candy Canes mi 0F 29c Mazola Oil alii‘ii‘n 45c MOIRS CROWN BRAND , Empress Mix 3:356 35c Corn Syrup 2TB?“ 34: EXCELLENT FOR PARTIES—GATEAUX AYLMER SUNSHINE Irish Fruit Cake filth $1.99 Tomato Juice ‘ii’Nz' 37c

Every Day Is Friendly Courtesy Day

DOMINION PRODUCE

SUNKIST NAVEL FULL OF JUICE

ORANGES

SIZE 163 DOZ.

’ HEALTH B‘RAND RED RIPE

TOMATOES 2 n

GOLDEN RIPE

LBS.

SLACK'S WATERLOO Mushrooms

NEW BRUNSWICK FANCY

McIntosh Apples Sahib 59c

IDEAL FOR SLICING—IMPORTED Cucumbers 3 FOR 29c

CALIFORNIA SIZE 150's ’ CELLO emons S C

8 OZ. PKG.

37c

STORE HOURS

THURS, DEC. 11 8:30 to 6 PM.

a PRESENTS SENSATIONAL * OMIHIG- Holey-Saving Offer!

WORLD’S ONLY FULLY ILLUSTRATED,

' FULL COLOUR ENCYCLOPEDIA / ,

We gearw n

a (Picture

' Encyclopedia

FRIDAY, DEC._ 12 8:30 to 9:30 RM.

SAT., DEC. 13 8:30 to 9:30 PM.

MON ., DEC. 15 8:30 to 6 PM.

TUES., DEC. 16 8:30 to 6 RM.

_WED., DEC. 17 8:30 to 6 RM.

VOLUME ONE

THE ONLY ENCYCLOPEDIA TIIAT ACTUALLY MAKES CNILDRH

ENJOY LEARNING 5457 Bacon BOOK-A-WEEK mm ALL MERCHANDISE 0 12 VOLUMES SOLD AT YOUR D0- 0 OVER 2,400 PAGES ,1 MINION STORE IS a OVER I,000,000 WORDS UNCONDITIONALLY o over 7,500 FULL COLOUR GUARANTEED To ILLUSTRATIONS GIVE YOU -—

100% SATISFACTION

9‘75

{I

y

g

Q

i

r

IOMAIO JUICE

t 1.

5M

The Best Selection Of Christmas Foods 1

CLARK'S FANCY OUALITY

Q

PICNIC STANDARD QUALITY C UT GREEN OR

Plinth 2° a APPLE JUICE

OAKLEAF CHOICE QUALITY

PEACHES

PANTRY SHELF SWEET

MIXED-PICKLES 2

BE SURE YOU HAVE PLENTY. N EW CROP

MIXED NUIS

Menu Suggestions

McLAREN'S STUFFED MANZANILLA

_ 20 OZ. TINS

16 oz. JARS

-i=-.i=- marge

1 is. PKGS.

KRAFT TANGY

Cheez Whiz xiii? 37c Olives ' 0?- midi?" 43c WAGSTAP‘F E SWEET WAFER CHRISTIE'S ' Pickles lii‘ii' 30c Ritz 2 ix‘iizs‘. 43c KRAFT APPLE MINT MCCORMICK'S PLAIN 0R SALTED Jelly 9.1.2171“ 28: Jersey Sodas hill: 34:

SALADA ORANGE PEKOE

Tea Bags

GRAVES SWEET PICKLED

Gherkins 53c coil'm 85c

IOO°/o Guaranteed Meats

FULLY TRIMMED FOR ROASTING. FRESH O 39

PORK SHOULDER 2 49*

16 OZ. JAR

FRESH OR SWEET PICKLED MAPLE LEAF WAXED OR SMOKED

BONA OYTHEPIECELB.35‘ SWIFT‘S BROKFIELD DINNER STYLE MAPLE LEAF ENGLISH STYLE

49C norms 43c CHOICE ISLAND STEER Every one wants a Dominion Short Rlb RoaSI 69‘ Turkey. Order Yours NOW.

Cut Food Costs at

Values Effective Until Closing

SATURDAY, , _ a, . J HRISTMAS rooo Store , , DEC. 13th, . f all"? C 01$ 1953 155 aUEEN STREET. CHARLOT'I‘ETOWN, r. E. l.

DOMINION STORES LTD.

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