PAGE FOUR

. me cnnntonerown GUARDIAN

l-Idlter and annulus Auuelsta Editors-FIN!!!

g1,” pep year tin advance) lmal

WEDNESDAY,

COMPANY LAWS

The reference by Premier Ben-imnuwnwq,

, . u r. la. r. "'"d""'" §i'.','.'.'.'.,'_ Lamar-Col. u. A. amuaunu. 0- l- 0-

Yko-Pnsllsst-d- I- Bun-l

Director-al- ll. Barnett. Walker and D. l. Canto

. use enl- lfornlng mu; (founded ins.) us» an year (ll 14' I 4""

led la Canada and United Billet

MAY, l, 183$

portion of the money W" P“ W‘ m» poor law administration and till

’ of Palconwood could

nett in the House of Commons i0 be transferred to Plymfll" ma"

our act granting registration to companies on a basis more liberal than most other llmflm“ m‘! be taken and welcomed 8-! l

advertisement. It null he noted the Prime Minister did not take ex-

ccptlon to the better terms offered

gm, 01d Age Pension Act. This ‘would necessarily reduce consider- gably the amount which the WWW‘ fment will otherwise have m find for Eerie institution of 01c Ase Peneiwl 1t is not known. however. Whit '1" actual cost and what the additions-l

here. but merely remarked that wcmmponlm Wm be. R rm b, m;

were on a footing with Delaware in gm united States, where thous- sirds of big companies operating in New York City wcre registered. If we u-e in a position to give better firms than other chartered companies there is n0 reason why we should not enjoy the fruits of our enterprise. Itisnot suggested by the Dominion Gov- ernment that immediate steps should be taken to place all the provinces and the Dominion on the same footing with regard to corn- pany laws. All that the Prime Min- ister suggested was that sometime in the future “when normal times return" s conference between the Dominion and the province; will be held to clear up difficulties res- pecting the cperatbn of companies. The principal adverse criticism of- fered to existing conditions is that in many provinces the legislation is much looser than under Dominion statutes, permitting almost iilimit- able "watered stock" to the detri- ment of the investing public and the industries themselves. “when “normal times return" these ques- tions will be dealt with but mean- time it is Presumed offenders will take warning from what has been laid in the House of commons a- bout their uneth!cal practices.

P. O. DEFICIT

According tc a discussion in the House of Commons the Hon. m. fiauve, Postmaster General, an- ticipates a deficit of 9.308.000 this year in the operating of the Post Office. This is a very ccnside “ loss, but it is only about half what It was last year, the deficit then being $316,596. It is s curious fact [that public ownership is rarely a paying enterprise in the Dominion. iwe have the outstanding examples of the railways and the post office as proof of tibia. In the Mother LandthePostOfffceiscneofthe highly profitable departments, but evsn than a demand is being made for an investigation in- to itscperation, as one of the preview assistant Postmaster 1s, during his regime, dis- vered first business was being ssrrled on in a very rmmethcdical ' nncr. no cited instance after Instance where extravasences that would not be tolerated in MV- ate businel were not only W- lnitted but encourssed by MIMI-i- dem. No doubt the nme holds seed here, and if the revelsticlu made in connection with the railway man- sssnaent are typical it would seem thatmoneywasnoobiect inthc pcnsidsratlan cf what is termed the adequate carrying on of public servicm. The depression whfch has overtaken us since i020 may be a blessing in disguise if ft bring! governments and cfficfaldom to realise that. the business of the state must be carried on as eco- nomically and efficiently as busi- ness in the commercial world.

- GETTING READY

The appointment of Mr. Irvine U. MscLaren in make comple‘ in-

provines for i

1|duty of W. MacLaren as investifll’ tor to ascertain, ss "nearly ls P06- sible, the nurn of need neevle ientitied and Pkely to benefit from ithe Act and the cost thereof to the ‘province. when this information 'ha.s been obtained and checkcd the government will be in a pcsitlon In {deems how it is going to finance [in share "of the Old Age Pension ischeme.

IMPORTANT MEETING

With the automobile season about

‘ to open, the present occasion is op-

portune fn which to stress the ef- fective work being dcnc by the Prince Edward Island Motor League. The annual meeting of the League takes place this evening at 8 p.m. in the Board of Trade rooms, when the reports of the past year will be submitted and plans discussed for this season's activities. The League is affiliated by membership with the Canadian AI‘ "ie Association and with all recognized automobile clubs and leagues in Canada, thus bringing into effect reciprocal service in ev- ery province. One of the main benefits given by the members is the League's emergency road serv- ice, which is operated by garages located within call distance throughout the whole Province and numbering twenty-eight in all. A legal service la all supplied. _ I The Icague activities include ac- tive cc-operatlon with the Provin- cial Department of Public Works in the placing of road signs and dan- ger signals at crossings. A strong drive for ' membership is contemplated, and it is hoped to have the co-cperation of all mo- torists ln the League's activities this year.

League officials point out that there are about 8,000 motor cars in the Province, representing an in- vestment of some 88,000,000. The taxes P114 last year to the Provin- cial Government from. real estate, income, personal property and road tax was about 8180.000, while the gross gas tax andmotcr unregis- tratfon was about 0287,0004

‘ ..., argument for the importance of the traffic and for the existence of a live-wire organisation‘ auch- as the Motor League.

A FAMED OFFICER

A hero whose exploits will some day be capitalised by scenarlcwrit- era died a few days ago at Ottawa, on the very eve of his wedding. lIe was Inspector A. n. Joy, officer in charge of the lisstcrn Arctic sub- division of the R0711 Canadian Mounted Police and one of the most colorful and romantic lities In that storied Pores. Since 1014 In- spector Joy had never spent s Sum- mer in civilization, and this year was to be no exception, since the growth of the Dominica's interests in the hinterland made it n y for close contact to be maintained between the posts encroaching on the North Pole and the adminis- trative offfces of the force.

Early in his connection with the

wcstigstion into the cost of the

_Oid Age Pensions system here is an the dominating figdfb in the "flag: ‘the House. mu is a measure wnreii nucleation emit the Government u silences." At one time reports leak- has evidently been ions overdue. in depend w Precedent-I when making the necessary Drepflratlons ed out of the north that a white ‘On mm thin one welliw durins time “is no widbliflled rule- Ind‘ pro-election trapper nsmed- Janes had been the recent session, questona of pro- these precedents are doubly ccn- ' pledge. The new arrangement be- slain by an Eskimo far beyond the ccdure arose and some doubt was tusfnlwhefl "F! 490ml! 00 I0!!! tween the Dominion Qovernment,borders of civilisation. Up to that expressed as to the authority on members recollection or interprets- and the Provinces provides for the time there had been no police force which the speaker's ruling was ticn which may, apd often does, based. The speaker, of course, fol- to the interpretation or Inspector Joy, then a constable, lowed the written rules of the geconeotiouor some other menace. House. Where these did not apply The rhly safe course is to have the balance of twenty-five percent w. and m: um with me only» he followed precedent, and where rule. mt unto one. and u» ref-i uanmneuamnsnaucnrv-mvulstiwlndwvllieuslirlwemmmeoedent m found he fcl-

ifzr fu'ill1ing the’:

Federal Government sssunfng seventy-five percent of the amount paid out in Old Ale Pensions, the

sub-Arctic and Arctic, he became

in the Arctic.

was sent North on s whaling boat,’

to investigate the reports. A year later a vessel callcdfcr him at an out-of-ths-way harbor, me found that he had dcna a very thorough job. He had acted as detective. un- dertaker, coroncr, magistrafc, and jailer, and ma ready for transport back to the white-man's courts,‘ a native named Noo-kud-lah. The story of um lhkimds sdventures in the South has been written fre- quently, and for I time the killer, who was saved Iron‘. Gmdeath pen- alty because of his ignorance of the laws of more advanced races, was imprisoned at stony Mountain pen- itentiary. He was later ts.ken back to his native habitat, and died there quite recently.

Later Inspector Joy, then a staff- sergeant, lmdertcok s great 2,000- mlle patrol in the sub-Arctic which was, in effect, the planting of the symbol of c = -.' s ;" over the entire Arctic archipelago. On this patrol, he was accompanied by a constafiie and an Eskimo, the latter having previously accompan- ied Comman‘ Peary in his fam- ous dash for the Pole.

Buch a hold did Joy obtain on the imaginat‘ of all associated with ‘the North, that he was the modern personification there of the romance of the old R.N.W.M.P. of the Prairie days.

CANADA'S WEALTH

The I931 decennial census affords an inexhaustible source of infor- mation about Canada and things‘ Canadian, and regularly the Dom- inion Bureau of Statistics issues bulletins marking the progress made in digesting thcfmeaning of the facts and figures gathered by the census takers. One of the latest bulletins of the Bureau deals with the tangible wealth of the country and the proportion of that wealth represented by foreign capital. Canada's tangible wealth is-found to be about 830840900000, or ap- proxmntely $3084 per caplta. The, amount of business capital em- ployed in the Dominion is placed by the Bureau at $l’l,500,000,000. Of this, cs ‘per- cent., of $ll,3'f5,000,000. is owned by Canadians, and the re- maining 35 per cent., or $6,135,000,- 000, abroad. Americans come first among the outside holders of Cans~ dlari capital, owning 8,726,715,000. People cf the British Isles are second with 9,228,024,000, and in other countries $171,188,000 is held. In making its estimate, the Bureau includes as capital all money invested in Dominon, prov- fncfsl or municipal bonds, invest- ments in railways, manufacturing concerns, public utilities, mines, metal indust ies, trad‘ng establish- ments, finance, insurance, land and mortgage companies. Pflvatc capit- al invested in homes and farms is not included.

From these figures it will he seen American invmtments 1n Canada amount to about l2 per cent. of the tangible wealth of the Dominion, sndpther ouhide investments to about 8 per cent. The Canadian equity u still 00 per cent. Forty per cent. ofthe American ivestment, or about sl.soo,ooo,ooo, m." been laid out in building, equipping and maintaining branch factories. These factorllm are a product of our tariff. On the investment in them, cf course. and on the other invest- ments as well, we are required to pay interest or provide Plbfiis. But the investments have crested in- dustiy. and the industries have provided payrolls. Canadian labor draws immeasurably more from American and other outside in- vest/meats than does the outside capital.

REVISING THE RULES

one of the last. acts of the legi- lature before proroguing was to lrvoint a oornmlttce u» revise, dur-

guthoflty; but it was found that Bourinot did not always coincide with the practise as other sessions. ‘The fact of the mat- ter, as the Premier pointed out, is that the ‘rules of the House have lng reoeu, the rules of procedure in become badly in need of revision. It his too long been the practise

-—--i- they want to extend thalryeggq. enhance. must be wenereditiio meet the most exacting " of the purchaser. Nothing shag-g 5g

cuts an insignificant

in business. -

In Hamilton. Ontario, a m“ with a pitiful story got relief to the extent of $200. The; 4g, w“ learned he ma $1.000 in the’ bank The magistrate made short work cfhlscascliegavathsmm g1; months in prison and fined mm $200. That ought to be a salutary warning to others of the same stripe. Everybody wants to see u” really needy relieved, but not less will they appreciate severe plflflgh- ment of any who take relief out e1 the mouths of those who should receive it. "

I- -

The of _ 1 ed today exceeds by 200,000 the number employed s year

which is true of no other Indus. trial country. This has been sohle. ved in spite of the fact that there has been, even during the pggt year, a further rise in real wages; for, while money wages have (51- len by two percent, the cost of liv- ing, in spite of the deyreciatcn of the sterling exchange, has {gum by four percent. "And the Qxplg- nation is an encouragement for the future. For the explanation lies in the fact that cvcr a wide field of her characteristic activi- ties Great Britain today is once again the cheapest producer in the world-John Maynard Kcynes.

Mr. Ramsay MacDonald in s re- cent letter points out that, while there was a division in the Labor ranks over the question of fro: trade, "the trend of opinion was to- ward some form of protection as a help to enterprise, organization and a good standard of life, though not as a cure for our industrial ills" and the Government “had to face the facts and take steps to balance the budget and protect our market against cut-throat compe- tition." Only a National Govern- ment could face such a situation, and it has in large measure per- formed its task. ~

In s. mcent speech the Hog. Stanley Baldwin said. "We are go- ing to put to the proof whether the fiscal system upon which we are. entering irg0lng to dc that. good to the country, or a portion of it, which _we believed it would do... If it does do good the system will continue as long as it does. If it fails the system will be chang- ed, and that is the common sense of the matter."

There are people, apparently, who, either selfish or merely stu- pid, wcn't obey the law until they are compelled to. The problem of dealing with this class has been greatly increased by the growth of the motor car, and it seems to be true that many people who are or- dinarily considerate and sensible lose both cf these virtues imme- diately they get behind the wheel of an automobil . Public safety, however, must be safeguarded, even though the price be the mak- ing 'of an example of a. lot cf of- fenders. The British have paid that price, found it a good invest- ment. "

No human who can laugh pro perly is in the mood to harm his neighbor or himself. There is no cure for what we have in the guf- faws and cackling brought forth by the stupidity of fools like those who yaup at. nasty jokes. But healthy laughter could defeat any melancholy. We need more and more signatures on the big and merry contract with humor to pro- duce the sentiment that invites better times. At present we seem to have to go to the sham world of the stage to induce the merry heart. We do seem to need pl achers of the gospel of hum0r—- for humor is a. gift of God-Alisa Craig Banner.

lowed the authority of Besuchesne. The ‘Opposition leader insisted on quoting Bourinot as the final

followed at

sores av rnlsissi,

Canada and Great nriun,"i~ g. .

this will be of much use. Bentimlalf

Bylllssm W. Berton. MD "

warn-m- arm BODY snaracs

Home of our overweight friends defend their overeating by pointing out that as they have such s. large body, 50.111061! surface measure- ment, that they must est a lot of food, as the amount of food required by the body depends upon the amount cf surface measurement.

In a general .way their argument incorrect, because the amount of food required, where the individual has reached manhood or woman- hcod,isbasedontilisfact.,.

However this estimate does nct lnbiy to fat people any lnoreithan it does to thin people; >it applies only to those of normal weight for their particular height. and type of build (greyhound or bulldog.)

How can you find out just how much food you need for your par- ticular body? Simply-by watching your weight.

Uptothe ageofthlrt-ydnaklngs very alight gain in -weight from weckto week or month to month ls quite natural because a sort of ‘filling ‘out’ process is going on. By the sge of thirty or three or four years before, this process is usually complete and. no more weight should be gained.

n. u at this time and lnytilnc afterwards then that you should begin to watch your weight. When the amount of food youeat supplies

‘aningsb Thesh-aggleraol til! li-mk 5°

cbaslnsby- Berehsvslcometcwllli-‘mm’

rain. . Andlhaveforund a Wham"

g ' thrills the Pl!" “m; g glgeping wound, ncw filli- now old. (Will there never be suree the talc be told?) Here ls this lovely "W- m7 ma“ ‘ ‘ friend. ‘Ibm by the thunderbolt from mil to end. And "mu n. lives. seem!“ i" 0",‘ ticn "Why In all this world of trees millt 1i bfl?" Ilor trees must stand in their accus- tomed p11". '

Aeceptingy-ain and flreowith 601111

. grace.

Now as the sorrowifll bu" lumm” X01’ 9753'":

softly there falls upon the liatenins

grief. The ripping of s. raindrop 1mm I leaf.

—Dorls m...‘ Bard in New York Times.

Wall Street Ballyhoo

(TQIODW Child) Angered by colossal losses in Wall Street and stung W m” W!’

8i! . A sound as healing as diminished

all‘ the energy you need and your picion that all was not "on the

.., remains the same‘ day after lqvel," American investors and day and week after week then you Qpwmgbm 3:9 further incensed by know that your food intake u just ‘m, revelations in the Benatc

lose a‘ pound occasionally this means nothing, and should never give any concern. This L; usuany due to s little di.fI ' in the amount of water lithe tissues from time m time. " o

Ifhowever youllndthat there is a slow but’ gradual increase in weight, or a slow but gradual lose of wefghtyyou can readily seevthat you are eating a little more; or a little‘ less food than your body re- .qulres.~‘ » i - . As you know the body‘ doesnft make or destroy weight; ‘all the body docs is to use-the food mater- lakeatzn, and ‘after using what ft needs afar the processes of the body-digestion, respiration; and so ‘forth-if any is not used for these processes or for-the work or play done oy the ylnuscles of the body,

right." should you gain s pound "or fpmmce mqury at Wsshinsion; It

isbmeneuynmloeemoneyini fair deal. but if the dice are load- ed the loser naturally calls 101' plmishment.

It has long been a mystery 130' the market is ‘ 3y .. ’ bythemostrid" which apparently come from n0- where. exert their ‘influence. um! then dissolve in contradiction-after the harm 3s done. Followers of the ticker are familiar‘ with such a message as this, once observed .0" the tape: "The market quickly on anunor that a hill! personage had been assassinated.” No name orplace was given; it was merely an idle, invented rum- or with no foundation. Aflock of speculators, tense and unsettled. accept such s report as correct and while plotters

reacted

then weight increases. If sufficlent~i5°u me" “bu” food is not geaten m: these process- wmfvhe" h‘ m‘ b"°"“°““d m“ es, and- for_ muscular work, th ‘ Pmm" I

the" h 1°55 of welahh Revelations it Wash ngton 011 The point then is that fat people yuan? W” °1 “ “ram m“ d” have continuously eaten more food 9mm“! chmwt“ A tmfil“! °I “m, the“ body Drown“ needed’ o, ‘exhibits filed with the committee for the amount of exercise they mama“! m"? “lmmd °h°q“°‘ have takcmhcnce their overweight. Wm“ h" Mm P514 V’ Timncm Thgy ghguld we“), the "an ‘m1 [writers by A. Newton Plummer, now not talk about their 15119 bqdy guf- under indictment for alleged P08- face needingsomuch food. swim of forged securities. and

.whc was dcscrbed as publicity man- Out Of The Past

‘ager for sixty-one pool operations. Representative La Guardia of New (Vancouver Province) I-Iereoareisome pleasing thoughts

York said Plummer would testify for business men, worried politicians . and otherpersons who would rather gargle their troubles than swallow them whole. The great composer hlrcell wrote 260 years ago these cheering lines: "Why ac'serious,,why so grave? Men of ‘bushssnwhy so muddy? Thyself from chance‘ thou can not save; with alfthy care and study. Look merrily then, 1ook merrily . than, ‘ - » I And take thy repose. Ibrthe World was bad before thou wert born, And whenwill it. mend, who knows,‘ who knows?” Another hopeful chant comes out of Punch of nearly a hundred years| ago. It is about a shepherd who‘ blew atone on his whistle-pipe tc cheer 'llp' sbunch of lambs who though ‘ the -- bad weather would never break and that there was no moreqoy-inilife. 'I'hc' last verse ssyszi ' "Hepipedthazihe knew Why theseslohs go round, Andwhygreentha Ifllg grew At his pipe’! pretty sdlmd. ' And howjrafn succeeds sun, And how sun succeeds rain, And how, everytlifllb done, ‘Io beatarted stein. Till the stars like ripe apples shall lo he" piped them his merry-down- derryrhs did, In mite of it all."