. i

s ' J _ rm: CHARLOTTETOWN c_lJ_/\_Rl>l1\l$ - __ i DECEMBER p‘ m? NG flilht to the franc, and the United / ‘ “

PAGE EIGHT

114th AIYIFIUAL GENERAL MEETI sBANK OF MONTREAL

Marked Degree of Confidence in Outlook of Canada

Sir Charles Gordon. i‘: ' _, in '

l ~ i, sums trunn- éun" sgogggifiiggrlillfldhllIIé United States nfintiberrrorr. not wholly the prone"! u, ‘su Frau,“ and Americans, but in u." auras“; l-llpltsl exported from

France bolus’ “"1” ° ' the nature of "W" ‘I'm'“"' ‘u?’ mew, iii-e holtliilu a lfcrtiuninulo rto or "m" gum ‘mm. yB ii ti! unce The gold IICIJ by Ill“ *1." ° . ' uu "in m,“ nt United suites iiollllrs. u,“ u... ' 009,000 on the 20th harem; be,’ uuuiul; n note ‘circulation o. 200009900 a gold cover of approsl suseis, s’; i,(-.- l-cllt; but notwithstand-

ll ll

of‘ the branch bank system over

' itiou dWl-‘lolnnenis of the year in the leading financial centres of the , 1 be _ b6 BXBCUY “Ppucable- ‘mm m‘ "II "l" ““"'°“‘°'¥ innit“ p" . world-Takes confldcnt view regarding position of Canadian dollar, ilinltisiiaaililikihrgs 355$ (fin bill-nil Wllfd. l0 l-‘lTey-‘nt conditions’ and T1521 thgiligfilfifiiiigut tlllfiflgtlllglilig)’

lntln o " m . others that tell 0! 375v" mud!‘ y [llrbei] by blinking IIIIIIIHII- p0 g ut that a decade ago it sold at a discount of nineteen depression i; has been tIil u m um" per cent, and yet came hack to sell at a preminnl-"efcrs to mannc CANAbiAN BORRoiivERS tions- Yfl. 9V9" under 51'“ m’ m!‘ ties invoivlulr llliv flfgllgfifshemiiuifruiuu in which Canada has come out o! previous periods o! depression. ndvnntlige! than the PWWM- 00n- ot lesser lillpor liii. _

The action of the United King- dom iu departing mom the gold standard resulted in Canadian ex- change moving simultaneously to a cxpcr- substantial discount inthe United nlulii- States. and at the same time that market became practically closed to foreign borrowers. Undoubtedly our borrowings in New York for several ycilrs past had been on too lavish a scnlc, but I think that the unwiil. illgilcss there l0 lcnd money to

of note currenci-

“mm” m“ always minted than“ The bnilrt-r ul’ France like that of

591Ve5- ‘naked at m the lame’ the many other coilntries shows a heavy history of our country, as reflected nan.“ ugcpgsltiitiilfl Allliliilllilllllil acting: m illusion i=1 W BM- h» ne- 1».-,,--.".."‘.i'.:.::.r:ii...i..r.:. 1.‘..- been one of continued pmgless and ‘Sea’; "ab" immune again“ irnuu-c,

advancement, alld I have 110N119 i" ii... Pnitctl slim-s tho Fcllt-rnl slightest IWSitHiiOXé islogeiternting nan"; Bunk! reported zolli reserves the views expresse a r

lence — l7rgcs adoption of self-supporting.

The 114th Annual General Meet- CONDITIONS IN EUROPE

mg of the Shareholders oi tfie Bank in Europe all countries arc suf- of Montreal was held in the Board fcrlng severely from the cilccts of Room at the Bank's Headquarters. the trorld depression, unparalleled

policy by

eing 73.3 with the legal reqllirrulclli of 40 her eililt. Tile totnl lnniletury Enid stock of lilc Ullllcil Sinien. including

m "mt-r- uni-pa _‘ .-..--~..-_ -

son to look forward with confidence

Itlllfifllllllflfllllfll Oil illclnollon o! Jtllzlliz. Drum- alike ill its intensity and extent. CLillillIli- 1's as much the result of - t l- and mg e holdings by lllv l"“lll‘T-"| ""50"" v _,_‘,',f""" ,,.,,........-'1 n1ol1ii,Sil' Cllllrlcs (iorilon. G. B. Eu Political unccrtailliies, war and conditions ill the United States as to emmgmg s rouge r Banks nmolluted to $1,.’ 3.000.000. on '_'_‘_,‘,',_“_‘,',,,,,_,,,, -

rospcrous than ever from the con- _ 3i i_ gitioils Whlfih 110W PTBVEU- T0 “hi! ocliitéif-ii gntca on sii clllsllcsbf shr-rt 1 would add that we, as a. people, term inn-ls litilliillledll0 utbilllavvuesl lime additional reason for con- in more iillln a el-nic. u ,

was rcquilsttni ti‘ irilzn the Chair. non-commercial debts, unbalanced

Tile Honorable Thillllas Alicarn, budgets and excessive P.C.. 'd..-" iril'. 1th‘ i i l " - ':' (I Ruwiiiyggfc ii:fi(:Jn(_\Pii_‘g-(“ruggfixigz- in; t‘: illfepzjllréiiqltzsflgciiollcflqiillgilrlZyllitd golpluggsltrntscidlIilciellgglznlnmg: fidcuce i“ iiie fuss that our accu_ in ivliillliitlii rsligpiuio

. - . ~ - - .- , - vcu’ ' - I

P. \\l‘ll!]f_'l'lll(i.\(1."lll: Inlcinclai distress. v United States that our financial muiuwu issuiii-ces are mflmmy ujfui‘ “m?” sii,“ siiii,.u,,.i_ _-l.l.teri i'l net :15 SCHl ‘The position of Germany ls pnr- lwolllsn is a strung enq- Willie this steam ma“ at any like period in uni». i'-\\'l'li'-“|V€ flow or gull] into it... i.» _\i,._ C ii Ciuum ii. ii. _ ilfillaq-ii. fliSIUypiIIQ beeflllsl- of he: collclitlall ill the American market the m“ and that our umieveiopuu United slings, plied on top oi‘ her tariff in; fllnctillg. q-iiis u.“ vast obligations ill the form of lasts. governments alld mlmlcipal- wealth Much Once was so iurgsiy wall, ritliillillrlnfllllanilfiliifia! Iiggsiiiltetsllifltig --1i; short-term credits, the pnymcnt or itics il1 this country will have to a mute‘, 0i. specuiutivu interest I-nBDll-li g __ '5 ADDPuESS which is postponed lmtli the villi of lean on domestic borrowings for ‘ i. iuuiu iiiu lQ-bruzlri’ next under the standstill their needs. The situation gives add-

uneillplnylllcui. . rather ihim g1‘ proven fact, I5 now simuiloil illiiI l-i-lntcil questions llifict known hcyond any doubt whatever ing lluukillg liqlliiliii’ lilivo IIOMI iile ii iiuuuiuis u} cclllt-lgt. Unless sonic l m cd emphasis to the necessity of our to “us u) uu extent nu. surpassing lnost ' ui iiu, sums llwifiigiz‘: Oi rcpariltlillls ls fol licoln- illdluiniastratlii: LllltiilOFlilBSLiIiéIlItillg"the "lost ufuimiiagimi; estimates o; u“, iMi_ lug, 1c suspension of external ixly- lfill‘ OITOWllHS 0 9555" B» 811

disturbing fclliilrn ill ' . . - ave one before us. . isuuu uiui sum“ lllcllts by Germany‘ seems inevitable, keeping their outlays for relief pur- Pmose “h” h g

of uncertainty regarding the future tariffs lire of Czlllndil. The result o! the re-

-: E- 5 :1 5' E

months; suspension oi‘ payment iIi the past .\'e:li-‘lly' ilpproxiilmhiy ilnllks, 80 per ccllt of which

JJUU \\‘ 0T8

(Appiuuse) snluli institutions, ICSIIfIIEiI in hoar-liilg

. , , and the outcome of the c hi» ~ poses at as low a figure as is com- ' 0f nolc vllrrellvr- The llrlllflllwl <1! llw

"Mimuui '\mb“°i‘i“1 arrllllccd to discuss rvpnrrtiollrstallllfltlls patlblc with tllc strict requirements MT}? (Taimggiggenuscggizjs 323“ Nullomll Credit "llrllllfllliflltl will bille-

-l\‘ 1L1 ' ll‘ -, , , ‘ . _ r. ac son l‘ -. ‘ signed by the (‘ovornmcll to up

illin: piuuu fi-tiimffr? Fljlolc-tfrm ltldcbtednrss or m? P603510“; fie sucicesses of the era] Manager, to read Ule- address rellevi- tllc situation, null the nil-

iuuu isuiinsm oi is -\i b. iluaitcd with atlxlety. Dillllillllfill Gfllfllllllellls llfliilflrlfil oi, the Joins Gciicrai Managers, nounci-nu-ilr of tile llIlifl had n bcncih-

.. -, _ ' ., , The most Xlwlllélltfllls event Q [he Service Loan has been a splendid . . , liii ciri-rr. bclll ct-oilolnicuiiy anli psy- CliolJillil Ul i l \l i ' ~ I ’ h follovis

ii , ‘,3 ‘_ " "‘°' ‘.‘“‘"“ m‘ _\'l‘lll‘ unis the forced llilalldolllnalt testimony. to the patriotism and ‘mm “ms as ' . , °1'°1°'-'"‘""»"- n l“ "1"" "W13" bl’ "l9

1a Owilliltsenlolillllic (iiiililllsitlts which. us. Gm“ Buiuiu u; the gold it... confidence of thc Canadian People Till-l Gl-JXIIRAIL! gLAhAGEItS fstllblilslllllelltt bot kn systelin ‘oil’ home

lave cc ii us‘ 1H5 ilrlll; ill.‘ (iurd ‘ l i ‘ - . Allll i 5- -' onn u scliull nu s to re eve n some

on September 215g, The I would like to warn provincial and

year, and from which bllillzillg has certainly not been free, this result, I venture 1.0 think, is il nlilttcr for crlllgrattilzliicll. The bonus of i.‘ per ililiii for SJPVPFHI years past, 1 kLtUr-"l haw ilccnlcd it advis- oullJ, baIll-l

l

. I’ eslrlcut 11ml Go1ltlcincn.—

measure file llllslltll-lfllctnry condition till I i!

n1‘ .\|l'. ling null myself th prevails in respect to renl estate

[lililllli sterling has been for so long llllllllfilllll fllllhoTiliPs. hflWBl/el‘. 110i i l '-... i. . . -. , '1 _ I . -. m... o lrvscllt. 0 you o lls. the ulluusaily XPLUgilMCd lllLLilLllll i1 lllllf! 500M501?‘ liurtillliiyvieliiu ilmpniisn" blunting"! “Ind musicals“! he Inmmmry use iii i.‘ ciiditiii-e wide nnnlillilIul.l-1i-i-$llc<-tof tlic lhlllk. ‘I110 which the wnrlll is suffering rclicted ‘p ‘ . r flilluivllll: lire ill" llriilvllllli -.'hlllli!@§I-—— most 8ei'(‘l'vI,\' (Ill London, illltI riot- SL‘ 0f Ullfilllploymelli» T9119!‘ our ‘lmtnl Asst-is llnw nluouilt t0 withstanding support rendered by Arn- ilroiiuccd universal d;5g_rgl,i_-iiziiii0ii_ nulsi cnll for corresponding appeals 5711541004100 . iris! §§27J0Itn00 a your ericnil fllJtI French credits for $250,- Cflllllllrlve requires a slrllldcrrl of f""*'°““5 “"“"“ migmm” berm)“ ll a ?l-Illl$;‘li_hi9iKIO'3?ot‘fl8h call gtofioognfigga flfioooslggljéeifilreatthnrltuilg .. ,» _ ',, .;> ili‘( ssisci . e o ‘fmm and a mLdmm or ('\‘31l1\ll€"- Cmnm" ‘W11 any 5mm readiness as 1111311, IHIilII lmiallccs anll lcmlily re- stnlldnrll 0n the 21st Sr-pteluhcr; g lhnt standard must be 21s inflexible m5 I'M kw“ 511ml“ 111a $(‘\"lil'|Iii"3r llKKPPi-"lill 3117-000.- n. nlcasurc ns a yard-st’ or 581i nt- HIIlVPTSUI acceptance of

ll ille

rlisoqililihrinln from

Wealth » »

is in Lzfé Insurance a

llniilrlllly

r 1 i 1' with Great Britain, illI(I cs s m“ n y

' _\ of nlnilltlliillng a strung position, it in our hope silliurililnliilg l-ri-llr lo liqlllllllx. Btilblliziltiilll oi! tho pound been ilulply juslilicil nvcr the course sterling may not be ion of rs. especially during [IDFILHIH o! lllilkiflil available again to

prohibitcd the export of \ under license and has

~- (‘LSSiLIII HIGH.‘

gums Not by ‘viii-m ui. uccidcut ii iii-aciiC-ii aid to some of iipyifiiinii, he valuable financial machinery in ill 0111' Inst rlpulx, ll“i goid become the siuuéurd Oi [iii- ii _-iiii~(.5 iiumeetiiig debt Obii_ IlflfiPfttl-‘i-ill nctunl cash total 6.1.003.- Lonrlon which hlls made that mnriict illiiuial 1. "i iiu» l" vuiue mucus suiiized uiiious, but grit-ops in New Yolk. Purchase of ‘.‘.",‘.'.§.,.'Z;i'.'s“fl-flflihifiififiiwf? fir? fi-‘Isf-ewinen‘ u a "MM ‘“°"°"“Y "I" " by the process of iBXDEFICXlCC and 111i told nliucd in Canada is also Piilii (‘ilrrililelri iitlrl notes illlll (‘ilefllliii

iiuiiivii, iii iumiu For tile greater pnrt of the your low

the elimination of other standards bclirg made by the Dominion Gov-

i [hr-r ll-ll the pnrvi-lliuuil is lllfifl. _ I ' ‘ ‘if zlliilil-igll us rc- tried through the CClhLlFIE$ and (‘FllPlPFi from which source it is UH)" 1M1": -“ ~""7-"“°",;"i" "mi" ‘Tm’ 11:33:; Ilfllliiieyrtsltilllglegliglvlll L'}°l-'.‘.Z'1'§.‘.'.'i - OUR Investment In Llfe Insurance i. e. l; i ;-- - - l ,, , , I ' ' ‘ s Jlliullii. ‘lisc n ‘lln- ‘ ‘ liiuj luv!“ ‘illuilllli-llly’ ill. ati- iiglliildsssitnltlillélg I I am com-mcgd not lgli-iuoiulblg $60,000,000 will next ;,,.,i".....'.'.. ‘$.\‘_liIil0,il0il.‘ Uillers ill'6 En‘: gifeiffioé"; °getiguitmufitfs Wilma guarded by 888618 totalling 0f JOIIIII * . - ~ rl" sen run n will will ililck to Y"? l‘ ("We - ii1l\\'li $ii‘.‘.liilil,0ilil. I11 pal-t rl-lilllcwllcnt us, mu uu in, i u. u, u" u 1 w.’ tofu. I i I astciblllzeri gold standard. to ivhich Tjilesfiv/Jlslllllflwfl large foreign obli- 5.: lilo iIiHIIiWHXSFs“ illmvtliiilifnLgllnusgfiflsfi uiui siiii swap; 1:17.111 ‘llnsolieyfilil 315102-73“ v - assets which form six pgf ggng, of Candle. rulolht .1 c cnd the policies of hel Goverllnwnt cations ale factors which will tend l" N“ 3' k ° per cent. Discount rntes have fol-

lll IUCQlIE to prevent an early return of our gffgfsmfnrfiti mfgfuj};‘fiiififfjfigmflflf dollar to par, but this ls not an ’ ' 1}»

_ i lncliilliclv rciilizrill . uimllxed cvll as the discount on the Hlilik li-il-niccs .<_:,000,00o are lower

and the cilorts of her people are be.

total wealth.

ntiolt- Canadian dollar restricts imports. by ll-‘lollll-"Oll- that Ill IIE! hn r ti n n Such securit is an im ortant reason wh Life n12 mcnsul-cs to balance llcr biltiglgct That the Canadian dollar will rc- r iliffgifég‘"ii,‘i’zil“"fifi_?fiuffoifiilsimnglifi,‘ except iah-‘llt Bsiocuk ugfrhonnlfire ntzlllllllgncf y , p y _ , ivlmt 1's of grog]; 5ignjflgiii~iggi turn to par Illave no doubt, just {K0 ljiu-rpagg $:,-,*,i|ill|,'i1i10,' bung almost “m; f:."i';°.s!""'l°id m, " "m" ""5" Insurance I185 always pflld 0116 hlllldfOd 0011i’! on {I10 Ll-n- ill electing a National Govcrnnlcllt f" " ago, (‘IIIIPIJLV ill dllnnlninn nlui Provincial gélriuiuuiiv‘;m'$,ui:is“1m:; tifgiugYgilégl , , , i w, Willi c. vast majority firmed with n no one time reached 19 per floycrlllnclll rccurillcs; Itcstricilnlla “with n... (‘Xpflrllflnli dollar. No matter what other securities have declined, I Ihiillliliic to enforce m.- .m-,q_,~ui~._,- cent, clisrippcrircrl and gave place "Pmml lfmlss}:Ifjinllflfugfwméifgg l»: cnpltlli from Great llruliln relnnln _ . . . i, u umssasy u, restore uu cwuumu u, m, nciuai premium m, Canadian y), "Mo" g" imimiig" 0,*s,_000|od0_ n ‘ggrrflrse u" i m h d f h Life Insurance has never depreciated in value ; cim- Stability of the country. fuucls in the New York market. ‘Under this Illllliiillg (‘Mile navilnccu to amt mu.‘ in “Piucheoifsf gwscgrso‘; 111, by the Iii considering the iiuture of Film?" 01'" flllffldl’ “Tlrklllg t0 U115 l""“l‘"‘°l"‘ ‘>5 l"‘“‘“"'-" Pmducm t" '

. AKIXII (:11 Gffiilt Britain, one llillsl. lilkl.‘ lillo "'15. In iii,“ iii-viva months to lliillliifllflllffll‘! ullii to cllstoulers eilgng- n:

nor caused any loss to policyholders.

illliI cnpltni on il

. _ . . .. d ill nil itrzlllcllea of commerce. ‘ Qllgiijfg account the lnzllly chilicultlcs oi ler "Oth lest _vear thorn was c‘. _ _ _, ii, u t scale without precedent ill llllllflfy- , ‘p, the social and economical character ivliil "scullillnvlcc in the foreiiln alloilEgrcfisomoflogiihillfllilfzailifa c ‘ffiifiodiifgufiggl Llfe 11191731199 can do mu” mo" than Protect your i111 (in; m“- which successive post-war Goverll- ' Canada of $100,000,000, Bunk Prcullsl-s lire shown lit m4,- " ‘ ‘ " '

by reckless post-war financing tn stim- lnte prosperity. which rtlbulicil illc world over burdensome taxation.

lllcllts have already dealt -- such

_ ihc tlvclvc months this question as wages, soclalistic tell-

500.000, the slime figure us ill 1030. ptcmber 30th the adverse ‘I

. clltioll was made inst yenr of pre-

It can pay for the

w. ii... piir_ loved ones when you are gone.

, '. 1 . r t ti t - ~l - - "w" (iCllClCS and ullt-nlployillent. It w .1 vxzls reduced , to S35.000.000, giliiia-n I|iIillI""i"‘;I,fliI:\'. §»‘i.'i§l."'l°.wl'ir§l 523:"? igfifigdizfie-figitfiliflcngzg f"! education of your children ' ' Provlde a call‘ renew. ' ilppenr that the country ha nu improvcnlcnt -of $65,- "llrnviuu on of llllfllllcaa dllrlnl: llclllo- rsiiiii,’ ‘i- i i ii ‘iiii i i_ . - ' - - ' . nbillldoilcd the gold standard zl it is a notable fact that 1PM" ("fumc "T, qfir'fifif,i:"'c‘,ii_if°z‘ij"érxi; films, Infill; :€cw9hic’i‘ln;'etp‘relll(li‘ll1 {liable for emergencies ' ' make possible Independence when _. adopted a normal scale of wuglw. 1:; n months to Octobcr 3ist ,,',‘,'.'.'. ‘in iii?‘ Qfiuuisisii iuiii ‘ufiiu. no“, “MYQ-d- - . _ .‘ - i .1 in la. v i now in a position to compete on :1 lust. thm-c was each month rm cx- llliilillilu. while mil-k on the remainder uulmlgwhllg- if? "l" lull"? lllltnflf you retlre. _ . ("zllilii sonar-r lutuy 5m- i more than favorable basis wllll l"‘“i1‘.f(if‘il1i‘_§ii(3 i-xpnrts over im- is prol-ccrilni: sntisfnclitirllv. l I m-gnnijeiilnsiiitea iegcimlifllhdyb: Thjnii ' ' ' i-pm. iiii i i _ ,-___ i~ i‘ in _ -i~ i 1 t i I H iii V __ i , Ill vuluinr: our asses nmpe prov s- ' , , » i ' " ~ ;;:.<.<.;.; :31; szsrs $:::r.*::.l.:§isizsizrs. arcs: $2.222; u.» i“, ."$5.2”ilzfiJfiffliriiiihifififl it in oi one Mlvanwsefl my l» you» with lib-ob» . . .1, - -- f- ~ _ *- " * inuliilliicts nili eprcen one se- h i. tutu i h‘h‘* ' y’ . . . Relatively, France has withstood Plhlmli m. cilrlilrsl °“'°'°' " "9 "u" "5 M" "t "" t ' the r/Orld 1161110551011 Wlth 195s S011- IAIPYRIAL CONI-‘ERENCE fgluliifn‘, 0'53" “i"-*utisfn"ulglilifig "'""l""ili'-'°“ 21%??? firlriiwpcilbiligiirliligniilfie 01,1513} I‘liff‘ll‘l. safety and Carmina“ Ducal. your need! with ‘ Li‘. i - ~ - -- » l‘ ~ , _ n .;' , lllil '. s, rcspcc vc- . Y f“1iliilsdggililtéllgfgilgofigzwgis"; _ Tue i-l~l.illi__oi_incl-teen: election n. " _ i s ' lfiltililufiriihmemmy °' “"*"°“° °""'"“°“ Insurance Representative now - - tomorrow you uow suiiuiuu, from its efiecuu ill client Llltaln bllllgs once more Wjljfl-“ll! "i"! ~_', "-‘3°°-"°9- ll decflfll" The nmmgimi "i, on], b, iiggi-imiu , i ~ a - ~= i0 iii [oi-c ii .i . ni‘ $.i...iii10.i)0il. Snnugs Deposits arc up M i, b "In ble _ , .. ..> oi will [nude and industry ha“? VBUJIY iiiiisioii of lcinciillgféfriiJifii thgrsféie‘ Mrmoitilnn; llnlnlililm nnrl Provlnelnl mol-eyfgggifliliuwgivilli-Idler;5 may e u aura I l ' f i‘- lrl‘ roru- imckmcd’ mull” tram” this yw." through the medium of preferential ‘(lilfilvirliflivnillletllllriilfgnrylgnflifig: liliiudivn ilsgge: debt" 1'"'lvm""“' “h” “"'“'°°'"t° m” » Iv“ » ti‘ <1 crm- l‘"'"‘5 bu“ “Eghgnfle mrmmmd Mt“ til-ills 'i'l1i_~; ins been entru 't d t ill-Knoll (if WRRDIIOOIPIO. ‘n illlbiliiinillll need ‘or ncmwm” i" ‘he!’ °“'“ °“"‘"' ' l‘ '5 n‘ iilliillli roam“ 3.03:3» and unenlploylnenti iii‘ Iuipciuiui Egonuusic Coni-scsciucg pill-lion oi‘ yi-"h-icll occurred in blcxico flitirtregrglnélsiuaresgugvmgi,t: m,‘ Hm M f, control n t cntir- ‘mugh small‘ is immemlmg‘ E to meet next summer under more his“. rilislllit (lifi-ilnisiipsi? comnmm“ “"1 KIIHIOIIO ilIlII ciicoilrillzgnpnuiwicpnoiiiing ' ' "' \,. _ ' ~ P‘ ' "' ' " __.. s _ ill"‘.lll .r,' in’. ,_ zjrelnfiug uwllmucéiiiiiérrligsiu QQNUI-l-ION5STQfrEéAL UN“ l" iigliltlmycglilatrhgus; iobuivliugaiifigigsiiliniifilgs iuli-‘ozcrrileclrszggg ‘iltlmlirgfilfill ti"??? Clggoxi-Ilsgleillrillfiiltnllc; I l 6 ‘ L’ lPlU!“ competition In the Ulgited Stave? ab‘? 3am“ mm is scope for extension of Empire Q?" "l “"°’“l‘}{’i-"'i""l‘t 1°!‘ flail" °l"il"l- itlgylixaliiieilvsliicghfiileblil: etxpgiigintlliga ' ’ v '- l ,_ i ~;_ s- 1- n . l‘1‘l‘S\'flI‘_V w ii av s 4 ‘e c , " ' ~ -> '~ u“. i Sliiigilulglallsstrsiilllltonisicng aslilfusuélclf€gf tmuu of ‘us Mai imports of "WW "m" n" ‘t Irkvillllm ‘loI-umnmlrihu notegsolcsegj 3:? “henlthc One o] curses of messages sponsored by . i. COX-levied and d-ctermilicd cums m Czlliatla. last ilscail- ycilgouly; 22 per iilllliiiflflflsf ill-iiiisiiilrhf 1111i» ini-rIl-lliinil. us "ism, i}, this couuuyp ma’; fflismi; Ill/e lmumm” comPame" i m.“ M _ . V_ _ cell was (uxlwrl rem 11.151 couil- 1-" "m" " " "l" l‘ "PW" "ll- P" now in sight. A llnit must bu villi-ii *' iii. .,_,,idi.ii_ iii usu correct dOmCStlC Cmlllikiulle some iricsiunsi 0i Lotui exports i655 than i1 more nliolcsillllr- respect for illc . v- m muuuiiuu exissnuisurel_indeml- h“ a '51‘ . .. ~ u. , _‘ 5i iis of jmprgyement ai-g 110w “51- , . u" lilacs Account lllllllt is inspired. b ‘i i; H1734milinffl"“inmll-Znilqdiirfg 111i 1.. the 01051115. months of me 30$? fir"; L? 1T5? rt??? iififitliiisa ni“‘.'.l."i2l..".‘li éiillillini?” “"°°°" 053331573- ‘iliimifp°iiifillFiifiiléii! 1- ‘ r ~ ~ < . . i . - .-' “lull and Przlciicnllv uucolitroli. Ye“- Pemaps the mm“ [amiable Inlpcrial Economic Conference will I"“'"" l"? sllnwlu nt 35.380000. as sleigh-CE! ‘ZTfiViY-nifié‘? uncggigixtllggiit m“ '5 i '1 tru 1 deijelolllllelll h“ P"? a S“¥I"_m“}‘ come such tariff ndjllstlnents as will ‘"i"'§‘_lj"'_"' “"1" 5*‘- "l""° 1"" WY"- Tb" r is crlenniil that in emu“... ..-.~ . i . . m... o..." n... of the British anddlurollenn affairs "to give the officers and assures» , ~ " “Imus; the bfglxlilgggziifiifgtigltiuli‘: promote commerce bc-twccil lncmti- "if; Qifiiuflii mrllqnvllr "if" zgil-Jiilllhl iirnii-i l: llfssilnbfrom costly ._-\- iipniuignifir lni-lnhera of iile Bunk.“ i m f m Pei-mice m handflng mo}; ship Q 1 0 con cnce ill _ e It i 01.5 oi the Cumiuouwcuiiis and so s, __ii" I H i _ I ' s lllll 8 l1 llw cell lllildli clsc- it ‘i i i iii‘, 1 nuvc The Exccu rc ‘ilmlu 0e n l‘ s n1 rcrommcnd Inca trade‘ The ‘mule sltuatmu- 110"" s lWtIlCll the structure of the Bri~ flrnilillll-“lrllllllrllcllcrbalcs III ‘ififillliltlfiliiiévhlilfidfifrgg: (tililifikurnlhlolrc gltsghzlfiiltytfl fiurcfiqllra! {Initial In lilim ginntélllillfIlllz rfivllliiliiiiltithll igmgeisrthl}? l)!‘ extendgd cruises’ to perm“ u” ' ‘ ~ ~ ' . ' - - . i‘ . . ~. - . _ ‘ - ' ll ‘. . . - .r ‘ v . n-‘l- ~ - - - .' . I01‘ guidance oi the a" ‘first? “lgcégrgfnglizcullfuj: tish Empire. "uiiliilililiii-‘Iujllimililv cnrilrilllli] ‘town: m‘ dllrcutloil oi‘ renilcriilz iii lllilll) ll! not? is“'i‘§“u;“zs‘"i‘iig-ii ‘fuff, i1‘,[i'9“j‘{ff,,§,°.§§fl..i. Drummond, lliilir-crnrrrl’ The Hcll- ships stationed on the east andIllt xiii _ ifiltzliflflligfi 1:111 dealing with this dciplincues éongmss Wiu be Causéi WHAT OF‘ THE FUTURE? hlihvnhnnir-nnll r. lIrnm-llvfi, iliili PIYWPII :12 "'5" fisfflinfi“§,“;£},‘;g"°‘§,,'°L§,',§,‘}};i§;f" our stuff ls rcceivinr: under ‘capable gliflgsl“ u? €éuu‘;“§‘{“é“' C'“'G"' “"4 gout; to m“; m4 933d“ ggm- i m1 .01", w. l, t ' - -~, _ . .. r . . » \' ‘ i . fl ‘ '| . - . -_. | q h on- - - - l - - ,, > lwlllicst. Illfihfll‘xirIlfisltfilll-Igpi} ll1l0n to deal with two illaior liiics’ i-ix-ylhlvlai-t.l.1c ‘mum? .7719"? l5 a in |:!lu\’\l' Ifirliifiil? ‘IFFFXLIP-‘R-l‘Iaiitilwvlfiillrlriil w".'“°l‘°' m‘ m“ I'm“ i“ m“ ""‘"“'“' {iiiféfih lyylinixiiyju rInilnHiZ-lficlclilrye.‘ (cllil- 91'» 15 911151‘ V! 11131115513 “I333”! I‘ umuc “Hum 1tAA I t u‘ . . nuns’ namely, the excess oi. uuusiu i. 5., 0.: .,..\.. uhoso iluullctioll I |'lli'.‘lI ilislrlcis in mmiiu. “radium”: ‘jlfilttcdlifv in an agricultural coulllry, puns“) ~ s nd can i n m tu m, _ .. u i, "f ' f.“ " i 1L . diiuics ovsi. revenue, and iiiisiii. llltcnd to lulloiv - “Ncvcl- ilroilliesy in the w ' mints iii iurcslllt of illl- "fifuhiiifiiiia ie."cu"-r"g”i’ig i” k',""" “m REPORT ADOPTED WIIItCY Program a e5 o e y“ ma“ P lnlulirinbuuis-"iiun ‘llnqrffiiillnno p . uioyuuui, Nu iuouosuis have y... unless you mow." Certain fUflLllfCl; ‘ s ml iii» signrwl n: tr.'l\'r*i. Limfiii,‘ iu.‘§,,‘i_i’“i.,i‘.-'.'...‘ m '“'°“‘°“ m‘ Th0 Cllnirmiiil n..." ,,,,,..,_..(i, “is; Canadian Flotilla inn Navy. and also to zlve an w- " - -‘.. in I s c ,lf"ff‘- ‘ " . ' - i. . . v-ulLrwulc-ll ,v i- - ‘, , ' '. , - i. . ll ' 7m" Mr the mture “'°11'h91;i3 0f been put forward as to how a badly glffillzilgill) tgnpoglPhcngllcivlidshflyszgl‘n2: “flinch hunks iu llnmletssgtvhylithd ‘uflullmm I. Lummu‘ mah-‘MJY- “Imam! by ML ' R nrumlnoi‘ I Panunny 193' the Canadian dell!!!-