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SYDNYY

A Vigorous And Expanding Structure

(Bank of Montreal Review) Montreal, September 26 — "A

services to the dollar area" as a result of recent sterling ares our- rency devaluations, is forecast by the Bank of Montreal in its Sep- tcmber business review.

The bank points out that the "sudden spate of devaluation. af- ter protracted official resistance to the step, reflects a belated and salutary admission that price is once more a vital factor in deter- mining the volume and direction of international trade."

Despite Sir Stafford Cripps‘ statement that the rate of sterling can always be raised "lf events prove that we have gone down a bit too low", the B of M believes the stage is set for what it terms "a gigantic bargain sale."

"In this regard it - has been pointed out that. mathematically, the very process of marking down to $2.80 a sterling area article which formerly cost the U. S. buy- er $4.03 would mean an equivalent reduction in the sterling areas dollar earnings. In terms of real- ity. however, it would be mislead- ing to conclude that unless the vol- ume of goods moving to U. S. mar- kets ls Increased by an amount more than proportionate to the de- valuation, the great experiment will be futile," the bank ‘stresses. "Other factors, notably the extent to which imports from the dollar area may be reduced and the strong possibility oi shifts in ro- lative prices in the areas affected also enter into the question.”

Devaiuuatlon Poses Serious Problems

Pointing out some steps neces- sary to ensure a larger share of dollar earnings for the sterling area. the bank stresses that "the advantages of devaluation could be quickly dissipated by a recur- rence of the inflationary pr

ot the wage-price spiral, and more slowly but none the less surely de- vitalized by national policies which impede the fullest possible play o! individual incentives.

"lt need hardly be added that this new and realistic effort to bridge the dollar gap requires also a willingness nn this side of the Atlantic to accept the flow goods that must be forthcoming from overseas if a balance is to he restored. The situation In this re- gard presents a challenge to North- American sincerity and under- standing."

Canadian Devaluallon A "Reasonable Compromise"

Turning to the question of the devaluation of the Canadian dollar, the review states that "the Cana- dian action has not been one of re- adjustment of a grossly overvalu- ed currency but rather a deliber- ate attempt to effect a reasonable compromise consistent with the realities oi our own position as a creditor nation vis a vis the sterling area and a debtor in re- spect of current account transac- tions with the United States." The bank suggests that, gener- ally speaking. “the result should be that the contrary balances in our transactions with the two ma- jor currency areas, which cannot be offset under conditions of in- convertibility, should at least be reduced in size.“

Finally. the B of M stresses the “undeniable fact that Canada faces the transitional period with very great underlying advantages in terms of a vigorous and expand-

EDDIIDIIIY D suuomo

gigantic bargain sale of goods andf

CONGRATULATIONS

w: ADVISE use users \ were z aspen mats‘ BRIGHTER“ LASTINO | BETTER user senses l ‘on um o 1 i .

I l.

a

IAL" LAMPS

IIIAIDESCEIIT esl FLUORESCENT

" Ellen's Diary

(Continued from Page 2)

were at the excavating beneath a porch, trusting the beams to carry the weight as tlnued it on a nay when James was missing from the work he being taken up with some chore up at the other term at the time. It was only a natural sequence that nn nged beam parted at a footstep, precipitating a woman of the family without warning to

suits. O O O

The doctor was away from homo that afternoon, und we shall al- ways remember the relief we ex- perienced when finally his car- lights cut a bright swath in the darkness of the lane-way there. and the patient wns presently

But no distressing incident mar- red today, nnd James is well pleased, as Rob must nlso be. with |Yil€ progress of the endeavour. (Two other Wllllilf! itclpers thev have, bachelors trorr. the commun- ity whom, Karolyn chuckles, "it's a pleasure to cook fore-just give a man a spell of his own cook~ ing," she claims, "and there's no complaint about. the food a wu- man sets before him, in spite of this livlng-nlono-nnd-llking-lt!" - - ,"Well, Ellen," James takes off his glasses, "how about bed?" adding

iwith some emphasis, "I‘ve been ‘busy today!" , a s e

i Until tomorrow . - - Diary - - ~ ,Good-night. - - -

sew-Elam w. r.

at the heme oi Mrs. C. S. Dingwell

1308i.

portant new

natural resources."

RY 00008 00. ' MATERIALS

Supplied by '

L. M. PO0LE 8i 00.

- ~ Dealers in EVERYTHING eon suuomo ""1" ""9 "‘°"'°"“"" °' E- "°'"‘ l-uoi-r onaos BUILDING surrues G. Hambiy, who has rnany years "To"! "z experience in handling dry deeds "m"! a",

WE

ALL

IRA

Phone 2570-4

LCOME

EO0IIOMY DRY 00008 00’.

FIXTURES

Built by

L. GAY

lliiLDIll Ann comnacroa 224 Fitarey a. ~

GUARDIAN. CHARLOTTETOWN

they con-

the depths below, with painful re-

glven over to expert care. She d u, m." meaty“! of n" "-,| . . nursed h“ mlseries m. some :2“ Sea?“ a good "m. ‘or we“ H Special . . . . . . . . . . . . . . . . . . .. Special . . . . . . . . . . . . . . .

weeks, and still carries with her. pwlnmmm we also M94 idea“ _ .

grim smuw“ “f h" ““‘““°'Y or future mastic“ =0 “WWI BOYS‘ PARKAS-Ouilted Wool L|nings-Spec|aI .. . . $9.25 bmsh Wm‘ dftm} . along suggestions. The meetlnil

The Sept. meeting or the New Glasgow Wcmens‘ Institute was held

The President in chair opened meet-

ing with the singing of the Island Mm Murray 0"‘ and M155 "WHERE YOUR DOLLAR BUY ORiE" Hymn, and the repeating of the Lyn“!!! Bmwn- 71°81'51""- Mrs- S M - w» cw-d- new» girgg,_sgvg",gog,,;"s,,,yw,.,ggigg m Gr. o». Sr Tvreei Building Phone 2154

Members and one visitor answered Roll Call by harming a Canadian

Minutes o! previous meeting b! M"- Rm’ D1°1ii1°5°i1 and read, approved and signed. Moved. "Tlddles" by MP3 1mm? siev‘ v u: "m °""' A w» Sewn” o; Mr_ JQnel b, gacurad Campbell. Collection 68 cents. Q D a o. . ncent white thanked by the hostess and committee in

to teach the school children vocal lessons. An ice-cream rostlval was planned to help defray expenses

M, m“ project Mamba,‘ w". diction. The minutes o! the last Collection amounted to 80c. Mrs.

w." asked u, my“; c,“ rnmcmown ROAD w.m.s. giftﬂns whea reed and errroved- Bmmtrwn Kent kindly invited Bird! will not fly out ot sight of Salvation Army collectors 1m "E" “W” "l ""1 °“’° villi” "'°"‘°°" W h" "w" 101' the next the around when there is a thick 0y" unm next», mum,‘ D°n.ﬂ°n Prlncetown Road WMB. met at Bilswei" T011 “11- 1'- Wll dﬂﬂid- mttﬂlll- Roll call to be answered tog,

o; 76 cm“ received 1mm one m; ham; a; Mm gym-res pmudn ed that Miss Alice Dollar order by a verse of scripture containing

ing industrial structure. a relative- ly low level oi‘ costs and with im- lishments well under way in the development oi

sensuous 2s, 194.,

"ecoNc>r4v's" GREAT OPENING SALE!

DUE TO OUR GREAT BUYING POWER WE ARE OFFERING YOU FIRST QUALITY MERCHANDISE AT PRICES FAR LOW. ER THAN ANYWHERE ELSE IN TOWN. EVERY ITEM LISTED IS ON SALE EXACTLY AS ADVERTISED.

Open Thursday, Sept. 29

MEN'S PMKAS Heavy QuiiteisWeglslai/ning -— Full Zipper 2 Fur Trimmed ll. sue- _ Ewnomy Mud _ Full Cut-Economy Priced .. . .. I Men's 8 oz. BLUE DENIM Dil OVERAbLS-Big

Roomy Cut-Double Pockets-‘Econornyiiriced . . . . . . . . . -

FLEECE comsmttotts onsss GLOVES

FTFJJ..HSZJZ X1',°?Z.§l'..°§1;.s 3-I 9 ZTZZ.,'L'.Z°.'..L.',"$".§S_ i’??? .. 2.49

MEN'S HEAVY JUMBO COAT SWEATERS-Economy Priced . $3.69 ZZTLZ..Y°F'.~..°.Z""°". .’7.'T’.'T'.‘. 4-50 I $1111.“??? iiiilliTk. .55.‘? 2.29

Canvas Work GLOVES .. 19c I Men's Fancy SOX .. 69c

2.19 | 2.49

Girl Guide News as ' '

Guldess Club

The Club will be holding their first meeting of the season at the home of Mrs. Cudmore, North River Road on Thursday. Oct- Bth, at 6 p.rn. We hope to wel- come Guidors from Central Roy-j alty, Psi-koala. Marshfieid and Southport as well as our Char-I lottetown Leaders and Gulders e0 make a note of the data-and <10 try to attend. The C I of Charlottetown will havmsiilc‘ lsl information regarding the visit o! Mrs, Wlshart, Chief Commis- sloner on Oct. 18th. that I am sure you will want to hear. Mrs. Cudmore, by special request from Marshfield Is going to show ul how to conduct on ideal Guide meeting. Even if we cannot a1- waya attain that 10811 W? W" make s very good effort and will at least, know how. Mrs. Cud- more‘; knowledge of Guiding! needs no telling, and T am surel that it will be made as Interesting. as her talks and demonstrations: always are. We have many 11°91‘, Leaders who will benefit and the elder ones can pretend that 1116i’, are also starting from scratch“ New ideas are wliat Guides 11km! something different for a chanlﬂi

MEN'S DRESS SHIRTS Fancy Striped English Broadcloth

Boy's Heavy Fleece Combinations Boy's Bis Overalls 8 oz. Denim

will be over at eight o'clock if.’ every one can be present on time,| s p.m., Oct. 6th., make that note. supper will be served for a small charge.

Boy's Wool Pullover Sweaters-

Boy's Wool Tweed Longs Zipper Neck

Zipper Fly - Economy Priced .. I ZIF 9

LADIES‘ NYLON HOSE—-45 Gauge-Special . .. . . . . . . . . . 95c LADIES‘ WOOL CARDIGANS — Sizes to 42 . . . . . . . . . . $3.19

GIRLS’ WOOL CARDIGAN SWEATERS . . . . . . . . . . . . . . . $2.39 OTHER LINES IN STOCK AT VERY REASONABLE PRICES

ECONOMY nag,

LADIES‘ - MEN'S AND CHILDREN'S WEAR

The Provincial Executive are] holding a meeting on Saturday.‘ ' October 1st at 3.30 11-m- lt Mra.|

J. G. MacDonald's homo on Fitz-l

roy Street. ‘ .1 are r ' 1-. 1y requested to he present n! the chief discussion will he the forth- coming visit of the Chief Com- missioner Mrs. Wlshart. Please note the change of time.

mousber. |

Mrs. Howard Ling invited rnem-r bers to her home for the Octoberi meeting. Roll Call to be answered with "A Weed I Pulled met-y Tune I Saw It". committee for October- Sick Committee; Mm. Morton [Laﬂkln and Mrs. George Dick- ieson. School—- Mrs. Elbert Hill and Mrs. W. J. Macbcod. Lunch-

coo

with two contests conducted by Miss Anna Stevenson. Reading-

closed by the theme Hymn oi the Dominion Board and the Lord's Prayer in unison and the Bene-

membcrs for card when Wayne was sick. There were eight home calla made and one hospital call.

Closed with the National Anthem charge and n social hour spam, after the committee and hostess

served a delicious lunch. srav cnosn r0 onovso

50 boxes of Christmas cards. Mrs. Frank Crabbe read a letter from Mrs. MacFarlane saying that there will be a central Rally in White.

Trinity Church on Sept. :2. Mrs. The meeting was then closed by Omer Neil thanked members for repeating the Mizpsh Benediction,

WELLWASHED CANUCKS The average Canadian uses we! over 20 pounds of soap a yeer.

the word "Give." Following arc the lunch committee: Mrs. Kent, Mrs. Omer Nell and Mrs. Vincent

for the September meeting. The meeting opened with Hymn No. 55. The program from the Mis- sionary Monthly was then carried out. The Scripture was read by Mrs. Frank Crabbe followed by

. IINIIDIIIIGEIIIEIIT

The ECONOMY DRY GOODS CO. wish to announce the opening of their modern new Ladies‘, Men's and Children's Wear Store, located in the Tvreel Building, I66 Gt. Gee. St. This store will be under the di-

Noah was eoo years old when thl ark was completed,

' CONGRATULATIONS

E00iI0iiIY DllY 00008 D0. MATERIALS

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EDDIIDMY DRY 00008 00. LIGHTING rixrunss g

We extend to all a special invite-- lien to caii and inspect our steels.

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