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THE CHAKLUITETOWN GUARDIAN a ~

Printed, pure Silk FLAT CREPES

l sl-

a floral design design. Per yd.

New

Special price yard

able for

New

plain

Blue

$1.95 Yd

. New printed pure silk ' » .flat crepes, 38 inch col- ors are Green, Brown, Black, Navy Blue, and Spanish Tile, all with

$1.95

Brocaded Satin Rayons. Jib‘ inch Whitcf Pink. Old Rose, Light Green and [light Blue.

"°' 55c New Kumui (Trepes, suit-

iingcrie, etc.' Maise. Aqua Green. Cor-

zl and White. IiS iiich. Per yd.

S a t i n s. lluuye. Pink and Light

$1.25-

$3.00 pair iNew printed Crepe

Yard l New KID GLOVES This i.- u very zittractivre glove in black with a vhitt- trim. the product of one of the finest of the Square Muflier for Ladies $2.00

l “ pull on” Style [European makers A good Christmas I \ MOSTLY BROWNS AND SAND

HAVE YOU TAKEN t ADVANTAGE , 0F

THE CHRISTMAS A MSALE of COATS

THAT WILL m: THE SOLUTION or Yoiln GIFT PROBLEMS

sentlemen." in his sunélay best. “my next line is stamped

“Now, ladies and Said thlfhflwk-Tf. wool and a pleasure wash welll Smart enough fora city tides what;

_v steam_ lauudrics clerk, bheap enough for a bricklayer

l

Government

socks, warranted to serve, wear and draw an m;- feeg The kmq of m-Q ‘ate ‘cos they wear out the machinery."

Canyon Road."

will open the fur buying Monday, December 7th.

Fur Coat. Ltd.

OFFICIALS

Dec. 15th.

Big Discount Sale. Ltd.

Thursday, Friday,

change.

to The

They will appreciate it.

yesterdays report of

tires present. A

well llcad, Rev. D. MacLcan Sin- clair, M. A. Minister.

IIAMITON PASTORAL Charge. The services for Sunday, Dee. 13th are: Appin Road, at 11; Hampton, at 3 and Victoria at 7. Rev. Goo. Ayers, Minister.

SUNDAY SERVICES, New Glas- gow Church of Christ: Morning worship, 10 a. m., evening, 7.30 p. m., also service in'the Cavendish Bap- tist Church at 3 p. m, Wm. G. Quigley, Minister.

A LATE STAYEIt-Shortly before noon yesterday while Mr. S. Albert McDonald was looking out a window oi his residence, 25 Hillsboro Street, he saw" a robin picking up stray bits cf nourishment. Almost the middle of December is quite a late date for robins to be around.

“WEEKLY CARD PARTY-Thurs- day night at the Holy Redeemer Purl-sh Hall the weekly card party was held with a large number in at- tendance. The winners were: La- dies first, Miss Annie Dunn; second, Mrs. John McGuigan; gentlcmcns first, Mr. Jack McDonald; second, Mr. W. Trainor; freeze-out, Miss ' Margaret Dunn.

YESTERDAIPS MARKET — The market was well attended yesterday. Prices are unchanged._ Hay sold for 500.; straw, 40c; oats, 30c. to 35c; turnips, 10c.; potatoes, 20c. to 300.; chickens, 90c. to $1.00; ducks, $1.00; geese, $2.25; butter, 28c. to 300.; eggs, 500.; parsnips, 3 lbs. 10c.; car- rots, 4 lbs. 10c.; beets, 8c. doz.; cel- ery, 10c.; cabbage, 4c. to 10c.; let- tuce, 20c. to 22o: onions, 10 lbs. for 350.; pumpkins, 2c. 1b.; squash, 3e. 1b.; brussels sprouts, 15c.; apples, 23c. to 400.’. cranberries, 3dlbs. for .25c.; beans, 8c. lb. At the fishmar-

to

-'lfiEconomical and . Charming A Gift-

Silver

We Imce a variety

o! articles in Silver‘ that Ina/re Very Dain- ty Gifts. A Suyar and Cream .S'et, Salt and Pepper Shakers, Cake Plate, Flat . Silver, Bon-bon Dishes, Curv-

ket cod sold for 120.; smclts, 120.; eels, 20c.

. INDUCTION SERVICES — The Rev. J. R. Skinner was inducted into the pastoral charge of the , Belfast-Bell River congregations of the United Church of Canada on Wednesday afternoon in the church at Eldon. There was a large con- gregatlon present to welcome their new minister. The service was pm- sldcd ovcrby Rev. D. M. simian- who inducted and preached the sermon. Rev. T. R.‘ Goudge of Mar- ray Harbor addressed both minlst. r-r and people in the abs-ence oi’ Rev. H. Pierce who was u; have ha- (lrcsscd the minister. A lettei. o, congratulations on the happy 543t- tloment of the congregation wfs

read from the Rev. J. M. Maclieod, Charlottetown.

-_____ ARTISTIC ISLAND VIEWS-Is. land scenes in water colors the ar. iistic work oi Miss Helen N. Has.

ing Sets. etc.

, Any one of ‘these is sure to be Irelcomerl.

We u-ill be glad- to show you our variety.

uillcent work as-a memento oi‘ hei-

Wd- We errdisnlay in the crate of the Publicity Bureau, Queen street, and are causing much interest and appreciative comment. Miss Has. zard, who has resided for the past two years in Toronto, Silent [we Wear-vacation at Cavendish last summer and produced some mag.

\'iSlt. AtToronto two of her pic- lures were recently exhibited at the women's Art Club, and received yrurm praise. In her later work,

. CALENDAR RECEIVED from Mmrs. Hughes and Edmonds. “The

MCLUBE AND MACKINNON 598-50“ 10613-1!

NOW Is THE TIME to buy a New Special prices on all Fur ' Coats now in stock. Prowse Bros, 10779-12-10-

CANADIAN NA- TIONAL Fox Breeders will receive fox pelts at Revere Hotel, Tuesday, 10804-12-10-51

THERE ARE WONDERFUL bar- gains in Ladies‘ Cloth Coats at our Prowse Bros, 10779-12-10-31.

TURNIPS.—Louding Turnips in bulk at railway, Charlottetown, on Saturday morn- ing and Monday. Ilcnry Smallwood, Phone 15:11-11 Charlottetown ‘Ex- 10792-12-10-51.

A GIFT FOR CHRISTMAS and all the year round is a. subscription Charlottetown Guardian. Sent it to friends at home or abroad. l! Ruskin said that there is no wealth

SOCIAL SERVICE MEETING-In measure of truth in that observation the Social by that; large Service meeting. the Holy Redeemer brawn, head and hands, these are Church was omitted from the list 1316‘ H0025 of Qrggnngatfgns having mpresenta- most valuable factors in the wealth

“QLLEYFIELILORWELL HEAD came of this country. The earned servicvs‘ The United Church of nwome of Canada in 1929-4 have Calm,“ Dm 20th 11 a_ m “we!” not the figures for 1930—of the to-

field: 3 p. m. Kilmuir; 7 p. m. Or-

GENIRII. GUARDIAN Trade Minister Reviews Phenomenal Progress Of Life Insurance In Canada

tic n.

3i.

or whatever token may be used o

rapid fluctuation.

terms

Ilgdro, inventories and so forth

are the evidences of

what is pc ps the greatest item of an m hi0, and that is human liie.

but life. And ill-Jr.“ is a. very large

man. Brain and

which constitute the of a country. Now, I wish‘ to apply a test here and I will take the in-

tal income, three-quarters were what is termed earned income, sal- ary and wages and fees, the pro- duct of the expenditure of mental and physical energy, and only one- quarter was the return in the way of interest or rentals upon material wealth. This gives in a very strik- ing way the significance and impor- tance of human life as a factor in considering or studying the wealth of a country. Our National Wealth

“New, putting it in a little differ- ent way or reducing it to figures, the national wealth of Canada is

The following interesting and lndacred precincts 0g gum-an“ men formative address was recently as. ilvercd by Hon. H. H. Stevens, Mills ister oi 'I‘:ade and Commerce, before the Canadian Life Ofllcers’ Associa-

“Vllcalih is usually and commonly described in the terms oi dollars- too often so, I imagine. I think one has but to reflect upon what has happened in the last year to realize that if ones Ivc-nlth is entirely in dollars or pounds or francs or marks

chosen, that it is capable oi a. very I am inclined

to think of wealth when I am study- ing or puncturing over any economic our lion in

of material state, land, bricks and icry, equipment oi all rrsozlrces, coal and

real but today I am not going to .~ jnclf V.» a discussion of

t tlzat these play in our life, ier cllrcct my attention and your attcnilon for a fe\v moments to

and offer them optimism 59081186

not be amis. In 1921-4 will give the round figures, the premiums paid were'83 millions, in 1930, 140 millions. Ten years-pretty 200d growth. The payments to policy- holders, 25 millions in 1921 and 90 1' millions in 1930. The distribution of 90 millions of dollars-this is busi- ness in Canada I am speaking o1’, of Canadian insurance companies-Abe distribution in Canada of 90 mil- lions df dollars is a very, very im- portant factor in the national life of this country. And when I make that observation I suppose I might ' profitably spend a. whole hour in analyzing the possible economic ef- fects of this and offer you criticisms or observations of how it might be done but I am leaving that because I have nlready intimated to you that I think life insurance is well governed as for as the laws of the provinces and the Dominion, and is well ‘directed as far the the admin- istration is concerned. The growth of Canadian business, outside of Canada-someone mentioned to me a moment ago that you had these figures this moming, but I merely refer to them: in 1921 it was a1 millions and 1930, 154 millions. That is in premiums. 'I‘hut is a. tremend- ous growth oi Canadian business outside of Canada and there is not any doubt in my mind that at the present time this element of the in- suranee is an important factor in the minimizing of the shrinkage of the value oi our dollar in New York because that business coming into Canada undoubtedly contributes to- wards the maintaining of the value of our dollar. We cannot, oi course. expect the insurance to do it all, but I am goingto refer to some facts in a. moment which also help in the balancing oi this matter.

Reviews Progress "I am not going to burden you

estimated to be 31 billions of dol- lars; that is the material wealth of Canada. The national total income to G billions of dollars. Rent and interest accounts for only a billion and a half of the six, leaving for the produce of human energy-men- tal and physical, as I have already said, 41i- billions of dollars. Now, if you capitalize 41.;- billions‘ of a01- lars you have a capital asset in the form of human life, productive hu- man llic, of 90 billions of dollars. To you who are in the insurance business this ought to be a very significant fact because it is the measure of the insurable field in Canada. In other words, this 90 billions of dollars oi personal wealth, or human value, give the potential maximum of‘ life insurance policies in Canada. The total insurance in Canada is, as you know very well, 6'5 billions of dollars, or only about 7'? of this total to which I have refcrredw No\v, I am not so foolish as to suggest that that total may be achieved or that we should ex- pect to achieve it. but that it is a field open for exploitation by those of the life insurance profes- sion. But suppose half were taken, only halt’ of the field occupied, which would be 45 billions oi dol- lars, that leave you an ample mar- gin for operatiorrin regard to ex- tension of the insurance business of Canada,

Phenomenal Growth

"I would like to give you a few figures in connection with the in- surance business, not but what I imagine you are well acquainted with them but merely for the pur- pose of focusing attention for a moment upon the thoughts I wish to give expression to. The growth of life hisurance in this country is "simply phenomenal; it is pro. foundly interesting and I might say that in the twenty years I have been in Parliament, I have watched

with more figures, other than just to refer to new business. This is very important, to my mind. I will go back thirty years. In 1900 your new business written was 37 rnil- lions; 1910, 88; 1920, 1B7 millions; 1930, 594 millions. That is splendid, I imagine this year, 1931, it will fall behind 1930 but that is nothing to worry about. This is an abnormally bad period the world over. These marks that you have set for your-

insurance men are 51111005811 $0 be the greatest optimists on earth. However, I notice that most of us are open to a little encouragement 1n these days and perhaps it will

will, I think in the next decade be exceeded in proportion to the last. That is Canadian 001110811195 I save you only. Other companies, the figures are these: new business writ- ten in 1900, 30 millions; 1930, 290 millions. The totals by the way, are these: 1900, 67 millions; 1910, 150; 1920, 030 millions; 1980, 88! millions. ‘Phat is foreign compan- lea and Canadian. And insurance in force-J imagine you are well acquainted with the figures-at the present time 616 billions oi dollars compared with 30 years ago, 400 million or less than half a billion dollars. This is tremendous pro- gress, most significant and well worthy of our study.

"Now I wish to draw your atten- tion to this: the total savings. I im- agine from what I have heard from insurance agents, this is a talking point. The total savings last year were $850,000,000; of this amount $220,000,000 was saved through in- vestment in liie insurance or about one quarter of the total savings oi 1211013901316, it is estimated, is repre- sented in liie insurance. Therefore, the vital function, the vital part that liie insurance plays in the savings of the people oi the coun- try imposes upon the life insurance companies and the life insurance agents and salesmen, a very grove responsibility-a very 811W Y9- sponsibility. In my opinion the life insurance companies, the senior oi’- ficers of the life insurance com- panies, the senior oilicers of the life insurance companies, most constant- ly bend their effort/s towards the perfecting, through experience. v! the class of policy that is offered to the public. And I tender you ml’ hearticst commendatlons upon the progress made, in my own exiltifi- ence of the last thirty or thirty- five years, in this line, but I am quite certain that we have not achieved perfection yet and that there is ample room for the senior ofllcers 01' the companies to study still further how liie insurance can be made more serviceable to the people, particularly in the way oi promoting, in a broad general sense, the savings oi the people.

"I conclude now with Just one or two observations: it will be realized that while the world has been pas- sing through a period of hardship and suflerlng, we in Canada at, least can say that conditions might be very much worse. I am putting it, I think, modestly when I say that. You mak go forth seeking new busi- ness confident, with the assurance that there is still an ample field to be occupied; that your chosen call- ing is oi great service to your fellow- men, but above all that it so intim- ately touches the liie interests of so many it is imperative that progres- sive study should be made of all branches of insurance and its exten-

selves during the past few years

serve the people.

Hurrah! Skating Time

Here Again

And Oh Boy What a Wonderful Sheet

At The Forum

Come and E1110)’ a Real Skate on ,a Pair Ferguson Hockey Boots. and C. C,

LIGHTNING HITCH HOCKEY SHOE

Ankle Support adjusted in aSecond without antacid;

nmzanm-mim-n ~~

Dreamer ~ 12.;;_~19§1'="-“'_'

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Where Qualifyj. .C¢iiinis IGING SIIGMI Lantic3Pkgs._ PEAS A GGIIN , _ TOMATOES to... BEANS (Clarks) No.2 .3 it... .2511, PINEAPPLE Sliced 2 Tins JELLO 4Pkgs. BAKING BUTTER

EGGS ' ~ tzge CUDMORE

Service Grocer-s

a Tins

3' Tins

BROS. 4

IWHY.,CARR1 J.

sion limited only by its capacity to '

Santa tllausi .. Headquarters . .

3 SPECIALTIES we are fen- 1" turlng this week (in Book-

CIIRISTMAS CARDS, GREETING CARDS, beautiful CHRISTMAS SEALS, TAGS, TWINES, FANCY PAPERS. 8:41., CALENDARS.

STATIONERY ' IN FANCY noxcs Wonderful values from 20 cents each up to $5.00. Nothing more suitable for a. Xmas Gift.

' BOOKS BOOKS BOOKS thousands of them. THE NEWEST FICTION by popular v Authors. BOOKS for BOYS and GIRLS. Toy and Picture ' Books, also the well known BOYS OWN ANNUAL, GmLs OWN ANNUAL, CHUMS, YOUNG CANADA, CHATTER-

BOX and many others. ~ ' ‘

R R , c0,

q-ZI _

ofi-Ice,‘

of Purdie Skates 4

wa AREAGENTS roa c. c. M. SKATES AND- , OUTFITS, BUY NOW WHILE oun STOCK or srzar '

IS COMPLETE '

C. C. M. SKATES

C. C. M. Nemo Tube, sizes 9 to 12, per pair $2.00

the development of the ethics of life insurance and I wish to take this opportunity of saying this: that in my opinion the life insurance busi. ness, as a. business, has developed from the standpoint oi business eth- ics perhaps to a higher degree oi perfection than any othcrbrunch o: financial or industrial activity in the country. saying that to flatter you person- ally but for this purpose: I think it is largely because of the excellence oi the manner of doing business 1h liie insurance today that accounts for the rapid expansion and for the growing confidence in liie insurance as a. valuable asset for our people. Now, just a few words mud I do not wish to W011’? you with figures, but sometimes when you place figures in juxtaposition, one with another, they give one encouragement give

(Applause).

I am not

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BOOTS, LIGHTNING ' HITCH

I'vIen’s, sizes ti to 11, per pair .............."$2.95 t0$3.50 Ladies, sizes 3 to 7, per pair

. . . . . . . . .....$3,25 Boys sizes 1 to 5, per puh-

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“"_"_-'~———-—-- Youths, Sizes 11 to pair

13, per . . . . . . . . . . . $2.75

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C. (l. M. Cyco Tube, sizes 9 to hi, per pair $2.50 C. C. M. Extra Velvet, Nickel Tube, per pair $5.00 C. C. M. Special Tube . . $7.50

C- C. M. Yukon, sizes 8 to 12,- Iler pair 81.00 C. C. M. Pastime $2.00 C. C. M. Ladies’ Auto . $3.00 C. C. M. Automobile, Model "D." sizes 10 to 12, per pair $5.50