JANUARY ~14, 1941 l Specials 0n Permanents i Toke advantage NOW of our special prices on Par- manents. ~ Formerly $7.00—-NOW .............. $5.00 i‘ Formerly $5.00—NOW $3.50 0 6 Satisfaction Guaranteed by ExperiancedOperators t ‘i i Empress Beauty Salon i Deslrisay Bldg _ Queen St. liacootoeeeaooacooco-eoicavwisooisexioe ,';.__--- ——— CUNA Mutual l1 GORDON SMITH , Canadian Manager _ Credit Union National Association i and Insurance Society will address a meeting of all Credit Union members and others interested in the Credit Union Meverneat . Iloly Redeemer Hall WEDNESDAY Al‘ one an. ’remier Jones Discusses P. E. lsland Opportunities ‘" "if we do not conolin ourselves with more than our personal bua- illcss, there will soon not be any more personal business to attend to.“ Premier J. Walter Jones told members of the tflvariottetown Ro- tary Club in an address at the Clubs weekly luncheon yesterday. Streaking on development oppor- tunities in Prince Edward Island, the Frontier said he was voicing his personal opinions only and not discussing government policy. lt wars important. ho emphasized, to realize that Canada is not only a nation but has world-wide inter- ests. Everyone engaged in private businrss should be prepared to give a good den] of time and uttcntion to public business as well. “Our crying freed in the (lov- criinxczit is to find able!‘ and bet- lrr men for our personnel. partic- ulirly if we are going to get that i--... million dollars to spend." he atlticti, "No citizen has done enough lrrr his community and nation if lic gives this exclusive attention to his personal affairs." _ Sin-n ‘ing of Islilnd industrial Oil- p0"|lllill5€S. he said the important Hui-g was to develop the processlhfl or Island products. The trouble has always been lack of transportation or of big centres for rylofltable murkcls. "If we could get thosc markets we could be flourishlnd. bcciiiuie in the old days when B0011 uric transported by schooners, we fed most of Nova Scotla and New Brunswick." The fisheries industry. ‘.~..~ mid. his prospered during and since ‘ho oval‘. One drawback is that fish- vrillrii are not going far enough to sea. so that the supply is not slcidy. The Provincial Govern- ment is paying its share to lnver-t- iuntc llic herring fishery at the pit-sent time. Two large boats are bcmg equipped for this investiga- Wll. and it ls hoped the fishermen, will be encouraged to stay out for longer periods. "L! they ever need assistance from the Provincial Government we would be glad to ported 23.000000 pounds of pork. 3.000.000 pounds of lamb. and 2.- 500.000 pounds of cheese. Much of the cheese came from Prince Ed- ward Island vie. the Wood Islands ferry. with the result that Island producers by selling direct to the consumer were getting about 2a cents a. pound instead of 20 and 21 cents as would otherwise be the 'casc. In Dimitri’. Nova Scolia. produc- ed only 5.600.000 pounds and had to biting in 20.000000 pounds from other provinces. In eggs they pm- duced 10,000,000 dozen and brought in 5,000,000 more. "Those are the very things that we produce, and if we could reach Nova. Scotia easily. we could feed them." the Premier said. "But if you go by ‘railway. the rates to Nova Scotia are Just about as high i; you loaded in Ontario and ship- ped it down. The only way you can reach mlrkets in large centre; is by truck. It was due to that fact that. ism. of us pushed hard to get that Wood Islands ferry established .for truck traffic. In six or seven months lost year. they handled nearly 5,000 trucks and that was ‘not one-tenth the number~lhey ‘could have handled if they had ‘more ferry accommodation.” Halifax. the Premier pointed out. is only l50 miles from here and Sydney u. little over 200 miles, ~_ both short runs by truck. "I think that should be one of the main ob- jectives of this Province, to get’ trucks across into Nova Scotia par- ticularly." "Our dairy farmers have suffered because we are producing only but- ter and cheese." he continued. "Our market for milk docs not amount. to much. We cannot reach other, markets. and it makes mils very cheap here; even with the 10st} price increase in Charlottetown. it remain; the cheapest in all Can-' ads. 1t seems to mc that our farm- ers would keep more cattle if they had a stable market for their milk." He went on to cite the progress l I course. our lack of tranoportation ' End. absence of large central mar- eta." GEIITIIII. Gllliilillll Tish oolarnn la reserved lar new- a! leeal interest. oat advert-Ila: of a news; aatara may be a _ I kat five eenta a ward. atrlctlv lay -_ ‘The Pnehmieé- salw great Dlflsrslblé- ltle in advance. it es in e eveo ment o rut s '_'"_‘_""""'_"‘,_" and vegetables. Inpthis boniwction cuswau‘ ‘or "mo" pm‘ he noted that the bi Ontario fir - .. of Matthews-Wells ilzve decided ind Séggggnurlo“ UH‘ n“ locate in this Province and will start by purchasing cucumbers.‘ 1.1;; g0“- _ _ ‘They will put up huge pickling vats McDQnaId‘5‘ s we third o“ 5' A hers‘. and take the cucumbers lo Ontario in tank cars filled withl 3o QNLY g-ULUWERS, Sizes brine. to be bottled there. later. 2 and 4, u, c1“.- gym The sport he understood. it was their interl- Toggery. ticin to handle fruits. Freezers will _____ be brought here and the fruit; will. INFANTS BUNTINGS, blue and be fast-frozen and taken to Ontario pink. regular $3.50. Sale prlgg in that way. ,$2.29. The Sport Toggery. ! "The contracts they propose lo‘ -—_~* give us will be exactly the same as s —~— lhcy give to Ontario farmers, so PRICES SLASHED onall snow that distance has been wiped out. W115. 1. Z and Il-pieces, sizes 1 to in this case. If they get into this 5- '3"! 5P0?! T088911’. business of taking fruits they will -—-* have some 200 to 500 people em- SLlGHTI-Y 301L150 BLOUSES ploy“! in ‘he Summer “mm bu. clearinfl at one and two dollars at mo important. thing is that in the 5- A- Mwmlflld!» country it will give thousands of _ "’_ purple jobs and more income 0n. ONE. RAUK_ woolen dresses rc- me [ammo duced to 823a. Sizes 2. 4 and 5, The Premier figured that. 600 The 59°" Twgmw‘ acres of cucumbers would be grown for the company's purpose, 'I‘his would mean employment of prob- ably 800 farms, providing a cash revenue of some $200 an awe after . all expenses have been paid. a . Strawberries. he stated, was an- (gm). clggilnlélqal ggxapgch s“: other crop with big possibilities for A McDonaldk " ' profit. 0n hi5 father-in-iaws farm m years gone by. they averaged, spgglplr, rack o; clam about 6 l-z acres of berries and fupu-lmmedl ym1;_p,.1c,; in two Years produced 70.000 boxes. McDonald’; At the rate the Matthews-Wells‘ __...__ company pays—-22 cents a box -—, MR. FREDERICK A. LARGE. this would amouinl to some $15,000. K. C., announces the removal of his It prcvgd a profitable business in law office to the Royal Bank of the old days, even when they re- Canada chambers. I Ontario If!!! IIOIO lvm. rnnusmc A. Large. x.c.. announces the removal of his law office to lihe Royal Bank of Can. ads Chambers. coats. S. A. rnr. cnnacorrrarowwu CUARDIAN llolmans’ Staff Member Resigns To Go To Winnipeg The many friends of Miss Edith Doyle will regret to learn that ill.“ has tendered her resignation as’ Manager of R71‘. Holman Limited.‘ Charlottetown China Department! Miss Doyle leaves next Wednes. day morning for Winnipeg. Mani-l toba. where she has accepted position. ll On Friday evening the Mnn-. ngement and Staff of the Char-l MissI iottetown Store presented DOl/lc with a leather hand-mg and Parker fountain pen. In the ab- sence of Mr. Robert Holman. who is at prcscnl in Montreal. Mr. It. E. Seller cxpressetl the regret of llzc firm over her resignation and also extended best wishes for ov- crv SUCCCSS ln hcl‘ new vcnlllrr‘. at m" bunks Annual Miss Doyle had previously rccoiv- On utlicl‘ lianti he dcclurcd ed u substantial CllCqtlt‘ from llll.‘ tliut lllCl'\‘a5r\(j l,roduciiun and Head Office of the firm in Sum-, \\'l10l~"-hcartcrl (JU~U}'J(‘l‘3llU|l be. llZPrSldl‘. tWccu ffldfltlflfullftlli. and labour Miss Doyle will b" grr-niia- miss-l wuuld .m'°"“‘" “ “lid “"515 T’)? I)!’ ‘livrlll’. llr.‘ also noted ilizil the crl in both the business and soc- ial life of this City. _ I g-eu Memos-inns! MRS. JAS. W. BRYENTON l 'i‘he death occurred at the Provii‘. cial Satatoriurn on lJtECNIl-DQI‘ ‘.1. 1946.. of Mrs. James Brycnton.‘ formerly Caroline May Pierce. She was born ill Brackley on lilartll l5. r1884. tho younger daughter of lire late William Pierce and Jaile R. iSlewart. Slic was a member of the United Church of the Womens hlissicnary The Royal Bank‘ of fianada Annual Meeting Sydney G. Dobson, President, declares increased industrial output, co-operation between management and labour and substantial tax reductions would provide bedrock of future prosperity- , labour and government keep their heads, there l . "If ‘- is no reason why we should not complete our delayed recon- l l version plans this year and prepare to step forward in future." , _ . .umcs_ Muir, General Manager, reports assets of record level for! sixth consecutive year-notes increased financial assistance rendered business and individuals-deposits at $i,963,l03,95l OIS. Wurninu tiizil lavish kuvt-rnment "Xl-lvndliurrjs provide no assurance of good tllncs. nntl that living standards cannot br- l-illgod [tn-Um]. loss production and higher wages. was voiced by Sydney G, Dubsqn, President of The Royal Bunk of llrnsont lovcl of taxation was a dragon business and that sub. siantlai tax reductions would give an ‘incentive i0 individuals and l‘? lllduslfy» Pllfiollrflke expansion and new ventures. encourage fli-optcr Droducllon and lower nrlccs und. illervforv. iii-evil a" fllCl to u llli-lllN‘ standard of liv- ma. CANADA roars ruu. PART Strcssing the increasingly lm. portant, role of Canada in world affairs, Mr. Dobson said: “Canada is playing tier full pnrt in thr- peacc organizations and scrvvd on nine international bodir-s. Slic was the second largest contributor o.’ food and the third largest con- tributor of monev to UNRRA. Sho ceived only one-quarter of this ice. “You can gmw more bushels of slfaWbErfi€5 on an acre of land tham you can of potatoes, and Bel over seven dollars a bushel for; them." the Premier said. i He went on to clle Wportunltles in growing blackberries, raspber- ries. rcd cur-rants and cranberries. Ho asked business men to consider the fact that with all the money tied up in savings deposits. Island cranberries had to be lent to Rich- ibucto this season to be stored. be- cause there was no D1860 h"! i° put lhcm. Irrigation Possibilities" l-le spoke at some length of the opportunities in turnln! "m9 Q! the Q40 old dam sites of the Prov- ince into properly lrriseted lwd- “Theso sites now are only 800d for fishing, which of course (i005 not amount to anylhml- lhmlflh some people think it. does," he Bald- ‘A-il along the Dunk River rwe could have dams lo irrigate the slopes on either side, and 97°" masniflcwi crops of curt-ants and berries 0f a" lfllidfi." The cost of a pump W‘ mo); g purpose. throwing an e181!!- inch stream of water. was only $210. _ _ At present, he noted. PYBSSU" '5 being brought upon the Fweml Minister of Aaricullure 1° MW" the dyke-lands of Nova. Sootia It I cost of some millions of 5°11!"- n this work goes throfléhi "l" Pmv‘ “we should gel, some considers»- lion. “We should loOk into the ir- ligation prvsflwis WW lh°"°"$h' ly." he said." _ He recalled how farm lands H1 oxford County. Ontario, had i101" up i,“ price after beinfl developed through irrigation. Tobacco. 110W growl] extensively in Ontario, could be 5mm. here just as successfully. "If our streams could be but u? M‘ the land and made use of half l dozen time; before they gel _\° l" ocean, there is tremendous ‘Wealth here. and csneeililly M‘ “w” "t1; gfgyyz; who wanltd to take up sma "‘°.‘§‘,}‘,‘_“'R_.,“_° Emit... president of Northunrberland Ferries Ltd. ex- plained that the Premier was in enm- ln Msumijng that the trouble SPECIAL clearirn; line of Dresses, $3.00. S. A. McDonald's. ATTENTION VETERANS. -- All articles listed for sale at discount prices are available for purchase through the D. V. A.. at sale prices. l You can obtain substantial savings by purchasing this week. Crockett 81 StoreyLtd. CITY POLICE COURT - At the City Police Court yesterday morn- l 1e ing three youths charged with theft were remanded until today. An-l other youth charged with theft‘ (shop-lifting) was released ou‘pro-, blllmi- A “funk w" “Md 3w “d iMacLean Funeral lIomc on Dec. -t.l ices. and wider education, ‘but l Wild v1’ 39 5051- A m!" 031111104 . Rgv, ‘r, E. MecLennan was assist ed; shall speak with using abusive language had his case adjourned until Monday next. I RETURN T0 ANTIGON ll --l Major Albert Wilson of Si. ranris' Xavier University, Antigonlsh. and Miss Frances Wilson. nurse in training at St. Martha's Hospital. stone E. L. Bryenton. ll. B. Saund~ provcmcm 1,, our Antigoni-sh. N. S., have returned toi their respective studies . alter,‘ spending the Christmas season with their parents, Mr. anll Mrs. Society. of Trinity Church, and ae-I has the largest store in the world sisged 1n the Baby Band wm-k o; ‘he, of the basic essential of atomic church for several years. She wasl of s. kind and cheerful nature and will be sadly missed by her many friends. .1 There are left to mourn the loss‘ of a loving mother-one daughtern Alice. Mrsi Eric Wilson. and om son. Wylie, both of Charlottetown: The following sister and brothers; survive: Mrs. A. Bryenton, Brack~ y; Wallace of Winnltfii- andi James A. of California. Her hue-l iband and two brothers. John S. and ilummond predeceased her a num-l, bei- of Years ago. i The funeral was hold lruln the, tn the service by Rev. T. A. Wilson» of Covchead. The hymnsAwere fav- orites, Lead KLr-‘lly Light and Nearer My God to Thee. Interment was in tho family plot in Shcrwoodq where the service was conducted by Rev. T. A. Wilson. The pail bearers were: G. M. Grant, W. A. Livinri- ers. S. L. Hardy and M. C. Stewart.’ The follcwir-Z were ‘he “m”. tributes : ~ Albert Wilson. City. ‘Pillow: . --~-- l The Family. . RELATIVES WANTED-His Wof- : ship Mayor MacDonald has rewwmuh“ ceived the following letter: Dear Sir: I wonder if you could locate my father's brothers or sisters for him. The name is Murphy (Jos- Express‘ |Sprays: eph Edward). His father's name was Daniel Murphy, hi; mother's. nnmc was Ann Belle McNiven. My‘. father has two sisters. one urimedl Jana. the other Edith. when last heard of they were on the old, homestead in or near Charlotte-I town. He also had two bro‘.i1ers,= one Tom last heard from in Syd-| hey- N. S» the other, Bill, was at that time. i918, in the Navy. Now] for the past four years my mother i has been ill and dad has had a lot} of worry and gone down in health; himself, and as he is over sixty I‘ would like to locate his sister or; brothers for him. His parents are. .5°“‘1“et “I Mus. I know. both dead and the sistersi and brotheraup in years. ITUSUHEI you can be of some assistance tol us, I am. Sir. ct‘. Mrs. T, Wtlsnml Armstrong, Ont. | l i World War suffering from pulmon- Mr. and Mrs. E. ii. l-‘osiei- The stuff of Morreii and Company The Staff of Canadian National Sister and FamllY- , Brother Wallace and Family- Brothcr Jim and Family- Stowart. and Fulton Pic-rec Dr. ll. I-I. und Mrs. Pierwt Mr. and Mrs. W. A. liforrell Mr, ar-‘l Mrs. B. M. Seairs Mr. and Mrs. W. A. Livingstone Mr. and MKS. W- C- 011m Rev. T. A. Wilson and 119191!‘ Mr. and Mrs. 3- 55111109“ mi». and Mirs. t... M. Grant _ ‘ My, and hire. L. G. Anderson‘ ‘ Mrs. J. E. Holmes and the Girs Mr. and Mrs. S.‘L. Hardy Mrs. Alice Strickland. _.___--<———-"~‘ Amen‘ nY swwSS IQNDON- One hundred W005 British veterans of thr: sccond do anything we could in the way of made in manufacture of dry milk. will. tlic Wood Islands service was inadequate fgrry accommodation . In Memos-lam! fact establishing a department which It would take Island farmers five lvisht serve their interests." tho years to get into this buetnes. but Premier said. it would be a very profitable one- Blg Next-Door Malls! t Livestock. ho clll}_‘\B5lZ€d. was "u- important industry to the Prov- im- in view of the nature of the flliil. which is a light sandy loam. requiring vast arrlounls of humus. "ii so happens that the finest market for livestock products ls Yiuht at our door. in Nova Scotti! nml Newfoundland." Nova Soolla last. year. hlormed. produced 4.000.000 Bf beef end had to impart 20.000.- "l" pounds more from other prov- liivcs. They pa‘ uced about l0.- oucoo pounds of butter and brolllht in 8.000.000 poimde avore. They lrn- Brlngs FAST relief tram U" I’ Gilda IQ hewas He also instasiced the lwselbtll- tics in developing potato by-prod- ucfs. “I don't think any govern- ment-enforced grading will ever be good enough for the discriminating consumer. and if we select our table potatoes and put them in paper begs. we will get far more culls.‘ Those should be manufactured inlo cattle feed and bv-pioducts like glucose or industrial alwhol. I havol heard that one of the llriest banks of Canada la ready to back up that business today, right in this Prov- lrwe. if somebody starts it" In Holland. he said. potato culls. are placed in retorts which cook about. two tons per hour. The silos are filled with potatoes. and mllifid witlr grain this makes excellent hog eed. cash revenue of farmers across Canada was only $852 per firm Last year the average cash rtvenuev was about 01.186 per farm. ihmlshl the figure for Prince Edward land was considerably lees. "One of the objects of our farmers should I be to raise more cash orw! fl-"d get more oaah revenue. ‘The reason f A few years ago. he noted. the‘ we have m been some Ihwfi- ll- 0f AarnoUalonMmeu' ldr-J. Tweedy, K.C., wishes. td announce that Mr. Frederica}, l-er|e,.if.C.,V will take over his lav! new in his former office Ienlt or cofiao can»... n. money-i i». 1m”, wuld hang“; a great deal more truck traffic. but for the the Britons, all from require labels sold at ll. 0d- W" '°"'-' Th‘ °"|'“""l°" ""' she would not. want the ones aha lov ea for the three German zones innr we (o, h“. ma“; December and more than e000 for , vafu. not any that she is dead, Alllffifl- For she la lust away- t . l 3'88‘ gate! IIIO Nflt greater an MPI- Flomlce Jessie Henderson I that the pier had ""0 “m w“: the idea that this traffic lvlflfll _ new; amount. to anything. The Jessie Henderson, beloved wifo of; difficuliy today i5 that we have Lester E. Henderson. 727 North 08th: not n mad to cam, me freight to . _St., Seattle. Washington. were hleld {he w“ m, a pm. may, will let it in the Woodland Park Presbytcnanl be move“ pmpefly .0 Nova soq-lChumh by the Rev. Wm. FHUHIEIF} tin.” he said)’ ' vllfikinoiggrlhl. afltillla “at l , ,. . - ~.~ ' GQQSOlElZLlIgYIGfiREEZaJtIIESIIIZS. dgill- Wlorke? hfylngntsalisht the‘ Primary ' .. cass or ~ . °‘“"°“ °' h“. “ddTf ;,‘,Y.,.“,,.’,..“..’." Thepffict-g of Doric Chapter m. 511ml’- Wh° “a 3°“ 60 conduceed the very Funeral services for Florence, impesslve ‘ the 1111mm“ "w"! Wm‘ M,‘ VA service of the Order of the 5w‘, l Ailwflh- a Star. She was aux; active worker in -——‘——’_’_" th Red Cross d ng the war years - BRITQNS MAY SEND FOOD To an‘; also the Parent-Teachers As: J GERMANY soclatltm- She was also a member ‘yo! : —"" . the Hatasu Temple No. l. mus - ' LONDQNi 55"‘ 13”‘ (CFC-how tern of theNllc. I that Brit-one u" Wild "m" °' The high‘ esteem in which she their P11101191! fwd m Germuy‘ was held b shown by the large pro- londoners queue "P d5“? °“""d° fusion of wreaths and beautiful the Covcnt Garden offices of the {lowers sent by her numerous “Save Europe Now" vfllllmfiim“ friends. She was loved by all who! to get the needed labels. ‘know h", Parcels sent to Ilfivm"! “m” . There are left to mourn. her hu-l- a les need labels sold at 4s <00 cents) hand Lester: a daughter. T-ileimflli over and above postage charlfl- (Mrs. Allyn Mathews); two alsterl. while those intended for lrt-‘Mfll Mrs. Marjorie Meeks, Portland. Ore distribution through the Lutheran govt and Mrs. Percy L. Smallwcod. Relief society depot at Hamburl Charlottetown. "She la Just Avie!" weak E000 In the first 1'11""; peoted more than aaoao parcels Away upon a Journey |To a Land that's bright and fair; And though we all will miss her here We know shah haul)! 1h!"- And memories of her will bring eab u t - New comfort ever! day of win-Ina and; IUTNAM‘! M we recall-aha i; not dead ‘N IX heel-r I m I ‘m; For she is lust aweyl! h“ u‘ "";.i.‘.'."§'..“'". reaultlslet i """"""'_“ m u ‘in. Macao... nouercnunnro IIINT in ecoauexmicroa. To clean nil». move the bro-h n - from the bottom m. not. the top dorm.‘ busts hence down; r.“-l we upward motion llfla it off without lancer et streaking. lillitfl Out. lto Pain! IOII O . was killed overseas on January 14-’ ‘ i948. Somewhere back of the: sunset, ' Flare om- loved one will He lives in that land ‘A’ Ill"!!- Above the bright blue sky. ary tuberculosis, are ‘to have slX months ronvalescence ill the SW55 Alps at the expense of tho Swiss people. Through the "Don Suisso - the franks. will he kept nt sanntorin H‘. LP)’- sin and have exp"! (‘RIT- ln Memorials: In loving memory of our rlcar soul’ and brother. Austin Boultcr. who II‘ more die 1t .la only fled nlsht Ilwl‘ ""- , Just aa we and to my w, wfl] o“ you again in the morn- l At thentfawn of that beautiful day- uwnfly Rgmclnbcrtd by ltlothen Dad and Station Vertla and France!- Sllfilll TMMTI) to 14% Sugar Content r.“ Think of It. r "veal " tomato with ran ,~ fruill exceeding 12% Sugar. . Nothln: like it ever be- ‘ (are. Noln ‘he beauty and symmetry of the _ lang racemes of fruit. ' often two feet. in length. Smaller than regular te- nators. but. their superb sweetness and appur- ance malls The Sugar Tomato the lnnst vege- table introduction in > years. Bear: enormous- ‘ l_v and is In a distinct class for dainty dlebaa, malaria. aaucaanlulce. etc. Irresistible. Be first to have ll. Order new. (M lit) nineti- onergy-uraniutn. I bclivvc that OUiZh in numbers the Canadian lleoplo carry small weight in the world. when the account of world well-being comes to be added un it will be found that the weight of Canada's influence was u big factor in whatever success is at- luincd." "I think ldltil. cxpr-rlr-nccs of lllO bust fcw years have brought home to all of us the fact that business and industry exist. to satisfy the needs of people. “There nrr- many wants. such as political and economic sr-curlly, ltlClllllrS for‘ improvement um! ro- laxalion. competent health SCH». _ particularly of the business aspects. I believe that Tlfvflberous business conditions will ~ the bedrock upon which noo- Dlc Will satisfy most of their .l\f=i‘ wants. SUCCESS NOT MADE DREAMS “There have been all sorts of plans laid out by advocates of im~ 4 _ economic af- fairs. but it is becoming clear that many of the old princl. lcs of sound economics will surv vo. and some that llud been abandoned must be returned to. On the whole our Canadian people are sensible and sound. They are entertained bv pictures and stories of Utopia, but they know that success is not made 0i’ dreams. Tllf‘ story of Canada's advancement is one of OF l reach new high point-foreign branches valuable aid fa frad~ | ‘ products iviilch had a gross talus oi $400 irllllion. In other words.‘ tho induslrv multiplied mover than threefold the value to Can-l adn of its DUJD wood cut. In! course of that process. its mills. can- cmploymeni in 40.000 D('r5<|n.'..' unci villlld them $80‘.- mllilon inl mllttrtcn und “urge-s. In addition. ll! summed workers in tllc woods‘ Willi "IllDltWfllPni lllld their wagest amounted i0 $75 million. When you ‘ add tho purchase of rriaterials and‘ slIIJDIIPS. $184 million. you realize ltow important iiie industry is in‘ tho whole economic life o! the nation. “’Il‘l'iat this industry‘ could be; further expanded 1s evident when we consider that the pulpwood skinned out of Canada ln a raw slate in a year would sunplv a’ 1W2“ Driller-making industry. | “Tho lumber industry which in»! cludcs Drfidiletinn of sawu lum-l i ‘Jr-r. shingivs clnrl boards, has been increasinc steadily. As in of the pulp and napcr thr- valilr- of the fort-st lior-n_mu~l_r lficrenscd by Dfpflpss- mg. lll this case almost doubled. NEW Pnonucrs mom W000i "In addition, new horizons are opening up for the use o1 our forest products. such as in the ffiBfllif&Ci_ll.I‘C‘Of plastics and tex- tiles. This field so far has only lust been tappcdpand holds tro_ mcndous possibilities. wo cannot, therefore. afford to waste qr to see carelessly destroyed any pQf- tion our great forest re- sources. “Throughout the responsible fin- ancial press during late months, we have soon articles to the cf- ffl‘! ill!" lot-lav more than over increased industrial output is a necessizy- We need the best co. operation possible between man- sgelment and labor. The high ratt- of productivity which would result would be the onlv effective lnfluviico I know of against lml flatlon." Dealing with the question of taxation. Mr. Dobaon noted that war expenditure was down to 35 Der cent of what it was in the Deak Year. "Yet the government is collecting in this taxation year an amount equal to 24 per cent of the approximate 1946 national in- come compared with 11.05 ner cont in i988. The Finance Min- ister sot his requirements at $2.- 769.000.000 his last budget. compared with ssauooooo: ial DRAG 0s: BUSINESS "Now it doean‘t matter Where that revenue is accumulated by the overnment. or how 1t is tak. en. l e withdrawal of this money constitutes n drag upon business. Substantial reduction in taxes, would give an incentive to lndiv-‘ iduuls and to industry, encourage the case industry cut. has people and resources. and the in- genuity of the people in using the resources. “Roughly 68 oer cent of our population are under 40 yczlrs of~ a Zllint moans that t-hc nnm-‘ bulk of tho people is not yet sol’ in its u-nlzs. but is oi ant ago to demand lflt‘ latvfil. or bet- ter than the latest. in devices. comforts and services of a kinds. ll is n thought to keep every business executive on the alert, because peoples wants rule the mnrkr-t. and dafldr- the profit or uthcrivisc of production. “Given un intelligent approach by business cxecutivrs who are trying in a sincere “TIY in de- velop u hcttci‘ knowlcdllr‘ of what llic ccvnngcrs want. thaw ' rcusun whv Canada (-1: forward to a period of pension. llrulltnblc businm... higher standards of living. _ "I "B"! VQYV much the lrrc- sponsiblo outlook many persons have regarding work and wages. l am one who bcllovcs that the time will (romr- uzuiiv when pos- scsslun of n jnb Qviil be (‘onsidvred L1 an asset, uflcn having n liltlc moncv as a standby will loom larger in people-is minds llinn leisure hours. 'l‘ruc Srrllsfzlflilurl can hc found fllllY vrhcn thr- workci- valui-s muinly t h" work lir~ docs. zmd not liou‘ mllclt hr- is able in compel his (‘illDlFi_\‘I‘l‘ in my, l holjvvn in n high slu-irjl-j nwi o.’ living for cycriiiiio. and liil luistirc, but I am sorrv in sav that i0n mum‘ of nil!‘ nwnlo lrirlnl‘ llllikl‘ lllilll \\‘f\".r‘.< port lilr-ntiflll lvisiirc the fZPPRlCSY ;'l“\.< 0f ilwll‘ llvcs. Thu‘ iviv irm little ultnn- tzon tr» the Pct llml r-vorv uro- dllcer is illFl a f"lll.’\lllll"l‘. w that what thcr aain as larcriurcrs thev r~x*s1:‘\‘r“=‘. Y‘ is \\',".f\ll\‘ Qelso ir- snv 1.1? lcrs ‘Yflfill/"lfln and more mic or worker ran av silrn us of ilwisurrllfi lllSi l" fulsc as In think flint rrrv tur- terial nnd lnborr cows Pilll iu- lil- croased wit-built at lmr-l n corre- Miflndlvir! inn-ens‘- in ti!» cos’ of living." FOREST \VEAI.TH _ ' Reviewing Canndns fortunate competitive position. Mr. Dobson pointed narilculirrlv to Granada-s 818.000 square nails-s nf product- lvc forest wczlilh und ilrlzcd that active stops bc inkcn in nssllrc its conservation. "Canadians are generally surprised. he said, "when they learn that their nuln and papcr mills tnkr- onlv about 23 nor cant of tho lmnllill forest crop, otllli- fur-l wood takes 3i 110i‘ cent. lilmibci‘ and mlscollnnr-ow‘ products lnko 4i psi‘ ccnl- and Dulpivood exports use nvcl‘ f» ncv cent. "Thcuizh pulp and nnpri- rrozvir-S more employment than an" nth- cr manufacturer‘ and is tin‘ infil- cst single itcm in Czmzidns ox- nori trade. yet flrc. insects mid discase consume 00 ur" cont more wood nnnuallv tiin‘: '7" lhc nuln and paper mills. (‘fur-r countries have succeeded in practically c-llmlnnllir‘: u-ustngo dun to nui- tire. In swodoii. with loss "mu 0 per cent of Canada's fort-s} arcu there urr- more than |\Vl"t‘ as many forest engineers as l‘1 Can- ada. VALUE MULTIPLIEQ "I wish to draw one incl nar- tlcularlv tn your attention. In 1M5 the nuln and nnpri- indus- trv took nulpwood valued at $7.22 expansion and new ventures. en- courage greater production and lower prices. and therefore prove an ald toward a higher standard 0i living. “Some will say tihc govern- ment needs the money for social wclfurc and subsidies and so 0H,: but I would point out that lavislrl government. expenditure has been unsuccessful in creating prosper- ity. "A ‘let the government. d0 it’ attitude will not got us am‘- whcrc. and necessity alone should be tho decisive factor in judging uhctlici- to retain some of the wartime controls and practices. In some cases the manufacture-rs‘ profit has been squeezed bctwecnl rising costs and the price ccilingsi I approve the policy of romovlnfl controls gradually. but as quickly] as goods and services hPCPllln- available. and I am hopeful that world and domestic conditions willl soon permit us to return to a‘ free economy‘. . "This country reached maturity! through its war effort, politically. and If bllslncss. labour and gruvc-rnliieirt kccp their. hands thorn is no reason why wo‘ should not complete our; dclnyi-d recomr-rsion plans this year. rind indust rially. prepare to sir-p fnmvarcl in futW urc." l GENERAL AIANAGERX‘; ADDRESS In prvscnllns lii- bank}. 77th Annual Report. Mr. Muir, GCll- f‘l‘Zll Manager, slated lliul lor lll" s lll COHSFCLlilV illt- iotnl _\' ca! l‘ . ll asst-ls 0i‘ the \\| stood at $2.131 ' or} llf‘\\\l‘l"L'0l'Ll urdS hurl br-on 1st. ~tl lll lll‘lll\" dopartlncnts u.’ tho bank's bus.- ncss. Liquid nsscis totalled 3i.- 609 @166 representing 81.69 neg (‘cnt of the total linbllitlcs tn thr- public. "Tiio Vllllllllv o.‘ czlziiirrr *l‘t; Ill .7 . .- loaris in Czliruclu is ill) by 32!." raid Mr. Muir. "but I1. not give a true llictlirc fol‘ reason flint at NfHPTlllYW‘ 30. i945.‘ a Vlctm-v Loan chmilalgn was in, full string: nnr is iin- lunn total‘ a complex luclox of lhr- financial. assistance which is tar-lira supnliotl‘, hv tho bank to our clients in lii~ir| post-war business nclivilics iii-l clntlui undu- iiri- ha-idinc, ‘Olin-r Bonds, Di‘l)f‘llliii'f‘S nrd Stocks‘ urc mam- ll'lllll0ilh uf ilollars rm:- rescntina l'.‘.r- nitrclrinz=~ ‘or th~ bank of shm-i- to iriid~torn1 hondw rind (l"ll<'l1l\ll‘fS issued by clients] to Fllllblf‘ lhrni tn f‘-'ll'l'y out r\.\:-l mansions and inlprvvcmcnls o.’ ciinilal uuturc. "In addition. Ill" snrullc" t of customer continues to ialto s I stuntial advnntnllt‘ of our fncilitics This is flcflionsirnflul. fni‘ i-xnmralrr. - tho fncl that during the has‘ year wr- havp mndo rr lehi nf~ liPRflV l5G.0’ifl l0l'll‘S of $500 and tinder for personal viurnosr-s. '1 "Our loaning business abroad has also continued to expand n! is lllustrntod l-w a we" divcrsifirdi lncroas“ of $i6.f'-'.‘37‘.5 i1 rom- morclnl loans." RECORD DEPOSITS -’l‘hc General Manager noted limt total deposits had increased by more than new all time 874000.000 to thel high point of Si.- 903.l0fi.96l. The number of de- posits nrc nits in operation con- tinues to nrnr. and as a matter of million. and converted it. into _br 116.000 during the year brlal- p. fact has increased in Canada alone PAGE THREE cheat rndbed ear- iiTdlfifoftlTi pouftlce. This efleetive special pene- tratlns-stimulating action works for hours d night to relieve distress o2 colds while your little one sleeps. Results are so good often by morning most misery of the cold ls VAPORUI relieved. Try if. tonitshtl total iri operation up i0 ‘Th lrft f ii were $9&.244‘€Idc:ter Otrhan ‘fern-yet: preceding tvselvc months’ 017g».- ilonS. “AS you \.“.". have observed from. rho Directors’ port, 1g 1155 bu“ uccldcd lo iransfr-r to the R5- sorvc Fund of lire bank l5. 000 from tho amount at cr I o.’ Profit A: Loss Account. “There will still be left m; substantial sum of $l.46'7,4rl4 to br- rarricd forward. “You will also nniv that g1" Rcscrvv Fund has barn further increased 'Jv the addition to it o! ti: bu“ e n to $40,000,000, o e b!“ w _ "If may be rccnllcd that in the oonrossion period of the mldgl; 30s it was decided to transfer $l5.000.000 from the Reserve Fund to lnnr-r reserves. Time. however. has shown this to have be". ‘q "VH1? conservative precaution, Consequently the entry has 513p lllv been reversed." All) TOI-‘OREIGN TRADERS Discussing the‘ wide network al branches operated by the bu], Mr. Muir referred particularly to the useful role played bv the bank's foreign branches in facfll- tating foreign trade. "The uniqlaa position which we occupy." hp 581d. “as thr- Canadlan bank with the most extensive chain of fog; eign branches, enables us to der exporting and importing ents a banking service which em rqltn be paralleled." . Muir spoke in praise of the loyalty. sbllllw members of the "Your bank is not handiwork of any one man." aald, "nor even of any group of men. On the contrary, s av’ monument to the co-opeain tivo~ effort. of many. each III ‘serving with enterprise and an» thuslasm in his or her partietr lar sphere of duly. "I cannot commend these and women loo highly to nor. as I sec it. can the M4 ment of tho bank render agfefi or servlcc to vou than that. thQ should at all times try to ensue that a staff SUC-ll as I have d crlbcd is fostered, r-ncour a ncl maintained." __ual-r=aiii_ee is Backed by Long . Experience and IN W varied business ln Con‘ 19w .. Z. ‘N We bui" the first Canadian Range Burner and have been moi-rig nil b-sirezs in Curved! for l6 years. l" Approved by Canadian Home IQQQ Journal and Chatelaine. Silent Glow was the first l" Range lvrnar to be approved 1933 By National Research Council; tfuwo. ‘N De lure Models approved by Canadian Standards Asse- 1946 clarion. National‘ Research .lidg., Ottawa. MSIEZ 54.9153 flfflfllm I154!‘ 14v sour KINGS r RITAII. PIICIS (INSYALLIII) SIANIIAID amen warns Hue as tux! raooet $80.00 414 MACDONAID ‘if l Alf. r i'l mil Whliiil