I C.-\l(llll(i.\lill_ i 1 i i z 9 ivttfefi, 17Ja No woman ever had a W’ ' By Julia Foster‘ A few words of export advice would have hell‘! lier complexion worthy of go divine a form. 0U can be spared an un- sightly skin. It's Ell $0 easy. The advice of beauty expcrce is given you here. gpnply, twice a dayhap ly to {he and rliroat a generous the! of Palmolive Soap and warm W116i’. \\/ofk well inro the pores w}, your hands. Then rinse thoroughly with warm water and finish ‘u-irli a cold rinse. Ho! water should never touch your (ice. Alter this, in the morning, _ _ ‘Julia Pu bu limninud you’ make-up. Ar night, if your fir’: $212». “i”?! skin is dry, follow with oil or mflmlolglzlfl] from u . ll I . USSUC‘ 61011111. Flllwdiivg. nun.“ .3. PALMCLIVE KEEP THAT SCHOOLGIRL COMPLEXION www- Three Insertlml .- Fcur Insertions n. x x géAAA x xx. vvYvv Classified Advertisements One Insertion ..........--..,.-..... 10c per llne of 5 words 3b per lino of 5 words Eight Insertions ..............--.... 7o per line of 5 words To Let ~__ I0 RENT-FURNISHED HOUSE. with all modern conveniences, from Mny lst to Sept. lst. Apply Gllllllliilll. 1791-3-31-01. Miscellaneous JOHN ALFRED IiIeDONALD. P110- vincliil Land Surveyor, Herman- vlllc. 1R. ll, Sourls.) 9379-10-15-1 month. STEEL llilNbiliS REBUILT, PRAC- iicaliy Ilillili! as good as ever at iiboui quarter the cost. 00 Roch- ferrl Si. 1093-4-7-21 For Sole 100 FAR 31ft list. FOR SALE. FRI-IE llilgll McCalium, 'I‘ruro. F. S. April 5-01. SUITABLE FOB lining euiiioiises. etc, 1c. per shcci. Guardian oillce. ti FUR SALI-I — OLD PAPERS, 5 cents bundle. Guardian Oflice. 2-4-tf. FOL SALE TO LET, BOARD AND WW," signs on hand at Guardian Office. u, ...___ ADIERICAN IIOTARY THRESIIER and (frusiicr belts; Also rubber irorrs complete for service. All at liricc. Clinton Morrison, Bolt Dcuicr, Fredericton. P. E, I. i 1850-4-5-51. I -~- ~ _ FOR SALE - REGISTERED shoriiiorn Bull. two years old. Also n ll£‘\\'lY freshencd cow. Fred Parkman, East Royalty. 1077-4-6-21. EVERAL COOKING . riuiilcs. small cooking stoves, sev- cml nor.‘ Iicntcrs. 00 Rochford St. 1003-4-7-21 I00 nun _ NEW u rr. BOAT grim Iludson Engine. Apply Alfred libbcri. Souri-s. 1801-4-7-31: Turnips Yllilltull-IRS who have TUR- L l h fit for Market sell every ushcl you can yet your hands “I” T1101’ are worth now 30 CENTS BUSHEL which ls i‘ 0°00 iirlce and much better than Potatoes, sushi sen MEAL An excellent substitute for EEQINIPS. We have a cor- ‘ n stock and are selling f; 010w oriee. cnu at our wed and Feed Store and got our prl . .s Tm] M: llfliiili Prifio for Barter & 00. Limited POO-O P-OO-OOQO-O GO O4 0>§§ '“"+»+“+H.““,,,_“” before they were ‘bl-m, . i Y’ 31p Wanted EARN UPWARDS OF $25 WEEK- ly, growing mushrooms for us, in cellars and sheds. Begin now. I1- lustrated booklet free. Canadian Mushroom 00., Toronto. . H. W. 4-2-5-7. Wanted WANTED-FIRST CLASS BOARD. , Apply "Boarder,” c.o. Guardian. 1872-4-5-31 wmraiTifibfieTfinbbiisT Reggie Jenkins, Frenchfort. 1006-4-7-31. IIOUSE WANTED. MEDIUM SIZE, unfurnished. Modem. Garage. May 15th u: June 1st. Reliable tenant. Phone 51B Office Hours. 1085-4-7-31. Male Help Wanted BECOME‘ EXPERT BARBER through our special low cost course. Hundreds of successful graduates. Write Moler Barber College, 573 Barrlngton, Halifax. M. H. W. Nov. l-i-sttti. SELL FROM HOUSE T0 IIOUSE 100 Guaranteed Household Neces- sities, such as Food Products, Remedies, Toilet Preparations, Veterinary Products, etc. Cush in onproflis of $50.00 to $75.00 per week. Unemployed. make money instead oi losing some! Protection in reserve territory. Sure sale in every home. No risk. Ask for de- tails and catalog. The Famllex Products Copany, 4785 St. Cath- erine East, Montreal. M. W. 3-22-tts-10l. (Continhd fivim Page 1) groups of people begun to lather for admission. And before he had proceeded far. the Minister gave notice that it was the intention of Canada to "face bur problem with determination and at whatever-cac- rifice, fully meet our obligations, balance our budget and preserve our national credit in the eyes of an observant financial world." i" Striking a. note of vigorous op- timism, Mr. Rhodes exclaimed at one stage, as the plaudits of the members rang forth: "May I say I do not propose to indulge in pro- phecy. But I do desire to record my firm conviction that we are not far removed from even which will herald the dawn of be ter days; that these qualities of courage, ro- sourcefulness and thrift which characterized our forebears are not lost to the present generation, that our struggles and difficulties of io- doy will seem as a challenge to greater effort on the part of gov- ernment and people to the end that Canada will be found in the vanguard of those nations who successfully emerge from the great- est testing time in modern history." Of the coming imperial economic conference the minister spoke in terms of the highest hope and con- fidence. "While the world 1s cicco knit today, a welter of trade and finance as never before in its his- tory," he osseited, “and we cannot expect normal or prosperous condi- tions apart from the general world lI€I1d—I10V6l‘lll8l9SS some one na- tion, or group of nations, must as- sume the leadership and point the “ray.” Is Optimistic Imperial Conference The Minister paused and than continued: "To that end an op- portunity is afforded to the Brit- ish nations, whose representatives will assemble in Ottawa at the Im- perial Economic Conference in July next. If the members who assemble here meet in an atmosphere charg- ed with determination to approach their deliberations from the view- point of mutual advantage, there will result measures which will give a. marked stimulus to Empire trade. And while these measures are pri- marily designed to ‘imulate trade within the Empire, they will re- lease forces and establish currents which may well flow beyond our borders to the eventual benefit of the world at large." To his predecessor in office-the Prime Minister-Mr. Rhodes paid tribute. "The time for the 1031 Con- version Loan was admirably chos- en," he declared. “Its executi was attended with outstanding success, and its effect upon our financial position has been marked. That this is so is due entirely‘ to the vi- sion of the Prime Minister whose conception it was and under whose guidance it was,,conducted. The total expenses in connection with the Conversion Loan was slightly over one-half of one per cent." The earnest hope of the govern- ment, the Finance Mlnister observ- ed, on the expiry of the French Treaty on June 10, was that in the near future the present agreement would be replaced by a commercial conventlcn "which may be of mu- tual advantage." I No mention was made of a. new trade agreement under negotiation BIRTHS Lost LOST-IN TIIE CITY, LADIES’ diamond ring, finder leave at Guardian. Reward. 1092-4-7-21 Employment Wanted EXPERIENCED’ MAN WANTS work on farm. State W989i!- Appiy X. Y. Z. Guardian. 1878-4-0-21. Female Help Wanted WOMEN WANTED T0 SEW F011‘ us at home. Bowing machine nec- , canary. No selling. Ontario Neck- weor Company, Dept. 147, Tor- onto 0. - CALGARY, ma, Avril 6 — (BY The Canadian Prm) - Mrs. W. Parke Hammond l8 one woman in Calgary who cannot 090108899911!’ “y w visitors "I haven't a bit of cakein the house". Twenty-one years m} Mr- 0M Mrs. I-Iamnw were married. And ‘as at all wedd gs there was a wed- ding cake. av o part Oi the cake comistfiii w}; “yer, 1| pr erved in state at ome. The Bike showi no signs 00B, W999i i" I slight yellow tint which Gfldumy meliows the white, frosting. bn recurring v-eddirg anniver- caries the children are rriviirsed to sec the cake, hiiide four 7001's f the four-pound- WEST-At Eldon, March 20th, to Mr. and Mrs. Robert West, a daughter, Louise Dewar. MONAGIIAN-At the City Hospital, April 5, 1932, to Mr. and Mrs. James Monaghan, a daughter. DEATH! MELLISII-At Union Road, King's County, April 5th, 1932, J. A. Mel- ilsh, aged 00 years. Funeral, on Thursday, April 7th. MncCORMAC-At Rollo Bay West, on Wednesday, March 30th, James MacCormac, aged sixty nine years. Funeral to 8t. Alexis Church Friday morning. IIUNTEIt-At Kenslngion, April 5, 1933, Mrs. James Hunter, aged 71. Funeral from home of deceased Thursday, 7th, at 2 pm. to the Presbyterian Church, Remington. Interment, People's Cemetery. 1V. Q, lMacLean UNDIBTQKII i osmium m 1701111 "HUM" Phone 140 “w nun-w“ _ iiiionsiioir with New Zeeland, althouilh I N- ccntly published report stated that the "terms" of tho agreement would be contained in the budlot. “Well mly Canadians look back with satisfaction over whit 11B been accomplished. A11 extcrnll debts have been mot on the d" dates. The $72,000,M0 9111101991 I‘ mount of external debts. 9978910 W tlm public bodies 0f Oanfldl l-lld maturing before March 31st. W" inbvided for bu“! by 1911911119!“ and partly by renewal. but at ihil a1 amount lo represented by “bi- owing abroad. and this bs-irunco i8 so arranged that orderly redcmb‘ tion can be carried out wiihwi‘ embarrassment. The holders 0f Canadian securities with oblifliifli?" for external payment have receiv- ed their 00 millions of 111061085 I! it became due, ‘This accomplishment. Wei-h" with the strength of our bmkini system and stability of our finan- cial institutions generally» h" 5°11’ tributed greatly to the return of confidence, as exhibited in the im- provemcny, of the Canadian doll" in the exchange market, and in the higher quotatio for Canadian pub- lic securities." Decrease in Revenues The finance minister then turn- ed directly to the financial situat- ion. 1-Ie dealt first with revenues go,- the fiscal yea;- 1031-33, which ended on March 31 last. In common with all other countries Canada had experienced a. marked decline in taxation revenues Of the ma!“ sources, the income tax alone had brought in approximately the sum estimated. Income tax had yielded approximately $01,000,000 even. Cus- toms receipts hfld fallen to $103.‘ 000,000 as compared with 8131.290‘ 00D in the fiscal your 1930-81. Total 100011308 from taxes would be $273,- llhtimatedi) : including the interest paid by the chartered banks for advances un- der the Finance Act which it is es- timated will amount to $300,247 as compared with $530,904 last year." The following brief summary of all revenues received in comparison with the four previous fiscal years was given by Mr- Rhodes: ORDINARY EXPENDITURES The Minister then turned to a re- view oi the ordinary expenditures of Canada for 1931-32. He sold: "The ordinary expendit- ures for the year are placed at $370,700,000 which is approximately $19,000,000 less than was estimated. The expenditures on services for which provision is made annually by vote actually were $25,000,000 less than the amounts authorized by Parliament On the other hand certain statutory expenditures, such as subsidies to Provinces, old age pensions and exchange, exceeded the estimate by $9,000,000. “Over $3,035,000 was in connection with exchanges, mainly the prem- ium on gold purchased from the mines. This expenditure was largo- ly offset on the revenue side by credits totalling $2,240,000, result- ing from the sales of New York exchange and the discount on sterl- ing purchased to meet Iiondon rc- quiremcnts. A mrther credit iof 0500.000 was realized in the pur- chase below par of sterling securit- ies for sinkinc funds, which made a net expense for the year on pre- mium, dlscount and exchange of $681,000. The amount voted for capital ex- penditures for 1031-32, pr ’ ‘ Mr. Rhodes was 910,801,000, Of this sum it was estimated $10,975,000 had been spoilt during the your. This was ‘ably smaller than in the pmedlng fiscal year when expen- ditures on capital account were 020,000,000. The principal items of expenditure were: Hudson Bay Rail- way. 05,215,000: Welland canal 02,040,009: 8t. Lawrence River Chan- nel dredging $4,200,000 and the ro- dain only 033,000,000 of the oriiili" - 000.000 u against minim In 1090-31. A tshlc read by flu Jllnlster showed that revenue from excise dutim for the past liocol 7081' would b0 948,880,000 as against $736999 in 1030-31, and that rcvonuo from sales tax would show an increase from $20,704,000 in 1930-31 to 041.’ 211,000 n, we year just closed- Bol- es tax receipts consequently were almost doubled. The Mahler's tab- le also indicated an lncrclle of 81>" proximately 05.000000 in the returns from stamps and transportation tax- es, the total amount collected last year being $10,090,000. Public Service Invention Public service revenues were then dealt with by the minist . “Col- lections from the various public ser- vices," he said, “it is estimated. will total $54,000,000. Post oilcc. which is the major contributor under this head will show an in- crease of $1,500,000 due to the raise in postage rates and bcuouoopooii- age stamps may now be used for certs-n excise stamp taxes. ‘The post omcc revenues are es- timated at $31,740,000 as against ex- penditures estimated at $34,500,000 This does not include disbursements made by other dvpartments on ac- count of post cmce, nor does it, on the other hand. give any credit for handlinl the mail of the various branches of the public service free of charge, "Interest on investments, bcinB payments from harbour eonunis- slons, boards, etc, financed by wov of loans from the Dominion, and including the regular payments by Romnania on its loan, it is estimat- ed will total $10,000,000. In this i5 included the interest paid by the chartered banks for advances under the finance act, which ii», is estimat- ed will amount to $300,247, as com- pared with $539,904 last year." The following brief summary of all rev- nues received in comparison with the four previous fiscal years was given by Mr- Rhodes: SUMJVIARY OF ALL REVENUES search building at Ottawa 01.700.- 000. The Kiivernment had been forced to make certain special expenditur- es, and with respect in these, Mr. Rhodes made the following refer- ence: "It is estimated that special expenditures will amount to 055.- 100,000 as compared with $10,729,000 on this account in the previous year- ‘The chief items are wheat bonus and unemployment relief. "The wheat bonus will cost 011,000,- 000 as compared with the estimate made originally of $7,000,000 the in- crease being due to the fact that the crop proved to be mater than was anticipated." Belief To Provinces Tumlng t0 expenditures under the Unemployment and Farm Relief Act the Minister presented tabla showing the expenditure by Pro- vinces and indicating the share of the Dominion, the provinces and the municipalities. The table deal- ing with the provinces was as fol- lows: Provincial and Municipal: Phone 219 PAGE ITIREE _ Ross-Drug-United WATCH FOR THIS PAGE NEXT WEEK! The Roxall Store ITWILL GIVE YOU A LIST OF HUNDREDS OF BARGAINS AT OUR ONE CENT SALE. THIS SALE IS THE BIGGEST AND BEST EVER ATTEMPTED. Listen to it Over C. F. C. Y. Beginning Monday. SALE STARTS WEDNESDAY AND CONTINUES ALL WEEK. JUST WHAT YOU WAITING FOR. #O4000 O-O wow» HAVE BEEN to b: coined over into the next fiscal year will he $10,000,009, not including provision for direct relief bc-yrnd the actual disbursements mentioned‘ above. The latter re- quirements are difficult to estimate as they are governed by the exig- encies of the situation in the dif- feicni; provinces and it requires o considerable period after the actual relief payments are made ‘for the accounts for the Domlnlons share to reach Ottawa. Loans To Provinces "Having dealt with expenditures for unemployment and form relief. it may be apilmlvriate, while on the subject to refer in further assist- ance rendered to provincial govern- menis by way of loans. It is a mut- ter of common knowledsc that for some months various provincial bodies have been unable to issue securities on the New York mark- et, whore they have had obligat- ions folling due- In order to protect the credit of Canada as a whole. tern, any assistance was given to certain of the provinces in meet-ins role of bunker with rupect to the radar-option of maturing provincial debts in Now York until it was alt- isilcd that every other avenue had been diligently explored by the province without success. The sums advanced under this hand total 011,037,100. In addition to this amount, 010,704,000 was loaned for internal purposes, in- eluding ‘provincial share of relief works In these instances the Gov- ernment's assistance was given as a port 0f its relief 9108mm on the urgent representations of the prov- inces that in existing circumstanc- es their coimnittmcnts could not b0 fulfilled without such aid from the Dominion. As ‘ _, the Do- minion holds one your treasury bills of the Provinces 811113.110 rote of in- terest charged ls that, which the Dominion had to pay for the mon- ey." mcludins loans and expenditure. Dominion disbursements on account of unemployment relief and assist- ance to the provinces would total s00,001,023, the ilvflnistcr told the House. The Minister presented the their obligations, buifin no instance did the Government undertake the l Dominion Borrowings The borrowings of the Dominion were then dealt with by Mr. Rhodes. He referred first to the 1931 Conversion loan. Final figures of the loans eligible for conversion and the amount actually converted were given to the House. The total amount outstanding on May 1, 1931, was 01.034.023.350. The total amount converted was $030,000,300. "While the conversion had no im- mediate cffect on the annual in- terest chargea, the Government will benefit substantially within the next few years by reason of the lower interest rates obtained." sold the minister. This isdndicated by the following statement:- Fiscol Year ‘ Saving ln Interest 1982-33 8 193,128 1933-84 8 503,360 1934-35 $3,335,241 1935-30 and annually thereafter . . . . . . . . $0,102,064 The National Service Loan was referred to by Mr. Rhodes. The of- fering had been $150,000.00 and the Total Donrifilon Provincial Works H1019 Shim Prince Edward Island . . .. . $ 773-250 9 125.000 0 147350 N090, Scotia 2,546,909 999,923 1,016,946 New Brunswick 1,911,970 749,090 1,102,179 Quebec . . . . . . . . . . . . . . . . . 14,612,975 4,643,908 9369.167 Ontario . .. . . . 27,869,177 8,790,933 19,079,344 Mairltoba - - . . 5.505.495 3,931,987 3.939.509 Saskatchewan , . . . _ . . . . . - . . 5,519,843 2,709,932 2,759,931 Alberta . . . . . . . . _ . . 5,171,935 lbfifili 2 585,013 British Columbia 5,999,971 2,999,938 2.999.995 Totals V . . . . . . . . . . . . . . . . . . . . . $70,469,875 $3,599,763 $43,832,912 "Pb-r direct relief," the Nilnist- er continued, “the Federal trlbution chargeable to the 1031-32 accounts is estimated at $0,057,000. the major port of which applies to the drought areas in Saskatchew- an "Tb sum up these special expen- 1117111‘?! for unemployment and Farm Relief in the fiscal year 1931-32 will be $13,250,000 under the legialationof 1030, and $35,000,000 under the lag-- isintion of 1031. o total of 330,250,- 000 and the balance of commitments ANNOUNCEMENT ' Canada's Leading Musical Qrganizafion llAIlT lliiliJE CTIIIIIE QUARTET Appears in Trinity United Monday, April 11 Do Not Miss This OUTSTANDING ATTRACTION Total Net Proceeds for-Protestant Orphanage Church, con- amount was substantially over sub- scribed. The accepted over subscrip- tions, he said, totalled 071,100,200, bringing the total issue up to 0221,- 190300. Mr. Rhodes mentioned that the total number of subscriptions was 100,000 indicating that the loan was widely distributed. "While the banks mode applica- tion for $30,000,000," commented thc Minister, "the Government took the view that it was in the national interest to give the preference to small investors: therefore when subscriptions for exceeded the $150,- 000,000 offering the banks were asked to withdraw the applications. Railway Situation By reason of the railway situ- ation being under review by s Royal Commission, the Minlshr confined his remarks on the Con- Iadion National Railway to s brief ‘statement. The total financial pro- ‘vision which the government was reqidrad to make. either directly or indirectly for the system in 1901 was $100,975,205, Mr. Rhodes ob- served in presenting the following statement: . ‘counts so expenditures, pending thc following comparative siunmary of all expenditures: '_080- 81 _ _ _ 1929.30 1930.31 1931.3: ‘ 1927-28 1020M 192930 1031-32 Ileceipin from 1W1 2s n28 2D m, (gaafhtnud): Ngnnxiglign s 004,100,000 I 005,021,000 s 010,051,000 8 206.275.0110 8 20348990 "Nngunm _ ‘ 836168.000 ‘ asthma” ' ,5.,_.,8,,'m ‘ 89.58,,” ‘ m 7,3,0, R°'°"““ - “Pm-ml” 59-54mm“ °z~mi°°° amp“) M's-up” 5 " 230803032 igfogg aigilfggg igiigboo 1105330000 conloliiduted Fund 422 11s 000 40s 404000 441 411000 040501000 021 110 000 '12s“ I011. Milvxncvl ' ' ' ' ' ' ' ' ' ' ' snlggcclpatcselét-a- .- 7.120.000 5,470.0,” E" z 6|. - o0 Ion-000 nnn-nctflfi . .. 10,404,000 ‘ 13 040,000 0,202,000 5,496,000 0,100,000 Totals s 420,041,000 s 400,040,000 s 440,132,000 c 000,200,000 s 334,141,000 '16 --- I 570,804.09" 8 389,595.91” 5 399,442.00’ 3 440.007.”? 6 454346.000 Deficit, Canadian Na- tional Railway, ex- cluding eastern iines $ 52,255,670 Deficit, eastern lines .. $ 0,712,702 Total deficit $ 60,908,430 Capital expenditures including new equip- ment . . . . . . . . . . . . .. $ 33,990,105 Debt retirement . . . . . .. $ 9,791,091 Discount on securities issued $ 4,336,030 Total ..... $100,970,205 l Of these requirements, the Min- ister proceeded, $41,282,000 are be- ing furnished by way of advances by the government out of the pro- ceeds of the National Service Loan and temporary borrowings in New York. Deficits on the castem lines amounting to $0,712,702 have. in ac- cordance with the provisions of the Maritime Freight Rates Act, been paid as an expense of the govern- ment and arc included in the state- ment of the expenditures. The bal- ance of the requirements. namely 050,000,004 including discount, was provided from the proceeds of Can- adian National Railway bonds guaranteed by the government. Mr. Rhodes continued: "The ad- vances made by the Government shad as in 02031030005 under authority of the Canadian Nation- al Railways financing and guaran- tee acts of 1931, and as to $11,372,- up to the end of 1931 in excess of amounts authorized for such pur- poses. ‘These advances have been made from the treasury under leg- islation which anticipates repay- ment through the sale of securities guaranteed by the government. It may, of course, transpire that such repayment will not be practicable and that the company will find it is unable to assume carrying‘ charges on this debt. It has not, been considered advisable, however, '10 take these advances into our ac- determination of policy with refer- ence t0 the-future financing of the company after the report of thc Royal Commission on Railways had been received and concidc ed. Harbor Commissions “Turning to harbor commission, the Minister declared that these advances totalled $14,140,540 for the pslt fiscal year. The chief expend- iture, he observed, amounting to approximately $5,000,000 was mode in Saint John, N’. 8., whore a re- construction programme was neces- sary on account of the disastrous fire which occurred there. In giving the Rouse the follow- Trinity United Ghurcii THURS DAY 7.00-Senior Tuxls Square -- reg- ular meeting—Debate on M111- tary Training in Schools and Colleges - Social Hall. Commission, Mr. Rhodes observed that the balance of the expenditure consisted mainly of commitments in connection with the completion of development programmes under- taken prior to 1930; advance: 1031-32 ToDule Chlcoutllni 405,000 $2,026,000 Halifax . . . . . . .. 2,753,000 7,503,000 Montreal harbor 1,412,000 57,309,000 Montreal bridge (deficit) .. . . . 534,000 704,000 New Westmin- ster 170,605 170,605 Quebec . . . . 1,495,000 25,924,995 Saint John . 5,703,955 9,170,055 Three Rivers 747,000 3,420,000 Vancouver 809,000 21,410,900 Total . . . . . 314,140,540 $127,422,035 "The Quebec commission,” he went on, "docs not pay any inter- est and consequently its loans era treated as non-active assets. This also applies to the advances made to enable the harbour commission- ers of Montreal to meet the deficit on the Harbour Bridge. The other loans have paid interest and are carried as active assets, although it may be observed that some adjust- ments may prove necessary in this respect in the near future." Directing attention to the Can- adian Farm 1mm Board, the Min- lster stated that these loaning op- erations were again financed from the Dominion treasury by the pur- chase of $1,500,000 of the board's five per cent bonds at par. In ad- dition, $107,003 was paid for cap- ital stock of the board 1n accord- ance with the Farm Loan Act. The total capital furnished by thc Do- minion Government, he proceeded, fcr the board's operation since its ‘ inception amounted to $7,210,465, as follows: Initial capital . . . . . $5,050,000 Purchase of bond $1,000,000 Purchase of capital stock 3 306,405 Total .. . . . . . . . . . . . . . . . . 07,219,405 Wheat Marketing I usrantces Wheat marketing guarantees then engaged the attention of the Minister. “Under the authority of section 3 of chapter 50, statutes of 1031, orders in council concerning the marketing of the western grain crops were made," he observed. "The House will recall the problems which the Canadian Co-Operstivo i Wheat Producers, Limited, faced 1n financing its operations in connec- tion with the 1930 crop. The Gov- eminent, believing that it was in ‘the national interest to protect the 495-" under the supplementary credit of the marketing agencies in 1031510000 "Willi? 1105496 by Plr- such a way that the grain might be lilmeni to provide for expenditures marketed to the general advantage of growers, had given on under- taking to the seven chartered banks concerned, which then made avail- able the necessary credits. The un- dertoklng was given status by or- der in council P. C. 2230, dated September 12th, 1031. This under- taking hss served its purpose, and without cost to the treasuryl Based upon present market prices, the expectation is that, when all ac- counts are settled, the Canadian (lo-operative Wheat Producers, Limited, will be able to settle all advances wtihout recourse being had to the Dominica's guarantee." Mr. Rhodes went on: "With respect to the 1931 crop, the three semi-public marketing agencies in the Prairie Provinces found their position a perilous one at the comme cement of the mar- keting scason. The assets usually pledged against bank credits were already encumbered, thus restrict- ing the credit available. Represen- ‘ " on their behalf were made to the Dominion Government by the premiers of the three prcvin- cial governments concerned, and, as o result, an order in council was passed on the 12th of September, 1931, authorizing Dominion guaran- lnl tabla 0i advances t0 H8001‘ / iOontinucd on Piss 0)