while home

I,m;n; Guardian, phprloltttow Inn

G’ rowers.

OTTAWA, _ March 21.

l-hc 1030 crop, remains

Hon.‘ E. N. Rhodes,

livcrcd today. Under the

Liabilities" the Fifiancc

Inca given to the three

Over 38.000 people in this Province -- 8.000 in the .City - Read The Guardian every day.

The Guardian is read in practically eveg worth- Edward island.

Ioundod Two Cont!

Prince

Ill?

wan ‘\‘\\\\

'12 Read by Everybody Covers Prince Edward Island Like the Dew

rain

westerly :

THE WEATHER

55°38 I'M: or gala shifting 1a

01°05)’ with occasional or mow; not much change in

temperature.

Wheat .Markett Steadied By y ,G'ov’tl Action

finance Minister Rhodes Reviews

Efforts Made T o Assist Wheat

(C.P.)-. The guarantee of advances to the canadlan Co-operative Wheat Pro- duccrs, Umited, in connection with in effect, and additional similar guarantees given last season, were Justified, in view of the steadiness that has dc- velopcd in the wheat market, ac- cording to the views expressed by Minister of Finance, in his budget speech de-

dlvlsion-“Indireci; Minister dscussed these guarantees, assist- Prairie Province wheat pools, assistance to Newfoundland, and guarantees to

chartered banks, under the varlo relief acts. In addition there we

Yfifll‘.

In connection with the gran

"In the budget speech of

Continued on page a

bond issues gauaranfoed by the Dominion outstanding to .1 mm 9p $996,148,354, a. decrease of $4,300,000 as compared with the previous

under the relief acts, the Finance Minister spoke in part, as follows: last $85510". mention was lilacs of the Eauarantee given by the govern. merit to chartered banks in respect of their advances to Canadian co. °Peratlve Wheat Producers Limited, "PM"! out of operations in eon-

CHARLOTTETOWN, CANADA. WEDNESDAY, MARCH 22. 1933

Welcomed Home

‘J8 YB

to

servatlons and

House of Commons today:

“I do wish to warn agalnswing out a not unsotisfa

Some Obiter Dicta

OTTAWA, March 21—(C.P.)— dangers this Government has ro- The following are some of the ob- announcements quoted from the budget speech of lion- E. N. Rhodes, delivered .n the

soluteiy set its face."

tuating about halt way between the United States dollar and EH8-

ico gloomy an interpretation of," promise between those of our nat-

current

happenings . . . Events ional interests which would be bc-

ars moving rapidly, driven by tho neflted by close and stabfe rela-

' has obtained Tn many mon

"Current estimates of the posi- tion indicate that exports of goods, gold and services are sufficient to offset annual charges payable a- substantial _ balance for prln’cpal payments on

broad and to icavc a

account of external debts."

"The inevitable result of inflat-

. Ion would be a light from our dol- lar, withdrawal on s. large scale r-f the capital invested by forelgr w in this country . , , . against policies which m'ght lead to such

tbs."

. ANNOUNCEMENTS. COMING EVENTS.

MEETINGS, am m“ “°"°*“s""

"Announcements are lnnertrrl In . word appdnt a Royal Commission t0

lhlu column at 2 (‘cuts "Philly nlyuhio In mlronco.

"Reserve Apr“ 15th for mm ‘h1g3 of our entire banking and 3534-3-22-11, -monetary system. to consider the

Church Cake Sole.

"Lindyslvs. Wheatiey River at Cornwall Rink tonight, skating af- 8538-1!

"Wiltshlre Club loading hogs forenoon, March 29th. Block must bo listed with Secretary,

l‘. 8532-3-22-11.

lcr match.

Wednesday E. N. Easto

‘fstunley players will present their concert at Graham's Road, Wcdncsday,,March~22nd, at 8 p.m.

8508-3-21-21

“Hunter River

Stock , Russell Nicholson.

their Concert at Mayileld Thursday, March 23rd. at a

River, Thursday evenin . lion 20 cents. g

.___.. u

I ll your own

,4

all!!! by consulting K11. Sun Life Assurance Co,

. 8156-3-18-31. - "The annual banquet of the zllrsliileld Farmers Institute will be ° on Wednesday,

8479-3-10-31.

M in the mu "re-h 22nd. at s P. M.

000cm 501d Hall ."°K@ntcd by -r.

"M. rrmy.

O0

liheh 41am. ‘Wee. more.

per

Club loading hogs Wednesday forenoon Marci: 29m. must be listed with Secretary 8531-3-22-11.

---__. "Stanley Players will present Hall, on P. M.

8510-3-22-21.

"Coma to" Dmsentatlon of Beth- "M Trophy. Entertainment follow- "! by dance, Masonic Hail, Hunter AS11118- seas-u

not arranze a cash estate rlsht. You can do this J. A. Moors.

to the Concert in Brook- . Thursday, March 23rd. Princetown Road e M L. Admission 20o and 10c. If r wr-a-oi-ai.

_ m‘ The Ladies Aid of Christian I "Rh will servo afternoon Tu at ome of Mrs. John Mcxinnm.

001 Street, Wednesday from

86204-2241.

‘terms of New York.”

public debt as low as poss bie by maintaining such financial pol cies as wll enable us to raise new funds and convert maturing loans on the lmost economical basis. When the proper moment arrives we propose to offer a convrrsrn loan to the pubic of ths country."

"The Government is prepared t0 co~operate with the movement of the banks and financial institu- tions to reduce the interest rate on savings depfsts by reducing the rate of interest paid on postal sav-

“The Govemmcni: proposes to

study the orgawzation and work-

arguments for and against a cen- trhl banking "Institution, and to imnke recommendations for revis- ion of existfng legislation."

“Of the malor of tax- ation revenue tho income tax alomo will yield the sum estimated" . . . approximately $82,000,000 for the fiscal year ending March 31, 1933.

“In finding its own level, fluc-

Brifislz Ladies,

(Special to Tho Guardian) MONTREAL, Qua, Mar.

Sritish lodics are likely to in the tours.

"art

(Canadian Press) SYDAEY, N. S., March 2i.- vstory surrounding the disap- pearunce of James JolmAonc, 45, last Friday was clear-rd up when school children playing at recess near Upper Loltrhcs Creek School found his holly ly- lng by the side of the road to- day. 11c had ejilcntly suffered u paralytic stroke. .____.__._._.__

HALIFAX, March 21. — The period during which motor ve- hicles may baropcratcd on 1932 license plates has been extend- ed in Norm Scotlo from March 3! to April 30, lion. Percy Black, Minister of Highways, announ- ced today.

To Visit Canada

21._.. Parties of ladies from Britain will llsh pound, our dollar may be worlr- visit Canada and the Unitccl States ctmy com- this year for the purpo,c of attend- ing the International Congress of Women at the World's Fair at Chi- cago in July. The parties will tra- _urge of erononiio necessity. 0n this lions with sterling, and those which V91 48. “friendship tours." Orsimlzed ' fact may rest tho basis for a mvould be gclfollsly harmed by win Britain and travelling to Canada greater degree of optimism than Vhcavy and fluctuating discount in ‘ V!“ 9110"“ 550301511105 and 1119MB from Montreal to _Chlcago and re- _ tum via Canadian National Rail- h-me pane), o‘ this Government way. Information es to the organ- ls to keep interest charges upon mum‘ "f m? “N's h“ ‘mchcd Jzmadiun National Pnsscngcr De- partment officers here with the in- dication that a couple of huvdrct;

Budget Highlights

CONGRATULATED ax MAYOR 0F SOUTHAMPTON

S" llielwlm Campbell, British pirated by the mayor of scnthmp. 511°“ U118. who set a new landiton, England, on his rel-urn homo speed record of 272.463 mils; an hour in his automobile Bluebird aUCampbell (In centre), was the n“, Billions Beach, Flaw, being congmt.

aboard the liner Aquitanla. Lad,

one aboard the boat to greet he; husband.

Large Shipment Of L" attt e To‘ U" ifcd Kingdom

MONTREAL, March 21—(C.P.)-—- A total of approximately 1,130 head of (rattle will bc exported from Canada to the United King- dom this week. The majority of the Ecattic passed through Mlhtreal stoflyards today.

Three boats will carry the ship- ment nll sailing from» Saint John N. B. The S. S. Kastalin left today from Glasgow while the S. S. Man- rhcs‘cr (livlsion will sail for ivy-an. chested on 'I'hur"dny as will tho S. S. Vn dulia for Birk rhoad. This week's sirpments will bring the total export for thc year to date to about 1,801 head.

i Y I iiForly Herring Season Forecast

(Canadian Press) HERRING COVE, N. S., March

memory of the oldest inhabitants of this fishing village,

Yesterday two lobster fishermen, Howard and Victor Brown, found a herring entangled in the rope lead- ing to one of their traps when they hauled the lobster pot to the sur- face.

Council Moves Changes In Collection‘ Act

(Canadian Preu) SYDNEY, N. S., March il-Ab- olitlon of indefinite imprisonment for debt under the 0011mm" M‘ was urged by the County Council in special session here today.

The Council adopted u resol " demundlng drastic changes in tho provincial act after it had been told of the case of David Carey, Sydney Mines, who has been a prisoner in the county Jail for four months.

Corey was placed in Jail for fall- ing behind in harmful-B W l“ l" tlcls of furniture. Warden D. H» McLean expressed belief today that he must lppareutly star in Jail M 1on8 ll his creditor wants.

Deputy Warden A. D. H. McKin- non dam-ted the Collection Act to be the "most iniquitous legislation ever enacted in Nova Scotia." The

I I n

Canadian National R "

is estimated $2,599,089,000.

a a n

o >0

o 0

i! 0 t

in 1913. o o o

council's resolution declares that’ many creditors “unsilflllllllilllilyi

take Advoutale" of (-06 MF- ’

non-active category of '

OTPAWVA, March 2l.—-(C.P.)—-Tho following are highlights n1’ the budget announcements made in the llouse of Commons this afternoon by lion. E. N. Rhodes, Minister of Finance:

The deficit on ordinary account will be $53,608,000. Adding special and capital expenditures, not non-active loans and ailvanccs, and , deficits u... total addition u. the debt will be $156,122,000. The total debt at the cnd of March 1933.

Estimated ordinary revenue for iho fiscal year ending March

31, 1933, $310,817,000; estimatedordlnary expenditure $364,455,000:

deficit on ordinary account, $53,608,000. I

Capital expenditures for 1932-33 are estimated at $9,123,000 as compared with $18,980,000 last your and $22,809,000 in 1928-29. O

Special expenditures covering unemployment relief and wheat bonuses is estimated at $42,483,000 as compared will) SR5,- 476,000 Inst year, and $2,187,000 in 1928-29.

In the ll months ended February 1933 exports exceeded im- ports in value by $70,340,000; In the nme period of the previous year this favorable balance was $25,401,000 and for the corres- ponding period in 1930-31 Imports exceeded exports by $10,524,000.

O t

Gold production in Canada. during 1933 ls expected to reach 101,000,000 n compared with $60,000,000 in 19oz, and $16,000,000

Advances to dots to nine harbor commissions total llflflflfililfl. 0f this total, $26,000,000 advanced to Cblcoutlml, Th!” 55"". Halifax and Saint John will be transferred to the out because of the unsatisfactory financial conditions of time commission.

u 8 u

a o U

u o o

O u a

O t o

O I

Q O I

Government, said the Speech from the Throne read at the opening of the current session of the Legis- lature by Lieutenant Governor W. 1i. covert today. In this tion the Speech noted that “the

attendance follow'ng a long con- valesoence fmm Government and Opposition forces Jo'ned in welcoming hm back to active participation in public af- fairs.

Premier may be heard tomorrow afternoon when if time permits, he \vi'1 lead off Government speakers 'n the debate on the address in reply. The address was moved to- day by H, T. MacKenzie (Annap- olis) and seconded by R. AA. Doua- las, (Pictou), with Hon. A. S, Mac- Mlllan, House Leader of the op- position adjournmg the debate,

Age Pensions subject of v0iumin~ ous dcbntc in past years, Speech from tho Throne gave not- ice that econom‘cs of a higher typci o: road urns... m certain sec-i timuted at $287,000,000. tions of thc Province xvas being

Ill-Herring are running along the coast three weeks earlier this year H A R m E than in any other season within]

Twenty-Four Y e a r

HALIFAX, March 2l.--Thc Grand

Jury returnees true bill in Su- preme Court today against Sam Crawlcy on n. charge cf murdering his father. The 24-year-old colored youth, believed mentally deficient, according to previous evidence, swung a. double-bitter! axe that crashed through John Crawnys skull as they chopped wood in the Crowley yard on February l5. Crowley will go on trial before Chief Justice J. A. Chisholm at the March criminal term which opened today. One of the Crown witnesses will be the prisoner's elder brother, John, an eye-witness to the trag- edy, who told the police he saw Sam hit his father with the axe. John said he heard his Crowley senior tell Sam to move the chop- ping block, an ordcr which the younger man apparently ‘resented. “'.‘l‘hen," John declared, “he up ivith the axe and gave it to him.“

Col. Leigh

At a recent meeting of the Ex- ecutive Council the following ap- pointment was forthwith: To be appointed Clerk of the County Court, 8th Circuit of Queen's County, Guardian, Charles Leigh.

1E GISMTIIRE

i

‘iIUNVENES

Sp e ec-h From The T h r 0 n e Declares Economy Will Be Exercised.

(Canwon Press) HALIFAX, March 21—-Efforts to obtain "large additional revenues" necessary for the provison of 01d Age Pensions 1n Nova Scotia will be undertaken by the Nova Svotio.

OTPAWA, March Canada's budget was luld

of Finance Minister, Hon. Rhodes gave to the conncc-

KB) Ordinary $310,817,000, and ordinary expchdi lures, $864,425,000;

an operation.

of Canada. both for

Although not fully recovered, the

revcn ucs totallc"

(C) Total additions to the debt government operations and deficits oh the

8 PAGES

2l.~(C.P.)~ ‘Canadian National svsicm wmount Dolor:- Parliamcnt today. For tho second time since he assumed the 0111C? l2“. N. lloziso and country his review oi the finnncul position of Canada, an outline of

1o $156,122,000:

jnruucial rwicu", bu‘. (he _\

Dominion Government has given ‘ the Dominionis stains in vaorxl ZlllCi‘, n-vcuuo. expenditure‘, and

assurance that the rc-assessmcrit trade, and a statement of the finally ways and means. made scv-

recommended by the Duncan Com- methods wholfiy rcrc-xiuc will be cull cillcr imporiaiit. announce-

mission will be made without dc- raised during the next fiscal )'cax'.,illcl1l:.".

lay, and it is anticipated that in clearly and deliberately’ Mr. l

this marmvr the Province will be Rhodes made his statement. Out- Another Conversion

aided ‘n providing this important standing among his announce-

Social service." monts uorcr The Government proposes to The session got under way with (A) Canada's deficit on ordinal" ‘loot another conversion loan. It

Premier Gordon S. Harrington in account for the year is 353508.000 "ill bc offered lo the people of

‘filladfl. And, the Minister declar- sd, "it will bo on a basis that will kccp faith with investors and will not in any sense involve lftplldia-

(Continued on Page 6)

I BALANCED BUDGET 1s A c1115 VEMENT

Apart from the reference to Old

the

(Continued on Page 7) __._____.._

of Commons today.

sol-bed in the ncw rate.

Old Colored Youth G h a r g e d W i t h Fathers Murder.

of dependent children from $500 (Canadian Press) i” 540°-

A new schedule of rules of taxation

first $1,000 of taxable Income.

Ownership Certificates-To en~ sure that income from bearer secur- ities does not escape taxation, pro- vision is madc for ownership cor- tlflcafos to be completed when cash- ing coupons; cffccilvc first April, 1933.

Five P. C. Tax on Non-Residents —A tax of five per cont is i posed at tho gourcc on all interest or divi- dends paid by Canadian debtors to non-resident of Canada: fllvffflvl! 1st April, 1933.

Five P. C. Tux on Interest or Divi- dends Clshed at a frcmium-A h! of five per cent ls imposed at the source on all interest 0r fliVldfflfl-i received by Canadian residents from Canadian debtors and cashed in a currency which is at a prom- ium over par of Canadian funds; cflectlvc 1st April, 193.‘).

Salts Tax-Thr- rate of sales lax remains at six per cent as at pros- ent.

All items now at the half-rate will be subject to tax at the full rate with the exception of articles for the blind.

Articles lakm from the exempted list include materials and non-per- manent equipment mil-ring into the manufacture of goods suhil-‘fl- l0 tho salts tax, fuel oil. molasses.

Appointed

made, effective

and Provincial

Corporation Income Tax-Tax on ‘incomes of corporations raised to I'm.’ p. c. and exemption of $2,000 removed. Corporations filing con- solldatcd returns will be taxed at the rate of lfilé P. c. The sur- charge of five p. c. of the tax is ab-

Personni Exemption-On personal incomes, exemption whore hereto- fore $2,400 will be reduced to $2,000, and whore heretofore $1,200 will be reduced to $1,000, and in the case

Schedule of Rates-Personal Tax-

on personal incomes is pIUIKWPdw commoncin, at lhrcc p. c. on the

(Canadian Press) OTTAWA, ‘March 21—The Hon. E. N. Rhodes, Minister of basis of present business conditions, is designed to produce in 1933-34 a surplus of ordinary revenue over ordinary cx- penditures amounting to $2,000,000. ' Revenues for 1933-34, lllldfll‘ present taxation, are es-

budget presented today by Finance, estimated on the

Ordinary expenditures are estimated at $369,000,000.

The deficiency on ordinary ziccount is to be met by further reductions in controllable expenditures amounting to $14,000,000 and new taxaton yielding $70,000,000.

OTTAWA, March 21.—(C.I'.)--The following is a. summary of the taxa- tion changes announced by lion. E. N. Rhodes, Minister of Finance, in the Budget presented in the House

corn syrup and sugar cane syrup, cleaned rice, sugu and tapioca, cer- tain other processed foodstuffs, and certain typos of machinery and ap- pliances.

Excise Taxes-Special excise taxes are imposed, us follows:

Cosmetics and toilet preparations, l0 p. c.

Automobile fires and tubes, 5 p, c,

Cigarette papers, 2 cts per 100 loaves.

Cigarette tubes, 5 cents per 50 tubes.

Sugar, 2 cents per pound.

Unfermcnted wort, 25 cents per gallon; malt syrup or powder, cx~ tracts of malt or other malt pro- duct for the brewing of beer, 50 cents pcr pound. (No special tax is levied on tea or coffee).

Sales and Excise Tax charges ef- fective 22nd March, 1933,

The exemption of the fl cent stamp lax on cheques of $5.00 or under is removed except for cream- cry tickets, and lax on 1105101 1101485 raised from one cent to ihrcc cents; effective 1st lliuy, 1933.

Excise Dulles Jixclsc duly on dis- tilled spirits used in the manufac- ture of proprietary medicines, cx- tracts, essences, perfumed spirits and pharmarculicnl preparations is raised to 94.40 per proof gallon. An excise duly of $1.00 per prnof gallon is imposed on spirits used in the furtifying of native iviru-s.

Agricultural Stabilization Fund :- Proposals were announced for the establishment of an Agricultural Stabilization Fund, rlcuuncd to as- sisf. producers oi‘ certain primary products rxported lo (he British nlrkct and (o remove unsrllling effect of fluctuating exchange. From the fund flu-re will be paid on ox- porls tho difference between lhe price actually received and (he, pound sterling valued at 54.60.

The wmmodillcs to be included In this plan are: Animals, meat (In- cluding bacon and ham), poultry, fresh fish, canned fish. tobacco, cheese, milk products, canned fruilfl. ranned vegetables, maple products, eggs and honey.

(D) The not debt of the Dom- nion on Afar-ch 31 next will 21p-

lncsc were the high spots in :11:-

ilzircz-sing the fields of irudr. fin-

Annuul Suhltrlptlon Delivered $5.00 I a u. s. A. 11.50

B: am Cunuh an

NiWA Sfiiiillii Canada ’s Financial

Status Outlined“ . In Rhodes Budget

New Conversion Loan To-B-e-Floaterl; Royal Commis-‘ sion On Banking Forecast; Co-operation With’ ‘ Chartered Banks In Lowering Interest Rates Is’ Indicated By Federal Finance Minister In His Budget Speech.

_._‘

. .

Min. OfFinance

HON. E. N. RHODES

Who last rvcuing (lrlivcrcd tho sci-crud Budget in his Parliamcntq ury can-er.

Fire

Probe Contin aes‘

(Canadian Press)

SACKVILLE, N. 13., March 21.-—- Authorities who arc here invcsiigab- mg the fires which destroyed tin-co Mount Allison buildings tilis month | wcrc in conference tonight with re- presentatives of the University, but no statement was made following the meeting. It was said that cir- cumstances, pointing to incendiar- Lsm were under discussion.