»thi.s. but the rate will continue to

. Woollen". toil " l ' , fivmrgluit MmWvWoFTfi - I ma. ie at ' lnw "1' WM no

[FEBRUARY 7, 1939 GIVES ADDRESS

mumm- lDPmll-tion oi’ the ' that it come; from w,- w“

It is our du u ‘ my,“ interested in

lic UPOB-IO! the promotion od this m’ l’ 91°36": Willwut considera- tion of its absolute neceadt should ‘I, l‘ cane. OurDominionon Provin- u“: lfurtdg 135d fiffyg-ngre $5155 “"1 Wvsrmnents should be en- dam“; with assets over one hund- fmeatgmgfvme l" 31°11’ bug; If‘? and seventy-eight million dol~ ma}; rgg‘?wmkhnwl‘gfi gézgtttitmbgililclllem:

' gecuriti right! W“ starts»... one available in our country, he said u“ to fit whmh wlgfiv? only recently experienced.

The steady growth of you,- oom- puly and the increasingly large number of Canadian citizens served by it have ssaln necessitated another increase in the facilities of Head Office. 'I‘hls ls the third addition to be made since the fggillll building was erecWd in

Itlslflrclyftomflicpmsent cornmodioils quarters to the finvt structure erected sixty years ago in i870. It was_ built at a cost o1.’ $6,000.00 and yet in relation to tot- 1:" asset? and lhfrllirflnflé in force

as arge as e one we pccsess today. Such has been the extent

what might be deemed the ultimate expansion of the Company and thus tying up much capital for a long period without immediate benefit or return. ‘The grounds at our disposal have permitted the pursuance of a rational building

MR. R. o. McCULlDCH lrogramrg Frheraby from time w me nee or e ensuing ten o“! Dmngdm h” b7 M meal“ years are taken care of by supple- "med i E “m” °‘ l" ¢°"°1°P' merlting existing recruited with the merit. Ii’ W6 0011141 b6 3518M 0f new “ML; harmonious m r hlbec. sane sound Government, limiting “m, with each other a‘ c our expenditures to our available Th}, addmon “mm. consuuctdm mgrgeit zg ma‘; budget :3‘: which is expected to be ready for n m“ P“ ° occupation on June 1st. next. will “m and “m” 1mm s°m° °f m‘ contain approximatel 47000 uare taxation which is crippling the 1m u no,” 5pm,, y n‘ wlfiq n

current bmne“ °’ m“ wmm’? up‘ only provide accommodation for _

gnhazglcn); ggf1b?'$g§'gt€rg§§§$i several departments which are at economv, through the working of present wmewhat crowded’ but " '8 naturalhcconomic forces, will adjust gfrgxggmthrfi: itfhgilxlegfstriénour re- itself to the changed world condi- "W5- tions Certainly with all our zvawasagellgg yotgtnkriefwis ma: "’

' ' <§ V fl 0 8n Cpa B e50 .‘.".?.l“§2..2$‘ lm"':s.°'.l:ii:- ‘Li? We v we with paw“ to hmnm,“ our national itlilstslatteégéonable levels and when rolvency bilt we cannot do this if mg“; L5 Wryrilotfvzon long term

we continue to anticipate the rev- enue to be derived from the future development of these resources by Transport Industry. I v Discussed

piling up an interest bearing debt- In t-he purchase of large blocks of Government securities, life in- surance companies. with other fi- nancial institutions, have been of great. assistance to public financ- ing. These securities have been nur- ohaseci on a yield basis lower than has existed for a great manv years. in fact it ls dou-btful whether in inv other period of the history ol’ _é__ grits (rivountryl, calpial could be ob- AN UVER, B_ 3,, Febi g5- ne as o eapy as now. ' t for action to s a - Already by methods tried ancl Qwpwmbu‘ y found efficient through the re- fundinlz of debt as it matures, the Dominion has reduced the rate of lmétestdrhkgorictl tdfilih on b; t u to 0H an n! n e ess B, , s ial represena ve approximately from 4.36 per cent $5 aestemvice-preaident. Oanad- in i932 to 3. 53 per cent. Not only “m. lquglonul Railways, before the ' trade toda . dec!lne as high coupon bonds issu °°-‘3{,° fir...“ the vyhole of our l" Drevlous years mature and are 80cm and business fabric. 0n

-refund9d attire current low rates. we right solution to a large ex-

I decry and deplore the claim of de ends the financial secur- tirrre who contend that our govern- '01 egg country," he said. merit def cits can only be prevent- Morm- transport was here to ed by arbitrarily cuttln the lnter- any and performed services which est rates on ubllc de . and the (m, m; be duplicated by me mil. abrozatlon our pledged word wgyg he addmltted. Its function coupled with a failure to even at- ‘hqwéygr, ghould be to provide rer- tempt to live within our National V1065 supplementary to and not 1000mm This is not the honorable competitive with railway service. Way. nor is it the one in which the ~11 we traced the real reason most odvuutcgeoll! 8011mm’! ""- for the diversion of traffic from nflwuy in highway we would find KNatcst be done to the u», gjmply a question of freight greatest number it the relations be- ‘my, Service would be secondary," tween debtor and creditor which e um have in the main moved not only "Apply to the trucking industry effective but reasonable are oer- the rule of uniform. fixed and mm“! u’ “nun” Wit-hm" "M" known rates available to all and mry interference, a an orderly u great deal of this problem will ldiustment of financial obligations b, wlved," ls arranged in accordance with con- "As iihe senior. vital trons-port tract terms- servlce of the country. r6111!!!"

Wmment immune u not dlf- had long been subject to govern- ‘emll- 1Y1 "@1016 1mm ml?» ‘>7 ment regulation. That same regu- municipali lea, corporations, d!‘ lotion, considered necessary in tns even individuals. As long as gov- public interest, today exposed the ernrnents continue to spend more nlllwayg to acute competition of than their revenue, and rely on highway transports lackini In!’

meet this ouch con

mblem. The first and para.- mbunt guestion which should be u byspros tlveborroweria Whm will the undo uired in "My the contemplated ocn be mg provincial highways there l: I secured?" If the loan is effected tremendous sum which is a dir- ‘mh W! qllflll-lflll illll-Mwflfld. ll» l8 cot subsidy to commercial users of the hi hwnvs." said Mr. Healy. Estima a of these annml deficis M”. If our oil-loans were to rangedlrom 50 to 100 rnlllion exercise the some vigilance over dollars. If’ the highway transport Government spending u some but. industry were assessed with its “nlvrtunatelyonly some, of them roper co t for the use of the do inwards the budget of the mu~ highway, t could not function on "lclbality in which they nay hap- itg present basis. Pm to live. I .. ‘ we wouki be Em sawing that royal com- ‘ 1°11! way on the road to the so- missions had fzund 111M; 601119 iutlon of our problem. sections of the highway tram- Imwt it is possible to retire om poi-r. industry imposed Ions howl wthout having to imue new of du and deplorable wax‘! stander on its employees, the aker said the situation was

in its stead is shown some mu- rilclpolitics which, donate their rc- mlvlnd in buephnve decreased their outstanding indcboodnen by filament of u much as one-third h 11h: lut five years. This mild Mm to be duo to the fact that xhen a municipality borrows. it is will required to make provision It the same time for the payment {if interest and the retirement of he loan by the levying of addition- llwm. It u mm uc to chars- gh-zatlon by the taxpayers in t one Ortunate municipalities that these 3011mm paid by the ‘h’ concern in seeing that m; delved 2mm nuch expen- Unfortunatelv our attitude to- m‘? ‘wémmw 013k spcnalngila di- . v ou ay n our

“mm”!!! by a__Govg-runent is

Born But Willi Razor: liauad Look-Jaw

N ‘. lie? Lflflg

often hilariously regpdgq u .

l WITI-l CAN

obtained through Canada's participation in the Glasgow Fair.

\_.. _ ‘__:“~_-, --». . 11xr—'— ,-.__,_ _

‘non. w. o.- nusn. MIIIMQP

- '___-: ._» of $00 “my on where death1 and

a ways are meeting conditions ln-evitable of readiustnlent. ened out," he conclud . WEST ROYALTY SCHOOL

Roll of West BA ituofDeoun

ted up with the_urgent_ problem . ___

A constructive programme for the future prosperity of the Dominion

g 0R1‘ TRADE

would he one that increases exports of Canadian products

EVIDENCE presented by the past score or more years, reveals

that prosperity in Canada ia insepnrably linked with export trade. When the volume of trade with other countries diminishes there in a corresponding downward trend in dome» tic business. When export trade is brisk-national prosperity likewise increases. The year 1939 and the years following

This is the year of the great World's Fair to be held in New York. Ii follows the 1938 Glasgow Exhibition which closed last October with a total attendance of over 12,500,000. Alien- dance of New York's World's-Fair has been estimated at various ‘figures from 100,000,000 up: but ii is safe lo say that probably the largest number of persons io ever visit a great exhibition 'wi11 attend the 1939 World's Fair. ;

The success of Canada's participation in last year's G1as~ govv Exhibition is admitted. This Exhibition displayed Canadian manufactured goods. While primary products only will be exhib- ited at the forthcoming "New York World's Fair, it is anticipated that the results, from the standpoint of attracting inveatnent and tourists, will be equal to or may oven surpass the results

run“.

The lowering of trade borders and the strengthening of trade rela- tionships resulting from the trade agreements which the United Kingdom and Canada have recently concluded with the United States are of great significance. They represent a call io greater

activity on our part u exporters. They represent a challenge to us to preserve the name "Canada" era's symbol of honourable enterprise, honest trading and trustworthy merchandise the whole world over. During this year-at the great exhibitions

l mentioned and in many other parts of the world as well-

miliiona of people will judge Canada and Canadians by what they learn of Canadian products and what they see of Canadian

~ 3. sterling Frlzzell. 2 Cilevie Hancock, Mlnlsm- Du IV

>1—fiU"

encouragement to

can be expected to react upon Canadian business in a similar

manner to which the put years have done. Then a programme

which fosters international trade is indeed a programme

of the moat constructive kind io increase employment and

improve the earning power of practically all occupations, hero in Canada.

I959 offers important opportunities for selling Canadian commodities abroad

England also invites Canada to display he: wares o! tho 1939 British Industries Fair, to be held in London and Birmingham early in the year. '

Meanwhile-the task of fostering export trade, shouldered '

in earnest by the Federal Department of Trade and Commerce years ago-goon on space. Trade Commissioner: an promot- ing goodwill between other countries and the people of Canada. They contact hundreds of persona abroad who are likely to be interested in purchasing Canadian commodities. Advertising la also employed to spread knowledge of-cnd increase demand for-the product: our Dominion has for ale. Through thou activities, trade connections have been established which havo brought many millions of dollars worth of new business to Canada. - '

New trade agreements are further Canadian exporters

business activities. Bright opportunities await the producer: and business-men of Canada, and Canada should be united in a hearty, cooperative effort to aid prosperity by increasing export trade. .

Anyone interested in the export of agricultural products, o! raw materials, semi-manufactured goods or fully manufactured products to any other country, is cordially invited lo write to the Department of Trade and Commerce for information.

The valuable data placed at your disposal will provide you with timely aid in establishing trade connections and learninq of possible markets. m.

DEPARTMENT or trim): ANIJC commence

._.._~____-_-_ l t: MacKinnon'-‘3TBei-ilira'Hurry~ non; i. Edward Dmioette; 8. vin- , c. ad VIII-l. Doris Plckardr 2 cent Gallant. l l mrgttoemlhm; 3.Billy Long.’ ‘Poachers-Dorothy n‘. Toombs, canada s Grade VII-l. Velma Burke; 2- Katherine MacKinnon.

Jean Fnfigeaggr ‘Lfmes Mmmm cram noun cnaax scuoor. A fiflggflfillg sum mdgrgémvir-nuner Blanchard, Grade

k Grade VI-l. Margaret Gates and Honor Rnli for January‘

J. G. PARMHEI, Deputy Mlnhhr

Doris Downe. Alfred McDonald, Donald. Bcbbv

l); 2. Mar ar- Gr d. 1.- i. Jame heated.- 1. __ _ smile Miilar. Down». Eleflmr Kaye Norma “-“‘é9’§»$§‘£>i‘_.“cuu»v- g a Hwlgfd‘ gflltlwx SM em, 2 dlgrrnflgrtai Idggt. a otcrllrllgrlndl. Gragifixli-ihiwéify gigging. gal "a. m... wtinv." . Thoma McLure. - Grade -- . nne J/JK . - 1938 wtaliedngiifizwigligflégtgzngé: fliggnpsan‘ . i t FlPr-———-fl srnAffiT Wm

River) in the House of Grade V—-Doris Kaye, Stephanie

4' Bu? Oéilgwgnll Madonna $511 113322. Bawxtod Th t d bt-—to McDonald Irving Praught

Arthur Ghowen; 3 ran a an . e —. , ; a ommons ay. e ne e - . - __Hm '

GGi-ardmdg lyAunr-lillmuififln- Florence Young ftfillrtxitgbégfté? dkefig $335M t0 Ur m§¥°i§§w§¥tT§§$ i(t}:ri'nn¥eoi"." may $911k gizteiruglgfir

or; 2. Francis Curley; 3. Ercilne and John Hancock (equal). I 101. 567,570. i m t_ Grade H1 (In-Marion Andrews, ‘sgmrday Y o“

Perfect, attendance for month. Interest on the gross l} raid sany Mqpumluu Donald McLean, wimuns 9_ an“ Wm Du (JrJ-l. Jean Rhvnes: Florence Young and James Han- bveagrinfijlctysra$béhmdeélllan§lnmcggiga» Ivan Mitchell, Noreen Smith. n_ Mum. m ma, plan =° - |' °°°"‘ mm", Mamem. mach. and ‘tsogiudsz paid outside this’ frfifi‘f_§x_,‘a’f°°‘“ld'“° 3'" W......__~_ _ u. _ coun ry. y

PNIII" W‘ “"55 Illa!“ - ~ n.1,... one...» expand. 1t h estimated the lnllmeql the mm of u. pool, his none and mall who In bell. “will: it to out h capable alum»; m pounds urn-nun the Intel, water entizcly. Aletholgh NW- IIWIIHI- mama-alum». _v___,___,_______,___ mun-um. y - '

MtiIiELZSCHOOIILWWTfldrc Grade

Honor standing oi’ Model School Vivian Andrews. for month of January. Alplrabet- Janet Ives. Bobby McGregor, Nor-

vdtchcr. Harold

‘Saved! The mun who came on near to