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lPRIL 16,___1935

‘PAGE EIGHT .Ta .1: Ra te

THE Cl-IARI.O’I‘TETOWN GUARDIAN — .-

property of a credit union shall be exempted from taxation for local and municipal purposes. Tiiis pro-

4

iiithliofllll ‘I «

the right. of the organization whichl asks for the bill. so far as the in-l teresta of those who are esklnl I01’

By-laws Given- .77tird Reading

By-laws fixing the tax rate on

real estate and personal property at two and one-quartei‘ per cent, pro- viuing for the time and. rate or ais- count, and "amending the by-law respecting trucxrnen received a third reading at a. special meeting of the City Council yesterday evening. uoun. Macbeocl, chairman of the finance committee, in presentins mt‘- cstimates at the regular meeting of the Councu on '.’tuesday night said that the heads of the different de- p.'.i'tments had gone very carefully out then had found that there was not a great deal that they COIN take from the expenditure. He ask- ed the heads of the departments to make every endeavour to live within their estimates. He then went on to announce the increase in the tax rate oi‘ one-quarter of one per cent. and pointed out that even with that increased revenue there was an es- timated deficit of over two lllllldfed dollars. At the present time an at- tempt was being made to collect or- rears in the taxes and he hoped. that a goodly portion would be collected. Couii. Chandler. who seconded the motion that the estimates be adop- ted, lflld the meeting that he great- ly regretted the iiecesity for in- creasing the tax rate. He had felt ver_v loathe at first to increase the rate but when he considered the mounting debt and the deficit whicii has been increasing year by year it seemed the only thing to do. It was done to prevent still greater increases in a few years time. Coun. Dougaii, also 9. member of the finance committee, said he too had been opposed to the tax in- crease at first but had seen it was the only thing to do when he had cuiisiclercd the matter. Coun. Foster said he considered the estimates fair, but he did not agree with the proposed tax in- crease. It would not be fair to the citizens that are paying their taxes. At present there are $125,000 of im- collected taxes. He felt that if a real effort had been made to collect back taxes there would have been enough to at least make revenue and expenditure meet. Increased taxes will mean that the Council will have more money at its dis- posal and will probably spend it more freely. He did not think, he said. that the Council should an- tagonize those who have been pay- ing their taxes. Also before the election he had told people who had asked him that he was not in favor of increased taxes. What effect, he asked, will increased taxes have on the proposed housing scheme which he uiiderswod was an almost assur- ed l)i‘O)ECL for Charlottetown? When the l)_\'-law fixing the tax rate came

The amendment was seconded by Coun. Vanlderstine, but was defea- ted when put to a vote.

Among the other resolutions pass- ed was one accepting the offer of the executors of the estate of the late Di‘. Jenkins to convey to the city ivithout cost sufficient land for a street forty feet wide along what is kiioivn as Brcwery Lane connect-

dinner Mayor Turner. chziirmitn of the general committee in nliarge of the campaign. presided. Reports of the

_—a—.—.

‘Ihll ecluul II leurvea for of local intcnu but

I cent: a word IAIVIIIOO.

CONFEDEELSTION LIFE INSUB. L~6'l98-'1-I2-312.

ANCE2.

POLICE COURT-—At the police court yesterday a summary eject. ment case was heard and judgment

given for the plaintiff. LEAVES FOB. BRANDON — Dr

zell M. Clark, who has been spend. ing part of her furlough from India in her native province of Prince Edward Island, left this morning on a visit to her brother, Dr. J. S. Clark and family in Brandon. Man. In October she plans to sail from Vancouver by the steamship Eh_npress of Canada on her return

itoba.

trip WILL RESIDE [N

that Mr

motor Monday. Mrs, Uormerly of Charlottetowm

Cha.rlottetown.)—Amherst. News,

Personals

Mr. Allan Mcliinls and Mr. and of Lynn, Mass, arrived in the city on Mon- day to attend the funeral of the

Mrs. Chester Garnh um

late Mrs. John Mclnnis. Mr. and Mrs.

ter months in Florida, l‘€tlll‘i'l€d to the city last night.

Mrs. Norman MCL. Ramsay, Ken- Slngton_ who has been spending the E35191‘ holidflys with relatives in the City, left this morning on a visit to Mr. and Mrs. Walton Toombs of New Wiltshire before returning to her I‘i0Ill(‘.

55 Per Cen-t Of Y.1W.C.A. Aim Attained

55 per cent of the Y, M. c. A35 financial campaign for $5.300 was attained the first day. it was an- nounced at the second campaign last night. His Worship

up for the second reading, Conn. .

Foster moved an amendment that £_‘.’:f,m“;lsd °fBt,_hedid1‘ffelr‘°“r‘ teams ibn

lllC1:x"Lb1[LLt- . L 8. _ vsos were su- 1 me E e 3 “'0 P“ can miticd. Chairman of the special

names committee. Mr. C. N. Bissett, gave a. report of his committee and Spoke briefly on the campaign men- tioning several points which he ad- viscd canvasscrs to keep in mind,

Mr. W. M. Rowe is cliairnian of

the “A" division and Mr. N. D. Mc- Lean chalmian of the 'B" division.

Team captains of the “A" divi-

urn ndverual-3 of n newly nature may be inserted II payable |l

LIVERPOOL -—Many will be interested to know . H D. Biden who was in Amherst for the Easter holidays. left to return to Liverpool by Blden.

who accompanied him, will remain for a. short while longer. While here Mr. Bfden rented his house to Mr_ G T Miedforth, lalso formerly of

Herbert Piatis, of Charlottetown. who spent the win-

ing Ycr.‘< Lane and Brighton Road.

Chn rlottetowii to be

discussed at the meeting was a sec- tion \\'lllCh proviried for the employ- ment of those on relief up°ii request by the city. It also asked that pen- nltics be provided if anyone receiv-

that time he was gaiiifully employ- cd. The work to be performed was not to interfere with services usu- fllly performcd by regularly employ- ed and paid for labor.

In connection with that section of tho bill Conn. McLeod announced that siiicc the city has been requir- ing that thcsc receiving relief should perform certain services there has been '72 families or over 500 persons that have gone off relief in the city. It \'-‘as duo. in his opinion. largely to the fact. that they had been re- qiiestccl in vvorlt.

Coun. Vanldcrstinc. in submitting hL<. report of the market, committee stated that the market was, not 1“.

1'.'l"19,,l'1,'li° are-as l‘€9:ntl.v.

BIRTHS

Kienzic, it son, Thomas Carlyle.

MURPI-lY—-At. St.

and Mrs. J. Mark a son.

DEATHS

St. E. C. Cemetery.

SIIARPE-—At Norboro, April

this (Thursday) evening at

I-esiden

5.-ard

._..~.....

Ainaiig the amendments to the Incorporation Act of the City of asked for at this session of the Legislature and

ing relief refused to work unless at

fcsiod with rats as was stated in an

.T.zrgi:izii._r.‘.Tnriiiyffliiri4‘ , 1936. to Mr. and Mrs. J. W. Mc- ,d'cmCll1g nunibcrs was held at the

V Michael's Hos- pital, Toronto. April 5. 1936, to Mr.

acci. —in this City. April 15, 1936’, James Kelly, aged 80 years. Funer. al from his late residence. is Kent street, Friday morning at 8.45 to Dunstan‘s Basilica, thence to

14. 1936. Maria L. Sharpe. aged '14. Fu- neral Thursday, April 16, at 1.30

Whcatley River Church on Friday. service starting at 2 o'clock. A

short funeral service will be held the

of Mr. Herman Ifeavyour, I 2! Bishop 5t., at 8 o'clock.

of Thanks

sion are: Messrs. C. H. Black, Dr. J. A. Clark. Col. U. G. Dawson, Harry Cudniorc. Cliff MacDonald. Harry Richardson and Claude Smith.

Captains in the “B" division are: Messrs. C. C. Thompson. E. E. Clawson, W. G. Hogg. T. G. Ives, J. T. McKee. J. A. Fraser and F. M. Stewart.

Mr. W. M. Roivc. chairman of the “A" division presented it prize to Mr. C. C. Thompson. as the cap- tain of the team which had real- ized the highest per cent of its ob- jcctivc.

Mr. N. E. Luck. secretary of the Y .M. C. A.. spoke briefly request- ing ail those taking part in the campaign to be present at. the third campaign dinner tonight, The cam- paign will continue today and to- morrow.

,Amateur liour ‘»,At The B.|.s.

An amateur hour ic.'iturl.g local talent in vocal. instrumental and

313. I. S. Hall last night following lthc rcgular mid-weck card game.

Tw:nty—flvc tables were keenly contested. The prize winners were: ladies first. Mrs. A. Atkins; second. Miss Helen Mcfnnis; gentleman's Iflrst. Mr. Fred Decostcz second, Mr. Cecil Coslcllq.

All the numbers by the amateurs were high class and received hcariy applause from the audience. the conclusion of the program Mr.

and was heartily were: Hnrmoncrrs. Messrs. Cccl

Murray. guitar, S. Kays. accordion

JAMES-LfUS'l‘AIID—-At the

M. Mclieod, M. A.. Mr. Mu Mustard oi’ Cardigan Heed.

UNDBITAKIB

Ch;-lotkhwllelld

M:

M. A. Campbell gave it spccialtv, a. comic song followed by H. (inncc cncored. The winners as decided by the audience

resi- dence of the officiating clergyman.

March 17th. mo'by the Rev. J.

Percy James of Midgeli, and Miss Jessie

_________________ N. D. MacLean-

g1

Legislative Assembly, April 15.

The House met at 3:15 p. in.

Mr. Stewart presented a petition from Harold L. Palmer and another praying for an Act to Amend the Act 42 Victoria Can 19, relating to the church of England in this Pro- vince. A bili in accord with the petition was received and read.

The Premier introduced an Act to provide for the inspection and en- roilment of stallions, which was re- ceived and read.

The Premier tabled the following statement from the Deputy Minister of Public Works: “In the statement of expenditure on Government House as per page 52 of the Public Accounts and page 73 of the Public Works Report, the amount shows as $2,301.68. Of this amount 51.- 26225 was for arrear accounts, and did not belong to the period during which Government House was oc- cupied by the present Governor. The following accounts make up the amount of arrears, namely: Bethune Hardware Co., $11.50; Maritime Electric Co. Ltd.. $51.50; Hon. F. R. Heartz, in lieu of rent for his own property for Government House from Sept. ii, 1924 to Nov. 5, 1930. $1,200."

On motion of the Premier, an Act "to regulate assistance for the re- cstablishnient of needy farmers and fishermcii" was read a first time.

RAILWAY TRACK SECTIONS

Mr. Jones moved. seconded by Ml’. Annear, that; the House resolve it- self into a committee of the whole House to take into consideration a proposed resolution with relation to the decision of the Canadian Na- tional Railways to lengthen the track sections of the Prince Edward Island division of the said Railways.

The House accordingly went into committee, with Mr. Acorn in the chair, on the following resolution: WHEREAS the Local Manage- ment of the Canadian National Railways has received notice that the track sections on the Island Division of the Canadian National Railways are to be lengthened. ef- fective May i, 1936. which will result in the demotion of thirteen fore- men.

“AND Vifl-IEREAS it is thought by local railwaymen that the pro- posecl sections are too long in most instances to be practicable under Prince Edward Island conditions where the railway runs oontinuously through cultivated farms which requires a. great amount of work ex- clusive of the track on fences, gates, crossings and culverts

“AND WHEREAS sections on the Island Division are away below standard at the present, mm; mm Tesard to ballast, ties. rails, snow fenccs, etc. and that lzreater dif- ficulties than clsewhcrc obtain on account of snow Cll‘lIf.S in numerous cuttings

"AND WHEREAS it has been considered that on some sections of track _four men are required for f‘i‘.(‘ll six miles of track and a reduc- tion of the men lo three or four to twelve miles of track may result in the ‘further slowing down of tram service which is now notoriously slow

“AND WHEREAS the Canadian National Railways provldgs no houses for scctionmcn to live in and °°"59QU1’1lUy the sectionmen have had to build houses of their own, it is considered a great hardship to dislocatc the section men from thw- homes

THEREFORE RESOLVED that this House of Assembly request that the order be not put into effect on May 1st, i936 but be deferred for Olle year until a study has been made of the peculiar conditions ex. isting on the Prince Edward wand Division of the Canadian National Railway.

M1" 3°“?-9 Cxlllfi-llled the purpose of the resolution as above oumned_

On motion of Mr. Hughes the words on account of such sub- standard conditions" was added to pagnlgraph

_ e re-so ution was it re without discussion. E ed to

CREDIT UNION SOCIETIES

On motion of Hon. Mr. McGuigan the House went into committee with ML Mustard In the chair on second Ftt;"i:ll‘lAg:Lof the Credit Union Socie-

Thil llroniotci' cx l l it-glslaf.iorr“was sogigtsiodxgtthnestuytlqjlfi Y-his Province and there was some ml5°°1‘|CEptioi*i with regard to ",5 .hIt has nothing to do wlm I 81 art or 'I'ownshcnd plans 1 or Social Credit. The purpose is . "°’' ‘0 Cllllllgc the social structure.

from the home of deceased. Inter- :::_::)n,Scr§m ,§'{'.‘,§1,ncJ{".m°:..pSt°3:;§' l:l;ll‘0II‘1‘c[et:i1)l,.:?pa::l:),’f,,°r,‘:','““1‘VY people is 5 min rfl id People‘ cem- , ' ‘ ' .. -*3 '1 - "Credit gtlglfily “ '~‘ 9 5 Miss Mary Mclnnis. soloist. Miss Union is defined in the 1,111 as , ' Vlcwrla Mclnnls. 5:9 dincln: and foéoperative Credit society organ- '—— Mr. Isadore Douoé' . 7.0 under the provisions {'11 A

BOWEN-At the Prince Edward symnm. progrnms Wm be comm for me mmmd o t is ct ed I - purpose of promot.

::.*:r*.. **.":.':.‘°*=.‘....°"....".:. 2.22:: in t:=:.:::.';“.~;:'.:::.l:

, . . - -‘~ “W-?—~——->7 _ 0 . in her 64th year. Funeral from MAm“AGl§-_ members at legitlmatcmritats foofrlht-S

wrest for pr vid purposes‘ 0 ent and productive

154 Prince Si... Charlottetown on

to mvmmfl l-l1l‘lIt and for

l

lei.ir:e.

members. no go. in! Itencies Ind,

Mr. Moaullnn dealt at canal‘ ablg the movement.

Much of our economic difficulties E.°.“:’.;.’€.§' =---a. Emma the VI‘? "lat we have ne- uud by 8 r! uc of thrift as pi-ac. Dunn” ofuro ore-fathers. It in the

radii. Union societies this reason aion ummmom Omit)-p;:i‘ou‘l,i: rfhceeive the

The Bocleticn c things as banks .00! vzdpurchar t organizations. Belem .,"°"c',?,',‘§ UIIIGI 08!! M IOHIIOC find’ Iron“ mil“ 5° °'i"“-‘M to educate the union in mlnllint its Mm money.

length with the navumgu or v-rticiauly vita Bee. on wovfdu out on personal

ature

In Committee

Railway Track—§t-actions Resolu- tion Passed», And Second Read- ing Given Credit Union And

Livestock M_e_i_1l<eting Bills.

"the everyday man."

erlca. The movement was

ing the legislation this year.

be able to "make good."

Unions could charge rates of interest.

set rate of interwt."

members either

loans to members exclusively

ive society or other having membership

paid up shares of

it unions: (e)

negotiable or transferable merits ;

or conducive to or

objects.”

memorandum of

registration, may form a union. The memorandum to be ex- ecuted shall state: “(a) The name and location of the proposed credit union with ‘Limited’ as the last word in its name; (b) The names and addresses of the subscribers to the memorandum and the number of shares subscribed by each; (c) The par value of the ShB.l’€S which shall not exceed ten dollars each." Sec. 21 provides that Credit Un- ions shall be under the supervision of a Registrar «the Deputy Provin- cial Secretary or other person ap- pointed by the Lt. Gove:nor-in-

der the direction of the Registrar.

for any loan endorsed by him.

member to the

court of competent jurisdiction."

other than members thereof.

also of special interest:

"34. Interest rates on

cent of its capital, deposits

deposits and

the consent of the Registrar."

loans -exclusively to its own mcm

officer or member of may borrow fro the credit uriio

cumulated

committees sitting

regard to fishermen. farmers, and It was not, he said. by any means a new movement. It had existed for at least 100 years but it was not until the beginning of the present cen- tury that it was introduced in Am-

introduced in Nova Sootia in 1932 and the present hill is practically a. copy of the N. 5. Credit Union Societies Act. New Brunswick is also adopt-

Under the Act the Government takes no responsibility for the fin- ancial success of the Credit Unions. That, Mr. Mcciuignn said. in up to the unions themselves, but judging by the results achieved elsewhere, if they follow the regulations laid down in the statute they should

I-Ion. Mr, Prowse asked if the their own

.1-Ion. Mr. Mccvuigan: "There is in

Sec. 13 of the bill authorizes the incorporation of Credit Unions for the following objects or purposes’ ta) To receive the savings of its as payment on shares or as deposits; (b) To make for provident or productive purposes; Io) To make loa.ns to a co-operat-

organization in the credit union; (d) To deposit in chartered banks in Canada and, to any extent which shall not exceed twenty-five per cent of its capital, invest in the building and loan associations and of other cred- To invest in any legal investments authorized by law for trust funds in the Province of Prince Edward Island; (I) To bor- row money aa hereinafter indicat- ed; fg) To draw, make, accept. en- dorse. discount, execute and issue promissory notes, bills of exchange, bills of lading, warrants. and other instru- (h) To do all such other acts and things as are incidental consequential upon the attainment of the above

Sec. 14 provides that any seven 0: more residents of the Province, by subscribing their names to a association and otherwise complying with the re- quirements of the Act in respect of credit

Council) to whom the unions shall report annually. They shall be ex- amined at least annually by or un-

Sec. 27 provides that the capital of a credit union shall it unlim- ited in amount and shall consist of the payments that have been made to it and subscribed by the several membe a thereon on shares. The credit imion shall have a lien on the shares and deposits of a member for any sum due to the credit union from said member or

Under Sec. 30 "all moneys pay- able by a member to a. credit union shall be a debt due from such a credit union and shall be recoverable as such in any

Sec. Iii provides that no credit union shall advance money by dis- count. loan or otherwise. to, nor accept deposits from, any person

The following other sections are

loans made by a credit union shall not exceed one per cent at month on

from any source in st total sum which shall not exceed fifty pot and surplus upon a resolution or the directors but for any amount over twenty-five per cent of its capital, surplus only after such resolution has been confirmed as provided in Section 85 of this Act, but in each case only with

“38. A credit union may make

bere. Security satisfactory in each case to the credit committee shall be required of all loans in excess of fifty dollars, to -which limit loans may be made without security oth- er than the note of the borrower. Loam must be for a provident or productive purpose and are made subject to the conditions contained in the rules. A borrower may repay his loan in whole or in part any day the office of the credit union is open for buelneu. No director. committee

in which he ho (is office in a total amount in excess of his holdings therein in shares. deposits and ac- ‘ unless approved

by the vote of two-thirds of the other members of the board of di- rectors. and credit and supervisory ‘ the

not being preeent taken."

deleted. The bill was reported agreed with smendinents.

ketlng Board Act.

The promoter explained that the organization has been operating successfully since 1933: all that is now asked is legal sanction.

Section 4 defines the purpose of the P. E. I. Livestock Marketlrig

all matters (bi The collection and dissemin- ation of knowledge in the methods