Prince
Rupert
Daily
News
Prince
Rupert
Daily
News
Thursday,
December
6,
1SS1
As
I
See
It
i
:
of
Die
above
Angle'
points
is
this
over-riding
consideration:
The
Liberal
party
managers
are
well
aware
that
no
government
In
Ottawa
is
likely
to
be
i
as
popular
in
1953
or
1954
as
it
i
is
will
be
early
in
1952.
The
vast
winter
re-annaniciit
'
program
is
just
getting
started.
for
there
is
precious
little
difference
between
ratepaying
and
taxpaying.
With
municipal
affairs
becoming
more
aroused,
it
might
bvi
thought
ratepayers
would
have
plenty
of
queries
just
now.
But.
apparently,
not.
The
organization
has
been
silent,
if
not
dead,
for
years
and
years.
ray..
Reflects
and
Reminisces
L..
OH
Elmore
dependent
daily
newspaper
devoted
to
the
upbuilding
of
Prince
Rupert
and
Northern
and
Central
Britith
Columbia.
liniHT
or
Canadian
Drcss
--
Audit
Bureau
of
Circulations
Canadian
Dally
Newspaper
Association.
IlUNXHlt,
Managing
Editor:
H.
G.
PERRY,
Managing
Director
SUBSCRIPTION
RATES:
.
l-.rrHT,
per
wvik,
k;
per
month,
75c;
per
year,
.
.
fT
ENVIRONMENT?
Who
will
be
the
naval
head
by
mull,
per
month.
7.r.c;
per
year,
$8.00.
SoS
I
Published
every
afternoon
except
Sunday
by
for
the
United
Nations
British
It
has
already
caused
prices
to
rise
to
the
point
where
more
and
more
businesses
are
being
hurt,
because
ordinary
families
simply
cannot
buy
the
tame
volume
of
gms
that
they
used
to
buy.
Even
in
such
vital
nece.-iiities
as
milk
tor
cnildreu,
mast
families
have
felt
forced
to
cut
down.
As
Prince
Rupert
changes,
as
more
of
the
old
timers
die
or
move
away
and
as
more
new
faces
are
seen
on
the
streets,
pioneer
publicity
books
are'
becoming
fewer.
Once
they-
could
be
had
for
the
asking
but
it's
not
,iit
Rupert
Daily
News
Ltd.,
3rd
Avenue,
Prince
Rupert.
or
Yankee
Is
being
asked
again
It
appears
to
be
a
touchy
issue
in
Mcrrie
England.
One
man
agrees
the
logical
choice
should
Bigger
Pie
be
a
Britisher.
Born
and
bred!
'
.
Vril
T.Z
oe
u
t
1
sion
of
one
will
mean
you
have
have
something
that
grows
in
yalue
as
it
becomes
older.
X
are
by
nature
conservative.
Karly
in
life
they
tend
to
become
set
in
their
ways
and
,.i
tlw,
f.A
u
.i:v:....u
i
.
i
U
r
n-v
tinu
wicjr
imu
11
uuiH-uii
to
cnaniju.
We
are
learning
the
hard
way
1
within
sound
of
the
sea,
it's
this
that
Hitler's
slogan
"guns
be-
'
fact
thai,
naturally
makes
him
fore
butter"
is
a
stern
reality,
j
best.
An
American
couldn't
be.
Until
the
people
of
the
world
no
matter
what
his
admitted
are
able
to
persuade
their
gov-j
ability,
or
wealth
of
his
country,
ernmenls
to
set
up
a
world
or-'he
couldn't
be,
because
he
was
ganization
which
will
have
legal
Ix
n
and
bred
in
Nebraska.
How
power
to
any
country
to
build
about
laising
sea
gulls
there?
up
more
than
a
fixed
amount
of
j
!
armed
force
armament
races
T1(.rc
,ls,,d
t(J
bc
whaL
was
will
continue
to
blight
the
living;
called
a
Ratepayers'
Association
Election
in
1!),"2?
THE
PRIME
Minister
of
-
Canada
is
said
to
have
told
the
Liberal
party
caucus
that
there
is
no
reason
to
expect
an
election
in
1952.
John
Diefenbaker
has
told
a
Quebec
audience
there
will
surely
be
an
election
in
1052.
There
'you
have
it
take
your
choice.
IT
WOULD
be
remembered
that
the
Briton
Prime
Minister
also
denied
the
intention
to
call
the
1951
election,
until
he
actually
did
it.
Political
history
It
is
only
too
true
that
civilian
defence
is
something
people
in
Prince
Rupert
are
indifferent
about.
If
not
they
appear
to
be,
or
else
are
depending
on
revolvers
small
boys
carry
in
their
belts.
C0IHU1101LS
OI
me
people.
in
Pnr
P,
inert
hi,t
wMhnr
,,r
ionizations
behave
in
a
remarkably
similar
fash-
They
are
formed
under
certain
conditions
for
purpose
of
achieving
specific
ends
and
are
slow
rjt'lianue
even
when
the
conditions
have
changed.
I
Lahor
organizations,
for
instance,
were
formed
,,.i
ve
the
worker.
To
that
end
they
strove
to
aire
higher
wages,
better
working
conditions,
li
ter
hours
and
so
on.
Unemployment
was
always
I
i
ioiis
threat
and
various
measures
were
adopted
not
it
still
exists
appears
uncer
WHILE
THE
Liberal
party
may
tain.
One
can
recall
when
there
want
a
general
election
next:W,,rail..sirtm.ml,or,1,in
j
C
8
E
D
F
0
0
S
S
vn'
fA
m
ZB&lm
STIM,
A
SMALL
TOWN
Complaints
of
the
danger
telt
in
crossing
the
avenue,
at
Second
and
Second
Street,
on
foot,
continue
to
be
heard.
People
are
yew,
for
reason
oi
party
ex-1
lar
meetings
and
live
interest
In
petliency,
I
do
not
believe
thai,
whatever
the
deliberations
were
the
people
of
Canada
do.
1
That's
the
way
it
ought
to
be
There
is
no
reason
why
the
shows
that
our
political
parties
present
government
cannot
serve
,e
with
it.
One
method
was
to
spread
out
em-
can
elections
when
it
suits
the
,
..
,
,,
,,-,
thins
but
efficient,
Cnmnarerl
saying
the
city
ought
to
take
iMlielil
aim
create
inuie
uy
iiiiuuing
mui-
some
action
that
would
reduce
ri.sk.
For
it's
there
,and
not
be
iPaity
in
power-and
not
Just
Ls
liU,
re'as()n
believe
h
Britain's,
for
instance,
it
ThJ
L
i1
.
nCCef'H-
that
an
election
In
1952
would
U
ludicrously
wasteful
of
time.
'h,,
n,inetat
sT;ral,s)8ns,wh,h
give
Canada
a
parliament
or)
The
difference
is
that
in
Can-Z.l
f
lian
election
gove.,lment
str0Ilger,
or
better
la
most
of
the
speeches
are
sooner
t
than
necessary.
They
are:
Wct
the
difficulties!
made
only.tor
reasons
of
party
coming
any
less.
Yet
what
does
Rupert
know
ibout
traffic
Jams
and
tangles?
CANADA'S
WORLD
ROLE
PRESENTS
CHALLENGE,
SAYS
B.
C.
GARDNER
Bank
of
Montreal
President
Warns
Against
Danger
Of
Further
Inflation
Sees
Need
for
Savings,
:
Productivity,
Intelligent
Realism
i.
ineiu
win
oe
a
nuge
surpiu.i
than
the
one
wr.
hnve
wanare
'
ill
the
present
fiscal
year,
mak-1
;nal
production
and
shortening
the
hours
of
labor.
jlay
unemployment
is
not
a
serious
problem.
The
latest
need
now
is
maximum
production.
1
Hubert
Waithman,
Washington
correspondent
he
British
News-Chronicle,
had
some
interesting
.
incuts
on
this
subject
in
a
recent
dispatch.
He
I
..(...1
ft,..
if
ti'.ia
inrii-riA
nrlt
U
,
.
..It...
.,-,
1
FARM
LANDS
FOR
SALE
NEAR
PRINCE
GEORGE
ing
generous
tax
reductions
pos-
CANADIANS
HAVE
far
too
many
sible
in
the
budget
which
will
elections
in
all
fields.
Far
too
come
next
April.
much
ot
lne
Ume
and
energy
I
2.
The
$40
at
age
70
pensions
of
the
nation
is
taken
up
wiin
I
will
make
Uie
government
popu-
purely
partizan
strite,
which
has
!
lar.
So
will
the
increase
in
the
very
liiUc
to
do'
with
the
actual
j
war
service
pensions.
It
is
a
necessities
of
democracy,
foregone
conclusion
that
War;
Here
is
a
curious
paradox:
bc
raised
in
the
next
few
months.
Canada
has
won
a
good
rep-
i
be
raised
intne
next
few
months,
utation
among
the
nations
as
3.
Mr.
St.
Laurent
is
said
to
being
a
country
which
is
well
ii...
:
:i
i
it.
..i
(iOKIM)N'
BAM.,
GENERAL
MANAGER.
REPORTS
INCREASE
IN
DEMAND
FOR
ALL
BANK
SERVICE'S
ASSETS,
DEPOSITS,
LOANS
BREAK
RECORDS
Biinuiieiit
in
uic
American
capital
mat
none
oi
British
unions
whose
representatives
had
toured
United
States
as
members
of
productivity
teams
proposed
a
single
resolution
at
the
last
Trades
mi
Congress
urging
an
increase
in
production,
conclusion
drawn
from
this,
he
went
on,
was
be
adamant
in
his
determination
j
and
sensibly
governed.
At
into
retire
in
1952.
Hence
the
ne
1
ternationai
gatherings
Canadi-Libcrat
Ivader,
chosen
by
the
'
wis
are
nearly
always
considered
party
convention,
could
appeal
to
be
level-headed,
fair,
moder-immediately
to
the
people
or
the
ate.
Canada
almost
always
gets
nation
to
"ratify"
the
choice
of
selected
to
act
on
peace-making
the
party.
j
committees
at
UN
and
else-
j
where.
MORE
IMPORTANT
than
any
But
our
parliament
is
any-
is
although
some
British
labor
leaders
are
aware
The
march
Of
events
"is
hurrying
this
country
along
a
pathway
of
development
which
otherwise
might
have
taken
a
longer
time
to
traverse,"
B.
C.
Gardner,
M.C.,
president
of
the
Bank
o
Montreal,
told
shareholders
at
their
134th
annual
meeting
today.
Canadians
would
do
well
to
think
of
the
challenging
aspects
of
these
"dynamic
forces,"
he
said,
in
view
of
the
danger
that,
"with
more
insistent
demands
on
our
output
than
can
readily
be
met,"
there
was
a
"very
real''
possibility
of
further
inflation,
A
new
high
in
B
of
M
year-end
,
assets,
$2,222,000,000.
was
report-
The
country
had
great
resources,
ed
by
Gordon
R
Ball,
general
but
they
co'ild
be
converted
into
manager.
Deposits
also
stood
at
wealth
only
through
the
efforts
a
record
peak,
$2,085,000,000,
and
of
"a
working
force
of
less
than
the
number
of
deposit
accounts
five
and
a
half
million
people."
increased
to
a
new
all-time
level
j
"...
We
stand
at
present
in
1.873,519.
Provision
for
taxes
need
of
a
great
re-emphasis
on
a-s
$5,001,000,
while
$4,320,000
the
place
and
value
of
saving
had
been
paid
in
dividends.
A
as
a
force
on
the
side
of
stabH-
ft
he
need
for
a
policy
of
stepped-up
production,
rank
and
file
prefer
"the
mixture
as
before:"
X
is
to
say,
they
believe
that
"salvation
is
to
be
l:1
it
in
restriction
of
profits
or
in
price
control
in
other
old
doctrines
of
the
bygone
days."
Mr.
.itlnnan
proceeds:
"This
reasoning
the
Americans
do
not
understand.
It
urns
to
them
that
when
a
lot
of
people
want
a
bigger
slice
!
pie
the
right
procedure
is
not
to
try
to
find
a
different
ALDERMAN
H.S.WHMEN
FOR
MAYOR
In
asking
for
your
support
as
Mayoralty
candidate,
I
am
going
to
lay
my
cards
on
the
table.
If
eVctcd
as
Mayor
I
am
I
transfer
of
$3,000,000
to
the
Re-
1
ity,"
Mr.
Gardner
said.
National
iav
l
nil
unt;
up
me
pic,
oui
io
Dane
a
Digger
one.
serve
Fund
increased
it
to
$51,-!
policies,
he
felt,
should
recognize
000
000.
!
f
ullv
that
saving
must
be
made
Current
loans
and
discounts
in"
worthwhile.
Despite
breath-talc-Canada
amounted
to
$558
mil-
ing
advances
in
technology,
work
lions,
compared
with
$480
mil-
and
thrift
have
lust
none
ol
their
Hons
a
year
ago,
Mr.
Ball
said,
validity.
"Now,
as
alwavs,;
secur-"TIHs
Increase
occurred
mainly
ity
and
welfare
are
not
free
lor
In
the
early
months
of
our
fiscal
the
taking,
but
the
rewards
of
year
before
the
change
in
na-
constructive
effort
and
iiitelli-
As
a
result
of
the
visit
to
America
reports
were
:.tUm
jointly
by
British
employees
and.
employ-
l
TIu'v'iigiveiT
that
production'
could
be
substa'n--
i
tlonai
monetary
policy
besan
to---gent
realism.'
take
euect.
!lv
increased
in
Britain
and
that
such
increase
General
Manager's
Address
Progress
Plus
Problems
In
reviewing
the
B
of
M's
year.
Summing
up
1951
economic
Mr.
Bail
emphasized
the
further
trends
in
Canada,
Mr.
Gardner
increase
in
the
number
of
bank-said
that,
while
business
activity
,
ing
transactions
in
all
categories
continued
at
"a
very
high
1
ies.
"It
costs
money
to
handle
going
to
run
the
job.
The
job
will
not,
run
me.
With
so
many
vital
projects
to
accomplish,
I
will
expect
co-operation
from
the
Council
you
will
elect,
and
other
civic
employees.
I
will
name
the
commutes
with
a
view
to
getting
the
best
results,
and
may
change
them
at
any
time
during
the
year.
I
want
it
clearly
understood
that
I
don't
want
'to
be
just
"Chief
Magistiate."
Results
arc
what'I
will
be
interested
in,
and
if
they
can't,
be
accom-plishvd
through
co-operation
with
each
and
everyone,
I
will
certainly
advise
the
people
what
steps
should
bc
taken.
money,"
he
said,
"and
we
have
level,"
the
whole
picture
"has
during
the
year
been
obliged
to
revise
upwards
some
of
our
loan
rates,
as
well
as
certain
of
our
fil(l
help
materially
to
solve
her
present
diffi-
Jiil'S.
.
I
Yet
the
leaders
who
helped
to
draft
these
re-:OHs
failed
to
bring
their
conclusions
to
the
attention
of
the
Trades
Union
Congress.
It
is
our
belief
lit
the
heads
of
the
trades
union
movement
in
'itain
and
elsewhere
are
shortsighted
in
not
tihasi,ing
the
changes
which
have
taken
place
in
li
.
1.
,1
I
1
1
1
i-.,l.
lUn
4-....1.
been
complicated
by
the
distortions
of
an
inflationary
trend,
and,
in
some
measure,
by
the
steps
taken
to
combat
the
trend
j
commission
and
service
charges
Aw-
A.
V
S-5teWff
tilt9
S
J'ii
itsclt.
wneie
11.
was
apparent
mai
cosis
Due
to
official
deviation
from
'
liaci
.already
outrun
the
remun-an
easy-money
policy,
he
con-1
eration
received
lor
handling
the
business."
tinued,
a
"more
reahstic
in
iiiistry.
it
is
iney
wno
snouiti
unuei
ume
uie
wmv
convincing
the
rank
and
file
and
whatever
may
Mr.
Ball
stated
that
a
substantial
part
of
the
bank's
program
of
new
construction,
alterations
and
improvements,
deferred
during
the
war
years,
had
now
been
completed.
While
the
bank
has
teiest-rate
structure1
now
existed,
permitting
the
price
of
money
to
begin
to
exercise
"its
traditional
stabilizing
function."
The
government's
emergency
credit
restrictions,
although
irk
u1
lit'on
the
case
in
the
past
the
need
at
this
time
for
......
maximum
production.
From
such
a
policy
i
tl
:
to
some,
had
had
to
undertake
certain,
new
If
you,
the
electors,
arc
willing
to
elect
me
on
these
terms.
I
will
try
to
accomplish
some
of
Hie
vital
projects.
Otherwise
I
WILL
TELL
YOU
NOW,
I
DON
T
WANT
THE
JOB.
I
have
seen
too
much
time
wasted
in
committees
and
Council,
to
take
on
the
job,
without
slating
my
feelings
publicly.
some
or
worse-been
met
with
a
gratifying
projects
of
an
absolutely
essen-
'i
n
ini
u
me
ni
imrf.ip
u'orKer.
neneius.
n
iiinuics
f
t
there
will
lie
a
bigger
pie
to
share
and
tbere-
These
lands
have
been
owned
many
years
end
are
now
offered
as
real
good
purchases
at
less
than
cost
years
ago.
Lot
1
The
N.W.
Va
of
D.L
1952.
Comprising
160
acres
of
Tabor
Creek,
about
1
2
miles
south
of
Prince
George;
half
mile
in
from
the
main
Vancouver
highway.
Farms
all
around
it.
Tabor
Creek
runs
right
through
the
property.
Much
of
the
land
is
rich
creek
bottom
land
with
small
willow
growh.
There
is
a
gravelled
road,
the
Buckhorn
Lake
road
on
is
southern
line,
and
land
near
the
road
is
covered
with
good
timber.
On
the
northern
bench
land
there
is
only
light
timber.
This
land
is
surrounded
with
good
farms,
adjoins,
the
Schlitt
farm
at
the
Tabor
Creek
bridge
on
highway
.
Only
about
2
miles
from
PGE.
It
is
a
bargain
at
this
.....
...
price
as
a
farm
to
develop
or
as
a
speculation
for
good
farm
lands
near
to
Prince
George
are
scarce.
Price
$10.00
an
acre,
or
$1,500
cash.
Clear
title,
taxes
paid.
Lot
2
80
acres
of
fine
farm
land
right
on
highway,
Y2
mile
from
Tabor
Creek
bridge.
Easy
cleared.
Very
light
willow
and
poplar
growrh.f
Price
$10.00
per
acre,
or
cash
$750.00.
South
i2
of
N.W.
Va
D.L
1959.
Lot
3
This
is
a
lovely
plot
of
land,
comprising
146.51
acres
with
half
mile
lake
frontage
on
Tabor
Creek
famous
for
its
fishing.
It
has
southern
exposure.
Natural
park
like
land,
only
8
miles
from
the
fast
growing
city
of
Prince
George,
about
4
miles
from
airport
and
on
the
Giscombe
highway
or
rather
there
is
half
mile
road
leading
to
farm
and
its
lake
frontage
from
the
highway.
About
14
acres
have
been
cullivaied
but
neglected
past
few
years.
But
these
acres
are
in
grass
and
neighbours'
cattle
graze
freely
thereon.
And
people
take
advantage
of
owner's
indulgence
by
using
this
property
for
camping
and
fishing
and
picnics.
The
whole
Vz
mile
lake
frontage
has
a
gentle
natural
terraced
slope
to
the
lake
where
fishing
and
swimming
are
enjoyed.
This
property
could
produce
9
good
living
for
one
hiring
out
boats.
It
is
well
situated
as
a
farm,
or
as
a
motor
court,
lodge,
hotel,
fishing
resort,
dude
ranch
or
for
country
estate
or
home.
There
is
a
good
well
with
splendid
water
though
now
neglected
and
a
small
creek.
Plenty
of
timber
scattered
around
the
property
for
buildings,
fences
and
firewood.
Only
15
s
minutes'
car
drive
from
the
city,
driving
right
on
the
lake
frontage.
Many
trails
on
the
property.
There
is
no
other
such
lake
property
so
close
to
the
city
possess
.
ing
so
many
advantageous
features.
Price
is
$6,700.
A
mortgage
can
be
arranged
for
$4,000
if
required
at
6'.
But
having
left
Prince
George
and
owing
to
ill
health
will
sell
for
$6,500
cash.
Clear
title.
Taxes
all
paid.
Fr.
N2
of
D.L.
2172.
146.51
acres.
H.
G.
T.
PERRY
(owner)
co
Daily
News,
Prince
Rupert,
or
at
present
at
190
King
George
Terrace,
Vicono.
'
or
PRINCE
GEORGE
AGENCIES
(local
aqent)
PRINCE
GEORGE,
B.C.
understanding"
on
the
part
ot
"'M
nature,
these
are
all
"con-B
ot
M
customers.
!
sidered
in
the
light
of
the
prior
Where
major
difficulties
were
11pis
of
defence
production."
being
experienced,
the
president1
.Tnf
general
manager
express-felt
they
were,
in
the
main,
the
e'1
P'cS?"ret
'he,
record
total
consequences
of
the.psychologi-
of
"
shareholders
at
the
cal
response
to
the
BUdden
ad-
year-end.
We
are
glad
to
see,"
vent
01
the
Korean
crisis.
"A
,f!
;s.ald-
a
w,dcr
participation
situation
such
as
we
had
in
the
bY
the
Pllbuc
,fhe
uwner.ihip
sernnri
hulf
of
11)50
with
xhamlv
1
01
tmi'
Shares
...
i'
more
for
everybody.
Nobody
will
(iiestion
the
right,
even
the
duty,
union
leaders
to
insist
that
the
worker
get
bis
tlulwi(rttamt
rising
prices
and
widespread
fear
Reasoned
Confidence
ot
shortages,
naturally
encour
Mr
Ball
noted
that,
amid
the
ages
over-buying
and
a
tendency
attj
ikslmenls
and
uncertainties
i
-nnrM
t
sp
share
of
the
proceeds
of
increased
production.
'I'l'i'd
there
would
be
much
more
public
sympathy
f
l
support
for
the
legitimate
demands
of
the
I'l'Mis
if
they
came
out
strongly
for
a
policy
of
,,(,,ling
up
productivity
to
optimum
levels.
Along
i'sc
lines
there
is
an
opening
for
Canadian
labor
i'K'fs
to
give
a
demonstration
of
enlightened
'luleiship.
Western
Producer.
""
"'
"
w
j.miuc
ot
the
past
year,
there
hart
been
Such
a
condition,
however,,
in-
mMy
sInillcant
tendency"
evitablyf
builds
up
its
own
cor-
01
lhe
part
0l
businessmen
to
rertives.
;
make
long-term
plans
with
a
These
readjustments
had.
he
confidence
in
the
Canadian
out-.said.
been
taking
place
in
recent
Iook
born
on
B
reasoned
Vin-munths,
and
while
they
might
1
praljjal
of
the
logi(.
or
evenU
bc
in
part
the
consequences
of
1
.
dlsrussmL,
Pxt(.ln.,i
,r!iri
deliberate
anti-inflationary,
pol-
JnZ)ilJ,:
5)i
r!jtlure
f-aiSaye
for
Judaij
"Kverythlng
shall
live
Whither
the
river
coincth."
Ezck.
47:0.
7
Vote
os
you
like,
But
VOTE
1
mSL
-wmm
aa.
r3
CHRISTMAS
M&m,
RECORDS
if
icy.
they
were
al.so,
in
large
measure,
the
inevitable
reaction
from
over-buying.
National
Future
Bright
"One
may
safely
forecast
a
brilliant
long-range
future
for
Canada,"
Mr.
Gardner
said.
".
.
.
In
a
desperately
uneasy
world,
in
which
the
shadows
of
communism
and
turbulent
nationalism
do
not
grow
less,
the
march
of
events
is
hurrying
this
country
along
a
pathway
of
development
which
otherwise
might
have,
taken
a
longer
time
to
traverse."
But
Canadians
should
see
not
only
the
opportunity
but
the
challenge,
he
stated.
In
the
immediate
future,
the
proportion
of
national
output
devoted
to
defence
production
and
to
the
building
of
industrial
plant
and
equipment
seemed
likely
to
be
increased.
All
this,
added
to
a
"natural
urge"
for
bettering
living-standards
and
extending
social
services,
resulted
In
a
danger
ot
"more
insistent
demands
on
our
output
than
can
readily
be
met."
If
this
Is
so,
"the
possibility
or
further
inflationary
pressure
is
still
very
real."
Analyzing
powerful
long-term
influences
which
were
"tending
gradually
to
undermine
the
y
.
h
m--
t
ilk
ence
of
a
sizable
deficit
on
current
account
transactions.
"Exports
have
been
running
well
ahead
of
last
year.
But
Imports,
particularly
from
the
United
States,
have
been
rising"
even
more
rapidly,
reflecting
a
high
level
of
Canadian
business
activity,
vigorous
industrial
expan-'
sion
and
the
increasing
momentum
of
the
defence
program.
However.
"Canada's
reserves
of
gold
and
U.S.
dollars
have
declined
onlv
moderately,"
because
most
of
the
adverse
"balance
of
trade
was
financed
by
an
inflow
of
capital
into
Canada.
Mentioning
again
the
great
activity
of
the
past
year,
in
all
departments
of
the
bank,
Mr.
Ball
said,
"I
cannot
find
words
to
express
adequately
my
appreciation
of
the
services
rendered
by
our
staff
at
all
levels,
both
In
meeting
these
problems
and
in
carrying
on
the
day-to-day
Uvsk
of
providing
constantly
expanding
services
at
a
high
level
of
efficiency."
Referring
to
the
welfare
of
he
staffr
the
general
manager
noted
that
the
bank
was
endeavouring
to
meet
the
continued
increase
In
the
cost
of
living
by
the
payment
of
monthly
cdst-of
living
bonuses.
He
nlso
reported
an
increased
schedule
of
insurance
under
the
Group
Life
.Insurance
Policy,
and
greater
benefits
under
the
Group
Accident
and
Sickness
Policy.
All
popular
Albums,
Ding
Crosby,
etc.
Milady
(jIurnl
NnikiiiR
arp
the
finest
uuder
llie
8un,
au)
in
all
the
emhaiitiup
rolnrtu
of
the
riiinltow.
Itriuhlrit
up
your
tuealH
nut!
liurlien
with
tin-He
t-ohrfuI
iiupklun.
They
etave
u
luueli
Hauhiog
aud
you'll
Uud
the
triee
junt
perfecl
for
any
btid-rt.
ert
Radio
&
Electric
Hup
.nia,,-i,lS,jJiS(SiJllS,a,s,i,Aj,s,j,4)aii1s,3ij,i,,i..i..i.?
'j
I
N
l;tt
mw
MN,;,:M,-NT
.
.
In
ilt
tf
Taste
Aluuy
I
value
of
the
dollar,"
the
presi
SAVOY
HOTEL
(tiiuo
Riiiw.iIV
...!.,
...l..itt
rtkitnis
with
liuih
Ul......
Itli
tf
dent
commenced
upon
me
danger
of
the
assumption
that
"all
of
us
can
have
more
and
more
by
doing
less
and
less
to
get
it."
miicci
X
iiuiiu
at