Octobet v, 1919. phursday, _ ae RANK CLEARIN 1RE ON INCREASE Expansion Asserting dian Business Far markable jf—Cana nee Outgrows Pre-War Standards. yonth by month this year's vd of bank clearings has ex- cad the same month of last ve and 1918 was @ record year canadian business, when we op heavily enwaged in extremely ce porders and were blessed “4 a production from field, aoe ia and factory. Niqeteen-nineteen's bank clear- which are a reliable index ; ness being done in the “iw should reach fifteen ' ror two-thirds of the es obtainable show thinnest shade under fhe Dus the - wt {otal the hillions somparison month by month 4) jast year is here given. The os for the sake of brevity, press millions only: Month 1918 1919 January 1.022 1.193 February 838 1.008 merch ...... OOD ~ Saame April . 1.496 «8.888 es sob vice sess Ce y . $498 1.410 ausust ..... $078 See eptember ... 1.042 4 se wloper «eee 1.373 vembe . 1.433 yecember . 1.515 Total .$13.776 89.996 tun the eye across these nthly figures and a continuous ansion in Canadian business ved, Also that the Vietory (919 will be a wonderful ess if each man and women : a Canadian’s share in buy- the bonds. ank clearing records show t in 1909 the total clearings $5,204,957,530, only a third this year's estimated totals. the best year before the war, 3, the clearings were $9,275,- {i4. This country will never on a pre-war footing. Busi- is outgrown the old stand- HT-HOUR DAY WIN HOLLAND Unanimously Passed by the Legislature at Capital of Nethoriands. Li Hague, October 8.—The ‘-hour day is now an accom- led fact in this country, The eiment bill passed the legis- He almost without opposition, “ing for an eight-hour day -hour week in the factories, 8s and offices, telegraphs and ‘hes are excluded from the be Of the measure. ‘ other bills will be intre- “ Ole limiting dock laber to vurs and the other estab- ‘*€ an eight-hour day for ultural laborers in winter in summer, except ‘t Weeks when men and ne : ee be allowed to work | *e hours, PLOYMENT AGENTS CO OUT OF BUSINESS 1 private 1 ten hours harve fre ciployment agencies rating in British Columbia will | , — business on Novem-' te that date provineial | a ‘t Dureaus located in| nn provinee will look | oor orkers, who will not! ao ang lee for the service > radi Will thus be put pd aa ’xploitation that te any thousands of * yearly from the loggers h { Olumbia, MENSE RAFT OF NORTHERN B.C. LOGS Phe largest dled in Br Med up las Queen ¢ he fd to the Wy aa 0c Britis Davis raft ever itish Columbia was t month at Atli In. ‘ srlotte Islands, and ., Wanson Bay plant lalen Puly @ Paper Co "8, 85 feet wide, 000 ‘ta end Contained t. Bee ane ‘ard measure, ef , previnve, rhe largest Davia bono we Y handled held 4, “!9 feet lo ° deep Dirella ee . Corpse : k 257. Or liere, Phene THE DAILY NEWS —— os - The Why é o Another ~Victory Loan HEN, on the morning of November 11th, 1918, the guns were hushed and glad tidings flashed across the world, there followed with the Nation’s Prayer of Thanksgiving, one yearning query, which found echo in the faster beating hearts of wives, mothers, fathers, brothers, sisters and sweethearts. That query was, “How soon will our boy be home?” And, from France and Flanders, from Italy and Egypt, from Palestine and from far-off Siberia, there came an answering echo, “ How soon, how soon, may we go home?” CANADA caught the spirit of these longings, and at once resolved to satisfy them. It was an appalling task. Shipping was tragically scarce. The composition of the Army of Occupation had not then been settled. And other parts of the Empire as well as Canada were looking for the speedy return of their men. "THE problem was this. The half-million men that Canada had overseas had taken more than four years to transport to the field of battle. To bring them home in a few months was a gigantic undertaking—one to tax all Canada’s ingenuity and resources. Canada solved the problem, but it meant crowding into a few short months, an expense for demobilization which it was impossible to foresee. "THEN, too, besides the sentimental aspect of the necessity for bringing the mem home quickly the economic side could not be overlooked. That was, to transform efficiently and speedily the nation’s army of fighters into a national army of workers. + > Need The answer to the question “Why does Di id Canada need another Victory Loan?” divides ivi es itself into two parts. Itself in (a) To finish paying the expenses of demobil- Two Parts ization, and the obligations we still owe to our soldiers. (b) To provide national working capital. + + + + Obligation g The obligations to soldiers include: : That already incurred cost of bringing home to Soldiers — ¢..ops from o ' The payment of all solders still undemobilized. This includes more than 20,000 sick and wounded who are still in hospital, and who of course“remain on the Army payroll till discharged. The upkeep of hospitals, and their medical and nursing staffs, until the need for them is ended. These three items alone will use up at least $200,000,000 of the Victory Loan 1919. Gratuities There is also the gratuity which has been authorized, and has been and is being paid to assist soldiers to tide over the period between discharge and their re-adjustment to civil life. For this purpose alone, $61,000,000 must be provided out of the Victory Loan 1919, in addition to the $59,000,000 already paid out of the proceeds of the Victory Loan 1918. Land Furthermore, soldiers who desire to become farmers may, under the Soldiers’ Land Settle ment Settlement Act, be loaned money by Canada with which to purchase land, stock and implements. The money so advanced will be paid back; meantime each loan is secured by a first mortgage. Up to August 15th, 29,495 soldiers had applied for land under the terms of this Act; and 22,281 applications had been investigated, and the qualifications of the applicant approved. For this purpose Canada this year requires $24,000,000. oca i For this work which, with the Vocational v G onal Training and Soldiers’ Service Departments, Training embraces the major activities of the Depart- ment of Soldiers’ Civil Re-establishment, an appropriation of $57,000,000 is necessary. + oe > These national expenditures are war expenses. They will be accepted readily by every citizen who gives thought to the task which Canada faced following the Armistice, and to the success with which she has met it. + + + + National Canada ey national working capital, so . that she may be able to sell on credit to Great Wor king Britain and our Allies the products of our Capital farms, forests, fisheries, mines and factories. You may ask “Why sell to them if they can’t pay cash?” The answer is, ‘“Their orders are absolutely essential to the continuance of our agricultural and industrial prosperity.” The magnitude of these orders and the amount of employment thus created, will depend upon the success of the Victory Loan 1919. The “ Why »” Farmers and manufacturers (and that includes f C re dit the workers on these orders) must be paid oO cash for their products. Therefore, Canada Loans must borrow money from her citizens to give credit, temporarily, to Great Britain and our Allies. Actually, no money will pass out of Canada. If Canada does not give credit, other countries will; and they will get the trade, and have the employment that should be ours, to distribute amongst their workers. And, remember we abso- lutely need these orders to maintain employment. If we don’t finance them business will feel the depression, employment will not be as plentiful, and conditions everywhere will be adversely affected. For Trans- Money must also be available to carry on ; the nation’s shipbuilding programme, and portation other transportation development work. For loans to Provincial Housing Commissions who are building moderate priced houses. These, then, are some of the things for which Canada needs national working capital. She is in the position of a great trading company, and her citizens who buy Victory Bonds are the shareholders. Those who give thought to our outstanding obligations to soldiers, and to our need for national working capital, cannot fail to be impressed with the absolute necessity for the Victory Loan. 1919 “Every Dollar Spent in Canada” Issued by Canada's Vi co-operation with the ° of the Dominion of Canada. Lean Committee inister of Finance i TS ag cdl mh _ peas Ss PoE 8