The
Daily
News
PK1NCE
ltUI'EKT
BKITiSii
COLUMBIA
Published
Every
Afternoon,
Except
Sunday,
by
Prince
Rupert
PfciuilaiuiKlhK-EdJior
M
Sl3BSCHlitl(0N
KATES
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mail
to
all
other
parts
of
British
Columbia,
tbe
RjttUh
Empire
and
United
States,
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advance,
per
year
,
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mail
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per
year
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nnnth
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parts
of
Nerthern
and
Central
British
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'
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,
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carrier,
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period,
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advanee
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inch
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insertion,
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word
Legal
notiees.
each
lnrtion,
per
agate
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.;
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BIMTIQN
1.40
.02
.15
Friday.
Feb.
it,
im
E3IPIRE
FREE
TRADE
We
have
received
from
Lord
Beaverbrook
a
booklet
containing
a
manifesto
to
Canada
explaining
the
application
of
his
proposed
Empire
Free
Trade
policy
to
this
cuumrv.
xie
aunms
inui
uie
wnoie
proposal
aepenus
upon
the
people
of
Great
Britain
consenting
to
taxation
of
their
food
supplie
which
they
hate'fo
far
always
opposed.
THE
KING
SPEAKS
"Whatever
may
be
our
national
shortcomings
it
must
be
conceded
that
we
do
understand
the
business
of
staging
a
State
ceremonial
with
dgnity
and
effect,"
says
a
letter
from
Engiand."Nothing
the
world
can
show
could
have
been
more
impressive
than
the
opening
of
the
Naval
Conference
by
the
King
on
January
21
in
the
Golden
Chamber
of
the
House
of
Lords.
Even
the
elements
furnished
a
touch
of
dramatic
contrast.
Without,
a
thick
fog
enveloped
the
city
in
gloom;
within,
gilt,
crimson,
and
a
faint
pearly
mist,
dissolving
in
the
rays
of
innumerable
lights,
blended
to
furnish
an
atmosphere
of
warm
and
splendid
color,
fit
setting
for
a
Rpyal
Presence
and
an
utterance
having
for
its
message
the
promise
of
world
betterment.
Conceive
a
hall
large
enough
to
i
lose
something
of
its
proportions
in
depths
of
shadow
arid
vague
spaces,
and
hold
m
uncrowded,
carefully
disposed
groups
and
arrays
a
thousand
persons
delegates
and
statesmen,
Imperial
and
foreign
celebrities,
ambassadors
and
diplomats
and
journalists
drawn
from
many
lands.
And
facing
this
assembly,
solitary,
remote,
upraised
against
an
immense
painted
background
of
the
dying
Nelson
on
the
deck
of
the
Victory,
a
gilded
throne.
There
is
the
hum
of
many
voices
and
then
a
great
silence.
SuddehlvVals'one
man,
the
assembly
rises.
A
gentleman
clad
in'
ordinary
morning
dress,
with
a
carefully
trimmed,
close-clipped
greyish
;
beard,
parted
hair
thinning
to
baldness,
a
smile
of
greeting
playing
on
his
lips,
moves
slowly
with
the
measured
step
of
a
great
occasion
to
the
dais.
He
mounts
the
throne,
and
bows
to
the
company.
Then
from
the
hands
of
the
Lord
Great
Chamberlain
he
takes
a
aheap
of
paper,
and
in
a
clear,
strong,
resonant
voice
begins
to
read
that
message
Of
how
Whlfh
Vine
rrrmo
onVimnrv
xnimrl
.nJJ
0
r
-
fcj""
vvuuilljj
x
uunu
liiC
WUI1U
ATLANTIC
FISHERIES
newritod
in
Interesting
Address
Before
Iletary
Club
By
Dr.
Huntsman
11ERKING
INEXHAUSTIBLE
Illustrated
by
a
number
of
very
interesting
slide
showing
fishing
on
the
Atlantic
Coast,
Dr.
A.
O.
Huntsman,
and
of
the
btoloffc&l
and
fisheries
experimental
stations
in
Eastern
Canada,
nve
mi
in.
tensely
interesting
address
yesterday
afternoon
before
the
Rotary
Club,
the
feature
of
which
was
a
statement
to
the
effect
that
the
herring
was
p
tactically
inexhaustible
and
the
Atlantic
was
not
affected
to
any
visible
extent
by
the
most
intensive
fishing.
John
Dyo-
Children
Coughed
Day
and
Night
iln.
Claude
Renrtrd,
Bnyard,
BuL,
wrttei
:
"Th
children
wers
coughing
flsy
i&d
night
"A
friend
told
m
the
had
used
Dr.
Wood's
Norway
Pine
Syrup
and
had
received
good
result,
to
I
bought
a
battU
of
it,
and
in
a
abort
time
the
kiddies
vera
all
oter
their
cold
and
coughing.
"I
hare
no
hesitation
in
laying
it
if
the
best
I
hare
ever
tuied,
and
I
will
alwayi
keep
a
bottle
of
it
on
hand
In
case
of
Aed."
Pi-tre,
35c
a
bottle;
large
family
be
60c.;
at
all
druggieti
and
dealers;
manufactured
only
by
The
T.
Milburn
Do.,
Limited,
Toronto,
Out.
havn,
one
of
the
directors
of
the
Biological
Beard
of
Canada,
presided
and
there
were
a
number
of
visitors
present
Including
members
of
the
staff
of
the
local
fisheries
ex-
pertaental
station
and
local
physicians.
In
part.
Dr.
Hantem&n
said:
i
The
Herring
Industry
It
is
perhaps
not
seaCrallv
an.
IftHClated
to
what
extent
the
seai
furnishes
an
inexhaustible
supply'
of
valuable
produott
for
man.
It
ul
Indeed
the
"purse
of
Fortunatus"
i
'Which
is
never
empty.
Hew
differ-
ent
this
is
from
the
condition
on
j
,land.
where
the
soil
may
be
per-j
manentrr
impoverished
and
nece.
I
sitate
active
steps
by
man
to
brine
lit
back
to
something
approaching
the
original
eonritttnn
th
cna
'tains
an
inexhaustible
supply
of
jmost
fundamental
substances,
and
through
oceanic
circulation
this
supply
is
available
to
replenish
any
j
:
temporary
depletion
made
by
man
In
his
puny
efforts
to
reap
the
wealth
that
lies
at
his
doors.
Let,
not
this
be
misunderstood.
If
an'
oyster
is
torn
from
the
rock,
an-,
oiher
one
is
not
Immediately
found
1
i
to
take
its
place,
and
in
fact
man.
,may
so
denude
accessible
beds
that
many
years
are
required
for
them
to
recuperate.
Other
wealth
will,
however,
in
the
meantime,
be
available
on
those
same
beds.
The
wut
ut
iianuui
wuicu
IS
Quill
Up
j
,'Over
a
very
considerable
period
of
.years
can
similarly
be
reduced
so
ithat
conservation
measures
may
be
i
required
to
prevent
scflouS
riamap
!
However,
even
if
normal
recovery
,1s
in
no
way
endangered,
thorough
fishing
reduces
the
accumulated
;
stock
until
finally
the
catch
becomes
limited
to
the
annual
production
in
the
sea.
The
herring
on
the
other
hand
is
the
outstanding
example
of
the
fish
whose
numbers
in
the
sea
can
be
least
limited
by
man's
efforts.
On
the
Atlantic
Coast,
the
young
herring
are
taken
along
a
certain
section
of
the
coast
while
still
very
1
1
ST
TTSJ
11VV
A
SSTTP
ATSJPF
POMPANTV
OF
P
A
M
A
n
A
H
A
TOWER
OF
STRENGTH"
1929
New
Assurances
Paid
for
654,45
1
,000
An
Increase
of
$2
1
3,207,000
Assurances
in
force,
(net)
$2,401,237,000
An
Increase
of
$504,322,000
Total
Income
(net)
An
Increase
of
$28,1
1
0,000
Surplus
earned
during
the
Year
-
-
-
Payments
to
Policyholders
and
Beneficiaries
Surplus
and
Contingency
Reserve
-
An
Increase
of
$5,869,000
Total
Liabilities
-
(Including
paid
up
Capital)
Assets,
at
December
3
1st,
1929
-
-
-
-
An
Increase
of
$79,239,000
172,857,000
42,863,000
69,174,000
72,807,000
495,390,000
568,197,000
i..
i
1-
-1
"
-imk"
PSr-TR-C.
Rate
of
Interest
earned
on
mean
invested
assets
7.02
The
high
rale
of
dividends
allotted
to
participating
policyholders
is
continued
and
the
special
dividend
on
maturing
pdktis
extended
and
increased.
Id
for
for
numbered
numbered
161,391
161,391
for
for
ISevr
policies
patd
a
net
amount
of
$654,451,143.27,
an
advance
of
$213,206,752.36,
or
more
than
forty-eight
per
cent.,
over
the
previous
year.
This
marked
increase
and
the
fact
that
the
average
policy,
for
the
first
time,
exceeded
$4,000,
affords
impressive
evidence
of
the
ever-growing
popularity
of
the
Company.
After
deducting
amounts
reassured,
the
total
assurances
in
force
amount
to
$2,401,-237,036.94,
an
increase
of
$504,321,102.37.
This
advance
is
notable
not
merely
for
its
magnitude,
but
because
when
allowance
is
made
for
terminations
by
death
and
maturity,
it
repres
nts
a
remarkably
high
rate
of
continuance
and
evidences
great
satisfaction
on
tbe
part
of
our
policyholders.
The
amount
paid
to
policyholders
write
organization,
together
with
the
amount
at
present
held
for
their
security
or
benefit,
exceeds
the
total
amount
received
from
them
in
premiums
by
$139,290,474.03.
The
rate
of
interest
earned
on
the
mean
invested
assets
has
risen
to
7.02
per
cent.
This
figure
includes
a
certain
amount
from
bonuses
and
stock
privileges
accruing
on
many
of
the
Comjviny's
holdings
;
but
if
these
were
entirely
eliminated
the
rate
would
still
be
6.60
per
cent
A
net
profit
of
S13.077.2M.62
was
realised
from
the
redemption
or
sale
of
securities.
The
surplus
earned
during
the
year,
based
on
the
values
entered
in
the
accounts,
amounted
to
$42,863,578.59,
but
from
this
sum
substantial
appropriations
have
as
usual
been
made
to
further
strengthen
the
position
of
the
Company.
An
additional
$10,000,000.00,
has
been
deducted
from,
the
market
values
of
our
securities
as
a
provision
against
possible
market
EXTRACTS
FROM
DIRECTORS'
REPORT
fluctuations,
raising
the
amount
thus
bet
aside
for
this
purpose
in
the
accounts
to
$30,000,000.00.
A
further
$
1
,000,000.00
has
been
written
eff
tbe
Company's
buildings.
$931,000.06
has
been
appropriated
to
raise
tbe
annuity
reserves
to
the
Rutherford
table
of
valuation,
with
interest
at
3H
Pr
cent.
This
exacting
standard
reqtrtres
reserve
$2,650,000.00
in
excess
of
those
of
the
Doirdn-
ion
...
government
-
-
standard.
the
Special
Dividend
on
maturing
policies,
lntttxtlktftl
last
year,
hat
beeu
extended
to
include
poKeies
maturing
after
haviag
been
in
force
five
years
or
longer,
and
the
scale
of
j
papfct
fr
been
increased.
The
business
of
.the
Company.
.has
always
been
conducted
under
the
exacting
provisions
of
the
Canadian
T.
1
.t
.
,
i
ji
twumacc
iw
una
uic
ngw
supervision
S1.2O0.00ano
Ium
Uwi
mu
..
a,
i
of
Ahe
Insurance
Desartnwnt
of
the
tienal
provision
for
claims
arising
from
total
wweriunetot
of
Canada.
Ever
siwe
tllsabifity,
death
claims
as
yet
unreported,
ana
poseiDie
maims
unaer
cancelled
rxMiciea
on
which
a
surrender
value
or
reinstatement
might
be
applied
for.
$22,606,265.67
has
been
paid
or
allotted
as
profits
for
the
year
to
policyholders.
The
special
amount
entered
as
a
liability
to
provide
for
unforeseen
contingencies
has
been
maintained
at
$12,500,000.00.
After
making
all
these
deductions
and
allocations.
$5,868,899.96
has
been
added
to
the
undivided
surplus,
bringing
the
total
over
liabilities,
contingency
accounts,
and
capital
stock
to
$60,307,762.44.
In
accordance
with
our
usual
conservative
practice
the
securities
owned
by
the
Company
have
again
been
valued
at
figures
much
below
the
market
ouotations
current
at
tbe
dose
of
the
year.
This
undervaluation
represents
an
important
clement
of
strength
to
the
Company
additional
to
the
specific
provisions
in
the
statements.
Your
Directors
are
pleased
to
announce
that
the
high
scale
of
profits
at
present
allotted
to
participating
policyholders
will
be
continual
during
the
ensuing
year,
while
Ws
pfl&jred
the
UnitedStates
in
1895.
the
Company
has
been
under
similar
UIIUi.2mm
V.m
I
1
'
.
ia,svi
mvn
ura
c
aHi
w
now
mJWJTll
to
tbe
regulations
of
thirty-eight
States
of
the
Union
which
require
periodical
examination
of
the
affairs
of
all
companies
licensed
in
their
territory.
In
the
discharge
of
their
regular
duties
a
committee
of
twenty-two
examiners,
representing
the
States
of
Michigan,
Massachusetts,
Minnesota,
Ohio,
Tennessee,
Washington,
Virginia,
West
Virginia,
Florida
and
the
District
of
Columbia
recently
completed
an
exhaustive
examination
into
every
department
of
the
Company's
a
flairs.
The
report
of
this
committee
makes
gratifying
reference
to
tc
liberal
treatment
accorded
to
our
poScy-holders,
and
provides
authoritative
testimony
to
the
Company's
strength.
Even
adopting
the
low
valuations
placed
by
us
on
our
securities,
the
committee
still
reported
a
surplus
at
the
close
of
last
year
$1,333,921.71
In
excess
of
the
figure
claimed
by
the
Company.
SUN
LIFE
ASSURANCE
COMPANY
OF
CANADA
SAM
JABOUR
young,
and
in
literally
enormous
quantities,
and
yet
the
removal
of
these
from
all
possibility
of
reproducing
their
kind
seems
to
have
not
the
slightest
effect
upon
the
supply.
Not
very
many
years
ago,
the
spawning
grounds
were
thrown
open
to
the
fishermen
and
without
any
observable
ill
effect.
The
small
25-mlle
section
of
the
cqast
where
this
occurs,
furnishes
annually
about
one-fifth
of
the
entire
catch
of
the
whole
coast
which
has
a
length
of
about
three
thousand
miles.
The
herring
is
peculiarly
able
to
make
use
of
the
food
materials
available
in
the
sea
and
to
reproduce
its
kind.
In
certain
regions
at
least,
with
invariable
and
overwhelming
success
The
primary
food
materials
are
formed
by
plants
from
the
fertilizing
salts
brought
up
from
the
depths
by
vertical
movements
in
the
sea.
Although
able
only
in
its
youngest
stages
to
feed
directly
upon
these
plant,
the
herring
does
not
feed
upon
other
fishes
but
upon
the
many
kinds
of
small
shrimp
which
consume
the
minute
floating
plants
of
the
sea.
By
these
very
direct
means,
the
herring
converts
an
imense
amount
Northern
British
Columbia
Representative
Sun
Life
Assurance
Company
of
Canada
of
food
material
into
a
form
suitable
for
the
use
of
man.
Only
a
comparatively
small
part,
It
would
seem,
of
the
available
supply
of
herring
In
the
sea
is
now
captured
on
either
the
Atlantic
or
the
Pacific
coast;
the
fishermen's
efforts
being
confined
to
taking
the
herring
only
when
they
are
close
to
shore
and
easily
caught.
Off-shore
fishing
for
this
species
(such
as
in
done
in
European
seast
pffers
a
very
considerable
oppor
tunity
for
the
future
expansion
of
this
fishery.
The
chanee
in
the
uw
of
the
herring
during
the
last
half
century
or
so
reflects
the
generally
changed
conditions
in
the
tastes
and
demands
of
the
people
of
this
continent.
While
formerly
on
the
Atlantic
Coast,
almost
all
herring
were
salted
or
hard-smoked,
that
is
dried,
today,
a
very
large
proportion
of
catch
is
canned
and
increasing
ouanutles
are
belne
Unfit
ly
smoked
or
sold
fresh;
but
on
this
Paelflc
Coast,
the
catch
is
still
almost
wholly
salted
and
for
exDort
trade.
The
whole
trend
indeed,
is
towards
providing
the
fish-eating
puduc
or
this
continent
wnn
ner-
rlng.
as
with
other
fish,
in
as
con-
Ivenient
and
flnUM
form
MFj
sible
and
in
a
concuuon
mating
that
in
which
they
are
en
from
the
water.
We
antWP
Important
developments
when
newer
methods
of
friier
properly
applied
to
the
hen
xnu
should
bring
dsck
t
.
to
the
favor
which
iA-orprw
'
Joyed
and
which
it
has,
to
erame
extent,
lost.
A.
It.
Holtby
returnee
2.
on
yesterday
afternoon's
lnu.
lf)
-
.u-
ii..ur
on
TW
J
duties.