Ny

 

 

Mondays November 17, 19149

—— ——

 

Sure to please everyone who appreciates
» trues cleanliness

Penslar Bath Sparkler

Delightfully fragrant and dainty; eprinkled into the wa er affor:
delicately scented bath. «It alsorsoftens the water

Sold in large sparkler top packages at 60c

The Prince. Rupert Drug Co.

SAMILY CHEMISTS
Third Avenue, opposite Sevond Street.

Mall Orders: Gven Prompt Atention

ls a

PHONE 134 P.O. BO 215

 

 

   
  
 
 
 
  
   

MINING STOCK FOR SALE

I have for sale part of the treasury shares in

The B. C. Silver Mines, Ltd.

Capital - $1,500,000
One of Properties is situated between the famous
Premier Mine and the Buh Mines, Ltd.

These shares will be listed om the Vancouver Stock
Exchange. For further particulars apply to

O. B. BUSH

344 Pender Street W.

RK

The
Old
Firm
Come

Back

 

 

 

VANCOUVER

   
  
     
  
  
  
 

, W. Cameron's Co.

Beg to announce that not being able toobtain their
old corner on Second Avenue, at the head of what
used to be Centre Street, they have epened on
Third Avenue, No. 626, with a warefully selected
stock of

Jewellery, Watches and Clocks, Toilet Re-
quisites, Cutlery, Cut Glass, etc.

All fresh from the factories, and are now ready to
welcome their new and old time patrons in their
new store at

No. 626 Third Avenue

Opposite Dominion Telegraph Office

 

  

 

 

 

See ALBERT & McCAFFERY

 

laathinaia’ the Building Line

Prince Rupert Spruce Co.’s:Lumber
"8. C. Mill’s Fir |

Lime  Cejrent Plaster.

Brick Shingles Laths
Albert & McCaffery, Ltd:
= — —

—
¥ — SS —

Ze ‘TURKISH: BATHS
‘7 AND SANITARIUM : :

NOW: OPEN |
Everything modern and up to date

722 Fulton Street, formerly Klondike Hotel Phone 309

OPEN DAY AND NIGHT

 

 

 

 

 

 

    
      

 

 

Give use trial

 

NL

 

eee

Georgetown. Lumber Co.

PHONES 130 ang 423. oat P. 0. BOX 1632

Largest Assortment.of-Lumber in Central 8. 0.
FISH BOXES A SPECIALTY

SPRUCE =.FIR ‘CEDAR

   

    

 
   
 

 

VICFORTA, Nov. 4%—When the

in the waring»days of 1916 British
Columbia's « financial’ condition
was anything but an inspiration
for-a new government. ‘It was |
suffering from the effects of a|
program Which had failed to take
into account a period of commer ‘|
cial depression. Moreover, the}
obligation ‘of war imposed veri

 

tions ‘that- added to the general

depleted treasury. While these

ing to note the progress that has
been made and now reeounted in|
ah official. summary just author -

Joun Hart, Minister of Fimanee in |
the Oliver Government. {

“<The Legacy. |
In his ~weneral review of the!
situation Mr. Hart points to the

from this—-all the cash om hand
6n- March 31, 19%6—and all the
nevenue received during the eight
months to: November 30;°°1916,
except a very smal). balance; were
expended. Im other words, the
debt of the provinee was enlarged
to the extent Gf $2,000,000. with
current and accrue@diapilities
ameuniimeg to
shown on the books at that date.
The balance on’ handr therefore,
when the present administration
took office did net exceed $154,-
5.4.62, and out of that amount it
was ppomptly. discovered $100,-
086.37 represented the deposit to
the aceount of the province in the
Bank of Vanceuver, then mm tiqui-
dation. That is to say, all the
cash in the treasury at that ‘time
was $54,488.25 with which to meet
not only the Tiabilities already
mentioned, but also a payment six
weeks later of mearly one million

of the Pacifie Great Eastern Rail-
way Company.
. Succession of Deficits.

It is a matter of public record
that there had been a svecession
of deficits and spending i excess
of revenue, which. had increased
the *pubbhie' debt by $12,000,00/
from 1944 to 1917, and there were

Canadian Bank of Gommeree both
on current and special overdrat:
accounts, From this period the
minister’ takes his review up to
the time he took office

tain the
meet pressing deficits left by the
previous’ administration.” It is
also noted that the best mate at
which the Government could bor-
row at that time was 7% %, and
on that aceount it was thought
well to wait for a more. favorabl:
market. Early in 1918, however
the financial needs of the province
were taken up with the Deminion
Government and a loan obtained
from Ottawa amounting to &3,-
000,000 at 64% %, on the under-
standing that the money would be
repaid at the earliest opportunity.
In addition to this a further mil-
lion dollars were borrowed at a

little over 6% %.
Graduat Recovery.
The. loan. from the Dominion

Government was effected in June,

the Jiquidation of the province's
indebtedness to the Canadian
Bank ofGommerce on account of
old deficits, Just prion to this the

 

Consult Us.

 

   

Phone 524 Cor. Fulton and Sixth

National. Grocery. Co. »

VEGETABLES A SPECIALTY
Motor Delivery Prompt Attention

 

  
 
     

east, and from what they saw and
heard of the money market it was
deemed a favorable opportunity
to float a loan for $2,000,000, 6%
ten-year gold bonds, The highest
bid of four, However, was 94.78
for $500,000 with an option on
the balance at the same figure.
hThis would have meant an inter-
est charge of a little under 6% %,
but #t was mot eonsidered a good
In consequence no
Nevertheless
Mr.

enough offer,
bids were accepted.
the months followins®y

SS in
il Hart emphasizes, financial houses

Advertise in “The: Daily News”

from time tow time volunteered
bids, none off whieh were looked
upon favorably; but in all of
whieh thene was evident a grow-

 

The Paper that gets Quick Results

PROVINCE FROM ‘

present administration took oflice >

embarrasement arising out of ay

ized for publication By the Hon.}<«

fact that at the end of the fiscal |
year 194524916 the late Goevern- |

ment found ditself facing» the.
necessity to negotiate a toan of
#£2,000,000, But the. -preeeeds

84 068,086.68. not’

dotiars as interest on the bonds |

also very heavy overdrafts at thi |

in the}
summer Of 4917 and refers to the}
faet that it was necessary to ob-4
loan of 64,000,000 to)

'
1918, and immediately applied to

Premier and Mr..Hart had gone |

“Active Christianity |
Wall -Mend: the World

' PSHE United National Campaign—represent-
= ing-the co-operative .feature of the simul-
~ taneous,<.-but. independent,’ Forward’ “Movements of the

° ~ Anglican,Baptist, Congregational, Methodist and Presby-

terian communions invites all followers of our cormmon
Lord.an@ Master to pray earnestly” for’ the peace and
well-being of Canada and the world, and for a renewal
ofthe Christian spirit of sacrifice and service.

= Fhirteen National ‘Conventions

Thirteen National Conventions are about to assemble at the call

ofthe United National Campaign.” The’dates arranged,-and the
places of meeting here follow:—

are facts wel] known to the people jue
of British Columbia it is émterest - |

*

~ November 24th and'25th ‘Toronto aiid Montreal.
. ~ Nevembér 25th and 26th Montreal and Moose Jay.
on ~wNovembeér 26th and 27th Regina.
, Nevembér 27th and 28th Saskatoon.

~* December ist and 2nd.. Edmonton and St. John.
December’ 2nd and= 3rd )Calgary,; London and Halifax.
December 4th and 5th Charlottetown and Vancouver.

- - "Fhe Objects-of the Conventions
|: { 1. .Te-give thanks to God for Victory. 4. To re-affirm the iple that the

2. To rouse the Canadian people to a > eww ha “ 7 .
keener sensc of their religious privi- - re pre
leges and national ' responsibilities. ‘ duced the world war, and the only

é . foundation for national

3 To'stimulate the practice of prayer . stability, social welfare and indi-

for-.individual and national needs vidual happiness in the day of
at this difficult period. i speace.

;
; 1

“i “Thé Reason -for. United -Action

His Grace, the Archbishop of “Cariterbury; preached the opening
sermon of the Church.Congress held at Leicester, England, on
October 14th, 1919) Onthat occasion, he said :—

“We ought to be able’ to make more of
} ~™ the reai oneness; which, thank God, is al-
. ready ours, the oneness,‘both in faith and
| in potential action, of all who can and do
knee! to Christ as their‘living Lord. We
} want to dweli.upon and! foster the power
| \% of that fellowstip for united . . . im-
pact- upon the world, or penetration of the
! , world, at an hour so inezpressibly difficult
' as this. That’ need not, ‘it will not, inter-
feré with completest loyalty "te the dis-
’ tinctive truths, which in our smaller circles

“Fhe United National Campaign

G. H:Wood - Chairman ofthe Executive Committee

 

 

eee — = ee ce ee

 

 

   
  
 
   
   
      

see 5
Uh i}
ve
te &

i

#
#7
By. me
bay A |
‘
¢ Func
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jing confidence in the management |
‘of the affairs of the province and!

‘a gradual improvement of the)
market; Early this’ year the!
minister became convinced that |

the credit of the province had)
been so far re-established and the TIMBER SALE X 1676.
Sealed tenders will be pcos by the

‘market so greatly: improved that} Minister of "Lands “aot later tiaay noon

i >it 27 y oe ov r, 1919, for the
it was en opportune time to ne { purchase of Licence X 1676, to cut 3,574,
gotiate a loan...And on calling) 000 fees of Spruce, Hemloek, Cedar, Cotwu
for tenders for $3,000,000 51% | Hoot, a area “sitvaeea Se ent Salen

: wv i 324 River, Range 5, Coast District

twentysyeer Bonds & bid of 99.324 Two (2) years. will ‘be aliowed for re- | :
—almost par—resulted, With thes moval of umber. i

    

 

VEGETABLE

~- @eneral Contractors
Labor Exchange

 

Prince Rupert, B.

}

TOM LEE CO.

840 Second Avenue, West.

“Wholesale and Retail

10 ;
_
&
aa
ie
3 lhe
and .

Phone 547 — P.O. Box 725

 

 

proceeds of this-dotin the Do-] yjcoria Bet. oF Disirict Rorester, Prince
iminion Government. was’ repaid? Rupert, B.C. :
‘and the reduction ‘in ‘interest, as’
between 6% % paid to the Do-
j)minion anda shade over 5% % on
the new loan, represented a very
‘considerable saving to the prov- |
; nee.

 

Reaching « Surpius. '

For Comfort, Courtesy~
and Service
. go to

The SAVOY HOTEL

 

Phe Anancial operations of the | TIMBER SALE 'X 1889.

fiseal year 1917-18 showed, mn * seuled tenders will be. reteived by (the

place of a deficit which had»mark-! i ee Ee een tbis. tor the

: j admini = réhase of Licence X 1889, to cut 4,
| od years ot yrovlous ialetre , ba2.000 feet of Spruce, Hemlock and
tion, a surplus of net povenued Cedar on wh sree eituevee, im duskatia In-

: « . Queen Charlot strict.
over net-expenditure of 8483.-) 24) Gear win be allowed for re

MANAGER

F. T. Bowness

Phone 37 P.O. Box 1704

 

 

ini {,imoval of timber.
196.87. The minister points ou Further particulars of the Chief Forest
moreover, that for the purpose Of‘ er, Victoria, B. C.. or District Forester,

assisting soldier settlement te Prince Bupert B.C.

furthering -employment for re-
turned men, authority was given
by the tegisiature at its last ses- |
sion for loans agenegating 83,-
000,000. ‘Tenders were called for
this amount in July, the term of
the bonds being ten years and the
interest rate 5%. The price ob-

 

TIMBER GALE X 1881.

 

 

 

tained works out at 5.56%, which |, Sealed tenders will be reesived by

 

Minister of Lands not later than noon on

 

 
   
 

 

 

 

   

compares remarkably well with | the ena day of December, 1919, for the ‘4
loans obtained by the Dominion |$35o0° feet ar Spruce. themiock. ana
and other provincos about that yoser 22 dat thie Dinan Bay, Queen 3
time. ee ¥ re eeee will be ellowed for re- Meas :

For some time “before the Further particulars of te Chief Porest Beard by Month of Wek. Phone Rea se
(continued On Page’ Four.) [pry ry Gf Dintriet Poreetey, gt
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