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BRITISH
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V
PIIT.T.RtJ
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delivery,
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of
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nureau
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DAILY
EDITION
LOWER
ASSESSMENTS
.00
.50
.00
.15
,80
,25
,40
02
00
50
00
Saturday,
January
3,
1931.
The
assessments
of
city
property
have
been
again
reduced
about
ten
per
centynot
because
the
land
is
worth
less
than
it
was
a
year
ago
tout
because
it
was
ten
per
cent
too
high
last
year.
This
will
make
it
necessary
either
to
raise
the
mill
rate
next
year
to
cover
the
difference
or
to
put
a
tax
on
improvements.
It
will
be
one
of
the
problems
the
next
council
will
have
to
solve.
Several
years
ago
a
council
left
office
with
an
overdraft
at
the
bank
This
overdraft
is
still
hanging
over
the
heads
of
the
people
and
it
will
be
slightly
increased
this
year
owing
to
the
cost
of
unemployment
relief.
This
is
not
a
thing
to,
discuss
generally
in
the
press
but
it
must
be
mentioned
occasionally
in
order
to
draw
attention
to
the
need
of
balancing
the
budget.
There
should
be
no
bank
overdraft
in
the
city
except
such
as
is
needed
to
carry
on
local
improvement
or
other
work
until
the
bonds
covering
the
work
are
sold
and
also
to
enable
the
city
to
carry
on
until
the
taxes
for
the
year
begin
to
come
in.
There
is
a
period
from
January
to
midsummer
when
the
city
finds
itself
with
very
little
ava,ilablejncQm.ipuringithat
time
the
council
goes
to
the
bank
for
aid."
,n
,
i
This
year
the
new
council
should
absolutely
decide
to
pay
off
all
the
old
debts
and
make
the
taxes
high
enough
to
cover
the
cost.
It
has
to
be
done
some
time
and
the
present
is
as
good
as
any
other.
If
it
is
absolutely
necessary
to
place
a
small
tax
on
improvements
in
order
to
do
so;
even
that
must
be
faced
One
of
the
first
principles
in
civic
finance
as
in
all
other
successful
finance
is
to
pay
one's
obligations.
Nearly
all
policies
are
formulated
by
minorities
and
1
put
into
force
by
majorities.
I
VAGARIES
OF
CREDIT
One
of
the
vagaries
of
credit
is
that
when
times'
are
good
and
money
should
not
be
needed,
it
is
easy
to
get
credit.
When
times
are
not
so
good
and
money
is
needed
it
is
almost
impossible
to
borrow.
The
lesson
is
that
even
during
good
times
it
is
a
good
plan
to
keep
the
financial
fences
in
good
order
so
that
when
evil
days
come
upon
us
we
may
be
in
such
a
position
that
we
can
withstand
any
attacks.
j
UNEMPLOYED
CONTROVERSY
1
The
question
of
the
allocation
of
money
for
unemployment
relief
work
was
warmly
discussed
at
a
meeting
between
the
representatives
of
Vancouver
and
the
provincial
government
last
week.
Mayor
Malkin
contended
that
Vancouver
had
not
received
a
fair
share
from
the
government
in
comparison
with
outide
districts.
Hon.
W.
R.
Bruhn,
minister
of
public
works,
declared
that
the
government
by
its
contributions
had
made
$880,000
available
for
relief
work
in
Vancouver
as
against
$700,000
to
be
spread
over
all
th
unorganized
districts
of
the
province.
It
was
pointed
out
also
that
a
dollar
spent
by
the
government
in
a
municipality
meant
four
dollars'
worth
of
work,
since
the
Dominion
contributed
another
dollar
and
the
municipality
two,
while
in
the
unorganized
district
a
dollar
from
the
provincial
government
meant
only
two
dollars'
worth
of
work,
the
only
other
contributor
being
the
Dominion
which
gave
dollar
for
dollar.
What
was
not
pointed
out
was
that
while
Vancouver
undoubtedly
had
a
large
share
of
the
burden
of
unemployment,
most
of
the
men
now
out
of
work
went
there
with
money,
spent
it
in
the
city
and
the
dity
got
the
benefit
from
being
the
spending
centre
of
the
province.
In
view
of
that
the
city
ought
to
be
willing
to
meet
a
goodly
share
of
the
cost
of
keeping
the
unemployed.
When
a
merchant
talks
hard
times,
watch
him
and
curtail
his
credit.
Dr
Alexander
X-RAY
SERVICE
PHONE
575
BESNER
BLOCK
DENTIST
GOAL
Buy
the
real
Coal
our
famous
Edson
and
Cassldy-Welllnjt
ton
in
any
quantities.
Also
Bulkley
Valley
Hay,
Grain
and
Robin
Hood
Flour.
Prince
Rupert
Feed
Co
PHONES
58
AND
568
$30,000,000.
In
the
same
period
current
loans
declined
from
$1.-277500.000
to
$1,229,500,000,
or
a
decline
of
nearly
$48,000,000.
Thus
the
excess
of
savings
deposits
over
current
oans,
which
is
generally
considered
very
significant
in
the
interpretation
of
banking
statistics,
rose
from
$121,000,000
at
the
end
of
July
to
$202,000,000
at
the
end
of
October,
which
may
be
compared
with
the
excess
of
$3.-000,000
of
current
loans
over
savings
deposits
on
October
31.
1929.
Ca'.'
loans
also
have
been
steadily
declining
in
recent
months.
Call
loans
abroad,
which
Were
$215,600,-000
at
the
end
of
August,
fell
to
$164,700,000
at
the
end
of
October
in
the
same
period
caU
loans
at
home
fell
from
$229,000,000
to
$214,100,000.
Conversely,
the
banks'
holdings
of
Dominion
and
provincial
government
securities,
which
were
$293100,000
at
the
end
of
July,
rose
to
almost
$370,000,000
at
the
end
of
October.
Obviously,
there
is
a
good
deal
of
Canadian
money
waiting
for
opportunities
of
profitable
investment.
Further,
the
recent
tafiff
chan-'
ges
are
resulting
in
the
establish
ment
of
branch
factories
and
the
Importation
of
capital.
Thus
an
English
firm
has
purchased
tlw
Hawthorn
mills
at
Carteton
Placcl
Ontario,
and
is
installing
English,
machinery.
This
is
only
one
of
over;
a
dozen
English
firms
coming
to
Canada.
Various
woolen
mills,
lonji
closed
down,
have
commenced
op-'
eratlons,
and
the
woolen
industry
is
looking
ahead
and
realizing
that
it
has
a
future
in
Canada.
Connecticut
firms
hare
leased
a
factory
at
Bt.
Hyaclnthe
as
a
branch
plant,
and
it
is
understood
that
a
Hamilton
corporation
Is
undertaking
the
manufacture
of
tlnplates
In
Canada.
Again,
the
increased
demand
for
electrical
power
is
another
evidence
of
the
confidence
which
Canadians
feel
in
the
future
of
their
country.
The
500,000
horsepower
which
will
be
available
from
the
Initial
development
of
the
Beau-harnois
Power
Corporation
has
already
been
all
contracted
for,
and
it
is
stated
that
application
will
bo
made
to
the
Government
to
authorize
a
larger
diversion
of
water
for
power
purposes.
It
Is
understood
also
that
the
present
plans
.contemplate
the
establishment
of
great
new
metalurglcal
enterprises
n
the
neighborhood
of
the
Beau-harnols
developments.
I
lave
Been
Worse
Before
Finally,
while
the
times
through
which
we
are
passing
are
admittedly
difficult
for
the
nation
and
disastrous
for
many
necessitous
individuals,
they
are
certainly
not
so
difficult
as
those
which
we
THE
DAILV
NEW3
Reopening
of
University
of
Havana
recently
resulted
in
student
do
monstration
and
riot
said
to
be
protest
against
proposed
new
for
i
elgn
loan
by
the
government.
PROSPECTS
FOR
YEAR
Canada
Should
Have
Better
Times
In
1931,
Save
Minister
Certain
well-known
phenomena
usually
found
toward
the
close
of
major
depressions
and
now
in
evidence
in
Canada
indicate
the
probability
that
there
will
be
better
times
In
1931,
says
a
review
of
Canadian
business
and
industries
by
Hon.
H.
H.
Stevens.
In
the
first
place,
there
has
been
in
recent
months
a
substantial
increase
in
the
savinys
deposits
of
our
chartered
banks.
In
the
three
months
between
July
31st
and
October
31st
these
deposits
increased
from
$1,-402.000,000
to
$1,432,000,000
or
by
have
faced
before.
The
present
winter
hard
as
it
is
for
many,
is
relatively
less
distressing
than
those
of
1907-08,
1913-14
and
1920-21.
Canada
as
a
nation
is
very
much
wealthier
and
better
able
to
withstand
adversity
than
she
was
in
any
similar
period
of
former
times,
when
the
question
of
our
national
solvency
was
gravely
debated
in
London
and
New
York.
Today
our
national
credit
in
London
and
New
York
and
among
our
own
people
stands
far
higher
than
it
did
even
ten
years
ago,
and
we
are
able
to
finance
our
own
enterprises
in
a
way
which
was
then
impossible.
In
ad
dition
we
had
at
the
beginning
of
1929
total
external
investments
of
some
$1,745,000,000.
nearly
$1,000,-000.000
of
it
in
the
United
States
subject
to
easy
withdrawal
as
our
own
industries
require
additional
capital.
Thus,
while
individuals
may
be
suffering
today,
the
economic
position
of
the
Dominion
among
the
countries
of
the
world
remains,
satisfactory.
In
the
present
circumstances,
if
those
of
us
who
are
better
off
-will
help
to
find
work
for
those
who
are
out
bf
employhjqnUn
order
to
help
them
o
tld-s
oyer
the
winter,
we
shall
find
before
long,
as
we
have
found
in
the
past,
that
we
have
done
a
good
stroke
of
buslnew
for
our-relves.
We
shall
find
that
In
splU
of
labour-saving
inversions
w
ftUl
need
the
labor
of
industrious
and
Intelligent
workers
to
develop
this
great
country
in
which
we
have
as
yet
scarcely
one
gainfully!
employed
person
for
each
square
mile
of
land
area.
It
will
not
be
long
before
there
is
work
for
all
in
Canada,
as
there
is
bread
for
all
today.
Let
us
then
take
courage
"the
hest
is
yet
to
be.-
FIRE
LOSS
IS
HIGHER
Two
Big
Conflagrations
Oave
City
Heavy
Destruction
During
Year
Just
Past
Fire
loss
in
Prince
Rupert
for
1930
is
estimated
at
a
total
of
$31,724.70
as
against
$3,215.44
in
the
preceding
year.
The
fire
department
respon
ded
to
a
total
of
75
alarms
during
the
year
just
past
as
compared
with
55
in
1929.
There
were
four
alarms
and
damage
of
$210
during
December
Just
past
as
compared
with
sev
en
calls
and
$415.84
damage
in
De
cember,
1929,
Following
are
fire
de
partment
figures
for
1930
and
192C:
1930
Calls
Damage
January
8
$10,030.00
t
eo.
4
March
9
305X10
April
....
6
,
May
10
20.00
June
....
5
July
4
7.00
August
8
14
25.00
Sept.
8
'20,600.00
October,
44.
,.
527.70
75
1929
Calls
Damage
7
$1,000.00
5
2
5
4
5
5
2
4
Ut.
1
135.00
30.00
100.00
50.00
100.00
200.00
153.00
300.00
500.00
415.80
$31,724.00
55
$3,215.44
Above
figures
are
not
official
but
merely
estlmatory.
The
official
fi
gures
will
be
presented
by
the
fire
chief
to
the
city
council.
Principal
fires
in
the
city
last
year
were
the
Masonic
Temple
blaze
in
January
and
the
Big
Bay
sawmill
fire
In
September.
RAILWAY
DIRECTOR
Vancouver
Province
Comments
On
Appointment
of
Fyfe
Smith
to
C.
N.
It.
Board
The
appointment
to
the
Canadian
Rational
directorate
of
J,
Fyfe
I
Smith
is
a
compliment
both
to
Vancouver
and
to
one
of
Vancouver's
I
successful
business
men
and
pub-'
llc-spirltccl
citizens,
says
the
Vancouver
Province
editorially,
Van-j
couvor
has
never
had
a
director
ort'
the
board
of
the
national
railway,
?
and
British
Columbia
has
had
none
!
since
the
death
of
the
late
F.
O.
i
Dawson,
last
year.
Both
defects
are
!
now
repaired
and
in
a
happy
man-jner.
j
Canadian
National
directors,
like
Canadian
Pacific
directors,
are
scattered
from
coast
to
coast.
Like
the
directors
of
the
rival
line,
they
are
not
expected
to
be
practical
railway
men.
The
operation
of
the
road
is
in
the
hands
of
experts
under
the
dlrecUon
of
the
president,
Sir
Henry
Thornton.
The
directors
are
business
men,
and
their
duty
js
to
keep
the
general
management
in
touch
with
the
railway
needs
of,
their
respective
districts;
also,
per-1
haps,
totkeep
their
respective'
districts
in
mind
that
there
is
such,
a
thing
as
a
national
railway.
j
Mr.
Fyfe
Smith's
appointment
does
not
come
unexpectedly.
It
had
been
suggested
for
some
time.
It
will
be
a
popular
appointment,
too.
The
"new
director
is
well
and
favorably
1
known
in
the
city,
as
his
re-
peated
election
to
the
Board
of
Park
Commissioners
attests.
If
To
My
Fellow
Citizens,
Everywhere
in
Canada.
The
Minister
of
Trade
and
Commerce
Ottawa,
Canada
Please
mail
copy
of
"MY
CREED''
to
HEAD
H
U
RT
?
won't
wait
for
a
WORK
aeadache
to
wear
off.
Don't
look
for
sympathy
at
such
times,
but
get
some
Aspirin.
It
never
fails.
Don't
be
a
chronic
sufferer
from
headaches,
or
any
other
pain.
See
a
doctor
And
get
at
the
cause.
Meantime,
don't
play
martyr.
There's
always
quick
comfort
in
Aspirin.
It
never
docs
any
harm.
Isn't
it
foolish
to
suffer
any
needless
Eain?
It
may
be
only
a
simple
eadacbe
or
it
may
be
neuralgia
or
neuritis.
Rheumatism.
Lumbago.
Aspirin
is
still
the
sensible
thing
to
take.
There
is
hardly
any
ache
or
pain
these
tablets
can't
relieve;
they
are
a
great
comfort
to
women
who
suffer
periodically;
they
arc
Name.
Address.
PostOmce-
Ttnw
m
City
"
always
to
be
relied
on
for
breaking
up
colds.
Buy
the
box
that
says
Aspinn
and
has
Genuine
printed
in
red.
Genuine
Aspirin
tablets
do
not
depress
the
heart.
All
druggists.
ASPI
R1N
TRADE-MARK
RES.
vmicuuver
oas
a
reputation
among
eiaim
a
goou
snare
oi
ine
credit
r
Canadian
cities
for
lis
gay
gardens.
:
that
reputation.
Mr.
Fyfe
Smith,
whose
work
In
the
:
-
.
interests
tf
floriculture
has
for
Daijy
tfews
-Want
Ads"
bring
owuiy
jcars
oeen
unuagging,
may
j
rauJtj.,
Department
of
Trade
and
Commerce
.
ottawa,
canada,
December
27th,
1930.
Ring
Out
the
Old,
Ring
in
the
New!
Another
few
days
and
1930,
with
whatever
it
has
brought
us
of
success
or
of
failure,
will
have
passed
into-
history,
and
our
thoughts
will
be
centred
on
a
-
new
year,
and
on
the
better
times
we
sincerely
hope
it
has
in
store
for
us.
While
the
opportunites
of
the
past
are
gone
beyond
recall,
the
future
Is
ours
to
make
of
it
what
We
Will.
And
we
can
make
It
a
fu
brighter,
a
far
more
prosperous
future,
for
ourselves
individually
and
for
Canada
as
a
whole,
if
we
all
resolve
to
profit
by
the
lessons
our
experience
has
taught
us.
Among
those
lessons,
surely
we
have
learned
how
dependent
each
of
us
is
for
his
own
opportunities
and
his
own
advancement
upon
the
well-being
of
Canadian
producers
as
a
class,
and
bov
much
better
St
would
be
for
every
one
of
us
if
in
our
daily
buying
we
were
all
to
favour
Canadian
products.
If
you
believe'
that
"Producedin-Canada"
doctrine
is
sound
common
sense,
that
it
points
the
logical
way
not
only
to
relieve
unemployment
but
to
lay
broader
and
deeper
the
foundations
of
our
national
prosperity,
why
not
make
the
practice
of
It
one
of
your
foremost'
resolutions
for
1931?
Celebrate
the
new
year
by
ringing
out
old
habit
of
carelessness
in
buying,
and
ringing
In
the
new
resolve,
henceforth
to
be
studiously
careful.
For
1931
let
this
be
your
creed:
'
"
v.
C
1
'.''
"
"I
believe
in
Canada.
.
v...
-
"I
love
her
as
ray
home.
I
honour
her
Institutions.
I
rejoice
In
the
abundance
of
her
resources.'
"I
glory
in
the
record
of
her
achievements.
I
have
unbounded
con-fidence
in
the
abjlity
f
her
people
to
excel
in
whatsoever
they
undertake.
I
cherish
exalted
ideals
pf
her
destiny
as
a
leader
among
world
nations.
"To
her
I
pledge
my
Ipyslty,
To
the
promotion
of
her
best
Interests
I
pledge
my
support.
Td'
her
products
I
pledge
my
patronage.
And
to
the
cause
of
be
producers
I
pledge
my
devotion."
If
you
are
willing
to
embrace
this
creed,
a
copy
of
same
artistically
executed
in
colours,
and
pa
heavy
stock
suitable
for
we
as
a
wall
hanger
or
for
framing
is
yours
for
the
asking.
Just
dip
and
fill
la
the
coupon
herewith.
Address
your"
envelope
as
shown
on
the-coupon.
Mail
it
without
affixing
stamp,
for
this
particular
letter
will
be
carried
free.
Very
sincerely
yours,
'
Minjster
of
Trade
and
Commerce.
'
..
.
.
..
JEG2&J2.
r-..
to
Uulicu
tk.
Uouu,,,
yw,
w.nt
The
Dally
News