N' vember 15. 1940 p-idaj THE DAILY NEWS PAGE FIVE TT p m ii '.':) fr . sTlL rvf- ' 'I ' CITIZEN TAXPAYER EM-PL OYKR CONSUMER tnjoys 1 alkies , XJ.AVE you ever thought of your bank as a citizen, taxpayer, employer and consumer? Your bank strives to be a good citizen to render a useful service for a, moderate Remuneration. CAS A TAXPAYER, your bank pays heavy sums to your community, your province and the Dominion Canada's chartered banks paid over $9,000,000 last year alone; $42,000,000 in the last five years. C.AS AN EMPLOYER your bank and other chartered banks in Canada furnish employment to thousands of persons who are an asset of real value to the Community and to the Dominion. The banks paid last year over $35,000,000 in wages in the last five years, $174,000,000 a direct distribution of buying power all over Canada. The value of the services rendered by our men and women workers cannot be appraised in dollars. Their efficiency, courtesy and integrity are largely, responsible for the goodwill and pleasant relations between Canada's chartered banks and the people they serve. C.AS A CONSUMER the bank is a customer of your utilities water, light, power; it pays rent, boys fuel, office equipment, telephone and telegraph services, everything needed in modern business. In war, as in peace, Canada's Chartered Banks maintain, uninter rupted, their useful services safeguarding depositors facilitating the nation's business looking forward to to uninter- i ' funds; I peace I J IL, with freedom as the only sure basis of enduring prosper osperity. THE-CHARTERED BANKS OF CANADA DOLLAR ""iy cioths. Values up to M5. Dollar Day, each ""n and cream. Dollar Day special, 2 garments for $1.00 r , 140 U:S' PALI UNDEHWEAR Harvey Woods,! nice weight fancy knt gar-mtnts, wool mixture, snug fitting vests and Panties, sizes small, medium, large. Shades $1.00 LAMBSDOWN BLANKETS t "Wan designs reversible, assorted colorings, ta good quality. 5i1 Dllar Dav -m, .... CANADA 'ABLE TO I emphasize once more the enormous confidence ultimate victory. taurv nv war FFrnuT1!,,. n.inorai nrnrtiictinn nrt said: "In the minds of those o of . . . (stress the view that every encour-who have me falht conception ot (Continued from Page One) of business. Mr. Jaf fray- cited the above' figures as indicating the ability of the banks to handle the war effort requirements of Industry. "-"-Can Carry Program Turning to thei ability of the country aj-'a whole to handle its war! effort he pointed out that . govern- Undemn ment war orders some, 35.0G0 in . . . : : i number piacea up w ine ena ot September, totalled $550 million $410 million on Canadian account, $140 million on British account The figures covered aU purchases of munitions, aircraft, armaments, food and clothing and did not in elude soldiers' pay or the $233 mil lion of plant expansion which, with; other Items, brings Canada's war commitments and expenditures to date up to something over a billion dollars. June, July and August last), and with a considerable part of war expenditure In the form of wages aeement should be given by our ? enormous assey. uu. i w governments to our mines to In, crease production. Inflation "From time tlnued, "we effect that Canada should -resort to Inflation, or to one kind or an other of 'funny money' to finance war. I cannot too strongly i any such suggestions! as not being in trie best in-, terests of the country, and because I such experiments must Inevitably carry with them an aftermath of. depression. Labor of every kind is mo imance wis jjru&im v-"iis neneath the consideration of a loans had raised $500 millions of country such as Canada, and I can new money; taxation and other 0nly think that these who advocate revenues had provided the rest. such proposals cannot realize what' "With the ever increasing develop-, the results would be. There is only ment of our natural resources, a favorable export trade balance of doing Its part In the war effort in, a whole-hearted manner, working1 Ions hours, waiving holidays,. andl in contributing both by Its efforts and with its earnings to the country's need. To resort to any expe dient that would bring to working man at the end of finding its way into the hands of :perlod of time, individuals, and available to some extent for subscription to' further Dominion loans " Mr. Jaffray continued, "I am firmly cpnvinced that Canada can handle Its war effort limited only by ths "volume that can mechanically be produced and with-1 out upset to our national economy." i , . Would Encourage Mines States might operate to- restrict Canada's purchases in that country, the this war another period of depression,: one way In which to finance this war, and that is by taxation up to nearly $2000 million a year (It was, a level beyond which it would ruin $45 million for the three months of , its own purfjse, and over and above that by borrowings, to be paid from the development of our : unlimited natural resources over' a ' Extreme Taxation Unwise "Perhaps I might develop for a moment the question of taxation which, If carried to an extreme. nay produce results net greatly different from the aftermath of inflation. With the increased vol- rune of turnover In nearly all bus Commenting upon sugestions that''" -."" must be carried and an adverse balance with the United .Inventories Drougni iurener m aavanse. in.? present rate of taxation leaves to' the manufacturer, wholesaler, and . . , i others, little margin for Increased oauuicc ni impure uyer expurus u.r- ..... m nnrUv f CQf June. July and August amounting to Mrt ' , M $65 million; He added: "but these TS.J1V' .7;-.a" flgure? do not Include Interest pay ment. abroad nor the revenue of! nub Kicauv oui ui uuiiicc, uu the total value of our gold produc- Hon for the same three months ex- DAY Saturday at Fraser & Payne's Sec Windows For Numerous Other Items of Outstanding Value NOVELTY. HOUSE APRONS Assorted colors and styles in good quality-Prints and broadcloths, fast ' Q4 AA colors. Dollar Day. 3 aprons for Stores Close at fi O'clock Saturday Draperies, Made Up Curtains, and Curtain Fabrics For Dollar Day 40 inch Drapery Damask Fast colors In shades of Rose, Rust. Gold. g)g Per yard 40 inch Marquesette In a variety of designs, fast colors. v 1,00 4 yards for 40 inch French Fluffy Dot Marquesette Excellent quality, fast 1,00 colors. 3 yards for v Fluffy Dot Cottage Sets and Bedroom Curtains-All ready to hang. Extra wide curtains, standard lengths in a variety of colorings. $1.00 Set complete English Made Curtain Nets 36 inches wide, assorted designs, good fl QQ quality. 4 yards for British Made Rayon Silk Nets Assorted patterns, wide widths in various designs. Values in this lot up Q4 QQ to 65c yd, Special, 3 yds for 36 inch Figured Satin Cambric Blue, green, wine, black ground. Q QQ Dollar Day, 2 yds. for v 1 nn.-s' WOOL ANKLE SOCKS Wool ankle socks, assorted plain colors. All sizes in stock. $1,00 Dollar Day, 3 pairs for TABLE CLOTHS 52x52 inches. Silk mixed table cloths, asserted fast colors. t?X.UU 04 QQ Dollar Day, 2 for BLOOMERS and PANTIES Harvey Woods tailored panties and bloomers. Lavender line non-run, white and tea rose. All sizes. Q-f AA tJJi.UU Dollar Day, 2 for TEA and GLASS TOWELS Ready for use. Extra good quality. Blue and red check pattern. J QQ PJ.UV Special, Dollar Day, 6 for LADIES' SILK HOSE Ladies silk hose, mock fashioned, ringless, assorted popular shades. Sizes G- QQ 8V2 to lqgpollarjpgy, 3 prs. for Vi.VU CHILDREN'S SOCKS Samples'pure "wool "and silk and wool socks In a wide variety ,of colors. Regular value 50c pair. , SIz6s 5. to 3'. Dollar Day, 3 palrsfor $1.00 CHENILLE bEDSPREADS 25 only, assorted colors, large double bed size. 80x100 inches. 00 AC Dollar Dayeach'l.'i.. u j7i.tJtr CHENILLE BATH ROOM SETS Bath mat and toilet seat, as-' sorted colors. Dollar Day, set BOXED HANDKERCHIEFS Ladies' boxed handkerchiefs in a variety of designs, hand embroidered. 3 fl QQ handkerchiefs in box 4 boxes for V..vU me that the Government in assess-,! n or frwr t'OYoHnn eVinnlrf fair .this? tourist traffic noi-do,thev include fa;tor ,ntQ conslderat)oni as itj geld shipments. The first two are , w0 TOm.otfoWQ ,aoc nt J ter the war. the business men of i the country were fated with thei RntorV I linrllPfttl tar Club- The turet depleted departt. eng yina so !n:j ROiary LUnCneOn mass producti0n of motor cars as Planned so as to reduce the use of needed tQ balanM thfi &ccmnC' - JJist thm J SUot en at Detroit, .Michigan. All the man Potr. ceiled also with the accumulation of deflation with its accompanying important operatioas at the huge Among tfie ests were V? C. of American assets in one form or.ufferlng and unemployment were thirty acre plant at Fort Rouge were n c,f another controlled by Canadians brou?ht about even where there illustrated and described. One par- "" 01 r,""-c nnd which can also be drawn upon,'had bsen no inflation.". Teterday Robert Parker put on a tlcular feature of the series being and s- J- Jabour of Vancouver, R. Jf necessary, to support 6ur war ef-' wiieat No Detriment '"Hag picture program for the edi- the few men seen at the plant. One R. Nlchal of Winnipeg and Albert fort. I cannot share in these miS- Mr. Jaffray then touched upon BEDSPUEADS ISO snow white bedspreads. Full size, Rayon silk and cotton mixture. Damask effect. Good weight. 04 QQ Social, Dollar Day. each WM.OV 50 DOZEN PILLOW CASES Pull size pillow cases. Linen finished, ready 'tor use. Snow white. flf AA -Dollar Day, 5 pillow cases for .. VXVV WHITE BLANKETS White blanket, part wool, finished In Angles. Double bed size, nice soft warm ality, extra good value. ' CiQC Dollar Day, pair... tPt.tfO LADIES' PRINCESS SLIPS All the newest styles in satins, crepes, and i Igard the West's large crop as a 'detriment, "rather than a bless- jinsr." It had produced financing Sjand storage problems which an-F Hher croo misht even accentuate ti"but, in spite of this I would say. ipitbat it Is my conviction that this national weaun auiea 10 me, Icountry Is a tremendous asset, and that In the long run every bushel of grain that we grow will be needed, but it Is possible that, for the next year or two, a percentage of switching from wheat to feeding j grains many be In the best inter est oi our iarmers.-Mr. Jaffray decried any Impres sion that bank earnings are largely Increased as a result of war. Notwithstanding higher current loans, federal taxation had practically doubled, provincial taxes had not been reduced, and any small margin of added earnings that might be left in the banks would not be too large to provide for unavoidable losses In the after;war industrial adjustment. "I cannol see where the banks stand to gain" said the president. Praises Bank of Canada Touching the Bank of Canada and the Foreign Exchange Control Board. Mr. Jaffray declared that they nad both done an efficient, farsighted Job and If, particularly in the realm of exchange (control, individuals considered their personal liberties infringed, "T would only say to them that nothing has been done which is not in the best Interests of the icountry, and of the freedom of the world, and that their Individual inconveniences are a minor matter." Mr. Jaffray closed with a note of Commercial Hotel Prince Rupert Thoroughly Renovated Hot and Cold Water in Rooms Inner Spring Mattfesses, for Beds Harbor View ALEX FRUDHOMME Proprietor He are converted into on: us I An 0LD-FASHI0HES bottle and fan oM-fadMon&r rmdm ma chine Dent on crushir i.;ir cm-mies, the end will rxne speedily, and the las: vcr.'jj of tehtlaL of the British Empire. and.Hitlerism will be wir: 1 t .to thi .with -the-resources -of other friend, face of the arth. Lt u- tWt l. notions ln14(niT mi 4Tltvl- ! tYin fiv will Tint bp t&Vl'' . 'SJ nnil "Funny Mfttifv ' """""""s , "17 , . ana runny money ,,.... - nmU ni h irf1l-Ki"P8. it wme, ne con- . . j m i u -., ,.77i.Mr hear suggestions to the ?h;n?T?J P5 ? OTWr J"!? a" Tr " " " 10 me iinai outcome, unce vficsc wuiiu. -si. alK this streamlined age, there is sound thqught $hjjM behind the determination of Macdpnald Greenlees of Leith, Scotland, to continue to ship Grand Old Parr Whisky to all countries of the world in the old-fashioned untippable bottle. In far-off lands where house servants do not always read English labels, the squat brown flagon serves, to identify at a glance this famous product from Scotland. The bottle is the guarantee of the genuine imported Grand Old Parr Scotch Whisky. Macdonftid Greenlees Ltd. Leith, Scotland This advertisement Is not published or displayed by the Liquor Control Board or by the Government 'of British Columbia BOOKS TO BUY Now Is the. -lime to get your Xmas Bookv-We recommend the , following from our wide range of new titles Full' Size Blue Ribbon and Star Series S 1 5 0 At. each Modern Book of English Verse Le Galllenne. Modern Book of American V?rse Le Oallienne. Verses I Like Major Bowes. 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