r Is if I h I!';; THE DAILY NEWS. PRINCE RUPERT - BRITISH COLUMBIA , . , Published Every Afternoon, Except Sunday, by Prince Rupert Dally News, Limited, Third Avenue H. F. PULLEN Managing-Editor M CM RE ft OP TIIK CANAIHAN PKI.SH " TrwOaiudfen hws U txcluslvely entitle.! to um tor refiblic&Uon of all uovi dDtcfi-rf thlltai to U or to U A-eocUtucl Press in tMs Wvper una tlxt Utt local upw published tbenln. . AC rights of republication (A. EDwlal daanaichrt thwin nr also rwrva. j tMJLY EDITION Wednesday, January 15, 1MI. One Of The Reasons - - According to United States publications, one of the reasons for the out and out pro-Rritish policy of United States at the present time is the intimation from the Latin-American countries that, if Britain is allowed to collapse, they would havu to ease on to the Nazi bandwagon in self- defence. That would leave United States practically iso lated. So the all-British campaign was started largely as a. pelf-defense measure. Naturally, any weakening of the British Empire would strengthen the Nazi cause. Speaks The Language - - - One reason for President Roosevelt sending Harry Hopkins to London, it is said, is his ability to speak the language of Ernest Bevin, the great British labor leader. who next to Churchill, is the prevailing influence at White- hall. Roosevelt wishes to keep in touch with the more democratic movements in England and particularly with the possible future of the country when the war is over. 'What will England be like then?" he asks himself, so he sent Hopkins to find out. London's Still 'Ere When the new year was rung in at midnight by Big Ben, all London being blacked out, a Cockney voice was heard "And London's Still 'Ere." It was one of those appropriate remarks that is bound to be remembered. In spite of the bombing, in spite of the burning of a portion of the city, something that evidently might have been presented, the city is still there and will be there, no matter what the Nazis do to it. Churchill's reply to a remark: "They gave us something last night didn't they?" was we'll give them something back." Army Of Invasion Germany's strength is said to lie in her army but that arirtyhafc been inactive for a longtime and will steadily deteriorate if "left to live on the country it has taken, 1 It is hot as strong today as it was when France capitulated. However it is being kept intact and, as soon as Germany has means of transporting them and covering them with artillery and air force, an attempt will be made to invade Great Britain. Such a time may never conic but it may. Most British people hone it will and that soon, At anv rate the Germans will keen the threat alive in order to prevent, jiriusn iorces ueing sent to iner places wnere they may be needed. This advertisement Is not published or displayed by the Liquor Control Board or by the Government of British Columbia Men Who Prefer Hartt Shoes II I H It Is significant that leaders In business and professional life select Hartt Shoes for fit, style and wear. Your inspection is invited. ran HNH e I&TO Shoe FOR GENTLEMEN Family Shoe Store Some of the factors having a vital bearing on the extent antt effectiveness of Canada's. War Effort were dealt with extensively by Morris W. vVilson, President and Managing Director, at the Seveniy-Seeahd Annual Meeting of The Royal Bank of Canada in Montreal. Mr. Wilson drew attention to the fact that transition of Canada from ix-aoe-tlme to war-time econ- omy naci ocen maue wunoui un:m-elal disturbance or strain, and remarket! on the essential soundness of Canada's financial position at the present time. Mr. Wilson, however, warned that in the year ahead the financial problem would be more' difficult and called for drastic retrenchment by the public and by gov ernments In order that the maxi mum effort might be devoted to war purjxjses. "There is little evidence of "restriction of even extravagant expenditures oh the part of the public as a whole, except lasofar as this line of action has been made necessary by the Incidence of tax ation." he said. "Unless the public ate prepared to save a very large proportion of the Increased wages and salaries which are being distributed, there are three alternatives before us: (1) The Government must further drastically Increase taxation, or (21 A system of forced, savings must be adopted, or 3) The well known; Inflationary spiral will steadily gain headway. "Nor am I sure that Federal, Provincial and Municipal authori ties have eliminated from their budgets all unnecessary expendi tures and postponed all" capital outlays that can possibly be de ferred, as they should do in war time." 1AXATION Mr. Wilson expressed the opinion that "a considerably larger propor tiOn of our Costs should be met by taxation thdn has been Indicated by any plans so far discussed. It seems quite clear, that at the pres en temp of business pur national income is increasing at a much greater rate than the aggregate cl all taxes." Due to present business activity Provinces and Municipalities have had the problem of unemployment automatically solved for them and for tfife same reason then revenues have become Increasingly bubysnt "I trust this situation will result In definite tax reductions by them In order to cushion the effects of greatly Increased Federal taxation." said Mr. Wilson. While admitting that no perfect scheme of taxing profits or Income had ever been devised, Mr. Wilson expressed the opinion that present corporation taxes are not designed to produce either the maximum re turns or to spread the incidents of taxation fairly ovr industry as a whole. , "I advocate nothing that would tend to reduce total Federal cor poratlon taxes, but I am afraid that the Excess Profits Tax Is go Ing td bear unfairly on companies that during the period of the de pression have been far from pros perous, as compared with thore tliat have all alone filven a reason able return to shareholders. "Before leaving the question of war taxes, I should like to say that I think the personal Income tax has" been raised to. the full extent that Is economically desirable." WAU SAVINGS Mr. Wilson considered the pre3 eht efforts la expand sales of War Savings' Certificates, by far the most important feature" of Govern? ment finance'. This Is not because of the sums Involved. The" great bulk .of our war financing must as Usual be by way of bond Issues. But t feel that It has not been sufficient ly emphasized nor . understood that savings by Individuals In the tower Income brackets are essential for. another reason .of the greatest national Importance. Once definite shortages .of labour, materials or capital equipment appear, personal savings become Imperative,! At.thatitage,oniyby THX DAILY Miwi,.i- Ti i'iTV 72rid Annual Meeting, Royal Bank of Canada Morris W. Wilson, President and Managing Director, Call for Drastic Economies by Public and (Joverrt-inent to Permit Full Measure of War Kffort War Savings Campaign Most Important Feature Federal Financing Sydney Cu Dobson General Manager, Reports Unprecedented business Activity lint I'eak Not Yet Reached curtailment in the production of consumers-' goods can the produe"- tlon of war materials be Increased, j But surprising as it may appear,: those in the lower income brackets are responsible for a great, deal more than lialf the total purchases of consumers' goods- full iVe 3i increased purchasing power would mean that instead of the demand for ordinary goods being reduced, it would bo greatly Increased, and to that extent would stultify, our war effort. But war demand? are inexorable., aud if those who use the bulk of non-military production will not reduce their demands, the only way the situation can be adjusted is by a rise In the price level proceeding faster than In-1 ureases In wages. Thls seems to me to be a i compelling argument for a com pulsory saving plan If the people' as a whole do not respond to the present appeal of the-War Savings Committee; otherwise those who are too weak or too selfish to face the Issue will have wasted a Dan of the benefits which would have accrued to the thrifty as well ad to themselves." WAOKS Mf iaYi fi itrtMi rntln . iiiiovu ikiauiivgu w It'll iviiu- faction that Canada has been large- ly rree or labour disputes si two the. beginning of the war and, "it is essential that neither strikes nor, lockouts should be allowed to in terfere with production." He fa voured the Government plan for a Uandard wage scale, supplemented by bonuses to meet any rise In the cost of living, the bonuses to ap ply evenly on a per capita basis and not as a percentage of exist ing wage rates. He felt that workers would accept their share of sacrifices if equal sacrifices are made by salaried employees, executives and capital. SIKOIS KKI'OKT Referring to the conference of Provincial Premiers to be convened shortly, Mr. Wilson said, "the main principles laid down In the Shots Report can be said to commend themselves to most dispassionate observers' "If, in the exaltation of common sacrifice, a better plan Df Government cannot be found, I greatly fear that It will not be found when peace returns." In conclusion, Mr. Wilson spoke Df the "terrible confirmation" dur ing 1940 of his statement made a year ago, that "the very existence of the Empire is at stake" In this war. "I fear that at times we are inclined to forget the bloody ty ranny within Germany Itself, the steady extermination of the defenceless Poles, the senseless slaughter.of 30,000 civilians in Rotterdam, thfc Invasions of Norway, Denmark, Holland. Belgium follow Ing solemn undertakings to respect their neutrality! and the wan ton destruction of historic buid Ings and churches, sacred not only to the whole English-speaking world but associated with the fin est traditions of all humanity. These are things which -we must not forget If we are to retain a proper appreciation of what we are fighting against The new wcfld order proposed by Hitler . 6nt in which truth and honour hive no meaning, law lias no force, human dignity no placej a corrupt and corrupting tyranny, the qualifications for leadership of which embrace the basest traita of man." GENERAL MANAGER'S ADDRESS In presenting the financial state ment for the year Sj 0; Dob-son, General Manager, slated that Canadian business was experien cing unprecedented activity and that the peak hud hot yet been reached. Extending thanks of Directors and Executives to" the bank's 7,000 employees, Mr. Dobson said: "Four hundred ahd forty-six members of our staff have enlisted for military service, and one hundred and fif ty-eight wore have been accented and are subject to call. Leave Of absence has" been granted to all those whd have enlisted, and positions will be available to them when they return. Married men are being paid the difference between three-quarters , of salary and army payand slngls men the difference r Wednesday, January 15, 1941 Jlfcip You, too, can can SMILE SMILE on on inai uryj logy refl-tflt. Money back ft i . . - U not satiahed. lUinUr (tit. ( Mli washdays when you own an m a' r. i ?; tan Urn tit; M Pllla . H tU.U A Mk tor 1'Glao Pm") M( Electric Washer Every woman knows that washing by the old-fashioned hand method is the hardest kind of hack-breaking work. Washdays are dreaded and leave many women tired and irritable. What a contrast are the smiling faces of women who own Electric Washers! They let electricity the greatest of all servants do the hard scrubbing and rubbing for them. They know that their clothes will come out snowy clean and they know that Electric Washer action is so gentle that clothes actually last longer, too. A small deposit will place one in your homo. Balance on easy terms. NORTHERN BRITISH COLUMBIA POWER COMPANY LIMITED Whiff Sets From The Waterfront J . Capt. Larry Thomson, well known coast pilot, who was formerly stationed at Prince Rupert, Is here on tiavigatlonal duties. His headquarters are now at Vancouver. : Capt. Edward Mabbs arrived In the city on the Prince Rupert this morning from Vancouver to stand by the steamer Prince George which is In the local dry dock for annual overhaul. Union steamer Cardcna, Capt. 1 Enrest Sheppard, arrived in port at 12:45 noon yesterday from Stewart j and other northern points and sall- waypolnts. between two-thirds of salary and army pay. "The employee of our two Lon don offices are performing their I daily work amidst the death and' destruction of modern warfare, and are carrying on in the characteristic British way. We cannot speak too highly of their courage and fortitude, which fill us with admiration. Up to date there has been only one fatal casualty,'' Under the stimulus of war, business would experience still greater actitlty during 1941. "The Royal Bank," said Mr. Dobson, "Is fully equlpiwd to take care of all additional demands which may be made upon It to finance or otherwise handle this Increased activity and thus contribute Its &hri. tr Canada's war effort." TIRE EASILY? Tikt Gin PUlfthe "rete! or money Uck" kidney reraedywt0 fielp remove thcexceMtridsihat iL.il 'I ' A Mk I JOHN GURVICH, Contractor Wishes lo Announce the Founding of the Seal Cove Trucking anil Transportation Co. And for Your Service Offers 1 DUMP TRUCKS TO '1-YARD CAPACITY AND 2 LARGE COVERED VANS Small jobs jjrc our business but the bigger the job thobetter we like it For Any Type of Truck Hauling by Hour or Contract Phone THREE-TWO Please When Your Thoughts Turn Toward COAL ECONOMY ASK CENTRAL FOR n OUrCOAl yoi 651 or 652 ipWwrnn. i 1 votir home That's the quickest way of cyp.fOTnpletf uoiiiiecniiu up wim me oest coal propositions In this town. The quality coal we sell, will warm Its way Into your nn- Mike Coiussi Accordionist and Teacher A.A.A. Certlf. nto phonk ni;n Htt preclatlon, Jt&ZZZ Philpott Evitt & Co. Ltd. riIONfi.C51 652 Mrs. James Clark Palmistry SILVERS1DKS BLOCK 'Second St. Phone Orffn If you loac anything advertise lor It.