BER 20, 1944 THE DAILY NEWS PAGE FIVE ..iCIIH'AV from page 1) ,msn passes. One j Dimona. AJas-Dele-.ate In tha reicntatlves. "The tary Road," he ned to be ot firsts nee as a coneo i - .1 limn the niasKit , . ... it- sports ol aoum, ka. I also believp it the great scenlj c North American ter Delegate Dim-the Haines Road p, ni" worus were Dmiinciint(ltlvi ell of Oregon, a House Committee s, which has Jurls- Aianka, s Koad " Congress-told newspaper In i c. t..,lll Ka nt arterial route, Inside Passage for on to Haines and direct connection aska Highway, giv- thruugh route to the road ranks 1 1 I. III. ivcr Hishwav and. an ruuus tu ijiiii IUIIIUU III 'III Ml , , II t ve ii 'icii is an malefic roads, for HI l II liHUkJI a iinri IT Ir Llirilllf IVllllL- jnd Crown FInt, tii.iiaiiujt ui ilia unii ' jn Congressional :H... T14 1U. I K L I 1 1 If L I I IIII1 lilt R)er Snow-capped i rn nni n 1 1 n u rii i ri ... ,., .... ...111... lb ' "n.J Ml VI QHIIIV4 tfis aiplne setting dra'- ,ns, Here and .... i... i t lui uy giutiers ui 121 L.r:s wmrn hlp, .anlte moun- .1 Jl I III I II-1 I VI ff II ; "1 lackplnes sets vi rjjk and the white 1 to the Canadian :.;ce of 42 miles, .a '.raverses one of .inn oi uie roaa 1 I 1 j ' ' iiririy mux uri . ic i ri nr im nrinriin 3d. At the border Camp, where nearly I ao the red- oelcers as they TP (A ha VlnnH 1-A on the Alaska- , a: .1 I., i ii . vnnntr inn. j ,.f t . -- vui.l. a v a i.ai rw o - inn' win r a . UVIHVr V V J r I u'Dnpinii rhn Aiir 1 Pro.. . 1 beyond the call of UUI1 , ,, WHt.lM, hi 'iu.ui jf nuau; me soil of British This Is the most vva laoK. .i uovvuua wic 'au trees of the sea- "111 i-. - l . IK -nrn ffinf ...i. t v. their own against and drifting snow.: ui wna nowers re-frownlng cliffs and scene grows wilder.' summit of the ThrPP tands watch like a n h -i an look back down ""Rat watershed all the sea, f mi DO f f T T I uiri mm me iirnrv tu . . - iiiia, means tiuuuvn inrpo ion. K'apnic entitles 42 ajka, 43 miles In Drl- ua, and 80 miles In VUU, ,J ' the Junction of the "u me AiasKa est Of Alaskan rnari. '-it j j- a vjuui I c nausuoria- "iiuiarv sun- ihn nnL . A"e i;ni-ee Guardsmen Passes inn t . . ". vinous old Jack what speaker or jnuage Is not fam- hL:(l"aln,s. rising .1 n rl T-n -- uaiioni" mWt. I. tU. U..t Tl O n Allld 13 tile U1UC3I, atterinlnU9lsal5o "1V.UOI uarracks. Questions and Answers Amnvlni milt. muciivutt tary post In Alaska. After the United States took oyer Us largest territorial possession follow (Tear out this advertisement Put it in your Q: What are. Victory Bonds? A: Victory Bonds arc the best buy any Canadian can make. They show that you have loaned money to Canada to help win the war. They are your country's promise to return your money to you and, in addition, to nay you interest on that money every half year until you get it . back. This promise a promise which has always been fulfilled is backed by all the wealth and resources of Canada. When you buy Victory Bonds, you are not giving your money to Canada. You are lending it to your country at a time of national emergency. .Q: When will Victory Bonds be paid off? A: The money you lend to Canada will be j)aid back to you by your country when the Bonds reach their maturity date. Thjs date is shown on each Bond. Q: Can Victory Bonds be turned into cash before maturity? A: Yes. They can be sold at any time or, if the need for cash is only temporary, they can always be used as security for a bank loan. Q: Can Victory Bonds be sold easily? A: Yes. You can sell your Bond? at any time; without difficulty and without delay. Jrst take your Bonds to any bank, any investment dealer, stockbroker, or trust company. The current sales value of the Bonds, including interest up to the day of sale, will be paid to you while you wait. There is always a ready market for Victory Bonds. Q: Are Victory Bonds good security far a bank loan? A: Yes. They are the best security for a loan you can own. Victory Bonds are acceptable by all banks as security for a loan. When you use your Bonds as security for a bank loan, the interest income on the Bonds still belongs to you. This income will jay a large part of the interest chargei piuUcJcari..,. , Q: In xultat denominations are Victory Bonds available? A: Longer term 3 Bonds the kind most people buy are available in denominations of $50, $100, $500, $.1,000 and larger amounts. Q: 7o:t ij the interest paid on Victory Bonds? A: Interest is paid every half-year. The dates when interest is due are shown on each Bond. A sheet of interest coupons is attached to each Bond. One of these coupons falls due each half-year. The date of maturity of each coupon is shown on its face. On each interest date, you cut olf the coupon which falls due at that time, and take it to a bank. Any branch of any chartered bank in Caijada will give you cash for Victory Bond inurest coupons. There is no charge to you for this service. Q: Is Advertising and' Publicity needed to sell Victory Bonds? ' A: Yes. Our experience in this war, as well as our experience in the First World War, has proved the need for advertising and publicity during Victory. Loan campaigns. Some people would buy Bonds if there were no advertising at all. But, to make each Loan a success, it is essential to sell the largest possible .amount of Bonds to the largest possible number of people. Some people are reached best through newspapers, others through radio, others through speeches, and so on. Q: How much- does it cost to run a Victory Loan Campaign? A: Costs of all kinds amount to less than 1 cent for each $1 of Bonds sold. Q: Who will accept orders for Victory Bonds. during the campaign? A: Your order for Victory Bonds will be accep(ed by the Victory Loan salesman who calls at your home or place of business; by your neighbourhood bank; by any trust or loan company; by your employer; or by your local Victory Loan headquarters. Get Ready to Buy ing the $7,200,000 purchase from the Imperial Russian, Government, Chilkoot Barracks was the first post to be built. As late as I Q: What is the Payroll Savings Plan? A: Under this Plan, you place your order for Bonds with your employer. You pay for the Bonds by regular sav ings assignments from your wages over the next five or six months. Alter you have completed the final, payment, your employer delivers the Bonds to you. Q: IlViflf is the. Mdnthly Savings Plan? A: This Plan is for people who receive income regularly, who do not find it possible, or convenient to. u.se the Pay? roll Savings Plan. You can arrange to buy Bonds under this Plan either through a Victory Lpan salesman, or on. direct application, to apy bank, trust or loan company. Under tin's Plan, the bank, trust or loan company of your choice: buys. Bonds for your account. You make a down payment equal to 10 of their purchase price. Then yon take care of the balance over the next five months by regular monthly payments to the bank, trust or loan company. The amount payable each month is shown both oiy the Official; Prospectus, and on the forrp acknowledging your order. Interest begins tp accrue on your Bonds, right from the start. Your first interest coupon returns you interest at the rate of 3 on the payments you have made, and takes care of the interest charges on the unpaid, balance, of the purchase-price which you owe up to the. time you complete payment for the Bonds. -w Q: What is the Deferred Payment: Lelter? A: The Deferred Payment Letter is for Ieople who have an irregular income or who expect a lump sum of money within a few months. You can arrange to buy Bonds under this Plan, either through a Victory Loan salesman or on direct application to any bank, trust or loan company. The regular application form and a special Letter must be completed for this type of Bond purchase. Under this Plan, the bank, trust or loan company of your choice buys Bcmds forour account. You make a . " "clown ."payment, equal to atlcast lOJJr of the purchase price. Then-you take care of the balance within six months by one or more paym.er)ts to the bank, trust or loan company. There is no fixed schedule of payments. Interest begins to accrue on your Bonds right from the start. Your first interest coupon returns you interest at the rate of 3 on the payments you have made, and takes care of the interest charges on the unpaid balance of. the purchase price which you owe up to the time, you complete payment for the Bonds. Q: 7ou; much money, will Canada, spend this year? A: To win Victory, our spending now is at peak levels. Cash outlays are expected to average $190 every second, or over $11,400 every minute a total of at least $0,000,000,000 for the whole year ending March 31, 1915. This is 12 times the size of pre-war Budgets, which averaged around $500,000,000. Cash outlays consist of around $5,200,-000.000 for war purposes, and about $800,000,000 for other purposes. Q: Why are we. giving away war supplies, to our Allies? A: Canada produces a huge volume of war supplies, raw materials, and foods. Part of these we need in Canada. Part we need' for our Armed Forces overseas. And, part is needed by our Allies. We are engaged in a, common enterprise with our Allies. Victory will be delayed, and lives lost needlessly, if any of our partners lacks war supplies. It is in our own interests to maintain and increase the vital flow of arms to the fighting fronts particularly at this stae of the war. Britain and others of our Allies have some1 receipts in Canadian dollars obtained in payment for goods sold to US, and; from other sources. These receipts enable them to pay for large quantities of the things they need from Canada, But, they urgently need more; supplies than they can pay, for in this way, Wr;h a recognition of what is at stak,e, we can not allow any financial prpblems to interfere with the sensible sharing of our war production with our Allies. They are paying for- all the 1938 It was the only army establishment In the north, a fact emphasized by Den, George C, Marshal, Gen. H. H. Arnold, About Victory Bonds pocket or purse.. Read supplies tjiey can. But things, they need, and can!t pay for, are being trans-. ferred to them free of charge under our scheme of Mutual Aid, In. shprt, when we make, war, supplies available to our Allies, we hasten Victory and save lives. Further, the production of these goods, gives jobs and incomes to Canadian workers. Q: How do wcexpect to pay far war and othr expenses this year?- A: The Budget provides, for. the raising, of about $2,000,000,000 from taxes,-something less than $200,000,000 from trust accounts and other, receipts and, at least $3,200,000,000 from bar,-rowing. Each $1 of outlay will be raised about 40 cents frpm taxation and other receipts, and 51 cents from the sale of Victory Boqds, War, Sayings Certificsu.es, and other securities. Q: Are this year's, borrowings greater than last yearns? A: Yes. Our borrowing needs last- year were about. $2,900,000,000. This year, they will be at least, $3,200,000,000. The Budget for this., year states, that, this increase; in borrowing needs, requires larger purchases, .of Victory Bonds by more individuals than ever before because business firrns, and cprp-oratiqns cannot buy. any, more Bonds than they bought last year. With; production still increasing, the total q personal incomes, is, growing ever larger. And, despite high wartime taxation, the excess of money to spend over the costs of necessary wartime living standards is now greater than ever before. Increased personal savings to meet the. increase in borrowing needs is. both, necessary and possible. Q: 'Why does our country borrow our savings? A: There ar.e two. reasons, First, our country needs our money, to pay. the costs of the war And, second, every dollar we save to lend our country cuts ' Vdown our spending. Every cut in our V :', demand fpr tfilngs means tFatmore men and materials are released tp, war use. And, by, hplding down, our, demand for things closer to. the level of available supplies, pressure on the price ceiling is, reduced and the cost of living is held down. Q: Why not. collect all the mpney needed for war through (axatipn?: A:, We cannot rely on taxation to pay. all the costs of the war. If the, personal circumstances of everybody in Canada Were identical, it might be possible to pay all our war costs hy, taxation. We might; then .devise a system of taxation which, would involve equaj.sacrjfices by all, Each of us would bear his fair share of the real costs of the war once and for, all when, we paid our taxes. However, the personal circumstances.of people in different income levels, and more important, the circumstances of different, people in the same income level vary widely. There is no system of taxation which could give. . special consideration to all these variations. Accordingly, any attempt to cover, all our war costs by taxation, would mean unbearable hardships, for, thousands and thousands of people. Q: What: is meant by Inflation?' A J Inflation means runaway prices persistently, rising cost of living. Let's see hqw it could start ajul grow if we did npt keep things under control. In wartime, more people are working, farm incomes are hjgh. Money tp.spend grows, larger and larger, But, a large part of production is needed for war. Consqmers cannot get all they want. , When, things are scarce, people will, pay more and more for what, is available. Prices and the cost of living begin tq go up and, before long, workers demand, higher pay, Each increase, in pay would step, up costs of production- To. keep ii). bw: ness, producers and dealers would; ask higher prices, Each, increase in price would lead to new demands for, higher pay as workers tried to keep up with the cost of living. Rising costs and prices would keep, pushing each other up and up. victory At Chilkoot many illustrious soldiers, including Oen.e r.als Richardson and, Seward, served, their military apprenticeship, Delegate Dunond and Governor Oruehlng as they urged further, defence of America's principal rampart in the North Pacific. it at your leisure.) Fqp most people, wages and salaries woutd. never catch up with living costs. Money would buy less and less. Most of us would suffer, some more than others. Hardship, despair and confusion would sweep over factory, farm and home. Production of war and other goods would slow down. Inflation would create tremendous problems both for the present and the future. Since the start of the war, we have recognized the dangers of inflation and have taken definite steps to control prices and the cost-of-living. The willingness of the public to save to buy Victory Bonds has been a vital factor in the success of this program. Q: How are we fighting Inflation? A: We are fighting inflation in many ways. A ceiling has been set on prices. Costs of, production, including wages and sajaries, are controlled to prevent higher costs from pushing up the ceiling. Supplies are divided fairly among producers and merchants. Certain necessities of life are being rationed to ensure a fair, share to everyone. Oyr spending power is being reduced by. hfgh wartime taxes and by Victory Loans. The less money we have to spend, then the closer our demand to the volume of things to buy. This keeps down both the pressure on the price ceiling and the need for rationing. Our government has made careful plans to keep the cost of living under control, But, our co-operation is essential to make these plans work. We must economize and buy wisely; we.mHJt make old things do; we roust, , resist, the lure of luxuries; we ro'jst not ask for higher pay or for higher prices for the things we have for sale; and, we must save the largest possible amount of our incomes to buy Victory. ' ; Bonds. Q: Why are we asked to. save, our money? A:. Our voluntary wartime savings perform a number of vital jobs both during and after the war. First, every dollar we spend in wartime means that someone is. working for lis, ancFthat materials are' being used up for our wants. When wc kmc tliai dollar, that someone and those materials can work for quick and complete Victory instead of our private comfort. Next, every dollar we spend means we compete with our fellow Canadians for the limited supplies of goods. Every dollar we save helps to spread available supplies fairly, and helps to make sure that the goods go to those who need them most. Third, every dollar we spend increases the total demand for goods and puts, upward pressure on prices. Every dollar we save reduces the demand for goods and helps to keep down the cost of living. Individually, everyone needs a reserve of; savings to meet emergencies. Personal security and happiness are not possible otherwise. Every dollar we save increases our ability to meet em- , ergencies as well as helping out country in the ways we have just stated. Wartime savings also have important post-war leatures. ror one reason or another, everyone will be glad to have a reserve of savings when the war ist over. Completely apart from the value of sav ings as a reserve against emergencies, there will be many things we will want to buy in the post-war 'days when our resources can again be concentrated. on the production of civilian goods. Not only will we have a lot of postponed wants and needs which will have . piled up during the war years, but we , will want to buy the new houses, the, new cars, the new radios, and all the other things which will have improved-in. ra'hge and cjuality due tp technical advances. Again, we may want to have enough money tp start up our own, business or to learn a new trade to educate our children or to travel. The spending of our wartime savings in, these post-war days will have im- results. The demand for goods fiortant inanced by these savings will Stimulate production and thus give peacetime employment to Canadians. A high level of employment is good for everybody because it means a strong demand for, goods and services of al) kinds, and, a consequent high level of personal incomes. Bonds National War Finance CommiHet i ' ( i 'u J ... -1-iY -f . r-9, The cream-colored barraclcs ''ass. On clear, bright days the with the. broad green parade dazzling summits, are .reflected. grounds, lie In the shadow of thi In the sea. Few posts, have, so mountains' which guard Chllkat stunning a setting.