Prfnre
ttuucrt
Daily
JSrUis
Ralurday
January
18,
1047
An
Independent
dally
nr
wspaper
devoW
to
the
upbuilding
of
Prince
Rupert
And
all
communities
comprising
northern
and
central
British
Columbia.
-
(Authorized
as
Second
Class
Mall.
Post
Office
Deoartment.
Ottawa)
x-uoiisnca
every
niiernoon
except
ounaay
Dy
Prince
Rupert
Dally
News
Ltd,
3rd
Avenue.
Prince
Rupert.
British
Columbia.
Q.
A.
HUNTER,
Managing
Editor.
H.
O.
PERRT,
Managing
Director.
MEMBER
OP
CANADIAN
PRESS
AUDIT
BUREAU
OP
CIRCULATIONS
CANADIAN
DAILY
NEWSPAPER
ASSOCIATION
.
SUBSCRIPTION
RATES
"
By
City
Carrier,
per
week.
15c;
Per
Month.
65c;
Per
Tear.
17.00;
V.
By
Mall.
Per
Month,
40c;
Per
Tear,
14.00.
A
Great
Boost
P
EVER
A
STRONG
CASE
was
made
out
as
to
J
-why
Prince
Rupert
instead
of
Vancouver
should
"be
made
the
real
administrative
and
supply
centre
for
the
industry
and
business
of
this
great
hinterland
it
is
certainly
done
in
the
memorandum
which
has
"been
presented
to
the
Air
Transport
Board
in
support
of
Canadian
Pacific
Airlines
application
for
a
scheduled
air
service
charter
between
here
and
Vancouver.
We
have
been
running
this
highly
interesting
and
informative
memorandum
in
successive
installments
of
extracts
and
today
we
publish
the
section
having
particularly
do
do
with
Prince
Rupert
and
the
Queen
Charlotte
slands.
It
is
therein
that
the
submission
is
made
that
Prince
Rupert
is
the
supply
centre
for
the
Queen
Charlottes
and
the
Stewart
mining
area,
that
supply
house
subsidiaries
should
be
shifted
from
Vancouver
to
Prince
Rupert
as
the
consumption
centre
and
that
financial
risks
involved
in
operation
in
this
area
would
be
greatly
decreased
if
supplies
and
replacement
parts
were
available
here
and
not
five
hundred
miles
away
at
Vancouver.
The
memorandum
further
recognizes
that
"the
area
surrounding
Prince
Rupert
is
one
of
the
richest
in
Canada
in
every
necessary
raw
material
for
industrial
activity."
-
If
there
were
a
main
line
air
service
into
Prince
Rupert,
the
memorandum
asserts,
"transfer
of
head
offices
of
industries
operating
in
the
area
to
Prince
Rupert
(from
Vancouver)
would
become
entirely
practical
with
consequent
shift
of
population
and
increasing
efficiency
of
direction."
Such
statements
as
these
fit
in
very
well
indeed
"with
the
new
theory
which
was
advanced
here
this
veek
by
Col.
H.
F.
E.
Smith,
the
new
provincial
industrial
and
trade
representative
from
British
Columbia
to
London,
England,
thai
it
is
time,
in
the
economic
interests
of
the
country,
that
there
was
a
decentralization
from
Vancouver
to
a
second
site
and
channel
of
trade,
industry
and
traffic
on
this
coast
which
would
logically
be
here.
It
is
particularly
significant
that
such
admissions
as
these,
which
we
have
long
advanced
ourselves
but
like
a
voice
crying
in
the
wilderness,
should
now
be
spontaneously
made
in
such
a
way
by
a
responsible
trade
representative
of
the
government
and
by
the
subsidiary
concern
of-Canada's
second
great
transportation
system
which,
so
far
at
least,
has
never
had
much
of
a
stake
in
these
"parts.
It
is
all
very
encouraging
for
us
to
find
support
in
such
new
quarters
as
these
for
the
campaign
which
we
have
long
been
waging
for
recognition,
development
and
on-the-spot
exploitation
of
our
resources
and
strategic
economic
position.
Cardinal
Villeneuve
Jean-Marie
Rod-rlgue
CARDINAL
Villeneuve,
whose
passing
In
Los
Angeles
is
mourned,
was
born
the
son
of
a
shoemaker
but
became
a
prince
of
the
Roman
Catholic
Church
before
he
reached
50,
overcoming
obstacles
incident
to
humble
birth
by
determination
and
devotion.
Successively
college
professor,
.superior,
bishop
and
archbishop,
he
was
elevated
to
the
Sacred
College
of
Cardinals
by
Pope
Pius
XI
March
31,
1933,
the
fourth
Canadian
appoint-
ert..tO'the
cardinalate.
Known
as
a
scholar
of
high
literary
attainment,
His
Eminence
wrote
numerous
articles
on
religious
philosophy
and,
after
he
became
a
cardinal
particularly,
evinced
a
keen
interest
in
public
affairs.
Referring
to
"separatism
in
.
Quebec,"
he
said:
"I
believe
that
the
more
the
French-speaking
people
will
be
them-.
selves,
with
their
proper
spirit
ancLaricestral
peculiarities,
the
more
they
will
nourish
in
their
hearts
their
deep,
precious
love
for:Canada.
That
is
the
only
kinrLof
separatism
we
teach."
During
the
Second
Great
War
Villeneuve
urged
enlistment
of
Canada's
young
men
in
the
armed
forces.
"We
are
legally
at
war
and
we
are
bound
to
fight,"
he
said
in
1941.
"That
is
,why
""also
It
does
not
suffice
to
lend
one's
money.
We
are
bound
.
.
to
contribute
to
victory
by
.
raising
men
and
it
is
a
national
patriotic
duty
to
supply
this
necessary
contribution."
Speaking
to
Canadian
servicemen
at
Westminster
Cathedral
in
London
in
September
-that
year,
Cardinal
Villeneuve
paid
a
special
tribute
to
the
fortitude
of
the
British"
people
under
the
onslaught
of
German
bombers.
"Nothing
has
filled
my
heart
with
more
profound
sympathy
for
the
people
of
this
country
and,
might
I
add,
with
greater
admiration
for
their
spirit,
than
what
I
have
seen,
especially
here
in
London,
of
the
ruins
caused
by
months
and
months
of
continuous
bombardment."
The
keynote
of
his
wartime
speeches
was
his
plea
for
a
new
and
better
order,
embracing
more
Justice
and
less
selfishness
in
the
ensuing
peace.
Winning
the
war
by
arms
alone
was
not
enough,
he
often
said.
It
must
also
be
won
"by
the
souls
of
the
country."
He
saw
the
war
as
a
conflict
of
two
Ideologies
and
in
a
November,
1944,
broadcast
marking
his
return
from
overseas
he
said
that
"the
present
conflict
has
long
since
developed
into
one
of
opposite
ideologies;
one
which
tends
to
dispossess
man
of
his
most
precious
liberties
of
his
very
soul,
to
make
him
a
blind
tool
of
the
state;
the
other,
which
fights
to
preserve,
and
the
vicissitudes
inherent
to
man's
fallen
nature,
the
Christian
concept
of
man's
dignity."
Ho
was
an
unremitting
foe
of
Nazism
and
Communism.
He
termed
the
latter
on
one
occasion
"an
irreducible
threat
to
religion
and
the
Christian
civilization."
In
January,
1945,
addressing
a
St.
Jean
Baptlste
Society
meeting
in
Quebec,
he
said
"Communism
is
more
subtle
than
Nazism."
COLOR
HALLUCINATION
Accidental
color
Is
the
name
given
to
an
imaginary
color
seen
when
the
attention
is
fixed
on
a
white
surface
after
It
has
been
concentrated
In
a
bright
color.
BRAZIL'S
INDIANS
Approximately
,1,500,000
in-
dlans
still
reside
in
Brazil.
'SNOW
SQUALLS
COVER
CITY
Weather
.Man
In
PrlnCf
Rupert
Still
Temperamental
Carrying
on
with
his
January
tantrum,
the
Weather
Man
exploded
an
overnight
combination
of
wind,
hail
and
snow
on
the
city
that
sent
headgear
flying
and
deposited
more
than
an
inch
of
snow
on
city
streets
that
had
been
cleared
of
snow
by
a
thaw
only
a
few
hours
earlier.
The
wind,
reported
to
have
reached
gale
force
in
outside
coastal
waters,
blasted
at
the
city
in
gusts
which
reached
a
peak
velocity
of
29
mll
an
hour
from
the
southeast
between
3
o'clock
and
4
o'clock
Friday
afternoon.
Often
the
wind
bore
in
with
squalls
of
stinging
hail
which
made
pe3estflan
travel
extremely
miserable
and
which,
during
the
night,
covered
the
city
with
a
fresh
snow
blanket"
an
inch
in
depth.
The
snow
and
hall
continued
in
gusts
this
morning.
The
snow
underfoot
remained
soft
and
wet,
making
so
far
no
great
hazard
to
motorists
who
are
now
conditioned
to
the
worst
that
the
Weather
Man
can
offer.
Overnight
temperature
in
the
city
wa3
31
degrees,
mild
enough.
despite
its
one
degree
of
frost,
to
keep
the
snow
blanket
from
becoming
dangerously
frozen.
Local
forecast
today
was
for
snow
squalls,
although
it
waj
not
expected
that
the
wind
to
day
would
be
as
strong
as
on
Friday.
Official
precipitaUon
reading
for
the
12
hours
ending
at
4
o'clock
this
morning
was
.87
inches.
Wins
Scholarship
Journalism
Work
TORONTO,
ff
Ray
Gardner.
aged
27,
Vancouver
Sun
news
editor,
has
been
awarded
the
first
Kemsley
scholarship
In
Journalism.
He
will
spend
a
year
In
Britain
gaining
experience
In
!
various
offices
of
the
Kemslev
chain
of
newspapers
Steamship
Sailings
For
VancouTf
i
Monday
ss
Princess
Adelaide
10
pjn.
Tuesday
ss
Coqultlam,
1:30
p.m.
Thursday
ss
Prince
Rupert,
11:15
pin.
Fridav
ss
Catala.
10
n.m.
Saturday
ss
Camosun,
9:15"
p.m.
From
Vancouver-Sunday
ss
Coqultlam,
p.m.
Monday
ss
Princess
Adelaide.
pm.
Wednesday
ss
Prince
Rupert,
10:00
ajn.
Friday
ss
Camosun,
3
p.m.
Friday
ss
Catala,
p.m.
For
Alaska
Wednesday
ss
Prince
Rupert,
midnight.
Friday
ss
Camosun,
midnight.
From
Alaska
Thursday
ss
Prince
Rupert,
'
p.m.
Saturday
ss
Camcsur.
7
p.m.
Gihuini
Aspirin
is
MARKED
THIS
WAT
INCOME
TAX
Returns
Prepared
See
R.
E.
MORTIMER
324
"2nd
Ave.
Phone
88
Returning
Service
Personnel
Records
Are
Being
Sought
The
Daily
News
is
anxious
to
completely
record
the
arrival
of
all
service
men
and
women
returning
home
from
the
war.
Accordingly,
It
is
requested
that
Information
be
made
available
to
this
office
regarding
the
date
of
arrival
home,
the
service
with
which
the
veteran
has
been
Identified,
in
what
theatres
of
war,
if
wounded,
ill,
etc.
If
Inconvenient
to
call
at
the
office,
the
Information
may
be
written
or
telephoned
In.
Pictures
would
be
particularly
welcome.
Street
and
Postal
addresses
and
telephone
numbers
are
also
requested.
The
Roval
Bank
of
Canada!
I
Annual
Sydney
G.
Dobson,
President,
declares
increased
industrial
output,
co-operation
between
management
and
labour
and
substantial
tax
reductions
would
provide
bedrock
of
future
prosperity
'
''If
business,
labour
and
government
keep
their
heads,
theie
is
no
reason
why
we
should
not
complete
our
delayed
reconversion
plans
this
year
and
prepare
to
step
forward
In
futuie."
fames
Muir,
General
Manager,
reports
assets
at
record
level
for
t
sixth
consecutive
year
notes
increased
financial
assistance
renderea
business
and
individuals
deposits
at
Sl,3,103.951
reach
new
high
point
foreign
branches
valuable
aid
to
traders.
.
Warning
that
lavish
govern-
pulpwood
exports
use
over
5
per
ment
expenditures
provide
po
cenc
assurance
of
good
times,
and-
"Though
duId
and
paper
cre-that
living
standards
cannot
be
:
ates
more
employment
than
any
raised
through
less
production
,
other
manufacture
and
is
the
and
higher
wages,
was
voiced
by
largest
single
Item
In
Canada's
Sydney
G.
Dobson,
President
of
export
trade,
yet
fire,
insects
The
Royal
Bank
of
Canada
at
i
and
disease
consume
60
per
cent
the
bank's
Annual
Meeting.
more
wood
annual.y
than
do
the
On
the
other
hand
he
declared
Pul
and
paper
mills.
Other
that
increased
production
and
countries
have
succeeded
In
ahoie.hartirt
rn-mwratinn
k-
practically
eliminating
wastaK'-
tween
management
and
labour
would
provide
a
solid
basis
for
prosperity.
He
also
noted
that
the
present
level
of
taxation
was
a
drag
on
business
and
that
substantial
tax
reductions
would
give
an
incentive
to
individuals
and
to
Industry,
encourage
ex
pansion
and
new
ventures,
en-couraae
areater
Droductlon
and
lower
prices
and.
therefore.
prove
an
aid
to
a
higher
standard
of
living.
CANADA
PLAYS
FULL
PART
Stressing
the
increasingly
important
rule
of
Canada
in
world
affairs,
Mr.
Dobson
said:
"Canada
is
playing
her
full
part
in
the
peace
organizations
and
served
on
nine
international
I
bodies.
She
was
the
second
1
largest
contributor
of
food
and
i
the
third
largest
contributor
of
money
to
UNRRA.
She.
has
the
largest
store
In
the
world
of
the
basic
essential
of
atomic
energy
uranium.
I
believe
that
though
in
numbers
the
Canadian
people
carry
small
weight
In
the
world
when
the
account
of
world
well-being
comes
to
be
added
up
it
wood
shipped
put
of
Canada
In
a
raw
state
in
a
year
would
.supply
a
.trge
paps
'
-making
m-
ru.5lff;
,
,
,,
will
be
found
that
the
weight
of
Canada's
Influence
was
a
big)
factor
in
whatever
success
If;
attained."
"I
think
that
experiences
ot
aiPSttt
"J?"
SM
Si8&toWSI'
JlW
.
be!,,
V-iand
not
long-Eev-i-ti.
3
Con-inti5t
ih?
SiJd.
nprfnie
I
"
been
increasing
steadily.
As
:
versed."
;
tagtoiw.
4.
Pertaining
to
on
nf
,
,
ine
oi
sausiy
neeas
piopie.
,
,
th
r
lh
nn
n.lnttr
,t,
j..Kt.
.
i.hn,.
in.
"There
are
many
w
"".
.
o"'-"
-...I-,
i
i
as
political
and
economic
security,
facilities
for
improvement
and
relaxation,
competent
health
services,
and
wider
education,
but
I
shall
speak
particularly
of
the
business
aspects.
I
believe
that
prosperous
business
conditions
will
be
the
bedrock
upon
which
people
will
satisfy
most
of
their
other
wants.
SUCCESS
NOT
MADE
OF
DREAMS
"There
have
been
all
sorts
of
plans
laid
out
by
advocates
of
Improvement
In
our
economic
aiiairs,
out
it
is
Becoming
clear
.
tnat
many
oi
ine
oia
principles
months,
we
have
seen
articles
of
sound
economics
will
survive,
.
the
effect
that
today
more
and
some
that
had
besn
aban-)
than
ever
increased
industrial
doned
must
be
returned
to.
On
i
output
is
a
necessity.
We
need
the
whole
our
Canadian
people
!tne
best
co-operation
pjsslble
are
sensible
and
sound.
Theybetween
management
and
ia-are
entertained
by
pictures
and
bor
The
hlgh
rate
or
pri)diic-stories
of
Utop
a,
but
they
know
i
tlvUv
whlch
would
ren,iF
wou!d
that
success
is
not
made
of
!be
tne
oniy
effective
influence
I
dreams.
The
story
of
Canada's
know
of
against
inflation."
tsourees
fndtheMSy1
Dpalin
w,th
the
action
of
Sf
iSSrie
taxation,
Mr.
Dobson
noted
that
t
in
uslnir
the
P
P
B
2n;?M
war
expenditure
was
down
to
.
.
.
35
per
cent
of
what
it
was
In
"Roughly
68
per
cent
of
our
tne
neak
year
-yet
the
govern-population
are
under
43
years
!ment
ls
c0Hectlng
in
this
taxa-of
age.
That
means
that
the
tlon
year
an
am0Unt
equal
to
.,
Vi
v...
yv
"
not
yet
'set'
in
its
ways,
but
is
ot
an
age
to
demand
the
latest,
or
better
than
the
latest,
in
devices,
cemforts
and
services
of
all
kinds.
It
is
a
thought
to
keep
every
business
executive
on
the
alert,
because
people's
wants
rule
the
market
and
decide
the
profit
or
otherwise
of
production.
"Given
an
Intelligent
approach
by
business
executives
who
are
trying
in
a
sincere
way
to
develop
a
better
knowledge
of
what
the
consumers
want,
there
la
no
reason
why
Canada
cannot
look
forward
to
a
period
of
great
expansion,
profitable
busi
ncss,
and
higher
standards
of
living.
I
regret
very
much
the
Irresponsible
outlook
many
persons
have
regarding
orfc
and
wages.
I
am
one
who
believes
that
the
time
will
coir.e
again
when
possession
of
a
job
will
bn
considered
an
asset,
when
having
a
little
money
as
a
standby
will
loom
larger
in
peoples
minds
than
leisure
hour3
True
.itlsfaction
can
be
found
only
wlmn
the
worker
value
mainly
the
work
he
does,
and
not
how
much
no
i.
able
to
compel
his
employer
to
pay.
I
believe
in
a
high
standard
of
living
for
everyone,
and
In
leisure,
but
I
m
sorry
to
sav
that
too
many
of
cur
people
today
make
high
wages
ana
plentiful
leisure
the
ureatcst
alms
of
their
lives.
They
pay
too
littla
attention
to
the
fact
that
every
producer
is
also
a
consumer,
so
that
what
they
gain
as
producers
they
lose
Us
consumers.
It
Is
wholly
false
to
say
that
less
production
and
more
pay
per
worker
can
assure
us
of
prosperity;
jut
as
false
as
to
ttinic
i
r.at
raw
material
ana
labour
costs
can
bi
increased
without
,-,t
lcasi
a
correfpond-lnR
lncise
in
thv
cast
of
living.
'
FOREST
WEALTH
Reviewing
Canada's
fortunate
competitive
position,
Mr.
Dobson
pointed
particularly
to
Canada's
813,000
square
miles
of
productive
forest
wealth
and
urged
that
active
steps
be
taken
to
assure
Its
conservation.
"Canadians
are
generally
surprised,"
he
said,
"when
they
learn
that
their
pulp
and
paper
mills
take
only
about
23
per
cent
of
the
annual
forest
crop,
while
fuel
wood
takes
31
per
cent,
lumber
and
miscellaneous
products
take
41
per
cent,
and
Meeting
i
due
to
nature.
In
Sweden,
with
less
than
8
per
cent
of
Canada's
forest
area,
there'
are
more
than
twice
as
many
forest
engineers
as
in
Canada.
VALUE
MULTIPLIED
"I
wish
to
draw
one
fact
particularly
to
your
attention.
In
1945
the
pulp
and
paper
industry
took
pulpwood
valued
at
?1?2
muuon.
ana
conyeriea
it
mw
:
products
which
had
a
gross
value
of
$400
million.
In
other
words,
the
industry
multiplied
more
than
threefold
the
value
to
Canada
of
its
pulp
wood
cut.
In
course
of
that
process.
Its
mills
gave
employment
to
40,000
persons
and
paid
them
$80
2
million
in
salaries
and
wae.es.
In
addition,
it
supplied
workers
m
the
woods
with
employment
and
their
wages
amounted
to
$75
million.
When
you
add
t.ie
purchase
of
materials
and
-supplies,
$184
million,
you
realize
how
Important
the
indi'stry
i
.to
the
whole
economic
i?fe
cf
the
nation.
"That
ii.Is
Industry
could
be
iurther
expanden
;
cv
dent
when
we
consider
that
:he
pulp
inches'
puctSKT-Vf
in
'
"-.
.-...,
r
,
Industry
industry
the
ine
value
value
of
or
the
me
forest
iorest
cut
has
been
much
Increased
by
processing,
In
this
case
almost
doubled.
NEW
PRODUCTS
FROM
WOOD
j
'Tn
addition,
new
horizons
(
are
opening
up
for
the
use
of!
our
forest
products,
such
as
in
;
the
manufacture
of
plastics
and
,
textiles.
This
field
so
far
has
;
only
just
been
tapped,
and
holds
;
tremendous
possibilities,
wc
can-
ana
importing
clients
a
panning
not,
therefore,
afford
to
waste
I
service
-which
cannot
be
paral-or
to
see
carelessly
destroyed
any
leled."
portion
of
our
great
forest
re-
Mr.
Mulr
spoke
in
highest
sources.
!
nraise
of
the
loyalty,
ability
and
Throughout
the
responsible
financial
press
during
late
vi
ner
cent
oi
tne
approximate
1946
national
income
compared
with
11.05
per
cent
in
1938.
The
Flnince
Minister
set
his
requirements
at
$2,769,000,000
in
his
last
budget,
compared
with
$534,400,000
In
1938.
DRAG
ON
BUSINESS
"Now
it
doesn't
matter
where
that
revenue
is
accummulated
by
the-
Government,
or
how
It
is
taken,
the
withdrawal
of
this
money
constitutes
a
drag
upon
business.
Substantial
reduction
In
taxes
would
give
an
incentive
ta
individuals
and
to
industry,
encourage
expansion
and
now
ventures,
encourage
greater
production
and
lower
prices,
and
therefore
prove
an
aid
toward
a
higher
standard
of
living.
i
"Some
will
say
the
government
i
needs
the
money
for
social
welfare
and
subsidies
and
so
on,
but
I
would
point
out
that
lavish
government
expenditures
has
been
unsuccessful
In
creating
prosperity.
"A
'let
tlic
government
do
It'
attitude
will
not
get
us
anywhere,
and
necessity
alone
Should
be
the
decisive
factor
in
Judging
whether
to
retain
some
of
the
wartime
controls
and
practices.
In
some
cases
Ihr
manufacturers'
profit
ha3
been
squeezed
between
rising
costs
and
the
price
ceilings.
I
approve
the
policy
of
removing
control
gradually,
but
as
quickly
as
irnoda
and
services
become
av
ailable,
and
I
am
hopeful
that
world
and
domestic
conoitions
will
soon
permit
us
to
return
to
a
free
economy.
"This
country
reached
maturity
through
its
war-
effort,
politically
and
Industrially.
If
business!
labour
and
government,
keen
their
heads
there
Ls
no
reason
why
we
should
not
complete
our
delayed
reconversion
plans
this
year,
and
prepare
to
step
forward
in
future."
GENERAL
MANAGER'S
ADDRESS
In
presenting
the
oank's
77th
Annual
Report,
Mr.
Mulr,
Oeneral
Manager,
stated
that
for
the
sixth
consecutive
year
the
total
assets
of
the
bank,
which
now
stood
at
$2,131,974,316,
had
reached
new
record
levels.
New
records
had
been
established
in
many
departments
of
the
bank's
business.
Liquid
assets
totalled
$1,609,742,168
representing
81.03
per
cent
of
the
total
llabllitlei
to
thepubllc.
Tne
volume
of
commercial
hoans
in
Canada
ls
up
by
$25,
789,321,"
said
Mr,
Mulr,
"but
this
does
not
give
a
true
picture
'
rca-on
mat
ai
novcm
1015.
.i
Vi.
col
;.
I
,
campaign
was
in
full
swing;
iur
is
the
loan
total
a
complete
index
of
the
ilnanclal
assistance
which
Is
being
supplied
by
the
bank
to
our
clients
in
t.icir
post-war
business
acUvltles.
Ir.-;
eluded
under
ine
neaaing
.w
n
Bonds.
Debentures
and
Stocks
are
many
millions
of
dollars
representing
the
purchase
by
the
bank
of
short-
to
mid-tern,
bonds
and
debentures
Issued
by
clients
to
enable
them
to
carrv
out
expansions
and
improvements-
of
a
capital
nature
"In
addition,
the
smaller
clas;-of
customer
continues
to
take
substantial
advantage
of
our
facilities.
This
is
demonstrated
for
examDle,
by
the
fact
tnal
daring
the
past
year
we
have
made
a
total
of
nearly
15C.000
loans
of
$500
and
under
for
personal
purposes.
"Our
loaning
business
abroad
has
also
continued
to
expand
as
is
illustrated
by
a
well
diversified
increase
of
$16,623,715
in
commercial
loans."
RECORD
DEPOSITS
The
Oeneral
Manager
noted
that
total
deposits
Increased
by
more
than
$74,000,000
to
the
new
all
time
high
point
of
$1,963,-103,951.
The
number
or
deposit
recounts
in
operation
continues
to
grow
and
as
a
matter
of
fact
has
Increased
in
Canada
alone
by
110,000
during
the
year
bringing
the
total
In
operation
B0"
Vn
000
..
.
'
..xh
fnr
np
Vp.ar
were
$903,244
greater
than
for
the
preceding
twelve
months'
opera
tion.
"As
you
will
have
observed
from
the
Directors'
Report,
it
has
been
decided
15
transfer
to
the
Reserve
Fund
of
the
bank
$5,000,000
from
the
amount
at
credit
of
Profit
&
Low
Account.
"There
will
still
be
left
the
substantial
sum
of
$1,467,411
to
be
carried
forward.
"You
will
also
note
that
the
Reserve
Iund
has
been
further
increased
by
the
addition
to
it
of
the
sum
of
$15,000,000.
biin-ing
the
Reserve
Fund
of
the
bank
up
to
$40,000000
"It
may
be
recalled
that
in
the
depression
period
of
the
middle
30's
it
was
decided
to
transfer
$15,000,000'
from
the
Reserve
Fund
to
Inner
reserve.
Time,
however,
has
shown
this
tn
ha
vp
hoen
an
over!
conser
vative
precaution.
Consequently
,
mm
m
Tl
Ti
i-iiii.'kiv
IV
III
l.-l
1
V
TH
th
inns
IIHI-C
Dismissing
the
'wide
network
!
of
branches
operated
by
the
bank,
Mr.
Muir
referred
partlcu-1
larlv
to
the
useful
role
clayed
by
the
bank's
foreign
branches
in
facilitating
foreign
trad
.
"The
unique
position
which
p
occupy,"
he
said,
"as
the
Cana-;
dian
bank
with
the
most
exten-1
slve
chain
of
foreign
branches,
;
enables
us
to
render
exporting
interest
of
all
members
of
the
staff.
"Your
bank
ls
not
the
handiwork
of
any
one
man,"
hp
said,
"nor
even
cf
any
small
group
of
men.
On
the
contrary,
lit
is
a
monument
to
the
co-op
erative
eiiort
or
many,
each
one
serving
with
enterprise
and
enthusiasm
in
his
or
her
particular
sphere
of
chity.
"I
cannot
commend
these
men
and
women
too
highly
to
you,
'
nor,
as
I
see
It,
can
the
Man-
agtment
of
the
bank
render
a
greater
service
to
vou
than
that
:
they
should
at
all
times
try
to
encourage
that
a
staff
such
as
I
have
described
is
fostered,
en-
i
couraged
and
maintained."
You
saw
It
in
The
Newsl
ENJOY
YOUR
RADIO
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REPAIRS
ON
ALL
MAKES
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RADIOS
Rupert
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and
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0
Phone
644
National
Jnyecc
TO
THE
PEOPLE
OF
PRINCE
RUPERT
Who
Suffer
With
Their
Feet
You
will
be
interested
to
know
that
there
Is
a
man
in
town
who
has
had
a
wide
experience
in
the
correction
of
fallen
arches,
and
can
make
Arch
Supports
that
will
relieve
that
painful
and
tired
feeling
tiiat
only
foot
sufferers
can
explain.
Mr.
Bill
Terry,
with
many
years
of
study
of
foot
ailments,
Is
at
Hill's
Shoe
Start,
and
will
be
pleased
to
take
an
Impression
of
your
feet
and
let
you
know
what
can
be
done
in
your
individual
case.
Mr
Bill
Terry
is
also
in
charge
of
the
Shoe
Repairing
Dept.
where
your
repairs
are
executed
neatly
and
prompt-iy.
oall
around
and
see
him
for
either
While
in
Terrace
T
errace
THIS
AND
THAT
"My
grandfather
fought
for
the
Union
in
the
civil
War
don't
know
whether
it
was
the
C.I.O.
or
the
a.f
,ii
Better
English
By
D.
C.
WILLIAMS
1.
What
is
wrong
with
this
sentence?
"My
salary
has
been
raised."
2.
What
is
The
correct
pronunciation
of
"lon&evlty"?
3.
Which
one
of
these
words
is
misspelled?
Hideous,
courageous,
contageous,
lemporaneous.
4.
What
does
the
word
"skc-p-ttea!"
mean?
5.
What
word
beginning
with
ser
means
"slavery"?
Answers
1,
Say,
"has
been
increased."
2.
Pronounce
lon-Jev-i-U,
o
as
in
"on,"
e
as
In
"let."
bath
i's
as
in
"It."
accent
recond
syllable
u.'uuij
l
uuuiuiii-i.
skeptical
mind
would
not
accept
it."
5,
Servitude
SAVOY
HOTEL
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Zarelli,
Prop
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31
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1910
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