BANK
(Cuiitinued
from
page
1)
Prince
Rupert
Daily
News
Thursday,
January
10,
1952
Francois
U
Detonators
Barred
In
Noisy
Farewells
LONDON
(CP)
An
official
ban
LONG
MOURNING
LARGEST
BASIN
Amazon
Amazon
River
River
system
system
Timbering
On
Haines
Cut-Off
During
the
year
1951
Issuance
of
Itmbcr
sales
in
the
northwesterly
part
of
the
province
along
the
Haines
Cut-off
Highway
was
recorded
by
the
provincial
Forest
Branch.
Whilt
Pass
and
Yukon
Route
Is
c6in-
he
Sailors
in
the
British
Navy
to
increase
expenditure
in
the1
future.
What
really
matters
is
the
intention
of
those
who
own
j
the
savings
and
the
intention
of
those
who
control
the
Government
surplus.
economic
system.
Economic
development
means
111
that
Canada's
population
must
expand
at
a
rate
possible
only
with
large
immigration;
(2i
that
her
capital
investment
must
continue
tor
a
long
period
to
be
a
large
proportion
of
her
national
income,
and
(3)
that
outside
capital
must
have
confidence
in
a
government
policy
of
just
and
equal
treatment.
Great
unnn-e
ti
thp
vninmp
of
com
has
been
imposed
by
British
rail-
i
nrains
a
basin
of
2.053,000
square
werr
black
neckerchiefs
to
com-ni
iles,
compared
to
565,500
for
the
menioratc
the
death
of
Admiral
St.
Lawrence.
Nr'ion
in
1805.
joe
Perrier
returned
oi
f
day
afternoon
by
car,
spent
the
holidays
with
his
i
fly
near
Nelson,
"I
do
not
think
we
need
worry
too
much
about
the
private
;
ways
on
the
old
custom
of
ex-;
ploding
railway
signal
detona-
j
tors
on
the
line
to
send-off
newly-married
couples.
j
The
order
comes
as
a
sequel
mencing
logging
in
this
avea
and
It
is
Dussiblc
the
company
may
position
and
perhaps
the,
direc-
j
The
lake
is
frozen
over
.
four
skaters
casne
avals'
Sunday
afternoon.
The
lorry
a
channel
across
and
the
mi
weather
is
keeping
the
w
(
Ladies'
Shoes
FREE!
to
a
head-on
collision
last
summer
between
two
trains
near
Fishguard,
Pembrokeshire.
There
t
lormirv
very
rapidly
now
Mrs.
Sueden
is
sinv
n.
.
establish
a
good-sized
sawmill
there.
Another
new
development
ii.
the
di.'tiict
!s
in
he
Stew
i
t
region
where
U
rge
scale
icwr'rv
opeiations
art
to
commence
shortly
by
a
contractor
taklnj
out
loss
for
the
Columbia
,
the
Paul
Piche
family
at
Son
bank,
having
come
up
rivn
(from
New
Westminster
she
has
been
spending
S(.T!
weeks.
,
were
no
casualties.
Brig.
C.
A.
Langley,
inspecting
officer
of
railways,
noted
in
his
report
on
the
inquiry
that
apparently
the
practice
of
blowing
whistles
and
exploding
detona-
;
tors
at
a
wedding
party
send-off
;
is
a
long-standing
custom.
1
"Everyone
would
wish
to
show
good-will
on
such
occasions
but
detonators
are
expressly
supplied
to
stop
or
warn
trains
in
.
emergency
and
not
to
speed
them
on
their
way,"
he
said.
"Instructions
now
have
been
issued
to
prohibit
the
light-hearted
abuse
of
these
valuable
safeguards."
the
U.S.
industry
likewise
has
tree
access
to
our
market.
Canada
musi
haye
other
industries
that
could
benefit
greatly
by
a
further
extension
of
this
principle
of
"limited
free,
trade."
In
addition,
oilier
mutual
concessions
of
a
less
spectacular
nature
could
contribute
a
great
deal
in
total
in
Increas-e
the
long-run
health
and
prosperity
of
Canadian
industry.
-
-tT
'
Jit
it
J
V
lion
of
our
foregn
trade
musi
oe
expected;
the
competitive
position
of
established
businsses
may
change,
as
new
industries
appear;
and
so
on
In
other
words,
economic
development
means
anything
but
a
qlet
life
for
workers,
businessmen,
and
government
officials
There
is
little
doubt
In
my
mind
that
Canada
ein
achieve
both
industrial
development
and
freer
trade.
Our
problem
is
io
hasten
the
process.
Our
first
step
should
be
a
long-run
program
to
reduce
or
abolish
excises
and
sales
taxes
at
the
manufacturer's
level,
thereby
reducing
the
disparity
between
prices
to
the
consumer
in
Canada
and
to
the
consumer
in
the
United
States.
The
result
will
be
a
more
rational
price
and
tax
structure
for
the
developing
Canadian
economy.
Our
second
step
should
be
another
long-run
program
to
get
reciprocal
concessions
in
trade,
particularly
from
our
nearest
neighbour,
the
United
States.
Our
farm
machinery
industry
now
has
the
advantage
of
free
access
to
the
U.S.
market
and
Fashion
Footwear
PRCilFIC
ARTIST
Rembrandt,
the
treat
Dutch
a
tist
who
died
in
166S,
left
about
SC3
paintings,
303
etchings
P"d
2X03
drawings.
1
anvoutn
STONE
BUILDING
"The
increase
in
federal
excise
and
sales
taxes
is
unpleasant,
but
these
taxes
do
hit
the
spen-,
der
where
It
hurts.
Unfortunately
he
does
not
know
what
Is
hitting
him.
Why?
Because
the
taxes
are
levied
at
the
manufacturing
level,
pxssed
or
plus
mark-up
at
various
points
ironi
mere
on,
and
finally
concealed
in
the
retail
price.
The
system
is
therefore,
inefficient:
for
it
takes
out
of
the
consumer's
pocket
much
more
than
it
yields
to
the
Government
in
revenue.
But,
worse
still,
the
purchaser
sees
the
whole
Increase
in
price
not
as
a
tax,
but
as
a
rise
in
the
cost
of
living
and
a
rcjusun
for
demanding
higher
wages
for
his
work
or
a
higher
price
for
his
product.
"A
further
aggravation
is
that
provincial
and
municipal
sales
taxes,
levied
on
the
retail
price,
obviously
become
in
part
a
tax
on
taxes.
This
is
bad
in
principle,
and,
as
we
have
seen,
it
lacks
even
the
virtue
of
expediency:
in
the
fight
on
inflation
the
federal
tax
is
ineffective
because
concealed,
it
is
ununuu-ate
that
in
19ol
this
iiap
at
spending
had
to
be
aaniinii.er-d
Viih
an
anaesthetic.
INTERNATIONAL
SCENE
All
in
all,
the
free
economy
in
the
western
democracies
has
gained
on
balance
during
19ol.
We
have
seen
the
urgent
aeniaiu
of
the
defence
economy
superimposed
on
an
economy
already
strained
by
the
el
fort
to
reconstruct
a
war-torn
world.
It
siuuid
be
a
source
of
comfort
in
tnese
trying
limes
that
gur
advance
towards
military
stieugth
hds
not
required
a
wnoieaie
retreat
into
controls.
Inaeed,
we
have
managed
to
gain
in
miiitaiy
strength
ana
at
tne
same
time
to
achieve
a
luher
measure
of
fieXiO.luy
m
oar
e.uuomy.
Our
satulacticm
should
not
make
us
comp.ai.e.i..
cut,
earring
tne
linai
i..0eUy
ol
large-scale
war,
we
ca..
lupo
tnrougn
right
poi.y
to
w.ui..aj
tui
au.di.ee
uwaids
tne
twi.i
goals
of
economic
as
wel
is
pj.-itical
freedom.
In
general,
the
key
to
successful
economic
po.icy
in
the
loir;
iun,
as
in
the
hort
run,
is
again
i:ex:ohity.
We
have
the
ejsea-uals
ot
llexib.lny
lor
me
immediate
luture
in
pur
present
Interest
rate
and
monetary
pjl-icy,
foreign
exchange
policy,
and,
to
a
smaller
degree
perhaps.
In
our
tax
and
fiscal
policy.
This
uues
not
mean
that
we
should
reverse
the
wheels
at
the
first
sign
of
a
failing-bff
in
wholesale
prl:es
and
tne
cost
of
hying.
Prices
should
be
aiiowtJ
ao.ne
fitx.ollily
too,
downward
u
well
a'
upward,
in
a
healthy
individual
dissipating
his
sav-!
ings
and
so
adding
to
the
inflationary
'
pressure.
Nevertheless,
he
should
receive
encouragement
j
to
add
to
rather
than
spend
v
hat
he
has
accumulated.
Unfortun-1
ately,
experience
does
not
point
in
quite
the
same
direction
re-'
'
garding
the
Government's
sur-
plus.
This
surplus,
induced
as
it
is
by
increased
taxes,
perhaps
designed
to
check
inflation,
ac-
tually
becomes
an
inflationary
time
bomb
unless
it
is
rendered
inert
by
impounding
it
as
a
deposit
in
the
Central
Bank
or
by
using
it
to
retire
Government
debt
held
by
the
Central
Bank.
The
problem
of
policy
today
is
that,
in
a
time
of
acute
inflationary
pressure,
a
balanced
budget
or
even
a
budget
surplus
is
no
guarantee
against
inflation.
We
all
admit
that
a
balanced
budget
is
less
inflationary
than
a
deficit,
and
a
surplus
is
less
inflationary
than
.
a
balanced
budget.
But,
if
we
really
want
to
make
a
frontal
attack
on
inflation
and
perhaps
achieve
some
tax
relief
as
well,
the
only
effective
way
is
to
reduce
the
size
of
the
Government
budget
itself.
"The
real
test
of
tax
policy
to
combat
ihflation
is
whether
or
not
that
policy
penalizes
.spending
and
rewards
saving.
With
this
in
mind
one
must
recognize
that
a
whole
multitude
of
the
spending
public
are
not
even
toucned
by
the
more
drastic
of
the
additional
imposts,
in
contrast,
a
large
segment
of
tru
tixed
wage
and
salary
group
has
been
hit
and
hit
again.
Trio
is,
of
course,
unfortunate
in
itself,
on
grounds
of
strict
equity.
But
the
real
question
is,
'How
much
of
the
increase
in
taxes
on
this
group
in
the
last
half
of
1951
came
out
of
savings?'
liv
hijiv
that
came
out
of
savings,
the
less
the
effect
on
inflationary
pressure.
"Corporations
were
even
harder
hit
in
the
1951
budget.
But
again
the
real
question
is
not,
"Is
this
fair?"
but
'
Dia
the
new
corporate
taxes
penalize
spending
and
reward
saving?"
To
this
question,
the
answer
is
simply,
"No."
Human
nature
be.ng
what
it
is,
heavy
corporate
taxes
tend
to
Increase
spending
by
corporations
because
the
Government
is
paying
a
correspondingly
large
part
of
the
shot.
iJ
-
'
L.A
k4
fUtMEJ
'
A
Gefnation.
pven
1
little.
FOR
A
LASTING
SHINE
Use
the
evaporated
-glta
in
"
Never
var.es
in
'olor-'""f"
&
every
other
can.
FOR
HIGH.
CLASS
PRINTING
IN
1952
mm?,,
rXTnanon
than
any
other
brand.
never
varies.
week
use
,
n4V
AY
TEST
ST
for
,
just
one
MAKE
THIS
.
SEVEN
iiiiikc
vour
lionii
ill
Hit
vlvia
Where
the
scenery
is
superb-Ihe
sirviOc
willing
and
edk;
cut
(including
baby-sittrrsi-wlnre
you
may
"dine
in
th
sky"
or
cook
your
own
meal
where
rates
don't
ovcrt
your
holiday
budget!
A
Close
to
town
Overlooking
Entlish
Bi
HOTEL
5YIVIA
1154
C.llot
Slinl
HuUn
Hilttoid
C.
Lyl
Manoginf
Dml
As
Always
wiU
satisfy
you.
r
j
trr
i
W1LFORD
ELECTRICAL
WORKS
Motors
and
Generators
Rewound
and
Repaired
MOTORS
KOK.IIT
And
SOI.O
New
an-i
Rebuilt
,
Generators
6-12-32
volts
Box
1337
Ph.
Blue
31
PLACE
ORDERS
NOW
i
Dibb
Printing
Co.'
P
NO
REFUNDS
SEMI-ANNUAL
STORE
WIDE
FRIDAY
9
AM.
PRICES
SLASHED
TO
THE
BONE
Ladies'
Suits
Ladi
les
Fall
and
Winter
Coats
ALL
WOOL
GABARDINES
Regular
55.95
NOW
Ladies'
Dresses
Pay
for
the
price
of
one
and
receive
one
FREE
No
Try-ons
2
for
Girls'
Coats
Sizes
6
to
12
Reg.
14.95
NOW
9.95
Regular
1
.50
NOW
Req.
to
33.50
TO
CLEAR
Req.
49.95
TO
CLEAR
Reg.
60.00
TO
CLEAR
10
3995
29-95
19.95
39.95
Ladies',
Silk
Crepe
Blouses
Ledies'
House
Cresses
Rsqular
to
3.25
Now
1.99
Ladies'
Slips
Reg.
4.95
Reg.
3.25
N-v
.
..'
2.99
Now
1.99
Ladies'
Skirls
Reg.
7.95
Ren.
9
95
Reg.
12
95
Now
4.99
Now
6.99
Now
8.99
Ladies'-Silk
and
Satin
flilies
Reg
to
6
95
FLANNEL
NITIES
Now
3.99
Reg.
3.95
Now
2.99
Regular
to
195
1.99
Now
Ladies'
Flannel
fyjama:
Regular
50
Ladies'
Twin
Set
Luggage
200.
OFF
REGULAR
PRICES
Ladies'
Cord
Jackets
Regular
8.95
Now
5.45
Ladies'
Housecoats
Satin,
reg.
1
4.50
Wool.
rea.
1
7.95
Now
8.95
Now
.11.95
Ladies'
Raincoats
Reg.
25.95
Reg.
29.95
Now
.12.95
Now...
19.95
Ladies'
Evening
Gowns
Ncwlv
Arrived.
Reg.
31.50
Now
Only
16.95
Now
2.99
Ladies'
Snuggy
Vests
Ladies'
Briefs
Ladies'
51
Gauge
Nylon
Hose
Girls'
Silk
Moire
Skirts
Sizes
6
o
12
Reg.
3.25
Now
1.99
Girls'
Dresses
Sizes
3
to
6.
Reg
2.95
Now
1.99
Regular
65c
To
Cleor
49c
To
Clear
1.29
Now
45c
Boys'
Broadcloth
Shirts
Children's
Sox
'
AM
sizes
Pair
.
29c
Children's
Parkas
Sies
2
to
8.
Req.
8.95
and
9.95
To
Clca
5.95
Boys'
Comb.
Underwear
Si'es
6
to
16.
Ren.
2.95
To
Cleo
1.99
Children's
Snowsuits
Req.
10.25
Reg
8.95
Now
....
7.95
Now
....
6.95
Children's
Raincoats
Rubber
lined
Sizes
3
to
12
Req.
4.75
Now
Only
2.99
To
Clear
99c
BOYS'
PARKAS
BOYS'
BOMBER
JACKETS
Sizes
8
to
14.
Reaular9.50
NOW
6.49
.
BOYS'
JEANS
and
DENiMS
Renular
3.95
and
3.25
NOW
f
2.29
Sizes
6
to
12.
Renular
12.95
NOW
8.95
i
.
McBride
St.
at
Fourth
Ave.
.I.
...
ii
htt
tipp
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