HomeMy WebLinkAboutThe Goderich Signal-Star, 1948-01-15, Page 7COW
„
,X101)sonf 'Preeidenti. ,deolaret Zuropean, Teem
11 4 .
important factotitt Cfanadals .oconomio 4.34
, Continent fail to. provide whit ia-nocessary_to,savo Zitropei the
effect 'On our economy' would be sorion2."
patiOtbt iforobalt-PIan will :be ofabrO,Oe to .b0t11410anatiit, and
, the Unite413tates. '
9 • ,
0.0404,14411r,..ainteril Manager, reports nWrked inorease in CcinmerOtal
1eans.,4,itiOlic{ 4.0POsitii again improve.
Royal ..,,Banit,delvallortt now total- 1,75(h000.. unique, oervtoe to
foreign. traders -provided, throliglrObrancheS,ili.f wee oonntrioo.
- • The law importance of European Canada and. other rmtries,„ has net ,
'airport Canada' cart , restoring Are bider way'WhIOU I1013ed wine
„ • ., , • ently,: restore_ Europearv,,,, eaonenda
.0thes,g,ed by Sydney' • Dobson, Oresin.. health,"- The., Marshall Zan ''"one 'of
'dent of The ROW Bank or '
(*nada at t,h0 haPPleat suggestionsecVer made in
. the. bank's annual meeting, -"Should the 4),,nternatiOnakrelations," and the•Oeneva
Amerlean continent fall, l)roild*-1411age 'agreements November., Were,
li:
- What la ecessarYAO, nave Europe," he, he said, Important steps to , world
Ithe-affeet on our econoray ,would
be serioinw mention. this' because it
Is' not generally enough realized that
•,..,,,,,Canada- depends to the extent of 3.0%
, of' lief national bicome., upon export. trade.. In addition it should be ,noted'
that Canada's exports to „ the Western'
European countries -4n the last Pre-war.
.year *composed 0% her total
-ports,• a '.fact 016 emphaf3izes the
recovery te'the welfareCanada. and bout' enough,". said' It is ro Dobson: -Villas
.play in .11/nroliet economic health,' an,the 9Aaree et 4: geW,yearB,
recovery. An 'An intelligent .programMe for
,NOrth-American PartielpatiOn in the
Marshall Plan would be of service te
botii.,10`anado: and United. States:7
RECORD or-:4).oing***4$0._.
, Canada, said Mr. peesep;,ha,(1. Deer:
singularly':blesed by Providence.. Not-
able progress had*, been made. In both
roduction and .-trade during recent
lrnportance. European recovery to the. years, and the standard of living °YAM
Telanee. Of:. Canada's y economic ,Canadian ,people had shown 'Marked
44%00;0 • • gains, .."Canada's ?foreign ,trade," he,
---Trari-Dobson-pointed:flant that -Canada ald-Yreached-A-Aiew.--high.-totaliln-the
bad alreadYdone ranch to halyi .provide first - ten month rs ($4,435,600, -
Europe with the,. necessities Thig. was. made up, of AA kinds
Canadian• e*ports ,:to.-EprOpe.'16; -19481-. of goods; raw r and prodessed.!
lgtd *abated_ to $1342.1• 1.1.10. in the- !"Seventy-ilvel years ago; we leirported
• past feW yeark-panada' had provided goods" to the money value of • $18° per.
over 2billlon Worth of aid .to- Europe .Capita in 1948 we „exported, 'goads.
„
13rtVO4orna. of loans,-creditsAnd, gifts. worth $184 per 'PallIt.47-".4.1tincrease.�f
.44tIoweVer, what hadbeen done by ten titaes. 'ginploYnient. e*Ceeder Ave
h
niLilion t 'first timo on reSurgd in
1,0* 000 II,:
AnaWen nationalincreued
arn, to
4011110n.1. When trundated 'Pate
dollar* of tbe 441net Jltklne; WO #4,04
inereaSe to be DT per,cent.,'enual. to an'
tiodttiolt of, 370 per person:, per „par.
And that 4011.4raof4e saiu
value), :the personal ,lncoma,of-
.,adians has increased from $aw pr
caplta in. 1948 to 4003 • 1. 1040.The
:total personal expendltilre On consumer
goods ,and services :einountsd to $8,714,
ooton In 1013$ and OAS inilhlon In
1.9.1,0; .an inerOaff0., of .00 per cent.
compered wlth our Population ,,inOrOaak
,
of 10. per cent,,-,Tbis literease In tha
SUM spout .• on personalconsumption
goods suggests a '7,siguiticant rise ,in
the -standard 1.A4,02A4.240.4r•9
-These .ligureSt- At1.4 ,P,Ob-0014 said, were
'gratifying and.. eneOuraengi but twq
dangers had to be. 004 to inaintain,
Present :presperity.,,,::,:One danger was
eollapse In
'
,44
lacement of plant 44-0 etIn1P0104.,
.pAceMorthit *C. ,ploint, *not
znad,and at t1roo. st2i22/04 12
.easeetnt ii,„bet a igrenooug. Wert moat
.be made to limit AppepOnomie
*On of Conatrnation, ltiuntx cOnstraetl_on
18 gt:44 01",vilitti, VOW at costs so 3M1-,
that only •cOntinuoMt prOirperlt7 at
potlent- leyteleean.4,1te It psi.;
coNSERVATior4 NE=
'Canada' resent prosperlty,. whjcb
18 spreatr'sormh1elri• 04 nation, ,18
based UP011 the.. 401/011).Mrtof Cau'
ada*natural resouseetk,
4%grieuitnre„ because it
14040' need4,44.'mvon_ for' 1004;: Is or,
,highest importance,', 4 •
PT.410,,Senrce of livelihood' for farmers
,
and et revenue:00)1e eotatts,, lalifertb,
lroserYing.,... becoming 'recognized
that the; fertility7oZ our JOY ia net
everlatiting.- 'Vertuunteir Canada •441
'an opportunity to,APPir040044410,_-.4
conServatlOn. :than tog '-rPOROA"'
atiOn, We ),41414.12Ot- vr:gt- gee 'dust
;bowtO forret or for ,prairio farms 'to
Europe.: .91e ether 'aThe'sanle :need' tir, uelliervation is
'mprice .risea ' he said, ‘.4xnake lt".nlore
,
necessamtnan" ever for us measure
Our real' advance in dollars Of.constant
value. ;• The -rest of the rise in money.,
Value is for the. Most part the empty
of :inflation.', When Money incomes are.
6-fee-Sliffe7r &TWO, '_"."16, The '4'iritiUhle
slimly of goods, as they are now, the
logical way to redfiCette-prestinte On
„prices is 'to increase the supply of
goods. We have tho physical e'lliiipment
to ilo thls, but,fhe human factor 18
needed; a competent werhman seeklng
to get ',out of ,hify machine the whole"
production' of whieli it is , capable.
believe that ,whatitsaid a year age still,.
holds true. Ikere:41estlit „APO_ MeV
people -. who', lmake high' :wager :and
plentiful leisure.*the • :greatest' aims Of
'their hives; • still too' many. Who believe
that less-prodUctioi-andinore-Tai'. per
worker IS "a- 'soli& basejfpr"prosperity.,
Tbialsr of course,tztenect. An honest
day's- Work for An;houest day's pay Is
Still a good, recipe for prosperity, per-
haps the:, onlyk, to,rmUlar that will' 4:Aura
ToWer-77priees, a 'higher standard' 'of
liying, and lasting good. times' for all.
• "gall,. of .our.'. 'current output', of
,dourse,: is . devoted lb en1argenient4and
found in our, forest' resenreeS, more
than, 27, per cent; a the value oZ our
exports stems from Our forests.
"Better Prefectlink- and „,tielar9yea
cutting V7460403 liaye contrmiltp4 18
ent Yeamtow,aid,PMenation",of,„OUr,
forest fvealthi but there Is Still 4-TerY
heavy annual loss from Breland 'insects
„which 'Should be substantially . reduced,
Forest :Observation 18 a:,,Mus
'"There can be..no better example. of
newly. Created *ealth, than that ,of our
raining .industry.. -rOYty, Years ago the
total dollar value! of. Or mine Dioduc-
tion 18 a' year Walt,f42 =IOWA; 18 ten
years it had, beemni.$108. million; in
-the:Peelelear.1941;:it-,hact reached $395
milllotC The inines have added to
cahad#14 wealth some $12 billion,,shice.
mining statittles ,wpre first kept...,
—"Not muchlt---heargl-ln- Canada...about-
our fisheries, „ althougl'they -give enl,
Pluyment to 85,000 Persons 18 thk
Primary: and processing branches, and
,
the . investment them.. amounts to
$75 million. -
•Development of hydro electric Power
In the lastforty :Yearalhafebe-en 'rising
, •
sharOy and coneistentlY. Our Present ductiOn facilities theAncreased.yolume
4011400(1.
or. .
PRS
t • 43.,0* 11g* 014 it
that tho ;mow athfores eij,„
for Moir People have. been made 18
countrieslike our' Own Whore treedora'
of enterprise bas been Allied to. naturg
resources. The restriefUe trade. Rote,
ticea- .09.1;gorit. 'tPlatuutcr- economics
4P. tlye the '7,904. .0; that tz02,104 pX
4.01(09P*nt. 4Atit enuibsion of butt
4.088. and tree ',interchange et- goods
which 'alone can, brleg,, decent hiving
cOnditions on a Nide, sealo.
!"4,t AR/deft/A thOt.34,4117.The NyOrl.
„the only countrie4 which Europe eun'
t41,4 for :efreetiVe help are 0,604 two
,00,400.41.0e4 ot America, free-enterPrise
countries. ovOnfay not we,
'yr4),4 Are unstable; but the 'totalitarian
0000trlesi.' 'Xt. is •,not who are. de-
pressed.' but the', totalitarian -e_ountdeS,'
11 18 -not we who Are short Or prodim.'
'tit* of the things: peel:* 'need to
but the tetalitakiit* countrieis.
"It would, )*()WeSTA,„ be -Nery, rung
t.r.liO complacent, ' ..Progress 'depends
,upon our geepleg.,: our _Ixendota. • and
how teueb"freefloiOtisiness, shall keep,
and how long it"will.,100,, depend upon
our „Ability to recognizei -understand.
and Meek our obligations 10 the nation- •
as Whole.; ‘: It should be our objective
to'shOw that free enterprise *the only
con.cinie*,.-systerarla--the-histOrr a the
world ilodble—enongh- to, 'Change -1u -
keeping with the needsOnto,people, At
the same. time It- is the only-tcoaoMic
.system In the histOry of -the world -that
has ever, brought about groat stability;
and. advancement ,of .the standard of
Jiving" of the people' living under *it"' '
GENERAL MANAGER'S ADDRESS
1.'Presenting the bank's -78th Annual.
Report,. James ,General
anager, reported :that the total
asietk„Ralt§19.9,4.!...at c!.$2,093,541;218.6r
and t that liquid Assets constituted_74,%",
of . the. bank's , liabilities to the public:
Terittire:--of-thiSt; year's 'balance
sheet is the marked: increase in corn.
merciarlOans- in. Omuta.," said ;Mr,
.`713,is item .,;; is' $12(058;08747.
larger- than a' year AM ,-reciteegng an
experience -common to -all '0Anks„,„ The
reason for it is tile velIffhigh level of
business. activity, the expansion of ,pto-'
installations, 'producing 1W milifon of_cOurse,,..3fie_
-Influenewethrgitellikikerirtws,-!mere',
:dollars than', lt 41..6. Year ago to. con-
duct- a compuipile amount,. of stushiess..
As a consequence,. the 'amount of cern-
inesfaar 'borrowixigk--,repregefitir ;sub-;
tantial-sumratthink--1---may.t.Sarin-
§4tiirtiikrrirft8rintireir
large, increase, in.. bank loans With.
, "7-_rv
. `41'he'nuMberiof InadO
during the ,year:Sontin_nes, large., These.
are principally .-ifillieWOIT-Taird -under-
Category, where, ,in facts. the number
pf ,new Wang, 'totalled . one, hunclked
land ,fifty-five thousand. ' " when one.
considers the, high . -volume of these.
personal loans from 'banks,- phis the
.substantial ,,business of: personal loan.
And allied-zeompanies-all, ,a tiMe-
`when there is 'fixa'aiiloyment
ivagesujhe thought_ 'occurs that„-per-
haPs.-101vingtheyonthone,s.means-poliey,
- is abroad. If, 00,,' it is uahealthy,7:,..
Mk. Muir., pointed' out that"thefe Witt
been an. increase the-
bank$L.,MbliC7-41eposits and that total -
deposits Stood at $1,934,185,849, He
reported that tfie. number -depositorq.
continued "te. expand and now totalled
over one ,.and three-quarter
PROFITS•
It will have been --Satisfactory :for
. you .te, learn that the pioilts were
$1,81.8,132.110 !higher - than, the vie-
yeari" he ' ,274e Amount
. required for .,goverrituent.7 Ialie5: was
$2,854,1109, after. deduction of -whieli
Aheie xeroained ..$5,t874,51.0.48: from the
Dividends required
• ii7dribilisenient of $0100()Tiiiid_depre.
elation on -bank 'premises. amounted to
$892`,13$7.6i: 'After providing for all Of,
the:foregoing charges, there is -a -residue
Of $2,00,(1,§p2.47‘ 'in antless-
Account' leating-'41 citity-..foiward7Z4
13;474,.24G.55! : *
71 BRANC1 ARitto-Ai)
played by. the
branches of. The. Royal Pank- of Canada
-hrforeign, countries in prOilding
.tiefTor foreign. traders was stressed
Mr„, Muir.
. :‘,0yer _ a,-.1ong, period , of ,iears our,
•
activity in foreign countries has been
an. outstanding featUreof our service
to ',Canadian - business.' We have et,
Pandee.in keeping with the -progieSs-
• of the foreign country the develop-
,
ment-ef Canada's ,external trade. Tha
result is that The ROA' Rank-44.044-
ada is 'very much. Integrated with. the
- -.mien:feral-Ed life of „raany-natiens and.,
has hecOtne:` for their business ne
: -real and. attractive sYinboi Of Canada.:
"Last year I -:-made 'reference' to the
unique position we .occupy regarding
our branches .abroad iihdAI,„,-belielre it:
bears repeAting,:beOuse if4S'aiir 'belief
,
that there Is aweeivit-d.etarititigelex-'
direct. rePreSegtation, by our, .eivn'
trained organtiatien, experienced ,.;in
tanadian-ways ,And infOr*ed...by,
close • lialson'of the needs and .Offerings
''"1"11111.11.41106"11"•••••••••tThrta States 18 development of water
yet- oTt4 -20 per.
our Potential, power has: „bee,
1.1L.1:4*
N• o extra, charge for, the. Use
of our Funeral flornie;•Toicik-
'6"Street .
'ProThpf Anabulancb
'Service
0,11-6184b3fiT, R03.356 ori._
,2,;.••••••,..",•••
`411111116,
-
-
You , worry .abbunt.:Your. 'present
• et.. future, security, .11 •
Carlow 2115 or WOO- .1
ROBINSON
Monarch- Life Aisi1ranee repro-
sentative, R.' Port Albert.
. •
•
.1
•
day, 0-
o•
I
'
•
with a STOVE from recke ° f
number stoves of onr:r000ntly,,silitved 41014_ .1!:t have been -
Bold, but t/40:0' arc still it'felir left :" Don't .047 longer
you need a now stove.
Soo onrOtovis .ocnn with-roservoir that ton
tiouutrirouitablo for farm homeg. tee also the dor* su1t.
able fOr-Innall bcreeif and- apartments.
0% DISOM7
Don't1044 ,,OLEAMANCE ilIcATES'i
nd boys' -skates 'and'shoorau ItErmaio.10%,t0
gARDWAR
HAIY11LTON* ST.:
2,17
IJI•TEIbTC;}
GORSE:*
ts.
- .SVCIiNOVV,LVItIAGE , COUS.C.It , •
i
The„..44Mroo'cr..:.:Vilii4e,..-::Clona_CIL1'ifok.
,..1.50L---.;:waseieeted-,-Withoitite-a—cObtes .
-1--Reeve'75*-:.=-:.W•r- joYnt:;--wri6 r.- held- the -
wardenship,of -Byubel,;-ebunty- for -'-1947,
has been laid-uri-fiii idle' Weeks' with
a -badlakfraeture,;.and deel --to_retire,--
Artni :the Council, and `Spiemeij. '
.-to-qaCill'orC- are,
T.Skinnel-iSherweed, IIarry-Nbpn and.:
H ' • -
IfewGovernment with regardto development of power, resowees-
angers-vo mne wilithITe10liidustiy; ho attic titre
14.44.4.4
,
' -"14.40 •••-•••
•
The-lolloiving is an extract,. from a letter issuedby the secreta ii Of
.--
ILET-.04 dated .December 15, 1947
THE ital)/Z0 EliZOTRIC POWER 'poidussioLvy:iorprimo—
TO Attinicii)alities inSoutbernntario
....
6,111ce of the ti_ciere'tary
r , •
'11AVOrsitY.Ave,,
Torin.4?,.;21
-1Cteeinber, 15,194T.
*Power Courrvation.'
, Although „there been a .substantial reduction in the ,
'dant:did of p�wCt, aming, out *or ,, -Voluntary eenservatiini and the.
application of restrictionst;heavy cuts are still,„ being made in the
1'24- deltOery of power to indlustrylVieretiVer;Vittein povide-reionrces
bar) recently been reduced owingto lack, of rarnaI1 cauing poor,
,
'water conditions'. • •,, •
1070,'4041
!itittirtittOdittini
peeted, .replenishinent.-of 'tinter 'storages, :withthe result —
that System power resources maybe expected to PROGIZESSIVELY
--DETE1U0B,A2110,,throughenAftlief,remainder of the Winter. ,431 thc�e
'cireinii3tanoea it is evident that %weirs ADDipitritAx.-AroutiOrA.B,v
SAYINGS can be attained the Cennnission'will 136 ol3ligeofto ORDER
inunicips,litieLto RED1OE t1t1Thad frOin tune to.time.by as pupil*
its 16% OR POSSIBLY,MORE., '
—
•
4,4
412 '
Tou
rs
tralY -
; ;4 0 Bo Itza„ Ter olE
e cretarY
e
41
•
01,
11
of CanadianobtiSincsinnen. ,
•"Apart from world-wide relations
Vvith.banking houses, .We have-,Jserenty;•
one branches - outside of Canada. -' There
is a, constant flew :Of information ,re-
garding.Market and general conditions
froin these -.branches to • a central: de -
rt •• I !. 0404044,14620*,
nforination,redches.
from...correspondeats throughout the
world where We do not operatebrandbeS '
of out •OW. -0.' This,-yoti appreciate,.;
enables, us t� 'fin-th a highly e.ftlotent,
tunnatchOd-,--and-IValuable---Service- to
XpertIng and, importhig ellebtS."
TRIBUTE TO STAMP,
., A warm tribute. tO.the Statfvfor OCR'
splendid, co-operation:, and terklag,.,and.
_devotion to the welfare of the'lmShiess
'in whieli they were -engaged ,wo.vpiced
by Mr - •'
. :have reason to hopo t`Fitie- our
,.personnel.;.,,knOw..,of„the
'which, they are Ireitt;". he said.".
"1 have ,never ceine ttcrosa in all my
yeartof eentaet '.other bminess
Institutions,.n „Staft'vers earnest, ,more
'devoted 'welfare of the business,
• wltli 'which they were, assOlated,-.. or
more conSeletis Of that lmportiint, place.
18 .tho, ecolionty of the nation. .•i'Vgittod,
banker - must be part accountant,
tinaticier: dip:lei:net& lawyer and omits,
isti, and above! Wit he nust be %La.
btnuan :bang, With" the rabiliti" tel-taer.
-• Stand MS fellow men. am. proud to
say that the stag of this hank, wititair
theserneceSsarY qualitles, has.; aiso the ,
spirit of tearoworkwhiellis,Ao esosntial
to qtaPPY relation's, :anti which Counts
so much In the fine tesuittlie year's
activity., , •
*The Staff , of the bank nunthersl,1.
otos of 1O,400—more • than lialf4 of
wItoni, are Wernen. They have done ty.
splendid-leltthrougitobt-the year. We
are grateful : to , them and commend
thent "
\,)
• • -
III
•
24,
AT 'yOURi 0411V1'11,Etii0E,
OUR PLANT IS EQLTJPED U& 'IANDLZ
P-OBLEmg
_ .
pcpERT DV*ING .
MOTHPROOFING 00F/i161‘14.,A
Ha:mil:ion .
EltY
•
444.-•• •
AT THE RATE OF ONE DROP PER SECOND..
• 44
-
.1 dol
I' (see pastver ,below)
,..ithadot tinhie heia4raitet "1441siod'Itlydrte
dow toot
• fit, driqtythatA0 n eded. o keeti.'otiklactorjos rtingling
_at full cepiqity
Power thOtaiiiitit,..havlit eeapot Woo° to. make the
nd predUcethe go�ds that
. %laical', Our Vitai Olcpok travki-. . •
' '" . • -
•
Powir" that alight hair, helped incregso ourminoral '
, -*vacant) or rake, produ i011-011 our halal..
•
aste tieveibe Milner"
Tbe little. bit of power
VDU think.
But thatollitt.to bit et.rio4wor":7SAVED by ALL Ilydro
Consumer's inecias a 1.0ti 'fileasa play your past. .
17$
iota&
;
,
T[� T.'3.toietiostott
Ltito„Seprcets
eD1
, *‘;
",4