HomeMy WebLinkAboutThe Clinton News Record, 1925-10-22, Page 10Page 10
IKIPPLN '
(Continued from Page 9)
chant in oar village, died en Tuesday
evening at his daughter's in Bruce-
field. At time of wrtiing we 'have
not heard anything as to funeral ar-
rangements. Mr. Bowe, underwent
THE CLINTON NEWS -RECORD
THURSDAY, OCTOBER 25 ].'921 ,
an epertion abont eight weeks ago in ( constitution gave out and he was re-
Seaforth hospital and .a few weeks I leased from his sufferings. A for-
ego was brought as far. as Brucefield+ tiler report will be given.'next week
to be with his daughter there and -for I and: in the meantime we, would. extend
a time hopes were entertained for our heartfelt sympathy to the Tela-
his recovery, but of late owing to a tivet and friends.
griming weakness his once strong Last week on 'Tuesday, Oct. 13th,,
the remains of, W. C. Davis, for about
40 years a well known resident and
merchant of liensall were laid away,
in the Ilensail cemetery The. writer
knew Mr. Davis ever since ,his com-
ing to that village and always found
him a kindly courteous gentleman, al-
ways ready :to,,speak and act in
Helpful way to those around -him al
he will be missed by a large circ
of friends in the community where I
spent so many -years of his life. "0''
sympathy is extended to the wick
and family,
rJhe 7, .1'1Q ,.
rEtitlg JV4
7
••• 'tum lnnwnn inammia isiment'
Under Mackenzie King Canada has Emerged From the Dark
Days
T IKE a great ship that carries
1,4 on bravely through the gale,
swept and pounded by moun-
f 1921 Into the Light of Prosperity
Face the Facts and Figures
tainous billows and hindered by Truth is Stronger than Fiction
shrieking winds Canada has The National Railways are making ing materially the cost of production
breasted the rough seas of after- ' progress, as the following quotation in tire basic industries. Changes made
War depr and safely from the. Right Honourable W. L. in the tariff in the two preceding years
P y Mackenzie King's Budget Speech on articles of daily consumption
weathered the storm. conclusively shows: --
food, clothing and the like, affected
Canada's Dollar C.lti.a. Ogteratiiag sambas the homes of countless numbers.
That the cost of living has be
en
At a Premium— of S17,000,000-063
"Take the situation with materially reduced, . in .the last few
regard to operating results,"
said Mr. King. "For the cal-
endar year of 1920, the oper-
ating results showed a deficit
of $32,000,000.00. The next
year, there was a deficit of
$11,000,000.00; while, in 1922,
the operations showed, for.
the first time, a surplus of
$4,000,000.00, In 1923, the
surplus had reached $21,000,-
000.00, while, in 1924, it was
$17,000,000.00. Let us take,
now, the total deficits after
fixed charges have been paid
on the Railways. During the
calendaryear of 1920, they.
amounted to $74,000,000.00;
in 1921, they amounted to
$72,000,000,00 odd. In 1922,
the total was $58,000,000,00;
in 1923, $52,000,000.00; and,
in 1924, it was $54,000,000.00.
In other words, -these deficits
were brought from the seven-
ties down into the fifties."
Where Was It In I ZS?
Proof of Canada's triumph over
adverse conditions is shown by the
fact that she is able and strong.
financially and that, in recent months,
the Canadian dollar has stood at a
premium, compared with the proud.
American dollar. Here are the figures
U for the last five years:—
Canadian American
Money Money
1920—$L00 equalled only $ .79
1921— 1,00 equalled. only .89
1922-- 1.00 equalled only .9$r/z
1923- 1.00 equalled only .98 .
1924- 1,00 equalled only .99
1925— 1.00 equalled 1.00
Canadian money has steadily in-
creased in purchasing power, com-
pared to American money in the last
five- years and, during the present
year, it hes stood at par and some-
times even at a slight premium, the
Canadian dollar being quoted at a
fraction more than the American.
Compare this with the low point in
November, 1920, when it took $1.21.
to equal the American dollar.
Canada's 10334 [SIAM b ends
Now at $104.00 --
Where Were They ha 1921 ?
Canada is now receiving greatly
improved terms when she enters the
money market of the world to float
her Loans, Het 5Ei% Bonds, pay-
able in 1934, were bringing only
$90:00 in 1921. These Bonds are eag-
erly sought now at $104.00.
As the Rt. Hon. W. L. Mackenzie
King, Premier of Canada, pointed out
during the Budget Debate:
"In October, 1920, Canada
floated a Twenty -Year Loan
for $25,000,000.00. The issue
sold for $96:20,' with Inter-
est at 7%.'
"In December of the same
year, another Loan'of a simi-
lar amount was floated at
$94.05, with Interest at 7%.
"In February of last year,
Canada floated a Thirty-
Year Loan for $50,000,000.00.
The issue sold for $97.81,
with interest at 5%.
Do !acct °' ush
Tour Country Back
We are now nearly at the end of
the financial struggle. Faith and
courage won the War. Faith and
courage will win through the diffi-
culties that have followed the War
and which are now clearing away.
Let us -be as optimistic as before and
take stock of our blessings.
As Honourable Mr. Lapointe re-
marked, in the House of Commons:
"Play the game. DO not
push your country back,
Keep cheerful or, at least,.
keep still!" °
There are -many reasons why we
should be cheerful.
4
IA
Public Expenditure Cut
The disbursements for 1925 show
a reduction, as compared with 1924,
of $19,000,000.00, and recent pre-
vious years show a similar progres-
sive decline, the expenditure of
1925, as compared, for example, S1itaW Canada's Stren ; 'r is
with 1922, showing a reduction of The Stock Market is regarded by
$112,000,000.00, business men as a reliable business
Total disbursements on a per barometer. When trade prospects are
capita basis show a steady decline: good and underlying financial condi-
1922 »
Per $5H1.ead85 . tions sound, the market price for
leading bank and industrial stocks
1923*.............—.,, 47.86 goes up. Here are the quotations for
1924 ...»...».... 40.16 a number of well-known Canadian
1925 37,53 companies, showing the price of their
Canada is spending less and she stocks in the open, market September
owes less. She is practising economy, 15th, 1921, and on the same date, 1925..
rather than merely preaching it. Can there be any doubt of Canada's
Where she was spending $4.00, in progress in the last •four years, with
1922, she is spending only $3.00 now. figures like these before, you?
Income Taxes ?' educed- '1921 1926
$206.00 $269.00
ya ori 190.00 236,00
Another cheerful fact, especially Bank or Commerce .164.00 218.00
64.00 100.00
the increased exemption fors, family199 00 21600
Toronto General Trust Coip n '196 O0 216,00
men ih the Income Tax: ' Consolidated Mining and 15 00 11276
INCOME TAX EXEMPTION Smelting Co
PER CHILD A'ollineer Consolid'dGold.Minea 7.85 ' 1406'
International Nickel Company 16.76 34.60
.1921 - $200.00 'Dominion 'Textile Company...., 117.25 265.50
1925 $500.00 ' Penman's Limited 06.00 159,00
This, change has given the families•' 8:=114: sa t�Comp ny ..- 02.50 152.00
of Canada, $2,000,000.00 more an- bominion Canners 27.00 184.00
nually to spend on food, clothing Dominion Glass Company Moo 107.00
and shelter. The man with $3,500.00 Steno Company pa1Q Canada z�al,er r,6.00 01,00
income and the average family of Co 64:00 i0u,00:
three children, who paid a Tax of Sherwin Williams Company;., 90.00 126,00
$36.00 in 1921, is now exempt entirely, Cadgadla's Elgfie rt Trade
Cost off Living alas Growing )Faster Than
Been Bleought'Down That cli United States
It was clearly established, by the Canada's trade is growing. The
Right Honourable W. L. Mackenzie exports of the United States have in -
King, in his Budget Speech, that the creased over what they were in pre -
cost of living has been:keduced by War time by 85%, while Canada's
decreased duties on implements . of have increased 142%.
production and the. Sales`. Tax there- Canada's aggregate foreign trade
on, which have the effect of cheapen-; ranks in sixth place among 'all the
..: '„} 'i�` cep!"' nad
years, is clearly shown by figures from
the Canadian Bureau of Statistics:
1913-INDEX'FIGURE 100
Sept.,1921 Sept.,1924
Foods 161.1 140.1
Fuel and Lighting 189,0 1.75.9
Rent ., 144.6 146.7
Total Average 159.3 147.2
A calculation for Clothing places
the Index for 1921 at'167 and, for
1924, at 155.
Canadians Are Less Taxed
Than Americans
Not the least amazing of Canada's
post -War achievements is her mar-
vellous showing in 'Taxation. The
following table was prepared by the
Dominion Bureau of'Statistics and
presented to the House of Commons
by the Honourable Ernest Lapointe.
Total Taxation for all purposes, in-
cluding Federal, Provincial, Munici-
pal and School, compare as follows:
$63.55
United States 68.49
United Kingdom 99.36
Australia 69.22
New Zealand 77.12
South Africa 75.92
Leading Canadian Stocks
For Family Men Bink otb Montreal
for the married man with children,.is Cnnaaa CGnant Compr
'- National Trust Oompany
OW' !" nanpipnnuUmitmotlg 101fin111ammMltlinl nn
commercial botinfriet of the. world.
With exports of $114.67. per capita '
and imports' of $109,61, her total for-
eign trade on a per -capita basis stood,
in 1924, at $224.28, which,, • compared
with $72.08 for the United States and
$194.00 for the United Kingdom of
Great Britain and Ireland. In vol..
ume of exports, Canada stands sixth,-
as
ixth,as compared to tenth as she stood in
1913, before the War, having in-
creased her exports, in that intetval,
faster than any other country in the
world, except South Africa. Her ex-
ports per head of population occupy
second place.
What possible evidence could be
more conclusive of Canada's increas-
ing prosperity than is shown by
steadily -mounting trade balance of
exports, compared to imports.
aladice of Canada's Trade—,
Ex ' orts. vs,. Imports
March 31st
1921---$ 29,000,000.00 against us,
1922— 6,000,001).00 in our favour,
1923— 142,000,000,00 in our favour,
1924— 165,000,000.00 in our favour,
1925— 284,000,000.00 in our "favour.
Equally conclusive and gratifying
is the showing of our export trade
with the United States, which has
steadily grown during the last five
years; while theunfavourable balance
of our American trade is declining.
Improving Detainee of Trade
With the United States
The figures . below show a steady
decrease in the excess of our imports
from the United States over our
exports: to that country: -
1921 $313,853,853
1922 223,369,553
1923 - 171,909,520
1924 170,548,903
1925...... 92,546,085
Canada's Foreign Trade
Records
PhenIIomenal Growth
In 1913, Canada's total foreign
trade, including imports and exports
combined, for the first time in her
history, exceeded one billion dollars.
In the year ended July last, it was
$1,923,000,000.00. For the fiscal year
ending 31st March, 1924, her trade
with the United States alone
amounted to $1,042,000,000,00-ouore
than the total trade of Canada twelve
years' before.
A Country to Be Proud Of
Canada is a good country in which
to live, Canada's savings per head of
population rank among the highest
in the world and her wealth is well
diffused among her people. Life in-
surance in Canada, for example, in
Canadian companies, has increased
front $2,935,000,000.00 in 1921 to
$3,76.4,000,000.00 in'1924 or, by the
Mtge 'volume of $829,000,000.00 in
three years!' Canadians, per capita,
stand among the very best insured
people hi the world.
There is only one direction: in
which Canada isdestined to go. That
is AHEAD. Will you hold her back.
or help her along?
Issued by the
National Liberal Information Office
116 Smirks Street, Ottawa, Canada
war de
163