HomeMy WebLinkAboutThe Seaforth News, 1923-08-16, Page 2Dominion N ews in Brief
New Westminster, B.C.-The Can-
'ada Western Cordage Co., of New
'Westminster, started in 1920, has de-
veloped into a most thriving industry.
Lastmonth was the biggest month in
the history of the company, 225,000
sounds of rope:. having been shipped:
he production was four times that
of the corresponding month last year.
Grande Prairie, Alta. -In summing
up the crop prospects in the North, it
may be stated' fairly that the crop bids
Lobe a goodaverage 'one -somewhat
"patchy" with good stands of grain
interspersed here and therewith a
few acres of poorer stand, but on the
whole very satisfactory. Wheat and
barley are all headed out, but oats are
not so well advanced, although making
excellent progress. Green feed is also
showing up well, good growth being
evident during the past two weeks.
Regina, Sask.-Formation of separ-
ate wheat pools with a central selling
organization far the three prairie
provinces was decided upon at a con-
erence of farmers' -organizations
ere, An official statement to this
effect was given which said that the
establishment of a pool for each of
1 the provinces would be commenced im-
mediately and that they would be in
time for the handling of the 1923,
crop. .
Winnipeg, Man, -With the bulk of
the offerings being sold to New York
buyers, the most successful fur auc-
tion sale, of this city has just been
concluded, more than 200,000 skins or
all kinds being disposed of for a total
value of $410,000.' There was little
change in .the price of pelts. Muskrat,
beaver, and White fox declined 10, 5
and 5 per cent. respectively, while
lynx,silver fox, otter and cross fox
advanced 10,. 25, 25, 80 and 20 per
cent. respectively.
Haileybury, Ont. -Close to seven
hundred men are now employed on the
construction work on the branch of
the `'Canadian Pacific Railway from
Kipawa to ' Des Qultze, and trains
will reach the new terminal some
in November.
Quebec, Que.-What is claimed to
be a record for the unloading • of grain
in St. Lawrence ports was set here
when three barges containing a total
of 217,000 bushels of grain were un-
loaded in 17 hours.
RUHR OCCUPATION
DECLARED ILLEGAL
British Note Sets Forth Basis
for a Reparations Settlement.
A despatch from London says:-
The new British note, which has been
handed the French and Belgian am-
bassadors, is firm in tone and contains
the minimum program which this Gov-
ernment -in its present frame of mind
-is willing to accept as a basis for a
reparations settlement, it Is said in
well-informed quarters here.
The document registers the opinion
-long held, but never officially pub-
lished -that occupation of the Ruhr is
Illegal under the Versailles Treaty.
The note also goes into the question
of inter -allied debts at great length.
Emphasis is laid on the heavy tax
burden in Great Britain and the enor-
mous amount expended on supporting
the unemployed in England since the
Armistice. It is pointed out that in
contrast to reconstruction of devastat-
ed areas, this expenditure, though due
to the war, is not productive.
Then it is said that the least Bri-
tain can expect in reparations and re-
payment of allied debts is enough to
meet her obligations to the United,
States. The note says that this whole
sum can hardly be gotten from Ger-
many, and the difference must be'paid
by the allies, who borrowed from Eng-
land during the war.
It is then pointed out the less Ger-
many can pay because allied treat-
ment of her„ the inore the Allies will
have to pay Britain.
It is understood France is any-
thing but pleased with this, that Bel-
gium is still trying to bridge the gap
between London and Paris, and: that
the Italian Government's reception of
the note will be favorable.
However, in usually well-informed
quarters there is little optimism of
any immediate progress being made
toward a joint allied note to Germany.
To Administer Manitoba Liquor Law
Richard D. Waugh, former Mayor of
Winnipeg, who has resigned as a mem-
ber of the Saar Commission and will
return to administer the new Manitoba
Liquor Law.
On • One Rall.
A truck which one man can handle
on a single rail to carry building ma-
terials has been developed by a rail-
road in Europe.
Straw -Car lots, per ton, track, To-
ronto, 59.50.
The Agricultural Wealth of Canada
For the year 1922 the total agri-
cultural revenue of Canada was 51,-E
420,170,000 as compared with 51,403,-
686,000 in 1921, 51,986,082,000 en 1920,
52,109,291,000 in 1919 and 51,881,-
118,000 in 1918. The total for 1922
shows a net increase of 516,484,000
or 1'/a per cent. as compared with
1921, and a decrease of 5565,912,000
or 28.5 per cent. as compared with
1920. Whilst field crops in the past
pear showed an increase of 530,661,-
000, this was largely offset by a fur-
ther 'decline in livestock values, the,
production for the year showing a de -
aline of 520,876,000 as compared with
1921, which in turn exhibited a ma-
terial decline from 1920..
The entire agricultural revenue of
1922, amounting to $1,420,170,000, is
made up as follows: Field crops,
5962,520,000; farm animals, 577,548,-
000; wool, 53,180,000; dairy products,
$250,618,000; fruits and vegetables,
555,855,000; poultry and eggs, 558,-
815,000; fur farming, 51,504,000;
maple preclude, 55,678,000; tobacco,
54,548,000.
In .agricultural revenue the Pro-
vince of Ontario maintains a fairly
wide lead, accounting for 5435,281,000
of the total. A Western province,
Saskatchewan, has assumed second
place with 5322,467,000;, followed by
Quebec with', $271,764,000. Alberta
and Manitoba both come over the hun-
dred million dollar mark with 5125,-
582,000 for the former and $120,480,-
000
120,480;000 for the latter. Nova Scotia ac-
counted for $45,626,000; British Col-
umbia for 543,514,000; New Bruns
wick for 539,370,000; and Prince Ed-
ward Island for $16,146,000.
MILD CROPS PRINCIPAL, REVENUE."
Field crops was the principal item
in the agricultural revenue in each
province of the Dominion and dairy
products second ;in importance in ally
but three. In British'Columbia this.
was occupied by fruits and vehetattles,'
In New Brunswick by farm animals
and in Nova Scotia by fruits and vege-I
tables.' In all branches of agriculture
but three. Ontario led in revenue, Sas-1
katchewae surpassing it in value of
field crops, Quebec in maple products,
and .Prince Edward Island in fur;
farming.
in comparison with the values of
1921 increases were recorded in field
crops, wool, dairy products, poultry
and eggs, fere-farming, maple pro-
ducts and tobacco, and deereaaes in
the value of farm animals and fruits
and.,vegetablos only. The increase in
the total agricultural revenue of the
Dominion last year is effected entirely
by increases secured by the three
Prairie provinces of Manitoba, Sas-
katchewan and Alberta.
It is interesting to glance back to
see the manner in which most of the
Items of agricultural revenue in Can-
ada have increased in recent years.
Comparing last year's figures with
those of 1915, for instance, which was
an outstanding agricultural year for
Canada, some startling developments
are noted. The most remarkable is in
that of dairy products, the value of
which has grown from $148,005,000
to 5250,618,000 in the seven-year
period. The value of poultry and
eggs similarly has increased, from
535,000,000 to 558,815,000 and that of
fruit and vegetables from $35,000,000
to 555,855,000 in the same period.The
value of field crops, whilst showing a
decline from the years 1918-19-20 and
21,, nevertheless shows an increase of
5137,165,000 when compared with the
value in 1915.
GROSS AGRICULTURAL' WEALTH,
Tho gross agricultural wealth of
Canada for 1922 is estimated at $6,-
974,461,000, as compared with 56,831,-
022,000 in 1921, the net decrease of
$56,561,000 being due chiefly to the
fall in the value of farm livestock,
This estimated value is made up of.
the following items: Lands, $3,196,-
376,000; buildings, 51,035,712,000;
implements, 5391,660,000; livestock,
5681,887,000; • poultry, $41,487,000;
animals on fur farms, $6,675,000; and
agricuitnral production, $1.,420,170,000.
In an analysis of the items of this
wealth the remarkable fact is disclosed
that Saskatchewan farm lands arc in
the aggregate the most valuable in
Canada, surpassing those of Ontario
by more than a hundred million dol-
lars, Ontario, however, leads in the
value of building, Saskatchewan tak-
ing the lead again in implements.
Ontario leads in livestock and poultry;
Prince Edward Island in fur -farming
animals; and Ontario in agricultural
production.
By provinces the total agricultural
wealth is as follows: Ontario, .51,678,-
423,000; Saskatchewan, 31,555,652,-
000;
1.565,652;000; Quebec, $1,288,429,000; Alberta,
5773,174,000; Manitoba, 5857,209,000;
British Columbia, 5270,893,000;' Nova
Scotia, 5186,633,000; New Brunewiek,
5146,850,000; and Prince Edward Is-
land, $72,138,000.
During' the first year of the War.
nearly' 1,000 French gune were, blown
up by imperfect fuses.
•
TO SCALE MOUNT GEIKIE
Dr. H. 13ulyea, and Mr. Cyril Wates, who are preparing for their attempt
to scale Mount Creikte in Jasper National Parrs, which is: acknowledged to be
one of the most difficult peaks in the Rockies. Felix Krahnatoever from
Switzerland Is also working on this peak seeking to carry off the honors of
the,flrst ascent. Last year Dr. Bulyea and Mr. Wates attempted the climb
but had to turn back owing to the peculiar nature of the peak, which' presents
analmost perpendicular climb of several thousand teet.
HARDING FUNERAL
SIMPLE CEREMONY
Twenty -Ninth President Laid
to Rest in Marion, Ohio,
Cemetery.
A despatch from Marion, 0., says: -
Harding, of Ohio, is home, sleeping
his last sleep near the mother at
whose knee his first childish dream of
greatness was prettied.
Aside from the multitude that
walled the long way from his father's
home to the vault and those others
close packed to make a living setting
for the funeral rites, there was not
much to mark the ceremony as the
burial of one who had held highest
power in his grasp. There were the
men of his guard from the sister ser-
vices of the nation, the admirals and
the generals' who formed his honor
escort, the friend and comrade who
now is President in his stead, the col-
leagues of his Cabinet.
Otherwise the funeral service was.
that of a simple, much -loved citizen
of Ohio. Throngs, whose number will
never be known, passed his casket and
looked their last upon the dead face.
From his father's house he went
out again carried by the men who!
have stood constantly to guard a dead
commander. No solemn music of
bands or military pageant marked his
going.
In cars behind the simple hearse
came President Coolidge, members of
the Cabinet, the friends and close kin.
There came, too, Justice Taft and
General Pershing, Then came Mrs.
Harding in black and with her veil,
drawn close, and just ahead of her
walked the old father, his face plainly
showing his grief.' Through the
silent face -walled street the cortege
passed and around the corner to the
quiet cemetery. As it .came towards
the gates, the guns- spoke afar in
honor.
The vault stands ivy -wrapped and
set back intoa gentle hill with a space
before it. So the funeral train was
halted ata distance and the casket
carried to a resting place before the
entrance of the tomb. Already a group
of Senators, who.knew the dead Presi-
dent under the capitol dome before he
passed to the White }route, were gath-
ered, in waiting, in line across the
roadway that runs in front of the
entrances. With them stood the com-
rades of camping days, Ford, Edison
and Firestone.
The Cabinet family came to stand
closer, at the foot of the casket, with
their new chief among them, The
admirals, in gleaming white, lined the
way to the left, the generals to the
right, and beyond, behind the Cabinet,
stood the little party of intimates and
friends.
Then came Dr. Harding and the
widow, walking to her place at the
right of the • casket, with. Secretary
Christian and the members of the
family.
IRISH FREE, STATE
HOUSE DISSOLVED
sseph Delvin Cays Tribunal
of Reason Must be the Final
Court of Appeal.
A despatch from Dublin says: -
The curtain has rung down on the
first Parliament of the Irish Free
State, and the electors are now plung-
ed in the midst of a bewildering mass
of candidates, representing many par-
ties and interests.
The first Parliament goes out amid
a most consoling chorus of eulogium
from the Dublin press. The first ref-
erences to this great event were made
Thursday night at a banquet in the
Mansion House by President Cos-
grave, who paid tributeto his col-
leagues and said there might have
been shortcomings in the Parliament,
but he had never found a more gen-
erous asaembly or one in which there
was so much evidence ofgenuine
criticism and lively effort to do useful,
appreciative work for the nation.
In no assembly, he added, were
greater sacrifices made than in the
Executive Council of the Irish Free
State.
Joseph Devlin, another guest, in s
speech full of hope, said there was m
use trying to settle differences by
physical force. The tribunal
of reason
he said, must be the final court of
appeal.
The Irish Times says the Govern-
ment has good cause to be satisfied
with its record, having to its credit
one great achievement entitling it to
a renewal of national confidence,
making the Free State' safe for Trish
democracy. The paper points "but
that the most notable work of the
Parliament was the adoption of the
Free State Constitution and the pass-
• ing of a huge program of necessary
laws, which could not have been done
had not the majority of the legislators
been inured to long suffering, and had
not President Cosgrave and the 'thiel
Ministers shown high qualities of in-
dustry, fairness and tact.
tiZ
One of the most poisonous "isms" is
pessimism.
THE NEW NAVAL BASE AT SINGAPORE
SKILLED MECHANICS LEAVE BRITAIN.
TO WORK IN CAN. i 7� : L5 HARVEST
Seven Thousand Men, Including. University Students, En.:
gineers, Electricians and Clerks Now on Their' Way
to Prairie Provinces. r "
A despatch from London says: --
The rush of British' harvesters to
Canada, which has given the steam-
ship companies the busiest fortnight
ever experienced, will end on Saturday
when over 7,000men will: be on their
way to the wheat fields. Every avail-
able berth has been booked and if the
demand weretwice as great it could
be filled. Eighteen hundred men have
gone .from 'Glasgow and 1,090 more
will go before. Saturday., Eight Can-
adian Pacific boats left daring the
present fortnight with all available
space filled. The Ansonia, Caronia
and Canada of the White" Star Line
are leaving fully loaded, while the
Pittsburg and Scythia are almost
booked up.
A striking feature of this emigra-
tion and one typical or the economic
depression here is the exodus of skill-
ed craftsmen. One hundred and fifty
men who left Manchester included
university students, engineers, engine
drivers, cotton salesmen, electricians
and clerks. The e eald conditions in
England were t Fettling them and
rather than stay they preferred to
work in the wheal; fields.
There is no doubt that, Canada
could secure in Britain today emi-
grants of a higher class and more of
them than has ever been possible be-
fore. Crops are as plentiful here as
they are in Canada,,b9 with the world,
prices too low almost for the Canadian
farmer; the British grain grower ex-
pects to sell, his wheat at a lose. The
industrial outlook for the coming win-
ter is very gloomy and altogether con-
ditions are such as . tti make even an
ambitious scheme to Mettle a quarter
million of Highlanders ,in Canada,
which has been propounded on the re-
turn from the Dominionby Angus
Robertson, of Glasgow, not so fantas-
tic as might seen'. Not all emigration
to Canada these days is composed of
amateur harvesters. A. party of teach-
ers sailed last week from Liverpool,
while fifty picked emigrants left
Malta for. the Dominion.
RELIEF SHIP TO BE SENT
TO WRANGEL ISLAND
Fund Raised in London to
Aid Marooned Party _ of
Canadians.
A despatch from London says:--
Among
ays:-Among the subscriptions received to-
wards the fund which is being raised
here for the relief of the little party
of Canadians and Americans mar-
ooned on Wrangel Island, is a cheque
for five pounds from the grand-
daughter of Sir John Franklin Vilh-
jalmur Stefansson.
In an interview on Friday. Sir
Franklin stated that he hoped the
steamer Donaldson would be able to
leave Nome on or about August 16
to relieve the party if a sum of
two thousand two hundred and fifty
pounds were raised to meet the ex-
penses. The money was coming in
rapidly, he added. Of the three Am-
ericans in the party he said that al-
though they are citizens of the United
States, "they have been enthusiastic
about the retention of Wrangel Island
in the British Empire. They have
been in the British service in con-
nection with my work many years and
realize not only the clearness of the
British claims, but also the fact that
the island is of far greater 'strategic
value to the Empire than it could pos-
sibly be to the United States."
Royal Visitor to, Canada
The Ducheso of Aosta, accompanied
by her son, the Duke of Spotolo, im-
mediate members' of the Italian Royal
Family,are now touring Canada en
route to. Italy. The Duchess has been
nursing the Duke of Aosta, the Italian
monarch's brother, who is stationed at
Shanghai.
Production of Helium
New Canadian Industry
A despatch from London says:-
"The decision of the government to
subsidize the proposed airship 'service
to India and Australia ought to give
a fillip to the modest industry that
has arisen in the Calgary district of
Alberta devoted to the extraction of
helium from natural gas which is so
plentiful there," says the Glasgow
"Failing means of extracting helium
from the sun or the atmosphere some
250 miles above the earth's surface,
the most abundant sources available
for our use are the naturalgases of
the United States and Canada which
contain from one to five per cent. of
helium. -
"The Canadian industry is now able
to produce pule helium from -natural
gas at 210 per 1,000 cubic feet, and
with its present apparatus` can supply
some 12,000,000 cubic feet annually,"
Abyssinia Desires to
Join League of .Nations
A despatch, firom'Geneva says: -
The Abyssinian Government has sent
a formal applicatiotr to the League of
Nations for admission to membership
and it will be submitted at the next
meeting of the assembly. Abyssinia
is preparing to send a delegation with
full powers and ready to act if ad-
miceion is accorded.
Great Britain le to spend fifty-five million dollars in constructing it great.
naval base at Singapore, Themap shows the relation of the new baso to
Australia
TheWeek's carets
TORONTO.
Manitoba wheat -No. 1 Northern,
51.16%.
Manitoba oats -No. 8 CW, 48c; No,
1 feed, 47c.
Manitoba barley -Nominal.
All the above, track, bay ports.
American corn -No. 2 yellow, $1.08.
Barley -Nominal.
Buckwheat -No, 2, nominal
Rye -No. 2, nominal..
Peas -No. 2, nominal.
Miilffeed=Del., Montreal freights,
bags included: Bran, per ton, 526 to
526; shorts, per kat, $27 to $29; mid-
dlings, 538 to 535; good feed flour,
$2,15 to 52.26.
Ontario wheat -No. 2 white, nom-
inal. •
Ontario No, 2 white oats -44 to 46c.
Ontario corn -Nominal.
Ontario flour -Ninety per cent. pat.,
in jute bags, Montreal, prompt ship
ment, $5.10 to 55.20; Toronto basis,
$5.05 to 55.15; bulk seaboard, 54.95 to
55.00.
Manitoba flour-lst pats., in cotton
sacks, 56.90 per bbl.; 2nd pats., $6.85.
Ray -Extra, No. 2 timothy, pper
ton, track, Toronto, 515; No. 8 tim
othy, 518; mixed, 512.50 to 513.50,
Cheese -New, large, 22c; twins,
2231 to 28c; triplets, 280; Stiltons, 24c.
Old, large, 82c; twins, 32%c; triplets
83c; Stiltons, 384f,c. New Zealand oid
cheese, 80c.
Butter --Finest creamery prints, 36
to 37e; ordinary creamery, 84 to 35c;
No. 2, 82 to 88c.
Eggs -Extras in cartons, 37 to 38c;'
extras,. 85 to 36c; ,firsts, 80 to 81c;
seconds, 20 to 22c.
Live poultry -Spring chickens, 80o;
hens, over 5 lbs., 22c;, do, 4 to 5 lbs.,
20c; do, 3 to 4 lbs., 17c; roosters, 12c;
ducklings, over 5 lbs., 25c; do. 4 to 5
lbs., 20c; turkeys, young, 10 lbs. and
up, 25c.
Dressed poultry -Sprang chickens,
40c; hens, over 5 lbs., 28c; do, 4 to 5
lbs., 24c; do, 8 to 4 lbs., 20c; roosters,
15c; ducklings, over 5 lbs., 25c; do, 4
to 5 lbs.'25c; turkey, young, 10 lbs.
and
up,8
Beans-Canadian, hand-picked, Ib.,
7c; primes, 814c.
Maple products -Syrup, per imp..
gal., 52.60; per 5 -gal. tin, $2.40 per
gal.; maple eugar, lb., 26
Honey -60 -lb. tins, 10; 110 per
lb; 3 -21 -lb. tins, 11 to 1 per lb.;
Ontario comb honey, per, No. 1,
54.50 to 55; No. 2, 53.75 54.25.
Smoked meats -Hams, ed.,' 27 to
29c; cooked hams, 43 to 6c• smoked
rolls, 22 to 24c; cottage oils, 23 to
26c; : breakfast bacon, 80; o 34e; spe-
cial brand breakfast baco 84 to 88c;
backs,rolls, boneless, 82 to 88`1
Cured meats -Long ole bacon, 50
9t0070lbs.- lbs,, 518;up`70 to6,50; i 90 ts.gtweight $17.60;
and 51. $88.
Lard -Pure ti,erces15 to h15%c;
tubs, 16 to 16%c; pails„, ,3 to 17c;
prints, 18c. Shortening, .-rtes, 14%
to 15c; 'tubs, 15 to 1541,c; ails, 15%
to lec; prints, 17 to 17%'
Choice heavy steers, $,
butcher steers, choice, $
do, good, $6.50 to $7; de,>:
to 56.50; do, COM., 54.5$ to $5.50;
butcher heifers;, choice, $ ,e0 to; 57;
do, med., $5.50 to 56.25; Fj tom., 54
to 55.50; butcher cows, c° i;t;e, 54 to
$5; do, coed„ $3 to $4; c ;Mere and
cutters, 51.60' to $2; feeg steers,
good, 55 to $8; do, fair, ,4 to $5
stockers, good, 4,50 to $5,2= do, fair,
$3;50 to 54; milkers eyrie ers, each,
560 to $80: calves choice, $ 0. to. $1.1;
do, ved„ $8 to 51.0, do, corn. e�4 to 37;
lambs, spring, 512 to 512. i; sheep,_
choice,lipht, $2 to $6; do, chtee. heavy
54 to 55; do, culls and buck , 52.75 co
$3.50; hogs,fed andwatere, 39,35 to
59.45; do, 'f.o.b.. $8.75 to 5.85; do,
countrypoints, $8.25 to .58.59.
MONTREAL. ie
Oats -Con. West. No. 2,1'.65, 56c;
do, No. 3, 52, 63c; extra Ni feed,
51, 61;1c, Non'2 local white, 3 50%c.
Flout --Man. spring wheat ;rats., lets,
56.60; ands,. 36.40; strong bakers,'
$6.20; winter pats., choice, 35.75,
55.85: Rolled oats -bag 90' lbs., $3.05,
$3.7.5. Bran, 525, 526, Shorts, $28,
$29. Middlings, 538, $84. Hay, No. 2,
per ton, ee lots, 315.
Cheese, finest easterns, 181/e, 18;fic.
Butter, shortest crealeery, 32%c.
Eggs, selected, 38e. 1'otatces, per
hag, car lots, $1:25, $1.90.
Com. to med. dairy type cows, 52.25
to 33:50; :tont, thin bulls, 52,25 up;
calves, good quality milk -fed veals of
gond iveil;hts, 38.50; rated, to fairly
good weals, $7 to $7.75; corn. calves,
56; grassers, 33 to 53.50; hogs„mixed,,
310 to 510.25; thick smooths, $10;
selects, $:11; sows, $6.50 to $6.75.
to. $7.25;
to, 57.40;
ed., 35.50
Natural>Resources
Bulletin
The Natuna$ Resources Intel-
ligence- ;Service of the Depart.,
most of the Interior at Ottawa
says:
Comparison of the butter and
cheese output of Ontario shows
a condition of rise and 'fall in
production in therm two commo-
dities which may be termed ex-
treme, From 1000, when the
butter output was 7,559,542
pounds, it has maderapid and
steady progress, until last: year
the tremendous total • of 51,-
000,000 pounds was reached.
On the other hand, in 1900
Ontario produced 1$1,967,012
pounds of cheese, ;since which
time a gradual decrease In out-
put is shown, until in 1922 but
90,500.000;. pounds was produc-
ed. This latter condition is -the
more abnormal front the fact.,;.
that the output of 1900 wee
valued at 318,440,987, while the
much lower quantity of 1022
was valued. at 514,932,000.
CANADA'S NET DEBT
TOTALS $2,403,236,609 ,.
Has Increased Approximately
$11,000,000 During th
Past Year.
A despatch from Ottawa' says: -
The net debt of Canada, accorrrt�ing to
the statement issued by the
of Finance, fell by a little less
than $8,000,000 during the month of
July, although the gross debt rose by
something less than $3,000,000.
The net debt of Canada at the end
of July stood at 32,403,235, 609, as
compared with 52,409,001,572 at .the
end of June. The gross debt at the
end of July was $2,928,212,777, as
compared with 52,925,668,384 at the
end of June, The increasein the
gross debt is due to a rise in the cir-
culation of Dominion notes.
The difference between the two
statements is explained by an increase
in the investment of Dominion funds
over and above those which are class-
ed as inactive, such as the railways.
During the year ending with. July
there was a drop of about 347,000,000
in the gross debt, but the net debt dur-
ing the same period went up by ap-
proximately 511,000,000.-Thereduc-
tion in the gross debt is explained
chiefly by a decline in the debt pay-
able in Canada. ThereWASalso a de-
cline in the temporary loans during
the year, but there were increases in
the note circulation and the miscel-
laneous banking atcount of the Gov-
ernment, The increase in the net
debt ie explained by a decline in Gov-
ernment investments, 'generally ac-
companied by an increase in those in-
vestments which do not produce a
revenue.
The revenue of the Dominion for
July was $32,759,624, showing an in-
crease of about 52,500,000 over the
month of June. The current expendi-
tures for the month of July showed a
decline of well, up to $9,000,000, stand-
ing at $18,356,720. The capital and
special expenditures stood at $907,085,
showing a decline of about $100,000.
Taking the four months of the fiscal
year, up to the end of July, there was
an increase of about $11,000,000 in
the current revenue during the pres-
ent year, while there was a. cut of
something over $4,000,000 in the cur-
rent expenditure. The revenue for
the four months in the present year
WAS $152,265,648, and the current ex-
penditure, 591,145,899.
The largest single source of revenue
during the month of July is found in
the sales tax and other excise taxes,
which produced 311,019,857, an in-
crease of about half a million over the
previous. month. The customs' duties,
which came second, were responsible
for a revenue of $9,763,656, a'` decrease
of something over half a million, from
June. The excise duties on tobacco
and spirits brought in $3,432,620 dur-
ing- July, or approximately the same
as the previous month. The revenue
from income tax was $5,871,022, near-
ly three times as much as in June, but
almost a million and a half less than
in July, 1922.
PRINCE OF WALES TO
SPEND MONTH IN WEST
H.R.H. Sails Early in Septem-
ber on Purely Private Visit
to Canada.
A despatch; from London says:-
Now
ays:Noly that the -Prince of Wales itas de-
finitely -decided to go to Canada in
September, the .hope is being semi-
officially expressed that Canadians
*ill give hint every opportunity to
take that complete rest for which pur-
pose his visit was planned. It is no
secretin London that the Prince's
strenuous round of duties and his de-
votion to sport have told on him to ,a
point which gives rise to an. affec-
tionate, if ill informed, anxiety .on the
part of his admirers -the great Brit-
ish public
It was thought that a purely private
visit to his ranch in Canada would
afford- more opportunity for a com-
plete change and rest than his usual
Autmnn holiday .in Scetlatad. It is
annoenced that the Prince. of Wales
will leave England for Canada early
in September and return at the end
of October.