HomeMy WebLinkAboutZurich Herald, 1931-05-14, Page 9Suppleznent Page.
ZURICH HERALD Thursday, May 21 1931.
ol exs of
A Statement by the Z inisier of Finance
N THE dark days of the War, Canadians loaned to the
Government of the Dominion many hundred millions of
dollars to enable the operations of the Allies to be carried
to a successful conclusion.
When Canadians loaned their money to the Government, they
received bonds which were promises to repay them the sum,
loaned with interest at the rate of 5% or S.J/o per annum. On
the 1st of October:next, $53,000,000 of these bonds become
due; on the 1st of November, 1932, the maturity will be
$73,000,000; on the lst of November, 1933, $4.16,000,000;
and, in 1934, $511,000,000 must be provided for.
it would not be prudent, eher in the interest of the security
holders or the country itself, to wait uned. these loans become
due before providing for their payment or conversion. Action
must be taken well in advance of the due dates to protect the
credit of the country. The Government believes this an oppor.
tune time to afford Canadians the opport'anity to exchange the
bonds, which they own maturing in the next few yeas, for new
bonds of the Dominion of Canada carrying interest at the rate
of 4h% per annum, which is a very attractive return, Prior to
the maturity date of the present bonds, those who accept this
offer will, of course, continua„ to be paid interest at the rate as
provided by the bonds they exchange.
Canadians who have always shown confidence in their country
are earnestly invited to exchange the bonds they now own
for bonds of the new issue. By so doing, they will render
less difficult the task of providing for the future finances of the
country, will enhance its credit and will greatly assist the
Government in the present period of worldwide readjustments.
No .money will be asked for and no new bonds will be sold at
this time. It is proposed to limit the present conversion to
$250,000,000, but the Government has the right at its discre
tion to increase the amount if Canadians indicate a general desire
to continue their investments in the securities of their Dominion.
The subscription books will close on the 23rd of May.
I earnestly seek the active support of my fellow Canadians in
making this conversion, which is one of the largest financial
operations our country has undertaken in recent years,. credit.
able alike to Canada and hs citizens,
Minister of Finance.
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Saskatchewan's crop post 818' ,-
000,000 to produce last year, The
proceeds amounted to 3287,0001000.
:During the mouth of A rii 'and
the firs two week of lay 300
claims were registered in the corn.
ties of Terniskaunng and MORA, tile.
gold field of the province of Quebec,.
"Twenty marriage engagexneate
are among the results of a round.
the -world voyage of a C,P,R. liner,"
Mr, Beatty has a lot to answer fora
—Ottawa Journal,
'With a population which is over
70 per cent. rural Saskatchewan has
a larger automobile registration
than any other province. One u
every 15- people owns a car,
One of the largest fish caught in
the history of Lake Tin,<.gi n;i was
recently caught by E. B. Hamlin
who, with a small bass hoolt and
light steel rod landed a salmon trout
weighing 24 pounds and measuring
three feet in ieugth.
In 1920 there were cut in Canada
4,02-1,32,6 cord„ of pulpwood. This
cr a•:I:1, if piled four feet high and
four feet wide, reach in a continu-
ous line over 6,000 miles, or the dis-
tance from Vancouver to Halifax,
and out aver the -Atlantic to ,Queens.
tor: n, I:land.
T.•:!:!.., to the number of 10,000
vier:, distributed among Saskatoon
children by the Parks Offi-
cials and Dominion forestry Branch
on the ocf: sic>r, of Arbor Day. Each
chl'i cite maple and ono
a.':. I.^r,t year only 5,000 trees
'4'i { i'e di: ' ributed.
The Empress of France, of the Can.
ecli:.:t Pacific fleet, now on the trans.
A;.: :tie service between Hamburg,
}, itu!npton and Cherbourg to Que-
bec, holds the, record for the fastest
sou :•ne:;.twee n Quebec and Liver -
now, having crossed in 5 days, 22
and tit minutes, fuse two hours
thk:, the Empress of Britain.
Omeral Sir Arthur Currie will
r• veil : ,.,^:lorial cairn at Sault Ste.
I at ie c 1; _.'.• nee Brule and his com-
panion (.1.3..!11.011,, the eoureurs debols
K +'u sari etc. Sault and discovered
in 1622. The unveil.
i. - will place August 7th dur-
iaa `:::. :' .y Week, when the Ojib-
v; ayE3 er . 1.roduce "Hiawatha" on
two afternoons.
.Notw Banding that there will
bean int *' : • this year in Canadian
Pacific. .. a, bile traffic on the St.
Lz:vrenae, with 17 more sailings
than in ?' . (2 radian Pacific ofPi-
j e::Is report tl::az ships are being
vela booked and that according to
present indications the 1923 season
will si`..:',;- iui ..3veinent in ocean
trade frc;in l.wth Montreal and
Quebec,
Wha1c.3 are reported early and
plentifa.: this season and despatches
from Victoria state that conditions
surrounding the inauguration of the
deep-set ht,nt this year are the most
1,_otukinm in more than a decade.
The demand for canned whale meat
ha< become in3 pronounced that the
prospective pacl. of the Victorian
1 whalers is already disposed af. Eng-
land will be the distributing market
for canned whale meat this year.
A replica of an old time Hudson's
Bay fort, such as once was the
nucleus of the western posts of the
great company, and which still exist
in the far north, will be erected at
the Calgary Exhibition grounds,
July 9 to 14, as a part of the big
Stampede feature. Special arrange.
rents are also being made to pro-
vide a commodious camping ground
for the OId Timers who will attend
with the old-fashioned chuck wagon
and cowboy equipment.
Running on schedule the Canadian
Pacific Steamship's liner "Empress
of Canada," Captain A. J. Hailey,
again demonstrated her right to the
claim of "Queen of the Pacific." The
Canadian vessel left Vancouver
twenty-four hours behind the Ameri-
can liner " President 1VIcKinley "
bound for Yokohama recently, •The
"Empress of Canada" docked about
3 A.M., and the "President Malin.
ley" arrived at 8 A'M