HomeMy WebLinkAboutThe Huron Expositor, 1942-08-21, Page 3inance
(Winnipeg Wee Preli'a)
Mr. M. J. Coldwell, leader of the'
. •presented to the- Omuta of
•C.ommslne the bang and financial
program -of his (Party (luring the re -,,
cent sessions, lf, aa',I and when he is
'elected to power he will nationalize
the banks and other financial. 'insti-
tutions and have 'them, operated and
by the government.
iddrected overnent.
This is a rather hefty proposition.
These institution represent hundreds
4of millions of invested capital'and de-
cades of practical experience. The
govejntnent of Canada is• now engag-
ed in financing a war. This alone is
she biggest :financial task ever faced
by the people of this country: It is
an undertaking which, measured by
the relative' wealth of the two coun-
tries, is comparable to the financing
of the_American war efiiert. On top
of this, the leader of the C.C,F., with
lightness of spirit arising out of .free-
dom from responsibility, proposes not
only to fake over all -the financial in-
stitutions of the nation, but to oiler=
ate them by. the government, in the
blind hope that men without experi-
ence can "do the job more efficiently
than 'those who have spent their lives
at the task.
What follows if this is done? The
proper answer might very well be:
"Nothing whatever!" The stocks and
hrond-s, or other securities which re.-
present
e-present ownership, would pass from
the strong -boxes of those who form-
erly owned them into the vaults of
the government. The government has
Ito trained body of financial erperts
to take over the:" direction of these
institutions. For a time at least,
management and operation would
crave to reside in the hands of those
who now operate them, but the direc-
tion of policy would lie with a 'politi-
cal party which has had little or no
administrative experiende. Out of
these changes we are supposed to
reap great (benefits -was greater faith
ever before known among men?
Mr. Coldwell has told ,us some
things which would be done at once,.
An examination would be made • of the'
accounts of all bank depositors. The
work would be done with fairness-
Mr. Coldwell has said so. This small
fry would be; .permitted to escape
through the net. Those in a position
to stand the strain would be compel-
led to advance to the government a
proportion of their . funds, interest
tree, the principal to be returned af-
ter. the war-esubject, it may be pre-
sumed, to the hope that, in the inter-
val. no one changed his mind.
The words, "interest free," are in-
trinsically deceptive. There is no
such thing as interest free loans.
Someone must always pay and, in the
end, it -must be the borrower, not
the lender. It would be extremely
difficult to conceive of a society in
which interest free loans would he
possible. So long as property has va,
Iue, so long as people pay rent; they
will be willing to pay interest for
the use of materials which might be'
used in, the building of houses' and
that, in practice, means interest for
the use of money which constitutes s
call upon products of .labor: It 'is
true, We might pass legislation which
would compel Peder,' ifehe had. the
money, to give it to Paul 'in order
that Paul might build for himself a
new home, but. this would be -equiva-
lent to insistence uponthe principle
that the Peters should do the saving
while the Pauls did the spending and
got rich, or at least became comfort-
able, throughthe toil :of other men.
•
ExpectBigWheat
Crop In 1942
Although farmers both, in 'Canada
and the United States reduced wheat
plantings in 1942, there is every
,indication that the 1942 • crop will be
`a bumper one, and that storage facili-
ties may be severely taxed, .saye,, the
July issue of the Current Review of
Agricultural Conditions in Canada.
Recent advice from ether wheat pro-
ducing countries indicate boat .in
Australia the acreage"to wheat. sown
for harvest late in .1942 will be
seduced by about 25 per cent. over a
year ago with a cornpulsory reduction
program in effect. - ,
Wheat acreage in the Argentine is
also ,expected to be smaller, largely
ebecause dry, weather in the central
' and e'orithern wheat areas has -pre-
vented the preparation of a suitable
• • seed -bed. Taking- the Continent of
Europe',a's a whole, the wheat crop
suffered extensively •-from ,the severe
winter, as well as from labor and
fertilizer shortages. However, in the
United Kingdom, 1942 wheat crop
prospects, are very favorable, 'roll
acreage has been expanded to 13
million acres from • a total of 12 mil-
lion before the war with the wheat
.area. being increased by one-third.
•
`FLIES CAUSE
INFANTILE PARALYSIS
Investigations by medical scientists
indicate thatty-infected foods are one
mf the principal causes of • Infantile
Paralysis (Poliomyelitis). Every Sy,
allowed to live ire "a piitetytifd Menace to .
human health y
KILL I1 •t!9 i1:'
WILSON'S
LY ADS
QUICKLY, CLEANLY
"•
HUMANELY
10c Oa kali gICOP $ D$
/A1 dill pro.«its, Orilffi; Iididwa _ & L#iiY«rul iiloiiw
To discuss •serlOusly a• ]lhaai PO`
flippfliit" wof'ld 'hardly 'be nee atria(' 1
were it not for the elistinga'lWed; post
'tion';held by its author,. tar. Co14well,
Banks held their Impgstaaice In out
financial life because they 'have Lor
so long proved to be the safe relrosiz
tortes of the fiind's of the 'people, If
a man is taxed because: he has a bank
account, he will earry leiw surplus
funds in some other place. M,oiiey of
the people, mobilized An banking in
atitutions, known to be safe, helps to
strengthen the financial position of.
the nation, aids in the conduct of bus-
iness.
Once there was a ruler in Egypt
named Mahammed Ali, who taxed
date palms. The Arabs cut down the
•trees. Dates became scarce. The
people went hungry. All this was
due to stupid taxation. Mr. •Coldwell
may not yet have learned the first
canon of •taxation, but the lesson is
there -in that simple story. The
method employed should not tend to
shy up the sources of production -
the source from which all, taxation
comes. No one objects to the prin.-
ciple of taxation according to capac-
ity to pays. The size of a bank ac-
count may, bear scant relationship to
the wealth of the man who owns it.
Canada is a pomntry in which banks
render a great service to the people.
We use bartks more freely than do
the people of any other country in the
world. The proposal of Mr. •Coldwell
would be, at best, a duplicate income
tax -at worst, a dangerous method of
approach to the problem of taxation
-it might quite easily -do a great deal
of harm. There can be no valid ob-
jection. to compulsory loans -but they.
should be based precisely as is the
income tax and interest should be
'paid. •thereon. "Interest free" loans
can never be free -they could, in
fact, prove costly.
IncreasedOutput
f Hogs Required,
'The • most valuable food products
for Britain at the present time are
those which are or can be concen-
trated, easily +transported •and avail-
able in quantity close at hand. One
of the meat products which meets
these requirements best is bacon.
Canadian bacon of a hind and duality
which • meets the British needs is
available in quantity. However, defin-
ite increased hog production has oc-
curred which has increased hog mar-
ketings for the first six months of
the present year to a peak of 3,147,709
hogs las compared with 2,893,982 hogs
during the first half of 1941. The re-
quirements of Britain have, been met
Only by voluntary reduced domestic
consumption. It is now , clear that
some further 'increase in -hog produc-
tion be necessary if the desired
supplies for export and domestic bac-
on. and pork are to be met.
Canada is particularly , well suited
for the production of hogs. Feed is
available and equally important, Can-
adian farmers have -the skill and ex-
perience necessary for the produe-
tion of high quality hogs: The same
applies 'to the packing and transpor-
tation agencies, ( which have during
the last two years processed and
handled more hogs .than ever, before.
Taki) R, ' both domestic and export
requirements into consideration and
;he likeiaood of increased needs
because of the suitability of bacon
for shipment and its desirability as a
food, it seems apparent that further
increases' in production are required
and necessary. In the interests -of
both produce- and processor, increas-
ed production should be - •planned so
that hogs will be marketed in spring
anti summer rather than fall and win-
ter, because there is a limit -to pro-
ce§sing and' storage facilities and a
uniform monthly 'production of hogs
Will make for a more efficient use of
existing facilities.
CKNX - WINGHAM
920 Kcs. 326 Meters
WEEKLY PROGRAM HIGHLIGHTS
Friday, Austieet 21-8.30 a.m:, The
Early Birds; 5.30 p.m., Kiddies' Carps
ival;- '7.45 p.'m., Hanover , Review; 9,
' Hose of Dreams.
Saturday, August 271-8.25 a.m., Ov-
ernight News Stifrimary; 1' •p.m., Walk-
erton" Review; 5.45, Glen Miller Orch-
estra; 7.15, Sports Reporter. '
Sunday, Aust 23-12.30 p.m, Sun-
day News; 1.4'5, Hawaiian Memories;
4.30, 11. 'V. Pym and Guest; 7.15, Or-
gan Serenade.
Monday, • August 24-9 a.m., Voice
of Memory; 11; "At Home With the
Ladies"; 1.45 p.m., "They Tell Me";
9, Federation. of Agriculture Palk
Series.
.Tuesday, August 25 - 8.45 am.,
Hymn Time; ea - noon, Canadian Farm
& Home Hour; 7.30 p,in., Paisley Par-
ade; 9.30, "Cheers From the Camps."
Wednesday, August 26-10 ,a.m,, Al-
manac News; 5.30 p.m., Kiddies' •Carn-
ival; 8, Lauma at the Piano; 9, Danc-
ing Discs. •
Thursday, August 27-8.3j a.m.,
Breakfast Club; 5.45 p.m., The Book
Reylew,
4 ,. 1
Youth: "Could you give me a job,
sir?"
Store Manager: "But 'aren't you
the fellow I saw trying to kiss my
daughter last night?"
"1:lr-yes,-sir, but I didn't."
yoirng Man, I don't wank any
failures in my store. Good day!"
i
Y I?1
4•
v�.'LM1k!
',"?Meekly • Retfi,ew of Deike1 pnnente
Oh the Home Front
•
Canadian °Bolla
bombing attars
Veer points, in
m s
ea (tree concerning
and regulation
Womanpower
Hon. Hu�mplhr
ss to -the Can
John, N.B.
H. J. Proctor,
of the 6th
Simla, made
et of the is
attalian.
Prices and
actio
of tea or
of
of electrical
etailers,•-whole
rs are frozen
to . be made
permit.
the title of
the N. X.
Magazine "This
to a story
Commander.(
in Britain
United States
an article and
a day or so
Food Ministry
ole to supply
with- at least
and bacon
'being
ed, Department of Agrieulture an-
nounces. This is 10,000,000 pounds
above the agreement expiring next
October. .
8. Queen Wilhelmina of the Nether-
lands greeted at -Ottawa .and grants
first informal press interview of her
long historic career as ruler.
9. Pensions Minister, 'Hon. Ian Mac-
kenzie, announces at Vancouver that
plans for- evacuation of the civil popu-
lation 'of Vancouver Island and parts
of the lower mainland in case' of en-
emy attack are complete and re-
hearsal is planned within next few
weeks.
10, Air Minister Hon. C. G. Power
arrives. with senior officers in' Britain
for inspection tour and conferences..
1, Three di+ans par-
t1ejate : n 1 k on Duis-
burg and. Ruhr Val,
,
2,• New erring op
ganization a of -Canada's
man ,and forecast by La-
bor M'intster ey Mitchell
in an..a4dre adian Club
at Saint J'o
8. 1Vlajor. 31 -year-old
Ottari'a officerCanadian
Division Sig officer com-
manding els t Canadian
Parachute B
4. Wartime,Trade Board
promises "appropriaten" in eas-
es where salescoffee are
Made in contraventionrationing
5. Stocks • stoves in the
hands of r wholesalers and
manufacture and no fur-
ther sales areexcept un-
der special
6. Under "Canada's
Handy Andy,"Hera•Id-Tri-
bune Week," devotes
nearly two pages and pie-
tures
ia
tures on LieutenantGeneral A. G. L.
.McNaughton, n -Chief of
Canada's army"Time,"
the weeklynews' maga-
zine devoted . front• pag
picture to himprevious.
7. British hopes 'Can-
ada will be a the United
Kingdom 700,000,000
pounds of hamunder a
new bacon agreementnegotiat-
Shipping Space
Made Available
Thousands of cubic feet of shipping
space Will be made available for war
.essentials 'by the elimination of news-
papers and" periodicals .from overseas
mail. This order of the Postmaster'
General effective August 10th applies
to destinations in Central and South
America, Bermuda and the West In-
dies
ndies as well as' the United Kingdom.
Clippings of special interest sent in
letters cars replace to a great- extent
whole papers , sent for their local
news. A pair of scissors and an en-.
velope kept handy while the paper is
being read facilitates matters, and is
a practice already carried out by
many people who have, on their own
initiative, taken into account the
shipping space problem.
Cornrnon Sense
In Buying Fish
Labor shortages threatening in ev-
ery direction as'. the country goes
more deeply into war needn't be tak-
en`lying -down.' There are countless
ways in which everyone can lend a
hand to ease the nation's load.
Take the ..case of fish, a Canadian
food of which there is a good supply
in many varieties. When ordering, if
an extra pound or half pound is pur-
chased, it can form a main dish for
two meals instead of one, but serve
in entirely different fornix. If whole
fresh fish, instead of canned or fillet-
ed.fish is .purchased, there is, in addi-
tion to 'labor 'conservation before the
product reaches the consumer, . the
benefit to the consumer of a more
economical product in most cases.
"Many kinds of ;fishthat 'rake fine
eating deserve to be better known.
Watch • for local varieties ,and buy at
the 'height of their -season," advises
MIss Hazel Freeman, lecturer -demon-
strator, Department of Fisheries.
- In blrying whole fish, small plump
varieties are often better value than
long thinner ones of -the -same weight
because of less bone and skin wast-
age -
By getting a fish whole and boning
it, bones and trimmings maybe -used
for stock; chowder or sauce, and none
of its goodness Is wasted. •
To bone, continue to cul, beyond the
vent -the cut made when cleaning.
Then, beginning at the tail insert a
sharp knife between the flesh and
backbone, Keep knife close to the
bone and work it towards the head,
cutting bone clear from- that side of
the flee e' Turn and cut the bone
froth the other side. With fingers
remove any boned lett. With small
fresh fish, a fillet may be liftbd off
the bones by making. a slit down the
backbone, and, starting from the bead
end, lifting the fish carefully off the
back -bone with the fingers.
Wipe (fish with cloth wrung out of
cold, salted water. Neverieave 'fresh
dish soaking in -water, or' place. fillets
or fl}fh steaks in Water to clean, Sol-
uble juices which give fish rte flavour
and nutrfnent will be lost.
'IliHY4!^^)
(Colutllolued:- frost Page'` 4. ).
taken up a cglkectior bp";
to thirty' .dollars':: *ore than en^
*ugh to pay hio far e. r look is home
and wild be here, oiti,l±'riday. We
are sorry to say)' hisb, girl is not
ro essin yery v
fa,
Progressing e Mut don't
gr. g �
orb
think for a minute 444 Jack doesn't
appree4o to the .lnlndiiess +and thought-
fulness
houghtfulness of the hogs: at Debert.. The'
song, 'illy Buddy," aaa real mean-
ing for hint now. --B1 di - andard.
Injured . in Car Accide -t
James Norris 'eustalped three brok-
en ribs and a very badly :trained
shoulder when a 'ta cls dra" • as-
phalt collided with .his oar ' near
Mount Carmel. The. Norris ear was
badly damaged and the trailer was
entirely smashed, but he could have
been much more seriously hurt. Mr.
Norris' grandson, •Doug.• McEwen, of
Detroit, driving with • him, also the
truck driver, escaped injury, - Mit-
chell Advooate.
Property Transfers
The cottage on. Huron Street occu-
pied by Mr. Harry Henry and awned)
by Mr. J. H. Jones, has been sold to
Elizabeth MacDonald, of Crom-
arty. The sale was put through by
Mr. C. V. Pickard. Mr. Henry, ac-
countant for -Canada, Packers, with
Mrs. Henry and tittle daughter, are
moving to 'Clinton. The home will be
occupied for the present by Mr. and"
Mrs. Ralph Rummell;, who are moving
4n.
Mooney Estate, 'l
ennui. ui. Staiz`lalte, '1VIr• C'i. °'Ve
was the real 'estate agent;. ,••,-,
Times,Advocate- ,
Father Late H. MOrelg Fractur till '
etc
99illiaip rel4',-f.,athet-o -thufilia
I owl�
,MO*Z' and o former >1•esl-
dent 'Of Ville >nn? t73 " ' tpwn t
vis# sold •friends on TAtesday SYS' g,
trlppe, d (alp dd tell . in front of (the ¥ar-
bre • W4+rlts Nitre() hfs head al st;
a tombstone. Alitherngh no inilltiry
was sustained- to his bead, lie fractur-
ed his left li'8! in the ,fall. Ha was
taken to the Stratford General Hospi
tal where his, condition is fair,' - Mr.
'M,orenz makes 'his home with his
daughter, Mrs. Bus]i$eld, dneSiraitford.
-Mitchell Advocate.
Sweet 'Without
Using Sugar
Starchy foods, among •thempota-
toes,
otstoes, wheat, cereals, beets and corn,
are energy producers,, better •energy
foods than sugar, according to food
economists. This is something to re -
me Aber when planning meals, keep-
ing within"the sugar ration, and to
make those ,rationed ounce's go fa1-
ther.
Sugar substitutes. available, though
they cost more than sugar, unless
there _is a home supply, step up
meals from time to time%
When honey is used remember Oka
one cup, may replace one cup of sugar
in a recipe, but the amount of liquid
called for should be reduced by one-
quarter (Wt*; Only 'SinOt, a
Pf 'Honey . �r�0cjlul;e d, ##, ?k 1
reel e, W le not, aleoenOa47
i!c
Luce
th+ 4,104)., Whe'ia�'b'aking; kiPli y' p1
ducts; the oven temperature ;low'
and evert because. -•foods using h ney
burn very easily. T
Before meaatirdug Haney, lightly
grease the measuring OOP, or s'pgo9-e!
This will help to prevent .' toney' from
sticking to utflnsilg and .you. will*Age
get your full ineasi}re.
Maple sugar may be used place
of all or part of the sugar 4
eipe., Substitute one Cup of grated
male suer for onecup maple g c p oY grauulal-
ed or brown sugar. With maple Wag,
it is best to use tested recipes.
Corn • syrup is not as sweet a
sugar. Corn " syrup manufacturers
have developed special recipes• using
their .products so- it is advisable to
follow these recipes when substitut-
ii g corn syrup for sugar.
These' sugar substitutes dray be us,
ed for cake, cookie and -muffin reci-
pes. For all other baked produets, it
is best to use recipes especially plan-
ned
lanned for the sweetening agent. calms
with much syrup in them are heavier
than sugar cakes and usually stay
arnlnE
fo>( himselaf ' '� zs
..,:415 tt �ll$; n yF
i�►pp41e err- q(t'etior
,soled to inspire ---.'.'rail;
it is al taa poor va3ro;
the imarts,of *there t
•
,our own,
Order; -me a 11 ht and ea
ward liberty ands Fele, ,comp
one's ,self; order is -power.-e-
Diocouragemen,t affords. 1
casion for a more intel1igen eon
-John • Dewey.
v ..
."if thou would'at get a friend pro►i
him first andhenot, hasty loo'
him:"-(Ecclesiastieus VI 7). '
The pessimist sees a difiisul(3y
every opportribity, the , , �R1$ntiA' .•
should see an opportunity in event
difficulty. '
?ld
n+l
Employed and Post Offices
have been requested to dis-
play in a prominent place
the official Table of Tax
Deductions.
Forms Tp -1 may be secured
front' your employer, Post
Offices, or local Income Tax
offices.' •
•
Income Tax is Fair to All
In the fourth year of war, Canada will .need ,airnost four billion.
dollars. This is the equivalent of nearly $350 from • every man, woman
and child in the country. -
Even with - the highest income tax.history, 52% only of the.
money Canadaneeds will be raised by taxation..The rest will have to be
borrowed by means of War Savings Stamps, Certificates and Victory
Bonds.
Starting with the . first pay period. in September representing Sep-
tember earnings only, your employer is required by law to deduct your
income tax from your wages or salary, and Send it promptly to the
Government: Everybody will pay his share as he goes along:
It's going to be tough , . . but not, too tough! Here are
soine- good features:
1. You wile pay as you earn, so that you
will not be faced with a large lump sum
payment next year.
The National Defence Tax already de-
ducted during the first 8 months of this year
has been taken itito account in the 'Table of
Tax Deductions.
•
3. Though the income tax rates show a sharp
increase over last year, a large portion of this
increase is actually savings, to be paid back to
you with interest after ;he ear.
4. The money you are paying for life insur-
ance premiums, annuities, principal repay-
ments on your home, or into 2 pension fund
may be deducted (up to a certain maximum)
from the savings -portion of your income tax.'
In many cases this may be sufficient to make
payment of the savings portion of the tax
unnecessary.
CHART SHOWINe 1942 YAR Laill MY OP
MARRIED ,PERSON WITH TWO DEPENDENTS
AM/COMPARISON WITH TUE 1841 TAUT LIABILITY
TAX
OMAR
44000
'Q
•
$2500
TOTAL TAX PAYABLE
.,
two
51500
kern
sod
11008
°oni ON • I
Il11l111lll
ullllll�����1'll�lll i:
I�IIF'FIXED TAX
-
Iowan ii 1'111lllllill
,._
rs.3a:-'l
TA i1 ,Be6• , ,T,. 15EMB.Oi ,
ANNUAL TASAOIE WORE aECORE ExENOT1oRS
'ANIMAL
Unless you are single, without dependents, and not making payments of the
types mentioned in paragraph 4 above, you should -file Farm TD -L wilthyour
employer. Otherwise, you may hot be allowed the credits to which you are
entitled. DO NO'I; DELAY. File Form TD -1 with your employer at once'so
that you. may get the full allowances from the start.
DOMINION OF CANADA -DEPARTMENT Or NATIONAL REVENUE
INCOME, TA, IVISI ►N c:piusEk ,yrs_
'ION. C.OLIN GIIiSON,
Mtiss of Naaaannl Re envie.
'4,
-ii