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The Seaforth News, 1955-01-27, Page 6That cookie jar getting empty again? Well, it's a habit it has in most families, in summer or in winter, especially the latter. So here are a few recipes for "filling," all of them highly rec- ommended, * * * ORIENTAL CHEWS 2 cups brown sugar 2 eggs (large) 1 cup flour 9;4 teaspoon baking powder 21 dates, cut fine 1 cup cko2ped walnuts Put brown sugar in bowl and break eggs into this; mix well, Add flour sifted with baking powder; add dates and nuts and mix well. Spread on well - greased shallow pan. Bake at 350" for 40-45 minutes Cut into squares while still hot. * * iViOLASSE,S DROP CAKES 2 eggs, beeten 1 Cup sugar 1 cup sor. bum or light molasses 1 cup me..ed 'shortening 1 cup boiling water - Yr° teasroon each, salt and ginger 3 teaspaon soda 4% cupfuls (about) flour (do not make too sitif) Mix all ingredients together in the order given and allow to stand 20 a,iuutes in the refrig- erator. Drop by spoonfuls on cookie sheet and bake at 300° F. Frost with orange or vanilla frosting, if desired. * * * OLD FA:,:.BONED COOKIES le pound butter 2 cups sugar 2 eggs 3 cups flour 1 teaspoon baking powder 3 cup milk 1 teaspoon vanilla. Combine sugar and margarine and then add eggs a n d mix thoroughly. Add milk. Sift flour and baking powder together and combine with first mixture. Add vanilla. Roll ' and cut with cookie cutter (I use heart shape). Bake on cookie tins at 325° F. from 7 to 10 minutes. KEEPS NECK WARM — Mink tails and matched pearls are com- bined to make this expensive bit of finery for formal wear which was recently modeled in Rome, Italy. KS MAGIC DOUGHNUTS 334 cups sifted flour 4 teaspoons baking powder 1 teaspoon each, soda and salt teaspoon fresh ground nutmeg 2 small. or 1 large, egg 1 cup sugar 1 cup rich buttermilk 2 tablespoons butter 1 teaspoon grated lemon rind Sift together the flour, bak- ing powder, soda, salt, and nut- meg. Beat eggs and sugar to- gether until light; add butter- milk, shortening and lemon rind. Add flour mixture to egg mix- ture and mix thoroughly. Chill dough overnight or for several hours. Divide dough into 4 parts and roll each part separately to Ye inch thickness, Cut with floured doughnut cutter, Fry in deep, clear fat (375° F,) until golden brown. Cool and coat with confectioners': sugar. To coat: put doughnuts in paper bag with sugar and shake gently. Or, doughnuts may be iced with chocolate or vanilla icing. * * * Finally, here's the recipe for a Bake thai, doesn't need any topping, for the simple reason that the topping is baked on. It's especially good when eaten fresh from the oven. * * BUTTERMILK CAKE 2 cups flour x;; cup butter 2 cups brown sugar 1 egg 1 teaspoon soda 3 teaspoon salt 1 cup buttermilk 1 teaspoon vanilla Mix flour, - shortening, and sugar until it is the consistency of cornmeal. Add beaten eggs. Add soda and salt to butter- milk and mix well, Add '/z the buttermilk mixture to flour mixture; mix well. Add remain- ing buttermilk mixture; mix , well. Add vanilla. Pour batter into ,shallow, greased baking pan and sprinkle with following topping. Bake 30-35 minutes at 350° F. TOPPING ' 2 tablespoons. sugar 1/2 teaspoon cinnamon Y/ cup chopped nuts Combine all ingredients. Money All Over Even the most blas; globe- trotter gasps when he enters the famous "Copper Room" in Bre- men; it is part of an inn whose proprietor's taste in interior dec- orating has taken a unique form. Gleaming on the walls and ceiling of the room are 10,574 genuine German copper pfen- nigs, In some cases the coins are arranged to form figures which include Bacchus, the god of wine, and Lucullus, the cele- brated Roman gourmet. Hans Herbert Gietbmann, the innkeeper, explains: "It was my mother's idea. For weeks on end she mused how to attract cus- tomers. Then she remembered that in the early 1920's, shortly after the inflation, a German innkeeper plastered his walls with million and billion mark notes, at that time almost worth- less, and thought of the coins. Ten thousand German pfen- nigs equal approximately $30, INr'RAFROST—The "frost" Florida visitors never see is captured by the camera with use of an in- frared filter and film at Miami Beach. White effect is given by wavelengths of Tight below the visible spectrum, which humans sense as heat waves. Pian To Avoid The Common Cod A miracle cure for the com- mon cold is in the offing, a medi- cal research team reports, but in the meantime family doctors continue to use a verbal vac- cine that was probably first prescribed by Hippocrates him- self: "Keep your feet warm and dry, and don't sit around in drafts." Chilled, wet feet are one of the most common causes of colds, the medical men say, and can touch off a lot of foot troubles, too. But this doesn't mean you should suffocate your feet in extra -heavy socks and shoes made of impermeable ma- terials. They'll make your feet perspire, leaving them a prey to blisters, skin irritations, and even frostbite when the weather gets cold enough to freeze the unevaporated moisture. To keep your feet at a com- fortable temparture, many doc- tors recommend the wearing of medium -weight hose and all - leather shoes. Leather's finely interwoven fibres are a natural insulating material, permitting the feet to "breathe" and thus quickly evaporate foot moisture, while allowing cool, dry air to enter the shoes. Your feet will weather the winter months better — and give your respiratory system greater resistance to cold germs — if you treat them to a nightly soak in warn water, followed by a short exercising session that will loosen up the numer- ous tiny muscles and ligaments and whip up blcod circulation. Before you go to bed, try walking on tiptoe two or three times around the room, then rub the soles of your feet vigorously with a dry towel. STORYBOOK SCENE -Dutch boys and girls skate on a frozen canal near Vplendam, resembling a scene from the pages of "Hans Brinker." The girls are wearingfringed showls called "kap- ers" avetr their colorfully striped drosses. Modern Etiquette Q. How long is it correct for a hostess to waft for a tardy dinner guest? A. Fiften or twenty minutes. It is said that nothing short of illness in the family excuses one for being late for a dinner en- gagement. At any rate, the tar- dy guest's excuse to his hostess should be a very good one. Q. Is it considered improper to use the knife in cutting the lettuce in a salad? A. There is no ban at all against cutting the salad with a knife. Lettuce can sometimes prove very stubborn when one tries to cut it with a fork. Q. Is the prefix "Mr." ever omitted from a man's card? A. It is omitted from his business card, but never from the card which he uses socially. Q. Whose place is it to pro- pose a toast at the reception to the bride and bridegroom? T. The best man, whereupon the members of the wedding. party and the guests rise to drink the couple's health Then the bridegroom rises and ex- presses thanks for himself and his bride. Q. Is it proper to sip your coffee or tea with the spoon? A. Not the entire cup. The spoon may be used for tasting Only, never for drinking. After stirring your beverage and tasting, lay the spoon in the saucer and let it remain there. Q. I have sometimes noticed a man holding a. cigar or pipe in his mouth while tacking with a woman. Isn't this considered very rude? A. In conversation .with a woman, a man of good breeding will always remove his cigar, cigarette or pipe from his mouth. Q. Is the double -ring mar- riage considered proper those days? A. Whether the man wears a wedding ring or not is entirely a matter of personal taste, and not of etiquette. He may or may not wear a ring, and in either case he will be perfectly proper. NEW STAMP—"Towered Italia" Is the theme of this stamp lust Issued by the Italian govern- ment. It has the head of a young woman wearing a towered -wall crown. The crown is symbolic of the many towers In Italy, such as the one at Pisa. Annual Meeting of Shareholders the Royal Bank of Canaa 1955 to be "Year of Decision" for Canada, Determining Economic Welfare for Years to Come, Declares James Muir Prosperous Future Lies in improving Competitive Position, Not in Hiding Behind Trade Barriers. Scope of Existing Agencies Should be Broadened to Provide Long -Term Export Credits The conviction that 1955 will be a "year of decision" in which the solution of immediate prob- lems will have a tremendous capacity for good or evil in Canada's future was expressed by James Muir, Chairman and President, at the Annual Meet- ing of Shareholders of The Roy- al Bank of Canada. Only a rare combination of statesmanship and good fortune, he declared, could guarantee a proper solu- tion of these problems. "In a period of obvious infla- tion or -deflation," said Mr, Muir, "it is comparatively easy to de- cide on the appropriate direction of monetary and fiscal policy, and the major problem becomes that of choosing the combina- tion that achieves maximum effectiveness with the least cost and dislocation to the economy. The really difficult decisions must be made at a time like the pres- ent when it is still unsafe to pro- nounce inflation entirely cured and still less so to assume that the paramount danger of the moment is the galloping defla- tion of the early 1930's. ECONOMIC PROBLEMS "The problems posed by the high cost economy become more acute with every increase in the competitive threat of foreign industry to Canada's markets at home and abroad. Pressure for protective measures becomes more insistent as the immediate effects of sharpener, competition become apparent. I am still of the opinion that Canada's fu- ture lies on the side of improv ing her competitive position rather than isolating herself be- hind heightened barriers to trade. "Increased protection is no answer. The disadvantage of our dollar's high exchange value is general: it affects all Can- adian producers. It imposes a tax on exports and a subsidy on imports. Protection helps only those Canadian producers who must compete in the home mar- ket against imports: it does nothing for our exporters ex- cept to subject them to a fur- ther rise in domestic costs and hence to a further limit on their ability to compete in foreign markets. LONG-TERM FINANCING "The noticeable decline in ex- ports since 1952 may also be at- tributed to a number of inter. related causes: price declines, in creased competition from low cost producers abroad, the re- covery of industrial capacity in War-torn countries, and the like. All these tend to alter relative cost and price relationships ,in the world market to Canada's disadvantage. But, in addition to the important matter of rela- tive costs, a new factor has been injected by European suppliers who are able, with government support, to offer long-term fin- ancing to their customers in the world market, "In view of the importance to Canada, today and in the future, not only of maintaining exports, but of maintaining in- tact her industrial legacy from wartime expansion, it seems abundantly clear that definite action should now be taken to provide our traders with the credit facilities they lack. These facilities might take various forms; but, in general, they could be provided by a corpor- ation, orporation, owned partly Or wholly by the Government, with the power to discount export paper of longer term than chartered' banks can handle. The essential function of such a corporation could indeed be provided very simply by widening the scope and Operations of existing gov- ernment entities now active in assisting trade and industry. FORESIGHT NEEDED "We have the natural re- - 1955. YEAR OF DECISION "I believe that 1955 is a 'year of decision' in which our solution of immediate prob- lems will have a tremendous capacity for good or evil in the years to come," said Mr, Muir. "During 1954 we have seen not only a defeat of in. flationary forces In the econ- omy but the reappearance, at least in a shadowy form, of the deflationary bogey of the 1930's. In January, 1954, I referred to the fact that the inflationary boom had already become, for some sectors of the economy, a thing of the past. Since then we have seen a rise in unemployment and a reduction of some, magni- tude in certain components of the National Accounts as well as in the Gross National Product itself. We have seen as well increased competition in home and for- eign markets from the re- vived industry of the United Kingdom, Western Europe, and Japan." "Within an overall climate of political and economic freedom, our policy decisions in government and business during 1955 should take due account of four interdepend• ent goals of an economic policy directed towards the economic welfare of the com- munity. The first of these is to ensure that our human re- sources are not wasted in in- voluntary idleness: that is, we should try to maintain a high and stable leve] of busi- ness activity and employ- ment, The second goal is to ensure that our resources, when fully employed, are al• located in suet a way as to produce the maximum vol- ume of goods and services and to bring these goods and services to market inthe pro- portions in which consumers want them. The third goal is to ensure that the distri- bution of the national prod- uct and income combines equity with the highest pos- sible incentive to increase the total amount of product to be shared. The fourth and final goal is to ensure that al] our policy decisions are con- sistent with an appropriate rate of economic progress and growth in the economy as a whole." - General Manager Reports Assets Over $3 Billion T. Ii. Atkinson, General Man- ager, in reviewing the bank's 1954 report, stated that total as- sets of The Royal Bank of Can- ada have now passed the three - billion mark. This, he Pointed out, was a new record in the history Of Canadian banking, and an indication of the bank's pre-eminence in the opinion of the public. Deposits had also reached rec- ord totals, said Mr. Atkinson, pointing out that they now stand at $2,797,548,149. "It would have been reasonable to expect a de- cline in loans to accompany a falling off in the gross national product," he commented, "but this has not been the case, al- though the pace at which loans were expanding has slowed down, Our loans have increased to a total of $1,188,022,047." Mr. Atkinson said that for the first time, the revised Bank Acta . enables banks to advance money against new residential construc- tion under the National Housing Act. "We had advances outstand- ing in this category amounting to $22,672,390,'. he said, "Actual- ly our total commitments are something over $62,000,000 — the difference between the two amounts to be loaned as con- struction proceeds. This repre- sents approximately epresents'approximately 40% of the total commitments of all the banks." ROYAL BANK ABROAD Mr. Atkinson reported that the bank's foreign branches had made further progress during the year, with most satisfactory results. "In keeping with our past pol- icy of extending our services to new areas where developmci warrants banking facilities, we have opened one branch outside Canada during the past year and in the near future will . open three more in the Caribbean area which will bring the total of our foreign branches to 74. These 74 branches rnea.n 74 C - nadian representatives abroad whose services are at the dis- posal of Canadian businessmen to give them first-hand informa- tion on conditions in their re- spective localities. At a time when Canadian export trade has been declining as a result of in- creased. and intensified competi- tion from other exporting coun- tries, these 74 information cen- tres abroad can be of inestimable value to Canadian exporters by assisting them through up-to- date and first-hand knowledge of the local markets. "Our foreign service is a source of great pride to us and, we feel, justifiably so. During the past 55 years, we have built up an enviable reputation abroad and are very much an integral part of the business life of the countries where we operate; m fact, in some cases .we are con- sidered a local bank rather than a foreign one. sources necessary to make our own efforts worth while; and so in the end our progress depends upon the quality and quantity of our human resources. I do not think we need have many doubts about the high quality of our human resources. But it re- mains for far-sighted policy in business and government to en- sure not only that this high quality is fully and efficiently used, so as to realize fully our capacity to produce and prosper today, but that we achieve the proper degree` of expansionin thequantityof these resources available for use tomorrow. We must start today to create the economic environment that will both encourage, and enable us to take full advantage of, that growth in population and capi- tal without which we «cannot realize the great potentialities that lie in out wealth of natural resources. "How we meet our problems in this year of decision will, as I. have said, profoundly affect the direction and rate of Can- ada's growth. If. the decisions we make are in keeping both with the realities of the present and with those of that greater Can- ada which can be seen in out - GREAT STAFF TEAM "Including maintenance staff, technicians and others with spe- cial duties, we now employ well in excess of 15,000 people. They are welded into a great and res- olute team which takes second place to none. 1954 was no ex- ception to the pattern of the post-war period which has seen the emergence annually of in- creased volume and new busi- ness procedures to place fresh demands upon the staff. Again the challenge has been met with skill and devotion. "We are proud of our staff, not only for what they accom- plish on public counters and at their desks but for the services they perform voluntarily out- side the bank in the hundreds of communities in which we are represented. We have tiles of. heartwarming :letters as elo- quent testimony that thein ef- forts do net go unapprecietcc1. leave our doubts behind and, by making the decisions appropri- ate to greatness, bring greatness line even now, we may safely -itself within our grasp.