The Seaforth News, 1928-03-15, Page 2HOW TB' V LWT MADS
TH TY.e1GliT MILLIONS
PROFIT IN THE YEAR 1927
Participating Policyholders Receive NinetY,'ive Per Cent. of
Profits—Dividends to Policyholdeirs Again Increased
--Com 'an Seeks Legislation to Maintain
--Company Canadian Control
Mot --The a omens record of the Sp -n Life Assurance Company
n foal. to n Its income of 192,000,0Q0 is already
is an inspiration to all Canadians.t $
equal to the total revere° of the Government of Canada in the year
1910, and $88.,000,009 is certainly an amazing sum to have earned as profit in
one year, Not many torporattons anywhere can report such figures, The
President's intimate, practical comments at the annual meeting explaining stow
these huge Profits were made were illuminating.
Of even greater moment, however, were his statements •regarding the
danger that this great Canadian institution may pass trona Canadian control..
Some months age, Mr. Macaulay referred to the activity of Wall Street in the
buying of Sun Life stook, and cautioned policyholders and shareholders of the
menace it involved to au institution which was founded and developed by
Oanadians and which has obtainedits phenomenal growth under Canadian
management. Subsequent events have justified these misgivings. and at the
meeting the first public intimation was given that the Sun . Life directors
are seeking legislation at the present session of Parliament which is intended
to effectively forestall this danger.
Precautions to Maintain the Com
Pan
9
Canadian in Character.
.
In
concluding address to the
l
g his
shareholders and policyholders the
,president made the following refer-
ence to the matter:----
"There
atter:—"There 15 but one cloud on our hori-
zon. Our very prosperity
has created
a remarkable demand for our capital
stook. .W We desire to ensure that this
. great company shall always remain
strictly Canadian n n
t y C adian in its control and i
particular that its investments shall
'serer come under Wall Street domina-
tion. A bill which we have intro-
' duced tato Parliameht will be sub-
mitted for your approval. If it be
passed, it will give us the protection
we so much need,' and I know we can
rely on the whole -hearted sympathy
and support, not only of our stock-
holders and policyholders here pre-
sent, but of our army of policyholders
throughout the country."
The meeting unanimously approved
of the measure in question. How im.
portant •and how vital to Canadians
are the interests at stake is disclosed
in the report submitted to the annual
meeting of the Company.
In moving the adoption of the re-
port, President Macaulay said:-
-You gentlemen have become so ac-
customed to our presenting every
year a statement surpassing all pre-
vious records that you come prepared
to hear another report of that des-
' caption., I am quite 'sure/ however,
that not one of you, in his most op
timistic, moad, expected, a report so
favourable as that which you now
bare. Our record for 1927 is indeed
a remarkable one, Let me touch on.
the ;main features:—
Remarkable, Growth, Strength and
• Profits.
"The new assurances completed
emountod to 5328,000;000, an increase
of over 562,550,000.
"The amount in force at the close
of the year had rlsen-to $1,487,000,000,
and at the present moment is well
over 51,500,000,000.
"The income exceeded 5102,000,000,
an increase over the previous year of
523,800,000. To nie, this is very im-
pressive. Not only has this item
passed the une hundred million mark,
but the increase alone is equal to
what was our total income but eight
years ago, which had been accumu-
lated by forty-nine years of strenuous
effort. .A. itle company with a total
income no greater than our increase
would be an important corporation.'
"The assets have increased by 559,-
000,000, and now exceed 5400,000,000,
"But the most wonderful of all
these wonderful figures is the amount
earned as profit—$38,000,000, How
great this figure is -may be judged.
from the fart that the earnings of the
previous year, in which we so re-
joiced, were 520,500,000. It would be
hardly reasonable to assume that our
earnings of future years will continue
on such a tremendous scale, and we
have therefore set aside a large part
of ibis sum to provide for future con-
; tingencies.
( A Great Surplus and Contingency
Fund,
"Ourr securities have been valued on
a very conservative basis, but from
even these moderate values we have
set aside another 55,000,00 to provide
for market fluctuations, making the
total deduction under this heading
$10,000,000,
"We have also set aside the follow-
ing amounts:—
"A further 51,600,000 for unforeseen
contingencies, raising that fund to
512,600,000;
644000 to provide for
possible greater longevity of annuit-
ants raising that t i52,000,000; tem to
and800 000 toincrease r
$1, ,, .ourre-
serves on tropical business be4ides
writingg off another 0
$1,0 Q,000 on our
Head Office and other buildings.
"We have distributed11,100 000 in
profits to our policyholders, and have
also set aside $6,200,000 to cover"pro-
fits accrued onp ollcies
"After providing for all these
amounts, we have added 511,000;000
to our undivided surplus, raising that
sum from $84,000,000 to 545,000,000.
Scale of. Profits Increased for
Eighth Successive Year.
"The announcementtr however, that
will be received with the greatest en-
thusiasm is that for the eighth con-
secutive year we have increased the
scale of profit payments to our policy-
holders. The basis of distribution
for 1928 will call for nearly $900,000
more than would the basis of last
year.
Proflts of Policyholders Unexcelled
in the world.
"We can already say that in profit-
ableness to our policyholders, we are
not excelled by any life company in
the world; but we are not satisfied
and will not be satisfied until we can
make an even stronger statement
than that. Years ago, I told our field
force that we hoped to be able to an-
nounce an increase in our profit scale
for ten consecutive years. We have
Maintained that . record for eight
years, but the ninth and teeth years
have yet to come, and their story has
yet to be told. Our huge undivided
surplus and our great contingency
funds are the best guarantee our
pol#'cybolders can have as to their
future dividends..
Large Dividends the Result of a
Wise Ipvestment Polley.
"You ask how we are able to make
these huge profits: The 538,000,000
earned may be divided as coming ap-
proximately 514,000,000 from the re-
gular life assurance operations of the
Company, 55,000,000 from profits act-
ually realized by the redemption or
sale of securities and 519,000,000 from
increase in market values. And, of
all the profits made in the participat-
ing branch, the policyholders get
ninety-five per cent.
"I would not have you suppose that
we ever speculate. We do not. We,
of course, do not hesitate to 'sell
bonds or other fixed -interest securi-
ties
ecur.ties when they rise to such• premiums
that the "yield is no longer- satisfac-
tory, but when We buy a -stock we buy
for permanent investment, we buy to
keep, and we never sell merely be-
cause the market value may have
risen to a high figure. We have, how-
ever, had an epidemic of security re-
demptions, and as a result we have
the $6,000,000 of realized profit.
High Interest Rate Earned, With
No Arrears.
"Even the normalearnings of a
life company depend very largely on
the rate of interest it can obtain on
its investments. The current rate of
interest has been steadily dropping
for years, and there is every indica-
tion that it will continue to drop—for
how long we cannot tell. The out-
look for investors in bonds and mort-
gages is not encouraging, That tact
causes 1111 n0 anxiety. We have on -
listed many large groups of the
bainiest, most experienced, most ener-
getic and most successful men on, the
contleent to we* for utx to nl'alettelnI
par Meneration by boeerning stook -
holders in the outstanding baelc cor-I
poratiotts of tire countty, 00 that we I
share in all the profits that they malts.
The dividends width we receive on
our stook holdings are already two 1
millions more than were payable on
the saute stoelcs when webought.
them. Our interest account, of course,,
includes also our dividend receipts,
and our record. is•• illeminating, In
1021 avaraarnU.0
was 6.07the perercont;ge inte 193e3 it
ed wasy 0.20s
per cent; In 1924, 0.38 per cent; in
1925, 6,41 per cent; in 1920, 0.69 per
cent; and in 1927, if we were to use
Sunday School
Lesson
te be eonsldered 00 bindle , that ]le
Meet, not tjee. itey _> eke ret lucre pee-.
sessions even to rayls his father or ilei
mother from d stittitIont Jeau9 pre.
peelfeeed this a fine itlulstration of hoe.,
'ming the tradition at the expense of ;
God°a holy will,
• V, e3. Itennce egetia, s etching tip,
sate that the Peariseees actually ebro-
March 13.- eesson Xi I, - Jesus gate the will Of God in order to up.
-reaches Sincerit hold their tradition, So concerned are Ono at the first dolls to be aatrietl
Sincerity—Mark -fdsrk 7: 1-13
Golden
they Omit aerie, Nr supposed oaths, ltatchowan and Algeria will soon iol-
Golden Tela—Keep thy heart'with that they look without compunction en out after a new lrpuso is 'punt or &f-
all,dllagence; for but pf it are the the defrauding of helpless parents in, ter extensive re•adjustnients have
i sues of life.-.iarev, 41 28their o14 'age, 'J10 Meister points telt Olken 'Plane in the 'grounda.about tete.
that such hypocrisy amounts to the home is that of making' a lawn, The
1ltlmtAN TRADITIONAs oproouo 1'p van
MVte repealbng of Getee Word, It is as soil must be' Put In good condition as
1)1p w3LL• though they thought to remove God
'LOW'ER'S
ERS
V E i1 P t19°A_1ES
Na.$
PRESS -CLIPPINGS
Pei one 'fair the .Aged , •
i Saint Jolui ') elegrapli ' Journal
(Ind.): Thus far Britieb Columbia is
the only province which has carried
the plan Pato effect, but Manitoba lar
to begin to peye pensions ,a .,to*
mouths, hence, and it is thought Sato•
andagain from ]us throne, grass requires food fully es much as
INTROINTRODUCTIONA gain .g
v ; flowers and the surface must be
the same basis pf calculation as in,
,Testis.. ]rad to declare that what the
previous years, rho rate would be 0,81' Pharisocs' and other -s 1igious Jews
per cent. We, however, do Bat wish considered to be the undoubted will of
to show such a high rate, and as we Ged was not cud's will at all, but only
always make a charge of 5 per cent
against our interest earnings , -for in-
vestment expenses, you w111 Bete that
we are quoting ouly the net rate, 6.47
per cent, after` deducting, that invest-
ment expense. " The falling , rate of
interest has no terrors for us,
"The quality of our securities niay
be judged by the feet that not one
dividendon"
of interest or
dollarany
mm
bond, Proferred or c oon stock c
listed in our assets as in arrears for
even one day,
Buelnes Doubled in Four Yeats.
The position we have attained justi-
fies a thus!asm but e must alwayss
nt as a. mere vantage
look on the prosev g
ground from which to plan for the
future. What is that future to be?
Veer a year ear w
B have been con-
fidently
fidently predicting the glorious future
yet to come, and that promised future
is now unrolling itself before our
eyes in allits greatness and strength,
But what of to•day's future? I have
just been reading my own remarks of
two years ago, and already the figures
of which we were then so proud look
small and outgrown. We .have clout).
led in size now every five and a half
years since the Company began, but
our last doubling has taken only four
years, ,and we are to -day growing
more rapidly' than ever before in ow
history. I predict that the figures of
two years hence wilt make even the
figures of to -day look small and out-
grown in their turn.
Sun Life Sets Its Own Pace.
"People sometimes say when speak-
ing of our progress:—"Yes, life as-
surance is growing wonderfully.' So
it is; but the Sun Life is not content
to grow only at the rate of life assur-
ance generally. Statistics now avail-
able indicate that in 1927 the' aggre-
gate new business of all the com-
panies operating in the United; States
exceeded the total for 1926 byonly
one per cent and in Canada by seven;
per cent. But the new busiuesa of
a human ordinance or established cue-
tom. The Pharisees in their study of
the Bible ]tied` built up an elaborate
system of rules and regulations which
was ]mown as "the tradition of the
elders." The object of it was to bring
the whole life of man, even in its pet-
'tiest details, tinder the control of re-
ligious principle, But they ntisoon-
strued the meaning of religion Thus
religion,
all
i the matter of purity n 3 Y
p
t stress upon ceremonial wa
shing
s
before and after meals, and "tvhoever
did not conform to these •was eon -
deemed as an irreligious person. Thus,
the Pharisees wished to fepa'rate Is-
rael from all other peoples, to build
a high •It "fence of the Law" round the
whole fJew' life.
:But Jesus saw
that in this zeal for outward or le
vltioal purity they were emphasizing
the wrong thing, They
were
forget-
ting,
t -
ting,
that what God requires I above
everything else in a pure, sincere
heart.
So we 'find Josue condlenming the
so-called tradition, and calling men
back to a parer sense. of God's moral
demands, justice, righteousness, mercy
and truth. In this he resembled,
though he far surpassed, the prophets.
He possessed an inward knowledge of
God's will; and he eslsed men.net to
follow a ;blind tradition, but to study
for themselves what God 'required.
They could; only serve and love God
of their hearts wore right in his sight.
Vs. 1, 2. The Pharisees, joined by
a nunob'er of scribes, complain that'
Jesus permits certain ungodly laxities
among his disciples. 1 -Ie doss not im
shat onthe scrupulous performance of
the due washings or ln'strations be-
fore and after meals. The object of
this charge4s to discredit Jesus' claim
to be a teacher sent from God. If he
were truly a man of God, he would
not be chargeable with such scandal-
ous omissions of religllous require-
ments. -
- Vs. 8, 5. The evangelist Mark, who
is writing for Roman Christians who
do not know the customs of the Jews,
explains here the nature of the Pltai4-
saic requirements. Insisting on "the
tradition handed- down from the eld�
err," the Pharisees said that every
the Sun Life of Canada shows an in- pious' Jett' must pour water on his
crease of twenty-three per cent. We hands and lave them up•to the -wrist
set our own pace. Our prosperity before sitting down to food. He must
also wash and purify everythingthat
comes from ,the market; and cups,
creeks, potsy and other utensils' used
in the house. must all be ceremonially
rinsed from time to time. Consequent-
ly, the Pharisees charge Jesus with re-
jecting the tradition of the elders.
Vs. 6, 8. Jesus' answer; to the Phari_
sees is that tees insistence on the tra-
dition of the elders' supplies a fine il-
lustration of. what Isaiah condemned
when, speaking for God to Israel, he
said: "This people (of Israel), honor
me with their laps, but their heart is
far from me. Yet is their worship -of
me futile, since the doctrines which
they teach are man-made rules:"
Jesus condemns- the bradition as a
titan -made system, not the authentic
expression of God's will, He knew
that many who observed the ceremon-
ial washings were impure - and dis-
honest in heart, and that what' really
made the market unclean was die, -
honest husineeg. So he said that self-
ishness, graft, and lying were worse
Abner Kingman, J. W. McConnell, O. than the neglect of hared -washing, and
that hand -washing, would not, avaiil in
E. Neill, Carl Riordan, John W,' Rosa, God's eight d8:the.heart,were blacleer'
His Honour James C. Tory, Hon. impure. "You set aside Get% oom-
Lorne C. Webster. Three new dtrec- mandment," 3m said; "ln order to keep
tors were added at, the meeting -Ron. your human tradition" '
L. A. Taschereau, Ross H. McMaster Vs. 9-12. Another striking illus -
and 0, B, McNaught. tratien, of the same blind rejection of
God's undonlrted will in favor of mere-
ly human eiistonis fo'liows,.• If there.
was anything that God oorentanded,•it
was that children 'should reverence
bhelrparents, ac required in the fifth
commandment. And 4f this commad
n
meet meant anything' at all, it meant
that the children should be respon-
sible for their parents' .supports, when
age or infirmity came on. But the
Pharisees were accustomed to exem�" '
from this responsibility any man who
said that his property was "Corbett,"
that is, dedicated to the temple for
religious purposes. If a man, , that,ie,
pronounced the word "Corban" over
any of hie poseessionce this oath was
and popularity, and the enthusiastic
support of our six hundred thousand
policyholders, maize our growth both
rapid and certain. The future still.
before us will, I am convinced, be
more wonderful than anything we can
now imagine. Ana It is indeed a hap-
py thought that all that growth' in size
and all that growth in prosperity
mean increased service to humanity,
and service at steadily lowering cost
to our policyholders."
The President closed his remarks
by his reference to the need of safe-
guarding the future of the Company,
as above quoted.
The Board of Headers of the Sun
Life is composed of the following:—
T. B. Macaulay, P.LA., F.A.S., Pressl,
dent and Managing Director; Arthur
B. Wood, FLA.,; P.A.S., Vice -Presi-
dent and Actuary; Robert 'Adair, W.
M. Birks, Hon. Raoul Dandurand, J,
Redpath Dougal, Sir Herb -eft S' Holt,
Why the red stag should cast itts
solid antlers every Spring naturalists
have not discovered. They only know
the purpose of growing them—the
guarding of the family heed of hinds
from stray rivale.
Outcasts in Japan, the "Etas," have
banded together, 200,000 of them, to
compel social recognition that there
should be no pariahs in a nation,
Their badge is a crown of thorns on
a blood -red field.
Made level, Too much emphasis dare
not be latcl on the last point, as en en-,
even lawn le always rtnsig'btly .and
after the ground is planted' levelling
up is no easy task. Make the whole the present Act, •
plot as level es possible by working
thoroughly and taking eels into' the
low. Eastern' Canada. will 9000"have
to decide to embrace the plan or teat
its power to secure such ehanges by
the Dorniniou as would lighten, the
burden upon the older provinces.
Along one line or the other the situaa
tion cane for• action, and the first
practical step seems to be that of
measuring as accurately as possible
the cost to tate Maritimes should they
pratioipate on the torus laid down -by.
depressions, This should be dolts ltA 'b lord of Wal'ning
ust AS soon as possible 90 that spring Ottawa Journal' (Cons.) : Because
d a rost or two may a have had great harvests, because
rains and perhapsf w
hasten settling. After a week work water power development and mining
and rake. level again. This' operation and forest production have made us
should be repeated at least a couple temporarily well -eft, there are too
ccs•
not.ne who .ear to think
itisn �
dwhere rasa mo s v
of times among u appear auY
sary to depend entirely on rain for
a
that such things
must
go on indefinite-
moisture
adefi
ni
to
moiaturo supply it should be kept 1p ly. They are,oEccurso mistaken.
for a mouth or six weeks, Where Canada has rich resources,_ and he.
there •is: no hose, however, the lawn cause of these resources must always'
he mid- #n a
will have to be sown before t remain, relativQly speaking, fair-
rain -
'!n 1
that thespring Position, But it should not
is o s �1 fro s t
die of s s i
AYp Y ng P
' old
After nada #s in and of
fall will glue it a Stark,be Forgotten that. Ca
bricks, stones and atioks leave been the world, and 'that no matter what
removed, "a11 noticeable e'eed growth her resources and heropportunities
a 'as
! 1'^ei '
he' itr' co n h ]est aua a de-
and 'lien t S b she #s i i a 3
destroyed, tt nfay e, ,.
level as possible the seed'm y' be Pnt' pendent "In sage measure upon world
in, Select' a day' when there is no
conditions which rho cannot possibly
wind and do not neglect to seed liber control.
ally. .It is alae important to 'secure ,,.,...„,_
the best seed possible as one does not
Millions for H171i3 g i
I i ration
want to sow: a lot of weeds along with
the grass, 31 you 5iava a roller this Is Winnipeg Tribune (Cons.): •dSir
the best implement to use to precis hou
s the Henry Thornton -says that we slimed
seed in the ground, A pounder is the be spending not four million deters
next best and if neither of these two on immigration, but no less than 20
affairs are obtainable rake it lightly. millions, and it should be spent direct -
Growth will comihence (iuickly as ly toput men on farms): To all prat -
grass prefers coca -weather. To hast• Neal purposes, our 'immigration policy
en things along a light application ofi to -day is to let into the country as
ten. days ie ad- many mon as there are farm jobs for,
useable. It is a good plan to put this and no more. As a little sideline, we
nitrate of soda every
AN EASILY FASHIONED APRON on just before a rain or even during accept: a limited number.of-trained
The smart apron shown here is cut the shower. Cutting should commence femora for prepared farms and ae-
on
in sand has sl d neck with a very sharp mower -a dull ma- sist them . to get started., Compare, n piece a V nape
The back•laps over the front under the chine will Pull out the tender grass- tively speaking, Canada renders little
arms and there are two useful'patch assoon as the shoots are up a couple'. of this assistance. Great Britain puts
of inches and should be continued at up most of the money. In the view of
pockets. Unbleached muslin, Percale
the railway leaders we are off on .the
.chambray, cretonne or percale are', intervals of'a weep a9' long as the suitable mabetlals for fashioning this lawn keeps growing. Hollows that wrong foot. Bringing in farne,work.
a Pear after'sosing can be gradually era for the available joba'should be
rotoand a note of niing,3t may ,be p
introduced in the bindin • a issue $sled' in with''iine soil or sand but not the-eidoline—the more routine oY'itn-
g's more than Half an inch should 90'put migration work. The big effort, with
t4 lac No, 1710 dee sizes 36, 40a and
44 triches bust. Size 40 requires 2da on at one time. There should be no 'several times our present expends•„
yards 82 - or 36 -inch material Price unnecessary tramping over the new Niro backing it up, should be' bringing
20a the pattern. lawn antis it has had a two menthe in farmers and 'assisting them to.get
Our Fashion Book, illustratin the start, started, not in hundreds but in thous-
., g h ands,
newest and':mo t practical style, will Screening Buildings', a
be of interest to the .home dressmaker A little Planning will often result
Price of the book l0c the copy. The Tax Upon Thrift
r in a beautifueback carded -even' HOW TO ORDER PATTERNS. a garage and chicken house are pro- Toronto Globe' (Lib/: -The Budget
Write your name and address plain-_minent, features of a thtrty-foot lot, .changes have done little to lessen the
ly, giving nuber and size of such Annual climTtors such as wild hops, crushing burden' of taxation upon
patterns as youmwant.' Lndose 20c inwild cucumbers, scaelst'runnel' beans.' thrift, •Elderly people who have
stamps or coin (coin -preferred; - wrap sweet peas, morning glories and sev- sought to make provision for the
it carefully) for each number and er" al"ethers may be trained by means 'years when they can no longer work
address your order to Pattern Dept., are sail hard hit by the numerous
Wilson Pattern Service 78 West Ade- P nt j b forms of taxation,' which appear to be
laide St.,Toronto. Patterns sent byi Vir nia cep , fah based -'upon the happy thought of the
Boston vy, gi
return mail. Bial Turkish Grand. Vizier, who,. when the
groaning taxpayers can no longer
stand a levy often dollars per head,
lightened the load by substituting for
it a tax of one dollar per finger.
of clumps. of shrubbery or. tall annual
flowers,For a more ermane job,
creeper, Dutch-
man's pipe and airliner peren s
may be used but these oil.take longer
to get established. Sunflowers make
a, good screen for a chicken house
and in addition provide shade and
food for the poultry,• The scarlet rui-
ner beans in addition to being'beautle
ftil bloomers furnish. fresh :string
beans of emcee:limit Quality . for the
table. The Morning glories may be
mixed with these for. a thicker folf-
age.
This is th`e .month ;Or pruning in
the small garden and larger plane
too. All of tlie dead Danes should be
removed Volatile raspberry patch as
war as the' spindly ones: among the
Atm growth Scene, of the older wood
should be cut away from the goose•
berries and 'currants, Grapes must
lie pruned eerie' to avoid excessive
-bleeding, These vines shauld be ant
back to a mere skef8ttif' as the fruit
1s borne on the wood grown eels year,
Fruit' trees-seouidtbe opened up to lot'
in sunlight and an. .
Bride-tot-be—"What did your friend
say wllen,you showed lrim'my photo-
graph?" Fiance—"Nothing; he Just
pressed my hand in silence."
"It is still possible for a girl to turn
a man's head," declares a writer. les-
pecially if her skirts are short
enough,"
fall "William Tell."
Cleveland. Ex -patrolman Henry
Frisohkorn has something on William
Tell. He must spend four months in
the workhouse for trying to imitate
the famous sharpshooter. Frischkorn
tried the stent with bus police pistol,
firing at the hat of George, Reynerd.
He not only hit the hat, but also the
head' of the man with whom hp had
been discussing the merits of_ his
weapon.
The period between birth and a col-
lege career should be called "From
one crib to another!
"Briton Foresees Generation That
Will Never Get Out of Bed; "—Hent]
line. It will differ radically from the
present younger generation, which
never goes there.
In the good old days; a man could
go out and get rousingly drunk, and
in the morning when he woke up with
a,.aplitting headache, he would put hie
hand to his forehead and say, "Gosh,
I wish I were dead.." Nowadays, a
man goe,'•out and gets rousingly
drunk, and in the morning when "he
wakes up with a splitting, headache,
he is dead!
MUTT AND JEFF—Rud Fisher.
/Pitreletee woueT : KAue
TI %mete" Alneef OUR •
RAM /NG•EGGS FROM.
NOW met rye dot
A steADY
VJIOIrING STORIES
Folc A MAGAeltdf:
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UG STARTC-D`ALReAD`f
RAtse tee SIiAbe AND
fors READ (ou The
9d'GiNNIN6 oP'MY sneer.
Xb6l'1 t Li STEM "To TtltSl
/Gus Goa, oSR Recto,
APegoAckieD he •
8GAu-IPuL •'DAMsdL "
•
SAy. twt1AT'S TTia+ tDEI't
ate HAYING Youle.
tifJpp sTUTTeR i'•
That's Getting Money Under False Pretenses,
BoeAtesdt
I. Gar ,Flub edair5 •
A WORD ANA
TiMC t1lG Mao $AYS
8 " tt MOANS i lFTY ,
ceacs IN t"Y PQc eC1
-
Taxes and Revenues
Manitoba Free Press (Lib.): Mr.
Robb ltaa had the happy experience,
year after year, of seeing the national
revenue rise with` every decrease in
taxation. Perhaps this record' may
do something to induce people to real-
ize that the surest wpy. to raise 'Pub-
lic money and spread prosperity
around is not to run thetax rates up
to high levels.
•
Anglo-American Relations
Ottawa Citizen (Ind, Lib.): When
plans aro being considered for bring-
ing issues to arbitration, the authori-
ties in Washington and, London might
profitably give some thought to the
existing International Joint Commis-
sion' between Canada and the United
States. It might be a feasible plan to.
make use of. the. International Joint
Commission as arbitrators, -
Immigration
Saskatoon Star (Lib;): Immigration
la not 1n any real sense a party issue
in Canada. There is general agree-
ment that the country needs a larger
population and should eoek to tetra.
duce new settlers of the right type
from other counted. particularly
Great. Britain and north-western Eur -
opo. It is in regard to methods of
procedure that differences arise.
Moonsieu rs
Vancouver Province (Ind. Cons.):
Another group of eminent French
soiente .have invented a machine to
ehodt the moon. These dovlees to in-
vade, the moon nearly always origin-
ate in Beattie. 'Shy can't the French
adientists come down to earth and do
gantething piabt#ceel, like discovering
ee quick way to pay off the national
eebt? The other stuff is all moon-
pltlne.
—9 ---
Canada and the Air
Calgary Herald' (Ind Cons.) : Case
Ada 10 a young country. Her people
have the usual characteristic of you
lands,' They are, ambitious, confident,
courageous and enterprising. There
In " ',fleeted. desire' to be nee-elec..
'.0 Oen ne. ataini to lie epee. tee ran
the makingdof moreaviation,
neeof the itnoshould
ee
dg
and the equipment which oelenee hal
produced in this realm. ..,r