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Zurich Herald, 1941-01-09, Page 2SIMS `PUT The Smell Man The Royal Commission on Do - Minion - Provincial Relations Hats Presented a Plan for Gres ter Assistance to Municipalities by the Provinces (No, 5) Right home as the Rowell.Sirois Report comes to every Canadian, it 10 of particular importance to crural Ontario. Not only is it ire - portant to rural Ontario because Its implementation will mean n better Canada, more able to look after its full share of carrying on Use war in its most effective and efficient manner, but it will mean, —and this is an outgrowth of the same thing,—a saving in money and effort on the part of the coun- try as a whole. Here, as we have it now, there is tremendous overlapping In the conflict between the provinces and the Dominion as to taxation, social services, and other services. Any- thing that will make this country of cues a better run country is to the good for every one of us. Problems for the Province But there are particular prob- lems which will be dealt with much more effectively affecting the small communities, the municipalities, the locd5 institutions, if the .Re- port is 1a,ccepted by the Dominion and the provinces at their con- ference which. starts January 14th. There are many local needs which now have to be looked after cut of the taxation of the small communities which really are prob- lems far the provinces as a whole. When a great part of the burden, —particularly that of the unem- edoyed employables, and the pro- vincial debts and provincially 'guaranteed debts,—Is taken from the shoulders of the province (as alley will be if the Report Is im- "demented), there will be greater assistance to the local centres and municipalities, by the province. Lower Taxes on Real Estate Take the case of real estate tax- es. The tax on property is high, far too high. Property has borne far more than it should for education. That has fallen on the small pro- perty holder in greater proportion than It has on the big property owner. With the ease and burden of the province made lighter the province will be able to do some- thing towards the assistance of the small property owner, much more than is being done now. The Report finds many cases of glaring inequalities, and also that real estate taxes are far too high. This is because the municipalities are badly in need of money and real • estate taxation is oats way of getting that.money. But implement the Report In its general recon- emendations and there can't help but be an easing of the burden of the real estate owner. The Report dealing with muni- cipal revenue for the country as a whole finds that some 80 per cent ea municipal revenue is obtained Brom real estate taxation. Burden From Small Man The Report goes on to say "We Sind many instances in which this tax (which for the bulk of the papa /anon Is the heaviest paid In the course of the year) is twice as diel in relation to property in - tale ile for residents of some areas es for those in other areas in the game province." Jmplenmtlt the Rowell-Sirois Re- port and the first step towards (lower property taxation is taken. And it is on the small man in the aural comm..nities that that bur- den falls. And remember the heart of the Report is this: place the. burden of taxation on the source best able to pay it. Canada wiil,be a happier piece, a better run country if the Report is implemented. And there Is no one in the whole country who aathould realize that better than the Ontario farmer. Ontario May Curb Yule Tree Harvest Next Year Cutting of Trees For Christmas Purposes May Be Prohibited Premier M. F. Hepburn is critical et the annual waste of Christmas trees and it is quite possible that Queen's Park may take restrictive diction to check the annual cutting et trees, or at least limit it to pre - trent cutting beyond the ability of the market to consume. '"The trees are propagated and distributed at the expense of the taxpayers of Ontario," said Premier lYl. r. Hepburn. "etre have built up Mone of the largest and best sys- tams of tree nurseries in the world. if do not think that we should per - *it the trees which have been sup- plied from our nurseries to be ettt 'hewn for Christmas tree purposes Olt liter they have ettained a height of six or eight feet, and f atm defin- itely against the destruction that has been going on for years." ?lour stocks in Canada in Oc- tober this year totalled 1,1.83,651 barrels compared with 040,50$ barrels in October, 1080. German Troop Movements in Balkans Watcbe1 by Diplomats GERMANY RUSSIA ODESSA BELGRADE • U M A YUCtOSLAVIA 9 41/BE R.1111111 BULGARIA! SOFIA BUCHAREST 101W S TA NSW. 140111 TURKEY lihee�; 0 MILES With the vanguard of a new German expedition estimated at be-. tureen 300,000 and 600,000 troops moving across Hungary to Rumania (black arrows -1), diplomatic sources last week suggested at Budapest 'that pehaps Nazi Germany was planning action against Turkey and Greece (shaded arrow -2) through Bulgaria, or preparing for a sdaowdown with Soviet Russia (shaded area -3), or simply strengthen- ing military forces in Rumania to assure civil order, or sparring for position against Russia. THE W AR W EE K—Commentary on Current_ Events' ROOSEVELT CASTS DIE AGAINST .AIS POWERS In a dramatic broadcast, the first since his re-election, Presi- dent Roosevelt last week stirred the democratic world with the de- elaration -- "based on the Iatest and best information" — that the .Axis powers were "not going to win this war". At the same time, stating that a British defeat meant that the U.S. would live at "point of gun", he called upon his nation to become the "great arsenal of democracy", to do all it could to support the nations defending themselves ..against at- tack by the Axis. The Convoy Question The President's call for "more tains, more guns, more planes,— more of everything" for Great Britain focussed immediate at- tention on proposals to send 50 more destroyers and some army airplanes to the British, But more vital than these was the question of employing vessels of the American navy to convoy ship- ments of material to the Old. Country. The problem was .cer- tain to become urgent very shortly and upon its decision hinged the entry or non -entry of the United States into the war. (Before any further steps could . be taken, however, Congress would have to approve of the President's pro- gram). "Next Ninety Days" The belief held by most obser- vers last week was that Hitler would try for a knock -out blow at England soon, even before spring, timing his "all-out" at- tack to come before the new .American aid could be nladi efe festive, "The next ninety day, will be crucial ones for England;. declared Arthur Purvis, Canadian head of the British Purchasing Mission, in Washington, Christ- mas week. Hitler's Counter-BIockade As well as having to stand for- ever on guard against German invasion attempts, Britain was having to fight harder and hard - LIFE'S LIKE THAT By Fred Neher "How do you iike it parted on the sick?" er klitler'a counter e blockade which he carries out by means of submarines and dive -bombers and reconnaissance planes flying con- tinuously over the shipping lanes. Htiler knew, and the British knew, that North American pro-. duction of planes and munitions upon which Britain was relying, would mean nothing unless deliv- eries, could be made, "the problem for the British," wrote correspondent John A. Ste- venson, "is to keep down the weekly losses of shipping to a level which will not interfere seriously with the flow of vital armaments and war materials from North America and the steady influx of foodstuffs re- quired to maintain the present scale of rationed sustenance for their population . Obviously what is needed, is a larger num- ber of effective escort ships." Battle of Eire The question of whether Eire, the only part of the British Commonwealth of Nations not warring with Germany, could maintain her neutrality was com- ing -further to the forefront last week among the issues which may decide the war's outcome. The Battle of Eire was on. Stra- getically situated, the ports of Eire are a prize coveted by both belligerents. They command the western approaches to the be- seiged isles of .Great Britain; and possession of them would en- able Britain to protect the bulk of her seaborne traffic. On- the contrary, seizure of the ports by the Nazis 'would make it possible for Germany to sever vital ar- teries of British commerce. * ,. Russo -German Tension A. heightening of tension in Russo -German relations high- lighted the week's war news. The Balkan situation appeared to be rapidly coming to a head follow- ing reports of hundreds of thous- ands of Nazi troops moving into Bulgaria; of a German division arriving in Albania; of hundreds of thousands of Soviet troops massed along the Bessbarabian frontisr of Rumania. A dramatic move by Russia to seize the mouths of the Danube or the Dar- danelles was 'believed quite p,s- sible. Turkey, Yugoslavia, and Bulgaria -- chiefly Bulgaria whose King continued to stand firm against the Axis — had bad cases of the jitters. But the main German effort was still thougnt to be concentrating in the west, with an attack on Britain top- most on the agenda. * * * Diplomatic Defeat In the Far East, Japan suffer- ed an important diplomatic de- feat in its attempt to effect more friendly relations with Russia when Moscow refused to make premanent the temporary agree- ment over Jap fishing concessions off the Siberian coast. Further, the Soviet's refusal to accept the new order in China implied not only continuance of military as- sistance to Chiang Kai-Shek and co-operation with the United States in Far East policy, but it meant that Japan would be un- able to relax vigilance on the Manchoukuan frontier or to push southward too aggressively. Changes Coming in Pacific Meanwhile China rushed plans for what appeared to be an early offensive against Japanese forces stationed in the Yangtze Valley, which would make impossible the transference of any large number of Japanese troops for a south- ern drive. The New York Times' correspondent in Manilla last week foresaw definite extension of European warfare to the Pa- cific following' intensification of German activities (surface raid- ers, etc.) against British and other anti -Axis shipping there. He predicted immense changes in the Far East by February at the lat- eat. xv * * The Week at Horne Prince Minister King will open the Dominion -Provincial confer- ence. January 14 nt Ottawa with a general statement of the Do- minion's attitude to the 'recom- mendations of the Rowell-Sirois Commission, dealing in public session with the relation of these recommendations to wartime and post-war conditions in Canada. The provincial premiers will then be called upon to give their views, also in public, following which all etttings of the conference will be held in camera .. , News came last week of the formation of a Canadian Corps In England under the command of Lieutenant - General A. G. L. McNaughten, almost simultane- ously with word that the eighth eoutingent of Canadian troops had arrived 'safely overseas , . . Butter Price Peg Action of the Wartime Priem and Trade Board in firing n maximum price for butte_ during the winter months of low produc- tion met with a groat deal of comment and verbal opposition in the Doininion last week chiefly among the farmers who demanded that a minimum price also be set, for the summer months of heavy production. The Ontario Cabinet, through its farmer members, asked for a "showdown" with Ot- tawa on the butter price -peg i,- . sue and on the fixing of farm prices out of line with the rising costs of consumer goods and of production. The Minister of Ag- riculture, Mr. Dewan, said: "1 consider the Whole .move (butter - price -fixing) stupid and dam- nable. As matters stand, farm- ers are asked to shoulder an un- fair share of the war burden , , I strongly advise farmers not to accept the situation without vig- orous protest." Powder 100 Quarts Blood Every Week One hundred quarts of blood are being turned into powder for treat- ing war eases every week at the University of Toronto. This was announced by Dr. D. Y. Solandt of the physiological hygiene depart- ment in a paper read at the Christ- mas meeting of the laboratory sec- tion of the Canadian. Public Health association. COMES FROM 800 DONORS The blood, which comes from 800 donors supplied by the Canadian Red Cross, is evaporated into powder form in a $5,000 vacuum machine in which the university, the department of national defence and the Red Cross all share, D. Sol'adt explained. "The work now being done," he added, "is in two nature of tenting tee machine, its present capacity of 100 quarts a week can he drtb- icd by adding another caia:net. Dr, t!, H. Best is in ehargo or the work." WILL CONTINUE AFTER WAIL The present output of -.,e. ma- chine, a powder which is uiixc d. with water and then used as a blood,trausi'aislon, is being directly requisitioned by the department or: national defence aiid sent to de- stroyers, flying fields and otb.er points where casualtles ma; be ex- • pected, he said. The production of powdered blood will be continued in vciuma after the war because It allows riven the backwoods hospitalto have • its own supply for transfu- sions always ready for any e.nerg- eney, say authorities. Bee :JIVe Syrup Yorzr most Valuable Energy Food. qe. ROYAL BANK HAS SATISFACTORY ORY YEAR Total Assets $055,000,000 — Current Loans in Canada In- creased $17,000,000 — Profits Moderately Lower After Largely Increased Taxes. The Annual Balance Sheet and Profit and Loss Account 01 The Royal Bank of Canada for the year endiug November 30, 1940, was issued to its shareholders. In line with the experience of Canadian banks, assets show a moderate decrease as compared with the previous year. Canadian Deposits Up Total deposits amount to $852,- 000,000, as compared with $911,- 000,000 in the previous year. The difference is accounted for mainly by a reduction of $20,000,000 of balances due to the Dominion Gov- ernment and a decrease of $48,000,- 000 in deposits outside Canada. Canadian public deposits actually Increased $20,000,000. Currents Loans Increased The greatly increased volume of business now being transacted throughout Canada is reflected in an increase in commercial loans of $17,000,000. Loans outside Canada have been reduced $10,000,000. Strong Liquid Position Cash balances show practically no change as compared with the previous year. Bank balances and investments show moderate reduc- tions but total immediately realiz- able assets amount to $555,000,000 which represents 66.5% of the to- tal liabilities to the public. Profit and Loss Account A feature of the Profit and Loss Account is an increase in taxes as compared with the previous year of approximately $620,000 after providing for which and making appropriations to Contingency Re- serve, out of which provision for all bad and doubtful debts has been made, net profits amouut til $3,526,894, This is a moderate de- crease as compared with the pre- vious year, $2,800,000 was distri- buted in dividends. Contributions to the Pension Fund Society were increased to $325,000, and an amount of $300,000 was written off Bank Premises Account, as .com- pared with $250,000 in the preced- ing year, The balance of Profit and Loss Account carried forward amounted to $3,198,146, an in- crease of $101,894. The Annual General Merting of the shareholders will be held at the Head Office of the bank at. eleven a.in. on January 9, 1941. Profit and Loss Account figures• compare with the previous year as follows: I EAR ENDED NOV NUB E ft. 30th 1950 .1.930 Profits , ... , . "3.526.834 43,724,842 Dividends 2,800,000 2,800.000 726,894 924,842 Pension Fund .. 325,060 800,000 Bank Premises 300,000 250,000 101,894 874,842 Prev, Balance 3,096,252 2,721,410 Carried forward 3,198,146 3,096,252 After providing for Dominion and Provincial Government tax- es and after making appropria- tions to Contingency Reserves out of which Reserves provision for all Bad and Doubtful Debts has been made. Balance Sheet figures for thee year ending November 30th com- pare as follows: LIABILITIF,S 1940 1939 capital Stock 35,000 000 35,00 u000 Reserve Fund 20,000,000 20,000,000 1`. & L. Balance 3,198,140 2,096,252'. Dividends,.. 729,000 716.674 Dom. Gov. Dep. 20,462,767 40,167.411 Prov. Gov. Dep. 15,065,375 8,692,004 Deposits -Can. 609,203,083 589,048,357 Deposits -F or'n 195,403,965 243,398 966 Due to banks 12,263,507 30,262,472 Notes in Circ. 25.108,361 26,098.238 Letters of Cred. 18, 003, 678 17, 642.135 Other Limbs. 1.137,954 705 834 955,570,326 1,014,708 348 ASSEETS. 11140 1939 Notos and dep. 4 S Bank of Can. 82,086,683 77,508 30t OtIi r cash and Bank Bal. 124,504, 705 156,980,347 Duro. & Prov. govt. Secs. 311,833,109 315,435,430 Municipal and Other Secs. 48,801,727 72,282,408 Call Loans ,. 17,638,183 25,151,14e Loans Canada 281,234,467 215,321.154 Loans to Prov. Govt. 999,795 1,573.775 Lou.ns to cities, towns, nun. ri s rhoo1 dis- near 18,374,597 20,392,898• Loans Foreign 70,27 7,306 80,275 905 Raa,k. Prem. & rival Estate 17,273,181 17,652,455 Letters of Cred. 18,003,678 17,042,135 whore Assets 5,452,855 5,547.485 355,570,326 1,014.708,343 REG'LAR FELLERS -- Sweet and Low r er.:-C DIDhi' STUDY MY�`` JO RAPFIY LAS' Nt HT Ah t' WILL 17 CALL ON ME TODAY 0' NOW FOR THE LA$1 TWO E5(iOhtS 0 PINHEAD, 'O YOU KNO'4 THE - CAPITAL. OF ALASKA?, 4100\VVIA ipsTA-r : )0 BOUNDS MONTANA ON 'THE WEST ER -ER- PLEASE MA'AM i X i1UNNO; Ii IDAHO IS CORRECT!" BUT YOU 8 l-IOULD SPEAK LOUDER) PINHEAD, Z COULD HARDLY ,AR GENE BYRNES �f :