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'P- 5 A CANADA PACKERS LIMITED REPORT TO SHAREHOLDERS (Gontinued From Previous Page) HOGS As a Hog producer, Canada's position is fundamentally different from that in respect of Cattle, For Canada can produce Bacon Hogs as cheaply as any other country, and therefore can meet all comers in the world markets. AS in the case of Beef, the chief open market is Great Britain, The end of the war finds Canada the chief producer of Bacon type Hogs. In 1944, Canadian production was probably equal to that of all other countries combined. In the past, Canada's position on the British Bacon market has - been a subsidiary one. The leading position" was held by Den- mark. In the immediate pre-war period Denmark shipped to Great Britain approximately double the quantity shipped by Canada, and received a price approximately 8 shillings per cwt. higher than that paid for Canadian Bacon. \ The responsibility for this situation lay entirely with Canada. Canadian Bacon was inferior in quality to Danish. And Canadian shipments were irregular, Three conditions are necessary if Canada, in the period, is to retain first position on the British market. Mer post-war 1. Shipments must be in substantial quantity, -- at "least 400,000,000 Ibs. yearly, " . . I 2. These shipments must be in even weekly vol- ume, -- i.e. approximately 8,000,000 lbs. per ' week. .. 3. Above all, the Bacon must be at least equal in quality to Bacon from any ether source. In the British Bacon market, the war has presented to Canada an opportunity she never had before. When (in 1940) Danish and other Continental shipments to Great Britain were cut off, an appeal was made to the Canadian Farmer to fill this gap. His response was such that Canadian exports were stepped up from 186,000,000 lbs. in 1939 to, -- ' 1940 - - - . - - 344,000,000 Ibs. 1941 - - - - - . 461,000,000 Ibs, 1942 - - - . - . 525000000 Ibs, 1943 © - - - - - - 560,000,000 Ibs. 1944 - - - - - . 692,000,000 Ibs, To-day, Canada stands first as the source of Bacon for the Bri- tish market. But she can retain that position only upon the three conditions mentioned above. And it is imperative that Canada begin at once to put herself in a position to fulfil those conditions, Fortunately, she may have the benefit of a period of grace. For Danish Bacon will probably not come to Great Britain for a period of many months, as it will be urgently needed on the Continent. It is unfortunate that at this juncture deliveries of Hogs in Can- ada are light. For the first seven months of 1945 (January to July, inclusive), Hogs processed at inspected plants have totalled = eee. = a 3,624,499 "The corresponding number for 1944 was - - 5,648,956 A decrease of - - - - a. 2,024,457 or 35.8 per cent. This decrease has been due chiefly to shortage of manpower on the farms. That shortage is likely to be relieved within the next four or five months. Thé breeding season for Hogs is now at hand. Farmers can feel reasonably sure that by farrowing time of Hogs bred now, the acute labour shortage will be past. Canada cannot export 8 million pounds of Bacon weekly unless breedings are stepped up at once. In Ontario and Quebec the prospect for breedings is encouraging. For in these Provinces a good feed crop seems assured? T However, the key area is the West. If Canada is to produce the essential numbers of Hogs, most of them must come from the Prairie Provinces. Unfortunately, the crop on the Prairies is not ehcouraging. Certain areas will be short of feed. * It is important that those farmers who have feed should under- stand the issues at stake. To hold first place on the British Bacon market is the key objective in Canadian agricultural policy. A consideration of the basic facts makes this clear. LJ . - oe Canada produces, and must continue to* produce, a large total surplus of farm products. That surplus must be sold abroad. It follows, therefore, that the surplus should be converted into those products in which Canada can compete in the open markets of the world, Of these, the two chief products are Wheat and Bacon. In respect of Wheat,, Canada's position Is assured. She produces the highest grade Wheat and her cost of production is competitive. ) However, if Canada's agricultural surplus were produced most- ly in the form of Wheat, world markets could not absorb it. That became clear in 1929. Therefore, another large surplus outlet is necessary. The only other world product which Canada can produce in competition with all comers is Bacon. For the first time in her history, Canada holds first position in the great open market for Bacon -- viz. Great Britain, But Canada cannot retain that position unless she contrives to ship approximately 8 million pounds of Bacon weekly. If she suc- ceeds in holding first place as a Wheat exporter (which she can) and at the same time in retaining her present position in the British Bacon market, Canada will have an assured outlet for: her total farm surplus, J ° [J] a . These are the facts which make it so important to increase Hog breedings during the coming months, -- particularly in Western Canada. % [ oo 4 A furthér fact is of almost equal importance. The maintenance of Bacon shipments at the 8 million pound (Veekiyd level would in itself become an invaluable aid to cattle prices. For such a scale of Bacon exports, by reducing the quantities of "Pork product available in Canada, would thereby increase do- mestic demand for Beef, -- In this report, it has already been pointed out that a high domestic demand is the chief prop to Cattle prices in Canada, ® e eo The Directors feel that reference must be made in this Report to the recent strike of Canada Packers' employees. The Report goes to the printers In advance of the arbitration hearings. Therefore, comment must be confined to non-controversial ase - pects of the incident. The strike began at Toronto on July 17th with a walkout of a group of the Catile Killing Division. On one point there is no dispute. This walkout was in contravention of the agreement between the Company and the Union. Had the grievance pro- cedure been invoked at once, the point at issue would have been settled without difficulty. It happened that the National Officers of the Union were not immediately available, and by reason of the delay, a secondary point of controversy intervened. This secondary issue is to be dealt with by the Arbitration Tribunal, and cannot here be dis- cussed. On this secondary issue all the employees of the Com- pany's Toronto plants walked out. Later, employees at the Peterborough, Winnipeg, Edmonton, and Vancouver plants declared sympathetic strikes. In each case the sympathetic strike was called without any discussion as to the right or wrong of the points at issue at Toronto. The dispute was threatening to spread almost to the whole Packing Industry of Canada when The Honourable Charles Daley, Minister of Labour for Ontario, suggested a plan of arbitration to which both the Union and Company agreed. The Company concedes without reserve the right of employees to be represented by the Unjon of their choice. Also, that an obligation rests upon the Company to take all reasonable steps towards co-operation with the Union. When difficulties arise, which from time to time are inevitable, the Company pledges itself immediately to invoke the various steps of grievance pro- cedure, and to implement promptly the decisions arrived at. Such action will not avoid a sudden flare-up, unless the Union is also able and willing similarly to invoke the grievance pro- cedure step by step, and to enforce upon its members the deci- sions arrived at. -- The fact that an incident, which should have been adjusted In a half-hour, blew up into a strike which threatened to close mest of the packing plants in Canada, suggests that more clear- cut safeguards should exist for quick and suré:adjustment of dis- putes. It is hoped the pending arbitration proceedings will result in the adoption' of such safeguards. The strike cost the Company approximately $300,000.00. Loss of wages to employees was approximately $165,000.00. ° eo oo \ NT ) The Company has continued its policy of distributing to em- ployees of all ranks, a substantial portion of its profits. The Bonus distributed for the year under review was --- - =. - $1,060,000.00 Dividends to Shareholders were - - § 900,000.00 Total Bonuses distributed in the last ten years have been "Cm ye ow ow, om Dividends to Shareholders in the same period £6,168,000.00 $7,400,000,00 ) . J. S. McLean, : ® President, Toronto, August 10th, 1945. . Extra copies of this Report are available, and so long as they last will be mailed to anyone requesting them. Address to Canada Packers . Limited, Toronto, AND SHE INSISTS ON BUTTER! PT | | Soni 3 i bar ln gl hag sgh "This Is Baby, Baby Is a 8lamese cat who lives In Chicago. Baby + likes corn on the cob, preferably Golden. Bantam, with lots of but- ter. She sneers at milk and cream and fish. She loves fried chicken or beef. Mice? Don't be common. . NEW CHIEF OF GENERAL STAFF Lieut-General Charles Foulkes, C.B,, C.B.E,, D.S.0., seated his desk ready to assume the duties of hig.new appointment as Chief of the General Staff, Gen, Foulkes, who commanded the First Can- adian Corps in Italy and Holland, succeeds Lieut-General J, C. ¥e Murchie, tome" Two of the Soviet's key commanders who fought Japs in Manchuria and Korea long after Hirohito announced Japan's surrender, are pictured above. Marshal K. A. Meretskov, left, directed the First Far Eastern Army in Korea. Marshal Rodion Malinovsky, right, led the Ruseian Trans-Bailkal Army in a drive from Mongolia toward the vital Manchurian war centres ot Harbin and Mukden. FRENC 8 U 2 * H LEADER REMEMBERS WAR DEAD General Charles de Gaulle, Chief of the Provisional French Gov- ernment, placed a wreath at the base of the National War Memo- rlal during a State visit to-Ottawa last week. He was a guest of the Governor General during his stay in Canada's Capital, _ "eral Staff, Canadian 'Army, was decorated with two of highest awards, the Legion of Honor and the Croix de Guerre with Palm by General Charles de Gaulle, Chief of the French Government at a ceremony at the French Embassy, Ottawa. General Foulkes commanded the First Canadian Corps In Italy and Holland. DE GAULLE DECORATES CHIEF OF STAFF Lieut.-General Charles Foulkes, CB., CBE., DSO., Chief of the Gen- France's Provisional SPANISH AS gpm PIRANT 2 ET Dr, Jose Giral, above, Is premler of the newly formed Spanish Re- publican Government-in-Exlle at Mexico City. Appointed by pro- vislonal president Diego Martinez replaces Dr. Juan Negrin, Barrlo, he JOYFUL ACCLAIM greets the hostess who serves de- licious, stimulating Max- well House Coffee. Avail- able at your grocer's in an All Purpose Grind that suits any type of coffee maker, Look out for Trouble from Sluggish KIDNEYS Try the Original "Dutch Drops" "1t Is poisonous waste that your kidneys should be filtering out of your blood that may cause backache, dizzy spells, | cramps, restleas, sleep-broken nights; an: smarting and burning. For relief use the remedy that has won the grateful thanks of thousands for many years--GOL MEDAL Haarlem Oil Capsules, a This effective diuretic and kidney stimu- lant ls the original and genuine Dutch Drops in carefully measured amounts in tasteless Capsules. [It ia one.of the most i ' favorably known remedies for relieving gonsened kidneys and irritated bladder. t works swittly, helping the delicate filters of your kidneys to purify the blood, Be sure you get the original and genuine-- packed In Canada. [Inaist on getting Tjarda van Starkenborg Stach ouwer, above, who was governor- general of the Dutch Eeast Indies when they fell to the Japs, was rescucd by American parachutists in the same prison camp raid that freed U.S. Gen. Jonathan M, Wain- wright. They were held in a small camp in Mukden area of Man- churia, PEACEMAKER Bry ps, If satisfactory agreement for fu. ture co-operation Is reached in the conference between Chinese Gen- eralissimo Chiang Kal-shek and Communist Leader Mao Tse-tung, much credit will go to U. 8. Am- bassador Patrick J. Hurley, above, who-has been untiring in efforts to effect a reconciliation. Mr. Hurley has heen acting as go-between In negotiations for a conference and will throw full weight of U. 8. diplomatic persuasion Into the peace talks, SHE STARTED IT inition 4% . "3+ ] Prof. Lize Meitner, _ 66-year old Austrian Jewish scientist, started fellow scientists on rescarch lead- .ing to development of thé atomic bomb. Profesor Meitner was driven from Austria after Hitler's rise to power and now lives in a Stock- . holm flat, THUMBS DOWN +: hay ey Dictatorship of Edelmiro Farrell of Argentina, above, may be totter- - ing following blast by Assistant ,8ecretary of State Neleon A, Rock- efeller against his regime for giv- ing aid and comfort to Axis rem- nants in his country. Virtual assur- ance of the United States approval of a movement to overthrow Far- GOLD MEDAL Haarlem Oll Capsules. rell is taken from Rockefeller's 40¢ at your druggists, [] recent speech in Boston. TEA pte Ts Ne, Ly AGI ST Che a Aw SS Re ty TR Ea rn 7 Phe Sw x Ei en I eid Say Ex = Bi ~ Zn vin oo a mk ng ALL ry von ta apne = I oN » (ree Veen BETDATR A v ha A ey a eT) ie EY eo Ten Re AL WA - Er EA a { --