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THE OSHAWA DAILY TIMES, THURSDAY, NOVEMBER 14, 1940 Can Finance This War Without Employing 'Funny Money' or Inflation, Declares Banker Head of Bankers' Anos, ation Urges Taxation Up to Limit and Borrowing Above That Toronto, Nov. 14 (CP)--President H. T. Jaffray told the Canadian Bankers Association's annual meet- ing today that there is only one way to finance the war: "By taxation up to a level beyond which it would ruin its own purpose, and over and above that by borrowings . .." Condemning suggestions that Canada should resort to inflation or to one kind or another of "funny money," Mr. Jaffray said he was "firmly convinced that Canada can handle its war effort limited only by the volume that can mechanically be produced, and without upset to our national economy." Experiments with inflation or other kind of "funny money," he warned, "must inevitably carry with them an aftermath of depression." Praising labor's contribution to the war effort, he said: "To resort to any expedient that would bring to the working man at the end of this war another period of depression is beneath the-consideration of a coun- try such as Canada." He discussed the question of taxa- | tion, saying that the increased vol- ume of turnover in nearly all busi- | nesses had resulted in heavier in- | ventories being carried and bought | further in advance. The present rate of taxation leaves to the manufacturer, whole- { saler and others, little margin for | increased profit, and little opportun- ity to set up proper reserves against | these increased inventories," Mr. Jaffray said. "It seems to me that the government in assessing for | taxation should take this factor into | consideration . .."" It would be regrettable if after the | war business men were faced with the necessity of reducing these in- ventories "and, with inadequate re- serves against them, a situation of | deflation with its accompanying | suffering and unemployment were brought about even where there had | been no inflation ..."" "This is perhaps an opportune time to correct any impression that the banks are making largely or | creasing earnings out of the increase | Former Bare C Clerk Finds | | New Job Thrilling But! in business volume resulting from Canada's war effort," Mr. Jaffray said. The increase in federal taxes off- sets the increased business volume, he said, giving as his dpinion that "any small margin of additional earnings . . . will not be any too large to provide reserves for losses which to some extent will be prac- tically unavoidable in the readjust- | ment of industry that must follow | the war." Mr. Jaffray said he was not among those "who regard the large crop harvested in western Canada this year as a detriment, rather than a blessing." It has been accompanied by storage and financing problems, but he NS. convinced "that this na- tional wealth added to the country s a tremendous asset, and that in the long run every bushel of grain hat we grow will be needed, but it is possible that for the next year or two a percentage switching from vheat to feeding grains may be in e best interest of cur farmers." He saidthe did not share the mis- givings of some who noted Canada's favorable trade balance with the | nited States -- imports for last une, July and August having ex- peeded exports by $65,000,000, This figure did not take into considera- ion interest payments abroad, the evenue of tourist traffic, nor gold ipments. Gold production for the three months exceeded $51,000,000, . Jaffray said, adding that the r2s "emphasize once more the ndrmous value of our mineral pro- fiugtion and stress the view that TY encouragement should be ven by our governments to our mines to increase production." Mr. Jaffray paid tribute to the ork of the Bank of Canada and e Foreign Exchange Control Board "in consolidating Canada's onomic strength," and concluded py expressing confidence that the esources of Great Britain, the Unit- Kai-Shek's Successor PAI CHUNG-HSI In the event of the death of hinese Geaeralissimo Chiang Kai- hek, he has named Pai Chung-Hsi succeed him, according to re- orts from the capital city of hungking. Pai is a youthful South | of these Londoners. hina general. ed States and other friendly nations would soon result in the overthrow of the dictators. FINDS EVIDENCE 15 INSUFFIGIENT Dismisses Charge of Breaking and Entering Against Stuart Graham Peterboro, Nov. 14--Not only the pupils, but teachers as well, should be sent home when found to be suf- fering from colds, in the opinion of Dr. L. A. Clarke, Medical Officer of Health for Peterboro. Dr. Clarke expressed this view at a meeting of the local Board of Health on Tuesday, pointing out that many common ailments were the result of colds, and that 92 per cent. of pneumonia cases were trace- able to this cause. Children suffering from colds, he said, were not in a condition for school work, and teachers also showed a loss of efficiency. "If a teacher contracts a cold she may be just as much responsible as | a child for spreading it through the classroom," Dr. Clarke declared. D. G. H. Melton, chairman of the | Board of Education, and representa-~ tive of that body on the Board of Health, expressed approval of Dr. Clarke's suggestion, and intimated that it would receive consideration. As a result of a discussion con- cerning the operation of restaurants, the board decided to recommend to the city council that all future ap- | plicants for permits for the altera- tion or renovation of restaurants and victualling houses be required to submit plans of the food storage and refrigeration equipment in addi- tion to the pe hatiding plans. BOMB DISPOSING'S A REAL PLEASURE Real Fun London, Nov. 14--(CP)--A Lon- | don bank clerk who ave up his job to become a member of a bomb disposal squad oi the Royal Engin- eers finds "much fun and real plea- sure" in his new work of taking the sting from delayed action bombs. "I'm surprised to find how much fun and real pleasure I get work- ing with the parties," he said in a letter to a friend, in which he described the "biggest thrill of my life." "About a fortnight ago," he wrote, "I was standing in a hole in about three feet of mud. Sud- denly J erry tarted dropping bombs around us . d machine-gun- ning us. I amazed myself with the speed with which I covered so long a distance on so short a time. The blast of another bomb simply blew me down the steps of a shel- ter--and all I suffered was some lack of breath. "But the spirit of our people!" the sapper goes on. "The spirit Our section was called to -- the other day. There were houses smashed like matchwood. Yet the people carried on, and were laughing too. "One good soul said she was sor- ry she couldn't make me a cup of tea, but the milk was a little later than usual. And she had nothing, absolutely n>*hing, left of home!" As an epilogue, he added "we are looking forward, you know, to our spring tour of Germany, visit- ing such interesting places as Ber- lin and Hambourg." TRY NEW METHOD OF KEEPING FRUIT Lockport, N.Y., Nov. 14--A Lock- port fruit producer is experimenting with a new modified atmosphere fruit storage system. It is said to be the most revolutionary advance in the preservation of food since the advent of quick freezing a decade ago. The fruit grower, John A. Hall, has 2,00 bushels of McIntosh apples sealed hermetically in a steel-lined room. They will be kept there until next summer--far beyond the ordi- nary storage limit for McIntosh-- | and when they are brought out Hall | hopes them to have all the quality, freshness of newly-picked fruit. The method, a recent British in- novation, hinges on the discovery that carbon dioxide given off by fruit acts as a preservative. The room is air-tight to prevent carbon dioxide gas to escape. The room temperature is kept at 40 degrees instead of the conven- tional 32 and a high degree of humidity is maintained so the fruit will not shrink. Circulating instruments regulate the amount of oxygen, allowing the amount of carbon dioxide to increase gradually. Cornell University has experimented with the new method for a year and is said to have pre- served apples. for months beyond their ordinary limit, Still Smiling Co a Still smiling, these survivors of ruins of their homes with what they managed to salvage. the Nazi's latest raid leave shattered A family pet, RIGHT, finds something soft among the debris on which to nap. 214 REJECTED FOR POOR EYES Hernia Proves Call Second Class Ottawa, Nov. 14.--Hernia, tive eyesight, respiratory and ear troubles were prominent among the defects which resulted in 2,078 men who reported for training at the start of militia training periods on Oct. 9 being sent home, accord- ing to information obtained from the Department of National De- fense, These rejections were military doctors out of a total of 27,599 men in the age group of 22 and 23 who reported for train- ing after having been passed as fit by civilian medical practitioners ol their own choice. Hernia caused ber of rejections, 10 per cent. of the total. {this came eye conditions, accounted for 274 rejections. Respiratory troubles caused 181 men to be sent home, and ear troubles, 160. Heart conditions caused 123 rejections, and urethetis, 113. An even 100 men were rejected because they were below army standards and an equal number for skin diseases. Various deformitie accounted for 90 rejections, and 89 men rejected had mal-formed feet. Other causes of rejection ranged from digestive disturbances through many classifications of .ailments and physical defects. Medical examinations of the sec- ond group of men called for train- ing now are in progress. These are due at the training centres on Nov 22, made by the largest num- 288, or more than Next to which London, Nov. 14--(CP)--Norway's blackout, which starts early in afternoon is the most powerful ally of Norwegians who hate Quisling's Nazi regime, the Daily Express re- ports from Stockholm. The paper's correspondent there said Nazls in uniform do not dare to go out alone after dark and several have been, beaten by Norwegian patriots. Loveaitt Disability for Draftees "| defec- 13 AR WARD WITHOUT ARMS Born That Way London Man Good as Any at War | Job London, Nov. 14 LLinecham. was born but he's the most the Welsh Tavern cautions Post. What: other their hands, 31 | with his feet. (CP)--Horace without arms man at Raid Pre- useful Air wardens do with | vear-old "Joe" does And just as well, | too. He answers the phone, keeps | the log, puts on his tin hat, stops buses when there is danger, tests gas masks, shépherds people to shelter, keeping busy at the 101 jobs that occupy and A.R.P. ward- en's time "I've been a warden for working without pay," "I'm no good to the do anything at A.R.P. that other people can do. I'm registered as a part time worker, but most days | I put in 18 hours. ['live just ar- ound the corner. Joe has no fear of Germans may send has a complaint. "The boys want me to do all the inside work. 1 want to be outside-- line His mates cal useful man on the J a yea Y, said Joe. anything the but he over, ob. the Robt. Watson Co. Ltd, Toronto -- Established 1874 HETHER you work hard or play hard, Canadian apples between-meal hunger. two or three apples every day, can galisfy that in- Is a good habit to eat This ripe, juicy Canadian fruit is always good eating -- good and good for you. They" re grand eating any time of day! Marketing Service DOMINION DEPARTMENT OF AGRICULTURE, OTTAWA APPLES DAILY AND YOU SERVE Honourable James G. Gardiner, Minister | START DEFENGE IN CNR. SUIT FOR DAMAGES Railway Asking for $25,- 000 After Two Employes Injured Near Trenton Belleville, Nov. 14--The $25,000 damage action brought by the Can- adian National Railways against George Montgomery, of Frankford, as the result of an accident at Glen Ross crossing on July 5, 1939, moved a step nearer conclusion Tuesday PAGE FIV | righ, 2 cuunsd for the plaintiffs finished his case. The defense open- ed today. Hon. Mr. Justice Keiller McKay is presiding at the jury sittings of the Supreme Court. The suit resulted from an accident in which Mr. Montgomery's car allegedly struck a C.N.R. gasoline "jigger," causing serious injuries to two employes, James Risk and Fred- erick Todd, riding the jigger. According to Dr. G, H. Stobie, the injuries of Todd, including a frac- tured leg, would become '"progres- sively worse." Risk, Dr. Stobie testi- fied, had received a permanent dis- ability resulting from fractured leg and chest injuries. Dr. R. Anderson, of Belleville, testified that Todd had suffered a loss of flexion in one knee of 45 degree, In addition, his onc leg was an inch shorter than the other. Risk, Dr. Anderson said, showed a distinct limp when wsglking and suffered a 20-degree loss of flexion in the ankle of his fractured leg. As R. E. Laidlaw, counsel for the plaintiffs, concluded his case, two C.N.R. section employes were called 'to testify regarding the condition of the railway right-of-way as regards to weeds on July 5, 1939. Thomas McColl, section foreman, declared positively that the weeds had been cut at the crossing in question be- tween July 2 and July 5, "We started cutting on July 2 at Glen Ross station," McColl said. "We cut a distance of about 250 feet on each side at a time, Moses Batchelor was working with me, We wem about a mile and a half south of the crossing where the accident oc- curred, on July 5." "Have you any records to show the weeds were cut at the crossing 'on July 5 or before that time?" B, M. Balfour, counsel for the defend- ant, asked. "I have not," witness replied. "This is important," Mr. Balfous - said, "because 1 intend to call wite nesses who say that the weeds were not cut until after the accident." Moses Batchelo, section employ@ of the railway, testified he rememe bered cutting the weeds at the crosse ing a day or so before July 5. Weeds were cut on both sides to the fences of the right-of-way for a distance of 100 feet "or a little better," Mrq Batchelor said, Cross-examined closely by Mn, Balfour on the weed cutting at the crossing, Mr. Batchelor emphatically declared he had cut them on both 7 sides of the tracks. "We will enter photographs takem on July 5 which show weeds on: the <7 east side of the railway," Mr. Bale four said. Court was adjourned until this morning as the plaintiffs closed their case. : army but ean | | in the front | | Lineham the most | VOY ALATA Special --INGERSOLL 0: Special--PLAIN The Irradiated Cereal The Sauce With a Kick Quaker Muffets GLENWOOD SAUC MALTED CHEESE RIDEAU CHEESE Phys. 2- 6-ox. Bottle 10¢ PUR A delicious be APPLE JUICE Special--ANen's E Unsweetened 2: 15. verage. The pure unsweetened Juice ot selected tree-ripened Canadian Apples. Special--Shells or Ready MACARONI BRUNSWICK Brand CHICKEN HA AUR LALRLEI ALA AIA ' "" ALATA TAA] PUY ALAA COTTAGE Brand Sliced or BREAD MacLAREN'S IMPERIAL ALAA LE ry ALA {Fresh Select | ( Northern OYSTERS {rin 33 {Tasty Skinless | { SMOKED | { WIENERS Special --RED LABEL BLACK or MIXED RED ROSE TEA ORANGE PEKOE miAcK BROWN or WHITE JELLY POWDERS Special--F (LAMB LEGS Cut Bulk 2-7 DDIES :: 14¢ _36° 2: 15¢ 3m 11¢ 14-01. Tin 1a-1b. he 15-1b. Unsliced 24-01. 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Taras 3 lbs. 10- (In Cellophane Bag) 6-Qt. LK | 5 NNN Large Doz. 19- Size, f New Season's FLORIDA \ JUICE Fach §¢ oz. c Good Siz» 288's TOMATOES RED RIVER CEREAL 1b. Bas 4 4¢ PURITY Nam T-1b. Bag ROSE Brand PURE RASPBERRY or STRAWBERRY JAM 39¢ 32-01. Jar NEW TEXAS SEEDLESS GRAPEFRUIT ONTARIO SELECTED QUALITY PRICES EFFECTIVE UNTIL SATURDAY NIGHT, Nov, 16. We reserve the right to lmit quantities of all merchandise to family weekly requirements, HEAD OFFICE, Vidvidy TORON ONTARIO GROWN SELECTED RUTABAGAS ONTARIO No. | GRADE HOT HOUSE WASHED CARROTS jividvis LOBLAW GROCETERIAS Co. Limited (Yellow Turnips) Cb. Qe 115: per 1b. 2 Be 5 4:.10- ONTARIO SELECTED No. 1 GRADE MUSHROOMS ' Large Size 80's Each Nini