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OPINIONS DAI Y TIMES-CAZETTE EDITORIAL PAGE FEATURES THE DAILY TIMES-GAZETTE OSHAWA WHITBY THE OSHAWA TIMES (Established 1871) ; THE WHITBY GAZETTE AND CHRONICLE (Established 1863) An independent newspaper published daily except Sundsy by The Times Publishing Company of Oshawa, Limited, Arthur R. Alloway, President and Managing Director. COMPLETE CANADIAN PRESS LEASED WIRE SERVICE The Times-Gazette 1s a member of the Canadian Dally Newspapers - Association, the Ontario Provincial Dailies Association, and the Audit Bureau of Circulations. Authorized as Second Class Matter, Post Office Department, Ottawa, Canada. SUBSCRIPTION RATES Delivered by carrier in Oshawa, Whitby, Brooklin, Port Perry, Ajax or Pickering, 24c per week, $12.00 per year. By mail, outside carrier delivery areas, anywhere in Canada and Englana $7.00 per year, $3.50 for 6 months, $2.00 for 3 months. U.S. subscriptions $9.00 per year. Net Paid Circulation Average Per Issue 7 , 6 \ 7 FEBRUARY, 1947 MONDAY, MARCH 24, 1946 Time For Action The Times-Gazette takes this opportunity of extending its congratulations to the business and professional men of the community who last week were elected to the Board of Directors of the Oshawa Chamber of Commerce. The honors which have been accorded them carry a high degree of responsibility as the next year will be an important one in the life of the community. Last year the efforts of the Chamber resulted in the bringing to the city of a number of industries. This was a step in the right direction. But the Chamber cannot afford to rest on its laurels. It would be well to remember that while the new industries have given employment, the number employed in them was relatively small and many in our midst are still without steady employment. The Chamber must measure its success in the light of the success other communitids have had in securing industries. The writing of letters and the sending out of pamphlets are well enough in their place but more aggressive tactics must be adopted. The Chamber and the city must be pre- pared to spend money so its representatives can visit and impress prospects with the facilities we have to offer. Oshawa cannot sit back and wait for industries to drop into her lap. It just does not happen that way. It will do no good to moon over the success achieved by such cities as Kitchener, Chatham and Peterboro, or the fact that Lindsay has added a number of good industries. You have to go out and get them. A Decisive Victory The four young curlers, who last week won the Ontario Junior Tankard competition for the Oshawa Curling Club, are worthy of the highest praise. Not only did they win the event but in doing it they defeated the rink from the Lindsay Club by a very decisive score. The victory should be an incentive to the young men of the community to take part in the old Scottish sport. While the club has enjoyed success in senior competitions for many years, its life blood must come from the youth of the community. The older players cannot hope to continue taking part in provincial events as the time eventually comes when they must hang up their brooms and retire to the side- lines. It is only through the acquisition of younger members and the imparting of advice that they will develop to fill 'the shoes of those now prominent in the game. That the trend is toward youth is to be seen from the recent Macdonald Brier competitions in the Maritimes where the honors were carried off by a comparatively young Manitoba rink. The accent is definitely on youth in such competitions for the skip of the Campbell rink from Sas- katchewan was but 20 years of age. If curling is to thrive it will be through the efforts of clubs who seek to interest boys in their teens. More than that, after this group is brought into the club.they must not be left to their own devices but receive the co-operation and support of the older members through coaching and advice. Deliberate Tax Dodgers This is the time of year when Canadians devote much of their spare time to that annual headache--the preparation .of their income tax return. Most 80 about this distasteful job conscientiously, but there are some who do their best to whittle down the amount they have to pay. There are always some who try to get away with paying less than they should while others neglect to file a return hoping their omission will be overlooked among the millions which are turned in. That the Income Tax Department plans to get tough is indicated by an article in last week's Financial Post which reports that five major prosecutions have been launched as part of the Department's policy against those who deliber- ately conspire and falsify income tax records to avoid just income tax payments. Informations have been laid in three cases and sums ranging from $30,000 to $1 million are involved, the Financial Post hears. For a long time the idea has been widely held that you cannot go to jail for income tax evasion. However, indica- tions are that this myth will be exploded if convictions are obtained. Attempts to beat the Income Tax regulations have been more or less of a game with some. Even if they were caught at it they could have a fine or the amount owed plus interest without much attention being drawn to them- selves. If the Department carries out its intention and hauls offenders into court it will serve as a deterrent. In view of this new approach the judgment handed down in a Vancouver war contract fraud case is significant, Judge C. J. Lennox said, in reply to the defense plea that actions of the accused were merely tax evasions and not fraud, "there is no such thing as evasion. One is either within or without the law, Evasion seems to be used as a less sinful way of being outside the law." New Dunlop Rubber Company Appointments Looking Ahead a In Ottawa By The Canadian Press Ottawa, March 24--(CP)--Con- siderable speculation is developing here over the possibility of the Board of Transport Commissioners granting an interim freight-rate in- crease to the Canadian railways pending the final disposition of their application for general 30-per- cent boosts in freight charges. 'While the board has given no in- dication of its views in this direc- tion, some sources connected with the case feel this possibility has arisen because of the snail's-pace progress of the inquiry, which now gives promise of stretching into mid-summer. When it opened, it is known that the railways had expectations of seeing the hearings cleaned up in a fortnight or so. But so far they have stretched into six weeks, and the CP.R--first company to ap- pear--is still a long way from fin- ishing its case. Meanwhile, the railways are W. R. Walton, Jr. G. F. Plummer, C.A. W. H. Bartlett Announcement has been made by James I. Simpson, President and General Manager, Dunlop Tire and Rubber Goods Company, Limited, of the following ive appoint: ts: W.R. Walton, Jr., formerly 'Works Manager, becomes Assistant General Manager; G. F. Plummer, becomes General Sales Manager, * C. A., formerly Accountant, becomes Assistant Secretary-Treasurer; W. H. Bartlett, formerly Assistant Works Manager, becomes Works Manager; L. E. Levey, formerly Sales Manager Tire Division, L. E. Levey pressing the issue of financial urg-~ ency and declaring every additional day is costing them $300,000 in po- coal strike any further until some You Included tential revenue, It appears generally conceded that the roads will get increases eventually, whether on the flat- rate basis they seek and which is opposed by the provinces, or on some system of regional adjust- ments. Strike: The government will not stick its fingers into the Maritime conditions are fulfilled, First of 1, it will not deal with any proposals involving Dominion subsidies. These are definitely off, and that decision is final. Secondly, the government, through the Labor Department, will nego- tiate only with the disputants di- rectly. Meetings such as those of the Cape Breton mayors on Friday are not looked on .as capable of f1iegotiation. e For A Laugh The two wives were talking about |' their husbands. "I think you're lucky," said one. "Your hubby seems to be a real treasure." "Maybe," said the other, "but when there are any jobs to be done hes a hidden treasure." Wife: "A penny farthing for your thoughts, dear." Husband: "What is the farthing for?" Wife: "Purchase tax." Poor Again Freddie: "Poor old Tom fell into a fortune last year." Frankie: "Why poore" Freddie: "He fell into it so hard '| happy with his wife in the coun- | " He Should Be Binks: "I'm the happiest man in the world. I have the best wife in, the country." Banks: "Well, who wouldn't be try? Quieter, Please "And understand Jones, you can't sleep in my class." "Well, sir, I could if you would talk a bit lower." 1 e 15 Years Age Spring was ushered in by a heavy proportions. snowfall of mid-winter Traffic was tied up throughout the whole Oshawa area and residential and outlying districts faced at least several days of snowbound roads. The Kiwanis Club, under the presidency of R. N. Bassett, dis- cussed the problem of carrying on the boys' camp at Kedron.' Mr. Bassett urged a greater effort to maintain this phase of the club's work and A. E, Coulter, chairman of the committee on underprivil- eged children, made a similar: plea. A concert at St. ' Ukrain- ian Greek Catholic Church cele brated the death of Taras Shev- chenko, 18th century Ukrainian poet. Proceedings were directed by Rev. John Kalusky. } Mary Street Home and School Club, with principal J. C. Fetter! presiding, banqueted the school's championship hockey team. Frank Young, captain of the team which captured the Preston Cup, was pre- sented with the trophy. Goalie Gordon Wilson thanked the ladies <0 member of the team. Setting a terrific pace, Oshawa Intermediates defeated Doherty A. C. 4-2 but lost the round. by & count of 7-5. Led by Rowden and McCully, the team outplayed Doe herty but they couldn't overcome & four-goal lead established in the first game. SAVES TWO, DIES Dublin--(CP)--Three boys were drowned in a frozen quarry. Thire teen-year-old Christopher Byrne, one of the victims, saved two other boys before he died. that he went right through it." MARQUIS JAMES tells of «OME OF MET R Book™ policy, Metropolitan recently asked Marquis James, noted historian and a Metropolitan policyholder, to write the Company's Annual Report to Policy- holders for 1946. Mr. James was unusually well equipped to do this because he had just finished, at the request of the Company, a three-year study of Metropolitan's operations from the time it was founded. The results of this study have been published by the Viking Press and The MacMillan Com- y of Canada under the title of "The tropolitan Life, A Study in Business Growth," on sale at any bookstore. In Mr. James' report of the Company's operations for 1946, he tells a story of continued progress in service to policy= Ii LINE with its long-established "Open BUSINESS REPORT FOR 1946 holders in Canada and the United States. He points out-- --that payments to policyholders and their beneficiaries last year exceeded $630,000,000. --that 2,400,000 people bought new Metropolitan policies in 1946. --that the amount of new insurance purchased in 1946 topped anything in Metropolitan's 79 years in business. --that the gain in insurance in force set a new high record. --that the Company had one of the lowest death rates in its history. --that, despite a trend toward in- creased costs caused primarily by a continued decline in interest rates earned, the Company has found it possible to continue dividends on Ordinary and Industrial policies dur- ing the coming year at the same rates as during 1946. Mr. James' report is much more than a compilation of statistics. Among other things, he discusses the social value of Metropolitan's investments. For example, he characterizes Metropolitan's housing programme as a-- --"vivid demonsiralion of how private enterprise works for the public good." Whether or not you are a Metropolitan policyholder, you will find the Annual Report to Policyholders well worth read- ing. To get your free copy, just fill in and mail the coupon below. OBLIGATIONS TO POLICYHOLDERS, BENEFICIARIES, AND OTHERS Policy Reserves Required by Law. This amount; together with future premiums and reserve interest, is required to assure payment of all future policy benefits. Reserved for Future Payment Under Supplementary Contracts . . . . Policy proceeds from death claims, matured en- ents, and other payments which bene- ficiaries and policyholders have left with the . $6,891,359,670.02 332,747,697.65 ASSETS WHICH ASSURE FULFILMENT OF OBLIGATIONS Government Securities U.S. Government . . Canadian Government QtherBonds . . . . . ., . ., . . Provincial and Municipal . $ 89,739,938.35 Rajlroad ..'. = . . . 530,654,827.57 PublicUtility . .. . . 631,841,742.55 Industrial and Miscellaneous . 706,047,225.50 woes eo $4,244,055,186.97 . $4,001,167,645.00 242,887,541.17 1,958,283,733.97 106,662,750.00 SOME FACTS ABOUT METROPOLITAN'S OPERATIONS IN CANADA These highlights of the Company's business in the Dominion during 1946 will be of particular interest to Metropolilan's Canadian policyholders and their beneficiaries. Life Insurance in Force Company Toe orl os De All bot $1,533,700.00 are Preferred or Guaran- | Years. Policyhokders' Dividends Left on Deposit Reserved for Dividends to Policyholders Set aside for payment in 1947 to those policy- hald \ [4 to : t em. First Mortgage Loans on Real Estate . . 886,963,401.82 F. . $ 86,749,350.06 800,214,051.76 53,767,508.30 Pune pn, ther Property. . . 157845377.00 Loanson Policies . . . . . . . . Made to policyholders on the security of their policies. Real Estate (after decrease by adjustment of $25,000,000 in the aggregate) . Housing projects and other real estate acquired for 335,308,794.10 Policy Claims Currently Outstanding . . Claims in of sett] and esti d claims that have occurred but have not yet been reported to the Company. Other Policy Obligations . . . . . . Including premiums received in advance, etc. ToxesAcorwed . . . . . ., . . Including estimated amount of taxes payable in 1949 on the business of 1946. Contingency Reserve for Mortgage Loans Miscellaneous Liabilities . . . , . , 34,012,611.03 208,908,746.54 investment . . . . Properties for Company use Acquired in satisfaction of mortg indebtedness ($29,628,289.62 under contract of sale) . . . 76,172,195.80 Cash and Bank Deposits . © © . | © Premiu Deferred and In Course of lection, Net . . . Accrued Interest, Rents, etc. . . . 30,523,903.19 20,198,797.00 126,654,058.48 21,000,000.00 26,994,539.16 118,268,923.09 60,326,790.03 TOTAL OBLIGATIONS $8,045,432,384.20 «+ oo eo $7,548,450,103.35 TOTAL ASSETS TO MEET OBLIGATIONS . Thus, Assets exceed Obligations by $496,982,280.85 This safety fund is made up of: Special Surplus Funds $83,533,000.00 (including $69,833,000.00 for pos- sible loss or fluctuation in the value of investments) Unassigned Funds (Surplus). ..: ~. $413,449,280.85 A NOTE -- Assets carried at $386,528,629.53 in the above statement are deposited with various public officials under requirements of law or regulatory authority. Canadian busi braced in this stat. is reported on the basis of par of exchange. This fund; representing about 614 percent of the = Obligations, serves as a cushion against possible un- favourable experience and gives extra assurance that all policy benefits will be paid in full as they fall due. Metropolitan Life Insurance Company (A MUTUAL COMPANY) HOME OFFICE: NEW YORK FREDERICK H. ECKER Chairman of the Board ; CANADIAN HEAD OFFICE: OTTAWA GLEN J, SPAHN, Sccond Vice-President in Charge LEROY A. LINCOLN Presid . During the year, 250,000 Canadians bought new policies with Metropolitan, totalling $217,564,850. At the end of 1946, a total of $1,937,785,490 Metro- politan protection was owned in Canada by 2,300,000 policyholders. Of this amoun t, 589, is owned by Ordinary policyholders, 32% by Industrial policy- holders and 109%, by Group policyholders. Total Investments in Canada The Company's total investments in Canada amounted to $448,686,839 at the end of 1946. Of this amount, 549%, is in Dominion of Canada Bonds. Other investments are provi ncial and municipal bonds; securities of railways, industrial plants and public utilities; and mortgages . Metropolitan is also participating in the housing programme of the Life insurance companies in Canada. The total amount the Metropolitan has paid to Canadians since it entered Canada in 1872, plus the amount now invested in Canada; exceeds the total premiums received from Canadians by more than $284,000,000. Health and Welfare Work During 1946, 236,738 nursing visits were made to Industrial and Group-insured Metropolitan policy- "holders in Canada; over 134 million pamphlets on health and safety were distributed by Agents, and the Company took part in 85 Canadian health