The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

iumtaarahmii high taxes are threat to ontario manufacturing growth if manufacturing ii to main tain and expand its role as canada s biggest employer and greatest producer of wealth it mual have i a larger domestic market 2 system of taxation that will encourage rather than discourage capital invent ment and 3 the protection of a realistic tariff policy this was the theme of an ad dress by stuart armour econ omic adviser the steel com pany of canada limited bef ore the industrial development conference our amazing puitt war pro gress has been largely the res ult of the growth in our heavy and secondary industries mr armour said while this grow th has in turn men linked with the development of primary or extractive industry we could never have achieved our pres ent highly enviable position if we had relied onlj uport dive- lopmenls in the forestry or mm ing industries we shall not in future continue to progress lass we do everything in our power to create conditions fav ourable to the continued growth of heavy and secondary indus try within ontario neither governmental policy nor public attitudes are now as favourable as they should be if such growth is to continue neither immigration nor tariff nor taxation policies have been framed to meet the peculiar needs of manufacturing in this harsh vast and thinly populated country a prime requisite for con tinued economic and social pro gress m ontario at the rate of the past decade is a continuance of growth in population at the rate achieved in that period mr armour said if immigration is being held down by the federal govern ment what is ontario doing about it in my book that is the most pregnant question con fronting the people of this pro vince today for if we do not continue to provide here a dom stic market for manufacturing and other secondary industry ail the rosy forecasts as to our progress will oertainly be null ified mr armour declared that in the case of manufacturing jyhich provides by far the larg est part of the employment and income upon which our high standard of living depends the burdens we are still so gaily imposing ma well prove fatal unless we curb the habit of asking government to do for us what we should do for our selves we shall most certainly end np by overloading our economy claude jodoin of the cic has agreed with governmental and other authorities that the level of unemployment in the coming winter is likely to be the highest in our history dominion bureau of statis tics figures have indicated that overall business capital invest i ment on construction and plant i and equipment would be at least 12 8 lower this year than last 4 933 million com pared with 5 658 million in 1057 housing investment is ex pected to rise from 1 415 rail lion in 1957 to 1768 million in 1958 or by 24 9 other so- cial capital expenditures were j expected to rise from 1 644 million to 1 820 million or by bout 11 v in manufacturing tne total to be spent on construction and new machinery end equipment is expected to be 1 096 million this year compared with 1 426 millwn 1957 a drop of more than 23 what incentive is there for continued private capital in vestment whcn the federal government cuts xjown on im migration and government at all levels at the same timeem braces involving confiscatory taxation in addition to the draw backs inseparable from our in adequate domestic market the i costs of canadian manufactur ing are being increased bj the inflationary effects of govern mental efforts to maintain un defined full employment not only does inflation add to the costs of the raw materials and services which manufacturing must bu in order tp carry on production but it encourages labour to seek ever higher wag without reieqajsce to per man productivity as a result of this govern mental effort toward main lain ing full employment the bur den of all taxes of all kinds upon the canadian ecduomv went up from 2 487 million in 1047 to 5 230 million in 1957 or by 110 in our attempts to maintain full emploment we have sad dled all canadians and their enterpnses of everj kind with a tax system that threatens the very continuance of free enter prise in this rountrj we have also in pursuit of a still undefined objective re duced the domestic purchasing t power of our dollar tn the past ten years by 22 cents thei-e- byharshl penalizing those who luva practised tha constructive virtue of thrift how can canadian vancouver resident former georgetowner the last surviving member dt her family mrs mabefc m clancey longtime bc ttildent factoring which is so largely waa interted m owaiavicw centred in ontario continue buria park vancouver to make its wanted contribution monday dec 14th mrs to canadian progress and proa- c dlbd thursday decern perlty in the face of these fig- imh after a length illness i ures she was in her 82nd year 1 have come to suspect that born m geor those in authority have not yet come to a realisation that manufacturing is now by far our most important industry even if we should cioubl our primary preducts exports the daughter of john g harley and eliza johnson tn 1877 mrs clancey moved to vancouver canadian l92q after re m calgary she was lh widow of the late stcphan a clancey prominent in mining automotive and brok we bhould not continue to pro- lews and wus prode gress at the speed to which we c by one s neule have become accustomed unless hn a bmti9y and drohers there was at the mime time corresponding growth tn lartati ian manufacturing without proper li taunt nt by government or in the lace of continued tf forts to encour tredepek a and dtaii s mrs clancv wai a mrhiber of the 10de and the chrytan themurn socitty she is survived by four sona john russell william age unnecessary competition flnd donftl p au 0 vaiicouv from outside our burden man utacturing will not be able er ji tnes unfit of armstrong mm grandchildren and 1 ti l v ifi srndcrildrcn in the development of canada indeed manufacturing may atkm grow through lmmigrh actually decline in importance tl0n wi o tariff structure under such circunmtancei in keeping with the needs of a languishing manufactur- 0ir un t antidun econum ing induslr tventuallj mtans j w a tax sysltm which a hugnating rather than a dyn- wl ma possible that contin 1 mic canada expenditure of capital by under existing circumt ances you cannot create an ade quate domestic market in can ada without continuous popul manufacturing which must take place if job opportunities are to be conlinuoukl crtattd on an adequate scute 33eialsiji3jaj3isf2si2 happy new year bucks fine foods f mill street i s easons greetings harold coleman interior decor jfrom all of uti to all of pou may the gladness and cheer of the happy holiday season bring much happiness to you louise beauty lounge georgetown ontario 33 main street north thi oimmtown himttfi thurtetay ce mill im a lot of the sparkle in rhe brampton 7 up junror bs fhis season cornel from the six local pucksters above adding a georgetown flavour to the brampton club are left to right doug r chardson fred harrison bob bingham br an lewis rodney hyde and ralph falling ham the 7 ups play the r home games saturday night and would welcome some george town supporters to bolster the r dw ndhng crowds the top notch brand of hockey makes it well worth the i 5 minute trip girards confectionery and fine foods the staff of local post office their husbands and wives en- joyed the 2nd annual post office christmas party saturday night at paradise gardens cuelph the party danced to the mus ic of the clansmen and late lunched it the green rooster attending were mr and mrs harold marshall mr and mrs andv crichton mr and mrs cord halhtt mr and mrs geo rge macau e mr and mra del mer french mr and mrs frank nicholson blake infills don na bennett jean hancock roy warne fannie weaver the staff at t3i canadian tire corp i 1 associate store w mothproofing radying alteration iowimtstol gord ken and bob harley motors john street west all buos fully insured while in our possetsioni free pickup delivery oni week service plant 4 office 42 foraythe street okvilu v 44151 tv trouble hcetr 73376 with wigo tv is a specialty not a idlinel installations antenna of all types wigo radio here aftow ntt but jtns thitt om cwbtms spnt nt trek cwfneafe 1 very merit clrlsthis david lorna spicer nsrth haitonggif country club i its later j than you think i time to order cleaner- burning texaco fuel chief heating oil cleanist eurninoi txa fuel chief the cleanest burning oil y can buy bum completely no wasted fuel smokhjsst no disagreeable odour no brooke to smudge walls and curtains no deposits won t leave harmful deposits on burncreaaves repair wtft uniform ouatltyt ordinary fuel oda varv in quality iron batch to batch tenoo fuel chief ts alwaya the same you get dependable uniform aeo dtptnoaftu dfeuvmyi you can count ovmir ontime delivery service we achedule dv eo you never run short cau us tooayand forgft abqwmeattng ftobtfms next winter 4 1 hcatlngou