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PÀGE rWILVIE Long-ange olicies Du NtIWonal Need'Tiay (Continued frc'm Page One) that the Incidence of aur depenci- ence Upon the Unitedi States for supplies cf vital forms of raw material takes on a new signifi- cance la view o! Canada's dumin- ishing reserve o! Unitedi States dollars. The officiai holdings of * fLJ str.amlli, eOenOMy fuel, mode with smog sises of Fomous Reading As*hrOMie - Pressed o hOa shapellMe Ml $1700 iper ton sold by Owen Nicholas Readlnig-Aiithracite Ceai Serre'-Solvay Cokee C.N.R. Yards Phon - ~WILL TAKE _____________________________________________________________________________ u S jwzpn LBI A.L Z 5J. iVAZI gold and United States dollarE wenc 1,222 millions in United States dollars at December 31, 1946, accomding te the Annual Report o! the Foreign Exchange Control Board te the Minister of Finance. "During the six months, Jan- uary lst to June 3Oth, 1947, Can- ada's adverse 'balance cf mer- chandise trade wiith the United States was 488 million dollars. Il should be remembemed, howeven, that' this' adverse merchandise balance dees not-take into accouni invisible experts and imports, such as, expenditures by. toumists, dividends and interest, lncome !rom freight and shipping services anat investments ana other inter. national items. It would appear, hewever, that Canada, owing to the adverse merchandise trade balance with the Unitedi States. il using up hem United States dollar reserves at a rapid rate. "The shrinkage in our avaîlable reserve is net perhaps sufficient te justify additional general re- strictions upon Canadian imports from the United States now or in the near'future, but if the drain on our dollar reserves con- tinues, if is obvieus that appro- priate steps will have to be taken in order to maintain our reserves and make if possible for Canad- ians f0 continue te meet their foreign commitmdnts. "The possibility that the United States, because of domestic con- cditions o! supply or for qther reasons, may feel impelled at seme time or other te place ne- strictio s on certain types e! ex- perts fg Canada is anether peint which must be kept under con- sideration. Greater Domestic Suppiy "Because of the conditions I have mentioned, and because o! the disturbed econemic state cf the wonld at large, 1 feel it te be a matter o! high importance te industrial Canada that there should lie developeci, as rapidly and as wîdely as possible, a great-- er supply e! raw materials needed by our manufacturing industries AWAY ALLI MeQ l frppeki r7a M llei ýVISION By C. H. TUCK Opt. Eyesight Specialist Dlsney Bidt. (Opp, P.O..) No', 33 Colour o! walls and baek grounds should net appear bright- er under natunal light than the work la itself because in most cas- es this will prove hard on the eyes and is generally due to ever-ill- umination but the glare e!fect may corne from reflection rather than from direct light. This is one of the main reasens for giving light colouning te ceilings and danker colouns to, the walls andi lower walls s0 shading to be more comforting to the eyes. The netina of the eye will etain for a time an after image and this is neticed when looking at peerly illuminated objects affer looking at something bright, this effect of glane Is injunieus te that womker who looking up fmom brightly il- luminated werk on bright things showing noticable reflections te look away te dimly remote and impnoperly or the opposite ex- treme at the other parts of the oom. There may be even some loss o! timne, while the eyes adi- just themselves back from the one te the other and this will leaci to nerve racking strain andi injumy both to the eyes andi the individ- ual. SORE THfROAT o, from Canadian mines, forests, forges, farms and lactories. This Dominion of- ours has now become oifie. cf thé great .mnanufacturmg countries in the world, and with ali itm advantages ln natural te- sources, it should be dcstined to become one cf the greatest. I amn wonderin.g if the time has net 's arrived when môme considemation d should be given to surveying the needs cf Canadian industry with respect to the supply of its raw ematerials; and te ascertaining fhow,. and -te what extent, such raw mateials can be suppllcd fmom Canadian sources. Such a sumvey might well envision the raw material nceds cf Cafiad'an Iindustry for a peiod of future time, long enough, at least, fer the equisite supply te be die- veroped. At al events, I make t this suggestion, in the hope of 1stimulating discussion, looking 4towards action, concemning this important problem cf raw mater- il availability and flow. Foreign Capaclty "There is net much I can say >at the moment regamding the cap- acity cf foreign markets te pay for the goods they impomt fmom Canada, because I do not want te > ittempt any discussion o! the intricate economics cf world fin- ance. I prefer te leave such mat- ters te our banking and other financial authorities. It is ob- vicus that the system cf credits granted by.the Canadian Govern- ment te Great Britain and other countries has done much te give impetus te our extemnal trade, and te ease and stabilize the credit situation as between fomeiga pur- chaser and Canadian producer. Then, too, there are many count- ries whîch offer a wide future market for Canadian commodit- ies, but which must awaît the re- storation and stabilization cf their own national economies, before they can become full and favoured customers cf ours. For- tunately for Canadian industmy, our government has foreseen andi anticipated many cf the monetaryj and currency problems which aree impeding the development of1 world trade, and, if 1 may sayc so, has taken timely action te prevent any hait in our campaign for foreign markets on the1 grounds cf poor credit risk. Ati the saine time, it is the path of i prudence for industrial organiz-i ations dealing directly with pri-1 vate importers in other landsa te make sure that the conditions upon which shipments are madeE are thoroughly understood andt accepted, and the agmecd termis cf payment are duly carried eut. Costs and Pricese "Whenever I turn te a consid-t eration cf the causes which have I combined te create the çurrent t spiral cf rising costs and higherV prices, I realize, more and more, the complexity cf the preblems cf production and marketing which face the manufacturerg cf Canada in these pest-war cinys. I have ne desire, on this occasion c te catalogue these causes, or ït t] attempt an analysis o! their Si enigin and cerrelation; I want te C YOUR EYES+1 lUSED PRINCES S BETH Cool and Wood STOVE $35.00 RECONDMTONED WASHING MACHINE $35.00 IRON BED COMPLETE WTH SPRINGS SMALL MANTEL RADIOS $12.50 and up USE» QUEBEC STYLE COAL HEATER $11-00 each MURPH Y'S APPLIANCE AND JURNITMRE STORE Phono 811 57 King St. W. PROSE 836 . OWMEANVILLIE 1~ ~J wmlLL! Y AJJA.~L~ L1L~ Lft.I1J~1 TET3ESDAY, SEPT. 4Ui, 1S4,~ reercny o wpof -hem 1- the1 demi;nnocofo labciur for -higher1 wage-levels anýd shorter working1 hégra, and'the effect cf changes in the level of taxation.q "The former factor is, of course, one «with which Industriel 'man- agement lis only too familiar. No one wishes ta deny to labour its right to fair and equiable re-1 ward; the di.fficulty has always been in securing agreementas to the. meaning of the word "equit- able." But for labour to, Insist upon rurrent increases in the Wagé lleel of industry without regard to their economnic effect upon prices and demand, and ihotregard tO the need for1 dnreig prpt r od 0 eutvity constitutes a policy fraugt withi danger o he whole idura structure of Canada. It is based upon the dengemous doctrine that increased wages can always be balanced by increased prices - a doctrine which, if pursued, can contribute to the peril and, in- deed, the actuality of inflation, or which can resuit in decline of de- mand with its consequent con- striction of prQduction and em-t pîcyment. It would seemi to be of litt] e use for industry, as a whole, to plan for maximum production, il such plans are te be disorgan- ized by periodic out-breaks ofE labour un-rest. It seemns to meî that the prosperity and pmogressc of Canada as a productive nation, depend.s upon a new and dloser understanding of the essential re- lationship which must exist be- tween management and labourr and upon the willingness of' labour to accept as sound the econornic fundamentals upon which m'anagemeént constructs the intricate machînery of production. n In other words, labour should be 1i wiuling te co-operate with man- il agement and investor, rather than 0 seek to, become the dominant fac- fi tor in the industrial economy. 0 Management and Labour p "«It may be that, in the past, 1' management, has been at fauit in r regarding the recurment demands0 o! labour as epidemics that in- l temrupt the normal process o! in- 0 dustrial life, and not as significant occurrences in ecéomic and social develQpmfent. On the other 0 hand, labour hias faýiled to recog-C nize, and in certain cases to ad-p mit, the essentiâl mole of capital and consumer in the economic process. tf "In these post-wam days new w forces have arisen which find e( expression in social and economic ir unrest, and -the danger lies in pý allowing them to challenge the 2 proven bases of sound productive bg endeavour. If the challenge of gà these forces is not successfully e( met, they can disrupt our produc- tive economy to a point where it N'ill affect. our standard o! living by creating a condition of infla- th tion and inevitable depresuion. It Pl s within the power cf manage- t ment and labour te play an ail- S< mportant Part in meeting this se challenge. Perhaps, it should be cc the business cf management te ,qi see that the other factors in ini- dustrial- enterprise - investôrAi abour, and consumer - get as st; nuch as Possible cf 'the benefit la from production, without anyý of- he thmee getting ità benefit ait the expense of the others. One of the most vital pre-requisites of such a task lis the'eimination of. any lingering thought that apital and labour are naturai enemies, and its replacement by the newer concept that both are ssential clements capable.cf close 0o-operation in the Productive ef- frt. In that way alone can de- rimental friction be minimized, tr the dangerous germ cf mi;- trust cannot live in the sunlight )f mutual undcmstanding, nor can te microbe cf suspicion exist in .e clear atmosphere of ccnjoined endéavour. Burden of Taxation "I would like to, remind you hait, the problems of management ire closely linked with the levels ,f taxation. Industry caný do much mr itseîf in meeting curment con- itions, but taxation is an element ifcost over which industry can tave no co ntrol, and which, on :casion, constitutes a vemy heavy .imden. Reductions, in the level ýfthe taxation on. industrial en- rprise are on-ly possible if fed- rai, Provincial,. and muinicipal Vic Reid and Hank Irons THE FAMOUS SINGING COWBOYS IN ATTENDANCE - Adulis 501 FIEE CAR PARKING PARACHUTING 1 ln the level of corporation ta»a- tion, except under specai cond&- tions of.national need or urgency, would detrimentally affect the operationa of lndtistry, at a Urne when lnduitry nsode the maxi- mum cf encouragement. Public Confidene "Pemhaps, ln my remarks, 1 have struck a note not entireIy cheerful, yet I have foît It te be my duty to cail your attention ta those pt-war conditions whlch are afectin«, and may continue te affect, our national productive endeavour. Yet I arn pensuaded that ne pessimistic attitude me- garding the future o! Canadian industry should be entcrtained. Canada is a land of vast and van- ied resources; it lu the home of a sturdy, enterprising, and self-me- liant people; andi, with its pro- ductive capacity vastly develop- cd by the exigencies o! war, the Dominion should be more than able te retain and stmengthen its place as anc cf the womld's great- est trading nations. "There is one thing more that I must say. It is ahl very well fer the Canadian, manufactuming in- dutstry te plan for maximum pro- duction in orden te take advant- age o! the opportunities present- ed in this post-war era,* te estab- lish itsel! in widem markets at home and abroaci. But it is bè- coming more and more apparent that, in meeting the problems which confront it unden present conditions, Canadian industry must have thc backing of the confidence and trust of the Can- adian people. Industry Has Story te Tell "It is my opinion fhat industnial management should take the pub- ic more fully into ifs confidence n order to convey te, the people of Canada more extensive in- formation on the vital position occupied by manufacturing in the n.ational economy. Public opinion is a powemful weapon, when it is rightly useci, and if the people if Canada could be told, in simple language, cf the economic neecis if their nation, o! the need for mresemving their standards cf living, cf the fundamental necess- ity for increasing production, and of the way la which industry is planning for the future, they would realize the urgent need for gettinig on with the job" mather than waste time, money and ef- fot in strike-idleness on issues which coulci and should be setti- 1 ed by amica-ble negotiation. Here- i, if would appear, lies an op- ortunity for management toecase 2e way to a better undemstanding etween organized industry, or- ganized labour andi an unorganiz- _d public. C.M.A. Programme "I can appropriately cenclude àese memamks by quoting the 3rnouncement recently issued by he Canadian Manufacturers' As- ociation regamding the objectivess et before industmy by present i )nditions and circumstances. I lucte:- .'The Canadulan Manufacturers' c Issociation, Inc., regards a high t tandard o! living for ali Canad- t ans as the chie! objective o! r Canadian Industry. The Associa- tion belleves thatý a hg standard of living ln Canada depends up- on maintenance of a high level of production., "'A hlgh level of production, however, can be malntained only If Industry supplies consumers with satisfactory goods at prices which wlll encourage a high level of consumption both at home and for export. To do this is the prime function of Industry. I'If this function is to be suc- cesafully performed, there must be a fair return in the form, of gross earnings from which wages and dividends may alike be peid. Il'For the successful perform- ance of this function, there must also be suitable plants, equipment and machinery; sound manage- ment; and a working force willing and able to perform. the m-any and various duties necessary in modern man-ufacturing opera- tions. "'But even with ail these, the successful functioning of Industry can be assured only by full and harmonjous co-operation between employees and employers.' "There, in brief, is expressed the creed of Canadian enterprise." WEDDINGS TAYLOR - HAMBLETON The marriage of Miss Mildred Adele Hambleton, daughter of Mr. and Mrs. Wm. Hambleton, Castieford Rd., Rochester, N.Y., and Irvine R. Taylor, son of Mr. and Mrs. James Taylor of Mon- don, Sask., Canada, took place on Aug. l6th, at Greece Baptist Church, Rochester, N.Y. The double ring ceremony was performed by Rev. Fred E. Dean, pastor of the church, before an altar banked with palms and vases of white gladioli. The bride wore a white dress suit with matching picture hat and a corsage of orchids. Marion Klein, the bride's only attendant, was dressed in ashes of roses suit with matching picture hat and corsage of white roses. Frank Hambleton, brother of the bride, was best man. Following the ceremony a din- rier was held for the bridai party at the Spring House followed by a reception at the home of the bride. Mr. and Mrs. Taylor will ruake their home in Point Edward, Ontario, Canada. Mrs. Taylor is the granddaugh- ter of Mrs. Frank Robbins, form- erly of Enniskillen, Ontario. FOGELSONGER-LUXTON *Yellow gladioli formed the altar setting ini St. Andmew's Evangel- ical and Reformed Church, Buiff- alo, July 26, when Rev. Fred W. Pfitzer officiated at the wedding of Miss Frances I. Luxton, daugh- ter of Mr. and Mrs. Alan E. Lux- ton of Olympic Ave., to Mr. Rey- nold W. Fogelsonger, son of Mr. afid')&(r. William Po o~ge f Long Ave., ail cf Bufalo. The bride, given ln Imarriage by her father, #waik. gowned lu white marqulsette with a. square neckline. - Cascades ef muffles fommcd a chapel-length train. Her fingem-tip veil cf scalioped illu- sien was caught at each side ef her coiffure with orange blos- soins, She carried a colonial bou- quet cf white roses and li11cm cf the valley. Miss Ruth D. Ruden, maid f honor, was gowncd in blue tissue taffeta with a draped sheulder ef- fect, fltted bodice and fuil sklrt. She wome matching mitts -andi headpiece. Talisman roses and blue delphiniums formeci hem col- onial bouquet. The bridesmaicis, the Misses Mary Lou Fogelsenger, sister cf the bridegmoom, and Mar- garet Hilgers, wome pink mamqui- sette in similar style. Pink roses and blue delphiniums fermed their bouquets. Mm. Jack Bren- ner was best man. The ushers weme the Messrs. Arthur Movallil and Edwin Rybarczyk. Corsage bouquets cf gardenias were worn by the mothers of the bride andi bridegroom. Mrs. Lux- ton chose a sheer brown .and white dmess with white accessor- ies and the bridegroom's mether was attired in sheer black, aise with white accessonles. After a reception in the home cf the bride the couple left for a trip through Canada. For travel the bride wore a navy blue faille suit with white accessories and a corsage bouquet of sweetheart roses. The bride has many relatives in Bowmanvîlle as she is n grand- daughtem cf Mr. and Mrs. William Luxton, and hem parents, Mm. Alan E. Luxton andi Ms. Luxton (neé SATURDAT, SEPT, 61h 1:30 p.. OSHAWA AIRPGRT IR SHOW r o R M A T I o N A W ~ A W U A mà~a A W ~ A ~w~w S - ~ A * B A LLOO N BU ST IN G FREE 0F CHARGE Highemt Prices Paid for Old H orges ]PHONE 4026 IPETERBORO- REVMES CHARGES N.i PECONI, Proprietor. FOR FALL AND WINTER SuRE-FIRE SUCCESSES ... Ours newswoirthy FaIt and Winter Suits and Coats. Corne ln and sec the latest styles, made for comfort. Ail deslgned for maximum flattemy at minimum prices! MILLINERY, NEWS Impossible te, reslst . .. our new hamvest of faîl bats. Everything flatterlng ls here ... from exclting draped bonnets te dashlng bereta and swagge'us. You'll like their wee price tag tee! Couch, Joho ston& Cryderman AEROBATIC FLYING OSHAWA Childrea 15c TORONTO "400"' Squadron HIGH LEVEL SPIN A Worse Pain À COLLA a few sis«s too aman wlU give yOU a pain in the nek -but not nearly Su serfoui au the, pain in your pocketbook if your insurance is a couple of figues toc umnail and lire clean. you out. Rave, you enough? Lot us check up, Stuart R. Jamit INSURANCE - REAL ESTATE Successor to LJ. 3.Mason & Boa Phones: Office 681 - House 468 King SI.Lfl.wmaall LET OLD MAN WINTER CATCH YOU WITH YOUR STORMS DOWN Cali Whitby Window Cleaning qOervalce 862 Whltby (Place Your Orders Now) AIR SHOW DANCE .OSHAWA Flyiug Club Recreatiomal Hall Dance fo Boyd Valleau Friday, Seplember 5, 9 fa 12.30 p.m. Bus Service 9 p.m. - 9:30 p.m. - 10 p.m. R. Ca Au pu 1 nommmem-- lu UAL