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THE COLBORNE EXPRESS, THURSDAY, SEPTEMBER 13th, 1945 NINTH VICTORY LOAN OPEN SOCTOBER 22nd Ottawa, August 31st. -- Canada's Ninth Victory Loan will open on October 22nd and will be the biggest ever floated in this country, the Honorable J. L. Hsley announced today. The Loan will cover Canada's borrowing needs for the next twelve months, the Minister of Finance explained, making it unnecessary to have another campaign next spring. "One large Loan now instead of two smaller Loans, one now and another in the Spring of 1946, means a real saving of time, effort and expense,' he said. "It is possible to aim for a full year's needs in one Loan because Canada's borrowing requirements over the next twelve months will not be as large as they have been in recent years. "Victory has been won in Europe and in the Pacific. The end of hostilities means the end of many war costs. But, we now face new tasks. And, these new tasks bring new needs. So, total outlays and borrowing requirements will continue at high levels. "For instance, men in hundreds of thousands must be brought back to their homeland from overseas. This will take time because of shipping shortages and continuing operations in occupied areas. Meanwhile, they must be paid, fed, housed and cared for in a hundred-and-one different ways. This all costs money--large amounts of it. "Then, the wounded and the sick must be restored to health. Veterans will be given a good start in civilian life. Many will be trained for new jobs. War service gratuities and re-establishment credits will be paid These and other rehabilitation outlays involve hundreds of millions of dollars. "People in war-torn countries need food, clothing, medical and other supplies to relieve suffering and distress. The United Nations, including Canada, are making gifts of essential supplies to these peoples. Canada is also lending money to countries in war areas to help them buy supplies in Canada urgently needed to overcome the losses and devastation of war. The money Canada will spend and lend in these ways is an investment in the future peace and prosperity of the world. "Then, there are outlays of various kinds to clean up the war program, and to start us on our way towards normal peacetime living. . "These tasks, and these needs, are reasons why Canada's borrowing requirements for the next year will remain at a high level even though direct war costs have declined with Victory in Europe and in the Pacific. They are reasons why Canadians are being asked to continue their present savings program for another year. "Plans to win the peace--plans for high employment and prosperity in the days to come--are now being laid. Continued saving over the next year will help these plans succeed. "War production has come to an end. Production for civilian use is on the way up. But, the supply of new things to buy at current prices is still very much less than the amount of spendable money in the hands of Canadians. As long as this condition remains, there will be upward pressure on prices--pressure which could lead to inflation, then to mass unemployment, misery and hardship. "Spending increases this pressure. Saving reduces it. So continued saving, by the purchase of 9th Victory Loan Bonds, helps to keep the cost of living under control, and to maintain the buying power of our moriey. By helping to maintain stability, it will help us to win the peace. "The minimum objectives for the new Loan are, the largest in Victory Loan history. They reflect the two Loans in one feature of the 9th Victory Loan, the continued need for saving, and the new level of borrowing requirements. "As individuals, Canadians know the value of Victory Bonds--the value of a reserve of savings to meet future needs and wants. With twelve months to pay for 9th Loan Bonds, many ' Canadians will buy double the amount ! of their purchases in earlier Loans, and most others will buy more than before. "The 9th Victory Loan will be Canada's Greatest Victory Loan." Buy more War Savings Stamps: NORTHUMBERLAND JUNIOR FARMERS The Junior Farmers' picnic held at Presqu'ile on Friday, August 31st, was attended by a representative group of young people in spite of the busy season. An amusing series of sports was conducted for which the prizes awarded were red bandanna handkerchiefs. Among the winners were Reta Davey, Alex Cossar, Margaret Rutherford, Wesley Down, Shirley Harnden, Blanche Lawless, Don Kemp, Billy Rutherford, Douglas Deviney, Muriel Rutherford, Leonard Smith, and Bertha Davey*- The boys of the group suffered a serious defeat in the Softball game from the girls, the line-up of which featured many of the Grafton players. A sumptuous banquet luncheon was enjoyed and the evening closed with dancing at the Presqu'ile Pavilion. The September activity will be attendance at the Belleville Fair to participate in the judging competitions featured on September 18th. All young people able to go are asked to send their entries to Agricultural Representative Ralph Banbury at Brighton. The boys will judge three classes of dairy cattle, one of beef, one of horses, and one of swine. The girls participate in the same project conducted in Northumberland County last year, namely "Being Well Dressed and Well Groomed." A bus load of thirty Junior Farmers are going from the Campbellford area under the supervision of Mrs. Mac Waddell and Mrs Ernest Fairman. The Belleville Agricultural Society entertain the young farm people royally with a banquet in the evening and free tickets to the grandstand. A special "Committee for Education" has been set up under the chairmanship of Vincent Massey, High Commissioner for Canada, to deal with Canadian service personnel desiring to take training courses while awaiting repatriation to Canada. Canada is in the sugar pool with the United Kingdom and the United States. Under the pooling arrangement, Canada gets 4.2% of the total sugar available to the pool. BRIGHTON FAIR Brighton Agricultural Society had the largest attendance at its annual fair possibly in history. Superintendent of Agricultural Societies J. A. Carroll of Toronto, and Miss Margaret Lapp, secretary of the local organization, looked over the records for the past thirty years and Mr. George Jennings, who has been associated with the Brighton Fair for the past fifty years, feels that larger crowds have never passed through the gates. There was a particularly good horse show and entertainment in the trotting, running, and motorcycle races kept those interested full of excitement all afternoon. Vegetable and flower exhibits were representative but not heavy. Agricultural Representative Ralph Banbury, who judged the field crop exhibits, states the showing of fruit was never so small. Samples of the Ajax oats grown in the field crop competition were exhibited by John Whitehouse, Jr., Clayton Taylor, and Ernest Simpson. Saturday is Tag Day for the Blind. 3% PER ANNUM payable half yearly is obtainable on DEBENTURES OF Huron&Erie MORTGAGE CORPORATION Issued for $100 and Over Backed by one of Canada's oldest financial institutions. Chartered in 1864 Let me care for your application! W.W. D. McGlennon General Insurance Phone 20w COLBORNE po a ^lllll^1 ass-- Let's not deceive ourselves by the belief that the danger is over--just because the war is won; And let's remember that inflation is always followed by deflation with its misery of bankrupt businesses, mortgage foreclosures and unemployment. It's your job and your savings that are at stake. WE HAD IT BEFORE -- ^O** ♦*•"■*♦> "I BUBBLE ***V 1920 \ •»»" 4* ^..♦- 1918 1922^ UTS NOT HAVE IT AGAIN The danger of Inflation, with Its black shadow--deflation,--will remain as long as goods are scarce and Insufficient to meet demands. Thqt may be 6 months, 12 months, 18 months. Only time will tell. As quickly as controls are unnecessary, they are dropped. After nearly 6 yeprs of war, industry cannot switch over to normal production of civilian goods by a snap of the fingers. Reconversion takes time. The whole system of raw materials,! abor and production has to be re-geared. ★ * * in «ie meantime, price ceilings, rationing and other controls are the safeguard for every one of us. It's everybody's responsibility to help make them work. SO " Keep on watching your buying. Don't rush to buy scarce goods ---saving your money. Put it into Victory bonds and War Savings' Keep on supporting wage and price controls, and rationing. ----ii fighting inflation and Its black shadow... deflation. »mploymenHot«r. PUBLIC MEETING A Public Meeting will be held in Colborne Towin Hall _-.ft-, , Monday Evening, Sept. 17 1945, at 8.00 o'clock to discuss the advisability of forming a CHAMBER OF COMMERCE and, if thought desirable, to elect officers for the organization. Everyone interested is urgently requested to attend. LEONARD GORDON, Reeve Belleville Exhibition September 17-18-19 $5,000 in Prizes Trotting and Running Races -- LARGE PURSES CONKLIN'S MIDWAY -- Largest in Canada Bill Garden's Stage Show in front of grandstand Afternoon and Evening ONE OF THE LARGEST CLASS "B" FAIRS IN ONTARIO E. Sandercock, President E. S. Denyes, Secretary Pumpkin Wanted Contact our Company Fieldman in your territory or Phone 680w Trenton _-v- Stokely-Van Camp of Canada Ltd. TRENTON, ONTARIO Redfearn keeps Coftl keeps Redfearn ORDER YOUR COKE NOW Stove and Nut Sizes on Hand LADIES' HOSE 65c -- WHITE SOCKEES LADIES' DRESSES -- CHILDREN'S DRESSES , . . --V-- ENGLISH CHINA AND GLASSWARE CUPS and SAUCERS -- PLATES and NOVELTIES --V-- MEN'S WORK GLOVES AND SHIRTS MEN'S. OVERALLS and WORK SHIRTS BOYS' COTTON PULL-OVERS GOOD ASSORTMENT OF PAINTS & VARNISHES Jas. 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