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* Published every Friday S it Charters Publishing Co. Ltd. d ul cc dfi B . hi B BA _ 3. J K . P us en Nce h-'.lnq' (l?h measurement 14 linep to the inch). gards, T bich, per issue, 3 months‘ contract, 30¢; six ‘ contract, 25¢; 1 year contract, 20¢ (extra inches at same wate). Display matter rates on application. e every precaution will be takem to avoid error, The Fimes & Guide accepts advertising in its columns on the underâ€" sfaiding that it will not be lisble for any error in any advertiseâ€" ment published Rereunder unless a proof of such advertisement is m in writing by the advertiser and returned to The Times office duly signed by the advertiser and with such error ®r eorrections plainly noted in writing thereon and in that case, if mny error so noted is not corrected by The Times, its lisbility shall mot exceed such a proportion of the entire cost of such advertisement ms the space occupied by the noted error bears to the whole space eccupled by such udvertisement. 14 21 1934 OCTOBER 1934 BENNETT SAVING $14,000,000 ANNUALL FOR TAXPAYERS A people of Canada $9,000,000 a year by securing reduced rates of interest on dominion loans. When the conversion loan is completed this week a further saving \of $5,000,000 annually will be effected. To save to the taxpayers of the dominion $14,000,000 a year is no mean accomplishment. It is a sum suffiâ€" cient to "more than offset the interest charges on the debt which has been incurred to meet the extraordinary burden of unemployment relief." The improvement has been effected without any torchlight processions or brass band parades. The Bennett Government thinks only of the welfare of the country. Opponents of the government are using every known device to advance the interests of their different parties. Tfl: government of Ontario, on the advice of Attorneyâ€" General Roebuck, has dismissed Lieutenantâ€"Colonel George A:Drew from the position of Securities Comâ€" missioner. And John M. Godfrey, a resident of Port Credit, has been named as his successor. Mr. Godfrey has been prominent in Liberal eircles for upwards of thirty years. In 1908 he was the Liberal candidate in Peel in the provincial election and was defeated by S. Charters. He took an active interest in the formation of the Union Government in 1917 and was ready to accept a cabinet position in the war parliament. In all the succeeding years he maintained his position in the party and has been frequently spoken of as a prospective Liberal canâ€" didate in the coming federal election. At last he is neceivâ€" ing recognition at the hands of his political friends. Those who know him best and wish him well will regret that his reward comes as a result of the dismissal, without cause, of an honored soldier and an efficient official. ILE Liberal orators taking part in the.soâ€"called little general election castigated the government ~<on the store of having throttled the trade of Caniaâ€" da the official returns continue to show a substantial upâ€" ward movement. And while the same Liberal orators conâ€" demmed the Bvitish Empire pacts which were negotiated ut the Imperial Economic Conference in 1982 the same official returns show conelusively that those pacts have been of very material service in stimalating the interâ€" change of commodities to the advantage of Canada. The Times and Guide E BENNETT GOVERNMENT has saved to the TRADE MOUNTS UNDER BENNETT 15 JOHN M. GODFREY REWARDED FRIDAY, OCTOBER 5, 1984 FOR ALIBIS ONLY continental system the new airway cnmmmmtgmes \wflmu a â€" transâ€"Atlantic h is abrâ€"minded and ambitious |mailâ€"carrying line. The first step will 16 ‘ 23 10 17 24 31 8. WILSON, Manager. ELVA V. PHILLIPS, Editor system of its \be a $%â€"day plane and steamship serâ€" 11 1 18 25 12 19 26 13 20 latest statement shows that in twelve months ending July 31 last the Dominion‘s exports amounted in value to $626,915,163, an increase of no less than $135,000,000, while imports at $489,120,176 were higher by $111,000,â€" 000. These figures show a very healthy growth. Not only is Canada selling much more extensively in British and other external markets, but the buying power of the country has been strengthened as attested in the conâ€" tinued improvement shown in the velume and value of imports. It is a matter of some importance, also, that whereas the Liberal trade policy was designed to stimuâ€" late imports rather than to expantd the sale of Canadian commoditics in other countries, with the result that the balance of trade went against the Dominion, the position ow shown is very much more favorable. At the end of the twelveâ€"month period ending July 31, 1982, there was Holders of these 1919 Victory Bonds, which will maâ€" ture November ist, are now being asked to convert them into bonds of the 1934 Refunding Loan. That the majority of ‘holders of 1919 Victory Bonds will avail themselves of this privilege there can be no doubt. They know what a safe and profitable investment they have had and will surely wish to continue it. The record of Dominion of Canada Bonds during the past few years when investors have suffered loss of capiâ€" tal and distress of mind, demonstrates conclusively that there is no safer investment than Dominion of Canada Bonds. Security of principal is paramount in any inâ€" vestment. â€" Consequently, when the unassailable seâ€" eurity of Dominion of Canada Bonds is coupled with so desirable an income yield as is offered by the new Bonds, the response from those having bonds to conâ€" vert as well as applications from new investors should be both prompt and enthusiastic, IFTEEN years ago Canada was engaged in float F ing one of the most successful of its war ‘vans. Naitonal enthusiasm was at its higuest pitch. Business was booming and money was plentiful, Reâ€" sults exceeded the fondest hopes, nearly 800,000 citiâ€" zens subscribing for the 1919 Victory Loan Bonds. True, the income yield of 5%% was very attractive, but opinâ€" ion then was, that people subscribed more from their wholehearted desire to assist national reconstruction rather than because of the attractive rate of interest. a favorable trade balance of $172,711 illg. twelve months this balance ;701.10'8'?'8;'1‘2":;7’:2:" gain of nearly forty mililons. The situation thl;s r veaied is greatly to the advantage of Canada as a debt * try.â€"Montreal Gazette, ~ entor count "If I live for the next two or three years," declared Hon. Mr. Marshall, "agriculture will be dealt with in a scientific way in every public school in Ontario. Some knowledge of the soil will be given to pupils and they will be made to understand the basic importance of agriculture and what it has to offer those who go to live on the land." All will agree Wwith the Minister that further instruction in farming methods will be well | worth while. It is well to remember, however, that in many of the schools of the province effective teaching has been carried on in recent years. An outstanding example is that of Prince Edward County. In a recent issue of The Loyalist, Inspector Stothers points out that "60 of the 71 rural schools are teaching agriculâ€" ture and that it is also taught in the Picton, Bloomâ€" field and Wellington schools. Instead of 35 teachers teaching this subject as was the case a few years ago, there are now 66 teachers actively engaged in teaching agriculture." With very few exceptions agriculture is taught in all the rural schools of Peel. Teachers who had the benefit of training at the Ontario Agriculture College â€" in addition to their regular courses are on the staff of both the Central and McHugh Schools in Brampton. It is well known that a very large proportion of the children in rural districts never get beyond the public schools. It is, therefore, all important that teachers qualified for the work should be secured for service in these schools. The excellent position agriculturally of the county of Peel is the best evidence that the teaching of this important subâ€" ject has not been neglected. Mr. Roebuck has fired another faithful public servant and has made a place for John M. Godfrey, active in politics in Peel for thirty years. The spoils system is being worked overtime. * Monday next is the day set apart by the Government of Canada as a day of national thanksgiving for the blessing of harvest. No country in the world has greater reason for sincere gratitude than this dominion. Striking high school students are evidence of the truth of the old saying, "Spare the rod, spoil the child". A few applications of the good oldâ€"fashioned cane would be "strikes" in the right place. The Hepburn Government refuses to loan money to farmers under the favourable conditions obtaining in recent years, but the Bennett Government is making possible farm loans at 5 per cent. Something that will be appreciated by many farmers of the dominion. The promptness with which all classes of Canadians are assisting the Conversion Loan proves that there is still plenty of money in Canada for investment purposes, and that the faith in the country and in the government continues. $100,000,000 subscribed in three days must be very gratifying to Finance Minister Rhodes. Remembrance Day, November 11, falls on Sunday. The memorial services will be held on that day it is announced from Ottawa. Usually holidays falling on Sunday have been observed on Monday. The call to remembrance should be heeded as a religious duty not as a time of noise and merrymaking. Sunday, then, is the most apâ€" propriate day. Renfrew is a town of 5,000 population. A byâ€"law to permit the sale of beer and wine was submitted to the electors. It was defeated by a substantial maâ€" jority. This is the first municipality to vote on the question since Mr. Hepburn put the new law into force. Is this an indication of the sentiment in the «mailler towns and villages of the province? Prominent prohibitionists, alarmed at the consequences of the beer and wine bill as administered by the Hepâ€" burn Government, are commencing a campaign in favor of a referendum. Conditions, they allége, were never worse in Ontario and their only hope of improvement lies in a vote of the people of the whole province. Well, most of them wanted Mr. Hepburn as Prime Minister. Now they have him and see their mistake. AGRICULTURE IN SCHOOLS NOTE AND COMMENT THEN AND NOW | Political Notes George S. Henry was chairman of a York County Welfare Association, He was discharged by the Hepburn Government. Good sports these Hepâ€" burnites. Hon. Hugh Guthrie, Minister of Justice, will spend a month in Engâ€" land. He will be accompanied by Mrs. Guthrie, who has not been in the enâ€" joyment of good health for some time. Hon Arthur Meighen will be Canâ€" ada‘s representative at an important conference in Australia. The dominâ€" ion‘s interest will be safe in the hands of such an experienced statesman. T. R. Lisle, a Lakeview Liberal, has bee. appointed.to discharge the duties of the position from which "Billy" Hare was dismissed. Mr. Hare is a Conservative. And we all know the way in which that section of the popuâ€" lation was characterized by Mr. Marâ€" shall on the eve of the election. F. C. Biggs, whose name figured prominently in the years of the Drury administration; is offering himself as a candidate for the Liberal nominaâ€" tion in Wentworth. When Minister of Highways he was defeated by Gordon Wilson by a majority of upwards of 3,000. THE TIMES & GUIDE Political organization is now in proâ€" gress by the three parties, although leaders are all abroad. Premier Benâ€" nett has been in attendance at the League of Nations; Mr. King is on his way to England; Mr. Woodsworth is in Japan. Already a few Liberal candidates have been selected for next year‘s contest. . George Spotten, M.P., Huron, was the special speaker at the annual meeting of the Simcoe Conservative Association fast week. He gave speâ€" cial attention to the abusive language employed by Premier Hepburn and members of his administration. Mr. Principal payable without charge in lawful money of Canada at the Head Office of the , Bank of Canada, 6ttawa, or at any of its branches in Canada. Interest payable halfâ€"yearly, 15th April and 15th October, in lawful money of Canada, without charge, at any branch in Canada of any chartered bank. All cash subscriptions will be subject to allotment. Following the announcement of the plan of allotment, payment in full for the bonds allotted must be made promptly against delivery of interim certificates, which will be effected on or about 15th October. Refunding Subscriptions Holders of Victory Loan 5$% Bonds due ist November, 1934, after detaching and retaining the coupon due Ist NovemBer next, may, for the period during which the subscription lists are open, tender their bonds in lieu of cash on subâ€" scriptions for a like par value of bonds in one or more maturities of the new issue and receive allotment in full with prompt delivery. The surrender value of the Victory 54% Bonds will be as follows: ‘ 100% of their par value on subscriptions for the Twoâ€"year 2% Bonds and the Fiveâ€"year 24% Bonds. 100}% of their par value on subscriptions for the Eightâ€"year 3% Bonds if effected on or before 6th October, and 100% of their par value after that date. 100}1% of their par value on subscriptions for the Fifteenâ€"year 34% Bonds if effected on or before 6th October, and 100% of their par value after that date. Holders will receive in cash the difference between the surrender value of their Victory Bonds and the cost of the bonds of the new issue. The Loan is authorized under Act of the Parlinment of Canmada, and both principal and interest are a charge on the Consolidated Revemae Fund of Canada. The proceeds of this Loan will retire $222,216850 Dominion of Canada 5})% Bonds maturitg Ist November, 1934. The balance will be used for the general purâ€" poses of the Government, including the redemption of shortâ€"term ; & Treasury Bills. Subscriptions will be received and receipts issued by any branch in Canada of any Chartered lmdhlm-dm.hnvb.mk.&hflmflaflolhrm and copies of the official containing complete det#ils of the Loan. A»ficnknvfl’mhn"‘nhr.oflu!htflno printed by the King‘s Printer. N se The subscription lists will open 1st October, 1934, and will close on or before 13th O 1994, with or without notice, at the discretion of the Minister of 'ie.co. Simpson, who defeated Mr. Drury by a large majority in 1980 is the popular member of the constituency. DOMINION OF CANADA Dr. W. D. Cowan, M.P., for Long: Lake, Saskatchewan, died at his home in Regina, on Friday last. He was 69 years of age, and was twice elected to parliament. His death creates a seeâ€" ond vacancy in the House of Commons, HMon. Mr. Black, of Halifax, having passed away two weeks ago. Death has claimed five Conservative memâ€" bers within a year. It is reported that Hon. E. C. Drury, who was premier from 1919 to 1923 is about to receive a public office at the hands of the Hepburn Governâ€" ment. There are a lot of less deservâ€" ing persons being rewarded by the present â€" administration. Mr. bmry lost the confidence of the Ontario farmers who made him prime minister because of apparent desire to serve his Liberal friends. Orrawa, tet Ocroser, 1994 Issue price: 98.90 and accrued interest, yielding 2:57% to maturity. Fiveâ€"year 2%;% Bonds due 15th October, 1939 Issue price : 98.15 and accrued interest, yielding 2:90% to maturity. Eightâ€"year 3% Bonds, due 15th October, 1942 Issue price : 97.00 and accrued interest, yielding 8â€"43% to maturity. Fifteenâ€"year 3%;%, Bonds, due 15th October, 1949 Issue price : 96.50 and accrued interest, yielding 3:81% to maturity. (Continued on page five) Twoâ€"year 2%, Bonds, due 15th October, 1936 Minister of Finance offers for public subscription The amount of this Loan is limited to $250,000,000. Denominations Twoâ€"year Bonds, $1,000 Fiveâ€"year Bonds, $500 and $1,000 Eightâ€"year Bonds, $500 and $1,000 Fifteenâ€"year Bonds, $100, $500 and $1,000 1934 REFUNDING LOAN Cash Subscriptions WESTON COAL and LUMBER CO. Night Telephonesâ€"236 and 625W PHONE 27 # FRIDAY, OCTOBER 5, 1984 #t