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f Dec 13 If Round Bf ON THE CHRISTMAS ROAD Discipline For Children Bordered by pines lighted by stars and paved with faith hope and aspirations the road to Christmas stretches ahead trodden by adults and children alike who hear always above the and patter of rein deer hoofs the rustle of angel wings and the silver music of on earth good will to wards men At least that was the road that my mother showed me in childhood and it has been the road my feet have travelled each Christmas since Holyday I first holiday next On Christ- eve first The Night Before Christmas then my mother singing Once in Royal Davids City and While Shepherds Watched with my small voice joining in as I could The mystery and the beauty have never dimmed in the many years since I sat on my mothers and drank it all in w On Tuesday afternoon of last week the Christmas meeting of Trinity United Church W A was held in the newly decorated parlor Three of the walls are peach The vall which houses the window repeated the lovely shade of the blue which makes the window luminous Round tables to seat eight disposed round the room each displaying a tiny gaily decorated Christmas tree or a bunch of poinseUias We were given cards which told us to which table to go mixing up nicely On our presidents Mrs table stood a gaily decor ated yule log in miniature hold ing three tall lighted candles Mrs Seldon turned the meeting over to Mrs J Morris for the devotional exercises and Mrs Morris opened her part of the program with the lovely too sel dom sung Christmas carols They seem to embody the Christ inas spirit in their joyous telling forth of the Christmas story Mrs Elgin Evans then took over the purely devotional part of the meeting reading the story of the wise men from St Mat thews gospel then a prayer and a short devotional theme Christmas Customs I Then reading by Mrs Morris for Campbell who could not be present Mrs Seldon Colville and Mrs Price on Christmas customs and tra ditions and their origins We heard how Santa or snore correctly St Nicholas comes to children in different of the world How in he is supposed to ride over the housetops on horseback leaving gifts in the childrens wooden shoes in the chimney corner In some countries it is an angel who comes in some a monk In Lapland of course St Nicholas as in the western world drives his reindeer Christmas trees came to Eng land from Germany with Queen Victorias consort Prince Albert the holly so cherished at Christmas was to commemorate the crown of thorns and the blood of Christ while carols stemmed from the angel song over the hills of nearly years ago Interspersed were carols and a real Christmas spirit pervaded the meeting The business part of the meeting so ably con ducted by Mrs Seldon empha sized the rather wonderful scope of the work of this organization One item particularly interested Mrs Evans and me as it had to do with generous help for our choir gown fund Busy Beavers We took home a doll to dress for Mr Busy Beavers Mrs Hayes had charge of a large carton of these dolls while some already dressed sat in state on the sidelines Not having dress ed a doll for years let us hope it will be recognized as a dress A cup of tea with its accom paniments loosened tongues and made a charming ending to a real Christmas meeting Santa Clans Parade As Christmas time draws near the child still latent in all of us comes to the surface and if a poll were taken I think there would be as many adults as children who enjoyed the parade in Newmarket on Saturday af ternoon It was no use trying to look blase for the adults watched for the first appear ance of the parade as eagerly as the children It was really quite a spectacle led by our band which when it passed us was playing Jingle Balls with vim and vigor It was fun to see the nursery char acters each float attended by gaily dressed equerries The western riders and the pony de lighted the small fry especial ly the one horse whose mode of navigation was mostly on his hind legs The huge dragon with its horrific mouth and a very tiny St George on top was very realistic The two bands added much and if the spaces between floats had not been so long it would have add ed a bit to the effect However Santa CJaus and his reindeer were there in all their glory and everyone felt they had had a good time The mer chants of Newmarket certainly are to be congratulated on their initiative in the matter Next Week More Christmas Dr Margaret in heir address before the Novem ber meeting of the Newmarket Home and School association defined proper discipline as the planning of circumstances and conditions which will influence the child to learn desirable forms of behavior The ultimate goal is a happy welladjusted adult who will make a real contribution to so ciety she said Dr spoke on Methods of disipline approved and unapproved No child comes into the world with his or her character formed The child has certain hereditary tendencies but the character which evolves is based on the conditions hell experi ence The first contact and most important one in his life is ex erted by his parents It lies with his parents first and most what sort of character will evolve The child is a known imitator Sometimes his imitating is amus- ing Sometimes it is embarrass ing and shocking but always it is enlightening for it reveals us as parents to ourselves There are two types of con trol in discipline direct and in direct In the first we give a command and expect obedience It is used with small children- It is necessary in danger situa tions for when we see a child about to put his hand on a hot stove we command instant when telling him to stop In the indirect type of discipline j we use more suggestions and reasons for the required be havior Routine requirements vary from home to home In one home punctuality and tidiness are of greater importance than in another But each child must be made to realize that he lives in that house where this rou tine is required behavior The promise of rewards or the threat of punishments should not be used to influence this type of behavior Consistency in this type of situation is required We should not weaken to coax ing or argue with a little child It is a bitter experience to learn we have developed a child who whines This comes from argu ing and it is much harder to un learn the habit than to prevent it from beginning Desirable habits should be taught very young It is impossible to ex pect an child to play happily in his play pen if when he was learning to crawl arid walk he had the complete freedom of the house Play is an important part of a childs life He doesnt think as an adult We as adults dont like our hands dirty hut the young child is not concerned about such a matter Often we are hasty or busy and dont realize that the child was try ing We expect too much from him and can inflict genuine hurt through such misunder standing The parents Influence on the child is both wittingly and un wittingly First by what we say and tell them to do but the second through our actions by what we do and say in our own daily lives is the far greater in fluence We cant teach hon esty by merely telling the child to be honest and then not living up to our ideals We cant control the act of learning It goes on all the time but we can control what the child learns In realizing his ability three things must be con sidered motivation capacity and persistence First we must make the chad want to learn It is the childs own effort which is Important It is the parents and teachers job to motivate his ability There is no learning without mistakes or failures We all make failures even in our daily speech we make errors in gram mar and pronunciation It Is not failures for which we should censure the child but rather the tendency to give in Any goal that is worth spending the effort on it is worth the effort spent on it The child must be taught that his own effort is the im portant thing It is not import ant if he comes out on top but rather if he put his maximum effort into it If we could in culcate into our children while they are still young that it is not important to be best in a thing but that they put their best effort into it wed have a better world Among younger children when a task should not be overready to in with assistance If a small child wants to try taking oft hit shoes let him try But we give the task we should make certain that it Is not be his ability We must have patience with the child Be ready to help hint when necessary and provide him with the necessary equip- Then we may expect hint to follow a definite routine Every act has a definite con sequence The results of an act are immediate inevitable In- variable and proportional These consequences always follow in the physical world but not in the social world We always treat our children the same day to day Our moods vary If we could evolve a plan so that the same consequences always followed certain behavior we would have happier homes We cant blame the child for be confused i Marian Martin Patterns every woman loves to sew Two apronbeauties for all duties mart brisk coverall for work- time end a sweetheart for You can also use rem- Hants In bright contrasts for the coverall version so thrifty Pattern comes In sixes smalt medium large coverall takes yds fabric This easytouse pattern give atrial fit Complete Chart shows you every step cmnrm coins stamps cannot be accept foe this pattern Print NAM sSSLj MARIAN of The Era and Express Fatten TWO DRESSES for your dar ling Each has a little mock bo leroso this year for the Very Young For parties shell low frills W for school make dross with Peter Pan collar and puff sleeves Youll want to make both dresses Pattern comes In sires Size flare sleeved version takes 2 l- yards 35inch Tills pattern srives perfect fit Complete Illustrated Sew Chart shows you every step Bend In coins stamps cannot be accepted for this pattern Print rr SJ to MARIAN MARTIN care of the Newmarket graJiprw Pattern or Face Hazard of Further Inflation says Dominion Bank President Annual Meeting of Shareholders THE DOMINION BANK Impossible to atop Inflation by Price Control says Mr Addressing the Annual Meeting of Share holders the President Robert said In The year has been marked by two new develop ments one of them international and external to Canada the other a domestic change of policy The action of the Monetary Fund in Washington on September 28 released all membergovernments from one of the most important and possibly most embarrassing pledges taken at Woods in Some day we may recognize it as one of the points in financial history Importance of Gold Standard The socalled Bullion Report of tardily recog nized two facts which prior to that date were vigorously contradicted and denied by those in authority that the monetary policy pursued in Britain during the Napoleonic Wars had inevitably led to the discounting of Bank of England notes against and that the need for a stable medium of international exchange especially could be met only by setting up a gold standard This was done in Thenceforward the pound sterling was a gold coin freely bought and sold the fixed price of which in Bank of England notes guided the Banks credit policy during the remainder of the century until in August the link of the pound sterling with gold was again broken Of all the great measures of reform which benefitted Western man during the nineteenth century measures which made possible an allround improvement without precedent in the standard of comfort enjoyed by mankind the enactment of a gold standard was one of the most important The decision of the Monetary Fund is a twisted recognition of the same situation in our own time as was recognised in London by the Bullion Report of Gold Now to Find Own Price In effect It means that gold will now be per mitted like everything else which is the result of human effort Co gradually tad its own price in relation to paper money and plainly that a reform of the domestic monetary of Members required to discourage- inflationary dangers which inevitably stem from the Korean War and today imperative need for there are also certain lo inflationary dangers with which we moat cope In my view the longterra hazards are the roost menacing We must that the purciaatnf power of our dollar could be whittled away to near nothingness Indeed the among us earnestly desire just this and therefore we dare not neglect these dangers Not the least of them a prevalent state of mind Host people nowadays believe ia the Welfare State Most demand Full Employment But yon cannot insist that more and more of the national income be given to persons however deserving who neither produce nor save you cannot keep creating new jobs continuously without running head long into the danger which all of us fear more inflation Produce More to Have More feet is that all of government and citizens tax collectors and tax payers moat cot our coats accord to our cloth continuance of win These la one basic truth which It la to forget A nations income for consumption hi neither more nor less then what its can and do produce We cannot It by printing paper dollars If we want mora we must produce Enough of us know this now to make frequent Canadian production records But others do not yet it I am still optimist cannot teach all of us but it does teach most men one convinces himself that Canadians like the rest of mankind must produce In order to consume each I do believe will take up again his own task make his own contribution to the collective livelihood with the determination that is only to be found among men Strong Liquid Position Shown in Statement Presented by General Manager In ting the Annual Financial Statement A- general I have the honour to submit to you the Statement of the Bank for the fiscal year ended October and comment on the mora important items You observe from the copy placed before yon that list Anneal Sheet which this Bank has Earning The Profit and Loss Statement that despite coses of operation profit have bean well and after making full for bed and doubtful amounted to Increase of W24M5 from a year ago mm of was set aside for depreciation of and equip en increase of over hut the sum of was required for Dominion and taxes up leaving net profits of 116906471 thta amount has been allocated to dividends and of 140000 made for an extra distribution of twenty cents per share a total distribution to the of 10 per share for the year The balance of has been added to Profit and Loss Account which now stands at 840447 It worthy of note that the total provision of for taxes the of per or 50c per more than the total paid to shareholders in dividends which in turn is mostly subject to tax in the hands of the recipients Strong Liquid A strong liquid poattioa beee mate rained Total cash assets at miUkme were higher than the year Quick or readily realisable assets embracing cash assets Govern- meat of Canada Provincial Municipal and other high grade securities together with totalled millions equivalent to of ail liabilities to the public This is tower than last year a decr of millions in eur holdings of and ia prtodpalry by the increased demand loans to finance commerce and industry Call and short loans In Canada and elsewhere 15 unchanged from a year ago Loans of this type are to brokers bond dealers and are repayable on call the name Implies These loans are adequately protected by readily marketable Current Loans During the year current loans in Canada increased by total 207 muhoas incr la doe part to kens made to our engaged in defence contracts and to the earns now required to finance general doe to higher Grain loans were higher than ago and In all probability will at a her level until the opening of navigation next Spring You are aware of the unfavourable weather in Western Canada at a time when harvest ing of the crop would normally have taken place Although the number of bushels of grain will compare with previous years the quality will be lower and delivery to the delayed Many farmers win be unable to harvest their Spring and consequently some will need financial assistance until then to say help will be given them but many will not have sufficient funds available to purchase many of the things they content cited buying this FalL This no doubt will have Its effect on trade Deposit Our hearing deposits were 26 less than a year ago in the preceding year inch deposits increased millions and decrease the withdrawal of some of these A very gratifying increase of 111 taken place In Interest we are glad to record that increasing n of ere doing their banking with r- We may be glad that our thought on currency problems is now moving in the right direction even though the market price of gold may remain relatively unchanged for sometime During there has been a fundamental change in our domestic policy It has already caused a good deal of discomfort both to Canadian business and to the maninthestreet I refer to the controls of credit which are now being pursued jointly in Ottawa by the government and our central banking authorities with a view to preventing further inflation By this time last year inflation was assuming proportions much more dangerous than waa generally realized then or is realized even Canadians regard themselves as victims of inflation but fail to recognize inflation as destructive of prosperity and the deadly threat to themselves ana their families which It Is Inflation Destroys Savings Most earned incomes have been forced up since faster than the coat of living has increased The success of large numbers of individuals in quickly raising their own dollar incomes blinds them to the fact that in printing more and more dollars to finance these en Urged income payments in thus cheapening the Canadian dollar relatively to goods or to gold we have been destroying gradually but inevitably the worth of the savings which as individuals they depend for their future solvency Millions of Canadians undoubtedly more prosperous than In are destined to leave their widows and children unnecessarily poor because of this destruction of the pur chasing power of the dollar We are loiind to feel encouraged when none too soon those in authority take steps to control effectively the creation of new purchasing power among us mistakenly still think you can atop Inflation by means of price controls You cannot Credit Curb Only Remedy Painful the process may be there Is bo dependable remedy for the disease of inflation except this one of restricting credit The medicine tastes nasty but for our own takes still more for the of dependents we must leave behind ft must be swallowed All Western countries during the post twelve or fifteen year have been flirting with and have become in the theory that rates of interest can be manipulated successfully kept artificially low conform with certain ultramodern conceptions of economic planning But evidence accumulating that the manipulation of Interest rates must and will if adopted as a longterm policy by deplorable consequences Is it not lime to adopt again the prescription ami undertake our main stand against inflation by means of operations resolute ly pursued on the necessary scale and during the length of time The art not merely the concern of bankers and business borrowers The decisions now being carried out affect or will affect in the near future the security peace of mind and living standard of every Canadian family For apart from those The BANK Condensed Statement as at October ASSETS Cash on Hand and Banks Including Bank of I Government and Other Call Total Quick Commercial Loans sod Bank Premises 17 956 liabilities of adder Letters of Credit Acceptances and Sun L rs5-s- LIABILITIES Deposits oyy Deposits by Other Banks Letters of Credit Acceptances and Sundry Other Labilities Total to the Public 7000000 Reserve Fund t 11 000000 Undivided Profits PROFIT AND LOSS ACCOUNT Profits for the year ended 1st October after making appropria tions to Contingency Reserves out of which full provision for bad sad doubtful debts has been made Provision for depreciation of Bank Premises Provision for Dominion and Taxes Dividends the rate of ten per cent per annum Dividends- j ProWsioo for Distribution per Amount Carried Forward Balance of Profit and Loss Account October Balance of Proas and loss Account October 1931 the whole have to the peat people At no time has far this sterling quality been then today It is realised of course that snaay are India it earn confronted as they are with higher tasee hither costs especially p on e sued others whose incomes are lied There la how ever no better way for to do our part ha beting inflation than to avoid in and to save as much of our m we can It may be of interest to you to know that at Septem ber the number of current and savins accounts in Canadian Chartered Banks and payable In Canadian funds was percent of alt accounts carried balances of less than 1000 The average savinsrs account balance was which compares with at the same date hut year 1 am pleased to report that our shareholders now number en increase of from a year It is gratifying to see this annual enlargement New Branchee We have continued our policy of opening branches In new communities requiring faculties and also at other points where expansion has warranted our establishing offices During the past year to serve the needs of our present and future customers we have opened eleven new branches Bank Premises account has some from a year This reflects the of our of acquiring new properties and and modernising premises to business to made reference year Staff The position which the Bank has attained is due la large measure to the efficiency and hard work of the members of the stall and extend to them your behalf and own warmest thanks for the excellent they have done during the year would 1 single out for commendation those officers who have direct contact with the public for on the courtesty and tact displayed In carrying out their duties much of our success depends As with moat Banks the turnover of our staff is higher than we care to sec We have endeavoured to make banking attractive to our employees and will continue to do so We have increased salaries sub stantially and reduced working hours through the installation of mechanical equipment which taken much of the labour out routine operations The welfare of the staff has our constant consideration Young people faced with a choice of occupation would do well to give thought to the banking profession and to the security- of employment which it offers In February last certain restrictions I ft m r ROBERT RAE President A C ASHFORTH General Maaaeer were deemed and the result has beset reasonably satisfactory It has certain problems Many of civilian goods had geared production to the limit and many retailers fearing and lew creased prices had overstocked their Since the announcement of credit consumers are pursuing a more cautious buying policy which Is having its on trade In in many lines are still too high end it will take some time yet to work them down to reasonable levels In the mean time trade liabil ities of many merchants and manufacturers sue relatively high and any of create a shortage of cash with which to liquidate their payables Defence spending has been slower than was but programme is now rnomenturn and no doubt will assist In taking Up some of the alack in civilian demands It is to be hoped that It will have a beneficial affect in giving employment la areas presently exists 1 J