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Titan Ineerhhly changing at mlibl only our rite tron dam to Little flit but our pruhunming starting todlylthe Pltin Marketreport with the lat est produce and livestock prices lierd at 785 inthe rnoh been movedto an earl ier time that IJL finance prograrntook to the air waves yesterday morning from 81510 It was the first or new reriu designed to lmprove your knowledge of the Bible Listen Eounnew alderman VHS Hum bly Coughiin Boson Wire Willinmswere tréated kindly etthevflrst regular meeting at the Council mi Monday night With no deputation and no reports from standing committee the session was brief The more experienced hastenedlo assure the newcomers that thin was ndt always so but Years Bylawa Four bylaws placed beforc Coun cil at this meeting were the tail end of Last years bylaws Ivo were concerned with thcbonstructlon of sidewalk on Queen Street between St Vincent Street and Duclrworth Street and on the south aide oi Strabanc Avenue from Cook Street to Nelson Street One bylawdealt with the clos Qngpf part of Sophia Street and part ofMdDonnld Street adjacent to lot The fourth bylaw authoriz ed the Treasurer to receiveprspnyr ments on account of taxes for 1956 His WorshipMayor Eldon Greer remarked that as bylaw had been set up by the council during the past year Recreation Committee Chairman James Poppleton Besigna Poppleton chairman or tha Barrie Recreation Committee with still year to run oi hisoftice tendered his resignation inn letter to the Council The reason given for his decision Was pressure of work The Council accepted with reger Mr Poppletons resignation More Illumination At the request at Alderman Pod diaon arrangements are being made to install street light on the north side of Castle iDrive junction of Valley Drive This is nnew resid ential development area andit was agreed by all that such light was necessary MARKET raicrs MONDAY JAN 10 noos came anus rouuas quoted by First Ciroperative Packers ad Ontario Barrie Hog market not established Lhrge Medium Small Grade Grade to lbs Special Grade Gigu an Grade we t0 ib5lt special Grade it Grade Glade Under Grade Grade Grade undo Over5 lbs Under lbs Aiden bnd daughteriniaw Mary ml pitanon stub is being improvedth the Iddiiion or new every hour on the hour he 1th worldwide and local nemlsnowhch stiltad can inthe afternoon Cllolodltnily Your heard trorn £051o can pan was moved lollie morning time cit0304149 and the program at semicil$l Music We Remember we heard from 405410 These new 11m will continue until lurther notice ruwn lciilltilili nmrrs Tr Dir Aulil Iihe Barrie Sea Cadet carry oil the honors for being the mat to be granted their request for tag day The Sea Cadets will hold their cam paign on May ill and 19 The muncil has decided that till year there will be not more than one tag iiievery two weeks and reco it to be kept in the Town Clcr oilice of all tag days granted The object of this is to as sistappeols organizer Vto fix their dates Cangntuintory Menage In Parker in anticipation ot victory by the Barrie fighter in hislbattie for the gtBritiah Empire crown Council agreed thatlhe Mayor should im mediately recognize any such Iwin Accordingly when the result of the fight was known His Worship May orEldon Greer sent telegram oi congratulations to James Parker on behalf ofthe Town ENGAGEMENIS Mrs Davidson Liverpool England wishes to announce the ent or her daughter Mar garet Mary to Warren Cripps eon ofVMrs Harvey Cripps and the late Harvey Cripps the marriage to takerplam at St Andrews Pies byterian urch on February 28 at two ocloc rouoa rooms Why not have the government rebate to the cities all profits made fromthe sale of intoxic nta with in their boundariesL on we couiaibave school in every block and hospitals beyond the dreams of the BC Medical Associiition Pririce George BC Citizen ¢I N0 SUBSTITUTE There is no substitute for class romnspace Students must have seating accomodation Teach ers must also workdnvaplant cap able of handling the enrolment they uratoao their heat IMelfort Sash Journnl IN MEMORIAM HAUGHln ioving memory dear mother Sara Ellen Bough awhoypassed away Jan 181951 We do not forget her We loved her too dearly For her memory to fade From our 11V2 like dream Our lips need not speak When our hearts mourn sincerely For grief often dwells Where it seldom issien iLovmgly remembered by son LAUGEINin lovin memory of dear husband ames Henry Lauzhiin who passed away Jan 18 1955 Too dearly loved to be forgotten Sadly missed and ever renem bered by wife CASH rot rook en LL TO liillilililllliiill morons Liiunao ijisapcnn 10T 233 Bradford st mri 19in StirEli cults SililiTfilliii but the mo rurin nu reh tom thounudlpi hlidl Pu gamma diniin dkottngJulea volume LBARRIE FARM SUPPLY Irteue ta urea haturi arena bigger on the tin best Startero Checkerboard Ell Ioinethinr mm snows roe Lmarooir am rooms aroi Buver md lliaa Marian York City on Saturday for week holiday lettllalton Airport on the noon hour flight and will be returning home this Saturday Mammalianlit at Marine tori Hospital Barrie oii Jan rm to MC Ind Mrs Milton Metal1min PMQ 3i RCA Sta tion Edgar twms son and daughter Waynerand Mendy BELLAr the Royal Victoria Hos pitl Barrie on Jan 13 1956 to Mr and Mrs Owen Bell Giiford anon DAVISAt the Roya ital Barrie on to and Mrs RCA StationEdgar neon SWANAt the Royai Vicmru HeriiIiriiarrie on Jun 18 to latent and Swan RC5 ol1C8mp Borden daugh torluiin9eorgina HOENSELAARAt the Romme toriasflospltal Boarle on Jan 13 1960 to an MrsMurtin Hoenselaar RR Barrie daughter BREITBRAt the RD Victoria Hospital Barrie on Jan 1958 to Pt and Mrs Hans Broiler lift2 Angus son Randolph Patrick BENSONAt the Re a1 Victoria Hospital Barrie on an 14 1950 to Sgt and M18 Kenneth Ben son 13X Depot Angus son LAARHOVENAt the Royal Vic toria pitaL on Jan 14 1056 to Mr and Mr Frank Van Laarhoven RR Barrie daughter Cora lenheth CASTERENAt the Royal Vic toria Hospital8arri9 on Jan 16 1550 to Jun and Mr Albertus Caateren 11112 Barrie son John Henricus Joseph SOUTHERNAt the Royal Vie tcriailos ital Barrie on Jan 12 1956 to pi and MrsFlo Sou thern 12 Wellin on St daughter1ria one THERDUXAt the Royal Victoria Hospital Barrie on Jan 151950 to aners Therou Midhurst son 1956 est Shown isrthe new 1956 engine doveloping 120 horsepower as standard equipment and the optional engine withTwm Hquer developing 130 horsepo Waspmodel is the newVshapcd grille highlighted by The Vlinel theme is incorporated throughthe overall deSIgn oi the new car Davis 1950 Gouda newrto New 18 in termed ruir cemetery runmu DONNELLYAt the Roy Vic laril Hos tat Jan iMh Jos 11 HY beloved husband or the late ien u9are and dear father Helen can Refi Mills and Charles Don yn Barrie CavelliMra norick and John DonneUy at Toronto Reating at Lloyd steckle Funeral Home Barrie Ptinera mas at St Marys Chum Bar rie on Mondly Jan at 10 no Interment tery wideningAt the daughter Mrt George cunts Grimaby on Sunday Jan 1956 Walter Lambert beloy Ved husband Ellen Waikcr in his 38th year former 22va enhurst andfather Mrs Ed mood Hunter =iA1berta Mrs George Curtis Thelma Grim blr Mrs William McCann Mar garet rrisi Mrs John Lu roiiche Joan Montical Robert Richmond Hill and Ha ey at London and brother or tanley WtiiiamA and Mrs Prank Gor ing of Barrie Resting atStone house Funeral Home Grtmsby Nr serviccon Wednesday at Jim Interment in Queen Cemetery MeNAEBAt the RD Bl Victoria HospitalBarrie on undny Jan 15 1956 Florence nlma Arnoid beloved wife of Harold McNabb 118 Muicaster St loving mother William Eleanor and Peter dear litter or Mrs Conrad Lloyd RestinI at the Pethick Funeral Home127 Bayileld St Service in the chi i2 pm Jun 17 interment tayner Cemetery warmAt the Royal Victoria Hospital Barrie on Saturday Jim 14 1950 isubelle Booth be loved witc ot the late Wiilinm Ward dear mother of Mary Mrs Greensides and James both at iorontoClara Mia Frank Lennox and Reta Mrs McCann both or Barrie in her 73rdye Resting at the Jermett Funeral Home Barrie Punnrai serwce Monday Jan to at3€tD run Interment Thornton Cemetery Marys Cunt home or his tawny CKVRVI Vx CHANNEL archipinmu aimr luibu Aubrey Gttl mmdleoody Wedem fileIre Barrie on Fri 1100 EEC News coo Camera Hour EN Medic 930 Denny Vaughn Show 1000 Studingo 1100 CBC Nave Molaranon Elect officers The electioTI of branch officer took place at the beginning of this monthmd are as follows presi dent Brow st vibepresident Pettlgrew 2nd vicepresi dent il Bauer sergeant at arms Breau executive 51Butta RCnnnor It Fairer Savard CY Bushey heliu Au President vicepresident Mrs Eben 25d vicepresident Knith recording secretary Mr nay corruponding secretary NuFinch treasurer Mrs Cook sergeant at arms MrsuS Brow uetingscrgeant atrarms Mrs Gill ham executive Mrs West Mrs McCullough Mrs Schneider ills Jackson To Visit Ann Feb The provincial first fleepresi dent Comrade Fred OBrecht or The Ladlgs Auxiliary ure hold ing ruchrc games on Jan 17 at Durham will be visiting the branch on Id gt Holding Euchres and 31 to raise funds forbenevoi ent work Good prizcsar being altered Everyone mcnand wo men orbinvited to come 11nd take part Roclr in Gaspe measures 153 cot indenzfll with maxi mum 1191211 290 As war Prominent feature of the new amodeminner mesh pattern Hudson wasp featuring distinctive illinevstyling and en greater horsepower The Wasp is available With the IiiTorque sixcylinder and HiTorciue tog10 eacli with and food saving qualities éiiii lilllvllliliPooilyiloflillillfliilvlliililiii HOME nu ER enableyou toildoso because of their quality features without the fancy price buy Joop Deep Freeze now and watch your food hills diminish llEliES ll tillOPSPECIlil their been Handy baskets make storage attra quently used food itemseasy to get at counterbalance lid Many othcr features zMANUFACTURERS LIST Jo6r in ilill WEEK $43995 sracmhkshhwn at he mm um Air 545 590 1m Tabloid dillVieobeek Show 1301 Lovedaicx 900 Canada Hit Parade 930 acids the Show 1000 Bil Town 1030 Prefix Conference 1inch than THUNDAY JANUAlY 430 Story 2300 445 mule Huggins 530 Howdy Doody M0 Wertern Theatre no New 640 Weather 195 Swm 700 Tabloid 130 he Lane Ranger 800 All Star mum 830 fireside more no Krltt Theatre 1000 Lila Worth 1030 Wrestling 1100 CBC New Living The Royal Batik James in extra ariiii gunpowder rt curators En owi rurun erra no nun ireaim no or mu 745 um Ami loo meant llilhltlhuilnno felotnnl Iia Canon in miniature no men Or annu moo Netcut 88 in 111 Th mbhhtv ouch 12 III 00 More and Inner no lien on runner IL 01 fling0 Nan rmdlt 92v Billitllh For The icerent inniui our shu Nutcut warns against pace of consumer buying ahcl lightness of markers in commodities and labor carrier con iofford group to parochioiismrDivirsc chinotes cultures ond eeonom interests present opportunities is well otf problems in achieving nationaliin ty Some of the more pressing prob lems confronting Canada in 1056 were reviewed by James Muir Chairman and President of The Royal Bank otuctnada in his anl nual address at the Annual Meet ing of Shareholders held onJan 12 at Head Office One of the more important 01 these he felt was the new inflationary pressure built up during the boom which character ized 1955 While admitting there may be some diflererice ol opirnon on the seriousnsa of the threat posed by the boom he believed there are definite danger signs notso much in prices as in the frantic pace of consumr buying business expansion and the gener n1 tuhtness o1 markets in both cammodltie Mid labour Ndmodern banker will deny the eflicacy of wise mntral bank pol icy curbing inflation he said indeed experience shows that monetary policy is more effective against inflation than against de flation But there are dangers As Ihavc already pointed out ethe 011 may go too far it may also lyre laselective curbinghealthy as Well as unhealthy ora exceglve banksredit In addition certain typeseot credit and these by no means the least inflationary lie to nominate two candidates and pmsibiy three or the attention of those charged with devising and administeringcredit control on selective basi consumer credit term loansby banks and with éaution mortgage credit mapping 01 cm Consumer crcdi or buying on time is an essentialpart of 0m modern economy But like all good tliingsit can becarrred to ex tremeiFor the individual to live in constant heavy debt is to live in bondage and the burden of debt is usiially the greatest 101 those who can afford it least viz those who need or are attracted by no down payment otters For the economy as whole consumer cre rdit results inithc production and sale of durable goods to oi longterm investment by the con surner without at the same time corresponding act 01 savmg There need be no harm in this provided the consumer loan is it self financed out of savingthe consumer then borrows in rorder to spread his own savingiover time But if great rise in con uiner loans is financed through bank credit expansion we have an expensionnot of shorttend self liquidating credit but dongterm loan paid back only over long period and consequentgexpan sion otnhe money supply term loans by banks to corpor ations and th purchase by banks of corporate bond issues are similar ttect loan expansion of an ced consumer credit and may be moreuaerious in that the repayment period may be Jon term humornaming investment this timeing financed without con almost entirely outside the chart ered banking system should like FUTURE BUDGETS In all the exelternent the switch to deficitfinanca ing said Mr Muir one mrntm Cutout In moiturn ui niece ager noted depositors extremely important decision in the realm ot fiscal policy went almost unnoticedby the general public Inn ae clsion is all the more import ant because unless or until presumably determine thevoverall pattern federal budgeting for Years to come reversed it will of in his budget spot April 1955 the Minister Finance said propose to recommend to the house iitax policy and altax structuretiiat would produce balanced budget under conditions which represent high level of output and em pioyment Now high level orvah put and employment is re tlected tn the figure that measum thegross valiieof your national production over the year The new tax policy and tax structure referred to by the Minister or inner is geared tothis ET tional product in such way that light anyyear thepro duct falls below ccrtai ideal level there will be an automaticbudget deficit the national product rises above this level thereWil be an automatic surplus And the ideal level 05 gross na tional product is apparently defined as thlteleiyalI 1h wouidlhave obtained had employmentand the rate qt growth at the ecmomy1bsen normal every year since the base year 1953 it may whether this kind of bull inu tabil lzer will prove sutfi lentiy be 0179 vto queatl strong to producetlie desired effect Jt may prove too rvpassive to meet that iie ahead JIt may well he that the automatic prin ciple was adopted tiara de vice to ensure the fiscal pol tlie crises icy would at teas not make things worse the at least be mini factor inthe short run Meanwhile monetary policylwith ta greatly superior flexibility could be reiied pan to take care ofshort swings in busi ness caetivlty mdemp19 ment leaving io problems ot econa fie c1eve opment and growth the slower adjustr nrui evi W44 Purl arm 33o rumi wrrmr 30 Millie Country sun ram Neil Heldlitwl at sea ILII hm Market Report 20 Xenon In Lil 1151 Clood Clint olden Doom Loo Belleth lonrrll 109 bra rutnm no Aceat 0a Vonl1 115 You And Your Home no lietent 2151nhlon ilo no sum rnr napa 24 Prrloulily yaur wean oooriae 330 Hm For The lelrl 400 nthn Country airi no Nun medium and wrather Canada Total Depbsrls have now passed $3 hi on mark Se ewiek General Man at not only had the assets of the Royal Bank reached the imposing total of 33284103805 but that deposits had passed the $3 billion mark new high point in Camdlanbanking history Ten years ago our depollu were 31888 757014 approximately 81 of to figure whereas then our lnbered 1555859 as co pared with 2557909 at the esent timc The banks liquid position he Inoted mntinued strong total quick assets of $1918 719570 representing 6124 of the bnnka liabilities to the public Our Rest Account has been increased to $108000000 which with paidup Capital of $2000000nnd the un divided prnflts balance of $318000 odd means lhtithe burr now has at use Capita funds close to $151000000 This is very strong position indeed VMi Sedgwick noted that NHA Mortgage mans made by the Royal Bank now total 31 865 965 compared with $22672390 the year before Other current loans also have shown expansion inline with the higher general business activity and the total at 31168559355 shows an increase or more than $i37i000000 in the twelvemonth period under review We are now in common with the other banks cooperating with the Government and the Bank at Canada in carrying out policy of credit restriction designed to pre vent inflationary pressures it is important that thcvltirning of any variation in such policy should coincide accurately with changing conditions within the economy Mr Sedgewick 5150 discussed thebanks extensive building and rrznovation programme In addition to alterations and improvements to existing premises as new branches were opened in Canada 1955 and 23new buildings Ioropening this year or iaterare under construc tion Branches 110w total 851 01 which 74 are abroad BOYAL BANK ABROAD The bank wili also occupy new and more coinmndious premises in Rio deJaneiro shortly and con siduationlsbeing given to further eitpansion in the Caribbean area Since the bankbegan operations abroad neariytw years ago said Mr Sedgewick the local stair had been encouraged to aspire to sen tor positions and this he mil had been major factor in the success of the banks foreign operations There was he said neeftor canadians in the bank ioreign scrvioe and as aconsequence spen didbppamniiies existed in the Royal Banks foreign brnaches for any Canadian young maanterest ed in asatisfying and wccesstub career in international banking Mr Sedgewick paida high tribute tothe banks staff which now numbersrweli over 14500 We are very pleased indeed tofseaia growing number of young men join ouristatt and teelthat they have attractive opporturiities ahead said Mr Sedgewick monsome restraint and coopcr tion cahpot quickly cure handrail um Whiiesmmd economiepolicy la factor inachievlng national iin igy andweli bring mam mar Thc very diversit yionl cultural