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© #8 Bond 4 THE FOUR a Oshawa Daily Times | Succeeding OSHAWA DAILY REFORMER (Establisted 1871) Ontario Provincial Dailies and the of Circulations. SUBSCRIPTION RATES in wal] ia $300 a vear. United States TORONTO OFFICE Adelaide 0107. Times is a member of The Cana. Building, OT residder. representative. inp MONDAY, JANUARY 4, 1932 ot Pilly ole lishing ter all, Gandhi cannot speak for the of the people of India. At the con- dnce in London were many other repre- atives, and he dlone stood out in opposi- jan Daily Newspapr: Asso. h 'Oshawa and suburbs, 12 Canada (outside Oshawa cas. Temperance Street. Telephone H "Board of Education Finances |{& . ------ The financial report of the Board of Education must have the ratepayers had a surplus of the board been highly satisfac- of Oshawa. In 1930, $16,800. As a 1 res , the tax rate for schoo! Hoult oS by one apd a quarter jlls in 1981, and the taxpayers were ee of raising that amount last year. How closely the is indicated by to use only b2,66 meet its 1931 obligations, has a surplus of just over sary last year. board figured its estimates the fact that it was neces- $2,660 of this $16,800 to so that it now $14,000 for the It should be noted that this $14,000 surplus is not addi ae a year ago. surplus of surplus taxpayers O would otherwise have been necessary. there are still over i Pll for $16,800 less than ional to the $16,800 Slope Because of that 1930, the board asked the And $14,000 left out of that nt to be carried forward to next year. This 1981 surplus reduction ip the school It will not be a very because school //" 'on just the same 8 . peduction can be teaching staffs. commodities should estimates for next year, reduction of from half hould make another rate possible in 1932. substantial reduction, debentures have to be met cale as last year, and no made in the cost of he But the lower price © be a factor in fixing the and should make & a mill to a mill possible. iendid financial showing is highly creditable administrator. eational affairs the results ow " AL y is 0 are appar of ot ® peonie to the board and its business ith edu- They have dealt wi k iness-like way, an jo a busing in the balance heir record of administration, . an find little fat; +hat the municl s well satisfied to bers of the board sve rs d actioni may > candidates hawa, on eligible paid pstab- es e to the measure of self-government is being proposed for India. Surely annot be right and all the other Indian ers wrong. The majority are perfectly fied with what has been offered, and dhi, if he is at all a student of democ- must realize that the majority must and the minority, with proper pro- pn, be governed by the will of the ity. ti h MONDAY, JANUARY 4th, 1932. ore es en the Britis rities paid a great deal of attention ndhi. The time for such an attitude t. He has shown himself, by his lat. terance, to be & revolutionary of a ous type, who would not hesitate to e India into a bloody. warfare to je his oWn ends. It might cause a h y turmoil were he to be put in a pn where he could do more harm, the long run it would be the wise for the British authorities in India sue. Any man who can talk glibly sacrificing a million lives to gain his ould be in one of two places--the or the penitentiary, | Editorial Notes ---------- e extent, prices have come back Dpre-war levels. It would be fine pld also have pre-war levels of h u voted yet? The polls do not itil seven o'clock. started as if it meant to bring a Inter, but it apparently changed its ery quickly, Is of depression usually bring out a 's qualities of courage and initiative. why Canada is not suffering nearly h as some other nations. e who will not be interested in me y marriage will be insignificant in ~Rudy Vallee. is the most useless thing in the Henry Ford. her Editor's Comments ® MOTOR TAXES FOR ROADS . (London Advertiser) rio, as in California, motorists were re- stiff taxation by the assurance that the "to provide funds for the construction p of roads," the language used by the ister of highways, the present premier. treasury collected $16,416,560 from mo- gasoline taxes, drivers' permit fees and Of that sum only $4,968,000 went into tion and maintenance of highways. remainder was spent for general pur- pe bulk of the highway expenditure was borrowed money, adding to the provin- And now Ontario motorists are to Le r $2,000,000 for their licenses, and re- additional cent will be added to the There is no longer any pretence that | be held "sacred" for highway uses. pread around among all government artments and will help to fill in the receipts and expenditures. The Cali- ment may have heard how Ontario OF HUMOR (} young doctor, met a friend ji he exclaimed, "you're Ig hat's happened ?" replied Pills. "I'm plot, and I've sen) ANNUAL REVIEW Seriously affected by world ------------------ CANADA IN BETTER POSITION FOR SPEEDY ECONOMIC RECOVERY THAN MOST NATIONS, SAYS E.W. BEATTY ment must ever be predicated. If the original building of the Cana- dian Pacific has been held up un- til existing trafic justified fits operation Canadian national de- conditions as C da may appear to be, there is no country of the same or anything like the same comparative importance in worid affairs that is less affected basic- ally by the conditions that have brought financial disaster to the great nations of Europe and to the United States. This has been sald before, but those of us who are somewhat immersed in busi- ness troubles of our own are not prone to view them in a dispas- sionate and comparative way. It is a matter of fact, however, that Canadians should bear in mind at such a time as this when confidence in their country's fu- ture 1s one of the constructive forces that must go to work if we are to make an early return to normal conditions, Economic depression has reach- ed its most pronounced stages in those countries more highly in- dustrialized. Therein lies one of the reasons why Canada has ex- perienced Jess dislocation than some others, and is in a better position to register a rapid re- turn to normal conditions when once the world situation shows signs of moving towards stabill- zation, It may as well be recog- nized that we are only now fac- ing the brunt of after-war re-ad- justment, and that as far as the world is concerned the process is still short of completion. Having its economic basis still very large- ly in the development of raw ma- terials, Canada has less distance to travel along the road to re- establishment, and there are cred- ible reasons for believing we have gone some distance in that direc- tion. Year of Re-organization Thus we say that to Canada the year 1931 has been one of re-or- ganization and reconstruction, and as is invariably the case, dis- ruption of previously existing con- ditions and methods have aceom- panied the process. In this latter regard a fairly good start has been made, and the general fab- ric of our financial, industrial ang commercial affairs is well on the way to something approximating a position upon which the future structure of national prosperity most effectively may be built. Forced into renewed public at- tention by drastic impairment of earnings, the railway situation has moved into recognition as Canada's most imperative domes- tic problem. Its causes, complexi- ties and possible solution is now being probed by a most competent tribunal the appointment of which at this time was an act of common sense and courage. The Canadian people will present to an interested world renewed evi- dence of those qualities if they give their confidence to that tri- bunal and meet its suggested solu- tions with considerations of eco- nomic value unbiased by political color .or preconceived prejudice. Preparation For Future In respect to preparetion of the basis for future businéss, the country has still some distance to 80. The nation, its various com- munities, many of its business in- stitutions and no small number of its individuals have in the past ordered their affairs as though the way to enduring prosperity lay through extravagant expenditure with little or no thought of stab- ility of investment or profitable return thereon. Thus as a nation we are faced with debts that must be paid, I know of no way of meeting them other than by hard work and strict economy. Of w. expenditure leading to the g ing up of undeveloped ds or lowering of prod there can be no J any time, nor thg be blamfe tog ing looifd thelr fag Ry Ali easonably & fuately Bog The Canadian no apologie ore nding that ion the Wrong ence for, the trave that city is just cement hen the annem enthusiastic ding was § a there. 1t 1s upon such In deveRat kind have some- as these th velop t would now be decades behind its present position. I men- tion these two because there ap- pears to have been some under- current of criticism of their incep- tion as unjustified extravagances. In every case where the Canadian Pacific has made additions to its services it has done so in order to develop business which its DI- rectors saw ahead and in no case has it been a matter of instigating destructive competition where facilities were anything like rea- sonably adequate. Railways Affected * Over the past year railways have been more adversely affect- ed by the general trade contraec- tion than hag any other branch of industry. A 22.1 per cent de- crease in Canadian Pacific gross revenue for the first ten months of the year is symptomatic of these conditfons. The fact that we were able to effect a 19.1 per cent saving in operating costs over the same period ig not oniy shown to be more than justified, but it is also an evidence of the high standard of efficiency at which the property has been maintained, One direction in which we were not able to make reductions was in that of taxes which will this year run to better than $7,500,000. It is perhaps worth noting here that since its incorporation the Company has contributed over $121,000,000 to Canada's tax collections. Under adveree conditions of which an unreasonably forced standard of competition was not a small part, the Company carried on its serv- Ices in a manner calculated to re- tain the confidence of the Cana- dian people. This fairly conclu- sively is shown by the fact that since September 1930 the num- ber of its Canadian shareholders has grown from 26,185 to 35,775, an increase of 9,590, binging the Canadian holdings up to over 46 per cent of the total number of hareholders, Difficulties Over-rated We have heard much of crop failure, trouble and even destitu- tion in Western Canada and we have perhaps been inclined to overestimate the difficulties faced by those who live in the prairies. At any rate it was recently a most cheering and encouraging experi. ence to me to go through that part of the country and witness the courageous manner in which the West is facing the situation. Any idea that the West is giving itself up to self-pity on the score that its future ag an agricultural country is doomed should be aban- doned forthwith, As a whole that country is not doing too badly and its pebple are firm in their well justified knowledge that they are going to do as well as ever in the not too distant future. The most seriously affected area comprises but 20 or 25 per cent of the West, and over the remain- der conditions are at least fair > gone contributions to top-heavy overhead such as jnevitablv come into being during periods of busi- ness inflation. It is conceivably possible that ere this movement has reached its final phase it will have extended further, even per- haps, into public and govern- mental jnstitutions. In any ease it has already gone far in general buginess and has opened the way for rebuilding and re-organiza- tion upon gounder and healthier plang than have prevailed for over a decade, It is an old saying not yet suec- cessfully controverted and certain- ly of recent years brought much into mind, that one thing greatly to be desired is more business in government and less government ju business. The period of econom- ic stress has done more to prove the truth of that statement than anything else could have dome, and I find upon every side con- vincing evidence that a large and growing number of the Canadian' people are accepting that fact as being abundantly established by the course of economic events through which we are passing. Under stress of war necessities it became the Governmnt's job to suprvise practically everything economic that was carried gn. In many cases supervision became actual operation, The natural re- sult was that people and institu- tions began to look to Govern- ment for the inspiration and di- rection which they themselves could have given much better had they carried forward their enter- prises on business principles the efficiency of which have been proven through ages of stress and strain. The lesson is clearly lala before us*and I think that in this country, as in others, it is now recelving the consideration justi- fied by its tremendous importance, Canada Sound The success which / attended flotation of the National Service Loan should be as re-assuring to favadians of the sound basis up- n which their economic affairs stand as it has been to the world at large. Foreign money markets might and no doubt did feel that our national obligations 'were be- ginning to approach the limit of reasonable current credit. Readi- ness with 'which our people were able to absorb the new bond {s- sue, however, esteblished the fact that a surprisingly large amount of Canada's wealth was in liquid! form and that the Canadian peo- ple had no hesitation in placing it at the country's service. The Can- dian dollar has gone considerably helow par in most of the world's money markets, an effect of world conditions which carries its #. to remedy in that it is calculle bal- encourage a more favog has also ance of foreign tradggContributing not n without gent to manu- an indzier countries to of /Jories within our bor- the United Great/s have been organized or are Sta#" in the process of organiza- Won. The effect of this upon em- to good. Great encouragement has sulted from recent advances wheat prices, and since the sri tical position of that world markets 'ig strong, higher prices sonably good demand likely over the first coming year, Intel in improved met ren Js. in graibtedly undor a rea- alf of the nt interest «8 and lower as well as .in Y matter of fur- $hication of farming is This coupled with the Western (Canada has Wd the railways ahead and VD ties 80 ft 3 might bd ken care OL. (sf Apoloptcy for in wn that it can produce 8 best in both grain and Is enough guarantee of try's future. Eastern 8 no less reason to view stiny with con. and export of nd dairy products have and the fruit crops of d Nova Scotia are ith excellent markets criticism at hav- guture bus nadian agriculture gen- patablishing itself in a s to offC® make the most of recent ImDPO'Wkat improvement when mente events bring it about. ant increase in gold some improvement. in for lumber, an in- the year in the vol- rist traflic, a more sat lance of foreign trade, vy a noticeable better ny lines of retail busi- pst encouraging factors pral situation, ons, and \ 1d-cruise gled through chill versity around corner in expectation of old friend prosperity glide of every one of prophesies and expec- t now rea as § of forward m pch of their zest. He bold man who would ophecy as to what is pen during the come d yet I think it re- er boldness nor sec- justify the assump- h32 will, as it prog- marked improve tg predecessors. It is e country's financial lo past twelve months, of Canada's capital sveloped resources pial ht these has jay affected. Event- rid will recover and ose raw materials h as before, and as grows more familiar wealth and continues hthods of production, {onal growth bo sus- 0US. go Rebuilding : timated the closing find the countrys ture pretty well to foundations. i the most cheerful ay be gald at the vagant methods of have had to be with them have ployment now and under future more normal conditions geems to me to be important. British Election Ultimate results following upon the recent British elections are likely to be far-reaching in their relation to Canadian economic af- fairs. Important extensions of our trade with Great Britain seems re-assured, and it may reasonably be expected that the holding of the forthcoming Imperial Confer. once in this country will pro- foundly influence the course of Canadian economics over the next few years, The Empire will be brought to a new realization of what Canada has to offer in the way of natural resources and op- portunity for profitable {nvest- ment. The country will step once again into the forefront as a land towards which the most desirable class of immigration and settle- ment should properly flow, and when world conditions have reached that point on the way back to economic stability and normal prosperity which will per- mit Canada. to again move for- ward, such favoring factors re- sulting from "the Conference should tend to accelerate our na- tional development. In the mean- time Canada's decks are well doubt that we shall be among the very first to profit by fhe retur: of these economic conditions u der which this country was ahh to secure a place in the forefret of the Nations. disabled emergencyfficers of the World War, ere retired | some three years/€o, that some |i five hundred offheir number have died since/at date, It is natural that th Siicers Pio J nto the feat beyond first, pasginto fntrance into the war, their av/age age was eight years older A&R the other sol- diers., That renfids me that it is ra- ther difriglt for those of the World Wy generation to realize the war is receding {nto his This citizens wno had thefivilege of service in the Navy and who passed he ordeal without mak- ing tJ Supreme sacrifice, have dvanced life's road by a of years, which form a bn this sphere, and year by je number of veterans Lorraine Recnan, John Ken Kennedy, Alma onne, Bernadette Meagher, Pearce, Doris Bird, Gerald M na, Betty Brockman, Billy Mildred May. Stedzienisky, ter Kroll, Joseph Habberfield, G Kearney. Kroll, George Ammond, Bert M Kathleen K. (equal), Moore, Kelly, Maxwell St. Thomas, Held McGrath, M. Stanzkoski, : Sullivan, Edward Power, Billy Fai nadette Whiteley, Annie Spisak. liam Lee, ) : Doyle, Julia Raspond, Doris Sheri- dan, x Ty ove i our disabled what we owe t! the emblem of amid the rows I~ » Af, ESTABLISHED 1884 JG cH ' Paid on Debentures issued for one to five years. AND VICTORIA STS., TORONTO 23 SIMCOE ST, N., OSHAWA RESULT OF E Tin, (Continued from Pag ontaine, 50%: Gordon Murphy, B ise Junior Third--Room 9 Honours--Billy McIntyre, Pass: Eleanor Mothersill, Junior Third--Room 4 Honours, 75% and over--Jeri ervin, Albertis Aileen Dorothy Do Hardy, M Johns, Kathle Pass: Yolan Szidor, Joseph Pul key, Josephine McLean (equal), Nan! Cox, Sebastian Conlin, Audry G Electra Betty Marshall Buckley, Douglas Conlin, Callaghan, Marguerite Clarke, John Roney, E. K ates, Catherine Bell, (equal), © Bernice Jimmie Byrne, rawcuhk, Junior Third--Room 10 Honours: Gerard Foristall, Ber- Pass: Francis Beaumgartner, Wil- Eileen Kervin, Mary Senior Second Honours: Jack O'Brien, Mary an, Helen Slanina, Catherine nie, }squ, James Fair, Mary Bur- Helen Sti #, "un, Kenneth Mnard, Yarescny, Betty &y_ Conlin, Paul Heffer. ws, Margaret Pass: Helen Gates) ; Hefferman, Noga Kearney, ~ohine Steffan, Lena Melnyk, lor and nie Horky, Margase Matthew Brudick, Johnson, "ok Fe Cobbledick, Paul thews, ; i George Fairhart, ny Pauline Gerace, J McKenna, Gregory Normoyle. Honours; James Noonan, Bonello. Pass: Sawicki, tes, a Helo vie Sullivan. Holtforster, Frances Johnson, va celia Rollande, Mildred McAdam. 11. Class--Room § Honour standing: John Brennan, Annie Pass standing--Helen Jaros, Ar- thur Noonan, Michael Popp, Jack Driscall, Rosie Sembel, June Clem- ent, Mary Brady, Doreen Almond, Helen Lesnick, Henry Monaghan, Anna McClean, Mary Jozkoski, Hel- en Forestall, Sarah. Whitely, Ken- neth Martin, Edward Kutienski, Grace Smyth, Harold Mothersill, Edward Grezsik. Junior 1l---Room 6 James Dionne, Gordon Smith, Vi- vian Gasleigh, Mary Elizabeth Bent, Ralph Murphy Catherine Palner, Mary Kane, Sophie Sledziewski, Rita O'Reilly, Rita McKenna, Mary Heffer, Jac- ueline Lepine, Helen Polak, Edna rudick, James McGhee, . Helen Maric Toh i 1 Rusky (equal), An Miche] Higgins pnd Grahura (equal), Eos snick, Tom Kin Jenny Le Margaret Raymond Fontaine, Foglton and Billy Kinsman an Paul Timar (equal » Senior First--Room 1 . Honours: John McCaffrey, Colin Bell, Joh rd, Tre Rolland, Margaret Flynn, 3 Guerey Efleen HH 5 Kirby, Juli Joan Marion Mac Sabol, Jon izabeth O'Regan, Thompson, Thomas, M Mar cabeth Clarke, Dillor illiam Powers. ; : William, Driscoll, Edith { ry Smyth, Hilda Holtfoster Sledzwiski, Kathleer roling Laurie Robert Junior First--Room 1 Jose dward Rospond, Frar A ieen elly, Jo Bill Monaghan, Francis al Class--Room 3 PP) {ennedy, Pad atricia Kenne illian Anni Prim Honours a Mothersill, icoll, Ernest McKeigne, uz. : 23beil : h Riordan, Elizabe ord, ria Power, Jom Osler ista J , Leo inson, Le liste 5 pe "Clark, Dorothy Fair N ry Farrell, Albert Polak, a nan, Barbara Moore, Jgree: Ddong, Maurice Kane, James Ha die) Margaret Simeo, Barbara, 4 fe , sa Conlin, r EY RE oh James Ring, Lox etto Holtforster, Phil tQuads Catherine Haubly, Flizaber yon William n,*.J) ) i Jean McGrath, Virginia Di onne, ---------------------- ours after staging en ree Indiana youth to prison. At t they arrived. A 21-year-old girl agreed to marry] anyone for $10,000, but when shel tried to cash a cheque it bounced back. Henceforth probably she will not bank on men. Current slang may be short-lived, but any time you get into the bath- tub with the water steaming, it's sure to be "hot cha." Now Metropolitan Opera will be broadcast. Judging from the size of most opera singers, it's never. been anything else. A depression may be in progress, but evidently it does not extend tol the use made of the Royal Mail at Christmas time.--~Brockville Record er and Times, 3 EF Y New 'RESOLUTION TO ECONOMIZE CAN RE Put Into cleared for action and I have no A Practice Now 3 to 10 years. Regular $5.75 to $10.00 at $3.95 to $6.95: indbreake, $3.95 to $5.95 Boys' Underwear 25% Off All Lines Men's Mackinaws Regular values $7.50 to $10.00, To Go at