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THE OSHAWA DAILY TIMES, WEDNESDAY, MAY 13, 1931 New York stock exchange and. was open for purchase to the world. By virtue of its extensive ity he Wines, ta Tints yb to its ability to serve a town sof Whitby's size was mass production which was the company's aim acd object in this. district, Mr. Tate} stated that if Whitby built and operated an electric light plant in- dependent of the Hydro, it could Bot hope 16 make any Hydro lees the, other hand, the 0 -JEleex : soatitred pany ifric 'Power Commission, with its d over 100 more. Mr. fat produsing an lng tit aim of 'to sell TWO i ' -------- (Continued-from page 1) -. no Sean: in Canada as 'it "utilities 'in the Maritime + In-Great-Dritain-it-op«] ities in, 460 p! an thao. H ey 3 man's utility Because the cost of installing it was not nearly as high as that of electric ranges. The Town of Whitby, he felt, was not interested in paying power rates 5, Hho peak load, Mr, Tate pointed out that the usefulness of gas applied not alone to the house- wife, but to all classes of indus- try, its uses being so numerous, By mass production in Oshawa, Bowmanville, Whitby and possibly Port Hope, Cobourg end outlying cefitres, the company would be able to increase its load and there- by be enabled to render a first class service at a minimum cost. Mr. Tate stated that this part of Ontario had associated him an? his associates with its possibilities. They believed that it had a great commercial future. The com- pany's chief aim was service. Mr, Tate, commenting on Mayor Bow- man's expressed change of heart, congratulated His Worship oo his manly stand. The 'mayor's admis the town for a dollar, asked local people to buy Its stock was 1istéd on the THEATRE _- Now Playing The Sensational $2.00 L... Produ ction 8 "TRADER HORN" ----At Our Regular Prices! $2.75 - With clicker heel. A smart, blucher cut style in velour finished, black leather. Sizes 1 to 55. Youths' sizes, 11 to 13, same style Men's sizes, 6 to 11, same style .. Boys' Outing Boots 75¢ * Brown canvas with brown rubber trimming, crepe rub- ber soles. Sizes 1 to 5 at 75c; sizes 11 to 13 at 65c A---------- See Window 18 Simcoe South sion of his error after investigat- ing facts for hi his associates feel that this was a If made him aud nit . + C Sipe ig Hn." a ated M#, Tate it the company's agreement prevent- d the establishment of a central heating plant in this town, as was mooted in other-plates. Mr. Tate in reply expressed his belief that this country ia the fu- ture would become. ons Jarge met- ropolitan area, under one name. The company in its Agreement wos fot asking the town for central heating Plant rights, and there * fwas nothing in the agreement to prevent the town from granting theso rights to others. 'Eugene C. Fugene C. Lang, chiel engineer of the Utilities Light and Power Corporation, explained that the company could not in the sale of gas make money out of Whitby alone, *but it must have Whitby to make the other units to'he estab- lished in this district and served from the Oshawa nlanf, a success. He had great faith in Canada's fu- ture, and it was on this account that he liad been abla to convince Mr. Tate and his associates to lo- cate in this district, with the result that the Oshawa plant had veen purchased but with very little busi- noss. Mr, Lang stated that mass production counted in serving the smaller communities. 'The price, it was admitted, now looked high, but, as consumption increased, so would the margin of profits which would enable the company to make cost reductions for the benefit f its consumers. Nr. Lang stated that the fear that gas would com- pete with electricity in Whitby was unfounded. Gas was the workiag man's utility, because it cost less to instal than electricity and be- cause of this fact, there could te no competition. Mr. Lang remind- ed his hearers that it would cost from $75,000 to $100,000 to bring gas to Whitby and in accordance with the agreement, local labor would be employed where possible. It would take 90 days or four | months to make the installation in Whitby within the specified erea. The sale of gas for industrial pure poses would help to reduce rates and the company was very hopelal of selling gas for this purpcese in Whitby, The bylaw :tited thst when a certain consumption of gas was reached the prico must be re duced accordingly. In the agree- ment, the town was fully protected against damage to its streets and other utilities, The Company had use of the streets for gas mAins only, and these would be laid to a depth of four or five fest. The quality of gas must be in accord- ance with provincial statute regu- lations, It was always subject to inspection. Mr. Lang told Dr, G. L. Mdedougall that special rates would 'be available for industrial purposes on the basis of consump- tion, subject, of course, to further negotiations. F. H. M. Irwin F. H. M. Irwin, president of the Chamber of Commerce, but mot speaking for that body, was in fa- vor of the gas bylaw and thought all should support it for three rea- sons, namely, that gas would be a real industrial asset to the town along with its other fine facilities; that it would be a residential as- CHEVROLET ~~ COUPE 3 1928 model in splendid condition every way. .Good tires. 'Price 7 ee] 1920 model. PONTIAC COACH Perfect motor. ' Extra fine sct of tires. Price suas CHEVROLET SEDAN : OLDSMOBILE SEDAN 1027 model. " G 1928 model. Good tires. Motor O.K. runs like ney car. Looks and Price Price FORD COUPE 1927 model in first classs un ning condition. Price $75 TENER AL MOTORS DEALER ARIO MOTOR SALES WHITBY OSHAWA | giohio 'session of all the gn the + Mr, Conant assured the audienc 'that irom personal knowledge and i- jvestigation the company was well set, furnishing gas to 600 homes where there were no electric ran- gos on account of their high cost, and because the passing of the by- law would mean the expenditure of many thousands of dollars for local labor at a time when it was most needed. Mr. Irwin wanted to see a large vote polled. Deputy-Reeve Deverell R. M. Deverell, deputy-reeve, ex- plained that Council had spent a long time on the agreement and had been called, hard bunch to deal with, because there was not another place with so ig on a bylaw. He was glad Mayor Bowman had #éen the light and was now on his side of the river, All modern places had gas, he explained "nd gas apd electric plants worked in conjubction with each other. Mr, Deverell appealed for a large vote on Saturday, asking everybody to get out and work. F. L. Mason F. L. Mason, of Oshawa, pictur- ed a great industrial development in this district in future years, as the result of the use of by-products such as tar, from a coking plant which he opined the Ontario Shore Gas Company would be compelled to erect in order to make a profit out of its operations. The sale of gas alone, he further opined, would not make money for the coupiuy. The constructing of this plant meant the adoption of and carry- ing out of the policy of the late Sir Adam Beck in building up great power plants and tne distri- bution of power for long distances. Mr. Mason pointed out further that people served from a coking plant in this district could oblain fuel at a minimum price. The utiliza- tion of by-products for industrial purposes was going to bring nic this district a number of new :n- dustries and he gave the assur- ance that Oshawa was not going to hog them all, He wanted to ve 1a district built up with industrivs. Mr. Mason stressed the point that while Torontd had 150.0¢0 gas ranges, it was the greatest hy- dro munieipality in Ontario. He mentioned this because of tia fear 'hat gas wodld compete with the PP, U. C. in Whitby, Oshawa's ex- periences in selling its gas plant were related. Mr. Mason axpriss- Ing confidence In the ability of the Ontario Shere Gas Company to successfully operate the plint and carry out all {ts obligations in Oshawa and elsewhere. G. M, Goodfellow G. M. Goodfellow, of the Mundy- Goodfellow Printing Company in- dustry in Whitby, looked upon the gas franchise agreement as a good business proposition for Whitby, and felt that it should be cdnsid- ered on its merits. He was of the opinion that gas would find ready use in the homes where elec- tric ranges were not now installed, also that its introduction in Whit- by would not mean competition for the P.U.C. Mr. Goodfellow stated that his company could use gas in their Whitby plant without reducing the amount of electric power used. He stressed the fact that the company was not asking the town to spend any money on its account, while on the other hand, it would spend thousands of dollars among Whithy workmen, Then, too, the town would realize money from a business assessment of the company's operations and holdings in the town. With regard to the objection raised to the thir- ty-five year franchise, Mr. Good- fellow stated that the Ontario Shore Gas Company, like any other concern or individual which might want toinvest money in the town, has a right to expect a reasonable time in which to realize on its in- vestment. The company could not be expected to lose money. The agreement, he figured, was a good one both for the company and the town and deserved support. Reeve A. W. Jackson The fact that the Town of Whit- by had obtained as a result of ne- gotiations between the Council and Ben E. Tate and his associates, what was considered to be one ¢f the most rigorous agreements in existence, also without a dollar's expense to the town the company was obliged to Iay gas mains in a specified area within a year and supply gas to any citizen in that area, who would sign a year's ¢- tract, was stressed by Reeve A, W. Jackson, a strong supporter of the bylaw from the first. Mr, Jack- son also pointed out that the com- pany would spend thousands of dollars fn Whitby at a timo 'when it was much needed. glving work to local citizens. The reeve was convinced that gas would not compete with the P.U.C. in Whit- by. He believed that the 200 olec- trio ranges now in use were a doubtful asset inasmuch as they in- creased the peak load on which the town's charge for power by {he Hydro was based, with the revenue from the additional power used by the ranges not sufficient to off- sot 'this extra charge. Frankly, he did not belleve that the P.U.C. wanted any more ranges to add to its present load. Reeve Jackson congratulated May. or Bowman on the stand he had tak- en, stating that it was a matter of personal gratification to him, He was glad, too, that opposition. of the P.U. C\ had gone, the chairman, Mr, A. H. Allin, having announced that he Was now a strong supporter of the bylaw and would vote for it. The conversion of 'R. A. Hutchison, an- other prominent citizen, as the -ssult of information he had obtained ¥1om the Hydro at Toronto, was also an- nounced by the reeve. » G. D. Conant The final speaker of the evening was Gordon D, Conant, of Oshawa. Mr, Conant stated that members of the Town Council of Whitby were a hard bunch to deal with as they had negotiated one of the most rigcrous franchise agreements in existence, with penalty clauses in it for defaglt more drastic than had ever been written into any 'other simlar docu- ment. The town's Hg were fully protected, cven to the extent of a proviso that in the event of the fail- ure of the company to carry out the least obligation after due notice the agreement would - become null and void- and the town would take pos» company's. holdings town, 5 de under the agréement in like manner as every officlal and representative of the company had kept every pro- mise made during. this, campaign. Mr. Conant stated that the ques- tion of .gas as a competitor with elec- tricity had never beet raised until he heard it Whitby. The Hydro Elec- tric Power Commission was quite sat- isfied with the plans for gas develop- ment in this district and did not re- gard it as a competitor. In Cobourg the Hydro owned both the electric light and gas plants but it was now negotiating with Ben E. Tate for the sale of the gas plant. Mr. Conant read telegrams from Brockville, Kit- chener, Owen Sound, London, Galt, Brantford, Ottawa, Barrie, Chatham, St, Thomas, Woodstock and Windsor setting forth that gas was not con- sidered a competitor with electric power, but in many cases it was a valuable adjunct, both utilities work- ing hand in hand for community de- velopment. In not one case was de- New Martin Final Showing EAST IS WEST LEWIS AYRES LUPE VELEZ Shown at 2.80--7--9 Regular Prices i A! service in Claremont U. C. Mr. Conant in closing asked. the electors of Whitby to give strong support to the bylaw and to bring out on Saturday cvery possible vote. even' exceeding that of Bowmanville, He felt that it was Whitby's oppor- tunity - for present and {future de- velopment. The singing of the National An- them brought a very profitable meet- ing to a close. MOTHERS' DAY AT BROUGHAM (By Mrs. T. C. Brown, Correspon- dent) Brougham, May 11.--Our Moth- ers' Day service on Sunday was a very fine service. The superinten- dent was in charge and the e¢hil- dren sang the responses to tho leader's questions very sweetly. Mrs. W. Brown, of Toronto, seng a selection suitable for tke day. The time allotted for an address was given to Mr. Hector Baxter, of Minneapolis, "president of the Minnesota and Manitoba section of the C.N.R." who taught Brougham school from 1873 to 1878 and has taken and still takes a live inter- est in Brougham. Although near- ing his 83rd year, his voice has lost none of kis old time vigor and the school heard a messuge worth remembering from his lips. The attendance was large for the day. Mr. Baxter spent the week-end at the Brown home and called on many old friends. Mr. Beatty, of Toronto, visited at the Gerow house on Saturday. Mr. Albert Gray visited Rusge! in Toronto Hospital aad helieves treatments are being beueficial, if slow, The Young People of the church here, were in charge of Divine A 'spent Sunday with their MARGUERITE CIGAR =410° If you have Been paying more than 10c for your cigars, ask your dealer for a Marguerite to-day. Protected cigars--individually wrepped--foll or cellophane EE R-- large representation of our people accompanied them to support them by their presence. Miss Doris Johnston, as leader of our Y.PsS,, took charge of the service, opea~ ing with the usual devotional ex- ercises, and giving a fine address on the importance of making a right choice of ideals of life for youth. Four of the young men sang a sacred song. Miss Mary White gave a talk on prayer, the young people conducted the meeting both efficiently and with dignity. Mr. Grant Malcolm, of Galt and Mr. Frank Malcolm of Toronto, people here. RM ---------------- Elmer and Donald Wilson and families visited their parents on Mothers' Day. Mrs. John Stewart and family, of Markham and Miss Jennie Duncan, were with their people here o Sunday. * The W. J. Brown family spent Mothers' Day with their father and mother. The E. Crocker family, of Tor- onto, were guests at the Matthews home on Saturday. Mr. and Mrs. Bate of Toronto, visited their aunt, Miss Bate on Tuesday last. Mr. McBride, of Whitby, visited Brougham friends on Sunday last. J. Gerow and friends of Toronto, spent Sunday at his home. Counsel at Shoreditch County Court to witness: Is yours a one- man business ?----No, How many do you employ?--A boy. To the Holders of »& THE dark days of the War, Canadians loaned to the Government of the Do- minion many hundred millions of dol- lars to enable the operations of the Allies to be carried to a successful conclusion: When Canadians loaned their money to the Government, they received bonds which were promises to repay them the sum loaned with interest at the rate of 5% or $%% per annum. On the 1st of October next, $53,000,000 of these bonds become due; on the 1st of November, 1932, the maturity will be $73,000,000; on the 1st of Nov- ember, 1933, $446,000,000; and, in 1934, $511,000,000 must be provided for. 1t would not be prudent; eitherin the interest of the security holders or the country itself, to wait until these loans become due before providing for their payment or conversion. Action must be taken well in advance of the due dates to protect the credit of the country. The Government believes this an " opportune time to afford Canadians the op- portunity to exchange the bonds, which they own maturing in the nextfew years, for new bonds of the Dominion of Canada carrying interestatthe rate of 44% per annum, which is a very attractive return: Prior to the WAR LOAN AND "VICTORY BONDS A Statement by the Minister of Finance maturity date of the present bonds, those who accept this offer will, of course, continue to be paid interest at the rate as provided by the bonds they exchange. Canadians who have always shown confi. dencein their country are earnestly invited to exchange the bonds they now own for bonds of the new issue. By so doing, they will ren. der less difficult the task of providing for "the future finances of the country, will en- hance its credit and will greatly assist the Government in the present period of world. wide readjustments. Nomeoney will beasked forand no new bonds will besold at thistime, Itis proposed to lim. it the present conversion to $250,000,000, but the Government has the right at its discretion to increase the amount if Can. adians indicate a general desire to continue their investments in the securities of their Dominion: The subscription books will close on the 232d of May. I earnestly seek the active support of my . fellow Canadians in making this conver. . sion, which is one of the largest financial' operations our country has undertaken in recent years, creditable alike to Canada and its citizens: