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' 3 Chancellor + ph H THURSDAY, SEPTEMBER 23, 1948 ' 4 THE DAILY TIMES-GAZETTE-- PAGE THIRTEEN No Convertibi Would Be 'Suicide'; States By George Kitchen Canadian Press Staff Writer 'Ottawa, Sept. 23 (CP)--The Anglo-Canadian economic and financial talks here today rolled into their third day. Sir Stafford Cripps, the British Chancellor of the Ex- chequer, and his financial mission again were expected to meet members of the Canadian cabinet for a further discus- sion of the financial and economic relationships between the two countries. ' There were -indications that the® talks may end today or tomorrow, though Sir Stafford does not leave Ottawa until Sunday, when he is scheduled to fly to Washington for international financial meetifigs. Finance Minister Abbott will ac- company him. Sir Stafford told a press confer- ence Wednesday that the discus- ~ sions were "going very well" and that "progress" was being made. Beyond that, he had little to say. The discussions, he went on, were on a general basis, with the whole long-term program of trade between the dollar and non-dollar countries as the major item under consideration. He was not dealing with food contracts "or that sort of thing." He said he had not yet sounded out the cabinet on the possibility of Canada' unblocking the remain- ing portion -- $240,000,000 -- of the frozen Canadian loan to Brit- ain. Nor could he say whether that would come up later in the talks. t would depend upon "how they As for the question of whether his proposals contemplated a lower rate of trade with Canada, he said the delegation had not 'got down" to the question of a detailed pro- gram. He said he was not here to ne- gotiate the purchase of strategic materials, but there were cerfain raw materials that Britain would buy in larger quantities if her pro- duction continued to rise. Sir Stafford told the conference it would be 1962, at least, before holders of the pound sterling could exchange it for hard currencies. This long-sought. convertibility of sterling "certainly won't come in the immediate period following the end of Marshall Aid in 1952. Sir Stafford told his press con- ference that this convertibility of sterling "certainly won't" come in the immediate period following the lapsing of Marshall Aid and pre- dicted that some export and im- port controls still might be neces- sary in that interim period. (Convertibility of sterling would mean that it could be converted in- to any other currency. Countries receiving sterling in payment for goods sold to Britain would easily be able to exchange it for any oth- er clirrency they wished.) But, at the same time, Sir Staf- ford said there was "absolutely" no possibility of a devaluation of the pound, Such a move would be "sui- cidal" because it would men that Britain would have to pay more for her imports and would get' less for her exports. The tall'and lanky Chancellor, a member of Britain's Socialist gov= ernment, met reporters in the oak- panelled Liberal caucus room of the parliament buildings after his Canadian Club luncheon address. More than a score of reporters * fired a barrage of questions at him about Britain's economic ills and the possibilities of greater trade with Canada and his answers gen- erally reveived around one theme-- that the UK. had to cut down dol- . lar imports and increase dollar ex- I ports before she could return to any sort of normal trade balance, Sir Stafford indicated he person- ally saw no immediate possibility of war and said he thought there 'would be a "good deal of exaggera- tion" about the chances of such a development "within a close period of time." He said the major matter under consideration with Canadian auth, orities was the whole long-term program of trade betwen the dol- Jar and the non-dollar countries. Asked what measures Britain was proposing, he said these would con- sist in a general strengthening of European productivity in order to get the two areas nearer a balance. Questioned about Britain's new trade arrangements with Russia, IWANIS ARNIVAL October 1-2 at the ARMOURIES he said these would not have any effect on the United Kingdom's trade dealings with Canada. It was in the nature of a "barter" deal whereby Britain got material from Russia and supplied the Sov- fet with materials and machinery, including some which she got from the dollar area. The Russian deal would not af- fect the dollar situation because the ruble was non-convertitle. Any Canadian mgchinery going to Russia under the arrangement, Sir Stafford said, would be of a type mot in demand in this coun- try. Discussing the establishment of British industry in Canada, the Chancellor declaréd this was re- garded in Britain as "an excellent thing." He said he understood Canada was permitting Britain to establish Britisxh industries in Canada with funds which normally might go to paying off the 1942 Btitish loan. He saw no immediate indication of a world recession and said there was no sign of any general decline in British export prices. There could be none with the general trend of world prices still going upwards. He said British contracts for Canadian timber would not bé "dropped altogeter" but stressed that Britain wanted to get back in- to her traditional Baltic timber market. This weuld be a refurn to her pre-war pattern of trade in this field. Milk and Cream Sales Decline Sales of both fluid milk and fluid cream. by the commercial dairies in the Oshawa-East Whitby area in July of this year showed a decline from corresponding month of 1947, it is reported by the Sta- tistics Branch of the Ontario De- partment of Agriculture. Sales of cultured milk were higher but the volume of chocolate dairy drink sold was lower. The report stated that 402,076 quarts of fluid milk were sold in July of this year as against 404.640 quarts in the same 'month of 1947. Sales of fluid cream totalled 10,536 quarts as compared with 11,661 quarts in July, 1947. : Sales of cultured milk totalled 5,- 483 quarts as compared with 4,673 quarts in July a year ago; while sales of chocolate dairy drink were 13,698 quarts as against 14,913 quarts in the same month of last year. Total purchases of milk and cream by commercial dairies in this area for fluid sales amounted to 1,071,045 pounds of milk and 4,789 pounds of butter fat. / 4 UJ Before TL -- ® r ! a RY nin bps days iy TAXI DRIVER ROBBED Toronto, Sept, 23--(CP) -- Two gunmen Wednesday night held up taxi driver George Lott and rob- bed him of about $2. However Lott got his money back when he fol- lowed instructions to drive to a West-Toronto park. The thugs then drove off in the car. It was recovered several hours later. LO WELLAND ENGINEER DIES Welland, Sept. 23 -- (CP) Electrical Engineer Robert Wil- liam Scott, 61, died at his home Wednesday. He was former Manager of the Hydro Com- mission here. A ' native of South Africa, he is survived by his widow and two sons. hs Rd NAMED TO COMMITTEE St. Catharines, Sept. 23--(CP)-- Mrs. J, M. Graham Harkness of St. Catharines was chosen as a mem- ber of the planning committee se- lected by the American Hospital Association to direct the first Na- tional Conference of Women's Auxiliaries at Atlantic City, N.J, this week. I BOY KILLED BY TRUCK Missinabie, Sept. 23--(CP)-- Ernie Gilbert, five, was killed Wednesday by a backing truck when he fell off the back of the vehicle at this Northerm Ontario settlement between Chapleau and 'White River. Po- lice said two.other young chil- dren had been riding with him on the back of the truck. 'Complete Lack' Of Preparedness Shock To Aussies By 'LESLIE BRODIE Sydney, Australia, Sept. 23-- (CP) --With the east-west tension over the Berlin - deadlock increasing daily, Australians have been: shock- ed by charges of the country's complete lack of preparedness for another war emergency. In the Tasmanian House of Rep- resentatives, Liberal Member Char- les W. Falkinder, one of Australia's most decorated Pathfinder navi- gators during the war, described the state of the R.A.AF. as "pa- thetic.' Falkinder said 'Australia has only 84 operational aircraft which could be used as front-line machines in an emergency. R.A.AF., air crews transferred tothe reserve were not getting enough flying to keep them in touch with modern requirements, and the radar equipment now in use was obsolete. In Adelaide, South ~ Australia, Army Minister Cyril Chambers, re- plying to criticism of recruiting re- sults for the citizen military force, said Australia would be unable to equip men at a greater rate than the present intake of 700 weekly. The Citizen Military Force, a voluntary militia group, is to com- promise 50,000 men when recruiting is completed. "Even if Australia had 10 times its proposed post-war armed-force strength in uniform it would be im- possible to equip them with 'modern weapons and machines," he said. "This condition is not peculiar to Australia. "It is universal, and despite alarmist. claims about the Soviet Union 'the fact remains that most of the equipment the Russians have at the moment is obsolete." You'll like "Strollers", an entirely new cigarette tobacco with all the mellow flavour of long shredd- ° ed Virginia leaf at its very best. It's a top quality smoke, .and outstanding value. Give yourself a treat -- today! 5-18 Sust:scuy GIMME STROLLERS" Child Accidents Must Stop Let's all do everything we can to STOP CHILD ACCIDENTS During 1047, 2,230 children under 15 years of age were injured or killod in traffic secidents. In charts below: "INJURED": Each symbol stands for 10 children burt. "KILLED": Each aytol uivent a $520 ldlled by mui webicien ¢ Injured Crossing Intersection diagonally § -- labiesictiod (With Ontario Cannect Afford To Lose One Child How 132 children were killed and more than 2,000 injured in Ontario last year is shown in chart issued in tion with stepped-up campaign to cut down on all traffic accidents. Highways Minister George Doucett's appeal for concerted action is addressed principally to drivers, parents, civic leaders and teachers, Western Rumors State $500,000 Cash Found In Wreckage of Plane Edmonton, Sept. 23 -- (CP)--A strong contingent of police and air force officials today screened off an arid stretch of bushland hous- ing the five-year-old wreckage of a transport plane, as rumors persist- ed that there was half-a-million dollars in currency and gold bul- lion aboard. Air Force Headquarters in Wash- ington discounted the reports, merely confirming that the 11 bodies found with the plane were those of three Canadians and eight United States citizens, who went down in a U.S. Air Force transport Feb. 5, 1943, on a flight from Fort Nelson to Fort St. John, B.C. But stories kept trickling out of the northland that the plane had carried nearly $500,000 in gold and currency. The rumor, first heard shortly after the plane disappeared, was re-echoed by a United States hunter, newly returned from the area, who said: "Piles of currency" had been removed by officials in- vestigating the crash. The plane was 'found about five days ago in the Lake Tuchogdi region, about 45 minutes flying time from Fort Nelson, and 500 miles northwest of Edmonton. The finders were Johnny Bahne, an Indian trapper, and Bill Fallert of Yorktown, Ore, a member of a hunting party, guided by Bahne. Dr. W. H. Stevenson of Houston, Tex., said here Wednesday night that he was a member of a hunt- ing party that had been less than a mile from the scene of the wreck when the plane was found. He had not seen the plane but reported that a number of trappers who had come. to the area were being turned back from the vicinity of the wreck. He said investigators had brought log books and other data from the plane, establishing the identity of the crash victims. A casualty list issued after the plane crashed identified the Can- adians aboard as Paul Cote, medi- cal attendant of the U.S. Public Roads Administration, whose fathe er, William Cote, lives in Alberta, and Steve Kerluk and Peter Ukrai- netz of Insinger, Sask. Seven United States airmen and an American civilian were also aboard, Te Discuss Plans On Further Hunt For Missing Plane The Pas, Man, Sept. 23--(CP)-- Group Capt. Z. L. Leigh of Van- couver, directing the search for a United States Navy plane missing with five men aboard since Sept. 12, was scheduled to return here today from Churchill, Man., where he discussed plans for continuing the hunt. The plane, a twin-engine Beech- craft which carried two high-rank- ing naval officers was en route here from Hudson Bay port of Churchill, 450 miles to the north- east, when it disappeared. Since then, Canadian and Ameri- can aerial search forces have droned for mile after mile over the North- ern Manitoba = wilderness without finding a trace of the Beechcraft. Leads so far run down have proved {ruitless but the carefully-plotted search continues. Meantime, search headquarters here had no new developments to report. . A clue considered by search offie cials the most promising so far re- ceived fizzled out when a check of times showed the aircraft which John Whitford, an Indian of Skownan, said he saw Sept. 12 could not be the missing one. Skownan is about 100 miles south east of The Pas. Reports of lights or flares on the shore of Kississing Lake, 80 miles ° north of here, and the sighting of a flashing light near Skownan were found on investigation to be fruite less. Capt. Robert W. Stirling-Hamil- ton, naval adviser to the British High Commissioner's office, and Capt. Ben Scott Custer, Naval Ate tache to the U.S. Embassy, Ottawa, were aboard the Beechcraft. AT YOUR GROCER'S NOW! Wh 449° "Gentle Press" = TOMATO JUICE Fresh-From-The-Garden It's Libby's! Now you can stock up with Canada's most delicious, most popular tomato juice--Libby's delectable "Gentle Press"l Libby's new pack has just arrived at your grocer's, fresh-from-the- garden, sparkling with flavour, loaded with health-giving vitamins: Just a few days ago, Libby experts were out in the fields examining "their crop of prize tomatoes--thin-skinned, sweet-flavoured, heavy * with juice, the result of 36 years of expert seed selection. These were examined for flavour, for sugar content, for vitamin content. Libby's tomatoes are grown to Libby's exacting standards. When these selected beauties reached peak perfection, harvesters | moved out into the fields. As they filled their baskets with rosy ripe tomatoes, these were rushed to Libby's kitchens, washed, and pressed by Libby's famous patented "Gentle Press" process. Gently their fresh, sweet juice was extracted, a little salt added (nothing more), the tins were sealed and were on their way to your grocer. This ig why Libby's "Gentle Press" Tomato Juice is unsurpassed for freshness, for flavour, for vitamins--why Libby's is an excellent dietary source of vitamins A and C--good, and good for yoy! TPOS-48 Rich in flavour and health-giving vitamins, Libby's is one of the most economical fruit juices you can buy. The Libby habit is an economical, healthful one--for children and grown-ups too! 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