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"Indig is the source from which we x«may expect the main volume of gold to anplement the credit base, and there is precedent for expiectation of a considerâ€" able volume. During the period 1835â€" 1929 it is estimated that India absorbed 15 per cent., or 5348 million pounds sterling. With the increased buying power of gold, India‘s ability to contriâ€" bute to the monetary base is at the r®xoment most deserving of comment, #for her ability to contribute is apparâ€" ‘"‘The statisticilans have traced the wold that has gone into monetary and mmâ€"monsatry use over period of 90 years . Joseph Kitchin, an English monetary economist, hias complled a table of the consumption of new gold for the period 1835â€"1929, with the conâ€" eclusion that, broadly, about 55 per cent., of the supply of new gold within the period has been added to the stack of goid money. Ths remaining 45 per cemt. has gone into the industrial arts or has been ‘@absorbed by India, China, BFoypt and countries with wealth that have not taken kindly to banking sysâ€" vems. With gold‘s increased purchasâ€" me power, that golid devoted to nonâ€" xvonetary use is now findi into monetary organization ° Of _ N 110R XndG Bbe-isterummmemvementdidnocget here. Increased Purchasing Power / under way until after Septembor 21, Bringing Out Metal for Moneâ€" _ |1931, when the United Kingdom went tary TUTises, iofl the gold standard. * "Although India‘s portion of the Thom:on and McKinnn, New York| world‘s modern trade has been running Extock Exchange brokers, have publishâ€" | little better than three per cent., India ed an article entitled "Billions of Gs1d4," ; for the tenâ€"year period 1920â€"290 is creâ€" m which they draw attention to the | ai ted with having taken 25 per cent. of Â¥as, store cf go.d in India and conclud4é | theo world‘s output of new gold. wie gold is to be had if we but bid for it| © The question thus naturally arises in terms of the goods the Hindus want. , ‘ far have they the power to af- The article is written for the layman | fe commodxty prices? . How much ratner than the escteric few and is not gold do they possess? Of course no wruhout its touches of humour. ! one can give an exact answer, but Sir ‘The article follows in part: | Charles MacLeod has given a suggesâ€" "Some of our conclusions regarding ¢ti3n of an answer that almost staggers mmney matters would appear to have imagination. Sir Charles says: "Variâ€" arisen through failure to appreciate cus estimates have been maude as to ie different economic forces governâ€" | the amount of gold held in India, ing monetary gold and hard boiled eggs.| These vary from 5,600,000,000 paunds' There are, of course, forces which aftâ€" fect both alike. Bankers and railwayâ€"| amount, but it is Unpmslble to make‘ restaurateurs could readily think of ‘any proper estimate except that the them. The differences we have in mind ; sum must be an enormous one." True, mainly concern supply of material and, | Sir Charles is not a sober minded econâ€" more particularly, its convertibility and | omist; he is a banker. In fact, he is gurability. When an egg has been | chairman of the National Bank of Inâ€". scrambled, or even when poached, it is dia and ought to know something of quite definitely withdrawn from the| the Indian gold situation. His stateâ€". potential sup;ily of the boiling market; | ment was made at a general meeting in fact, eggs once converted to the satâ€"| c? the Bank in London on Thursday, istaction of one economic use can rarely | March 31. 1932. be reâ€"used to satisfy another one. It i3 different with gold, and s different that several ideas quite commonly held about the scarcity of gold for the wor‘ld‘s credit base will imave to be revisâ€" H.ilions of Gold in India and Elseâ€" here. Increased Purchasing Power Bringing Out Metal for Moneâ€" old is Finding Way Back from Holders Specialâ€"Midnight Show, Sunday, May I1st Preview Showingâ€"Maurice Chevalier in "ONE HOUR WITH YOU" WITH WINNIE LIGHTNER, CHAS. BUTTERWORTH, JOE SMITH AND CHARLES DALE Girls, Gags, Sights, Colour, Lights, Legs, Laughs, Laffs. Better than "Gold Diggers of Broadway‘"‘. Every boner of Broadway passes review in the glamorous, glorious, glittering "Manhattan Parade" ., Kat Cartoonâ€""HASHâ€"HOUSE BLUES "REVIEVZ" FOX MOVIETONE NEWS MIDNIGHT SHOW, FRIDAY, APRIL 28TH AT 11.30 P.M. WITH JEANETTE MACDONALD, GENEVIEVE TOBIN, CHARLES RUGG,LES® AND ROLAND YOUNG The joyâ€"maker supreme, prescribes love and laughter for all your troub‘!es in his newest, snapgiest, funniest picture Come Early if You Want a Good Seat For This One. Comedyâ€"*"SUMMER DAZE" PARAMOUNT sSOUND NEWS Don‘t Forget the Preview on this Picture Sunday Comedyâ€""TWENTY HORSES" WITH MIRIAM HOPKINS AND ROSE HOBART Special Attract‘onâ€""Maple Leafts vs, Canadiens (hockey game) Addedâ€"*THE RED ROBIN COMES ROBBINX ALONG" FOX MOVIETONE NEWS Midnight Show, Friday, May 6th, at 11.30 p.m. GOLDFIEL DS MATINEE DAILY AT 2.30 P.M. Eveningâ€"7.00 p.m. (continuous performance) Complete Change of Programme Every MONDAY WEDNESDAY FRIDAY WEDNESDNDAY and THT!RSDNDAYV. MAY WEDNES. and THURSDAY, APRIL 27â€"28 WITH FRANCES DEE, ROBERT AMES AND JULIETTE COMPTON FRIDAY and SATURDAY, APRIL 29â€"30 "MANHATTAN PARADE" T ALK I N G PICTURES AT THE THEATRES MONDAY AND TUEsDAYy. M€y 2â€"3 MAURICE CHEVALIER in FRIDAY AND SATURDAY, MAY 6â€"7 FREDRIC MARCH In WITH ELISSA LANDIT and LIONEL BARRYMORE Comedyâ€"Charlie Chase in "SKIP THE MALOO® Freg Cartoonâ€""VILLAGE SPECIALIST" M A C" 9â€"10â€""WAYX BACK HOME" 11â€"12â€""*LASCA OF THE RIO GRANDE® 16â€"17â€""HIGH PRESSURE" 18â€"19â€""S0B SISTER®" its way GEORGE BANCROFT in cub so much everlaâ€"ting talk. (This weuld have had double force if applied to the Dominion members). Brantforad Expositor:â€"The sessional indemnity of the Ontario members has besn reduced by $100. A still further cut might be salutary in causing memâ€" bers to transact public business withâ€" and banks of issue, which is estimated at a valuo of arcund eleven billion dolâ€" lars. Thus it seems reasonable to conâ€" clude that if‘the world‘s ecormomic deâ€" pression is to be lifted by the acquisiâ€" tion of monetary gold, that gold is to be had, if we but bid for it in terms of goods that the Hindus want. The thing is natural enough, We got into cur present depression by ‘breaking several of the laws governing trade, and more particularly by an artificial maintenance of prices; we have tried to get out of it by breaking a few more laws. Perhaps we should now return to economic law observance." sterling to a figure well over that amount, but it is impossible to make any proper estimate except that the sum must be an enormous one." True, Sir Charles is not sober minded econâ€" omist; he is a banker. In fact, he is chairman of the National Bank of Inâ€" di@za and ought to know something of the Indian gold situation. His stateâ€" ment was made at a general meeting cfi the Bank in London on Thursday, March 31, 1932. "The Hindus acquired their recent supplies of go‘d by ‘bidding for them in the world‘s opzn market. When these are added to the supplies inâ€" herited from ancient timses, the Hinâ€" uius now qpossess, according to Sir Charles, several times as much gold as there is in all the world‘s treasuries one can give an exact answer, but Sir Charles MacLeod has given a suggesâ€" tion of an answer that almost staggers imagination. Sir Charles says: "Variâ€" cus estimates have been maude as to the amount of gold held in India, These vary from 5,600,000,000 ytijunds ently even vaster than the vast sum mentioned in Mr. Kitchin‘s memorâ€" andum. The thing is no remote conâ€" tingency. TIiida‘s net exports of gold in 1931 are at 26 million pounds For Sure Results Try a Want Ad NEW EMPIRE _ The death of Mrs. Leake occurred on May 20th, 1931, at her home in Timâ€" mins. At one time she had lived with Mike Skakcon as his common law wife, but in December, 1930, she had him charged with assault and he left town, going to Rouyn. In May of last year he returned to Timnmins bringing with him his lawful wife and children. These he left at Mrs. Leake‘s, returnâ€" ing himself to Rouyn. Some days afâ€" ter he again came to Timmins and the evidence at the trial suggested that he and Mrs. Leake quarrelled. Accordin«s to the stoery told by his brother, Nick, Skakoon struck Mrs. Leake with a firitâ€" iron and this failing to kill her he us a knife on her. A knife wound in the head was fatal. Nick Skakoon went for the police when the quarrel seemed to become serious, When the police arâ€" rived at the house they found Mrs. Leake dead and Mike Skakoon suffering from a slight wound in the breast which he said was selfâ€"inflicted. Skakcon was taken to the hospital where h2 seemed to be anxious to tell his story. He made a full confession of the inciâ€" dents of the evening to the police. When this confession was brought beâ€" fore the court at Cochrane at the assizes in April ccounsel for the defence did not want it admitted into evidence in the form it was in, but the judge upâ€" held its inclusion. On the grounds of the admission of this confession, the appeal for a new tria; is apparently beâ€" ing ‘based. Skakoon was convicted at the assizes and sentenced by Mr. Jusâ€" tice Logie to be hanged on June 10th. Counsel for Man Sentenced to Hang for Murder at Timmins Applies for New Trial in Connection with Conâ€" fession. New Trial Now Being, Asked for Skakoon Comedyâ€"*"The Cannon Bail" The drama of girls who work for love and a living. specialtyâ€"*"Old Man Blues" Addedâ€"*"Screen Souvenit‘ Cartoonâ€"*"Dancing Fool." Spectacular Tides, crashing falls, barking guns and screaming bulâ€" lets put action and drama into Bob Steele‘s latest western, "South of Santa Fe." Midnight Show Preview, TUESDAY, APRIL 26th SHOWING ABOVE PROGRAMME WITH CHARLES (BUDDY) ROGERS, CHARLIE RUGGLES, PEGGY SHANNON, RICHARD BENNETT AND FRANCES DEE. Comedyâ€""COFFEE AND ASPIRIN"® FOX MOVIETONE NEWS screen Songâ€""JUST ONE MORE CHANCE" WITH JOHN BOWERS, ROBERT ELLIS AND BLANCHE MEHAFFEY SERIALâ€""BATTLING WITH BUFFALO BILL"â€"Ist Episode Mouse Cartoonâ€"*"Traffic Troubles" Pathe Seuund News Detective Storyâ€"*"*Self Condemned" Midnight Shoew Sunday, May 8thâ€"Showing Double Feature Proâ€" grammeâ€"Tom Keene in "Partners" and Tim McCoy in "Fighting Fool." MATINEE DAILY AT 2.30 P.M. Eveningâ€"7.00 p.m. (continuous performance) Complete Change of Programme Every MONDAY, WEDNESDAY and FRIDAY WEDNESDAY and THURSDAY, MAY 4â€"5 " WORKING GIRLS " WEDNES. and THURSDAY, APRIL 27â€"28 WITH PAUL LUKAS, JUDITH WOOD, CHARLES (Buddy) ROGERS, DOROTHY HALL AND STUART ERWINX FRIDAY and SATURDAY, APRIL 29â€"30 "THIS RECKLESS AGE" "FREIGHTERS OF DESTINY MONDAY AND TUESDAY, MAY 2 " MOUNTED FURY " FRIDAY AND SATURDAY, MAY 6â€"7 TQM KEENE " PARTNERS " BOB STEELE in "SOUTH OF SANTA FE" MAYX MA C MAY Whirring action and stirring Romance! 9â€"10â€""FIGHTING FOOL®" WOMAN BETWEEN 13â€"14â€"â€""THE GAY CABALLERO®" 16â€"17â€""GRAFT*" 18â€"19â€""PERSONAL MAID" 20â€"21â€"â€""THE BIG SHOT" DOUBLE FEATURE PROGRAMME THE PORCUPINE ADVANCE, TIMMINS, ONTARIO It is pointed out by the Income Tax Division that all unmarried persons in receipt of an income of $1500.00 or more, and all married persons in receipt of an income of $3,000.00 or more, are required to file income tax returns covâ€" ering the income had during the twelve months of the calendar year ended 31st December, 1931. Probably information in The Nationâ€" al Revenue Review, published by the Denartment of National Revenue at Ottawa, may be considered as official. Here is an article from, the current issue of The National Revenue Review in regard to fyling of income taxes. The article reads as follows:â€" This is income tax return time! _ While the budget is being discussed at Ottawa, the time for fyling income tax returns creeps on and after this week there will be penalties for those u10%; fyling their income tax returns in the cases required by law. In some other years advertisements were pubâ€" lished in the various daily and weekly papers instructing the people as to the need for fyling income tax returns. Up to this week no such advertisements have been published in the weekly press. Probably this is due to the Govâ€" erninent‘s economy plans but it looks like poor economy at that. This is a time when the generally are ‘cc‘zing for OFFICIAL information and ‘s is for this reason that regular adâ€" veriising by the Government has speâ€" clal value. is certainly unfair to ask the newspapers to publish and reâ€" publish the information in regard to such matters, but apart from this there i: the pfficial touch necessary to give such information the proper weight. In several of the Canadian provinc,s this year the fire ranging forces will be seriously reduced on the grounds of economy. The fire hazard cannot be predicted, and hence a call is being made by the Canadian Forestry Assoâ€" ciation to all patriotic citizens to exert the utmost vigilance this year and sup»â€" plement to the utmost degree the shortâ€" age of fire rangers. Porest fire preveâ€" ton for many years past has beon making great strides owing to t1> splendid coâ€"cperation of the pec ;> FORESTRY AsSSOCIATION AsKS C(Oâ€"OPERATION OF PA SLIC Corporations and Joint Stock Comâ€" Fox Movietone News Because the air holes permit of cooler running, the Seiberling Company has been able to build a thicker tread which, in addition to adding to the life of the tires, furnishes better cusâ€" hioning and therefore improves the riding qualities of any car equipped with air cooled tires. A further advanâ€" tage is that the air holes form a second antiâ€"skid tread which becomes effecâ€" tive just as the first tread is wearing off, and so antiâ€"skid contact with the road surface is available throughout the entire life of the tire. "Baldâ€" headedness," as it is called in the tire industry, or in other words a smooth condition with an absence of antiâ€"skid properties, :is absent with duoâ€"tread, airâ€"cooled tires. Since heat is the prime cause of disâ€" integration of rubber molecules and the consequent breaking down of rubber compound, it will be realized that anyâ€" thing done to lessen the heat of runâ€" ning will tend to lengthen the life of the tire. Tests conducted on these airâ€" cooled tires show that they operate with 30 degrees less heat than it the case with conventional tires. Sudbury Star:â€"The notion that Baâ€" con wrote Shakespeare started as far back as 1785, says a on critic, and was qriginated by a resident of Stratâ€" ford. Trust any old home town to be the first to doubt whether the local boy really made gord. Hamilton Spectator:â€"Now comes forâ€" ward a professor of the Orient Institute of the University® of Chicago to declare that the Hittites had the fiveâ€"day week 4,000 years ago. Maybe if he delved further he might discover there were some Striketes among the Hittites. The principle of air cooling was deâ€" veloped by Seiberling and consists of a series of holes punched laterally through the tread of the tire. Its efâ€" fect is to minimize the heat generated within the tire and to permit of greater tread thickness which results in easier riding. What is air cooling, and what are its advantages, are natural questions, of the car owners. Air cooling of tires, an exclusive and fully patented development of the Seiâ€" berling Rubber Co. of Canada, Limited, is the most radical development in the tire industry since the introduction of the balloon tire, states Ken Fitzpatrick of the Hyâ€"way Garage, lacal Seiberling dealers. Airâ€"Cooled Tires Prove Have Many Advantages It is repeated that returns of income must be filed on or before the 30th April. * In the case of a corporation, the reâ€" turn should be signed by the president, viceâ€"president, secretary, treasurer, or a director, or in the absence of these the signature of any responsible official such as the head bookkeeper or assisâ€" tant bookkeeper, ‘will be accepted. It should be noted in this connection that the taxpayer is required to file within thirty days thereafter a defiinite return to be substituted for the tentative return submitted. In case of inability to file a return owing to illâ€" ness or absence from the country, the department will accept a return of the taxpayer signed by some person aSs agent who is sufficiently familiar with the affairs to permit of discussion if necessary. The act provides tha; in the event of a return of income for 1931 being filed after the 30th April, 1932, a penalty of 5 per cent. of the amount of the tax, provided the penalty does not exceed $500 shall be assessed and collected. If for any reasom a taxpayer cannot file on or before the 30th April, he or she is advised to file a tentative return which should estimate the amount of tax payâ€" able, and such estimated tax should be forwarded by certified cheque, post office money order, or postal note, as already indicated. returns While the instalment method of payâ€" ment is prrmitted under the provisions of the act, any balance unpaid after the 30th April, 1932, is subject to interest at the rate of 6 per cent. per annum, and if the instaiments which are due on the 30th June, 3lst August and 31st October, are not promptly paid, there is an extra interest charge of 4 per cent. per annum. Consequently, every is recommended to pay their Payments should be made in favour of the Fieceiver General of Canada by cheque certified by the bank on which it is drawn, or by post office money order, or postal note. For obvious reaâ€" sons it is dangerous to send cash or currency with income tax returns. "‘he inspectors of income tax have enjeavoured to anticipate the requireâ€" monts of the public, and have placed w‘ it they dsem to be sufficlient forms w‘.‘h the postmasters throughout the câ€"untry. This is an added service of ths department as under the provisions the act the onus of obtaining forms and filing returns is entirely with the public. Every taxpayer is required to estimate the amount of the tax payable, and pay the tax at the tiine of filing the return with the district inspector of income Forin 'I‘ 1 by individuals other than farmers and ranchers. Form T. 1A by farmers and ranchers. Form T. 2 by corporations and joint stock companies. Any person who has not already done so may procure the necessary forms from the inspectors of income tax (bh=oughout the country. in full at the time of making their o o o o o o o o ) 1 e m e se s se se in n in in snn s h n *n o ooo s Ruatootnate 00.000?000"00000000009000000000000000000000000"000000.0"70000"00? Pnetvetests e i. *eets nataataat e ote at ate ataate adentants se ate aten®aatantantantaate atactenty rets c * «Tsl * s * * s s + As these are the only two cars I have on hand after the disposal of the auto business I have conducted in the past, I am prepared to give the best of terms for the sale of these cars, If you wish to trade a property for them, same can be arranged. 4 Cedar Street North 44 BRUCE AVENUE General Auto Repairs Body Work and Painting We will estimate a complete motor overhaul, painting and body repairs, Our prices are right and all work gnuaranteed. South Porcupine Peerless Coupe, with Rumble Seat THOUGHTFUL CARE AND DIGNITY CHARACTERIZE OUR SERVICE in splendid condition, upholstery in fine shape for only Also 1 Buick Sedan in running order The Towing Car is at Your Service (Most Upâ€"toâ€"date Garage in the Morth) Funeral DODirector EASY TERMS ARRANGED $395.00 T T M M TN Cheap at Thursd 81 THIRD AVENUE Phone 6 April 28th, 193; Phone 15