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THE GEORGE :TAYLOR HARDWARES C nmtIMMINGS PHANDPC 1 IMTTETD) e y i al L o $ § The gifts that give pleasure every day Was Canada Wise in the Recent Financial Crisis? Or Was the Australian Plan the Better Method to Use in Mecting the Situation that Faced All Countries. Interâ€" esting Discussion from Western Standpoint. ‘IMMINS PHONES 300â€" 301 1601â€"1602 10 Months to Pay â€" No Interest Charged . not only now ‘out for years to come. _ All Norge Appliances are designed to reduce the work of home managementto a minimum. Modern in style, they will add beauty and distinetion to any kitchen. Happy indeed, will be your wife or mcother when she sees her new Norge, range, refrigerator or washer on Christmas morning. Consider these Norge feaâ€" tures before buying a Refrigerator. REFRIGE R A T OR PAYS FOR ITSELEF WITH THE FOOD IT SAVES Delivery anytime â€" Christmas Eve if You Wish CONVENTIENCE ACCESSIBILITY sMART MODERNX STYLING MECHANICAL EXCELLENCE NORGE QUALITY DESIGNED BY WOMEN ECONOMICAL ROLLATOR QOPERATION LOW TNTTTAL COST of Atastralia, Argenâ€" y Zealand depreciated in British pound during the d thus permitted exportâ€" a favourable basis their mutton, biitter, tsheese mary products. The dolâ€" 1J NC > time appre=| pounds and or Canadian timber and| 1i the Umted' uct?s in the 20.â€"<iBy Ait oods in the and conseqtuent change, which the foreign pric ada the ncertned As this foreign p Time is money to housewives as well as business men, and no one will deny that clothes are a big part of the budget. You can save on both with Norge home laundry equipment through the fast. gentle help these appliances give. The Norge Autobuilt Washer has many advanced features, but more important is its remarkable construction that is engiâ€" ncered for years and years of carefree service. Even oiling and greasing are not required for at least five years of averâ€" age hnome use. Before deciding on any washer you owe it to yourself to see the new Norge at Tavlor‘s. abroad. and F ith. tho orri Norge Autobuilt Washers mu? 1im in Car pal Norge presents perfected elecâ€" tric cooking! New, advanced deâ€" sign in full sixâ€"side oven insulaâ€" tion, hizhâ€"power elements for greater cocking speed, and simâ€" plified construction in every detail make the Norge Electric Range idGeal for your kitchen and cookâ€" ing requirements. Never has a range been more easy to care for. All racks, guides, shelves, the oven bottoms, even the outside control for adjusting the broiler can be removed for pan washing. Broiling is done in a separate compartment with a highâ€"powered clement just above the meat to cook it quickly and retain all i:s delicious flavor. The oven is unusually large, of oneâ€" pisce construction. Compare the new Norge Elecâ€" tric Range with any you have ever seen and you‘ll want to own one. The new standard of comâ€" parison is Norge. By all means see the Norge before you buy. 1923 England got her supplies o from abroad at an average pric terling about 45 per cent. of th. » before the depression. This lov t waAas on in British of This lov In "always assuming no change in ' the British price forâ€" wheat under such supposed conditions, it is necessary to lassume that the Liverpool or other British buyers would not seize any available change to force a lower and therefore more favourable price (from their standpoint as buyers). It is i necessary also to assume that Argentine, ' Australia and New Zealandâ€"obliged to isell their cropsâ€"would not have gone i Etill lower. The greatest skill in exâ€" Would British buyers have taken more wheat than they did if Canada had depreriated her currency? As it was they bought all they needed. Therefore, some body of exporters would have sold less. I agree that the sufferers would have been the Argenâ€" tiin and Australian exporters of wheat unless they maintained their former change juggling could not change the basic price factor that there was a huge cverhanging wheat surplus, that conâ€" tinental countries were trying selfâ€" sufficiency, and therefore shutting out wheat and flour from Canada and elsewhere, and that a maze of tariff. exchange and quota restrictions were preventing the flow of trade which would have made possible a larger outâ€" ward flow of wheat and repayment in goods. Would British Buyers Have Taken More ‘Wheat? Sscond, importers, in paying more | Canadian money for goods they imâ€" port, the brief itself states, ‘may be said to contribute in large part" the additional funds received by exporters. | _ Third, taxâ€"payers would have to proâ€" | vide the wherewithal for the Dominion Eto maintain for an irdefinite period a of buying foreign funds in sufâ€" ficient volumes to keep the Canadian dollar at a discount in so far as imâ€" pcorters did not provide the extra funds by their buying. On the first unfavourable factor all :will agreeâ€"though Australia offset it by refundirg Operations which placed all public debt at lower interest rates. On the second point all will agree | with the very important exception that | the raised price in Canada on imports | may be prohibitive to the Canadian imâ€" I porter, who therefore doss without or i buys locally. The prics of imported |units may be higher, but the actual actual exports as a result of Britis peunds being exchangeable under t supposed conditions into 25 per cen more Canadian dollars But the brid adds the significant words, "always as suming that such action would hayv had no effeéect on the sterling price Cc wheat." tctal paid for imports may decvlinge, and that would mean a loss to the grain exporter becauseâ€"according to good, cld crthodox ecoromyâ€"it is imports of goods and services which largely pay fcr exports. So, for an apparent gain, the Westerner might in this case be suffering a real invisible loss. Supposing Canada Did Follow Australia Would the Prairie farmers actually have received $47 millions more annuâ€" ally for the grain they did export if the Canadian exchange had been deâ€" preziated 25 per cent., as was the Australian? The Manitoba brief gets that extra $47 millions annually by calcu‘lating a 25 per cent. increase on actual exports as a result of British iA Uiiilyg â€" UIAI€ CjJCIGU UIIGCP TECVIEW DYV the Manitoba brief a Westerner from Alberta, Right Hon. R. B. Bennett. was premier of Canada. It is to be preâ€" sumed that he was fully seized of the Western case and if monetary depreâ€" ciation could have been put into with only good results for the West, it would have been. The case for followâ€" ing Australia‘s example was ably adâ€" vanced many times in Parliament durâ€" ing this time. Why did Canada nct take the easy way taken by Argentina, Australia and New â€"Zealand? There must have been good if not sufficient reasons. Let us answer that question in part with another question, what would have been the unfavourable results, if any, of aligning the Canadian dollar with the Australian pound? I see three offâ€" hand: First, governments and municiâ€" palities would have had to find more money to pay principal and interest on their foreign debt. That scunds like a strong case so but there is another side. What Is the Other Side of Case? During the periocd under review the Manitoba brief a Westerner f1 Alberta, Right Hon. R. B. Bennett. | Ernest A. Simpson, the London shin broker who was divorcea py the then Mrs. Wallis Warfield Simpson so that she could marry the Duke o( Windsor, and his new bride, Mrs. Mary Kirk Raffray, childhood chium of the exâ€"Mrs. Simpson at Baltimore. â€" The wedding ‘took place at Fairâ€" field, Conn, Nov. 18 They‘re shown after the nuptials importers, in paying more money for goods they imâ€" brief itself states, ‘may beo MK. and MKS. ERNEST A sSIMPSON exception that da on imports Canadian imâ€" es without or of â€" imported *‘ the cent. brief 18â€" B stayed ciating, British , I ngoret | ducts o Chicago Daily News:â€"The slipper, the shingle and the barrelâ€"stave beâ€" long to the vanishing era of disciplinâ€" ary theory and practice. There are times when one regrets the fact. In the hands of coolly deliberate and not unkindly authority they had their value. It may be questioned whether any effective substitutes have been found for them. that the interests of the exporter| i should be uppermost rather than mere 3 debt service. The latter is important,| , but the former is more important." He had a lot more to say which will | be saved until another dayv. | | Prof. Alvin H. Hansen, Ph.D., of Harâ€" vard University, and these men "gave mary helpful suggestions." _ _With such cutstanding collaborators the submission is a very able one. Its twentyâ€"four textual tables, and its fourteen appendix tables illustrate the ivaricus points made most completely. [ They show what actually hnappened, but they still leave me unconvinced, and I think many cthers will be unâ€" ccnvirced that a different monetary policy would necessarily have benefitâ€" }ted the Westerner materially. . I think a dollar delibsrately depreâ€" cilated externally below its real value | would not have besn a permanent benâ€" Iefit. One has only to read the rezcord of competition in currency depreciation amonsg the large nations to see that | benefits so obtained were lost as soon advantage by means of a still further depreciation of currency.. If they did now . so depreciate again and again as Canada depreciated, there would be available at competitive prices more wheat than world buyers wanted. and that always can only mean lower prices. That situation might, indeed, have disâ€" couraged producers of wheat all over the world, and so have brought price restoration quicker as the supply dropâ€" ped, but that is not the advantage of depreciation here quoted. Reductio ad Absurdum and Back Again The section of the Manitoba brief with refsrence to Federal monetary policy is the work of Prof. A. R. Upâ€" gren, Ph.D., econsmist of the University of Minnescta, ard a note states that assistance was given him by Prof. H. C. Grant, Ph.D., economist of the Uniâ€" versity of Manitooa. The manuscript was read by Prof. Jazob Viner, Ph.D., of the University of Chicago and by ve the life of Riley." Stable Exchange Is Western Need Such a reductio ad absurdum does t fairly represent the views of the thors of this submission. I asked ofessor Upgren if he did not agree ther ticall y er adopted the same policy. ally, if the BRritish pound et" and others kept Gdepreâ€" time would come when the ould eventually buy the proâ€" the rest of the world for a ind everybody on the islands among the chief ; nations of the al to aim at. He 10t help but do, _ SALE HOME BAKING ""1f1 someone GCGid for it to run 0 happen?" she asl thermore she de band was not adc that one or two to his head.; â€" S was pres against drawn fr that her since he mechanic get out The jury cidental de; Connell, the was presen! that McConnell in good humout she had noticed asserted that he for it and had d at her home. H house 11.20 and house 11.20 The other t was being filled. Mrs. McConnell‘s sisterâ€"inâ€" his calling on her and COoroner dwf cn the possibility ol from both Russell they had "had a bc "shot" of Scotch on and anoter "shot" The truck had to be moved for exâ€" trication of the body which was conveyâ€" ed to Darby‘s morgue. The opinion was expressed by the police that as the victim could not possibly nave fallen in such a position, he had crawled unâ€" der the truck to examine something and it had moved while he was there. As the accidenrt happened outside of the Rouyn limits the case was turned cver to Stafftâ€"Sergt. Morel of the proâ€" vincial police who testified at the inâ€" quest held by Coroner G. A. Rioux at Darby‘s Undertaking Parlors the same nigzht. Rouyn, Ds:. 1.â€"With his shoulder crushed under the left rear wheel and his body virtually breaking the course of his twoâ€"ton truck into the ditch, Richard Daniel McConnell of Kirkland Lake, age 27, was found on the Chemâ€" inis highway, about a mile out of Rouyn, at around 8 o‘clock Friday morning, where he had apparently lain dead for several hours. The truck was on its way to Kirklard Lake. stable Larc of the fat: truck on th pointing i1 Man Crushed Under Truck on Highway aS Kirkland Lake Driver Meets Death in Mysterious Way. LAAA 1im ler.~ . he w Auspices Ladies Guild of St. Matthew‘s Church WILL BBE HELD AT THE HOME GF cOur PHONE 212 Optometrical Department Eyesight Specialist at Your Service EVENINGS BÂ¥ APPOINTMENT of the. ( om thi C‘ Anush She also cab door while tha 10 Fourth Avenue WEDNESDAY, DECEMBER STH. 16 evidentc?, pC nd had , that he w is not likely ruck and li« afe for him “l t in a verdict of acâ€" er which Mrs. Mcâ€" f the deceased who e inquest protested ‘lusions that were idence, pointing out had been driving hat he was a goodl not likely he would ck and lie under it > for him to do so. 0t start the truck r him, how did It d the coroner. Furâ€" ired that her husâ€" ted to drinking and rinks would not go also asked how it LhE whi liau Along with tinsel, holly and lighted trsees has come the custom of gifts from Halperin‘s. With wha give for the shser joy of giving . . . with those who give the unusual . . . gifts ol lasting beauty. Halperin‘s have the reputz_ion of dependability and unmatched quality. And as usual at this timée, we‘re ready with numjerâ€" less unusual assortments of diamonds, crystal china, silverware, timeâ€"pigces and hos‘s of other delightful things. at some length juor and elicited Laderoute that : of beer" and a Macamit Road le the gas tank Stellena Jessup, aw testified to while admitting rid had a drink none the worse a bottle of beer arrived at her ribhout midnight. es also asserted ; intoxicated but Mrs. H. Bayne as closed afâ€" was asserted t must have From 3 p.m. to 6 p.m . Halperin been closed later for police arrived at first open, and there was wat from the wet weather 01 SBudbury Star:â€"Bur are almost as common transâ€"Atlantic â€" fliers Lindbergh era. JvUall vN@ndier, ns pariners sis showed rare pluck and cleverness helping the escape of Jim Weston, he then was called. With a baronet and a fortune actompanying it, t] was James Weston, or Sir James Chi notke, hears that Joan needs his a In gratitude he dares danger of arri or violence from old enemies and : turns to seek Joan. His fiance, a other plucky girl, accompanies him, a then all sorts of complications ens: Yes, you guessed it! He found Jo and he found also that he loved h had always loved. You guessed th but can you guess the restâ€"just h it all turned out happily and roma tically? Read the opening chapters the new serial being published by T Advance. It is called, ‘Second Ti West." It is a thrilling story of adve ture and romance in two hemispher The author, T. C. Bridges, is noted 1 the way his stories hold interest a: attertion. There is action in eve chapter, and it all makes pleasa reading. Start at the very start. The is a first instalment of generous si in this issue, and similar instalmen will follow in each succeeding issue The Advance. Hundreds were deligh ed with the serial just concluded; th will be equally well pleased with "Se ond Time West." Sir James Chernocke was : a murder charge in New M« had gone to the assistance cf partner who was being "fran "rustling" charge, and in t that took place the baronet ( was not ther a baronet) Joan Chandler, his partne 4000800000000 08600808 808q 0 Baronet Grateful â€"to Girl Who Helped Sir James Chernocke Faced Chance of Arrest for Murâ€" der to Seek Girl who Aided Escape. 00 In the Afternoon French and Italian will be Spok*n In the Eveningâ€"English at 8$.00 p.m All Candidates are Invited to Speak,. Goldfields Theatre Sun., Dec. 5th HOMER GAUTHIE] * Election Rally Invites You to Burwa his ranct imed" on :; the battle (though h vanted on exico. He his ranch T‘im Of 111