The Expositor from Brantford, Ontario, Canada • 12

TIIE EXPOSITOR RRANTFORD ONTARIO THURSDAY NOVEMBER 10 1938 1'AGK 12 MR AND MRS The Bargain Hunter DUKE OF WINDSOR SPEAKER AT BANQUET DEBT RETIREMENT EDITORIAL SUBJECT IN FINANCIAL POST 1 Thought You Luejse Lost Uihere'o You so? ITALY HITS AT JEWS AGAIN Further Measures of Repression Approved by Italian Cabinet Bur you Said you ONLy UmnTed a shave and youvk Been gone over AN HOUR Yeah Sign Said i Could have Shave hair cut shampoo AND MASSAGE ALL' FOE A DOLLAR I you BARBERS SAID HAVE To UAlTyoURTuRM? Nope SoT right in The chair but 1 had one of COMBINATIONS -t as 1 liters USiting ii I) ke rf Windsor' 1 tiiiiiiil Hide: where 'I f-- a re inn in 'i-e liniel I'rcioiie-i Duke 'i'ke 1 I to ns iivfnn and ex- el iixsda-'i acre ex- Letter From City Treasurer A Danby of Brantford Is Quoted about Me Buying- INGS I DOHT NEED! 1 1 iIk I 1 CHRISTMAS COMING SAYS POST OFFICE ROME Nov Thr I Milan Cabirr: tori ay tijivcvrrl a-ing decree law Mcliifirr: fm-n Ciovernmint poxliinnx ory ku resirirtiMf their bniiifes fexctoti forbidding ihrirr-s -l inn' 0 Aryan Ialians and 11: farnilv right The Cabinet daererx ai-pird at a meetimr prejidiJ over Ly Musxohni put inio rffer' rle racial policy ou'hncd by ih" I'anl-i Oran Council October Tlie decries de-lined a member of the Jcwi-h rare a any person: First both of whose parents uvrr i A letter from City Treasurer A Danby to the Editor of The Flnan-I eial Post on the subject of debt re-' tirement brought editorial reference I in that Journal today I Mr Danby writing that he had 1 read considerable satisfaction" a Post editorial entitled Debt" remarked that only recently executive of one of the banks pointed out to me that municipal bonds were becoming Increasingly popular because munlci- Mail Early Bulletins Are Out Dates of Australia Mailing MACKENZIE CALLS FOB DEFENSE COST dian people to do their duty and let tipns that may covet our resources nothing stand in the way of their our amenities of life our soil paying their own premiums on the I think it is time in this Domin-natlonal insurance" ion to take stock of our obligations In what was taken to be a refer-1 and of the conditions of the world ence to current controversies over that confronts us" the bounds of provincial and fedei xl Mr Mackenzie spoke gratefully of NEW MINERAL IS DISCOVERED Magnesium Brucite Is Found in Crystalline Limestone in Ontario a source of brucite are now being Investigated by the Bureau of Mines Magnesium minerals such as magnesite dolomite and brucite have come into greater demand in the past few years for the making of refractory products such as the linings of furnaces used for the melting of metals at high temperatures and as a source of magnesium metal Deposits of dolomite are abundant in many parts of Canada magnesite is found in British Columbia and deposits of magnestic dolomite are worked In Argenteull County Quebec But hitherto pure brucite which contains a higher percentage of magnesia than either magnesite or dolomite was not known to occur In this country Roosevelt's recent utterance about the United States "not idly by" if Canada were by an Invader and declared that the United States was neighbor nation that any ever possessed" Tii ix coming mall Jewish in rare even thou the oil-: rjryt- Muni arc out Bulletins at the panties were definitely committed spring did not praru-e Hie Jewish () hrve morning Miugested i to the retirement of their debentures religion that bib me houses mailing Christ- maturity The larger govern-I Fecund with one parent of the! llliis xolrli-r rireuiar cntxtoKiirs or menial bodies on the other hand Jewish race and the other of foreign nlrr printed matter applicable to either iiermittlng their debt to re- nationality I the Chrcimax xzasuii by 1 main stationary or ax Is generally Third whose mother wax Jcx 10 yrin all pojsfcip mli millings Itlie case Increasing same You may and whose father was unknown bt-rore the ruh bigiin have noticed Ontario municipalities Fourth born of parents oi I iiitrni mniiih will murk the dosing have reduced their total debt by TORONTO Nov A call to nationality either or wlimn is as vmie 70 millions during the past Canada to the premiums on Its Jewish race belongs to the Jewish fr fiii vixtraia nnd New Zramrul five years own imtur 1 are concerned November 28 will be tin- lnit date European continental religion Is a member of an Israelite community or otherwise lias own Insurance" In matters of Just wanted to commend you on i fense was issued yesterday by H011 this editorial because Inn Mackenzie Federal Minister of STOLE HIS THIEFPROOF MACHINE while there with lw k)t of rights within the Dominion lie hit at "petty sovereignties" as hindering national progress "I wonder If our social and economic progress Is being 1 tampered and starved by too many petty sovereignties within the country In Canada there is really only one sovereignty and that is the will of the Canadian people" he asserted SrEAKS WITH KNOWLEDGE speak out of a knowledge of the needs of the he added I say that a time will come! in this country when petty sovereign ties are no longer allowed to stand in the path of Warning that Canadian soil and natural resources figure prominently tlie dreams of millions of people in authoritarian lands" he declared: "Surely we have a duty to see that we do not become a prey to any 11a- the truck the President standing threatened finest country SOMEONE Michael employee he reported police The new equipped of alarms go off OTTAWA Nov Possibility of a new mineral being added to the list of those now produced In Canada is foreseen by Government officials as a result of the recent discovery by Goudge of the Bureau of Mines Department of Mines and Resources that certain large deposits of crystalline limestone at Rutherglen In Northern Ontario and Bryson in the Pontiac district of Quebec contain from 20 to 40 per cent of a magnesium mineral known as brucite The commercial aspects of these deposits as mani-lexted Hebrewism The decrees exempted ns non-Jewish those born of parents oi Italian nationality only one of whom belongs to the Jewish race If bs of October 1 1938 they practised a religion other than Jewish NEW OFFICEBSFOR ST JOSEPH'S YP PHILADELPHIA Nov Mullen protective agency looked a bit sheepish as the theft of his truck to reason: It was a brand thlrf-proaf machine he said with an elaborate system that to when anyone laid a hand on Addressing a Kiwanis Club luncheon at the Royal York Hotel which was followed by a Remembrance service the Minister of Defense declared: say with some responsibility that despite our great friendship with the United States and our place in tlie British Empire there is an obligation cast upon the Cana POCKETS FOR EARS WASHINGTON Nov (AP)-No cocker spaniel need get tired dragging his ears around any more A patent was issued today to Ruth McCaleb of Evanston 111 for a pair of pockets to hang over the dog's head and carry his ears for him municipal tax rates and criticism of municipal governments the fact li-ine Mariniiaur Brazil generally speaking bipe Martinique coi moia Brazii municipgjitJwi llave kfpl their financial houses In order This demonstrates that our Bystem of municipal government is not as bad as some parties would have us believe "I am particularly interested in tlie trend of municipal debt as I happen to be tlie Canadian director of the Municipal Finance Officers' Association of the United States and Canada I agree with you that while lower taxes are desirable the surest way to reduce taxes is to reduce the outstanding EDITORIAL REFERENCE The Financial Poet editorial in tilts week's Issue supplementing its previous reference and alluding to WINDSOR Ont Nov lO-(CP) Windsor polire xaid today they believed a man who was reported to Henry Neziol Head of 0 Other Members of Executive have entered a Los Angeles police Mr Danby 1 letter reads as follows: Save Trouble! Cut Fuel Costs Henry Neziol presided over ill weekly meeting of the St Joseph's Church CY held last evening and during the business period some Interesting plans for future activities were revealed A large and enthusiastic number of members altended the session which was featured by the election of the following officers: Prexidrnt Henry Neslol Vice-President Miss Wiacck Secretary Miss Josephine Manese: Treasurer Stephen Ko-kulxkl Rev Father Tarasiuk assisted in the program The latter part of the evening was spent in dancing station to lerfrn hlx identity was Herbert A Webster 28 of Windsor Polire liere luul received no report that Webster was missing but they believed that articles used by Los Angeles jiollce to identify tlie man showed he was the son of Harry Webster Windsor Assessment Commissioner The man apparently was a vlrtim of amnesia Pullers in his pockets bore tlie name Herbert A Webster 28 of 1124 Ouellette Ave Windsor WINTER IS COMING You have probably bought your winter clothes and your coal But what about your car? Is it still carrying heavy summer grease and oils that will thicken at the first cold snap and cause costly repairs? Will your battery START your car on the first cold morning? Drive in tomorrow an ounce of prevention you know- SEE THE GENUINE FORD HOT AIR HEATER AIR-CONDITIONER and DEFROSTER Municipal governments in Canada are Junior organizations in the governmental set-up Yet they can teach their seniors the Dominion and the Provinces a few ltasons in sound finance Dominion makes practically no provision for retirement of debt The Provinces have sinking funds but in every case they are far below requirements Provincial taxpayers are paying Interest on a heavy deadweight debt on this page appears a letter from A Danby City Treasurer Brantford Ont He points out municipal braids are becoming increasingly popular with investors because municipalities provide for debt retirement "It is time Governments in Canada realised sinking fund provisions are an ordinary charge of government in the same way that Interest charges are Non-provision of sinking funds by Governments is comparable with a corporation making no provision for depreciation the present time a Government may Issue bonds In order to flnancc payment of highways No the debt and at the end of 20 yean provision is made fra retirement of it may be necessary to replace the pavement Bonds are issued to finance the replacement and taxpayers pay interest on a debt greatly Li excess of the value of the assets it represents "Few people realize the extent to which debt charges are responsible for tlie high level of taxation in this country In the case of the Dominion Government Interest charges total 25 of all expenditures With some of the provinces the percentage is even higher Unless provision is made to reduce the amount required for Interest by debt retirement It will be difficult for governments to reduce taxation is unfortunate the Fathers of Confederation in drawing up the 1 BNA Act did not make it a constitutional responsibility fra all Canadian governments to provide proper sinking funds for debt They of course did not envision a burden of debt such as we have today But limitation of borrowing powers and statutory sinking fund requirements would have been a good thing or the provinces Just as it has been for the municipalities "This is apparent from the experience of Western Canada If th? western provinces had made proper 1 provision fra retirement of debt the crisis in Western Canada during the past depression would certainly have been less severe It Is even possible I If they had taken advantage of pros-' pe rous years to retire debt out of i surpluses as well as set aside slnk-! lng funds there would have been no major crisis in western provincial finance LET US CHECK YOUR CAR And FOOL OLD MAN WINTER A proper check-up now can quite possibly save you a lot of grief and expense later on Winter Lubrication Batteries Charged Heaters Installed Brakes Lined Adjusted Radiators Filled 9 Ignition Service Motor Tune-up Greasing Service Wheel Alignment Expert Repairing NO PLAY-OFF IF WESTERNS WIN Dr Howard Crocker States Not Fair to Faculty or Students Master Mechanics Modern Scientifically Accurate Equipment Ford Factory Standards No guess-work on your car at Forbes Bros Expert mechanics working with the most modern machinery condition your car from bumper to bumper for winter driving Our complete motor tune-up includes plugs adjusting carburetor checking generator cleaning fuel pump points and all ignition parts checking water hose connections etc And every job must th Ford Laboratory Test set the magic eye that THOROUGHNESS is our motto THERE WILL BE A FOR WINTER SERVICE SOON GET THE BEST SERVICE NOW! FORBES BR DARLING ST FROM QUEEN BBRANTFORD PHONE 3020 We Sell We Serve" FORD MERCURY AND LINCOLN DEALER nmi'IHTiW Prove in your own furnace why this outstanding trade-ited fuel has won the unqualified confidence of over 100000 ladian homeowners 'blue coal' is positively the world's finest he cofourguorontees th quality Order 'blue coal' today GIBSON COAL CO (Brantford) ITU PHONE 39K JOHN MANN SONS FIIONE DO LONDON Ont Nov 10 There will be no chance cf the University of Western Ontario Mustangs competing In Canadian football play-oils if the Western team should happen to win the intercollegiate title it wax announced by Howard Crocker Director of Physical Education today Mr Crocker explained that the University of Western Ontario the University of Toronto and McGill are the three members of the Intercollegiate Union who disapprove of the college champions participating in competitions for tlie national title once the intercollegiate season is ended Queen's University Kingston is tlie only member of that Union that lias an elastic policy regarding play-offs do not consider it fair to the zludenu and the faculty in enlarge the football playing season beyond llie bounds of intprrollegiaie competition" Mr Crocker said.