PRINCE
[VOL. 16, No. 16
PRINCE GEORGE, B. C:' THURSDAY, APRIL 19, 1934
Five Cento
peneral Hornby
Making Progress If with Settlement
Government Committed Ho Elimination of the 50-50 Contribution Clause
FOREIGN BOND-HOLDERS WILL BE DENIED ACCESS TO B. C. COURTS
Khis proved obstacle
|�mencUng Bill has Been Given I Second Reading in British House of Commons
Vancouver, April 18�Attorney-General Sloan made a significant statement yesterday' which indicates the intention of the provincial government to proceed with the compulsory conversion of the bonded indebtedness of the province. Speaking before members of the board of trade the attorney-general not only intimated the g vernnient's intention to proceed with the conversion but stated clearly that bond-holders not resident in Canada, who refused to accept. the government's offer of conversion, will not be permitted to take their case into the B. C. courts. They are to have but one cption. If they .will not convert, their bonds: will be retired forthwith.
will
Canada's Deficit For the Year was $135,000,
^Brigadier-General M. L. Hornby is �$pt:mistic as to the future of the tlement plan he has submitted .o | British government, and confident; soon have the necessary finan- j backing of the imperial authorities. ' J s all the Hornby project requires win for it the endorsation of the \ eral Canadian provinces. Canada. British settlers. There Is ever};, to believe that under the! by plan they could be success-
y established upon the land, but _____
trie present neither the federal nor -
ivincial governments feel justified Marked Increase in Trade or the financing the cost of settlement. p. .v. .. . .
en General Hornby is in a position Dominion as Well as in the^ show trie imperial government has j Employment Offered
e provision for financing Irs set- r ' _____
ent the endorsation of federal and � "
.cial government in Canada will GOLD OUTPuT/IS TAXED w as a matter of course.
iexe is no question as to the in- Lcvy \yill ^e Value in Excess of tere.t General Hornby has aroused in (i-3K.^A j c l
;Oreat. Brita'n. Nearly cne-half of the, �3 5 an Ounce and base the members of the British house of com- ' Tax on Sugar
inons subscribed their names as sup- " b
parting the resolution as first submit- | ottawa A],vn i8_-oanada is on Uio ted This resolution was not adopted | roid to be-,ter Vmes- is the message tn the form in which :.t was submitted. wmch Hon E N Rhodes souger>ple of the dominion parliament, to the policy of settling. in pi-gggnung his annual budget in jL i h dion and
Great Britain is � Heartened with National Budget
Chancellor Shows Surplus For
The Past Fiscal Year of
#200,000,000
TURNING OF THE TIDE
GOVERNMENT'S RELIEF LEGISLATION GIVEN 46 MAJORITY IN COMMONS
Wage Cuts are Restored, Relief
Payments Advanced and Tax
on Income Reduced
parlia p in pigggnung his annual budget in
British sujecLs in the dominions and : the house of commons today, Tne do_ colonies, and instnicted the govern- | flcit on the yea]..s operat,iom was given ment to open negotiations with trie I by the mople of the empire and | vious year The tWQ major contribut_ *ie stimulation of shipping and trade ing causes of tne def;Cit remain the _lder the flag. _ \ j-ame�unemployment relief and the
[.Since the debate on this-first reso- . deficic in connec*ion with the C.N.R. tion on January 31st there was a ^^^ Jg tQ be nQ decrea�e in taxation;
rther debate on February 14th n ; The tax of uvo cents per 1X)unrt upon"
subject of empire development and ; sugar) which caused s0 much dissen. tion, and on this as on the iirst, sion when it was {im imp0-.ed is to
were 1>(> rcduced lo a tax of one cent
London, April 17�The presentation of the budget today was the cause of more rejofcing throughout the capital than any other single happening since �the 'signing of the armistice. It/was heralded as the sunshine budgets "which marked the turn in the tide,of business ! depression and enough .of its contents J had been guessed tojput the populace , in good spirits. Thousands of people \ lined the way--from No. 10 Downing Street, to the parliament buildings to greet the^'chancellor Neville Chamber -| lamia's he made his way to parlia-! merit and he was accorded a great ova-} t:on. The demonstration broke ; again in the house when the chancel i lor aroje to present his message. It ! was a budget in which there were no | disappointments, the realization being just a little better than the expectations. The surplus was a little better than was expected and in addi'ion ^o ! the restoration of wage cuts and increase in the relief payments there was announced a reduction of 6d in the pound in the income tax. The j chancellor's announcement relieved a ' strain under which members of the j house had been for the pa.st two years. i and Labor members who the night J before had been making a bitter attack j joined in the cheering.
In connection with the failure of i the chancellor to make any provision , for payment, in connection with the ; war debt due to the United States it ; Ls explained this will not prevent Great j Britain from making a token pay-i ment- as was done in December last j as an acknowledgment of the debt. . With respect to the war debt, however, I the position taken by the public men i of the na'ion 's that so long as the
Ottawa, April 18�^Premier Bennett's bill to continue unemployment relief was given its second reading: in the commons last night when the bill secured a majority of 46. Mackenzie King continued his fight against the special powers granted to the premier under the legislation, but made no headway. The house will now proceed with the discussion of the Marketing1 Act This legislation is framed after the British Marketing Act and has been hailed' with much pleasure by the farmer members of the commons. It invites co-operation on the part of the provinces and is expected to be put into effect in time to regulate the marketing of this year's fruit crop in British Columbia which has been badly disorganized.
French Veterans Refuse to Accept Cut in Pensions
Railway Employees Will Make
Strenuous Opposition to
Wage Reductions
France Approaching Fateful 1st
of May with Prospect of
Nation-Wide Strike
Prince Rupert Cannot Meet Its
Paris, April 16�Premier Gastor* Doumergue is facing the most serious difficulty in his career in liis efforts to balance the French budget. With a deficit of at least. 4,500,000,000 francs on last year's budget and with revenues nearly 600,000.000 francs below the estimates on the first two months i of this year, France is trying desper-I ately to cut her coat according to her j clo'.h. The government has reduced j costs 2.500.000,000 francs by rcdue'ng ! civil servants' pay. by cutting admin-[ is'rafcion estimates and by reducing by j 10 per cent the number of its 800,000 : functionaries.
This retrenchment was not accom-i pli.shed without much trouble but there
i out I Commisioner Alder Proposes a I remained two more bridges for the ancel- I ^ T i aged premier to cro.:v.. He ,had to in-
"^ ' x ' ' duce the war veterans to accept pen-
sion cuts and the large army of rail-
;es
Cut in Debenture Interest to Four Per Cent
THIS OFFERS WAY OUT
way employees to consent to heavy cuts in their wages. The premier sought to play upon the patriotism of the veterans to accept the cut in i
� ,-, u . � r> w/ ! pensions so that the budget might be
Tax Collections in Rupert Were Lbalanced and the franc kept, upon the:
Much Better in 193 3 Than gold standard, but he did not have
j p . ^ much success. The railway employees
in Prince Vjeorge are reported as strongly resenting the
------- .suggested reduction in their wages, and
City Commissioner W. J. Alder, of prance ^ another . week nearer the Prince Rupert, issued his annual state- fateful May 1st with the threatened
cial operations of Prince Rupert for the vear 1933.
may upset the Republican system of
In connection with his re- \ government; nearer and "no better pre-port Commissioner Alder makes a sug- pared to meet the situafon and avoid gestion which will doubtless startle j bloodshed. v
the holders of Prince Rupert debentures. The outstanding debentures of ,the city approximate $1,843,518. and the
members of parliament
interest rate due under them ranges from five to seven per cent. The commissioner's suggested solution for the financial difficulties of Prince
The industrial .citua'ion is a cause for grave concern. The:e is faid to have been a deficit of ten million francs en ' last year's trade and a strong leeling has developed among the farmers for a depreciafon of the franc. This is perhaps the chief dif-
Rupert is that the, debenture holders ficulty of the minister of"finance in agree to accept a flat rate of interest | h f
�"��� \�------- -- '------ i/f reduced to a tax of one cent.
sured the secretary of state for the ; bu(. lQ maintain the government reve-minions would shortly get in touch j nU�i. there Ls to hc & tftx of ]0 � r tth the dominions on the questioni. , cent upon a perCentage of the gold view of this favorable development output> which is expected to ueld as sneral Hornby suggests a responsive , much O1. niore than the remission of 9�^sture on thc part of members of the : cne ceu, jn lhe sugar te The ''Canadian parliament would afford on- farfjf scnedules on Brit'sh imports are couragement to those in England who , redl)Ced by 50 . cent to promote are pressing for early action on the j trade between Canada andche United part of the imperial authorities.
come due. This maximum of the
p
General Hornby's plan h?s been put forward as a desirable substitute for le Emp're Settlement Act cf 1922. Tnder this enactment the British par-
Kingdom. There are no reductions made (jfn income taxaition. and tjhe sales tax is left as it was. at 6 per cent. As an evidence of the progress made toward business recovery the minister
cnt made provision for the finding , said the trade of the dominion nad �3.000.000 per annum, for a period , ^creased by more than $100,000,000 fifteen years. Since its enactment ; dur^g the year and that cmpioyment - legislation provided for the find- ; had been f^und for 225 000 additional
5rf;..^3tS??l??�-^.??feSfm^LPi15; I Persons. On the budget for the ensuing year he predicted a surplus of $9.-000.000. which if secured will mean rapid progress along the road to bu;i-
ses, but by reason of the fact tne lominions were required to find dollar dollar with the British government
ut �7,500,000 of the amount rendered
va liable was expended. As the result
this experience a bill has been sub-
nets recovery.
The shifting of part of the taxation burden from sugar to, gold is generally
nations in debt to Great Britain ig- . ^ 4 nore their obligations the country i uTf \i:_ cannot in the present trying times consider repayment of its war debt due the United States.
London. April 17�Neville Chamberlain, chancellor of the exchequer, submitted his budget in the house of com-j nions today. The members of the j house broke out into continued cheer -ing when he announced the fiscal year . just closed had shown a surplus of ; $200,000,000. He announced that a portion of the wage cuts imposed upon the army, the navy, the police force, school teachers, as well as other employees of the government, at the height of the financial crisis in 1931 will be "restored. There was further cheering when the chancellor announced that during the year the nation had regained from the United States its former supremacy as the chief exporting nation of the world. No provision is made in the budget for
agree to accept a flat rate of interest | the framing of his budget in that each payable semi -annually^ month business�and -o
If his could be arranged Cornmis-1"keeps ideclrning when trade elsewhere sioner Alder says it would be possible | m the world seems 'o be oicklne uo
for Prince Rupert to rai.se $100,000 annually out of which the terest charges could be met. and leave
something for redemption of deben-
and in view cf the- fact that 30.000,000,-in- j 000 franco in currency, instead of cir-' culating and creating business, is
hoarded in safe deposit vaults and in
tures in the order in which fchey be- I all kinds cf edd corners, due ta the
he regards ability of
t
the | widespread feeling cf insecurity. Prince ,' -------------n------------
for some years to
INDIAN WOMAN'MAKING
y j
raise a greater sum than $100,000 per j SOLO HIKE TO HOME
annum for dbt p ill I
� A , j. Z.r vT .7, 7" " "Tj i. ~ i ! 'Juraen ironi sugar to goia is generally
itted to the British parliament el- , defeiKled as qu-te equitable, since there grating this requirement for the has come an appreciation of.about 75 ividing of the .settlement costs be- j cent m the vaJ of ld ^ ween the imperial government and ; tax ^ nofc to be levied uponbthe entire
T ^v"1"!!?1 OI h�, dom.lnl�" \n I value of the gold output, but onlv on rtnch the settlement is brought about.� theJvtdue in excess of $30 per ounce.
bill has been given its second , Should the rf of w f � b , iding. which means the imperial; $3Q ^ Ux win n J } with kouse of commons on unemployment
opinion. Trotsky openly expresses his j lower rate" of interest may jeopardize delegate. Ls demanding more consid-fear of assassination at the hands of j their m-urty for the payment of their ' eraf'ng be given to the fundamental
' principal .but from whichever angle matter of the reduction in wheat pro-Jjhe matter is viewed the situation in ductiori, such as h.��; boon embarked I Prince Rupert must .seriously affect all I upon in t.he United States-. There is ! municipal credit in British Columbia. ' said to bo a marked shift in opinion
of Canadian Industries Limited, will I It is worthy of note that for the year as to whether crop reduction will be address a public meeting in the bnll-| 1933 Commissioner Alder wa.s able to' as effective as would the inducing of loom of the Prince George hotel this-i secure a tax collection of 68'\' of the i former wheat importing European evening at 8 o'clock on the subject j levy. This it may be pointed out was | countries to realize they can stimulate
White Russians whom he persecuted while in authority in Moscow.
-------------o-------------
V, J. Rby, travelling representstAx?.
government will assume all the cost
relief diu'ing the past four years is
et at S111.000.000.
�bf settlement Canadian authorities
Bnay be slow in identifying themselves ________Q_________
Bvi'h the proiee1 until this feature has ,rnrAT mr c T ^^.. ,o TKT
^brcn definitely dwided. General i KUUBLb LUUfVlb IN
Pprabys settlement plan fc thev'besi CONGRESS OVER THE
pnat has been ]>ropasecl, and when he �....�� ^AMTnAvrnr^-
icceeds in getting the British gov- COINAGE CONTROVERSY rrunent on the dotted line it should
esult in a considerable ^hift of popu- Washington. April 17�Trouble looms
pation from the UnHed Kingdom to in both branches of congress for--Pres-
of fertilizers and their application. Farmers and all interested in gardening arc inv'ted to attend. Mr. Eby will spend several day.s in the district during which ho will address farmers at as many points a.s he can reach. ..-.:------------o-------------
LIBERALS RETAIN SOUTH OXFORD IN BY-ELECTION HELD ON MONDAY
approximately 14'; higher than the! their exports of manufactured goods collection percentage Ln Prince George ! if they take wheat in exchange, iri-in the same year, and must be re-! stead of attempting to stimulate'an garded a.s the maximum percentage j uneconomic production of wheat by for seme years to come: if it can be ! huh tariffs and quotas. maintained.- Should the collecfion per- j Rome. April 17�The wheat confef-
j centage fall off, and the debenture i ence ended its sessions today. It de-holders refuse the sugge.stod cut in j cided to recommend the fixing of a interest, there will bo nothing for} minimum price close to that which has
j Commissioner Airier to do but cut the i been maintained by the exporting
municipal services.
fy portions of the cmp:re. When :dent Roosevelt on the precious metal broached, however, there was question. In the senate there is a j Beome misunderstanding as to the ex- i determined attempt , being made to, fcent to which the British government force the president's hand to improve | (had been committed to the financing the price qf silver through additional �pf it; now there Is a disposition to purchases of the white metal by tne Bnake certain en this po'nt before en- government. In the house there has j. iRJiusing further. developed the feeling the administra- .
-------------n�'�--------- troh has not been strict enough with |
^Washington. April 17�It is reported gold hoarders, who are said to have �*resident Roosevelt has under consd- reaped much benefit tliroueh the adoration the acquiring by the United ministration's policy in arbitrarily in- j States government of all the banks j creasing the price of gold, and there is sprhich have remained closed since the | a demand for ac'ion aga'nst them. ! :�ig crash. It is said this action may > President Roosevelt" has made his po- ' vbe taken to end the ag',ta,tion which ' sition very clear with respect to the = llas been started to iiiduce the gov- ! silver agitation saying he will not �JBrnrnent to pay in full all depositors � tolerate any silver bill which appears aw the suspended banks. ' (to him to be of an inflationary nature.
Toronto. April 17�The Liberals retained South Oxford in the by-election hold yesterday when they increased by nearly 1500 the majority >erured in the general election of 1930 by T. M. Cayley, who made the race as an Independent-Liberal. Hon. Don Sutherland, who was defeated in 1930 by Cayley by 50 votes, wa.s the Conservative candidate yesterday, and was opposed by A- F. Ronnie. The election was necessitated by the death of the sitting- member Mr. Cayley. The outcome of yesterday's election is regarded as an evidence of the weakening of Premier Bennett's hold upon Ontario.
MITCHELL F. HEPBURN SHAPES LIBERAL POLICY ON THE BEER ISSUE
St. Thomas, April 17�Mitchell f.
c6uritr\D3. and .submit the same to the conference to be held later. The conference failed to reach any agreement on the proposal ^o regulate the world price of wheat by reducing production in the exporting countries.
PLANE STRANDED ALL
j
Hepburn left for Toronto today where j \Y/TNTFR TN he will confer with the vice-presidents! W11N1EK -^ cf the Ontario Liberal associations j B. C. IN COMMISSION
with a view to formulating the policy! ; --------
of the party on the beer and wine I Dawson Creek. April 17�The plane legislation of the Henry government. ' carrying a company of prospectors
The beer and wine legislation is not to become effec'ive until after the provincial general elections, which is taken to mean Ontario must take the Heitry - government to secure liberal beer and wine legislation.
which was forced down last Summer on the upi>er Halfway river, in Northern B.C.. and so badly damaged that it had to be abandoned for the winter, has been put in repair and started on its way cut.