Thursday, August 15, 1957 CASTLEGAR NEWS, CASTLEGAR, B.C. "Thursday, August 15, 1957p CoT IM OPET RUINOUS TO DEVALUE DOLLAR Economists don’t know whether to laugh or cry when Premier Bennett repeats his glib demand that the Cared’an doliar be brought ‘to par with the American dollar. ‘ Such an arbitrary act is admittedly possible although extremely difficult. But it would wreak the most profound changes in the whole Canadian econimy. It would be ruinous. tt would turn our preseent creeping inflation * loose ata gallop that would bounce. every Canadian consumer flat on his fast-emptied wallet. It would do this by simply failing to grapple” with the basic causes of the inflationary and ex- change problems. It would do this because it would Mly create is more f ible to the growth of that inflation. Canada’s embarrassingly hard money is a direct and inevitable result of the trading situation across the 49th: parallel. The value of the dollar, like the value of any other commodity that is bought and sold, is basically set by the law of supply and de- mand. At the momeent, there is a greater demand for the C 1 dollar by A than there is for the. American dollar by Canadians. So the Canadian dollar is at premium. The Canadian dollar costs more than the Am- erican dollar, in other words, because Canadians want fewer: American dollars to’ buy, goods, _™make investments and travel to the U.S, than ‘the’ Americans want Canadian dollars to do these things in Canada. Specifically, it is the American. invest- ment here that is causing the trouble, Without that, Canada’s trade and tourist expenditures in the U.S. would by far outpace theirs in this country. + Americans are buying all the Canadian dollars they can find invest in our booming economy because they are convinced it is a good, safe and financially rewarding | investment to make. So good; in fact, that they are willing to spend $1.05 for. every $1 of Canadian money they need to make ‘that investment. : Now what would happen if, as Premier ‘Ben- inet so patly suggests, we arbitrarily knocked our -dollar back to par with the American dolfar? It would ‘mean simply that Canadian investment would be tmore attractive than ever to the Americans. They would have to spend only $1 to buy $1 Canadian to make their investment in this country. . Canada would become a five per cent better investment. And anyone who thinks that that wouldn‘t attract a. startlingly’ increased investment - by Americans in Canada has never watched finance at work. Changes, of a fraction of one percentage point are enough ‘to affect dramatically the flow of money. . . There would be an associated effect. One way for Canada to reduce the premium on its dollar’ is to spend more in the United States, to buy more American dollars in other words. ‘buying enough American goods now when: we can «get them at 95 cents on. the dollar, how can we expect to with a par dollar? Another point. Premier Bennett makes o great play that the premium on the Canadian dollar, is hindering the Canadian export industry. It does although there are those who argue thot if there was real’ demand for these Canadian products their price could be hiked enough to make up for the ex- change. That export prices ore not raised can be ‘taken, it is claimed, as evidence that there is not such a real demand. But, undoubtedly; pegging the Canadian dol- Jar at par would stimulate the Canadian export in- dustry. And- the export industry would bring ‘into the country alot of (American) money with no basis - in goods -and products available for use in Canada. This woutd be inftationary money. It would add yet onother kick to the increased U.S. investment that would be attracted by the same par dollar, Such ex- port production would be an inflationary device of serious consequences, It is also necessary: to consider the machinery required to bring about por doflar. It wouldn't be the same thing at. all as.the wartime pegging of the dollar's value. That was introduced to ration @ scarce commodity. There weren't t enough Ameri- can dollars to go around. -But to peg the Canadian dollar now at par ‘s to attempt the monstrous, even impossible, task of rationing plenty. It would involve the Canadian government” in buying up all the export bills at par that could not be disposed of at’c discount on the open market. #, as could well happen, Ottawa was the ¢gllect five or 10 billion of such drafts, there would be another five or 10 billion dollars in the Canadian money stream — once again without the backing of pro- ducts available for use in Canada. : Ones: again in- flationary. : And in turn this would put irito the hands of American investment houses five or 10 billion Can- But if we aren't “TRE Castlegar News _manlished Every Thursday At DS OF THE Member: Canadian Weekly Newspapers Assen, Castlegar, B.C. - Lb. V. CAMPBELL Publisher ys" sabi) Member: B.C. Weekly Newspapers A Bureau Subscription Rate: $3.00 per year — 25c¢ month by carrier Authorized as second class mail, Post Office Department, Ottawa ed Spreparedl Uy-the Research: statt:of- ENCYCLOPEDIA CAHADIAHA When ald a railway locomotive. first operate in’ Upper Canada? The first’ railway locomotive in Upper Canada ran to Aurora, Ont., ‘from Toronto, in 1863, :2 distance of 18 miles. Formerly known as Machell’s Corners, the settlement “was renamed about the same time after Aurora, Goddéss of the Dawn, Who published the first newspaper in the Northwest ‘Territories? Patrick Gammie Laurk travel: 3 at McGill University; Quick Canuck Quiz QUICK cane FACTS 1... Who originated’ . Canada’s game of ice hockey?.”. z “2, In Canada what persons are disqualified by law from seek-, ing electién. to the House of Commons? .3,,Of the 3,410,160 Canadians who paid income .tax in 1954, what percentage were in the $15, 000-a-year and over income |, group? 4, What speciés of ish, a major catch on both Canada’s Atlantic and Pacific coasts, is ye the fish most widely used in the world as human food? 5. One out of four working Canadians is now employed in ‘What led west by ox train and in 1878 he founded the “Saskatche- wan Herald” at Battieford, then capital. of the Seabed Ter- ritories, For two years, his was the on- ly newspaper in the territories. His accurate and faithful report- ing while Battleford wks be- leaguered during the Riel up- rising makes the Herald a val- uable historical source. What is the Arctic Institute of North America? Scientific study of the uorth- land becomes increasingly im- portant as increasing industry poses technical and social pro- blems and the northern coasts vare developed as an important defence line, The institute. .was established in 1945 by the United States and Canada for integrated study of the Arctic region. A Dan- ish representative sits on the Board of Governors to provide of the. national income is dircet- | ly provided by this industry, Answers: 5, One dollar out’ of three of the national income. 2 pmaall thi e per cent. 1. a link wi work in Green- land. The: problems of the north are to a: considerable degree alike, whether. in Alaska, northern Canada or Greenland; and there ‘ is.a great advantage in dealing with the region as‘a whole from the point of view of scientiic research, free from the limita- tions of national boundaries, The results of investigations are embodied in reports submitt- ed to the institute and later published in ‘scientific journals for the benefit of all those in- terested. The journal of the: in- stitute, “The Aretic,” has be- come the+standard North Ameri- ean publication on Arctic invest- gations. the first rules were written in 1879 in Montreal . 4. The her- ririg. 2, Persons convicted of cor- rupt electoral practices, govern- ment contractors, ‘provincial legislatures and cer- tqin public officers, Old-Time Stage Coach To Gover B.C, In (S58 Thundering hooves and the rae of an old-time stage coach members of > ‘THIS AND THAT. - PSYCHOLOGY GOES TO MARKET High food bills can be reduced by using simple psychology in buying . An analysis of the market: ing habits of women shows that most of them have no method :.As a result they tend to buy more food than they need or’can afford, Here are some ways) dH to balance your food budget: . Never shop when you're hungry — That's when © everything you see looks good and ypu‘re tempted -to buy too much, Curb impulse buying — Ore betriae survey dis- closed that three out of four shoppers buy at least one item on impulse, and most women will admit that they buy many things without real need for them. List what you want to buy before you shop — Then stiék to the list as closely as possible. Shop tess often — Most women go to the store too many times, That leads’ to impulse and small- lot buying — both of which tend to shoot expenses: up: Having one big shoppping day a week and re- turning to the grocery store only for absolute es- ean “bad men” hills adding to the colorful din, will sound through B.C. next ear, It will be a re-living of the early frontier days in B.C. when this type of transportation was the lfe-line between large cent- res and distant points. Lawrie Wallace, Chairman of the B.C. Centennial Committee, whose grandfather was a stage coach driver on Vancouvver Is- - Jand in 1871. when B.C. entered confederation said: “The story of early transport- ation in this Province is one of the most exciting chapters in our history. With this re-enactment of a stage coach run, we shall an ously pay tribute to the men who everyday risked their lives to carry supplies and mail.” From Barkerville,, now a ghost town’ but once the high- living scene’ of those magic words, “Gold Strike,” a stage coach will roll over historic routes the 460-odd miles to Van- couver Island to Victoria for a éolorful wind-up celebration. Shotgun ‘guards and all the other trappings of the mail guns, as well as gun-toting outriders will “the stage” on adian dollars purchased at par and available for more inflation-producing U.: 5. investment in Canada, To all this.can be added the simple, family bud- get proposition that the price of everything import- ed from the United States‘ would autématically go up by five per cent. What of wage demands then? Is there a solution? Theoretically, yes, We could cut our imports from the United States, Or we could - “sémehow bring the American’ people to believe that Canada is not a very attractive place to invest. Or we can sit it out. For economists insist there’ is no ‘long: -run pro- *blem, They call it a short-run situation; Our dollar . is high because the demand for it is high. A demand created by huge construction such as the its long journey. Mr. Wallace declined to say how big a cache would be on board: the stage but he did say it would. carry a very valuable mail packet containing greetings from Lieut-Governor Frank Ross, Prime Minister John Dief- enbaker and Premier W. A. C. Bennett, The greetings are to be delivered to mayors and reeves at stops along the route, Re- tum greetings will be brought back to the Lieut. Governor for the Victoria arrival Ceremony. Local Is can turn out to be a real money saver. AUTOMATION AND MONEY PURCHASES Dr. John J. Brown, President of Industrial Auto- mation Limited, had some interesting observations at a recent meeting of a woman’s credit club. He said that some day people won't have to handle money at all. Business transactions will all be handied by electronic machines. He called this a system of using mechanized credit for all individuals and said it could be worked out easily. The system would have salaries electron- ically record at the individual's bank. All pur- chases made by that person would be, charged against this account by a special machine at alt stores. There would thus be no need to handle money. This is unsatisfactory, anyhow, Dr. Brown says. Carrying money invites the danger of robbery Money is also unsanitary, even if -people are willing to hazazrd a few germsit in favor of the pocketful of cash. One of the strong forces balking at.automa- tion is the conservative nature of human beings: People are slow to accept changes and it will therefore take longer to bring about automation than could be done by' technologists if nee were freed of this restraint. _ But Dr. Brown said we are going to be hap- pier with automation. We will be freed from much _of the degarding and monotonous forms of toil. This will give people more time and opportunity to exer-” ‘cise greater and more deserving skills. Creative instincts will have more time for expression. ~ The free world is forther ahead in this field than any state-controlled economy can hope to equal. The spirit of competition will make sure that autom- ation brings us more goods cheaply in the future than we have ever known before, Dr. Brown points out that if we didn’t. have plan to get most of their towns | But eventually these big projects will be com pleted. .adian dollar's premium in Industrialists look for a decline in the Can- about 18 months. When the big projects are finished, and when the new plants abuilding in Canada start to produce, the drain will be ‘the: other. way. The money will start to‘ flow back to the United, States, targely as c return on the investment the Americans are now making. When that the Canadian dollar's premium will start-.dropping. out to the stage coach and to have some celebration in honor-of it, “es Changes of horses, drivers ‘and possibly stage coaches will be made along the route, Ted Fox, has been nominated by Lawrie Wallate to scout the province and work out ‘details of the project, Mr. Fox is a member" ot the centennial the lept “today, we. would need: all the women. over 15 years of age. in both the United Stetes and Canada to handle the calls on the old plug-in n system. sikntasge obieag Clara Lane is a 56 year old San Franciscan who runs one’ of the ‘nation’s most succcessful mar- riage bureaus. She prefers to call, it a -“friendship center”, however, because the other title. tends to Then we can start worrying about: | i it: from going too low. of 's board i : _ serving as aomaiee chairman. In the meantime there doesn’t seem to be ‘sniich x percentage in deliberately taking less for what. we sell and. paying more for what we buy. The Vancouver Sun OGLOW BROS. . Rulldine & Supply Co. Ltd. Building Supplies CASTLEGAR « Phone’ 3351 Sunday Church Services ST. RITA‘’S CHURCH ° Rev, E. Brophy, P.P. Masses ‘at 8:30 and 10:30 , Benediction Friday at 7:00 p.m. Confessions Sat, 4-5 and -8 p.m. ST. JOSEPH’S CHAPEL Rev, E, Brophy, P.P.. Masses at 8:30 and 10:30 a.m, Confessions Sat. “4-5 pam. PENTECOSTAL TABERNACLE) Sunday School — 10 a.m. Morning Worship — 11 a.m. + Evangelistic — 7:30 p.m, Prayer and Bible Study, Thurs,| 7330 m, 330 Bp. Everyone Welcome COMMUNITY BIBLE CENTRE; Sunday in the Leglon Halt 10:30 Sunday School 7:30 Family’ ‘Service At 51 Columbia Ave.. Wed., 7:20 Young People’s. Hr, Fri. Bi 00 Prayer & Bible Study] CHURCH OF JESUS, CHRIST OF LATTER DAY SAINTS Sundays’ at 10:30 a.m. " Twin Rivers Hall zo F PRESBYTERIAN CHURCH OF CANADA Kinnaird ~ THE UNITED CHURCH . (during ‘summer months) Robson: Ist and 3rd Sundays at 11 am: é Kinnaird: Service of Worship| at 10 a.m, Castlegar: Service of Worship) "Sunday worship 11:15 am. *Sunday School during worship THE ANGLICAN CHURCH Kinnaird — 8:00 am. Holy Com- munion 7:30 p.m. Evensong .Castlegar — 9:00 a.m. Holy Com- miunion at 8 p.m, It: 60 a.m. Matins. .. scare away. During her career as a match-maker, Clara figuers she has, introduced 40,000 people. Out’ of these introductions -canie 8,000. weddings. Clara claims * the reason :she weighs 165° pounds is, because she has’ to" eat so many goodies at wedding receptions. 5 Clara started out in business ‘as a fortune teller on Broadway. That was twenty years ago, arid . she was known os Madam Casandra, She discovered, that the reason people go to fortune tellers is’ be-°. cause ‘they are lonejy. She decided to do ‘sémething | beside tell: them fairy tales: So she started 4 mar- tiage bureau, and today she started a marriage riage bureau, and today, she .has branch offices in every major city in the U.S.A. Clara’s customers have to sign up-for six mon- ths. The fee is $100 for a woman under 30, $150 for a woman over 30; and $200 over 45. Because ‘she feels that the men get stuck with all. the bills, they pay $150 regardless of age. The fee entitles * rofl to 12 introd: 1s, She says that people © usually click on their sixth introduction, and that men make up their minds faster than women. Clara believes there are four things needed to make ‘a successful mariage. First, the couple must feel a deep need for each other. Second, they must hove ‘congenial tastes and ideals, Third, ‘they must respect each other, as persons. ‘And inally, they must “be ‘determined to make’ the wnaFriage work, . This Winter use the 2 Sale, Economical HEAT = Super Heat , CASTLEGAR, is ‘the heat for-you Castlegar distributors: Mitchell Supply Ltd. BC. PHONE 3551 Application for a water lic- ense to develop 35,000 horse; power in a new hydro-electrie developmenf¥on the Kokish Riv- er has been put before Comptrol- ler of Water Rights A. F. Paget, the B.C. Power Commis- sion said August 6, The Kokish River is on Van- couver Island, 86 miles north of Campbell River. Data which accompanied the application proposes a scheme of development comprising a dam about half a mile downstream from the confluence of the east branch of the Kokish; a conduit 5% “miles long, “Quotatigns will be received by the Secretary Treasur- er, C. H, King, for fuel to be supplied to schools in District No.9. COAL: Green Hitl Furnace Coal or equivalent. Stoker: 50-50 mixture Michel’ and Drumheller first grad2 stoker. This coal to be thoroughly mixed before going into storage bins, woop: --: ne Sound Tamarac or Fir in various lengths as‘re- | quired. OIL: . ‘ Approximately 10,000 gals, Furnace Oil All fuels to be placed in respective storage at school when and where required. Board reserves the right to reject any or all tend- ers, Tenders close.at noon, August 26, 1957. For fur- ther information contact the secretary.” Cc. H. King, Sec.-Treas. | NOTICE neuer and a generating station about one mile from the point where the Kokish enters the sea at Beaver Cove, Beaver Cove is about five miles south-east, of Alert Bay.|’ There are no road connections to other parts of Vancouver Is- land, and access is either by air or coastal steamship. The scheme propcses to ‘raise, the level of Bonanza Lake, which now has an elevation of | tribution systems: are 75 per about 890 feet above sea level, and the smaller Ida Lake, which is about 20 feet lower. Total,city gate stations and work is going ahead .on_ four. branch]. area is line to John Hart development, The area. relies principally on logging activity, Northern Pulp- wood Ltd. has a logging opera- tion in the valley of the Kokish, near Beaver Cove. Canadian Forest Products, which operates River basin, has a shipping cent- re in Beaver Cove. The- new plant would be in a favourable position to supply energy at a reasonable cost to the Beaver Cove and Port Hardy areas, If it is constructed, de- doubtedly be made from “these areas. Inland Crews Moving East — Progress Report ural gas system is. almost 80 per cent complete. Month end report -issued ‘by Inland’s en- has more than 250 miles of jpipe strung dnd welded and dis- cent complete. Construction has begun on 110 square miles, It is pole 138,000 volt transmission . planned to interconnect the Kokish plant by ‘means of-Jand project was ‘originally set an 88 mile single clreuit wood for late October, walt Completion date for the in: but indica- tions are that the whole system ;will be before that c “INSURE IX wNsure jf |! For, All Your INSURANCE NEEDS Phone 3441. ANDERSON AGENCIES ime. During the last two weeks of July, distribution system ~ test- ing was completed in Merritt, ‘Osoyoos and 100 Mile House. Six sections of 12 inch main Kelowna. to a point between ; Kamloops and Savorta have new been tested and given final” ap- jBrovval by the B.C. Department Heealth ‘assurance for the family PARAMETTES in tablet.‘and syrup: form. Castleg ar Drug Sr OSED oll day 1eg — OPEN ug Nights PHONE:3911 ~ Casfieds Get Results pi Photos . t neo their mais camp being located] _ mands for such service will un-|_ Interior British Columbia’s nat-|, gineers showed the main line|’ line totalling 100 -miles from| 1 tests on the s SALE ‘Prices a as. : shown. plus recapable” casing 670X15 4 Ply Super Chamipion lie : $16.65 "Future a AH Club Member ‘The two-year-old in his play- pen is fascinated by life around him. He longs to pull the tail feathers out of every chicken on his father’s farm. He has no idea at all how a farmer’s son should behave, but he'll find out, later, when his brothers initiate him into the local 4-H club. ig better ia *The idea was so good that the young people swept their parents along with them, and farm life improved amazingly. 4-H Clubs have done many useful things. They have kept the right boys and giris on ‘ the farm, trained young men and women _ for leadership, improved life in rural com- ities by i se Bapetarae Here he'll learn by acing,