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Page Two April 24,1943 LOCAL VICTORY BOND CAMPAIGN STARTS APRIL 26 Management, Union Appeal For Employee Support (Column 1) CHIEF CLERK EXPLAINS HOW QUOTA IS CALCULATED Method, Which is Same For Everybody, Combats Inflation and Assures Post-War Jobs by S. T. Hopkins, Chief Clerk Pickering Works All of us at the Pickering Works are expected to subscribe $500,000-- Half a Million Dollars!--to the purchase of Fourth Victory Loan bonds. Admittedly, it is a staggering sum; and in view of our inability to subscribe the $350,000 which was asked of us last fall, at first sight it does appear to be an almost insurmountable objective. But is it? Is more being asked of us than of anybody else? We decided to find out. We wanted to know three things. First of all, we wanted to know how the quota was calculated; secondly, who did the figuring and, lastly, why a quota and, for that matter, why a Victory Loan? And here are the answers : All Quotas Alike Everybody's quota is figured the same way be he factory worker, office clerk, storekeeper, professional man or manufacturer. But, you want to know: How much does the government want us to "Save by Lending"? It says 12'/2% or 1/8th of a person's income whether it be from wages or salaries or investments. Consequently, to determine how much a person should lend the country by buying Victory Bonds and War Savings Certificates, all one need do is figure what 12V2% or 1/8th of his income is. If he has an income of $2,400.00 a year he should "Serve by Lending" $300.00. We'll say, however, that he is now buying an $8.00 War Savings Certificate every month. The Government says he should save $300.00 but as he is saving $8.00 a month, which is $96.00 a year, all he is expected to do is invest the difference; that is $204.00. But, as Victory Bonds are offered twice a year, he should subscribe at least half the $204.00 or $102.00 to each Victory Loan. All Plants Equal That's the system. And that's how our and all plant quotas are calculated. We tell the Government how much our payroll is and how much is being deducted for War Savings Certificates. It figures out what 121/2% of that payroll is and deduces the amount of the War Savings deduction. In our case this time it's Half a Million Dollars! That's a lot of money. But, it can be done if we calculate what each of us should do personally. Let's figure what we should do as individuals and do it. Let's put the plant--and that's not the Company remember, but the workers--let's put it over the top. Let's save now so that we may have the funds to buy the goods we need and desire when they are again available. Here's how it is done: The Government knows how high the average man's income has jumped since the start of the War. It knows, too, that there are more people working and earning today than ever before. And it is aware of the havoc which would be wrought on the national war economy if all that extra money were used to purchase consumer goods. If that happened, it would go Continued on Page 7, Column 5 (Centre Column) (Letter 1) DEFENCE INDUSTRIES LIMITED PICKERING PLANT AJAX. ONTARIO April 9th, 1943. TO ALL EMPLOYEES: During the past year, you, the employees of Pickering forks, have proven that by the co-operation of all concerned you can meet any set objective. At this time we are being asked to do our share in making the forthcoming Victory Loan the success it must be. It is essential that we lend our current and prospective savings to Canada. This 1> a costly war. Each year as our armed forces increase in might and our output of machines and munitions of war continues to expand, our war costs are multiplied many times. As a consequence, the amount of this loan is $1,100,000,000. Of this total the quota for the workers of Ajax has been set at half a million dollars. This quota is based on the earnings of Ajax employees and is our minimum objective. This quota may seem high but Canada needs it. While our taxes are up, it is better to lend our Country what it needs at good interest rather than have taxes increased to raise the necessary funds. The "Unconditional Surrender* of our enemies which Churchill has demanded as the only assurance of a sane, peaceful world means we must dig down and dig deep to provide Canada with the money it needs. "Back the Attack" is the clarion call to all Canadians today. Here at Ajax, this is a splendid opportunity to again demonstrate that we can meet all objectives by backing the Fourth Victory Loan to the best of our ability. Yours very truly, (M. J. Watson) Works Manager (Letter Two) UNITED ELECTRICAL, RADIO & MACHINE WORKERS OF AMERICA AFFILIATED WITH THE CONGRESS OF INDUSTRIAL. ORGANIZATIONS 133 BROCK STREET SOUTH WHITBY, ONT. SUB-DISTRICT OFFICE Telephone 2-126 April 14:1943 Fellow-workers: The offensive against our fascist enemies on the continent of Europe is looming large these days. The opening of that offensive which will take our fellow-workers in uniform on into Germany, is something we have demanded. Ha bare contributed much towards equipping our Forces with the beat war materials. Our purchases of previous Victory Loan bonds have helped sharpen General McNaughton's "Dagger pointed at the heart of Berlin;" we hare worked hard to produce those materials in huge quantities. It is perfectly true that most of us have been somewhat irked at lending our money to help win the War and then seeing our Forces wait around for action, We have demanded the opening of a Second Front on the European continent to smash the fascists between our excellent fighters and the indomitable Red Array of our Russian Ally. Every sign, from Casablanca to this moment, points to the imminent opening of that attack on Hitler's Western Front. As that attack opens and develops into the defeat of Hitler, our Forces will require tremendous replacements of men and materials. They can never be allowed to land in Europe, forge towards Berlin and Victory, and then be slowed down because we would lag with the furnishing of supplies. We will replenish our Forces' materials by lending our money to the Government and by producing still great amounts of Munitions with that money. There must not be any let-down of our comrades, who are on the fighting fronts. We must meet their every demand for supplies and first class equipment, For, the more we supply them the sooner the conflict is over and the greater the number of lives that will be spared. Therefore, let us to the Attack Therefore, let us make the new Victory Loan an outstanding success. Let us, by over-subscribing our quota, tell our Brothers-In-Arras: YES, we are with you all the way! You shall be making the Attack; WE WILL BACK THE ATTACK ! Fraternally yours, President, Local 521, ie (CIO).Back the Attack - Buy Victory Bonds!(Column3) DRIVE WILL SEEK TO RAISE HALF MILLION DOLLARS Average Subscription of $85 From Every Employee Required to Achieve High Objective Monday, April 26, the day on which Canada will launch the greatest bond issue in all its history, the nation-wide Fourth Victory Loan drive for $1,100,000,000, also will be the day on which the Ajax campaign for $500,000 of that figure gets underway. In every department and line of the Works, employee - canvassers, armed with selling literature and application forms, will start canvassing their co-workers with the object of putting the Works quota -- Half a Million Dollars --• over the top in the quickest possible time. To help them to do that, the "landscape around here will be changed," to quote R. W. (Scottie) McAlpine, Line No. 3's superintendent and the local publicity committee's chairman. Practically every wall big enough will be emblazoned with messages and posters urging everyone to "Back the Attack," the slogan which has been adopted by the National War Finance Committee as the theme of its drive. In addition to the multitude of posters which will adorn every conceivable place of advantage, there will be speeches and movies to publicize the need of everyone's participation in the loan. It's hoped also to have two twenty-five pounder field guns and a six pounder, jeeps, and other mechanized equipment on exhibition in the gatehouse area for the duration of the drive. The crews which will accompany the guns are expected to put on a display of their drill a! periodic intervals which will all be explained by a commentator. High Quota Although the local quota of $500,-000 is higher than the one established last year ó and which was not reached ó it is hoped that it will not only be attained this time but that it will be oversubscribed. It won't be easy, however, competent observers admit. To accomplish the objective, an average of $85.00 worth ! of bonds must be purchased by ! every employee. It means that everyone should invest not only their current savings but be prepared to purchase as much as they can on the payroll deduction plan. However, it's felt that the workers here are as eager to reach and even surpass their quota as any other group of industrial workers in the country. One thing that will help this time is that all new purchases of war savings certificates may be added to the total subscriptions. But, at this time, it is bonds which Canada wants to sell. In permitting war savings certificates sales to be added to the amount subscribed for bonds, the intention is to attract bond purchasers to that means of saving also. In other words, Canada wants its citizens to buy bonds for cash, to buy them on the payroll deduction plan, and to supplement these purchases by regular purchases of war savings certificates also. The first deduction from the pay of those who purchase their bonds on the payroll deduction plan will be made on May 15.