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WEDNESDAY, MARCH, M, Ittt Insurance Companies Are In The Spotlight ln.uranct; companies, particularly their purchase of common stock share. This they did, making the limitation 25 per cent. More than that, since the Prime Minister took the Sun Life Assurance Company, oc- 1 office the Sun Life had not bought common stocks. The Kt. Hon. Mr. ' rightfully belong to Parliament. "The Bennett asked th directors of the power to legislate well as the Sun Ltfe to pass a by-law to restrict power to rote money is inherent in Parliament itself and wbilt it is sitt- ing it cannot constitutionally without doing violence to th oath of office' taken individually by its members,! delegate such powers to the execu- cupied the attention of the House for one day. Mr. Michael Luchkovich, the only Ukrainian member of the House of Commons, who represents any common stocks except those ! tive." It seems clear that little by ... ' which came to them by way of divi- dends and otherwise in connection with their operation. In a year their the constituency of Vegreville, Alta.j holdings in common stock had dropped introduced a resolution asking that| from 51% to 4T:'c of their total hold- little the democratic aspect of Parlia- ment has been slipping through OUT, fingers and the autocratic power ol the Cabinet has been gaining ground, and yet we have been trying to do| the House instruct the Banking and ings. Moreover Bonds had increag-|the impossible, conduct democratic ', Commerce Committee to investigate ; e j from almost nothing to twenty- the business transactions of the North three million in two years and it is American and Sun Life Assurance their determination to increase their Companies, especially in relation to, investment in Dominion Bonds. their investments in common stocks The Prime Minister attributed any and the allegations as to the swindl-j difficulties to bad judgment rather ing of policy holders by the directors | than to bad intent. "As to the wi- of the said company. | dom of some of the inrestmentg to Mr. Luchovich thought that life as-' which reference has been made, 1 turance companies, having so much to' entertain no doubt; they are not in- governmental institution* alongside ' of a financial autocracy. As pro- fessor Soddy of Oxford University says, "There cannot b* two heads to one State and the people have to 1 choose between Parliament and the banks". not the case then entitled to know it. do with the savings of the people should be like Caesar's wife, above tuipicion. He argued that if all was right the companies had nothing to fear by un investigation, if such was the public was He quoted from the Journal of Commerce at length and from it showed that the share- holders of the Sun Life Company, had paid dividends to themselves varying from 16'' in 1928 to 75 r i in 1931. He showed that in 1923, T. B. Macaulay, President of the Sun Life, held 2,113 shares in the Life Assur- ar.ce Company, but on the same date of 1930 he had only 55 shares and quoting from the Journal of Com- merce on this point he said: "From th. it would appear that Mr. Mac- aulay is getting from under the con- F.equenres of his own acti with a full vestments which I would have made," the Prime Minister stated. He did not argue they were wise, but that they were legal. He did not think that the Banking and Commerce Com- mittee was a suitable committee to deal with the matter, but he stated that it may be desirable in the future when conditions arc steady to have a calm, dispassionate investigation into the whole business of Insurance in Canada, and he hoped that Prov- inces would agree with the Dominion that it was to the public interest to have central control of insurance rath- er than nrovincial control. Most of the week has been spent discussing the two months extension asked by the Government for the 'Blank cheque' bill. This bill gave pocket." It would appear that the j the Government fujl power over ex- Sun Life Assurance Company espec- ially had too large a proportion of its investments in common stocks Of : common stock* held by all . life insuranct rompanlei th North American and Sun Life art said to hold over 9R per cent. Mr. Luchkovich urged an is/VMtigatioa. He was supported by Mr. Hepbun. Th* Prime Minister in replying to penditures for farm and unemploy- ment relief; it terminated on the 1st The Government ii ask- of March. ing that it The taking of wealth from those who have much of it found anothei advocate in Mr. Ian Mackenzie. II, was speaking of the reduction in the salaries of Civil Servants by which a saving of $8,300,000 is to be made. He then drew the attention of the Minister of Finance to the fact that' in 1933-35-37 a total of <.497.000.000 , ' = tax-ifree bonds will mature. If, he I havc ^ a u tne w iid statements which said, five per cent, was charged on , are ma de on public platforms by re- them, the Canadian Treasury would sponsible politicians investigated by Counter Check Books and Gummed Wrapping Tape We are pleased to announce to the merchants of Flesherton and District that we are now prepared to ac- cept orders for the several styles of counter check books and gummed wrapping paper. T We are agents for a well-known fiim handling these lines and can^ assure prompt and efficient service with prices as low as they can be secured anywhere. > Telephore 18 < jrl The Advance % be the richer by $25,000,000 or at five and a half per cent,, by ?27,000,000. It is not being done because the Gov- ernment argues that they made a con- tract with the bond-holders that no tax would be levied and that the con- tract cannot be broken, but, Mr. Mac- kenzie argues, the contract with th P Civil Servants did not prevent the Government cutting their wages, so why should it protect the bond-hold- ers. "Confiscate it if you like, but gather into the treasury this $27,500,- 000 and you will go far toward? meeting the present unemployment be extended for two problem in Cansda." month* longer. Under the powers granted by Parliament to the Cabinet! in this bill, many things have been don* which had nothing to do with re- lief work. It has led to government by Order-in-Council. The whole Op- Mr. Luchkovieh said he believed the position is against divesting Parlia- Sun Life Assurance Company was as ment of the authority that constitut- olvrnt as any company transacting ionally belongs to it and so day by the business of life assurance need day the debate goes on. Mr. E. J. ^i>. However on attaining office Garland, the member for Bow River, 'he Prime Minister looked into the argued that members of parliament usiness f the Sun Life and found that at that time the company had no restrictions upon the purchase of had no right, if they would be true to the oath they hnd takon, to dele- gate to the Cabinet powers which The special committee appointed t o Parliamentary committees. At any rate if it would stop the wild state- ments it would be a good idea. AGNES C. MCPHAII,. The House of Commons, Saturday, March 19th, 1932 FLESHERTON HIGH SCHOOL REPORTS ' ) FORM 2 ENG. GRAMMAR HON. Mary' at McBur ney, (Myrtle), Owen Sound; Mrs. Leo Bresson (Vera), Detroit; and Herbert of Markdale. Of a family of five brothers and four sisters only two brothers remain, Robert Wright living in Western Canada, and John of Wingham, Ontario. Mrs. Carter was of a warm heart- ed and kindly disposition, a good neighbor, and a member of Cook's Presbyterian church where she at- health as regularly as her would permit. chorus by the Ladies' Aid, followed with a duet by Mrs. Bryce and Mrs. j McCallura and a reading by Mrs. W. I. Henry entitled "The J'ner." Mrs, tfilne and Mrs. Bryce delighted tht gathering with a piano duet and obliged with an encore. Miss Mc- Millan gave an excellent reading on "Sam's version of the Good .Samari- tan," while Mr. and Mrs. Geo. Cairru rendered a duet. Mrs. Jas. Robert, son, in her pleasing Scottish brogue, gave a reading "Bairnies Cuddle Doon at Nicht." Mrs. Cairns and Mrs Robertson, also gave a duet "When Th e funeral took place on Friday yc g0ng Rwa . Jamie/ , and Misg Emily ; afternoon, service in Cook's church Acheson gave one of p BU , iM John . ~* 2:30 and interment in Markdale Wilson 78, Bill Parker 76. PASS Frances Collinson 71. Isabel Anderson 68, Bob Bellamy 64 Jessie Ostrander 63, Martha Ostrander 60, Mervin McFadden 59, James Me- St. Patrick's Social A splendid crowd attended the St Patrick day meat pie supper and con- agrced that Mr. Gordon was Incorrect crino Stewart 48. Harvey Croft 47, 1 cert j n st John's United church, giv. whence stated that^the P ri me^Mln-j Dell . Vaus 47, Jean Wolstencroft 46,| en by the Ladies' Aid on Thursday Marion Stafford 45. Dick Stewart 43, evening. The ladies served an ex- Milford Piper 41, George Akitt 40. | cellent repast and the program after. investigate th Gordon charges haslcormack 57, Evelyn Brown 54, Gor- reported. It is true there is a major- J ,j on Patterson 50. ity and a minority report but it Is! FAIL Everett Talbot 49, Cath cemetery. ister had arranged things so that the cost of his sister's wedding trip wa* "aid by the Government of Canada. The Prime Minister emerges with a clean bill of health and Mr. Gordon with a ntill further damaged repu- tation. It might be R good idea to George Boyd 37, Hugh Bibby 33, Lloyd . wards was all that could be desired, son's poems "Ojisto" and an encore-. The program was brought to a close with a chorus by the Ladies' Aid and all joining hands to sing "Auld Lang Syne." The proceeds of the evening, amounted to over $33.00. Archibald 32, Bill Welton 32, Robert Dargavel 24. Proton Township Council passed resolution instructing the Clerk to have a Provincial Audit made of tht Treasurer's books for the years 1931, 1930 and 1929 and further back if necessary. tarn iron F. T. HILl&CO.,Ltd. CHAIN ouu BUY ura POWHB 8ATBB YOU A Markdale, Ontario Easter Time Is Here Again New spring wearing apparel on display. New Goods arriving daily. Extra Specials for 3 Days only THURSDAY, KUIDAY & SATURDAY Supcrsilk l-'iiu- quality chiffon Hose in all new shades of pepper fotf lova, etc. kej;. $1 W. * <lay special ........ $1.00 pr. Ladies Ready to Wear DepL offers for your approval a Brand New Range o Coats and Dresses. Smart new Spring Dresses in all new shades ........................................ * 7 - 95 each Ladies Coals in AH New Smart Styles The new military coats. Coats with new style coachon and collar. All bcauti fully trimmed. Triced from $H.<)5 to $19.75. Come and make your choice early. 3 DAY SPECIAL on CURTAINING Scrim curtaining with attractive de- sign edges. 3 days only ............ 3 yds. 25c *. 7. - MILLINERY A Brand New Assortment. ..All new styles new straws, All priced for quick Easter sale. Out they go. HOUSE CLEANING TIME IS DRAW- ING NEAR. YOU WILL NEED NEW CURTAINS, LINOLEUMS, LINOL- KUM & CONGOLEUM RUGS. New 1'atterns in Linoleums All bright new designs. 4 yd. width $3.59 yd. GROCERY SPECIALS THAT SAVE YOU BIG MONEY Shredded cocoanut 19c Ib. i'asley Klour, bag 43c Cream of wheat Flour $2.29 cwt. I'almolive Soap 3 for 20c Ready cut macaroni 4 Ibs 17c Old Dutch Cleanser 3 tins 26c Tomatoes and IVas 6 tins 43c (These prices good for Friday, Mirch 25, Saturday March 26, Monday March 28 onlyl .- .--.' 45 inch patterned table oils. 3 days only 39c yd. 54 inch pattern oils 49c yd. except that there was an absence of j Theft and sale of dogs to the Urn- all those old Irish melodies, Scottish j irersity of Toronto for vivisection and FORM 3 ballads being 'i?ed. However, this j scientific purposes, is thought to have FRENCH HON. Iobl Me- w s easily explained when it is re- been disclosed when a valuable beagt* Mullen 79. PASS Monica Lamibrt 73, Doris Bannon 72, MaciJ Snell 58. Chrlstana MacKinnon BO, Hazel McKit'ou 60. FAIL Bill Fisher 46, Lucy Mc- Donald 41, Isabello MacMillan 41, George MeMastcr 41, Verdun McMas- ter 40, Wilfred Frook 37, Lavcrne Piper S, Stanley Hunt 35. Earl Otte- well 32, Jeanett* McLeod .11, Joe Gibson 25, Dorothy Jamieson 27. FORM 3 CHEMISTRY HON. Marion Shaw 82. PASS Almeda Hincks , Cecil Chard 64, Daisy McFadden 61, Elea. r.or Mather 60, Fred Fawcett 57, Annie Akins 56, Jean Hincks 53, Bob Phillips 52, Dorothy Snell 52, Neilbcrt Mt- Kenzie 51, Murray Stuart 50. FAIL Ellen Parker 4fl. Mrvyn Johnson 31, Gordon Stuart 30, Ed. Patton 9. membered that St. Patrick was Scotchman. Tha program commenced with a t a hound, owned by E. B. Grigg, Oshawa was recovered from th Unirenity kennels. FROM 4 ALGEBRA PASS Jackson Stewart 8, Enrl Johnson 65. Mild- red Whittakcr 57, Elda Frook 84 Harold Turner 52. FAIL Mnrion Bibby 48. Mrs. Wm. Carter Dies The sudden passing of Mrs. Wm. Carter at her home at Markdale on Tuesday morning of last week, al- though not unexpected, yet :t came as a severe shock to her hus- band and family. The- deceased wh o was 8 years of ag had suffered for some time with heart trouble, her last illnes* covering a period of nearly two months during which time she was tendrly ercsl for by her dangh tor, Mrs. Wm. Aitkens and In whose armi sht passed peacefully away. The deteaned, whose maiden name was Eliaa WTijjht, wii the daughter of the lar Mr. and Mrs. Wm. Wrirh* of Artemsia. Shr was born And brought up on the old homestead on the west kack line. Forty-eight years ago she married Mr. Wm. Carter, also of Artemenin. They farmed successfully and retired to t.n village ft number of years ago. Tht loss of her younger son. Porcy, shortly nfter coming to the villngo was a deep and lasting sorrow. Resides her htisbnnd four daughters and one son survive, nnmply: Mrs. Win. AU^ins (Mny); Krimlnle; MY.i. Bert FHott (Ponrl). Toronto; Mrs. George Lyons (I-aurn) "Quick . . . the barn's on fire" Dick Johnson's wife was making pies when she glanced out the win- dow and saw smoke curling up from the barn. And Dick was over. at the Dby's helping with a load of hogs! She ran to the telephone. Dick ru uAi home with Fred Blay and in a few minutes they had stamped out the smouldering bay before the fire got really started. "That was a dose shave", Dick said. "We might have lost every- thing. Ifs lucky we've kept our telephone." . i v