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. â€"~â€" The Waterloo Chronicle The total of the investments made by all foreign countries in China is estimated by Dr. C. F. Remer to be approximately $3,000,000,000. Viewed by itself this is a large sum but when compared with the foreign investments in cerâ€" The British and the Japanese have the largest investments in China, each having a total in the neighborhood of $1,250,000,000. The Russians are generally ranked third, their investments being anywhere from $200,000,000 to $400,000,000. American investors come next,. although, in the opinion of some, they should be rated above the Russians, their holding amounting to $250,000,000. The size of the foreign stake of each country in China depends largely upon the amount of its investments and its trade, says a well informed authority on foreign affairs. In the conduct of its public utilities the town has been fortunate in the personnel of the commissioners in charge who have been men of foresight and progressiveness, imbued with the desire to give the most efficient and economical service possible. That they have succeeded in doing so is revealed in the statements submitted from year to year, the results of the past nine months‘ operations constituting a bright augury for another successful twelve months‘ operaâ€" tions. Particular interest will be taken in the position of the gas department. It was not so many years ago that this public utility preâ€" sented a problem but with constant effort to improve the facilities available and to effect economies in operating costs it has been brought to the point where this year the surplus is in excess of the previous year by an amount of nearly $500. In a period of depression which happily is now lifting, the strong position of the public utilities of the town is a matter of satisfaction both to the commissioners and citizens in general and indicates that close attention is beâ€" ing given by this civic body to the conduct of these important departments of the public serâ€" vice. That Waterloo‘s Public Utilities continue to be capably administered is evident from the statements recently submitted to the Commisâ€" sion by Manager Schiedel covering the first nine months of the year. These disclose gains in all three departments, electric, water and gas, the showing in the case of the latter two being particularly satisfactory. In Waterloo County are to be found scores of industrial concerns which are beginnjing to feel the effect of changing conditions which within recent weeks have shown encouraging improvement. That they will continue to imâ€" prove is predicted by many business leaders. The gradual change apparent which has been accelerated by the recent rise in the price of wheat and other commodities, points the way to better times in which these communities are beginning to share. Published overy Thursday by David Bean & Sone, Ltd., Waterleos, Outaric. SUBSCRIPTION RATES The amount granted the town having now been expended and there being a still further amount available for unemployment relief, the council is naturally desirous of proceeding with other public works such as storm drains, etc., which will provide further employment for those out of work. In taking steps with this in view it is seeking to alleviate the unemployment situation and at the same time provide for the construction of necessary public services from which citizens will benefit. Sentiments expressed by industrialists in this community as well as in other industrial centres indicates an urmistakable current of optimism. This is founded on the obvious liftâ€" ing of the cloud of depression and the upward swing of the markets in a number of widelyâ€" used commodities, particularly wheat. Returnâ€" ing prosperity is reflected in an increase in the number employed and return of workmen who have been idle, to their former places in the plants of their employers. It is pointed out that Waterloo‘s program of work, calling for an expenditure of $56,150 was approved by the government when the first application was made but assistance has only been granted on $30,000. This amount has now been spent on sewer construction and water mains so that application is now being made for the balance. ADVERTISING RATES Ou application. Advertising copy must reach the office not later than Monday noon to insure insertion. The Waterioo council recently decided to make application to the government for assistâ€" ance in undertaking additional unemployment relief work totalling $25,000. THE WORLD‘S FINANCIAL STAKE IN CHINA in wWATERLOO‘S PUBLIC UTILITIES IN PROSPEROUS CONDITION RELIEF WORK IN WATERLOO United States, per yOAF .................. BUSINESS CONDITIONS IN COMMUNITY IMPROVING ‘ Among the popular events of the fall seaâ€" son are the plowing matches held throughout the district and this year they have again atâ€" tracted hundreds of plowmen and agriculturists. The older generation as well as the coming generation have shown unabated interest in these events in which friendly rivalry and comâ€" petition for the awards made, encourages those participating to excel. The increasing popularity and demand for radios is reflected in the increase in the number of licenses issued by the Radio Branch of the Federal Department of Marine to permit the operating of rado receiving scets, an advance of 43 per cent in 1930 over the previous year being recorded. Over half of these were taken out in Ontario, the number issued in this province beâ€" ing 283,313. The, enrolment at the baby clinics conâ€" ducted by the Victorian Order of Nurses indiâ€" cates growing appreciation of the service renâ€" dered by this worthy organization. : Ontario took almost half of the radios sold in the Dominion in 1930, the total number of sets sold in this province hbeing 104,155. Quebec came second with 61,512. The radio industry of Canada reported sales of receiving sets in 1930 valued at $22,â€" 776,225, This value was nearly $2,000,000 above the production of the previous year. In 1927 production of the industry in Canada was valued at only $8,789,171.. Sets valued at $19,196,936 were completely manufactured or assembled in Canada. This represented 170,082 sets. The solution of the present sitnation, it is agreed, is to urge all growers to grade their stock carefully and to offer for sale only firstâ€" class market potatoes, the remainder to be kept for stockâ€"feeding purposes, and to ask the coâ€" operation of the trade and consumers in using Ontario‘s crops before importing this year. It is further pointed out that the potato market is demoralized, not because we have a large surplus in Ontario but rather because of general conditions, an urge for cash and panic reports. This was the conclusion arrived at by a representative mecting of producers from all commercial sections of the province called by the Ontario Growers‘ Markets Council and held early this month. Japan‘s stake in China trade is therefore seven times more important to her than Amerâ€" ica‘s China trade is to America and fifteen times more important than British China trade is to Great Britain. The trade of other countries is relatively small. With a bountiful crop of potatoes and a depressed market, this vegetable which is in such universal use is at present selling at unâ€" usually low prices. In view of this the public is being strongly urged to buy potatoes in order to provide an outlet for this commodity. The chairman of the Ontario Marketing Board, Mr. W. B. Somerset, in view of the situation prevailing, has forwarded a letter to the Mayors of Ontario towns and cities directâ€" ing attention to the present potato market situation in which it is pointed out that potaâ€" toes have long been noted as a source of healthâ€" ful food at very low cost. A bag of potatoes, it is stressed, will sustain a family for a given period at perhaps a lower cost than can be done with any other commodity and helps supply a balanced nutritious ration. It is emphasized that potatoes may be purâ€" chased now at sacrifice prices presenting an opportunity to reduce the cost of relief as more families can then be covered with appropriaâ€" tions made.! The suggestion is made that poâ€" tatoes be stored for relief purposes which would at the same time assist the farmer. tain other undeveloped countries it is â€"only a moderate amount. It is, for example, leas than threeâ€"fourths of the investments which the Americans have made in Canada, The investâ€" ments made by the British, while important, are less than those which they have made in a BIBY mfl single Latinâ€"American country, Argentina. The American investments in China are noticeably irouigunzcce small in comparison with their holding in|Approve Light System for several other countries. They amount to less| _ Heideiberg.â€"Other Busiâ€" than 1!4 per cent of the total foreign investâ€" ness Dealt With, ments of the United States. Practically all of Wellesley m Board met Japan‘s foreign investments are in China.|pursuant to. adjournment at the British investments are given as $1,264,900,000. :z:‘::i’ h’:f“&,f"?‘::k.‘?:‘&’: These British investments centre in Hong|afternoon. Kong, a British possession, and in the Cities Of|ing Mr Beechlor" who was absont the Yangtze Valley and especially in the Interâ€"|owing to serious illness. P. A. Wagâ€" national Settlement at Shanghai. Japan‘s inâ€" |{fQ lohf ,;?v;;ee:‘:‘.dfi"z:e ,',";; vestments in China are placed at $1,264,815,000, jread and adopted. _ _ _ _ It is interesting to note that the foreign trade of China for 1928 and 1929, each year, exceeded $1,500,000,000, and threeâ€"fourths of this total was divided between Japan and United States and the British Empire in the order named. The money value of the China trade of each of the three leading countries is given as: Japan, $500,000,000; United States, $338,â€" 000,000, and Great Britain $160,000,000. Of greater significance, however, is the proportion which this trade bears to each country‘s world commerce. The trade of Japan in 1929 with China was 24.4 per cent. of her total world trade, that of the United States only 3.5 per cent, and that of Great Britain only 1.6 per cent. RADIO INDUSTR \‘;R()Wl NG URGED TO BUY POTATOES EDITORIAL NOTES Oct. Ist, cash on hand . Cash received during Oct Outatanding accounts Having completed the special sesâ€" «lon council returned to complete their work at the regular cemsion. Treasurer‘s Monthly ‘ After dating signing and sealing eaid byâ€"law. it was proposed by J. W. Burnett and J. Mantz that byâ€"law 979, aa filled in, be read the third time and finally passed.â€"Carried Committee in Open Council After due consideration the agreeâ€" ment was next dealt with and finally executed by the reeve and clerk. Payments dnring Oct The clerk was instructed to forâ€" ward. forthwith the two coples of agreement and a copy of said byâ€"law to the Hydro Power commiseion, Toâ€" ronto. one copy of the agreement to be returned by them _ Moved by G. J. Voll, seconded by J W. Burnett that council form into a committee of the whole on byâ€"law 979, that P. A. Wagner be chairman of caid committee.â€"Carried. Therefore it was moved by J. W. Burnett, «econded by G. J. Voll that this council do adjourn to attend the special meeting at 3 o‘clock, to conâ€" sider the estimates. byâ€"law, and agreement of the Hydro Power Comâ€" mission of Ontario and to hear any pros and cons regarding the petition. \ As none of the petitioners nor any one else in opposition to the eystem appeared the petition, estimates were adopted by the council and the byâ€"law introduced. Moved by J. Mantz, seconded by J. W. Burnett that byâ€"law number â€"~â€"â€" f0 anthorize the corporation of the township of Wellesley to enter into an agreement with the Hydro Electric Power Commission of Ontario for Street Lighting, be read the first and second time.â€" Carried. 0i jJurors, $§.00; Linwood and Welâ€"|report presented by Chairman M. S. lesley, grants to public libraries, |Hallman at the meeting of the Kitâ€" $20.00; G. G. Manser. part pay|chener Orphanage Board, held reâ€" board of health, $10,00; Peter F./cently. It was gratifying to the public Schummer, preparation of tax scheâ€"|to note that the institution is on a dules $25.00, stamps $34.40, total|good financial footing with a subâ€" $59.40; Ezra Gascho, work on toad 7,|stantial sum set aside for a new Orâ€" $§2.00; Emmanuel Berg, work on phanage at some distant date. It was road 10, $13.50; J. A. Runstedler,|also pleased to learn from the chairâ€" work on road 15, $10.50; Alex Dieâ€"/man‘s interesting report that more bold. work on road 16, $94.30; Cecil|people are including bequests to the Hackett. work on road 17, $31.51; |0rplmnnge in their wills which to Fred Dietrich, work on road 18. $34.â€" date amount to $30,000. If another 62; Leander Koebel, work on road |$30,000 is received the board of 19, $188; O. L Lanz, work on road |management will be in a position to 20, $5.00; Wm. Crawford, work on|erect a commodious home for the road 20, Thc; Leo. Lienhardt, work {children on a site more in keeping on road 21, $5.00; F. McGoey, work |with requirements. on road 27, $16.25; J. J. Gilliland.| Funds amounting to $25,475 are inâ€" work on road 28, $8.00; Alex Waechâ€"|vested in gilt edged securities. The ter. work on road 29, $3.00; Emil|assets are placed at $52.475 made up Stroh, work on road 30, $69.75; W.|of plant and equipment $22,000, and G Hefzog. work on road 39. §19.30: |real estate on the Natchez road Herb Cacsel, work on road 10. $65â€"|$5,000. Disbursements during the 00:; O. L. Lanz. â€"work, balance cOn:â€"|year were $8,042 and covered salâ€" tract. $44.10; Hamilton B. Co., steel aries, food supplies, clothing, fuel, beam $22.26; Harold Dedles, operatâ€" |etc, ing power grader, $19.00; The Muniâ€"| ‘the returning four directors were mpfl_], wedd: rfyport forms, $9.94; elected for two year terms, namely, Sawyer Massey Co., blades and Mrs. Mary Kaufman, Mrs. F. S bolts, $24.75; Ed. Voisin, gaa a/c, Kumpr Mrs. A. E. Bott and Miss 51}.:»0: J. T. Schmidt, tile a/c $9.00; Anna Weber. The fifth member adâ€" Hy. A. Brubacher, work on road 31.|peq to the board was Vernon Eby a sont ba Tie0po LtE THOW {80CE. |msember of the Children‘s Aid Socieâ€" road 33, $109.20; C. W. Wilker, gas, ty mir : adan. : y and Bethany Mennonite Church, cil and repairs, $28.93; Ollie KOebel.|ang succeeds E. G. Barrie. Other repaira _ to _ culvert, $1.00; Noah members of thé b(iard are“ M.oS. Schultz, _ weeding â€" cutting, $5.25; Hallman, chairman, F. A Shantz, M. Tot‘al $2294.64.â€"Carried. C Cres:;man ‘ M. éwertz,. w. H'. E. H!!derPro Street Lighting Systemig.nmats A E Kantmiun Unmor tm Certain number of owners having petitioned the council for the inâ€" stallation of street lights in the vilâ€" lage of Heidelberg (not a police village) and said petitioners having been notified of a special meeting to be held at the township hall, Crossâ€" hill, at the hour of 3 o‘clock in the afternoon. Nov. the 2nd, 1931, for the purpcee of giving the petition due consideration. _ Mrs. D. Beggs and Miss McKay solicited a grant for the upkeep of the Linwood library, whereupon it was proposed by G. G. Voll and J. Mantz that $10.00 be each granted Linwood and Wellesley libraries.â€" Carried. _ Payments of Bills and Accounts _ Moved bf J. W. Burnett, secondâ€" ed by G. J. Voll that the following ‘acvouma be paid and that the treaâ€" surer lesue cheques in payment of the following amounts: _ Alvin Heimpel. compensation for 1 | _____________ _ _ _ _ _ _ _ sheep injured, $1.00; Alvin Heimpel, compensation for 1 sheep killed by dogs, $5.00; Ed. Schott, compensa~| tion for 3 sheep killed by dogs, $30.â€" 3 00; A. L. Hartman,â€"valueing sheep killed by dogs, $5.00; H. W. Kautâ€" man for supplying tax scheduies and envelopes, $18.00; The Milverton Sun, publishing tenders for painting 2 bridges and tenders for construcâ€" BE UES tion of Hintz bridge, $8.50; Wm. Voll, 1931 weed inspector‘s salary, $§5.60; Norman Fleischauer, grant to o CE Wellesley and North Easthone Agriâ€"! Orphanage Board Assets Total cultural society, $150.00; P. A. Wagâ€" j Gratifyi s ‘uer, selector of jurors, $4.00; Wm. $52,475. ratlfymg Re Dammeier. aelector of jurors, $4.00; ports Presented. Jos, McCormick, selector of jurors, e $4.00; Peter F. Schummer, sele(-lor! Most encouraging was the annual Jacob Jantzi stated that he is asâ€" sessed $5.06 wrongfully in the Butler repair drain. The clerk was instructâ€" ed to straighten this matter out. _ _A complete copy of the engineer‘s report on the Lichty award ditch, in which 13 landowners and the townâ€" ship are interested, was recelved and after being considered by the members the reeve said he would deliver the copies to the owners assessed . _ Elias Baumen complained that the water along the public highway was causing damage to his land. The council told him that they would inâ€" spect the location without de‘lay. Township Hall, Crosshill, Monday, Nov. the 2nd, 1931, 2 o‘clock in the afternoon. All members were present exceptâ€" ing Mr. Baechler, who was absent owing to serious illness. P. A. Wagâ€" ner, the reeve, presided. The minâ€" utes Of the previous session were read and adopted. Communications, bills and | acâ€" counts were handed to the reeve and paseed around to the members for their consideration. $4290.32 Moved by G. J. Voll, seconded by Financial Statement $6209.99 255.61 6465.60 2162.39 4303.21 &7.11 ed a liberal amount or their sub etance to the Kitchener orphanage, J. W. Burnett that council do now adjourn to meet again at the townâ€" ship hall, Crosshill, Monday, Dec the 7th, 1981, 10 o‘clock in the foreâ€" St. Clemente, Nov. 4th, 1931. Peter F. Schummer, Clork We wish this evening to honor and perpetuate the memory of those men and women who have bequeath _ The bequests are as follows:â€" Enos Shants estate, $200; Bracey estate, $500; John Fennel estate, $100; annual legacy from Dr. George, $100 (approximate); Wright‘s e tate, â€"â€"; H. L. Jansen estats. $200; Wright Sisters, $400; lling eetate $500; Elizabeth Hagey estate. $1000; E. W. B. Snider estate. $1,000; S. J WilHiam estate, $3,000; Dr. Cline caâ€" tate, $5,000; John Bricker estate. $20,000; George Harrison (eatate on decease of Mre. Harrison)â€"â€" From the bequests of philanâ€" thropic and public spirited men and women in this community, we hold today $25,475 invested in safe deâ€" bentures and bonds and have not lost a dollar of the principal. nor is the interest in default, a record which should be quite satisfactory in these trying times. â€" is also carried On economically in ‘[mmpnrleon with 33 other similar inetitutions in Ontario. A copy of the 61st annual report of the inâ€" spector of prisons and public charâ€" ities chows the average cost of each inmate per day Oof the 34 orphanâ€" ages in the province in 1930. The average cost in our institution is 75 â€" cents, _ while the _ average of the 34 is 86 cents. The highest is $2.42, in Ottawa. and the lowest is 42 cents in Sudbury. As intimated. the inetitution has been well supported for the whole term of 35 years and has retained the confidence and good will of the public to this day. Donations for the year were $924 a decrease of $300. There were 28 children at the home. During the year 14 boys and 13 girls were disâ€" charged. In addressing the board Chairman Hallman said that the Kitchener orâ€" phanage was incorporated in 1896 and has been well supported ever since by the public. We believe that the orphanage is well conducted. It ‘ The returning four directors were elected for two year terms, namely, Mre. Mary Kaufman, Mrs. F. S. Kumpf, Mrs. A. E. Bott and Miss Anna Weber. The fifth member adâ€" ced to the bourd was Vernon Eby a twember of the Children‘s Aid Socieâ€" ty and Bethany Mennonite Church, and succeeds E. G. Barrie. Other members of the board are. M. S. Hallman, chairman, F. A Shantz, M. C. Cressman,‘ M. Swartz, W. H. E. Schmalz, A. R. Kaufman, Homer Bruâ€" bacher, Mrs. A E. Bott, Mrs. Mary Learn, Miss Alice Moyer and Mrs. J. Jaeger. _ Funds amounting to $25,475 are inâ€" vested in gilt edged securities. The assets are placed at $52,475 made up of plant and equipment $22,000, and real estate on the Natchez road $5,000. Disbursements during the year were $8,042 and covered salâ€" aries, food supplies, clothing, fuel, etc. Carrying On i) Its Traditions The Bank owes its success to the fact that it has always kept pace with the growth of the communities it has served and, in every way consistent with the principles of sound banking, has constantly enâ€" deavoured to be of genuine assistance to its customers. BANK OF MONTREAL was founded in 1817 in order to fill the need for a commercial bank in a young and growing country. Established 1817 TOTAL ASSETS IN EXCESS OF $750,000,000 Waterloo Branch: J. R. BEATON, Manager With our present liberal support we are quite able to continue the work In our present building with out undue | financial strain. . Howâ€" Never did these men and women invest any of their funds to yield them a more satisfactory and liberâ€" al return than that money bequeathâ€" ed to the Orphanage. by which over 1500 needy children were given ahelâ€" ter and proper home influences. WATCH CHEESE CURING DURING THE FALL MONTHS _ Dr. J. _ A. Ruddick, Dominion Dairy â€" Commissioner, calls attenâ€" tion to the importance of mainâ€" taining adequate temperatures for the cnring of cheese made duting the fall months, particularly Octoâ€" ber and November. The temperaâ€" ture of the curing rooms should never be allowed to go below 60 de grees F., and the cheese should be tnrned every day. A fire in the cur ing room keeps the air drier and gives the cheese better rinds while maintaining adequate temperatnres. thereby making it possible to shelâ€" terâ€"and to care for many children in need. Protecting Berry Plants For the protection os raspberry and strawberry plans against the rigours of winter, the Dominion Horâ€" ticulturist has some valuable recomâ€" mendations. In the case of raspberâ€" f’;: he advises that the canes he en down just before winter sets in and held in place by a little soil beâ€" ing placed On the tips. Before bendâ€" ing the canes a little aoil should be removed from on side of the hill and the canes collected in a bunch ard pressed down in the line of a row by means of a fork. or finish because of the abundance ©f feeds and most of it will sell on a basis of official grades. Price will be a big factor controlling volume. Weekly Crop Report _ Livesock men throughout Ontario have benefited by the Open fall as many dairymen Ahave been uble to carry their milking herds with conâ€" siderably lees grain feedimg than usual. All livestock will go into winâ€" ter in excellent condition. Cheese factories report an increase in proâ€" duction over last year. An increase in the number of hogs going to marâ€" ket has been noticed during the past week, but unfortunately too many beavies and unfinished hogs are inâ€" ciuded in the offering. Fall wheat is causing some concern, due to hayâ€" ing made a phenomenal growth this fall. Many growers are pasturing the fall wheat in an endeavor to reâ€" move some of the heavy crop. The poultry crop all over Canada this year is likely to be decidedly short. The poultry which comes onâ€" to the market this fall, however, will probably show a high degree $30,000 For New Home "The value of your telephone is just what you make it." Y P 1 y HE Bank of Montreal :over. if this community desires new quarters, and who does not, donaâ€" tions of approximately $30,000 would meet the requirements. When we consider that we have already reâ€" ceived a little over $30,000 in beâ€" quests, it should not ‘be impossible to â€" duplicate this amount | which would be safely invested for buildâ€" ing purposes. In coneluding we hearâ€" tily thank all who had in any way contributed to the home. ADVERTISING In The CHRONICL® BRINGS RESULTS. Potato Club Contest Teams of two club members each, representing the Boys‘ Potato Clubs in Ontario met in competition reâ€" cently a O.A.C. Guelph. The Middle: sex Boys‘ Potato Club team was anâ€" nounced the winner, scoring 1028 points out of a possible 1200. The runnersâ€"up _ were the Wellington Boya‘ Potato Club. All of the team members judged and gave oral reaâ€" "wns on four classes of potatoes and also answered ten questions based on club work, growing and marketâ€" Ing 0s potatoes. by the O.A.C. This bulletin deals with such fundamental questions as: Compesition of «oil; function of the different piantfood elements; home sources of plant nutrients and use of fertilizers. Much attention has also been paid to the latest method of testing for lime and to recognition in the field of the need of lime under varions aoll condltions. A Valuable Bulletin Farmers are asking more and more questions regarding the fac tors that influence productivity of the soil. With this fact in mind, Bulâ€" letin No. 364 has just been issued Boys‘ Foal Clubs A competition for members of Boys‘ Foal Clubs in Ontario is anâ€" ncunced as a new and interesting clacs by the Royal Winter Fair, beâ€" ing held November 18th to 26th at Toronto. In this competition the boys will show foals of their own raising and in addition to the prizes offered for the foals by the Ontario Ho:se Breeders‘ Association, the Doâ€" minion Government offers special prizes for "Horsemanship". | The Potato Situation _ in an effort to improve the pre gent potato uituation the Ontario Marketing Board has sent a letter to every mayor in the towns and cities of Ontarto urging the purâ€" chase of potatoes for relief work at the present bargain prices. It is pointed out that many municipaliâ€" ties will have to buy supplies to feed unemployed this winter and where this will be necessary much money can be saved by taking advantage of the very low figures. Prices run all the way from 15¢ to 50c per bag just now. THE few cents a day your telephone costs are no measure of its value. Its value is in the use you make of it â€" the time it saves you â€" the safety and conâ€" venience it gives you. Your relephone is always ready, always dependable.