Farm Loan Board Sets Five Percent Interest Rate
Ottawa announces five per cent interest on first mortgages to Canadian farmers under the Farm Loan Board. Maximum first-mortgage loan is $5,000 with six per cent for second mortgages. The board will have $80 million for loans and operate nationwide under provincial chief executives. Loans require first-m mortgage security and not more than 50 percent of land value. Proceeds may fund equipment, livestock, and farm improvements.
MENTIONED IN THIS ARTICLE
Farm Loan Board
Ottawa
E. N. Rhodes
Farm Loan Act
Dominion
John Barnett
Britain seeks world currency stability under Roosevelt policy
Sir Josiah Stamp of the Bank of England urged international currency stabilization and said Britain would lead only after US policy is clear. He emphasized revival of foreign trade depends on an international agreement and warned about political pressure on President Roosevelt shaping monetary policy.
MENTIONED IN THIS ARTICLE
Stanford University
Calif
Great Britain
Josiah Stamp
Bank of England
Sir Josiah
United States
Roosevelt
Re reenactment marks CP Rail last spike event
In Ceremonial reenactment at Jackfish Ontario a 50th anniversary of the CPR last spike drive was observed. Alex Anderson of Port Arthur assisted at the May 16 1885 event and drove a spike in the replica as railway officials and pioneer workers looked on.
MENTIONED IN THIS ARTICLE
Lake Superior
Canadian Pacific Railway
Alex Anderson
Port Arthur
Japan Canada Society Urges New Trade Talks
The council of the Japan-Canada Society, comprised of influential businessmen, passed a resolution urging Tokyo to press for another agreement with Canada to lift restrictions on Japanese goods. If talks fail, the group advises applying Japan’s trade protection law to Canadian imports.
MENTIONED IN THIS ARTICLE
Tokio
Japan
Council of the Japan-Canada Society
Canada
Railway Job Sharing Plan Aims to Rebuild Canadian Rail
A railwaymen committee proposes a job-sharing scheme for Canadian railways claiming 25,000 men could return to work immediately and Canada would save 13 million dollars annually. The plan is being sent to all senators and members of the House of Commons.
MENTIONED IN THIS ARTICLE
Toronto
Canada
House of Commons
French Soviet pact advances European security plan
The French and Soviet communique endorses a non aggression pact with a commitment to consult during threats of war and refuse aid to aggressors. Germany, Poland and Czechoslovakia would be invited to join. Laval met Stalin after long talks and toured the Stalin factory in Moscow.
MENTIONED IN THIS ARTICLE
Moscow
Germany
Poland
Czechoslovakia
Soviet Union
Pierre Laval
Joseph Stalin
Communist Party
Stalin
Laval
Viacheslav M. Molotoff
Maxim Litvinoff
Kremlin
Alexis Lever
Foreign Office
Vladimir Potemkin
France
Michael Kalinin
Central Executive Committee
Ottawa Domestically Financed Loan Oversubscribed
The finance department announced the books opened for a 60 million domestic loan, oversubscribed and fully paid in cash in one day. Officials planned 20 million eight year bonds and 40 million twenty year bonds at prices of 99.50 and 98.50 respectively, with yields 2.57 and 3.10 percent. Bonds dated June 1 will fund general and current requirements.
MENTIONED IN THIS ARTICLE
Ottawa
Finance Department
Bank of Canada
Dominion
Cabinet realignment and autumn election talk in London
Britain eyes possible cabinet reshuffle with Ramsay MacDonald and Stanley Baldwin tipped to swap roles. Whitsuntide recess in June seen as ideal for a move, with October election favored over spring plans. West Edinburgh by election win cited as government strength.
MENTIONED IN THIS ARTICLE
London
Ramsay MacDonald
Stanley Baldwin
West Edinburgh
Edward Johnson Named General Manager of Metropolitan Opera
Edward Johnson, renowned tenor from Guelph Ontario, appointed general manager of the Metropolitan Opera Association. He accepted the post from Detroit after starring in Peter Ibbetson and pledged zealous devotion to maintaining the opera’s uninterrupted prestige.
MENTIONED IN THIS ARTICLE
New York
Edward Johnson
Guelph, Ont
Metropolitan Opera Association
Johnson
Detroit
Peter Ibbetson
Metropolitan Opera
Conference urged to save Canadian coal market
The Western Canada Fuel Association approved a recommendation to call a conference of coal dealers in Winnipeg to discuss measures to save and increase the Canadian coal market.
MENTIONED IN THIS ARTICLE
Conference of Coal Dealers
Winnipeg
Western Canada Fuel Association
Saskatchewan teacher completes 10500 mile Canadian bicycle trek
Harold Petersen, 26, of Arsiniboia Saskatchewan, rode 10500 miles by bicycle from July last year to May 14, ending in Charlottetown Prince Edward Island. He plans to ride to Souris and Cavendish to see Anne of Green Gables sites. He predicts home next July after a long outdoor journey through Canada and beyond.
MENTIONED IN THIS ARTICLE
Charlottetown
Harold Petersen
Saskatchewan
Prince Edward Island
Arsiniboia
Sask
Souris
Cavendish
L. M. Montgomery
Canada
Mexico
Maritime
Italy Aims to Attain Control of Ethiopia
Rome reports Italian newspapers push for a new organization to govern Ethiopia, seen as civil or military control by Italy. Mussolini warns others to stay out, while Britain seeks to avert hostilities and denies any commitments over Suez or ports.
MENTIONED IN THIS ARTICLE
Italy
Ethiopia
Rome
Gionale d'Italia
Benito Mussolini
East Africa
London
Great Britain
Mussolini
Geoffrey Mander
John Simon
Suez Canal
Eric Drummond
Thwarted Plot In Halifax Involving Power
Tali, white-haired Nicholas Power of Halifax then Chief of Police, now 91, helped capture conspirators who planned to kill the ruler then a prince at the Halifax Naval Station where he served as Midshipman.
MENTIONED IN THIS ARTICLE
Tali
Nicholas Power
Halifax
N.S
Halifax Naval Station
Blind Astronomer Dr Edwin Frost Dies at 68
Dr Edwin Brant Frost, 68, director emeritus of the Yerkes observatory, died in Chicago hospital from peritonitis. The sightless astronomer, famed in astrophysics, continued work after retirement in 1931 and proposed the solar system formed by exploding stars using assistants’ eyes to observe.
MENTIONED IN THIS ARTICLE
Chicago
Edwin Brant Frost
University of Chicago
Yerkes Observatory
Williams Bay
Wis
Frost
Famous Jeweled Diamond Sails to United States
The Jonkher diamond, the world’s largest uncut stone, will be shipped to the United States. Ernest Oppenheimer, former owner, announces the sale to Harry Winston in New York with a reported profit of 435000 dollars. Oppenheimer originally bought it from Jacobus Jonkher in January of last year for 350000 dollars.
MENTIONED IN THIS ARTICLE
United States
London
Jonkher
Harry Winston
New York
Ernest Oppenheimer
Oppenheimer
Jacobus Jonkher
Slow Germination Delays Wheat Growth at Saskatoon Plot
Wheat normally emerges in 10 to 14 days but has taken 24 days on University of Saskatchewan plots due to sustained cool weather. Cloudy, cool conditions have persisted since snow disappeared.
MENTIONED IN THIS ARTICLE
Saskatoon
University of Saskatchewan
Radio to be discussed upon Bennett return to Ottawa
Ottawa report states radio will be a top topic with Premier R B Bennett on his return. The life of the act governing the Canadian Radio Commission was extended to June 1. Minister Alfred Duranetau, overseeing radio, is dissatisfied with the act. The commission has about 1 1/2 million dollars yearly from licenses to cover administration programs and leased wires leaving little for high powered stations. Proximity of federal elections may extend the present act for the year.
MENTIONED IN THIS ARTICLE
Ottawa
R. B. Bennett
Canadian Radio Commission
Alfred Duranteau
Marine
United States
Canadian farm loan board opens with Barnett as chairman
Ottawa reports the newly organized Canadian farm loan board held its first meeting led by chairman John A. Barnett who succeeds Dr. J. D. MacLean. Dr. MacLean remains a member with Charles Duquette and B. J. Roberts as comptroller of government guarantees. The board will select provincial superintendents to take over duties formerly done by abolished provincial boards under recent amendments.
MENTIONED IN THIS ARTICLE
Ottawa
Canadian Farm Loan Board
John A. Barnett
J. D. MacLean
Dr. MacLean
Charles Duquette
B. J. Roberts
Government Guarantees
Baronetc y to be conferred on John Buchan
London reports that King George approved a barony for John Buchan the author and parliamentarian who was named Canada’s next governor general earlier this year. Buchan may receive the title before taking up the post or remain Baron Buchan. he aims to study Canada closely and balance duties with personal life.
MENTIONED IN THIS ARTICLE
London
Canada
Buckingham Palace
United Kingdom
John Buchan
Dominion
Baron Buchan
Buchan
Atlantic
John Young
Lisgar
Windsor Castle
Oxford
C.H
Canadians
Prospects Good for Crops in Drouth Areas
Winnipeg reports a cycle of dry years may be ending as precipitation normalizes across the prairies. A R McCauley says most districts have 2 to 3 times as much rain since April 1 as last year, with Moose Jaw and Saskatchewan seeing notable gains. Ottawa says drouth rehabilitation programs will continue despite improving conditions to guard against future dry spells.
MENTIONED IN THIS ARTICLE
Winnipeg
Prairie Provinces
Manitoba
Saskatchewan
Alberta
A. R. McCauley
Dominion Meteorological Bureau
Prairies
Moose Jaw
Ottawa
Canada
Prairie
Drouth
G H. S. Barton
Grouth
Beatty Heads Scouts Toronto
E. W. Beatty KC president of Canadian Pacific Railway was re elected president of the Canadian Boy Scouts Association at the annual meeting in Toronto. John A Styles was named chief executive commissioner Gerald H Brown honorary Dominion secretary and Dr Francis H Gisborne honorary counsel. A report showed 352000 subscribed to aid Scouting growth with a 500000 goal likely by year end. Canada’s Scout total reached 65828 an increase of 1.62 percent.
MENTIONED IN THIS ARTICLE
Toronto
E. W. Beatty
Canadian Pacific Railway
Canadian Boy Scouts’ Association
Dominion
John A. Styles
Gerald H. Brown
Francis H. Gisborne
Earl of Bessborough
Canada
Portrait Gift Unveiled for Canada House in London
In a large gathering the Duke of Kent unveiled a portrait of His Majesty presented to Canada House. The replica mirrors the Jersey portrait given by T B F Davis to Victoria College Jersey in memory of his son killed in the war. Similar replicas are being sent to Australia and New Zealand headquarters and to Durban University.
MENTIONED IN THIS ARTICLE
London
Duke of Kent
Canada House
T. B. F. Davis
Jersey
Durban
South Africa
Victoria College
Australia
New Zealand
Durban University
Income Tax Revenue Up In 1934 Ottawa
Dominion commissioner C Fraser Elliott announced that income tax collections to date total 49.8 million dollars, 14.325 million more than the same date last year, with an anticipated total yield around 80 million dollars for the federal treasury.
MENTIONED IN THIS ARTICLE
Ottawa
C. Fraser Elliott
Dominion
Federal Treasury
War Vessels Arrive in London for Jubilee Visit
A 22-ship Royal Navy squadron steamed up the Thames for a jubilee visit. The fleet was led by destroyers, with the Orion flagship and the cruisers Leander and Neptune anchoring off London, marking the first such display in 20 years.
MENTIONED IN THIS ARTICLE
London
Thames
Metropolis
Flotila
Orion
Leander
Neptune
Also Mentioned on This Page
C.P.R
Dr. Frost
Jean Batten
Croydon
Beatty
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