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Newspaper
Miniota Herald
Location
Miniota, Manitoba, Canada
Date
Jun 15, 1950
Page
2
Canadians are largely aware that foreign capital funds industry and development. Financial experts say locals could invest more of their money in new Canadian enterprises if they choose, despite some dissatisfaction with current foreign investment.
Mr J. and Coyne deputy governor of the Bank of Canada told the Canadian Life Insurance Officers Association that Canadians have saved over 3 billion dollars in four years and are adding about 400 million annually. He said surpluses could meet investment needs, yet most foreign capital remains drawn here as Canadians favor conservative housing mortgages over riskier new enterprises.
Speaker argues investment in mines forests oil fields and other natural resources is crucial for Canada's future. He notes substantial foreign funding, with half of corporate dividends paid to non residents, and warns that outsiders may take the lead in developing national resources. Canadians must choose to invest or risk surrendering key ventures to Americans Britons and Europeans.
Calgary boxer Jimmy Nolan leaves for the United Kingdom to challenge for the British Empire welterweight crown and eye the Empire title held by Eddie Thomas of Wales. Nolan has a high knockout rate since turning pro three and a half years ago and plans to defend his Calgary title this fall. Leading contenders include Phil Palmer of Vancouver and Al Marotti of Edmonton.
E. R. Hughes reports Alberta life insurance sales rose over fivefold from 1944 to 1949. He notes total purchases reached 107 million dollars in the province last year at a Life Managers' conference.
Whip 40 percent cream with confectioners sugar and vanilla. Spread in a baked pie shell and top with sliced or whole berries. Glace sauce blends strawberries sugar corn syrup water and cornstarch, boils, then thickens. Strain and pour over berries. chill before serving.
A simple butter cake method uses 2 cups sifted cake flour 2 teaspoons baking powder and salt 1 cup butter 1 cup sugar 1 unbeaten egg cup milk and 1 teaspoon vanilla Sift dry ingredients together three times Cream butter and sugar then beat in egg Add flour and milk alternating until smooth Stir in vanilla Bake in a greased 8x8x2 inch pan at 350 degrees for 50 minutes
The Army plans summer training for a peacetime record 15000 reservists this year a one third rise from last year. About 7000 will train at Petawawa Ontario with others at Esquimalt Chilliwack Wainwright Dundurn Shilo Picton Valcartier and Aldershot. Peak summer turnout was 30000 in 1940 and 11000 last year. Experts say about 60 percent of accidents could be prevented.
The Saskatchewan Amateur Golf Association declares the Saskatchewan open will be held at Wascana Country Club Regina on August 26 and 27. The Western Professional Golfers Association will sponsor the event. It will be a 54 hole tourney with prize money between 1000 and 1200 dollars and expect at least 25 pros from Saskatchewan and beyond.
A collection of light jokes and anecdotes reflecting social manners and dated puns. The pieces depict humorous exchanges between couples, a police station quip, a mortgage of wit about a car, and a street speaker confronting an interrupter during a crowded event.
Ottawa reports the revenue department raised the tariff on United States fresh strawberries from 10 percent ad valorem to a specific 135 cents per pound. The measure, sought by Canadian growers, targets shipments to Quebec and Ontario east of Port Arthur and lasts six weeks before reverting to the old ad valorem rate. Local horticultural council chief L F Burrows says the move protects domestic farmers during harvest season.
Alberta paid off 14,486,000 Canadian debentures and 4,091,000 sterling stock on June 2 in Canada and Great Britain. An additional 1,182,000 United States pay debentures retired, cutting provincial debt by 19,759,000. Refunding in New York of 59,885,000 US pay bonds at under 3 percent reduces total funded and guaranteed debt to 101,227,000 from 148,613,000 in 1936, with estimated savings of 22,000,000.
Kirkland Lake Lions Club bars mailing privileges after using the mail system to distribute raffle tickets. Postmaster William Gavan announced the ban will stay in effect until the raffle is drawn.
In Vancouver L. D. Dueck, head of an automobile firm, gives a new car each year to 100 senior employees and provides junior staff with a car during their vacations. The program, started in 1942, expands to year-round for seniors in 1945, with cars returned yearly, no charges, and no conditions. Officials say the heavy capital cost yields higher workmanship, plant efficiency, and productivity.
In Kewanna Indiana publisher Bill Lyon announces the Observer office will close June 1 2 and 3 due to good fishing conditions. The door remains open for patrons to leave news items advertising or request estimates for job work.
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