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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Jan 18, 1951
Page
3
James Muir warns inflation threatens Canadian democracy at The Royal Bank of Canada annual meeting. He argues wartime rearmament drives demand cuts, outlines three peacetime spending areas to reduce, and urges controls or taxes if voluntary saving caps are reached.
A historical analysis argues income taxes can curb inflation yet risk harming savings and democracy. It urges targeted tax relief for bona fide saving, limits on exemptions, and a stronger push to reduce evasion while warning against heavy corporate or excess profits taxes and blunt controls. It stresses prudent government spending as vital to preserve the free economy.
The Royal Bank of Canada chief announced assets exceeding 2.67 million dollars the highest in Canadian banking and deposits reaching 2.397 million dollars a new peak. Accounts surpassed 2 million with about 1.9 million in Canada. profits rose by 9,265,895 dollars after deductions. The bank expanded to 653 branches plus 37 sub-branches in Canada and 61 offices abroad, with plans for more and emphasis on foreign trade support.
Early rheumatic fever diagnosis can alter a child's life between normal existence and semi invalidism. If a child has frequent nose bleeds, reduced appetite, limb pains, listlessness, pallor, and poor weight gain, consult a doctor. Medical science can prevent major rheumatic fever consequences by managing diet and health.
Horticulturists announce the 53rd annual convention in Winnipeg February 14 to 16 led by Provincial Horticulturist F J Weir. M B Davis will receive the Stevenson Memorial medal from Minister F C Bell. Davis speaks on strawberry development at Ottawa’s Central Experimental Farm.
Provincial barley contest organizers in three western provinces have extended the deadline for shipping entries to February 2 due to car shortages and seed stock concerns. Inspectors will sample farm stocks and any entrant with at least 1 067 bushels of malting barley and an entry may compete in the final judging. Final judging is February 16 and 17 in Winnipeg with interprovincial and consulting judges assessing awards.
The Old Well Spring at Bath England has released in 180 years enough solids to form an excavation six feet wide three feet high and nine miles long yet the water remains perfectly clear.
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