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~ Hon. The intention is to provide:

mh Gems

curr Capital Goods Export Aid. Not On Govt. Priority List

By ALAN DONNELLY Canadian Press Staff Writer OTTAWA (CP) — The govern-| Insurance ment apparently has no present

plans to tae its sew power to put federal funds the financing of Canadian Qoods exports. That authority was included ia “egislation passed by Parliament we extend the functions of the Ex- port ‘Credits Insurance Corpora- don. But officials here say it is not expected that the power will > be used. ; However, there is provision the legislation te carry one further the Crown corporation’s main purpose of making it easier for exporters to get private fi- + nancing on their sales. _ GUARANTEES LENDER ; It will allow the corporation— with the treasury carrying the risk—to guarantee any lender who finances an export transac-

this only for~ export of capital goods and services.

This will be an extension of the torpordiion’s normal insurance policy, appearing as a stamped) endorsement on the bill of --ex-

Tues., July 71, 1908.

‘ernment, when drafting its ows Re eee eee

tion, did not plans to set up the

guarantees will be at the go ment’s risk under provisions for

ry insurance and guaraniee of transactions outside the” nor- mal scope of the corporation. The corporation normally insures short-term export deals against the possibility of non - payment through some exterior cause,

as non ~ transferability of Jadlar exchange or cancellation of impart Heenog,

ALMA

family, Milton, visited Mr. and Mrs. John E. Mountain recently.

Mr. Earl Ellis, West Cape, recently visited his sister, Mrs. James Dunbar and Mr. Dunbar.

ae

Mrs. James ‘Beaman, Boston, is visiting her pdrents. Mr. and Mrs. Hammond Crockett, Wood- vale for a vew weeks.

change issued under the export eontract.

The new legislative provision which isn’t expected to be used | would allow the corporation to buy and sell, or lend .on, these guaranteed commercial papers. |

Officials say that might be necessary for the government to! purchase these papers, since they | would cover terms of perhaps up to five years.

50,000,000 CAPITAL

One reason it’s not expected, this will be done is the emer-| gence of a private company whose purpose is to finance ex- ports of both~ commodities and eapital goods. This is the Export |

Finance Corporation of Canada’ idesaes Donnie inal Jackie O’- |

Limited, incorporated by Parlia-

ment this session with a capital |

of $50,000,000. : ¥% is understood that the gov-/

Lots of teenagers

ese Road

' DRIVE IN’

~ pleasing teeners from way, way back

here a habit. Pretty good idea. If

|attended the funeral of the late Wilfred Coffin, Mt. Stewart.

A those attending the C. Ww.L. vention from the Wes- tern part of the Province are Mrs. Joseph MacDonald, Mrs. | Wilfred Shea, Mrs. Walter Ho- gan and Mrs. : Milton Keough, Tignish, Mrs. Russel Callaghan and Mrs. Sylvere Chaisson Pal-

|mer Road and Mrs. John Wal- lace,

Alberton.

Miss Rae Donald, Charlotte town, spent a recent weekend at ‘the home of her parents, Mr.

Mrs. Wallace Donald.

‘Brien, are spending a weeks va- cation at the home of their un-

| ele and aunt, Mr. and Mrs. Bres-"

dan Wallace, Elmsdale.

make_stopping |,

. and plenty of it . . . take a hint from them, Drive in! THE TOWERS DINING ROOM CURB SERVICE TAKE OUT SERVICE 1 Mile from Ch'tewn

*s' himself carries at least 15 per

Mr. and Mrs. Preston Neil and |

The new guarantee arrange- | ment is expected to increase the ease with which capital exports can be financed. Under present insurance policies, an exporter

it

i F

i i

ala®®

cent of the risk of non-payment and this liability continues if he borrows te finance a sale.

With a guarantee, the govern- ment . would assume the. entire} risk, and any lender would not have to worry about having re- course to the exporter.

CO WEST! Take the Family, SAVE with the

Wr. and Mre. Woward Desber| .—

S Sis:

~_/ One-Way adult Fare For the round trip. 12 and

under 22 years of age.

Junior:

V2 One-Way Fare

Far the round trip for children of 5 and under 12 years old. Under 5 free.

—e Between Eastern Canada (Capreol, Sudbury, Cochrane, Windsor, Sarnia and east) and Western Canada (Winnipeg

and west). Between Canada and Midwestern and- Western + United States. Between Western Canada, and Eastern U.S.

@ Leaving Mondays, Tuesdays, Wednesdays, Thursdays

@ Stop-over privileges @ Generous Return Limit

@ 300 Ibs. Baggage Allowance

Console information from any C.N. or C.P. Ticket Agent.

CANADIAN PACIFIC

CANADIAN TIONAL

@ a

¥

FINA PRESENTS. Te.

A NEW SERVICE TO MOTORISTS *

SPECIFICALLY FOR THOSE MOTORISTS, NOT NOW CUSTOMERS OF FINA, WHO FOR .VARIOUS REASONS WOULD LIKE QUICK CREDIT FACILITIES.

WHAT IS I.C.C.? I.C.C. stands for the Instant Credit Card—an entirely mew Fina plan enabling motorists to become. acquainted with Fina, {és products and its services, without any delay.

WHO CAN USE I.C.C.?

1. Those motorists who intend to do considerable driving during the summer—and wha, though“holding a competitive credit card, may wish te establish quick credit with Fina to take advantage of the largest network of conveniently located stations in Eastern Canada.

2. produ

~~

motorists who are looking for improved service and better s and would like the convenience of immediate credit while sampling Super-Fina Alkyl-Gas, Fina Multi-Grade Motor Oil, and

the other quality products that have made Fina a motoring byword:

3. Those motorists who are driving for the first) time, and face the necessity of choosing service station facilities and products te be used on a regular basis.

1 HOW DO YOU APPLY FOR I.C.C.? Simply visit your nearest Fina - ~~dealer:-As_evidence— of credit standing produce -any—typé-of- credit —

identification you may have—competitive credit card or department store charga-plate, etc.—Without delay he will give you an I.C.C. , booklet entitling you to credit at Fina service stations.

" furn ta ot thie sign

o-. drive out with confidence

of leadership

xt Finest In Morth America

- CANADIAN PETROFINA LIMITED PRODUCTION + REFINING « MARKETING

re

“CARNIVAL

* OF USED CAR AND.

LOOK AT THIS OFFER

FREE! 4 NEW TIRES

ready on the car, on any deal of $700.00 or over. No Gimmicks

. .. No Contests, just a Big Free Gift when‘ you buy a Used Car from Goodspeeds Ltd. during this Great Sellarama “CAR”-

Nival.. Ht

~

“6” YES “6” 1955 Chev. Sedans

We have six 1955 Chevs., all completely reconditioned, some

‘have new motors, all have excellent bodies and interiors. Some Deluxe Models, some Eight Cylinder jobs. AH are Guaranteed

and in A-1 Condition.

YOUR CHOICE PLUS 4 EXTRA TIRES 47B—1955 Chev. Station Wagon SALE PRICE

nat! $1495.

SALE PRICE

Completely Reconditioned. Ideal for the whe can’t afford both a car and a truck.

60B—1954 Pontiac Sedan

An exceptionally fine automobile. Air Condition,

Heater, Reconditioned.

{5

$995- SALE PRICE ($995.

$795.

200A—1954 Dedge Sedan

A real Prize for some Lucky Buyer. Tires. Completely. Reconditioned.

Excellent

16A—1953 Oldsmobile Sedan

Here’s the Wondertul Performance of the Famous “Rocket” _— For _

57A—1958 Chevrolet Coach

| 52A—1957 Pontiac Coach

Yes, Absolutely Free, you get 4 New Tires PLUS the Tires al-_ |.» riven.

N, you 4 more.

| Two Tone. Low Mileage.

TRUCK VALUES !! «

SALE PRICE $2149. SALE PRICE

$2195.

SALE PRICE * $1794.

62A—1957 Chev. Deluxe Sedan ‘SALE PRICE

~~" $1794. | “jaa

$1489.

11A—1955 Buick Hardtop SALE PRICE ‘ff

Yes! 4 er go with this one, se $1689.

here is the car for that Vacation you are planning.

Gleaming Black. A-1 Condition and remember 4 Extra Brand New Tires.

49A—1958 Chevrolet Sedan

Air Conditioning. The Most Popular Car on the road. =

Green in Colour.. A Real Gem. iest be onda ont

Here’s a car with 4 New Tires

~~

301A—1956 Dodge Sedan

A one owner car that shows the care & has had.

18C—1956 Meteor Coach

Brand New Motor and Paint Job. Compleiely Reconditioned Plus 4 extra New Tires. A Real Buy.

%

NO DOWN PAYMENT EASY TERMS

LOW, LOW PRICES

HIGH TRADE-IN VALUES ON-THE-SPOT FINANCING HURRY, HURRY, HURRY SALE ENDS JULY ist.

“* Vea 1953 PONTIAC OR CHEV. SEDANS

We have four 1953’s all in A-1 shape and Toe recondition-

$895.|

ed. Two of tikece are one owner cars. Come in early while the selection is eompletes YOUR CHOICE AT

TRUCKS GALORE PRICED TO SELL!

340A—1957 Chevrolet Pickup Long wheel base, four speed. trans.

\

343A—1956 Dodge Pickup , Low Mileage. New Paint Job.

$1595. $995.

326A—1955 International Pickup _54B—1954 Mercury Pickup ; New Motor A-1 Body. a $945. re ccelent ‘Heavy Duty Tires. $795.

196A—1956 Chevrolet Pickup Complejely Reconditioned.

$1195.] $1295.

309A—1956 1 Ton Int. Pickup New Tires, 4 Wheel Drive. 22,000 Miles. A-1 Condition.

332B—1953 Willys Jeep

$695.

14,000 Miles, 4 Wheel Drive.

CHEVROLET OLDSMOBILE

; cellent 825 x 20 Tires.

OODSPEEDS « P.E.1. LTD.|

“PRINCE EDWARD. ae S FINEST GARAGE!

345A—1955 GMC 3-Ton |

Beautiful Condition. One Owner. Ex-

CADILLAC ° VAUXHALL