GOLD CORD IS PRESENTED

Badges and cords were pre- sented last night at a meet.- ing of the lat and 3rd Char- lottetown (St. Peter‘s) Girl Guide Companies. Two girls were also enrolled. ere Mrs. Gordon Avard. provin-

cial commissioner. presented a gold cord. Guiding’s high- est award, to Sharon Wright. 'At left is Janice Machlliam. newly-enrolled guide and at right is Janet Rankin, who

received her second class badge. Also enrolled was Rebecca Wellneir.

ISLAND NEWS PAGE

Summerside And Prince County

SUMMERSIDE In Sup- reme Court at Summerside yes- terday Chief Justice '1‘ h a n e

.S'side Man

SUM‘M~ERSII)E —— A Summer-i side man, Walter Joseph “Pea- nuts“ Arsenault. was charged in pol-ice court yesterday after- noon with breaking, entering and committing an indictable offence. He was remandto to Friday. with bail set at $2.000.

The charge followed alleged intrusion into two Sum-merside, homes, the assault of the lone occupant of one of the residen- ces, .. . G. Lewis, and [the theft of about $40 which ‘;was taken from her purse.

. , The incidents took place about i3 a.m. yesterday morning, with lthc first house ntered being

6 lithat of Carl Moase, where the,

Jane Lar- ‘8 pm. mass Saturday evening:

kin received her first class ;

badge and Heamher Ormm {saw his brother lying on

received her all round cord.

Five Testify At Opening

Of Manslaughter

SUMMERSIDE — Five Crown witnesses gave evidence yester- day as the trial of Earl Joseph Brennan. Sea Cow Pond. charg- ed with manslaughter in the death of Roy Hackett. a North Cape fisherman on Oct. 6. com- menced in Supreme Court at Summerside yesterday before Chief Justice Thane A. Camp-

ll

Deputy Attorney - General J. A. McGuigan is conducting the case for the Crown and J. Wat- son MacNaught. QC, is defence counsel.

First witness to give evidence was Dr, Stanley Helllmich of Alberton who related being sum- mon farm of Vcrnonl McCarthy. Sea Cow Pond 0 hi the morning of Sunday. Oct. 7 and finding a body lying on the ground. The doctor said he didn't know the man and didn‘t see any injury as the body was not moved at that time.

He stated he noticed some-

thing resembling blood around I

LATE NOTICES

(Also see announcements in i columns adjoining Classified Ad- ' vertising section.)

PAQUE‘I‘ — Suddenly at his home in Scum. Tuesday. Dec. ll. 1962, Frank Paquet. in his 56th year. His rema-insl were transferred from the Pen-y Funeral Home to his late residence, fimm wh e the funeral will be held Fri-

leaving the

5 for Requiem

High Mass at 9:1!) in St.

Mary’s Church. Souiris. Inter-

ment in the dhurch cemetery.

MacNEILL -- At the Prince Edward Island Hospital. Tuesday. Dec. 11. 1962 And-

rew R money" a; Salimport ithey had two pints and part of i

in his 78th year, Resting at the M80138!) Funeral H

2 pm. Interment will be Sherwood catheter-y.

MORAN — In Massachusetts. Monday, Dec. 10. 1982. Mich- ael Moran formerly of Fox- leyRiva.Iotllivnhis73rd year. cannabis will ar- rive this Wednesday evening to Jelley's Funeral Home then forw to St. Brid- Cit’a Hdl. Mineral on Friday

High Mass at 9.30. Interment in the chum canetery.

Royal Trust Executive Changes Announced

aoaa MN. O.¢.l.‘.

the nostrils of the body. When asked how long the man had been dead, Dr. Hellmich replied “it is very difficult to answer that question". .

On cross examination by Mr. MacNaught the doctor in reply to a question “Could an over- dose of alcohol cause a hem- morhagc" replied “maybe in very peculiar conditions."

Stephen Vincent Brennan. bro- ther of the accused. told the court he went to Tignish around eight o'clock Saturday morning and on return went to McCar- thy's around 9.30. Accused. Earl Brennan was with him he stated.

SEVERAL PRESENT

He said there were several people at the McCarthy home at that time including Marvin Hackett. a cousin of the deceas- ed: Vernon McCarthy. Florence McCarthy ta man). Donald Brennan. a brother of the ac- cused and Ralph Arsenault. He said all of them were drinking.

He returned to McCarthy's again that morning and about 2

o‘clock that afternoon he said. ed

and after staying a few minutes he left. On his way to his car he Imet Roy Hackett. who had just icntered the McCarthy yard in ‘his truck. Brennan said h Ispoke with Hackett for a min- lute or so. adding Hackett was idrinking a bottle of beer.

He stated Marvin H a c k ett was lying in his truck at that {time while Donald Brennan, Em :and Roy Hackett were talking ‘in the yard. Witness testified

Iaccused was drinking "a good: .

tbit" but was not drunk. than SHINE

‘ Joseph Ralph Arsenault stat- 3.4 by

[home around 10.30 Friday night ‘with Donald Brennan. He saidj

led he went to the McC a rt

another bottle of shine. They Ihad a few drinks and went to bed, he stated and got up next morning around nine or so. Lat- er that morning severai of them went to Tignlsh to see Marvin Hackett‘s boat and then for a

McCarthy's. He said he went to sleep somewhere along the way .and was awakened later in the lafternoon.

The witness, Donald Brennan and accused walked to Wilfred Brennan's. father of the accus- ed. Accused kept on going to- ward his own ome loc ated across the road, he testified.

Vernon McCarthy. Sea Cow Pond, farmer told the court he lived with his brother Florence.

JACK PINIROKI. c.a'.:'. '

Following a meeting of the Board of Directors of tin Ml TN“ “III-It! yesterday. these executive changes, MW January 1. 1963. were announced:

Ron Chrhaon, D.C.L., retires as Chairman of the Board “for Ed mra' service with the Company. to become

“watchman; luck Pembroke. can, President since 1955. succeeds

Trial

He said he didn't recall any- thing of Saturday, Oct. 6. add- ing “1 don't even remember if I came downstairs or not". He said he remembered Mar- vin Hackett, Ralph Arsenault and Donald Brennan coming to his home but didn‘t know whe- ther it was Friday night or Sat-

urday morning. he said, “they brought moonshine. I a wine in the house".

McCarthy said he could

re- call Sunday morning, Oct. . He woke up Marvin Hackett and they went outside and saw a man lying beside a tru c k. They thought the man was sleeping, he stated. was still quite dark. The pair went to Tignish for beer. h e testified, but he couldn‘t re- member if they got any. When they returned home they went

lying and shook him. also felt his body and found he was cold. WASN'T SURPRISED On‘cross - examination Mc- Carthy said he started drinking 5 metime the previous Thurs-

ground as he thought the man was probably drunk Melvin Hackett.

morning of Saturday. Oct. 6 and

t

adding it 1

over to where Roy Hackett was]

I

day. He said he wasn't surpris-lton: Wendell Rogers, St. Elean- 0 see a man lying on the 3 hrs.

a brother ofldcncc for the Crown but it’s not the victim. told of seeing R oylknown how many .defence wrt- ackett several times on theiness will give testimony.

also seeing his truck in the Mc-l10.30 this morning.

,intruder was frightened away

Carthy yard on three occasions Iby Mr' Moase Who was awak"

Saturday afternoon and early‘,‘med by "1°. prom”-

evening. He testified he 8150; After running fromthe Moase

saw accused‘ Ear] Brennan a“residence the man is believed to have gone to the nearby.

t

The Guardian, Charlottetown, Wed. Dec. 12, 1962. 3

A. Campbell paid tribute to the late Judge Allison Dysart of iNew Brunswick who passed avav a few

i \ , days ago. u ,“Bcfore proceeding to business Vol day. the court will pause to ipay tributc to a distinguished

gmcmber of the judiciary of our 3ncighbouring province who died ‘on Saturday. It was my privil- cgc to have very close and cor- dial association with the hon- ourable Dysart, both in the aca- rcsidcuce of Mrs. Lewis where domi“ field am I" that Of ‘40"- the lower floor was ransacked. emmeni admlnlsn‘ailon When he The intruder then entered the “’35 Premier Of New BrUflSWit‘kt" bedroom of Mrs. Lewis with a; “He particularly won the gra- hardkerchicf across his face, Ititude of Prince Edward Island- and struck her, forcing her to,crs by constructing two exccll~ open a safe which contained ,cnt paved highways from Monc- only papcrs and no cash.

In concern for her safety Itit‘s. Lewis gave him the money from her purse amounting to about $40.

Summerside Police Constab- lcs Carlyle Ncwson and Neil Sharpe who were called to the‘ area followed tracks in the snow which led them to Sheen

at Cape Tormentine. Premier: ‘Dysart’s great personal magne- tism made truly one of‘ New Brunswick‘s beloved citi-" zens.

DENIES CHARGE

TORONTO (Cpl—RCMP offl-l cials denied Tuesday that the force has dossiers on University

Vs‘met Where they OVC‘TIOOI‘ of Toronto students who have Arsenault, and after a chase [ n part in campus political?

and a Struggle in which he 1‘9- activities. The denial cam

ststed arrest. they took him in after the student newspaper,‘ custody. and retrieved. a bottle ‘Varsity, said in an editorial that, of rum which they believed fell the RCMP was investigating from his pocket during (the students — especially members struggle. of leftist organizations.

ton to the P.E.I. ferry terminal‘

lChief Justice Pays Tribute To Late Judge Dyscirt Of N.B.

He was continuously a lllt'nl- ber of the legislature for 22 years. On retiring from the poll- tical arena hc appoinch judge for Kent county and to so the words of the present

I

“'85

pr

ldistiuction and "art's" Ilu'

1rcspecl of the legal pi'otm

throughout the province " "i believe this curl

for the citizens of PEI w‘r

emier. "he served with a” .‘t

1 l

but". .

1

it, expresses deep sympathy "o

Mrs, min.

Dysart and sorrowinu in- ,.

.ludgc W. E. Darby stated he wished to associate himself will] the Chief Justice in the tribute to the memory of Judge Dyson.

CLEARING

O Ranges

l O Refrigerators

O Laundromat

. O Radios. Electric & Transistors

O Floor Polishers

O Vacuum Cleaners

ALL ELECTRIC APPLIANCES

AT COST

O Heaters

O Blankets

O Frypans

O Toasters

O (‘offee Makers

O Mix Masters

O Clocks. Shavers. etc.

Open every evenin

2 until Christmas

CENTRAL PLUMBING

HEATING and ELECTRIC LTD. CRAPAUD

The witness stated he next3 the

ground around 8 am. Sunday morning in the McCarthy yard. He stated his face was dark in color and he knew something was wrong. He contacted a bro-_ ther John who summoned the olice. On cross- examination he stated Roy Hackett wasn't a heavy drinker, as far as knew.

During selection of the petit jury yesterday morning Chief .ustice Campbell refused

Means must be Taken to Ensure

’ A BEHEI' Role Of GI'OWTII for our ECOIIOIII right to the Crown of peremp- of

tory challenge to members the jury panel who had already been "stood aside" after objec- tion v Mr. MacNaught. How- ever, His Lordship later stated that the ruling was not to 9 considered a precedent as the practice of the court has been to the contrary.

The Chief Justice stated he was leaving it. the option of the Crown whether they wished to proceed with the case with the jury that had been selected. Mr. McGuigan replied he had no ob- jection to proceeding with the jurymen that had already been i

...Thc year about to end has been .haracterized by a fair degree of prosperity. The gross national pro- duct incrcascd during the year. Ac- cording to the latest statistics, we . may expect a rise of about 6% in 3 current dollars and 5.4% in physi- cal volume. The main factor in this increase will apparently be govern- ment expenditures for goods and services. which so far have risen by 8.7%. On the other hand. consumer cxpcnditurcs are showing signs of snftncss and Ihcrc is every indica- tion that a lower portion of income will he dcvotcd to consumption this year than in 1961. The fall in expenditures for nomdurable goods and for services is mainly respon- siblc. for this new trend. Durable goods, on the other hand. have en- joyed an enlarged market in 1962 and the brisk demand for new cars, refrigerators and television sets de- serves special mention in t is re- spect. Duo partly to the upturn in this type of cxpcnditures. outlays

noscn. JURY MEMBERS ,

Members of the jury are John' Muttart, Albany tf‘oremani: Harvey Colwiil, S h e rbrooke; Thomas Silliker. O'Leary: Shel- on H o w a t t. Tryon; Clayton lt'lacLurc. Lower B e d 9 q u e; Prowsc Chappcll. Sherbrooke: Walter Burns. Freetown; Alfred Foley, Alberton: Edwin Daw- son, Conway RR; John Donald, Alma: J. Leo Gallant, Welling-

Eightcen witnesses are ex- ported to be called to give evl-

J.-Ubnld Boyer

The trial was adjourned until. for machinery and equipment have I also bccn rising since second President quarter of 1961.

Brennan, Basil S p e a r s. i

case of beer. They returned to ‘

of course, she wants ’

fur for Christmas

O Jackets from $130.00

O 24 months to pay

O your down payment can be your first monthly payment.

.island t Iumers Itdfii

0 ° 0

. i I § 79 Queen Street Dial 2-1273

'2?”-

.‘0

.

Unemployment and Immigration " _ ' ‘ which has been a matter of so much conccrn for several Wars was rcduccd qlute. substantially during the first three 962... ro doubt. hctter

cd to this iniprnvcmcnt. It rcmains, however. that as n rcsult of various restrictions on immigration. our ac.- tivc population has grown at a lower rate for some time. ...Tlic Prcsidcnt of The Provincial Bank thcn spoke bricfly about auto- mation and strcsscd thc need to tackle with resolution the various problems invo vc .

Foreign Trade and Austerity Measures ,

Our exports of goods and services have increased substantially in 1962. Nonetheless, the. current account deficit has become cvcn more seri- ous, mainly because of the increase in our cxtcrnal payments for ser- vices. intcrcst and dividends...ln this crt. the fundamental im- balance of our relations with nthcr countries, ' h has created so

l much concern during the last few

years, has not yet hrcn corrcctcd to any large extent. in spite of many attcmpts to promote our exports.

JOHN I WELLS

Mr. Clarkson as Chairman of the Board and continues as Chairman of the Executive Committee: John M. Wells. Vice-President and General Manager for the past seven years. succeeds Mr. Pembroke as President: Conrad F. Harrington, Vice-President and Supervisor of Ontario Branches, returns to Montreal to become Vice President and General Manager.

- . Boycr then commented the devaluation of the Canadian dollar . and thc austcritv mcasurcs taken by the Canadian government. csc measures, iointly with temporary monetary restrictions. made it pos— aiblc. to correct promptly a difficult ' which psychological factors were to a large extent rc- sponsiblc. We have witncsscd lntcly Ithe dismantling of some of the mea- sures included in thc austerity pro- gram and this is quite normal. c shall have to guard. however, against any untimclv revaluation of our dollar. The new ratc has already affected various scctors of sct‘nndary industry. cithcr by softening the impact of competition from foreign goods or by making it caller to pro- mote our exports more aggressively.

Monetary Conditions

...During the first six months of the year. banks were faced with a sub-

stanlial increasc in customers' crcdit needs. but the banking system

CONRAD F. HARRINGTON

found it easy enough to meet this demand. sincc the central Bank was prepared to increase the money sup- ply. Thanks to the expansionary policy adopted by authorities, char- tcrcd banks were not required to reduce significantly their investment portfolios, while intcrcst rates were rather stable for that period on both short and long term bond markets.

With the mouth of May. however, it hci-nmc obvious the expansion of thc moncy supply had been rhcckcd and the. banks. in ordcr to meet the crcdil rcquircnicnts of the economy, ltlfl to rcilui-c lhcir portfolios. This shift had hardly hcguntotukc shape when the financial crisis already rcfcrrcd to broke out. In the arca of monetary policy. austerity took the form of a contraction of more than 8600 millions in the money supply. As a rcsult of the corre- sponding reduction in their assets. ban '5 as a wlmlc did disposc of about onc qunrtcr of their Covcrn- nicnt of Canada scruritv holdings in ll‘ss than three months and had to limit appreciably the growth of credits. It was quite normal, undcr such circumstances. for interest rate: to risc significantly...Forcign capi- tnl found in incrcnscd viclds fresh indurcnwntsto comctn Canada and. in this rcspcct. the mcasurcs takcn wcrc quitc successful—enough. in- deed. to make it possible, as early as Scpicmbcr. to release the. pres- sure on the money siipplv.

Sinrc thcn, the liquidity of the banking svstcm has iiuprovcd mar- kcdlv. interest rates have fallen al- most to their previous lcvcls and banks arc again in a position to meet all lt‘gilimatc (‘rcdil require- ments. Monetary policy should now rcvcrt to its traditional obit’ctivc. i.c. it should. in thc rircumstanccs. aim to promote economic expansion and. hv influencing the levels of interest rates, to induce business- mcn to undertake capital cxpcndi- lures. At this particular iuncturc. lhc ccnnomy could not rasilv absorb an inrrcasc in credit costs. While making this statement. we remain fullv aware of the problems and limitations of monr-tarv policy. as we had occasion to point out in the past.

Capital lnvcslmcnls

It is gi'ncrallv cxpcctcd that Iihr

States will slow down at the begin- ning of 1963. and this could affect

. In both countries, the basic problem is one of investments... Since 1957. both countries have found it difficult to increase their capital investment at a satisfactory rate. and this accounts largely for a lack of optimism in various quar- ters. The contrast between the Ame- rican economy. which is Mging, and the European economy. whose rapid growth has stunned the World. has led both business and grwernment, in Canada as well as in the United States. to question some of the principles by who they have been guided in the pasL This explains, for instance. the ac- ' ' ich seek to amend the whole in

b i Summary of address by the President of The Provincial Bank of Canada, Mr. .l.-U. Boyer, at the 62nd Annual General Meeting of Shareholders held in Montreal, December llfh, 1962.

the creation of a Roval Commission on Taxation. In line. with this is the interest shown in various quar- ters for planning and for new eco. nomic structures. While. public opinion is more and more conscious of this acute problem. the search for a definite and concrete program has not so far made much progress. All concerned should now make it a point to share in the. urgent task of economic renovation.

The Quebec Economy

People in this province. if we are. to judge from ideas and move- ments we observe on all sides. are already well conscious of this phi- losophy and. since. the greater part

.of this bank's business is centered ' this province. we cannot but.

structure and which. at Canada. has led to

to give our preferred attention to the

various proteins now under study. Business has improved lately in the province... nemploymem is. none- theless, serious in some districts and the Quebec economy is suhiea to wide fluctuations on account of the very structures of its activity« this being also the case in various other economic regions throughout Canada. where primary industry '5 the mainstay...lnstabilitv. let us stress it, is t . common lot 0

economics based on the exploitation of raw materials or natural re- sources which are then to constitute the bulk of their exports...Unti1 industry can create internal dyna- mic. forces, the main hope for growth can only be found

which made to indusmalizo this provmce through appropriate chang n prese

evolution of our economy.

Increased Contribution of The Bank to our Economy

Extract of address by the General Manager. Mr. Léo Lavoie.

The vitality of our Institution is clearly illustrated in its 62nd An- nual Report. which I have the priv- ilege of examining with you to-day.