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By ALAN DONNELLY Canadian Press Staff Writer OTTAWA (CP)—Finance Min-

_ ister Fleming said Thursday a there is renewed vigor in Canada’s economy and predicted

above-average rise of seven in national production in

BEB mn

forces of growth and ex- have reasserted them- .” he said as he presented| to ‘1959-60 budget — his second " fiscal report to the

zg forecast for this year $34,500,000,000 in Gross National Production — the _ value of all goods and services ' produced.

His prediction of a seven-pef-

Hy

Be RR RW Aa ORR ing AIRE i ERE Eh HERE oe we ten RE RN i, rence, ee

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crops, stable prices and no ‘‘un- ’* happenings abroad. Minister said the country, which experienced post-war rec- in unemployment | this last can expect “‘a rapid in employment opportu-

UARD | He saw'‘no signs of “overt in- flation’’ this year, but said Can- ada must be “on guard against | potential inflationary pressures.”’ The main impetus to economic from rising ‘ because of fat- _ ter pocketbooks. Higher corporate _ profits also would play a role. But he indicated that ‘‘no large exports” is expected,

ihe

: He renewed past warnings that ' Canada must keep prices down _ if it wants to hold its markets, and said producers are already ; facing difficulties in selling goods _ abroad and meeting import com-' _ petition at home. i Mr. Fleming's prediction of a _ geven-per-cent rise in the Gross ' National Product would involve a) production gain of $2.316,000,000|

_ from the 1958 level of $32,184.-|

000,000. The rate of increase, well ahead of 2.5 per cent in -. 1956 and 45 per cent in 1957, _._ Compares with the last big -pro- _— jump of 11 per cent in

_ TRADE CONCERN

Dealing with trade,. he ex-

pressed strong concern that the |

_ fecently-formed European Com- ' mon Market may fence itself

' off from other trading nations |

_ through trade barriers.

_ ‘There were “‘stromz pressures”

+ within the six - nation Common

| Market toward discriminatory trade quotas against the outside world.

: “This, together with the ros-

+ sibility of higher.European tariffs

at a later date, is seriously dis-

_ turbing to other members of the

North Atlantic Community and

» eould exercise a divisive influ- - ence within the alliance.” : Turning to US. Mr. Fleming said there is ‘‘strong resentment” against U.S. import curbs on lead, zine and oil. Can- ada would continue to press for removal of those and other “un- justifiable” trade barriers.

In his economic review, he said Canada can and should hold the line on inflation.

“I reject. the doctrine of either the desirability or the inévitabi- ‘ lity of creeping inflation. . . . To » a@rgue that inflation is inevitable fs a reflection upon, indeed an insult to the intelligence and the moral fibre of free peoples.” | STABILITY POSSIBLE

Referring to the decline in the Consumer Price index in the last four months, he acided: “I be- lieve that it is well within the power of Canadians to achieve reasonable price stability without

A GORI NR Ge A ee

IS

ne era ee

| "The budget’s optimism about | the economic future aparently was based on several signs of of -1958.

"per ‘cent in that last quarter— quarterly rise since

though |

trade policy,.

' wpturn in the last three months) Consumer spending rose three)

BATORY AT QUEBEC»

was five cemt above Janu- ary’s low point.

Personal incomes after taxes were up seven per cent in 1958 and Canadians tucked away into savings one-third of the increase —‘‘an unusually high proportion.”

“A return te-more normal lev- els of saying saving together with the anticipa‘ d expansion in per- ~_ incomes can be e

impart still greater strength to consumer spenling in the months ahead.”

Corporate profits, although down five per cent in the full year 1958, were on the upswing in the third quarter and rose eight per cent in the fourth quar- ter. :

The profit recovery should en- courage capital investment by business.

AID TO PROVINCES Mr. Fleming made these other

| Policies Based On 7 Per Cent GNP Rise

000,000 in the 1959-60 fiscal year under the federal-provincial tax- sharing agreement. Total federal payments to provinces and pro-: vincial institutions, including con- ditional grants, will be an esti-| mated $1,212,000,000 almost double the $689,000,000 in 1956-57. | three: years ago.

2. warveVer sme’ ts head] operations in the last fiscal year have lengthened the average) term of outstanding bonds. The average bond interest rate rose} to 3.60 per cent at year’s end March 31, compared with 3.06) per cent a year earlier.

3. There has been a “healthy development” in recent months in that the general public no longer is reducing its holdings :f government bonds. Public hold-| ings of federal bonds, at a low | point of less than ‘ $8,000,000,000 last September, have jumped bv $1,560,000,000 since then and now

Points: 1. Provinces will receive $684,-

are at the highest point in eigh: years.

The March issue of the “Can- several Island Ayrshires whose

ceived in the Association Of- fice from January 16, 1959, to February 15, 1959. Names of

sires are given in brackets. All| the cows listed have scored) 120% or more of breed class’

Figures , represent , pounds milk; per cent of breed

average; pounds of fat;

class! per |

percentage of fat. | MATURE CLASS (5 years te 9 years)

Charlottetewn Dimple Gertie) —388355—(5 years) (Burton | Duellist) Director, Experimen- tal Farms, Charlottetown, P.E.I. 12,170; 141; 537; 152; 4.41.

Lelands Royal Victoria 5th— | 357486—(8 years) (Leitchcroft Gay Champion) Andrew B. and Fred T. MacRae, Charlottetown, P.E.I. 12,963: 150: 531; 151; 4.10.

Long Hill Burton 363096 — (7 years)

(Ingsbrook

Sons, Dundas, P.E.I. 13,298:

151; 509; 143; 3.83.

Cloverview Gladys— 357553 — (Cloverview Major) - Moase & Sons, Kensing-

(7 ge Ww.

You'll

in Decorator Colours

GORE &

adian Ayrshire Review’ lists! 4.45-

240-305 day records were re-) 491618—(4y/246d) (Dunduff

Burton 2nd) J. A. MacLeod anZ|°

our Favorite Shopping Centre

P.E.I. Ayrshire Show Fine Records For Production

ton, P.E.I. 11,378; 130; 506; 142;

| SR. 4-YEAR OLD CLASS

Fairvue Bright Lass 2nd—

Gilt

| Edge) A MacRae and Sons,

; Charlottetown, _P.E.I. 11,102; | | 132; 510: 147- 4.59. °

JR. 4-YEAR OLD CLASS

Kimberley Bubbles 23411180 Fairvue Benefactor |

= a he MacLeod & Sons, Cardi-

average in both milk and | a PEL. 11,024; 127; 464; 141; | | 4.21.

SR. 3-YEAR OLD CLASS Raeburn. Alma —410570— (3 yrs

cent of breed class average; and| 331d) (Fairvue Sovereign) Earle

McRae, New Wiltshire, P.E.I. 13,756; 173; 528; 161; 3.84. SR. 2-YEAR OLD CLASS

Raeburn Beverly — 422854 —

the Prince E~ -gry' Island

° ; Keith Boswell acted as chatr-/oat that at SOR Serine tenet bli! teaieaaeiad alee Apr. Dine Tryon man and introduced the guest|a t for well-defined rules 1 1868. 1 speaker, Heath’ Macquarrie; M,jand a a's avis - * one’s best by all Keith Thoma ; bere alto 0.0ke. brief! , P. of Victovia. Mr. Macquarrie The team chain. Miss Betty | paid tribute * *o the oa ihe ‘ Legionettes ert the team mem-| Ken facLean oi m mam-| MacLean, expre.sed thaitks -to|coach and manager. | fe eg pb et: - ea lam’ record tay inion prodding the tenant Aamaaee? program wes i eee ‘he o Se In com aring athletics and pub- oe arm words praise The alternate captain, Mrs. Alice} ried out with Mrs. Keith Be: recently |ie life, Mr. Macquarrig pointed |for the play ers and thelr coach, Gerdon, and other team ,mem-'as pianist.

hoc’-v team, the Tryon

Legionettes, were presented a banquet in their honouy. After a bountiful meal served on. well oes to tables, beautifully decorat- ‘led in the team colors, Roval Blue and Gold, an interesting Program was carried out.

PISQUID EAST

Mr. and Mrs. Floyd Jay with -= sons. Merlin and-ipwin;. and« Mrs-|- Harold Jay, motored to Char- lottetown. Wednesday.

Mrs. Owen Keily was a ‘visitor in Charlottetown Wednesday.

Miss Georgie Dover aad Miss Mildred Rodgerson, teachers from this vicinity attended the teach- ers’ convention in Charlottetown during the week. \

Mrs. Harold and Mrs. Floyd Jay were hostesses to the La- dies of the Pisquid East Women’s Institute Wednesday night, April Ist, after routine business was completed, @ contest was put on by Mrs. Howard Kelly, won by several ladies and drawn by Mrs. Levi Jay. Another contest put on by Mrs. Wallace Birt won by Mrs. Levi Jay. Lunch was served by the hostesses;

High fashion

experts finally agree

(2y/253d) (Burnholm Pathfind- er) Earle MacRae, New Wilt- shire, P.E.1. 9,913; 136; 378: 125;

JR. 2-YEAR OLD CLASS Cloverview Cindy — 429155—

422980—(2y/141d) (Clover Crest New Design) Director, Experi- mental. Farm, Charlottetown, P. E. 1, 9,376: 134; 412; 141; 4.39. “

On the Parisienne Scene

Wonderful news .. . at last fashion experts are unanimous in their choice of the most glamorous creation of the year. It’s the most exciting new look in ages... the 1959 Pontiac Parisienne! Daring Twin-Grilles are the focal point of this beauty—the lines are crisp, clean, fresh as a daisy. The rear deck is sculptured out to give a lower, sleeker look. Glass area goes up and down and all around—lets you watch all the heads turning as you sweep by,. Interiors? Fabulous! Pontiae takes fine materials, dyes them all the colors of a summer sunset—mixes and matches them in the most exciting color trims and eombinations ef the year. How marvellous to show your new spring outfit off in interiors like these, And just to show you it’s a womah’s

TT

A flick of the wrist and you're round the eomes. A touch “ ef your toe and you stop smoothly, steadily, serely. The * Parisienne matches your love ef luxury, fistters year fashion sense. Drive the Pontiae Parisienne soon. It does

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