-w CONCEP, 1,9550
Caption for this drawing taken Irom “Journey Into, the Cosmos” published in Moscow in 1955, is headed “perhaps this is how the first manned artificial earth sat- ellite would look." It is‘ timely because of Moscow reports that
Russia had sent a man-carrying rocket 186 miles into the air.’ It consists of jet motor (1); para- chute (2) for braking its descent; ‘movable wings (3) for gliding; hermetically sealed pil-ot’s cabin (4) made of.synthetic glass and
equipped with metallic blinds to protect pilot from burns by sun’s rays; tanks for fuel (5) and oxy- dizer (6) for operation ,of jet en- gine in caseof need to increase speed of flight when retarded by air resistance, and also for- land'- ing. ' (AP Wirephoto)
Toronto Exchange Plans -Tighter ReviewOf Firms
By FORBES RHUDE
Canadian Press Business Editor
TORONTO (CP) -— Actions of companies listed on the Toronto Stock Exchange will be subject to stricter review under a' new ruling announced Wednesday.
The ruling will require each listed company--except those spe- cifically exempted — to file with the exchange a report which will make “full, true and plain disclo- sure” before the company takes any action which will result in a material change in its business or affairs, including the making of any underwriting or option which might involve using the facilities of the exchange for primary dis- tribution of stock.
Announcement of the ruling was made at a specially-called‘ meeting of the exchange in state- ments ‘by James G. K. Strathy, chairman of the board of govern- ors, and A. J. Trebilcock, presi- dent.
DISTURBED BY CHANGES
Mr. Strathy said the board has been considerably disturbed, pa- rticularly in recent months, con- cerning certain developments in connection with proposals for pri- mary financing through the facil- ities of the exchange and for other arrangeineuts by some listed companies.
“The board is also perturbed,” Mr. Strathy added, “over the fact that in a number of demonstrated incidents, listed companies have recently disposed of very appre- ciable-cash assets for properties or securities of dubious value. This is, of course, a very uneth- ical, if not necessarily illegal;
. practice.
“These developments have been the subject of conversations be- tween the exchange and the On- tario securities commissipn and a number of arrests have been made. As these cases now are pending in the criminal courts, it
l7-Ye-or Te-rm
,.For Bank) Ba-nclit
BUFFALO, N.Y. (AP) — Car- melo J. Giambra, an admitted bank robber who struggled with his guards and kicked at a pho- tographer before a scheduled court appearance a week ago, calmly accepted a 17-year prison term at his sentencing Wednesday.
Giambra, 31, is an older brother of middleweight boxer Joey Gi- ambra. .
The sentencing was postponed last week when Giambra, who pleaded guilty in the $23,775 hold- up of a neighborhood branch bank in 1956, created a scene in the ':ourthouse lobby.
‘ Four MenlM,issi«ng
ln Helicopter
HALIFAX (CP)-—Four men in a helicopter are missing in the'Knob Lake area of Eastern Quebec, RCAF search and rescue service reported Wednesday.
_ The helicopter is operated by Spartan Air Services and carried survival equipment and food for a week. It disappeared Wednes- day morning. ’,
Another S p a r t a n helicopter searched for the missing plane Wednesday but found nothing. Snow halted the search Wednes- day night.
The RCAF sent a Dakota air-
’ craft from its Greenwood, N.S.,
base to Knob Lake with search- mast-:1' Sqdn. Ldr. J. E. '.edbet- ter aboard. He will start 2 search today if weather permits.
Names of the missing men were not known here.
is not possible to give further pa ticulars at this time.” I
Mr. Strathy said the Toronto exchange’s new procedilre has been discussed with representa- tives of the Canadian Stock Ex- change of Montreal. There was complete agreement with the prin- ciples enunciated and similar re- quirements will be implemented by the Canadian Stock Exchange in the immediate ‘future.
The report of filing statement required under the new ruling M11 be considered by the board of gov- ernors of the Toronto exchange and, if it is accepted for filing, the company will be advised that the plan may be carried out, an- nouncement will be made accord- ingly and a printed filing state- ment containing all the particul- ars will be made available to
members, the press and the pub- lic. ‘ -
If the statement is not accepted
_for filing, it must not be pro- ceeded with—-otherwise the shares.
of the company will be removed from the list. Mr. Strathy said:
"In considering the report the board cannot be expected to pass
.on the merits of every proposed
change in the business or affairs of the company, or of every pro- posed underwriting, option, prop- erty purchase or other arrange- ment set out.
“Any attempt to do so would
be beyondthe jurisdiction of the exchange, and shareholders and the public must realize that it is for them to, judge the merits on the basis of full, true and plain
disclosure which the company will be required to, mak .”
Expect Government To-Spencl More On Def-ence Research
By DAVE McINTOSH
OTTAWA (CP) -- The gove§n- ment likely will -spend more on defence research in the coming fiscal year, informants said Wed- nesday.
The increase would apply to the Defence Research Board’s regu- lar annual operating budget of $24,000,000 and to amounts, spent on specific projects for the armed forces.
The Liberal government ear-
marked $64,796,000 for these pur-
poses in the fiscal year ending March 31. But the Progressive Conservative administration has already exceeded this estimate by $12,549,000.
Officials said the $12,549,000 in- crease went for research and de- velopment in air defence, most of it on the supersonic CF-105 Ar- row, _to be test-flown for the first time early this year. ,
Two types of Soviet missiles are of particular concern to Can-
ada: The intercontinental ballis- tic missile which the Russians claim to have test-fired success- fully, and the 500-mile missile carried by submarines.
__STUDY SUB DETECTORS
‘Thus emphasis is being placed on developing a defence against the - intercontinental missile and improving underwater detection equipment.
DRB scientists are conducting counter-missile research at Val- cartier, Que., Shirley’s Bay, near Ottawa and near Prince Albert, Sask. .
At the naval research establish- ment at Dartmouth, N.S., the hunt goes on for better undersea detection systems.
The services are expected to acquire anti - aircraft, anti - sub- marine and artillery rockets in the next two to three years. It wil1_be DRB’s responsibility to see they get the best from Amer- ican and British sources.
Spraying For Buclworm A
Depletes N. B.
MONTREAL (CP)-—A fisheries‘
biologist said Tuesday young sal- mon in New Brunswick rivers are‘ severely depleted following DDT aerial spraying to combat spruce budworm.
M. H. A. Keenleyside of the St. Andrews, N.B:, biological station, said “salmon populations appear to recover if spraying if not re- peated over the same areas for -an interval of at least three years.
“With morp frequent respraying one age class of salmon can be affected more than once and smol-t production from rivers in the area will be seriously cur- tailed," Mr. Keenleys-ide said at the Northeast Wildlife Confer- ence.
He said spraying also killed off young trout and eels.’
The younger the fish the more severely are they affected, both by DDT and by -the oil in which it is dissolved.
In -the northeast Miramichi River, Mr. Keenleyside said, an annual census has been taken of young salmon since 1950. In 1953, a year before the first spraying, the 10 census stations on the river counted 1,200 fry——salmon less than a year old.
FIND N0 FRY
After the 1954 spraying, the stations found not one fry. Parr —salmon two and three years old -—were reduced
Fish Stocks I
Curiously, the next year the fry were more numerous than ever, Mr. Keenleyside said, but the parr——fry a year earl-ier—were scarce. It was believed the fry were more plentiful partly be- cause of less food competition from the parr.
In spite of extensive a.nd costly control measures, Mr. Keen1ey- side said, the budworm popula- tion has continued to expand. .
ST. LOUIS
Miss Irene ‘Gaudet student of Saint Dunstan’s College, Char- lottetown, is spending the Christ- mas holidays at her hoxnc- in St. Loyis.
Visiting at the home of Mr. and Mr. John S. Gaudet is their daughter Josephine Gaudet and their niece Mary Allan, both em- ployed in Charlottetown.
Mr. and Mrs. Fabean Arsen- ault, are enjoying the visit of their children Emmanuel, Jos- eph, Emily Arsenault and Mrs. Eddie Smil.h,, all of Toronto, ()u- tario.
Mr. and Mrs. Joseph M. Ar-
senault. retjred station agent ofl
St. Louis, have gone to Montreal Quebec, their home in the future.
Miss Marina Brown employed
Page 12, The Guardian
By BRUCE LEVETT Canadian Press Staff Writer TORONTO (CP)—When a plan- tation worker in Ceylon is step-
- ped on by an elephant or a
Puerto Rican cane chopper nicks himself, it’s comforting to know that Ontario has the Work- _men’s Compensation Act.
The connection? Puerto Rico has modelled its legislation on the Ontario plan. Ceylon and the Philippine Islands are drawing up similar plans now. Indonesia and Pakistan have it under study.
In the ‘last year alone, 60 del- egations have come to Ontario from outside North America to study the plan generally recog- nized as one of the world’s best. MODEL FOR CANADA
Pioneered by Ontario, it forms the basis for compensation to in- jured workmen in all other nine Canadian provinces.
E. ‘E. Sparrow, former paint and varnish executive who be- came board chairman in 1948, admits:
“We have gained some .meas- ure of leadership.”
Evidence of this is that when Puerto Rico, the Philippines and Haiti — lands which look to the United States for leadership - came to North America to study the best compensation plan avail- able, the U.S. sent them north to- Ontario.
“Probably the most attractive aspect of our act is that it takes compensation out of the courts enabling justice to‘be humanely and speedily administered,” Mr. Sparrow says. \
“Justice humanely and speedily administered" was the aim of Sir William'Meredith, a former chief justice of -Ontario. The act he drew up in 1915 was based on the most attractive legislation then in existence in England, the United States and Europe. , ' VIRTUALLY UNCHANGED
Since then, the ct has been amended only to e end coverage or increase benefits. Two royal commission studies in the last 40 years have left it virtually intact:
In Ontario, there are 1,750;,000 men and women covered by the act. Their coverage is paid for by 90,000 assessable employers, whose charges range from 15
roll for certain classifications of
workmen in hazardous forest op- erations.
Of the 252,248 accidents re- ported during 1956, 70,733 rated compensation, another 170,606 were covered by medical aid only. Claims totalling 10,909 were rejected. ’ .
Benefits totalled $29,419,090.
, Mr. Sparrow. with vice - chair- man J. F. Cauley and one com- hnissioner, Dr. E. C. Steele, form the three-man executive board of the workmen’: C o m p 0 nsation Board of Ontario.
“None of us is a civil servant," Mr. Sparrow says. ’
(‘The labor minister speaks for us on the floor of the legislature. "We are divorced from politics and this gives us a smoothness of operation over the years." PAYMENTS To INJURED
If an employee is off the job for more than four days as a re- sult of an injury,-he receives 75 per cent of his weekly pay based on average earnings during the prior four weeks, up to a max- imum of $72.11 a week. All med- ical and hospitals bills are paid and benefits continue as long as the disability lasts.
An employee cannot sue his employer when injured as .a re- sult of an accident covered by compensation. However, he has three stages of appeal within the framework of the board.
idays at her home in St. Louis.
Miss Helen Peters, Saint John, N.B., is visiting at the home of her sister and brother- in-law, Mr. and Mrs. Aubin Per- ry, Palmer Road.
Mr. Paul Gaudet has recen- tly left for Halifax, N.S., where he will join Mrs. Gaudet and spend the holidays at the home of their daughters and son-in-law Mr. and Mrs. Ronald Gaudet.
Mr. Wilbur Perry of Halifax, N.S., is visiting with his par- ents, Mr. and Mrs. Edgar Per- ry, St. Louis. -
Friends of Mr. John M. Per-
he is convalescing at his home af- ter an operation in the City Hos- pital, Charlottetown.
Mr. Gussie Doucette, employ- ed in Halifax, N.S., is spending some time at his home in St. Louis.
Mrs. Edlo Albert, patient of the Provincial Sanatorium, is spending Christmas with her family in St. Louis.
Miss‘Doris LeClair, student of Tignish Convent, is spending her holidays at the home of her sis-
ter, Mrs. Joseph P. Gaudet, St. Louis.
Miss Myra Gaudet, student of Tignish Convent, is spending her holidays at her. home in St. Louis.
Mr. and Mrs. Henry Perry, accompanied by Mr. and Mrs. George Perry, both’ of Hamil- ton, Ontario, are visiting at the homes of their parents, Mr. and Mrs. John Perry and Mr. and Mrs. Frank Dugay, St. Edwardls. wards.
Mrs. Johnwhite of Toronto. Ontario, is visiting at the home of Mr. and Mrs. Edmond Gau- det, St. Edwards. C.R.
WED AFTER 65 YEARS BARNET, England (Reuters)-— The 65-year courtship of two re- tired schoolteachers ended at the laltar Tuesday. It was the first
itnn, 80. and his 84-year-old bride 1Army Stephens.
Ceylon Ancl Puerto Rico Follow Ontario Legislation
cents each $100 of assessable pay- 4
teachers, to $13.50 per ‘$100 for .
in the city, is sepnding her hol- .
ry will be pleased to know that-
Monday, Jan. 13, 1958 -
In the case of a fatality, the widow receives an immediate lump sum of $200 and up to an additional $200 for funeral ex- penses. She receives a pension of $75 a month until death or re- marriage and the allowance for each child is $25 a month up to age 16.
“Every employer in the prov- ince contributes a few cents in the event of a disaster,” Mr. Sparrow says. The board’s dis- aster ,fund is maintained ‘at $750,- 000.
An example of how compensa- tion works, Mr. Sparrow said, was the cdse of a newspaper re-
was paid 75 per cent, of his sal- ary while off work, his medical bills were paid and the board brought him an artificial eye. LIFE PENSION
“Now, a one-eyed reporter is just as able as a reporter with two eyes,” Mr. Sparrow says, “but because he suffered a perm- anent, although partial, injury, he receives about 18 per cent of the 75-per-cent figure for life.”
A noted blind singer’s case was another example.
“The man was blinded in a welding accident, so because he is unable to return to his employ- ment, he will receive a pension for life.” In addition to medical and rehabilitation payments, the board spent $3,800 in singing les- sons.
Another prime aim of the board is to prevent accidents happen-
pened, to heal the injured work- man—-and 3,437 of the 64,438 com- pensatibn cases last year were women—then rehabilitate them and return them to work.
To do this, a $6,000,000 treat- ment and rehabilitation centre is being built on the northern out- skirts of the city replacing the decrepit ‘former RCAF barracks which houses 500 patients at sub- urban Malton airport.
8041
s
porter who lost an eye. The man»
ing, but once they have hap-
BURTON
_ Despite the unfavorable roads
and weather a large number of pariishoners attended midnight
' Mass at St. Mark’s, Lot 7, cel-
ebrated by the pastor Rev. J .N. Trainor. The choir was directted by Mrs. Bennett Howard. Ap- porpriatc Christmas hymns were sung. The altar and nativity crib was beautifully decorated for the occasion. A new Sanctuary lamp donated by a former par- ishoner, Miss Fannie Doyle of Gardner, Maine, enhanced the
beauty of the sanctuary. Other‘ donations received recently were,
two sets of,Mass Vestments, do- nated by Mrs. Victor Facio of Montreal,- a former parishoner and Mr. and Mrs. Bernard Reil- ly, Cape Wolfe.
Friends of Mr. Hilery 0’Hall- eran Burton,are pleased to learn he is recovering satisfactory from a hip injury. He is at present a patient in Charlottetown Hospi- tal. ,
Miss Alice Collicutt, High School student of Tignish Con- vent spent the Xmas holidays at the home of her parents, Mr. and Mrs. Edmond Collicutt, Cape Wolfe. . 7
Miss Betty Doyle, high school student of Notre Dame Academy Charlottetown spent the Christ- mas holidays at the hme of her mother, Mrs. Myrtle Doyle, Cam- pbellton.
Mr. Clarence Griffin who was employed in Western Canada is visiting .at the home of his fa- fiber, Mr. Thomas Griffin, Broc- on.
Miss Mary C. MacGregor, tea- cher of East Foyalty School ‘pent the Christmas Holidays at the home of her parents, Mr. and Mrs.' Melvin MacGregor, Burton. ‘
Mr. Stephen Doyle whoois em- ployed in Baffin Island, is spend-
ing holidays with his -wife and-
family at their home in Glen- garry.
OLMAN’S
Miss Beverly Howard, student‘
I .75
annual bonus
54-3:
PIECE-
\
where they will make;_marriage for both Hubert Thron~1 TODAY.
1
BOND’S CANADA-WIDE CONTEST
‘THIS 1958 ”CHEVROLET” CAN BE YOURS. . . IFREEE
PIECE
or s.n.U. Charlottetown, and! Miss Stella Howard, high school student of Tignish Convent, have spent the Christmas holidays lat the home of their parents, lMr. and Mrs. Bennett Howard,‘ Glengarry.
Mr. Charles Trainor of Char- lottetown, spent the Christmas holidays with his brother, Rev- J.N. Trainr, St. Mark’s, Burton.
Mr. Louis Dalton, who is em- ployed in Charlottetown, spent Christmas at the home of his parents, Mr. and Mrs. Peter Dal- ton, Burton.
Miss Rosalie Griffin, high school student of Tignish Con- vent, spent the Christmas holi- days at the hme of her father, Mr. Thomas Griffin, Brocton.
MISCOUCHE
Elayne Gallant, student nurse at the Charlottetown Hospital, spent the Christmas holidays in Miscouche at the home of her
parents, Mr. and Mrs. D.H.- Gallant. Patricia Poirier, who is at-
tending St. Dunstan’s University’ is spending her hol-idays in Mis- couche at the home of her par- ents, Mr. and Mrs. John C. Poirier.
Nova Veno, R.N., who is em- ployed in Montreal, recently spent her holidays in Miscouche at the home of her parents, Mr. and Mrs. George Veno.
Leo DesRoche who is employ- ed in Charlottetown, _ spent Christmas in Miscouche visiting relatives and friends.
Peter Steele, who is attending St. Dunstan’s University, recen- tly arrived in Miscouche where he will spend the holidays "at the home of hisparents, Mr. and Mrs. Percy Steele. , -
Aloysius, Gaudet of Quebec, spent the Christmas holidays in Miscouche and St. Nicholas vis- iting relatives and friends.
Rosalie DesRoche, s t u d e n t
. I
Malta's Prime
Minister Says
No Need To Sever U. K. Ties
VALLETTA, Malta (Reute1.S1_(_l,::111ast?(()ln:he crisis in Anglo-Maltes, Prime Minister Dom Mintoff tol ' -
Britain W en e s d a Y there “P longer is any need for this Medi-
terranean isla to sever ties with the Unite Kingdom as he threatened last month.
In a letter to Colonial Secretary Alan Lennox-Boyd, _1"fintQff 531d the decision not to implement a parliamentary r e s o 1 u tion last month calling for the break with Britain was reached with. the full approval of the opposition and the admiralty section of the Gen- eral Workers Union.
It was the prospect of unem- ployment for members “of this un- ion at the Malta dockyard follow- ing Britain’s defence cuts that
The letter added: “Indeed long as Britain keeps faith ivith her pledge of keeping intact th level of employment in these -. lands, there is no action that could possibly flow from that x-es01u_ tion.’-’
Mintoff said his gover would be “more than Willing” undertake new negotiations ., Malta’s problems if Britain gave an assurance that they would be “discussed in a spirit of give take without predetermined §o,.,m_ ulae.”
He added: “But for the of all of us, if these are to place, they must take plac
sake take e: 111'.
nurse at Charlottetown Hospital. recently spent her Christmas holidays in Miscouche at the home of her parents, Mr. and Mrs. Tilmon DesRoche.
Justin McNeill, student at St. Dunstan’s University, is spend- ing his holidays in Miscouche at the home of his parents, Mr. and Mrs.- Leonard McNeill.
Midnight Mass was celebrated at St. John the Baptist Church, Miscouche. Rev. J .D. Kelly cel- ebrated the Mass and Rev. ‘Mc- Lellan of St. Dunstan’s Univer- sity gave the-sermon. The large congregation consisted of both parishoners and many people from adjoining parishes.
Mrs. Alex Gallant of Welling- ton, spent Christmas Day In Miscouche visiting at the home of her daughter, Mrs. D.H. Gal- lant.
Mr. and ’Mrs. Eddie Doucette of Halifax spent the Christmas holidays in Miscouche, guests of Mrs. Doucette’s parents, Mr. and Mrs. William Perry. BV
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Mr. and Mrs. Harry Dunn and, family were business visitors 3,’ 0’Leary on Monday Janna;-y‘/3‘
Mr. and Mrs.’ Brendon wan, ace and son Reggie were 53¢ ness visitors to the western itol on Monday January 6. ~
some time in Charlottetown to the illness of her mother Mary MacLean who is a a in the P. E. Island Hospital, " Mr.’ and Mrs. Ralph accompanied by Mr. Isaac Dunbar motored to lottetown on Friday Janua'xy,.' Mr. and Mrs. John P. W" ‘ 5 spent New Year’s Day »at_’ ‘ home of ‘ their daughter" in-law Mr. and Mrs. J. Profit Maple Avenue S’Sld¢ Mr. Leigh Donald retunied? - Guelph College, Ontario ‘tit '1 sume his studies after . ' the holidays at the :. parents, Mr. and Mrs. W ‘_ _ Donald. . K ' Miss Florence Dunbar -- turned to Wolfville N.S.‘ I ' she is on the hospital f spending the holidays at, ' ‘ ‘ ' of her parents, Mr.
Howard Dunbar.
nment ’
Mrs. Isaac Dunbar is span ‘ .
anllmqjfif ,
both stores