tor acceptance by those that don't. Unless management ultim- ately realizes its responsibili- ties to shareholders. analysis warn. there is an alternative-— admlnistrative regulation. And that would be costly. shackle in-

iiivestors than iLabatt Ltd. had been overwh- scribed

That completed its move to obtain 35 per cent and effective control of the 13-year-old Lon- don, 0nt.. ewery. Earlier members of the Labatt family had agreed to sell 750,000 shares

lDucl<s Unlimited Spends Huge Sum‘ To Encourage Wildfowl Breeding

itiative and result in excessive at the Schlitz prices of 323 it , rigidity. share. By JIM NEAVES pinging Mu,i,g Trade Minister Sharp's na-

at the moment" whether the- Negotiations for the land fol- to $154,000 annually compared entirely low. before the project is turned ‘with a pre-development value . ove 8593

r to the construction crews.

tlnnal oil policy address at Cal- gary Feb. 3 ' oi attract too much attention outside the in- (lilslry. but the magazine Oil- week has words of praise for his approach.

His decision not to set produc- tloii targets for the industry well in advance provides him with ﬂexibility to meet changing cir- cumstances and also avoids possible adverse reaction in the United States. it says.

Elsewhere on the business scene, two paper companies an- nounced plans for pulp mills in British Columbia and 0l1lEll'l0‘ worth more than $100,000,000. Columbia Celullose Co. Ltd, aid it will build 3 370.lltltl.l‘ill0

WINN iCPl—An inter- twn projects would national conservation organiza- compensate tn; the ions , , lion in spendins 81.000000 In VITAL AREAS "Leases for the Cumberland; Since its establishment in. 5"ll3l°ll¢W5n 3“ “The two northern areas. Marsh were obtained from thejcanads in 1938. a year later: Mnnlmbn l° ¢“°°“"i¢ Wlldl°Wl both bordering on the Saskat- Saskatchewan government inlthan the parent body in the bl'I°)9dl“8k- U r Wed h to chewan River. are most dvalu- 1360." said Mr. Lacey. “and for United States, Ducks Unlimited ‘,8 . UC 8 nlml 09¢! ble because of the insure wa- ,t e Carrot River trtan le in has s nt more than .300,000i - _

have the dams, dikes and other ‘tae, snppiy which with control ‘19t;2j' E mp;-c than tfztcrtnwi i;“5:)1_lt’l P“i'l""° R.‘:‘l’°"' T"° ‘"3197 °°“"'°l '"'“'~‘l“l'¢*'l° "9' measures can become ‘highlyi He said "considerable con- conservation projects across the d omha-'{?‘Vf ml”, won t pm’ tain water in marshy sreaI— lproductlve to wildfowl seeking cern" was voiced by conserva- Canadian prairies. It is sup- lkutce Cd"? y ‘gr elexmgo mar" ¢°mPl9l9d l" 359"‘ ‘W0 Y93"'- lalternate breeding grounds dur- ‘lion groups when the extent of ported by Canadians interested» e -in wouf em‘: ‘ dmaitgl They cover 320.000 RC1‘?! 0‘ l-he ling severe drought conditions in gloss to wildlife habitat by the in wildfowl conservation, but ‘on is ope” mg S 8 an Cumberland Mnrﬁh ln 535l‘5l' lsouthern areas." he said. -Grand Rapids development was’

the major portion of its operat- ‘l'°‘t‘-,“,"e':t' Lakes paper co. my

Chewan llﬂl W9“ 0‘ the Mﬂnl" Th's p sibility of drought in ‘made know a. One report ing expenses is realized through - 1

tabs boundary, and proleclﬁ in lthe sloutlilsis one of the reasons ‘showed value of fur animals, contributions from people in istimizﬁ fglffggmxtmﬁggti) l;,f,:‘ ROYAL SECURITIES Ind Null‘ the C37?“ mV°’ {for the move to northern areas. wildfowl and moose would drop lthe United States. .0, km" or ml haw ' ul ' c,,,.p0,.att,,,, “mum triangle in Manitoba and Sew; "willie the southern areas, i ear p P p a Shun“ and Bond. “g” h’ “' " " °°"""‘ "' i“"‘°"° DU ha‘ ““‘'°”‘““’“ "‘°‘' ' ° - iy Five days before its offer to ‘ i it-Es. M wmson

ot er 125.000 acres. 1 't work. remain the most C S M C | . ._ '

The” "9" 3'9 W9“ °‘ 7”‘ ~gro<lllctive for W“dl°Wl- "19 rlhcs ay any Ompanles .li(1):reS“c(lllll;'Bl‘veavlIlrl2 ET)ph(')%‘\/llillfl i:l7 Graft Miiimwolal asses P“ M"" 3” mil" "°"hw°'l n0l‘ll‘9l‘"- bleeding 3"°““d5 3". 0 0 waiikee announced its offer to‘ (itllnilfilollelowﬂ ‘.’.'..‘”i'.‘i".‘L’.-°"...‘i'2..“" “"“"°“* g;,g;:i;;“=m;':g°;;=';g;,;";;aifs1Sl'lort On Financial Data _buy 750.000 mt... n oi...

The protects have taken on The biologist said Ducks Un- l

P limited has already pe B KEN SMITH l i t h t th I t ll added im ortance since - 3 nt about -V EV? 0" W 8 0 5009)’ CB 8»

Canadian Press Staff Writer The old question of how much

ieven minimal information. i ‘ i ‘ The report, although mildly! is estimated that an additional illnanclnl lnl0Tn1al10n _ C°m'yw0rded, points out that share- .s3oo.ooo will be required. jpany sl_1o_uld zlve its InVeBt0I'I iholders as a group are provid- : g75_ooo act-cg ywonl‘ “As STARTED its receiving renewed attentloniing a public company's risk ﬂbolll 1.500 5 “Much of the additional work ,lllPS9 <ln.VS- . -capita-l. and so they are entitled for dams and dikes to control Thle 8n8}\)Ver. fan increasingly ito know its true financial posi- t. th voca niim er o peope are say- it‘ , wiu. REDUCE Loss ‘““""°‘” ‘° ‘"‘d "’"‘ ° - '°"

5 the cumbe,-. log, is simple. It should be as- However. the loss of wildlife "‘“”‘“’ ’"“' ° much as an -n at ,. ti t ;HURTS SHAREHOLDERS habllal Created by the Grand land Marsh and the Carrol‘ ‘V S” ee S 0 Failure to give out financial ' outlet

Manitoba government‘: Gran 5700300 in the two areas, and

to complete the development it

drown a potential of wildlife habitat, square miles.

FINANCING FOR BUSINESS On February 18th, 1964 J. F. CLEMENTS of the Industrial Development Bank will be at the

- ' th . be able to judge intelligently-l_ of 1lil'r'I:’i$‘l;r)t,rl'E%l: gignln 9 Hm-‘S. where 3 company gtandg and ‘information hurts shareholdersj into “Sam 5m,ctu,.es' are under what it is worth tend is contrary to the public in- ‘ construction others are under instead critics of present-day ll"°5l5' the “lalysls claim‘ 4 negotiation with the government .financial reports charge. there; ll lend‘ l0 lea?! On the Part and still others remain on the iare too many companies more "ll lnV95l0l‘5 nl Pnlenllll abuses. drafting board." ‘concerned with hiding informa- lsuch as a few company officials

How do such .tion than giving it out to thelyllslntl inside information for; projects come intn ‘sln(~k.huying puhiic, their own benefit, or consult-i Engineers and biologists em-.

posed by the Manitoba govern- ment that would cost about

GWEN MTER LEAVES OPITAL

e plans call for construc-

conservation . . beln ? tion of dams and dikes to pro-

ing inefficiency or possible un-‘l

V ted the am, reducmg the to” _ . V ! Highlighting the situation is a , f ’ ployed by Du c k s Unlimited 2 , economic uses 0 resources. Queen Mother Elizabeth. 63, pital for Officers in London emergency appendectomy on “gar 00:33“ mahagement ‘work closely together. and‘ all ylsifgtl refpgit "of"! tr’ ;r°'t'°"lI‘:. At the nthcr end of the scaic, leaves King Edward VII Hos- Sunday. She underwent an Feb. 4. lo“ the two U ojects at their findings for any given. ‘ Y 0 ”‘3“°‘3 "3 Y5 5- ithc expert; agree, it in basic I " ' P E I '—? Marsh and the'cm._ area must be correlated before ilﬂllnd ﬁller 8 5Ul‘V€Y lllal olllylthat shares of companies pro-‘ Cr ° e Own. a 0 0

‘Cumberland 1 I H rot River triang e. wil help 0 - Studebaker Lost lset the loss of wildlife breedingi

ates the feasibility and costs in-

- 0 grounds. Mllllon on !0mCsl1tuc:)rLacey, provincial biol- owed to maintain the area at ‘O ' l - - ..- . a permanently satisfactory wa-‘. opera"I°n$ lwinnlpeg. says it s hard to tell Iter level tr ‘

any decision is made on con- 46 of 108 leading firms listed on ‘viding enough information about ~

‘.the Toronto Stock Exchange their affairs usually enjoy bet-

ourse Of N.Y. Stock Market ource Of Debate Last Week

If you are engaged in a business-—or plan to start one—and required ﬁnancing is not available elsewhere on reasonable terms and conditions, you are invited to discuss -your needs with the IDB representative.

ru ion. - . The engineers‘ survey estim-

pportunity For Sales Career?

Ducks Unlimited at V to promote the nes

‘\'E:W YORK (AP) — Stock renliained enhcouraging. For VFW YORK (AP) qt d b 1 ing and breeding of wildfowl- i H - + .+ { n . market averages last week once Wal Street. owever, the big- - - _ —. u e a-‘ Ti biologists‘ mic is to re¢.~. ere is an 0 0|‘ uni 0|‘ 4: OU . . . acnin sq ile aked olli historic zest news was the setting of a lit‘? ('0I‘l>.. \\'l1I('h late last year 1e l Y Y 9 An appolntment for _an ml'e1'V1eW can be

ommend the program of water manage nt which would best lbe suited to stimulate the high- lest possible Wildfowl produc- ition.

go-getter to become associated with the top company in the field of Cash Registers. Adding Machines and Book- keeping Machines.

hile the course of the price by American Telephone flU’l making automobiles in the arranged by telephoning

‘ on its new gtock rights sub. United States and moved to scription. Hamilton. Ont, reported that it lost $16,926,732 in 1963.

This compares with earnings of $489.460. before non-recurring profit of $2.072,334. in l962. Sales rose to $403.31-L089 from 653152.692. I

O < Said Strong ‘ ("JLE;/El.AN'lt) (AhPlt — lt)espllt‘e . ‘ so ate repor s t a au oma - ° V’ . glmperial Oil

ers are ordering less steel, the market is strong, Steel says.

b e. The market was repeating al A.T. and T. ended the Week ind of crab - wise pattern fa- iwllh 3 l-h!‘¢¢-Polnl Ealn» Snmt’-' 1963 when rotating what below its best price of roups of blue chips pushed the gill? Week. ist higher during most of the‘ Rfillies Were llagecl by ll1¢

Mr. Clements or the Kirltweod Motel Telephone 4-8527 or 4-5147

Requisites:

“ awrages E0 to repea'ed'y:‘:‘:'!["I"§f“e'l ‘“;‘ilga’r l‘:';nul‘f‘;lc‘ltll:‘l_§ $3 “Structural fabricators. can lPlcI-nnlng Huge (1) A 22 25 ' ~ ’ ' . ' ' ‘lroad carbuilders ge - V k d ‘ .t U f t that "S. amine‘ and om“ equip_ The compally announced here ¢0mP3“l€§- “ll .. . . . . . e:\l‘nypesi!oc§ksea;iPel ?al'1l:el:\(ll' theirlmenls. Selected rails also did that directors had authorized a ::;‘u;§"‘;':rcf,‘;’;:,’s°’ “°,f,‘;ln lR959c"'cl1 (2) Must have _Hlgh School lv_iatricula- °”“ a°"a"°e by “mtlng l'° est. some analysts say the well. New York Central rising special charge of $64,000,000 enough to onset any siacimesci HAL1FAx,CP,_Imperia,0“= tion or equivalent educatlon—Re- e.-gt:-gt is C'Ol‘i~£('llllg its ex- 3%; tot 3::it:i.ve issues last “eek against 1963 income to provide that may develop in auto inlt;lus- immited has announced a tail Business or Selling Experience

~ ~ ' ‘ l . ti‘ ' t b ‘ th t l i . . .

The Dow industrials and other ;on the New Y0?“ 5l°°l‘ 15"’ giiiilllmbgilscles ]Sp8o:la(ll1]o()fl|l/L: sliieklgyliibiilortedesiliihgylvor "8 lfl3-llfltlllxg l‘esea‘r}ch Vpsr 0 81?!“ an asset‘ . - -

W13“! lh"‘ll°al°‘§r ”":‘l9 lllsd‘ l°:‘a;‘(f1°/ w°”5302%‘(;'y5:1°'' "9 is plant and eqliiprrient and The magazine said that even ear '5 8" mo“ ' " " rem‘ (3) Must be sales minded. Regional °"|CG oric lit: 5 on tlesiav an la :4 on . , s ares, an ~ 1 1 k t“ t 1 i, - , _ - -

om '1‘4§‘:"¢3“%;f;‘;nh§“°- u» s at i.i'.‘£'.‘.l’$.‘3‘.’ :i::°;‘r2::.;.:';:i lar:“i2'“»i-523.232.“ .'E2:.i’;?f'.?i';‘..‘".l;:l.°:i‘§ .52.: ‘4’ ‘”“‘ "°'“°’"“““‘ *" 236 so George street, M--M N-B» ow industrias last week rose ' 0“ v 5 3'"95- _ ‘ . » t thi i th l ‘ . . ‘ - ' .97 to 794.56. closing a shade ‘Most scgtive lssueshon the ?]t(,l:j°r0‘:;i:;‘:i0';:|s1aied to dlscomm th‘e?nll.43(')l.rtll3getonss iiigr led-ok iiii:fe“‘§:,"§x,§:§iiii;iii}ii'iiriiieizaitiii (5) Good appearance. elow their historic peak of rmeflcan 00 0 Eng! ’ . _ . . . . . . 9482 made Wednesday were. Syntem on 5 at 121 on Byers A. Burllngham. pres» l'h,°,Sf‘g‘;§'5p°}"‘:;3§ 1::te'ls"'ar::;l the direct reduction of iron ore (6) Desire to be m_ high income bracket

dent. said diversified division.

other than automotive earndeg demand}, said Steel. “Tm plate

Tile rise was cont‘il'tnerl b_v§546.900 shares. Stanrock Uran- . . 1

,with the use of petroleum prod- up at Seaboard Cl

hot rolled bars are in. strong

Good selary—excellent training pro- i

u s. The company announcement

that . Tld -“l"ll"°5- “P V4 at “V81 apl"°x'm'al°ly $l.1'm°‘m° is riding a seasonal uptrend. . . . iaded. 737 rose and no fell. Dagacontrol Systems. up 2% at 1 f U5 ‘°°'°”" “‘°°'“° “”"~"..sti-ucturais. reinforcing bars, “‘§f"“‘;‘;“‘th$‘3'°°";°‘t’,“’ W , gram — Hospitalization —— Group In- tliers were unchanged. -4134: (1 TWA Warrants. 0“ 35 year" and iinc pipc are benefiting 5'’ ° r. 9 "ex r°°.y°°’ . . 17.: at 16%. so Y from brisk construction sea“ on the proiect. Construction of surance—Pension Plan—Best worltlng VERAGE H11‘s HIGH ——-~~~—-v~»—————j “Db _lN BLACK . ,, a $7,000,000 research plant by . . . . POSTPONE HEARING “We will be solidly in the "3" Canadian Bechtel Company will conditions. All replies treated in con--

The Associated Press average. I stocks reached a record igli of 294.7 on Wednesday and _ med at 2941 making 8 gain 0‘ lgiaeifllalleldflldtldrzoiln the slaying .2 on the week. - Voiiime hummed along at 2'2.-lol 3 Dries! -lan- 3. hﬂs been 26.010 shares compared with iP0Sll)0n9l'l l0 Fell 25- D9l9nC€

1 TROIS - RIVIERES. Que ‘(CPI-—-Preliminary hearing for charged with

black for the first quarter of 1964, and the actions we have taken make it possible also to forecast at 1964 will be profitable year for the corpora- tion." he said.

The publication predicted an eighth consecutive weekly in- crease in steelmaking opera- tions this week. with production slightly exceeding the 2.230.000 tons steel estimates the indus-

begin in the spring. The plant will go into operation early in 11965. The research plant, when finished, will employ some 55 persons.

The ore reduction process, de-

ﬁdence.

Apply by letter to:

i_;;=,9_t;79 it ttvccit agn_ ilawyer Maurice Diiplessis asked The general backlzroulld ofl-lU<l2€‘ I-Mn Gland 58llﬂ'd8Y l-0

try poured last week. Output

last week was at a rae of 116,-

000.000 tons a year, it added. The journal reported so r a p

“We are now a different kind of diversified corporation than ‘we have been in the

veloped by lmperial's research and engineering division, re- duces the iron in ores to the

The National Cash Register Company of Canada Limited

conontic and corporate news lposipone the hearing. t__ P33 .

;Burlingame added. “Through

our various divisiois we are in

‘the business of manufacturing For

and selling refrigerators. freez- ers. garden tractors. oil addi- Souris Regional High School for

tives. electric generators. thei- School Year i964-65

mal plastics. commercial floor APPLY IN WRITING T0

,---ti-ueghwtgna-galg-ti ::i.‘::.*"l:: :21‘;-.i??:..i;°:‘:°:.::: wee or le r s r l . .

week. its price composi on imakmg equlpmem No. 1 heavy melting dropped 33 ] cents a gross ton to $2167 last week.

Steel said prices on im- ported steel are tightening in the southwest resulting in do- mestic mills receiving more or- ders. It noted one Belgian mill has raised import prices 36 a ton since December. that West German mills are turning away Texas orders and Japanese steelmakers are either out of the market or asking sharply higher prices.

P. O. Box 1255, Saint John, N. B.

l_I_V_e flew!

cleaning equipment and many other products. Our business as the distributor of Mercedes Benz vehicles in the Unit States and Canada continues

profitable.

"Our Studebaker automotive division in Canada will continue

a comparatively modest and, we hope. profitable way.

"Our decision to terminate

94nd arrived days ahead of earth- bound travellers! Kids take to air travel easily because kids are so easy to take travelling by air,

South Bend operations has elim- Q H . , - - - _ _ y TCA w th f I I Sourls Regional High School lr':‘:)lu8:lotg1eenst;>rl‘lgr'cti=Ost;f .$;“:...;.e I Ybur amiy ALFRED MORRISON. PRINCIPAL ;g}1ve_h3;;e,eg;aggat l;;gb};;_n-mt; IV I‘ wlllblll Souris, P.E.l. ' looknfonward to a brighter fu- shoes ure.

at ‘2’

SEE YOUR CAR DEALER . .. THEN TALK TO THE BANK OF MONTREAL There are bargains to he had |ti<i now in new and llSP(l (AM. it ymlr heart is set on R l1t"\\t"l' model

this <prlng —— soc \’OlIf la\'Ol.li'lll3 car dealer. He can probably otter voli a deal that’; right for you.

F. W. Woolworth Co. lfd., Toronto-Executive Office Appointments

And when you've found your _ bargain. he \lITf‘ in talk in the " ' ‘ ldlTlil\'‘ lirlanic Plan otter: trill a 1 - l B.-ink 0| .\«lDTlll(‘('ll. The R nl M ‘ ' 5 _ lnw-(mi, lite-insiirerl mellmcl of A. n. MUNRO H. J. McPBAIL F. L. GOODERHAM 3- 0- BRIDLE ; From MONCTON-BOSTON - 1 flights deiIy—3 hrs. 40 mins. . , financing llmt ....ii make vnur an. F W Wuhan, co, u,n§t.a_ or Canada, announce: the fui'.u..:n¢ aaultive appoinunenu. Ask abttbiut TCA's Group Travel Plans. MY bargain dotlblv attractive. M.-_ Aim 3. Munro has been elactad vies-Pm‘ ‘ M33553?‘ gievafctuooot the (.::sipn;t»ioa:d:rthiiei.oscnm.,‘,:iny, For reserve ons call Morton Dew at 804-8541. o.....,.......... E! of Jmuuy l’ 196%-' mg. D'nCan:;l.iellmVi<‘:e-President and Managinﬁ Director who retired December .31 196'? ll liudq artera oron . - , I - - ’ ‘ Mr. Munro. a native of '!‘oront_o. bﬂsn with Woolwortgiagict Ryan agti);|a:h: wt hll lﬂlnlnls he nlnnllﬁl mm in BAN K 0 F MONTREAL Qmhc ‘ml Emmi Cdumimi e ‘u but to the !.E§t'ecutlve Ollie iheﬁoronto and appointed Supervisor :1 Store HYCINIDIIU-HY Orpaigﬁo“ovh‘an'irPeraoln diinei e l:terMl:etrii'ienTfercha'u iidiae Supervisor. before being named Assistant Regional Manager. mwuuﬁ "' mu‘ ® "' “"3 ' A ll - . » . . _ . on o 1- Mom in M -W-* A-*-*ii*..°r"" :°..t:'.."'?*t-:::.:'r.i’;i;":i:~ct.‘.:.:'.°*:':'l‘.;:".r:'.:'. ' :“P9Vb" 0‘ 3|?‘ l./ariodttver tel’ was romoteclito Dlet?:t Ma of lialgary and attain Districts. 3 I 1 I n . _i:.t'.,.."'°‘.,.',,',’,,'i',',,'{t,.'{ t:'l‘oné;fouS‘uper‘:rleorofBuyin¢.hewnDli'eaord ersonnelandultluam tyheintrouuoaiicliosntamplayu .; ww_c0sT UFEJNSURED LOANS °' ' ""' ‘ his M . Goethhan ' ' M Mr. in Dizu-kg M. L. " T I A Charlottetown Branch. l05-101 Grafton Street: took OII’ the luponsibillty of 0DEI'tll'Ig‘I‘|eW and enllllld lg! In ‘B55 “'‘I’1‘''''‘ ‘:9 m an oomph,’ 3' "' ‘n to an E'°°"h' e e REG‘ G‘ BOYN‘ M'“‘3' Oigﬁ Tugnto when he served as . lea Manager Up to Mr Bﬁdk in h 19” Hun. woman‘ Parkdale (Sub-Agency), Cor. St. Peter's Rd. Q ' no sunuiid“ G 3i”l$i'i'ouuiab°°" ‘”’l§°imgar'"°d D'i'-i°i3§i"-iii: some (inner in 1956» in 1958 E wn -not-M" 71-um-«ii-e B-we of «M! 325 Market Street Summerside Phone 436 3030 mm" mm "M mom Mama" 5 “'3'” sghbepsruuentaadnowtaheaovctisfullqoasibilityubirecwrof ' Intlhenlcoltnn. From iboaiieiiuiiui-nimilvithd-o llndauliqaadﬂalss Psanetiiia.