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FEIED Y ASSOCIATES

ored today by his fellow work- ers. He is shown above (left) re- ceiving a purse from Bud Con-

Prlor to his departure on pen-

: slon, Everett A. Wood, machinist :in the Canadian National Rail- ' {ways shops at Moncton was hon-

stable (night). Looking on is

if Canadian Cotton Benefit From U.S. Moves

OTTAWA (CP) — The United States surplus disposal program has helped Canada’s cotton indus- try in its battle against increasing pressure from imxports.

In a submsision to the tariff board Tuesday, the Primary Tex- tiles Institute said the domestic industry has been able to buy raw cotton more cheaply from the U.S. than could American

But at the same time,-Cana- dian mills have been facing stiff competition from subsidized ex- ports of American cotton prod- ucts G. Blair Gordon of Montreal, president of Dominion Textile Company Limited. told the board the Canadian mills could pur- chase the low - price cotton through the U.S. Commodity Credits Corporation, set up in , 1956 to get rid of huge stocks of s u r p l u s agricultural products. -. Cotton sold through the CCC is I for cxport only and cannot be purchased by American mills INSECURE OPERATION

“it can be said as a general . statement that the Canadian pri- , mary cotton producers have been ; getting by in the last two years ' onl_v because of this export differ- ; ential, and that savings in the raw cost of cotton arising there- from have considerably exceeded the operating profits of the indus- try." the institute brief said.

“This transitory program (the CCC) is a most unsound and in- secure basis on which to exist.”

The information was given sa

T0

You and your family get these "liberal benefits at minimum cost—-—only a few

or medical bills. without financial hardship.

In the Maritimes, over 335,000 mem- bers are protected by this non-profit Community Plan for employees, groups and individuals.

the board resumed its study of the cotton textiles tariff structure. The industry says sharply in creased protection is essential if it is to remain in a healthy con- dition.

Mr. Gordon said American cot- ton mills, which cannot take ad- vantage of CCC prices, receive a subsidy from the U.S. govern- ment on exports of cotton prod- ucts. United States mills supply about two-thirds of Canadas cot- ton products imports. . * NOT PASSED ON

The subsidies, however, are not passed on directly to Canadian processors. If price cuts reflect- ing these government contribu- tions were made, they would be

Defeat Brings Knowles To

New Milestone

WINNIPEG (CP) Stanley Knowles, a lean and likable So- cialist, came to another milestone in his varied career with defeat in the federal election Monday.

Before he became a CCF poli- tician, he had been a printer and a United Chu-roh\ clergyman.

He said he has no immediate plans for the future. His defeat in Winnipeg North Centre by Pro- gressive Conservative John Mac- Lean was one of the big surprises of the election. ’

He could have escaped this po- litical fa-te. Prime Minister Diet-

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a violation of Ca.ndaa‘s dumping legislation.

“We feel that the products sub- sidies more than offset any ad- vnatage we may have through being able to buy through the CCC,” said Mr. Gordon.

The domestic mills expressed concern about their competitive position as CCC cotton stocks are liquida-ted. The Canadian pro- ducers would then be forced to buy higher-priced cotton. '

“ Th eir competitive position then in relation to the U.S. mills will be far worse than the condi- tions which prevailed in the years from 1952 to 1955, unless remedial action is taken,” the in- stitute brief said.

anti-

I

enbaker paid tribute to his know- ledge of parliamentary rules and his fairness last summer when he offered the post of Speaker of the Commons. Mr. Kno'.-',-‘lies turned the job down to continue to work for the advancement of the CCF.

CAMPAIGNED ACTIVELY

He worked especially hard in the last campaign, making 2 speeches in points as widely sep- arated as Sydney, N.S., and Kiti- mat, B.C.

Mr. Knowles was one of the (best known and most-talkative members of Parliament. Entering politics in 1935, Mr. Knowles was defeated as CCF candida-te in Winnipeg South Cen- tre. His first election success came in 1942 when he ran in a byelection in Winnipeg North Cen-

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Page 10 The Guardian Mon., April 7» 1958

Pledges Old Fort York Safe

TORONTO (CPJ»The 0f p1‘0g'l‘€SS, like the American marchers of 1812, can't breach the walls of old T‘ort York.

Fred Gardiner, Metropolitan Toronto chairman, Wednesday pledged that Metro’s $40,000,000 Lakeshore Expressway will not enroach on the historic fort where

march

American troops were beaten off:

in the War of 1812.

The guarantee was written into a bill approved Wednecday by the Ontario legisla-ture’s municipal law committee.

It will allow the elevated ex- pressway to use grounds out 'de -the fort but cancels a plan to place one of the supporting piers -inside the walls.

The guarantee ended a furor raised by Toronto historical so- cieties when the original plan became known.

Population

Now Nears 17 Million

OTTAWA (CP) Canada's population by mid - April is ex- pected to pass 17,000,000. nearly double what it was 37 years 880-

The bureau of statistics said Monday that the population at March 1 was an estimated 16,- 948,000, just 52,000 short of the 17,000,000 mark.

A bureau official said the 17,- 000,000 forecast for mid-April is based almost entirely on the ex- pected natural growth in popula- tion because of current federal restrictions on immiration. Can- ada’s present rate of natural growth -— excess of births over deaths-is about 30,000 a month.

A population of 17,000,000 by the middle of next month would compare with 8,788,000 in the 1921 decennial census. This means the population will have doubled in a little more than a generation, considered 30 years.

Ask Convention To End Girls’ Ecirly Marriage

GENEVA (Reuters) — The United Nations commission of the status of women Thursday adopted a resolution calling or an international convention for- bidding the marriage of girls be- low the age of 16.

The vote was 15 in favor and none against; Three countries-— Canada, the United States and Belgium—abstanined.

tre made necessary by the death of his friend, J .S. Woodsworth. CCF founder who represented the riding since 1925.

Voters in the riding returned him to the Commons in four sub- sequent elections before his de- feat Monday.

FIRST TO AFRICA Portuguese navigator John Fer- nandez is believed the first white

man to have seen the African interior, in 1446.

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Impressive List Given Of

UK Inventions |n4OOYears

By FORBES RHUDE

Canadian Press Business Editor

An impressive list of British Ill- ventions over nearly 400 years is given in the current issue of This Is Britain, issued by the United Kingdom information office.

The publication comments.

Penicillin, television, the gas-

( . . turbine engine, nuclear research,

silicones, terylene, plyethene, ia- dar—these are the names’ that call to mind the results of Brit- ish inventive research in recent years. But the story of British Ill- v-entions goes back four centur- ies or more.’

The publication then picks out a list of what it terms some of the more important inventions,” totalling 86, together with their- originators.

The earliest invention con- tained in the list is the first theo- dolite — a surveying instrument —by Leonard Digges in 1570.

In the 20th century, the vac- uum cleaner, stainless steel, tel- evision, jet engine, penicilin, ra- dar, and the fir st atomic power station are listed.

The Bowater Paper Corpora- tion Ltd. has brought out tile fourth issue since 1950 of The Bowater Papers, which the com- pany describes as our occa- sional publication.' .

The 64 - page publication, lav- ishly illustrated in color, con- cerns, in its own words. the world of pulp and paper," but in a very broad sense and with en- tertaining text. A foreward com- ments:

We want to add a little to peo- ple’s enjoyment of living; to help in presenting new ideas to young people; to remind ourselves that the world is full of individual people, rather than just nations and industries and group.s; to con- tribute, however modestly, to a better understanding by each of all."

Among the contributors ls Thomas H. Raddall, well - known novelist who once worked for Mersey Paper Co. Ltd.-. the Nova Scotia company which now is part of the Bowater International Operations.

A release from the Committee of Canadian Investment Compan- ies. New York, says that the eight registered Canadian mutual investment companies w h o s e shares are qualified for sale to United States investors, added ap-

[proximately $70,000,000 to their (holdings of Canadian_ securities during 1957.

William F. Shelley. co - chair.‘- man of the Committee of Cana- dian Investment Companies. com- ments in the release that this form of United States portfolio in- vestment in Canada supplies

‘needed capital in a form that does not arouse Canadian con- cern over domination of her key industries by outside policy mak- mg.”

INTERPRETING THE NEWS

Expensing Herd Foundation Can Cost The Farmer Money

By FORBES RHUDE

Canadian Press Business Editor

The income tax, which‘ most people can dismiss at this time of year with a few minutes spent over a T1 short form, is a thing of many complexities for others.

This is made evident by even a quick glance through a new book which carries the rather for- bidding title [of Canadian Income

Tax for Accountants but which;

makes simple and sometimes en- tertaining reading.

The book, written by W. G. Leonard and published by CCH Canadian Ltd., says that the ant- hor has kept one goal firmly in mind, “that of producing a text book that can be read and under- stood by students and business men.”

“It is hoped that no substantial

loss of accuracy has occurred‘

during the process of converting the intricacies of Canadian in- come-tax law and practice into business English.” TAXIS A SAMPLE

This seems modest enough

claim for the 406 pages of easy- reading text.

Here is one of the examples given: “A professional enter- tainer was permitted to deduct as an expense of earning her in- come the cost of taxis from her studio to another place where she entertained and where she could not arrive in time otherwise.

“However, cost of taxis was disallowed in another case when they were used for the tax-, payers comfort only and it was] held that their cost was a purely‘ personal rather than an expense of earning income.“

The city dweller, lonesome for green fields and running brooks, may stop to read advice to farm- ers. One such piece of advice says:

“One major booby-trap is pre- pared for dairy farmers and other farmers for whom a herd of livestock is logically part of the fixed equipment of their bus- iness from whose yearly produc- tion they earn their revenue.

ESERT

actually “March on it‘s stomach” an egg in the desert is always a welcome sight for the Reconnais- sance Squadron patrolling the Is- raeli-Egyptian frontier along the Gaza strip and the Sinai desert.

quiring livestock as a business expense in the year of purchase. This deduction seems advantag- eous to the farmer at that time.

“The farmer may not realize the implications of his decision to deduct these acquisition costs as if they were business expenses until some years later when he

sell his herd.

“In this year he will be forced to include the proceeds of disposi- tion of his herd as revenue which may shove his yearly income intc an ‘abnormally high bracket of the graduated rate structure and exact a somewhat cruel “penalty

“Ordinary departmental prac-

for his earlier rashness."

tice fails to discourage the farmer] from deducting the costs of ac-l BOMBAY (Reuters) __ sj__mta_ I ram S a v l a r a n Mirajkar, 56, lrnursday “'35 elected Mayor 01 lBomIoay, first Indian Communist

wishes to retire from farming and;

TRADER

Even though the Army doesn’t. [ Trooper Mefcel B0l11‘°I“° 0' R08‘

e1-sville, N. B., barters with two young Bedouin boys. who are already canny businessmen. for a few eggs not much larger than marbles. Tpr. Bourque is a mem- ber of the 1/8 Canadian I-Iussars.

4;.

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