< © sts

i

3

physical— -development. “Canada, I believe, is eapable

fof a major spurt of economie

growth comparable with that éf

; the United States after the First

World War; but to do this we

}imust have the capital now and ‘| for a long time into the future.”

| Mr. McLaughlin called for an end to the present fixed ex- | change rates for the Canadian | dollar.

.| "The present system, he said, */ often forces monetary and fiscal

policy to run directly counter to /domestic needs.

| 14 The Guardian, Charlottetown, Fri., April 29, 1966.,

jin her over-all economie—not jserves and U.S. dollars in bene-|

aan WERE CHANGED

Ontario used to have 196 lakes | oN Mud Lake and 64 stil |

fitting the U.8. balance of pay. \share the name.

Only at Taylors .. .

ments. ted

URGES SURVEILLANCE

He suggested that the idter- | national monetary fund provide a system of surveillance on ex- change rates so they cannet be manipulated by governments as |weapons of “economic war- \fare.”” ; | “Parenthetieally I should like | ito make it quite clear that in, | jmy opini a floating exchange | \rate for Canada would not mean | ja fall in the present external

W iamend.

AT 25% SAVINGS DURING OUR BIG APRIL DIAMOND BALET

“It washes _ | 24 pounds in less than 30 minutes

ce | : ivalue of the Canadian dollar. | In spite of some contrary views, | \the Canadian dollar has been, land I believe will remain, strong.””

A “floating” or flexible ex- pe rate, on the other hand, jwould provide an automatic

-|balance of Canada’s gold re-

@e 9 ssweiiers

Dial 4-4253 |} we

PROGRESSIVE CONSERVATIVE NOMINATING CONVENTION

. For

‘121 Grafton St.

Miia a

No wonder she’ ‘s dvantionk Most ordinary washers take several hours -*o wash a 24-pound load!

: eS | ~ CHARLOTTETOWN : SHERWOOD - PARKDALE and ROYALTY 5th and 6th Queéns

ee et Ee

Stewart Street Charlottetown.

FOUND ON BRITISH SUB

Barbara McVay, 17, Balti- ‘more; sits in the rear of a’ police car after she was dis- eavered as a stowaway on the

at the mouth of the Delaware and Chesapeake Canal, where she was picked up by Delaware State Police. No charges were | filed. (AP. Wirephote) i Sum sren aioe Se tes teoe nt ae Discriminatory Canadian leg- } islation should be repealed at | the same time. | Canada’s great need for out- side capital. arises from its | position in relation to the United

British Submarine, Walrus. The sub had left Baltimore enroute to Scotland when Bar-

bara was found’ and put off,

Foreign Capital Welcome Urged By Bank President

NEW YORK (CP) — Cana-|{coura ed, b ‘States, Mr. McLaughlin said. dians should welcome foreign sonay y, Canadian law cor |” when the economic histories | ae and worry less about! The government should ty to ‘of our ‘two countries in the 20th | he so-called threat of foreign|raise a “legal border” to s 1 ead th are written, it will be domination, W. Earle McLaugh-|the smuggling of foreign Jaw |Said that, Canada was about se |

at of the nk.| and_regulation. inte the country.:'years_ behind the .United. Staten |

open see reel THEATRE | “MONTAGUE |

°-he told the Economie Club of

‘New York. | “Foreign “owned subsidiary j~

eorporations are Canadian cor- |

Matinee Sat. 3:30-8 p.m.

Friday 9 p.m. Sat. 8 & 10 p.m. D.S. T._ Adm. 30c - 0c - 75¢

special plumbing or wiring needed. .

dict

WASHER/SPIN DRYER

porate citizens, and, at least in | my experience, “they are good | eitizens,” he said.

Nevertheless, the whole ques- | tion of foreign capital in Can- |

PREMIER W. R. SHAW, Guest Speaker

ada has become “fodder for "The Jewels" Lewis : , emotional debate and for some te delegates detannstee nud liked teed. Playing Seve» Roles — Jerry Lewis js Seven Times Funnier Each Pot may be rep! ed by five voting efficial policy and action.” low, Circus) Clown— Air Plane Pilot-— Private Detective Mr. McLaughlin said there is Gangster, Bodyguard, Ferry Boat Captain. None Better.

a real need, however, for leg- isilation that would insulate Ca- nadian corporations — including ’ foreign - owned Canadian cor-

porations—from foreign laws or Tacdinties that reach | across

Few as Good.

Coming Monday, Tuesday, May 2-3 “Take Her She’s Mine’’ James Stewart, Sandra Dee. -Alse Cartoon.

WELCOME

a es

Trade-In Your ‘Old SSeS

A Laugh A Second — Romp with the Screen’s Funniest Fel- t | Pay Even. Less!

“the border. Tear ee ee ee oes UR ASE “Sometimes foreign laws or regulations affect a foreign-

owned Canadian corporation | through pressure by the foreign _government—on the—foreign aes ent corporation.

“The subsidiary is then denied the right to do something that may be perfectly legal, even en- |

_ 16: The -company’s-.shares were | selling at $199, up $19, on the Toronto Stock Exchange - Wed- | mesday. It has 64,048 shares out- | standing of its authorized capi- | ‘ talization of 200,000. shares.

TORONTO (CP) — British | American Oil.-Co. Ltd. an- nounced Thursday it is raising its quarterly ‘dividend rate to.

-

: JOHN WRIGHT - The Hoover Representative will

he at Holman’s in Charlottetown

APRIL 29-30 ASK: for a DEMONSTRATION !

SEED Gna

New Model 883

HOOVER

DELUXE

VACUUM

Super powerful suction’ lifts.out deep-down dirt im your rugs. New extra-durable hose eliminates

Buy. one new B. F. Good- rich Tire at the Regular Price, get an_ identical B. F. Goodrich Tire for

T

27% cents from 25 cents. The | oh T R kinking or cracking. Built-in attachment caddy increased rate will be paid for Plus Two Retreadable keeps the complete set of cleaning tools right at the second quarter, on July 2 Trade-Ins your finger-tips. Fully guaranteed for one year’s for shareholders of record June ‘| service. Floats on air, no tugging. 8. Reg. 69.95

NEW YORK (AP)—Interna- | B. F GOODRICH FREE MUFFLER an Te tional Business Machines Corp. | SPEC ¢ said Monday~it- plans an -offer- | INSTALLATION ze ff ing of stock to shareholders 1n | » NO DOWN PAYMENT, 7.00 MONTHLY order to raise about $350,000,- WHITEWALL BONANZA SPECIAL ‘ 000. | : r Y

The funds would be used to | d BLACKWALL 1958-1964 CHEVROLET i finance increased production of | : ( system-360 computers: for which | an *s ONLY AN Bright Shiny Floors quickly easily! * the company said there is an : 9 : ‘unprecedented’ backlog of or- Hl OVER ders. TIRES ; Installed

NEW YORK (AP) — General | Motors Corp. has reported | a decline in earlings in_ the | 1986 first quarter from the level of a year earlier.

GM, the world’s largest man- mow tmetorer, earned $594;000;000;— or $2.07 a share, compared with

Floor Polishers

This polisher is designed to give your floors & long-lasting gleam that will, delight all home- ...makers. shits twin-brush model, powerful motor, durable fibre bristles:-Full- wrap-around

aS

SAMMATINNWZ | Z

: ; humper guards against marring vour furniture. fee ware share in F R E E A, 3 5. Per Tires Trued 5 0 Extra. One ate stores aa on on the Sales rose to $5,700,000,000,:a y handle. Fu . warranty on parts an

record fora first. quarter, from tamed Vheel and Balanced “> labour.

we wot $25.00 CASH re HALIFAX (CP) — GR. Jolly, AND MANY OTHER DOOR PRIZES

presidem of Anil Canada Utd — é SPECIAL

has announced thal the prin- Free Balloons for the Kiddies

cipal contract for the construc NO DOWN PAYMENT, 6.00 MONTULY:

tion of the main factory: building Coffee and Donuts

has been awarded to Kenney i . ; 4 Construction Ltd. Construction Coca Cola ; work will commence. immediate- / i “a ‘Ivy on the East River, Lunen-- The first 25 Lady Customers burg County site, Mr. Jolly said will receive a carnation or rose

ee =3<

Anil, Canada announced plans

last August to build a hardboard . AA

plant in Nova Scotia with the as Wi X

sistance of Industrial Estates WS. Peters Road, Parkdale Dial 894-4912 or 962-2310 Ltd.