~ $50 Milllion Sale Of Stock == Si#)s".Trrar"ransaes

_ Proposed By Pipe Liness Co.

By JAMES NELSON

OTTAWA (CP) — Trans-Can- ada Pipe Lines Ltd. proposes to issue $60-000,000 worth of pre- ferred stock, hoping to sell 99 per cent of it to Canadian inves- tors to finance the gas pipe- \ine's big. expansion program.

George Woods, financia) vice- president, told the Board of Transport Commissioners Mon- day Trans-Canada has suffi-

ON THE AIR

The tollowing program list- fngs are published free of charge as a public service and

, appear as presented to us by the stations concerned-

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Scores

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}

11:3

gas from Emerson,

through the United States to Sault Ste. Marie, Ont., and Sar- nia, Ont., selling some along {cient bank credit to carry. out red st hers viene ° ae its capital program this ‘vear, “Me Stowing — southesn ans market for natural gas

but the company will have big cash needs in. 1967 and it now is costing the’ company about |742 per cent to borrow funds jin the United’ States. | Arthur Nesbitt, president of the Montveal investment -firm |of Nesbitt Thomson and Co.,, and a director of Trans-Canada, |said the preferred shares will tbe offered to Canadian—and—Bu- !ropean investors. ‘They will -not be offered to United States in- vestors. ~ is the keynote in overcoming | | The board, which must ap Canadian sectional. differences, prove the company bylaw Bov- |G. Max Bell, Calgary publisher jerning the preferred stock, is| and financier, said here. lexpected to issue its ruling) ‘We can't live nearly as well Tuesday after hearing final tes- apart as we can together,"’ he timony. The company was-auth- }said in a speech to the Cana- jorized by its 1951 act of incor dian Club in which he decried ‘poration to issue. 1,000-000 pre- sectionalism. ferred shares with a par value’ It was unfortunate, he said, jot $50 each. that the position of Quebec was Terms of the stock issue Will treated with ‘‘too much indif- | be decided by the companydi- ference’ elsewhere per | rectors. The bylaw, appro..d haps mainly because of dis last week by ‘a shareholders tance. There were claims from’ jmeeting in Calgary, authorizes |the Maritimes, too, for a better ‘a dividend rate as high as eight |deal for thoSe provinces. Other |per cent, but John Clarry, Tor- | areas had demands. ontq lawyer appearing before| ‘It is evident that the Cana. | ithe board for Trans-Canada,. dian theme: is’ under. some in- | said the rate will be as low as |ternal strain,” Mr. Bell said. | |is essential to make the shares However, there was ‘‘nothing |attractive for investors. . |to compare with “the great so- IS FIRST APPLICATION 'eial, economic and political in- |

Mr. Nesbitt said Trans-Can- ada will need am additional $60.000,000 in chas for cpmpany’ business in 1967.

Sympathy — Seen Need |

TORONTO (CP) — Sympathy

noted that his body had never Mr. Bell,

y | publisher . of the had to deal with such an ap-'Calgary Albertan and chair- |

plication __before.__Unless_. the man of FP Publications Ltd. |

company wants to issue pre-|warned against nationalism ferred stock on other terms |aimed—at United States invest- sometimes in the future: the ment. The great’ improvement company is unlikely to have to jin the Canadian west's fortunes go before the transport board jin recent years had been due in again. Te ees ne in ~ jlarge part to U.S. capital. tawa wii ational En-|1§ REVERSE IN WEST ergy Board, which has power) | 4. canadian west, there | to authorize pipeline construc | ii ; : ” tion and export and import per- ;was ‘a “reverse brain drain mits from the United States to Can- i ada. . .

Mr. Woods said the company | «yw, _ winne | has property on which it could | cyan? stenaat oe Neue \issue bonds. worth $30,000,000, | out sacrificing any. of our Ca-

; donating , their

Board Chairman -Rod-. Kerr. stitution that is Canada.” |

‘but various trust indentures for |debentures limit this source of |

"| new company -funds- to --about |

| $8,000,000. Trans-Canada’s cash” |requixements for this year ‘amount to $58,600,000.

| One of the principal purposes |

nadian character.”

Some North “Africans are so

used to ‘brackish water they salt, rather than sugar, their coffee. 1

The . success rate for pilot candidates in the Royal Swed- ish Air Force is about four per cent. on

.

The Guardian Charlottetown, Wed., April 20, 1966, 15

2,500 Unpaid Volunteers -

e ° *. Aid In Pan-American Games WINNIPEG (CP) — ° Only ‘talents for organization and ad-

seven persons are on salary at ministration to preparations for

the. small office of the Pan-' the largést+-spértm meet ever

American Games (1967) Society, held. in Canada. .

the organization set up to tackle The society's executive Coun-

the enormous task of admin- ct! and the heads of its five

istration. . major boards - facilities: _ fi- But 2,500 unpaid volunteers— nance, organization, pr on

from the professions, labor and and seer ae Soe entirely sports groups and large and composed of businessmen who small firms. are have beén prominent in protes- spare time -to sional and amateur sports. making next year's sports DO HOMEWORK ON TRIPS spectacle the most successful in| Businessmen going on per. the 15-year history of the games. | sonal trips. or 0 conventions And. the staff is expected to take along promotional grow to 6;000 before the 17-day terial. Olympic - size program begins Winni July 22, 1967, : printing ‘ "Tt's as fine an amateur or- copying machine, ganization as has been put to free delivery service: gether in Canada,” said the so-|worth of billboards. ciety president, W. -Culver . Twenty - five secretaries take Riley, a member of the 1927 minutes at society meetings

business

peg firms have donated assistance—a $1,400 a multilitn,

and 1928 Canadian’ rowing during lunch hours and even- championship crew. ‘‘We have ings: some extraordinarily capahle

people working for us.’ The 128 types of fish that in-

Local businessmen—many of habif the Antarctic Ocean. are whom are or have been active |characterized by large heads in ‘sports—are providing their and small bodies.

RIPLEY'S BELIEVE IT OR NOT ~

=== SS ~—

OPEN ALL WINTER

A & W DRIVE-IN

i 1 | 1T.00=Newsand-Weather | 11.05—Notes and Music

RESTAURANT Malpeque Road

CRCW-TV

4.57 a.m.—Station Sign On 10:00 a.m.—Canadian Schools 10:30 a.m.—Nova Scotia Schools ,-11,.30_a.m.—Friendly Giant 11.45 a.m.—Chez™ Helene 12.00 p.m.—Butternut Square 12.20. a.m.—Across Canada 12:50 p.m.—Wednesday Playbill— The Strangers Hand 2.30: p.m.—At Home With Helen Crocker 3.00 p.m.—To Tell The [ruth . 2.30 p.m.—Take Thirty 4:00 p.m.—World in Contrast 4.30 p.m.—Razzle Dazzle 5.CO_p.m.—Secret Squirrel 5.30 p.m.—Musie Hop 6:00 p.m.—Nation’s Business 6.15 p.m.—TV News 6.25 p.m.—TV Weather 6.350 p.m.—FV. Sports : 6.35 p.m.—Supper Club sy ‘7.00 p.m.—Man From U.N.C.-LE. 8.00 p.m-—Big Valley 9.00 p.m.—Slue Light 9.30 p.m.—Canada 99 10:30-p:m:—Festival— Exquisite 20's —Festival— - ’ Dylan Revisited 12.00 p.m.—CBC-TV News 12.15 a.m.—Viewpoint i 12:20 ayn.—LTV News 12,30 a.m.—Station Sign Off

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Need 50.00

‘til Pay Day Try Atlantic's "Thrifty Fifty” $50.00 cost only 28¢ per week ATLANTIC, FINANCE CORP.

160 Kent St. Dial 2-2445

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Matinee—CBC

Hill and Speaking Personally —CBC 10.30—Starlight Serenade

CBA RADIO _ WEDNESDAY _

10.00—CBC National News, On Par. |

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Sanaster 12:00—CBC News 12:03—Sports Scores, Inland and | Marine Weather '12:15—Musie In The Night

DAILY CROSSWORD

ACROSS 41. Abel’s 19.A

ma- |*

$4,000 |

6-X LNJOV 1audaS

|

VWGNVUS

‘ 5 jae

TODAY, GRANDMA /

GOING TO Buy 's_\if NEED a ee A COMBINATION ./|i COMBINATION . \ res REFRIGERATOR-TV.’ f

1. Wedge- brother ____stripe shaped 42. Keel-billed 22, Staunch shingle cuckoos ~ sup-

5. Begone! DOWN porters 9. Vocal 1, Soaks in 23. Com- quality liquid mon-

-10. Not any 2. Hourly _wwealth

11, European 3..Monograms mem- finch 4.Troops =—.—C«é es” 12.Relativeof 5. Breaks abbr. the 6. Europ. 24. Scary Rockies rabbit ~gound— 14. Spruce 7. Conjunction—25.-Troubles 15. He snoops 8.Abounded 26. Goblins toconquer 11. Rebuff 28. Feels 16.Chiefchef 13.Transaction 29. Border 17. Elevates 15. Strength 31. Sail- 19. Babylonian 18. Friar’s poet Ae ‘vessel

OIRIEIAIDIS| ° OWININS PTA NRE Tr ‘ NIC

god

20. A univere . sity degree

21.Macaw '

22. Slope of vein or lode —

23. Climb

25.Turkish = titles

27. Electrified particle

28. Compass point

30. Wayside hotel

31. Rapped

33. Behold

34, Aegean,

' for one 35. Suspend 36. Deep-blue

pigment 38. Entertain 39. Noble 40, In this .. place

DAILY CRYPTOQUOTE — Here's how to work it: AXYDLBAAXRE is LONGFELLOW

One letter simply stands for another. In this sample A is used

_ CONTRAC

T BRIDGE

By B. JAY BECKER.

South dealer.

- PREE DELIVERY

From 5:30 p.m. to 11.30 pom. Open Seven Days a Week

From 7 a.m. to 12 p.m. Fish & Chips

Hot & Cold Sandwiches

All European Meat & Cheese

DIAL 4-6669

HEIDELBERG

Coffee Shop & Delicatessen 192 Kent Charlottetown

Neither side vulnerable. } NORTH 987 @ASE3B | @A872 | , KJ WEST FAST 642 @Q5105 @7 i) ¥QJ310 ea4! 195 H10875432 .hPAQE ‘SOUTH @AK3 @K9542 @K1063 9 | The bidding: a Sou West Nort Fast lye .Pass 39 Pass 49 The bidding:

Opening lead—five of clubs

about cotinting to thirteen and the result is that they miss much of the pleasure and satis- faction that come from count- ing out a hand. 3

There are some so- called guesses which are not guesses at all if vou pay. attention to the cards that are played. Everybody. knows that each player is dealt thirteen cards and that each suit contains thir- ‘feen cards, and making use. of this knowledge—is not really bevond the ability of anyone. In most hands all you need to do ig take advantage of this know-

AT,

‘ning the jack with

jledge and many of your prob- lems will be solved.

South: is in four hearts and should go down, as the cards lie, but he may. wind up: mak- ing the contract_unless_East_is on the ball.

West leads a club, East win- the queen and continuing with the ace. De- clarer ruffs and plays the A-K of hearts, hoping for a 22 di- vision,_but..West shows out#on the second trump and it then

‘looks as ‘though South must go |down one.

However, declarer sees a ray of hope, and plays accordingly. He cashes the A-K of spades and exits with a spade, saddling East with the lead. East first cashes the queen of hearts and then is faced with the problem, of what to do next. He realizes that if. he returns a spade or

discard i. If East succumbs to this. fear and returns a diamond. South can make the contract guessing correctly and avoiding ‘the diamond loser

But if East is on his toes. be realizes that South who is

known to have started with pre |

cisely three spades, five hearts and one club—has exactly four diamonds and that a. ruff-dis- card cannot possibly help him Accordingly, East plays a spade or a club and South must even: tually losé a. diamond and.eo down one,

al Most players tend to be lazy club South will get a ruff and)

by |

for the three L’s, X for the two O's, etc. Single letters, apos- trophies, the length and formation of the words are all hints. Each day the code letters are different.

| A Cryptogram Quotation

j IQFQKC. ECHFWAZ. XI. FDC | YDWUE WH NUPNZH FDC PXKM | xr Fpde TXFDCK.—ANVXUCXA

FDC

SNOW AINSIN

WIONVY 3NOT FHL

BOSH! YOU'VE PAMPEREP HIN AN! SPOILE? HIM TILL HE DON'T KNOW

TO DO

vuoOTvd 30fF

OUR BOARDING HOUSE MAJOR HOOPLE

HOLD If RIGHT THEZE!)/ WE'RE HERE'S $10 FOLDIN® 7 {COMIN UP MONEY THAT 4A¥S <> WITH YOUR BEST WILL BE )/ ANOTHER

AWPF* SPUTT-TT/ “WHY, T'VE USED BAIT LARGER THAN ANy- | HING YOU CITY BOYS EVER

LANDED WITH ANETS IF IT A MINNOW NEXT TENNER, DIDN'T Have some ASPECTS \ “oS TO MINE! MASOR! OR OF STEALING, I'D MAKE A wey v/ DO YOU WANT

W/O WIGGLE

LITTLE ER ON WHO GETS }.,” OUT OF THE NET J]

| THE BIGGEST FISH! =r

wAaNaV 1.1

walzaNs 32 SOONW

yy?

{GAME COULD

1S. WHEN I GO OUT ON

NOT LOST; } ALWAYS. FIND MY_17 LE ]A GOLF COURSE!

WAY AROUND HERE

MIRRIONS -) FLAB,BABY!!-DON'T BLOW'NOUR } I'M ABDICATING, ARE WAITING, ) CAREER //- YOU'RE THE KING! / FOR THE DOLPHIN 1 LOVE.

FRABMAN, /7p—~

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