Dyfirw pun :-
'0 2.,/II,uuJ ,
_.-i.,,v.. ‘.4.
.,uu1-
l r;:.; -.'i i'._'\' .~:;;v. ii<.\'~.;.
tjaf,
luhcr inc art-ciiiiis are made up
tf,‘rni!;iiiierI from Page 3‘ {'rrI or constant char; but- -t I0 very drastic revision in (‘B56 of a recurrence of a de- ’i~r::.—'ion period."
“.\'DITL'RES,
5 ,2-,i_‘..’}<
1957-58 ,
'4»: tie pre.-.cnl fiscal year are
years" said Mr. MacDonald, “I have found that our forecast ex- prvn’litu"es have been reasonably a'~=:urate. As a matter of fact they have been greater in some instances than the actual result‘ compiled some months later af-i
als approved at the last session‘ called for an expenditure on Or-
as of _\la1'ch 315:. 19.38, they will H picture -V0”
reflect a much better than now forecast..’’ The 1957-38 budgetary propos-
dinary Account of $9,132,417. The;
Uri!’
I'I"“"V‘|f "|‘1""|'.‘\'.fiq
the
at table"
;.e ct:n1pa'.‘ative
said Mr. MacDonald, will note that the amount anticipated by the Province un- der the 1957 Tax Rental Agree- ment with the Government of Canada, for the fortih-coming year, will be $4,136,000. The in-
b
.CmCmS of expemmme forc:-ast expenditure, as shown is.terest.ing point for the future is
665.388 — a difference of $53 ,- that these tax rental payments h.~n-,r~tI upon nine months‘ actiiali 971" aiuriburable largely to 30-‘ are tied to What many is “he tax‘ WUILS and Wee months fm.e_‘increasc of $2-17.235. in Welfa1'e;3ibI€ income of corporations and was... ..h.Om a Swdv of formemand Labour and $223,221 refund.§individuals. The ‘CDI7p0‘I'aI.101I in-
" e to Ottawa under -the 1957 re-icome tax at the present rental
u
tal Agreement. . . “A comparison of the fore-: cast expenditures with estimates for both Ordinary and Capital, in- cluding Soans and Advances, and
tor the close of the fiscal year,iiL:f:1 E1ecmfi°a“°“ is 35 f°I' - -A - -- -N (H ,..¥_... I ’ I
0.'\‘ ORDINARY ACCOUNT
Estimates Forecast Increase or
Fnn(:tiorI 1957-58 1957-58 Decrease (-1 Debt Charges $ 1.730.200. $ 1,660,954. $- 69 246. Health .......... .. 1,648,338. 1,602,201. - 45137,
Welfare and Labour 802,900. 1,050,135 247’235_
Education . . . . . . .. . 1,535,490. 1,502,170. 26,680.
Attorney-General ,_ 232,590 237,393 4_300_
Legislation .. 97.230. 106,430 9200,
Agriculture ...... . 510,340. 517,373. 0533.
Industry and Natatfiai '
hRe.s0uI‘ces ... 110,620. 99,755. - 10,865. Fis cries . . . . . . . 27.960. " ,
Highways, Bridges. r'.vri'ies, 29080; L919’ etc. . . . . . . . . . . . . . . . . 1,448,560. 1,4 , . ._ - - Public Works . . . . . . . . ...... 30.700. 33?1?05(0)()_ 8,33%: Refunds of Revenue $1,000. 646,345, 295345_
K7-rants & Assistance to ’
Municipalities and ‘
Incorporated Villages .. 129,709. 136,045, 5335_ Insurance Premiums 30.000. 30.000. - Insurance Reserve Fund 20,000. 20,000. ,— General Government 426,280. 495,360. 0 69,080. Total Ordinary Expenditure $9,132,417. $ 9,665,388. $ 532,971. CAPITAL AND OTHER EXTRAORDINARY Highways Bridges. etc. . 35.340000. $3,175,000. $-2,105,000. Fixed Assets . . . . . . . 340,000. 207,300. - 132,700. Loans and Advances 200,000. 134,479. - 65,521. P. E. I. Frosted Sum
Foods Limited ........ Svuifficient 280,000, 230,000, Other; Extraordinary
Expenditures 423,000. 252,648. — 170,352. Rural Electrification 250,000. 250,000. —— - Total "Capital and Other
Extraordinary 8 6,553,000. $ 4,299,427. $-2,253,573.
Total -.0rdrin.ary and Capital Expenditures
. . . . . . $15,685,417. $13,964,815. $4,721,602.
CAPITAL RECEIPTS I
Against the above Capital and other Expenditures the Province will have received during the year certain Capital Receipts: On Federal -' Provincial Highway Project: including Trans-Canada Highway 3 federal contribution of $550,000; on Hospitals Con- struction from Ottawa $57,460; interest earned on Sinldng Fund Investments $150,070; sale of Lands and Hangar $4.585; refunds of Loans and Advances $59,665; for a total of $821,780, leaving a net carpi-ta«1 disbursement for
the current yea-r"of $3,477,647.
DISTRIBUTION
“During the present fiscal year we forecast, according to the In- terim Statement,‘ a total expen- diture of $14 million. In round figures, here is how the money
Of the forecast increase of $2,- 001,493, for the fiscal year 1957- 58, there is included in this total $354,814. representing the net a- IIIOILIIJI of loans and advances made during the year. Although -these loans temporarily increase the debt for the year, neverthe- less they are recoverable at a later cliate.
DEBT INCREASE
While the ovcr-all indebitnesis increased by $2 million, this a- mount is reflected in additional I'cvenue- producing assets incur- red, such as Highway Construc- tion, Bridges, and new Machin- ery at a total cost of $3,175,000; we also acquired new and addi- tional buildings and other facili- ties at a cost of $207,300. and gave $140,000 assistances to rural and senior high schools. In addi- tion, we spent $250,000 on rural
was distributed: On Public Works and Highways 34 per cent Health and Social per cent , Debt Charges 12 per cent Education 12- per cent Productive Services, including Tourist Promotion 8 [per cent Sundry items, such as loans and advances, capital grants, and assistance to rural and sen- ior high schools, and munici- palities, etc. 6 per cent
Refunds of Revenue, including re- payment to Ottawa 5 per cent
Legislation, Justice and General Government 4 per"cent.
DEBT FORECAST
Following is the forecast debt position of the Province as anti- cipated at March 31, 1958 -— Tbtal Expenditures includ-
_ing transfer to Sinking Fund
« Account. $14,114,885.
Total Revenues $11,350,759
Gross deficit $2,764,126.
Deduct from the above total the amount provided for Debt Re- tirement and transfer to Sink- ing Fund Account $762,633.
Net Increase in Debt For 1957- 58 $2,001,493. '
The Net Debit as of Mar-ch 31,
1957, according to the 1956-57
Public Accounts was $21,591,606 Forecast Net Debt — March 31,
1958 $23,593,099.
Services 19
electrification, m a d e capital grants to hospitals, exhibitions, loans to municipalities for fire fighting, and financially assisted industrial :esta-bli-sh-ments, all of. which, together, amounted to ano- ther $461,000. A total investment acquired of over $4‘/4 million. “Despite our debt of 231/E mil- lion dollars” said Mr. MacDo‘n- ald, “we are reasonably solvent: so much so, that‘ during the year (one of high interest rates) we floated a 20-year 41.11 per cent Debentu-re Issue to cov- er capital expenditures incurred for highways. The cost to us was in close proximity to that receiv- ed at that time by the richer provinces and is in no small de- gree due to a widespread recog- nition throughout (Ianada that the bonds of Pri11ceIEdward land are a sound investment. slt also is a ‘test that our total in- debtedness is not disproportionate to our income and re-sources. . "
1958-59 ESTIMATES
The estimates for 1958-59 show a total revenue on Ordinary Ac-
count of $13,092,886: $8,107,140. comes from the Federal Govern- meht , in subsidies, tax-rental,
and subventions, and the balance $4,985,746 from local sources. For coimipara-tive purposes -these rev- enues are summarized for the past, present and the fo1'thcom- ing fiscal years:
Agreement the Province will re- ceive $4,136,000.(plus our subsi- dies grants), under the provis- ion included in the Act that no province should receive less than it would have received had the 1952 tax-rental aigreementis been extended for the next five years.
The result of this provision is that Prince Edward Island will !‘0<:ei\'e a stabilization paymcrit
Total Ordinary Reienue
culations to bring its allotment up to the level of its present comipensation. In addition to the tax-rental payment we will re- ceive a further amount of $2,500.
000. as our pontion of the addi- tional grant to the Atlantic Pro-
inces. This latter sum shall be paid for each of the four succes- sive lfiscai years commending on the 1st day of April. 1993-
1956-57 1957-58 - 1958-59
‘ ' tes PI‘0\'inciaI Source Actual Forecast Estlma V; income Tax——Electricity $ 30-093 3 40000‘ $ insurance Premiums Tax —_ 2175’000' Gasoline Tax . . . . . . . . . . . . .. 1,805,913. . 2.100.000 2 7000' Amusement Tax . . . . . . . 92,986. 89,000. 2$;0;-.OO0- -iquor Tax .............. .. 273.132. 274.500. _10-Om
. T,,ba(.(,0 Tax V _ _ . _ ’ _ ’ _ _ _ __ 139,390 205.000. 2-_ .000.
I‘I“!0i- Vehiclt‘ Licenses 55 0- 569'???‘ D30‘ '0‘ C[WI3fll‘EIlIi)!I Licciiscs .‘ 60.131 593” ' ' 0t . «. . . -
ht; I}:‘l((\(f‘:l.\E‘S. Permits U gkizmfig. 255.704’ 2b.O‘350‘ re“-lD€1‘ai1Ce .-\(‘t I :1". . . . . .. 913.046. 915.000. 910.000. F1095 and P€‘l1alti(=s . . . 41.130 ‘er Rmeiiues and Refunds 313.597. 313.652. .3 » 0LtI\I0lI;l!'\kI'I(II< PlU\lIlLl:lI s 4499.112. $ 5‘0O2‘6M‘ $ 4~985‘7‘§6'
§,10,L)2£,l4.7. $10_.5%.973. $i3.o92.3a6.
:VIS€(‘I terms of the 1952 Tax Ren-‘rate of 9 per cen-t accounts for
about 60 per cent of the tax yield from the three tax fields calculated. Conpora-tion taxes are unstable. If conporation income should decline, payments to pro- vinces would decline, and vice
- V€I‘iS3.
“Let me repeat, however, that under the present. tax rental {‘i~ greeiment. Prince Edward Island will not receive less in any of the five year term than it re- ceived under the 1952 tax ren- tal agreement. By this means Pirince Edward Island would, at least, maintain its existing p-osi- tion. Subventions from the feder- al government in connection with health services, old age assist- ance, blind pensions, unemploy- ment, limestone and vocational vpmgramis, etc. are estimitaed at $823,958.
“We are estimating that collec- tions under the Highway Traffic Act will remain steady at $550.- 000, and it could go as high as it did in the current year — $569,- 700.
GASOLINE TAX
"Anticipated revenue from the gasoline tax of $2,175,000 is up slightly over the current year‘s liorecast. With the increasing number of motor vehicles travel- ling on ouriimproved highways, especially during the tourist sea- son, and the general year-round use of passenger cars resulting from our policy of keeping the roads open in the winter season,
' ‘it is felt: that this figure of $2,
175.000. is not unduly optimistic. “Estimated revenue from reg- istrationand licensing of Corpor-
Function _ Public Debt -’ Service Charges Debt Retirement Health Welfare and Labour Education . . . . .. Attorney-General Legislation Agriculture . . . . . . . . . . . . . . . . Fisheries Highways, Bridges, Ferries, etc. Public Works
line Tax‘ Rebates Other Expenditures, including
Grants to ll/llunicipalities and
Incorporated Villages General Government
Total Ordinary Expenditure
The total estimated expenditure provides for an increase of $710.- 482 over the forecast expendit- ures on Ordinary Account for the current: fiscal year, just ended.
The first two individual items are for servicing the public debt and the amount proposed is $1,- 126,938 for interest, and $699,250 for debt retirement. The former is $78,547 and the latter amount $86,687 more than forecast for the fiscal year 1957-58. These in- creases are due to increased bor- rowings for the current and next fiscal ears for capital expendi- tures, In line with the continued expansion of provincial services.
HEALTH EXPENDITURES Health expenditures for the en- suing year are estimated at $1,- 733,902, an increase of $131,701, over the present year‘s disburse- ments. The largest increase $70,- 000 is in the cost of operating Riverside, Hillsborough General, Hospitals and the Provincial In- firmary. The other increases are in control of tuberculosis $15,000; mental health, other than insti- tutional operating costs, $3,000; sanitary engineering services $10- 000; public health nursing $3,000; laboratories $11,000 and profes- sional training $7,000. All of which reflects the high cost of maintaining the many health ser- vices provided by the Province. “The demands for facilities at the various health institutions is continually increasing and to keep pace with the services insti-
I
1956-57 1957-58 1958-59 Federal Government Actual Forecast Estimates= Statutory Subsidies . . . . . .. $ .647.l82. $ 647,182. $ 647,182. Tax Rental Agreement 4,214,368. 4,136,000. 4,136,000. Atlantic Provinces _ Assistance Grant . . . . .. — '— 2=°00~000-‘ . I s 4.861.550. $ 4,733,132. $ 7.233.182. 3 Disabled Persons’ Allowance 65.844. l07.7_03- 159-000-. ‘ Blind Pen;-‘ions . . . . . . . . . . .. 31.267. 3.9.772. 45,000., ’- Old Age Assistance . . - . . 98,298. 133,224. 190,000." Unemployment Assistance .. 109,069. 62.350 501000- Health Grants .‘ . . . . . . 277.569. 295.977. 310.000- Limestone . . . . . 35.761. 36.000. . 36.000. Other Subventions 49.677. 72.000- 41950- Total from Federal Gov't. $ 5,529,035. $ 5.525.298. $ 3-107-140- Under the 1957 Tax Rem“ on the basis of the federal cal-
1‘
Friday
layette items.
. . . . . . . . . . . . ......-...).-...-u
.....-..oao.-an-
Industry & Natural Resmncoa
atlons is expected to yIeTd the same as this year, some $60,- 000 roughly.
“Collection: from the tax on tobacco will, in all probability, go up as high as $210,000, some $5,000 more than is forecast for the present fiscal year.
“Amusement Taxes are stead- ily declining and, although we are hopeful of collecting $90,000 next year, it could drop down to $35,000 and yes, to $80,000, the result of the impact of television on theatre-going, and perhaps, at the same time reflecting, to some degree, the changing habits of the people. The Government has fully appreciated the reasons advanced by our rural theatre operators for a substantial re- duction in the tax on admissions to theatres in rural communities but have had to defer action un- til it was quite clear that the budget position would permit the resultant loss in revenue.
LIQUOR SALES
“Although profits and tax re- ceived from the sale of liquor and permits has been hovering around the $1,200,000 mark these past two years I have every refi- son to believe that the coming year will see a slight drop. How- ever, we are estimating $273,000 from the tax portion and only $910,000 profit.
“I believe that because this source of revenue was the first to reflect general prosperity it will be the first to bear the im- pact of any recession or tight money. It is a matter of caution also because there was without doubt a considerable volume of non-recurrent free spending money in circulation in the cal- endar years 1955, 1956 and 1957.
“Revenues will drop in certain categories, which happens each year but I do not look for any drasticchanges in next year, ra- ther a levelling-off and gradual stabilization in line with indica- tions that are becoming more ap- parent every day."
CURRENT EXPENDITURES
Mr. MacDonald analyzed the estimated current expenditures for the 1958-59 fiscal year as fol- lows:
Increase or Decrease (-) over Forecast
Refunds of Revenue, including Gaso-
‘ Estimates Totals for 1958-59 1957-58
. . . . $ 1,126,938. $ 78,547. ..... 699,250. 86,687. 1,733,902. 131,701.
1 252,660. 202, 525.
.. . 1,725,662. 163,492.
. . 238.460. 1.070.
. . . 102,650. - 3;780.
.. . . . . . . 552,200‘. 34,827. 104.987. 5.232.
. . . . . 29,840. - 39. . 1,441,990. 2,140. ..... 27,960. - 3.040. .. . . . 649,221. 2,375. . J, 193.970. 7.925.
) . . . 496,180. 820.
. . . .. $10,375,870. $ 710,482.
tuted addition-al sums are being provided annually for new build- ings, additions to existing ones, and equipment under the capital section of the estimates.
‘Total requirements for the De- partment of Welfare and Labour are estimated to run as hi-gh, as $1,252,660. for next year. An in- crease of $202,525 over this year's expenditures. The estimated in- crease is practically all account- ed for in four items — old age assistance, blind pensions, disab- led persons’ allowances, and mo- thers’ allowances, due to increase in rates, maximum earnings al- lowed, and the number of new recipients. There has also been an increase of $5,000 requested for extra-mural T.B. assistance — a worthy request.
EDUCATION ’
“For the Department of Edu- cation the Minister is recommen- ding an expenditure on Current Accoun-t of $1,725,662, ‘an addi- tional $163,492 over the forecast expenditure of’ $1,562,170 for the present fiscal year; mainly for teachers salaries and supplements $65,000; Transportation and Tui- tion $50,000; Prince of Wales Col- lege $22,000; Teacher Training Loans and grants $10,000; Voca- tional Training another $12,000. and Textbook Subvention $5,000 more. '
“In addition‘ to the proposed current expenditure of $1,725,662. the Minister is requesting $125,-
/
Miss M. A. Mafheu
Curity Consultant, will be at Moore & McLeod on and Saturday to assist prospective mothers with the selection of their
000 for assistance to rural and
, SPECIAL ...
FRIDAY. APRIL IIth on/1cI SATURDAY, APRIL I2II1
CURITY DIAPERS
3.29
MOOSE & Mc LEO“
4.95-—Specia1—
senior high schools: 850.000 fort assistance to regional high schools; and $120,000 for Voca- tional School; all of which are shown under the capital section of the estimates. i
“Estimates for the Department‘ of Attorney-General total $238,- 460, practically the same estim- ate as the forecast expenditure for this year.
AGRICULTURE
“Agriculture estimates are in- creased to $552,200, .an increase of nearly $35,000 over the cur- rent year’s expenditure. Two new items appear — $8,000 for field inspection of table stock po- tatoes and $5,000 for forestry fire prevention. Grants to students is up to $3,000; the amount of $10,- 000 for Potato Industry Promotion Committee is again being propos- ed for approval. Limestone con- tinues to be bonused and a vote of $70,000 is included in the es- timates.
“The majority of the other ap- propriations vary very little. The expenditure appropriations in this department are required for the continued expansion of our agricultural program designed to assist those engaged in our pri- mary industry progressively to improve and stabilize their farm operations.
“Some $135,000 have been pro- vided for Industry, Natural Re- sources, and Fisheries, for the furtherance of their respective programs. In Industry and Nat- ural Resources a sum of $15,000 Is again provided for predator control, and $13,000 for fish and game development. in Fisheries the department this year is re- questing an appropriation of $30,- 000 approximately for the con- tinued development of this our se- cond most important industry. HIGHWAYS
“The Department of Highways has been allotted the sum of $1_. 441,990 towards the maintenance of highways, bridges, and fer- ries, etc. Included in this total is a sum of $400,000 for snow re- moval and another $400,000 for the maintenance of permanent highways. In addition, the House IS being asked to vote an addi- tional sum of $4,290,000 for capi- tal expenditures for highways- and bridges, including Federal- Provincial Projects amounting to $2,250,000. Of this sum we will receive over $1,700,000 back from the Government of Canada as their contribution to the project.
“This Department. despite in- creased estimates last spring, has found that rising costs and need of more maintenance work have been a heavy drain on its allotments. \
“The vote for highways is not to provide for an extensive con- struction program, but to permit the Department to undertake an increased and heavier program of maintenance and renewals. With the increased mileage of provincial roads under mainten- ance and with the gradual de- preciation of all forms of high- way surfacing, whether it be blacktop, gravel or earth, the cost of maintaining the present invest. ment grows from year to year.
“In my opinion, there is no in-- vestment that this Province can. make in material things that will‘ yield the returns by way of at- tracting tourists, by improving the living conditions of farmers, by increasing the value of their farms. and by improving trans- portation facilities, as well as in- creasing the revenue of this Pro- ince, that will compare with the investment in modern highways.
‘”I‘~he estimate of $27,960., for public works, as shown in the list of functions on Ordinary Ac-, count, is entirely for administra-‘ tion. The maintenance of the var- ious public buildings are adminis- tered by the Department of Pub- lic Works and charged separately to the function they are operated under.
“For example, the maintenance of Prince of Wales College is charged to Education; the main- tenance of our Jails to the At- torney-General; Mental and Tub- erculosis building to Health; Beach Grove Infirmary to Wel- fare; and so on. The expenditure does not in any way indicate the problem facing the Government and the department to construct and maintain buildings - and equipment for the accommoda- tion of all the services now being demanded by the public. The esti- mate cost of maintaining our public buildings, exclusive of operating costs throughout the Province runs to over $400,000.”
Irregulars—1 dozen,
aged in cellophane bag. Reg.
The vote of $50,000 for in-
DAYS ONLY I
pack-
LIMITED
"Your Favorire Shopping Centre"
surance on public buildings again , includes, as it has in former‘ years, $20,000. to be paid into a special reserve fund intended eventually to enable us to be our own insurers. The Fund, at the end of March, 1958, will amount to over $135,000. when the ac- counts are finally closed for the current fiscal year.
“Continuing the policy of grant- ing assistance to municipalities and incorporated villages, we are, therefore, providing $143,970. in the estimates for this purpose.
The various administrative ap- propriation-s proposed under Gen- eral Government totalling $496,- 180 include nearly $80,000 for the Tourist and Travel Bureau pro- gram for 1958; nearly $60,000. for the operation of our Motor Ve- hicle Branch; another $40,000 for the maintenance and upkeep of the Provincial Building and An- nexes; $50,000 for light, power and water; $65,000. to the Civil Service superannuation fund, in- cluding statutory pensions; and the balance is to provide for the administrative costs of govern- ment, as listed.
It is the Government’s Anten- tion to continue Rural Electri- fication and you will be asked to consider a further amount of $250,000. for this purpose.
CAPITAL EXPENDITURES
The estimated receipts for the year total $1,904,000. (Federal contribution toward the cost of Hospital Construction $145,000; For Highway Projects, including ‘Trans-Canada Highway $1,709, 000; for Vocational Education
Knowing Job Is Better Bet Than Marrying Boss's Son
By HAL BOYLE -
NEW YORK (AP)—-A woman who operates a $100,000,000 - a- year business gave this success tip Tuesday to aspiring young
secretaries :
“Don’t concentrate on marry- ing hhe boss's son. Instead learn
the boss’s job.’
Blue - eyed Miss Catherine L. 0’Brien, a pleasantly stout and cheerful woman in late middle
age, followed her own advice.
One of seven children of an Irish electrician, work at 17. In 1931, she quit a good-paying job as secretary for an insurance firm to help the late Frank Stanley found the Stanley Home Products
Company in Westfield, Mass. The first year it did a business of only $72,000.
D0 EVERYTHING
“I had to learn the boss’s busi- ness, «because I had to help in
everything." said Miss O’Brien.
7
“In addition to tyiping letters, I learned to do the buying, keep
the books. help supeirvise manu-
facture and distribution. "I even put the handles in the
bruislies we sold, and packed the orders.‘
Rung by rung she climbed the ladder. In 1951 she became pres- ident of the firm. With the help
she went to
Beveridge
of only one vice-president (a, man), Miss O’Brien now directs some 4,000 employees and 000 dealers (mostly housewives) across the U.S.
IS BANK DIRECTOR
She also is a director for three banks, is active in several phil anthropic organizations. Her an- nual income from salary and in- vestments is more than $100,000.
Miss 0’Brien doesn't believe in surrounding herself with “yes men.” But she has little trouble dealing with her own male exec- utives, and explained, with a smile:
“I’m in a fontunate position I hired most of them myself over the years.”
What causes most women to fail to achieve success in busi- ness?
“Unwi1lin~gines»s to pay the price,” said lvliss 0’Brien firmly. “The price of success for a woman is loneliness. If she isn't willing to make her job her life, she should give up the idea of
The Guardian Page 7 Wed., April 9, 1958
600 SUSPECTS I-IELD
NICOSIA (Reuters) -— Lealfets were distributed in Limassol Tuesday night calling for a 24- hour general strike Thursday in protest against detention of 600
Cypriots as terrorist suspects. The ‘
leaflets were circulated by the PEKA underground group, the
policy-making committee. of the -
EOKA terrorist organization.
Hitler's invasion of Russia.
In the same way, West German authorities will consider the ap- plications of Soviet nationals now in Germany who wish to be re- patriated.
The Soviet statement said re- patriation would not be con- sidered, however, for persons serving sentences for crimes or being investigated for suspected crimes. _ '
In Bonn, a West German gov- ernment spokesman said the
trade pact is in complete accord _.
with the V\'estern eirriibango on the
export of strategic goods behind *
the Iron Curtan.
that kind of success.
“To have helped build some- thing . . . to see it grow . . it is like having a child. In a way it is even closer to you than a child.’ .
For one thing, it doesn't go
away and leave you.
$50,000).
Capital Expenditures, etc. and advances for industrial promo- tion purposes recommended for the next fiscal year, are as fol- lows:
Highway Construction $1,600,000.
Culvert-s 40,000. Bridges 300,000. Federal-Provincial Highway Pro-
jects 2,250,000. New Machinery 100,000. Beach Grove Infirmary 80,000. Provincial Infirmary 4.000.
Riverside and Hillsboro General
Hospitals 40.000. Falconwood Farm 8,000. PI‘-ovincial Sanatorium 28,000.
Old Post Office Building Reno- vation 20.000-
Government Garage - Charlotte- town 29,000. Government Garage - Summer- side 30.000. Scale House -- Wood Islands 10,000. Health Centre 20,000. Vocational School 120,000- Sundry Buildings 6.000-
Prince Edward Island ‘Frosted Foods Limited 200,000. Assistance to Rural and Senior High Schools " 125.000- Assistance to Regional High Schools 50.000- Charlottetown Driving Park and Provincial Exhibition A.s=socia-
tion 10,000. Farm Improvement 20,000-. Fisheries Development General Hospitals Construction
290.000. Subsidy- Gulf and Northern Ship- ping Co. Ltd. 20.000- Rural Electrification 250,000.
For a total Capital and Extraor- dinary Expenditure; and Promo- tion and Development Loans of $5,653,000.
“offsetting this capital expendi-
UNGRADED EGGS
Our paying price to pro- d u c e 1' s for ungraded eggs delivered Charlotte- town today is—-
l
Grade A Large ..... 350 Grade A Medium .. . . . 32c Grade A Small 0. . . . . . 24c
Grade B 240 Grade C 16c Cracks or’-r’ ~brII-- 16C
‘For quick payment and prompt return of empty cases, ship your eggs to
CANADA PACKERS LIMITED
Charlottetown
Russia And yWest Germany Sign New Trade Agreement
By VINCENT BUIST MOSCOW (Reuters) — Russia
and West G e r In a n y Tuesday
signed trade and consular agree-
ments promising to double trade between the two countries within three years.
A brief signing ceremony in the Kremlin climaxed 10 months
of hard bargaining, particulanly
ove-rthe still-un-settled question of
repaitriation of German nationals in Russia.
The tnade agreement foresees
an increase in mutual trade to 3,150,000,000 marks ($787,000,000)
annually by the end of .1960.,T-his is double the 1957 level. Wat Germany will sell mainly ma- chineny, steel and chemical prod- ucts in return for oil, manganese,
_¥__
ture will be capital receipts, re- ferred to above, leaving a net capital coming. fiscal year of $3,749,000, of which all but $156.000. will be paid for out of revenue ongOrd-in-ary Account."
disbursement for the
surplus
1
FOR THE SMARTEST IN 0 COATS O SKIRTS O SUITS O DRESSES
HELEN’S Dress Shop
54 GRAFTON ST. DIAL 9388
chrome, wheat, tobacco and other raw. materials. 0 N0 REPATRIATION PACT
No firm agreement was reached on repatriation. Instead,
SIGN PAINTING
Plastic Signs Trucks Lettered — Lettering
BENOIT SIGNS
55 Prince St. Dial 3817 Reasonable Prices
each side made separate “ex- planations" and offered to study individual applications. Chancel- lor Konrad Adenauer’s govern-
ment maintains about 18,000 Ger- man nationals want to leavi the Soviet Union.
The Soviet statement said Rus- sia will “examine and positively decide individual applications for; reipatriaition from German cit-1 izens who possessed citizenshipi_ on June 21, 194l”—the date" of I
I FOR RENT 1 Floor Sanders and Edgers also Floor Sealers and Varnishes for sale CHAN DLER, BROS. l Plywood Place Dial 6557
GENEROUS ALLOWANCE
I
WITH 16" BAR 3. CHAIN
AND CHAIN
NOW ONLY
and everywhere!
smooth, easy cutting!
engine from grit, dust!
£3.
‘PIONEER V
$199-5°
‘H.C. AVAILABLE WITH 20". BAR
PIOIIEER HG
The low-cost saw with high-cost features — for farm, camp, home
0 special dlnphrugm carburopor gives full power in every position!
0 Ilg. pow.» packed engine runs cool, ' gives top-torque performance!
0 Perfect. all-pooltlon balance for
0 Mum-mosh nlr cleaner protects
MAJORPRICE REDUCTIONS on PIONEER CHAIN SAWS!
s
5 HP. 3 H_ _ DIRECT pm CT DRIVE
DRIVE
wm-I 15" BAR! 3. CHAIN
ONLY $205
power - cu
servicing! 0 Exclusive greater rigi
——.— —— _.-— __ __._ __ __ __._.—.—_ __ __ _- —— --—.—n
TEST THESE Two against all other chain saws and _vou’ll_see that dollar for dollar ‘and feature for feature, Pioneer gives you a. saw for every job — at: today's lowest possible prices.
DISTRIBUTED AND SERVICED IN P.E.I. BY
DOUGLAS B-ROS. & JONES LTD. v
155 Kent St.
OTHER DEALERS A
R.A. AVAILABLE WITH 20” BAR AND CHAIN
NOWONLIY PIONEER RA
Top-quality professional model - built to outcut and outlast all other chain saws!
0 Radically new engine or more usable
lightweights! 0 world‘: first snap-on hood give: instant parts access for faster, simpler
o "Finger-up" controls located for con- venience, snag-proof for safety!
.50
$226
ONLY $232
ts 20% faster than other
unit construction means dity, longer life!
. Dial 6565
RE—
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