Nlines Can Sell Cold -But Noilhvailalole Al Banks
ll..R0'.D MORRISON --.;..l"u P:-3s Staff Wlter 03. "IA IC -t-Canadian mines nmr can sail gold to the public for mi.li'(llllE or exporting without gov- el'llillCiIl. restrictions, but the pub- in cannot get gold for dollars at .1” Bank of Canada. 'omi-iais said Wednesday lilting ,( government controls over gold g,xp(li'l.S does not mean Canada in- land; to return to the gold stand- mi uliich she and other countries rat-alcd in 1931.
xiir is there any intention to re- iume mlntlng of gold coins. The giucrnmcnt as I itr to do such minting but hasn't pi-"(tut-(id any gold coins for some 40 )'(lElllS.
iioiii-rcr, the mines are free to prndut-c or sell. for safe-keeping or pypolil. gold in any shape or form,
HF (.
.-
ll
be iiscd in Canada-as legal tender.
nniinccd by Finance Minister Har- ris in his budget Tuesday night. lpaies the way for development of ii lli('C market for gold in Canada. similar to such markets in London, Paris. Brussels, Tangiers. Hong Kiuu. Bombay and other places. ill-?Fl'GEE CAPITAL
For the first time in a quarter- reniury, Canada may be able to compete with these markets for the gold hoardt.-r's money. The move may also tend to divert to Canada some of the refugee capl- tsl flowing into these overseas centres.
Canada is the world's second largest gold producer and the fact that the official price for gold has
tatutory author-
in small or large pieces as long .. they do not represent them as icomes more serious. the demand official coinage. And they canuotlfor gold may a sin increase pos-
Liiting of export curbs, an-.
been fixed at 835 an ounce iU.S. that it could not enforce a policy
tuntlsl for 2-i years while produc- t'I.n costs have mounted. has in- creased the iinancial plight of Ca- natilan gold-mining towns.
All out two of the established mines are subsidized. in l955. over - all government subsidies amounted to about Sll.000.000. Mines which sell on the tree mar- ket lose subsidy rights.
Since the free market price cur- rently id just a few cents, a ounce more than the official price. ,l'cw mines are likely to switch to free marketing.
INFLATION MAKES DEMAND
However. the free price of gold lose in previous post-war years as investors in inflation-ridden over- seas countries ploughed their sav- ings' into the yellow metal. infla- ltion has again gripped many over- seas countries. If this inflation be-
isibly bringing gher prices.
Mine operators and others also lhave long maintained that under-priced at the official figure tot :35 an ounce. The United States, lmaivi l"!Vcl'. has rejected demands for an increase. But with the Cana- dian border open for free move- ment of gold. speculators may :want to buy and retain more gold in Canada just in case the price is changed. i For many years the multl-coun- ltry International Monetary Fund. of which Canada and the Us are members. has frowned on the free gold markets. fearing privatl .hosrdings of gold would tend to weaken stability 0! national cur- rencies.
However. in 1951 it concluded
in. It, A. Miicnnc (Liberal). rift!-i Queens gave official notice on the order paper of the Letti- lotura yesterday that he will in- troduces resolution regarding the appointment of a director of In- diisirial Promotion for the Prov- ince.
Tire following is the tent of the resolution:
WHEREAS decentralization of industry, presently taking place in Canada and other countries. has resulted in such industries locating in favourable places. and
WHEREAS it has been ponted out that Prince Edward Island's liar-ilities are propitious to this gen- eral scheme because of adequate available labor supply. improved transportation facilities. sufficient
able to our economy. and proxi- mity to raw materials, i.e., as pro- duced on farms or (mm the sea. and
WHEREAS since it has been conclusively proven that process- ing. that is. canning and packag- ing of raw materials. creates a de- mand Tor increased production. that this Province. in so doing, could enioy an increased Provin- cial product, and
WHEREAS in order to coordi- nlte the efforts of farmer. fisher- man. and manufacturer. it would he u,edient to vest authority in
Industrial Resolution Will Come Before Legislature
electric power for industries suit-l
'certain qualified person or per- sons.
THEREFORE BE IT RESOi..VE' E!) that this Government do sp- point a director or directors of in- ptlustrial Promotion for the Province of Pince Edward Island to -
l 1. Make direct contacts with in- dividuais and organizations regard- ing establlshment of new or branch plants in this Province. and malts ' ism study of development possib- I
es.
2. Compile for publication it com- plete list of Provincial products and ito have same tested by scientific l aboraiories.
3 3. Rhecordf pertinent statistical data t ereo .
4. Asceriaiii and make available i lcomplele information regarding fa- cilities available for industry. this lto include such data as supply of raw materials. labor. sites. pow- er, water, transportation facilities. likewise rates of taxation. etc.
5. Maintain contact with the Na- tional lgesenchl Council and other rcsesrc organ zations.
6. Through soil analysis data. make a study of varied agricultur- lal products that could be grown on lcertain of our various types of soil. HZ. lgiailntaiin lcosnttact with the Ma-
.r e oogca aton. l 8. Make a study of modern trends in packaging. advertising. distribu- ltion andt sales rlzromotion. and ex- ipreimen al mar eting.
l
icontinued front page 1)
MEMBERS FIND
discard it," he added. BETTER ll YEARS AGO . G. E. Saville (Liberal), Fifth
members who delivered them. Ha felt however that some sort of re-1 cord should be kept of speechesl so that in future years. those whnl read them would be able to have some concept of the thinking at that time.
gold is l
... r.-strictlng private lioardings and since then Canada has moved steadily 'tuwards dlsmsatlin of restrictions on gold ownership and shipments.
TYNE VALLEY -1- in -- returned to Tyne Valley where he lwas placed in the Stewart Mem. (James Milligan, 13-year-old son 0
I urial for several days. Mr. and M . J E. Mlll- - rs stnes g "F The regular weekly card Duty
WIS held in the Hall on Wednes-
iurlcs on Saturday evening. while My evening March 7m P , I ' the lll'Eheal' score were ritllilis ll;
il'J":i.ll'i?..:;'3.?.i.i"':l.?.”l.".i':l .. . .
:25. '25": g.,:;";.,;"',g;;,"l;';,:;',; il.:”..Eii'"6:.:i:i:i.:.”..i:: lliii
?i'...'.?::ll":.i.Bi'. our.-u. :2: ”:.?”:::..i”'.:""
taken to Summerstdo by ambul- misfortune reccntllyisdfyhahfillg till: log broken while working in the
ance for X-rays. No bones were he suffered severelwoods. He was taken to Summer-
ltan. Northam. escaped
broken but
1
side tor it-rays. fir present he is a patient in the Stewart Memor- ial. Tyne Valley.
Mrs. George Li sett. Montreal. arrived home on aturday. March 3rd.. to be with her mother. Mn. Robert Ramsay while Mr. Ramsay is a patient in the hospital.
Mr. Alden Yeo has completed his course in eg grading at Char-. lottetown and w i be employed by Mr. Carmen MacNeill.
Mr. and Mrs. Wilfred MllCDuug. all. Mrs. Clark MacQusrrie and
wants
Herels fun for everyone! A contest in which you can win a genuine Forestville Mauthe 8-day mantel clock. Yes, here's your chance to win not just a 1-day, or a 2-day clock but a real, honest-to-goodness 8-day Westminster Chime Mantel clock valued at d75.00. All you do is-
." ' cream of the West Flour
6 9 y” i in
your answer!
estimate how long this 8-day clock will run'
after it is fully wound. If you are right (you
&
.I
might be) or come closer than anyone else, YOU WIN THE CLOCK. Imagine winning THE
clock, the most
famous clock in the district!
Why, you'll have the "time" of your life in this contest thatis fun for everyone!
But here's the big news. This contest is open to residents of this district only, so you actually have a real good chance of winning. Even if you don't win the clock-you may not "have
time" to be disappointed, because there are no
gMr. Waldo Mscvougan were up iltors to Coleman on Sunday.
The Women's institute met at Mrs. Thos. Nlsbet on the first. of the home of Mrs. Horace Lldswne April-
on Tuesday evening March 6th., with a in a attendance. After the usual bus nets was transacted a number of g were gniqyad. Collection amounted to over six dollars which was donated March 0! Dlmet Five dollars was sent to the Music Festival and a card part; was planned to be held for the ire Department. Next
meeting to be held at the home of the weekend visiting with Mr. and
town. spe
lo '59 Hunter River. spent the weekend
'1'hurs.. March 22, 1956 The Guardian. Page to
Mrs. Carmen MacNeil.
Mr. Webster Marchbanls return- ed to his home after having spent the winter in Ontario.
The United Ladies Aid met at!
the home of Mrs. Hart Lidstona on Thursday evening. March 8th.
Mr. and Mrs. James Maclean
said Mrs. Togy Williams. I .
Mr. and Mrs. Foster Sharp spent home of 1&1-,w:;.e1 vM,lf:r'C::m?:
Machieil on Sunday March 4th. BH
Miss Lucy Nesbit, Charlottet- nt the weekend at her home in Tyne Valley.
Mr. and Mrs. Ivan Macltay, with Mr. and
Mrs. Thos. Nlsbet, Tyne Valley.
lfiiigs said the records of thel Dr. L G. Dewar (P.C), second House were kept better 80 year! Prince said it was important that IE0 ill!" "N-'3' ll"? 599" W! isome sort iif record should be kept the last tell Or 15 YHFL "9 T0C3"'-for the future. He referred to s ad that in visiting the legislative idocumem he had read reccnny Library everythllli WI! "'9" in llrecording the events of fifty years
less than 12 big consolation prizes. Mighty consoling they are too, because each is a com- plete set of four handsome red and white
FIRST PRIZE
manner which was easy to under- stand.
M. Morley Bell said that records of the House were invaluable for future reference. Taking for ex- ample ihe causeway discussions. c said it would be interesting read- in; to learn fifty years from now lllfl took part in these discussions.
Frank MacNutt did not agree with the principle of recording questions and answers. He said that without knowing all the relat- ed facts. these could become very misleading.
Hon. B. Earle MacDonald said he could see no useful purpose be- ing served in recording all the speeches of the House. He point- ed out that the Government was now itnder considerable expense and the cost of printing and bind- lllit those speeches would not be luslified.
Hon. Keir Clark also said he did not think speeches should be re- corded in special volume. Ha said he didn't even think it was worth llIP'C(l5l to record the speeches as it was now being d one. Mr. Clark thought the newspapers were Wlllfl fairly good coverage of the House proceedings and since news miners are kept on file for years.
lllcre would be a record from this source.
may Misrtutlzs
which he had tried to edit. "I! would take me over a week to correct the mistakes in it. i was ml"! wrong: there were sent- "'"S but in which I never said and there were sentences left out which I know I said."
" hlfcflagom now In the Mad and "it Itenosr-ldtlzn. "it .3533
I"'”'" ll VOW modest when he . its It would take him a week forrect his speech. It would "N to correct the H Mile of mine." M S"- Elllene Cullen said he had ealre to record his
:”h'1l3'l!t)t--either in
lhlfol-In Wnled
Mr. Macltinnon said he would'
IIIIIIIC!
yago. - Hon. George MacKay said his, recorded speech was in such a condition that he would make no attempt to correct it. There were whole sentences left out and sent- ences put in.
Mr. R. R. Bell said he was quite prepared to go along with the re- port of the Committee. He said there was not much use in hav- ing speechcs recorded it there was .no record to he made of them later. The method at the present time was not good enough and it may be the fault of the members themselves.
Mr. William A. Acorn after list- ening over the head phones for some time said he was getting everything plainly. He thought per- haps the stenographers were not Igeiting the discussion as plainly. He suggested the trouble might be in the stenographer's dictsphones.
Premier Mathason said an edit- or was needed to put the speeches '-in correct form. He felt that many lot the defects which the system now has would be ironed out after .a year or two. He asked that the House gve it a try for a year anyway.
; The report was finally adopted iwithoui amendments.
End Boll'eiiecli it Truro Hub
i OTTAWA 'CPi-Th? CNR has
Gordon told the Commons railway committee Tuesday. Mr. Gordon gave the informa-
ltention to reports that coal and latent shipments from Cali? Breton were being delayed at Truro. The prrslrient said the railway layout at Truro is not ROM and "we have plans in hand and hope to improve it." He gave no de- I ll . .Assecond cause of difficulty WI winter, he said. is that the Mari- tlrnea had the worst railroading weather in the memory of old CNB employees. M ii ll.-Westmor Henry urvllligther there had
of CM! motive "jg 5 tag Int-ltiaiaa this ehc.
canisters, one each for tea, coffee, sugar and flour (Cream of the West, we trust). So you see, you have plenty of chances to win something."
contest staiisl today!
Official Cream of the West Flour ballot boxes in local stores are now open for entries. You don't even have to wait for the clock to be
Chimes. Valued
wound. Get in your first estimate or estimates
right now and leave yourself time to get in more entries while the clock is running. Ask your grocer for more details.
W. S. MINLIAN BROWN It MIEK
g. of this canto
new C""" '. "' You GT9 9"”""" Cream oi the
you TO I 9
El h lo hmadun Actual lsokln
eed better baking lro
relun West Flour 0' W" money
W; commut- ms All-0"”
P. J. It C. KINNEDY
R.C.Al.lI.D
Twelve other prizes: liisiro Kitchen Canister Sets.
CLOCK-WINDING CEREMONY .
a week next Tuesday at 6 pass.
all-PWPR” rel; NV. pi-ova
m i-i;gh-Prole'in ded plus 2”
F CO. EJDoI
COTTON 8: ROGERS OUOOAN It DUGGAN
is the clock itself!
Beautiful Foreslville Mauilii Mantel Clock, with Westminster
at S75.00
mm, the a that the
H , l or 0 I i'-loUr- uarantscl he lllnldI1:t:2::lld&&.ctlE'EllI':g:E'lP:-Hg. Eh. pl-liph-PIOIOIII CIOCIII OE lit, WC! bf W. gun mu!" you 'hh 9 4 entry forms with I OI or 1” pound be. his speech in the Draft Address i now Q . Wop. Fhur IS SO SUP.' ' 1 entry forms with 0 49 or IO pound big
hole to thi k th t at dchtld. " ""'" '0 remedy I bottleneck It fonna: and must be deposited in one of the ofhclal ballot on -l”-we5ll?sff'2;:l..:i”.:::.:.::.l..'.:':::i 'I'I-lE MAPLE LEA ..........c..............
P? wand m:de':l:lif'cl::u&o::'-i H. "zillion after CI;-it-mctllllis rewound and the time will then be calculated from ""1 ML ark: "1 think the llon.lC”' Brew" l " "W S the second winding. Deadline for entries: two weeks
. o umrsn 10 ms sass srsvsn air mass ksusmorou DISTRICT STORES - KINSINGTON CO-OP ASSN. LTD.
K. L. WAIT! ' MRKIIZII 8: CO.
RALH-I R. IIRNS
ED. MURPHY It SON GEORGE K. WIGMORI
lllS WORSHIP MAYOR W.A ll. IIARRAGII
Every time you buy new High-Protein Cream of the West Flour. your grocer will give you official entry forms as follows-
Write on each entry form your name and sddreu, and your estimate of how long the fully-wound B-day clock will run-days, hours. minutes. Closest wins the clock. In the case of tie. each wins a clock. You can enter as often as you like, but entries can be made only on ofhcial entry
minimum of four days. If through sortie mischanoe such as its not being placed on a level surface, the clock should stop before the contest deadline, it will be immediately
this Saturday at 6 p.m.
ciocit ill BE WOUND at
1 entry form with a 24 or 15 pound bag
Klll CLARK W. M. MICIWEN C. M. SIMPSON Ii SONS