.,.NO. PAY FOR STRIKE
, days not worked.
AERIAL VIEW OF OAK ISLAND
This ts an aerial view of ~
Oak Island, just off the south coast of Nova Scotia, where four men lost their lives in a treasure-hunt shaft Tuesday.
Theisland_has Inng been the centre of diggings for buried pirate treasure The most re- cent effort was by Robert Restall and his family of
victims of the
dent were Restall and-his son Robert. Restall believed there was up to $30,000,000 buried on the island. (CP Wirephoto)
Hamilton, Ont —Tho of th
Canada in conference with offi-|8 The Guardian, Charlottetown, Wed., Aug. 18, 1965,| more
cials of partment
The delegation arrived from Moscow in two sections after three of its members boarded ithe wrong plane in Paris Mot.- day and ended up in New York.
The Russians, accompanied by Northern Affairs Minister
the public works de-
Laing :and Officials of his de- |
partment left later “for Mont- real on the first leg of an in- |spection tour stretching 'Schefferville in northern Quebec | to Tuktoyaktuk, an Estimo set- \tlement on the Beaufort Sea in the Northwest Territories.
At the headquarters of the Public Works department the Soviets were shown slides of far- north construction sights and were given a briefing on what they'tt see between now. and Sept. 2 by Deputy Minister Lu- cien Lalonde and James A. Langford, chief architect. Before broarding a private railway car for Montreal they | met officers of the Canadian |
from |
Vast Changes
Are Foreseen
From Computer At Exchange
By JOHN BELANGER
TORONTO (CP) Now - har- ried traders at the Toronto Stock Exchange soo may be strolling around during busi- ness hours purring. the'r orders into neck microphones in an atmosphere of soft |isnts and sweet music
If technical advances con- tinue, the noisy, bus!!ing floor
of Canada’s largest stock mar-
Construction Association here. The Russians showed partic- ular. interest in Canadian build-
ings being constructed without glass. They were concerned with
|the psychological ‘effect upon workers confined for eit hours a day behind blank walls
ket could turn into a sort of gentlemen's club where traders address each other as “‘sir.”
If jt comes to this, credit the exchange’s $550,000 computer: Installed in late 1963, it was made partly operational May 1 the following year and now is about to speed transactions and provide better service and re- search data for brokers and thei. rcustomers.
By the end of this year, P. N. O'Hara, director of and communications at the ex- change, expects to provide brokers with more detailed and
sophisticated research material and to give newspapers and in- ‘dividual
computer.
date on a day's will produce
transactions
Sometime this month — and possibly this week the ex- change hopes to begin provid- ing the opening, high, low and last prices and total volume of any listed issue at any time during the day via telex to stockbrokerg across Canada. A broker will simply dial a code number on his telex machine
and instantly receive the de- sired quotes. This is an extension of the
present dial sytem, which sup- plies only an issue’s bid and aked prices.
One benefit of having more detailed. research material is that brokers should be able to give customers better advice
about“ investing, Mr. O'Hara says.
The computer’ now processes | daily sales, provides bid and
asked -quotations in tables for| newspapers and calcu-|
some
late ‘hourly volumes. By the
customers faster andjend of 1965 Mr. O’Hara hopes it
Yists of the day's total transactions and the 15 most active issues shortly after the market closes
The computer eventually will calculate the exchange's 19 in- dexes, indicatorg of the mar- ket's direction,
Mr. O'Hara says the day will come when the computer will have a hand in all details of transactions from sale to tabu- lation.
A floor trader now executes
the computer on the floor ham
dling specially-treated slips of peper given it by traders. Thais would speed: tabulation and re duce the possibility of human error by -eliminating another manual step.
FARM =Q Lub. Oils ‘
(17
an order, then hands a slip of . SHELL ) Diesels paper to a clerk who processes M\\ 1 //Z
the information through the . Greases computer after arranging the ‘
figures so the machine will ac- Oils
cept them.
. Your Shell Agent fer
Mr. O'Hara would like to see
OU a
& REPAIRS Storey Electric Ltd.
136 Prince St., Chitown
Charlottetown, Parkdale, Sherwood and Eastern e & &
J. W. Skinner Dial 4-4044
2UnfinishedltemsRemain In Wake Of Postal Strike
By PAUL DUNN _OTTAWA . (CP)—The _ postal striké has been over for more than a week and the mails are running normally. But two items of unfinished business remain:
—The 19.500 members of the Postal -Workers Brotherhood have until midnight Friday, Aug. 20, to answer ballots, ask- ing them whether they are sat- isfied with the final pay. in-
creases granted by the gov-|
ernment and, if not, whether they favor strike action. =The post office department | said it will start in mid-Sep- tember. to deduct pay from those who went on strike Neither—item-is—expected—to trigger a resumption of the strike, although paying the — pir per, particularly in the case of more than 4,000 Montreal postal wutkers who walked out from July 22 to Aug. 7, could touch off some reconsideration of their position.
The._department announced _
Friday the lifting of the last’)
mail embargo on _ third-class householder mail in the Mont- real area. All first-class mail re- turned to normal Aug. 12. Moun- tains of mail in centres hit by walkouts now. have been whit- thed- down. to manageable - size. Both the government and the | striking workers indicated dur- ing the dispute that. pay would not be given, or expected for
A department spokesman. said fm an interview Monday the pay deductions—affecting some 12,- 000 postal employees in Quebec, Ontario and British Columbia — will be made this way:
—Deductions will start in mid- September --civil-service - pay cheques (civil servants are paid twice monthly).
=They will continue for three months, if required, with a max- ‘imum $50 being deducted :n any one month. An employee whose deduction totals $70 would lose $50 in September: and -$20 in Oc- tober. Whether the entire monthly: deduction ‘will come ff one cheque or be ~spread over [two has not been decided.
Except for Montreal, strikers at. other centres stopped work | for about seven days or less.
Postal workers in letter-car- | rier and mail-sorting positions | average some $100 a week" Their ‘final-inereases, after the strike, averaged $510 to $550. Initially only $300 to $360 was granted. {RECOMMENDED RATES
Judge J. C. Anderson, brought in-by the government to review |postal~and other salaries in the same pay group, recommended the final rates. He also. under- took to recommend the present boot allowance of $38 a year
granted, uniformed postmen be made_part. of salary.
Since the boot sum would then |become taxable, a boost to $60 was considered but implemerta- tion must await his final report and the government's reaction to it
Sources in-the Postal Workers Brotherhood indicates it expects members....to. accept... the. final
‘not , “the - flat $660 ~ annti creases sought.
Almost lost sight of during the strike was the pay demand from other employees in the civi! service Group D pay cycle This ‘includes some 35000 employees in customs, excise, immigration, stores and maintenance classes.
In separate statements Mon- day the 80,000-member _ civil service federation. and 33,000- member Civil Service Associa- |tion reported it has submitted
,detailed ‘proposals to Judge An- derson ‘for additional salary in- creases to other Group D classes.
PROMISE BY PM
In engaging Judge Anderson, Prime Minister Pearson prom- ised that pay rates of all in the | group would be re-examined The judge's report, according to jthe associations, is expected jlater this week:
The 6,600 - member Customs | and Excise Officers Association, unhappy with: increases granted their categories, is conducting an independent referendum.
This ballot asks members to indicate whether they are satia- fied with the association's” cur rent no-strike policy’ or want it changed to allow strikes. Dead- line for return of ballots_is mid- jnight Wednesday, Aug. 18.
The customs group and some other civil service organizations feel they must ask their mem- bers about their strike position. -The—governmen to introduce early legislation on collective bargaining for civil servants and a strike prohihi- tion may be included.
Soviet Experts
increases, even if the eee ‘Construction _
Touring North
OTTAWA (CP) — Six Soviet experts in construction were given a preview Tuesday of some of the projects they will gee during an i8day tour of Canada’s north.
The Russians, led by Andrel \I. Slivinsky, deputy chairman of Gostroy — the state committee 1on construction in the U.S.S.R. |—began their first full day in
ere
- + §$CENE OF TREASURE HUNTS
Island, one mile off Scotia’s south coast, is
pirate treasure. This photo shows one of about 200 shafts which honeycomb the island, Where four men lost their
lives Tuesday, Legend has it
that Captain Kidd buried his ©
treasure on the island. (CP Wirephoto)
|
A GENERAL MOTORS VALUE
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This
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your Pontiac dealer clean late-models he
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See your local Pontiac dealer.
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~*~
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