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28. neat on shvenalt ond parts, | creased fm future unless @ com-| tion of Canada-0.8. trade, ardian Valua ble rad B fit a w 12% gy 2 , will ao to | ee ee is granted. viding Canadian tariff on Toronto Rents = ans : Charlottetown, Tues., Apr. 10, 1962. 11 4 : per cent an ee year to 10 applies to a num- |imports from the onto P last year were are London, Ont., $74, e ene i S per cent. | ber of raw materials including ee ae oo ee es Said Highest $104.03, compared -— #10350 | tres are London, Ont., $76.90, The concessions granted by | synthetic rubber, copper, pulp- ing the three years 1958-60, and | in October, 1960, and $100.95 in| Halifax $74.32, Regina $73.90, ’ the European Common ieee | wood and raw hides U.S. tariff concessions on Cana-| OTTAWA (CP) — Average) October, 1959. Calgary $73.07, Vancouver oO though affecting a larger volume | Direct GATT negotiations be- dian exports averaging $65,000,.| monthly rents im Toronto for! Ottawa was in second place | $71.17, Edmonton $69.67, Mont a na A eneva of Canadian exports, don’t pro- tween Canada and the Common 99 jn the same period. both apartments and houses’ with an average monthly rental | Teal $67.47, Winnipeg $66.17, vide as many actual tariff re- | Sees Sen Se 9. a = TT ——————--"| were the highest in Canada in| of $92.16 in April, 1961. This | Saskatoon $63.37, Windsor, Ont., | ductions. ar as Canada is | f HARDY PLANT April, 1961, according to the an-| compared with $91.68 in Octo-| $56.78, Quebec City $50.15, Saint ' » ee val | Saente shipped. re most cases to a 20-per-cent | concerned, most of them are | | summer. nual report of Central Mortgage | ber, 1960, and $88.66 in October, John, N.B., $47.78. ‘ oTT Pei gg. aie | wae to the U.S aa! with half the reduction com- agreements to “bind” the Com-| The only direct agreement by| The seawood _ syrophilla,| and Housing Corporation on Ca- 1959. COLL vable windfa aves | ae eran APPAR | ing this year, probably in late ™on Market tariff on various Canada made public so far is which grows on ice, is the only nadian housing statistics. Hamilton was in third plac h EGE GRADS have fallen in , e = ol Ri e US, tariff reductions will | summer, and the balance 12 | s00ds at rates already proposed. | the one with the U.S. Announced plant flourishing in the earti’s! ‘The 4961 report states that in April one be rm uneer f Three out of five U.S. college « dian exporters from engthy a two-stage affair amounting | months later, For example, the | These bound rates can’t be in-' March 7, it affects only a frac- northern polar region. average monthly rents oe Tor- | of po 97 metens eo eee ae mn 2 amare their

ternational tariff bargaining | sessions in Geneva

Indications are that Canada will gain considerably more | from bilateral tariff deals made between other countries than from the direct agreements it | signs on its own. The value of these “‘second- | ary” benefits to Canada from trade pacts made by others is ject yet fully known or assessed.

\ But, so far, trade experts here reckon they will provide tariff | Breductions by the United States | on some $85,000,000 worth of | Canadian exports to the U.S. | And in the European Common Market there will be tariff con- eessions—though not necessarily reductions—on some 000,000 in Canadian sales to the six- nation market,

These figures are based on 1960 export sales of goods af- fected, and the amounts prob- ably are higher now.

EXTENT KNOWN

The extent of some of these secondary benefits has become known through the early an- ‘

nouncement by the U.S. of the i ne ? PT

bilateral deals it made with ' ae bie oe re — necapeieht other countries in the drawn-out ‘ ‘ : : ‘

Geneva negotiations under the General Agreement on Tariffs and Trade.

The GATT aieeniess, » gun in Septem

nearing oeaticn ‘and the full results are expected to be made known in mid-summer.

Under GATT procedure, — negotiations are carried chiefly on a bilateral basis = tween the principal — ot the goods involved. But

ey strike a bargain, the tariff con- cessions they grant each other must be made available to all GATT countries.

ANNIVERSARY OF SERVICE

The secondary benefits to Can- ada resulting from U.S. agree- ments involve mostly machinery and manufactured goods. Of the $35,000,000 in Canadian exports to the U.S. which are affected, some $71,000,000 are metal man- ufactured goods. Aircraft and parts bulk large in the total—

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Twenty-five years ago today, geography and an act of Parliament put the Canadian people in the airline business. TCA was established on April 10, 1937, with $5 million of public funds, to meet the nation’s urgent need for air transportation.

Have the people profited by owning an airline? Have Canada’s air transport requirements been DA well provided for? What have i et 25 years of TCA operations

meant to the Canadian taxpayer and the country as a whole?

These and other questions about your airline deserve answers in this Silver Anniversary year. This is the first

_ in a series of messages presenting facts on which answers | may be based.

THE PEOPLE’S INVESTMENT. The Canadian people

have invested in TCA in two ways.

The government has loaned the company (through Canadian National Railways) $228 million at current rates of interest. $36 million has been returned to the public purse in interest on these loans.

| The government has also paid about $25 million for

setting up the company and for losses sustained in 10 of the 25 years since 1937. (In the other 15 years, TCA made profits.)

Thus, it might be said that the people have a total invest- ment of $253 million in the airline.

WHAT THIS REPRESENTS. As a result of its investment, the Canadian public owns TCA plant and equipment costing $316 million. This is made up of one of the finest aircraft fleets in service anywhere (11 DC-8’s,

20 Vanguards, 49 Viscounts), five maintenance bases, and a vast array of ground facilities, equipment and spares.

TRANS-CANADA AIR LINES

It also owns an asset beyond price in the experience and know-how— accumulated over 25 years—of 11,500 highly skilled employees.

This combination of material and human assets adds up to one of the largest, most modern and most respected air transport systems in the world.

But its over-all value to Canada does not stop there.

HELPING CANADA’S ECONOMY. In 1961, TCA paid out over $64% million in wages to piaghpe: in Canada (94% of its total payroll). It paid. at Canadian suppliers some $5434' million for goods and services required to operate the airline.

A stable employer and a good customer, TCA helps support hundreds of industries and businesses in scores of communities from B.C. to Newfoundland,

TCA PAYS ITS WAY. As a publicly-owned company, TCA is dedicated to providing Canadians with the best possible air trans-

portation at the lowest feasible Py cost. But TCA must—and does— ' pay its way like any other corporation.

“Em” Te is subject to federal and provincial corporation taxes, and pays millions of dollars each year in other charges levied by government agencies: airport landing fees, building rentals, and air route fees, for exe ample. In 1961 alone, this figure was $4.8 million.

It is a matter of pride that TCA’s record of financial contribution and increasing value to Canadians has been achieved under normal conditions of business operation.

How TCA has measured up to the other responsibilities

laid upon it by the people of Canada in 1937 - will be explored later in this series. 7)

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