A mini oi 17 girls irom the

' first earkdale Girl thlda com- pany received badges at the final meeilng of the season at Purkdale High Srhool laat

GORDON

r Cont'nue From P

xi

000 BEES axe GAIN

Alter last year's eiahiper- cent rise in mass national prod- uct. Mr. Gordon lci-ecnst i. run thor iii-opercent rain in to a total national output ot $42.42H750Ni’l, and predicted growth will continue into illsi.

But he warned azalnst rom- plaeency and declared-

“in the search lor new em- ployment and increased eco~ nornie strength. ise shall not be Ialisfied iiith haifrmeasures"

Tire hudaet's strongest medi- cine was prescribed tor fnreign‘ investment in Canadian indoor

He said toreicn raniial must

and will continue to he treated lover" tax.

iairlv. ll

ger oi “snarli‘ rlght' heavy PB hiilows or ioreicn capitol. in Canada "goes tar beyondl anything inund in other coune‘

! in 3 compare 2 sling: 3' industrial maturity‘

i

' between i

cowng partnershi

Canadians and toreign vc

inew tax measure in live yearn ‘mSlrl-ld or (I

.deprccinlion \\lll iii-pl

cut by slh'imomo to scar on. machinery and buihiincs which 000 irom 514.900. come into existence iiilhin two‘

years attcr

Mr. Gordon annouiued that the the; industrial incontivo plans intro— duced by the former Progres- sive twill be alioucd to expire,

ductions granted on pr su1|lng irom increu d sales by manuiacturiug and processing also industries. and the allowance 0!

Products pressed areas

not Canadians new in clan-impre} an > n. 0... mp. day "I stocks oi a Canadian

' as . result or who...“ corporation listed on a Cana-

. international hnlnnce-or-‘dlan slvtk exchange. The tax

ymeoLs delirits financed by also applies shuuld such a pony sell all or substantially all

Foreign ownership and contrabgf it! properly tn I lorean trial

are lwnl apply to all Canadian Crim- vn-zs WITHHOLDING ux insures—including private com. Mr. Gordon's chier instrumentlranles—and expressed the hope m-pmmmny “1.3. h, Mu”. etllihat this naming won't ri-sult

slon i names to lorc:gn interests in an

PARKDALE Guilfifitli—CEIVE BADGES

evening. Seen harr- are tour or the badge winners, left to

Phcrson. second class and {Ital aid badges: an

i

Ipry income tax on bcoeiitr in ‘t

he form of employer payment nto any kind of I lroup lilo

ry Lou .insuruncc plan other thin group

right: )lnrgo hirrton. second Brown. iirst class badge. The lit-rm lite insurance. class badge. Kailli'yil .lolm- l badges were presented by the‘ On top 0! his 585.000.0W ston. ientirriooi. Ronnie hiac- ‘ company captain.Mi-a. Donald .hudgeiury deiicit. Mr. Gordon

The next plan lor no l1

iclcrntcd only

Ihe measures so into eileri With these rlcii

illL’ClllH‘Ql. b

Conserrnilre government which simulate candy bars, Indi used to repair nl'l quip pleasure boats. it wiu‘ apply to certain goadsl

ey are last year's tax re- llS re- e

accelerated depreciation for

‘new manutnciurinc machinery and (or industries making new

locating in

or o. The new -pcr»Ccrit "lake- ” etlcctiie at once. rill apply to a person soiling

$50.00“ in a single

rl

‘e .l com-

Gordon said measurcs‘ under consideration that

a n

n a (land of sales of these corn-

lg the lip-pentgnt withhnkung‘attempt to ioresiau iurtiier gov-

tax levied on div

elc‘

Eliective at once. this rat em to 10 per cent on dlv' trons comoanies at least -n~r-‘ dent owned in Canada imd with rproportionate numhrr in Ca-. ’ ur on their hoards oi do. mlors.

For companies that don'ti meet this criterinnithr ponaltyl ours in . lsfiS—a 2fl~per-centl withholding tax. in the interim.i

won’t pany any load to step up d rirrld pay- ments abroad A special tax or live per cent will be levied on any increases ‘

«However. it a company r-nects

e 25-perv eutecusoion goal by Jan. 1. l. 7. any tax penalty‘ will be rehindcd. without inter—

rviihholding ‘ extended admin

art,

The inner-cent [all will also be war management or mratioh shots or Canada. cilectlve at one.

Mr. Gordon's rtroiia fiver extended to boosting indus Mal growth in Canada but

a here there Is a discrimina.

is against loreipn companies not meeting the 25vper-celii. Ca— Bidian requirement,

new machinery purchaser can In depreciated .. charged on against taxable income—at a. Innocent rule instead or the

out 20 per cent. thus allow- : hit-free writeolt or the can in two years instead at live

"But this won't apply to ior eign iii—ms that don't mm the Canadian ownership 7“ in l-

meas

ll'l

fled later~lhere wui he a three- year holiday irom income tior tor all new munuiacturing and processing industries. and there- .tier the name accelerated de preclaiiori on '

pilll accelerated depreciation an new buildings. These building. can be written oil under the

WESTERN BRIEFS

JOINS [RIP a rice Perry of Charlotte- town and Albemn South. ieit by plane yeatudl'y for the Mazda- IEII lrlanda to join the CID-dill! m Guard Shiv Walk an uln- ” seamen duty.

prom Canada to iorelgn loves—i1“:

loll

p, hir

idend Payments l 5mm“! “WW3

MOVES noun TAX The budget made one move that will encourage a lorrinn‘

ends‘camlal infla\\‘~bui not into MW. doles oi changes announced in

ownership oi Canadian industry. . It uliI remove the withholding tax on new bonds and deben‘ tures. issued irom today on, which are purchased and hold‘ by loreign investors such as. penslons trusts that aren't taxed in their home countries.

The budget‘s novel move to encourage “inter employment 01' older workers comes on lob at recently-announced measures aimed at the same goal, includ- l the 5500 payment to lirsl buyers oi winter-bout houses.

Employers Wlil receive a an;- cial bonus amounting to halt oi the wage. up to u maXImurn $75 bonus. it they hire a person over ts who has been jobless six oi the previous nine months The bonus. to continue

the, paid to "MM-95;. up to 12 months. _is limited to} nadlan companies.

pcrsons hired during ocxt u- vember, December and Janu- ary and is condiiion employer providing

cant amount 0i approved lra - in '

it:

it won't apply In provincial or; municipal hiringa. . Nor will it apply to personal drawing pensions or unemploy merit insurance.

A the cut in the NRA imortage lending rate. Mr. Gor- 1don said there will be amend- merits to the Housing Act to lr-educ down payments. The mortgage limit at 05 per cenii would apply to the lust 312.000‘

uni

Arthur Henry a veteran member oi the Charlottetown Ire iiopartnrent war given morn-o'- Alnel’ll yam-day anemone. I'M late Mr. Henry

or a home’s value lnlte

measures. new llvper-eel'it sales

significant merits monthly mortgage payments.

tax cover biscuits and cookie: materials made from used materials. } GAS DISCOUNT OFF bans! gasoli m

s 2a-per-cent discount 1d

. ‘sia line. This was originally de- . . .. mm '0 mm the problem or 1it'ilonai clinics and skeletons, shoirsaic dealers. now virtually

lowly lump-sum payments under new

,; V

FiltéMA

Milton

resent 512.000. and he

He said the result of these; combined with tax out a

uiidlng materials. will be (all down pay- iind a slight rise in

Other extensions of the Sal l

Another measure which may ue_ prlces is the re-

pplied In the sales tax an 8530‘

onQXlsk-m . An export duty on exports or‘ lectric power will be removed. uly l. and pipeline companies user on. April in. 1952. . in income tax will} earned

In interest nnunity contracts This will ot otter-t normal payments or ’r‘ {‘h'lili 5

Employees also w

[11 hey. ID‘

ornit'A thi A Eilective ‘ Thursday night‘s budget; ‘ June 14; National Housing Act interest rate reduced to on per cent irom tile. : .iune 14: Buildan material: i subject to 11 per cent sales lax.

June 14: Machinery used in manulaciuring or production other than agriculture or rich- ing subiect to sales tax.

' ananuaelured products to be subject to sales

.lune it: Sales tax to apply to materials used in repair at lame pleasure cratt.

June ii: Takeover tax oi :to per cent on certain large sales to non-residents or the stock or assets oi lisicd Ca-

June it: No capital cost al- lowance on automobile: cost- ini‘l more than 5.000.

14: Crackdown on abuses «I expense account

llil .

June 14: Traustcrs or undis- tributed income irom I Cob porstion to its shareholders without payment or income tax to be stopped.

June 14: Lease option agree- mania permitting use of dil- tnrlied (arms of rental agrees merits to avoid inbpme tax to be stopped.

June 14: Biscuits and cook- lea llmulatllll chocolate of l

This. ‘ . N’S FUNERAL

was the proud ownu- of th. department‘s gold watch given him lever-l yell an (M 5 years smite. The funeral Ion-ice wan conducted by M.

i l

t

spotlighted merit at Canada's top domestic problem and promised an out drive to combat it,

ALL MUST HAVE JOBS

who to find one." he said. “it is an

a

l closet.

.nn uil be allowed deductions from ls‘z'42“°5°'°°° 1“" "°"‘ m taxable income (01 EXP? mineral drilling and exploration ‘inrurred since

‘rrlm

.G icent over 1961 national

one»ihlrd iclii'nb In price increases which have ready taken pia

lcauso ot a nr. . devaluation and the import sur- “Id I" “new 01 n" snvernmenl

‘ Charlies.

Effective Dates

estimated that not! ~ budgetary operations of the government on of the apart from the Allure i loan supporting the foreign exchange in calling would be raised in 515,-lfund will require about SASS.- 000

cult of

.0017. II the budget deficit {precast

[helpans out. the government's not debt will rise by 535000.000 to 314.522.000.000 at next March :1.

Mr. Gordon‘: budget a chronic

“Any Canadian. young or old. wants a lab in which we are dedicated to

hit back over six years

chlet Lnoki

oI Conservative ruin. Mr. Gor- on

found tsunami: "aged na-

said

gnaiinn. m i a ma

nu rl a t Ion al Iinancl

Looking ahead. he inrecaal I

live-percent rise in the gross in

tlonal product in 1968 NP amounted to 540.401. an increase oi eight per output,

nut he warned that about or the rive-percent the GNP rem—9522::

Ce mainly be—

now dismantled.

candy bars rublect to sales tax.

June 14: Interest on lump Iurn annunitiea Io be taxed. June It: Sale or loss corn- paniec to be stopped. Julie 14: Corporate income splitting I» avoid taxes to In.

June it: Withholding tax or 15 per cent imposed on man- agement iecr paid to non- residents.

June 1‘: withholding tax on dividends reduced In 10 Per cent irom 15 ior companies 15 per ccnt Canadian owned.

Jon. 1. ms witholdlng tax on dividends to be Increased to 20 per cent tor companies w l are not 26 per cent Canadian owned, Jan. 1, I967 Withholding tax paid in excess 01 10 Per cent on dividends relunclable ii is per cent Canadian ownership achieved belore that date.

(Companies increasing div- ident payments in anticipa- tion or this tax increase will pay special tive.per.cent tax on such payments alter June it. less, and prior to Jan. l

1967.)

June 11: Withholding tax on Interest removed from non- !axabie investors abroad.

Jun! 14: Dileount of 15 per cent on computing saith tax on gasoline eliminated.

April Ill. 1952 Pipelan com-

HELD

John GE.

Church. Pictured rum: til the {lunar

hall at 'ilrintty abo'v- h a 90 ll pom.- aion u it travelled min on Prince Street yummy altar. 1100!.

must be able u

m_ necessarily accept the Liberal of a mi

Perseveran

TIGNISHV 'Du are success-l lull flatmates today due to hard work and persveram-e." sad

Tigers gion . She rpobc at a breakiaat held in thar hon-

Iignish Graduates Told,

ISLAND NEWS PAGE

Alberlon and West Prince Counryl 2 The Guardian. Charlottetown. Fri. June 14. 1063.

ce Is Key l

Rev. M. I. Rooney. Rev. Floyd McGauigh, Rev. Sister St. Eileen David Harper, physical educa- tion leather; Rev, Slater St. Pat- rick. ev. Sister Mnry Arnold. school principal, Mrs. Milton Keough and Mn. Joseph.

or by the Tunisia Council of the Conwinv

Catholic Woman's [£88112 prior to the commencement exerrisu. II the lull cllu n! m lludeuu war. mace-mi in busing Lila ld'iool ban-d mm. The day began when Vcry Rev, M. J. Rooney and Rev. Floyd McGaush held service at the parish church of St. Simon lid 3!. Jude. The graduates lot:de very lash! 50m a! royal blue as Feared in the brith sullth of a per-leer day

Adde Ibe graduated and aileran congratulation! follow- ilfl tha breakinat were- VET!

a 1i

NOWLAN Pal

[eon payment] posliion achieved un-

onlble in their

., Catholic Women-s League were: .

Addressdnl the graduated on behalf oi the Catholic Women'a League waa the prexident. Mn. Hamid Cormlar..and Mrs. Jol- o‘ph Dorsey Convener oi educa- ton

Speaking on behalf of theiri classmates and expressing their warmest Ihenks and apprecia- iian to the teachers. Clary. parents and members or the.

Marion Gavin. president of Lhe‘ ' Fl

students ounce A'Hearn. Wilson Shea. Jr.. and. Austin Bernard. i

Cigarettes Taken ‘

- . iCalgpry

In T gn l1 Break lRel’zi‘na‘ hhwmn

TIG 'ISH — The Tl]th wlanonin

operative service station wasl

der tile lormer Conservative loverurnent will In I “long.: long wily” toward solving the country over ' all economic Problem

iolt now was on the we I being controlled, “and 1 don't think we'll need to worry much about it in the rotor The ioriner iinance minister: said that under Lhe Conservu ve government lederal pay- nicnts to the provinces were. increased by 33.525.000.000. in. the r me period. lhere were accum nted budget oehctts all

000. . Had the Conservative govern-l merit continued to make pay.‘ payments to the provinces ac.‘ cording to the "ram. generousi scale" as its Liberal predeces- aor, it would have had an over- all surplus or some $662,000.000. Mr. Nowlan said he did not

government's estimate $709,000,000 delleit (or the 196%. ‘1963 fiscal year ended Marchl as c win in Mr. Gor-

an‘s ore-budget white paper.

d . presented to parliament Tue:-

day. Turning to unemployment, is

had done more than the. ions Conservative adminis. tration in try to deal with the problem. . He compared the Liberal sov-‘ ernmcnt's proposed municipal iioan iuod oi «00.000300 with illle more than 3900.000.000 that. had been spent under the Con— scrvative government's munc .pcl winter works incentive pru- igram. Yei. though larger. the Conservative program had been lcritlcind by i n lworth "nothing i Vir. Nowlan said he (Ian not hiok the more generous term. .on NhA loans announced by iMr. Gordon will compensate ior iilre lncreascd cost or home ‘building that win result irom withdrawal of exemption on

. that I pre

building material

paniel may deduct drillln] and exploration expenses.

30: mt! duty on electricity to be "moved.

'nv. l: One-year bonus of up Io $75 monlhly to companies luring new Workers over 45.

To be enacted: Three-year. exemption from lnCom (or new manufacturlnfl and

broken into late Wednesday night

lcw packages oi cigarettes. stolen. Entry was made by

a

Alherion detachment or the‘ RCMP and mulch Constable‘ Howard Foley are investigating the

Chief justice ¥

Rel-urns Home 101’ Nova Serum and a iew show-‘

Chief Justice Thane A, Camp-l hell and Mrs. Campbell returned. this week irom Quebec wherel they attended a biennial reunionl

oi thc Canadian Rhodes Scholars; 5

Association at Laval University. Chlel .lustice Compbcll studied in England in 191942 under a Rhodes Scholarship. Dr. Henry tricks. iormer orc- er oi Nova Scotia cod now president oi nalhousle Univer- slt iioliiiiii. presided at this year meeting in his capacity ii. presidcnt.

Damage Light

damage to their lobster Sear

storm, while shore irom Wood islands to El-

ldon and at North Rustico light.”

damage was reported. From the dis!

urbanco meny‘ fishermen discovered In

t the

bait had been shaken out oi the 55

St. John Rner Valley. Bay 0! a result 01 the bad weather 1 Chain": Clear' little change in

traps and a iew were iouod to contain some lobsters.

catches are ranging from iairly gnarl at More”, where the aver- age in about one-pound pe’r trap to poor In most nlher areal.

Joseph Gaudlll. manager at the iisllermen's co-op at Nortii Ruslit-n said that during lhe Past few days fishermen have been .doing fairly good, with the catch running alllhlly below that 01 1 ar.

WAREHOUSE EXPLODES

MUXDEN. The Netherlandl‘ (Reuters! An ammunition warehouse blew up here rock-l lnx this small town and smash-

pracesalng hulineues in Iluw lrowth areas.

To cuaetcdr Twp-year. write-oil at new machinery and equipment (or web en- terprim,

To be enacted: Fiveeyear write-on or new bulldinga in areas or high unemployment.

( ation outside areas oi high unemployment only available to Companlu with is per cent Canadian ownershipi

’l‘n ho enacted: Lawn down payments on house: built uflv der NHA.

bring your

fingers . . .

Accelerated depraei-‘

ing windows over a wide urea . lTbursdny. The worehouce wual loot hear any populated area and i only casualties were a woman and a child slightly bud l by Flying glass. ‘

IWi

E

FAMOUS rim 1 summon iNsPEC’I‘ED

STEAK

coiion-pickin’

because rim m ywr am. alts beartuginagtonilinlovowtth our volumea or onion rap-an And VM‘I more— they're m to Iodr. TERRI'F‘IC on YOU!

A! Island Put-rim, fl couMI

TORONTO lure: issued office:

Dawson

l Vancouver

Victoria Edmonton

oitawa Montreal

.or early Thursday morning nnd.Quebt-c

Frederl (‘ton Salnt John

The b i r ;_ breaking a plate glass window :iioocion '1 am ° "men" dew l at the side oi the building.

nliiax . Charlottetown Sydnel’ anmouth St. John's .

HALIFAX i

l tlrcr olilec says late Thursdayl

evening cloud

cm were being reported along the south ('nssl. in that province were near the 50 degree mark. In \‘cw Bruns-

nml Prince Edward island s were cencrally clear and

nick

temperatures

li-onr n lilizl'i

F

cm. A weak

crntred ncnr

Thursdny evening: is expound _ ward and be replaced .bv a high pressure area moving