RE. Goodin. (left) Assistant Director Field Crop Branch. Ont- ario Department of Agriculture

compares the runner-up exhibit with the exhibit of S.A. MacAulay of East Baltic. P.E- Island which

EXAMINNG A eornrors Ar ROYAL WITER

won for him the title "World's Potato King" at the Royal Winter Fair Toronto on Nov. 10. The

Glace Bay ls-Looking To Fishing Industry For Jobs

By DAL WARRINGTON Canadian Press Staff Writer GLACE BAY. N. S. (CF)-This troubled Cape Breton mining town looks to the fishing industry to give work to some of its jobless.

Spurred on by the Board of Trade and helped by Cape Breton businessmen and the provincial and federal governments, Glace my now has the makings of a new fish dragger fleet. It could mean the start of a prosperous home industry. . c

The Gown has always had its fishermen. In summer their sword- fish boats almost filled the creek which would hardly be a harbor at all except for the breakwater- And there have been the shore fishermen with their Cape Island- type boats. called "snappers" here.

COAL SLUMP But coal. a business financed in

St. James and Bay streets. has always been king. Now that coal is hard to sell many miners are out of work. The Glace Bay area employment office.has about L000 persons seeking jobs.

Initial aim of the "self-help" scheme is a six-boat fleet of skip- per-owned 60-foot draggers. They will be able to go far enough to sea to find really good fishing and stny until they have a full load.

The first. the Barbara Kathleen. came in last week from the yards of A. F. Therlault and Sons at Metcghan River. N. S. She fished on the way and brought 40.000 pounds-n good catch-

Another. the Shirley and Linda. is expected from the builders this week. She. too. will work her way.

BOOST 'l'0 ECONOMY

"A' great deal hinges on the suc- cess of these first two draggers."

Muetbe

Trainingis oompp

says Leo Maclntyre, the trade board's fis h e r i e s development chairman.

"We're hopeful that if the first two boats show good results-and we're confident they will-they'll be followed by more. If it works out that way it'll give a big boost to the economic health of this area."

The boats. costing close to 550.- 000 each. wilrbe operated by Cape Breton Fisheries Ltd.. a company organized by a group of Cape Breton businessmen headed by R. J. Logue. Sydney auto and indus- trial equipmcnt distributor. T. J. Morris of Sydney is general man- agar-

GOVERNMENT HELP

The provincial trade and indus- try department helped with loan: and engineering advice. Ottawa

undertook a program of harbor im-

adventure for Lsus:ng ssson

'l'IieCsnadisnAnn ofuradvtntuntloyoungiisanwitlien

grasdteniant. outdoor living and travel. onlyifbetween 17 and 40. physically titsndras y to travel at short notice. leteandtbonough-aeoondhononeintheworld.

ood and suitable clothing V dad. All duty travel .-

a to luofsee (larger. A

vanolnent

d stsrtright swsy.Serviceiswitbnienfroinevery Qml:ayrt.:f Cziisds. Training includes ” ” Htness. use of the wide range of modern infantry gweapons. Thisoi-gsnisstionisone ofthe iinestofitsldndintheworld. 'l'haArniynquiresnsendreliabledsaraotarandstability-

ebb to pass special Army tests. Iobealglble i'nustbel7io40 ofage.sldlledtradesmenb 45. Whewpplyin brin birthybetitidszata or other of age. - mi and you share in p e and advmture of guarding Canada's -

fraedom.joinsndyosiisanhthehonourofaervingina fansou Regular Infantry Romant-

Tlse lngisnent of Canadian Guards,

The loyal Canadian Regiment or

The Bind Watdl (loyal l-lmsland Regiment) of Canada For full information, wrlfa, phone or visit

ARMY RHZRUITING STATION. 162A Kent Street Charlottetown, P. E. I- -- Telephone 3108

01' . THE ARMY RKRUITING

MILITIA ARMOURY nearest your home. u-;.vn.."seui.....--on--was

Jew-eeevysohvhideyafph.

..-

judges were' H.L. MacLaren. (cen- tre) District Inspector Seed Cert- ification Branch, Federal Depart-

provement involving 360.000 worth of dredging and some breakwater rebuilding.

Unusual feature of the plan is provision for the dragger skippers to buy their vessels from the com- pany in 10 years or less. Morris Nowe of Lunenburg. N. 8.. will be able to pay for the Barbara Kath- leen out of earnings until he is sole owner. The same applies to Capt. Cyril Rose of Halifax. skipper of the Shirley and Linda.

The captains were selected after the organizers interviewed a large number of applicant .

They will bring their catches to the local piocessing plant of Joe Lipkus and Sons. which could em- ploy 75 persons or more full time if it could get hie fish. Last sum- mer about 60 worked parttime. The boats will carry six or seven men each-

MODERN AIDS

The draggers have modern fish- ing and navigation aids. including electronic fish - finder. direction finders. Loran navigation devices and radio-telephones. They'll carry 1.000 gallons of fuel so they can range widely over the fishing banks. They'll be able to drag at

ft, tactics. physical

s'rA'rioN of

merit of Agriculture Charlottetown

all University Ithlca. N.Y.

Italian Team Drops Can. Navy

TURIN. Italy (AP)-A Canadian navy hockey team was beaten here Monday night by the Fiat Hockey Club of Turin 8-4.

The best player on the rink. team's c a p ta in. Petty Officer Joseph St. John. who scored twice. St. John. of Cornwall. Ont.. is at- tached to the carrier Magnificent.

Milan sport writers said that the Canadians displayed better class but that lack of recent training accounted for their defeat.

depths up to 125 fathoms.

"We're determined these boats will carry the best ehulpment available so they'll have every chance of success," says a com- pany official.

The whole enterprise carries an air of hope and optimism typified by trade board president Lester Taylor. who says:

"The arrival of the Barbara

history."

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and Dre. Ora Smith. (right) Corn-

Kathleen marks the opening of a- new era in this town's industrial;

lln This Corner

Will Soon Be

With the official openms 0' the lports Arena Monday night Charl- ottetown's winter sports Pfoltram will likely be letilnl "Dd" WHY 1” the very dear future. A four and

lbly five team Island Hockey ggug has been formed with teams representing Summersldc. Montague. Basilica Youth Club and Parkdsie having signified willing- ness to enter teams. The fifth team st. Dunstan's will have to get pus lesion from the Univer- Iity authorities to become affiliated with the M.A.H.A.. before they can become definite starters.

The present league will be under Intermediate "B" classification and all players must sign M.A.li. A. cards. It is more than likely that if the signing of these cards does not effect the Saints in their intercollegiate play they will be- come the fifth member of the island league. Last year the make- up ot the league was much the same as the present one, with only one team change. The Charlotte- town Royals are being replaced this year by the B.Y.C. The Summerside Aces won the title last season after a close contest- ad total series with the Montague Primroses.

Physical Fitness Director Bill Reid has announced that minor league hockey will be in full swing this season. Twentyr hours per week have been obtained at the Sports Arena and the various leag- ues will include paperweights. bantams. etc.. up to the midget class. Nothing has been done as yet about organizing the juniors or juveniles but there is little doubt that before long these divisions will get a lot of attention.

L Wed.. Nov. 16, 1955 The Guardian. Past 7:

1 City's Hockey Leagues

Underway

Earl Nicholson. manager of the Arena. is already busy lining up some attractions for the public. He has been in contact with the Mont- real Junior Canadians and has made tentative plans for an ex- hibition game here next week. Negotiations have not as yet been completed but we certainly hope that it will be possible for them to make the trip. Charlottetown fans will be given a chance to see Forble Kenn J in action. Forbie would possibly lineup with the local team. Nick told us the other night that the Charlottetown team would be made up of 11 of the best intermediate and junior players available and be strenght- ed by a forward line and two de- fencemen from the Canadiens.

Notes - Monday night at the opening ceremonies of the Sports Arena a couple of the speakers flubbed and called it by its Old name. We made the same under- f ” ” mistake ourselves and we have the idea that it will be sometime before the new name will be used without a short pause for building identification..Would- n't be at all surprised if by next year there isn't a move afoot to get big time hockey back in Chari- otietown. Angie Carroll is lead- ing the St. Jean": Metropolitan Hockey League in scoring. He is followed by two of his teammates .. Ron Hurst late of the Charlotte- town Islanders played with Tor- onto Leafs in Saturday's game. Ron assisted on the Leafs only goal..In the N.l-1.L. tonight Can- adiens are at Toronto and Detroit is at New York..Montreal's power- ful machine is giving signs of walk- ing o fwith the N.H.L. t.lt1e...We picked Boston.

The condensed statement of As- sets and Liabilities and of Undiv- ided Profits for the financial year ended October 31st. 1955. which the Provincial Bank of Canada has just made public reveals again a runarkable expansion.

Total deposits have increased by Q3.57ii.845 a substantial gain of 14 percent. Personal savings deposits show a rise of 812,687,565 19 per- cent) while other public deposits and deposits by the Federal and Provincial Governments have ris- en by 817,379,899 I20 percent! and 33,511,381. (62 percent) respective- ly

Total loans again show a substan- tial net gain (S1-i.475.085l.

Figures under Mortgages indic- ate that loans outstanding stand at 81,452,895, however the actual commitments of the Bank as at October 31st. 1955, were exceed- ing 82.600000.

Government and other securities which were at 587,742,931 in 1954. now stand at 595.654.9316. an in- crease of 37,912,005. Cash assets represent 22.03 percent of all liab- ilities to the public and have reach- ed s59.0M.51l. This compars with 20.07 percent and 3-16.766341 in 1954. Quickly available resources having increased by 317,823,646 to 863,016,982 and the liquidity of the bank is now 6080 percent. Undivided profits for the year were Sl.0lil.727 after a deduction of 3302.711 for depreciation on Bank premises but before a provision of 3381.500 for Income Tax. The con- tribution of the Bank to the Staff Pension Fund amounted to 3125,- 000. an increase of 525.000 over 1954. Net profits were 3575.227 re- presenting a yield of 81.15 per share vs 8105 in 1954 and 85 cents the preceeding year. In addition

to the regular dividends at the rate

Assets of Provincial A Bank At All Time High

of 7: cents per share. , distribution was nude It (3 of 12 cents per share. I total- bursement of 3431.000. Aftu vision for the foregoing. the

lili-

ance of profit for the year WC.

3155.227.

This amount of 8155.221 was Idi- ed to the balance of Undivided profits Account of 8334.618. carried forward from 1954. making I total of 5489.845 out of which a sum of 3400.000 was transferred to tho

Rest Account. together with a sun ' i

of 3600000 transferred from land Reserves. after provision of 3451.- 678 for Income Tax The Best Ar count was. therefore. increaled ll! 31,000,000 to 34,000,000 leaving a balance in Undivided Profits Ae- count of 389.845. The capital pl” up remains at 35.00000.

The Annual General Meeting ii the Shareholders will be held at the Head Office of the Bank. i.I Montreal. 221 St. James St. Welt, on Friday. December 9th. 1955.

Leafs To Change Training Camp

NORTH BAY. Ont.. (OP)-K Smythe, managing director of Maple Leaf Gardens in Toronto said Monday night the Toronto Maple Leafs will change training headquarters in 1956 or 1957.

Smyllhe spoke at the opening ceremonies of North Bay's new Memorial Gardens.

He said he was greatly isn- pressed with the new arena and added that he hoped the Leafs might move to North Bay from St. Catharlnes. Altzhouyi the Na- tional Hockey League team has trained in St. Catherine: for years. he said. there is no reason why they should not change.

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