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€FCyY RADIO WEDNESDAY.

oh

one Firm

Bids For Nfld. Utility

OTTAWA (CP)—Expansion of Newfoundland’s economy will strain the island province's pres- ent telephone facilities in the next few n officer of Bell Telephone Company of Can- ada said here before the) Board of Transport Commis- sioners.

C. Scrivener, Bell's vice. | president of finance, said the | rapid growth of the province's | economy will continue to re- ;quire a high rate of growth in the telephone industry.

Mr. Scrivener was arguing in support of Bell's application to the board for permission to is- | sue 150,000 new shares with which to acquire control of the Avalon Telephone Company of Newfoundland exchanging two Bell shares for seven Ava- lon shares,

He said the island economy |

is broadening and owing |

|rapidly and the development of

a wider industrial base is being encouraged by the provincial government. New resources were | being located, owe for eco- | | nomical production develo: ped | ¥

| and related us establish- | ed.

Large amounts of capita were required for this develop- ment and there was increasin evidence that the provincial gov- |

ment’s effort to attract pri- |

vate capital was paying off. |

The implications for the tele- phone industry, Mr. Schrivener said, have been that Avalon's financial resources have been strained to meet service de- mands.

Avalcn’s earnings had roughly

;equated those of Bell and he

concluded that ‘with careful management, technical assis- jtance and access to adequate capital, it should be possible to provide Newfoundland with com- munication services the equal of | those throughout the trans- — ada telephone system at a of return that will justify — investment.”

By obtaining control of Ava- lon, Bell could improve Ava- lon’s credit rating and apply successful methods and are pa to expand service and a

maximum operating eft. lhe thereby improving po tential earnings.

The Bell application aye an offer by T. R. . John’s to sell about 175,- 000 Avalon shares to Bell. Bell wants to acquire the 522,118 out- standing shares in Avalon to give it control.

The hearing was adjourned

arose Fildes

hal = today when chief commis-

er Rod Kerr sald the board will either hand down an in- terim decision or defer it for further information and study.

6:28—Sign On

6:30—News & Weather $:35—Country & Western Roundup 655—News & Weather

7:00—Hebrew Christian Hour 7:)5—Country % Western Roundup 7:31—News & Weath } 7:35—CFCY Farm Repor

1:40—Country & Wore —— $:00—News

$:11—Weather

16—Country & Western Roundup 8:46—Weather

8:50—News

9:00—Morning Devotions 9:10—Morrting Moods

1:25—Matinee with Austin

Hustle, Backed

By Optimism

‘Is Current Business Keynote

By FORBES RHUDE Canadian Press Business Editor

Hustle, backed up by fair amount of optimism, appears to be the key word in business today, judging by the flood of comment and developments of one kind or another.

The Bank of Montreal, current business review, says present indications point to a construction of the forces of re- covery, It sees the six-per-cent increase forecast for capital ex- penditures this year as ‘‘mod- est,”” but’ encouraging when other areas of demand con- tinue strong.

G. L. Mansour, vice-president, RCA Victor, Montreal, says the sales increase that started last fall is continuing into 1962 at a higher rate than originally an- |

in its

ticipated. | *t | clay.

Figures for 1962 to mid-March show the company's television sales running 30 per cent ahead of the similar period in 1961 and 35 per cent ahead of 1960. Feb- | ruary table radio sales were up | 30 per cent from February last | year.

ENTER NEW FIELD Perfect- Circle Company Lta., manufacturers of piston rings - Don Mills, Toronto, an- unces it will produce and asee a full line of fishing tackle under license agreement with the American South Bend Tackle Co. Inc. W. Blake Dodds, ee and general begat. #0%4 s the move into the recrea- | ee supply field is a major ie

in the

| Volvo automobiles

| persons began picketing in front

company’s diversifica- tion program

Volvo Canada Ltd., which last year sold 1,946 of the Swedish in Canada, says it expects to = 3,000 this year and 5,000 in 196.

The Investment mealies As- sociation of Canada will hold its annual meeting at Manoir Richelieu, Murray Bay, Que., June 17-20 and the Canadian Gas Association will ge at the same place June 2

Crown, Zellerbach Coanke Ltd. west coast producers of pulp, paper and other forest products, says it bought $25,000,000 worth of items from 300 suppliers in 1961. Process materials, at $2,-

‘ formed the largest group, including such materials as glues, saltcake, sulphur, cau tic soda, chlorine and china Other items ranged from needles to locomotives. The dol- lar volume includes federal and provincial sales taxes.

PICKET U.S. CONSULATE MONTREAL (CP)—About 20 of the United States consulate here Monday to start what sponsors said would be a 24- hour demonstration against planned resumption of nuclear testing by the United States. A spokesman for the group — the Movement for Nuclear Disarm- ament—said members will work in two-hour van in front of the consulate. said a giant rally will be bald. in front of the consulate Saturday.

CONTRACT BRIDGE

By B. JAY

BECKER

Willis 9:30—Pick Your Part 9.35—An Orchid en " Giselle #40—Morning Moods 955—Kitchen Klatter Contest 0:00—News & Weather 0:05—Notes and Musie 0:15—Pyramids 0:18—Notes & Music 0:30—Merry Mepnarch Mix-Up 0:35—Notes & Music 0:55—Jimmie Rodgers Show 1:00—News Headlines & Weather 1:02—Notes and Musie 1:15—Notes & Musie 1:30—Purity Flour Jackpot 1:35—Notes & Music 155—Pyramids 158—Notes & Musi¢ 200-—Weather 205—Mostly Musie 2:15—Don Messer 2:30-—News & Weather 343—P.E.1, Road Report 2.45—Mastly Music

2:15—National School B’cast

MS—Hite &

: ines and Weather 1:02—Hits and

} 30—Pyramids

33—Hite & Encores 010—News and Weather (05—The Hit Paredes :30—The

erage Schedule b17—The Outports :20—The

in three notrump and West leads |

112:00—Jamboree Junction Messer

North dealer. Both sides vulnerable.

1 1 oer .

Opening lead—six of spades. Most problems that occur during the play can be solved by declarer in logical fashion. | There are nearly always clues) that can be obtained from either =

South West SNT Pass

the bidding or ao he Pe or inferences whic’ salen éravh, lead raeaee method of Examine this hand. South

adh "shoutd| to the proper

8:45—Musie %:00—A.M. Chronicle

8:15—Mar. 8:20—Musie

10:15—Playroom 10:30—Joan Marshall i 10:40—For Consumers |

12:15—Don

12:30--Mar Farm Beast 1.00--News and Weather 1:15—Tommy Hunter Show

ade, Declarer can count on

eight sure tricks after forcing |

out the ace of diamonds. His problem is to find a way of ob- taining a ninth.

There are two obvious ways of trying for the ninth trick. South can attempt a club n- esse, hoping that West was dealt the king, and, if the fin- esse succeeds, he will make the contract—in et Rag will make ten tricks. However, the contract will be defeated it “the finesse is attempted and fails.

The other way is to try a heart finesse against the queen. If it succeeds, the contract § is sure to make. this method of play is that South doesn’t know which op-

ponent has the queen of hearts. If he misjudges the direction in

which to take the finesse, he is |

apt to be defeated There is a third way of play- ing the hand, though, that is

less obvious, but is practically sure to deliver the goods. wins the king of spades with

the ace and leads a diamond. East takes the ace and returns

ig | & spade,

Declarer wins with the queen, _ cashes two diamonds, and puts East in the lead with a spade. East cashes — discarding two cl my discarding a cn a 2 ren!

mond.

East is now forced to return a heart or a club, and which- ever he does, South gets his

ball to ‘the defense at the right time and relaxes in his chair as East is eventually compelled to commit hara-kiri

tao=Tie Ou for Meledy

pe True Crime 30—Music of French Revolution 1140-C8C Hows, Roundup end

Mid-Week 11.30—Architects of Modern Thought! ‘s The Weather

12.00-—Here 12:30—Sign Off

The Guardian, Unariottetown, Wed., Mar. 28, 1962. 11! a? BELIEVE IT OR NOT

VWGNVUS |

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4. Saioae 20, Look at city in U.8. 21, Fuel 26.Fragrance 22. Bowlike

curved line

3. Meta 30. Hair- 38. meine raising 31, Child’s vehicle 38. Tin con- tainer

34, Courage 36. Gardener's tool

30.A cor- rective

DAILY ee oe — Here’s how to work it: AXYDLBAAXR &’ LONGFELLOW One letter simply stands for another. In this sample A is used

Each day the code letters are different. A Cryptogram Quotation SPFWU FJ a): @Pww RBwsrPd wxrP FDI HEFOWNXQ.

DEZD ESJ wVwPperpb.—

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ETTA KETT

“AFTER THE MOVIE WELL MEET THE

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INGEY Witt, PAY You. * one Hee LLOWANCE GETS MY

spades, South OUR BOARDING HOUSE JOUSE MAJOR HOOPLE

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