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BED CROSS DIRECTORS

High Risks And Low Returns. Feature Development Corp. |

By MICHAEL BLAIR

MONTREAL . (CP) High

» risks and low returns are the

investing ‘$5,500,000

ES

° e

. | $5,000,000

' short-term prospects‘ for Cana- dian Enterprise Development Corp. Ltd. which is loaning or in - young

jcompanies to help set them on their feet.

' ‘The corporation, known 4S

i: \CED, was formed in 1962 with

an initial capital in excess of contributed. by 27 jlarge companies, including .4.a- nadian Pacific. Railway, ‘he Toronto-Deminion -Bank, 2nd Credit Foncier Frnco-Canad'en jto “help outstanding men ‘o1!'d their companies into organiza- tions» of stature.’’

| “The latest company we in- vested in was Pinnacle Petrol- eums Lid. of Calgary—and that because their geologist, Bob

oil,” said Gerald Sutton, presi- dent of CED. “It wasn't our intention to get

ration. but I think we're backing & good man."’

\N SUMMER COURSE | sctecr ew srr

training centre to be held at meet with the Maritime dir- Mount Allison University this ectors on his way back ‘to

summer. Left to right in the picture are, Marion B. Bate,

The directors of Junior Red Cross from the three Mari- time — Provinces met with

Ralph E. Wendeborn at Hali- foundland Junior Red Cross,

Toronto after visiting the New-.| stitutionally guaranteed a mini-! | mum of four members of Par-|idea of what we do," said Mr.

Pinnacle stock and made the

ae js. good at finding | i an unsecured loan of

,company Prince Edward Island, Can- $150,000 to help speed up its ada’s smallest province, is con- development program.

“Anyway, that gives you an |Sutton. “Now we're looking at

fax international airport ear- Saint John, NB., Ralph E. Mrs. Blanche Baker, Hali- |liament. lier this year to make the pre- | Wendeborn of Toronlo, national fax, N.S., Air Canada hostess | = ‘liminary plans for the high”: director of Junior Red Cross, and Mrs. W.W. Reid, Chat- WINS ELECTION school Red Cross: leadershi rho st off in Halifax to lottetown. } rene. whe. dapat of . LOS ANGELES (AP)—Sam-,est |MP in 1960, has been a minis-|Y¢! W. Yorty,

\ter in the Pearson administra- ; tion @ince it took office in Aprii,

1963. j __,Earler- in the day, evidence VET put before the court by govern- |

4 Helicopter Firm’s President _ Charges Campaign Of Li .

MONTREAL (CP)—The prest-jbheen the victims of vilification ine ef cab- dent of Autair Helicopters Lim- and libel in Hansard by C.ev- ee ee including Mr ited has accused ~ Trans. rier—and his puppet, Pickers | pickers g ill wen rule on | polled 196,342 votes wort Minister Pickersgill and\ sill,” Mr. Comnor testified.| 11 government expenditures— | Velt’s 113,509. former cabinet minister Lionel ‘‘Everytime we did anything, awarded the contract to Atlantic,

Chevrier of a campaign of “‘vili- they found _something _ wrong 1] fication and libel’ against iis with it on the floor of the House | tompany. of. Commons.

Douglas W. Connor said he ig “I ascribe our present - diffi- |®° convinced this is why his Mont- culties to Mr. Pickersgill- in | complet real - based company was~by-| particular; who-has been carry-| 7 passed on an $84,000 federal con-| ing on the activities of his for- | tract in favor of a rival firm{|mer colleague, Mr. Chevrier. — ve ved $200 higher, | That is my contention.” officials * He ie gation before Mr. Chevrier. who:was an op- E Justice Rene Duranieau of Que- | position ‘member jn 1960, was who was conducting the investi | bec Superior Court who is hear-} appointed. Canadian high cour ing Autair’s petition for an in- missioner to London a year ago junction to -prevent the rival after serving some nine months ; firm, Atlantic Helicopters, from as justice minister in the ‘Pear | implementing the contract. .. ||son government. Mr. Pickers- stroyed 380,000 tons

“Ever. since - 1960. we have gill, who also. was-an opposition} Argentina—last -year- -_- i

‘MARITIME MIDGET.

~ CHAMPIONSHIP |

Representative

defence

Charlottetown Forum

Schedule Of Exciting. Action |

-| FRIDAY, APRIL 9, SATURDAY, APRIL 10

SATURDAY

Game No. 2-Sat., April 10th — 11:00 a.m. ANTIGONISH, N.S.

FRIDAY NIGHT

Game No. 1—Fri., April 9th —7:30 p.m.

FREDERICTON, N.B. FREDERICTON, N.B. rhe Yup Ghme No. 3—Sat., April 10th — 7:00 p.m. CHARLOTTETOWN ~ CHARLOTTETOWN

vs. SKATING AFTER THIS GAME ! ! ! (Fri.’s Game) ANTIGONISH, N.S.

DONT MISS THE FASTEST HOCKEY ACTION OF

¢ THE YEAR

The following merchants are aiding in publishing this ad:—

J. & T. MORRIS LTD. BUSTER'S SERVICE STATION Water St. Charlottetown Grafton Street East Charléttetewn

LePAGE SHOE CO. McINNIS PHOTO & HOBBY SUPPL Grafton St. Charlottetown 111 Kent St. Dial 2-2202 s

~ DOUGLAS BROS & JONES INC. PALMER ELECTRIC (Cerantic & Mosaic Tile) Fitzrey St. Charlottetown 1s? Kent Street — Phone 2-1234 BELVEDERE STORE SRO eae ee 143 St, Peter's Read — Phone 2-1962 Queen St. Charlottetown ‘

“Tickets For Sale or Rent, Seats to Let Fifty Cents.”

James Roosevelt. and six other aspir- | c ae to pee oaeet job. | $2,400,000 to date and has com- |With .4,622: of. the <¢ity’s 5,055 mitments for another $400,000 \precincts reporting, Yorty~ had |to~-$500,000,- leaving —at —-least to Roose-

|an additional 15 companies in |which CED might invest.”

At present CED has an inier- in 12--eompanies across

rty, controversial ‘Canada whose fields vary from mayor of the third largest U.S. mortgage insurance to lumber- city, won re-election Tuesday in | ing.

a smashing primary victory

'HAS SURPLUS* TO “INVEST The ion has invested

|

into mining or petroleum explo

_CED-has-purehased-$50,000-of

hebiggeracaris, = the more moneyitcosts until Dodge! . — ; gers

DODGE'65 alot more car ~ for your money!

“Many of the companies af- filiated with us are directed to CED by our backers who don't want to handle the business themSelves because of the risk involved,”’ said Mr. Sutton.

We investigate every one who approaches us with an idea~ that looks feasible. We're not interested in fast growth and) quick profits, but in gradual) development. : L

‘We're just making enough’ on our loans to pay for ‘over- | head, and the highest interest rate We've charged so far is seven per cent

“Our principals don't expect any quick return on their money and are more intersted in the side. effects when the companies mafage to get on their feet.”

The corporation is pafterned » on the lines of Americar Re- | search: and Development Corp. of Boston. The U.S. company is listed on the Néw York Stock Exchange and, said Mr. Sutton, the Canadian company even-| - tually hopes to beconie a public”

Coro a shareholder in CED, _ Toronto naval officers Lt. Franklin's ships, lost om-the Roots of the department _ of in which no “one owns more Cmdr. DJ. Kidd (left) and Arctic im 1048. A new hunt for mines and technical surveys than 10 per«cent, is Technical [-Cmdr. B.F. Ackerman the ships has been based on carried out a Development Capital Ltd. of trace on a map the route of a an extensive search by the of- survey and has expressed: London, England, similar to the) ‘ip they took during which ficers who are both on the staff guarded that the US. firm. . they are convinced they found. of the Institute of Aviation wreckage of ship has been “We exchange ideas with the | the remiains of one of Sir John Medicine in Toronto. Dr. EF. located. (CP Wirephote) ’ ‘other organizations to our mu-| f - : oe 7 tual benefit,” said Mr. Sutton. (Claire, Que., an electronics;tion of potatoes and onions to;Widman Lid., Vancouver, @ In Montreal this week for the company; Taylor-Smith Manu- stop them from sprouting: fotest company; Pin- annual meeting of CED were facturing Co. Ltd., North Van-| Mortgage Insurance Co. of | Ltd., Calgarp . executives of the 12 - affiliated : t Reactors Lid., Ottawa companies which operate across couver, which manufactures Canada, Toronto; Northern Ply- extraction of.ores. & Canada. : blocks _ with _impreg-| woods. Lid, Mipigon., Ont.,) o other companies iff

CED's investments include mated facings; Trams Pacific Prince Albert, Sask.; Evange-| which CED invested Houston Schmidt Ltd., Toronto, Leasing Services Ltd.. Vancou- line Saving and Mort, Co.,| written off, although a film processing company: Ver; Newfield. Products Ltd.,,Windsor, N.S.; Monomold Con- said one, Central. Dynamics Ltd., Pointe Mont St. Hilaire, Que., irradia-|tainers Lid., Edmonton; Cooper | mame, is showing

=e 2 &

Dodge Monaco Convertible with bucket seats and console”

ff you've always wanted the luxyry of a big car, but could never afford it, you can now.

Dodge looks tike an expensive car. Rides like an expensive car. But doesn’t cost like one. Dodge has a big 121-inch

wheelbase and a “Wide-Stance” wheel tread for a big car ride. Dodge is a lot of car. The most car in the popular-price field.

What those extra inches do for looks, you can see. What they do for ride and comfort, that you have to feel. Dodge gives you the kind of riding comfort that used to be the exclusive.” property of the fuxury cars. And to go with this luxury ride ° are the most hnxurious interiors in Dodge’s history.

And the mog tine-up of engines ranging all the way up to the reaf Scorcher: 413-cubic inches of flat-out power. Everything about Dodge is big. Except the money you pay for it. Here is value with a capital “V”. Dodge comes on big for '65. Ge see i. &t’s a lot of car.

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