Gocpensiive-

night to supl|SEATED (left: C. M. Macfean, of the Pro-| Charlottetown,

vice-president ;

SF en

£.

Lot. 16, secretary, and Donald A MacDonald, r; STANDING: Charles

Ltd. for the next 12 months were,!ent; Kenneth MacLean Central’ Yeo, Sherbrooke; Bernard Shea,

Cold Weather Reduces Producers Co-Op Surplus

The abnormally cold weather which prevailed during the late fall and early winter, was blam- ed for a $20,000 reduction in the surplus earned by Producers’ Co-operative Lid, in the 2 months i last June 30.

Association Imanager, Donald A. MacDonald—iast night told the delegates to the fourth annual meeting that, except for the cold weather which forced the as- eociation to load in Saint John the 90 carloads of potatoes des- tined for the M.V. Margareta rather than im Charlottetown and Souris, as first intended, plus the fact that most of the Kenne- bec seed shipped to Venezuela had to be regraded at destina- tion, the 1959 surplus, instead of $2.012, would have compared favorably with the surplus of $22,708 shown the previous year. IN BIRCH COURT

Municipal

(Continued from page 1)

vincial revenues, our land valwu-|

es, our farmers and fishermen. “Improved tran ation ser- vices, which are now being rapid- ly expanded. Our new Tourist Roads provided through the fine vision and contributions of the Federal Government, and our unparallelied tourist attractions demand widespread preparation for this important industry. Up to the present accommodation and publicity has applied chief- ly to the central portion of the province and this year has seen many of our central facilities in a very erowded condition,” he told the meeting.

TOURIST HELP

“Recognizing the potentialiti- es of this industry our party pro- poses to provide financial assist- ance to proshpective toprist ser- vices, keeping in mind suitable standards of accommodation. Encouragement will be . provid- ed to parties requiring smoll loans to effect necessary tourist facilities as well as to larger units of establishment. Tourist centers in many attractive loca- tions throughout the whole pro- vince will be developed under the policy, and first class picnic and recreation areas, now gener- ously subsidized by the Federal Government with all possible modern conveniences will be developed’’, he promised. * The promotion of bus, steamer and group visitors will be un- dertaken, and an attempt will be ‘made to provide an up to date

direction service with available |

guides to conduct both large and smali groups through the pro- vince to available accommoda- tions as required, Mr. Shaw said.

Mr. Shaw scored the Govern-

ment on its “unfortunate finan- |

cial record”. In 24 years of ad- ministration he said this Gov- ernment, coming in an a balan- ced budget policy only balanced the budget twice. During that period ‘with greatly increased revenues ‘“‘they increased our debt from less than 5 millions to 2% millions.”

HUGE AMOUNTS

In 1957 “according to their own statements they faced a finan- cial crisis, but now in an elect- ,jon year they are spending huge amounts on roads and other ser- vices. Where did this money come from? — The answer is imple from a Conservative Gov- ernment at Ottawa.

“Even with these extra funds’, Mr. Shaw stated, “‘we would »be

curious to know what our finan-'

cial position is at the present

LOCA BRIEF

The provincial executive of the ogressive Conservative Association is meeting this even- ing at party headquarters in @hariottetown

sociation’s annual meeting was chaired by the president, Louis O'Connor of Clinton. Special speakers included George John ston of the New Brunswick de- partment of agriculture, and W. M. Hayward, manager of the Charlottetown branch of the Bank of Nova Scotia.

Financial statements prepar- ed by H. R. Doane and Company and submitted to the meeting by Mr. MacDonald showed total gross profit on the year’s trans- actions to be $77,353.99. Direct expenses of $41,668.46 and gen- eral expenses of $35,500.71 less a decrease in the allowance for doubtful debts of $1,827.43, re- duced this margin to a net pro-

Held im Birch Court the As-; and appliances, $22, 268.06. In cluding

commissions and other in-

come earned gross profit in each

department was; produce, $57,-

499.26; poultry, $16,107.27; and ap- pliances, $3,757.45.

With present assets valued at

$42,000, the member co-operatives

ey n ; 5 ° . Fg gts

Deed Seas She Eg Nie YS et de ee Se Be eee

The following are the results of the final judging for County and Island Honors in the 4H Gar- ment Club competitions.

PRINCE COUNTY HONORS First Year Junior: 1. Carol Lar- kin, Carleton Siding. 2. Nancy Paynter, French River. 3. Ans MclIiwaine, Tryon. 4. Judy Cos- tain, Cape Wolfe. First Year Intermediate: 1. Ir- ene Perry, Tignish. 2. Noreen Murphy, Norboro. 3. Sandra Cur- Coleman. . First Year Senior: 1. Gloria Gallant, Carieton Siding. 2. Beryie J. MacLeod, Norboro. Second Year Junior: 1. Mary Howatt, Tryon. 2. Ethel Gavin, Tignish, 3. Sandra Paynter

os

Carleton Siding and Sylvia Gard, Mill River East. Second Year Intermediate: 1. |Margaret Horne, Mill River East. 2. Dale Morrison, Carleton Siding Tig-|and Susan Salome, Middleton. 3. |Muriel Hogan, Tignish. 4. Eliza- beth MacCaull, Carleton Siding.

Handnahan, Lewis, St. Peter’s;

NEWS.

TELEPHONE 8506 — ASK FOR NEWS DESK The Guardian, Charlottetown, Fri, Aug. 7,

Final Results Announced. |In 4-H Garment Club Contest

French River. 4. Edith MacCaull, |

i

Norma Howard, Cornwall. 2. Fair- lie Godfrey, North Wiltshire.

KINGS COUNTY HONOURS First Year Junior: 1. Barbara LaPierre, Morell, 2. Cheryl Mac- Leod Cambridge. %. Marjory Yoston, St. George’s. 4. Barbara Dixon, East Baltic.

gor, Kingsboro.

Second Year Intermediate: 1. Betty Jean MacDonald, St. Geor- ges. 2. Emma Macintyre, Cardi- gan.

Second Year Senior: 1. Marg- aret Morrison, St. Georges. 2. Barbara Sanderson, Cardigan.

Third Year. -Junior: 1. Sharon MacGregor, Kingsboro.

Third Year Intermediate: 1. Pauline Fraser, Kingsboro. 2

Second Year Senior: 1, Manja Third Year Junior: 1. Laurie | Woodside, Tryon. 2. Theresa Gal- ‘lant, Carleton, Lot 6. Third Year Intermediate: 1. Mary Norma Craig, Middleton.

i Maureen Cronin, Summerville.

| Fourth Year Intermediate: 1. |Mary Kaye Murphy, Summerville.

ISLAND HONOURS Phee, Hampshire, 2. Barbara La-

2. Lucy Conway, Tignish, 3. Jill Thomas, Tryon, 4. Vera O’Hal- loran, Cape Wolfe.

Fourth Year Junior: 1. Marg- aret Howatt, Tryon. .

Fourth Year Intermediate: 1. Eileen Harper, Tignish, 2. Judy Thomas, Tryon. | Fourth Year Senior: 1. Winnie 'McCardle, Middleton. 2. Stella Doyle, Tignish.

Fifth Year Junior: 1. Sherran MacWilliams, Carleton Lot 6.

Fifth Year Intermediate: Mary McCardie, Middleton, 2 Grace Lyle, Miscouche, 3. Gloria MacLean; Miscouche.

Fifth Year Senior: 1. Charlene Wright, Middleton. 2. Florence

rd

operative

son, Carleton, Lot 6. Sixth Year Senior: 1. Ruth | Robblee, Tryon. 2. Betty Richard.

Carleton, Lot 6.

QUEENS COUNTY HONOURS Firet Year Junior: 1. Joan

tive prices for potatoes in Char- lottetown normally averaged 15 cents less per bushel less than

1. | George's.

| Power, Miscouche. 3. Flaine Get-

“|Miscouche. 3. Julia MacNaught,

Pierre, Morell. 3. Carol Larkia, Carleton Siding. | First Year Intermediate: 1. Marilyn Larter, Hampshire. 2. |Barbara Brown, Morell. 3. Irene |Perry, Tignish.

First Year Senior: 1. Mary Proud, Hampshire. 2. Gloria Gal- lant, Carleton Siding. 3. |Alyward, Morell. | Second Year Junior. 1. Heather |MacPherson, Highfield. 2. Mary Howatt, Tryon. 3. Leona Fay, St.

Second Year Intermediate: 1. | Dixie Cudmore, Winsloe, 2. Mar- garet Horne, Mill River East. 3. Betty Jean MacDonald, St. Geor- |. Second Year Senior. 1. Manja Salome, Middleton. 2. Margaret

+Balderston, Highfield. 3. Marg-

aret Morrison, St. George's.

| Third Year Junior: 1. Roma |BagnaH, Hunter River. 2. Laurie | Woodside, Tryon. 3. Sharon Mac- Gregor, Kingsboro.

First Year Junior: 1. Jean Mac: |

Isabel |biocking the unloading of Cana-

fit for the year of $2,012.25. Total net sales were $988,901.77

made up as follows: produce,

$773,050,76; poultry, $193,563.65;

Treasurer tell the people of this province what our overdraft at the Banks are? Are any efforts) a j being made to fund these over-|been trying to curb the rapid ‘drafts? And if so, what are the, build-up in the economy “and | terms?” : y they don’t want to

Huge increases in debt, can- lose ground. not be continued and disaster be EXAGGERATED FEAR | averted, he said. Mr. -Lambert suggested that This is the peoples debt and {the present record interest rate they must carry this heavy load: | reflects an exaggerated fear of “Our services cannot be expand- | inflation. ed with steadily increasing | amount of our revenues going into carrying charges. Not only must our Government immedi- ately pres for more favorable terms with Ottawa, but equally imnportant follow wise and effi- cient practices in public expendi- tures, while nat forgetting at the same time needed public ser- vices.

This our Party intends to adapt as a fundamental part of its policy, he stated.

twhere until it developed a sys

Canada Bank

(Continued from page 1)

threat of inflation looms greater

to many people than it does to

me,” he said. “We shouldn't minimize the

over-emphasis.”’ ; The average treasury bill yield

this week of 5.73 per cent is only 27 per cent below the maximum six-per-cent interest rate which chartered banks are allowed to charge.

Bank of Canada figures issued here Thursday showed other in- © dicators of the tightness in short- Housing Plan fee ede

| Im the’ last week the central

(Continued from page 1) bank has loaned $23,50,000 to one from $45-50 per month, including|or more securities dealers by interest and taxes. Mr. Sangster /huying treasury bills on a pur- said many homes that would/chase and re-sale arrangement. ordinarily cost $11,000 are being |The bank makes such loans only constructed for as little as $7,000 when dealers can't borrow else-

“This rate surprises me—the;

threat, but I think there is some

the price paid im the O'Leary area.

He said that local managers could not depend too much on the information given by out- side brokers.

Mr. MacLean noted that K was not entirely accidental that both major political parties in the Province were advocation an extension in the agricultural marketing service.

ADVISED TO HOLD :

He advised the Association to hold as they were im the hope that eventually the government | would pass control of pool mar- keting to it.

The present broker-consumer price spread enabled the broker

|

to play one dealer against the other and the local co-operatives | against each other and the cen- tral organization, he said. Mr. Johnston advised the Is- land co-operators to consider adopting co-operative livestock marketing. The N.B. expert recalled that | |before the advent in ~ New) Brunswick of co-operative mar- keting, dressed hogs sold in| Moncton. were bringing produc- ers the same price as the live | variety sold in Montreal. The/| co-operative scheme had prac-| tically equalized the price on/| both markets, he said. Introduction of livestock auct- ion sales had also proved pop- ular, Mr. Johnston said. With

MacPhee, Hampshire. 2. Dianne| Third Year Intermediate: 1. MacMillan, Cornwall. 3. Ruth Mary Norma Craig, Middleton, Moore, West Royalty and Beryl 2. Joyce Bagnall, Hunter's River. Buote, North Rystico. 4. Marilyn 3, Pauline Fraser, Kingsboro. Carew, Hunter’ River. .. .. ty Thi ear Senior: 1. Shirley First Year Intermediate: 1.) Weeks, Fredericton.

Marilyn Larter, Hampshire. 2:| Fourth Year Junior. 1. Marg- Lorraine Ramsay, North River; | aret Howatt, :

3. Rose Trainor, Fort Augustus.| Fourth Y 4. Lois Beli, Hampton, DeSable. | Eileen

First Year Senior: 1. Mary Kaye Murphy, Summerville. 3. Proud, Hampshire. 2. Laura Jol- Carol Ann Gillespie, Clyde River. Annie

limore, French River. 3. Florence| Fourth Year Senior: 1. Ferguson, Hampton. ——"" | Boyle, Clyde River. 2. Winnie Me-

Second Year Junior: 1. Heather |Cardle, Middleton. MacPherson, Highfield. 2. Mary|~ Fifth . Year Intermediate: 1. Bowman, North Wiltshire. 3. Mar- Nosma Howard, Cornwall. lene MacNeill; West Royalty. 4,| Fifth Year Senior. 1. Charlene Alta Bernard, Hunter River. | Wright, Middleton.

Second Year Intermediate: 1,| Sixth Year Senior. 1. Ruth Rob- Dixie Cudmore, Winsloe Road. 2. |blee, Tryort.

Donna MacLeod, Highfield. 3. | PC’S Review

MacKinley, York Point and Bonita Pineau, North Rustico.

Second Year Senior: 1. Mar-

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Judges’ Order Restrains Picket

BUFFALO, N.Y. (AP)—A fed- enal judge signed an order Thurs- day restraining a picket from

dian newsprint from a British The lone picket from Toronto haw tied up. 2,500,000 pounds of newsprint for four days. Long- shoremen refused te pass the picket.

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punctured a lung. Dr. Craig’s report also indi- cated that the type of injuries i:

was suffering from considerable } pain. He was conscious for ap-|

minutes

pected to begin today.

for the restnaining order from federal district Judge Harold P. Burke.

The company said that the dis- pute “in no way involves Bowa- ter interests” and that all the sailors on the ship, the Gladys Bowater, are represented by Brit- ish unions.

Earl Patterson of Toronto, sec- retary of the eastern Canadian district of the International Wood- workers of America, could not be reached immediately for com- ment.

| | |

WOOD ISLANDS- CARIBOU FERRY SERVICE

June 20th te Sept. 20th Daily Inclading Sundays 7. 9, 11, 1, 3, and & From each terminal

Standard Time

proximately two i and |

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ONE CENT ©ACK ALLOWED ON PURCHASE

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NORTHUMBERLAND

FERRIES LIMITED | Charlottetown, P.E.L i

Judy Yeo, East Wiltshire 4 Lois

garet Balderston, Highfield. 2. Elva Jewell, North River. 3. Shir- ley Diamond, Winsloe Road. 4, Wilma MacPhail, York Point. ridings last night jammed the

Third Year Junior: 1. Roma Progressive-Conservative Bagnall, Hunter River, 2. Linda |

Dixon, Clyde River. 4. Beth Ma- theson, Cornwall and Wilma Ab. bott, Fredericton.

Third Year Intermediate : 1. Joyce Bagnall, Hunter River, 2. Ingrid Rudish, Alberry Plains, 2.

Jessie Hansen, Kingston: 4. Hea-

co nominees and Heath Mac- quarrie, M.P., were present.

Delegates from all five Queens

com- | oT mittee rooms in Charlottetown to | ; r | j Boswell, North Wiltshire. 3. Hilda ' . li 1 al review of plans for the forthcom- |

ing provincial election. All 10 PC} \ GUARDIAN -

480 HOMES IN N.S. He said that although the lation had been

through this co-operative

| }

where. The cash reserves of chartered

legis- |banks, as a whole, dropped be- staute low the statutory minimum to an

average 7.9 per cent of custom- ers’ deposits in: the first five days of August. they have the

were built rest of the month to bring the Scotia last year under | average up to the minimum eight

This week’s Bank of Canada interest rate has risen in five

people began to take advantage

| of it. Some 450 homes

| in Nove

| this scheme and 500 will be con- per cent. | structed this year, Mr. Sangster ‘POTATO POOL

e

| The Union “‘sees merit” in | potato pool scheme proposed “country caucus” a few days ago and has given authority for the appointment of e | which will work hand in hand with organizations such as the De- partment of Agriculture, the Fed- eration of Agriculture, the | Women’s Institutes, Junior far-

}

:

assurance to the government that they .will work closely with them in what ever plans they attempt to formulate in this connection. The meeting went further ia moving that a promotional com- | mittee be set up. This committee lit is pointed out, would co-ordin- ate thinking and action in regard to the working of such a market- ing committee.

DR. COADY’S PASSING Reference was made Mr. | Sangster ‘to the passing Rev. |M.M. Coady of Antigonish who | was described as the father of the | co-op movement in The Maritime

|

by of

| services will be forwarded to the ertension department of St. FX.

A resolution approved the re- | appointment of Reid Sangster as co-op field man in P.E.I field |man in P.E.I. for another year.

Kenneth MacLean of Lot 16 was re-elected president. Lorne Call- beck of Oharlottetown was named vice-presidem and D.A. MacDonald secretary mé@nager.

consecutive weeks from 5.26 on

| July 2. The central bank rate is the)

minimum charged by the central bank on the infrequent loans it makes to chartered and savings banks. The new level of 5.98 per cent compares with the record low of 1.12 little more than a year ago, on Aug. 2, 1958. SHARPEST CHANGE

The rise of 26 per cent in the rate since last week is the sharp est change since February, when the bank rate jumped by .29 per cent to 4.32 on Feb. 2.

The new high mark on trea- sury bill yields undoubtedly re

money available for short - term lending. In recent months the

loans greatly to meet a heavy de- mand for credit during the cur- rent economic expansion.

Average price for the new is- sue of $115,000,000 worth of 91- day treasury bills, maturing Nov. 6, was $98.501 compared with $98.655 last week.

Average yield on $20,000,000

worth of 182-day bills was 5.98 per cent compared with 5.72 a

s|week ago. Average price was

$97.107. These bills mature Feb.

5.

The Bank of Canada announced it will receive tenders next week for another $135,000,000.in ttea- sury bills, made up of $115,000,- 000 in 9i-day bills and. $20,000,- 000 in 182-day bills.

Louis O'Connor, Springton; L.C. Calibeck

Chariottetown; Frank Connolly, Moreil. 5

flects the current shortage of}

banks have been expanding their |

ther Jorgenson, Fredericton.

Third Year Senior. 1. Shirley Weeks, Fredericton. .

Fourth Year Intermediate: 1. Carol Ann Gillespie, Clyde River. 2. Marion Newson, Kingston. Fourth Year Senior. 1. Annie Boyle, Clyde River. 2. Ann Han-

sen, Kingston. Fifth Year Intermediate: 1.

“PAINTING?

Pittsburgh Paints, keep that Just Painted leok

sales averaging more than $14,- 000 each week, the average price realized fell very little below th Montreal average.

SOLD SINGLY

With the exception of little jigs all animals offered for sale were sold singly and by weight, | he added.

By means of such sales the producers learned the true value of the animals they produced, Mr. Johnston asserted. Normal- ly, for livestock values Mari- | tumers depended on hearsay and the trend apparent in Montreal

and Toronto, he said. -? INGER! He declared that the livestock ma \ auctions helped te reduce the Chandler Bros.

spread between what the farmer received for their products and what the consumer was forced to pay for them.

Canadian Legion Picnic For Children:

A picnic for children of the mem- bers of the Charlottetown Branch, Cana- dian Legion will be held Saturday after- -noon, August 8th. |

This is for children under 12 years of age. Bus will leave Legion Home at 1:30 p.m. Saturday.

Children wishing to attend should - have their names in by 6:00 o'clock Fri- evening, Aug. 7.

aan

Ne. 1 Plywood Place Charlottetown, P.E.L

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of PC delegates called for this afternoon to be followed by a

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