) |

,

7 ;

; F \ |

|

This oil ‘truck ended upside down on Murray Gunn's front | on an icy street lawn al Troro, NS., oe slipped over -

"OI TRUCK C

driver Al — lost

os

7

wd

landed on its top, spewing

1,500 gallons, of fuel oil on the

>

| lawn. Lynds was not injured. (CP Wirephote)

In Canadi

‘| The Canadian ‘just .as persistently, has put it

“No Change Is Foreseen n Market View

governinient,

Mr. Heath will confer with Finance Minister. Fleming,

jing of a Common Market tariff jon such goods. At’ the same

_|time* similar goods could enter | Britain free of. duty. from the

Common Market countries of France, West Germany, Bel- gium, The Netherlands, Luxem- bourg and Italy.

Mr. Heath, now travelling te

New York by ocean liner, is sgheduled to fly to nesday following his aprival

there. _

ei © Said

- Increase In |

TORONTO (CP) ~ bought abeut” $6,300,000,000 worth of life jmsurance in 196),

jthan im 1960, John T Bryden.

.; President of the Canadian Life

Insurance Officers Association, j says im. a .year-end review.

’ While this amount of new pro- 4 {teetion was being put into force, companies during the year paid {out to policyholders record <ten- ‘efits of $600,000,000 or -$40,(00,- ./000 more than in 1960. This, Mr. Bryden comments, is equal to $2,500, every working day. About $385,00,000 of the 1961 benefits went to living policy-

holders in the form of annuity, disability and endowment bene- fits, cash values and policy dividends. The remainder— $215,000,000-—was paid in death benefits.

A further $100.000,000 was paid by life insurance compan | ies for sickness and accidents. FIVE-FOLD INCREASE

Life imsurance in. force now totals about $51,000,000,000, rep- resenting more than a Yive-fold increase since the war: and the average holding. of insured tam- iliés is about $15,000.

Temporary or term insurance is increasing. Group Insurance, for instance, accounted for about 25 per cent of 1961 purchases, compared with six per cent in 1945. About two - chases by individuals was on a term basis compared with sav- ings: elements are also increas- ing and these accounted for $?,- 700,000,000 im 1961 compared with $800,000,000 in 1945,

ANNUITIES INCREASED

\nniities in force with life insuranc€ companies have in- creased 10-fold’-since the war

and annuity contracts now num- t

ber about 700.000. representing present.-and future income to annuitanés of $800,000,000

| approximately $200,000.000 more -

fifths of pur--

5 Inevremnce 5-Fold Since War End —

{about 44 per cent of all Cana- dian corporate bonds, 29

cent of all municipal bonds, about 14 per cent of provincial

bonds and 29 per cént of all |

mortgages in Canada.” An additional $2,400,000.900 is invested in Canada by United

on behalf of their US. policy- holders. Mr. Bryden, vice-presi- dent and general “manager of North American Life Assurance Company, described 1961 as a significant year because of am- endments to federal insurance acts.

He said life insurance com-‘

panies welcome the setting up of the royal commission, on banking and finance and hope to contribute to its studies ang deliberations.

| BAY FORTUNE

The pupils and teacher of the Eglington School presented an enjoyable school concert in the Fortune Hail on Thursday even- ing, December 2}.

Mr. amd Mrs. Lorne Ding. well. were récent -visitors to Morell. where they were ‘the guests of Mrs. and Mrs. Leonard MacKenzie.

Mr: and Mrs. Ernest Poole, Souris; were visitors on Christ- mas Day at the home of Mrs. James Dingwell:

Miss Isobel -Stead. town, és spending her Christmas holiday at the home of her mother, Mrs. Brenton Stead, Red House.

Mr. and Mrs. Dan McGrath, and family of Charlottetown spent a pleasant holiday at the héme of Mrs. McGrath's mother,

Mrs. Fred MacKenzie, Bay Fortune. Mr. and Mrs. Aubrey Aifken, |

Fertune Bridge, spent a holiday

Charlotte -

Snes staan Sea ars

“Canadians life insurance savings now ho'd visitorg,to Rollo Bay.

Miss Bernice Perry, Char-

Miss Flora Petehs, RN, Char- |

Mr tide holidays with his parents | at Rollo Bay

Mr. and Mrs. Cliff Peters

Gerald Chaisson ; . stad | States life insurance companidés ¢%t PWC, is spending the Yule- ;

Red China Believed

ng

ser’ Another Year Of Shortages

|im many streets searching ter scraps of food, coal and meta).

By CLARE McDERMOTT China

| 1962, with minimum food ra-

| tioms; clothing and fuel short-

tages and serious industrial

slowdowns, according to foreign

observers here.

‘Diplomats eed in ome are spending this

their end-of-year reports —

virtually all agreed the . situa-

were visitors to Charlottetown ptioa of the Chinese people is

on Wednesday. Mr. and Mrs. John F. Kinnon, Monticello, were recent visitors to Rolle Bay.

Mac- |

worse than a year ago. But none believes there is any prospect of a breakdown in the |

| Communist system.

Despite the difficulties, Chi |

; nese officials remain confident

Mr. and Mrs. Billy -Meinals | and family St. Peters, and Mr. and Mts. Eddy Sheehan)

and family, Souris, were guests at the home of Mr. and Mrs. Arthur Burke on Christmas Day.

Mr. John Sheehan, Hamil- | ton, Ontario, } tatives. at Bear River ;

Miss Mary Chaisson, Char- lottetown is spending the Christ- mas season at her home in Boar River. :

Miss Alice A. Chaisson, Char-

lotteiown, is spending Christ- ‘mas holidays at her home in ~ Rolie Bay.

Thé pupils of Bear River South School presented their Christ- mas concert in the school on Friday evening, 2, before a large audien Pro- gtam included dialogue’, recita- tions, a welcome drill, singing, step dancing and a nativity scene with carols. Announcer for the evening was Shirley Chaisson, a grade eight pupil. Music was furwished by Joseph Chaisson and Kenny Chaisson. Santa arrived and distTibuted gifts to pupils and teacher. Treats were. handed -out to. all pre-school children attending.

PIUSVILLE

| frankly admit

is visiting his re- ;

about the future when they | speak with foreigners. They Te- sent foreign criticism, but often present’ short- comings and the likelihood of future difficulties.

Qbservers Here believe the coming year will see continued emphasis on the need to in-| crease agricultural production |

| through farm rhodernization.

~~

DROUGHT HITS AGAIN In 1961 crops were hit by the

third successive annual wave of '

drought, ural calamities. But despite this, crops were reported to be better than in 1960.

Food, clothing and _ ratign tickets change hands at high prices. in Peking streets. The

floods and other nat-|

official rice ration is reported |

unchanged since Jast winter, al-

‘though usually reliable sources

say there is more difficulty in

|

obtaining ¢he full amount. al- | lowed.

Meat, fish. and cooking oil are still scarce. Peking resi- |

dents are receiving a special New Year's meat ration of about three ounces —. the first meat some of them have seen for several months.

|

Clare McDermott,

staff correspondent is a native of Edmonton

Reut

ere

in Peking,

100 MOTORISTS

LAUGH LAST

BOSTON (AP) -

motorists had the last lau

Some 100

gh

on the police here although bn took peme laughing to coal

city

colossal

officials disclosed goof in which cars

properly parked on Beacon

Street were towed

error.

away

by

- Under. the cily’s snow by-

laws,

it is legal to park over.

night only on the 6dd-num-

bered side of the street Police and

traffic officials...

said they often assume, when ~

street numbers are not ible that the odd numbers a

vis- re

on the left side, It was on this

assumption that the cars we towed away Tuesday night But—on Beacon Street, as turned out, are'’on the right side Thus, all the cars parked legally ‘én the

the odd numbers

N-

left were left

alone and those parked on the

right were hauled away. When city hall telephon began ringing and

a ee

the word

got to Mayor John Collins he

ordered the without’ charge

In cases where the owne had already

cars

relnased

rs

paid the $5 tow

charge and $1 overnight fee,

he ordered the

funded. >

mohey

2

Britain, Canada

re-

* Yalks here next week on up. to the- British government to Trade Minister Hees and £x- —— oe ~ yearly. at the home of their son and yf, and Mrs. John Chaisson ain’s negotiations.” Carry: out: its broad promise to ternal Affairs Minister Green As a result, Mr. Bryden daughter-in-law, Mr.. and -Mrs. pignish. apent. Christmas visit. | ‘ere in Peking, with the tem- Plan Jan. Talks ship in the Eu do all in its ‘power to protect .just two weeks before a. vital JFK Decision . stat ed, . Canadians in 1961 set “Edison Aitken. Grimsby, Ont ing relatives in Puisville. perature well below freezing, LONDON (CP) — Britain and Market: aren Canadian’ markets in Britain. . bargaining session in Brusseis 2 aaa about $460,000.00 through = Mr. and = Mrs. George Jack- “large crowd attended mid. MOSt People appear to be Canada are to try frank talking aty change in ‘Informants said Friday ‘that between Britain the six-na- Is Awaited fe insurance and annuity con- son, Fortune Bridge, are spend night mass in St. Anthony's warmly clad in thick padded at a high level next week in @ ernment’s. h this position hasn't ‘changed. ‘ tion Common Market. | tr hs. accounting for ‘about 27 img an enjoyable holiday with Church on Christmas Eve. blue suits, sometimes patched bid to settle a fet that has _ -Lerd Privy Seal Edward The impasse, which involves SEES. TOUGH JOB On Bomb Tests Porat thee cl forms of Savipes | wer on law and daughter, Mr. Winston Corcoran, student 294 worn but always previding jeen simmering ever since the Heath sh minister in far more than a simple ques. the Brussels meeting Jan. 18 OCinee “ohe en aa eet Mrs. Garnet Godfrey, at Prince of Wales College im | ©6ugzh protection British decision to apply for has : . . e bBrusseis meeting Jan. b he , ‘ “Since the war,” he added, Moncton, N.B . Sharl , : Scavengers, usual! Id ey charge the negotiations, will tion of procedure, }has created cand 19 will involve manufac- WASHINGTON (AP) - The ,, b , M / Charlottetown is spending y O1¢.membership in the European meet ministers Wed- some strains in _AaheCenation © tured products. It’s exnected ‘defence department disclosed about one dollar in every four © Mr. and Mrs. Athol MacBeath Qhrisimas at his home in Puig. WOMmen or children tan _b be seen Common Market. iy and P pec ae “ saved has been saved throvgh and family visited with Mr. and .)\. ry cdw Thursday and Len- relations, that Britain’s toughest job in Friday it has set up a-task force life ins: “— . Mrs. Reid Wnderh ville ; Lord Privy Seal Edward reports say he will seek “a ~The issue is seen here as a‘ getting Common Market conces- ‘© Plan and carry out atmos. more holiseh Ids nog hee aed =. —— ” ay recently. Mr. Roger Hardy, Rosebank, and “daughter ‘Susan, Foxley’ Heath, minister in charge of the f y, co-operative” attitude by politically-loaded one, If the‘gov- sions. for Commonwealth gonds Pheric atomic ‘testing if Presi- insuranc olds now have life, is spending the holidays with his River; and Mr. and Mrs. Des- Common Market negotiations, is _/ Kanata toward the move for ernment were to say that tie will be in the’ field of manu- dent Kennedy makes a final de tj an-<ay or Pranvend tonda e | ROLLO BAY ~* parents. He ts a student at Saint mond Gallant .and family were to meet External Affairs Minis- / wider European economic inte-' gritish. market sk did be -pro- factured goods. ~ cision’ to take that step.-". an Ings deposits, bonds or | Dunstan's University. guests of Mr. and Mrs. John J. Green and Finance Minister vc gfation. =, , teeted: for produet A but not for Virtually all Canadian manu-- The Pentagon. in a formal ‘These savings ‘have been Mr. and Mrs Louis. Fitzpate |; Miss Chery! Corcoran is.spend- Corcoran on Christmas Day Fleming in Ottawa Jan. 8 and _ Britain. has repeatedly ‘asked product RB, the repercussions factured- goods--now enterg Brit- statement announcing the estab-~ ehannelfed ‘into constructive in- mck, “Woodville Mills we a an “we ay the a Bay aoe ee aren and -4 in an effort fo ease (he Straiue ‘Canada tp spell’ out e -ct!y could be unwelcome in factory ‘ain duty-free. and many get a lishment of the task force, said, vestments —and life insurance cent visitors to Rollo. B re re~ Mr. and Mrs. James Shea, family Waterford. were recent that have developed. which of this country’s traue in- towns making product B. The tariff preference over goods of the action. is: taken as part ‘of ;. . ; bias “ Waterford Ruests of Mr. and Mrs. Her. -——— - I companies have an. estimated Mr. Ivan Arsenault, Char- Mr. and Mrs. Robert Bren- man Corcora ANCIENT ISLES s it wants to have pro- effect of the Canadian govern- non - Commonwealth countrics. the necessary preparations for $9 800,000,000 invested in C lotiet spent Ct = n : \ tected in the event of a British s ti 3 le ,ritic « : . i : : este. n Can- lotietown, spen nristmas with nan and family were. guests of Mrs. Lec Kennedy. Ottawa, The Danish-owned Faroe !s | ment’s position is to leave this British entry te the Common resuming tests, under Kennedy's aca on behalf of C a / \ 7 ‘ ( . r. an rs earourton Mur- nf. atte t unera er jaffts, w 7 8 “move behind the oer eaaied. tariff — in the lap of Len- Market would mean failing Nov. 2 order to prepare for that holde ne ° ° Canadian ‘riends biPaaaa Be n Ma a “ ae t W m M One aul waded re Nae ; I a ne area by M6 ll en eee © Mr, i c- ray on Christmas Day s . rs ris ‘arthy an celan were § Wall of the - don. Pe peciat arrangements the levy- Possibility: ; Policyholders _through their Aulay, Moncton. spent C hrtst mas Mr. and Mrs. Roger Bulger ecently. Norsemen hefore 800 AD. < . 7. = ee re —— ——_________ _ —— __. — - - rere i ——————— __—__ __—__ ~ . 7

Moore & McLeod Ltd,,

JM CLE

/ oors Tuesday, Jan.

From the Third Floor right down te the basement you get much more for your dollar during this stprewide January Clearance. Everywhere you look there are bargains

savings that are genuine .|. . merchandise that is of the best quality . . . and items for every member of your fam- ity, es well as your home. Shop this January Clearance early and assure yourself of the widest selection.

ST

Open

2nd -9 o'clock

-Q@N THE ISLAND IT's

oan

ap Ui

t

Pj = | ?

mae