eas? ; . The Guardian, Charlottetown, Tues., Aug. 10, 1965. 11 | Britain's Struggle With Pound exes. rs cesaece on m=

} On farms, for example, which

Tied To Future Of US. Dollar

that these ei

prises didn't re- turn. éfough

pay ' Wages.”

or less in eala-

produced $250

1.

When combined with the ble products, non-farm income 3g)

Study’s finding that it takes farm product sales of $6,000 a

lyear to cover average: annual

living expenses of $3,200, the

By SAM DAWSON

| Im the U.S. there is ‘debate

|pound., im-

farm income figures offered a

NEW YORK (AP)—Britain’s over whether the economy is struggle to bolster the pound slowing down, or is about to. sterling is more closely tied to In moit of Europe the rate of | the future of- the U.S. dollar | growth is definitely smaller this than many people think. year than last, and well below |

For the dollar and the pound the rate in the United States. | ere still linked in world finan- This slowdown follows years of | cial affairs. Trouble in London's |unusual growth in Western Eu-| Threadneedle Street can affect/rope, with the rate notably Wall Street—and Main Street, |higher than in the United States.

The pound no longer has the; Britain is especially hard hit

To pay for these ports, ‘Britain finds other cur- rencies are demand, and the pound isn’t.

Last fall the United States had to go to the aid of. the pound. With other countries it furnished a fund the Bank of England could draw upon to de fend the value of pound against speculators who were dumping their holdings because they

importance it boasted back in | now. In 1964 its economy ex- thought the pound would have | the flourishing 1920s. Its col-|panded over the previous year to be devalued.

lapse at the start oft he 1930s | by 5.7 per -cent. This year the! Again the British government | set up a'chain reaction of busi-|growth is estimated at 2.5 per \ig seeking to curb imports, boost | ness woe throughout the world |cent or so by the First National jexports, and ward off speculat- | that contributed in large meas- |City. Bank of New York:,]t notes ors as the pound weakens. If) ure to the depths to which the that whereas the United States|Britain’s efforts don't succeed, | American economy sank in the was showing # striking increase |the United States may have to depression, : jin industrial production in the |help again.

If the pound isn't that impor- jfirst quarter of 1965 over the| The pound’s role as an inter- |

tant to the U.S. today, the state final three months of 1964, in|national reserve currency, of the British economy, and he Britain the gain was a disap-|though shrinking, is still linked health of ‘the European Common | pointing one per cent. with the dollar's bigger role in|

somewhat depressed picture But here is where the study's unique findings on non-farm in- ;come came into play.

| It shows that in 1958 — and |Dr. Fitzpatrick is sure this fig- ure has increased considerably ;—Canadian farmers averaged $534 from off - farm sources. Some of it came from working ‘on other people's farms, but the main sources were employment, government pen- sions and allowances, and in- vestment income.

“Off-farm income in the mar- itimes was very important,

equalling more than half of}

the operators’ net income from sales of farm products,” the study said. “Only in the Pral- ries did income to the operator

accounted for 99 per ceht of the family’s total intake’ In fect,

\farm sales had to reach $2,000

before this income exceeded non-farm sources.

‘With the increasing develop- ment of rural areas, 6pportur | ities for non-farm income for! farmers is certain to increase,” | said Dr. Fitzpatrick. “It may mean that these people who re- quire additional income wil! be apie to get it from this source —and ‘without increasing agri- cultural surpluses.’’

non-farm |

Market, are-still matters of con- |

The British industrial lag has world .affairs._And-France's/and—-his.-unpaid_—family help

SIGHTED ON ATLANTIC

FALMOUTH, England (AP)— An RAF plane Monday sighted Robert Manry, an . American sailor bridging the Atlantic alone’ in a small boat. The RAF Shackleton radioed from about 290 miles out, informing St. | Mawgan base that Manry’s 13%-foot. boat was sailing along

‘comfortable on a direct course

for his goal, Falmouth. Harbor officials here figured he shoald reach Falmouth around the end

3SNOW AZNOIN

cern 6 US. business as well failed to meet the demands for

|preference for gold rather than'from farming operations

of the wéek.

> |

OH,T WAS PRACTICING

MY BOWLING SWING

WITH THE IRON IN THE KITCHEN - f

as to U.S. monetary authorities. | goods of the almost wholly em- The American economy now |ployed British population. They looks-strong-enough-to-take care jhave™ turned” to imports” to get” of the many domestic problems | what they want and have- the. : and even the stepped-ip Viet |money to buy. Nam war. But Britain, and!’ The excess of imports over parts of continental Western Eu- exports has put a strain on the rope, have been breeding some trouble spots that could cause business setbacks there—and in time here BLAME U.8, ae And both Britain and the 2 Common Market tend to blame the United States for some of their present and potential diffi-

,either the dollar or the pound

pur et hinds uti vier RUPLEY'S BELIEVE.1T-OR-NOT

Nam and at home, the United ; pr om [— > nA ree iy : a :

peta iarenine eongme) f \R : ee a ey)

Income Under Living Level ast On 70 Per Cent Family Farms YU:

NATIVES of Ber Ischen, Morocen CAN MAKE PURCHASES OLY

By WILLIAM NEVILLE (ment and C. V. Parker of the

} ® — OTTAWA (CP)—The first de- Dominion Bureau of Statistics, eval nice ane Bee tailed study of family farm in- of farm income sources and MusT ke icronere se comes shows that seven out of patterns. . HIGHEST BIDDER

ON TH 10 Canadian farms don't pro-. The study is based on a na- duce enough direct revenues to tional sample of 8,077 of the

- cover family living expenses. (single-family, single-farm hold-

s | But it also reveals that, in ajings which make up more than TUESDAY PROGRAMS growing’ number of cases, the 90 per cent of Canada’s 400,- CFCY-TV nation’s marginal farmers are 000,000-odd farms. The study

5: . making enough money from/used 1958 statisites, but Dr.

3.00 p..—Musicale

‘non-farm sources to at least Fitzpatrick said he is certain jcover their bills. that, in at least their broad pat-

6-X LNJOV LauDasS 4% FD King Features Syndicate, Int 1oes, Wend ragnis reserved, |

3.30 p.m.— a i Pip ae wn —— Te These are the main conclu- erns, he {ndngs are equally a France 5.00 p.m.—Childrens Filme sions from an unprecedented valid oday. FFERED. 6-30-p.-—Take 30 study made by two government “This is the first time ~in ean A - 6.00 p.m.—All Star Theatre economists, Dr. J. M. Fitzpa-/Canada we have had a real CHE 6.21 p.m.—Gazette trick of the agriculture depart- survey of farm incomes which es 7.01. p.m.—CFCY-TV. News took into account both farm and 24 é as °7.15 p.m.—Changing Face of P-E.|. |11-30—News and Weather ee a —- Rs ~ 7.30 p.m=—The Lucy Shy 11.35—Starlight Serenade | iek in an} riew FF: = , 8.00°p.m—<Dr. Kildere 12:60—CBC News, Maritime Weather Study looks at the .farm prob- ° ‘- Hey! We'RE SUPPOSED WELL, PvE GOT News. ee 9.00 p.m.—The Great Wer end Sports som: from: ie. peneees point of TO BE GOING STEADY! 1 DON'T TRUST YOU,, al T CAN 9.30 p.m.—Talent Scouts |view where most previous sur- , REMEMBER? EITHER 2 KEEP AN EYE 10.30 pim.—Gideon’s Way CBA RADIO |veys were based..op figures Te) ga 11.30 p.m.—Newsmagazine lating to the land. 12.00 p.m.—CBC TV New TUESDAY : 12.13 a.m.—Local Weather | NOT 8 O BLACK 12.15 p.m.—Sign Off pipecigied —— Show. Part 1 “I think our study shows) : } 7. orning Show, Part 1 that the farm picture isn't

CKCW.TV_ 8:00—CBC News end inland

nearly as black as it is some-

Weather times painted.”

T43 p m.ccStation Sign On 8:15—Maritime Sportscast, The study, released recently ACROSS 4. Before 25. Bowl- 1.45 p.m.—Visit To England | 8:22—The Morning. Show, ‘Part 2 by the agriculture department, 1, Arrived 5. Faces shaped 2.15 p:m.—News, Weather and | 8:35—Leave It To Bennet We : ; 5. Jargon 6. Armadills cavi- a |tends to tonfirm the generally

Sports 9:00—CBC News _ |held view that many -Canadian 9. Might T-One " as 2.30 p.m.—Peyton Place | 9:11—Commentary | farms by themselves, are & 10. Musical of the 26. Chem!- 3.00 p.m.—Gale Storm 9:16—A.M. Chronicle | ' : drama Leeward cal

| less - than .- profitable venture. : 3.39-pem:-—Moment-of Truth: — | 10:30—TeMarket—With-Musie—— ~ Beene : 12. Silly - Islands com- : : ~ But it” brightens the’ over-all 4.00 p.m.—Vacation Time 17:00—C8C News ‘nt etakie ty als 13. Nautical 8. Track pounds { 4.30 6.10 picture considerably by reve 14. Beire cha oS EID SIEEMICISIMIETS 2 Pp Sunshine Semester 11.05—Morn. Comm. Jean ig . Inter. . ling forthe first time the exe : IDIEIN] | IMMMUINI | [TIS]

5.00 p.m.—Kings Outlaw Songwine \sent” 40 whtah -eecupsent “a0 15. Continent 11. Exclama- Ameri- STEINIS EE SIOITISI 5.30. p.m.—Bugs Bunny }11:15—For Consumers lth t bl as = 16. Primary tion ean 6.90 p.m.—Jungle Jim 11:20--Record: Albure Sere cere (eee ee eee color 15. Islet group: Yesterdiy’s Answer 6.30 p.m.—News, Weather and 1186 The “Archers indome from other sources. 17.Evergrea 17. European abbr. 35. Hebrew

Sports iuakcte Wor A Hoare: |, On the . productivity. on thé! 48, French thrush 29. Mast measure 7-00 p.m.—Musical, Showcase Henao inincesIGnenOn:. |farme themselves, the study pronoun 20. Name 30. Tapestry 36. Capital of 7.30 p.m.—Ripcord 12:15—Boy Meets Girl ; | discloses that in 1958 almost 19. Debtee 21. Rodent B1. Irish poet Latvia 8.00 p.m.—3's Musie | 12:300-Maritime.-Farm - B/Cast jone-third of all. farm products} 22.Endow ~24. Reno and 38. Familiar . fe! P-m.—Pefticoat Junction iy Se aia ud Weathee ae eee coy sag from! 23, John —— native’ novelist verts

00 _p.m.—The Great War, =5—Reg-Time only 89 per cen = arms. Garner

9.30 p.m.—Talent Scout id: ne |At the other end’’of the scale,} 27. Desk

1:45—The Open Road Show 1:59—D.O. Time Signal : 2.00—The Open Road Show 2:45—Talks from the BBC... 3:00—CBC News

jalmost 25 per cent of the farms |had sales of under $2,000 a year jand among them accounted for ‘only 26 per cent of national! ~

» 10.30 p.m:—Gideon’s Way 11.30 p.m.—News Magazine : 12.00 p.m.—CBC National News i 1245 -em—Vviewpotir

sf 12.20.m.—Lionel Network News | 3-03—T Canada Mati | sales.- : 12.25 a.m.—Station Sign Off eee ee | The 1958-national average for 4:03—Canadian Roundup ~~ jMet_ -farm income _.was only|_ - =a GRCY eee A: ~ 90,944, hanging from $1,086 in ee oe 8.00—Mar. Fish B’Cast ithe Maritimes to $3,278 in Al- TUESDAY - 5.20—Jempo lberta. Only 14 pér cent of $30— CBC Note Book |Maritime farmers and 22 per! eos ond: Woethes | 6:00eCBC News cent of those in Quebec had net!

$.35—Morning Roundup

‘ 6.45—Island Weather, Mar. T, 6.46—Morning Roundup ae 6.55—News and Weather 7:.00—Hebrew Christian Hour 7.15—Morning Roundup 7.30—News and Weather 7.35—Farm Report | 8.00—Assignment 7.41—Morning Roundup | 8:30—Continental Holiday 7.45—Island Weather, Mar. Temp. | 9.00—Remembers This 7.46—Morning Roundup 10.00—CBC National News. On Par- 7-56—Sports Capsule & Scoreboard liament Hill and Speaking 8.01—News Personally

| 6:15—On Parliament Hill 6:20—Today’s Editorial 6:25—Inland - Weather

| Scores 4.30—Business Burometer ~@35—Music In The Evening 7.30—Christian Frontiers

farm incomes of $2,500 or more

in the survey year. r J Sports Another statistical yardstick! i—the farm operator’s personal! - labor return on his own capital | | —Showed even greater discrep- jancies. The -national average was $1,202, but the figure went as high as $9,821 for those with farm sales of $25,000°or more. | ‘However, a full 20-per -cent ‘of | farm’ operators showed no pefe! sonal labor return whatsoever |

and

8-10

ie 11—Weather 30:39—Couchiching Conference | thei ; . ; ie : 8.16—Morning Roundup- ~~ ~~ 11}.30—-Presenting Michele Legrand 1 ag a -because_of DAILY CRYPTOQUOTE — Here's how. to work it: J-JEREMIAH...W-WHY DIDN'T 8.45—Weather 112-00—CBC—News - * AXYDLBAAXE YOU ANSWER MY L-LETTERS...

fs LONGFELLOW One letter simply stands for another. In this sample A is used | for the three L's, X for the twa O's, etc. Single letters, apos- trophies, the length and form&tion of the words are all hints.

|COULDN’T ‘PAY WAGES “This was particularly true in the Maritimes and Quebec,”

8.5S0—Atiantic News Roundup 8 58—Thought For Today - 9 00—News & Voice Reports O11 = Preview Commentary 9.16—Notes and Music

|12.03—Sports ‘Scores, Inland and W-WERE YOU S-SICK 2 | Marine Weather

12:15—Musi¢ In The Night

VNoo Vd 30fr

11.40—Bulletin Board East dealer. , When.the ten of spades now| ORL ZTERO OU YL RTD UBS 11.50—Notes’ end Music Neither side vulnerable. icomes back, you begin to real- | os

11.55—Atlantic News Roundup NORTH ize that there ‘s-at least some) 099#UD vibe oo ee aoe eo

.. 12.00—Westher 354 ,doubt about making nine tricks. Yesterday's Cryptoquote: PEOPLE WILL BUY ANYTHING Swcet ae ae 65 The four club tricks you ‘assum-} — THATS ONE TO A CUSTOMER.—SINCLAIR LEWIS

12.30—News and Weather T9T6 ed at the start are easier to ;

‘ 1.00—News -end Weather BAII2 1 " is | : 1.05 WEST mast , If you cash the K-Q, there is, } ‘scar end Country Time A to entry to dummy for the A-J, | AR i¢ Yecwnare Oy top | ges09 grax 4 (SIC sou cam te. king and OUR BOARDING HOUSE MAJOR HOOPLE Gj : == {then overtake the queen with the) . saan a @ 21088 yay @ jace in order to Gash the jack, | - TVE GOT News \ (How wcicey ULADS &l @ 1 hoty Moe | Sts Mesa lyou make only three club tries | Soh ih ance abe ie enenencey 3.03—Trans-Canada Matinee unless the ten happens to fall 16 ONE OF MY HoBeIES! ge ; 3.30—Tops In Pops @AQ6 on the first three club leads. w 4 00—News Headlines and Weather @WAl073 _«'In the actual hand, it does not, | 4.03—Canadian Roundup @AK42 | and you wind up going down one, 410—Tops In Pops &KQ |assuming best defense. 5.00—News end Weather The bidding: ‘ The aa age es the | | ; oda we a — Se egy Boa i. quanas | §.25—Marine eather Pass 2NT Pass 3NT S y | jwith the six. It would have been

5 28—The Outports

. 6.00—News and Weather 6.15—On Parliament Hill 6.20—Today’s Editorial 6.25—Sports Parade 6.30—Business Barometer 6.35—Tonight’s Music

*7.00—Back to the Bible 7.30—News and Weather 7. 45—Proqram § Schédule

|Opening lead — three of dia- better to win the trick with the |monds. = lace. You could then cash the K- | The hasty play im -bridge -is |Q of clubs, play the king of dia- ‘roughly analogous to thé old|monds, and continue with a dia- . ‘saw about marrying in haste | mond, thus forcing your way In- | and repenting at leisure. to dummy to cash the A-J Let's say you're. declarer atjclubs. You wotild then have nine’ ithree:notrump and West leads a tricks without batting an eye-! ‘diamomi: You win the trick in lash. .

WHAT DO YOU THINK YOU RE DOING?

7 44—Lore Guide Program &.00—Assignment z £.58—News Headlines and Weather 9 a—Christian Frontiers 9.30—Choirs in Concert 10.00—CBC Nat. News, On Parlie ment Hill and Speaking Personally 10.30—Music Scene s 11.00—News ened Regional Weather Vi05—Starliaht Serenade

. Spade, a heart, three diamonds able if you stop to plan the play |

|dummy with the six, and. when Actually, winning the first | you count your high-card tricks, trick with the ace or king of} you see thaf they include a diamonds |. altogether reason- |

and four clubs. : *'of the entire hand the moment | Lulled by this sense of secur- dummy comes down., But if you lity into thinking there are nine | play hastily tothe first trick and ‘easy tricks, you take a spade fi- win it with the six, you have the! inesse at trick two, losing the) rest of the hand to repent at louean te the kine _ ecemae,

v

WaNgsv 4.1

sa

2 «