+3

Covers Prince Edwerd Island Like The Dew _ WJ. Hancox, Publisher - Wallace Ward Frank Walker “Managing Editer Editor

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monwealth Not over 10e single copy. * ae Merrber Audit Bureau of Circulation. PAGE 4 FRIDAY, SEPTEMBER 16, 1966

——

What Can It Mean?

While, as Premier Campbell says, our Island hopes have been shattered by the new equalization formula pro- posed by the Pearson government at the tax conference at Ottawa this week, he must be grieving as. well at the apparent indifference of Liberal governments in the other Atlantic provinces to the treatment we have been accorded. Premier Smallwood, though he didn’t bother to attend the conference, has expressed ‘com- plete satisfaction” with the propos- als, while Mr: DesBrisay, finance and industry. minister in the Robichaud government-of New Brunswick says they constitute “a giant step in help- ing all Canadians to benefit from reasonable health, education and wel- fare services.” It would ‘seem that if we are going to fight for our rights in this matter, we shall have to do it alone. ~ —e

It looks, indeed, like a concerted effort to ignore our existence as a partner in Confederation. And how

account for the assurance Finance — Minister Sharp gave in. his policy

statement on Tuesday night, as the— conference was about to open? The Canadian Press quoted him as saying that the poorer provinces would get ' an extra $140,000,000 this year under his revamped formula. This represented a “fundamental reform” of equalization payments needed to’ redistribute wealth between the have and have-not provitices: Payments would vary automatically from year to year in line with each province's total_revenues, tax rates and popu- lation, but the -basic concept -of fis- cal need would prevail.

The underlying principle, Sharp emphasized, was that’ Ottawa should enable each province to pro-

v

vide adequate public services with-.

out having to impose taxes substan- tially higher than those in other prov- inces. The new formula would not be like those Atlantic adjustment _ grants which the Viefenbaker gov- ernment introduced and which have

been our sheet-anchor in recent

“~“years—-fio, these were to be abolish- - ed as obsolete and would be replaced —

By a formula which woult~ yield “steadily-rising payments” to poorer provinces when Canadian production and income levels climb.

It sounded fine. Premier Camp- bell must have figured that the extra $7.900.000 he needs to implement his election pledges was practically in the bag. Then came the rude awaken- ing' Not even the wretched $400.000

increase he thought was being offer- °

ed to‘us at first, but a beggarly figure, pared: down to half that amount. :

It is hard to figure out this treat- ment on any reasonable basis.

Back To Tenant Farming What has been hailed as a bold

‘new departure-has been launched in.

Soviet Russia. It would amount to a new kind of state socialist tenant “system, and be a big step. forward toward restoring a personal relation-

ship between’ the farmer and the |

land For the time being the experi- ment, under which “each field is to

have its own hushandman,” is limit-* |

-ed to the huge Trud state farm in ‘Volgograd (formerly Staling rad) Province.

In the past, according to‘a Soviet spress correspondent, each tract of ‘land had many “masters” and no one -was fully responsible. One group did -the plowing, another one the sowing,

-ta third one -tendedthe~ fields; “a _fourth group was in charge of har- “vesting. People were shifted around, -and no one: had a personal relation- iship to the land. i During his last two years in office ‘former Premier Khruschev often “spoke of a “depersonalization of : farm work '. . The peasant does not “love the land any more,” he com- plained. He came up with a proposal

of one-man. responsibility for the land, which, however, he never im- plemented before ‘his ‘fall. Then, in August of. last vear, experiments began in this direction.

An agronomist. V. Zhulin, sug- gested that half a dozen peasants or farm workers should be entrusted with a piece of “socialist” farmland for 20 or 30 years. These small ten-. ant cooperatives were to be strictly voluntary. The experiment remained limited to a few farms. in west Si- beria. It smacked of.a return to small peasant farming and seems to .have mét with party opposition. Under the new system tried out in Volgo- grad Province. 10 ‘“mechanizers” have been entrusted with about 1,000 acres each. A “mechanizer” is the man responsible for. tractors, harves- ters, combines. etc.—in other words, ‘a highly qualified farm mechanic. Each is to be continuously in charge of the same 1,000. acres. As his har- | vest increases, his ‘earnings are to | go up. Hie |. As the ‘Soviets see it. the state } farm retains exclusive and full own- | ership of the land. but the job of the | mechanizer is arranged in such a way | that each one works only on the ' acres entrusted to him. The harvest + belongs to the state farm, but each mechanizer is paid in proportion to what he brings in. Officially the ‘~system is ‘called a new division of ‘ labor. But_if the state farm lives up “to its commitment. this is merely a

theorétical device to avoid the ap-—

pearance of a redistribution of land

or of the revival of individual farm-

ing. It wouldn't do, of course. for the

_Soviet top brass to.admit. that it ts

restoring # System it spent so much _ of its revolutionarv fervor in wiping Ge. ee as

_ Never-Ending Battle.

Another warning has been sound- ed on the subject of pollution control. Many municipalities now have, or are planning, sewage treatment meas- ures. This aspect of the problem is ' at last receiving attention. But sew- age, it turns out;-is among the least. of the pollutants. There are others much harder to control because they | Yesult from so many diverse sources. Senator: Edmund Muskie, of Maine, told a recent International Water Supply symposium that a whole new

Mr.

.-80 per cent of the Canada’s cost would be proportionate.

breed of dangerous and hard-to-trace— pollutants are building up.

~These include fertilizers, herbl- cides, fungicides, irrigation residues, detergents, radioactive wastes, and

+~road salts. Some idea of the magni-

tude of the problem was given by Senator Muskie’s estimate that in the United States by 1972 it will cost a minimum of $20,000. million to pro- vide secondary treatment systems for population.

One factor stressed by the speak-

- er, who is chairman of the Senate Subcommittee on: Air and Water Pol- lution, is that while the water pol- lution problem is shared by the U.S. __and_Canada,. the. International Joint

have relied for half a century. has authority only to recommend abate- ment measures; it lacks the enforce- ment legislation it must. have.

A measure to give the IJC these powers has been passed by the U-S. Senate. Similar action. must come from’Ottawa if the war on pollution is ever to be won.

Such Language!

China has denounced Canada, Britain dnd India as vicious. scound- rels serving the United States in the- Viet Nam war. Urged by the United

’ States, says the Chinese Communist Party paper People’s Daily, the Brit- ish government and the Indian and Canadian members.of the Interna- tional Control Commission in Laos have put forward an “absolute lie” about the presence of North Viet- namese troops in Laos, the purpose being to create a pretext for troops of “U.S. imperialism and its lackeys” to expand the war in Indo-China.

| Having. thus degenerated into

Yankee: tools, these powers have lost

“all right to carry on any legal activ-

ity.”

That’s pretty severe. But by com- parison it’s neighborly chit-chat to

- what the Same Chinese Communist paper is saying about its former pals,

| the Soviet leaders. .These ‘termites | of the working class and scum in the revolutionary ranks,’ as it calls

| it would seem. They are, among other things. a ‘bunch :of scabs,” “renegades” and ‘‘the No. 1 accomp- lice of murderous robbers.” After that, it comes. as something of an anticlimax to read that China will “never take united action with them.” One would have _ thought, from the buildup. that a declaration ; Of war was being prepared!

‘The Liberal government = is seeking a-whipping boy to blame fer the récent record inflation and the imminent bigger price _boosts. These are. not unreas- onably, being attributed in part to Liberal policies.

This chosen whipping boy 1!s advertising Liberal speakers pressed this argument during last week's debate on inflation.

Their general theme was that

advertising is responsible for in-

flation, because it exercises a compulsion on Canadians to buy to things we don't really need—thus boosting demand and incidentally forcing us into debt.

This doctrine was first ex- pounded by’ Prime Minister Pearson's former™policy plan- ner, a-mystery man new to Parliament. Hill named Kent. At

“ Commission on which the two nations °

the.Liberal party's ‘thinkers conférence” at Kingston in 1960, Kent delivered his advocacy that the. Liberals move far to the ‘left into the penumbra of so- ~cialism. j BIG BROTHER SCOLDS YOU In: part he said: ‘Business is now engaged in a gigantic effort

| to tell the community what to

want. In the process it gives every, possible encouragement to inflationary forces generally. By .stimulatmg ‘‘unimportant wants", business increases the reluctance of people to satisfy their far more important col- lective wants, for schools and the rest."

This is a crime in the eyes of the new left wing: that any Can- adian would- sooner spend his money on articles of his choice, rather than pay it in taxes to the government which could -thus afford bigger statism.

“Kent's suggested’ remedy for this was that all advertising should be taxed; or more exact- ly, that advertising and mer. chandising expenditures by busi- mess should not be allowed as deductible expenses when cal- culating income tax payable.

“If we did reduce advertis- ing,’’ Kent disarmngly revealed “it would thereby become eas- fer to raise existing taxes on consumption "' In other words, if-Johnny Canuck was not en- couraged by advertising to spend his money on meeting his “unimportant wants’’, he would have more money available to Pay even higher tax bills—woth- out being forced into, starvation.

This theme was developed ‘by Liberal MPs in. last week's de- bate. Steve Otto, of Tor onto, said: ‘‘Today the consumer does ‘not exercise his own demand as to how he wili spend his earn- ings and what goods he will buy. The supplier controls the demand through the powerful medium of advertising, using psychological promotion, televis- ion and every conceivable emo.

Our Yesterdays

(From The Guardian Files)

(September 16, 1941)

The Transportation Commis- sion of the Maritime Board of Trade was informed that Trans- Canada Air Lines will withdraw their service between Moncton and Charlottetown and Summer-

them. are outside the-pale,altogether, ©

mn } Bureau.

side, P.E.I,, effective about mid- October. and that

recently organized by Burke, former Canadian Air- | ways pilot now connected with | the ferry command of the Royal | Air Force.

eel

TEN YEARS AGO (September 16, 1956)

+-policey;—ruling—out-—force-but -re-

maining adamant against Egyp- |

tian demands for absolute rule over Suez Canal traffic.

During the months of July and August the number of tourists to

| visit Prince Edward Island ex- | ceeded the total population ac- | cording to figures by Mr. George | Fraser, director of the Travel

TWENTY - FIVE YEARS AGO,

the service: will be taken over by a company ‘. C.E. }

There is a shift in Western |

~*~ NEW DESIGN FOR CANADIAN DOLLAR | OTTAWA REPORT by Patrick Nicholson.

Seeks Whipping Boy For Faulty Policies

tional method to try to get peo ple to buy goods." Fi atte LESS GOODS—MORE TAXES

Choquette of Quebec City as saying: ‘ ‘The poverty in this country is due in large measure to over-; advertising: People spend money on - should not buy, but they are in- fluenced to do so by television advertising. The situation has reached thé point where people

afford.”

Choquette himself added: ‘To- day's concept of commercial ad- vertising exercises a detrimen- tal influence through—the media of the radio, TV and the press. One wonders—how the demand can be so excessive and how prices can increase 80 exorbit- antly.-We should inquire into | os part played by commercial

—-

advertising, for it is..ebvious thatthe. masses are constantly urged by commercial advertis- ing to buy. goods which they cannot afford, by ghree obvious

things they-

are buying more than they can |

bie “

techniques. First, they are mag-| lie enticements; another techni- que is their trading upon peo-

One speaker quoted Liberal A. | ple’s vanity; another. method !8 the ears are kept clean and dry.

i to stress the low cost of the pro- duct.” There is some reason behind Choquette’s argument; but ~ he should not overlook the fact that he himself and: his ‘party— like- all politicians— have themselv- es made good use of ‘magic en- | ticements” at election times. | With Finance Minister Sharp ;now planning even higher taxa- » tion— on_top-of his 9.5 per cent boost in income tax two months ;ago— and with provincial gov- }ernments also demanding —high- jer income taxes, one can sense what is in the mind of these Lib- }eral speakers. If Canadians

| could be forced to‘ spend ‘less on | “unimportant want at we

| could be muleted of higher_tax- ;é@s. This image conjures up the ‘drab’ picture of lifé in Poland, through thd eyes of Bryce Mac- kasey MP,. which I-recently-de- scribed in this column.

Tourist Expansion-Planning

_ Moncton Times.

~According to a paper. submit- | ted to the Canadian Good Roads Association, the highway link across. | will, when completed, ‘lead to ‘a dramatic increase in tourist | travel." The paper — reported that 1,000,000 persons in 1963 vis- | ited P.E.I. National Park. It con- | tinued: “and with completion | of the crossing it is estimated | that this will increase to 3.000,- /000 by 1975 and exceed 4,000,000 by 199t:*”= ee disaaaneicioiishon ates plscbisiis

These figures are exciting in- deed. The tourist industry is of vital importance to the Mari- times and it is reasonable to suppose that a considerable per- centage of the estimated in- crease would embrace tourists

get to P.E.I. tourists using the new crossing would have to pass ‘| through New Brunswick, it is | clear that this province will also benefit

The so-called mini-skirt actu- ally isn't a skirt at all but mere- ly a fringe benefit to allow | girls to wear shorts every day | in all places.

The abbreviated does not contribute to the grace | of otherwise graceful girls. | Watch a young girl sit down in | Shorts, a bathing suit or slacks | and she sits naturally and at

ease i

But in a mini-skirt, she | Swings her knees to the side and j tugs at the hem of the sk irt | which hardly possesses enough | material to.cover a postage stamp ’

Tt {sn't -often that Canadians have cause to rejoice over a piece of domestic legislation passed by the U.S. Congress

But we can certainly welcome ithe bill passed yesterday which |sets safety standards for the _U.S. motor industry.

This bill is the fruit of vears fof effort by a small devoted |group of American who ‘believed deaths and “crippl- ing injuries on the highways could be reduced if cars were |designed to minimize the shock to the occupants in accidents.

It will require all new motor cars offered for sale in the Uni- ited States, beginning with the 1968 models, to include as stand- ard equipment a number of saf- ety features including seat |belts, recessed instrument pan- els, safety door latches, roll bars, dual brake systems, col- ‘lapsible steering columns and exhaust systems designed to re-

Northumberland Strait.

from outside the region. Since to.

‘okirt! |

scientists

There have been noises made in federal circles to the effect that Atlantic area tourist facili- ties may receive federal aid; be-. ing treated as an industry like any other. Such aid would be of

definite benefit in enabling those |

in the tourist’ industry to take |the necessary steps to provide the. highest possible calibre of facilities.

There is nothing like being prepared. and it is clear that the "provincial and federal authori- | ties should be getting together | now on this matter. Time moves | Swiftly. and, batring unforeseen

difficulties, it really will, not be

The time to plan for tomorrow is

' today. :

Fringe Benefits For Girls

Chatham Daily News

| She appears to be conscious of | the scantiness of her attire with | a resultant mental reaction of | extreme self-consciousness.

Safer Cars On Way?

Toronto.Daily Star ¥ @ ..

| duce the amount of poisonous by- Products spewed into the atmos- | phere : With these !mprovements the j ordinary family, car will still fall |far short of the “safety care’ \designed by engineers. But the ‘driver and passengers should have a far better chance. of sur- }viving an accident. They. will no Jonger _ be. In ‘acute danger of being

|out of the car (the largest single | crushed or |

|cause of deat..s), | speared__by. projecting _instru- | ments or impaled on rigid steer- |ing colamns.

After 1968, a great many peo- ple will probably walk away ifrom erashes who would have ibeen killed or crippled in to. day's cars. ‘

FEEL THAT POWER Plants generate electricity: a

bean sprout generates One ten- |

billoith of a watt

‘|where wax and dirt accumulate.

_|by bacteria or fungi. Bacteria,

_ pease,

“beortisone-like

4 i

thrown |

Ear Canal Disorders |

By Dr. Theodore R. Van Dellen

Disorders of the outer ear canal never cause death or in- capacity. They can be extreme- ly painful but more often are

“plain aggravating.” The in- flamed membrane itches, the discharge is messy, and there

may be aching, soreness, and a feeling of fullness. The canal is a blind alley

Infection of the canal (external otitis) usually follows an injury especially when the lining mem- brane is scratched or weakened. Many persons unconsciously ‘rub or scratch the part with a fing- ernail; others attack it with a paper clip, hair pin, or toothpick. Now and then, itching and ooz-

nail polish, wave set lotion, nic- kel or plastic spectacle frames. or feather pillows.

External] otitis may be caused

such as staphylococci, pyocya- neus or streptococci; are more common offenders in temperate zonds; whereas fungi are found most often among those living in the tropics. Swimmer'’s ear, a form of external otitis, occurs to individuals who get contamin- ated water in the ear. The wax in the ear absorbs water which in turn macerates the skin of the canal and paves the way for bacterial invasion :

In the acute form of the dis-. the canal is swollen and may be so tender to the touch that the physician cannot exam- ine the inflamed area. In chron- ie external otitis, itchiness’ rath- er than pain. is-the most com- mon manifestation. The.victim welcomes an examination espe- cially when the physician cleans away the wax. scales, and purul- ;ent discharge.

The disorder can be treated ‘with a variety. of antibiotics and products. . These are. frequently combined. with The mixture ‘can be inserted. in- to the ear with a dropper or bet- | ter; applied to a wick that is sa- jturated with. the medicine and jgently pushed into the canal. |Best results are obtained when

TIRED HEART ¥. J. writes: What is- meant by an electrocardiogram that |states: some myocardial dam-

age? * z : REPLY

This tracing indicates that the heart is not so young as it used to be. These internal chan- ges go along with outward signs of aging such as- graying or thin- ning of the hair and wrinkling of the skin

FOOD AND ARTHRITIS

Mrs. A.W.- writes: Will eating jtoo many starches and sweets ‘lead to: arthritis? | _ REPLY. -'

No, these foods have nothing to do with arthritis. On the oth- er hand, they are loaded with jcalories, and if they lead to foverweight will aggravate ex- \tsting arthritis, of the weight- jbearing joints ‘knees, back, and hips’. es =e

HEART ATTACKS

F. L. I. writes: What causes heart attacks: What one eats or what one thinks? |

REPLY A little of both. Those who

ing are an allergic reaction to |

NOTES BY THE WAY

~ - “What's that - prima donna

| angry about?'’ ‘‘Oh, some well- meaning critic said she sang like a n. The only siren is

the whistle they use on a steam- boat.” ~, Galt Reporter.

An Indian had just ordered a ham sandwich at a restaurant and was peering between the slices of bread when he turned and said to the waiter: “You slice ‘em ham?"’. The waiter re- plied: “Yes 1 sliced the ham.” Retorted the Indian: ‘You darn near miss ‘em!''— Montreal Star. — ‘

“Now, William’ questioned teacher during- the geography lesson, “how do you’ know that the world is round and hangs un- supported in ? How can you prove it?” ‘‘Well, teacher, I don't have to prove it,” replied William, *'I never said it was’’.

—_ a Province. : If someone would only invent

an alarm’ clock which would emit the smell of frying bacon instead of ringing a bell. — St, Catherines Standard.

Anybody who knows that soup gets thinner when water is add- ed should be able to understand what causes inflation. — Guelph Mercury. .

“Really, Mary, you might at least see that the -plates are clean.” ‘‘Well, mum, I owns to them thumb. marks, but that dried mustard was there afore I come."’ -— Montreal Star.

|

‘Americans are said to be find ing it hard to believe these da that. one of the reasons the country was founded was to a void taxation. — Ottawa Jour, nal. :

-

Consider Norway, where the I

to guarantee a tour-week annual holiday for housewives. When a housewife gets fed up with her lot, she calls the local branch of the Housewives Relief which sends over an “acceptable” sub- stitute to. fill in for her.- We're | all for easing housewives’ chores one way or another, but in this case something seems to have been overlooked. Namely, what happens to.the housewife's sense of security if hubby finds tip» substitute is not just acceptable but superior? — Leamingtoa Post News. ;

A pathologist ‘says-loneliness is an increasing problem. And everybody knows about the population explosion. Thus the world may be in danger of be

coming ' crowded with lonely people. — Kitchener Waterloe Record.

A kibitzer 1s someone wh e- | likes to be on the outside talking lin — Hamilton Spectator.

Canadian Press

WASHINGTON (CP) — From ; the time the United States be- gan its major manpower expan- sion in Viet Nam early -in 1965, there has heen debate in the country. on just how far its re-

Police work. 4 ; Reservations, although cen- tred initially among the critics of the large-scale American in- tervention, now -have spread to some of the voices. mpst hawk- ish on Viet Nam. : One reason is that the end of the war, and of the American buildup, is not in sight despite U.S. battle=deaths of nearly 5,000, a daily bill at this stage of about $32,000,000. and troop

commitments surpassing the 300,000 mark. _Further, as State Secretary

Dean Rusk: told a congressional committee recently, the United States has some 40 defence pacts-around the world, In any case, ‘no would-be aggressor should suppose that the absence of a defence treaty, congres- siona] declaration or US! mili- tary presence... grants immunity to aggression,”. Rusk declared.

RUSK QUESTIONED | Rusk, a8 @ consequence, was

| recalled for further questioning, | jled- by Democratic Senators

PUBLIC FORUM

carry the burdens of the world | }on their shoulders are popular |

|candidates and eating excessive- jb

‘ly of animal fats raises the

Fhis colame ts epen te the discussion

eorrespendents of questions of in terest. The Guardian does not neces-

| sarily endorse the opinion of corres.

| cholesterol level and invites pendents. All letters published are sub-

early hardening of the coronary | arteries.

| SENSATION OF WARMTH | Mrs. G. G. writes:. What 1s ithe difference between fever and hot flashes? . | - REPLY

| The hot flash represents tem- porary dilation of the skin cap- |

Hilaries: But there is no actual | Why was” “the "Shaw Centre” | changed for any other name. It

increase in body temperature as occurs in fever. TODAY’S HEALTH BINT—

Do not discuss disturbing top- | ies at the dinner table.

(NOTE: All correspondence to Dr. Van Dellen should be addressed te: Dr. Theodore Van Dellen, co Chicago Trib- une, Chicago, Illinois.)

, EDTIRO GETS POST

PLAINFIELD, Vt. (AP)—The founder of Canada's largest cir- culating quarterly has been ap- pointed to the faculty at God. dard College as ani ‘instructor in French comparative culture. He is Dimitrios Roussopoulos of Montreal, editor-in-chief of the publication Our Generation.

RABBITS SPREAD FIRE LISBON (Reuters) — Rabbits fleeing from the flames with their furo.n fire were accused of helping spread a devastating forest fire at Sintra Mountain, a famed Portuguese forest resort 37 miles from here. The fire was raging Thursday starting Tuesday.

oe

on 5 E s 2 :

insurance Ceunselling

Charlottetown, P.E.I. Phone 4-8817 - 45435

y 3 : i

o02e¢ +ooee

THE

| y Jean Dixon

|

By Ludovie Kennedy

| ° Confederation Plaza

after |

oo

Jeet to editing ard condensation where meeessary. The Guardian enter inte any correspondence regard- ing letters submitted.

BLOW TO PARTY Sir.— On reading The Guard- ian of Friday, Sept. 9, I was. amazed at one of the articles.

is incredible that any political party could be quite s0 small and petty. Down through the years my family have been Liberal; but how can men like this function in-our: government? It is surely a blow to the Liberal party. I feel that the instigator of this despicable should be asked to resign. have known Walier Shaw for

found him, what he is, a gentle- man.

|

T am, Sir, ete., ALEX M. McLEAN Hampton, P.E.I. A DASH DOES IT Some Australian farmers

fold by adding one ounce of molybdenum . per acre of soil.

; “Faith

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Charlottetown

sources can be spread in global |

is unable te |

transaction | We |

many years, and have always |

have increased production ten- | S : APPEARING THIS WEEK

popular singer ALSO DANCING TO

| “Les Alexander and The Smoothies”

\ THE HORSE AND SULKY CLUB'S

GRANADA

NOW IN PAPERBACK AT “CARD SHOP”

"A Gift of Phophecy” ‘| By Daphne du Maurier | "The Glass-Blowers"

~~~ $tilENo End In Sight ~

By Arch MacKenzie

Staff, Washington

_John Stennis, Mississipp!. . and - | Stuart Symington, Missouri, whe | displayed uneasiness despite their’ records of firm support |for what the United States has | béen doing in Viet Nam.

| there.

President Johnson @ p p @ 8- |ed Mansfield’s. suggestion on | grounds that it would encourage | Britain to start paring its army- j}of the. Rhine “at a faster-than- desired pace, deprive the West - | of . disarmament bargaining power with the Soviet Union, and inflame West German fears jabout being left in the lurch: Mansfield -has delayed . action , accordingly. : : -FEAR INFLATION

But much more than the avail- ability of American military | manpower -{s involved. Rising Finflation is a—factor. | Symington, Stennis and others | also are worried about the do!- ‘lar drain, so magnified by the Vietnamese war that the United | States has virtually written off ; its campaign to trim this out-

| pouring. The -Unied States, in a psy- chologically vital stand prom:

‘ises to redeem every outstand- ing American dollar for its | equivalent in gold. Franee, West |Germany and others have been |eashing in steadily. i : The declining U.S. gold stocke of about $13.300,000,000 could be | confronted, in theory, by shorts |term foreign holdings of Amerb

-}ean dollars totalling some $27,.

| Meanwhile, the U.S. trade sur- -plus-is-.shrinking:-because~-waf =~" | inspired prosperity -at home. is |Tunning up the bill for imported.

| goods. :

We Trade

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