| 12 Tie Guardian, CBartottetow!, Tues. are TB THR,

Hopeful Aspects Continue *. in Recent Economic News |=

By FORBES RHUDE

Canadian Press Business Editor

Forecasts of increased capital investment, a move freer trade, and a sober look at government finances were prin- cipal items in the week's eco- nomic

Adding substance to the more hopeful aspects of over-all pro- jections was a continuing run of individual announcements of new or expanded enterprises,

towards |

nomic advance is not main-| tained, took encouragement from the slightly better Ameri-

can news and ended the week | 000.

on the rise, though without much enthusiasm.

INVESTMENT 1S HIGHER

On the Canadian front, a sur- vey by the department of trade and commerce made late la: year indicates capital invest ment this year of $8,596,000,000,

=e me an wey = open up. Oon the import they are seem to any substantial Canadian inter- est.

eee awe far- seasons on ~

request

hae ‘arificutting powers.

(= SEARCHING LOOK ernment finances were Of the predicted total, busi-| given a searching look by the ness investment is expected to|Canadian Tax Foundation, | be up 2.3 per cent at $4,727,000,- watins ssearted independent tax

rel

The freer - trade development | nual “federal budget was a series of tariff - cutting | outlook’’ predicts agreements made by the United cit for the fiscal year ending | States with 24 countries, includ- Bere ot around $810,000,000, | ie Cane cast in last June's budget. Fo AS MINOR AFFECTS the fiscal year starting April 1, The immediate Canaaian-| on the basis of present tax rate Amer ‘an agree it foresees a deficit o 000,

a federal defi-

than fore- e | ear apprehensive, and govern-

weal meeting bach sald nt

Dufault Mines ill Sink Shaft

NORANDA, Que. (CP)—J. P. Millent

| Property are being initiated and| the company’s orel A | it ts expected shaft sinking | Mr. Millenbach said an est). will be well underway by next | mate of the ore contained in the ti ve sulphide body discoy. Speakin at the compan: | ered last autumn — based eee Ee RAMON? OO Oe ons 9 March tee | 000 in the current year. In addi- | %60 tion, about $1,500,000,000 in gov- | COPPer, 10.5 per cent zine, 3.4 | ernment securities will mature. pid silver and 0.04 ouncey aie will be a major financing | © ha. but bond circles do not ap-

bonds ome demand,

only about $12800,000, ‘ot “the 000, or about $109,000, 000 less $7,000,000,000 annual trade he-| than in the current yea Los the two countries, sees a possibility of a ‘eticit ree ever, it is only part of a wide- | $900,000 spread shaking down in tariff) However, the predicted Fates arising from the American | amount of the deficit doesn’t re- agreements, Under most - fa-| flect in full 1962's expected vored nation provisions all tar- | growth, because of customary iff cuts given to one country ap- | delay in receipts of corporation Plies to all others in the most- | income tax in times of increas- favored category, and this in-| ing earnings, cludes Canada. Adding beigetary and nol Nothing sensational is seen in| budgetary requirements for the the current agreements so far | coming fiscal year the Founda- | as Canada is concerned, but ft tion forecasts government cash | will take some time to assess | needs at $1,300, more, | their effects and the opportuni-| compared with about $1,000,000,

From across the border came indications that reports of the early - year hesitation in the

merit advance may hav been exaggerated, even if the current advance falls consider- ably short of being boom-like.

Stock markets, vulnerable at Present high levels if the eco-

or six per cent more than in 1961,

Capital investment includes everything that is added to the country’s physical equipment by | individuals, business and gov: ernments — including houses, business. premises, indus- trial plants, schools, hospitals and so on It was probably the most dynamic force behind Ca- nadian post-war expansion its expected pick-up, after a few years of doldrums and de- crease, may have more signifi- cance than the actual Increase indicates,

Reward the winning team with a suitable trophy

King’s and Queens County Jails,

ta

121 Grafton

ing @ fast service on engra (d) Town of Summerside pri- ing

sSoners were provided with meals which were later paid for by the ‘Town.

@ club discounts

fashion says

“C’est Si Bon

OLD TIMERS SET FOR START OF GAME eee0o

id time hockey players | support of the Rotary Club’s | ky) Whitlock (right). Centre from Charlottetown plaved an | crippled children's fund. Seen |: is this year’s Timmy, Vincent pees a li aN eer on es exhibition game 1ast night at | here prior to the game are | Court of Bedford, who drop- In French it’s “Si Bon”... the Italians say “Bellissimo” ... and we know the Sports Arena with the | two old timers, Murray Car- ped the puck to start the a a ; ‘ mn PW inian Wraiivien is’ |i seieent often Jobe, Coa | game tse alsa anor peme) you will say “These are just the fashions | want for Spring ‘62 ‘

if “tyes” who supplied the

exciting, charming, all-new styles . . . each one a precious favorite in fashion created to please every woman . . . strikingly refreshing absolutely stunning!

Answers To Questions Given! «<',” cal ake By Gov't In Legislature

and hoes ete.? What became of this pro- 2 tabled| ray, 31 bus. potatoes at 75 ¢ per bag. 62 bus. potatoes at 85 ¢

(5) Did the department of health buy these vegetables? (6) If “yes” were the current market prices paid? AN:

Answers to questions in the legislature: ag, HORSE RACE BETTING | per bag. 69 bus. potatoes at $1.00 H. P. Smith asked the teader per bag, 50 bus. potatoes at $1.35 of the government: per bag. 37 bus. potatoes at $i.50 (1) How many days horse per bag; Lloyd Vessey, 112 bus. racing were held in Charlotte- | potatoes at .90 c per bag. 50 bus. town in the year 1960? potatoes at .95 ¢ per bag. 81 (2) How many days horse bus, potatoes at $1.05 per bag racing were held in Charlotte- 400 bus. potatoes at $1.10 per bag.

re oe Ladies’ better Spring Coats ANSWERS .

1. Yes; 2. Riverside Hospital; 3. Riverside Hospital and depart- ment of agriculture; 4. This produce was bought from the patients by the hospital; 5. Yes;

new luxury fabrics 4 new silhouettes nylon suede

town in the year 1961 9 bus. potatoes at $1.25 per bag. 6. Yes. (3). How many days horse 62 bus. potatos at $1.35 _ per PRISON MEALS ‘. Gi racing were held in Summ4:side ha Detatoes ‘at, $100] /\0. Cl maker taaked tthe Aor new selections oves

in the years 1960-196 bus ney-General (4) (a) What were the rate $1.50 per ie 5 a 1) Were meals from restaur- receipts for each area in 1960? ants or other eating places

(b) What were the rate receipts Quaid, 12 bus. poiatocs at $1.50 purchased by the provincial £0

famous names in soft

pastel colors

for each area in 1961 bag. ernment and supplied to prison- +++ featured on the front cover of the styled by Julius Kayser (5) What were the Parimutual 4, No. ers in jails since January Ist, o oe . — ye i 3 magazi Seventeen” percentages for each year? nosrrr AL COMMISSION | 1961 igazine venteen” for the month of to ears, your new spring en- (6) What was the amounts of Wergusoa paked the], (8) It tie answerito queation February, 1962. semble in the most ladylike the breaks which accrued to the| i "\cter of health its yen, ta), Give! location way... white, shell pink, pas-

. attractive all-new style for spring . . .’ wool tweed with the popular “A” line in- fluence... high rising with Empire seeming under hosom...slender, bracelet-length sleeves and the all-new stand-away collar

nizations? 1 ee tel sand, navy, black, tide, and

turquoise.

only 1.98

How many members are| and name of jail or jails?

was the amounts Of there in the Hospital Services| (b) From whom were the

government tax fot Commission of Prince Edward | meals purchased?

1960-1961? Island? | (e) What was the dally cost (8) What was the amount of| °(9) po the rural areas in each| per prisoner per da:

prize money paid in each yeat?| county of Prince Edward Island| (a). Were any jailers,

mem-

ANSWERS have representation on the|bers of their families or other , i (1) 83 | Mabe! rereetees ceee cular peapesr t tvounst wicurisaeall «.. perfectly, beautifully designed for the z : (2) Bo (3) When was each member ap-| from the same source or sour- uni ise > in whi h | es aeen Giasaiae inh pe caer ] junior miss and petite lady in white, baby sneer ny on scarves

(4) (a) Summerside 4,409.40; | (4) What are the duties of ANSWERS blue and navy...sizes are 3 to 13 petites.

by Julius Kayser

Charlottetown 43,847.40 in 1960 each member? (1) Yes. “Lassie” (b) Summerside 8,609.50; Char-| (5) What salary are they; (2) (a) Kings County Jail, Beane lottetown 40,578.60 in 1961 paid? Georgetown, Queens County i

(5) 20 per cent allocated 14% ANSW! dail, Charlottetown; Prince only 39.95 beautifully dyed to match Percent to Racing Association;| (1) Five (2) Yes (3) Poon County Jail, Summerside. ¥% per cent to Receiver General | appointed March 26, 1959; (b) Mrs. Perey Henry onl K69. of Canada; 5 per cent to P.E.I.| appointed June 16, 1960; onal getown; Ment's Resta i : Government appointed Sept. 2, 1960; (4) AS| Charlottetown; Andy's Dow the all-purpose coat for Spring . . « with

6) Breakage — Summerside | set forth in the Hospital and | town Restaurant, Summersid the “well-tailored” look $385.80 -1960; Charlottetown $4,-| Diagnostic Services Insurance ) Cou $ 128.70 -1960; ‘Summerside $685.70 | Act. (5) 1 at $6,000; 1. at $2,500; another “Lassie” coat, of black and white

1961; Charlottetown $4,705.10 3 at $1,800, os 7

1 | _ RIVERSIDE PATIENTS tweed, piped with black around pocke' fl |

(7) 1960— $4,835. imissions| George J. Ferguson asked the half belt...sizes are 3 to 18 petite... oral ta pestry $32,621.60 Pari - Mutual. Tot-| minister of health: | i ii + a) $37,457.29; 1961— $4,918.81| (1) What was the average its well tailored detail long inverted pleat ‘ admissions — $38,079.10 Pari-| daily census (or number and exquisite styling indicate this will be a

mutual, Total $42,997.91 (8) Prize money 1960

patients) at Riverside and Hille (Paid| borough General Hospitals 1

“best seller” this Spring.

Handbags

yy Association) Summerside | 1961?

$11,150.00; Charlottetown $90,-| (2) Are the male and female| only 49.95

412.12; Prize money 1961 (Paid| patients, allowed to integrate | ji i by Association) merside | outside the confines of the nos- | by Julius Resnick $18,775.00; Charlottetown $93,- pital, but on hospital property? wil ”

450.00 3) Are the patients allowed | the ever-popular “Wilson’ ing coat. +o

INSTITUTION SUPPLIERS smooth-as-silk “French suede”—wool velour H. P. Smith asked the minis- ter of health: (1) Have any potatoes and) earrots been supplied to the fol-

lowing Institutions during year

|to wander off hospital proper- | ty?

(4) If the answer to question (2) is “yes,” are there attend- ants present?

(5) If the answer to question

only 7.95

++. “A” line accentuated with buttons taper- ing outwards (double breasted) ...an all- new attractively smooth finish to lovely

choose your most important fashion

ee 2 en areve ine b; | (2) is “no, bat velour cloth...narrow shoulders to em- = t iit jas verside and Hillsboro Hospi- NSWERS (am f ‘, accessory from our excellent selecti: tal (e) The Queens County Jail| 1. $98.1; 2. Yes, at the discre- phasize its fine styling... sizes are 6 to 16 sg ig (@) The Provincial Infirmary? | tion of the medical staff; 3. | in this most-wanted, all-new style for 1962, of fine, taffeta-lined handbags, each

(2)-If answer to question (1) | No; 4. Yes; 5, N-A

TAX RENTAL |

George J. Ferguson asked the Provincial Treasurer:

(1) Now that the tax rental |

agreement with this

to| to be discontinued, h

fs “yes”, how many bushels of Potatoes and carrots have been supplied to each of the Institu- tions, and from whom were they

only 59.95 styled of fine quality materials.,

AGAIN STARS ‘ IN IRISH PLAY ‘

| select your favorite toda) Once again | playing a rong

Lay-aways Invited... 2.0 all-new and different, and so resembl-

ing petit point... beautiful blended

purchased @ ‘what velee was paid

each supplie guarantee that the Atlantic Pro. |® by : (4) Were tenders called for) vinces adjustment grant st Gane . play tio pe a pastels to complement the new citrus these purchase the additional adjustment grant ish ANSWERS wil be continued to this pre Sct eae of Mr. shades... each one so perfect, such

1, (a) Refer question to de- tment of welfare and labour | a the answer to questi (b) Yes (c) Refer question to| (1) i would this oenn Which is. bel aged Friday department of attorney general on the ‘goles tax weet be tx and Saturday, ‘March 16 and 17 (4) No such institution. wed_on the people of this in Bischwreod High School aud- ince now that the govern- itori

on Riddle, an attorney to wile zee’ @ favorite, for the woman of fashion. .

So many ways

to look pretty «++

provine &. Vernon MacLennan 10) ment of Prince Edward Islaid Tickets ere going like hot- bus. carrots at 4 ¢ per Jb. 10 is levying its own income tax? cakes. You are well advised to ANSWERS yours today before it's too

The all-new “Twist” Jewellery

19 OY (24,

two-tone straws

et ite ae

‘MacNevin, 14 bus, carrots at 4 ¢| (1) Yes; (2) Answered by No. 1. late. PROVINCE PRICES enna 3 a ir of fe nn eae Ace ie st coucadh exo 0 bees bt beewty, Sheaves staan teriegs Ys Sein aioe oe, _ 3) Did the patients at Riv- Puarmacy. K and R. Store and bigh fashion headliner for your licity, and bea + + including jack for sim- é Qj ju fully all-new Grr fe Pharmacy. Plicity, tiful pastels . . . a deligh’ all and

spring ensemble . . . attractive all- new and different straws for 62... small brims to accentuate your beauty... velvet and rayon corded Tibbon trim to add a delightful touch of spring...pink and white, black and white, mint green and white, brown and white.

only 7.98

different selection for your spring ensemble,

Only 1.00 = 2.00 or 3.00

—

rm last SPORTS ARENA TONIGHT JUVENILE FINALS SUMMERSIDE vs. P. W. C.

Game time 8:15 Admission 50¢ Adults — 25¢ Children

Bie £2 sgerzezv7