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ta believe that a three-week inter- - val will bring the two sides any ‘closer to agreement. Behind@ the Rus-
French nor West Germans desire. The American attitude is somewhere
Correspondent# of the New York Times report that India and Indon- esia have taken little interest in the Geneva conference, and that a sim- ilar lack of interest prevailed in the United Arab Republic, once the fear of a major crisis in Berlin had sub- sided. Prime Minister Nehru sum- med up the Indian attitude a few days ago with the statement: “I have no light to shed, and I do not wish to add to the darkness.”
That may be as profound a re- flection as any on the conference results to date. The consensus of opinion is that it has given neither side a distinct edge from a propa- ganda point of view. Moscow, it is felt, is playing a waiting game in the belief that it holds the trump cards and that pressure on the Al- lies to come to terms will steadily increase. The West, however, is cer- tainly no worse off than it was a little more than six months ago when Mr. Khrushchev’s ultimatum to accept an eviction notice from West Berlin hung over its collective head. The deadline has passed and, if nothing else, the ‘Russians seem to have been convinced that dead- line threats will not force the West to cave in.
We like the comment of a weary British diplomat when asked, when the conference adjourned, what point there was in resuming the talks on July 13. “Well,” he said, “talking
« with them is better than fighting
them.”
Eastern Arctic Status Another landmark in Canada’s growth as a nation will be marked when a bill now before the House of Commons is passed and formally as- sented to. This measure will create a new Dominion constituency em- bracing the Eastern Arctic territor- ies—the only section of the country still not represented Parliament. Constituency status it would be an. additional symbol of Canadian ‘sovereignty in the North, as well as an act of recognition of the growing importance of the region. .. There are, however, difficulties ing the East-
ern Arctic as a riding. The Western
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Canadians as a whole will want.
that representation to start at the earliest moment.
\ 4 Federal Bond Issues _ The declared rates of interest on
“the short-term bond issues’ offered
by the Dominion Government are 234 per cent and 3 per cent. In the
_ present market these are abnormally
low ‘coupon rates: But, notes the Winnipeg Free Press, the real re- turns on these bonds are, in fact, very much higher.
On the 9-month bonds the effec- tive yield will be not 2%4 per cent but 54 per cent. On the 1714-month issue’thé yield will be 5.68 per cent rather than 3 per cent. That is be- cause the 9-month bonds were of- fered at $98.00, thereby assuring the purchaser a capital gain of $2 en each $100 invested, in addition to his interest payments at 2% per cent for nine months. The longer- term’ bonds were offered at $96.30, assuring the buyer a capital gain of $3.70 on every $100, as well as in- terest at 3 per cent for 1715 months. But where the interest payments received by the investor are tax- able, his capital gain is not. So he pays tax on only part of his income from these bonds.
If the Government had sold the bonds at par (100 cents on the dol-
lar) then in order to produce the
s3me return that the present bonds will yield the investor, after he has paid normal corporation taxes, the
declared interest rate on the 9-4
month bonds would have had to be 8.17 per cent. On the 1714-month bonds it would have had to be 8.27 per cent.
EDITORIAL NOTES
During May, the first complete month of operation of the St. Law- rence River canals, according to a preliminary statement of toll traf- fic just issued by the Canadian and United States Seaway authorit- ies. This volume of cargo was being transported by 980 vessels, the ag- gregate gross registered tonnage of which was 2,898,800. As compared with May 1958, when the 14-foot canals were in operation, the in- crease in cargo was 741,360 tons, or 49 percent.
7 s *
In the United States, chief Jus- tice Warren’s liberal domination of the Supreme Court seems to have been broken in a recent decision. After the McCarthy era, the Sup- reme Court sought to stop’ congres- sional committees from persecuting rather than investigating. It ruled two years ago that they could not compel answers unless they made clear the relevance of their ques- tions to the inquiry. By five to four, however, it has just decided that Congress, when investigating Com- munism, can question teachers about their political beliefs.”
* s »
Canada’s fruit growers produced
nearly $40 million worth of fruit |
‘last year, and the long-term outlgok
for the industry is for a steady in- crease in the dollar value of the crop, according to the current com- mercial letter published by the Can- adian Bank of Commerce. While fluctuations in the value of the fruit crop are fairly sharp, the market for fruit products is likely to grow more stable, the letter says, be- cause of the increasing population vand improved marketing methods, including the increased use of freez- ing to protect fragile products.
*
STARTING AT THE WRONG END OTTAWA REPORT
An immigrant’s success story reversing the usual pattern has been attracting the attention of such influential figures as Can- adian Cabinet Ministers, Cana- dian-born Lord Beaverbrook, and Britain's Prime Minister Harold Macmillan.
Many Scots have emigrated to Canada, where their achievements have been second to none in fos- tering the development of this great land. Many young -men have emigrated from the teem- ing countries of the Old World to seek their \happiness for- tune in the wide open spaces. of this land of opportunity.
But seldom does one hear of a Canadian emigrating to the Old World, and very seldom does one hear of a an emigrant in his late fif'ies achieving success. .
- “Yet Canada’s Roy Thomson has done that.
New Brunswicker Max Aitken took a fortune with him to Eng- land when he was near his 30th birthday; from that springboard he jumped to fame, political in- flugnce, and greater fortune as a newspaper Baron, Lord Beav- erbrook. .
Roy Thomson, who had al- ready built up newspaper inter- ests in Canada and the United States, went to Scotland in his late fifties. There that fourth gen- eration ScottishCanadian has made a mark for himself as a newspaper publisher and as the founder of the first successful and most popular private tele- vision station in Britain.
LIFE’s GOLDEN SANDS
On the occasion of Mr. Thom- son's 65th ay recently, Lord Beaverbroo publicly praised these achievements by his friend. |
“Roy Thomson's vitality and success,” he said, “confirm the middle-aged man's hope that *Life’s latest sands are its sands of gold’.”’
‘“The Beaver” went on to draw attention to the unprecedented na- -ture of Roy Thomson’s success story in these words:
“Many a Scot has invaded the overseas empire and made a
OUR YESTERDAYS
(From the Guardian Files)
A magnificent collection-of min- erals of economic value from all parts of Canada and of fossils assembled from various sections of the country, has been presen- ted t Prince of Wales College by the Dominion Department of Mines. The collection has been arranged in a showcase by Pro- fessor J.G. Bennett, and placed near the entrance of the chemis- try laboratory.
An accident which might eas- have ended in tragedy occur-
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Success In Scotland
By Patrick Nicholson
large fortune. But the conquest of the Scottish community by a man from the outer empire is a wond- erful romance.” *
During it to Scotland last month, that the conser- vative Scots themselves now wel- come into their hearts and hémes the newcomer whom they once suspected as a “crude colonial’’; and they gladly acknowledge the benefits which they enjoy from the achievements of that immi- grant.
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merit, The Scotsman is now read- at the breakfast table at Number
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; A dentist, too, might need : Ten Downing Street, the home of moap sented Seated ee ales Britain's Prime Minister; it is trifocals, since he must clearly
flown in the diplomatic pouch to every British Embasgy in the world; The British Foreign Of- fice sends hundreds of copies by air mail to key listening posts around the world, where it is an effective weapon in the counter- propaganda war against Com - munism; recently Britain’s Prime Minister invited The Scotsman’'s editor, Alastair Dunnett and his wife, to lunch at ‘Number Ten”, where he expressed his thanks to the publisher and the editor for their achievement. On The Scotsman's have
TOP OF
as editorial
In six years, he has hoisted their national daily newspaper, “The Scotsman"’, back into the prestige from which it had fal- len: indeed, into a distinction greater than it has ever before conees during its 142 year his-
ry.
“It is my earnest desire that The Scotsman should present Scot land to its own people and to the world,” declared the new Pubtish- er, I found that today The Scots- man achieves even more than that object.
INFLUENCE WIDELY FELT
Its inflwential, well - informed and authoritatively-written editor- ial page is largely responsible for The Scotsman’s new rating as Britain’s Number Two daily pap- per, second only to The Times of London. Leaving the Manches- ter Guardian and The Daily Tele- graph far behind in journalistic
of the informative articles on cur- rent affairs, which are specially written for that pape> by the world’s leading personalities. These include Prime Minister Diefenbaker and Poland's For- eign Minister Adam Rapacki on the East-West talks; Mayor Willy Brandt on the future of Berlin;
ing more As you
are Prime Minister Sir Roy Welen- sky and the Duke of Montrose on | "X,swor- the problems of the Central Afri-| ches are can Federation; Finance Minis-| sn. skin. ter Donald Fleming on invest-| produce
ment opportunities in Canada, and | © Consult others.
This progress has been achiev- ed by. the vision and determina- tion of Roy Thomson. It was not surprising that Cabinet Ministers and other distinguished figures gathered here recently heard a proud and nationalistic Scot say: “Thank you, Canada, for Roy Thomson”. '
Frondizi Under Attack
By Joseph
Press Staff Writer *
The Peronist support that
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The birds MacSween
, Por birds against the austerity measures in- itiated by Frondizi, who has been fighting strikes for months.
In the background in all this, Argentina is suffering from pain- ful inflation, budgetary deficits’ and inadequate agricultural and industrial production.
Frondizi, often described as a “4eftist intellectual,” made many election promises regarding state control or ownership of industries ranging from electric power to
| petroleum and transportation.
Wherein, And sing To swell
as the instrument tray and var-
benefit from specially construc-
LENSES
" These workers often want near- \ segments at the top of their
well as in the custom-
ary position at the bottom.
As a matter of fact, “base- ently read many | ball’’ trifocals, with segments at both top and bottom, are becom-
popular. can see, We is a com-
plicated spectacle. QUESTION AND ANSWER . deG, «:
I have developed patches on my neck
M dark and arms. can you tell what these
from and if there is
a dermatologist (skin
specialist). He may be able to get rid of the patches.
ONE SONG In my ample mapl-
rise up to sing.
Cacophonous they cackle, The stippled and the spackled Chromatic tones for spring.
My wimpled maple’s ample
ingathering.
The stoppled and the spackled Whose rusty notes are crackled Exuberantly sing. z
My maple is a temple For feather, beak and wing
in finest fettle
They a cappella settle
and sing. the spring. —Maxine W. Kumin
in the Christian Science Monitor
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National
Federation of Malaya, this year celebrates its hundredth anniver-
EB
The Age Old Story
Wait on the Lord: be of good courage, and be shall strengthen
Kuala Lumpur, capital of the ,
thine heart: wait, I say, on the Lard.
From Jungle To Capital
Society
Malaya gather at the Batu Caves outside the city for a feast honoring the Hindu god Subra- .
like peanuts. An item much in 5 are tne little round moon cakes.
\
through the above.
ve
q ————
Have You A Question 4 About P.E.I.’s Hospital Services Plan?
If so, simply contact your nearest Commissioner or write or telephone Garth C. Crockett, Public Health Educator, Box 4500, Charlottetown, tele-
phone 9535. Commissioners Address Telephone Dr. Lemuel Prowse, Box 4500, Charlottetown 5524-25
Mr. T. Earle Hickey, Bk of Commerce Bldg, S'side Mr. Robert MacLeod, Dominion Building, Ch’town Mr. George Ferguson, Murray River Col. L. F. MacDonald, Charlottetown
Talks to organized groups may also be arranged
aca
————
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