cd tise os : r | “£ the 4 tenton to rs : eee . | a solved to go their own way, freed|tain amount of chopping and) prime minister.’ ' ' Killing United Party Hopes ei-tho resteninis of party dscip:ihanging Ne. te. apartheid, lew, e 1wAr Av when increasing numbers of Ne- sas Dani need ook ialaoed by Fema lSub-Killers a i. The Jgroes are resorting to violence as|# Seneral election, the rebels re-| constitutional amendment de- 7 "Covers Prince Edward Island Like Dew” : tain a forum to express teir|priving the 10000 non - waite] Visit AUssies Apartheid, the segregation of tes era on te nominated white del! Orrawa (CP) — Two Argus SECOND SECTION Charlottetown, Fri; Aug. 28, 1959. PAGE 11 are

general election.

South Africa's black and white inhabitants, played no part in the United Party split. The immedi- ground for the grow ate issue was the failure of the erate opinion. And rebels to persuade the party to} ment shows no sign press for increased allotments of | modifications in

land for native occupancy. ILLUSION ENDED

parliamentary seats at the] Their inability to sway the | where. party even on a minor point of

ee ne ee ee eS eee th Queensland's

The government's dilemma is| ing to insure the city against riot.|and New Sealand i Quecaslon’s pee

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The move severed the last link|Su>-killer aircraft of the RCAF’s| ontennial celebrations and Aus- .. Violence offers a poor breeding | between the government and 75|Maritime Command will leave — Air Force week Sept. i¢

Cominnabes of the operation will be Group Capt. John H. Rob-

Durban city, council has been Air .fdree theadquariers saidjerts of Prince George, B.C. The turbances in Durban and else-|informed by Lloyd's that the} Tuesday that the tour, arranged|two aircraft will be skippered by British company is no longer will-| at the invitation: of the Australian} W-C Cyril Torontow of | Ottawa

TORONTO (CP) —' Henry

Kearns, assistant United States commerce secretary Tues- day said the U.S. is shocked by

nvestment in this country.

dians would be well advised to think terms of trade expan- restrictions in grap-

FE i i rae

POR You

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— foreign trade competi- on

U.S, experience with protection- ism had shown that protectionism exacted “‘too high a price” in ec- onomic deterioration, Mr. Kearns said in a speech before the Tor- onto board of trade.

“Truly, protectionism has priced itself out of the market

not the answer to any questi —— ting either the U.S. or Can- The statements were included in, the -text of his address issued to the press before delivery. NEWSPAPER CRITICISM

recently read a Financial Post article entitled Can We Survive U.S. Investment? which, while un-

i ii cated on the assumption that U.S.

ism.

“It must be reported to you that such a contention comes .s a shock below the border where we have been, perhaps naively, proud of our efforts to increase the availaility of U.S. capital to foreign countries.

“We have made much of the

there wil need for foreign capital. Thus, it is to find that there

i

tion the desirability of capital from the United porter U.S. investors had ~~ more

into Canada than they me taken taken out. In the 1953-58 period the U.S. net capital flow into Can- ada including reinvested earnings totalled $4,226,000,000. This was more than double the $1,826,000.- 000 taken out of Canada by U.S.

SEE AND HEAR

and expanding trade pretense.

: Turning to criticism of U.S. in-| ; ‘| vestments, Mr. Kearns said he

Americans Said Shocked : By U.S. Investment Critics

investors in that period. TAX REVENUE

Canadian income tax revenue op American investments amounted to some $450,000,000 4 year. Through these invesiments, Camadians were able to build up industries to boost exports. U.S. direct private investment in Cana- dian pulp and paper amounted to

the industry’s products to the US ted to some $1,000 000,000 y. This added to

doubtedly written as a result of! put Americans out of work.

private investment was"% Wolof] tat Malaak eo Se ee ae ors who charge that U.S.

tion. In the next decade U.S. ee- au estimated 30-per-cent increase in raw materials, much of to coming from Canada.

turbine contracts, Mr. Kearns said: COAL PROBLEMS

And while Canada had prob- lems in lead and zine, the U.S. had problems in coal. These prob- lems were complicated by the fact that Canada subsidized ship- ments of Nova Scotia coal to the central Canadian \markets, dis- couraging sales of American coal in these markets.

“We hope Canadians will be | more inclined toward optimism | about the prospects of their trade | in view of its steady performance lim the recession. You are supply- | ing & very large and vigorous ec- in the U.S. ‘which by the

| sccm, rowing importance

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