AFTERMATH OF VENEZUELAN VIOLENCE

Giri who was struck by bul- let during violence {m Cara- eas,_ Venezuela, nelped from car outside ffrst aid post. Twenty-three persowe were

killed and more than 100 in-~ jured in two days of violence in which military police bat- tled snipers and mathinegun- ners, Clashes were brought on

by leftisf agitators against the government of President Ro- mulo Betancourt

(AP Wirephote)

Throne Speech Forecasts Long Session For Nfld.

By JACK PICKETTS

ST. JOHN’S, Nfld. (CP) — A weighty throne speech, read at the opening of the Newfound- land Wednesday, in- dicates the House may be in for @ long session. .

Speculation before the open- ing was that the session would be shorter than last year’s seven-week sitting, but it now appears it may be longer.

“The speech, read by Lieute- pant - Governor Campbell Mac- | pherson mentioned several un- expected topics, among them the sale of the Newfoundland Savings Bank. \

The bank, formed 127 years ago under the wing of the gov- | ernment, will be sold to the | Bank of Montreal for slightly | ess than $3,000,000 to broaden the “scope of its operations and | ite usefulness to the province.”

The bank had $27,000,000 aH feposit from 30,000 sharchold- ers. Nearly $1,000,000 of the sale pore would be turned back to |

depositors in the form of in- | terest, while another $1,000,000 would go toward the province's

Guidance Teachers Wanted —

for Charlottetown High Schools School year 1962-1963.

Male applicants only with at | least Superior 2 License and’

“two years: classroom experience.

Also free to take

ir Se lo Fer personal interview write—

K. A Parker, | Guperintendent ef Clty Schools. EE

‘children, particularly retarded children. The rest would go into the consolidated revenue fund ef Newfoundland, a type of sink-

ing fund:

PROPOSE CHANGES ve

Another unexpected move on the part of the Liberal - govern- ment was a suggestion that pro- vineial electoral constituencies might be reduced in size to give more’ representation.

The h_ pointed out that geographically \ \gome constituen- cies were so large that it was difficult for election candidates

represent al¥-the people after the election.

The speech also

proposed

more tegistative authority —en=- |

abling the government to ‘take such action as may be neces- sary” in fighting forest fires, fot only putting out the fires, but protecting lives and prop- erty endangered by them.

It noted that the government had “found that it was not al

_Ways easy” to act during disas--

terous forest fires Jast summer because ‘‘there was not suffie- ient legtSlative authority.”’

The third paper mill,

long a |

to thoroughly canvass them or |

eording to the speech. It said | the whole success of the pro | Ject “Hes in the successful use of the great pulpwood resources |ef Labrador.”

ae

SEE AGREEMENT

The speech said a “very satis- | factory degree of agreement” had been reached ‘among the companies holding a stake in Labrador forests on the prin ciple that the forests should be primarily treated ‘“‘as a great source of supply for pulp and | paper mills existing or to exist,” |no matter who actually owned or controls the forests.

Opposition leader James J. :| Greene (PC —-St. John’s East) said he was disappointed that whfle the speech made much of timber, it made no mention of the “grave situation” on Bell Island, 13 miles west of here in Conception Bay.

The Wabana iron ore mines on Bell Island, operated by the ' Dominion Steel and Coal Corp ‘oration, start a seven-week shut- down period Sunday because of |slumping overseas markets. A major layoff and another shut- ‘down period later in the year have also been threatened.

Capt. Uriah Strickland (L— Trinity South), who moved the address in reply to the speech from the throne, said a third mill would ‘mean the birth “an entirely new town in New- foundland”’ and the mill in east- ern Newfoundland would go far “to balance out the pulp and Paper industry. as there is al-

ready one mill on the west coast fat Corner Brook) and one in central NewfoundJand

(at Grand Falls).’’ John A. Forsey (L—Humber ‘ East) said in seconding the ad-

‘dress {n reply that pulp and pa-

per brought Corner Brook into existence, but the mill there was just the headquarters of a vast industry embracing the

most

More Understanding Urged | Of Tax Problems In Canada

TORONTO (CP) public and governmental] under- standing of Canada’s tax prob lems is much to be desired Graham F. Towers, chairman of Canada Life Assurance Com. pany, said at the company's an- nual meeting.

Mr. Towers, a former gover- nor of the Bank of Canada, said {t is generally agreed that if the amount of taxes collected in a country by all levels of government reaches an unduly high percentage of gross na tional product, the progress will be seriously im- peded. The difficulty was thac no one could accurately define “unduly high.”

At present the percentage of GNP taken in taxes by all gov- ernments, Mr. Towers contin ued, ‘‘may be in the neighbor hood of 26 per cent—almost the same as in the United States

“Since the GNP per capita is about 40 per cent higher in the U.S. than in Canada, this must mean that their tax ‘bite’ {s rel atively Jow--a possibility that Americans would dismiss —or that oursis too high fer the country’s good

whole of foundland. Agustus Duffy, leader of the two-man. United Newfoundland Party in the House, said the ‘third mill picture given in the speech from the throne was the important part of the speech. He said he saw little of a con- troversial nature in the speech. Standings in the 36-scat house are Liberals 30, PCs three and UNP two. One seat is vacant.

Northwestern New-

— Greater |

country’s,

“1! wish there were more tndt- tations that authorities in Ca» ada gave serious and continuous thought to the economic effects on the country of the tax bur den imposed by all levels of gov- ernment.”

Mr. Towers welcomed the tax study which the Canadian Tax Foundation is sponsoring at Queen’s University, and added that without duplicating this work, the recently - appointed royal commission on banking and finance might direct its at- tentiont o the economit=elfec‘s of taxation, since fiscal policy had a major bearing on the op- erations oft he banking system.

“If it is the case that over- taxation is contributing to un- employment by raising costs and reducing incentives, it might be hoped that ne wcom- mitments would be limited until the total ‘take’ represented a lower percentage of GNP.”

Dealing with the foreign-ex- change value of the Canadian dollar, Mr. Towers said an over-valied currency can have a depressing effect on the whoie economy

“This surely must have been the situation in Canada for a number of years, although no one has yet established statis- tically just what a country's for- eign exchange rate shou'd be.”

The present discount on the Canadian dollar in relation to the American affords consider- able relief, Mr. Towers stated but “it is a relief for which Ca- nadians have to pav in the farm of a higher level of prices and a lower effective value for sav- ings.”

(ou .< is enerees, at, 18 The Guartian, Ohariottetown, Mon., gan. ¥8, 1982. ' Divorce Plans

Are Unchanged

NEW YORK (AP)—A Rocke feller family spokesman said there has been ‘‘no change what- soever” in the plans of Gover- nor and Mrs. Nelson A. Rocke feller to obtain a divorce.

A one sentence statemeut was issued in reply to a story in Newsday, Long Island daily newspaper published at Garden City, N.Y., saying it had learned that Mrs. Rockefeller no longer intends to seek an out-of-state divorce.

The Rockefellers have married 31 years.

Rockefeller is 53, and his wife is 54. She is the former Mary Todhunter Clark, a Philade!- phian whose parents were de scendants of the Mayflower Pi grims. They met as teen-agers during a Maine vacation

They had five children includ- ing Michael who disappeared in Dutch New Guinea on an ar chaeological expedition

been

Company Sal To Go Ahead

TORONTO (CP) — Canadian General Electric Company has announced that more than 99 per cent of the outstanding common shares of Dominion En- gineering Works Ltd. have been deposited with the company. 7

An offer, to purchase Domin- ion Engineering, made last Sep- tember, was contingent on 90 per cent of the shares being de- posited

The offer consisted of one con- vertible preferred share of CGE plus $3 in cash for each share of Dominion Engineering

Application has been made to the Toronto Stock Exchange to

SUPERB CRESTA

list

“one

‘Canada Nearing Crossroad

On Commercial Policy, Belief

MONTREAL (CP) — Canada is fast approaching a cross-

roads of commercial policy and |

should decide within a few weeks which route to follow, R. M. Fowler, president of the Canadian Pulp and Paper As- sociation, said here.

He told the association's an- nual luncheon that the choice of a future route offers the choice between exciting opportunities for growth or stagnation.

“For some travellers cross- roads can be points of doubt and even despair,” he said, ‘But if a man knows where he is going and has a reasonably good set of roadmaps, cross-roads pres- ent no problem.

“My concern at the moment is whether we really know where

we want to go and have any sufficient roadmaps to get us there

“I think we must draw our maps quickly and decide on our

route not in the next year or two, or six months from now but in the next few weeks"’

His remarks were taken from a text issued to the press be fore delivery

WORLD NOT WAITING The rest of the world will not

the CGE preferred shares for trading Feb. 1. The shares carry a cumulative dividend of $1.25 a year with the first semi-

annual dividend of 62% cents pavable May 15 Preferred shares will have

full voting rights and are con-

vertible without limitation as to time into ‘common shares of CGE after the present CGE common shares are split 40-for These new common shares will also be listed for trading in Toronto Feb. 1.

: sidered an an obligation.

wait for Canada to make up her kind, Mr. Fowler sald.

The commercial question fac- ing Canada, and the United States, today was not whether they should join the European Common Market. The dream of a North Atlantic trading com- munity was still far off

“The immediate task does not involve the creation of new trad- ing institutions It is a more limited and more familiar task.

“Are we willing just as we have done many times in the past, to negotiate with the en. larged Common Market to pro test. and expand Canadian trade and thereby Canadian employ ment?

‘‘Are we prepared to. grant concessions as well as to seek them? Are we ready to under take the complicated and ex.

tensive measures needed te make our industries competi. tive?”

“These are some of the urgent questions of commercial policy that will face us in the fateful year ahead. The answers we give to them will determine the level of prosperity in Canada for many years to come.’

WILL STUDY LONGER

TORONTO (CP) — Chemistry students who go to Moscow as exchange students from Cana- dian universities will spend eight hours a week more in classrooms, says Dr. George Wright, a University of Toronto chemistry professor who just returned from Russia. He said standards at the University of Moscow were slightly higher simply because the students can't avoid it.’’ Students worked harder because it was con-

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