Still Fairly Easy To Build Small Empires

NASSAU. The Bahamas tAPi—-- Did you ever yearn to carve out a new empire of your own’? Or. at least to build a new town from scratch. designed as a perfect community to live in’

Here in the sun-washed isles of The Bahamas, it is still fairly easy to build small empires or id e a I communities (fashioned after your heart's desirei. and a number of people are doing it.

The requirement is simple. All you need I\ money -preferably scxcral million dollars —and time

~\< a multi - millionaire gets older in lll(I.\l civilized countries. such an I-England and the United States. l'7ie problem of what to do with his money becomes more and more vexing He can't take it with Illm. and. because of high InIIt‘l‘|I&1llt‘(‘ taxes, he cant leave it in his faniil_v.

BEAT TAXI-ZS

But there are no death taxes on real estate in 'l‘he Bahamas. A tiiulti - millionaire can come here, have the fun of building ai lush I’ e s (I rt development. andl ltiiovt his investment will pass in- tact to his heirs.

This fact has led to the creation

residential oases in island paradise: in recent years. It also accounts for the tripling

Mon in nu: PA'!'llU!‘“ muss, DEC. 13319;:

WHAT la the Pout of the Kings and where in it cele- of Bahamian real estate values Coral Harbour. in 3.000 - acre b"'~°‘" Islands that could be bought ior development on New Providence a small song 1” years ago now Isla . I2 miles from Nassau. is. can be had only for a big fat equally plush. It is owned by Mrs.’ bundle of cash. Lindsey Hopkins Sr., Atlanta soft

Typical of the new develop-‘drink heiress. I ments are Andms Town nndl _ _ Coral Harbour. CAN T L055

In I951 Dr Axel Wenner-Gren,i She has P00"-‘4-I 52~-30"-000 ""0

the Swedish financier, took over il. About 1.000 homes“?-* 3 Ft‘ '

l(I).000 acres of land on Andros.|IVlII8bIl’ -- I0?‘ P|‘Ii‘95 T308108 largest island in The Bahamas. {mm 33.000 £0 330.000 ‘mi |M'IUd- ‘ ‘

since then he has poured an esti~ 108 II‘? h0US4"-

mated 36.000000 into developingl "WOT? ROIHR I0 R0 SIM‘ End: ° 11, ‘take our time." said her son.’ Lindsey Hopkins Jr. "We viant tti .

WE“-THY 31'3""-ICE make a real community and getl OTTAWA <(,‘Pi - informants He has built hontes_ . schouI- ‘ the best pimple in the world here say several countries will buy ad- house, an airport. laid out farms_lin the best place in the world. lditional Canadian wheat if Can- imponed c3me_ dredged a yacht "I-‘land; has clad it The Baha.;ada will extend long-terrn credit harbor. He has erected the Iuxu- mas are iust coming into their'l0 finance the pu_rv_hases—‘ rious Lighthouse Club, which at-,0\~n " I C3“‘?d”"‘ '“‘g°‘"“'°“5 mm the Lrgctg as guests notables such asl Like‘ most of the nltlIll~mlIIi0n- c°un"Ie5- among them Spam ‘nd Lord Beaverbrook ,aire operafions here, the Hopkins P°I3""-Iv became I‘“°w' T“°3d3y*

Eventually. as transportation family is unworried that they are ‘me “eflf ‘"9? Tude M“““': speeds up and population in- pouring in money—~and getting G°'d°“ U‘“’°I“” ‘""°““°°: ‘h creases, the far-seeing financier none out. as yet. g°V°mm°m “'3”? [0 expu £2‘ foresees Andros as a community They feel that on a long-ternilpowe”, of the ('r°w"'°w'3 X' of thousands of expensive homes, basis the venture will prove prof-‘"9" ()red'l_s I"_su”n.‘: t:°rI::lr|: a refuge for the retired wealthy‘ itable But as a resident here re~;"°:‘ ( "er0°‘:_‘:)';:‘e sfuhe grmu] who want to get away from it all marked. lg, eapp 8 3

"The tax angle the fort ’ ‘lg '

Since he has no children. the tax advantages mean less Wenner-Gren himself "He loves to build." said an as», sociate. "To him this is a vast plaything. It p I 2 a s e I him to watch it grow."

tol)r

FIRST CANNON The first cannon ever used In England were fired at the battle I of Berwickon-Tweed about 1406.

death tax has to be paid on the‘ value of these properties--assures] them a saving on their Invest-- ment in the long run. How can they lose""

Red Cross Pays Tribute . To Late Dr. MacMillan ;

to the memory of . P. MacMilIsn was paid by Mr. W. R. Shaw at the annual meeting of the Canadian Red Cross Society held at the King Edward Hotel Monday and Tuesday of this week. Mr. Shaw is president of the P. E. I. Divis- ion. Canadian Red Cross.

Mr. Shaw reviewed Dr. Mac- MiIIan's varied and outstanding career as the champion of many humanitarian causes. particularly‘

Fitting tribute Dr. W. J

the Canadian Red Cross Society.‘ of which he was Counsellor since 1944--the highest

5' O H O

the Central Council. cll rose and observed

Millan and Mrs. A iof Saint John. N. B

SPECIAL BINGO I” HOLY NAME HALL T0llllill't' AT 0:00

Good Prizes. Full Card $25.00

Admission 35 cents

an Honorary ‘

r which can be bestowed by’ Delegates at the Central Coun-; a silence M‘ I Dr. Mac.‘

1. Aug ..

onor the memory 0

., who was at prominent Red Cross worker in; that Province.

WINTER TRAIN SERVICE

Borden Train

Interrupted Last Night

For several hours last night a derailment that occurred a short distance east of Sherwood Station interrupted rail traffic on the CNR's main ’ .

The mishap took place at 8.80

pm. when the rear act of truck: of an autocar broke clear and the rails. The

ear from which the truck became detached was the third from the van of an extra enroute to Bor- den. Other units of the seven-car train were not affected.

The railway’; large crane man- ned by an auxiiliary crew from the City arrived on the scene at about I .00 pm. he line was cleared shortly after 12.30 this

I i I Commencing MONDAY, DEC. 16. the CANADIAN NAT-

IONAL RAILWAYS will provide the following winter pass- Inger train service for PRINCE EDWARD ISLAND travel- left;

SOURIS: Leave Charlottetown at 2:30 pm. daily except Sunday. 8:00 a.m. Tues., Thur. and Sat., and Souris at 7:30 a.m. daily except Sunday, 1:30 pm. Tues, Thur. and Sat.

ELMIRA: Leave Souris at 5:45 pm. Mon., Tues‘. Thu!‘- and Fri, and Elmira at 6:30 a.m. ’1'ues., Wed.. Fri. and Sat.

GEORGETOWN: Leave Charlottetown at 2:30 p.m., Mt. Stewart get. 3:45 p.m., and Georgetown at 7:00 n.m.. ML Stewart Jct. 9:15 a.m., daily except Sunday.

MURRAY HARBOR: Leave Southport at 3:00 p.m. and Murray Harbor at 7:00 am. daily except Sunday.

LAKE VERDE - SOUTHPORT: Taxi service will leave Charlottetown station at 2:45 p.m. to connect with train leav- I-‘or pass-

Service

morning and full operations of the service was able to be resum- ed. Examination of the track showed that the derailment had been caused by the roadbed be- coming the amount of rain that has fallen during the past several days. Due to the derailment. the Bor-| den train on route to the city] was held at Winsloe, where it

. f M y Harbor. was met by a fleet of taxis dis-i "me" mm urn

Southport to Market Square In Charlottetown. Taxi included

patched by the CNR. By this in "u g,,-,_

means passengers, express. and:

baggage completed the journey‘ Now 0PERATlNG

30 ‘I10 C8Pll3I- TIGNISH: Leave Summerside at l2:25 pm. Mon . Wed.

In charge of the extra was con- ducter M.H. Graham. The en-, gineer was George Mitchell. I

and Fri, and Tignish at 8:30 am. Tues., Thur. and Sat.

Shock Cause Of Lineman’: Death

“We find that the deceased came to his death by’ coming in

contact with ll high tension wire. erg] W, , Common gnnoiincedl causing extreme shock and se- the appointment, The exchange Vere loss of blood on Novembersuspended trading In the stock 28th while working on a pow r Sept. 20.

pole at Stanley Bridge and died at approximately 3.45 pm. in the‘ vicinity of Kensington while en? route to Prince County Hospitall In Siimmerside."

The above was the verdict re- turned Tuesday evening by the- Corn s Jury assembled at the Court House, Summerside, to in- qiiire into the circumstance sur-. rounding the death of John Free- nian .~\lilct-k. 43. of .\/Itiunl Stew art. A total of six witnesses were heard heiore the jury retir- ed to deliberate.

(‘oruiier Dr. W, I-2. Callaghan conducted the inquest anti Mr. I) 0. Stewart, Qt‘. appeared for the (‘rown .Vlcml)ers of the jury were . . Murphy. foreman, James .\lacI,ean. Ray Doyle, James Derek Hughes. Joseph Oormier and ('harIes Linkletler

T(lR(WTO 4CPi T three Toronto newspapers. the ('B(‘ and radio station (.'KF.Y on charges of violating the Lord‘:

Dav Act were adjourned Wednes- d. until Jan. 15. Magistrate T. S. I-Zlmnre ordered the adjourn-

men! after learning that the On- tario Court of Appeal has yet to deliver its judgment on an appli- cation by the BC that it is not liable to prosecution because it

I Use the C—N-R's modern iiirouizh sleepina car serv- BEAM Aconic ]NQ['“1y I Ice on the fast OCEAN LIMITED between Charlotte- 1-ORONTO (Cp. _ Roland pg town and Montreal, and avoid unnecessary and Incon- Wilson of Toronto was appointedt venient transfers. Wednesday to investigate trading of Aconic Mining Corporation shares on the Toronto Stock Ex- change. Deputy Attorney - Gen-1

FRENCH EXPLORER Sieur La Salle. French explorer, who died in I887. was the first. to build a post on the site that now is Chicago. I

VIIIIII SA

SAVING IS MORE PROFITABLE THE EASTERN TRUST WAY"-

II not subject to the act.

Island Propane 6:: United CIAILO‘l'l'I'l'0WN Illllllllnl N01’! NIH ADDIII ll OIAITGI ITIIIT tllnunlsvnent ~ 3&3

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