ON THE £.IR Cvelical Budgeting Theory Criticized By N.Y. Bank THURSDAY PROGRAMS EE CFCY-TY. 100. p.m Alterncom Musicale 2:00 p.m. Chez Helene 2:15 p.m Nursery School 2:30 p.m. + National Schools 3:00 p.m The Verdict is Yours 3:25 p.m Cross Section 3:30 p.m Open Hoise 400 om ‘oda Home 4:30 pm lets took 4:45 p.m. Rope Around the Sun 5.00 p.m. Razzle Dazzzie §:30 pm Dick trary 6:00 p.m.-—! Married loan 6:30 p.m Ke board Melodies 6:46 p.m CFCY TV News 7:01 p.m -Garette 7:30 p.m. Highway Patrol 8:00 p.m.-—Ster Performance 8:30 pm The Detertves 9:00 p.m.—Nature of Things 9:30 p.m.—My Three Sons 10:00 p.m — Defenders 11:00 p.m.—Toronto Wrestling 12:00 pm. CBC TV News 12:13 a.m.—Loce!l Weather 12:14 a.m.— Viewpoint 12:20 ea m.—Sign Off at TV. CALLS NITE or DAY Day 4-2537 Nite 4-4172-4-5601 VAH-;S RADIO & TV 204 Kent St. Ch’tews By FORBES RHUDE Canac‘an Press Rusiness Editor gov- pro- , duce budget surplusses in good Cyclical budgetting by ernments is supnosed to tires ee deficits in recessions However, th i. tvs * dency is plusses. The First Nat’oral City Rank of New York expresses such an ov’nion in its current letter It enparently regards as “‘optimis. tic Presider’ Xennedy’s ‘rve- cast of a balanced budget for the ‘fiscal vear 1969-1963 and coments that while budget sur- p'usses have heen propose*—in each of the last six presidential b-dget messages, surpirsses were produced only in fi<~al 195" and 29°90. “The theory of compensatory finarce letter says; ‘“‘we have had pre- scribed increases in foderal spending in periods of business recession but not the cutbacks in periods of prosperity. The tailoring of outlays to fit pros- pective revenues is a practical demonstration of the working of | Parkinson’s second law: ‘Expen- diture rises to meet income.’ ‘DEBT SOARS “When business is slow, gov- CKCW-TV 9:30 a.m.—Station Sign On News, Weather, Sporte 9:45 a.m.—Morning Devotions Moncton Ministerial Association 10:00 a.m.—Romper R-om 11:00 am.—Visit Te England 11:30 a.m. —Program Resume 11:31 a.m.—Test Pattern Workshop "2:45 p.m.—News, Weather. Sports 1:00 p.m.—Thursday - Playbill - Duel- At Apache Pass 2:30 p.m.—National Schools 3:00 p.m.—The Verdict is Yours 3:25 p.m.—Cross Section 3:30 p.m.—Open House 4:00. p.m.—At Home with Helen Crocker 4:30 p.m-~Let’s -Look 4:45 p.m.—Rope around the Sun 5.01 p.m.—Razzle Dazzle §.30 p.m —Dick Tracy 6:00 p.m.—Supper Club 6:15 p.m.—Television News 6:35 p.m.—Television Weather ~ 6:50 p.m.—Television Sports 7:00 p.m.—TV Hour of Stars 8:00 p.m —Hi Society 8:30 p.m.—Public Defénder 9:00 p.m —Nature Of Things 9:30 p.m.—My Three Sons 10:00 p.m.—The Defenders 11:00 p.m.—Route 66 12:00 p.m.—CBC TV News 12:15 @.m.—Viewpoint 12:20 a.m.—CKCW TV News 12:25 a.m.—-Sign Off jernment outlays are increased to produce more jobs. When business is good, they are in- creased because revenues are enlarged. The public debt }moves inexorably -higher. In- |come tax reforms—the secret of European prosperity—keep get- ting postponed year after year.” | The World Bank and its asso- many critics feel much stronger towards bad-time defi- cits than towavds goo?-time sur- hes not worked,” thehydro-electric project on the — ciate, the International Develop- ment Association, have estab- lished a new department te handle African business. Eu- gene R. Black, president, the decision was taken in view of the two institutions’ rapidly- developing responsibilities im connection with Africa’s emerg- ‘ing independent countries. The devartment will come into-operation April 2 under the direction of Pierre L. Moussa, who has served with the French overnment in a variety of posts since 1946. J. H. Williams, Ox- ord graduate who has served with the bank since 1961, will be as*'stant ‘rector. The Bank also announces: a ‘oan equivalent to $47,000,000 to the Volta River Authority, an agency of the Ghana govern- ment. The loan will help finance ‘onstruction of a dam and Vo'ta river at> Akosombo, to gether with a transmission sys- tem to supply power to southern Ghana. Other financing will in- “lude $37,000,000 from American sources, about $14,000,000 from Britain, and $98,000,000. from Ghana itself. | The project, with an ultimate capacity of more than 1,100,000 horsepower, will creaté a reser- voir about 300 miles long and with a surface area of 3,275 square miles. Largest single customer will be an aluminum smelter to be built and operated by Volta Aluminum Co. Ltd., formed by Kaiser Aluminum and Chemi- cal Corporation and Reynolds Metals Company. The smelter will cost more than $100,000,000 | jand have an annual capacity of ‘100,000 to 150,000 tons. | ._By KEN KELLY | OTTAWA (CP) — Associate Defence Minister Sevigny has |erased the Communist — la- bel he pinned last week on the governments of British Guiana jand Ecuador and expressed his regrets. | “I guess I was a little out of line in that speech,” he told the Commons, referring to an address he made last Thursday in which he spoke of ‘South America where in just the last six months Communist govern- |ments have taken over British | Guiana and Ecuador.” The speech evoked sharp de- nials both countries in Canada and, CFCY RADIO THURSDAY 6:28—Sign On 6:30—News & Weather 6:35--Country & Western Roundup 6:55—News & Weather 7.00——Hebrew Christian Hour. 7:15—«Country & Western Roundup 7:30—News & Westher 7:35—CFCY Farm News 7.40—Country & Western Roundup 8:00—News 8:11—Weather 8:16—Country & Western Roundup 8:45—Weather 8:50—News 9:00—Morning Devotions 9:10—Morning Moods 9.25——Matinee with Austin Willis 9:30—Morning Moods 9:30—Pick Your Partner 9:35—Morning Moods 9:55—Kitchen Klatter Contest 10:00—News & Weather 10:05—Notes and Music 10:15—Pyramids - 10:30—Notes & Music —11:00—-blews_Heagijnas. & Weather — 11:02—News & Views on Groceries 11:15—Notes and Music 11:30—Purity Flour Jackpot 11:35—Notes & Music - / 11:55—Pyramids 11:58—Notes & Music 12:00—Weather 12:05—Mostly Music 12.30—News and Weather 13:43—P.E.1. Road Report 12:45—Mostly Music 1:00—News Headlines and Weather 1:02—Mostly Music 1:15—Tommy Hunter Show 1.45—Mostly Music 2.00—News Headlines & Weather 2:02—Hits and Encores 2:15—Atlantic Schoo! 2:45—Hits and Encores 3:00—News Headlines & Weather 3:02—Hits and Encores 3:30—Pyramids 3:33—Hits & Encores 4:00—News & Weather 4:05- The Hit Parade ~ 4:30—The Ouvutports 5:00—News & Weather 8.05—The Outports (Con) 6.16—Program Schedule $:17—The Ouvtports 5:25—Marine Weather $.28—The Outports (contd) 6:00—News & Weather 6:13—-N.S. Road Report 46:15—Tonights Music :00-—Back To The Bible :30—News & Weather 7,45—Red Cross Program 8.00—Tonights Music 9.00—Assignment A000 News, tntand and Marine Weather 10:10—miatinee with Austin Willis 10.15—Starlight Serenade 10.30—Court Of Opinion 11:00—CBC Netional News, News _. Roundup & Talk 1° .30—Shadows 12.00—Dominion News 12.10—Sign Off r CBA RADIO Broadcast 11:30— The Archers 11.45—The Maurice Pearson Show 12.00—Jembores Junction jafter questions were asked jabout ft in the Commons Fri- day, a demand by Prime Min- \ister Diefenbaker that Mr. Sev- igny explain himself. Informants said Mr. Diefen- baker was angered by Mr. Sev- igny’s remarks and instructed him to correct himself publicly. |PASS ON TEXT | A text of the minister's state- ment Monday will be trans- mitted to the Canadian ambas- sador in Quito with instructions |to relay it to the government of Ecuador, an informant said. A similar course will be fol- lowed by the British high com- | mission here. which handles dip- lomatic affairs in Canada for | British Guiana. | Mr. Sevigny’s brief statement |to the Commons Monday noted that referegce was made in the 'House to the address he de | livered to the Quebec Associa- ‘Associate Defence Minister Reerets Red Tag Application from representatives of | The Guardian, Charlottetown, Thurs. Feb. 15, 1382. 13 (ANT BAKED IN SOUTHERN FRANCE =~ ARE SO LARGE THEY MUST WW THE ON A Fuh \tion of Architects at Montreal. “In that speech I voiced my concern over the spreading of the Communist ideology in var- ious countries of the world. I made certain comments about British Guiana and Ecuador in this connection “T have since been satisfied that the governments of those | countries are not Communist and I am glad to correct the statement I made... | “I also: made some reference to the spread of communism in the Far East and to the threat thereby posed to the West. I wish to make ft amply clear | that I was re“erring on'v to the threat presented by the mili- tary strength of Communist China.” This sentence evidently re lated to a question Friday by opposition leader Pearson who asked Mr. Diefenbaker to com- ment on reports Mr. Sevigny had said “the yellow peril is one of the most terrible threats to western citilization.” 4 YEARS FOR BURGLARY MONCTON (CP)—Gordon Jo seph Thompson of Kingstop Ont., Monday was sentenced to four years in penitentiary in Dorchester, N.B. He received four years on each of two charges but sentences will run concurrently. Thompson earlier pleaded guilty to a charge of breaking into a store here last year and stealing $682. A charge of placing an explosive charge in the safe at the store also brought a guilty plea. | __ CONTRACT BRIDGE By B. JAY BECKER South dealer, - Neither side vulnerable. NORTH 41062 @AJI1073 @K65¢4 gAZ @Q75 @kKoss 986 @4 @10962 @Qis #KQ102 #97643 SOUTH @As4 @KQ953 @AT73B aan $85 The bidding: South West North East 1¢ Pass 39 Pals 4¢ Opening lead—king of. clubs. dummy play is to force your | opponents to do. your work for 12.30--Maritime Ferm Broadcast 1.00—-Newa, Weather 1:15—Tommy Hunter Show 1:45—Time Out For Meledy 1:59--D.O. Time Signal 2:00—Time Out For Melody 2.15—Old Favorites 2:45—John Drainie 3390—News and T.C. 4.00—News 4:03—Music From Halifax 4.30—Music in The Air 5:00—News 5:03— Interval 5:04—Maritime Fish @d’cas? 5:30—The Fve Thirty Show 700 News & Music 11.30-Eventide 12.00 Here's The Westher you. Many a hand is lost be- cause declarer undertakes to do things that he can delegate the defenders to do for him. Examine this hand. South starts with four possible losers — two spades, a diamond and a club. The diamond and club losers are inevitable, there being no way of avoiding them, so all of declarer’s thoughts are con- from dummy, East covers with the king and South must even- tually lose two spade tricks. z : E * One of the secrets of good | deuce form “2.0—Tistening To Muse efi clarer begins by lea dummy. plays low, South jack, but it will do West takes the fe 3 tf ReRE F 5 E ; i ake 38 > “ 7 i eens i bel i gn i ei? ; ih if rf DAILY CROSSWORD | ACROSS DOWN 31.Man- PRETREPC 1, Sham 1. “I Love darin = 6. Black Sea Lucy” gal tea NSM IN port . $00 (comb, 22.“Good HERBIE 11. Texas form) ' King” & 7 land-mark 3, Car fuel 94. Soft , : 12. To decorate oa leather BRON | 13.—— : ‘ majesty 6 Thus ané@ ak = 3 14. Rhododeme BM 232 Ma *“Iein” river money Sesterday’s Answe 16. Game #. Girl's (Rom.) at cards name 98. Turkish 8S. Church 16. Palestine 8. regiment book of plain (Bib.) 9. 80, Sacred hours 17. 10, White ant ~ bull 88. “Child of garland 8=ss:14, TV's ——— (Egypt) the Sun” 18. Dick 22. Man's 99. Pare Whitting- . 16. Sole nick- 41. Humor ton’s town 19. More name @. Indian hemp 21, Shivery ancient 88. Performe shrub 23. A fancy 20. Very good = 34. Hoof 4, Befores 27, Deft (slang) sound prefix = coeie I' 23 s 7 2 }i° 29. Away from i" wind (naut.) |! 30. Modifies 31. Returns 3 ie @ loan 38. Alas! Ss le 7 36.Small water YY/ > 20 (Venice) ai 122 23 124 |25 26 37. Undressed cow hide 27 23 40. Circus funny-men 29 so 42. Spruce or hemlock iv [so G7 48. Shinto 4 “."— of 40 “ prevention” 45. Rush of i words eh deans 46 Ab metabolism . 216 DAILY ORYPTOQUOTE — Here's how to work it: AXYDLBAAX®E t LONGFELLOW One letter simply stands for another, In this sample A is used for the three L’s, X for the two O's, etc. Single letters, apos- trophies, the length and formation of the words are all hints, Each day the code letters are different. A Oryptogram Quotation NWwwond PH ATW VWEATWD NEDWHPITA.—T. A@QSED Yesterday's Cryptoquete: EAOH SUCCEEDING DAY THE SCHOLAR OF THAT WHICH WENT BEFORE IT.~ SYRUS "EN (© 1962, King Features Syn@icste, Inc.) 6-X IN3DV aguas es aD te yee. =m eg | —_ / WI GOOO- a, cna , SN Co a Sone AVON LUVMALS Never How would YOU like YOUR KITCHEN completely | RE-DECORATFD . .. free of charge? Watch The| White Hunter's ads nt. | for a special announcement. | AUN3H NiganNn WINGEY'S STUBBORN! \__ SAI / IF YOUWANTTOEND J WAaONVE JNO SHL wa133NS 2 SOONW _vNootTyd 30Fr RECKON TH’ REASON TOADLEY SNAKEPIT WANTS US TO LIVE WIF HIM IN HIS BIG LONELY MANSION, IN NOO YAWK, IS WE'LL GIVE IT A HOMELY —LIKE WE GIVE HIS CART