—-—=hassador-of Kuwalt,-whose-tuler SHARE WORLD TASK 4 “Bttehit“showinz-up-oniy ont hed — = OO Se at ok 4 ssi bias Coa im Two. U.S. Marines erouch tn fungle and. keep lookout for North Vietnamese. who. have og pas wae UNDER ATT ing patrol south of the demili- tarized zone in Operation Has- _ Sheik’s Deposits _ Supported Poun: ie AP World Spotlight “ this. week examines the hist- ory of the pound sterlirg and events that brought it to its’ current- precarious position. .It- also looks at a Japanese town trembling under earthquakes and the _ progress of Argentina's new president... a ; : LONDON (AP..=At ‘the height ~of this month's ‘financial crisis, Britain's chancellor. of the ex- chequer went off.to dine with an Arab. sheik. : It was no- frivolous entertain- ished. To. defend their currency, jthe British—unlike their. Euro- pean competitors have suf- fered years of postwar sacri- fice ‘They still haven't won the battle : The pound: first fell in thrall to foreign bankers in 1931. Wall Street had crashed, taking the world’s industry and much of its currency down with. it... Foreigners pulled money out. of London’ and- Britain needed cash. The price set-by New York benkers for a loan was a 10- per= cent ‘cut in unemploy- ment - benefits and Britain paid ment. The sheik was the. arga:the price: £300,000,000 ($900,000.00) has After the. Second World War “____of his oil profits on @€posit in Britain andthe US. assumed ~£ . ~ © Gord's My ‘Shepherd, Hold Thou * Continental's major “construc: | My Hand and All The Way. My jtion contract goes to Britain's | ~London...-If. he. withdrew money, collapsed. : A= century ago the pound! sterling was the unchallenged »tuler of the. financial world, backer of American the the role of bankers. to the world. the pound could have'But-the..war-had—depleted Brit: ish reserves and left the na- tion's. industrial’ machine- creak- ing with age and exertion. The British accepted a wage tailWays freeze and boosted exports, and jute mills in India.~Tre even before falling US. prices profits came home England rich _ "Today its DEATHS — MacKENZIE At Camp Gill Hospital, Halifax, July 31st, 1966 James B.. MacKenzie in his 77th year. Resting at the Andrews Funeral Home until noon today, August 3rd, then to Hartsville Presbyterian Church for funer- al service commencing at 2 p.m. Interment in the church ceme- tery. In lieu of flowers, contru- butions to’ the Crippled Child- ren's Fund would be appreciat- . ed. MURPHY — At Vernon River --on Tuesday, August 2nd, 1966 Mrs. James Murphy formerly. of Peakes. Her remains were for- warded on Tuesday evenittg ‘from the Jenkin’s Funeral Home to the home of her son-in-law and daughter, Mr..and Mrs. Ar- thur Wright, Vernon: River. Fun- eral Thursday morning, leaving value has dimin- the house at 9 o'clock. to St. | Cuthbert's Church, St. Theresa's for Requiem High Mass at 9.30. Interment ein the Church ceme- oF ciate ae : oink to make jin 1949 forced devaluation of the pound from around $4 to $2.80 ‘$3 Canadian). ~}+--European...countries.— devalued ;(France twice) to keep export ‘finance In balance, but. in Brit- ain the value of $2.80 to the ‘pound became a sacred article, of political faith. Devaluing again would. have meant admit- ‘ting defeat as- a world banker. The cost was enormous. British banks earned: millions every year lending ~pounds to jforeigners — money that could jhave stayed ‘at home to mod- jernize industry. Foreign. profits imasked trade deficits. The sterling deposits of the Commonwealth, now — totalling £2,400,000,000, stayed in London jand helped finance overseas in- j\vestment. |LOSES_ BUSINESS | But Britain began to get less and less Commonwealth _ busi- ness. Now non - sterling coun- jtries lend the Commonwealth \fhree times as much capital as [London does. : | As a trading currency,, the jpound had to be {And like the depositors in any ibank, the traders have _ pulled jout their ‘money whenever they [believed the bank was over-ex- | MOSHER At the P.E.1. Hos- vital, August 1, 1966, Douglas V. Mosher of 130 Elm Avenue in nis 45th year. Resting at the MacLean Funeral Home from where the funeral will:.be held today August 3 with service commencing at 2 p.m. Inter- ment in. the Peoples cemetery. BAIRD As the result of an accident, on Monday, August 1, 1966 Laurie’ Ann Baird, two- year-old daughter »f Mr. and » Mrs. Wendell Baird, Richmo: Restjng at the Bowness Funeral Home until nooa today, then tto Saint John, New Brunswick for funeral services: Visiting hours 4 Wednesday 9-11 a.m. 29th. ‘from. >Freelandgs_ Pr: WESTERN FUNERALS McKAY FUNERAL — The funeral of Hatry M. McKay was held on Tuesday afternono from Freeland Presbyferian Church where. servic was conducted by Rev. R-S. Hill. Hymas were The Saviour Leads Me. Members of the session acted as honorary pall bearers.. The organist was Mrs. Frank Hafdy. Pal. bearers were, Ivan Hardy Edgar ,Oat- wav. George Tuplin. Wes Pal- mer, James Motan and William Palmer McKAY FUNERAL - Kay was held on Friday, July ‘esbyter- an Church where “service, was tonducted by Rev, R-S. Hill. The. organist Was Mrs. Frank Hardy. ° Hymhs sung were, The Lord’s My Shepherd and Abide With Me. 'Pall..bearers were Milton Palmer, Frank,Hardy, Regisald Palmet> Harold Millar Joseph MacArthur. © a x The fue: Ameritan oil | aef for Mrs. Mary Jane Me: |have led the world in refinery! «We can't lose on the federal arid | “S itended. They did {ft in 1956. when they ithought Britain didn't: have the \resources to fight the Suez war. \(It didn't and was forced to after lwithdraw from _ Suez Washington refused a_ loan.) They did it again in 1961, when they thought the British econ- fomy was weak. PEs They did it in 1964, when the Conservatives piled up the larg- jest. trading deficit in history. and ltheir Labor successors were nd, |Judged unequal to the. task of monopolies. coping with. ft. They did it this month, when jconfidence collapsed in Brit- jain’s: ability to raise production without inflation. MATSUSHIRO,’ Japan ‘(AP)— lOlL AND GAS jase Canadian capital market | jalso = has beer studied as al source of funds for the British project. : Power-Gas Corp. Ltd, ‘which! jwill build the processing facili-) ‘ties, at. a price of $66.000,000. Sir. Maurice Fiennes, chairman of Power - Gas, told reporters, |this was.a great decision. show- ing “immense courage by the men who have taken it.” corporations, jconstruction. arid usually con-| tracts for building new plants | taken. previ ous construction. |This was something Powet-Gas jhad to fight, Sir Maurice said. | It was ‘difficult for a British! firm to challenge American bid- | ders. Now a British. firm had! succeeded. It ‘had “‘hroken the | ring.”* vel nee is 2 be f ’ Promises Proposals + MONTREAL ‘CP) -— Clar- ® Western and Central Districts: |-The Guardian, Charlottetown, Wed., Aug: 3, 1966. 3 # Campbell day he plans to-stay in Denver a day or two longer, then ga intends to go to New Kensing- ton, Oa., where he -has a con- struction -. business. * Before becoming an 9 AFL player with Buffalo Bills and thea with the Broncos, Gilchrist League with Hamilton Tiger- Cats, Saskatchewan ‘/Roughrid- ers and Toronto Argonauts. Maury Wills to Toroate.’ Later he said, he: played in the Canadian Football! ¢ John Hightower, veteran Associated Press diplomatic reporter just back from sounding out European NATO capitals, looks at the changing contippnt. -%” 4 > ot gyn By JOHN HIGHTOWER "WASHINGTON (AP) days than an Second Warld disagree’ .on they also differ on- present’ dan- To Play Third LOS: ANGELES (AP sence = Camphe!ll _National i Hockey League president, said ‘Tuesday his organization ‘will, have quite a proposal" for the} gers., -Maury ‘Isand News Page Poltical Differences Wi nit In American And NATO Capitals snounece, the Viet Nam. conflict |bigger ‘than the actions of: any iwhich ts costing the US. scores+single | -z,, the |ican-tnfluence. : political distance. between)’ antagonism to the US-Viet- Tesent, but, which at least deal|dream of a more peaceftil and Washington, and “NATO capitals snamese . policy” is ’ across the Atlantic*is greater to- in france wheré it ranges from y ,time since the \high officials of the de Gaulle ASIA I War. Leaders of |governmént to marching dem-| q¢ |the faltering alliance not only jonstrators in Paris’ long-range goals, ‘Concord The. North Atlantic Treaty Or- does not seem {8 get through to US Wills, the base-stealing- short- Sanization. is being maule.d ithe NATO peoples of. Europe.:. ; _& idening leader. The. Europeans, jeo8 John |that of lives-and $1,000,000,000 every jin suni, see evidence. that the month aa 'UsS. is absorbed in Asian ‘issues The more deeply the U.S: be-|- % Viet Nam, the more western|in European affairs with —poli- | Europe; pulls away from Amer-/cies which they sometimes ap- ‘prove and sometimes_ bitterly most evident With problems that are close to | m jhome.- = = i Roe | S CRUCIAL | If there were any doubt whefe Place dela}major U.S. ‘attention is fixed, Johnson's argument Johnson himself undertook that the U.S. is waging a stfug-: dispel it in a speech -July 12, gle for freedom everywhere when he proclaimed that the is a “Pacific power’ and }told the world: ‘‘Asia is now the, ‘erucial arena of man’s. striving nee coteecroauamm) “3: > are, end Moscow, the whole son. policy bogged down, The appeal of de Gaulle's Europea reconstructior ef forts, controversial though fhe: are, may prove to be his major source of; strength in ‘trying -to construet the leadership pesi tion for France in western Eur ope His critics in Washington particularly -are quick ‘to his fledgling atomic ‘force will Always pared—with. those of the U and Russia. And he has pared down conventional’ Ffench mi! S |~-which they often do not like— litary strength to concentrate on: ryi¢omes involved in the war in|while France has taken a lead nuclear weapots . aa Gaullé cannot match -the Say. e small ‘as com:, “ big countries in real. power, but Sf he can hold out. to Europe. the normal continent and hope té gZenerate support from. his ef- forts to achieve it. He may also tefmper- the re- ‘sentment he has so far aroused | to | by becoming, now that he has made his break, more of an alk than seemed possible last spring. OUTLAW GLUE -. SNIFFIN Gg CK just taken them under fire dur- tings Two Marines were killed 10 vears by. then [Canadian Amateur Hockey .As- sociation when the ‘committees of both groups mee Mea here; Aug. 18 earlier in the fight AP Wirephoto)’ |Wednesday this rural Japanese. town. marks an anniversary. it would rather forget—a_ vear filled with 500,000 earth ttem- ors. i : “The tremors will probably last another six months," pre- dicts Mineo Takehana, director of the Matsushiro earthquake cbservatory, ‘‘but I, don't think there will be stronger shocks than - before."’ Almost —e-v e-r-y—_weed——and plaster house in this town. of-22, ‘600 has been damaged. Wooden props: keep, many standing They quake shave brought ideath to one resident, injuries to several and insomnia to ~Many..#-The tremors also have hurt business. cet f Located 112 miles northwest of’ Tokyo, on‘a-plateau covered jwith rice fields and apple: orch- ards, this once was-a favorite | Spa. . MOST: SLIGHT ‘ Most of the tremors. have . seismographs. But the observe- tory has cotunted—3.540-shocks of ‘force -2- (capable of causing a islight—-movement—of .doors!.on the Japanese. scale’ of 7. There “have been 333 of force 3 (makes windows rattle): 36 of force 4 in future (enough to. shake ‘houses) and seven of- force. 5 (violent . ipires June 30, The two governing podies will day meeting later this -vear session will discuss “the full ‘Zamut of the agreement.” The current agreement At last vear's ‘annual meeting in Victofia, the CAHA voted to jend the agreement the contract contained a clause which called-for two years’. not-| ice of termination. by either party, thus holding the CAHA to the agreement. until June of next year At this’ vear’s annual meet- ing, the CAHA executive asked permission of the general mem- bership to submit proposals to ithe NHL with an eye to rene- gotiation The controversy hinges on the ‘distribution of funds paid—by- the NHL for: amateurs drafted to eo professional ranks, and sponsor- Hundreds of - gir] ship of amateur clubs by ros. _ Games Name To. Change _ KINGSTON, Jamaica “Empire’’ removed most a meeting here Sunday. _ The- Games execitive decided Monday night to recommend-to the general ‘assembly that the name of the competition should be known as n “British: Commonwealth Gam- certain to; be—approved. at However, | word the title ‘British Empire and- relations 54YS attempt to renegotiate the pro-|night in Pittsburgh fot the first | amateur agreement at the one-|time in two years because of | i’ The NHI. president said fur- bandaged right knee. John Ken- | § ther meetings likely will be held nedy was at shortsttop most of |Peril but the imitial the game. - could ‘prolong his baseball ca-|hind the Iron ‘Curtain, | worry | 1967, and will/reer by shifting to third” hase |MOW about ways of promoting} have ‘run. nine of the proposéd| but any such decision is a mat-|Tade,. travel and politics with perl |Monday. for a medical examina- | . ve c (Reut- turned out to be tersi-A proposal to. have they fro Commonwealth Games” {s al-7 |\U.S.. labor department -has ap-. -him to favor the right knee |View. of ‘many Europeans, U.S. |have been blamed. on de. Gaulle, |war in Viet Nam and related | stop’ of Los Angeles Dodgers, |about'and reshaped to’ cover a|MAY CUT BACK {NATO has declined. ‘Europeans | forces in Europe unless the Eu-/afliés. “But who once worried day and night jropeans do mor b5 jabout-Soviet- power masked be- defence. t his Parallel © diplo- | e for their: own matie campaign to build new jeconomic and cultural ties with | He chided them for applying |the European Communist -coun- | a double standard — protesting |tries seems to have widespread | against any American reduc- | acceptance. jtion, but protesting also against; Furthermore, his drive to the ‘any American effort to get|East isin line with Johnson’s them ‘to increase forces on ‘the |announced policy of: two years | Great dan-| ago to construct bridges _be--| Tt long has been manager Walt Alston's feeling that Wills of time and the. co |the countries of the splintering the knee. ‘Soviet bloc. . A club spokesman said. {t HAS OTHER THOUGHTS yw is obvious that Wills can|‘ These are the tides of change | grounds there is no not move as swiftly in either which President de Gaille of ger. = tween: western and eastern Eur- |- irection as when he is: sound France is trying-to harness to! These are elements -of the lopean. countries, But with the | direc and that playing third enables {his . purpose and which, in the | crisis. ii NATO which often spreading complications of the | ndittion | 2 WORTHS | he may have to play third |European defence front that ‘h-| They are not even deeply. con- : HOUSTON, . Tex. (AP)—he t base for the rest of the National, creasing numbers of Euro- cerned with military proteins ine eepeneeuee ap ander and city council has passed. an League season |peans themselves consider less nearer home. Early last week De Ggulle’s policy of splitting 2"! #lue-sniffing’’ ordinance ; aad less thi d. On this i i ' fp nag raulle-s_policy.-of splitting 14” prohibite-the- sale ving }- Wills played-*third—--Monday-}24 Jess. threatened. On this _iss-jat..a meeting .of NATO defence |the.NATO..m.i-litary_system, |i. Pe ale, -BIVINg- or Mean i States and, its: ministers in Paris. U.S. Defence | withdrawing French ‘forces | eee, - a mm coe ATQ allies seem. hardly to|Secretary Robert S McNamara from NATO as he did July 1/00 ainmg any of 12 solvents .to |his twisted, swollen and heavily |SPeak the same language. |was reported to have told the and trying to ‘diminish Ameren under.__21 Otfendere The’ sense of urgency and Europeans that the U.S. might jean leadership has been repu- could be fined up. to $200, that ‘once invigorated |he compelled to reduce. its {diated by allythe other 14 NATO | PHARMACY QUALITY ORUGS SERVICE SAVINGS We Dispense any Prescription y ® J. E. H. Worth 1914. Reg. Pharm. . Free Delivery and Mall - Service, 142 Prince St, Phone 4-3424 — 4 Years in Business — ° more than when he’s ‘playing President Johnson ignores be- but which appear to be much antagonisms between Washing- §- shortstop. cause of. -preoccupation with . : a A e Even :a_ brief swing around | -Twestern Europe suggests to a “|U.S. observer that the U.S: and | jits allies are badly out of tune with each other. To the allies, | No Doubt - hi e : T IS Time _\the cold war in Europe is over, | . but ‘to <the U.S.. the hot) war’) KINGSTON, Jamaica‘ AP) = | syainst- Communist conquest . in Plan To Attened The -- - athletes viet Nam Is the dominant. re HIGHLAND GAMES. - queued up .in their neuen | ene el a ae : L or d S elki rk Pp ark : ; ; =. ELDON.- 2 Saturday, August 6th _ : jatively ‘prosperous and—secure | continent,~ generally {gnore, | . Pipe Bands, Piping. and Dancin Lo | #thletcs = , lwhen they do not bitterly de- | of the British Empire and Com- | = = Local Events 10:00 a.m. monwealth games in Kingston. I FLEXALUM : Open Eventa 1:00 p.m. The. reason? A girl athlete | Official ‘opening. by the Honorable Thane A. ition to make’ sure they are males. é “The examination came. three days before the official~ opening irned out a man in. the> Rome: Olympics in 1960._ Canadians’-Entry| Given Approval _ “WASHINGTON (AP* — The | t.Add bright new beauty to your home. 2.2. > 2. Ends painting- and exterior: maintenance for good, * 3..Cut heating costs... ° ~... -4, Increase the value of your }) property substantially. ~ — proved the entry of 3.790 Cana- dians into Maine for this’ year’s potato harvest. ‘Senator Marg- convertible. | (Continued from page one) | \eare=proposals..but..has..said. the. “te those—who-had—under- Britis —“Conmbta a ee ATOM FIELD | J, O. HORNBY a laret. Chase. Smith (Rep. Me. _ Campbell, Chief Justice at 2:00 p.m. ree enough to erack ¢onecrete when the Games were found- re “41 Roper. Drive - . 894.8049 walls). < ai ed in 1930 they were known as nid Monday. _. The quakes reached an Initial the “British Empire Games.”' Peak Nov. 22° when seismo- then, with the withdrdawal .of | “Sraphs—registered—~-more—thal<ome of the members'trom. the? 2,000 jolts. Three suceessive | British Empire, ‘kthev were | force 4, shocks. nearly the town The tremors then decreased for a time. Another peak came panicked changed to “British Empire and | ‘Commonwealth. Games." In recent’ fears efforts have | been. made by several countries April 17.. In a 24-hour_ period tis fae ihe wood Aine” there were 6,780 jolts, -ineluding | punged At “Perth patente : 66] strong enough for people to four years ago the move failed feel ; This time it is expected to sue- RUENOS AIRES (‘AP)—Lt. Ct. : , BOYS’ DRESS: SLACKS '— Sizes 8 to 16. Reg. 3.98 _— NOW 1.88 CHILDREN’S LAMINATED JACKETS | - Reg.-4.88 1 99 NEW SHIPMENT ARMY MATTRESSES NOW eo I Gen. Juan Carlos Ongania leaped aboard a -tizer June 28 i as revolutionary president. of Cookie Gilchrist Argentina and ‘has ridden a i month almost’ as easily. as he On Reserve List sits a polo pony. pbk 5 But there are indications that DENVER, Colo. ‘AP! — Den keeping the tiger tamed may Ver Broncos said Tuesday be-another -matter: : Cookie Gilchrist, 31--_year — old Only the bare outlines of the. tu!back—who—says_he_doesa't government to come were vis-, 20 to play for, Denver, will ible in the first month: free en-|De Placed on the ~ ‘American | terprise,- reconstruction of the Football League's reserve list. ‘social security system, ardent Jim Burris Bronco executive leourt té foreign capital. a na. | Vice - president, said - this is tional housing program and |\C@uivalent to suspension "since lplowing under all vestiges, of | the league: has no suspension communism. list... ree : Ongania so far has made no. Gilchrist said Monday night, |more than ‘a scouting approach |pr be thee tk ion to Argentina’s major problems. |. San Ee |He figures to ua tomer an is that he was quittting the t least 10 years -solving them with a year left on his | First of all there's a trotting, YO" contract. : '. Coach Mae Speedie disclosed two- MEN'S ARAZONA RIDER JEANS Sizes 28 to 42. Reg. SINGLE BEDS WITH SPRING Like new condition. ARMY INSULATED CANTEENS Reg. 1.98. 5.95. | _ NOW 3.88 Ss ‘i % vow 8.00 . BACH 1 .66 | WOMEN’S & GIRLS SLIPPERS - FEATHER & FOAM RUBBER PILLOWS CAMPERS SHOVELS Short handles, ideal for car. vow 88C race 1.00 1.39 - BACH jinflation. He'll have to battle ai “pri i jboth labor and business if he that the Broncos had been work- bake new, cotton & apring fee 5 00 puts a limit on wages and/ing on a possible trade with e S qd : prices. ‘ jOakland Raiders, also of the | AFL, involviag Gilchrist. but : He rae! FACES BIG DEFICIT lthis has been CAMPERS MESS TINS | Ongania has to solve the tre-| Cookie. a vetteran of 12 pro- |mendous national budget defi- fessional. Canadian and Ameri- icit..To do this, he must revise can grid campaigns, said Tues- ‘75¢ 2 tins fold together : NOW ¢ ; lowned railroads. and other. state HEWITSON DRESS SHOES Styles. Reg. 11,95. a | CAMPBELL t 95 MEN’S ALL LEATHER SANDALS ° MEN’S & LADIES FULL LENGTH PLASTIC RAINCOA Reg. 4.95. Now 95c TS Plugs into lighter —39c MEN’S CASUAL SUEDE SHOES — CAR SPOTLIGHTS jacket. 1.98 ithe inefficient government- | | NOW NOW Reg. 3.95. NOW ‘Continied from page e@ne)- = * : oa era cee A oil puspens -| LADIES ITALIAN MADE-SWEATERS| MEN’S BLACK SHIRTS a atould be a tederatorovincit «id data cow. 29C| Res. 11.95. B95 | Smal inedium &targe. Reg. 2.08.4 DB e a cuss i j ' 4 « ; 4 4 : ;mechanies”” of Ottawa's plans. | : j Pre ‘ fe ! NOW s Cae NOW NOT CONSULTED ' —- é a ie wtenneey tee | IN HOSPITAL OVERSIZE LADIES DRESSES MEN’S SUMMER CAPS WORK BOOTS*° “4 > = | lities for ann cls p.§ Gas Co. Utd, -a-leading Cana: | announcing thet it) ates ' : 6, jdian oil producer. Brown said “Grace Currie of Borden tentions on. medical care -with- ab ; { » ; Sais is a patient in the Prince County : : . : . ' out consulting the provinces. ‘ : (Sizes 38 to 55). Reg. 5.95. 3 98 All sizes, Reg. 59c 29 -', |Hospital where she derw es ° : ° . . Premier John Robarts of “On- lacey: ee eer en : NOW .- a NOW Cc hoots. All sizes. tario has been atmost. non-com- IN HOSPITAL Just arrived Army, Navy, Air Force work PAIR 5.00 mittal. on Ottawa's medical Mrs..Ered.Smith,. Alberton, .ts Ontario Medica! Services Insur- a patient in O'Leary Commun-’ ance Plan, introduced ‘at this ity Hospital and Harry Lewis, | session of the legislature after 'Cascumpec, is:a’ patient in O’- stormy (debate, probably. meets Leary Hospital. se | federal requiremnts —_- _ Ross Thatcher; the premier of iy Saskatchwan, was the only provincial chief ‘interviewed St. Anthony's Parish. Wed., August 3rd “MEN'S “KOROTRON’ CASUAL PANTS] Baked-in press, never needs ironing. Reg. ee NOW 5.88 ’ Tuesday who. seemed: to favor Ottawa's intentions on medical care. - i ° nS M MAIN STREET ~ scheme,’ Neither he told a reporter Newfoundland nar resented at the premiers’ talks The closed meetings = con: tinued. all day Tuesday and some premiers and their aides Hot dinners served from 3 - 9 p.m. bea Ahan all Raa fe- Games and amusements 2 pid tival . vy. Wednesday for a/ Miiias Make se : performance of Shakespeare's: for young and old. Open EverxDay & Henry*V. : We're expanding and wish to clear out stock to make” room for new merchandise. SALE WEDNESDAY - BE EARLY! AR SURPLUS WwW r :30-a.m. to 10:00 p.m. ineluding Wed, ‘afternoon and Saturday evening STARTS TODAY = %