\ ‘ run NEW president of the Prince Edward Island Teach- ers Federation. Frank Cos- teiio (left) principal of Park- daie Junior High School, and The annual meeting of th 9. board of governors of the P.E.l. Teachers Federation held in Charlottetown over the week- end. saw a large number of re- ports presented and resolutions y adopted. I Frank Costello. principal of the Parkdale J u n l o r iin School. succeeded Mrs. Marjor— ie Dover. principal of Spring Park School, as president of the federation. Thomas Hall. prin- cipal of the new Summerside Rural Regional High School. is first vice-presl nt. and Char- les Campbell. principal of th e Morell Regiona High School is the second vicepresident. Other officers include Winnifred Stevenson. Queen Charlotte High School. treasur— er: Miss Mabel O‘Brien. Morell illiS. recording secretary. After considerable discussion of the findings of the workshop held in Charlottetown the week- end prior to this one. on wheth- er special associations should he organich within the federa- ll S’side Church Dedicates Sound System SUMMERSIDE — The dedica- tion of an electronic sound sys- tem which has been installed in the sanctuary. steeple. hall an church parlor In the Summer- side Presbyterian Church. was I. Donald MacKay. The system was presented by Vaughan Groom. in memory of his father. the I ate Alfred Groom. who for 51 years “909- 50) was the water and sewage engineer of the town. and a ‘ong time member of the Sum- ‘nerslde Presbyterian Church. During the service the choir. under the direction of Raymond Pleau. sang “The King of Love My Shepherd Is". with W. Conkey taking the solo part. H . LATE NOTICES (Also see announcements in columns adjoining Classified Ad- vertising section.) MUIICHISON _. At New City. New York. Saturday, Dec 8. 1962. Rev. A.J.G.' Murchi- son. formerly of Charlottetown. P.E.l. Remains will arrive in Charlottetown Thursday even- ing (Borden train time) will rest at the Mac-Lean neral Home. Funeral arrange- ments will be announced later. curred at the home of her parents. Mr. and Johnston, on s“ 0. of Darlene "We the funeral will be h?” m at 2 0clock. Interment in St. Mary's Ohm-m c , . lflv fl 2 okun*. "‘9 Murray ‘ery. _ GgLANT - At the prince WWW Hospital. Slwrdly. G . 8. ms. Mrs. mt alum. wife of the his ‘John - Gallant. as water Street, Summerside. in her 89th year. ' “Patina t the "Ilfknae “mu, ‘""" 53:: 3: "Ni be bun 1:“ ,“.’. M11. “It to ht. furs “I'mhhllh Hus ’ I” at an. [affluent in church osmo- tion. the board decided to allow carried out yesterday by Rev.‘ JOHNSTON —. The! death oc~ l 'vlls. NS. ; i. . ‘ ' first vice-pregnant. Thomas Halli. primitpal of the Sum- merside Rural Regional High School. takes titles at the m- the matter to\stand until the next meeting of the board at Easter. The report on the special as- sociation workshop was intro- duced by the federation’s gen- eral secretary. ' na Riley. and was followed by Rev. Sister Raymond of Milan. Miscouche. and Miss O'Brien, Morel]. who dealt with a model constitution for these special associations. e executive was empower- ed to define the boundaries of the various local federations. Reports on the Canadian Col- lege of Teachers and‘ the consti- tution and bylaws were. pre- sented by Miss Mabel Matheson principal of Prince Street School. The report on the East- ern conference in St. J ohn’s, Nfld.. was presented by Mr. nus] meeting of the federa- tion's board of governors held over the weekend in Charlottetown. P.E.I. Teachers Federation Headed By Frank Costello Hall. who also reported on the meeting of the board of teacher education and standards. Mr. Costello reported on ’ the Canadian Teachers Federation meeting held here last July. and also presented the report of the finance committee. T h e report from the Canadian Edu- cation Association short course in education leadership at Banff in May. was given by Reginald MacDonald. principal of St. Jean School, who attended the course as the representative of the Atlantic region. The report of the general sec- retary. Miss Riley. was al 0 presented. The report of the federation's pensions flee was given by Thomas Bradley. Birch High School. l 3 MAX HARBELSON NA 5' UNITED TIONS (AP) '— iFriends of Adlai Stevenson say 1he neither expects to quit his job as US. ambassador to the .5United Nations nor to be as a result of the ruckus ibis Cuban role. ; There is plenty of talk in UN .corridors. however, about pos- isihlc damage. to his prestige there. There is speculation that lhe may be on the skids despite ‘assurances Stevenson has .full support of President Ken- lnedy. A “Dear Adlai" letter from Kennedy. expressing fullest cou- ,ficence in Stevenson. undoubt- rcdiy bolstered his position. But ‘many UN diplomats believe Stevenson's difficulties are more likely to mushroom ban to subside. FORCES AGAINST HIM There Is evidence that forces are aligned against him both inside and outside the adminis- over tration. Some of his friends seem con- vinced that someone high in the administration had a hand in the controversial magazine arti- ce which touched off I week's hubbub. They say Stev- enson’s views were distorted in an effort to picture him as fsv~ ‘oring a soft policy toward Cubs. fl n o. red Charles Bartlett. Cuban Ruckus May Damage Adlai Stevenson Prestige Stevenson’s associates firmly reject any theory that Kennedy himself was connnected with the Saturday Evening Post story al- though one of the authors was a newspaper man close to the president. The reasoning in the Steven- son camp is that the president and his chief UN delegate were never closer than during the Cuban crisis. They say Steven- son a voc the successful Cuban policy of the blockade and won plaudits for his speeches here. ‘CONVINCED 0F LEAK Stevenson claims that every reference to him in the Pbst article was inaccurate. but there were enough accurate statements in the rest of the article to convince him that someone high in the adminis- tration had leaked information on the confidential discussions which led to the blockade. The most disturbing thing about the leak. in the View of tevenson's associates. is that an administration official ap- parently tried to discredit him by misrepresenting his positon. Whi evensom publicly in; sists that be Is not worried, some observers his strength in UN negotiations may be capped if the Russians .lReIatives Sought ' ml... at Montreal Man , MONTREAL (CP) -- Detec- e “(I tiv .sgt. 'Leo aoisloly. attached to the Montreal coroner's court to locate relatives of J. Gormley. 82. who died Saturday n his rooming house here. Det. - Sgt. Boisj0Iy said the aged man was born in Annapo and may still have relatives in that area. It is also believed a relative of the same name may be connected with Trans ~ Canada Air Lines In Saint John. NB. weight in Washington policy- ISLAND NEWS motel. 2.: Summerside And. Prince County The Guardian, Charlottetown, Mon. Dec. 10. 1962. 3 SUMMERSIDE 0f three cars reported missing to Sum- mersdde police Saturday night. two have been located. with the third still undiscovered. A vehicle belonging to Francis Gallant. Summerside. was found yesterday near the Sherbrooke School by members of the Sum- merside detachment RCMP. The other car. owned by Camillus Gallant. Summerside. was found on the Green Road yesterday by 2 Cars Recovered Of Three‘StoIen lmembers of the. Summerside police force. The vehicle still missing is s 1956 Chevrolet sedan. black and white in colour. ow C . Eric Bishop. Charlottetown. The car was taken from its parking place on Willow Avenue. Sum- merside. Saturday night. Summerside police and RCMP are investigating the thefts. No arrests in connection with the two discovered vehicles have as yet been made. By ALAN DONNELLY OTTAWA fCPi—The Crown- owned Industrial Development Bank, its lending powers en- larged by Parliament. regis- tered s 53-per-cent jump in the number of new loans during its fiscal year ended last Sept. 30. The annual report of the IDB. made public Saturday. under- lined the rapid expansion dur- ing the last two yearstin its role of helping to finance the growth of business and indus- try in Canada. The 2.085 loans made during the year compared with 1.365 a year earlier and with only 740 two years earlier. The year‘ ac- counted for one quarter of all the loans made during the IDB‘s 18-year history. The bank is a subsidiary of the Bank of Canada. and Bank of Canada Governor Louis Ras- minsky. reporting as IDB pres- ident, pointed to two main fac- tors for the jump in business in the last two years. Development Bank Shows Sharp Increase In Lending 236.000 the previous year and 138 per cent more than two years ago. Mr. Rasminsky noted that when the bank began it was limited to loans for manufac- turing firms. Last year. 61 per cent of loans were for non-man- ufacturing businesses. Small business came in for a greater share of the bank's at- tention. Just over half of the loans were for $25,000 or less. and the average size of loan fell to 544.000 from $52,000. Mr. Rasminsky reported pro- fits of $415,000 compared with $1,193.000 a year earlier. In- $9.692.000 while expenses to- talled $9.277.000. an increase of $3.046.000 due mainly to larger staff and higher interests costs on IDB‘s own borrowings The report noted an increase last September in the interest rate charged by I to seven per cent from 6% per cent. 000. up 29 per cent from $71.- PG 3 (CUT) ALL FOUR .. .. Leaders of Canada's four major political parties join in applause for Roland Michener. former Speaker of the House of Commons. whose ’official AI.I. FOUR LEADERS AGREE portrait was unveiled last week in the railway committee room. They are (left to right); Prime Minister John Diefen- baker. Liberal Leader Lester B. Pearson, Social Credit Leader Robert Thompson and ND? Leader Tommy Douglas. The portrait will hang in the corridor behind the Commons chamber along with those of previous speakers. go." says Dr. Robert J. Hueb— ner. chief of the institute's Is- boratory of infectious diseases. But they say there is reason for more optimism due to the stepped-up pace of the research effort. as in the new vaccine By FRANK CAREY urday afternoon. The successful Scouts Ronald Frank R port; Paul Bennett Kelly, Sum- merside; and Ronald Keith Mel- lish. Charlottetown. ‘Alternates include: Robert Joseph Hickey. are: .ENLARGED FIELD One was the 1961 move by Parlia m e n t enlarging IDB's lending field to cover almost all types of business including retail and wholesale trade, ho- tels. motels and tourist facili- ties. About one-third of the year's loans were to newly-eli- gible businesses. ‘ be other was the increase in 'the number of .IDB branches across Canada from 13 to 22 in Island Scouts Are Selected For Jamboree Three Island Boy Scouts have been chosen to attend the 11th the last two years. loan 5 made in the last fiscal year totalled $91381.- WOrld Jamboree in G r e e c e. Aug. 1-11. 1963. They were chos- ey. 1st Summerside: and Mac- en out of 10 scouts who made ISummerside: and Joseph Cecil MacDonald. Parkdale. Were tested their scouting ability. inspected and interview- ed by F.A. Large. chairman. J. N. Richard. E.S. Tanton. Sum- merside. Jack Rawgk and RC. Parent. Scout Reeves is a member of the 8th Charlottetown S c o u t Troop; Kelly. 2nd Summerside; Mellish. lst Spring Park; Hick- Donald, lst Parkdale. application at Birch Court Sat-’mounted by eeves. S o u th— Saturday afternoon the boys ' the “most wa nted" villainslvaccine is slatedfor trials in a . among the common cold 'vi-lfew weeks. come increased by $2,268,000 to 1- ’ l In reporting the first large- ‘Sscale research attack ever the U.S. govern- ltnent against humanity‘s most- brevalent misery. scientists cau- tion against expectations of early breakthrough. It‘s a big field. Common colds account for 1. .000. ill- nc-.~.cs and a $3.000.000,060 eco- nomic loss each year in the nited States alone. V ‘ hunters at the Na- tiondi Institutes of Health. focal point of a multi-miilion-dollar effort launched this year. sa it is conceivable that in five years or so vaccines may be available against the most se- rious of colds. the kinds that most often strike children. But they underline the word “mava “I believe that an estimate of about five years seems reason- Delinite Progress Is Reported In Struggle Against Common Cold For one thing. the first, experi' able," says Dr. Justin M. An- A WASHINGTON (AP) — Scien-tmentai vaccine against one of drews. chief of the National In- t food produces one pound of gob- tists report definite progress in the chief outlaws is undergoing stitute of Allergy and Infectious l bier from four pounds of feed. the continuing struggle against initial trials in humans. Another Diseases. ' development program author- ized by Congress last year. Under this program. on which about $1.00.000 is being spent in the first year alone. con- tracts already have cen aw two commercial films to develop prototype vaf- cines and to two research hospi- tals to test them. NEW TURKEY FOODS I l I new high-protein turkey .Previously the feed-meat ratio “We have a long way yet to l was srx to one. ANNOUNCEMENT We wish to announce that we have added a complete service for domestic and com- mercial refrigerators in addition to auto- matic washers and dryers wringer type washers. We have the latest and best test equipment etc.. to assure you of speedy. economical service. HUESTIS TV CENTRE Summerside as well as Phone 3201 Saturday asked help in tryislil' Ass Bid Reported For Winnipeg Insurance Firm WINNIPEG ‘ tCPl—Industrial Acceptance Corp. Ltd. has is- sued s formal purchase offer to shareholders of Sovereign Life ursnce Co. in 's . .000 bid for control of the Winnipeg- based insurance company. Shareholders have until Dec. 19 to take up the offer. at a price of 8450 a share. JAPANESE ’ (Continued from page it the many good things about Canada.” WORKS A8 TWIST The 23-year-old woman says she would also be very happy if she could get a job as I typist. or any other work could do. w a company. She lists her address as so Tanetsugs Chiba. 1014 Nishi, - ore e offer was an- nounced Sovereign Life shares were Id on the unlisted market in Montreal. Peter . Curry. president. said the directors intends to accept the Sovereign of ‘ offer for shares held by them. and recommends acceptance of the offer by all other sharehold- ers. . "We have been informed that the holders of a majority of shares intend to accept the offer." he said. The formal offer by Industrial Canada's largest s of spproxi ter $115.- in fore 000.000. . t'rnmcr If?“ new Britain. is having. her copper bottom pistes «pineal with new t ownlng their own business, administered by Montreal Trust, at an s of ALL our services, just ask for our Trust Services booklet. hoth at the same time? It's quite a trick. . . attending to your regular work and keeping an eye on your own financial affairs as well. our complete financial management service can help you carry it off successfully. 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