THECIM Al MA S JlWWWiTZ -ri 1 1 t ft - 1 mm- m7vrm fetlfrVvHTWvs sm5 mrnjfj QFipTir Established 1916 AU hld 7- week n Prnce George Britlih Columbia by Citizen Publishers end Printers ltd A member of The Canadian Press AuSorlTri Second Class Mall bv the Post oif Deportment Ottawa far poyment of postage In cash J E MILLER General Manager D C THACKER Managing Editor THURSDAY JULY 5 1962 A Time for Co operation Fifteen motel onerntnrs in prinnn George met with city council last week to discuss two proposed motel direc directional ¬ tional signs designed to direct tourist traffic to the motels along Queensway Some of the operators were not in favor of the signs They lold council the signs would discriminate against motels located in other areas of the city a protest that is no doubt justified The reason some operators gave for seeking permission to erect the two signs one at First and Queens way the oilier at Seventeenth and Victoria was to pick up tourist busi business ¬ ness they claim they are not getting But there were differences of opinion among the operators Although perhaps there could be more adequate directional signs and possibly locational maps posted in prominent areas or at all entrances to the city the apparent lack of co-operation among the motel people was striking An application such as this should never have gone to ihe city in its initial stages The subject should first have been discussed by the motel operators to see if they could reach unanimous or at least majority agree agreement ¬ ment before taking up councils time witli an issue the operators obviously hadnt yet given much thought to themselves This is properly a function of the Auto Courts and Resorts Association Prince George used to have an active local Why wasnt it doing something about this Obviously the association should be revitalized Tourism is becoming big business in Prince George Citizens should look after these visitors For the motel operator who finds he is full for the night helping the tourist find a vacancy in another motel is a start toward unifying the motel industry in the city Such co operation as this would help fill the units for the night whether the motel is located on an arterial high highway ¬ way or anywhere else City council should not be asked to reach a decision for a group such as the motel owners who should be capable of reaching their own decisions Council would save a good deal of its valuable time if it dealt with matters that affect the industry only through the association Restoring the Confidence By GERALD WARING OTTAWA A little arithme arithmetic ¬ tic shows that unless large numbers of American dollars r c sfu m c their former flow northward for investment in Canada the modest austerity move of a surcharge on cer certain ¬ tain imports is not going to defeat our dollar crisis Officials explain that this supcrtariff will be applied against imports valued at about 3 billion a year They expect the higher prices due to the surcharge will to a cer certain ¬ tain degree restrain people from importing these goods That is just what the gov government ¬ ernment wants because Can Canadas ¬ adas deficit in its interna international ¬ tional payments was running at a rate of 125 billion a year prior to June 24 That meant this amount of money was being drained out of our reserves of gold and US dollars because by the start of this year the custom customary ¬ ary net inflow of US dollar capital had dried up But the surcharge is not going to redress the payments deficit Officials estimate that the five 10 and 15 per cent supertariffs will result only in a reduction of 10 per cent in the imports of goods covered by the surcharge And 10 per cent of 3 billion is only 300 million At a quick glance this looks like trying to use 3 to pay a 1250 bill But it is not that simple nor that stupid The import surcharges arc only part of a program which is intended to restrorc foreign confidence in our economy dollar and government and re reactivate ¬ activate the inflow of foreign capital that can be used to balance our international ac accounts ¬ counts The masive US dollar loans to bolster Hie Canadian doilar are intended to restore foreign confidence in our cur currency ¬ rency along with Prime Min Minister ¬ ister Diefenbakers declara declaration ¬ tion that the dollar will not be further devalued Foreign confidence also is wooed by Diefenbakers decla declaration ¬ ration that there will be no exchange controls and by the substantial steps toward a balanced budget that are rep represented ¬ resented by higher revenues from imports and ax wielding on government spending Foreign currency is being actively wooed by the increase in the bank rate to six per cent which means that a US dollar for example can earn higher interest in Canada than it can in Uie US And then there are these unspecified ioneer - term fits before taxes adjusted to offset seasonal fluctuations dipped to 912000000 for January-March from 9G1000000 in the previous three months ing 19G1 The first quarter profit level was 275 per cent profitt level was 275 per cent higher than the 739000000 profits of the first quarter of 19G1 There was a fractional gain in total manufacturing profits to 431000000 from 428000 000 in the final quarter of last year There were gains of 353 per cent in wood prodnucts 308 per cent in petroleum and coal 145 per cent in foods and beverages and 95 per cent in paper products But profit declines were equally maikeil In other in measures of a positive con structive nature that the PM promised to introduce later One of tliem could be re removal ¬ moval of the 15 per cent withholding tax on dividend payments to non - residents to recreate an incentive to US capital inflow Whether tlie program will in fact restore foreign confi confidence ¬ dence and reactivate foreign investment should be appar apparent ¬ ent within six months If the answer is negative the next step could well be tight for- eign exchange controls As one economist told me Were up against a psycho psychological ¬ logical situation meaning that this is not a question of cutting here and there to achieve an arithmetical bal balance ¬ ance but a question of re restoring ¬ storing confidence in the minds of hundreds of thou thousands ¬ sands of indivital persons in many countries If we lose this psycholog psychological ¬ ical battle he said were done for Economically Canada could revert to being a little nation trying to pull itself up by its own bootstraps and the tiny measures of austerity asked by the governments present program will be as nothing compared to the situation we would then face Canadian Profits Slip OTTAWA fn Profits of Ca Canadian ¬ nadian corporations showing a widely mixed pattern of gains and losses during the first quarter of the year reg registered ¬ istered an overall decline of two per cent from the last quarter of 19G1 Dominion Bureau of Statis Statistics ¬ tics estimated corporation pro- j Utm dustrial groups 30 per cent in rubber products 1G7 per cent in printing and publish publishing ¬ ing 151 per cent in iron and steel 15 per cent in textiles 128 per cent in chemicals and 111 per cent in non ferrous metals Non manufacturing had an overall profit decline of 41 per cent There were declines of 35 per cent in service in dustries 113 per cent in transportation storage and communication 97 per cent in wholesale trade five per cent in finance 2 G per cent in mining and 25 per cent in retail trade Profits of public utilities gained 211 per cent and a miscellaneous group of other non tnanufaclur ing firms gained 241 per cent Tame Bees Do the Trick LETHBRIDGE Alta CD An entomologist is training wild bumble bees to pollinate two of the cattlemens most valuable fodder crops Honey bees avoid alfalfa and led clover crops because the plants are a death trap for them When a nectar-seeking bee enters the flowers it trips a spring of two fused petals and is often trapped or killed Dr G A Hobbs of the Leth bridge Research Station dis discovered ¬ covered that some bumble bees have tongues long enough to pollinate alfalfa and red clover without getting caught like their tame cousins The problem was that bum bumble ¬ ble bees cant ordinarily be handled by human beings Three years ago Dr Hobbs decided to see whether he could tamo the bumble bees and he now reports some progress There were several things in his favor he says Bumble bees live in colonies as do tamo bees and the queens will set up housekeeping jn man made hives Ho is developing special procedures for moving the co colonies ¬ lonies and studying ways of protecting them from their enemies As more is learned about where bumble bees like to nest an increasing percent percentage ¬ age of Dr Hobbs hives are being occupied Twelve were inhabited In 1959 compared with 50 in 1SG1 The hives bees Jike best he says are underground in mea dowsThe occupancy rate in these is 72 per cent By placing the right bees in the right place he figuies Bennett Bond Sale Still Has the Experts Baffled VANCOUVER CR BCVs top financial mystery is who bought the April 25000000 government backed issue of BC Hjdro and Power Author Authority ¬ ity bonds The 20 year issue went on the market at 08 50 to yield 5 29 per rent Response was slow not more than 20 per cent sold in Ihe first six days despite Intensive advert ising Raid to have cost 35000 The Wall Street Journal said Ame American ¬ rican inveslors did not touch it Letters Letters for publication are welcome They most bt brief and will not be printed unless accompanied by the name and address of the writer although a nom de plume may be used If desired Opinions expressed In letters are the writers and not necessarily those of The Citizen Sir Who will care for Tippy Tippy is a dog He is not a terribly nicelooking dog but he is not bad He is black rather big but not awfully big has a wee bit of while in the front anil may have some Labrador blood in him Maybe because he is not so very nice looking and a bit shy people did not like him so much and managed to get rid of him Feeling lonely he fol followed ¬ lowed some kids on their way home from school Thev gave him something to eat so Tippy stayed and adopted them and guarded their doorstep He has been there for quite a while lie was even still watching over their house when they had gone on holi holidays ¬ days Tippy could not go with them on their holidays had he not worked for it and had he not always tiied to be a good playmate Maybe they did not really like him but he tried to be so nice When I a neighbor noticed that Tippy was still waiting for them on the doorstep after they had left town I took him something to eat Boy was he ever grateful Polymer -Expands SARNIA ICP Canadian government-owned Polymer Corp Ltd plans to form two wholly-owned subsidiaries in Eu Europe ¬ rope E Ralph Rowzec Polymer president said Polysar Ne- derland N V will be formed at Arhsteidam and Polysar International S A will build a plant at Tribourg Switzer Switzerland ¬ land Personnel from Sarnia will serve in key posts of the de development ¬ velopment Polymer began construction of a synthetic rubber plant in Strasbourg France last year The company which now pro produces ¬ duces 10 per cent of the worlds total supply of syn synthetic ¬ thetic rubber also has been asked to aid the government of South Africa in construc construction ¬ tion of a synthetic rubber operation project Mr Row zee said Douks Have Lawyers VICTORIA CP Freedomite Doukhobors have hired their own defence lawyers and no request for legal aid has been made Attorney General Bon Bonner ¬ ner said He was commenting on a plea from a group of univer university ¬ sity professors in Vancouver for a 25000 defence fund to pay legal costs for 70 Free domites charged with conspir conspiring ¬ ing to intimidate the federal and provincial government I am advised all members of the Fraternal Council of Frcedomites on trial are re represented ¬ presented by legal counsel Mr Bonner said No request for financial assistance has been made through my regular channels As far as we know defence counsel are acting on a re retainer ¬ tainer not on a legal aid basis The crown counsel advis advises ¬ es me there is no basis for any contention any of them are being deprived of a fair defence eventually to build up an army of bees with the right size tongues for the job of pollinating alfalfa and red clover Bumper Crop LONDON Reuters A rec record ¬ ord grain harvest for the Sov Soviet ¬ iet Union this year has been predicted tentatively by Pre Premier ¬ mier Khrushchev Soviet news agency Tass re reported ¬ ported the forecast is subject to continued favorable wea weather ¬ ther conditions Tass said the Soviet prem premier ¬ ier made his prediction in a speech in Moscow to a confer conference ¬ ence of farm woikers from the central part of the Russian federation Khrushchc a speech also told of increases in wheat corn and sugar beet acreage plus bit livestock boosts The sales campaign was called off suddenly Premier Bennett surprised financial circles by announcing a few days later that the issue was oversubscribed and that a fur further ¬ ther 54000000 in authority bonds woidd be issued The premier denied specu speculation ¬ lation that the bonds were taken up by agencies of his Social Credit government He would not say who bought them term lug this not Tor public knowledge TO THE EDITOR Then I left town on the lonq weekend Having a big black four legged son myself I could not do anything else than leave Tippy behind with an extra pile of tummy-stuffing hoping that this would give him something to do during my absence When I came back lie was still silting on my neighbors doorstep Meanwhile as a few more days or my feeding Tippy have passed he has changed his resilience My doorstep seems to be more rewarding He is still shy but does his very best to be a nice dog he wig wiggles ¬ gles his tail when he sees me and knows that I cannot lesist his begging eves He even tiies to sit pretty for me and to shake hands But having a big male dog myself who for quite a long time aheady has been serious seriously ¬ ly in love with a big girl dog who frequents my place when whenever ¬ ever the door is open it is in my present housing impos impossible ¬ sible for me to also adopt Tippy Of course I could take him to the dog pound but though I like Rhys Thomas I hate to think of having Tippy destroy destroyed ¬ ed He has been behaving so nicely that he deserves a chance to re establish hinielf and find a good home pre preferably ¬ ferably outside the city I cannot blame Tippy if he does not trust the two footers too much anymore and he may need a little time to readjust himself but surely there must be someone who is prepared to trade a home kindness and food for the loyalty and affection of a dog Tippy is not for sale and whoever will give him a real good home can get him but I would like to sell him for a membership of the SPCA to the person wanting to take him By the way a sustaining membership of the SPCA 5 per year includes public liability insurance of 10000 against any legal claim aris arising ¬ ing out of the action of your animals Tippy would seem to de deserve ¬ serve a good chance Will you give him this chance Mrs Hannie Kruithof LOgan 4 9718 Some investment dealers who tried to sell the bonds said the 529 per cent yield was too low for a BC issue and claimed the provinces credit had been down graded by the governments takeover of the privately owned BC Klectric utility last August Premier Bennett says BCs credit is the best in North America He discounts with annoyance suggestions of a downgrading of BC credit A Montreal investment deal dealer ¬ er has been quoted as saying there was nn conspiracy against BC in sale of the authority bonds We were given the bonds to sell We couldnt do it and we want to know whether we went wrong somewhere A bank president com commented ¬ mented We just dont see how Mr Bennett could have placed such a large issue all by himself Some financial men suggest a secret deal may have been made others that the bonds may have been placed with an obscure financial house or that the banks may be in involved ¬ volved However Mr Bennett has NEW V since said that neither his government nor any of its agencies owes a nickel to any Canadian chartered bank Some agencies mentioned in speculation about sale of the bonds include the Toronto in investment ¬ vestment firm of Gairdncr and Co the only firm re reported ¬ ported to have taken up lis full original allotment from the government the Bank of America in San Francisco with who the premier Is said to have held recent discus discussions ¬ sions and even the Social Credit government of Alberta Also mentioned as possible buyers are Eastman Dillon and Co a leading New York investment banking firm Its MAKES PAINTING A PLEASURE Beauty by the gallon for all your painting needs ifHRKftB ySwjivi W0 f P J -00lm j Corrugated paper dividers prevent breakage Moisture resistant liner assures freshness Easy-to-lose top just fold over and fasten with tin tie Freshness locked In from first to last biscuit j chairmansitsonlthe boa West CoastTransmissioi ti c - t irir9l I Frank McMahonintercsM w Calgary W The nameoTmMionaire Mahon hlmselflhas com l the spcculationWhas lb US industrlalistBHcnry i ser with vvhornTPreinier n 1J tint nnw wnTTKilnt to BC Bonds Skipped VANCOUVER CM City council has invested 10000 000 in short term federal bills in the last six days passing up higher interest BC gov government ¬ ernment promissory notes City finance officials said they will review the citys holdings in BC parity bonds quarterly to determine if it ZENITH jl a Columbia RlverTpowerl The deal waslkllled W federal government Financial observers aS1 there is no prooflthat any those mentionedas bond M ers are involvedYThe rnjsw of who boughtfthe bond just that a mystery 1 would be advantageous to turn them in at par and reinvest the funds al a higher earning rate M Officials said the citys de decision ¬ cision to invest fin Nwl treasury notes and possibly sell the BC parities stems from a recent increase in the federal governments Inter est rales LATEX sys sl Spii o to MPHQUSE PAINT w -rrJ1 ff st 111 M MARSHALL wells 1 Zenith Latex outside paint is easy to use and you get a smooth durable finish that gives your home years of beauty and protection Resists blistering dries quickly too Next time youre doing any exterior painting insist on TSf ew Zenith Latex ZZ- -ogt Bonoiv thh beautiful COLOR HARM ONY BOOKLET Choose in your own hum from h undreds of color combinations MARSHALL WELLS STORES 443 Carney Street Prince George 2002 P Phone LO 4 6025 New Peek FrearTs HOME ASSORTED A whole pound 16 Up smacking ounces of Peek Frean biscuit goodness Digestive Shortcake Nice Small Rich Tea Caramel Crunch Goldenweat All these biscuits are carefully packed in Peek Froans Home Assorted with a 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