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Winters on March 31 tabled in the House of Commons a copy of a letter which he is sending to foreign company subsidiaries in Canada setting forth some guiding :rh@:inlu of good corporate beâ€" aviour. In tabling the letter, the Minâ€" ister ‘stated: "Honourable memâ€" bers will recall that, in dealing with questions asked during conâ€" sideration of Departmental estiâ€" mates, I indicated my intention The Government has been giving a good deal of attention, to the need for the best possible perâ€" formance from the Canadian econâ€" to formulate appropriate guidance to help subsidiaries of foreign companies conduct their affairs as good corporate citizens of Canada. Key sections of the letter follow: CATALOGUE WY o '\Vh in a . s SEMIâ€"SHEERS! wlA c. | f M CWdity ' . g;"ii (H J 6 | %? ‘1 Simpsonsâ€"Sears CC 12 Points To Winters‘ Good Citizenship Plan For Foreign Subsidiari To fulfill its responsibilities as a good citizen, a company seeks to perfect its performance thrbugh the vigorous pursuit of available market opportunities and the effiâ€" cient use of its resources and, in so doing, contributes to the sound development of the community in which it operates. In the pursuit of this end, subâ€" sidiaries of foreign companies enjoy the backing of their parent companies through the provision of financial, managerial, !ec'hno- logical and research assistance, omy and to the contribution in this regard of the many Canadian companies which are subsidiaries of foreign parents or are largely foreignâ€"owned. . Such companies have responsibilities both to their parent companies and to the counâ€" try in which they operate. along with other forms of support which might not otherwise be availâ€" able. At the same time, the fact of foreign control leaves the subâ€" ences which may not always be consistent with their own best interests and those of the Canaâ€" dian community ‘at large. Such a company may lack the decisionâ€" in line with the opportunities afforded within the growing naâ€" tional community and otherwise to develop the full potential of the Canadian operation. The Canagian Governnient is desirous that subsidiaries be free to develop their full potential withâ€" in the Canadian community, In this regard it is most important that subsidiaries should not have restrictive limitations placed upon balance of payments program, the authorities of that country have made quite clear as indicated in the communique of the recent meeting of the Joint United Statesâ€" Canadian Committee on Trade and Economic Affairs, that the "United States Government was not reâ€" questing United States Corporaâ€" tions to induce their Canadian subâ€" sidiaries to act in ways that differâ€" ed from their normal business pracâ€" tices as regards the repatriation of their sound development by their United States authorities have, in fact, reâ€"emphasized the view that "United States subsidiaries abroad should behave as good citizens of PRICE In the case of the United States 8/MPg LOOK FOR OUR WATER ! m:’."'7 Reg. 17° f TOWER AT HIGHWAY _ > . up 401 AND ISLINGTON AVE. [ AS Lo is Mess o0 ols es s omeinpeind : % M AlBiony kp. g > AS 11 I] x *, 11 M 5 Py + ** charge it o JPP N FRom torowto: J £1l 5/ : am west to & & n C Woven of durable cotton, lustrous rayon and strong stretch nylon . ISLINGTON AvE. § 9 | g Machine wash. Chair Cover, Chesterfield Cover, Curved Centre FROM BRAMPTON: ; 2 .4. a0 tast to & #| _ T( rheEWAY Seat among styles you can choose from. At Simpsonsâ€"Sears. isuncton avt. _ P e aguth waco fho ced s , widths. Shorty drapes for short, wide windows "‘Mosaic‘"‘â€"printed strips on textured Fiberglas itselfâ€"handâ€"wash, dripâ€"dry and reâ€"hang Created in the same fine fabric with the same attention to detail as the full length drapes assorted decorator colours and widths. At Simpsonsâ€"Sears ironing. In assorted colours and full â€" length SURPLUS STOCK surpluses cut your decora ting costs! the miracle fibre that practically cares for z> e | Thus. & Fri. Unul 9 £ f ti _ in Corata. 1 "irust uht "theme prin" ciples will be regarded as helpful by your company. I believe it timely and useful therefore to set forth, particularly for the benefit of subsidiary comâ€" panies, some basic principles of Desirable objectives include the following: 1) Pursuit of sound growth and full realization of the comâ€" pany‘s. productive potential thereby sharing the ‘national objective of full and effective use of the nation‘s resources. 2) Realization of maximum comâ€" petitiveness through the most effective use of the company‘s own resources, recognizing the desirability of progressively ization of productive operaâ€" tions within the internationally affiliated group of companies. 3) Maximum _ development o f market opportunities in other countries as well as Canada. 4) Where applicable, to extend processing of natural resource products to the extent pracâ€" 5) Pursuit of a pricing policy designed to assure a fair and reasonable return to the comâ€" ‘pany and to Canada for all goods and services sold abroad, including sales to the parent company and other foreign affiliates. 6) In matters of procurement, to search out and develop ecoâ€" nomic sources of supply in Canada. In DISPOSAL PRICES START AS LOW AS ... 3 22 100" â€"50" 100" 100" 100" 150" 150" 150" 50" 75" 50" 50" FULL LENGTH Length ____ Reg. 63" 63" 63" $4" $§4" 95" $4" 90" "9â€"0-7 95" 90" 95" 8) :-um.w- of a sufficient share earnings to give appropriate financial support to the growth requirements of the Canadian operation, having in mind a ~ fair return to shareholders on capital invested. 9) To work toward a Canadian outlook within management, through purposeful training programs, promotion of qualiâ€" fied Canadian personnel and T) To develop as an integral part sign capability necessary to enable the company to pursue appropriate <product developâ€" ment programs so as to take full advantage of market opportunities domestically and abroad. % wherever 401 west to ISLINGTON AVE. FROM BRAMPTON 401 EAST TO ISLINGTON AVE. 25.98 20.98 26.98 41.98 16.98 12.98 38.98 28.98 10.50 44.98 13.50 13.98 SLIPCOVERS 20.99 10.49 12.99 19.49 13.49 14.99 2249 $.49 6.49 5.25 6.15 the 100" 15" 50" 15" 50" 12) 10) 11) company To give appropriate m and to inorhloopptizen, S es lish dlwxud to further Canada‘s economic development and to encourage and support Cansâ€" dian institutions. directed toâ€" participation in the C# enterprise by the Ca public. Periodically to publish and cultural advancement of the community, 45*" 45" 45" 54* 54" 54" SHORTIES FREE P 13.49 16.98 14.98 19.98 7.98 6.15