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Every time you make a bank deposit at the BNS you help keep the wheels of Canadian industry turning. Through its nationwide system of branches, The Bank of Nova Scotia puts your money to work in cities, farms and in factories across the country, This investment in Canada helps provide greater employment opportunities and a higher standard of living for us all. The BNS statement below shows Police Free Driver In Radar Case The Oshavon Somes TORONTO (CP)--Police have decided not to prosecute Martin|YOL. 87--NO. 274 OSHAWA-WHITBY, FRIDAY, NOVEMBER 21, 1958 PAGE SEVENTEEN Koch for warning other motor- ists of a radar speed trap. miles an hour in a 30-mile zone Kerr said Koch will not receive "an obstruction summons. He] " 4 " A OTTAWA (CP)--Profits-in the|* place them before the public will get "his speeding summons : when not justified. There hel and that will be all food industry came under vigor- i rea). should also be exercised over pro- ducers and distributors. see to Quebec Unionists, Communists swrhiin | Attack Food Industry Profits "Through efficiency in distribu. tion, greater productivity and mass selling, the food industry The police commission willjous attack today as the royal study advance warning for mo-commission on price spreads torists of radar traps at its next completed 30 days of public hear- meeting. ings. The Canadian and Catholic Con- federation of Labor complained of Three Return linadequate statistical data about profits and the Labor-Progressive S { I Bl (Communist) party said producer a e n aze edly gouged" by supermarkets, MADOC (CP) -- Joe Twa, his|chain stores and big processing wife and child showed up at the|firms. night, ending speculation as 0/100,000 workers mainly in Quebec their whereabouts following a fire|pyovince, urged: federal and pro- that destroyed the apartment|yincial governments to establish they lived in "price arbitration" boards to su- The fire occurred Monday. Po- pervise the setting of prices. Yice accounted or the 8 other These bodies--something like a people whe lived Io he bulging peacetime prices and trade board Twas. The ruins of the $200,000 blaze were carefully sifted on the {price increases by producers, ba- |sic Industry, and distributors and and consumer are "cold-blood-| police station here Wednesday The CCCL, representing some | AGRICULTURE EXCLUDED Retailers would not have to re- quest permission to increase prices, but should be "subject to inquiry." Agriculture and co-oper- atives would be excluded. Producers, distributors and en- terprises subject to the suggested legislation would not be allowed to increase prices until one month after arbitration board approval. Petitioners applying for price increases would supply the court with information about their fi- nancial situation, markets, costs and past history. "It is undeniable," the CCCL said, "that there have been a multitude of abuses in the domain of prices in Canada." --would evaluate requests for| lowed to set their own wages. Su-| | Canadian workers were not al-| pervision over wage - earners chance that the trio had been in- ILPP ATTACK {has succeeded in / minim The Labor - Progressive party higher costs. The average isig said food chains are extending gian today can secure much more their grip over Canada. Retail|food for the same amount of work food prices were coming Hades than he did 10 years ago." monopoly control, as sum up in the term 'administered SUPERMARKETS PRAISED . prices." Mr. Loeb also praised the su- The "super profits' of the groc- permarket, criticized three times ery chains were a new factor in|within four days in the last week increasing price spreads. of hearings. Therefore, the Labor-Progres-| "It is our opinion that no other sive brief said, the royal commis- retailing method has made so dis- sion should recommend that "all tinct a contribution to the econo- profits over and above a reason-\mic welfare of the nation as has able fixed return on capital ac-|that of the chain supermarkets." tually invested, should be taxed| The wholesaler's point of view away from the food processors oi the wholesaler was also given and distributors by the federalfin a brief from the Canadian government." . {Wholesale Grocers' Association A defence of food distributorsiand the Province of Quebec came from Bertram Loeb, pres- Wholesale Grocers' Association. ident of a wholesale distributing] Aime Boisvert, an executive of company serving 113 food stores both organizations, said the popu- and 2,500 retail merchants, lar image of the wholesaler as a "It is our opinion that the middleman is outdated. He now spread between farm prices and was a "mentor, a trusted adviser consumer prices is not unreason-|and friend" of his suppliers and eM police he and his fam- Radiation Drug ily had been visiting relatives at| Fort Erie. On the way home, wana de In Test Stage friends | Biologists at this Canadian|and the tests still are in a pre. atomic centre have launched ex-| liminary stage." periments with a drug which] Parathormone is a material ex- mav help to protect man against tracted from the parathyroid deadly atomic radiation. glands of cattle. These glands - B.C. Jubilee Research with rats indicates in cattle and people--are located that the drug parathormone-- | in the throat and enable the blood FORT LANGLEY, B.C. (CP)|pivides best protection when it|to maintain a stable content of The birth of British Columbia js injected immediately after ex-| calcium. was commemorated Wednesday posure. to radiation and to a les-| Research with parathormone is at this former Hudson's Bay| ger degree before irradiation. |being conducted under direction Company fort site where 100| But the bilogists make no claim of Dr. Raymond Rixon, 32+vear- years ago the province was de-| 4c yet that they are even ap-old Vancouver physiologist, and clared a colony of Queen Vic-proaching the stage where the Dr. James Whitfield, 27-year-old toria. drug may be used to protect hu-|Sarnia cell physiologist When Sir James Douglas came mans against highly radioactive, They say experiments over the to be proclaimed the colony's products from atomic bomb ex-|last 1% years show the drug pro- first governor he travelled up the plosions, accidents in atomic tects rats against levels of radia- Fraser River by sidewheeler. power plants or from other con-|{tion that would kill most rats When Governor-General Massey ditions under which radiation is not injected with parathormone. and his party came Wednesday produced About 75 per cent of the rats they travelled by limousine over, 'We are very pleased with re- which received parathormone one paved roads sults obtained so far in these ex- hour after irradiation survived, The little community of about periments," Dr. H. B. Newcombe But 75 per cent of each group of 1,000 people was decked out with head of the biology division of| rats without protection died. flags. There were men in beards Atomic Energy of Canada Lim- There was no indication that it ------ CHALK RIVER, Ont. (CP)-- search has been only with rats | customers. able," said Mr. Loeb, INTERPRETING THE NEWS No Western By JOSEPH MacSWEEN Canadian Press Staff Writer An outstanding feature of the current ruckus over Berlin is that the Western nations are standing doubts and soul -searching that fed the Qu crisis. Division In New Berlin Scrap The warning is plain that the West would not hesitate to use force if necessary to keep open the life-giving corridors to West Berlin and its population of 2,200, staunchly united without the 000 Khrushchev thus may have lundered onto a Despite the official unity Western governments at the height of the Q d y whep he d his att t by new means to achieve what there was evidence that the peo- ple themselves were aghast at the risk of war over a few Chin- ese islands, whatever their stra- tegic worth. Nikita Khrushchev's implicit threat to freeze the Western pow- ers out of Berlin has evoked a and on high-wheeled bicycles and | ited, said in an interview. provided protection against de- top hats celebrating 100 years of| "We are making no claims as velopment of cancer or leukemia notably different response, one of uncompromising determination |St€P toward the federation of the his pr , Josef Stalin, failed to do 10 years ago. Perhaps Khrushchev would be willing to settle for a lesser gain, Western recognition of the East German government, but even this appears beyond the bounds of possibility. Such recognition would be one what your money -- and that of over 1,000,000 other depositors -- accomplished in 1958. Highlights of The Bank of Nova Scotia's 127th Annual Statement as at October 31,1958 ASSETS --the Bank's resources and how they work for you $247,872,764 cash, cheques and due from other banks This is like cash in the Bank's till to ' service the cheques which BNS cus- omers draw on their accounts, These funds (mostly Canadian Government Bonds) help finance {Vg varied Government activities such as * . the St. Lawrence Seaway; the National Harbours Board; Wheat Board payments; our National Defence needs. Other investment funds go into the building of schools, highways, new plants and equipment--to make more of the good things of life available to us all, MBT,091,269 investments A 1] ra] $133,136,698 call loans, secured This money, lent to investment houses, is subject to immediate recall if required. = $797,867,038 other loans, less provision for estimated loss Our customers in Canada and abroad borrowed this amount for all kinds " of personal and business purposes. These loans help finance the purchase of materials and the sale -- distribution of goods . . . from the cutting of trees in the forest to the sale of refrigerators . . . from starting a business to improving a farm or home. Loans of this nature are the lifeblood of $31,263,962 customers' liability . under Letters of Credit This is the amount customers are 'pledged to repay the Bank for funds it may pay out on their behalf under Letters of Credit, covering trade in Canada and abroad. $26,803,272 bank premises and other assets Most of this money goes into a con- tinuous p: e of improving our : branch Acilies so that customens can do ther banking more pleasantly and easily. LIABILITIES ~ money entrusted to us by you, the customer . $1,595,474,227 deposits More than a million cus- tomers now bank with the BNS. They deposit their money for a host of reasons --to meet business and household needs . . . as a retirement fund for the future . . . or to finance a college education. Our cus- tomers place these funds for safety and convenience in current and savings accounts, personal chequing accounts and such special accounts as the Bank's unique PSP. gh th $31,263,962 Letters of OX This shows the amount of credit the Bank has guaran- teed on behalf of its customers buying from suppliers, particularly those ab This encourages the expansion of foreign trade and in this way helps develop new outlets for Canadian goods and services . . . another way the Bank helps the wheels of industry go round. $6,011,237 other liabilities NN This represents money set /q a aside to cover expenses =. which must be met, but are not yet due . . . such as our 1958 Income Tax. WHAT THE SHAREHOLDERS CONTRIBUTE > $71,285,567 capital paid ed up, rest account and AH undivided profits The shareholders -- the real owners of the Bank--- contribute these funds which protect the interests of the customers. They thus ensure the strength and stability of the BNS and help make possible the Bank's increasing contribu- tion to the growth of Canada. TOTAL RESOURCES $1,704,024,993 The BANK of NOVA SCOTIA More than 500 b h Canada and in Lond New York --Jamaica--Cuba--Puerto Rico-- Deminican Republic --Bahamas --Trinidad --Barbados. Correspondents the world eves. progress for Canada's Pacific|yet about the effectiveness of in surviving animals. However, province. the drug for humans, Our re-the survivors were sterile. two Germanys--East and West-- Gon on Bc ice r bullying that the Russians haye been ad- or cloying subterfuge. vocating for years with the aim of bringing both under the Com- munist system. But the West has been stand. ing firm on the Geneva agree- Deut of 1955 by which the Rus- joined their wartime Allies in accepting a formula for the reunification of Germany on the basis of free elections. The elec. Rolie, of course, have never been eld. Where Stalin tried to direct blockade of West Berlin, which is an enclave 100 miles inside ! |East G y, using Russi A [troops, Khrushchev apparently proposes the use of East Germ- an, This may mean increased man- to-man dealings between Western 7 lofficials and East Germans, but not necessarily any formal recog- else but Russian puppets. . | The existence of a free enclave within East Berlin is a thorn in : |the side of Khrushchev while ob- This new ceilin 100,000 noise and have the famous J-M Lig ceals nails or staples, aids ali your J-M Building Materials Dealer. For your copy, visit the J-M Building Material Dealer When noise strikes ordinary ceilings, # bounces back un. diminished. 'With Fibretex, un. wanted noise is trapped and rbed. JOHNS-MANVILLE BUILDING MATER Oshawa Wood Products LTD. Oshawa oud Producls coos 44 Simeon St. S., Oshawa AJAX LUMBER CO. LTD. MAX. Fibretex Acoustical Panels quiet noise, cover up unsightly ceilings. + Johns-Manville Fibretex Acoustical Panels quiet noisy rooms . . . cost at little as $28.56 for an average ceiling . . . New booklet tells you how to "do-it-yourself" Put a ceiling on noise with J-M Fibretex Acoustical Panels. Each panel is drilled in uniform or random patterns with hun- dreds of noise-trapping holes that soak up 75% of room noise. The panels are painted in white flame-resistant Glazecoat finish htning Joint that completely con- ighment, You can get them from wy ; i 12-page booklet -- "How to Build a Fibretex Acoustical Ceiling" -- i La Gives you complete details on installing a noise-quieting Fibretex ceiling. 10¢ in coin to Dept. BA-N2, Canadian Johns-Manville, Port Credit, Ont. GET JOHNS-MANVILLE FIBRETEX PANELS FROM vious benefits for the West. For it is a prosperous show window of free enterprise amid bleak Communist surround. ings. And it's a haven for hund- reds of thousands of refugees. Khrushchev is trying to con. vince the world that the United i |States, Britain and France are 1 |represented in West Berlin purely on suffrance, when of course they are there by right and obliga. tions undertaken at the end of the Second World War. #3 The West is determined to stand on its rights. But the cur- rent crisis has revived and inten. sified criticism of Western war- time policies that allowed the § Communists to take a geograph- ical advantage in the first place. Higher Taxes May Follow Cost Increase - OTTAWA (CP)--Prospects for holding the federal tax line have dimmed in the face of mounting government costs, competent in. formants say. They indicated fed- eral taxes likely will rise next spring for the first time in eight years. The exact policy to be followed is still in the realm of initial dis- cussion, but the tone of this dis- cussion seems to indicate that the brunt of the .increases--if they come--will be borne in the excise tax field with its impact on con- sumer spending. . These excise taxes are levied on a range of goods, spread from radios to automobiles and jew- elry. Out of them the government gets about 10 per cent of its total budget revenue. Higher taxes--first boosts since the Korean budgets of 1950 and 1951--would serve many purposes. They would be designed, partially, to stem inflation by restraining consumer spending which already Is estimated unofficially to reach a record $21,000,000,000 in 1959. They would help pay for rising welfare outlays, including an an- ticipated large deficit in the old g has traps! listed below, or send ALS » ° rs AJAX LUMBER G0. LTD. jp wiurance oitays which im the next fiscal year may rise to some $150,000,000 f r o m the $70, 000,000 this year. The higher out-: lay would result from the entry WHITBY AJAX LUMBER CO. LTD {of Toronto, Nova Scotia and New * | Brunswick in the national hospital insurance plan. PICKERING \