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12 THE OSHAWA TIMES, Wednesday, August 21, 1963 |program is unlikely to have)ready created serious uncertain-jand 'give enormous aid and] "any appreciable effect in im-ities regarding the dollar and fu-;comfort to the Communist for-| proving our difficult balance of|ture U.S, actions in the world/eign investment program." | 4 e e JFK T Measure jpayments deficit in any signifi-/ monetary and financial circles! International Holdings Corpor ; ax cant degree and this should be a matter ofjation, a closed-end U.S. invest n 1 1 "In fact, in its ultimate €*| profound concern to congress|ment company which says it| : i jsults, it might worsen it." and the administration as it al-|has grown out of Canadian in-| e,°? ® ) The tax would tend "to un-)), | vest +1 d the ' ready is to the financial com.|Vvestment entities, claimed the Criticisms Begin |dermine confidence abroad in munity." ltax will discriminate against the os US. hig ie ao egeckad " , company's operations abroad, It y HTON (C resi-|c vith ¢ Gamage to the effective func-/OPPOSES TAX rged that it and similar com f ; WASHINGTON (CP) -- Presi-jcussions with committee mem i ANE hoemie : urge' it an P Bah pom lt proposed tax onlbers. He suggested, as Dillon tioning of the world's capital; The Investors League, a non-|panies, holding at least two- foreign stocks and bonds sold tojhad stated before the commit- markets and international/profit organization made up of|thirds of their stock abroad, be US. residents was described by|tee, that guidelines for such ex-|Monetary system. of which the/thousands of individual U.S, in-jallowed to reinvest process of the New York Chamber of Cam-|clusions might be American dollar is the bulwark, vestors, also opposed the tax,/sales of foreign ~securities in "Unfortunately, the announce-jsaying it will strike a blow atlother f eurities without erce Tuesday as a '"'seriousjownership of at least 50 per "egg ying : a w atiother foreign securit vithou ror" which threatens to cre-|cent of the entire foreign oper-jment_of the proposal has al-lthe reputation of the U.S. dollaripaying the tax ate havoc in established world/ation with a large part of the = _ : financial markets jstock traded on U.S. exchanges t : Criticism. of the temporary,| One committee member, Rep ' I, 2%-month tax measure began to/resentative Thomas Curtis, Mis pour in as the ways and means/SOUr! Republican, said in an in . committee of the House of Rep-|'erview he is not impressed, He resentatives began a detaile described the over-all measure --~, as a 'Berlin wall" against the éxamination of the key adminis- j ' tration plan to reduce the U.S free flow of capital and pre resentatives began a detailed/Wicted many Republicans will a to discourage long-term foreign|"'® against it -- . : borrowing in U.S, markets SEES LITTLE EFFECT Treasury Secretary Douglas) Mark Richardson, executive Dillon, lead ~ off witness, ex-/ vice-president of the New York plained why new Canadian is-;|Chamber of Commerce, argued sues would he excluded from|before the committee that the ie levy of up to 15. per' cent? me saying initial announcement of! ag sd yang ng te a re For The Impact on. the Canadian dollar that Canada might have been BEST forced to seek further devalua tion or other emergency ex In change measures if the US had not agreed to an exemption PHOTO for new Canadian issues However, the law would not FINISHING allow exemptions for existing Ganadian issues as the Cana And dian government requested And it was the U.S. govern ENLARGEMENTS Bethys e ment's understanding that the Canadian administration or the Canadian central bank would work towards lower long-term COLOR OR Beautiful colors of rose, tan, green and blue in double bed 72" x 84" interest rates to deter new BLACK & WHIT large-scale investment in the : size. Lustrous satin binding 6" wide, All pure wool woven preshrunk US e } \ color fast and washabie MAY MAKE EXCEPTIONS | DEVELOPING AND At the same time the Ameri PRINTING IS OUR be Gan administration is willing to ONLY BUSINESS 7 y E 8 consider excluding outstanding issues of what are essentially American companies operating P abroad. Dillon cited such com remises panies as Aluminium Limited of COMPARE WITH 15.95 VALUE Montreal! and Internationa! Nickel Company of Canada Limited as the type that might be excluded, While these com rf panies operate in Canada, they are owned largely by US. citi rens Treasury Undersecretary Rob ert Roosa told The Canadian PHOTO SERVICE Press later that the administra tion is ready to work_out some 31 SIMCOE ST. S. 725-1 modification of Ahe" program 25) KING ST, £. 25-1151 along these linés in private dis -- Starting -- aS OMORROW p= s ea ie re | u L x 7 at Both DUNN'S Stores | eeeeee?e8e?e8 @ @ ; ae MAPLE LEAF BRAND CRYOVAC PEAMEALED MEN! You just can't afford to miss this truly senso- ti a COTTA +] tional sale of Men's Suits. You probably never again § ees | aet a chance like this to SAVE' But remember, there's } ONLY 293 of these uncalled for C.0.D. SUITS . . J € End of Line Suits Some are slightly rack soiled : ROLLS are good quality suits that were manufactured - : wm 49.50 to 69.50, and frankly we MUST LEAN m to make room for oe pe ge we pol i iv So if yo SMA ou'l ear PORK CHOP 8 59° Chicken WINGS a 29° TOMORROW yon at oe or tae epee for nd BUTT self while the selection is at it's best. Due to the ex- tremely low prices of these suits and trousers, alter- FRESH KILLED {| | GRADE wae 1 Ub, pkg. of BLUE BONNET Fa EEA TURE OF FOUR 25-40 °r 60 Wor ra - will be extra during this BIG SALE! Sizes 35 CHICKENS | Se LT NS tie a " . ei alee ere. weight 99c SALERAMA THEY HURRY FOR THE BEST CHOICE! 2 to 3 Ibs. ----. CARNATION MILK 7 TAL gge £0 } KLEENEX TISSUE (2070°,°.2 (2.85 4 jon 99° Extra TROUSERS = 5.88 CHARCOAL LIGHTER "2 39° ms Sus || Trousers A ¢ \_" || CRUSHED PINEAPPLE '"" .5 %2! 99: an ---- BUY ONE--GET ONE FREE--COMPARE AT 91 TWIN PACK MIR LIQUID D ETERGENT 79° BOYS' COTTON & KNIT MEN'S SPORT BOYS' COTTON CHINO K/ BONUS DOG FOOD ey oe MIRACLE SALE PRICE Sines 8 to 16 a INSTANT COFFEE .27:*",,, °° 99: OPEN THUR. KING BRAND CHARCOAL "s 45¢ NOW ' NOW FRI., SAT. TOMATOE JUICE *"3,(:x°" 105-02. BQe NOW 1.00 w 1.00 19 TILL 10.00 P.M. SUNBRITE MARGARINE exe. 198 FRESH -- STOCK UP YOUR FREEZER NOW BLUEBERRIES ~-»--- 3 95 HEAPING QT. BOX 49c "nian eaten titel NN te CAKE MIXES "couararse = 3 on 99 = SPORT SHIRTS CHECKED WHOLE MUSHROOMS ..iiS°.3 % 99 Il] CEITRTS 2 LOCATIONS: 36 KING ST. E. OSHAWA SHOPPING end SUPER SAVE \, " DOWNTOWN CENTRE corner of KING at RITSON ROAD, OSHAWA -- - OPEN FRIDAY TILL 9 P.M. , Renae ae