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POLICY BY LODGE Henry Cabot Lodge gestures and then shields eyes as he listens to a question during his' ews conference in Paris, France, Tuesday, .Lodge, on a tour of European capitals to explain U.S. policy in sout..- 'Hybrid Brings Pauper's Rolls LONDON (AP) -- A "poor man's" Rolls-Royce, called the Vanden Plas Princess '"'R" and tosting a basic $4,620, was an- nounced by the British Motor Corp. Tuesday, It is a four litre version of By DON HANRIGHT OTTAWA (CP) = Canadians held about 15 per cent of the 'stock in foreign-controlled com- panies operating in this country at the end of 1960. Toraise this share ownership to 25 per cent would have re- CANADIANS HAVE ONLY 15% FOOTHOLD = Foreign Control Problem There were about 125,000 Cana-)yestment--that is, in common ing an aggregate investment of dian corporations of all sorts at}and preferred shares--of $11,-/$25,000,000 or more. that time, but the figure in-|725,000,000. Canadians held) Of. these, 90 were controlled cludes about 18,000 active cor-|$1,763,000,000 of it for 15 per|by Americans. These 90 had a porations and thousands of tiny|cent. itotal equity investment of quired, at that time, an addi- tional. Canadian investment of labout $1,168,000,000 in such) istock, assuming it was avail-| lable. | This graphic illustration of the foreign-ownership problem is drawn from figures recently produced for the first time by the bureau of statistics. | It was not known whether these statistics were available) to Finance Minister Walter Gor- don when in 1963 he first. pro-| posed the withholding-tax differ- ential to-benefit companies- of- fering at least 25 per cent o' their shares to Canadians. This picture has been painted by the bureau: At the end of 1960, there were |4.839 foreign- controlled enter- |prises in Canada. COMPARISON DIFFICULT (It is difficult to compare this with a total of all enterprises, Guild Strike | Baffles Chiet '| At Newspaper YOUNGSTOWN, Ohio (AP)-- |The American Newspaper Guild f Tuesday night began a strike ca | against Youngstown's only daily |mewspaper in a contract dispute linvolving outside circulation de- \livery men. The strike started when mem- east Asia, asserted that the bers of the guild set up picket United States will stand by | lines at the entrance and load- South Viet Nam on the "slow, |i& dock of the Youngstown Vin- hard, but not impossible" dicator. uy : ie yee "TI am surprised by the ac: road to victory.--AP Wire- tion" said William L. Brown, photo by cable from Paris (business manager of the eve- eC i eae alae se ARE RR ning and Sunday newspaper and nephew of the editor and pub- lisher, William F. Maag Jr. Fred Kearney, president of Local 11 of the guild, said in a statement: "The guild is insisting that the outside circulation men are % | / % power aluminum Rolls - Royce unit which, say the makers, give it a maximum speed of 112 miles an hour. The plush auto boasts of be- ing capable of accelerating to 80 miles an hour in 24 seconds Aitled to the nical a : ;.. entitled to >» same genera BMC is mounting a sales' ooo. benefits and working campaign to sell the new model ; reaenng yep ie 1 trem ier® conditions enjoyed' by other un- on a worldwide basis with the iong at The Vindicator, and in young executives the target. fact already included in the The car, a full six-passenger guild contract covering editor- the earlier Vanden Plas model sedan, is a development of the ial and classified advertising but it is powered by a 175 horse- BMC's Austin Princess. employees."" High style! ; _ Travel in style--and with ease ~ and speed to 35 of Canada's _major communities and to seven U.S. cities! It's the quick, comfortable, tireless way to get around--economically! Next lime you travel some- where, fly AIR CANADA. FLY AND TAKE THE TIME QUT OF TRAVEL CALGARY (From Toronto International Airport): Up to 5 flights doily - 3 hrs. 50 mins. : avel Agent about AIR CANADA'S Group Travel Plan, ; See your Travel Agent or write AIR. CANADA in Toronto at 130 Bloor ..reet West outfits and personal holding) Actually, about 62 per cent | $5,896,000,000. companies.) of the. total investment was con- These 4,839 foreign-controjled|centrated in. 111 big foreign- SOME IN BRANCHES companies had a toiai equity in-|controlled companies, each hav- However, about 42 per cent of that money was tied up in \branches and wholly-owned sub- ' sidiaries of U.S. parent compa- 0 t amages oc et: nies, totalling 52 in number. : In these, of course, Canadians |had no equity investment at all. Another 28 of the 90 compa- And US. Space Plans nies were partly-owned subsid- iaries with a combined equity CAPE KENNEDY, Fla. (AP)(no visible damage to the Sag IABP Se ye gee ae Of Lightning, possibly a series of nang. Peanimevienn.: tae ana- quick-striking flashes, pointe Ki an -- eostpmns S88 dias hands--about 24 per cent, 2 Tek o ibket arid some (apparently all of it took the 'The 10 remaining big compa- ground systems: on the Gemini|{r™™ of short-circuits and other\nies had a total investment of launch complex, apparently electrical-type damage to elec-|$885,000,000 of which Canadians wiping out any chance of a two-| tonics and delicate electrical held $367,000,000, or 41 per cent. man Gemini orbital flight this|°°mPonents. In the 3,596 smaller U.S.- year. "There's no*way of telling;controlied,companies, Ca- "Tt was the first recorded inci-\"0W just how we will even tellinadians held nine per cent of dent of lightning damaging a0W much and what kind of|the total investment of $3,407,- rocket at Cape Kennedy. An in-|4amage was sustained," he 000,000. vestigation was launched to de-|Said. "We've got 800 miles of Canadian share holdings ran termine what caused the bolts|wiring on the launch complex. higher in companies controlled to hit the normally lightning-/Some of itis used only forlelsewhere than in the United proof pad. lemergency situations. We'll|States. Officials said Tuesday the have to do a lot of checking--| In this group, totalling 1,154 mishap probably rules out un-/because this has to be man- companies, Canadians held 21 til early 1965 the three - orbit rated launch vehicle and a man- per cent of the stock. For the flight planned for astronauts rated complex. 22 big companies--again, those Virgil I. Grissom and John W.| The storm struck at night with $25,000,000 or more in Young. It had been scheduled when only a small maintenance equity investment -- the Cana- for December. crew was on the complex. No dian participation was 29 per A spokesman said there was|one was hurt, cent. 174 RITSON ROAD SOUTH OPEN DAILY TILLIOPM t OUT AHEA Meat Specials RINDLESS BACON SHORT RIB ROAST PRIME RIB ROAST CHICKENS *,;, '... WIENERS vs. 39° us, 59° s. 69° Produce Specials NO. 1 FREE STONE PEACHES 6-QUART BASKET *y te NEW POTATOES mt 35° LARGE STOCK CELERY 2 23° COOKING ONIONS 2 x: 29° GROCERY SPECIALS BONUS DOG FOOD BREAD Ls. 99° 3 ns. 1.00 Frozen Food Specials SUPREME RAISIN PIES SUPREME FRENCH FRIES 2 iss, 49° AND MANY MORE ! KEG. 47e COMP. 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