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12 THE OSHAWA TIMES, Wednesday, March 9, 1966 COOD LUCK, SHIRLEY Shirley Doherty finds her- self '"'buried" in petitions signed by some 30,000 Van- ouver hockey fans seeking a National Hockey League RAC Raised $2,400,000 Ere Fall By GORDON GRANT TUNONTO (CF)--The royal) commission investigating the) collapse of Atlantic Acceptance) Corp., was told today that At- lantic would have had to raise $16,000,000 in a three-day period to avoid going bankrupt last' June. | It could only come up with $2,400,000 and as a result its entire debt of about $154,000,000 became due and the company went on the rocks. The royal commission, under Mr. Justice Samuel Hughes of the Ontario Supreme Court, con-| tinued today to trace the out- line of Atlantic's corporate structure. John A. Orr, a chartered ac- countant who is a consultant to the commission, testified that on June 14, Atlantic paid $2,400,000 to its creditors but cheques is- sued the same day for $5,020,000 were not honored. On June 15, $6,908,000 became due and on June 16, $2,100,000 fell due. Mr. Orr also told the commis- sion how Atlantic Acceptance gained control of Adelaide Ac- ceptance, a company which later went broke. He said Atlan- tic bought all the outstanding shares of Adelaide for $27,000 March 8, 1962, from L. Murray Eades. Mr. Eades had pur- chased the shares just three days before from a man identi- fied only as H. K, Cooper. a } | HAD DEFICIT A the time of the purchase,} Mr. Orr said, Adelaide had a} deficit of $177,000. He said this large deficit probably attracted Atlantic Acceptance because it could be used to reduce income taxes. "Adelaide's net income in 1962 was $153,000, but it paid no in- franchise for the city. A large-scale petition drive is slated to start March 12. (CP Wirephoto) | DISTRICT NEWS Blackstock Hockey Teams Play In Area Tournaments BLACKSTOCK (TC) -- Minor hockey has been much to the fore during the past week with the peewee and bantam teams taking part in several tourna-| ments. Jackson scored three goals, come taxes." Asked whether the purchase | was "'prudent," Mr. Orr replied: | "If Atlantic could route profit- '| able business through it, or if ja management change would make it profitable, it would be a prudent purchase." Mr. Orr also went into details about Aurora Leasing Corp. Ltd. Twenty members of the Nes-) which went bankrupt July 30, tleton Women's Institute were) 1945. guests at the meeting of the) Aurora had assets: of $15,048,- Blackstock WI. The. vice-presi-|999 when it went into the red dent, Mrs. Velva Bailey, presid-| and it owed British Mortgage ed. | and Trust about $1,860,000, Com- Mrs. W. W. Van Camp, con-| modore Sales Acceptance. about Rick Campbell and Rick Pros-|vener of the citizenship group, | ser two each with singles going| conducted the program. A spe-| to Rick Mappin and S. Tom-/cial welcome was extended to, $10,000,000 and Adelaide Accep- tance $2,145,000. Aurora had 32 customers with chishin as Jackson's Pee Wees| Miss Ethel Thompson, a mem-|joans ranging from $27,000 to $2,- defeated Mountjoys 9 to 0. ber of the Nestleton WI for 60|194 999 -- to Evermac Office In the first game of the play- offs the Port Perry Hurst team defeated Cartwright bantams 7 to 5. B. Wolfe and G. Me- Laughlin had two goals each and B. Lee a single for Cart- wright. The Cartwright bantams were defeated 8 to 0 by Keene in the Little National League tourna- ment at Little Britain. Lee and B. Rohrer scored for the los- ers. In the second game Little Britain pron 6 to 2 with Grant McLaughlin scoring both the losers' goals. In the game against Keene, Bryan Wolfe was cut by a high stick and missed years. Her mother was the first! Equipment. Also included was | Mrs. | reading and Mrs, Ralph Lar- president of the group. Mrs, Lawrence Malcolm, ac- companied by her daughter, Bonnie, sang two Irish songs.) George Heaslip gave a| mer read the reply to the motto. A Penny Fair was held fol- lowed by lunch. Mrs. Arthur Hyland, president of the Nestle-| ton WI, expressed the apprecia-! tion of the visitors. Mrs. Eric Barr, of Brampton and Miss Beth Strong, Toronto, were hostesses at a_ kitchen shower for Miss Shirley DeJonge at the home of Mr. and Mrs. a loan of $260,000 to Atlantic Acceptance. DEBT GREW Five Wheels Ltd., a local car rental company, owed Aurora $104,000 when Aurora went bankrupt, the loan having in- creased from $315 Dec. 31, 1964. Monday the commission heard a riches-to-rags tale outlining At- lantic's fall from claimed assets of about $150,000,000 into re- ceivership last June after fail- ing to meet a $5,000,000 debt. Fa Exclusive Coast | BRIDGE SCORES Fishing Asked WASHINGTON (AP)--A bill to} establish exclusive coastal fish- ing rights for the United States to 12 miles -has. been introduced by Representative Hastings} Keith (Rep. Mass.). |. At the present the United ,|States claims jurisdiction only for three miles. tas) vecume a4 acl OF sentatives. tory. ure, Keith told the tiouse of Repre- "Of the 98 coastal nations of the world, we are one of perhaps 10 which claim juris- diction over oniy a three-mile area off our coasts. . . . have only ourselves to hurt by not accepting the added terri- We Mr. and Mrs. Erie Henry, and {Art Little and Dr. A. Rudnik, who had a score of 16.5, won the Vickery Trophy in the Team-Of-Four Championship at the Oshawa Golf Club last week. Other scores in the champion- |ship play were: Dr, and Mrs. |Edward Culp, Mrs. -G. A. Rundle and Mrs, James Tim- and Mrs. V. mins, 16; Mr. "The 12-mile limit for fishing |Saunders, Mrs, W. Famme and pores Bh AWIODy 40) EA Oe ew Stewart and Mrs, H. Cruwys, Mrs. V. Silgailis and Mrs. C. Chambers, 14; Mr. and Mrs. Frank Burrows, Mr. and Mrs. P. Fletcher, 14. The winners and high scores in the games played last week by the members of the Oshawa. Oshawa Golf Club Duplicate|Mrs. Sid Sheridan; Mrs. Wm. Bridge Clubs were: |Heron and Mrs, T. Evans, 84. | North-South -- Miss V. Drum- OSHAWA CLUB jmond and Art Vaillancourt, 169; The new winners of the Open : . Dr. and Mrs, §. P. Kandel, 163; Pairs Championship are Kayjrjoyd Peel and Mrs. V. Sil- Hunter and Harvey Winter. The} ailis. 160: Mrs. Ken Marden scores were: Kay Hunter and], ' : and Mrs. M. Clarke; Roy Mor- Harvey Winter, 166.5; Art Little} ,; ° : - ahd Lidyd. Peel, 166.5; Mrs, ris and Jack Patterson, 156. James Timmins and Mrs. M. R, Clarke, 160.5; Mrs. V. Silgailis and a P. Coles, 154; John Mil- ler and Art Vaillancourt, 153.5; Feier pg ag and ee ag 7' gt erg ety A Ae and Mis, Wits redith Motiatt and Ian Man- : jwell, 137, ee Marden and G |GOLF CLUB aati sordon) Mrs. G. A, Rundle and Art Adams, 97.5; #, P. Coles and|fittle, 52; Mr. and Mrs. D. Mc- Mrs, M. Clarke, 95.5; Mrs, E.jKinnon, 48; Kay Hunter ' and Wadsworth and John Miller, 94;)Ann Stewart, 43.5; Frank Bur- M. J. Heron and Jack Patter-|rows and P. Fletcher, 39; Mrs. son; Rene Niglis and ClarejA. C. land and EF. P. Coles, 186; Mrs. Wm. Heron and Kay Hunter, 160; Mrs. 1, Bovay and Miss G. Brooklin, General Motors and Keith, 86.5; Mrs. R. Morris and| Jamieson. East-West -- Mrs. Wm. Med- Clifford and Mrs. E. C. Motorcycles Next For Japan TOKYO (AP)--Japan struck it rich in world trade with in- expensive, good-quality cameras and radios. Now there's another entry--motorcycles. These aren't the powerful beasts the boys in black leather jackets roar around on. These are light, one- or two-cylinder jobs, inexpensive to buy, inex: | peMDIVeE WwW UpErale. LHe Ud. |the big market, and Japan leads the world in exports, with growing competition from France, Italy, Germany and | Britain. For Japan, the story began 50 years ago when the first auto- mobile chugged into the sleepy village of Kimyo, in central Japan. When the dust settled, a boy named Soichiri.Honda-ne- ticed several drops of gasoline on the ground. He sniffed the strange aroma and was, he said later, "'intoxicated,"' His fasci- nation with the gasoline engine has never dimmed. EXPORT MACHINES Today at 60, Honda, the gon of the village blacksmith, is Japan's largest manufacturer of motorcycles. And Japan last year turned Out 2,400,600 motor- cycles, half the worid's total. Of per cent. Some 900,000 Hondas were exported, mostly to the United States. In the early 1950s, there were \some 60 manufacturers of mo- torcycles in Japan. Honda mo- tors was one of these, with 35 employees and a ca) of 1,000,000 yen ($2,777). A 202 SEDANS Meteor RIDEAU 500 SEDANS iS ey ett See ten INCOME TAX The Employee's Income Tax Service Which has been operating in jj the orea for the past three | the second game. Gordon Strong. Beverley Sin- A team of Cartwright novice|clair presented the bride-to-be Meteor Rideau 500 4-Door Sedan . Comet 202 2-Door Sedan THE GREATEST NEW CAR VALUES OF THE YEAR! Specially equipped! Specially priced! Specially built for this sale only! COMET 202 SEDANS , Specially equipped and specially priced! These beautiful two and four-door Spotlight White Comet 202 sedans have the silky-smooth 3- speed manual transmission and are equipped with these special Spotlight White Sale features: @ Deluxe crinkle grain vinyl and cloth interior in luxurious red. @ Magnificent deep-pile, wall-to-wall carpeting. @ Stylish chromed rocker panel mouldings. @ Deluxe bright-finish full wheel covers. @ Handsome, bright chrome wheel lip mould- ings. © Five bright, whitewall tires. PLUS .. . these value features available on every Comet 202: @ Deep, foam-padded seats @ Front.door cour- tesy lights @ Reversible 'no fumble" key Curved side glass windows for more shoulder room @ Foot-controlled parking brake @ Cigarette lighter @ Safety padded instrument panel, sun visors; front and rear seat belts; windshield washer; emergency flashers; outside rear view mirror. METEOR RIDEAU 500 SEDANS Specially equipped and specially priced! These Outstanding value two and four-door white Meteor Rideau 500 sedans have these special Spotlight White Sale features: © Power performing 240 cubic inch 6-cylinder engine teamed with the silky-smooth 3- speed, Dual Range, multi-drive Merc-O- Matic Transmission is standard equipment on this model only during this sale. @ Distinctive deluxe chromed full wheel covers. © Beautiful bright metal window trim. @ Luxurious crinkle grain all-vinyl interiors in red or blue. e Bright metal side shields on front seats. e 5 bright whitewall tires. PLUS ... these regular top value Rideau 500 features: e Deep-pile carpeting, wall-to-wall @ Curved side glass windows for more shoulder room e@ Reversible 'no fumble" key @ Suspended accelerator pedal won't catch dirt, scuff heels @ Tuned, torque-box frame for a quiet ride @ All-Coil "Smooth ride" suspension. . . smooths out rough roads @ Largest wheelbase in its class; longest car in the popular price field Widest wheel track in its class for greatest sta- bility e Safety Padded instrument panel, sun visors; frontand rear seat belts; windshield wash- er; emergency flashers; outside rear view mirror. spect AL SAVIN GS BEF ORE APRIL ist AX IN CRE ASE! ARJAY ALUMINUM PRODUCTS SAVE 10% ON ALL ALUMINUM PRODUCTS FROM NOW TIL APRIL 1 Aluminum windows, doors, ewnings, siding, railings and shower doors. and pee wee players were beat-| with her gifts. en 5 to 3 by Port Perry Novice| DONATION TO HOSPITAL All-Stars. Litt and R. Prosser) AUDLEY (TC) -- A donation scored two goals each andjof $20 to the Sick Children's) Christie one for the winners.| Hospital, Toronto, was voted by) Jackson with two and Dale Van|the Community Club which met) Camp scored for Cartwright. | at the home of Mr. and Mrs. ----|Bert Guthrie. 'i ' P. Wiseman, inspector of pub- Itch Tracked lic school,. explained some of| | the new school courses and < i jwent into detail regarding the B B | t new mathematics course. years is now located in the Yy 10 ogis ee Waltham, Blanche Cendric, Mrs, William Guthrie, HALIFAX (CP) -- A ey | fon G. Izatt and William Auto Workers professor is going to spend the/Brown were named to a com- . : summer trying to run down an| mittee to plan the observance Credit Union Bid. ailment known in Nova Scotialof the club's 40th anniversary (King St. We) as 'Lake Ainslie Itch,' but) Judy Puckrin, accompanied something that has been irritat-) by two girl friends, are on ing people around the world for|their way to Australia where Tl Short Form centuries. they plan to spend several! Itch, almost always con-, months. tracted from the waters of a| Four-year-old Andy Snelleman $ certain lake or pond, turns the|Spent several days in Ajax and} e skin into red blotches similar to| Pickering General Hospital, suf-| measles. It can be extremely fering from concussion, after a| painful. fall in the barn. | Prof. John Farley of Dalhou- sie University here says he knows what causes the itch. It's a tiny parasite carried to the Bi = lake by birds. The parasite uses water snails to complete) DAY -- WEEK -- MONTH its reproduction cycle to the PLUS LOW larvae stage. $5.00 PER DAY MILEAGE CHARGE The trouble is, the parasite | 725-6553 can't distinguish between snails and the skin of a human swim- RUTHERFORD'S ming in the lake. It can't con-| tinue to live in the human body but before it dies the irritating | CAR AND TRUCK RENTALS infection has established itself. 14 ALBERT ST. | Prof. Farley said his studies) 725-6553 Oshawa . | at Lake Ainslie, a favorite tour- ist and camping spot in Cape\~ Breton, will be centred on de-| | termining which bird or birds | carry the parasite to the lake. SAVE $ $ ON Once that is established al | method of eradication will have | to be found. That, says Prof. Farley, is the difficult part AUTO INSURANCE If you are an Abstainer you save up to $22.00 on your auto insurance. ae 597 KING ST. E., OSHAWA ENE WHETHER BUYING OF LEASING SEE YOUR MERCURY DEALER, rere oS SEAWAY MOTORS LTD. SS 1120 Dundas St. E., Whitby, Ont. Phone 668-5893 WHITBY 668-6431 904 GREENWOOD AVE