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CURRENT TRENDS. COULD PERSIST: SHARP OTTAWA (CP)--Finance Min- ister Sharp says all economic signs point to a continued rise in prices this year, triggered by a renewed surge of demand and a tightening supply situation. In his pre-budget white paper tabled today in the Commons, he says it would not be prudent to assume a price rise any less than that recorded in 1965 when the consumer price index was up 2.4 per cent from 1964. With the economy at the height of an unprecedented boom, the basic question was whether production could ex- pand fast enough to meet the anticipated rapid increase in de- mand gvhile maintaining stabil- BROTHERS RELEASED Vy che Russell Martin (left), 36 upward price trends could well and brother Walter, 38, were released from their Toronto cells Thursday after serving one year of a 10-year sentence for rob- bery. Wednesday the On- tario Court of Appeal order- ed a new trial after a news investigation by two detec- Taxing, Spending Activities Result In Surplus Last Year OTTAWA (CP) -- The com-jon the national accounts basis) 3 ; bined taxing and spending ac-jlast year of $290,000,000, com- tthe, Sah ae in st ie tivities of all levels of govern-|pared with a surplus of $104,-\- , <5 ment--federal, provincial and/000,000 in 1964. municipal--resulted in a sur- The municipal governments plus last year of $251,000.000 ran up a combined deficit in compared with a deficit in 1964 1965 of $574,000,000, compared of $102,000,000. with a deficit of $452,000,000 in The pre-budget paper tabled | 1994, in the Commons Friday ana-| feonomists say the national lysed the revenues and expend-| accounts system shows the real itures of all levels of govern-|impact of government taxation ment on what is known as the and spending on the economy national accounts basis. as a whole. This system of government) A large surplus tends to have accounting is on a calendar-jan anti inflationary effect, year basis, instead of the fiscal|drawing off spending power. year ending March 31, and em-| braces all kinds of government are putting more money into the|, stimated to be $25,500,000 income and vutgo. The fed-\economy than they. are taking |) joer than in the previous Saat eral government's budgetary out. This has a pump-priming | 5. the biggest oeurctoyenr in accounts, for instance, do not/effect on a slack economy, en- bronae' nines the $42,500,000 ad- include the old age security and | couraging more output -and jobs : sie unemployment insurance funds.|than would result from a_ hal- : ane The federal covernment's sur-/ance in the national accounts rte ee ned hdetel ace plus on the national accounts); The white paper says com- vane since publication: of. the basis Jast year was $535,000,000, | bined expenditures of provincial US Fabian compared with $246,000,000 injand municipal governments rds Bs, i 1964. On the budgetary accounts|amounted to 12 per cent of [linking sie ogee ---- basis, the federal government) gross national product last year,|ove, ot emulgue waar mi $3, is ending the current fiscal sentles indication of their growing |onq hee en t rm Whe lest with, a deficit of $34,000,000,/importance in economic activ- chiefs rah acapella Gel Aca compared with one of $38,500,-|ity. In 1953 their expenditures 000 in 1964-65. were 714 per cent of the GNP. 'The 10 provincial govern-|total value of goods and serv ments had a combined surplus'ices produced. Municipalities And PUCs Pay High Interest Rates | OTTAWA (CP) -- Municipal-|economic growth "and a tighter | fies, public utilities and big in- monetary policy posture." tives found that the woman | the brothers were convict- ed of robbing :had herself been charged and convict- ed for public mischief. At the new trial Thursday, the Crown withdrew the rob- bery charges (CP Wirephoto) increased demand for man- power in 1966 and a resulting lcontinued decline in wnemploy |ment, Finance Minister Sharp |predicts in his pre-budget white paper. 'Some of the demand will be) OTTAWA (CP)--The federal tax man's take seems to indi- cate the cigarette lung cancer scare may have run its course In the government's fiscal k deticit- means gaveraments year ending March 31, revenue ivance in 1959-60. though one year --- 1953-54-- *|showed a drop of $9,500,000 "\from the preceding 12 months. The pre-budget white paper tabled in the Commons today jestimates 1965-66 excise taxes OTTAWA (CP)--There will be, from various tobacco taxes is} - general's report) No Let-up Seen @ e In Prices Rise persist unless significant prod- uctivity improvements emerge to add to the supply capacity of the economy, or unless the rate of increase in demand should turn out to be notably lower than currently expected." With employment and earn- ings at high leveis, purchases would probably con- tinue to increase. SEES HOUSING CURB "Personal expenditures on durable goods will probably not advance quite as rapidly as in 1965, since spending on furni- ture and appliances which go into new houses will be affected by the level rate of residential construction now expected for j 1966. "Manufacturers expect that Greater Demands Seen For Manpower In 1966 married women and persons previously retired or voluntarily idle. Skilled workers will be scarce. But Mr. Sharp's economic re- port, tabled today in the Com- mons, adds that an expected in-! crease in total man-hours avail lable for production will not 'likely increase manpower prod- Cigarette Cancer Scare May Have Run Its Course and excise duty on cigarettes, tobacco and cigars will total $421,000,000 compared with $395,500,000 in 1964-65 and $392,- 600,000 in 1963-64. It gives no breakdown. for each of the three SHOWS SALES RATE Excise taxes are estimated at $237,000,000 compared with $218,300,000 a year ago and $226,900,000 in 1963-64. This tax is collected 'from the manufac turer on his sales and reflects rate of consumption. The in- crease this year. of $18,700,000 compares with a decrease of $8,600,000 in 1964-65. The other. form of tobacco jtax, excise duty, is levied on jincrease in the last 15 years al-|the manufacture of the product, jand produces revenue ahead of jsales, It is estimated to in- jcrease this year by $6,800,000 to $184,000,000. In 1964-65, if creased by $11,500,000 but 1963-64 dropped $800,000 in- in consumer} Fe BF at tire present -high rate of euto-m mobile purchases will continue in 1966. There has been a con- tinuous increase in number of cars per family and a reduction jin the average age of the' stock lof cars on the road, for a num-| |ber of years. | "In addition, the large num-) ber of new entrants to the labor! force. makes increased car own- ership possible. |. "Non-durable purchases, such as food and clothing, should ad- vance at much the same rate as in the last year. "The volume of consumer pur- chases of services has continue J to rise, while prices of many of these items have increased sub- stantially. These prices are ex- pected to continue to increase 'in the months ahead." uctivity "in the present circum stances.'"' During 1965 une m ployment) raveraged 3.9 per cent of the la-| bor force and in the year's late) months was well below that. The labor force grew per cent from 1964 while sons at work rose 3.8 per cent. |DEMAND STRONG | There was increased move-| {ment out of farm employment, | a substantial rise in the female) labor force and higher immigra- tion, all in response to a big de- mand for labor. This showed the higher degree of elasticity in the labor supply. | "At the same time, there were proportionately fewer workers with experience in modern Canadian industry among those obtaining jobs in 1965, as the pool of experienced unemployed shrank, while there were proportionately more workers entering employment direct from home, from school |from abroad and from the farm sector." Thus, the gain in productivity output per man-hour--was at ja lower rate than either the postwar average or the average of recent years. For all indus- tries, it increased 1.5 per cent er 1964. In manufacturing, where the average annual post [war gain had been 2.8 per cent, it fell to two. | Labor income last year in- jcreased 10.8 per cent while' cor- poration profits rose 11 per cent } makes among them corn, dustrial corporations were pay- ing more interest on their bor rowings at the end of last year than individuals at chartered banks. The white paper tabled in the Current banking legislation limits chartered bank charges on loans to six per cent. The -white paper says public utility authorities at the end of Commons today says interest 1965° were paying 6.01 per cent to borrow funds on long-term rates rose zenerally last year kandi z - x as a result of U.S. guidelines 0°48, compared with 5.48 per cent in December, 1964 on foreign American invest ment and the default last June Municipal tong - term bonds of Atlantic Acceptance Corp were paying 6.03 per cent, com The report also says the pared with 5.57 per cent a year higher interest rates reflect the |earlier, and industrial corpora- heavier demands for credit as-|tions were paying 6.05 per cent, sociated with the high rate of:compared with 5.47 per cent ° , a " favourite Rosé Jordan Valley Crackling Rosé a wine that's pleasantly sparkling, refreshingly lively, even slightly frivolous. It's lightly bubbled and has a superb taste. Good reasons why Jordan Valley Crackling Rosé is one of Canada's favourite wines. OPEN DAILY 4 TO JORDAN VALLEY 7 VIN Crackling Rosk PerTiLiaNnT . | JORDAN WINES. warm quality of "'to live in'! cite -you as: you go tt beautiful model home | "> SERVE CHILLED VISIT QUALITY 19 Simcoe St. N. 6:00 P.M. SATURDAYS 1 P.M. TO 6 P.M, Open Sunday Afternoon When you step into the hall of a Johansen. Home you will feel the excellence en- velop you, and the. friendliness of workmanship will ex- Johansen home Just eost of St rp pi Rood, with or high school mediate access troffic orteries yrough this ANOTHER MEDALLION AL ELECTRIC HOME. s are prime location homes evenson Road off Rossland iblic ond separate. grade, nd churches close by. Im to shopping and mojor leadina in all directions. VISIT THIS MODEL. HOME BY JOHANSEN TODAY AT 853 Fernhill Real Estate Di RALPH SCHOFIELD, Oshawa Bivd. Rosslyn Heights. Central Ontario Trust & Savings Corporation artment Supr. 723-5221 Friday, Merch 25, 1966 THE OSHAWA TIMES, 3° Each Persons Net Debt $782. OTTAWA (CP)--Each Cana-|000,000 compared to $589,000,-\of federal expenditure after dian's share of the net national|000 last year. The interest rate!fence and health. - . from 3.80. Mr. Sharp said. debt charges. works out to 3.96 per cent, up! debt took a slight drop in the, current fi year. Datimated Gets. far° the year ending March 31 was $782 for .every man, woman and child in the country. That's $12 lower than the $794 a year pre- vious. The pre-budget white paper tabled in the Commons today by Finance Minister Sharp showed the country's total net debt at $15,538,400,000. Although that was $34,000,000 above last year--equal to the estimated budget deficit in- curred this year--there were also more people around to share the burden. Current population level is estimated at 19,865,000 against 19,516,000 a year ago. Two years ago the per capita jdebt was $785, and the year be- jfore that $739. | INCREASE LOWER | The rise in the total debt this year was less than 10 per cent lof that reported a year ago-- |$479,000,000. It also was the smallest increase since the 1956- 57 fiscal year in which the debt was slashed by $272,000.000 due to a hefty budget surplus. | Net debt, is calculated by| aking the gross public debt, now at $27,617,100,000, and de-! ducting the government's net PLANTS GROW IN DARK |tecorded assets of $12,078,700,-| Temperature rather an tight {900 } many plants grow,| Using the same deductions on } which will|gross interest payments, the in- in warm terest being paid on the net debt this year amounts to $616,- mat People with a kee sense of taste and _value buy Corby's +. and they wouldn't dream of buying any other Canadian whisky. SPEAKER Rev. K. Lavern Snider, a missionary college presi- dent from Japan speaks to- night at 8.00 in the first service of a weekend mis- sionary convention in south Oshawa's Free Methodist Church on Erie st.* Mear Bloor and Simcoe). He has served in Japan for six and one-half years, part of the time as superintendent of the Free Methodist Mission there and part of the time as president of 600-student Osaka Christian College and Seminary. Mr. Snider will be speaking also on Satur- | dav night and twice on § day. Canadian Whisky H. Corby Distillery Limited Corbyvitie, Can, in the night AY Ho hehe Fo dhe is bebbdd bh diaeila TN MANPOWER MOBILITY PROGRAM Widening the Employment Horizon--for job seekers The primary purpose ofthe Manpower Mobility. Program is to provide financial assistance to Canadian workers who are unemployed and find it necessary to move to other areas in Canada of greater em- ployment opportunity. The program is national in scope providing for loans or grants to workers and their families to cover the cost of moving and resettlement when it is clear that the move is in their own and the country's best interests. The Manpower Mobility Program is an im- portant part of the Government of Cana- da's over-all manpower program which, ' within the framework of general economic « policy, is designed to help maintain full employment and make the best possible Q. Who is eligible for a loan or grant? A. You are eligible:-- (a) if there is little or no chance of tting a suitable job in your area, (b) if there is suitable employment available elsewhere for which you wil! be hired, and a shortage of qualified workers, (© and if there is a good chance that the new job will. result in your permanent resettlement. Yon are ELIGIBLE FOR A LOAN-- if you are either uneniployed or under notice of permanent layoff within 30 days from the day you apply for a loan. You are ELIGIBLE FOR A GRANT-- if you have been unemployed for at least four of the six months preceding the date you apply for a grant; or Have completed a provincially approved training course or a program of voca- tional rehabilitation and re-establishment during the previous three months; Give them the facts, and they will relate your experience and training to available job opportunities, first locally and then in other areas. . How much of the cost of moving will a loan or grant cover? . For a worker with dependents, a loan or grant will pay for the actual cost \of transportation of himself and his dependents, including meals and overnight accommodation. Also covered is\the actual cost of moving most and personal effects. Q. And the costs of resettlement in the new area? A. For those with dependents, resettle- ment allowances are $200 each for the worker and his wife and $100 for each additional dependent, up to a maximum of $1,000. grant. Q. How is a loan repaid? A. Normally, in not more than 20 monthly mstalments beginni months after the loan is Interest is 534% per annum. Q. Is there anything else I should know? A. Yes, if you have obtained a loan or and need a medical exam- before this program you may be eligible fe grant. For more inf your lecal N.E.S. or Are a former automobile or auto parts worker eligible for Transitional Assist- ance Benefit im respect of layoff, NATIONAL EMPLOYMENT SERVICE, GOVERNMENT OF CANADA