Ontario Community Newspapers

Oshawa Times (1958-), 4 Apr 1966, p. 29

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Business Budget Reaction Was Generally Favorable By GORDON GRANT Canadian Press Staff Writer Reaction in the business com- munity to Finance Minister Sharp's budget last week was generally favorable. The minister's objective--to curb inflation without putting on the brakes on the economy-- called for delicate handling. Most thought the budget would do a good job. Jean P. Ostiguy, president of the Investment Dealers Associa- tion of Canada, described it as courageous and ingenious. A Toronto economist said he thought it was fine "considering all the things Mr. Sharp couldn't jfor political or economic rea- |sons, couldn't: Devalue the dol- lar, increase already high cor- |poration taxes, impose import isurcharges or increase personal jincome taxes too much. 'SOUND MEASURES' "If we accept the assumption of Mr. Sharp that inflation is clearly on its way, then he has taken sound measures to curb it," said Mervin Farrell, man- ager of economic research at Stelco. Housewives, who know about inflation, got some good news. H. K. Leckie, general mana- ger of the Meat Packers Coun- lcil of Canada, said a recent in- making supplies of pork more plentiful and its price lower. 'Although shoppers may not be fully aware of it yet, there has been a general lowering of prices." : Elsewhere on the business scene, Robert Winters, minister of trade and commerce, laid down a 12-point guide to subsid- iaries of foreign companies tell- ing them how to be good cor- porate citizens. The guidelines tell companies their first loyalty is to"Canada and not to their parents in the United States or other coun- tries. |OPPOSED TO U.S. The Canadian guidelines are Both are designed to keep their respective countries from hav- ing more money drained abroad. ; One of the Canadian guide- lines says &. company should have as an objective a finan- cial structure providing Cana- dians wi® opporiuiiiy io Suy shares in the Canadian opera- tion. An official of a Canadian sub- sidiary of a U.S. firm asked: "Who wants the shares of stb: sidiaries? Personally, I'd buy the parent company shares. That's where the dividends come from." In any case, he said, any de- cision to issue shares in a Cana- dian subsidiary was a matter for the parent company--out- side Canada. PROPOSED AMENDMENTS "tt the provincial level, the Ontario government proposed amendments to legislation con- trolling the establishment and operation of loan and trust com- aimed at preventing conditions ance Corp. last June. similar to those which preceded the collapse of Atlantice Accept- Under the proposed amend- ments, capital requirements for} the incorporation of a loan or} trust company would ve ui creased to $500,000 in sub- ican husband have been reunited scribed stock from $300,000.!due to the work of a highly- And the $500,000 must be paid| placed cupid -- State Secretary instead of the present $100,000) Des hie ce i | usk arranged for Mrs. Che- «nt ingen ___lryl Payne, 20, of pag coh Australia, to enter the Unite YANKS OPTION PITCHERS states to be with her husband, FORT LAUDERDALE, Fila.|Ronald Payne, 20, of Hannibal, (AP)--New York Yankees op-|Mo. tioned three pitchers, including | Payne and his wife met in veteran Billy Stafford, to their|1963 when she was an exchange Toledo Mudhens farm club of|student at Montgomery City, the International Baseball|Mo., high school. She returned League Saturday. Others sent to|to Australia and Payne pworked Toledo were rookies Gil Downs | until he made enough money to and John Schroeppel. Catcher | fly to Melbourne. Billy Madden, listed on the farm| They were married there Oct. club's roster, also was returned |19 but Payne was ordered to re- Australian bride and her Amer- Dean Rusk Plays Cupid Reuniting Aussie, Yank | er TOUTS. Mo. (AP) -- Anjand had to return. He was not inducted because of physicai reasons. But that left Mrs. Payne in Australia_and_ the. immigration quota was filled until next Au- gust. Payne and his father, Har- old Payne, an aluminum worker in New Florence, Mo., got in touch with representative Wil- liam Hungate (Dem. Mo.). Hungate turned the case to Rusk who told the American consulatein Melbourne to waive alproval of Mrs. Payne. BOOK FACES WORLD Russia plans to publish an 18- volume comprehensive history of world art with 12,000 illustra- THE OSHAWA TIMES, Mondey, April 4, 1966 29 Trapper Axes Peg Leg Wolf NORTH BAY. Ont. (CP)-- Trapper Joe Georgie had known for the last 43 years. Peg Leg, a timber wolf who had lost his front forepaw in a trap several years ago, had become some- about Peg Leg for years. Joe, 55, has trapped wolves what of a legend in this part of Northern Ontario. Preying on sheep flocks, the wolf scofles at traps baited with meat and escaped snares and hunters who wanted the glory of bringing him down. But Joe knew Peg Leg's habits well and this week set a snare of 25-gauge wire across a favorite trail. and snares. There was Peg Leg, still much alive and vi- cious. The-trapper killed him with an axe, "Peg Leg weighed 90 pounds, or thereabouts," Joe said Fri- | "IT hated to kill him; he was like a friend. But I knew he had to be killed. U.K. STANDINGS LONDON (CP)--Complete re- turns from the 630 constitu- encies in the British election showed the following party standing: Labor Conservatives Liberals Irish Republican The Speaker 363 253 12 1 1 0. Ss pal be A 5 F He said the finance minister, crease in hog marketings is'opposed to those of the U.S. panies. The amendments were|to the Mudhens. ,{port for U.S. military service'tions, Friday Joe inspected his traps Total 630 EATON'S BRIMS WITH NEWS OF SPRING See the Fluffy Baby Chicks in EATON'S Easter Window FACING THE MALL A joy to see. ... fluffy baby chicks walking about, playing and eating. Children and adults alike are entranced by the tiny, downy birds . . . so bring the whole family down to enjoy this enchanting Easter entertainment . it's a happy, cheering sight! On View Daily (Except Sunday and Good Friday) until April 16th. wm | EARN - THE BUNNIES ARE COMING FROM EATON'S (7... J... LAND AND SOME LUSCIOUS EGGS TOO A. BUNNY Hurry to the Candy Counter to sna dairy milk chocolate, weaiti 3¥4-0zs. EACH B. HAPPY HARE n, ng SAVE ON OFF-SEASON PRICES NOW, AND BEAT THE HEAT THIS SUMMER ! COMFORT-AIRE HOME COOLING UNITS | Your present warm-air heating system may be adapted to provide year-round heating comfort with the installation of one of these Comfort-Aire units. CHECK THESE FEATURES: A. Uses your furnace blower to distribute cool air throughout your home, Dehumidi- fies, helps remove dampness and mugginess. B. Controlled by a conveniently located thermostat. C. Quality engineered coil provides maximum performance. b. Tecumseh compressor and controls are in a remote unit outside. INSTALLATION BY OUR EXPERTS INCLUDES; One-year warrarity on parts and service; modification of your furnace plenum; positioning and wiring of thermostot; repositioning high limit control if necessary; installation of coil in furnace; wiring from Hydro panel (100 ampere service is required). Any necessary alterations to furnace blower or electrical system will be made at extra cost. Siem ae een aoe oo For 6-8 room homes (21000 sq. ft.), 35,000 BTU a 1,099.95 PHONE 725-7373 EATONIA Spring Fashion For Budget-Minded, Well-Dressed Men And Young Men EATONIA BROADCLOTH SHIRTS Meticulously tailored of finely combed white Sanforized cotton broadcloth. Select from 3 favoured collar styles: Duke short-point fused with regular cut body and convertible or French cuffs--neck sizes 14 to 171%. Rex soft Perma-Stay short- point with regular cut body and French cuffs--neck sizes 14 to 1712. Snap-tab collar with French cuffs and ta e EATONIA BROADCLOTH PYJAMAS comfort-tailored of soft, silky Sonforized cotton broad- cloth! Generously cut coat with lapel collar and one breast pocket. Balloon seat trousers feature drawstring with elasticized imsert waist. New-season stripes and allover patterns in predominating shades of blue, green, wine or brown. Plain shades of blue, tan, grey or green. Sizes A (36), B (38), C (40 to 42), D (44), E (46). seeeees & # 's ond easy-to-launder yet luxuriously soft and absorbent. Fine, rib stitch seams are flat-locked stitched 'ond specially treated to resist shrinkage. Sleeveless jerseys in sizes small (36), medium (38 to 40), large (42), extra large (44). Double seat briefs in sizes small (30 to 32), medium (34 to 36), large (38 to 40), extra large (42 to 44). ; Each aoe ee ai 35 3 FOR 4.00 EATONIA STRETCHY ANKLE LENGTH HOSE in a fine 1 and | rib of crepe nylon... long-wearing, rich looking, easy-to-launder. Elasticized tops prevent slipping. Neat side pot- tern, in plain black, navy, medium grey, brown, wine, oiive 1 25 3 3 60 s PAIRS Wa ond charcoal grey. One size fits 10 to 12, Poir EATON'S MALL LEVEL, DEPT. 228 PHONE 725-7373 7" High, 79 11" High, Approx. 4-ozs. EACH = Approx. 12-ozs. EACH Ready to leap! He sits waiting to bring a smile to your child's eyes. In milk smooth chocolate ! Approx. 6/-ozs. 1 39 F bin eee ee ees eens . munching for Easter ! And all milk chocolate too! Approx. 1-Ib. 9-ozs. EACH . 3.50 A friendly fellow stands alert to the festivities coming up at Easter! In 942" High, 1 75 11" High, Approx, 81/2-ozs. EACH ® Approx. 12-ozs. EACH A box full of surprises! 3 darling little chicks and 3 round and juicy bunnies . , . all together for Easter. All milk chocolate. Straight from the Easter Egg factory in time for that morning! Solid good- 4-oz. 6-02. 10Y-0z. Oo EACH ..... .60 BACH .... 1.00 6-oz. 101-02. .60 EATON'S MALL LEVEL. DEPT. 214 1.98 C. MR. PETER RABBIT EACH .. 16" high -- Wow! Look at the size of this fellow! What a lot of happy STANDING RABBIT pure milk chocolate from his ears to his little tail. 1.98 BUNNIES AND CHICKS BOX OF 6 ribs eee ear' ness with butter cream yoke centre and a dark chocolate coating. FRUIT AND CREAM FILLED EGGS EACH unit, installed. SPECIAL, each ... EATON'S LOWER LEVEL, DEPT. 456 PHONE 725-7373 STORE HOURS: 9.30 a.m. to 6 p.m. Monday Through Saturday, Open Thursday and Friday Nights Until 9

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