BA ae onde from Canada that it will curb| Johnson's main reference to} "To s excessive expected its borrowings. Canada concerned Canada's|of PS Mag "Canada pal ligt lation became on Sua 4 He also announced otherijpartial exemption from the in-|special exemption from the|borrowings the U.S. leaped, steps affecting Canada directly|terest equalization tax, passed/equalization tax, I have sought/con' oa serious U.S. or indirectly, including higher|last September. The tax -- aland received firm drain of dollars in the last three costs for foreign loans, discour-|maximum of 15 per cent--is on|that the policies of the Cana-|months of 1964. : agement of private investment|foreign stocks and bonds as-idian government are and President Johnson has sought abroad by U.S. business, re-iquired by 'American citizens./be directed toward limiting | assurance that the continued Will Curb duced. duty - free exemptions|After special urging, new Cana-|such outfl to mainten- for U.S. tourist purchases and|dian issues were exempted. ance of 1s sane ion of Can-|volume of Canadian borrowings Borrowings incentives to lure more foreign} Canada argued special needjada's foréign exchange re-jin American money markets Britain's U.S. Dependence For Arms Indicates Trends /Porev RT at id, wld el "nao a ail v4 a KENZIE ritain also intends to work i , Staff Writer|an exclusive British market." hit coanentive production with <sepeger i aie Ms My end the United States' naggingjCongress had world-wide ram-|her own dollar-drain, or bal- Britain's decision to junk its| The same situation--inability/France, but the U.S, arma]. + year program|doliar deficit, announced coun-|ifications in view of the position|ance-of-payments, problem, ation of the Canadian under-|American dollars from swell- go-it-alone policy in developing/to build an aircraft that could|ments industry, by its size and be 4 lg ine ama in- der-measures Wednesday which of the American dollar as the| Said the president Wednes-|taking last year when it re-ling beyond her pee costly new weapons systems--|be sold elsewhere--broke upjrole, has a built-in advantage. gt aircraft, included "firm assurance" Ichief currency. 5 day: ceived partial exemption. s neots tabi Focalling the ill-fated Canadian|the Avro Arrow. McNamara noted, in announc- Arrow aircraft am--is an- ing the British deal and one other fo array at continuing|BIG ORDER with Australia worth $35 ,000,- "YQ THE OSHAWA TIMES, Thursdey, Februcry 11, 1965 LBJ: Canada ARCH Mac plicated weapons systems for Press Oshawa Shopping Centre trend. Britain marked its policy shift|999, that U.S. allies in the last , the United States armaments industry is the dominant one in the West- ern world, Only France, for na- tionalistic reasons, pursues a more independent course. One upshot is increasing com- petition among Canada, Brit- ain, West Germany and other U.S. allies for a slice of the arms-production sharing which lightens the financial burden of modern defence needs. "whether we like it or not, the all-British plane is out," Aviation Minister Roy Jenkins said in announcing plans to buy two U.S. versions rather than British machines. with an order for $650,000, worth of Phantom II jet fight- ers and heavy transports. Low interest payments, spread over seven years, lighten the burden. So will arrange- ments to use British Rolls- Royce Spey engines in the 150 Phantoms, or F-rs, which Can- ada at one time hoped to pro- duce for itself and Britain. Negotiations had been held with Britain and the U.S. but U.S. Defence Secretary McNa- mara rejected the motion. Ejector seats and some other equipment will also be made in Britain and negotiations con- tinue about the possibility of "We are at the end of the road in the production of com- assembling some of the air- craft there. Education Item 1 Of 1965 Budget TORONTO (CP) -- The high cost of education will be On- tario's paramount problem dur- ing the next decade, says Pro- vincial Treasurer James Allan: As he presented the legisla- ture with education estimates of $508,000,000 -- not including $100,000,000 being made avail- able as loans for university construction --Mr. Allan said school enrolments are increas- ing at ali levels. "Education will remain our greatest challenge and the fi- nancing of it will add materially to our over-all need for re- venue," he told the House. Expenditures by the depart- ment of education are estimated at $44,900,000, up $62,600,000 over 1964-65. The increase repre- sents 38 per cent of the total in- crease in the 1965-66 budget over the current year. More than $63,000,000 has been budgeted for the newly-created department of university af- fairs. Last year about $46,000,- 000 was set aside in the de- partment of education's esti- mates for university grants. UNIVERSITY LOANS UP In addition, capital construc- tion loans to be made available through the Ontario Universities Capital Aid Corporation will be increased to $100,000,000 from $53,600,000, Not all of the money of the Ontario Tax Foundation Plan, instituted Jast year, has resulted in increased costs of $97,300,000 over two years. The foundation plan regulates grants to elementary and secondary school boards. One of the main reasons for the introduction of the new grants formula was to provide substantiai relief to home- owners and farmers from the burden oj taxation on their property for school purposes, the treasurer said, He pointed out that elemen- tary and secondary school enrol- ment has doubled in the last 20 years and probably will double again in the next 20. University and college enrolment had tri- pled and would triple again. Meanwhile, demands were be- ing made for higher standards of service and for education in the commercial and technical areas. "We are thus faced with a eral level of our economy," Mr. Allan said. . "For the next decade at least, therefore, education will per- force be Ontario's No. 1 prob- lem." With education costs reaching such a high plateau, the minis- ter said, it has become essen- tial that full value is received four years have purchased $6,- 000,000,000 worth of arms against one-sixth that value in the four years previous. SHARE PRODUCTION This trend, of substantial ben- efit to U.S. international earn- ings, reflects some of the de- pendence on the U.S. by indus- tries in other countries. Canada has been a prime participant in deals parcelling out U.S. pro- duction, But as the field has 'be- come more crowded, Britain and West Germany have passed her. Prime Minister Wilson in his visit to Washington last Decem- ber worked out with President Johnson the basis for negotia- tions on greater U.S. - British co-operation in developing new weapons systems. Germany also has been ac- tive. Defence Minister Hellyer of| Canada, informants say, has a Unions Please Most Seamen TORONTO (CP) -- A survey among Canadian seamen indi- cates most of them feel their unions are doing a good job for them. One-third of those polled said their union is doing an excel- lent job, half thought their unions are "'fairly good," 7.5 per cent are not happy with the job being done, and 1.4 per cent describe their union's effort as "very poor." The survey covered 496 sea- men. The 108-question survey was conducted by the Religion- Labor Council of Toronto for maritime trusteeship set up by the federal government to oversee shipping unions. Opinions of the members often ran counter to proposals by Mr. Justice T. G. Norris, who conducted an inquiry into future of rapidly increasing ex-|work disruptions on the Great penditures on education and at a| Lakes. rate well above that of the gen-|jurist's 1963 report recom- The British Columbia mended prohibition of union hiring halls, and criticized union Do Not Ship lists, which can effectively bar a man from em- ployment. The poll showed 60 per cent prove union hiring halls. Thir- teen per cent favored halls run jointly by union and shipping company and 3.8 per cent sug- will be spent in one year. Mr. Alian said the operation for every dollar spent. gested government-run halls. Tabac Pre-Electric Co Gifts for Shin Arden After Shave Lotion ... THIS VALENTINE'S FEBRUARY 14th My Citation Men's Cologne JURY & LOVELL '=. City Wide Free Delivery Phone 723-2245 Oshawa--W hithby--Bowmanville LARGE SELECTION of VALENTINE CARDS Coty L"AIMANT Cologne Dusting Powder Perfume 2.75 EACH Love Soap 3's 3.50 Cologne 3.50 Dusting Powder 3.00 HARTNELL IN LOVE Perfume Spray Toilet Water 3.25 8 King Street East, Oshawa Store Open This Sunday from 12 Noon till 6 P.M. 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