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| The Oshawa Sines Published by Canadian Newspapers Limited, 86 King St. E., Oshawa, Ont. Page 6 Saturday, July 2, 1960 Reduction In Sharply reduced borrowing in the United States in recent months by Cana- dian provinces, municipalities and cor- a porations has been a major factor in the decline of the premium on the Cana- dian dollar since March, according to the new business review of: the Bank of Montreal. Reviewing events in 1956-59, the bank recalls the massive volume of foreign capital that flowed into Canada. The volume was so large that it not only provided "the means of settling Canada's large deficits on merchandise and other current account transactions, but resulted in demand for the Canadian dollar that kept the premium in a range broadly between two per cent and five per cent." This pattern continued into the early part of 1960, but after March the trade deficit widened and, even more impor- tant, Canadian borrowing in the United States declined. These factors combined to squeeze the premium on the Canadian John Wintermeyer, Ontario Liberal leader, suggests that a provincial sales tax could replace property taxes for the support of education. Noting that muni- cipalities were facing a crippling burden as they struggled to meet education commitments from real estate taxation, he said, "More money has to be found by the province, and I say that calls { ® fora specific levy for education puropses and the money collected distributed on a per capita basis for elementary and secondary school education." Thus the province would assume the cost of elementary and secondary edu- cation, and the municipalities would be | relieved (-- by Mr. Wintermeyer's es- timate of at least 50 per cent of their present property taxes. He does not think that school teach- ers would become civil servants under } such a scheme: "Teachers should be put on a professional status, the same as doctors, engineers and others, and control their own affairs.' $ The Liberal leader has a plausible I and attractive idea. There is no doubt ; that the province must assume more 1 of the burden of education, but how 4 Borrowing Lowers Dollar Premium dollar to less than two per cent, and this situation has continued more or less without change to the present. Canadian exporters, "other recipients of foreign funds" and visitors to Canada welcome the change, while importers, Canadians travelling abroad and those who must meet foreign currency obliga= tions find themselves at a financial dis« advantage compared with a few months ago. But the advantages to Canada far outweigh other considerations. If>~ime ports, spending by tourists abroad and borowing in the United States can be discouraged, and exports encouraged, Canada will be the gainer. The review sums up: market psychos logy can, for short periods, accentuate movements in exchange rates, but in the longer run, the rate is bound to be de- termined by the underlying ebbs and flows of real international transactions on both current and capital account, which bulk so large in the functioning of the Canadian economy and which themselves are always changing. Education Sales Tax much local responsibiltk Shgu1d be re- moved in the process is a pretty comp= licated matter. If the province took on the whole responsibility for education below university level, would school boards be required or would some offie cial paid by the Department of Educa- tion be sufficient at the local level? How would the "professional status" of teachers be managed as employees of the Department of Edycation? Would their salaries be yt across the province? Most teachers are suspicious of moves to restrict their bargaining power, and there would be an obvious threat in a take-over by the provincial government Suspicious, too, should he taxpayers, who 'would need some assurance that once relived of the levy for education they would not find themselves paying the same property taxes for other muni- cipal ventures. : We believe that ultimately the pro- vince must accept the responsibility, but before it does there are many as- pects to be explored. A seemingly facile solution could make a sorry mess both of education and taxation. Worst Accident Month July is the worst month for farm accidents, which is as good a reason as any for the selection of a week during the month as Farm Safety : Week, which starts July 24. As Dr. H. H. Hannam, president of the Can- adian Federation of Agriculture states: bd 0 = "A recent national survey of farm accidents in Canada indicated that one in every four farm families is in- volved in a farm accident annually and Ee gh Sry if one in every 50 such accidents is fatal. y As 13 per cent of last year's accidents % occurred during July, we think . . . 1 that this is an ideal time to conduct ( such a safety program . . . Every + person who realizes the tremendous losses incurred by Canadian agricul- ture through farm accidents becomes immediately aware of the need for an effective accident prevention pro- gram." From the National Safety Council come these tips on how to avoid har- vest hazards: She Oshavon Times T. L. WILSON, Publisher and General Manager €. GWYN KINSEY, Editor The Oshawa Times coming The Oshawa Times 3 ed 1871) ana the' Whitby Gozette ond cle (estaklished 1863), is published daily ys and statutory holidays excepted) Members ot Canadion Daily Newspapers Publishers Asséciation," The Canadian Press, Audit Bureau of Circulation and the Ontaric Provincial Dailies Asso ciation. The Canadian Press is exclusively entitled to the use for republication of all news de hed in the paper credited to it or to The As te I Te STS SE SE ema --.-- Press or therein reserved Offices Thomson Building, 425 University Avenue, Toronto, Ontario, 640 Cathcart Street, Montreal, P.Q. i +, SUBSCRIPTION RATES red by carriers in Oshawa, Whitby, Ajax Pickering, Bowmanville, Brooklin, Port Perry, Prince Maple Grove Hampton, Frenchman's Bay, Taunton, Tyrone, Dunborton, Enniskiilen, J Leskard, Brougham, 8urketon, Claremont, 1 Columbus Fairport Beach, Greenwood, Kinscle, | Raglan, Blackstock, Mancheiter, Cobourg, Port Hope Po; 00 and Newcastle not over 45¢ per week. | By mail (in province of Ontario) outside carriers 1 delivesy areas 12.00: elsewhere 15.00 per year. ters, and also the local news put J All rights of special despatches are also Average Daily Net Paid as of April 30, 1960 "Moving machinery on public roads is a necessary but dangerous harvest job: obey traffic laws; warn motor- ists, with flags by day, safety lights and reflective material by night; post flagmen if visibility is limited by hills, curves or obstructions. "Child victims of harvest accidents are often injured or killed in drive- ways or farm yard. Do not allow small children into work areas, unless ac- companied by an adult who can give them full attention. If older children want to help, supervise them carefully, "Combine operation requires good judgment. Know your machine. Shut off power before cleaning, adjusting or lubricating. Be certain-that every- one clear before engaging the 'power. is "Sunstroke and heat exhaystion and cool clothing to protect from the sun. Drink plenty of water and take a salt tablet with glassful, or add a table spoon of salt to each gallon. Avoid excessive fatigue Zz "Drive carefully while hauling grain, Tractor brakes are not very effective in stopping a loaded grain wagon. Keep hitches in good condition, Use a safely chain when hauling on public roads. Never work under a lifted dump box and, carry no extra riders." - Other Editor's Views BRAZIL'S NEW CAPITAL (Ottawa Citizen) Brasilia, the new capital city of Brazil, has* been officially opened It has been located hundreds of miles inland with the object of stimulating interest in and development of the country's vast in- terior. Maybe the same thinking ought to be applied to Canada, where the great open spaces remain open in spite of all exhortations. Mr. Diefenbaker and Mr. Alvin Hamilton might extend their vision of the North to include a shining new capital located, say, on the shores of Great Bear Lake, D HERMAN N. BUNDESEN, MD view of advances in the medical field, And there are a number of new drugs and techniques I want to discuss today. is designed to produce better con- trol of epilepsy, CONTROLS CONVULSIONS new chemical anticonvulsant properties. It does not put patients to sleep, but it does control the convulsions that characterize epilepsy. particularly effective when used in conjunction with other anti- convulsants. It has been clinically tested for more than three years FOR BETTER HEALTH New Drugs, Techniques For A Variety Of Ills and is available only through a doctor's prescription. SYNTHETIC PENICILLIN Another new drug is Syndecon, the . first combined medication containing the new synthetic peni- cillin, It is designed to combat upper respiratory infecflons ac- companying colds and influenza. It is available through pre- scription in tablet and powder form RHEUMATIC DIS] ES A new anti-arthrtitic and anti. inflammatory analgesic, Arthro- pan, may prove to be of consid- erable value in the prolonged treatment of pain in crippling rheumatic diseases. The drug is reportedly absorbed five times as fast as aspirin. It's time for our monthly re- One of the new drugs, Elipten, The drug is a member of a series containing The drug is reported to be RR iC lis DON'T MAKE THE HIGHWAYS DIEWAYS U.K. OPINION Damper On Home Sales Applied By Chancellor By M. McINTYRE HOOD Special London (Eng.) Correspondent For The Oshawa Times LONDON Boost your ex- ports and keep a damper on home ales. That in a nutshell is the nomic policy of the Macmillan nment, as enunciated by llor of the Exchequer coat Amory. That is what ind the increase in the bank rate to six per cent from five per cent, and the move requiring the banks to cut down their lend- and granting of overdrafts. restriction of the amount of money the banks have available to lend, plus the rise in the bank rate, is taken by competent au- thorities to mean only one thing. The ehancellor is not pleased with the performance of Britain's big exporters, as shown in the growing disparity between im- ports and exports. By making it. dearer to borrow money and more difficult to buy goods in the home market, he nts to stimulate the produc- tion of goods by British industry to sell in the overseas markets, This would cut down the all-im- P nt gap between imports and exports, a gap, which has long been Mr. Amory's headache at a time when in general Britain is prosperous and doing well. NOT PALATABLE These new credit restrictions have not been well received in big business circles. Frank Bower, president of the Associa- tion of British Chambers of Com- merce, says: This increase in the bank rate is more severe than the situation calls for. It would ave been better for the Chan- cellor to have concentrated on reducing government expenditure in order to take the fever out of the situation." J. B. Begnall, deputy secretary of the National Chamber of Trade, said: "The increase is re- grettable, It means virtually that traders will have to take a cut in wages -- the ouly section of the community to do so- in these days." The Federation of British In- dustries, however, sees some merit in these moves. Its official statement says: "There is no doubt that we are on the edge of a dangerous phase of inflation, and this action is probably justi- fied as a short term measure. It is to be hoped that in fact the term will be short." Curbing the excessive home demand for al' kinds of commod- iries is one of the aims of the chancellor. Purchasing power is increasing as unemployment dwindles. The latest unemployment figures show at mid-June a decline of 36,132 compared 'with a month previously, with the percentage of unemployed only 1.4 per cent of the working force. In London and the southeast of England, the percentage of unemployed is 0.8 per cent. Out of over 26,000,000 British workers, only 305,000 were listed as unemployed. GOVERNMENT SPENDING It is now expected that major cuts in government spending will be announced very soon by the Chancellor of the Exchequer. This is regarded as an essential step to fortify the national econ- omy. Ministers have been called in to present economy plans to the prime minister. The new restrictions in govern- ment spending are expected to affect road and rail develop- ments, the armed services, the post office and investment in the | nationalized industries like elec- tricity and power. It is consider- ed certain that many government building programs will also be affected. The government is be- lieved to be seriously concerned at the signs of overstrain now developing quickly in the econ- omy. One of the serious aspects of this is a severe cut back in the building of homes, because of the shortage of workers in the build- ing industries. LABOR'S DEFENCE PLAN Hugh, Gaitskell has taken a hold step in announcing the new Labor policy on defence without having secured approval of it from the Trades Union Congress. The new policy also failed to se- cure unanimous support from the Labor party's national executive. In brief, the new policy com- mits the party to adhering to the nuclear deterrent as the major pillar of Britain's defence, with strengthening of NATO and an eventual coming under the umbrella of US. nuclear weapons, and allowing the United States to have bases in Britain for these weapons. Gaitskell is confident that he can carry this policy at the party conference in QUEEN'S PARK Quebec Election Result Pondered By DON O'HEARN TORONTO -- The Quebéc elec- tion result hit here like a block- buster, The completely unexpected re- versal naturally was most ime portant of all to the Liberals. They could take much heart from it. Inversely it hit both the CCF and the government The CCF, desperately striving to be the second' major parly, considers the Liberals to be its main opponent. It wants to wipe out the party. A resurgence, such as that in the neighhering province, to it is' a major tragedy. STILL ALIVE There are those who will say that the results of an election in another province have no real im- portance here In some cases this is probably true, But in the current one it cer- tainly is not. For the past few years the Lib- eral party has been in an unusual decline. i There undoubtedly has been some question in the public mind whether it was not on the way to disappearing altogether, To quite a degree it has been dh the edge of falling one way or the other. And the Quebec verdict is bound to plant in the public mind that it is still alive, very much alive, HERE TOO? So far as the government here is concerned, as a result of this election it has to take a good look in the mirror. The Quebec result has to be re- garded as a rebe'lion. There was really no cause for it other than discontent. There was no outstanding big issue or no spell-binding figure responsible for it. It must be taken for granted that the people just wanted a change. > The question is, are Ontario people bezinning to think in the same vein? . Are they getting bored with long years of Conservative gov- ernment? Many Conservatives today are asking themselves this question. There are two factors, however, which must relieve their thoughts, One is that it is accepted that if Premier Sauve hal lived the Quebec result. probably would have been quite different. And they still have Leslie Frost. The second is that there is an exceptionally strong group of young Tories growing within the party and giving every promise of keeping it alive. September, in spite of the set- back received roi the TUC executive, But it is significant that a meeting of the Socialist party in the Hampstead constitu- ency in which Mr. Gaitskell lives, passed a resolution demanding that he resign the party leader- ship, on the ground that *'his de- parture is now essential to the unity and progress of the party." In some quarters, the new de- fence policy is hailed as a vie- tory for Mr. Gaitskell. At the best, such claims are premature, as the attitude of the Trades Union Congress, in which there 1s strong support for unilateral abandonment of nuclear weapons, has yet to be decided. Mr. Fr Cousins, leader of the unilateralists in the TUC move- ment, is dead against the new policy, and he controls a large block of votes in the TUC and the Labor party. Peak therapeutic blood levels us- ually are attained in ten to 15 minutes, Equivalent quantities of aspirin, researchers report, usual- ly require more than two hours to attain such blood levels. New agents are now available for clinical trial in patients with clots in the circulatory system. A, Fibrinolysin, a naturally - oc- curring clot«lissolving enzyme, and streptokinase, an agent which activates the body's own fibrinoly- sin, are helpful in treating many types of blood clots. Another new development fis BY-GONE DAYS 35 YEARS AGO The block at the corner of Sim- coe St. N., and Richmond St. E., was to be constructed for use as a hotel, Capt. William Lorimer was ap~ pointed to command the Oshawa Corps of the Salvation Army, Collapse of part of the wall -of Oshawa Harbor was threatened and hundreds of tons of coke had soluble, the use of a tiny electrode to des tect a sevete, chronic form of heartburn which sometimes is mistaken for ulcers or heart dis-" ease, : The electrode is passed through the nasal passages into the eso. phagus to a location just above" the juncture with the stomach." There it detects pressures on the. esophagus and minute changes in acid balance, thereby revealing" the true nature of the disturb. ance, x ¥ QUESTION AND ANSWER S. A. R: 1 am 72 years old and have had a sore on my foot for four years. The doctor now wants to amputaie the third toe on this fool, claiming this will facilitate healing of my foot. May I have your opinion on this? Answer: A sore on the fool which has lasted four years is use ually a form of gangrene asso« ciated with hardening of the are teries, diabetes or other econdi« tions. : Amputation is' often necessary in such cases. H NOT HUNGRY i PALO ALTO, Calif. (AP) = Texan Bobby Morrow, 24, star of the 1936 Olympic Games when he captured three gold medals, rates only a long-shot chance in 'the United States trials at Stanford this weekend. Now a bank vice- president in Abilene, he says: "I've had to concentrate on des sire to make the team, It's hard when you haven't won a race in a year--hard to convince your- self you can still do it." All told, 291 athletes compete for the team's 53 positions. ® to be moved in a hurry to pre- vent it slipping into the harbor channel. Capt. W. J. Lock was elected zone representative of the Cana- dian Legion at & zone rally held in Uxbridge. 40 KING ST. EAST About 40 members of Oshawa s Lodge attended a monster Metcalf Real Estate Limited OPEN EVENINGS AND SATURDAYS Dial RA 8-4678 F'ks pienic which was held on the estate of Maj. W. F. Eaton at Hamilion, as courtesy of the Hamilton lodge. Oshawa Ministerial Association protested to 'the government against the granting of a fourth beverage room authority in the city. A proposal to move the Fire Dept. to the former Williams Piano Co. building was presented to the city council, Stephen G. Saywell was ap- pointed to the executive of the Christian Youth Council of North America. ULTRA MODERN RANCH BUNGALOW On 2 levels featuring all conveniences for outdoor Summer iy, Building permits totalled $31,- 025 for June. The proposed formation of a Humane Society for Oshawa was living, includes covered patio with barbecue, fish ponds, pri- vate cabin, beautiful rockery and shrubs, double carport and breezeway -- complete self-contained modern apartment. in the basement including natural fireplace. 16° x 20° living room with copper hooded fireplace, dining room, large modern kitchen, 2 bedrooms and ceramic tiled bathroom. If you are approved by the Police Commis- sion and it was left to the inter- est of the citizens for organiza- tion. Marion Drew, 5-7610 Joe Maga, 5-9191 Due to the _schools closing, health authorities assumed the cases of measles would lessen. Out of 145 communicable - dis- eases reported in the schools, 125 looking for a quality built home, completed in every way call this office for an appointment to. inspect, AFTER 5:30 CALL Everett Elliott, 3-9290 Lloyd Metcalf, 5-6983 Dick Barriage, 5-6243 were measles. Oshawa Wood Products Lid. THE ABOVE PHOTO SHOWS OUR WELL STOCKED PAINT DEPARTMENT IN OUR NEW, MODERN SHOWROOM AT COURTICE We carry a complefe line of Interior and Exierior PAINTS --- ENAMELS - VARNISHES - STAINS - WOOD PRESERVATIVES MASONRY WATER PROOFING PAINTS - BRUSHES : and DECORATING ACCESSORIES Come to Oshawa Wood Products for Expert Adyice on Paint Problems DOWNTOWN SHOWROOM Oshawa Wood Products Lid. 84 SIMCOE ST. 5. -- RA 8-1617 MAIN OFFICE AND SHOWROOM 9 TELEPHONES TO SERVE YOU DOWNTOWN SHOWROOM OPEN FRIDAY UNTIL 9 P.M. BOWMANVILLE MA 3-2130 COURTICE -- RA 8-1611 AJAX ZEnith 2-9600 rs SE amet i