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18 THE OSHAWA TIMES, Monday, June 12, 1961 BUSINESS SPOTLIGHT Europe's Mart Worries By FORBES RHUDE Canadian Press Business Editor Western Europe's economic unity excites a mixture of sur- prise, admiration and apprehen- sion in Canadians. It was surprising enough that so many traditional national dif- ferences could be hurdled to make possible the Rome treaty of 1957 which created the six- country Common Market. Even with the treaty signed, however, there seemed to be Canada the best entry possible into the European trade blocks. "We should remind them," he commented, "that our borders are relatively wide open to their manufactured goods. . . . We can maintain a status quo posi- tion in trade with them only by raising our barriers to them un- less some means is found of reducing theirs to us." WIDER ASSOCIATION Dr. E. H. van der Beugel, strong possibilities that it would president of KLM Royal Dutch run into complex problems thats; jines "another speaker at the would slow down its program. manufacturers' meeting, saw Such a view underestimated the the possibility of a wider asso- new spirit of Western Europe. ciation than the present Euo- Rather than slowing down, the pean blocks. pace of unity has speeded up. L. D. Smithers, president, "We have," he said, "seen two rather clearly defined per- Dow Chemical of Canada Ltd., jods of North Atlantic 0-0) -oper- expressed both the Canadian ation after the war. Our hope admiration and apprehension at now is vested in the prospect the recent annual meeting of thes + oo gradually move into a Canadian Manufacturers' Asso- ciation when he said: third period, that of a real At- lantic community. Before we "It means a better way of lifeireach this, however, many dif- for Europe's millions and it is/ficult obstacles must be re- surely an answer to the false moved." claims of communism. We should be glad it's there, but we In regard to the prospect of the United Kingdom making an must learn quickly to live with|;oreament with the Common it. . . . I have seen little indica-| nfo pet "he commented: tion that we are aware that we must take decisive and positive action to move along with them to mutual prosperity." SEES BENEFITS "It is an open question whether a reasonable entry of the U.K. into the Common Mar- ket, which takes into account a few important and specific Mr. Smithers saw the Euro- Commonwealth interests, is pean agreements as raising def- more dangerous for Canada inite barriers against us but {than the present situation in nevertheless appeared hopeful which Canada has to cope wit that, with proper action, we can/the Common Market on one reap good from the situation, even though there will be up- sets. "We should, for one thing," he stated, "be making a greater effort to establish ourselves in Europe as reliable suppliers of quality goods at competitive prices, because this developing economy is the world's greatest potential for both our raw ma- terials and our finished goods." Like many others, he empha- sized the need for keen negoti- ations and bargaining to retain |side and the European Free |Trade Area (the so-called Outer {Seven) on the other." | A. T. Lambert, president of the Toronto-Dominion Bank, tak- ing a hopeful view for the mo- ment at least, said: "In spite of our continuing fears that the | |""Six" and the "Seven" may | {turn into inward-looking protec- tionist groups, the effect so far {has been that their growing |prosperity has made them bet- [ter markets for Canadian goods." Little Emotion From Eichmann JERUSALEM (AP) -- Adolf Eichmann, whose name means "man of oak" in German, is sit- ting with a remarkable mask of calm through recital of a pro- cession of horrors blamed largely on him. The 55-year-old former Ges- tapo officer has given no sign of sharing the deep emotion that has exhausted others in the courtroom during nine weeks of prosecution testimony on the Nazi murder of 6,000,000 Jews. The state's case now has con- sumed 252 hours of testimony since the trial began April 11. The record, taken in Hebrew and translated into English, German and French, runs more than 600,000 words. The state produced 1,400 d ts and offered the eyewitness accounts of 109 men and women, most of them Jews who survived the pogrom. An official reported that the research, legal talent, security arrangements and other aspects of the trial so far have cost Is- rael the equivalent of $1,250,000. There are few complaints in Is- rael about the expense. SHOUT IN COURT The daily court sessions have been crammed with spectators. A few lost control as memories of their vanished families re- turned, shouted at Eichmann and were ejected. One witness who lived through had a slight heart attack just before testifying and had to ap- pear several days later. Israel produced the most wit- nesses -- 98. There were five from the United States, and one each from Canada, Britain, France, Germany, Luxembourg and Brazil. The prosecution expects to finish its case today. After a week's recess Eichmann is to take the stand as his own star witness. EICHMANN AFFECTED The daily courtroom grind--if not its human and moral signifi- cance -- has begun to affect Eichmann. Twice he has had heart flutters. He is pale, his hands tremble whenever he picks up a document. He knows he has at least an- other year to live. Until the de- fence is presented, judgment de- livered an appeal to the Israel Supreme Court made, the cal- endar will have run at least through 1961. Another appeal would still be possible to a special five-man Israeli court on whether the trial should have been con- ducted in Israel, which did not exist as a nation when the crime was committed. The three judges are weary and affected by the testimony. After movies of the death camps were shown last week they rushed from the court- two years at Auschwitz never got to tell his story because he collapsed on the stand. Another room, Witnesses have been thor- oughly shaken by their own Istories. Recession Seen In South JOHANNESBURG (Reuters) South Africa is on the brink of economic recession, a survey of a number of businessmen, eco- nomists and bankers showed Saturday. Experts said the new repub- lic faces the threat of lower liv- ing standards and unemploy- ment, particularly among the millions of non - white workers in the country. The prospect of widespread unemployment was regarded as being especially serious since it could lead to unrest and vio- ience in the already racially tense nation. The general concern was sharpened by Friday's out- spoken statement to sharehold- ers by Harry Oppenheimer, chairman of the Anglo - Amer- ican Corporation and South Af- rica's most powerful business- man. He said the country faces eco- nomic '"'stagnation" as long as racial conflict exists. GOVERNMENT PREPARES The nationalist government of Premier Hendrik Voerwoerd has been publicly optimistic but ob- servers said recent changes in money policy show it is pre- paring for squalls. Until the beginning of the year, the government was op- erating am) easy money policy which made credit terms fairly Africa generous. A few weeks ago the stand was reversed and a credit squeeze applied. The South Africa economy is suffering from the flight of for- eign capital -- upwards of $280,- 000,000 in one year -- and dur- ing the last six months this has practically halted expansion and private capital investment. At the moment the building industry, always a pointer, is talking of a slump. One esti- mate is that business has dropped by about 30 per cent. | The steel industry is reported | to be facing a decline in the do- mestic market which is forcing it to turn to export markets. The engineering industry as a whole reflects a slowdown. The flight of overseas capital| is due to a lack of confidence in the racial segregation Policies| of the present government, eco-| nomists said, and Voerwoerd| shows no sign of altering the policies. TIES RECORD VILLANOVA, Pa. (AP) Frank Budd of Villanova tied the world 100-yard dash record for the second time this year with a time of 9.3 Sunday at the Middle Atlantic Amateur Athletic Union's track and field meet. He also won the 220-yard| dash. Eight runners share the| 100-yard dash reggrd, n) 8b)8g| Harry Jerome of Vancouver. | Hk hk TIN, Save 22.00! \ Dinette Suite in warm red maple finish Low-priced because of an end-of-line clearance, this delightful grouping would be easily at home in either contemporary or Colonial dining area or dinette. You've a choice of a round, dropleaf table, about 40" diameter, 20" with both leaves down (so it's a space-saver, too), or a solid top 40" diameter table. Graceful Windsor high-back style chairs, with saddle-type seats, could act as occasional chairs when off dining duty. 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