The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

7 THE OSHAWA TIME, Thane, etme 1963 | BUSINESS SPOTLIGHT Research Need Seen In Human Relations (Crump, president of Cenedianlextent." said Mr. Douglas, 'Cor-;cided upon, NICB sends ques- "| Baotte Hatiwav, ant G> Arnoidiperations arc sometimes...nolltionairee ta these of it crite [Hart president of the Bank oflequipped to delve into these ers able vr cet Montreal. areas and we step in to plug thelrrmation "Response to the re- PLUG GAP gap. We have access to a wide|quests is ," he said. If the "In this particular field of i-\tange of experience than a sin-\company dustria! research, we ere deal-|gle company." tribute and the time to prepare ing with intangibles to a large| When a specific project is de-'it, they usually co-operate." rench Canadian Women's Federation A GALA TIME MONTREAL (CP)--Monteath|and do nothing that is likely to,dian businessmen including C. Douglas, director of the Cana-|influence legislation," he said.|H. McLean, president of British dian office of the Nationa!\"The conference board's ap-|Columbia Telephone, N. R. Industrial Conference Boerd (NICB), says there is a need in Canada for more industrial re- search in such fields as human relations, economics and labor- ment rela "Ours is the ealy organization in Canada covering such a wide of business," Mr. Douglas said in an interview. "Although the government does some of this work through the department of labor and the Dominion Bureau of Statistics, there is still room proach is objective, its methods are scientific and its findings are factual and thorough. It does no} advocate doctrines or prescriptions." trolled: by a board of trustees, mostly from the United States. field of research in these areas/phe Canadian branch is guided by a Canadian council of 21 ex- ecutives, self-elect from the sub- seribing companies. Every three years, one-third of the council- lors step down and the re- mainder elect seven new mem- The conference board is con-| FRIENDLY APPROACH from planting a kiss on his porcelain friend at the Ed- The affection between these "two cats is strictly one-sided tt that doesn't stop kitty mon Cat Fanciers' Club show, --(CP Wirephoto) Gordon Given SOTA ee RE wee HM tees OTTAWA (CP)--The govern-, The assessment came from has been given an earful|those most affected--the top ex- blunt, forthright advice onjecutives of large American and possible effects of Finance European corporations, many of Minister Gordon's -proposal to} them with subsidiaries in Can- slap a heavier withnolding tax|ada. jon predominantly foreign-owned; On Wednesday the 74 busi- 'enterprises in Canada, it was|nessmen wound up three days dearned Wednesday. of closed-door talks with Cana- Industrials High Despite New York TORONTO (CP) -- Papers;gained 13 cents to $1.09 and einstrisis to their ~ Leitch dipped six cents to $2.57. point since June 14 as the} On the foreign market, Grey- stock market moved ahead Wed-|nound rose %, Bralorne five Ber Yor m a mixed to lower|cents to $5.10 and Bell Phone market. Volume Te-|was quoted at 5414. On index, industrials were up 2.01 to 643.50, base metals .92 Paper and Moore Corp.|+, 917.12, golds declined .17 to each among papers 192.77 and western oils .01 to Pipelines were strong, Inter-|119.33. Volume for the day was © "Abitibi gained % and Consoli- wincial Pipe Line rising %%/2,722.000 shares compared with} Trans-Canada and Trans-|3,198,000 Tuesday. Advice 'On Withholding Tax business and labor leaders, The sessions were arranged by Business Interna- dian government, tional, a private agency that has governments including France, Mexico, Spain, India, Japan, Brazil and Argentina since 1956. The executives, speaking in- dividually rather than from any group position, made their cases here in informal talks that were clearly labelled beforehand as confidential in a bid to encour- age open and frank views on both sides. What they said re- mains private. GAVE U.S. VIEW However, an American source said the U.S. businessmen spared no effort in pointing out, in as. much detail as possible, that the new tax could have a serious effect on both existing operations in Canada and on future investment. in his June 13 budget as part of a policy of promoting what he called a 'growing partner- ship between Canadians fountain % each. Trans, had similar sessions with other for much more, "Of course, the amount of re- bers. A list of council members search is limited by the mater-|reads like a who's who of Cana- CAR 282 King W 728-958) BAZAAR BEING HELD TUES. SEPT. 24 Ste. Mary of The People AUDITORIUM 532 STEVENSON RD. NORTH 2 P.M, till 9 P.M. FOR ALL... © Free Lucky Drew © A Clown To Amuse The Youngsters © Refreshments Served © Baby Sitting Supplied . © An Excellent Array of Booths including ASSORTED © EVERYONE WELCOME ¢ DELIEATHOORN ial, personnel and fi avai- lable.At a certain point in our planning,we must ask ourselves if the project is worth the time and money required." NICB was established in the United States in 1916 and set up a Canadian branch in Montreai nine years ago to extend the scope of its work. It is an inde- pendent and non-profit research institution with three main areas of interest -- economic studies. personnel administration and business practices. 300 IN CANADA H The conference board is sup- ported by its subscribing asso ciates, numbering about 3,700 in North America, 300 of which are in Canada. Members include | business' organizations, profes sicnal firms, trade associations, labor umons, universities and government agencies The members contribute vol- utarily, according to their abil- ity to pay, thus allowing small companies, individuals and non- profit organizations to partici- pate. Mr. Douglas emphasized that NICB is not a pressure group. 'We make no policy statements non-resident investors in Cana- dian manufacturing, 75 per cent of the oil and gas industry and 61 per cent of mining is foreign- controlled. Effective June 13, he wiped out the 15-per-cent 'withholding earned by foreign no-taxable investors but at the same time shifted the tax as it applies to dividends in order to penalize companies that are predomin- antly foreign-controlled The tax was dropped to 10 per cent, effective June 13, on com- panies with 25 per cent or more Canadian ownership. But it was raised to 20 per cent, effective Jan, 1, 1965, on companies that don't achieve such '"'partner- ship" before then -- including wholly-owned U.S. subsidiaries. Mr. Gordo anounced the tax) 30 DAYS OVERSEAS (OCT, 1st -- MAR. Ist) $312.00 ROUND TRIP AT FOUR SEASONS TRAVEL (OSHAWA) PHONE 728-6201 cand Pipe Line dipped %. * Chrysler rose one point to 83) Ford Canada 4% among au-| | les. Ford U.S. was down) r. Federal Grain declined point to 76 and Ogilvie Flour ¥%. Collingwood Terminals @avanced two points to 18 | «Bank issues were lower and| Binancial stocks mixed to higher. « Falconbritge rose 1% to 56% ind Geco Mines % in senior base metals. FRIDAYS and | LILLIAN MAE MARSH Eran sues vere mses o| SCHOOL OF DANCING D.E.A. Ballet, Tap, Cheracter, Pre-School, et the MASONIC TEMPLE, 91 Centre. St. INFORMATION: 723-7253 Acrobatic, Kinderdonce. SATURDAYS * Among speculative mines, ISO i STYLE nO CHER C Give your eyes a lift! Re- place your worn out, old- fashioned, out-moded --_-- with KING'S LATEST STYLES. Choose from the most pone gold color combination and fk igor styled Zyl <a REPAIRS Broken lenses duplicoted. Frames repoired; frames re- plac you wait. Lowest prices! NO APPOINTMENT NEEDED WE FILL ALL PSI, OCULISTS AND OPTOMETRISTS PRES- LOW PRICES. Optici §, SHAPES AND COLORS OOSE FROM! HARGES CRIPTIONS AT THE SAME™ SINGLE VISION S11,95 BIFOCALS 'Over 3,000,000 Satistied HOURS: MON. TO SAT. 9 AM. - 5 P.M, Closed All Day Wednesday 17 Bond St. £. 2nd Floor Phone 728-1261 Oshawa BRANCHES IN MANY PRINCIPAL CITIES OF CANADA AND U.S. . at same low price. owt Gertie ter tons T SONAL BRANDS tax on Canadian bond interests FOAM CUSHIONS SAVE $75. for a limited time only, OSHAWA UPHOL- STERING CO. ore making this truly great offer. You can hove your 2 or 3-piece chesterfield suite re-upholstered with foam cushions in place of your wom-out springs AT NO EXTRA COST! The foam cushions ore ABSOLUTELY FREE. Take adyontage of this great offer. Order now, have your suite covered later if you wish. but order Have your suite covered later if you wish-- now and be assured of Foam Cushions Free! Payment Uniil oct. cy Have our consultent call and give you @ free estimete . . Take 24 months to pay. .. $10 monthly RE-COVERE MATERIAL INCLUDED OSHAWA 10 BOND ST. WEST 725-0311--725-0310 Out of town customers call collect. FREE PICK-UP AND DELIVERY, 5-YEAR WORKMANSHIP. GUARANTEE For the first time, two ales have been blended to give you a smoother, ry EXTRA ANA OES Bre ne ee an it's possible to brew in a single ale. OLD STOCK ALE ee