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a QUEEN'S NEW LOOK Britain's Queen .Elizabeth was made available because II has approved this new like-. some nations were contem- ness of herself for use on plating changes in their coin- British and other Common- age. The profile shows the wealth coins which feature Queen wearing a diamond her portrait. Buckingham Pal-. tiara, a wedding present from ace said Wednesday the new her grandmother, Queen Royal: effigy could be used Mary. now or at any time by Com- --(AP Wirephoto monwealth governments and from London) Crop Prospects Fairly Good Across Nation OTTAWA (CP) General rain would be welcome in most Prairie districts to stimulate crop growth, hay and pasture, the bureau of statistics reported Wednesday. Early - seeded crops have emerged well and are in good condition but recent dry and cool weather has slowed growth. Germination has been uneven in many areas for later crops and stubble fields. In Ontario, most crops look promising and seeding opera- tions were conducted under good conditions. The winter wheat has headed and is grow- ing well but cold weather has by cable delayed pasture and hay crops to some extent. Haying has begun in some parts of Ontario. Frost damage to some tobacco as well some early corn, potatoes and straw- berries is reported. Most areas need warmer weather and more jrain, In British Columbia. tempera- tures everywhere continue be- low normal and this has. re- tarded crop growth. The pros- |pects remain generally favor- orably although early crops ap- pear to be one week to 10 days later than normal. Cool weather has_ prevailed throughout the Maritimes in re- cent weeks. Farmers in Prince Edward Island have completed more than half their seeding and hay prospects are good, In western Nova Scotia, small fruit and forage crops survived the winter well but elsewhere cold, wet weather has retarded seeding. 0,8. dollars are being raised by: the sale of securities by power authorities in the U.S. Pacific northwest. But if they were paid directly into the Canadian reserves, the result would be the same--or at least would appear to be--as. if Canada had borrowed in the American market. ! To get around this, tiiis sys- Normally, the B.C. govern-item is being worked out: ment or any other Canadian) Instead of paying the money agency could raise, say, $100,-\into the Canadian exchange 000,000 in U.S. funds by issuing|fund, it will go to Finance Min- bonds in the American market.|ister Gordon. He then will in- Having raised that amount, it/vest these funds in U.S. treas- being devised in Washington and/would ask the Bank of Canada--/yry securities -- not treasury Ottawa. {which runs the government's|pills, as the exchange fund nor- The two-fold object is to pre-'exchange fund--to swap these/mally does, but speciai paper vent a large, sudden ,drain on|American dollars for Canadian|pbeing written by the U.S. treas- U.S. reserves, and at the same/dollars. ury for this occasion. time to avoid a huge addition) The central bank would take| These securities will be for to Canada's reserves -- an ad-\the U.S. dollars into the ex-\varying terms--in most cases dition that could cause pressure|change fund. In turn, the fed-\longer than U.S. treasury bills on the Canadian dollar and bejeral government would have to|-and they will be non-market- misinterpreted by foreign in-\sypply the Canadian dollariable. Thus they will carry. a COLUMBIA RIVER SCHEME Exchange Troubles Bring Project Finance Change OTTAWA (CP) -- A unique and complicated system of side- stepping both the Canadian ex- change fund and the U.S. bal- ance of payments in financing 'the Columbia River project is Cigarette Men Quit Doldrums WASHINGTON (AP) -- Sales of cigarettes rebounded sharply in March after falling 23 per cent in February, a comparison of government reports showed Wednesday. In the first quarter of the year, U.S. factories sold almost 13,000,000,000 fewer cigarettes than in the first three months of 1963. But treasury figures show} that factory sales in March| were only 4.3 per cent below, March 1963. , In January, the month in which a government committee: concluded that cigarettes were a health hazard, sales were off 5.7 per cent from Janury 1963. February's 23-per - cent drop meant that, on the average, sales were off 14,000,000 packs a day during the month. It was evident that a great| many cigarette smokers turned to cigars after the government report was issued. Cigar sales in the three-month period in- creased by 477,000,000. This was a 33-per-cent increase over the 1963 period. Cigar sales kept tion that cigarette smoking pro- duces lung cancer, bronchitis and gther diseases, he said. "The facts now are in, and no reasonble person should dis- pute that cigarette smoking is a serious health hazard." Dr. Terry spoke at the start of a two-day national conference on cigarette smoking and youth, called by the American Cancer Society. FRIDAY THE REGENTS Plus DUNCAN WHITE Plus JUDY JANSEN Dancing 9 p.m. 'til 1. Admission $1.50 Dad late from the office? vestors. equivalent..To the extent thatislightly larger rate of interest, This special deal won't make|this money could come out ofjhelping to reduce Ottawa's sver- lumbia government. On Oct. 1,'sues, it would cost Ottawa/dian dollars to B.C. as scheduled under the treaty,|money. : equivalent of the $254,000,000\ doesn't want the money in the ND that the Americans have agreed|exchange fund for various rea- DIVIDE 5 stream power benefits provided) 6), of these is the reaction| | ' | ' se is East Sullivan Mines Ltd., 12 \by.storage dams in Canada. that might be set off in the U.S.\cents, July 10, record June 26.! to find these Canadian dollars--|seryes shot up. ments Co. Ltd., 15 pies' five or by borrowing. These were|the proposed U.S. tax on for-| International provided for in the $275,149,500 sei" iavertqents--the interest-iLtd., pfd. 37% oy common| cigarette Grd rebounded dur- ing that month. any difference to the British Co-|the proceeds of federal bond is-lall cost of providing the Cana- jit will get. the Canadian dollar) But in this case, Ottawa| to pay in U.S. funds for down-! sons, | By THE CANADIAN PRESS : | Somewhere, Ottawa will have Congress if the Canadian re- Hastings Mining ang Devyclop- either from its cash reserves,! Congress now is dealing with|cents, July 10, record June 26. climbing in March even though jappropriation in the supplemen- equalization tax, designed to|20 cents, July 15, record June| jtary spénding estimates tabled'curh the U.S. capital outflow/26. lin the Commons Tuesday. That/and thus improve the American] Niagara Structural Steel Co.| NEW YORK (AP)--U.S. Sur.) |amount was calculated to be the /palance of payments. Lid., first pfd. series A agy, |8eon-General Luther Terry saidj \Canadian dollar equivalent of| he U.S. administration|cents, June 30, recozd June 19,| Wednesday that at least 10) |the U.S. payment as of last/,orecd last summer to exempt] Preston Mines Ltd., 14 cents) Ye4ts. will be needed to lure| jmonth. It could change, Ofjnery Canadian issues from. this|plus 16 cents extra, July 10, rec-/ Americans way from the cig- jcourse, by October--dependingitax, in return for the under-jord June 19. |ret jon the exchange rate. } standing that the Canadian gov-) Sullivan C lidated Mines| There no longer is any ques- | Meanwhile, what happens to/ernment would do nothing to at- ithe $254,400,000 in U.S. dollars?|tract more than the normal in- Ltd., five cents, July 10, record! June. 26. WOOD PRODUCTS |Finance department officials ex-|flow of U.S. money. jplain it this way: ' In the Columbias' Serve him CHICKEN IN THE onien The Toronto Star Lid., pfd. 75) Canadians use more than cents, June 32,-record June 19.!5,000 products made from wood. case, the 1349 Simcoe St, N. ot TAUNTON RD. MMURRAY'S DRIVE-IN RESTAURANT ~--m=== New Taste Treat In Town!! TRY IT THIS WEEK-END Delicious Tender English-Style FISH 'n CHIPS --AND-- Tender, Deep Brown, Deep Fried Southern FRIED CHICKEN TAKE SOME HOME ... TAKE-OUT SERVICE McMURRAY'S DRIVE-IN SIMCOE ST. NORTH at TAUNTON RD. a, lot more to look forward to cori Pic TODAY ONLY! 2 PERFORMANCES -- 2 P.M. --8 P.M. Jane Austen's PRIDE and PREJUDICE LAURENCE OLIVIER » GREER GARSON Watch for these great fb ttractions! THURS., JUNE 18 "A TALE OF TWO CITIES" THURS., JUNE 25 "KIM" TOMORROW @ TWO NEW FEATURES LDEN HEPBURN GO ABSOLUTELY APE. GHTROpE" ja Continuous Doily A FAMOUS PLAYERS TwEaTet ROUGH 728-7321 tHE OSHAWA TIMES, Thursdey, June 11,1964 19 Dr. Terry indicated that the BUILT IN MONTH major effort of anti-cigarette) WILFORD, Zngland (CP) -- campaign should be directed at|The fastest-bullt chimney stack the teen-ager, but he warned|in Britain has just ons had a tat many poole, would rest PRE station, in Noga attempts to get them not to'feet a day, the 450-foot chim- start, or to stop, smoking. Iney took 34 days to . HOWARD HOWAR 'Mans Favorite A UNIVERSAL RELEA | (A) WWD FEATURE TIMES: 2:05-4:25-6:50-9:20 LAST COMPLETE SHOW 9 P.M. DRIVE OUT * TONIGHT * ALWAYS A COLOR CARTOON! 3 ACADEMY | py MCLVYN DOUGLAS: PATRICIA NEAL BRANDON de WILDE OSHAWA 2nd HIT "GOLIATH AND THE DRIVE-IN THEATRE 723-4972 * SINS OF BABYLON" ADULTS 75e KIDS FREE *x * IT VIVIDLY DEPICTS THE SILK STOCKING MURDERS! BIG TASTE HUSKY FLAVOUR REAL SATISFACTION everything you expect in an ale -- always NOW SHOWING! THE INTERNATIONALLY ACCLAIMED HT! 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