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BLESSINGS

May the bless- ings of Christmas be yours during

By KEN SMITH

dustry had expected—but de-

jhas been caught with its sales | this holy season down. . and may they continue long into the future. Since . then things

i gone exactly as planned.

car producer in Canada not tied te a parent outside the country; officialstalked of sales of 5,000 to 10,000 cars in the first year; a network of 200 dealers was expected; a . 19,000-car-a-year assembly plant was to be built and operating as soon as pos- sible. ‘| Last week OMI admitted its first hopes were too elaborate. Faced _ wit nancial woes, the company@assed control to two Japa

We hope that everyone has a truly wonderful holiday!

HALL MFG. CO. LTD.”

¢ Summerside F by

o

PLE. T - | Murray River

orced To Reorganize

\ermment. {Canadian Press Business Editor have totalled only 1,800 care ard

Canadians have been buying |the number of dealers js put at new cars at a record clip this |%, both a far cry from early ; year—more, even, than the in- | forecasts.

ite the boom |SCALE DOWN PLANT , Spl ener | The assembly plant output has been scaled down to 4,000! PREDICTS SLOWDOWN Elsewhere on scene, the 3,700 - member Tor- |

of a possible slowdown in total housing starts. across Canada in 1966

Canadian M.ot or “Industries |Cars annually to start and cop- Ltd. came on the scene . year |Struction has been postponed ago as a private. company to | until retail sales reach that fig. sell and, eventually, to assem. |Ure—Possibly as long as two ble Japanese cars in Canada. | Ye@rs. officials of the reorgan havea t ized firm say.

| Taking over control of CMI

When it was first formed, the | With a 30-per-cent equity each

; | will be Mitsui and Co. (Canada)

company was billed as the only rit il eee ead en,

two car firms whose products OMI is distributing.

Clairtone: Sound Corp., which now holds $1 per cent of CMI. will reduce its holdings to per cent while a Western Cana- dian group will hold the rest The western group, led by in- dustrialist. Frank McMahon of Vancouver, has owned 3% per com of Mitsui the remainder.

One Mitsui official said CMI's groups, subject’to troubles have resulted from in- approval of the Japanese gov- sufficient capital. The reorgan. |

Retail sales so far

from the staff at a McKAY and Co.

P.E.L

OLD-FASHIONED GREETINGS TO OUR MANY. FRIENDS FROM THE STAFF AT

_ AMALGAMATED DAIRIES LTD.

Best Wishes ’ for Christmas and the New Yeer

We wih sec you 0

Christmas glowing with

White Star

pany’s decision to put up an a»- sembly plant at Point Edwara, N.S. Although the early optim- ism hasn't been justified, he said, the company still is ?u- couraged by the acceptane of the cars. ~ ' A. CMI noted there are two aspects to the company's operations. The immediate one is selling cars, while the longer-range assembling them in

Anticipating .a drop in the | number of apartment the board predicts about 160.- 000 dwelling units will be built next year, compared with this year’s record , 170,000,

The board also says it is not Mkely there will be much eas- dng in the tight mortgage money situation since most of next year’s funds already have been committed. |

The tight money, high inter- | est situation was blamed as a |

: 5 B 2) ’

Season's Greetings

—_

spokesman atso

aim is Canada.

the business

starts,

factor by Laurentide Finanre- Finance Corp., Canada’s third- | largest finance company, im the closing of its Regina office.

The branch was Laurentide’s . only one in Saskatchewan.

These, three heavy metal spheres, found near Sevilla, Spain, Dec. 6, are believed to be debris from a Societ space

oak

: 3 the happy memories, the cheerful gatherings with family and friends.

Mik: RIL ete

DEBRIS FROM SPACE

eraft or rocket which disinte- grated as ‘it re-entered the atmosphere. Spanish scienti-

cept for a burned area on which is believed

appear to be pressure tanks and have numbers and letters on them in the Russien alphas.

fice experts ‘say the spheres bet. They are undamaged ex-

. With all the crenpsilty of 2 easwenvered:lnid- scape, the syinit of Chaistmas comes to bless" and bxighicn every heart and home. It is car wise that you may enjoy thrice fold this Yale al de wendacfel things that go nto ieeking the

os Christmas season such a special time: the joyful hours,

" And may we, too, continue in your friendship, serving the needs of you and your family, always im a better way. We know how much it means to have the trust and good will of folks like you, and we are truly grateful. = ‘

SUMMERSIDE .

Councillors

f

to have heen caused by re-entry. (AP

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H. B. Schurman, Frances Perry, frie Johnston, M. G. 3 Laundry George Key . .Mellish, Grant Motlison and J. Erest Morrison. ; | Water Street East Summerside Spring St. Summerside Y < ie : : = 7° : “ ‘ ’ ¢ é