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PRINCETON. NJ. (APl— Prince A. Taylor is an articu late. 57-year-old clergyman who believes that his appointment as bishop of New Jersey‘s 200.000 Methodists represents a "51 (learnt breakthrough" for the de- nomination. ‘ .Bishop Taylor. a Negro. now heads the 95 - per - rent white

on

Methodist congregations in theitaking advantage of the oppor-‘

Itate.

"The very fact that l nave been appointed a bishop," ~id, “indicates that the churcn doesn‘t feel that color is a badge of membership."

As a result of a realignment announced in June. 21 Negro churches will be admitted to the newly created New Jersey Jur- isdiction of the M eth o d i st

‘Bishop Taylor was appointed to head the denomination's more than 600 churches in New Jer- sey. He was the first Negro to be named a Methodist bishop in o predominantly white area.

The reception he has rec-elven born members of the church “overwhelmingly fa- Eorable.’ Bishop Taylor said. ‘43 has received requests to speak before a number of 'oca; Congregations — “more than I can possibly fulfil right now," he said.

', A native of Hennessey. Okla. Bishop Taylor was the resident Oishop of Liberia for eight years

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'1 'me Minister Pearson in t ts a group of veterans of . Princess Pamela's Can- i-e——-»

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. Dpoint Negro Bish0p Over While Diocese

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GOVERNMENT GUARANTEED STUDENT LOANS

Canadian Imperial Bank of Commerce

CANADIAN IMPERIAL BANK OF COMMERCE

before his new appointment. l-lis career has included nine yearst as a pastor of churches in North 1 iCarolina and New York City.

I Bishop Taylor said he believes .his appointment may make it} Ieasier to carry Methodist Intc-. gration a step farther—into the [individual churches. t l “i think Negro Methodists are .

tunities for integration already." I he said. “But lthink my appoiIIt-_ ment will make it more natural i ‘for them. i ' "We would like to see greater l integration of in d iv id u al . ichurches. But much of it will i [depend on the encouragement . ' ,the Negroes are given."

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‘UF Canvassers‘“ iMeel Leaders

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“GNISH - The U“Hadlnatcly. such cases happen all Fund Campaign got off to a. too frequently." said v. Baskov. E006 51311 at TighiSh 0“ ThUFS- 1 writing in the government news- day evening when the chalr-i paper lzvestia. He suggested man 0f the campaign for the more and better sex education l area David Harper and the cap- ‘ and stiffer penalties for sex

ltain Mr_s Harold Cormier met [crimes involving minors.

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.‘pregnancics among unmarried ‘ v i e t schoolgirls. “Unfortu-

PLACES BLAME

MOSCOW «Ari — Moscow's. ideputy prosecutor blames par- jents and teachers for a rise in

.._ _ ix i.

bulldozer is seen clearing land where the foundation is to be laid. as preparations for the project get underway.

CITIZENS 0F Tignish have started preparations for a new outdoor rink for the commun-

l

I ity. The project will eventual- This work is being carried ly be carried out under the out by volunteer workers

1 winter works program. A from the community.

Volunteer Workers

i in the Legion home with 24 0 their canvassers to officially kick-oft the campaign that in-

TV under the direction of the campaign president Brig. w.w. Reid. lunch was served by the Ladies Auxiliary of the Legion and a social hour was enjoyed.

eludes the entire regional high school area. i After watching a program on

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adian Ligh Infantry who were in Ottawa Saturday to mark a Regiment’s 50th anniver-

sary. With the Prime Ministe is M ‘ Gen C B Ware, .

al. . . . Colonel of the Regiment.

See the local branch of the

for full information.

iSlart Rink Project

l TIGNISH The Tignishlmunity from Oct. 5 to 10, the Sports Recreation Associationlmembership falls into three property on Phillip Street has: catagories. Membership one been the scene of great activity? dollar. life membership $50 to during the past week. as the} be paid in two years or honorary first steps of building the new life membership $100 to be paid inclosed indoor rink got under- 1 within three years. Canvassers way. :will be out during membership The long planned for andlweek- Tie long awaited project is nish community is being startedl being watched closely by the by volunteer workers and thel youth of the area. many ardent construction of the building will. sport fans are on hand each commence the first week of No.1 evening to lend their support. vember under the Winter WorRSi . One otthe maJor‘ events dur- prog.ram_ lénnglgnlhh Eeltltenntaltgay col;- 0 r f irectors with, Fa '9“ m “y .was 9 s Jomedhviind a: gresident. the1 "mung f” the rmk “we” .by building committee with Ken- Hp” “.91?” w' we’dge' Prov“ new MGR“ as chairman and‘cial Minister of Welfare and the finance committee with An? Labor‘ bin J. Gallant as chairman have‘ BODY CREMATED been holding regular weekly; ' meetings and making plans for TORQU—M- England ‘Reﬂt' erecting the large structure that‘erSl—The hOdl' 0f ll‘lSh p18)" will be built of wood and steel .wright Sean O’Casel'. W10 died 84 Friday, was cremated , e Tuesday. The service was A membership campaign to‘attended Ohll' by the Play— help get the project underway wright's widow. Mrs. Eileen will be held in the Tignish com- O‘Casey. his son Brcon, and his

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By GORDON GRANT I Canadian Press stalt Writer Finance Minister Gordon's

to allow insurance companies to invest 25 per cent their assets in common has been greeted with tho-bums by the Toronto finan- cial community. One ﬁnancial analyst dis- missed Mr. Gordon's proposals as being of little consequence. “Insurance companies have

15 per cent of assets in com- mon stocks. but they have av- eraged between four and five per cent." he said.

“Insurance company men aren‘t very daring people. In fact, I would call them ultra conservative."

He said this was shown by the fact that insurance compa- nies have taken little advant- age of a clause in the insur- ance act which allows them to invest five per cent of their as- sets in stocks that would not normally qualify as approved investments.

ACT REGULATES

Insurance companies are reg- ulated the Canadian and British Insurance Companies

A WONDERFUL ADVENTURE

Act which specifies the type of

daughter Shivaun. There were securities they may ase. two wre ths of red roses from One of the qualifications is the family.

’ Financial Circles .Unmovod By Insurance Legislation

adividendoliowperccntior

at least seven consecutive

years.

Under the proposed legisla- tion this would be dlanged to companle s which could have paid dividends for seven years. but didn’t.

Insurance companies thus could invest in ﬁrms which have preferred to plow money back into the company for ex- pansion rather than pay divi- e s.

n analyst agreed the n regulations would give insur- ance companies a wider range of investment possibilities but. he said. a change v n policy is unlikely.

in bservers said the idea of the legislation is to encour- age broader Canadian owner- ship of Canadian industry and Mr. Gordon feels that insin- ance companies will become bigger buyers of common stock.

MONEY TIED UP

However. they onid. insur- ance companies will not run out and buy stocks. since they sim-

always been allowed to invest d nd

ply don't have millions of dol- m

lars lying around with nowhere to invest.

One said: “When some of their holdings mature they may ve 'n o common stocks—hut don’t hold your breath." Insurance companies cur-

"! coat of investments in common stocks. but oi this . meagre 1.0 per cent are Cano- dlnn stocks.

“I!” m “I tl total

Rovlow. Begins On Areas Slated For Special Aid

OTTAWA (CP) Industry Minister Drury said re a review now is in progress on which the government will base its list of areas designated as slow-growth areas and eligible

our for special industry expansion

incentives. He told Marcel Lessard (SC—

: Lac~St. Joan) that there an

preliminary indications of suc- cess to the program which may result in some areas previously designated as slow - growth areas being removed from that

c tegotry.

However. it industries tile 1 notice of intention to establish in lib to

do so with reasonable speed. they still will qualify for tho special incentives even it tho remov e deo- ignated-areas list.

Mr Drury said the review of employment statistics in vari- ous parts of country w re- sult in some new areas being designated on slow-groqu for the first time.

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