! ‘ (fete, there was e capita! inflow | would see Newfoundland get! Mr. Smafiweod said before Charlottetown, . March 24, 1966 : ao ee | of $796,000,000, resultiny in a Import, Export | tresh fruit from the Caribbean leaving- on a two-week business |. MONTAGUE |20 The Guardian, Thor. March 24, 1 5 i $363,000,000, improvement in la area in exchange for fish trip Wednesday he will speak is BUG CHANGES COAT , (gold, foreign exchange and Plan Revealed Transportation would ‘be sup- with- the Panamanian president, | Mr. arid Mrs. Joseph Lanni- The dragonfly larva sheds its, }monetary fund balance. © ‘| plied by Golden Eagle O11 Co fruit producers and other offi- | gan,’ Montague, have received Skin a dozen times in the one KELVIN WW ; : s |ADVISED CAUTION : By Smallwood vessels based at nearby Holy- ‘cials in the various countries at | word from their son John in to three years it lives in the 7 | The trade minister said that 8T. JOHN nig = i told the house i Neeet os ET ee gr oe ~ = ~ pd Na unten a ¢ las ‘ ; ‘S. Nfid. ( ao | e premier to e hou 4 amily have taken up residence X ( le 0 ncrease ieee. ae yn tiger peor | mier Smallwood ae <a ithere was available refrigerated | also would investigate the trade |in their new home. Mrs. Lanni- GRAPE CROP LARGE ESS 7 Wa Te portunities to improve it.” Can- legislature Wednesfay plans for )space aboard the vessels. which program with businessmen in| gan was the former Ann Marie Australia has 65,000 acres un- [por must remain competitive 2” import-export program which on 2 at ihe. Golden Bags — New York’ and South, American oeetens of: Sen, FF i. der wine grape vines. tT POT TC i Fee OTTAWA (CP) = Cana apital inflows amounting —to to _with—other—countries—in—eosts,__— eer countries ee ee tee ee yO. over-all deficit with the on or oss cakes pi : liiprove- delivery and service ‘ving arg’ amu am a Frod and wa a ireah (yal The premier’s business trip Orzie Collings, fonry at Dg os to relieve. aE Sri, ese evince! oon Canes, rme, Stach, Sug Ge nll: Ma darn ro th omy Pana, Veneto nic wees es (eee, ee Cn veo ste, | A “was $1,136,000,000. Tt likely ‘will official holdings of gold, sasiat aaah weak, and ce a a danger point is reached.” jand Caribbean points talks in Ottawa this wee! ore | orial Hospital. ne toate the neat go higher this year. exchange, and international | lening of Washington's attitude “The real crisis occurs if, | TERMS SEEM GOOD : ithe premier goes south this‘) Mrs. Albert Ellsworth, tae szetemic | e¢ condi- | n The 195 figure, reported ‘monetary fund balance. ltowards hdtees of US. deb suddenly, for some reason or! The firm's charges for such weekend. He also will travel to | Montague, is a patient in the backache. aden ee ee Le oe eh by the Dominion Bu- 0 1964, when there was & Jars. ‘other, “borrowing sources are jane appeared.acceptable, he the United Kingdom before re- | Kings County Memorial Hos- ACHE: rest “Setter, Dex reau of Statistics, is almost | $433,000,000 current account def-' He asked how long Mt As wise cut off.” ; turning to Newfoundiand. | pital.

three times the current account

deficit for 1964. \

The deficit, covered by move- \ ments of foreign capital into | = ; Canada in short- and long-term |

investment, reached a record ‘ , $1,504,000,000 in 1959 but shrank $433,000,000, Trade Minister Winters said H in a Toronto.speech Monday the deficit is apt to be even greater < this year and that the country : ; ‘ cannot go on piling up such — | deficits. He called for fewer de-

mands on the government to in. | crease spending.

SURPLUS REDUCED ; | The $1,136,000,000 current-ac- count deficit for 1965 stemmed mainly from a_ sharply-reduced surplus in . commodity _ trade. | Canada -had—a—surplus-— of -$700,- 000,000 in its merchandise trade with other countries in 1964 but last year this was cut to $104,- -

000,000 Offsetting this small plus was the normally large outflow: of | payments by Canada to other countries in interest and di- | vidends, foreign aid and sub-| scriptions to international or- | ganizations, freight and rol | }

ping charges, foreign travel ex- penditures, and similar non- merchandise transactions.

These amounted’ to $1,237,000,- |

\ Largest Selection Ever 000, up from. $1,133,000,000. in | ‘ : British Wool Worsted |

he current account deficit of Be at i ; $1,136.000,000 was covered by : Oe A ; Corporation Ag \\\ if. get. Shows Profit , | ‘ MONTREAL (CP) — British | J > ae : a

Newfoundland Corp. Ltd. moved into the black last year, showing a new profit of $740,199 for the year ended Dec. 31, 1965, against a net loss of $208,350 in 1964.

Henry Borden, president and chairman of the company, said | in the annual report that sales rose to $2,454,570 form $921,014 in 1964. He attributed the increase of.salés and profits.

_to the. sale of copper concen- trates from the .Whalesback mine, which began omen during 1965.

Ina letter to shareholders Mr. Borden said that by- the end of’ 1965 ‘‘a large measure of agree- ment had been achieved’’ for the sale and transmission of vower from the Churchill Falls power project in Labrador.

The negotiations were carried on between Churchill Falls (Lab- rador) Corp. Ltd.; 72 per cent owned by British Newfoundland Corp., and the Hydro-Quebee Power Commission. :

~Mr---Borden--- said the... an-_ nounced intention of the federal government to remit to the provinces 95 per cent of the fed-

~ eral income taxes collected from privately-owned power utilities has been an important factor in facilitating negotiations on the matter of prices for Churchill Falls. Power. He did’ not. indicate when he expects negotiations between. the power company subsidiary and. Hydro-Quebee will be completed.

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