NASSAU ROMANCERS Federicka Ann 'Bobo' Si- gret, British heiress and for- mej wife of interior decorator G Juarez, poses cheek to chek with her fiance, Thom- as John McClory, fm Nassau, Bahamas, Tuesday, They will be married in a church cere- mony in Nassau today. Miss Sigrest, 23, won a Mexican divorce from Juarez. She is the daughter of the late Fred- BISINESS SPOTLIGHT in Industry Branch Changes Cited | VINNIPEG (CP)--The Mani- tola industry department, fac- ing a report that forecasts a ned for a host of new jobs in tle province, has been reor- nized. A research council and design tranch have been added. The lousing branch and the civil de- fice and information sections Inve been delegated to the pro- vncigl secretary. Gutney Evans, industry min- i#er.and provincial secretary in Fremier Duff Roblin's Progres- sve Conservative government, siys the changes amount to a "fegrouping of factions and erting out into specialized, pactical purposes." The department's main chore wil probably be in implement- ig recommendations of the re- prt of the committee on Mani- tha's economic future, tabled) tis year in the legislature. The committee, which set out t analyze the growth potential othe province's economy, sug- gsted in its report of about 100 pages that much of Mani- tha's industry is inefficient and DIVIDENDS | ly THE CANADIAN PRESS Bathurst Power and Paper Ce, Lid., common 12% cents, class A 62% cents, May 1, rec- ord April 5. Canadian Vickers [td., com- mon 2% cents, April 15, record April 2. Commonwealth International Corp. Ltd., common four cents, April 19, record March 29. Coronation Credit, common aix cents, April 26, record March 29. Holt Renfrew ami Co. Ltd., common 20 cents, May 1, rec- ord April 15. jexample, the report says agri- ltor its traditional export mar- 75,000 new jobs are needed by 1975. FORECASTS INCREASE It forecast Manitoba's popula-; tion will increase to 1,150,000 by} 1975 from 940,000--a growth rate} in pace with predictions for the| rest of the country. There probably will be new personnel in the department but the current spending estimates don't indicate any major in- crease in staff. Spending for the coming year is estimated at $1,500,000, about $117,000 more than last year. The report is the work of 42 Manitobans who accepted the invitation of Premier Roblin to form the committee in Septem- ber, 1961. It says Manitoba's economic growth rate has lagged behind that of the rest of Canada in the last decade be- cause the province has been un- able to make a smooth transit- ion from a predominately agri- cultural to an emerging indus- trial economy. While the traditional activities of agriculture, primary indus- tries, and distribution were still key factors in generating em- ployment, they must be tied in with growth industries. As an culture must not only produce ee erick Sigrest and the present Lady Berkeley Ormorod. Mc- Clory has been an associate of film director John Huston and the late Mike Todd. --(AP Wirephoto) | 1961, $13,178. NET EARNINGS By THE CANADIAN PRESS Burns and Co. Ltd., year ended Dec. 31: 1962, $301,359; seit iiesoc ga ea mealgsa POI oe Pye ms ye ys oe eS ae 7*, ° ys oye THE OSHAWA TIMES, Wednesdey, March 27,1963 2] 1962 Net "OTTAWA (CP)--Canada had a net inflow of $282,000,000 in foreign capital last year from international transactions in stocks and bonds, and most of it resulted from a flurry of for- eign borrowing by Canada in the last quarter of the year. A report by the bureau of sta- tistics showed the annual total was $24,000,000 less than in 1961. But more than seven-eighths of the total--$247,000,000--came into Canada im the final quarter of 1962 in the wake of the early summer foreign exchange cri- sis, with both the federal and provincial governments floating Inflow Of Capital Rises Transactions '1 foreign securi- ties led to a capital outflow of $79,000,000 compared with a $33,000,000 outflow the previous year. There were substantial Canadian purchases of U.S. stocks, totalling $317,000,000. On balance, the United States provided all of the capital in- flow from Canada's. interna- tional securities transactions--a total $455,000,000, compared with $447,000,000 in 1961. Security transactions with the United Kingdom produced a capital outflow of $90,000,000, compared. with. a $101,000,000 outflow in. 1961, _ large bond issues in other coun- tries. For the first time since 1950, the federal government sold bonds abroad, raising, $139,000,-| 000 in foreign capital. Provin-| cial governments borrowed an-| other $111,000,¢% broad in the! three-month period. | In the full year, sales of new issues of Canadian stocks and bonds produced a $708,000,000 inflow of foreign capital, up sharply from $533,000,000 im 1961 and second 'only io the 1957 peak of $798,000,900. This was offset by retire- ments of foreign-held Canadian securities totalling $295,000,000 --only slightly less than in 1961. A further offsetting factor was a net capital outflow of standing Canadian securities-- the first capitai outflow on this score since 1955. There were net purchases by Canadians of $116,000,000 in foreign - held stocks, and net sales to foreign investors of $64,000,000 in out- $52,000,000 from trade in out-|31 Towers Marts Ltd. Asks To Continue TORONTO (CP)--The finan- cially troubled Towers. Marts and Properties Ltd., Canadian discount department store chain has filed a proposal in Ontario Supreme Court which would al- sale of 5,000 shares at $80 a share earlier. : Stock Market Price Change Range Narrow TORONTO (CPY -- Price changes on .te stock market Tuesday moved in a narrow range during moderately heavy rading. Most industrial groups dis- played the general indecision of the market as Huron and Erie Mortgage rose a point to 61 in moderate turnover, Dominion Foundries and Steel and Cana- dian Celanese each gained %, and Guaranty Trust advanced 4. A number of special - sized transactions -- large blocks of Sales sold at a set price--en- tered the picture: during the day's action, two of them in BA oil just before the close. One block. of 7,000 shares sold at $29182 a share and another of 9,000 shares- went at-$30. The stock closed unchanged at 30 and was the session's most ac- tive main list issue. Interprovincial Pipe Line, ris- ing % to 80%, saw a big-block RERGCERS LONER RRR ee KRESGE'S| low the company to continue to operate. Ben Rosenberg, president of the company, has filed a pro- posal under the Bankruptcy Act under -which preferred claims would be paid in full but no payment on ordinaty claims would be made until after Oct. Mr. Rosenberg also proposed that a future creditors' com- mittee of five. be appointed with powers to authorize Clark- son Company as trustee to ap- prove transactions and to ad- vise the company as to its man- standing bonds. agement and operations. If Youre TIRED ALL THE TIME "tired-out"' feeling, and may be backaches. Perhaps noth- 1961, net loss $660,000. Collingwood Terminals Ltd., year ended Dec. 31: 1962, $102,-) 219; 1961, $85,995. Donohue Brothers Ltd., year) ended Dec. 31; 1962, $1,445,630, | $2.41 a share; 1961, $1,165,691,) Labrador Acceptance Corpor-| ation, 5 mos. ended Dec. -31:) 1962, $49,702, 43 cents a share; | 1961, $25,461, 30 cents. Macmillan Bloedel and Pow- ell River Lid., year ended Dec. | 31: 1962, $36,081,809, $1.73 a) share; 1961, $27,395,968, $1.32. | Northern Ontario Natural Gas) Co. Ltd., year ended Dec. 31:) 1962, $1,476,673, 93 cents; 1961,) $1,234,164, 82 cents. Westeel Products Lid., year ended Dec. 31: 1962, $303,239; | Do you needa LOAN UNTIL PAYDAY? $50 FOR 2 WEEKS COSTS ONLY 47: $50 Yo $5000 kets, but it must increasingly provide new types of products) which will be the raw materials} \for growing, processing and| manufacturing industries in the! province. | The report says growth indus-| {tries depené on availability of| jraw materials and energy. ade-| iquate roads and transportation} jsystems, an educated popula- |tion, established financial and exchange organizations, re-| search and development facili- |ties and forward-looking man- lagers and investors. ERIOR St. N. 725-654 Open daily to 5:30 p.m. Saturday to 12:00 noon Wednesday to 8:00 p.m. Other evenings by appointment 17 OFFICES IN ONTARIO sensational value at $11.95. choosing. finer materials or workmanship. NO APPOINTMENT NEEDED 17 Bond Street. East 2nd Floor and facial contour, from our tremendous assortment ef ever 65 styles, end colors. 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