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12 THE OSHAWA TIMES, Tuesdey, May 21, 1963 BUSINESS SPOTLIGHT Speedup Viewed In 1963 Growth Perhaps no part of the speech from the throne has caught)w! more attention than the pass- age that says: . "These are times that test old virtues. They are times that open up new _ opportunities. Familiar ways of thought and ae are becoming less cer- tain guides. Many old paths are ha longer open to us. The task . is to seek out... those new paths that will lead us surely forward." The words could be platitudes but against today's background and the known thinking of lead- members of the govern- ment, they are regarded as sig- nificant. "The ir implementation, pre- sumably, can decide the parti- cular mix of private enterprise and government _ participation that will mark our economic fife for years to come Business, watching closely the government's unfolding pro- gram, does so from what ap- pears to be growing economic) activity--and measures that a government may feel impelled to take can be far different in such a situation than they might be in a position of eco- nomic weakness. Long - range rograms may not be changed ich, but upsetting short-term measures may be avoided. In the current mood of confi- dence -- as indicated in last week's developments and com- ments -- many see a faster growth in the remainder of 1963 than could have been expected even a short time ago. Morgan Reid, general man- $83" planning, Simpson-Sears .» told a New York audience that the Canadian economy now is leading from strength. The First National City Bank of New York, com- menting on the American scene, which has such a strong bearing on what will happen here, says: "Business has moved up fn recent weeks, breaking pty dl from the plateau in uction and trade which stretched from mid - 1962 through the early months of the year. Most observers in business and government have raised their sights on the outlook for 1963." In addition to known private and public investment in Can- ada--expected to be up four or five per cent this year--there are indications of dynamic fac- poy yet to make their force elt. S. C. Scobell, in his invest- ment letter in the May 1 issue of Canadian Business, com- _ Ments on one of these. He says: "Canada is particularly for- tunate in that its chief mining eompanies such as Nor- anda, Falconbridge, Interna- tional Nickel and Consolidated Mining and Smelting, can fi- ance developments to produce ore earnings without having to look for an immediate return on their investment. NET EARNINGS By THE CANADIAN PRESS Bowaters Mersey Paper Co. Ltd., year ended Dec. 31: 1962, $1.369,146; 1961, $1,473,466. UNDERGOES SURGERY GALT (CP)--Gordon Chaplin, Progressive Conservative mem- ber of Parliament for Waterloo South, Friday underwent suc- cessful surgery for stomach ul- cers in the Hamilton General Hospital. He expects to take his seat in the House of Commons about mid-June. Their stay is FREE Children stay free when they occupy the same room as their parents at Hilton hotels or Inns around the world. STAY HILTON go Family Plan IN OSHAWA "TENITH 6-5400 FOR INSTANT RESERVATIONS in all HILTON-STATLER HOTELS HILTON INNS HILTON HOTELS ABROAD AND OTHER LEADING HOTELS "In fact, these companies are engaged in important programs of exploration and development ich could produce exceptional) results. Consequently, if the ad- vance in world commodity prices spreads as it is expected to do, Canada would be in an excellent position to benefit from any change in the statisti- cal position of the world's more important metals and miner- als." UNEMPLOYMENT DOWN In other, developments last week the bureau of statistics reported that the mid - April total of unemployed was 462,000 down 87,000 from March and 23,- 000 lower than in April last ear, India ordered 16 Cariboo air- craft from de Havilland Air- craft, Toronto; Montreal Loco- mtive Works produced the first Manufacturers Said Feeling Inferior LONDON (CP) -- Economics Minister Robert Macaulay of Ontario said Monday that man- ufacturers in his province have a "built-in, carefully nurtured inferiority "complex." Speaking ta a recetPion for Ontario's Shira trade mission to Britain this year, Macaulay said most producers remained dubious about selling abroad even after winning some export orders, The economics minister plans to inspect provincial offices in Milan, Italy, and Duesseldorf, West Germany, and tour Brit-' ish atomic energy stations dur-| xa his two-month v'« e said there is : ssibility, a large Italian ch | com- pany may open a p.. . in On- tario in the near future. The company is looking for a site somewhere in North America and is "interested" in Sarnia or Brockville. The current 13-member mis- sion is the 12th in a series launched last fall. The missions have produced some $25,000,000 of a $16,000,000 order for diesel locomotives for Mexico; Gen- eral Motors Diesel Ltd. at Lon- don, Ont., is adding 150 employ- ees to its present work force of 500 to work on Brazilian orders ; Pacific Petroleums Ltd. in which Phillips Petroleum Ltd. of the United States sa 44- per cent interest, ins to add to its re' asofine business with the opening of several hun- dred service stations in British Columbia. The wholesale price of sugar reached $16 for a 100-pound bag in Montreal Friday, . cont- pared with $9.10 Jan. 1. ACADIAN CLEANERS Odourless Cleaning Shirt Specialists @ Pick-up and Delivery Service © Drive in Service @ Same Day Service Vaults on Premises PHONE 728-5141 299 BLOOR W. iprospets of possibility manufacturing ideas and know- how to British firms under li- cence with capital from Canada. More than 2,000 British distributors and manu- worth of orders in the last six months. Macaulay said one of the best the crusade is the Canadian of selling suPplied facturers were seeking informa- tion along these lines. "But we are not getting enough serious enquiries from Ontario businessmen to match these British enquiries," he said. The picture was _ familiar. "Too many complacent busi- nessmen still not realiizng how competitive Canadian products are or what a/v they have in export markets." Publisher Thomson Confers Degrees ST. JOHN'S, Nfld. (CP)-- Newspaper publish er Roy Thomson, chancellor of Memor- ial University, conferred 209 de- grees during convocation cere- mnies at the university here Saturday. Among them were five honor- Soviet Recalls 300 Operatives Tribune Claims Tribune says. The newspaper, in a Washing- ton dispatch Sunday by James E. Warner, says: "Apparently every Russian attache or civilian intelligence as operatives stationed throughout|spy case, has been summoned the world, the New York Herald| home. "There is little doubt that the colonel, a top man in Soviet in- telligence, was in fact a double|M .jagent, dealing with the West, the charged." WIN RALLY ATHENS, Greece (AP) -- West Germany 8. Fane. he ale and Ral $ clared aot ue Bene HE, were pid Monday of the i1th in tional Acropolis auto rally, themsel Russians employee who had any contact at any time anywhere in the world with Col. Vladimir F.G Penkovsky, executed last week as a traitor in the latest Moscow] NEW YORK (AP)--The So- viet Union, "'shaken up" over Western penetration of its intel- ligence system ,has recalled to Moscow at least 300 of its top ary degrees, two of them con- ferred posthumously on Sir Eric Bwater and W .H. Durrell, in- dustrialists who played an im- portant part in the economic ex- pansion of Néwfoundland during the last 50 years, Both died dur- ing the last year. A renowned research institute has found a unique healing substance with the ability to shrink hemor- rhoids painlessly. It relieves itch- ing and discomfort in minutes and speeds up healing of the injured, inflamed tissues. One hemorrhoidal case history after another reported "'very strik- ing improvement." Pain was promptly and gently relieved... actual reduction or retraction (shrinking) took place. Among these case histories were a variety of hemorrhoidal condi- tions. Relief even occurred in cases of long standing, and most im- portant of all, results were so thorough that this improvement was maintained over a period of Announce New Healing Substance... Shrinks Piles, Checks Itch | Exclusive healing substance proven to shrink many months, This was accomplished with a new healing substance (Bio-Dyne) which quickly helps heal injured cells and stimulates growth of new tissue. Bio-Dyne is offered in oint- ment and suppository form called Preparation H, In addition to actually shrink- ing hemorrhoids, Preparation H lubricates and makes elimination less painful. 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