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> SMO" 'The casual passer-by at GM car-marshalling yardin Oshawa (at the south GM plant). can't help but be impressed by such sights as the above which shows hundreds of new 1965 models awaiting shipment to , far-away places, These cars are shipped not only to the most distant points in Can- ada, but also across the seas to far-away places, to emphasize once again what an important part GM plays in the world economy. --GM Photo Ottawa Hopes No Il Effect 'AWA (CP)--Officials here 'arethopeful that U.S. govern- ment pressure on American busifess to curtail direct in- vestment abroad won't have any major disruptive effect on ? President Johnson has asked U.S. firms to trim voluntary their investments abroad to stem the outflow of dollars, but Douglas Dillon, secretary of the treasury, indicated no ef- forts would be made to cut back investments in Canada, "Under the circumstances, it does not make much sense to cut down on these capital flows to Canada,"' Mr. Dillon said. There was a special relation- ship between the two countries, he etded, and a cutback in U.S. investment here might stimu- late Canadian needs for U.S. dollars, and they would merely be sought through other chan- nels such as new bonds issues. WILL HAVE SOME EFFECT An officiai in Ottawa said any broad U.S. program to trim foreign investment is bound to have some effect in Canada, but he doubted it would be severe. Foreign direct. investment in Canada--of which U.S. invest- ment makes up about 80 per cent--dropped to $240,000,000 in 1963 from $650,000,000 in 1960. In 1964 the figure likely will be about. $200,000,000. In the 15 years from 1948 to 1962 Canada had a current-ac- count deficit with the U.S. of $15,000,000,000. American capi- tal investment in the same pe- riod was about $7,500,000,000, Full trainjoads such as this leave the south plant of GM'in Oshawa hourly for Western Canada market, The tri-level. car trans- porters carry 1965 models to dealcrs in that part of the country. This is but a small part of the gigantic operation in Oshawa known as General Motors, but it gives a clear picture of the immensity of it all. --GM Photo BOX 206, CORNWALL -- TY WASH £5 6 i % HALL BROS. ~ ONTARIO DISTRIBUTOR PHONE W.E. 3-2259 leaving a neiCanadian deficit, or a U.S. surplus, of almost $8,000,000, This was the reason the U.S. decided to exempt new Cana- dian issues from the 15-per-cent interest equalization tax. HIGH VALUE The Oshawa Industrial Com- mission says that for every $1 of wages paid in the city, value added to the product in its DEPRESSION HURT In 1929 the Debenture debt for' the city of Oshawa was over $6 million. By 1948 the debt had heen reduced to $600,000, but the depression and war caused such a shortage of men and material, the city had a l5-yea backlog of necessary work, manufacturing industries 1s $3.15. The closest city to this {s Hamiltor with $2.99, ' More People Are Depending on... ' ' BRANCH OFFICES: | |) MeANALLY FREIGHT-WAYS MANSION THROUGH = SERVICE' McAnally Freightways now service 236 cities and towns in the Province of Ontario and have sixteen branch offices serving the industrial heart-of Ontario. | ELMIRA ........ MO 4-2217 OWEN SOUND .... FR 6-3727 GALT ..... sesees, 653-6248 PETERBOROUGH ... 742-3816 GUELPH ........,. TA2-1021 PRESTON ......... 653-6248 : HANOVER ............. 860 ST. CATHARINES . . MU 2-5531 q KITCHENER ...... SH 2-3584 NIAGARA FALiS .. MU 2-5531 LINDSAY ......,.5. 324-6103 ST. JACOBS ...... MO 4-2217 { LONDON ...... . GL 5-6230 STRATFORD ....... 271-5930 ij OSHAWA ......... 725-5221 WATERLOO ....... SH 2-3584 OTTAWA ......... 828-8047 WINDSOR ........ CL 4-8780 For Industrial Transport and Service Call es || McANALLY FREIGHT-WAYS Serving the Industrial Heart of Ontario DIVISION OF DOMINION FREIGHTWAYS CO. LTD. OSHAWA, ONTARIO 725-5221 LES EVENISS SALES Equipped For Top SERVICE 15 PRINCE ST. Less Eveniss Sales 15 Prince St. on the ready, to deliver, install and service any time at your convenience. 13 YEARS OF SERVICE TO OSHAWA and AREA é Les Eveniss Sales continues to provide every one of their customers with the products they want and the service they are entitled to. This has been the key to their steadily increasing business over these years. THANK YOU CITIZENS OF OSHAWA & AREA FOR YOUR CONTINUOUS BUSINESS | HEADQUARTERS for: @ FIREPLACE ACCESSORIES @ WROUGHT-IRON RAILINGS system. Priced to fit every budget: AWNINGS. Designed to fit every FACTURED HERE IN OSHAWA. ALUMINUM SIDING of PERMA-STONE, > & VACU-FLO the built-in home cleaning @ KOROSEAL STORM WINDOW UNITS @ ALUMINUM DOORS AND WINDOWS VERTICAL AND HORIZONTAL ALUMINUM e "AIR-LUME" ALUMINUM AWNINGS MANU- Supplied and installed by our skilled staff. EXTERIOR RENOVATING SERVICE including cement work, Stone Work, sales and installation epplicetion. FREE ESTIMATES LES EVENISS SALES 725-4632 SOE IIE RRS PIO I CE AEN a