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BURNS JEWELLERS PRESENTS NEW -»- simply beautiful 32 THE OSHAWA TIMES, Wednesdey, October 20, 1965 pote! fd ~ Hees Backs By KEN SMITH 'Canadian Press Business Editor | MONTEBELLO, Que. (CP)-- | World economists need to put a higher priority on soiving ine major problems of international liquidity and the growth of de- veloping countries, A, K. Stuart, president of the Canadian Ex- port Association, said Monday. He told the association's an- nual conference that discussions on the world's monetary prob- Exporter Stresses Need For New Economic Ideas capacity. is growing steadily, "the world monetary reserves for the financing of this trade have in fact declined, for the first time in many years: HELP CONFIDENCE "Adequate liquidity arrange- ments have helped to sustain world financial confidence. But this confidence is still in dan- ger. of breakdown, particularly if Britain and the United States continue to experience difficul- lems which opened recently in Washington are being conducted \'in the spirit of free, but cau- \tious, investigation." "The question is, can the world afford to wait," he told the 325 delegates. "Countries such as Britain need a back-|trading world is, in fact, just ground of expanding worldibeginning to face up to what trade to put their balance of/may be a serious liquidity prob- payments on a sound basis." jlem." This obviously presented He said that, although the|dangers to the Canadian econ- world's trade and productivejomy, Management Digs Right In Works With Chinese Labo By IAN McCRONE ion in a dozen factories visited SHENYANG (Reuters)--Thejin the north and east of China gospel of "do it yourself" is|during a 4,000-mile trip was that |preached and practised withthe system was paying off. lcalvinistic fervor in the factor-| Several factory managers lies of this industrial centre of|said that by rolling up their northeastern China, isleeves, department heads and Liaoning province is one of technicians get to learn of pro- the centres of disillusion, hav-|duction problems at first-hand-- ing suffered more than otherjand fast. lparts of China from the with-| drawal of Soviet aid in 1960. [out remedies quickly, to the With neighboring cities like|benefit of output. \Anshan, Shenyang (formerly| THERE'S WEAKNESS /Mukden) accounts for a big! Ching Chung-hua, vice-mayor slice of China's heavy industry.|of Shanghai, which prodices The management of factory|some of the most sophisticated after factory emphasizes to the|/manufactured goods in the visitor how the sudden depar-|Orient, says: 'We are still ture of the Soviet technicians--|weak in certain departments. 1,390 quit in a single month--|Some things that we ties with their balance of pay- ments," tae With few exceptions, Mr. Stu- art said, Canada's principal trading partners are having for- eign exchange reserve _prob- lems -- "the whole multilateral beautifully ' simple... | crafted in SILVERPLATE | by 1847 ROGERS BROS. | Set your table tonight with this new concept in contemporary table luxury 4D PIECE SERVICE FOR 8 $ In Grand Occasion GIFT PACKAGE always called "socialist con-|production yet. struction." "But we are determined to | But now administrative direc-|develop them further by rely-| |tors. and engineers, political/ing on our own efforts." cadres and clerks all now take, On the land and in the coun- BURNS JEWELLERS tive labor," alongside the lathe-|ting the raw materials out of operators and steel-pourers. |the soil and making the machin- MANAGEMENT HELPS ery to process them in China. Sometimes shifts are filled,| A top trade 'official told visit- or sick workers replaced, by jing foreign journalists in Peking members of the management,|that China will continue buying taking off their coats and get-'some foreign equipment if the ' 60 pc. service for 12 only This enabled them to work| have} "With demand running high); jolted the progress of what js|started to make are not in massjat present, part in what is termed "produc- tryside, the emphasis is on get-| Own Stand SUE Us ee Ty |@ blockade it would open up a large potential market for Ca- nadian tohacco, ter of trade and commerce should go to GreatBritain and make sure arrangements are pe at 2s yatta oy Oe og Oh Seg ~~ an de for Canadian tobacco|tant economic question." growers to obtain this market if} Mr. Hees, who resigned from it..hecomes available, as op-|John Diefenbaker's cabinet in posed to United States tr somejearly 1963, is seeking Ontario's other tobacco producer. Northumberland riding for the "This was a factual and _re-/Conservatives in the Nov, §fe@> "T suggested that the minis: sponsible answer to an impor-'eral election. On Rhodesia OTTAWA (CP)--George Hees, former Conservative trade and commerce minister, said today) his. comments about possible | henefits to the Canadian. to- bacco industry from a British trade blockade against Rhode- sia were a "factual and respon- sible answer to an important economic question." The slowdown in the growth) Mr. Hees, in a statement tele- rate of the world's e ies t fo Canadian Press' {rom about two or three per cent an-\Campbellford, Ont., was reply- nually "means very serious set- He also said there has been a \discouraging lack of progress in efforts to develop multilateral trading rules and conditions. The- current: Geneva- trade: talks had seen a series of frustrations and little attention had been given to reducing tariff and non-tariff trade barriers of de- veloping countries. ing to Prime Minister Pearson who Monday said the earlier Diamonds. my \\" Vad La Fv PEA OF QUALITY backs for the developing coun- tries who depend heavily on their export earnings and who labor under adverse terms of trade." REPEATS WARNINGS ; : He repeated warnings that a Today's statement said: potential inflationary period) "Last week I was asked to| Canada may be entering could|comment on the purely eco- jnomic consequences of .a Brit- seriously damage the country's)' i competitive position internation-)'Sh trade blockade of Rhodesia land I replied that if Great Brit- ally. | | "Many Canadian firms now|4in decided to carry out such realize the value of striving to) ey y compete on a price-value basis |both at home and abroad, The {attraction is more than the for- eign sales volume, it is also the! |fundmental fact that if a Ca- jnadian product is not competi- itive abroad there is no assur- ance that it will remain com- petitive at home." statement by Mr, Hees was a "strange, shortsighted and irre- | sponsible approach to one of the . {most critical situations" in the' |world. Photographers Boycott Queen | LONDON (Reuters) -- Pho- jtographers staged a down-ca- meras strike when the Queen He asked industry to consider arrived here from Scotland to- \its responsibility to the national] aa¥ , because they were kept 70 economy, since many of the) 4) ere oe goods being bought in an eter ar ee photograph: | the current expansion boom are ,,,, a «4 0 take press pic- limported. ures W hen the Queen and | This had reduced Canada's Prince Philip returned from favorable trade balance Moa holiday at Bal- $2,000,000 at the end of July com-|aral Caste. pared with $363,000,000 a year) ne, oval couple travelled) earlier and there were valid(over™ent in the royal train reasons why capital import yror" Perthshire, where they could not be relied on indefin- ee a oe weekend as litely to protect foreign reserves.|T ord Ki, hi at Queen's cousin, He also said Canadian indus- Boling ken the tries now expanding are facing rel 'fi Pp e photograph a direct challenge. jers well away from the point DEMAND IS HIGH where the Queen left the train, ' : In protest the photographers | From Bassett's Diamond Insured for your Protection » «« aid their cameras on the Excellence Counts We ot BASSETT'S set the standards of our diamonds to the very highest quality. Eoch setting i$ a masterpiece of jewel craft ---- each diamond is a superb ex- omple of the cutter's art, Rings Priced From $75.00 AMAALILMARK. OF. QUAI 1 SIMCOE STREET SOUTH DOWNTOWN OSHAWA there is little evi- dence that the heavy capital |ereun: eae y, spending program is leading to over - capacity of plants and equipment. } "The real test however will come in 1966 and 1967 . . . when! consumer spending together with exports will have to be. at much higher levels to ensure full utilization of the new pro- ductive capacity." The delegates approved reso- lutions calling for maintenance of the value of the Canadian WARD'S VALUE DAY' IBERGLAS DRAPES ting back to the bench. prices are right. But every in- The productive merits of the dication in factory and on farm |program of 'Lau Dong" (man-|was that shopping abroad will|level and deploring the grant in| ual labor) are open to question.|be done only as a last resort injsome provinces of preferential However, the majority opin-!future. treatment to local suppliers. cu DRAPERY SALE CUSTOM TAILORED "Free of All Making Charges" CHART PRICE BELOW INCLUDES 20 Simcoe North Open to 9 p.m, Friday doliar at or near its present | $9995 % Installation in the Home %* Labor * Lining * Weights % Hooks % Complete Decorator Service * Material ¥% Track Supplied * Measuring * Fling Rods Compare at 2.95 to 3.50 per yard 2-49 @ DRAPES MUST BE AT LEAST 80" TO QUALIFY FOR FREE MAKING a a NOW FOR EARLY CHRISTMAS DELIVERY WHILE SELECTION IS AT ITS q READY-TO-HANG FIBERGLAS DRAPES a MEASURE THE AREA YOU WANT TO COVER... 10 DIFFERENT SIZES SELECT YOUR SIZE @ 3._DIFFERENT LENGTHS BIG, BIG VARIETY | wtfoe | wibe | wioe | wibe | wibe of : PATTERNS and SOLIDS | 4' Wall | 6' Wall | 8' Wall |10' Woll| 12' Wall! 14' Wall! 16' Wall! 18' Wall! 20' Woll || 2 Panels 3 Panels 4 Panels '5 Pan Is | 6 Panels : 8 Panels 9 Panels 10 Panels 26.00 38.25 51.00 63.75 AT 2.49 Per yord | Lined, with | trac supplied | AT 2.95 | Per yard | iLined, with trock supplied AT 3.49 1) Per yard |Lined, with | track || supplied | 114.75 127.50 og, fer your 89.25 102.00 conven. ience Thurs. ra acess 45" Long Fri. 'til @ during f e] 29.00 43.50 58.00 72.50 101.50 130.50 this sale 63" 32.00 | 48.00: 64.00 | 80.00 144.50 | 160.00 90" (42.98 95" | pA PAIR j | | i i | SP (T3881 $8 BEST SELECTION . , . AT WARD'S 'TIL 9 P.M... . AND SAVE DON'T MISS THESE VALUE DAYS SPECIALS qm, 10.98, 21.98 32,98 AT | WARD'S DRY GOODS 6.98 10.98 13.98 PAIR PAIR PAIR WE HAVE JUST 100 PAIR AT THESE Long | PAIR | PAIR | PAIR SPECIAL PRICES . . .SO HURRY IN FOR SHOP AT WARD'S FRIDAY NITE PHONE 723-7928 || Simcoe St. South at Athol Phone 725-1151 il When It Comes To Quality and Selection... Come To RELIABLE FURNITURE INTERIORS NINETY-SIX KING STREET EAST Next te the Pines Thentre in DOWNTOWN OSHAWA