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2A THE OSHAWA TIMES, Saturday, December 11, 1965 'MOTORING By CHRIS DENNETT Automotive Writer Of The Oshawa Times All you Mosport fans can breathe a temporary sigh of relief. The circuit came up for bids last Saturday and, after five offers had been considered, a curt "no sale' an- nouncement was.rung up by the meeting of debenture holders. The meeting was held at the Seaway Towers Hotel in Toronto and over 400 debenture holders turned up to try and thrash out a sale. Four of the five bids received were straight cash -- and none of them came any where near meeting the debt on the circuit. MOSPORT HAS been in receivership since 1962. Total debt on the circuit at that time was $286,000. Beyond that figure, debenture debt on the circuit runs at a further $134,000. Thus, in talking business debenture holders are think- ing in terms of some $420,000. . Unfortunately, none of the four cash bids were any where near good enough. The highest bid came from Power Mix Concrete with an offer of a straight $70,000. Next highest bid came from Toronto soccer promoter J. A. Peters with an offer of $56,000. J. D. Kadlec. offered $51,756. Last of the four bids came from Tri-Maples Ltd. with $55,560. None of the four cash bidders made any sort of offer to the debenture holders. Best of the five bids came from Montreal racing driver and businessman Peter Lerch. The offer came on behalf of the Canadian Track and Traffic Magazine. His offer included the re-issuing of debentures on a dollar for dollar basis to existing debenture holders, paying off outstanding liabilities and fees of some $25,000 to the court appointed receiver, and the pledging of up to $100,000 in working capital. THE OFFER OBVIOUSLY pleased the debenture hold- ers but it was not quite good enough. Thus, all five bids were turned down. Now, I am told, the. whole business will probably start all over again. National Trust, the court appointed receivers, now have to go back to Supreme Court and ask for direction. The court will, in all probability, demand that the track be put up for sale again. The matter may be put off until the end of the 1966 racing season. The big problem for National Trust very soon now will be the signing of a new lease for clubs using the track next. year. This, I was told by the National Trust vice-president Les Colhoun, will be negotiated in late January or early February. Any buyer negotiating a sale during mid-season would have to abide by the terms of the season long lease. This is no real big problem; but it is a consideration. Personally I tend to think that the circuit and the future of motor racing in Ontario, is in no real danger. THERE IS OBVIOUSLY an urgent need to get the matter cleared up quickly. The longer the circuit remains in receivership, the longer the progress of motor racing in this country is hampered. As can be seen from the bidding none of the cash bids fame anywhere near the total debt figure. To me, this is RB good sign. Mosport is only valuable as a racing circuit. No private tompany, I am sure, is going to pay $420,000 for a chunk of land. The same slab of land can be bought elsewhere at a 'ar iower price. Also, it should be remembered, most of the debenture nolders are motor racing enthusiasts, The people who hold them are the people who originally founded the circuit five years ago. They are keen to see the original value of their de- bentures returned and they are also keen on seeing motor racing continue at Mosport. Anyhow, it now remains to sit back and wait for the whole business to start over again. Perhaps next time there will be a sale, LIBRARY NEWS AND REVIEWS Serious, Practical Data Packs Modern Almanac The following reviews were written by Mrs. Honor But- tars, Reference Librarian, McLaughlin Public Library. The Canadian Almanac and Di- rectory. Published yearly. The word almanac or alman- ack may revoke childhood mem- ories of small paper booklets put out by patent™ medicine companies in which the adver- tisement of their wares was lightened by jokes, interpreta- tion of dreams, and the weather forecasts for the following year. The almanac whic hthe lib- rarian cherishes on her refer- ence shelf is another type of publication, although it too has a great deal of miscellaneous information, but' of a mere seri- ous and practical nature. There are a number of al- manacs in our Reference Room -- Whitaker's Almanack (Bri- tish); Information Please Al- manac, Atlas and Yearbook; World Almanac and Book of Facts, both American. The one which we are considering here is the Canadian Almanac and Directory, 1965 edition, which marks the 118th year of publi- cation. The 1912 edition is the earliest in our collection. The Canadian Almanac is not confined to library use but would make an excellent gift for anyone in the business or professional fields. A survey of the contents of this Almanac reveals its useful- ness, and I quote from the book's cover -- "'A revised and carefully indexed directory of Federal and Provincial Govern- ment Officials; Post Offices, and Transportation Directory; Judges; Court Officials; Saluta- tions and forms of address; Bar- risters and Solicitors; Chartered Banks and their Branches; Trust and Loan Companies; Régis- trars in Bankruptcy; -News- papers and Periodicals; Asso- cjations and Societies; Educa- tional Institutions; Diplomatic Representatives and Foreign Consuls in Canada; City Man- agers; Radio and T.V. listings; Insurance Companies; Principal Libraries; Art Galleries and Museums in Canada; Fathers of Confederation; Centennial Com- mittees, etc., etc." Canadian Annual Review Edited by John Saywell. In 1960, after many years' ab- sence, the Canadian Annual Re- view reappeared in print under the editorship of John Saywell, Dean of the Faculty of Arts and Science and Professor of His- tory, York University. The title is self-descriptive. Each yearly volume reviews the events and activities of the pre- ceding year. Every facet of Canadian life -- political, econ- omic and cultural is covered. Health, welfare educational, re- ligious and moral issues and sports events are included, as well as an obituary of notable Canadians. The writers are scholarly and expert in their fields and their style is literate but not too eru- dite for the general reader. This is a reference book which has already proven useful to the student, but is less well known to the general reader. With each succeeding volume, this publication will become more valuable as an historical survey of Canadian life and public af- fairs. Bee ULE cL SHOW TIMES REGENT THEATRE Last times today -- twin tech- nicolor program continous from 2.00 p.m. '"'Seven Slaves Against The World', with the added feature, Edd Byrnes, the Su- premes and the Righteous Bro- thers in 'Beach Ball'. Sunday and Monday (Dec. 12, 13) twin technicolor program -- "Gun- fighters Of Casa Grande" shown at 1.30, 4.40 and 7.50 p.m., plus "Zebra In The Kitchen" at 3.05, 6.15 and 9.30 p.m. Tuesday (only) Dec, 14 -- Maurice Evans and- Judith Anderson in "Mc- Beth" in technicolor, shown at 2.00, 4.15, 6.30 and 8.45 p.m. Starting Wednesday through Sat- urday (Dec. 15-18) two features in technicolor comprising the same cast of Dean Martin and Jerry Lewis in "Living It Up" shown daily at 2.00, 5.10 and 8.20 p.m., plus "Pardners" at 2.35, 6.50 and 10.00 p.m. PLAZA THEATRE "Carry On Cleo" in color with TRACE ULYSSES' STEPS The Search For Ulysses, an 'hour-long CBS - TV color pro- gram showing author Lawrence PLECTROHOME AN ALL-CANADIAN COMPANY HONCODE AOA AT "MOVIES the "Carry On" gang will end to-night (Adult). Showtimes are at 1.35, 3.35, 5.35, 7.30 and 9.35 with the last complete show at 9.10 p.m. Starting Sunday (Dec. 12) Dirk Bogarde will star in "The High Bright Sun" -- a war drama production in technicolor. Showtimes are at 1.35, 3.35, 5.35, 7.30 and 9.35 p.m. Last complete show at 9.10 p.m. MARKS THEATRE Last showings today and to- morrow, Sunday (Dec. 12) 'Die Monster Die" starring Boris Karloff, along with the second feature "Planet Of The Vam- pires" with Harry Sullivan and }¥ Susan Hart -- all color pro- grame. NEW AND RECOMMENDED BOOKS FiCTION Brothers in Arms, by H. Hy Kirst. Dangerous Inheritance, by Dennis Wheatley. The Noonday Sword, by Diana Raymond. The Red and the Green, by Iris Murdoch. Storm Tide, by A. R. Bose worth. NON-FICTION Collecting Bygones, by Chris- topher Scott. Mysterious Senses, by V. B. Droscher. Plant Drugs That Changed the World, by Norman Taylor. The Second Motor Book, Edited by T. R. Nicholson. Twenty-one Years, by R. S. Churchill. 3 NEWS Saturday, December 18th will be a festive occasion for Christ- mas in the Boys' and Girls' De- partment. The Junior-Interme- diate Choir of Brooklin United Church has been invited to sing for us and to lead the children in carol singing, after a show- ing of the film, 'The Littlest Angel'. Come and join in this musical programme and see the Christmas murals done by the Book Club. The World Through One Eye, an exhibition of 28 photographs by Philip Pocock taken in Ot- tawa, London, Istanbul and In- dia, will be on display in the main Reading Room of the lib- rary throughout the month of December. The artist has se lected a field of operation rang- ing from the cool design of pipes or houses to the warmth of chil- dren and people. SLOT RACING All populer mokes and models, ef cors in stock. We elso have ovailable complete racing facilities with very recson- able retes. Poiiard's Hobby 723-9312 Walley | and the SHANDELLS Durrell at home on Corfu, will Wh select Electro- be broadcast Jan. 11. Ca aig Meow poate home you receive the finest in All-Conadian craftsman- ship ! --- Every Electrohome STEREO -- TV -- COLOR SET features carefully hand- wired circuitry and hand- finished cobinets by Deil- croft. Insist on, and enjoy, the best. "PACIFICAN" $439.50 @ YOUR COLOR TV STORE @ PARKWAY TELEVISION FULL YEAR PARTS and SERVICE WARRANTY 918 SIMCOE ST._N. 723-3043 "We Service Whot We Sell ... . Ourselves" OPEN EVERY by dg 'TIL 9 'TIL CHRISTMAS licked 4 P.M.) 4 A GIFT WITH A FUTURE CHRISTMAS SPECTACULAR -- et -- CLUB A-GO-GO DECEMBER 29 BOWMANVILLE 9 TO 12 P.M. Every Student Needs A REMINGTON PORTABLE TYPEWRITER COOK'S OFFICE EQUIPMENT 75 Simcoe N. 728-8300