The Ottawa Journal from Ottawa,  on August 15, 1964 · Page 9
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The Ottawa Journal from Ottawa, · Page 9

Ottawa, Canada
Issue Date:
Saturday, August 15, 1964
Page 9
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Page 9 article text (OCR)

y BATUBDAY. AUGUST 13. 1884 lit I I " ' Br R. U MAHAffT Summer 'Excursion' " -- IN PREPARING an address on Um flnsncial pages of ' newspaper for the "KcMpaper In the Classroom" workshop t Carletoa University we wart obliged to Uka . doaa look at soma of the pitfalls which ansnara financial columnist This Summer "excursion' Into semantics left one bit of ground unexplored. Just how are teachers going to cor-relate material carried in the financial pages of daily newspaper with tba teaching of regular school subjects? 1 Certainly, there is aeed of the newspaper reader under-tUadusj the mala Issues and problems of public economic I.-. poOcyt end the school would seem to be the place to give- ' aha (be tools of logical analysis to sift tat from epinloa, and to detect faiUeies ia economic reasoning m the public sh 1 In this column, over a period of many months we have dealt with the case of an engineer who successfully , contested a lawsuit involving giving away trade secrets; ; profiles, to give en insight into financial occupations, bare been published on Ottawa investment dealers, trade asso-elation executives, government economists, and commercial ' counsellors of foreign embassies. ' , Thompson Mine ." 'Columns have featured the opening of International " Nickel's Thompson mine m Northern Manitoba: the research program of Da Pont of Canada Limited on polyethylene at ' Kingston: tba work of the International Paper Company's Industrial Cellulose Research Laboratories at Hawkesbury, ' and the Great Canadian Oil Sands Athabasca tar sands I project v '".', ' .- U Some of these pieces bad broad, educational objective In mind. The tar sands story is a good example. An attempt, was made hers to clarify thinking en the general ' subject of oil sands exploration by trying to define Just what the Great Canadian project is, when commercial pro-auction will begin, where this crude oil will go, and what the status of other projects Is. ' . ; ; ' ? ' V any general priadple can be stated to cover this kind of interpretative reporting K Is that the reader should be aided la his understanding of a fact er Idea by not ,' only presenting It as It Is but also hi reuuloa to other knowledge previous news est the sems geaeral subject ' . Ibe financial writer must also try to avoid falling , Into each traps as wishful thinking and personifying the ': problem by identifying it with a class, group or party, ' and at the same time should rid himself of preconceived notions. The writer should also attempt to be objective or at the very least impartial. - . 7V C. P. Scott's View . . ., T ; " C P. Scott, great editor of the Manchester Guardian, once said there are eases in which nothing hi so mlslead-l tog as a bald fact But ha also argued that bnpartiality should bs pieesrved in attempting to Interpret such facts. . Impartiality. Scott said, did not mean indifference. "Indif- . ference Is an atrophy of the sympathies; impartiality is a tMtow eaf fli flsiad.- '!';,;r--1., v';.Ai'r; t'v When dealing with questions of pubUc policy such as suspected changes' In monetary policy, for example, it is , sometimes necessary to- hazard a guess, an opinion, as to what tba preeent course appears to be. It is important, then, to know how opinions or decisions are reached in economic reasoning. ..- i ,.-; v....-...;;-; Bow then dees one arrive at economic decisions? Whether It Is a problem of personal finance, a business problem, or a problem ef public economic policy, altarna-thre policies ar coarse of actios) for achieving a goal must be examtoed. Then a choice mast be made. , First Identify the problem and define the Issues. Un-las a problem has been pinpointed it cannot be solved. Next Identify the objectives. In striving for any goal a multitude of related conditions must also be met There 'J. may well be con flirts in objectives; these must be identified. riv - v ' v Weigh Alternatives v '. , 7 Third, poet and analyze the aJtamaHv course of action., .Consider the probable consequences of each. v ' Fourth, appraise the alternatives and decide how welt each alternative fulfills the objective and requirements hi J; mind. . . ... This kind of economic reasoning' should be taught in the schools. At Just what level It could be readily grasped is another question. Certainly, secondary school pupils should . have some knowledge of public economic questions and should be able to discuss them intelligently. Too much formal logic, however, might to too strong for them to fc"4ak.. ' As to the relation to other school subjects financial uf , news and background columns, an obvious correlation might i' c be made with geography. There also may be good grounds ' T j t or " more correlaUoo with financial pages and Business ;, ; Practice. The connection with English snd history is not v. so clear. ,-...--',-- ' i . , '" t ; 'New Survey Published (l THE FINANCIAL POST Survey of Industrials, 1964 ' i edition, says J98 Canadian companies in 1863 showed a : 10.5 per cent gain in combined after-tax profit compared with '. 1983.. Nat earnings before depredation,; other write-offs. ' : Interest and taxes were op 7J per cent k 4H f Return on net worth foe the companies studied averaged ,vn per cent ia, 1963, aa improvement on previous years.. .t Combined net worth-Ms by 6.4 per cent, with all 13 major J't corporate groups reporting a gain. ; ;.,. . l - The 391-page survey (with Index) gives detailed re-view on hundreds of Individual Canadian companies, with ! - data on earnings, assets, liabilities and dividend payments, ' Directors, ' officers, capitalization and other corporate :;r Information Is also given. A special tabulation show the . ' price range of listed industrial stocks for the period I993-63. ' Outlook Tavorable ' J. ; ,; THE ECONOMIC OUTLOOK 1 Stm classed as -fsvor able" by The Botton-TrembUy Bank Credit Analyst "Mo-,r , men turn in most economic series continues strong and this Is reflected." the Stock Market and Business Forecast ays, .. i'fln our current banking series in the continuing high degree 1 of liquidity on the one hand and lack of overextension, so k . far, of the loen position in relation to the amount of business r.tbainf done." a -i With' the commercial banks having expanded bank ' credit "at the unusual rata of roughly S per cent per annum for three solid years." the review comments, "we may lit wonder bow In the futur hank credit expansion will be sbis . i .. io continue at arouna we currem race. . t , X '. R notes that a number of fortuitous factors have mad . such expansion possible. Thee Include the secular twitch from demand to time deposit "which has broadened the 1 whole reserve has of the banking system, as weD as the ', ftactusion. la lata 195 and tarty 1860 of vault! cash m the calculatioa of required reserves. Journal Cross-Word . Puzzle , -1 . ACBOS9 1 Kiad 'ei emdtac 41 Saall ? Shm whh a ; pUat. vwees sale, 41 Aoaad swm, IS Track mifc ' 4S Ink Mt. 14 hfaraul 44 Cnewie neepUMSi S 45 Pom Perd. yrmit. '46 Chaer eaceka. It Em Baaeliab . 47 Tree apmt. lTPewc. '49CMlBuaar. 1 At eaeV iafertia. U Chias matt. Float. SI Baft Fr. 21 Refaam erlUUe. S3 Susw bits. 22 Take feed. S4 ke eld ewe, 3S Visatdi SSs, 24 Uwsk. IS Fiscal aadIaa ef Swmerbad. 27 Oil Uip. U&euia 2 Otrth ' Oaen. M lmf mrMfh SS 8ibbkd ea. S4Naraal. ' tS BcilW Ktodioa. 16 Orieatal ecrrasla. 7 Vaeatioa i , pWiatamt 2 ' Orders Law Applied -To Chinese ; By Tls Canediaa Press DOWN 1 Bie 2 Cssiseanlml (Crawiag in Uah 4 rrrlimaliaee ef 5 EmTU stria, t DememiH ei a wrt o 7 Saiubilicf. t Greek cuilaL Soldiers iJ 10 Iuaey f a ' aerL llBaMft Immlgratioa Minister Trem blay announced Friday that of- fective Sept, 1 Chinese immigrants in Canada Illegally win no longer have the privilege of adjusting their flatus to that of legally-landed immigrants. H told the Commons during debet on his department's 1964-65 spending program that Chines smuggled into Canada from early I960 until early 1962 have had ample time. to put their affairs in order. , '. . . Henceforth from Sent 1, 1964, the RCMP and immi gration officers sre being instructed to apply the taw to Chinese in exactly the same way at to other residents of Canada." This means that after Sept any Chinese found to be in Canada Illegally will be sub ject to deportation. , , ' TURKEY STATES 1 DES MOINES Leadlat turkey states are Iowa, Illinois. Indiana. Mliaourt, Ohio. Mhms-sota and Texas.' PROPERTY OWNERS Guaranty Trust Co. of Canada Offers you a complete and - efficient ' " -'i ' PROPERTY MANAGEMENT SERVICE r- 19 Rank Street Ut-1491 When You Are Looking for M Best ia Investment ADVMORT experienced, Tttrd Come m Writs Joii Craian Ow as vaara" aapertaaea eanraltT aartBf Ottawa aa Ana Innetars IsSSHw ia IS msianas I 20 laeslasatid bbd. 21 Pattaer ef eaiat 24 Balaam ef eases 2 warea., Kftelalms ef tkr ' Warn. SfMaiak 30 Laaaaa'a' imc. U Nakad abend, ItrJaaraoa. S3 Vaddmr,, SS Cn lUfau. 37 laoWi inia- S taea, 40Kitoa 43 Sek-wmpaX Other Uue. 4S Moktsn. 'SO Gaoler. fa 1 I I I - P f I ' I ' I10 I'.1 j . ... . JJ-!B," - 1 . " " a s"TT"" """"""" ' T 'a, ""m"m" ' - ' i .;' V """""" " iT" --" a """""""T"""" 3 " -- " j; T " " -eTTirier r -"T"" "T ' 3" JT" " "" " """""" " 5TsS" " ' "" -r" -sTT"""" sTT""" W " "" " "7" T T" ' sT " " T" Solution of this puxxle wOl be ' publlahea Mohday. REPORT BLAMES MACHINES LONDON (AP-The British medical essociation says ma chinery - is affecting workers with anxiety and boredom. The adatioa Issaed a report Thursday which says anxiety nes primarily frees two sources: Fear that the machines may oe aangereus to ute ant limb, and that they may cause unemployment Boredom,' said the report Is caused by the monotonous nature of macaine- associated Jobs. ' ANSVCI TO PHTrOBS PCM c r a $ snsiciuiDf-sn tsrrl It i H.iglui hmIiIv e h e .11 ii lufe l r.JnL 1 1 7-tJLI i lUE O K ML U ML ultls.iltumffslf ai lUlTisUal ilRlstltf w S uTe 1 THE OTTAWA journal very earliest times, a mark of resoect has been to ktss the or foot of a person. While we cannot trace back the custom of kissing for affec tion to Its begimdngs. It's very likely that mothers have kissing their babies since earliest times as they fondled them. So It may be that kissing as we know It really began with the mother's kiss and caress. By the way, and as you prob ably know, our form of kissing is not the one practiced all ever the world. The Sa moans don't kiss they "sniff." And quite a number of peoples show affection by rubbing noses together such as the Eskimos, the Laplanders, and the Poly- ans. It Is also' a curious thing that the aaciett Xhinese Japanese never, had any custom of kissing at atll Once the eastern of kissing de veloped. K spread quite rapidly. The early Romans used to kiss the mouth or the eye as a fores ef dignified greeting. And during the Middle Ages M England, kissing as a form of greet ing was quite the wing. When a visitor entered a house be kissed the host' the hostess, all their children, and even the tog and cat! . . .:; '. As you might Imagine, K m France , that the custom of kissing reached its height When daacmg became popular there. frtt H M i. tF BUY YOUR SACK-TO-SCHOOL . SUPPLIES AND "CHARCI-IT 3 CREDIT PLANS! CLUB MANAGER 'Vjv&'-v m. . - s; ,..,.: J A city club of considerable cUndinf In Win nipeg requires the services ol a, club man&ger . to be responsible for all phases of the opertv- tlon. ApplkaUont In strict eonflcJence are Invited from men with experience In ft gimuar or: related capacity. Addres ' replle giving full details of experience, personal history, salary required, etc., and .enclosing copy of, recent photograph to - , - ' rTesident, i Manitoba Club, l . ' t . ,14 KraaWhray t : ' , .Winnipeg 1, ; MANITOBA. ANNOUNCEMENT- Effecthre Immediately, GENERAL MUTUAL FUNDS LIMITED, distributor: of AO-Canadlaa DMde4 Fnad ' and AB-Canadlaa Compound Fawd, win be known a . ALL-CANADIAN GROUP DISTRIBUTORS LIMITED -, ,. and will still be located at 4S8 MeeLaroa Street, Ottawa, Ontario. Me ' How Did the Custom of Kissing Begin? Win the is-polam Britannloa junior tncycloptdla for ,cAooi and home, itnd tour quttttoht, nam, agt, address to -T$U Mt Why- cart of Tht Ottatea Journal: In com o duplicate eatsfiofis. th author wOl dtcidi (At winner. Todays winner Is.- Cindy Chtkar, U, Baltimore, Mi. By A. LEOKUM ' Perhaps you've noticed, in a newsreet or on TV. what hap-! when two important Frenchmen were shown greet ing each other. They kissed each ether en both cheeks, Now we usually think of kiss ing as being omy aa expres- of affection, but the of kissing existed long be fore it was used to express af fection,' In the most primitive times kissing was used to indicate respect. In many African tribes the natives kiss the ground over which a chief has walked. In Australia, klssloe. the ground was a form of respectful greeting. And from the almost every dance figure end ed with a kiss! ' DID YOU KNOW? n If anybody ever says you have big feet tell him about a n called Robert Wadjow. He wore the largest shoes ever made size , and each shoe was one foot and nine inches long! Answer to yesterday's Puzzle Box: 3J cents. By cutting each of the three links of one section. 5100,0005500,000 Loan Required for Caribbean Development Established company seek i development loan, fully 'secured, for resort and residential project In stable British bland. Will pay ' good Interest rate plus substantial block of shares as bonus. Directorship available. Company, and project will stand detailed Investigation. Principals arriving week of August 17. For confidential meeting 'writ. to Box E-498, Journal and using these three links to make the three connections, you have three cuts and three weld ings for St cents! i FUN TIME The Riddle Bex 1, What did the window say to the wall? 2. What did -one wall say to the other wall? 1. How many hairs has a rabbit In his tall ANSWERS 1. I have a pain. 1. Meet you at the comer. 3, None. They're aU outside. Wtn tit BrUannUa World Atlat or Yearbook of Mventt. Send your riddltt, joke to: Riddles, ofces. Tell afs Why" Today's arfnner Is: Lis JTirby, NathviOt, Tenn. NEW YORK MERCURY DIPS NEW YORK (AP)-Ths temperature dropped to M degrees Friday, a record low for the date ia New York City. The previous record was U in 1M1. FOR THE BEST USED CAR New Zealand Faces Another Pest Menace AUCKLAND (CP)-Juit when New Zealand had won the upper hand in its fight to control rabbits, another pest introduced by man has appeared as an even greater menace. This is the opossum a different , animal from the North American variety, though somewhat similar in size snd appearance. Its ravages are bringing farmers in aome areas closs to despair. Journal Want quick results. Ads bring HISTORIC OTTAWA PRINT COLLECTION stxt?-rw views ises-isst CxsaMtelr kaat-Mlmret Sy narai Artlrt SalttMe SckMls, Oaaeatln OfrieM, aetata. Caaaeuaa Stasia, S Wtaekee-tor Stteet, Taraata S. TeL StS-SMS, (real. SCIENTIFIC INFORMATION OFFICER This is a senior position. The successful candidate will be responsible for the authoritative dissemination of information from the laboratory to industry and other related duties. The area Includes the Maritime Provinces, Newfoundland and Quebec . ,, ;;' Qualifications:. A post graduate degree In science, many years experience in fisheries Tssearch and thorough familiarity with the Atlan-.-..; tic fishery. . Salary to $13,000 per annum according to qualifications and experience. Refer replies to Competition HX-37. Submit resume, references snd transcripts of academic record to: ' Dr. a R. Idler, Director, Fisheries Research Board of Canada, Technological Research taberatory. P.O. Boot 429, .. Hallfai, Kova Scotia. ,VM : llii 0. LARCE ASSORTMENT AT CREAT NOW ON i DISPUY, AT YOUR VOLKSWAGEN DEALERS. , See them today at illflliixjn U U UV U U U H U U LflyiE'' I " Toil ntin ai ttl atoTsTsl . . ... -..-Mm , k -.',- " " ' ' r' REDUCTIONS AUTHORIZED 2r.!ishz:ISL at th Queenswsy 745-638S 740DsnkSL 233-5673 . 1292 Baseline ltd. 729-6106 485 Tache i Blvd. HULL, r.Q. . 771-0397 EVERY PERFORMANCE WEATHER PROTECTED COVERED STAGE AND GRANDSTAND! w TICKET OFFICE NOW WEM at THE ..- ''.' RED SUELT0H SHOW Friday Eveninj, Aug. 21 and. " " Saturday Aftarnooft and Evening, Aug, 22 , v" ADMISSION -1 Reserved Tickets '.''"', Evenings ia.M SS-04) St.SO .". Sat. Mstiaee SUM Sl.O , '- .... ..'- ' - ' '' ,f Bare at tmsriia1 irialast etswa hi . - i )wir). The eraaiae e Mh watat. f , ' fiMaila abaraftsrs aa TnJ Ike ) rrailnlw sad Ktaas KiUUMto- f k a i at as areata yea eae ef she saaat I . 1 v,irla aswwa an Oeatral Oaawta ., iAJMi 1tsBTJ "aMW sjWmsaaaal "". fr . CAB AWARD EACH EVENING . aa aaaa aM r ekS BxknaaMt. SMkaa nrn aosttiM e was. Ca await ISJS Shaa 1IJS uar imat. H mm ka ea UM a wta. . t . , - - the .'.-.:,':'' AIIDY VILLIAHS SHOW ' WITH THE OSMOND BROTHERS EVENINCS ONLY - AUG. 24 THRU AUC. 29 ADMISSION Reserved TickeU ' V - ffcN-l.H.lM.IJI u Aats WIUiaaM Vrina its OSSJUNU appwtlna Uim mat toWBtot BROOKS tit real kae thrttla M the i the AMANHiS aaaaWaa wMh et the warUTs Obm aiilala mm-beta. The HAL BANDS DANCSUI twrUe ehaasws ef taca wtth thasr alrt atmtoc entaeUaa ansabsra. JOHNNY MATSON emrnrn thb) eMIar sraatataad HATMAN h) mm wHh hha the BROTHKItS. 1 state ere the lltTEaS. IcaM. I I saad eaaaaay ef "5 aiCRARO dsreatev. if. hi : DrrER-cnr farads - Aug. ti Matt Satareav aMfahts et It sat. -tm eat kataar OMa evat. mat atiilaa M Ska sneaes u ttaaaataa as M atMk aaaa. Tka NOOAO Baat wia swwnaka tnm net V NEW MIPWAY! NEW FEATURES! NEW ATTRACTIONS! fWeH Show You More in64 5 t ' V

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