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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 22, 1963)
Loophole Opened for Canada in ialance-of-l?ayments Tax Reaional Edition Medford Page 2A Tribune MEDFORD, OREGON, MONDAY, JULY 22. 1963 Black Africa Readies Move On Portugal, South Africa United Nations, N. Y. -HJPD- Black Africa readied its dip lomatic power today for a campaign to force Security Council discipline of Portu gal and South Africa. Portugal's policies in its overseas territories and South Africa's practice of racial sep aration - or apartheid - shar ed the agenda of the council session summoned this after noon at the request of 32 Af rican countries, the conti nent's entire UN membership except for South Africa. Portuguese Problem First . The Portuguese problem was scheduled to be dealt with first. But interest cen tered on the South African racial situation, which brought demands for an arms and oil embargo, enforced by a blockade, if necessary, and hints that a formal move might be made for South Af rica's expulsion from the United Nations. South Africa, whose Prime Minister, Henryk F. Vorwo erd, has hinted that his gov ernment might quit the Unit ed Nations, will not be pres ent officially at the council meetings, which are expected to run two weeks to a month. Its delegation will be repre sented only as an observer. But - Portugal, whose pre mier, Antonio De Olivcira Salazar, has said his country could well be the first mem ber to leave the United Na tions, sent Foreign Minister Alberto Franco Nogueira to participate in the debate The Africans, following the mandate of the recent Addis Ababa conference, designated three foreign ministers to pre sent their arguments against Portugal and South Africa. Mongi Slim of Tunisia, a for mer General Assembly presi dent, J. Rudolph Grimes of Liberia and John Karela Smart of Sierra Leone have been in consultation with oth er delegates for more than a week. U. S. Ambassador Adlal E Stevenson cut short a Euro- pcan trip to return for the council session His first step was to discuss the situation at a White House policy session and his second to Impress on Slim, Grimes and Karefa-Smart that the United Slates strongly oppos es a move to expel South Africa. Foreign Briefs HCRTER IN ROME FOR TALKS Rome - OIPIl - U.S. Trade Envoy Christian A. Herter arrived today from Geneva for talks with Italian officials. Herler is on tour of European capitals for President Kennedy. ULBRICHT HEADS EAST GERMAN DELEGATION Berlin - IUPD - An East German delegation headed by Communist party chief Walter Ulbricht today flew to Mos cow for the top-level meeting of the Communist committee for mutual economlo assistance. BULGARIANS ORDERED TO LEAVE IRAQ Blerut, Lebanon - lUCD - Baghdad radio reported today that five Communist Bulgarian diplomats and an employee of ihe East German embassy In Baghdad have been asKea to leave Iraq within 24 hours. The radio report did not give the cause of the expulsion order. COMMUNISTS CHASED BY VIET NAM LOYALISTS Ouan Long, South Viet Nam - IUPII - Loyal troops drove a Communist force out of this rlcefield village Saturday, killing at least SB Reds, wounding about 80, and capturing three men and II weapons. Nineteen government troops were killed and 43 wounded. Senate Deadlock May Be Broken In California Sacramento - IUPII - Demo cratic leaders In the legisla ture were optimistic today that a week - old Senate dead lock over the administration's $84.9 million budget bill would be broken. Only one vote was needed at latest count. But Republican sources In the assembly Indicated GOP leaders of the lower chamber probably will try to tie up the spending program on their side of the legislature. The Senate stalemate came last Tuesday when Sen. Ste phen P. Tcale (D-Wostpolnt) tried to get upper chamber approval of the augmentation to Gov. Edmund G. Brown's $3.14 billion budget for the fiscal year that began July 1. Republicans voted as a sol id 12-vote block against the bill in retaliation for Senate approval of a bill to accel erate collection of bank and corporation taxes. As a re sult, Tcale fell three votes short. But Sen. J. Eugene Mc- Ateer (D-San Francisco), who was present but declined to cast his vole, announced last week that he had decided to join the 24 other Democrats in voting for the bill. Also, Sen. Samuel Geddcs (D-Na-pa), who was absent, will re turn tomorrow. Administrative Assistant Resigns An administrative asislanl to Medford City Manager Rob- ert Duff resigned his office late last week, it was an nounced today. In his letter of resignation Thursday, Harry Baxter, who was hired six weeks ago, told Duff he was forced to quit for personal reasons. s Duff said he will begin Im mediately to interview other applicants for the position. 117 So, Central Phone 773-7301 mm TUESDAY, JULY DISCOUNT COUPON , 10 DUceunl en any ilngU purchase, July 23 Issued to Addfii y ' , ' " ; ; This coupon valid In any Montgomery Ward Retail Store THIS COUPON VALID ON TUESDAY JULY 23 ONLY ft' GUT OUT THIS COUPON nd bring II to Montgomery Ward tomorrow, July 23 (1 day only) and It will entitle you to a 10 discount on any merchandise In the stora or ordered through the . Catalog Department. No Money Down on Any Credit Purchase at Wards NOTE Exemptions Also Made Available To Other Nations Washington - IUPII - The Kennedy administration is opening a loophole in its pro posed balance-of-payments tax on foreign securities to pre vent the tax from crippling Canada's economy. The action came Sunday af ter a week end of secret talks between a U.S. team led by Treasury Secretary Douglas Dillon and top Canadian fi nancial officials who had hur ried to Washington to present their country's case. The United Stales in effect agreed not to apply the pro posed "interest equalization tax" to new issues of Canad ian securities, so long as the flow of U.S. dollars into Can ada docs not exceed Canadian needs. Canada agreed not to use the exemption to try to build up its foreign exchange reserves. Similar exceptions would be available in other "excep tional situations" where coun tries were dangercd by the tax, a joint statement said. However, U.S. officials said no other countries had asked to have the proposed tax lifted. "It Is the hope and expecta tion of both governments that by maintaining close consulta tion it will prove possible in practice to have an unlimited exemption for Canada with out adverse effects on the United Slates," the joint state ment said. Canadian Finance Minister Walter Gordon said in Ottawa he was "very much relieved." President Kennedy asked Congress Thursday to impose a 2.75 to 15 per cent tax on U.S. purchases of foreign slocks and long-term secur ities. The idea was to stem an outflow of U.S. investment dollars by making it more ex pensive for foreign interests to borrow long-term funds in the United States. The reason for the move was the U.S. balance of pay ments deficit, which totaled $2.2 billion last year and has been running at an annual rate of more than $3.2 billion this year. But Canada depends on bor rowing from U.S. investors to finance a major pari of Its In dustrial and municipal de velopment, as well as to keep its own balance of payments In line. Canadian economists feared the Kennedy taxes would cripple the Canadian economy by drying up the tlow of needed U.S. dollars. Storms Batter Several States By United Press International Violent summer storms strafed states around Lake Michigan and along the South Atlantic Seaboard Sunday night and early today. Uo to eight Inches of rain fell In Indiana. Hail one inch in diameter pounded Montello, Wis., strip ping trees of their leaves and threatening maturing crops. The hardest hit was the little town of Packwaukcc, Wis. The winds kicked up 10 foot waves on Lake Michi gan. The temperature dronoed 17 degrees in one hour in Milwaukee. Large hail and heavy rains pelted the greater Chicago area, causing extensive flood ing in the southern suburban areas and uprooting trees and knocking out power on both the north and south sides. Three and a half inches of rain was measured In one place In Chicago. The Ham mond, lnd., airport estimated five to seven Inches of rain fell late Sunday. Bridgeport, Conn., received 2.H1 inches of rain in the 24 hours ending Sunday night. Hail the size of quarters fell north of Palm Beach, Kla., and golf ball-sued hall covered the ground at Mobile. Ala. A heavy squall with high winds estimated at more than 50 miles an hour whipped Kairhope. Ala. MANY ITEMS HAVI ALREADY BEEN REDUCED 10 TO JSS - YOUR 10 DISCOUNT Will APPLY TO ALL SALE-PRICED MERCHANDISE. 4-H NEWS Busy Stitchers, Stirrers The Busy Stitchers and Strrrcrs 411 club had a meet ing at the home of Sara and Sandra Chancier. Kathv Kucharik is attend ing 411 summer camp as a counselor apprentice. We disciused what we did at the Rooster Crow and about the quilt we are mak ing and decided we needed flannel backing and ordered it We filled out our entry blanks and cards for the fair After the meeting we work ed on our dresses or suits. Sharon Ladd, Reporter. Sino-Soviet Talks Collapse; New Stage Set in Cold War Moscow - (UPD - The Soviet Union and Communist China, their ideological talks broken off in failure, today began a new stage of their cold war for control of the world's Communist parties. Premier Nikita S. Khrush chev, seeking to align support for his peaceful coexistence policies, announced plans to visit Hungary. He already has scheduled a trip to Yugoslavia next month and summoned a meeting of the COMECON East Europe's Common Mar ket for this week. Communist China, whose delegates flew home Sunday at the end of 15 days of fruit- Stock Prices Move Fractionally Lower New York - (UPD - Stocks moved fractions lower today. Most rail Issues gave up fractions as the work rules dispute moved toward anoth er climax. Steels were mixed with U.S. Steel and Youngstown off slightly while Bethlehem and Republic firmed. Motors were firm as were chemicals where Du Pont was the only loser, dropping 2 points. Amerada gave up a point in a steady oil section. International Nickel jumped 2 in the metals on news that the U.S. government would not impose its proposed tax on foreign securities in Can ada as long as, the gold flow from the United States re mained favorable. Only about 10 per cent of the blind persons in the U S. were born sightless. Subscribers To report Improper or non delivery of the Mail Tribune in Medford. phone 772-6141; Ash land call at 418 Bridge it., or phone 482-3002; Yreka, phone Victory 2-281)8 before 6:43 p.m. dally and 10:30 a.m. Sunday. If regular delivery arrives shortly after you call please notify office, thus eliminating special messenger service. less talks, today accused the Soviets of "unbridled slanders and villifications," according to New China News Agency reports heard in Tokyo. Mao Makes Rare Visit Chinese party chief Mao Tze-Tung made a rare visit to Peking airport Sunday to wel come the delegation home. The Chinese press attacked the Soviets and repeated Peking's determination to pursue a militant line in seek ing the spread of communism. Today's Soviet newspapers were more restrained. They printed the communique on the end of the talks and ex pressions of support for the Khrushchev thesis that nuc lear war must be avoided in the campaign to convert the world to communism. Communist diplomats in London reported that Moscow has warned Peking that the backbone of their alliance, the 30-year mutual defense treaty, may be scrapped if an excess of zeal lands China in a war. Khrushchev's announce ment, reported by the Tass news agency, did not set a date for the trip to Hungary; one of the most loyal support ers of the Soviet line. But the pattern of the new stage of Sino-Soviet competition was clear to diplomats here. Each of the two Communist giants would seek to line up its allies to continue the dispute. The announcement , that further ideological talks were planned for "some time later" was viewed as of little practical importance. Meet on Wednesday The chiefs of state of Mon golia, a Soviet ally, and every Eastern European Communist nation except Albania will meet here Wednesday in what is formally billed as a Con ference of the Council of Mut ual Economic Assistance or COMECON. China can be expected to hold somilar talks aligning its allies, North Viet Nam, North Korea, and the Communist parties in non-Communist Asian countries. Outside of Albania, Pe king's sphere of influence is limited to Asia. Need vacation money? y y -EEQ Get an HFC Traveloan Wishing won't take you places ... but an HFC Traveloan will! So take that vacation now. Borrow confidently-repay sensibly. Phone or come in. C MONTHLY PAVMINT PIANS r.oi f in u Tn,. fob's snows wmpJ. "". ""h loon fhn,. 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