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,. You eon bor- m S 50 S 6.71 S10.O5 $18.46
P , , .'(Id U.81 13.41 20.09 3tiPJ
ro on, amount up to m j, , 3
JliOO and arrange 500 ;s.S6 32.97 4t4 PI 66
monfMv povmenll to fit 1000 5o.S9 6-.L'l Pi 64 179.56
your need. 1MB 77.87 I PO :S l IP 57 t'i.;W
HOUSEHO
FINANCE
128 East Main St., 2nd Floor Phone): 773-5301
Hwr Mm. ten TW. 10 It 5 M-Fti. 10 It 1 K U.
ID
This Communist cold war
thus will lead to consolidation
of two rival centers of Com
munist power, one looking to
ward the Kremlin and the
other to Peking for ideolog
ical leadership.
mm
IeT
Ml
m i
r
o
0 L
VfSJMllSMD 18
1 GREEN
lySTAM PS
o
o
PLQQlV
wiggly.
OPEN DAILY 9 A.M. to
1
t&Cs
9 P.M.
Betty Crocker
isauick
Large 40-oz. pkg.
O
O
SWIFTNING
ESTABLISHED 1896
SREEN
LSTAfv
o
o
Shortening 3 49
BONDWARE 80 Count
Paper Plates ,,, 79
Pictsvveet
Lemonade
6-oz.tin each
0"
o
o
YJSfABtlSHED 1896
I GREEN I
lTAMPS
o
o
FOLGER'S GIANT 10-OZ. JAR
Instant Coffee,..,., 79
STARK'S 14 Qh Pkg.
Instant Milk
79'
Smoked Picnics
PORK LIVER Fresh Sliced ,b 29
'I - - s se. e
O
O
I GREEN
lySTAM PS,
o
o
w
DAMAAr US' No' 2 B,U 0x
rOTCITOeS New White
20 Z 89
2 ,b, 29
Bing Cherries Urge, Swoet, Ripe lb. 39
Apricots KJI 2 ,b,29
Tomatoes s.i.d s.i. vme r1p. 25
Peaches 5::
Stewart & King
Prices Effective Mon.. Tues., and
Wed., July 22, 23 and 24.
K
K
7