oRROW'S _TIDES— er 19 1952 | Time) 19.4 feet 22.6 feet 6.0 fee 22 fect we { Wy ja Lays posal bre U.N. gates Cool ads New ment Plan NY Bes. VOL eee » KL, No. 290 ore the} for- | lead K of war} of a} com- charge itarized the gap non- declar- send put off » what e who riated laid f Lop Health | Can pw anc "4 f aaa legates lious recep- waited In- while UN de TAX LINEUP.-C Many, minute anagians pay approximately $1,000,000,000 baffled by the complexities of before the April 30 deadline workers seeking help last spring with ‘ax forms, delay filing a Shown is the Ottawa their 1951 returns Deri NORTHERN AND CENTRAL BRITISH COLUMBIA's NEWSPAPER yy i ! j a year in personal income taxes return until the last possible income tax office, crowded by (CP FROM) B.C. Water Rights, Natural Gas Stakes In ‘International Poker Game’ With U.S. OLIVER Robert Sommers, Sommers told a public meet- British Columbia lands minis-|ing here Monday night that B.c | ter, says Americans won't get is engaged in an international water rights on the province's’ poker game” with the US. with Kootenay River system uniless| water rights and natural gas as they agree to take Peace River | stakes Natural gas The proposal re Taide draft India tl As- nor talives right en Socred's Date vention The B« hold Nov Cague vention ealing and HERMAN | Says entred f the brought foree to} ist this entre is it strong ead Synopsis slow the const id that some g the fain t LO- Forecast With a few tomorrow south- tonight Sandspit ‘3 and 48, may idget is fon of | are se Minister alone | con- is ex wn nex story guess at ‘Y ODONNELL | : ff Writer Ct Minister} cives more) ther cab- F stance, Indiv. zations in all} by , are urging! taxes, With | pre-election | opening Mands will in-| Mu to dy iy iy , ; POSSI b] y ‘i » lament | guesses will not be known until \Mr. Abbott presents his budget minister said that unless H-Bomb Could Destroy World Says Scientist Pacific Tests of ‘Awful Weapon’ Held Successful By the Canadian Prong Seishi Kaya, head of. Tokyo, Uni- seience department, said Monday a 60-ton! hydrogen bomb would destroy the world, | Commenting on the Washing- ton TOK YO.—Dr. versity’s announcement that “experi- ' . . ' Hitch-Hikers ments contributing to hydrogen bomb research” had been con- ducted at Eniwetok, Kaya said Saved in Crash An awful weapon has been invented Of \. §. Plane rhe explosive power of ydrogen bomb can be regard- BILLINGS, Mont. 0 itedied as a miniature sun, since- States Air Force C a. vn ng) solar heat is believed to be de- Boxear crashed and burned in| rived from hydrogen.” sWampy pasture 12 miles east oe ok Widen killing etght Meanwhile, a Washington men and injuring eight others,,; report says that the guarded one critically announcement by the Atomic Energy Commission is taken Two of those who escaped were) in scientific circles as a defi- young RAF pilot officers who! nite admission the United had hitched a ride -Dudiey Mills! ceates has perfected the hy- and John Downs. Their injuries drogen bomb. were not regarded as scrious The Britons boarded the plane Although the announcement at Edmonton for the flight and| Said only that the Eniwetok were able to walk away from the | tests included “experiments crash contributing to thermonuclear weapons research,” the opinion is that a “baby” hydrogen bomb CPA A hi has been tested successfully Pp 1€s This apparently is a weapon large enough and deadly For Franchise Lares tar tht wpued aneen now has in its arsenal a OTTAWA Canadian Pacific) weapon of inealeulable de- Air Lines Ltd, has applied to the! structive power. Air Transport Board for per mission to run a commercial all Seme eyewitness reports} service for transport of goods from Toronto. and Montreal to Vancouver, the board said toda) said the explosion island out of the Pacific Ocean ‘rease until the 1063-54 budge e begins serious, shirt-sleeved | is presented next spring—prob-| work on taxation policies for the ably in late March or early April.) coming year At this early date, political ob In the 1952-53 budget, intro- servers can do no more than| duced April 10 last, Mr. Abbott guess al the possible contents juggled personal income’ tax of the budget, always a top-|rates. The rales were reduced | secret government document from those in 1951-52, but with Some say there will be slight two-per-cent social security reductions in personal income,| levy on incomes going Into ef- corporation and excise taxes, fect July 1, the taxpayer found with the over-all cuts totalling| he actually paid more income tax $200,000,000 to $300,000,000 | than in the previous year, The total, jarge by itsell, is Corporation taxes, already less than 10 per cent of the | amounting to more than 50 per government's annual budget of | cent, were left largely un- more than $4,000,000,000, Ap- changed, Taxes were reduced proximately half of the bud- | on a variety of consumer goods. get is spent on defence. All tax reductions totalled The accuracy of the budget) $126,000,000 for the. year. Mr. Abbott has been saying in recent speeches it will be pos- It will be several months before’ sible to reduce taxes if produc- reaching the United States have | blasted the! Americans are willing to take Peace River natural gas, and thus enable construction of a pipeline through B.C., they will not get permission to store water on B.C.’s Kootenay River system to help alleviate the Pa- cific Northwest's electric power shortage Mr. Sommers also said that the provincial government hopes to increase revenue from timber royalties by $3,000,000 to $4,000,- 000 a year He said the government is considering legislation requiring, all owners of private timber lands to reforest after the crop has been cut. Sommers said thought B.C more than the mahy current $17,000,- 000-a-year lumber ro ae ee 6 Held in $ Million Drug Raid NEW YORK @-—Six persons are held narcotics charges today after dawn-to-dusk raids in east Harlem which federal agents and city detectives said led to seizure of $1,500,000 worth of narcotics Raiding officers said the rac- Ket here has branched to Chi- cago, Cleveland, Detroit and Cincinnati. No details of -out- town connections were given by authorities The $1,500,000 worth of herion valued at the underworld retail price—was in addition to $300,- 000 worth seized previously in the course of a three-month in- rege officers said. Saves Tobicte BOGNOR REGIS, England CP) J. B. Salmon, 70, is saving to- bacco for his old age. He says “I run a car on the money I save in growing my own tobacco, and if when I reach 80 I no longer hav< the energy to tend my own gar den I shall have saved up enough on i tobacco to last me.” BODY'S URGING ABBOTT TO REDUCE TAXES get Guessing Popular Pastime—Finance Minister Wary tion increases. He has said that increased production can “confidently” be expected. He has declined to elaborate on his statements. Those offering advice to Mr. Abbott have not been so reserv- ed, The Canadian Tax Founda- tion, a research and educa- tional enterprise sponsored jointly by the Canadian Bar Association and the Canadian Institute of Chartered Ac- eountants, said in a brief that taxes could be reduced by $300,000,000 without heavy re- ductions in expenditures, The brief was presented to the foundation’s annual meeting. There was some speculation that the brief was prepared by Har- people should be getting | 000 a year from B.C.’s $500,000,- | Fisherman Loses All As Trawler Three News Published at Canada’s Most Strategic Pacific Port—"Prince Rupert, the Key to the Great Northwest” PRINCE RUPERT, B.C., TUESDAY, NOVEMBER 18, 1952 PRICE FIVE CENTS 4... Three Saved Founders fishermen were saved from possible drowning in the gale-swept waters of midHecate| Straits yesterday when their 52-foot fishing vessel | sank beneath them. A dramatic rescue effort by a/ neighboring fish boat saved! Capt. Oliv Adams and two of his crew members, Vic Adams, a brother, and Ray Wilkins Their fishing boat, the Sandra Carol, sank but was towed to within four miles of the shore of Hudson Bay voint Rescuers were the Burnaby M of Skidegate and the B.C. Pro- ducer of Prince Rupert In an interview today, Capt Adams whose home is on Second Overlook, Prince Rupert, said he er had no idea why the trawler began to sink “We were just preparing to make a set when I noticed water coming into the after hold “Then she began taking water fast call to the Burnaby M with whom we had left Masset a few hours earlier “We baled water out of the hold with buckets and every- thing we could lay our hands on. The pumps were plugged with floating fish. “We teft everything aboard jwhen we got onto the Burnaby | M which arrived just in time Saptain of the Burnaby M_ is i John Ryles | The BC. Producer with. skip- jper Fred Kohse heard the dis- | tress discussion on the radio and | hurried | DRAMATIC RESCUE to the scene In a dramatic rescue effort which was markedé by and heartbreak, two fishing ves- isels fought vainly for six hours ‘to tow to shore the sinking craft. The Burnaby M managed to/ get a line on the luckless boat) about 9 a.m aboard the crew seas, however In the rising} the line parted just as the B.C. Producer arrived on the scene from about six miles away to give help CABLES SNAPPED By stretching a steel cable be- tween them the two rescuing ships jooped It around the hu of the third craft which was then on its side and nearly sub- merged Securing the loop on its trawl line, the B.C. Producer proceeded to take the ship in tow but the fastening parted as the wind lashed the water into towering waves. After more hazardous man- oeuvering, the Burnaby M then succeeded in getting trawl line attached to the steel cable. By this time, however, the Mas- set vessel was almost completely under and its dead weight for a third time snapped the line. This was the last possible try its for the weary rescuers and help- lessly they watched the boat dis- | appear in into more than 50 fath-| | vey Perry, former assistant dep- uty minister of finance, who left the civil service after the last budget and accepted a post with the foundation. The tax foundation's brief estimated the cost of various forms of tax reductions: a 10 per cent cut in personal income taxes would réduce government revenue by about $130,000,000; a one-per-cent cut in corpora- ion taxes by $28,000,000; a one- per-cent reduction in the 10- per-cent sales tax by $70,000,000; a reduction of one-per-cent a pack in the cigaret tax by $11,- 000,000; a reduction to 10 from 15 per cent in special excise taxes by $45,000,000. Members of the Progressive Conservative, CCF and Social (Continued on Page 4) o-- and I sent out a distress,Davidson Girl. Gale Winds success | | with after it had taken | |noon cut off lights heré and at , the north coast, striking hardest | enant-Governor of Saskatche- oms of water. A buoy marker was fixed at the spot before the ships headed late in the afternoon for Vancouver. A third boat which sped to the scene, the Cape Perry skip- pered by Henry Helin, was too late to give assistance. Capt. Adams said he will try to salvage the boat, “which would cost me more than $45,000 to replace today. “I was just getting really at- tached to her. It’s quite a loss.” Capt. Adams built the boat himself at Masset in 1949. The Queen Charlotte village is well- known for its boat builders who have launched such coast-wise queens-of-fleet as the Haida) Warrior, Haida Girl, and thé| Capt. Adams has been fishing several years for Atlin Fisheries Ltd. of Prince Rupert. PROVINCIAL LIBRA! RMES, DRUGS: DAILY DELIVERY Phone 81 As Fish Boat ™ Sinks In Gale-Lashed Sea MR. TAXES—Finance Minister Strike City At 70 MPH - gusts ranging up to 70. miles an hour, lashed the city jlast night and early teday oe ino serious damage | ported. A power failure shortdy before | ys nearby Port Edward far a few minutes but Northern B.C. Pow- er Company officials said it did not cause any anxiety. While the company did not know the source of the trouble, officials said it probably was up the line and there was no serious break. Slight damage was caused to the roof of the ice dock at the Fairview plant of the Prince Rupert Fishermen's Co-op but no boats there or at any other point along the harbor reported trouble. Plane . service was at a standstill today and no flights came in from the south or left for outside points. The storm is general all along here, near Ketchikan, Juneau; and Annette Island. | COMMISSIONER—Overton A. Matthews, 60, of Kingston, Ont., a financial adviser in the defence production depart- ment, has been appointed a member of the Board of Trans- port Commissioners, effective Jan, 1. He succeeds Hon. W. J. Patterson, who became Lieut- wan, and will be a specialist in accounting for the board. personal income tax rates. levy on incomes, effective r higher thés yoar than lat. Abbott soon will be taking off his coat, rolling up his*sleeves and getting to work on the 1953- | 54 budget. Forecasts of a federal election in the fafi of 1953 have | led to speculation that the budget will contain good news for | taxpayers generally. In the 1952-53 budget Mr. Abbott reduced | ter a two per cent social security mae 1, actually brought taxes ee _ {oP ein PX Phone Wiring Contract May Go to City Firm City council last night unanimously endorsed a /recommendation that Grant & Newton, electrical outside plant of the new forwarded to the head office of Automatic Electric (Canada) Limited at Toronto. The local firm, which com- pleted the major job of wiring at the $30,000,000 Columbia Cel- lulose Company mill on Watson Island and currently is complet- ing another large contract at the plant, tendered the lowest of three bids for the telephone) system work. Vie Grant and Tommy New- ton met yesterday with a com- mittee appointed by council, and George Knowles, sales en- gineer for Automatic Electric— which was awarded the overall contract—following disclosure of tenders at a_ special council meeting last Saturday. Other bids were received of $170,000 by C. H. Williams & Company, and $173,108 by Peter- son Electric Construction Com- pany, both of Vancouver. At the meeting yesterday morning, Grant & Newton as- sured aldermen that they could | do the job even though there is} a big discrepancy in bids. It was explained at the coun- | cil meeting last night that the) contractors are responsible to) Automatic Electric, which will send a man here to supervise the work. Outside plant work consists of | erecting poles throughout the! city and stringing cable. Splic- ing of the giant cables is one of the major jobs. All material will be supplied by Automatic Electric. Construction of a new tele- phone system to replace the present obsolete exchange was authorized last Sept. 11 when ratepayers endorsed a bylaw calling for expenditure of $675,- 000. Under the bylaw the city will purchase the old government liquor store for $32,500, spend $10,000 for alterations. Auto- matie Blectrie will instal vari- ous instruments, switchboards and equipment at a cost of (CP Photo) change at a tender of $92, The recommendation will be? ‘contractors here, be granted the contract for the automatic telephone ex- 930. Higher Sales Costs Cut Alcan Profit Special to The Dally News MONTREAL — Despite higher reventtes; the net profit of the Aluminum Company of Canada and subsidiaries for the ‘nine months ending Sept. 30 this year was almost $8,000,6000 down from that of the equivalent period last. year, it is reported in a state- ment by company headquarters here. Profit after taxes in 1952 was $15,607 789, compared to $23,- 424,730 im 1951. Gross profit over the same comparative periods was $176,- 497,914 im 1952, and $150,149,488 in 1951. A major cause-of the drop in | net Income was increased cost of sales, including operating expen- ses. In the 1952 period this lamounted to $103,761,043, com~- | pared to $80,645,380 !ast year. Another important factor was a substantial increase in capital cost ajlowances other than nor- mal allowances on facilities in operation. “Other capital cost allowances of $15,661,515 provided in the first nine months of 1952 had the effect. of reducing profit for the period by $8,327,733, whereas the provision of $3,463,809 in the like period of 1951 had the effect of reducing the profit in that by $1,884,312,” the statement ex- plains. “The aggregate allowances for the first nine months of 1952 include a total provision by the company of $21,477,928, being 234 cents per pound of alumin- um sales during the first six months and 34 cents per pre of aluminum sales during the about $400,000. ensuing three months.” pi wt