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Mos Pavillion’, USSR Exhibition of Economic

0 .
ap lopmer in assess-

i the Vostok booster, poised as if for flight.
Similar to that which orbited the world’s

Pace
ma ° e
“thes high nm Yuri Gagarin, on April 12, 1961. It is 38

Gnd 10 metres in diameter at the base.

“ern bank's grip

GE

Mes Westbank out

GaP ON

4 of the CARKE ' monton last March said:
beat naa banks “Within the capitalist class
ig Ver t and Bay operating in the west there are
tig’ tight Canadian rivalries and conflicts between
tp peers “hed with | long established eastern finan-
bye B nk we Weekend | cial groups and new western
Ore + * Of Western capitalist groupings. It is in the
lage Oors ever light of these facts that the re-
7 he porta may cent Westbank controversy can
: teint? of Br be in be assessed. The board of direc-
thay tion ank but. ors of Westbank appears to re-
the pity a who | flect medium capital interests in
bry ank in ated to. the west who want capital both
af out my ee to expand and compete for the
Y revival ch pos- western market but also get ‘in’
wu & at this on the resource boom and the
8g Wri profits made out of it. They

do not want to be tied to any

iy ay if Picture P. Paint eastern or American interests in

hye stitution + this their operations which account-

poe the po help ed for the Coyne-Stevens
clash.”

The “Coyne-Stevens clash” to
which. Currie referred, it will be
remembered, revealed to a sur-
prised prairie public that from

terest in Westbank had not
actually been in the hands of
western capitalists.

Instead that control was vest-
ed in a group of Toronto opera-
tors going under the name of
British International Finance,
then headed by one Sinclair
Stevens. It became clear at that
time that this outfit was plan-
ning to sell out a large chunk
of the bank to the United States

financiers. This plot was sturdi-

ly resisted by the then presi-

Yt dent, James Coyne, who will al-

Bors iD ! ways be remembered for his
Sate — struggle with the Diefenbaker
ateni,t® ives Nterlant government at the time he was
Nyt ang BEA ‘ne 30 governor of the Bank of Canada.
% ay ittien oe It was in that battle that Coyne

. hity , § firmly established his creden-

; ann ‘+. tials as a Canadian nationalist

the beginning the controlling in--

*

COMMENT

Canadas shame

HE DELUSION that there is no such
state as the German Democratic Repub-
lic is not merely an aberation in the

minds of Bonn and its NATO allies — al-
though it is certainly that.

The non-recognization of the GDR is part
of the cold war and the drive to ignite the
soil of Europe with a new holocaust. This
policy is the fibre of Bonn revanchist poli-
tics. The Pearson government, like all others
before it, has unreservedly continued this
absurd and dangerous charade.

Thus it is that this Bonn-NATO policy
has forced our government to stoop below
norms of decency and humanitarianism. The
case in point is the tragic accident which
involved a Czchoslovakian airliner on our
territory. Among the survivors of the tra-
gedy were two citizens of the GDR—the
country that doesn’t exist.

With no more justification than this, our
governmenterefused to allow a diplomat from
the GDR to come to Canada to visit with the

citizens of his country, now hospitalized in
Canada.

This, perhaps small incident, throws a
spotlight on this bankrupt and subservient
policy of Canada, which flows from our
connection with NATO and the neo-nazis
in Bonn. But the incident is being hushed up
in the press and news media. Perhaps Mr.
Pearson is not too proud of himself. In any
case the action of the government has
brought shame on our country.

Leave NORAD

HE $5-billion so-called anti-missile de-
fense system announced in Washing-
ton is merely a down payment on the

cost of the full project, which is said to cost
about $40-billion. It is a lot of money to pay
for a defense system, especially when it is
openly stated that it has no defensive value.

This scheme is to be incorporated into the
NORAD system, in which we are “partners”.
And the pressure will be on Canada to be-
come completely enmeshed, unless Canada
géts out of NORAD, and fast.

Another reassuring thought about how
highly we are valued by our American part-
ners—this projected defense system ‘is so
designed, the warheads fired by it will ex-
plode and land in Canada.

and Diefenbaker began to lose
his irretrievably.

With. Stevens unable to carry
through his original designs, the
controlling interest passed into
other eastern hands, particularly
the York-Lambton outfit which
were equally indifferent to the
aims of the prairie capitalists.
These easterners simply decided
that if Westbank could not be
bent to their will it would be
destroyed. First came the oust-
ing of Coyne as president, and
now the decision to wind-up—
a decision which was taken over
the strenuous objections of
western shareholders and des-
pite the firm offers of western
financiers to buy up the York-
Lambton shares. J. L. Bodie, the
spokesman for the Edmonton
group which made such an offer,
put matters rather directly. He
accused _ the York-Lampton
group of “acting like children
who wanted to take their mar-
bles and go home.”

If there is one conclusion that
can be drawn by progressives
from all this it is that the press-
ing needs of the Canadian peo-
ple to mobilize capital to deve-
lop our country will not be met
by the Stevens, the Bodies or
even the Coynes.

‘The only answer lies in the
nationalization of the whole
banking system so that the capl-
tal and credit of the country
can be used to develop Cana-
dian resources, build Canadian,
industry and meet the needs of
the Canadian people.

Soviet technical know-
how and heavy agricultural
equipment will ploy a role
in the development of Prince
Edward Island’s rural econ-
omy.
Premier Alexander Camp-
bell says that a team of
technologists will arrive this
month, and predicts Russian
heavy and development
equipment will be used to
get a fot of new farmland
into production. :
Agricultural economists
have told the government
that a 300 percent increase
in farm output is possible
on the {sland They have
also said that 300,000-400, -
000 acres can be opened up
to new production.

SES

LOOKING
AROUND

GOOD THINKING CHAPS

Great Britain has decided to keep its present nuclear
deterrent of four Polaris submarines but not to buy the next
generation of nuclear weapons. As one Cabinet member put it:
“Our nuclear deterrent in purely military terms has been useless :
for years. But if anyone pressed to modernize it, we probably
would decide to do away with the whole thing.”

—U.S. News and World Report.
a

LIKE MISSISSIPPI

_ The balloting was “reasonably efficient, reasonably free
and reasonably honest,” said Scammon. “| would use exactly
the same words to describe elections in the U.S.”

—Time Magazine, Quoting one of Johnson's
election observers in South Vietnam.

Members voted 93 to 9, (with South Africa, Portugal and
Israel abstaining) to wash their hands of the crisis.

Israel later announced that through an “electronic error”
she had been recorded as abstaining, whereas the intention
was to vote in favor.

The Soviet Union’s representative, among others, found this
explanation difficult to swallow because the vote was taken by

a show of hands.

Arthur Cole in the Toronto Telegram

_. . look how Israel stood alone the world and how it met
its problems; look how Israel solved the question of a divided
Jerusalem—and the thought of Berlin divided today and reunited
: tomorrow is never far from the Germans. “We have our Arabs
in East Berlin,” is a comment often heard
- Toronto Rabbi Plaut, in an article dealing with

West German reaction to the Israeli military victory.

September-29, 1967. PACIFIC TRIBUNE—Poge 3