ae {TL UTA a_i | SR | | § SW — Despite a sea- . “t€ase in employment, Mien every 20 Canadian My i still unemployed bern uly, according to the Ni Ment’sy own figures Mvariably understate tent of unemployment. A Ni humber of employed Fe on July 19, as given 59 Ureau of statistics, eX) ull unemployed | ment figure. The number of unemployed was 286,000, an increase of 123,000 over. the 1957 jobless figure. In percentages, 4.6 of the working force was unemploy- ed in July as: compared to 2:7 a year earlier. The greater part of the de- crease in unemployment in — e e @ Whe in 20 workers| Furope fears economic crisis -may grow worse in coming months “There’s a growing nervousness in Europe about business conditions,” according to U.S. News and World Report, which reports in a recent issue: “Prevailing thought is that things. . . can get worse later this year or in 1959. Recession may finally be leaping the Atlantic. Many Europeans are sceptical of a fast rate of U.S. recovery from the recession.” The magazine notes: ‘“Reces- sion talk among Europeans is based largely on fears of fur- ther shrinkage in their exports and a continued decline in production for home use. e' “The British chancellor of the exchequer, Derick Heath- coat-Amery, said... that the possibility of a recession in Europe is a ‘real one.’ He re- ported falling off in demand ” for steel, coal, textiles ... ; A Great Name in Western Brewing 34000, a decline of tho ftom the 1957 employ- June and July was attributed io seasonal farm work. It gives the views of some key figures in Europe: e@ “Rene Sergent, secretary- Comes to British Columbia For two-thirds of a cen- tury the quality products of the Calgary Brewing & Malting Company Limited have been among the most popular symbols of West- J q i . ern hospitality. And during this same period Our Company has been privileged to contri- tein many other ways to the life and Prosperity of Western Canada. : We are proud, therefore, to announce that two well-known British Columbia firms — the Caribou Brewing Company and Princeton Brewing Company together with Some seven hundred British Columbia share- holders — have now amalgamated under our control. This amalgamation means that Caribou and CALGARY BRE WING Princeton beers will henceforth be guaran- teed by the entire brewing resources and experience of Calgary Brewing. The reputation enjoyed by our products is based upon two-thirds of a century of brew- ing experience and upon an exacting system of quality control carried out in the most advanced testing laboratories operated by any Canadian brewery. The benefits resulting from this meticulous . standard of production are now available to purchasers of “High Life”, “Cariboo”, “Royal Export” and “Old Dublin Ale” throughout British Columbia. Today, the common interests of British Columbia and Alberta are rapidly multiply- ing. The personal and business bonds between our two great Provinces grow steadily stronger. As a major Western industry, the Calgary Brewing & Malting Company Ltd. will strive to play its own full part in this consolidation of the Western Canadian economy. In par- ticular, through our purchases and payrolls, ’ we now look forward to making a worth- while contribution to the prosperity and progress of British Columbia. Good neighborliness and hospitality are the characteristics of Western living. It is in this spirit that we introduce to British Columbia our well-known trademark and all that it signifies. & MALTING CO. LTD. and its British Columbia associate : CARIBOU BREWING COMPANY LTD. Breweries — Prince George and Princeton This advertisement is not published or displayed by the Liquor Control Board or b y the Government of British Columbia. general of the Organization for European Economic Coopera- tion, predicts in the magazine Western World a moderate fall in private investment. A fur- ther slackening of business activity in Europe is possible, he thinks, even if business picks up in the U.S.” e “Roy Harrod, well-known British economist, writes- in London’s Financial Times: ‘A world recession is on... but there are no factors yet visible to make for a major revival, and past experience suggests a further deepening which would be a disaster for the free world. The Americans are likely to do their utmost to pull themselves up. But what they can do is not Jikely to suffice to pull the world up...” U.S. News and World Report voices concern over the fact that Britain is striving to strengthen economic ties with- in the Commonwealth and to cut down its purchases in dollar areas. In particular the magazine ‘is uneasy over any shift in Canadian trade from the U.S. to the Commonwealth. Oil workers demand share CARACAS—The first nation- al convention of Venezuela’s 35,000 oil workers concluded its’ week-long sessions last week with adoption of a resolution demanding a big- ger share of oil profits, re- vision of present oil conces- sions and suspension of fur- ther concession grants. The resolution demanded that Venezuela should have a 75 percent share in the coun ry’s enormous petroleum income and_ that concession rights granted under the dic- tatorial Jiminez regime should come under official scrutiny for revision. It also demanded a policy of suspending fur- ther grants to private oil com- panies, The resolution proposed es- ‘ablishment of a national oil company and assembly of a rational oil fleet, recommend- ing that Venezuelan oil should be carricd by Venezuelan ships REPT WHYTE 9N HOLIDAYS August 22, 1958 —PACIFIC TRIBUNE—PAGE 3