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AT OPEC CONFERENCE Most members favor 15 boost 0llprlces DORA Qatar CP Most oil cartel favor 15percent in start of next year Irans chief members of the international crease in oil prices from the delegate DrJamshid Amouze Cites figures on interest OTTAWA CP Sinclair Stevens Progressive Con servative finance critic says Chargex credit card users are paying nearly 50percent an nual interest on the value of purchases even if they pay off their balance regularly every month And he told the Commons so cial affairs committee that if the Chargex user lets the bal ance go unpaid for month that interest rate can climb to more than 70 per cent annually because of the 15to twoper cent monthly interest charge In promotion material the major banks that provide the service often say the monthly interest charge on the unpaid balance is the only cost to the user But Mr Stevens said the cost of the credit facilities to the store should be included be cause they are tacked on to the price of the merchandise The retailer pays the bank percentage of the purchase made on Chargex card rang ing from 85 to six per cent the committee was told On $100 purchase the buyer would be getting only $96 worth of goods if the retailer were paying the bank four per cent for the use of the Chargex credit Mr Stevens said that means the buyer pays four per cent for the use of the credit for one month the usual billing period or 48 per cent year Mr Stevens former head of the Western Bank of Canada Budget plan tabled TORONTO CPI Treasurer Darcy McKeough tabled on Wednesday the preliminary plan for the Ontario regional priority budget of $58 million Ioi197778 Mr McKeough said in the legislature the plan is prelimi nary because the federal gov ernment is studying it to see which programs could be cost shared He said the plan gives the highest priority to Northern tario with eastern Ontario next cancer She turned on Ieftyou cold neonatnotots mi turmiiuurur MM DOUBLE FEATURE the heatthen HOT SEX IN BANGKOK 7945 WIDE OPEN MARRIAGE 825 DOUBLE FEATURE Joe 45 Midway at 645 only Swashhuclrlar 910 only paid by Chargex SINCI AIR STEVENS said the buyer who pays cash should be offered discount Otherwise if person pays with cash he is being penal ized Mr Stevens remarks came during the committee appear ance of Alisdair McKichan president of the Retail Council of Canada which represents most of the big chain stores and large number of independent retailers The committee is hearing submissions on the proposed borrowers and depositors pro tection bill designed to regulate consumer credit by forcing lenders to disclose in terest costs standardize methods of interest calculation and to provide police with new mechanisms to crack down on Ioansharking PPUSES IDEA Mr McKichan said he would never recommend to the mern bers of his association that they offer discount for cash If there were no obvious advan tagc to the credit card user they would not use credit cards This might mean reduced sales volumes Among the bills proposals is the establishment of criminal rate of annual interest above which it would be criminal of ES Share the Passions and Pleasures Tammy Smith Kitty Lombard Max Baer Film love story thats joyous funny and so touching you will never forget it aoGRAW IEWNEIINDAS ADATEITIIIAIIIEIT murmurs mrrumumum rd users fence to lend money This is to help police nab loansharks and income tax rebate discounters who charge exhorbitant rates of interest sometimes more than 1000 per cent The criminal rate is not yet known since it is to be set by the bills regulations not yet made public Mr Stevens said in an inter view later that the criminal rate might affect companies such as Chargex if the interest rate were calculated the way he sees it It has been suggested the criminal rate might be set at about 70 per cent gar said today But Saudi Arabia which wan is the price to stay unchanged for six months to help the world economic recovery did not ac cept this position Qatari sour ces said At previous meetings of the Organization of Petroleum Ex porting Countries OPEC the Saudi oil minister Sheik Zaki Yamani often has prefer red to state his countrys posi tion then leave other delegates to discuss it The sources also quoted Qa tars Sheik AbdulAziz bin Kha lifa Thani OPEC president as saying We are talking around figure of 15 per cent PROPOSE INCREASE Earlier in todays session delegates proposed an increase of 10 per cent to be imple mented in two stages with fivepercent rise effective on Jan and further five per cent later in the year FIRST and SECOND MORTGAGES No arranging fees or other hidden charges STERLING ill IIIINTI HeirH IIHJIIIIJTIVTIN IMPERIAL CINEMA Adult Entertainment IMPERIAL CINEMA summit musL CI vn rnie Reed 726649 NW PLAYING THE NEWEST PINKEST PANTHER The suggestion was designed to win Saudi Arabias approval for an increase by enabling Yamani to say that he had kept rise in oil prices to an abso lute minimum Meanwhile reliable sources said oil ministers at the meet ing asked their heads of state to intervene to resolve their dif ferences over price increases The Shah of Iran and King Khaled of Saudi Arabia con versed by telephone overnight in bid to avoid deadlock the sources said Iran OPECs sec ond largest oil producer behind Saudi Arabia favors an imme diate price increase Hannas only new and Iltlt adult niriuliu doom tiluli tinHes intintimalnn oar llilllilllllll fining Sillltllt Illl and over Ill Ilillllt noted no longer leave you IIlIllflli xiii IllIIl when or dil onlde You no loninr need time in Toronnv yeti to Vlde singled tlllll Wliy noI you or now lot on hitlv Stllll tor rll immunity or lirrtnninnin Call pm lJAt ll II HI starring with CULIN BLAKELY LEONARD RUSSITER LESIEYANNE IIIIWN Animation by RICHARD WILLIAMS STUDIO Music by Associate Producer Come To Me Sung by Written by and Produced and Directed by BLAKE EDWARDS Filmed in PANAVISIIIN COLOR by Deluxe IF YOUVE GOT TASTE FOR TERROR TAKE CARRIE TO Production It IIIIIUCARRIE THE SIdIIllll nil Sieimolavby Basctlonthnnovnlhy Why Spend Another Evening Alone Phone now for your FREE Brochure SINGLES SOCIAL CLUB PATS 7373610 pm Mon Fri 705 905 pm THE ALLNEW WORLDS MOST The Barrie Examiner Thursday December 16 1976 Other OPEC representatives said they believed oil prices would be raised despite Saudi Arabias call for sixmonth freeze EXPECT AGREEMENT Sources said they expect the Saudis to agree to an increase of up to 10 per cent in the cur reiit base price of $1151 bar re They said Saudi Arabias pro posal for sixmonth delay was only bargaining position by the conservative Saudi regime which has closer ties to the West and less need for in creased oil revenues than most other OPEC members Some of our more popular ac tivities are dancing with people 2070 yrs young din ner dances nightclub outings Social club dance parties popularity sessions and generally breaking the trend of being alone ADVENTURES OF THE BUMBLING BETEOTIVE Based on the runaway 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