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a i ie OM pe ation of provincial Social Credit|Nam, inflation, vesource devele associations, bul party elements opment, federal aid to educa. jon the Prairies are cool to Mr. |tion, tx relief, foreign aid, par« Caouette, The two groups split|amentary reform, bilingualism three years ago in a bitter Jan-|and more democracy in party guage dispute, affairs, |Major Meetings Slated For Political Parties 2 iw | "E SAME ISSUES Bg pete gc be hy dort By RONALD LEBEL which held a national conven- The big Liberal and Consery- | > ont AWA. (CP) -- The "grass|tion in Toronto # year ago, has ative conventions are expected peng Peinire Rgy oom 8 Pig jroot" elements of federal poli-\begun plans for a Prairie con-\to grapple with the same cenl+|\paker appear secure in their ove! r J tics will hold the spotlight this\ference on agriculture and ru-\ral issues. Officials of both par-| sitions despite s bling units-praised the direct mort-\tempt of court, fall, with several parties call-\ral development, likely to be'ties define these as follows: Tan re bated tar ng gage loan decision 4 Judge Spaet gave the world ing major conferences, held in Saskatoon in Novem-| Can Canada afford further "-- ce el F At the same | Me, feveral heavyweight boxing champion The Liberal party, which has | ber, txtensions of the welfare ,vour oF five candidates are sugested tre tifting of the $500) ce ao. 45 come up with the!not held a national convention! Le Hallie ment Creditiste,| state? expected to content, the presi for its grass - root supporters|which has a nine-man contin-| --Whal can be done to curd shi yO da be Cone On ; * vide direct mortgage loans to . builders without a pre-sale! re- Cassius Receives | quirement during the period) 30-D -Day Sentenc Aug. 1 to Dec, 41, The announcements received imixed reaction | MIAMI, Fla, (AP)--Cashius Clay was sentenced to 30 days in jail Thursday when he did Business Economy Note Seen Cheerful, Cautious By KEN SMITH Cenadian Press Business Editor The, Bank of Montreats monthly Business Review has some cheering,--athough---cauti- 10 THE OSHAWA TIMES, Tuesday, August 2, 1966 PRAISE LOANS At first builders -- complain: not appear in court or post $50,-| ling for some time about tight|000 alimony bond, but Judge money that they said had lim-\Harold B, Spaet gave him a ited their ability to start new\chance to purge himself of con- and services have been a "par-\erably more grounds for optim- ticularly bright spot" so far ism concerning other major this year; with prospects--re--markets for Canadian products maining favorable. notably in western Kurope and was a sharp gain in Japan bonus would deter many poten- money, ihere ous, words for people concerned with the state of Canada's econ omy. Taking a look at the imme- diaté future of the economy, it says the course of business ap pears to. have shifted to a somewhat more moderate "and. hopefully sustainable"-- rate of advance than it was ex periencing earlier this.year It adds, however, there are signs of "While recent indications of a shift to a more sustainable. pace of business activity are encour aging, the forces of demand and supply remaif in an un easy balance," On the positive side view says output ha impressive gain tinuing tightness in supply It estimates real growth in the first quarter at an annual rate of about 10 per cent and notes that, despite these gains unfilled orders are at record levels still stress the re- managed despite con the labor exports during the first quarter while imports, which were af- fected by a trucking strike in Ontario, rose much more slowly As a result, the deficit on trade in goods and services nar- rowed to a seasonally adjusted annual rate of just under $800,- 600,000 from $1,500,000,000 in the final quarter of 1965 "Most of the improvement oc- vommodity trade which showed a swing fram @ deficit of $144,000,000 in the fourth quarter of 1965 to a sur- plus of $440,000,000 in the first quarter of this year," The review notes exports to the United States in the first five months of this year were 25 per cent higher than in 1965, With continued economic strength in the U.S., the out- look for a continued good ex- port showing to that country is strong, although the austerity program in Britain could ham per trade with that important market, it says curred in "Furthermore, as a result. of the substantial grain contracts signed recently with China and the U.S.S.R, there is an assured market for a large volume of wheat: exports." MANUFACTURING AHEAD Meanwhile the Canadian As sociation of Purchasing Agents reported that. activity in. Can- ada's manufacturing and pro cessing industries turned sharply higher in June, foliow- ing the slower growth rate in May Production and new orders were. strong, employment se mained at a high level and ine ventory accumulation con tinued, but further price in- creases were noted Klsewheré on the business scene, the federal government announced it dropping the $500 - a.- house winter - building bonus. During the. three years the program was in operation 95.464 units valued at $1,400, 000,000 were built But the government will pro- tial buyers from stepping into the house market Residential. building so far this year is below last year's tate official estimating total starts at 140,000 units compared with last year's 160,000 starts, Instead, he said, at least 200, 000 units are needed to meet de- mand--but the tight money sit- uation makes that impossible. Another construction official suggests, however, that a slow- down in. industrial capital expansion is likely, thus freeing capital, materials and labor to help meet the tight housing site uation IT TOLLS NOT FOR THEE RIO DE JANEIRO (AP) -- Father Tomas de la Pizza 3 wondering for whom the bell tolls, since thieves stole it from his chureh in the suburb of Campo Grande Meanwhile, he s using a loudspeaker broad- casting sacred music to call the faithful to prayer al the Chureh of Our Lady of Fatima his Aug. 6 fight with Brian Lon- | jt would have it in 30 days Clay is_in_London training for n, Edward Jocko,-»dawyer who sponsoring group, testified that size, : |Clay didn't have the money but meeting since January, 1964, The New Democratic Party, bility of forming a loose feder-itheir views. on since 1961, expects more than gent in the Commons headed by |2,000 voting delegates at a pol-|Reat Caouette, will hold itsan- ", conference here Oct, 10-12, nual meeting Oct, #10 at Drum- The pace, with a Toronto real @8 (4 ne was acting as a liaison tives will follow Nov, 13-16 with netween Clay and his Louisville 4 convention of about the same American control of the Ca- nadian economy and safe- guard national sovereignty? vertising executive Dalton Camp, Senator--John-- Nichol is --What directions should be|'"@ liberal party president, followed in constitutional de-| Both major parties are looke velopment and French . Eng-\ing for fresh ideas that will afe lish relations? fect voters personally, A major Delegates 'also will be asked topic in this area is ineréeased the war in Viet!protection for consumers, Progressive mondville, Que, About 1,000 del-| egates are expected. The Creditistes are sounding their first national annual|out Social Credit followers of {Robert Thompson on the possi: | Conserva:| RIDEAU eteor It also says exports of goods "There are, however, consid- our Sales Success Special SPECTACULAR AUGUST Sa AS -- ann Si PATTIE Ebi HHH pea a a = yi tii -- pina eel : REPEAT of a SELLOUT WHILE THEY LAST! PREFINISHED PANELS © -- factory grade pile run -- OAK, BIRCH...,.. ELM IF REGULAR STOCK WOULD BE $7.42 & $8,48 PER PANEL bring in your trade-in and each in any quantity 44 per panel ~ each in any quantity PRINTED PREFINISHED PLYWOOD PANELS!! 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