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TEE HARM EXAMINER MONDAY Plummet 1H Brake Off Lending To Keep Tight Rein By HAROLD TILLEY Canndian Press Correspondent MELBOURNE tCP In little more than year Australia has sampled an inflationary boom gentle casing and now com plete thaw at the freeze But an official announccment all brakes are all bank lend I3 AUCTION SALES AUCTION SALE Will be held at MR MEL STARKS at Lot is Can Orillia Town ship 15 and IG side line miles east of No 12 Highway at Fox lncad on WEDNESDAY NOV 22 AT 1230 PJI 10 cows Hereford Durham milking and bred from June to Sopt ti young cattlc ll lng does not mean that the coun try can coast along financially with the former gay abandon The reserve bank has freed from the final squeeze elements advances for instalment pur chases imports and some forms at speculative investment in effect general discretioh has been restored to the trading banks with an injunction to use this power to avoid return to former boom conditions it was clear the reserve bank said that conditions in the sec and half of 1960 which had led the bank to restrict some trading bank lending had passed PRICES STABLE Speculation in land shares and other assets had died down the balance of payment position had been strengthened and it seemed that prices nnw re generally stable Four Communists hold of fivc in Winnipegs municipal COMMUNISS ELECTED IN WINNIPEG government Alf represent Ward in the citys north end They are felt to right Andrew Bileski school board day night off southwestern Japan Three of the crew mem ber aboard the Japanese ship member Mrs Mary Kar dash school board member Martin Forklni alderman Joseph Zukea alderman CF Photo RAID ulo STILL OTTAWA lCPl Police said Sunday they had raided one of the largestflilicit liquor stillsl Iever founrl in the Ottawa disA trict The still in barn about 25 miles east Of Ottawa could produce 200 gallons of liquor day police said Allrcd Lafram hoisc was charged with posses sion of an illicit still fienrge Davie CONSTRUCTION LTD Barrio with PA lllli Going your way LOWCOST TGA ECONOMY FARES WORLD NEWS IN BRIEF CANCELS SURVIVAL SERIES SAN FRANCISCO APlThe University of California exten sion service has cancelled series of lectures an atomic survival because only to per sons attendcd the first session lato demand for itto the chag rin of thc banks Building concerns thrown out of gear through the squeeze are showing no great hurry to get in these circumstances it was not considered necessary to maintain specific restraints on particular iorms at leading At the same time it was im portant to ensure that there should not be revival of the speculative activities and ex cessive level of expenditures in some fields which made nece ssary the selective controls im poscd last year In the minds of many Austra lian observers the danger at the moment is not that there will be overspending but that produc chase organizations will be over Of stocks do not yet want new glz mung mus avml finance for production the check to instalment buying has left Some Instalment purchase substantial carryover of durable companlcs which few months consumer goods and appliances back felt themselves ecialiy vulnerable because ungmploy QXND Dne oweWE adears mcnt now have millions of their gm mmmlale 5999 new belt driven electric rd tacular spending reactions from cream separator 800 caps ggdstuyen 3195 the abolition of bank restrictions early new gm auger 16 purcliascrs had found no imze to the muan borrowing with molar electric dt diam new outlet clientele accustomed in the last sec seed harrow Henfrew ycar to rebuffs may have to be scale fanning mi electric N0 STIMULANT Cilioled back in the banks and fencers oilantity of oats treat Easing of the squeeze and spring calves rcg Hereford bull 23 years old snws duo in Dec boar shop bags 20 chunks of pigs 23 cwcs Suffolk rams IMPLEMENTS Oliver trace tar 77 1554 model good condi tion long row crop tractor 1951 model furrow Oliver plow tractor chains MB 28 plate disc barrow Mil 20 tooth cultivator snow blade Oliver chisel tooth plow yrs old Oliver hay holler GOT nearly new ltlH binder it cut near ly new Oliver side delivery rakc on rubber rubber tired wagons hay racks Massey Ferguson fertilizer sccd drill 15 disc nearly new threshing machine 28 48 on rubber MH push typc hay ioadcr 30 it elevator with motor horse Smalley hammcr mill just the 3239 ton Hiyoshi Mani were missing Thirtyone others were rescued None aboard the 7855 ton American freighter was hurt GETS VIEW OF PLANE YPSILANTI Mich APt Warren Wills 70 of Mountain City Tenn wanted to see the plane at Willow Run Airport Saturday night He got good look at one of themit almost landed on his car Capt Foster Sturdovant was easing his United Airlines D08 carrying 52 passengers in for landing when he saw two headlights coming toward him lie pulled the tourengine jet into climb and then radioed the tower Wills was escorted oft the run wayby state police He was not held The plane made routine landing CAMPBELL LTD Furnituro Moving and storage Commercial Warehousing Agents for North American Van Lines PA 66555 TORONTOWINNIPEG $9400 Saturday Kenneth annes Jr administrator of the axiom sion service called the turnout disastrous lack of interest He said notices on the five weck lecture program had been mailed to 15le persons Economy Eeltun See your travel agent or write TCA at ISO Bloor St West Toronto Ont TRANSCANADA AIR lINEs FLOODS IN AUSTRALIA SYDNEY Reuters Police today prepared to evacuate hundreds of lamilics as the swollen and debris strewn Nepcan and Ilawkesbury Rivers sluiccd through farmlands west of here Rain which has drenched NEW South Wales for three days was casing over the imcfropolitan area but the run off of floodwater from moun tains was speeding down the rivers SIIIP SINKS TOKYO APtThe American freighter Almeria Lykes was slightly damaged and Japan cse ship soak in collision For All Airline Reservations and Tickets Calf BARRIE TRAVEL SERVICE 102 Dunlop St PA 66474 macms nosr 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