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TEE BARBIE EXAMINER WEDNESDAY JULY i2 15 Ll 10 osmosis DOLLAR See N6Vid1ati0n Oi Obligations ay nAnoLD mournsorv Canadian Press sun Writer WASHINGTON tCFi Well iniormed authorities here said Tuesday it would be diiilcutt to substantiate charge that can ads violated her international obligations by arcing down the exchange rate at the Canadian dollar They were commenting on an Ottawa dispatch quoting James Coyue governor oi the Bank at Canada assaying that nder Canadas agreement with the international Monetary Fund the Canadian government has no right to influence its ex change rate by moreethan one per cent Per on son the funds managing director declined to comment But other quarters said the onepercent obligation reiers to those currencies with an ex change rnte pegged to the Amer ican dollar or the price of gold Canadas dollar was unpessed in I95 and allowed to fluctuate in accordance with demand and supply The announced govern ment policy at that time was to Interiere with the market pat tem only to the extent of iron ing out small daytoday fluc tuations When the Canadian govern ment set the dollar tree in ma it told the fund this was only temporary situ tion and that eventually the dollar would be repeggcd Those with mixed rates agree to keep the dayto day market rate within one per cent at the agreed value Any major change can be underta Iten onlyiaiter prior approval at the funds viamember executive board representing the 70 mem ber countries DID NOT SEEK Canada did not seek such prior consultation beiore it an nounced the policy change in the June 20 budget However maisfiasmlasky deputy gov ernor oi the bank intormed Ja cobeson privately oi the pro posed change law hours he tore the budget was announced Some board members eel Canada should have returned to Pegged rate Iongrago They may express such view when the board examine Ca adas action at confidential meeting here later this month However these board mem bers who asked not to be iden tiiicd concluded that Canada cannot be accused ot breaking any international agreement in her move because there are no and articles oi agreement sat tlng out specific instructions on how eurrencies that float tree are to be regulated ECF supperts Govt To lieteat Liberal Attempt To Kill Bill OTTAWA CPi Liberal move to kill the governments annual CNR capital ilnsncing bill was deieated tn the Com mons Tucsd night by the Im gresslve Conservative majority with the support at CCF mem bers motion proposed by Pickersgiil Bonavlsta nvitlingatei not to give the measure second reading ap provalin principle was re jected by vote of at to so The Commons then voted unanimously to give the bill sec ondreodlng and reierred it to committee or clausebyclausa study The House later gave the bill iinal approval and sent it to the Senate Debate on the measureau thorizing the publicly owned CNR to spend up to $17a90ti000 in 1961 on capital protects was highlighted by charge by Mr Pickergill that Prime lilui lster Dieienboker believes that the government and not Parlia ment is supreme Veterans ai Minister Churchill nment House leader denied the charge call ing it an insult to members of the House He said Mr Pick ersgill had twisted words used by Mr Dleienbaker in the Commons last Friday in discus sing the governments bill to oust Bank oi JanadaGnVemur James Coyne The government recently won GORDON CHURCHILL Denies Charge parliamentary approval to raise the CNR board to 12 members irom seven Pending this am thority the position at CNR President Donald Gordon and tour directors had been left in abeyance The Liberals argued that the Commons should not he asked to approi $178000000 in cap itol expenditures for the CNR until the government had named the new directors and either re ppolnted or replaced Mr Gor on Pe0ple Of Canada Entitled To Know Jayne Maintains ormwA CVTwo letters marked Personal and confiden tial have been made public during the hectic course of the Cayna case One dated Nov 21 1957trom Finance Minister Fleming to James Coyncn governor of the Bank at Canada was re leased by Mr Coyne The other dated April 1561 from Bryden of Toronto former director at the bank to Mr Fleming was released by Mr Coyne on the authority oi the Liberal dominated Senat banking committee Should the letters have been made publici Yes say Mr Coyne and some Liberal senators No say Progressive Conserv ative senators CLAIM VIOLATES The main charge laid by Con servative senators against Mr Coyne in the committee hearing is that the governor violated his oath oi secrecy Mr Coyne maintains that he did no such thing that Parlia ment and the puhlicwere en tltled to information in tbelet ters because the government had given no logical reason for attempting to sack him and had mademiaieadlng sndjincor rectstaternents The governor put it this way Tuesday When attacks were made not only on me personally but on the integrity of the office of the governor oi the Bank of Can Tnda and when the minister Mr Fleming made relerence to certain matters which had passed between him and my self and which formed the sub stance ot the charges against me then any information doc umentary or otherwise In my posaelslon felt had right and duty to make public tor the benefit at Parliament and the people oi Canada Three Conservative senators William Brunt of Ontario and Gustave Monetta and Louis 15 Beaublen of Quebec contended that Mr Coyne had treated his oath of secrecy as meaning Iess when Senator Brunt Tuesday night moved that ithe committee law clerk be lustrilctedto give legal opinion on whether Mr Coyne badviolatedhls oath the Conservative senator was ova ruled by vote of 15 to Senator Norman Lambert 0atariosaid Mr Chyna was completely justified in his ac tion because the government had attempted character as sassination oi the governor Senator David Croll tarlo sald hewauld like an opinion from the law dark on whethervPiima MinisterDieien baker had broken his cabinet oath in January 1058 when he had madefpuhlic conildential document relating to econonilc advtce given the previous Lib eral administration This was the famous fhlddan report with which Mr Diefen baker politically ciobbered 0p position LenderVPearsoo few days after his election as Lib eral leader The prime minister said the Liberals had been given good advice but hadig nored it SAYS HANDICAPPED Senator Crull alsosaid at an other point that Mr Coyne had been handicapped because he could detend himself only by releasing cont a1 docu ments Mr Coyne said the bank can tinually released information in the public interest which would technically he considered confl creqy His releases in his present dispute with the government dentiai under tits oath of ae were also in the public interest he contended Rog Jar AV SALAD anrssmo mamas Cereal III pk 21le Se SHREDDED WHEAT zooms The All Purpose Cleaner Hod MI lieGAVE LESTOIL Five Foot Extra with Each Roll Rog rel SiteGAVE 6o FOIL WRAP Reynoldxn 25ltitroli29¢ In 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