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ience sorry to 8CC Morris Examiner Published by know Newspapers taunted 10 Maid Street Barrie Ontario Walla Publisher it wrote can unite FRIDAY JANUARY 1M Pill Must Protect Borrowers From The Loan Sharks The recent decision of the Supreme Court of Canada that the Ontario Un conscionable Transactions Act is valid is good news for those who have been concerned about the lack of protection for berrowers Early in 1963 the Supreme Court of Ontario found that the legislation was outside provincial jurisdiction because it dealt with interest rates federal matter The Supreme Court of Canadahas now ruled that the act deals essentially not with interest but with the annul ment and reformation of contracts Thus the court found it was within the pro Vinces jurisdiction There have been many favorable com ments about the most recent decision The St Catharines Standard says the act will continue to save many Canadians from the grasp of loan sharks For the legislation has been in force for many years means of redress for people ovrehurdened by excessive interest rates and other charges The need for such legislation was am ply demonstrated in the recent reveal ng investigation by committee of the Ontario Legislature it found cases where interest rates ran as high as 87 per cent the Standard reports The Toronto Daily Star notes that the act was intended to provide protection to borrowers ensnared money lenders ln oppressive and unfair contracts lt empowers court to grant relief in these cases where it finds that the cost of the loan is excessive or the transaction harsh and unconscionable Relief may take the form of an order fixing the amount owing and the monthly payments and reducing bonuses gimmicks The need for legislation of this type commissions and was never more apparent than it is to day the Star dec ares select com mittee of the provincial legislature has confirmed what everyone knewthat vicious loan shark racket has been flour ishing in Ontario preylng particularly on persons taking out second mortgages Some of these contracts are so extortion ate in their terms that borrower can make the required monthly payments for several years and still find himself owing more than the original amount borrowed However the TorontovGiobe and Mail warns Therels limit to the extent to which borrowers can be protected from theirown gullibility This falls far short of any attempt say to give courts power to peg finance charges litany borrowers find themselves in deep financial waters not just by reason of trickery burbecause of their own rock lessness at the moment of acquiring new car or house major step toward protection of the uninformed but otherwise innocent borroiver would be taken by renuirlng that the lender should disclose fu ly the total sum that the borrower is required to repay over given period insistence that the lender should his clients arith metlc for home would appear to be one effective method of repelling the sharks DOWN MEMORY LANE 10 YEARS AGO IN TOWN Barrie Examiner Jan 1954 New record $3000000 buildingmade in 1953 Barrie built more dwellings than Col lingwood Midland and Penetang combin ed Totai permits issued Was 402 Na tional House Builders Association pre dicted same rate for Barrie this years New $20000 sewage screening installa tions at Copaco was inspected by liayor James Hart and Town Engineer Rob on Cam bell who were conducted through ocal meat packing plant by James Simpson general manager Charles McMartln superintendent and James Wilson chief engineer Fred Crowe installed Worshipfui Master Corinthian Masonic Lodge Harris Redmond installed president Barrie Ki wanis Club succeeding Methven Adam son Barrie Works CGE began 40hour week On New Years Eve Mr and Mrs Robert Boyes of Gllford were at home on occasion of golden wedding anniversary On New Years Day at Barrie Arena the Fiyers beat Jonquiere Marquis of the Quebec junior hockey league 182 Johnny Marian got five goals and Cieland Morison had seven at Barrie Fiyers hoc ey match Ray to realization that this island was indeed place worth visits assists Jimmy Robertson George Ran ieri and Danny Poiiziani were also high up in the scoring Very Reverend James Clair of St Marys Church and Reverend Joseph dePencier Wright of Trinity Church gave 1prayers at inaug ural of Barrie Councl Oath of office was taken by Mayor Heber Smith lieeve Eldon Greer Deputy Gird wood Aldermen Earle Williams Otto Williams Harry Michie Mrs Marjorie HamiltonMurray ltiills Paddison James Boorman Robert Golds James Victor Byrne Willard Kinzle Clute and Major Franklin Hersey al so Barrand clerktreasurer and Benson Straughan welfare officer Gordon Branlff 29 defeated Graydon Kohl for mayoralty of Coliingwood Gable reelected chairman public school board First open bonspiel at Barrie Curling Club won by rinks skip Red by Sully Meredith and Tony Saso his was first season with artificial ice Soroptimist Clubsfur coat draw Wall by Mrs Harold Bowen of Mtnesing Lucky ticket picked coach Hap Emms Lougheed elected director of Ontario United Coops OTHER EDITORS VIEWS KEEP IT canons Hamilton Spectator We view with alarm the news that glass piggy banks are now lie rigueun Not glass that you can see through we hope That would no awful How to keep the contentsof ones piggy bank safe secret if prying better half can see for herself piggy bank should hide from even itLowners gaze thotsight of filthy lu cre To see 50cent piece gazing at you from behind glass via to be sorely tempted To be sorely tempted is to pick up the lpiggy bank and hurl it against brie well Thats our exper say We say make the piggy bank of piggy ll0ti It should be as safe as chartered bank Else why botherfuslngvlti none itonsreowsa town Chrisltan science Monitor Get horse used to be thoderlsiver he Barrie Examiner artmeni Ottawa and for payment of postage in Daily Sundayi and statutory Holldlyl excepted KENNETH WALL5 Publlllalf vrcron Ii WinanN Generu Mlltuli outi Mcrunnaon Mlnagldg Editor runny wraanN Advertising flitliAY lllLL Accounhn limiter in infant Circulation lillnller aubncripiian rte daily by cantor dd waeirly tiled yearly Sinus copyic by mail in Ontario ear SIM six months 3300 three months ms mnn jouulda Ontario and Eritiih pondstom gatorsnude le month tittthrce monthl 015 rorontni Catn Ave otiWertPaod Street horsein the with good tires force the owner to remov cry early this century when an automo bile broke down or got stuck in mud But carrying horse in his car gotSher wood Pardee into trouble The animal is miniature but live horse only about as inches high Mr Pardee of Gitford Connecticut had tak en out the back seat of an old car so the horse not pony could ride with him This it was accustomedto do oftenrest ing its muzzle on his shoulder as he drove But Massachusetts state trooper gave Mr Pardee ticket for traffic violation Jon the theory that the fourfooted pasr senger vision After all now with so many horse power under the hood of motor car cant it man carnyijust one more little car interfered with his rearwiew CLD TIRESVMENACE North Bay Nugget in thesevdaysgof an alarming increase in traffic accidents that authoritieashouldrnot take certain that cartoontrucks are efulpped The olice ma per iodical checks of ye cles brakes and lightsandthis is good practicebut they should also have the authority to dc tires hicil there are many Many serious accidents are caused by blowouta orakidding tires Sometimes skidis unavoidable butit goeawlthout saying it it fires trend has notbeeu worn down impossibility of it retaining its grip on the roadie immeaau creased is on short isle of Wtghiaod in every bam FRN mat an wml nae urge warn norm Of AIRFlliOS xv natives T0 TOWERliELLYEll re rowan nrpoitr anon on Isle Of Wight Tour Found Fascinating is ill inclusion troop COWES Isle of WightCowes on the Isle of Wight has name which is known the world over as the British home of soil ing of yachiraclng and all that is associated with it There was no sign of sailboats or yachting activity however when cross ed by ferry from Southampton to the lstesoLnght onaecotd and dull December morning was one of group of iournal ists being taken on an informa tion tour oithe areas around Bournemouth and Southampton in the party were journalists from Canada Australia indie and Pakistan and even the Can adians to the party were suffer ing somewhat from the cold raw weather which accompanied the channel mist An we approached the small island the yacht club house were all closed and not yacht was in right However we made visits to places of much interest which have already described such as the Saunders ltoe Hovercraft plant TOUR 0F SLAND it was left however to tour of the island which we made alter delightful lunch in little hotel overlooking the sea at West Cows to awaken us ing Even on this row Decem her day we could visualize that it would he delightful place in summer with scenic mates of beauty on small scale hidden around every turn on the winds lng roads which we followed to the far side of the island There below towering cliffs which went straight down to the rocky wa ters edge iutted out the finger prints of the Needles the trea cherous rocks which have prov ed the burial ground of many gallant ship Not far away was beauti fui sandy beach on which the waves tossed and rolled and once again we noted that this must be it delightfulplace in which to enloy tba bracing ehao nel waters in the summer ICll one wanna gamma But as we drove around the narrow roads of the isle of Wight and through little ham lets each with it ancient church this seemed like part of England different from any that had praviouaiy seen ThthhiflK is becoming lost art in this country and well qualified tbatoher are difficult to find home read But there of them oaltha let saw splendid examples theirwo intth He pointed out one of them church iii the little village oi Brlgbtatone in the heart of the island it was weitbuiltraih er sprawling liniiCCiuilCiL but its wholerooi war thatched in ii thatchor skill that anywhere oric in an ancient setting thaitown of Newport where modern sun ormarketi were mingled with centuries otd shops distinguish ed by the architecture of the middle ages found this tour of the late of Wight fascinating experi once even in the chilly month of December And what dc lightfui place it would howio of viilrlntneigdotrold hummer time if we could only in this unpredictable country be as sand of summer of long term sunshine TODAY IN Jan 196 William Joyce better known as hard HawHaw was hanged in Britain for treason it years ago today in loan Joyce was em ployed by the German ra dio during the Second World War and made Nazi proper gnnda broadcasts in Brit an toutThe separation oi church and state became effective in France loseSir Edmund Hillary New Zealand reached the South Pole in an overland trek the first person to do so since Robert Scotts feat 48 years before Amundsen was month before Scntt inrraparrine THE News See Chous Trip All Sign Red China Breaking out 0i Shell One of the most fascinaiin games in international diplo mocy is called Whats Peking up to new it is played with equal on ihuaiaam in Moscow Washing ton nr Accra There are no real winners but the intelioc that stimulation is considerable At themoment the specific aim of the game is to figure out what Premier Chou Enlal of Communist Ctilna hopes to gainor is likely to gainfrom his tour of Africa ltiost Weatern observer res ominous signs that Chen is ex lending his campaign to achieve influence over the non white world deliberately ra cist campaign directed at Roar sia asweli as the West Others see itna an attempt at economic penetration in Al geria Chou was reported to have breached with domestic cars an idea for China inex plors the Sahara for oil Some observers also have found cautiously optimistic trign inChoue junket Whatever else it meant they ay it at least represents eking attempt tobrerk out of its shell towin friends and influence people to become more respected member of the international co unity This is encouraging to that groupof Chine experts who he iieve the giant Communist power must be encouraged to raenier world sociaty before mier Khrushchev said Wednes day general and complete din armament il the top interna tlonai problem in the way strengthening world peace in an interview wit the ru yarinowspaperEi as reported by the Soviet news agency Tara Khrurhcirav said rMeaaurea to strengthen peace include wide range of problems tr unquestionably the principle one in general and complefodiurmameot iha Ruininn leaders marira camazaa thesoviet Coma gruniatparty newppape ravdaj printed New Year etin she can be influenced in con structive way Tire main achievement of Chaus trip so far seem to be the promise by Tunisia to rec ognize Peking That will make 10 countries recognizing Comv muntst China compared with Iidl still recognizing the national sr Beyond that it seems no likely to fail easily into the Peking orbit Similar campaigns by the Sir vlets have shown that even the moat antiWestern nations of Africa arent eager to acquire new colonial master Typical of the African re action to the rival More Peking bids for influence that bf Algeria While welcoming Chou Prelt mier Ahmed lien Bella Ipolio in support of Moscowsveriioa of East West peaceful coexist ence in Moscow at the same time an Algerian delegation was making clear to Premier Khrushchev that Algerian in tended lohtiiid our own par ticular kind of socialism errawa ltiiPOltT Election Promises can Cost Money mum NIWOLION OTTAWA Election pwmisos by political Iudera cost money that money but to be provided by the taxpayers we have had so many costly election prom ioes in the past seven years that we cannot now afford any more while some must be re winded The voters long lulled by poitticiaos promises that they can give something fornothlna are reluctant to believe this neatllttlc capauiated example of the bitter costly truth of this bar however just been provided from that Impressive building facing our Parliament Building here Iho Embassy of the USAt The department of state in clay announced an exchange of notes with the government of Canada regarding the relmposi tion of falls on the Welland Canal the tails which were suspended or of July iii leer will be reimposed of April lost Thur thcambaraldor of the US commenced his state ment and summarized the whole lorry story 1F YOU VOTE FOR ME Just before polling day In the 1962 election the leader of the Conservative party John Dlefen baker was whistle atoppin through the Niagaraleniosuis soliciting the voters support for him by External Affairs Minia ter Paiu Martin on Dec iii in This read Six have the honor to to fer to the exchange of notes of March lead setting out the tariff of falls on the St Law rules Seaway inducing the Wet land Canai and to the mirrors of notes of July and is 106 which varied the tariff of toll in order to provide for the sus peasion of toll on the Welland Canal in my predecessors fHon Howard Green note No ll of July root he raid shaft of course oommunicata further with you if the gnvenr meat of Canada subsequently do cider that it would be advisable to revoke this puspension and reimpcsc toils on the Welland Canal The Canadian govern ment has decided that it would be advisable to revoke the ana penslon referred to and to re impose falls on the Welland Canal as of April fl 1964 at the rate and under the terms exist ing immediater prior to the suspension PROMIBE SEEN UNSOUND Thus that election promise to make the WellandCanal toll free has now been reversed it it now seen to have been an election pmmiaowhirh was con nornlcaliy ti nd and one which Canada could not afford but moreAmbauador Butter the candidates of his party its worth by publicizing MrMor surprised his listeners by an nouncing that falls on the Wel land Canal wouldoe suspended if his government was returned to office This appeared like gambiers throw to defeat sit ting Liberal MPa in that dis trict such as Wellands Dr McMillan and Niagara Falls Jody LaMarsii and to keep Lin coln sale for the Conservative candidate gt This bid failed the Liberals swept all three seats But the Dicfcnbaker government was re turned to office in minority position So the tolls were re moved Ambassador Buttcrworths statement disclosed the text of the relevant note addressed to QUEENS PARK TaxesiindwaierMay FigureInTheNevs by non onnanlv TORONTOinsurance taxes and water These are among the dues tions which should figure in the news here this year Both opposition parties are set to continue battles ainat the government medical nour ance plan its unlikely the actually be procure the House this year it is still before the tan will through of the dobate at least cer tainly will be continued criti cism of the government for fa voring private insurance com ponies TAX INCREASES To the man on the street thebiggest cause of concern could well be taxes will there be increaaer and in what form and when There has already been an assurance that increases are coming Thepniy real question now is Just how and when We discovered during lots that we could suffer from lack of water We had near drought lathe spring And some taste of one in the fall Aciually we bays known for tioa letter reveals for the first lime that the Conservative gov ernment had doubts at the time the election promise was kept Hon Howard Green insertedl warning in his note announcing the adding of the folio thatathe government might later decide that it would be advisable to revoke the suspensionand relt impose iolia So now after costly experi ment hcneiiiting strippers at the cost of the Canadian taxpayer through one and half shipping lessons that election promiso has ended This raises the interesting question What other costly election promises will now also have to be defaulted upon at ti some yearsthst water supplies were getting treacherous And still we havent done any thing very substantial about meeting shortage This year will wet OTHER MAHEES one are basic questions and one which could be most controversial But there are many others which will cafdi attention There probably will be Lib eral leadership convention dup ing the year it looks as though there may be number of federalvptovinc rial conferences There in action to be started on automation Members will ill looking for more pay it promises to be abuay yarn BIBLE THOUGHT The blood oiJecua Christ Bonnie out be from all lint Tha sacrifice of daivary made to fret ill from lifes be vlutburrlen