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| THE DALY TIMES. GAZETY| man of that day took] [ . maf E Halifax Negroes Now ES, St, WY a little , ptr Yan ony ¥) present I un. . g Fr owing an incident (United § t ates and Canadian derstand there are over a thous-| A few incidents have Shida. thapters to remove the color [bar. . d cottages around the shores of been History Of Lake Scugog [mfrmiisy lowlv Accepted Fhe mmiwmeg =" "> = up all the time. We cannot leave Migr ps Foi said all 'DONATES F. watering|the subject without a further closed to Negr atesal thes ped ENFIELD, N.S. (CP)--The 1, (Second Instalment) teacup, but a review of the re-|touching on Manvers, al "To do this it was nece cord' shows where action might , Word shout. shipping. J mentioned where 12 Negroes are among 900 Negro sits on the municipal coun- through a clause written into the |H, Hom Of the late Biri the whole of Cartwright, and Part another type of craft, and they white ea e AE school board. | constitution or through "a gentle. catty nt, Prominent Nova Scotia that Wm. Purdy should have an/have been taken to prevent such + Canadian Press Staff Writer ) adequate and assured supply ofla minor incident Purdy himself Of hg We Siren a Pn Sougos. HALIFAX (CP)--The Negro is| Another son, Phil, science, "Employment opportunities are man's agreement." The fraterni- and prospector, > of ble com- i ici . : A A fy _ pager ild a good mill, and also proof TEXT OF PETITION ny the Adie and 508 begin Shosen at a) official the largest Negro community per|A third son is in his senior year achievements during recentsouthern fraternities by northern oman ne' £ or assurance that the erection of part it reads: convenient bay of Windsor (which championship events. Perhaps capita in Canada. Only a couple at Dalhousie. {years resulted partly from the water to drive his mill. Permis- had anticipated something of the| bei cepted by the major at Acadia University, was increasing," Mr. Oliver said. ties are not officially recognized) lits ramificated contribu- October and even into "Novem. Slowly ing accep! y | maj y, was incre x aid. | f 7 sion was only granted him 'tosort was bound to happen and} Sy branches, rendered partially per we see pleasure craft of all| White majority in Halifax and the chosen at high school to receive| 'We've made tremendous strides by the Suversily: esident tthe such an establishment in what! "That your petitioner in consid- is now Whitby town) where it is i of discrimination gates remain! "Basically," Mr. Oliver says, close relations of white and . q ar ™ was then Ops Township would eration of h's building a Zist ow in Bobi to construct her glory Hl yet retusg fu some polted against them. Even these| 'I've always based my policy on Negro soldiers during the Second | M President Calls | be to the benefit of those already and sawmill on Scugog river on a harbor. Surely one may be per- "This. then is one person's| 2€ beginning to rust away. | Christianity in practice. The big World War. : he Dr. M B. Dymond Recalls By DON HOYT dam the river on condition he petitioned the Lieut, Gov. to take| i | surrounding county. |the Cornwall award given annu-|in 10 years." : met certain requirements. These steps to prevent it. Listen to his i Rg atiposs; Brock ings, and of Tate we have heard Nearly 5,000 Negroes in this| ally to the student most pe Negro Barrister George W.|Sigma Chi fraternity, said pres- Hicluded proof of his ability to|Petition: : area of 120,000 people make up sentative of a Canadian citizen. Davis said he believes the/sure is being applied on diehard tablished in : : § | i y ; h hat such aml would Fhe pe len ens ecooctnd to Tilted the 'Woxury of dreaming ,ry' shout Lake ScugoR. Once q bull SGU Is in the distant push has lo be in the field of Me Davis sass be ews organ PRT encourage settlement of that part(and has been a great public gineer's r dation been She played su a Dar on war the Negro here has made HOUSING A PROBLEM as two powerful pressure groups d ona e - Isc ine district. I might draw to and ion ted. Is it f: what a foreign university student| To take the educational oppor- that will eventually snap the ful to suggest : Your attention that this lay within but has required a very consider: | iia} 'we who live on Lake Son of a fine part of our province. Shei fo' jp 'o' a5 "ir tunity av to his children, color bar in employment. | the district of Newcastle at the able investmert of Honey 20 may have seen ocean going ves- Sontifiues | I re eae ind strides." the Negro "must be given gain.| In county schools there are 900| [] [|] . : "I ha referred to the |e ebeivan x 'Brant of lags sels steaming into a bustling har- 5G TS E0CON (0 RAE COB ppycaTion THE KEY |ful employment," Mr. Oliver Negroes among 22.000 students.) n I0 gains n d ion WL ve uirgady red ee Ye HE) 400 acres and|DOr at the end of our main street. |G: Chien coe and exercise for Both Negro and white sides say says. 'Housing is probably the All facilities are integrated ex- ' ae a gol is dam am i of being allowed to|But the St. Lawrence Water- or ®n on o"uid en and her education holds the answer, not'most acute problem. To obtain|CePt at New Road, an exclusively Prep onl oa : oy log ether 28a Wit ey so much 2 the lands|Way Was not then visualised. [scenic beauty is a delight to all only by learning in the Is. 'social acc a man must | Negro Somiuniiy, W ere ut sy. be | + ial | " " Sabie of 3. smal retina Gn Lh vers oie 6 BECAME WATERWAY [Who riveree ber Bre "one bi by puking scroe racil nie Corian set umber 8 S10 hog fie remained small only through the said pis as Should be requis | "None the less, Scugog did for Poeless has described Scugog Rav. William P._ Oliver. | 45. Negroes. in the city Tve on the are. for the most part, Negroes. prompt and decisive action of the| for that purpose, in order to have , ¢ime become a bustling | "Li year - old pastor of Cornwallis outskirts of cross-harbor Dart. Children, Negro and white, from 1ahl Gordon Ball Urges Larger Foreign Exchange Reserves ARNOLD HART, GENERAL MANAGER, REPORTS PAID-UP CAPITAL HIGHEST IN CANADIAN BANKING HISTORY-- CONFIDENT OF BUSINESS PROSPECTS a convenient and advantageous) . p f a " \ art- | z then mayor of Lindsay, a Mr. use of the mill: your petitioner is| Vay, and a profitable trade in Lake Scugog", Norma Hoey. Street Baptist Church, executive mouth and are mainly confined centres with no high school are Kemp, and the Catholic priest in freight and pasSenger service Cool'are its waters, blue rippl s | {taken by bus to the nearest high charge of the small pprehensive that unless some | A | : secretary of the Nova Scotia As- to one area. | parish. Al- op |cargied on for several years be- ed, in the August sun where the } , school. though order of your Excellency is made, | ie sociation for the Advancement of Although labor and government Dig hi A Bai been some of the lands necesserily|tween Port Perry and Lindsay. | willow trees Colored People, is a leading pro- officials claim few employment NO ISOLATION Es yh ng ay overflowed by your petitioner's Tod St pon Poy ow. pike strange. long, Wayering ponent of the educational pro- barriers exist because of color,| John W. Lynch, executive gee, been > {mill dam may be granted uncon- + jshadows when 'the day 15 done. oacg |the Negro is lifnited to jobs for retary of the municipal schoo had h Father Jougely drawn. ditionally. which would not only Without mention of the® name| G ..on are its shores, birch) He has personally been the vic- which he can "qualify." + |board, says: "There is mo such 43 PR Ai it TD be inconsistent with the promise | Crandall: fe Ist White family 101 jined: where tents stand: tim of discrimination. A house| Few Negro clerks are seen in thing as isolation due to color in Then ton. mai ications ne | ade b Your petitioner Without seille in, Reach Pat om And smoke climbs lazily from was withdrawn from sale when downtown Halifax stores. White. Halifax county. There is not a -- : poor and somewhat slow, so those taken Boule dot ave ler ou owned and operated 10 camp fires, where little children he tried to buy. Despite such dis-|collar jobs are restricted. Most colored pupil who hasn't the op- MONTREAL, Dec. 2--Continuing steady growth living within the affected area also prevent your petitioner from steamers, three pallace barges, build castles in the sand. appoinpments, Mr Oliver. re- Negroes Fd, Jobs, 8 Tailway [portunity of taking sdvastage of of the Canadian economy and containment of inflation were not advised of the flooding using his mill and would prove and 85 lumberbarges, all of, Down in the wild rice where COLOR. A CHALLENGE {FEW IN PROP GOSIONS "| "In other Segments of: commy-;Can both be achieved, but to do so will depend on intelli- that would be consequent uponruinous to your petitioner. which at one time or another|the light is shaken, age old winds "0; i 1 iders| Th i Ni doctor in nity life, instances of discriming- gent self-discipline at all levels in the conduct of the the damming of the river. In| "Wherefore your _petitioner|plied the Lindsay-Port Perry run. whisper softly, ever so scftly-- His wife, Pearleen, considers) There is no Negro doctor in nity life, gen. ] : : [ |p Bay Or TY, De y. " - lifax. Th tion crop up--some repeated] t ff: d addition to this, we gather from prays that your Excellency will During these busy days other Brushing the spider webs, am- being colored a wonderful chal greater Hali ax. ere are one tio op J ae ep ; na lon 8 econom:c affairs, according to Gordon R. Ball, a. petition to the Lient, Gov, tbe pleased fo order that in any shipping companies of Port Perry per and brown. : Jonge. of five sub. Leslie. this lawyer 2d two ordined dis. bu} mos 9 2 dente Asai: president of the Bank of Montreal. rT Canada, from Wm. Purdy nts of such lands a license to and Lind 13 -st s! 4 A '. y ' 453 2 oe i : Hop ceriala of the lands known| sour petitioner and his assigns to and Jinasay Joa in service on 1 love to walk when the day i: year was elected head boy, or fire department and another is tion of Dalhousie University has| wr Ball told B of M share. (those who regard the business to be affected by the flooding overflow them may be reserved. Lake Scugog. Most of these were, YOUR" and bright and very fair: student council president, of on the police force. There are asked the local barbers' union to holders at their - 140th annual outlook with pessimism." were being conveyed to settlers(so far as may 'be required for of Ay po Bi in the lumber For in those magic hours I've Queen Elizabeth High School several nurses and teachers. One outline its policy on cutting Ne- ig giday that oisiment of "We in the Banle of Montreal without any clause protecting the purposes aforesaid." [business and we today would be heard the rustle of the Lord's ---- this double objective is "a chal- certainly see no reason for re. Purdy. Whatever the cause, we! {greatly surprised to know the White robe when he passes there. lenge, not a certainty and will |vising our preparations and plans. are told that high water in Lake| CURT REPLY hae volume of freight that passed Gepend i pe vation Sto grow with a growing Canada, Seugog filled up all the streams| 'Purdy got a somewhat curt oo. "4p. wharf at Port Perry's a During the year we have issued and overflowed the land to such reply from the officer in charge \oioreront al ae 1 i 900,000 additional shares of capi- an extent that trees were killed of the settlement of OPS town. "But tire logs and the mills ave Ty, k bi he Song rey env Ton tal 'stock which were readily sub- and decaying timber and other|ship advising him that no suc the steamers and the the economy will enjoy the stead; |Soted, Be costinved y vegetation caused much illness grants. had been made without 8One€: I i a » : he and is 'eredited with eausing athe required protecting clause Darges are gone: the rollicking, 1gging Ln S fest and most fruitful progress," |"); ou0h he believed the 1957 i idemié of typhoid and that no promise had been brawny men too are gone: the he said business lull would pass, Mr.:Ball Serious epidemic of typhoid. {given anyone of indemnification lake is fast filling up with mud - Shareholders also heard G. sinesy I 9 , Mra We might question this rea-|Sived anyone 0. INCEMnUiCAlon lq silt, but although the freight- Till New Year SL ALE SEN Li LE Arnold Hart, general manager of SC 1€ Was Bt CORVIROCC =W8 enon ie aE our troible acver ein appeared on er and the pallace barge have i the B Of M, Lresoll 2 s{alsment pi 1 po erin A Tg oh presen k ow mize ut o SO scene and Purdy's mill flour- Sone we gee more and more in 2 ee reflecting substantial Sdvances | gua mest hg uy ! n Se t is always wiser | an ished for many years after that, |eVidence new type of craft, , WASHINGTON -- Excavations by the bank Sunder Con on with "while fortunately being brought oresight. The fact remain 8 go I ei a with | sleek, trim and not a little im- it Russell Cave, the home co! | extremely tight money," with| ortu y 14 vy none-the-less, that in Ops and Bgop a e is indent its cen. Pudent, that offers some hope o |Stone-Age Americans in north- record total assets Teporisd 3 | de a Measisg of Su 1 4 Seay hom Tomaloed HL re Is suas Scugon laand gn 8 Tesrgence of some of the im 2K NAb, have ben ence fra, Joe ot he Genie 5 amps, a Fr om Jone hed rr |portance which Lake Scugog| I : ' | Rt ies Js one aa oF pol hh fd Suge IRE. Ib Ech 00 40 cop During he send. summer, of and you'll NINE Ree 12 aria hist agus. vig s for name by which the present Port| Waterway Scugog once played work at the prehistoric site, dig: Reviewing the past year, Mr. Nel Win My se sell yh in A ky. C. OF | Perry was known, because at this|an important part: she died as|gers probed to a depth ef 32 feet Ball said despite a new record in| aor tli) little Yad selling quinine and whisky. Con- , + such, suddenly and violently with without reaching the original [the total output of the economy, 2Pp9 tingly a alyay ia ditions became so bad that settle-| time, about 1850, Port was of ment came to a standstill: no one little significance, Prince Albert would recommend any settler to|Was the growing and prosperous Soto {ls area. Cn this bust 20th cent s bustling century we MUCH SUFFERING may be forgiven if we forget that "In Ops township, particularly, a lake which is so relatively un- the coming of the railway in 1867. | floor of the cave. Over thousands It is but fair to say the company |of years the cave's occupants offered to buy the extensive covered their litter with fresh shipping business owned by Com-|layers of earth, leaving behind |modore Crandell for $150,000.00,|an unsurpassed profile of cul- {but the commodore refused andtural evolution in the American 1 the sufferings of the settlers were important except from the stand-|50 the railway came in and the, Southeast. ; #0 bad as to be almost unendur- (point of its scenic beasty could commodore fell into bankruptcy. Charcoal taken from an ancient able. Many of them were of the have at one time played a very 'But I must draw this narra-|fire at the 23-foot level promises Roman faith, dnd these decided important role in the economic tive to a close: this is one fault|to- be the oldest material of hu- to band together, go to Lindsay and social life of many commun-| With getting into history, the sub- man origin found thus far in the and tear down the dam. Armed ities and people. Yet such was the ject becomes so intensely inter- Southeast. This fire was 10 feet with muskets, or whatever weap-|case. Harking back to the opening [esting that one becomes carried deeper than a deposit of man- ons they could secure they set/days of the 19th century we are away and loses sight of time, A/made charcoal tested by the ra-! out. Word of the impending re- to realize that roads were very brief look at Scugog today dioactive carbon 14 method after bellion reached Lindsay and all{non-existent and that to build or|shows the many changes wrought the 1956 excavations and found but plunged that town into con-|cut even a trail was an enor-|by the passage of time. As we|to_be about 8,000 years old. sternation. They had not suffered mous task to the early settler who|noted, the steamers jand| Russell Cave work has been from high water of Lake Scugog: had more than enough to do to|barges have gone, and at Jone|carried out jointly with the of this a homie and food for him-|time it looked as if even fish | Smithsonian Institution. The cave iis own Sat and Viewed i this| would go too. The depredations of |and farm where it is located are mayor, Mr. Kemp, call-|light it is but understandable that|the carp were so damaging that|owned by the Society. od the town fathers into emer-lany natural roadway would be|at one time it became a rare; Led by Smithsonian archeolog- gency session, ordered that the|put to the widest possible use: | sight to see a lunge or bass ist Carl F. Miller, the expedition] militia be called out, secured the and Lake Scugog fitted admirably caught in Scugog. But this has has collected 2% tons of artifacts help and support of the Catholic|into this category. |been corrected, and many splen- which are now under intensive Priest and then they set out with) 'Prominent mention of it is did bass are caught every year|study. This treasure trove of| militia to meet the rebels/made in the initial survey for the although the lunge are still what was once cave-men's trash from Ops. This Mayor Kemp|Trent Canal when Mr, N. H.| somehwat scarce, {includes weapon tips; bone, shell, must have been a bit of a mili-|Baird the civil engineer who in| 'Whereas our earlier settlers and pottery objects; tools; re- tary strategist, for at his sugges-|1835, prepared this report for Sir were disturbed because of the mains of ancient meals; and ton they tore out the bridge as John Colborne the then Lieut.|damage done by the high water ashes and carbon from fires. | they left Lindsay so that the Ops|Gov. of Upper Canada. Here, inlof Lake Scugog, I, today hear | men would have had a good deal part, is what he says: "Before|many complaints because the of difficulty getting into town to|leaving the extended and fine water is too low, particularly in| REPRIEVE FOR LINER carry out. their avowed plan of navigable waters of Sturgeon the winter time. What was but a; LONDON (CP)--The last job action. At last the two groups|Lake, it may not be out of place few years ago a healthy and for the 22,000-ton liner Asturias, met and after much talking the|to refer your Excellency simply flourishing business, namely mus- | now waiting to be broken up on rebels agreed to go home to Ops|to the fact of the existence of one krat trapping, is almost unknown. the Clyde, is to provide the back- with the understanding that the|of the most favorable opportuni-| This, my trapping friends tell me ground for a movie, "A Night to Lindsay people would lower the|ties ever presented to open up the/is because the water has been Remember," about the Titanic dam themselves. History tells us,|Same extent of country, by so|lowered to such an extent that disaster. however, that the government very little assistance from art, as|the rats will not build their win- had™to order the lowering of the|the waters of Scugog river and |ter houses. But we still have dam. ' - |Lake afford, passing in the ducks, an occasional wild goose PIRATING DECLINES 'Nowadays we in and about|course from Sturgeon Lake, from and lots of bass. Situated as we, MANCHESTER, England (CP) Port Perry often complain be-|the southwest angle of Fenelon, are but some 50 miles from To- A marked reduction in the num- Fause the has been lowered through the whole of Ops, 40 ronto Scugog is a most popular ber of cases of pirating of Lan- 00, muo 1 This episode fortun- miles in extent, interrupted only lake for summer 'cottagers. This|cashire textile 'designs by the y. was but a tempest in a'by the rapids at Purdy's Mills, |is not new, for a historian of 50 Japanese was reported by the [there has been a distinct slowing-|,o,ainties of world affairs and down in the pace of business, eed rmamernt: with: expenditures for al, goods ('CE IE MC [oh ments in the land services in recent month I 0 ry ke thin the past | differing little from the rate of gl bis Es Dove added sew am ear ago, ¥ But the -exchange value of the gency to the need for concert | i i |effort and preparedness on the Sonata boi Toy By he|part of the free world," he said. said, and this premium served to GENERAL MANAGER'S intensify Canadian exporters' | ADDRESS problems and those of producers| G. Arnold Hart, general man- of goods competing with imports ager of the B of M, presenting in the domestic market, Mr. Ball the bank's 140th annual state said. However he added that he ment, reported that after setting |was' opposed to the suggestion aside $9,191,000 for income taxes (that the government should act __ ¢] 396,000 more than last year 'to reduce the premium or to fix| _ pet profits amounted te exchange Bo "Such (ekion 649,602. y could involve the expenditure of| . $7,946,013 will virtually unlimited amounts of Bald , as divi |government funds with conse-|. 4. equal to $1.60 per fully- went Jfiationsry effects," he id share. Mr. Hart said. After ' « these provisions, $1,703,679 was Nevertheless, he continued, 1 dded to undivided profits, now believe the government should) A v | ori standing at $2,113,834. | give thought to the advantage, as S'& 8 t te that a long - term policy, of enlarging "It is interesting to note tha lour official exchange reserves." on the basis of the increased | While most of the vastly increas- number of fully - paid shares led amount of foreign invest- outstanding at October 31 last, | ments in Canada is undoubtedly provision for taxes was equiva- |permanent, "a substantial part/lent to $1.72 per share whereas of it could collosivally De Te net profits afer taxes Were equal called," he szid. "It mig |{to $1.80 per share," he said. prudent, therefore, to consider| The general manager's ad- adding to the reserves," 50 as dress also revealed an increase to reflect Canada's position as*alof 125000 deposit accounts trading nation and to prepare for heen recorded during the fiscal jine by when incoming Ccapi- year, including 93,000 savings al Pp y r c ts SIGNIFICANT PRICE by DEVELOPMRNTS Se en he Continuing his review of e A i : |picture, Mr. Hart said the total year. fe BM president, SUZ" amount had reached $1,438 mil- |gests tha es time ja ' . I price advance in basic|lion for an increase of $55 mil materials to work its way|lion over the 1956 year-end, an [through to a price-rise in finished [indication of the bank's continu- products and that the latter may ing participation in the high level [persist for some time after the of 3 2dien stonomle SeHVIY, former has ceased. | st significan Teas Throughout this general picture, loans during the year were inthe the restraints of tight money mortgage field, where a rise of have been apparent, Mr. Ball|$27 million to $131 million was went on, and in consequence, reported. : TELEVISION LOG = = ae ~~ {same thing, only the Toronto! merce. CHCH-TV Channel 11---Hamilton CBLT-TV Channel 8--Toronto WROC-TV Channel 5--Rochester WGR-TV Channel 3--Butfalo WBEN-TV Channel 4--Butfale 12.00 MIDNIGHT $--Tonight TUESDAY EVENING 5.00 P.M. 1l--Family Theatre 6--Earth and People 8--Playhouse 4--Santa Claus 2--Sir Lancelot 5.15 Children's Theatre WEDNESDAY P.M, 5.00 P.M. l1--Family Theatre 8--Swing Your Partn S5--Playhouse i, 4--Santa Claus 2.00 AM. 3-Wild Bill Hickok S---Home Cooking 5:18 P.M. Papers s Play. '--Children's Theatre 5.30 P.M. 2--Rumpus Room 2 Le. 677th Bengal Lancers 2.30 A.M. 6~Rin Tin Tin 2--Mickey Mouse S~Aumpus Rooms 2---Mickey Mouse 4--~S8usie 6.00 P.M. 6--Kingdom of the Sea $-Kit Carson 4--Headlines, Sports 2-8ky King 6.30 P.M. 11, 3--News: Weather; 8--Tabloid S--Date With Angels 4 -Annie Oakley 3~Captain Grie! 730 P.M. 1l-Life with Father 8--Robin Hood 5--Nat K Cole a! at Tune he: Tge 4--Phil Silvers 3.30 P.M. 1, Dragnet yl 3~-Wyatt Earp 9.00 P.M, 11-GM Theatre - Theatre $---Meet McGraw 4--Lucille Ball Show 2- Broken Arrow 9.30 P.M. 8--Bob Cummings 3--Telephone Time 10.00 P.M. 11, 6--Concert Hour 5-The Californians 4--3$64,000 Question 2-West Point 10.30 P.M. S--Death Valley Days 4~Decoy 2-Highway Pathol 11.00 P.M. 11, 6, 5 4, 2-News; Weather: Sports 1.38 P.M, 11--The Late Sho= 6-1 Spy SSuste 4--Eleven-thirty Theatre $---Premier Pa formance 10.00 AM. S----Ariene Frances 4 -Garry Moore 2-My Little Margie 10.30 AM. 8- Treasure Hunt 4&~Arthur 2--Corliss Archer n M. 5--Price Is Right 2-My Favorite Story 1.30 AM. 5--Truth or Consequences 4--Strike It Rich 2-Star Performance 12.00 NOON 8~1%¢ Tae Dough 4--News Weather 2-Mid.Day Matines 12 M 30 P.M. Sit Could Be You Serials 1.00 P.M. 4--Matinee Play- house 5 -Feature Movie 145 P.M, 2--Buffalo Philharmonic 2.00 P 4--As the World Turns 2--Helen Neville 2.30 PM. 6 Matinee S--Bride and Groom 4---Meet the Millers 2-House Party 31.00 P.M 11--Movie Matinee 5--Matinee Theatre 4~The Big Payoff 2- American Band stand 3.30 P.M. 4-The Verdict Is Yours 2--Trust Your Wife 4.0 PM, 6--Open House S5--Qufeen For A Day 2--American Bandstand 4--Serial Stories 4.30 P.M. 11, 6--Howdy Doody Edge of Night PM. Modern 6.00 P.M. 6--Live and Learn 4--Headlines, News 2-Foreign Legionnaire 6.15 P.M, 4--Cisco Kid 30 P.M. 5, 2--News: Weather: Sports | &--Playhouse 00 P.M, | U--Jungle Jim 6--Tabloid 5-U, of R. Open Jd ona Rangers 2---Grey Ghost 4--Film Featurette 8.00 P.M, 4~Tne Big pscory. 11, 6-Wyatt Earp S5--Father Knows 2--Tombstone Territory P.M. 9.00 11--The Vise 6, 5--Kraft Theatre 4--The Millionaire | %--Ozzie and Harriet | 250 P.M | 11--Time for Music 4--I've Got a Secret 2--Walter Winchell 10.00 P.M. 11, 6---Chevy Show 5--This is Your Life 4--Steel Hour 11, 6--Wyatt Earp 5--Grey Ghost 1.00 P.M. 1, 6 5 Run Theatre Carnegie | | | | ... The best reasons + in the world for owning adequate life insurance / 2 Is THERE ANYTHING that means more to a man than assuring a happy and secure life for his wife and children? Is there anything more satisfying than the knowledge that he has provided enough take care of them, in case anything happens to him? life insurance to market interest rates have re-| "We have endeavored," MF. mained high, with some moving Hart said, "to follow_a consist b new peaks. Jeainst ie baek: ent Bolicy in Meeting the require. ound, - i ments of customers for mortgaj Ered 0 Canadian, borrowers, ai {uids and, while of necessity oft h 8s t 5 mes, though they enlarged their loans | be geared iy Pn aad Teduted ther, securities hold-| oon gitions, is bank has Hever POS < |withdrawn from the field. . on a OF CANADA | mortgage lending." i Mr, Ball proceeded to review | Covering laons generally, the his recommendations on funda. E50err, BaRafer, tah NS JU mental and permanent cl anges | SUS! nal oY IL Toad of rier i di baki tem" ey aha the Pr Bahl the [borrowers and it is our constant Bank of Canada earlier this vear. jendeavor io accommuliale Nib These proposals would havt, in for their 3 effect prescribed the assets the requirements. : chartered banks should hol d|SEES ROOM FOR BUSINESS against their personal savings de- OPPOSITION : posits, he said. Reviewin; business develop- Such change required 'the ments during the year, Mr. Hart most careful consideration and |said, although trends were mix- fie Jullest Julie Siscussion." ed, there had been a general r. ball ha vis! In- [tendency towards an economic ister of Finance, and should be | Hiareaey A impiemented if at all, by!" «A key factor," he said, "has changes in banking legislation." heen a levelling off in outlays of Wi incident, Je Canadians 3 capital nature and this in turn everywhere that Heir basks are ie led lo 21 vsti The strong because they have de-| : veloped in response to the ex-| Ports. However, the decline in panding and changing needs of residential _, construction that the economy and people, "not on marked 1956 was arrested this the basis of av rigid formula." SPring and it now appears likely gi a BANKS BATTLE INFLATION | that the number of new dwellings The government's efforts to Started this year will exceed combat inflation protacting Ca-|100.000, which would be less than nadians' pEdiasine power, have last year but more than initial "had the full support of the expectations." chartered banks." Mr. Ball con-| Summarizing, the B of M gen- tinued, and the effectiveness of eral manager said that under the tradiiional and Ifexible control of economic circumstances which the money supply has been ap- have been in effect, it is not sur- parent. : prising that Canada's industrial Unpleasant. £s tight money has output had lost some momen- | 1 ° been for ever~one concerned, Mr.!tum. But here was room for en- J 0 n d 0 n ! 1 fe Bull said he believed "Canadians |couragement on several pdt ' hae come to realize that the he thought, especially in *'the un- i S 3 "Insurance Company Head Office: London, Canada Téday is @ good day to talk to a London Life represeniative costs and inconveneinces : dimi Lv. (diminished ris are small compared with the income." Tise of total personal costs and nels ot fain "Ss" use, he perc of dispute that the boom would hav. tadjustment through : which we been far more extreme ihe have been Passing as probably adjustment far more painfil had | hot yet ended. Yet. amid the con- monetary nolicv heen less severe icting trends that have marked or less effective * the past year and mav well con- ROOM FOR CONFIDFNCE |tinue in the months ahead, we Summarizing this year's busi-|{Should not lose sight of the pre- ness trends, M-. Ball said he dominant fact that there is no assessed the r 'ure as having basic weakness in the Canadian reflected a aerate readjust-economey that warrants pesgim. ment, add' ~2, "I am not among |ism or lack of confidence." '