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18 THE DAILY TIMES-GAZETTE, \ WItn [een mgner man In me preced . with its decline Michael, tor of Lord Beavernroox'v swe: and then Dingle, set their own ing Standard and is a political BUSINESS SPOTLIGHT Se ON Ae A Me ueio|slaciening in Wemand and, yith Thursday, Deco! bor 12, «57 -- Tis of Tandy peasy, » ev on oy ° "However, there has been tend-| However, there had been a! Family Devoted courses. {columnist of The Daily Herald. Dingle managed a successful {made vigorous use of the plat- {switch from the Liberal to the form, Jadio i Journalism to arry e Foo % Y . . strictions for every turn-down for are willing and able to take on| id |Labor party. He decided the Lib- sei i me Linon ne LO Publ1c Service gsm. hws nder the Labor banner he re- e ni Europeans Look To Next Year By ALVIN STEINKOPF. ¢ Banker Explains Stand 5 mito cent | i ot ae of Te abe was not justilie¢ by ine CirCum-| , c Ashforth president, said yin i wi € ceived 26,900 votes to 18,160 for Party. He has heel Assis ant bt Siatces, r the position of the ap- many small businesses are try- oy DO Ro eon 0 Tria oh Sn a 308 record his Conservative party opponent or of Lord Neaverbrook S hve u L s plean.. ing fo do too large.a volume in service is an ancient tradition, of Commons seat in a byelection, in the Ipswich byelection, a re- A Fo pol aca n 1 i- one 0 1 SURVEYED LOAN ACCOUNTS relation to their capital. This was|the Foots are becoming unjgue. | Sir Hugh Foot, 50, has become sounding triumph, ae ee eight in re y In order to determine where it | understandable. but it did involve, Rarely have three bl others | governor of Cyprus. Dingle segyed in Parliament as " ar es wi stood on the matter, Toronto-|risk--a_ firm or person who was|been so prominent at the same] Michael; 44, is a former mem-|a Liberal from 1931 to 1945, parly coune's. Colonial administration is the By FORBES RHUDE | Toronto-Dominion ¥ank, at thei pomnion made a survey of its|over-trading was vulnerable toltime in British affairs. a . E di Editor | bank's annual meeting, held Wed- joan accounts under and over|market changes. « | Dingle Foot--he of the mile ent oh deter main interest of Sir Hugh. He OFFER SCHOLARSHIPS LONDON (AP) -- Continental| Rurvpe is a miziwe of prosper. | frequent 2 Par oof oe ess it n h and apprehension as business money policy of recent times has care of the legitimate credit] "We found that in this period ners| ips, and were too small to | fi men, workers and farmers, con-| penalized them in favor of larger needs of all our ¢ s and |the figure in the Liberal party. He =o '® cerned over jobs and earnings,|corporations, |at ime |enough flexibility to permit tak-|crease thgn the number in excess Jook to 1958. nesday in Toronto. He said 1$100,000 as of June 30, 1957, and Many firms were one-man Or Christian name--is the most 1 ! s y : a : i aly! Foot father of the clan, /Was governor of Jamaica six| ° | family concerns, or perhaps part- eo F I we s|years. To Cyprus he brings a|ships for study in the Soviet . : cent of the Foots to make head- was for many years a leading pa 0 SP us he, ie Union will be. offered next. year of our loans under seek outside equity capital. but i ceded S€TVed as secretary of mines, 1 to students of all countries, a in-/ TAXES WERE FACTOR small--but some solution needed jo v. "0 Bamiament and lord| Michael Foot, » Labor member UNESCO publication said Tues. One problem had been that to be found. mayor of Plymouth. At 77 he is|of Parliament for 10 years, has|day. Some 40 or 50 of the scholai~ made vigorous use of the plat- Hips are for shudy ot the peace TEY. Small businesses have made charges that the tight-| "Our policy has been to take! June 30, 1956. the same time maintain{$100,000 showed a greater F time to time bankers¢ 1 om ling on new accounts. of this amount and in total there high taxes had slowed up the| The proposal to increase from stil] a leader in' religious activi- urni i-| trong denials this noun 3 3 it the turning of teiyear busi iliave Made strong | "This does not mean that we|was no significant change in the rate at which the small enter-|$20,000 to $25,000 the amount of ties and a writer. form, radio an journalism to carry on the Foct tradition. are listed in the new edition of ness activity is levelling off has been so tly in lands which have been Booms, and codnizies| tion yi He matte de by A. T.|tional edit. That is simply a] i iew. was ma y A. T.[tional credit. s si \ a v : { | point ol iew . ot of loans outstanding had! capital for business -- large oriwas hardly adequate. less than their share of pros- longer-than-usual examina- have not turned down loans or pattern." : |prise could plow back profits. corporate profits to which a : A Sree om a bank's|cut down on requests for addi- During most of the fiscal year) Banks could not be expected to lower tax-rate applies; was a SWITCHED PARTIES He edits The Tribune, reflect- Study Abroad, a book on finan: ended Sept. 30 the average provide long - term and equity step in the right direction, but it| The family gave stout support|ing the left wing of the Labor [cial help for international educa to the Liberal party for many party. He has been assistant edi- tion and travel. 4 perity fear there is some trouble ahead. Prospects are extremely spotty. Economists everywhere said fore- casts are difficult because unpre- dictable political developments could scramble economic affairs. "There are bright, indifferent and dark evaluations of the year- end position. The most optimistic reports come, curiously, from | countries which lost the war-- | West Germany, Austria and Italy. | BRIGHT SPOTS Countries in which the tempo of business is slackening some- what, but in which expectations are fairly bright, include Scandi- navian countries, Belgium, Hol- land, Switzerland, Yugoslavia and Greece. Dark spots, in view of observ- ers on the scene, include France. Portugal and Spain, and some of the countries in the Russian sphere of influence, notably Czechoslovakia. v.But most observers, except in France, agree that the lot of the mon man should continue to improve somehwat. There are more food and merchandise, housing has improved a little, and except in a few spots unemploy- ment is not a major problem. Some countries, including Prance and Finland, are fighting against inflation and its round of increases in commodity costs and wages, | In all countries it is recognized | that what happens in the United States could have a vital influ- ence in Europe and in some places the continuance of Ameri- can aid is regarded necessary to bolster weak economies. ONE COMMENT A typical comment from a fav- ored land was mage by Fitz Berg, sident of thé Federation of est German Industries, who "In spite of all negative signs in the world automobile and steel industries, especially in the United States, there is reason to expect a continued, though a less impetuous boom especially for consumer goods. A resume of the position in various countries: West Germany--Slackening of the rate of growth is 'expected. "But we cin safely predict that industrial output will rise at a healthy rate," said Ludger West- rick, deputy economics minister. Italy--Prospects for 1958 are re- garded as good. "Barring inter- national complications the favor- able trend will continue," said Alighiero de Micheli, president of the Italian Association of Indus- trialists =The country boomed through 1957 and prospects are good. Em- ployment is at a record peak and tourists are flocking in. France--The economic situa- tion, in the opinion of many ex- peérts including Bertrand Motte, secretary-general of the National Management Council, "is grave." A 'Crisis in internal finances is ac- celerated by deterioration of the frame, Motte said. At the year's ed living costs are rising, for- eign exchange reserves are drop- ping and lack of raw materials threaten unemployment. Swilzerland-- Industrial produc- tion has increased gradually, for- eign workers are being recruited There will be some levelling off, but general prospects are "not bad," said Dr, Walter Abi, sec- retary of the Swiss Industry Fed- eration. Denmark--A recessive trend in the Danish economy is foreseen and at the end of the year 10 per cent of all trade union mem- bexs are jobless. Agricultural and industrial production increased slightly, but the country's prob- lem is lowering prices of the products it sells. Yorway--Prosperity and full erhployment are the rule at the year's end, but economists fore seg a slackening. American de- velopments are watched closely, and there is concern that a reduc- tion in freight rates might hurt the: country's big merchant fleet. Einland--The Bank of Finland faces a fight against inflation. "But there are some reasons for optimism," said Dr. Ahti Karjal- aimen of the government eco- omic board. Sweden -- "We look forward with confidence," said Tore Bo- man of Sweden's General Export Association, Saw mills, paper mills and shipyards were busy the economy is well bal- ain--Persistent tion has hit "the working clasSes hard, and there is little prospect of a change in trend. Bright aspects are good citrus fruit and nut crops, and mining and industries are making progress, Portugal--There is little hope of _torrecting the unfavorable tr. balance. A depressing in fluence is the low price of cork. But earnings from tourists are expected to increase. Holland--Businessmen look for- wand to 1958 with "moderate op- Belgium--Stable conditions, not much different from 1957, are en. The World Fair open- g in Brussels in April is ex- pected to stimulate some indus tries. T Greece -- A fairly prosperous year-gives officials hope that 1958 may be even a little better. Poland--Inflation is being held off with some success, conditions for the average man have im- proved somewhat, and state plan- pers are harried but mildly op- fimigtie. Czechoslovakia--' 'Serious defi- piencés"' are expected to necessi- jate a reduction in consumer goods and services so that heavy ndustry may be boosted, A sys- jam of penalties for "loafing" s was introduced. Some ous production programs 1958 are being reduced. Yugoslavia--"Better in 1938," fate planners predict. J ' Lambert, general manager of the' matter of prudent lending and wm. in (BET SHE SHOPS AT AsP!) LONDON (Reuters) -- Scholar-' FRESH FRUITS & VEGETABLES! STORE HOURS: : JON. SiS EM, Florida, No. 1 Grade for € sweet, crisp, Pascal, large S TUES. -- 8:15 -- 6 P.M. Tapered Red, Green, Wits (19-inch) WED, 8:15 - 6 P.M. ! 3 roi, -8:15-6 P.M. BROCCO LI Kross Now! Sins, Wo. 1 Grade, Yimiee Grom bunch 29 : Christmas Candles 3-23: pi Bers ru GRAPEFRUIT ~~ coos 10-49: BRAZIL NUTS :ss.39: ORANGES rcvrmimin wal) Be as Ne wh 35 AP PLES rrr Quality; Melntowh (Red Si celiobag 3 3 C babs 69. UALS go! | 115 ks £9 ¢ JANE PARKER "+9 CARROTS Y Bradford Marsh, No. 1 Grade, Washed, Ready to Gook setts 5 o 2 =a 3.79 | POTATO CHEESE =s-2.89 FLOWER DEPARTMENT CH i PS Be sure to visit our Fresh Flower Display. We have for your selection a very beautiful iy GINGER ALE «arton of 6 29: of flowers. 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