The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

12 THE OSHAWA TIMES, Thursdey, March 3, 1960 Legislation Of Stocks Opposed TORONTO (CP)--Federal leg- islation to prohibit the sale of stocks from Ontario to United States by long-distance telephone would not be worth the costs in- volved, O. E. Lennox, chairman of the Ontario Securities Commis- sion, said Wednesday. Appearing before the legisla- ture's standing committee on legal bills, he said the adminis- tration costs of enforcing a new law would only benefit the Ameri- cans. The sale of securities by long- distance telephone is legal in On- tario as long as the salesman is responding to a written query for a particular stock. New York au- thorities call such transactions "fraudulent" because they break State laws, Mr. Lennox said. CCF Leader Donald C. Mac-|| Dor~'d asked if there was not a conflict of interests in the Tor onto Stock Exchange, where members were obliged by law to| protect the public interest and} yet desire 'o encourage the sale ©" securities. The TSE does its own policing, said C. P. Lailey, president of the exchange. The TSE was con-| sidering tightening its short-sell- ing laws. Allan Grossman (PC--Toronto- St. Andrew) called the exchange a monopoly. Its arbitrary power as a public body should be ac- countable to some authority in the matter of appeals of its de- cisions. But W. L. Summerville, TSE executive vice-president, said the exchange should have the su- preme right to decide as long as it was not at variance with the securities commission. Water Use Legislation Suggested TORONTO (CP)--An agricul tural engineer suggested Wednes- day that the Ontario governm-n! enact legislation controlling the use of the province's water sup- plies. Professor H. D. Ayers of the Ontario Agricultural College, Guelph, said that as "competition for water increases there is a greater need for provincial sta- tutes which will clearly define the legal status of water users." He told the legislature's com- mittee on conservation that "al- most every year bitter disputes arise between farmers or be- tween farmers and municipalities or farmer and sportsmen's or- ganizations arising from the de- pletion of stream flow by irriga- tion pumpage. "It would be a tragedy indeed if legislation were delayed until violence occurs. Many incidents of near violent nature have al- ready occurred in the tobacco growing region." He also said 80,000-100,000 acres were under irrigation in Ontario today and the relatively new farm practice in Ontario was paying off for such crops as to- bacco, potatoes, vegetables and fruit. Queen's Park At-A-Glance By THE CANADIAN PRESS Wednesday, March 2, 1960 CCF Leader MacDonald read a letter to the committee on public accounts charging the general manager of the Niagara Parks Commission with being drunk on the job. 0. E. Lennox, chairman of the Ontario Securities Commission, told the committee on legal bills that federal legislation to pro- hibit the sale of stocks from On- tario to the United States by long- distance telephone would not be worth the costs involved in en- forcing the law. Prof. H. D. Ayers, irrigation expert from the Ontario Agricul- tural College, told the conserva- tion committee legislation should be enacted to control the use of water in Ontario. Education Minister Robarts told the educalion committee that British Columbia's system of renting books to secondary stu- dents at $4 a year was 'a good idea" and he would study it. Agricultural Minister Good- fellow indicated the government is studying legislation to stop use by grocery stores of farm prod- ucts as loss leaders. Thursday, March 3, 1960 The bill to amend the Labor Re- lations Act will be debated prior to second reading. New Toll Device To Spot Slugs OTTAWA (CP)--A new device| } will be installed on the Jacques C--tier Brid~e at Montreal to de- tect counterfeit toll tokens that may be used on the automatic toll devices, the Commons was in- formed Wednesday by Transport Minister Hees. An average of four slugs a day are rejected by automatic toll de- vices out of about 45,000 valid tokens and coins. The automatic devices were in- stalled on the bridge last year and, in the wake of a sharp in- crease in toll receipts, the Com- mons decided on an investiga- tin. The RCMP also conducted an investigation which Mr. Hees has said will result in charges. Mr. Hees said patrons attempt ing to use slugs have been appre- hended and in two cases legal action was taken, resulting in fines of $0 and $25. » SCOOP-PURCHASED FURNITURE "GOING-0UT-0F-BUSINESS™ STOCK OF AGME FURNITURE C MPANY N KIRKLAND LAKE YOLLES Bought The Complete Stock, So You Have A Wonderful Choice With Famous Names Well Represented Just FOUR DAYS Left In This Giant Sale And Many Pieces Priced Below Wholesale Costs For Big Savings 2-PIECE CHESTERFIELD Wool frieze covers, new 1960 shades, air- foam cushions, beautifully styled. Save 90.00. Special Sale Price, last 4 days. 140.95 2-Pce. Suite . ..... RATTAN BASKET CHAIRS With wrought iron base. Reg. 5.99 Specidl ........ ...... . 3.99 1/3 OFF TABLE AND FLOOR LAMPS A good selection of new 1960 lamps. Priced from C0 each » Assorted colors. Reg. 1.79 to 2.19 each. Special for 2-88 | KROEHLER 2-PIECE CHESTERFIELD Many styles and colors to choose from -- Drastically reduced -- for these last few days of this sale. SOME REDUCED UP TO 509% Select Now--Pay Later SMOOTH TOP MATTRESS AND BOX SPRING Excellent construction. Regular Price is 39.95 for Mattress or Box Spring. + ra... D388 1960 STYLED DINETTE SUITES Lustrous chrome finish. Beautiful patterns. Reg. price 5-pce. 59.95. Sale Price . ..........o. NEW 1960 ROY REFRIGERATOR 12.8 cu. ft. -- Reg. 359.95. Save 100.00 : Now Priced at . 2 LS 3-PIECE BEDROOM SUITES Consists of large triple dresser--Chest and bookcase bed, in lilac walnut. Just a few wre 16495 Reg. 309.95 Now 3-pce. SAVE 4.51 ON THIS NEW 3INT HASSOCK Use as a footstool, or extra seat, or mag- 699 Reg. 11.50 Special now ....... END AND COFFEE TABLES Arborite tops. Modern styling. 599 Each Reg. 9.95 Sale Price . PLATFORM ROCKERS In nylon and leather covers. Assorted colors. Reg. 39.95 1 88 Sieabav.bininiaiaininteis » Each 4-PIECE CONTINENTAL BED Smooth top includes mattress, box spring, vinyl headboard and tapered legs. In 39" = i Sale price, complete ....... ...... FINDLAY HYDRO RANGE Complete with automatic Oven Control. 4.95 Apartment size. Sale Price ....... /) 4 FURNITURE OSHAWA SHOPPING CENTRE ® Quantities are limited, so you'd be wise to shop early! ® All merchandise is brand new and of a high quality. ® Some pieces may be slightly marked from floor display. FLEETWOOD T.V. SETS 21" Screen -- Limed Oak. Reg. 264.95 4 Sale Price ..... 22 95 TOP NAME WASHERS Automatic pump and timer. Reg. 209.95. : i 130.95 OPEN FRIDAY UNTIL 9 P.M. ® Sorry, no C.0.D., Mail or Phone orders can be accepted. ® Many non-advertised specials are included in this sale. ® No Money Down and easy monthly terms.