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

Senate Gives JFK Tariff Cut Power By JACK LEFLER NEW YORK (AP) -- Interna- tional aspects of business over- shadowed domestic de velo p- ments last week. . Interest centred on tariff leg-| Islation and a discussion of the world's monetary problems in Washington, ; The Senate passed President Kennedy's trade bill which he called "a bold new instrument" for opning new markets for U.S. industry and creating a link with the European Com- mon Market. The. legislation provides: (1) Authority for the president to cut tariffs. by 50 per cent. (2) Authority for the president to negotiate elimination of du- ties on certain items. (The United States and the Common Market account for 80 per cent of the world trade in these cate- gories.) (3) Government relief to in- dustries and workers hurt by foreign competition. (4) Authority for the president to raise tariffs or impose quo- tas against a nation or group of nations putting "unreason- able" restrictions on U.S. prod- ucts, . HOLD DISCUSSIONS place at a meeting of the In- 'ternational Monetary Fund and the World Bank, in which. rep- resentatives of 28 nations par- ticipated. The fiscal discussions took! Some good news on the U.S. balance of payments situation came from the commerce ¢e- partment. It reported the deficit in the second quarter was $220,- 000,000, compard with $480,. 000,000 in the first quarter and a quarterly average of more than $600,000,000 last year. On the domestic front, new economic reports were balanced between good and bad. The census bureau said new private housing starts in August were at an annual rate of 1,521,- 000, a gain of five per cent from the July rate and up 15 per cent from a year earlier. ORDERS FALL New. orders received by dur- able goods manufacturing plants in August fell three per cent from July, the commerce sales totaling $16,300,000,000 were unchanged from July. Automobile production soared again this week with an esti- mated 141,000 passenger cars coming off assembly lines, com- pared with 116,505 last week, Steel output last week at- tained the highest rate since mid-May. Production of 1,682,- 000 tons 'was up 2.5 per cent from the previous Labor Day week. However, industry sources expressed doubt that September production would be up much, if any, from August U.K. Grit Leader Attacks Canada LEANDUDNO, Wales (AP)--jeral party conference, Grim- Jo Grimond, the Liberal party|mond said the government un- leader, Saturday criticized Brit-|dertook the Common Market ain's Conservative government,| negotiations "not in a spirit of the opposition Labor party. andjopportunity, but as a last re- the Commonwealth on the Com-| sort." mon Market issue. He picured Macmillan's cab- Speaking to 1,500 delegates at|inet as being "at the end of its because of slow orders. the closing stages of the Lib-'tether, desperate for any dis- tractions from the troubles pil- ing on it." He described the leaders of the Labor party as "'the only gaoseals in history who ever at- empted to ride into battle sit-' ing securely astride a fence" and added: "Now they have fallen off the fence--rather limply -- on the wrong side." ' Labor Party Leader Hugh Gaitskell recently has been edg- ing toward opposition to Brit- ain's entry into the Common Market. Grimmond said of the Com- moawealth: "It is sometimes the Commonwealth and not Europe which gives the impres- THE OSHAWA TIMES, Monday, September 24, 1962 93 sion of an old man's club put- ting up the shutters against the young world outside." The Commonwealth fears Britain's entry into the Common Market would harm the econ- omy of its members. Grimmond, whose Liberal party has come out fully for Common Market entry, said Britain now unfortunately was negotiating with her continental neighbors "late and from weak- ness," --- DEATHS London--Geoffrey Marler, 55, wealthy shoe manufacturer and air ace; when his plane crashed, By THE CANADIAN PRESS Naples, Italy--Giovanni Por- zio, 89, vice-premier of Italy from 1948 ot 1950. Ont,--Harry C, Co: 78, mayor of Trenton from 19: to 1039 and from 1941 to 1946- Goodwood,--England -- Chris Hicks, British auto racing driver; of injuries suffered : trial heats. department reported. Factor®™ No Support Vote Urged By Pearson OTTAWA (CP) -- Liberal Leader Pearson advised Prime Minister Diefenbaker personally Friday that Parliament must decide the question: of con fidence in the government be- fore transacting any legislative business. : The opposition leader paid a 20-minute call on Mr. Diefen- baker at the prime minister's East Block office on Mr. Diefen- baker's invitation to discuss the formalities of the opening of Parliament Sept. 27. In reply to questions following the talks, Mr. Pearson said the Liberals' stand is that the throne speech debate, tradi- tional avenue for opposition non- confidence motions, should be proceeded with without interrup- Won for legislative business. "You'll have to ask the prime minister about that," he said when asked the prime minister's Commons presiding officers, in- cluding Marcel Lambert, MP for Edmonton West as Com- mons Speaker, are '"'satisfac- tory" to the official opposition. The question of the throne speech debate taking preced- ence over all other business is the key to Mr. Pearson's aim| for a quick decision by the Com- | mons on whether Mr. Diefen-| baker will command enough voting support to carry on the government. | | WINS CHAMPIONSHIP LONDON (AP), --Ken Rose- wall of Australia beat fellow- countryman Lew Hoad 64, 5-7, 15-13, 7-5 at Wembley Saturday night to win the £1,000 first| prize in the London professional | indoor tennis championships. attitude to the Liberal position. PM BUSY The prime minister's office said Mr. Diefenbaker would be unable to receive reports to| D0 answer the question because of pressure of other business. Mr, Pearson informed Mr. Diefenbaker also that the gov- ernment's plans for nominating for itching, bur: ilies make ere eine ae att eae ID test. Feel it eect, PILES you miserable another out making help heal and welcoi 'walk, ride or work. (ointment or suppositories) at druggists today, 1 relief in minutes. Gee how much better you feel tomorrow. OW E 4 MUCH DO YOU NEED... to consolidate bills? for car repairs? to re-decorate? Money from. Niagara is put to good use by many thousands of modern Canadians in all walks of life. If you want cash for any worthwhile purpose, up to $3,000.00 or more, call your nearest Niagara office, or drop in for a chat about your financial needs, Remember, Niagara Loan Advisers are friendly and understanding. Their only job is to help you. You are sure of good counsel when you visit a of over 225 from coast to coast. NIAGARA FINANC COMPANY LIMITED 286 KING ST., PHONE: 728-1636 Niagara office--one Jorn NIAGARA LOANS W e [ Largest All-Canadian Consumer Loan Company ' S42 % tags oo Secs A, t See the complete range of Natural Gas Appliances in our (Well-Kno wn National Brand Name) IF YOU ARE NOT NOW USING GAS WE WILL GIVE YOU A BRAND NEW AUTOMATIC NATURAL GAS FURNACE ... FREE ! You Pay Only for Installation EXAMPLE: You receive furnace FREE ! We supply and install enough hot and cold air ducts to heat 6 rooms for only $339, ¢ NO DOWN PAYMENTS ®© NO PAYMENTS TILL APRIL 1963 © PAYMENTS OF 1.75 AWEEKON YOUR GAS BILL : Investigate this offer to-day - Time Limited! LIMITED NEW SHOWROOM at the CORNER OF ATHOL & CELINA STS. TELEP 728- 944