Oshawa Times (1958-), 15 Jun 1966, p. 21

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Maurice G. Allen, 1997 graduate of O'Neill Colleg- jate and Vocational Institute, has received his Bachelor of | Divinity degree at Union | Theological Seminary, Rich- | mond, Va. The son of Mr, and Mrs, Oscar Allen, 260 Punshon Ave., he obtained his BA and MA degrees in Greek and Hebrew at Uni- versity on Toronto ini962, Bank Cash Reserves To Be Freed OTTAWA (CP)----Finance Min- ister Sharp announced in the Commons Monday the govern- ment will free a portion of char- tered bank cash reserves for in- vestment in interest-bearing se eurities, He also said in the Commons that the present tight money sit- uation is needed to dampen in- Gation and over-investment in new industrial plant and equip- ment, Mr, Sharp made the state ments while opening second reading debate on technical amendments to the Bank of Canada Act, including a provi- sion which will authorize the overnment to give the central ank a firm policy direction on monetary policy if a dispute ever it develops between the eabinet and the Bank of Can- ada, Monetary policy involves the trend of interest rates and money supply. The Finance Minister said he will soon be introducing amend- ments to the Bank Act, the ba- sic legislation under which the ehartered banks operate, The bill was given second reading and sent to the standing committees of finance and eco- Get the most out of your food dollar ST, FINBERG ZZ" ED aaa as Sa2 = gg am 100% Guaranteed. We Reserve the Bight to Limit Quantities fo Kormal Family Requirements, All Prices Elective June 15th to 18 th, 1966 SPECIAL FANCY PEAS SAVE 10c SAVE 45c SPECIAL ICE CASTLE ICE CREAM ASSORTED FLAVOURS ; PINTS FOR WHILE QUANTITIES LASTI nomie affairs, Under current law, the char- tered banks ere required to keep eight per cent of their Ca- nadian dollar depen Habilities in cash in their tills and in de- posits with the Bank of Canada, which earn no interest, Among themselves, the banks also agree to keep an additional eight per cent in liquid reserves ol al cash, and interest- bearing treasury bills and day- to-day Joans, North Called 'Musical Slum' TORONTO (CP) -- Northern Ontario is a 'vast musical slum" and St, Catharines is the most active musical community in Ontario, says a University of Toronte professor. Prof, Ezra Schabas, in a. re- port commissioned by the On- tario Council for the Arts and the Ontario Federation of Sym- phony Orchestras, said Monday that the growth of top-quality orchestras must be tied to a corresponding development in musical education in the schools of Ontario and among amateur players in the communities, In his 22,000-word report, fe made these points: Elementary grade tehehors| o are "infatuated with teaching) children the names of the notes rather than stimulating their in- herent natural musicality," ~~High school music courses are so dull that 'students who had never taken high school mu sic averaged twice as many concerts as those who had taken) high school classes," MUSIC HORRID Northern Ontario radio sta tions play terrible music ~~"Canada used to be a sing tng nation, Choral work is de- eli in the high schools, Chureh choirs, if not strictly for) the religious service, sing a hackneyed repertoire of 18th and 19th century English mur! aie." REPORT TABLED OTTAWA (CP)--The first re- port of the tariff board after a study of more than 10 years of import duties on chemicals was tabled in the Commons Monday by Finance Minister Sharp. SHIRT LAUNDERING -- AND -- DRY CLEANING Free Pick-up end Delivery PICKWICK CLEANERS "Your Senitene Ory Cleaner ICE CASTLE REGULAR & LOW CALORIE SAVE % ASSORTED KABUKI ha SOFT 12: 89: MANDARINS ,, a. f DRINKS & PEACHES ™ mp it This Week Pierre Offers You RED BRAND BEEF RED BRAND STEER BEEF. Government Graded, Cholee ae 79: aturally Prime! Rib Roast s.wresem. u Weal for Broiling or Barbecuing Meal for Stewing 99 Tender RIB STEAKS BRAISING RIBS = « 3 GRADE 'A' VACUUM PACKED GROUND CHUCK *tmtem = GOC TURKEYS "4 WALIBUT STEAKS » 89 SLICED BOLOGNA "«=™ QC SCALLOPS 2 69¢ Garden Fresh Produce i ¢ LB. Calitornia, Family Size Pkg. Imported, Canade No. 1 Grade ICEBERG LETTUCE 2 «& 2% SUNKIST ORANGES * 3% 59%, JUMBO RADISHES = 3% 23c GREEN ONIONS '== 3 % BB CANTALOUPES GOOD DOLLAR BUYS AYLMER JAMS 5. f D.C. Choice Rose Brand, Hot Dog or Hamburg RELISHES = @ 15 or. Tin $ APRICOT HALVES i = Pane REALEMON Assorted, Frozen $ ba * 2 vextea Bay PUNCHES **"™ 10 ' ' \Dessrt Powders 9°31) ( Sal A Gourmet': Delight Florida's Finest, Canada No. 1 Grade LARGE SLICING, BEEF STEAK VARIETY TOMATOES Canade No. 1 Grade, Home Grown 3-79: Bonus Coupons Assoried with pectin 9 ox. Jar Del Monte Perere's-orepst! Four Season's 15 oz. Tin Wa a) BEEF « IRISH STEW Steinberg, Frozen White or Pink LEMONADE *«. tin

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