quire interests in other [inan- own resources. The government guards is one of the most “an. “WWI—alive organizations. so it art-cpt suggest'ons that credit

. mm, uni-Tom. Thurs. 'A‘pﬂl 30. 1964. 111mm be be! me to u-l . . temporary hind. outside their lion to ensure adequate safe 1 around credit unions and otherl The commissioners could not Credit Unions Not Affected

cial enterprises."

‘ I Thus it recommends exten- should do 1itlti‘tal‘t in supervis- ious problems facing the credit didn‘t go into the subiect lI‘l dc- unions. lhl‘r‘il’jii lar-k or concern ' . ’ . ‘ . . 0 0 mg centras 0 see they were union movement. said thp r... tan‘ fnr mm"... yield. wore misal- ::$ktvg‘;ill‘:r;i§lslatltan covering always in a position to meet port. However, it recommcnriro limiitti: the resources oi com .and that limngtioan: hemgi‘agger; . ‘the needs of local branches. plpputhLTms [lugglnl‘n that tile retained earnEncs oi" mtiniltc. ) I in common director-ates, ‘ OTTAWA (Cpl —- The nper-l union "centrals" — organiza- Inspedmn '5 a Sermus pmb'. “In spite of their pupil...” credit unions—now lax-tree 7- ‘ ‘ "" “"'“—“-m

The present eight chameredi ation of credit unions andi tions set up to act as centrall 1:1"! in .many pmvmces- the re“! "cord and the fact that both sI‘mllld b9 sublf'f‘t l0 (fol‘Wiré-l" K.»\Rl‘\iI-) IN TANGANYIKA

I ' I l l ‘ ' ‘ r 5'3“ - ' OC 3 and centrals a t . tax and that the restrictions on .. 1 banks and an n 4 ca sses popu alres Will not be banks for large groups of credit. . c. n ant to ' I)\l'i ink SALMM Reuterst “would comm“); tigers“tohac‘t‘ilr‘gte‘1 disrupted by proposals of met unions _ being brought under. I in Quebec the caisses Dopu- borrow from chartered hanks lax-fr” reserves "‘3‘ am“) "T prawlhht “w”! Karume 0! “mm owning shares m each my“ commission on banking‘ federal hank laws , :lI'PS have adopted the most! when need arises. lhp 1m.- ihmi chartered banks also be applied 731mb” algmod hm" “Imday l other. Savings and other bank-. and ﬁnance ‘ 'Eacii central should be re- 1 “rough mspecmn procedural 0' “Q U i d l t -" mitlmdlnﬂl hi' ‘" cred” ”"'°“‘ for the formal exchange of in- lting institutions under federall The commission devoted a (Illll‘Pd

‘ to maintain adequate: in slpitelof the fact that the' credit union Shim“ m 5mm, Since most of the Carllil12> oi. spun)...“ .r .-.t~.t‘-t-:ttton merg- OTT’NTA (Opt—Bigness and of the assets and five Amer-lg licence would not be permitted: comple'e chapter of its ropmml cash reserves in relation to his Qlleiec eglslation does not pro-. parts of the (.mmm. ramps "WW Meals are 1955 than 3.1000. Still in: NW Maud mm Tanganyika _

tend to characterize' can - owned firms had 57 perm invest directly in the stock of} tabled in the Common 3. ‘ own'liabilities and the liabilities V'de “’r “V “W 3°V°’"m°"" tions about i" l u re dei'clnx» “1" “PM "1" Zl'lW'L'Cm "“ in A no 'ed t‘cDuhl'c He was

him-mus ' ' 1 f u h ‘ - . . iresponsibilit' in this a a" l - main forces 0f the _“".“"'B cem ° “3 "Smess‘ lanother licensed banking firmi to thin licstion. Pur o of - member soc'ei'esn and} ~ A- y 5 re ‘ mem' ‘ ' ‘ ""9 “mum apply and bm’a'i‘" u’clt'omcrl at the airport slim. W, mya] commisston oni MANY COMPANIES .withhht federa] authnrity. .Series 0? recommendgtffns wi‘ they should hold cash reserves? m '" 0th” pmv‘MeS' eve"; "If “1‘” 1mm“ W" “‘“W l" "‘95" rates wo'ud him" Prcsitif‘nt .llllllh \‘verereﬁ Vic?- bankin: and finance conch-ideal . There were 10a federally-neg-f Final”. all banks would be i to strengths," credit unions am}; a, ,he Bank Of Canada to me. when governments areurespon-I amp at an suddpnlv because of those of most competinu instt. “WWW Rim!“ Rawawa and m rewmmendmg 5“m§.]eg‘5‘a'i “med insurance compdmes in‘ipfevemed from acquiring mor caisses imputaires so that their! Erate their operations in the “’19. m" Supervismn' me 5”" '3 (“3'12" 1" "1“ ('"ml’f’mm’ Ml» “""msv 1‘ Show” “0' "3"“? l'“" tlt‘lcl mt‘tlilw'x oi the Tailgati- ‘. wens on “competition and. 1961 and these had 9'24 per cent : ,th 10 e r - -- ‘ ,‘ 'ou “a. ﬁnanci 1 svstem PPTWWFY Staff l5 llOl e'ilth’f‘ll’Si uation. because the move of title difficulty}. k- u - ~ [.\€‘- i u . f {h t . ‘, an. per cent of the stock of manual condition may fullyc ll 3n 3 . - t t h ._ .' " yl a -mmllmcnt. titration. to e 5559 5 compare‘l With' ﬂ ' ' - - ~ ~ , - . I “We " t 9 ldﬁk exPeCied 0‘: potential new member: shrunk (‘ NH ,1 .- h ,, ~r—— ~ 7 rer»~~———— concc. V . . . ‘iany nanclalinstttulloh not sub. Justify the confidence uhlcn . . ‘ A ~- . I ' “mm” 3" ‘d ‘" Y Cmmarahveiy few companies provuimal I firms or fraternal. Jed m the member‘ place in mm" .. ciiOl‘LD JOIN CENTRAL 11- l or disappeared, or because oi Mpulaire; now formed a “n; "W "I..an PPM“ *’ ‘m'rnte in the banking. sales benefit someime$ l The mm ~ 4 f N ‘ r ' , . . the proves! "l. The commission had heard of: increased sensitivitv tn zcncrnl nificant" party of Canada‘s it ' ' m ' ‘ hint”. l“~“"'3“"° and “my 0f the 10" mm“: I“ had i ' missm". "rm" reﬁt on. 0' hp recommpndatmns “Elite”?! rggula'inns around 3" “ample fmm ﬁrms}! CO-l mnnmal‘)’ W'li'Y- Sf‘rlml‘ ll‘lllld- nancial system The movcmcnt 'i‘hp World's greatest land Nuts, it says, although it 0111- Per Pentihbul 8 rapld'gr‘owthiini iliitrﬁmends lenlsiation to estah— wouldafiect thP flay —_ to - dayl the credit mlth movement. the: lumhia where one inspector andl ity prohlems might develop," had 4,700 local branches it in mountain range is the Himala— p-wws that, bigness is not nPC.i foreign firms was diminishing. .15 as aw the present char-loperatlon of credit unions. . report. suggests that all local two assistants were responsible. The report noted that anothcr' nearly gimme members and van. which cnmaths ii of th. -- essartiy badnesshalid that)” hast l‘hlSSetle‘ngomleoné'ag I r ﬁgegxlahrggfgﬁlce of not shar- i But oneldof the chief suggest-l branches be required to belong {or 320 local branches. I royal commission now is con-’ assets of'mo're than $1 600.000.. ivorlri‘s 1? peaks of more than . d nothing t a cur com-» 9 0 pmpo- l s. i ons wou result in credit to a central to be assured of The 1 t . '. ‘ ' t t ~ . 1 ~ 1 9 Sign" in links that havens“, to amend the Bank Adi ack 0 over all supervt sidering he an s rut lliI'O mo “WA”. “6,000 feet. erupt-god in Some areas. “the report as s .

Bl“ (me of its legislative pm. "We havelno evidence to sug~ my. would give the federal pest. that this igeneralt concen- ﬂnmwmwht power to examine tratlon has lessened competition :‘rnprghlp hnks in banking in.‘ and indeed the .broad picture is !,.,,l..nn5__mplhdmg “scent “gone of increasmg compentipnﬂ “lament. 1Nor can we see any practical: ' II" cases “'hprp the anthol‘i-‘thectrion to the fact tlhat the hp; -‘ lid that the public llliPIPSli'ﬁlrmS ‘31? one“ large and 384'? .. ... imparny, they should have . this bigger. . m prm'f‘l‘ to apply effective' ‘Somet'lmes. although not 31-. "mmlosy lays the report {5. ways. units need to be large to. “N More Banks also woutdibe efficient and competitive} b; dlwnumzpd h-nm ownership . and to meet. the growing forces at MW shim-prises i of competition enamating from' 33......kipd throughout are ref.‘0lllslf‘l9 our borders. This in “WW ,0 ,hp tips "hrmal ini'more true in the developingf .m finallctal community, in its‘ world of computers and spe- nmt it comments; t'fflaliSlS with its high overhead “Th: most striking feature or requirements than it has been hm“. pmmcptinns is the closei'lll “19 935‘. link \l'l’lll'll has developed be.j "Nevertheless in the light. of‘ huge” Charm.“ banks and mm ‘ recent tendencies. a probiem i “mm...” i might develop. . . . If our pro- Atinizlzillaxrs COMMON 1905315 are adopted the banks

e arrangements involv-

ENDESUN lIllliMllll SALE chuu nu. SATURDAY 5.00 PM.

Iv; other financial institutions ‘ AIR (e by no means uncommonz. CONDITIONING Tn-virance companies. sales ii: Sale! and semi"

with» companies. mutual funds Domestic and Commndal and to a limited extent. li‘l\‘CSl~‘ ’ '

nicnt dcalcrs. may he associq storey Electrlc

gsni with each other or with ma] 4.73“ Day or Ni" 5

banks or trust it o m p a pie hrolluh common but not mu» ii’i'lv - exchisive directors." There may be ties through io- W'slment, as well.

Biore I H

‘

i I I i l i t

Never ave We a “Wild”

we no rcasnn for concern.

But if there is a danger. "it “om. dGCOV‘tmg Ls ‘hal continuation of the pres-i _ ‘ [Ant 't‘end might lead to undue‘ is easy With ‘ t «incontration and thus to re-‘. t S _ S "cc compet'tion in the finan-. . - ii system." pI'C'pa$..d ' '

"The banks are already large 3 ind lhe trust companies col-l krilI'Ply are the banks‘ most

Happy Customers Have Shopped and Saved 10 to 60%

3" highly concentrated. With 0 ﬁrms doing about 90 per cent

‘ the ilsiness covere y the. . r V “‘5‘ we“ 3”" FREE $25 GIFT CERTIFICATE EVERY DAY CHOOSE FROM OUR

right this trend had softened r E “1 l .Woodland Ava.

PANTS 3525152015.. 8" I IS

and rapid growth by You’ll get the hang of it. fast! 'mller ones. Similarly. con- . ONE 0 (it)!an by Towne Hail and Fashion 0 E m . 1 O Imported British Worstedn New spring styles including the

. Sixth?“ “Wight-EX: Moore & McLeod Ltd- _' .0 slimmer natural shoulder look TERYLEN ES 0

CHARLOTTETOWN _ 0 Shorts. regulars. falls. sizes for men . Pleated and slim styles in Wide selection of and young menf mm 34 to 50. colours '

ie 10 largest of those 9‘5 com- . Si” 28 '0 54 REG. TC 89.00 STOCK 0 S A V E $ To $7.50 ‘ SAVE TO 4.00

anies reeisiered at the end of SPORT SHIRTS « Regular 13.95 to 16.95 1 NOW

ess i Three of them had two-thirds?

Employment Opportunities

SL’PERINTENDENT 0F LANGUAGE TRAINING. university graduate with extensive second language teaching experience; sound knowledge of French and adequate English. Transport. Ottawa. Up to $11,800. Circular 64-203.

MECHANICAL EQUIPMENT MAINTENANCE ENGINEER. experienced at a senior hotel. to develop standards for op- eration and maintenance of building services mechanical equipment. Transport. Ottawa, Up to 310.700. Circular 64- 1"“

lVIlL’S’I‘RIAL SYSTEMS ENGINEER. for data analysis. economic evaluation. space and equipment detenninatlon. plittlninz and layout. Post Office Department. Ottawa. Up to S‘ituio. Competition 63-1210.

‘lll-‘I'IIANICAI. ENGINEER. for mechanical services designi imluding heating. ventilation. air conditioning. refrigeration.’ plumbing and fire protection. Transport. Ottawa. Up to $9600. . i nnipctition 64-1201A. ‘ llIISlGN ENGINEER. mechanical engineer to advise and 35-. his! to planning. design and preventative maintenance pro. L'rnms involving electrical-mechanical aspects of complex en-l l‘ironmcntal control and building services in research facill-l tie~_ Forestry. Ottawa. Up to $8640. Competition M-lmIC. MECHANICAL ENGINEER. to serve. an an adviser in thei hunting field and conduct related studies. National Defence— riirmy. Ottawa. Up to $8640. Conit‘peltiglison 64.120113.

081 had 90 per cent of the busi- m‘” $ All kinds and colours 10.95 to 14.95 Resu er 0 -9- NOW

I l 6 5 2 Reg. 549 a. 559 Reg. 559 to $75 . now now 2 for $5.00 $3 5 $ 5 Stanfield‘l 4

SOX ‘- sums 8‘ Tops WM... Nylon! mi Reg. 569 to 85 Reg. $79 to $95 '-

FENIOR ADMINISTRATIVE 0 I RS, with extensive ex-

ec and comprehensive knowledge of administrative nmctices: to direct and co-ordinate ﬁnancial. personnel, pur- rhasing. stores and ofﬁce services functions. Public Works. “iiitehorse. Y. 'I‘. and Fort Churchill. Man. 3831049750 plus northern allowance. Competition 64-264.

lASGIS'I‘ANT SENIOR PLACEMENT OFFICER. to assist in the / pcration of the Indian Placement Program. University; aduate with five years‘ related experic'noe, Citizenship and; mmigration. Ottawa. 57050-39150. Competition 64-752. t \iiSlSTAN'I‘ SUPERVISOR — WILDLIFE AND FISHERIES QEFTION. to assist in promoting the development of wildlife.

fish and wild crop resources: “Wen years of related exper- 8 Rﬁuwﬁ‘n‘amy . $230)} mm: ‘7“ -> ‘ lcnce or university graduation and five years‘ experience. ‘ . R" “5 ' ‘ ' . v Citizenship and Immigration. Ottawa. “950-30150. Competi- c ' 4 prs. 3.00 s s . llon 64-754. - Assls'rAN'r MINING msescron. Mining. Electrical or Civil . Mun. mu cut “a young men'l c c I"thinner to assist in claims and safety Inspections. and dust ' Q ..

control surveys. Northern Affairs and National Resources. .i.‘

Whitehorse. Y. 1'. Up to $7320 pins nortth allowances. r'impetition 64-125L

“‘GNOMIF DEVELOPMENT OFFICER. in be responsible for. he Indian Relocation and Placttment program In Saskatche-i “Tm and develop projects for the utilization by Indians of marketable natural resources: seven years' related t'xperiepce or university graduation and five years’ experience. Citizen- Ellipsaand Immigration, Saskatoon. moo-33220. competition

. 2:72;. 4.49 M V. IG BUYS incur BOYS SORE-

’ ‘ DOYS' BOYS’ Boysi i. " - NtEW JUST ARRIVED SPORT g

COATS New Spring "HUSH PUPPIES” molar m Em SM and SLACKS JACKETS

8-99 0% on 20% OFF 20% OFF ‘ " ...;,'j -- 3

. Our but casual Ibo. TAM-O-SHANTER m ENDERSUN i EUDMﬂR Entire Stock

Reg. to 4.00

SENIOR MARKETING OFFICER. to develop marketing [to- ii'mms for unusual craft and food item! and other northern faint». undertake market research. promotion. distribution. Northern Affairs and National Resources. Ottawa. “ZN-mat lircular iii-MR.

DIONOMIC PROGRAM OFFICERS—FISHERIES. WILD- LIFE. PLACEMENT. to place Indians in employment sud "le Projects for the utilization by Indiduns of marketable Itural resources; seven yem‘ related experience or uni- versity graduotion and five yem' experience. Cltlunlhb gut immigration. various cents-es. 36750-87470. Competition

f .

* a

131. STATISTICAL orricnn. to uupervhe die collttctlon at statin- . teal information reg-ruin: training prmams: high who“ “Hate with at least six years' experience in collection. "mhllotion and analysis of statistical dltn. Labour. (ﬂown.

. _ 5 further dt'tails and application form write IMMEDIATE-

I to crvu, 8E MMBSIO r CANADA. O'I'I'AtWA

‘ rote. m“ °° . «Inf...- u. WHERE UALITY l8 SURE ‘3"I.ibla .t pi... mm. 0,. mt" centres, Notion-i minim» AM ‘ em Offices ml Civil sonic. Comniulol Offlou. new I 0 I “0 Cosmonaut at Circuit number as indicated. .