Home Building industry

Can Count On Bank Loans

A-,1 x'l'llii.iL ICPI - Canada's y - stumping house-build in . iii istry can count on govern- .1v;ni-'.).-icked housing loans from cli'i1'll.'I'f'tI banks again this year. 11 ll as announced Thursday. but a rcrhiccd amount is anticipated.

The chortcred banks Thursday agreed at a meeting with Gov- u-nir James Coyne of the Bank in Camila to continue govern- ul'.'nl - insured housing loans and disciisscii fIvllliI.'IfCII with s23s.ooo.ooo last 3- ;.;-nnrt of that carried ever hurt iiJ3-7. Tlwn hunks also took under ad- I'lwt"lll ni Iii". Coyne's proposals m.-nirint: the channelling of chart- ercd ii.-ink savings-deposit assets iiiio inxurcil mortgages and simi- lar l(iIl"l”l'lII iiivertments but said "no cziily i-onclusions can be ex- pm-trti.” Thu iuccling was held at the Rink oi t'auada Building. Presl- dmx F. W. Nicks of the Canadian Iliiikcias Association followed it min .1 statement.

llt:'.ZLlrrilllE housing loans. he s:lltl the central bank promised

wrsiriiii

a target of SI50.000.0tI).i

that "sufficient new money would be made available to the banking system to permit national hous- ilng act loans to the talent of i8l50.000.000 to he made." thus en-

suring that the money "would nofw

come out of funds available for other banking operations." UNITS DOWN

I This assurance should allow a "reasonable number" of mortgage Loans this year.

tin an Ottawa statement the

.Zlark of Canada said 1957 ap proved housing loans should cover about l5.000 units compared with 16000 in 1956.)

Bank participation in the I957 ;mortgage loan program "does not iimply concurrence with any long-

run suggestions which might in- volve fundamental changes in the banking system." the CBA said.

This referred to Mr. Coynt-'a

proposals to swing chartered bank savings deposits into the longterm investment field, helping assure more money for mortgages at a time when other developments in Canada's booming , were lcompeting for available capital.

GUARDIAN

3 QUANTITY or LARGE oak punclicous on hand. Apply Wad- dt-ll Bi'os.. Crapaud.

RAYNIOND Grant. optometrist uill be in his Tignish office Sat- urday. March 16th.

KEEP YOUR RED CROSS lil'liilLZ. Make your contribution a SIPIIIIFIIIIS Ull('.

lli:Il)IIQl'E RINK tonight, Fri- duy skating 8-l0. School skate this afternoon 2:30-4:30.

('A.ViPBELL and Burns Chick hZiit'llL'l”;' now open. a special breed for evcry nccil. Dial 337 Summer- side.

TONIGIIT AT 8.00 hear Mrs. B. W. Dcsltoches. Provincial Pres- ident C.W.L. on lied Cross Broad- cnst ovcr C.F.C.Y.

NORTII TRYON. Presbyterian rhurcii, Seri'irt- for March 17th, It 4 in. Church School 12.15. Miss 'llaiy A. lllacKen7.ie. Deaconess.

CARD PARTY Legion Home, Kciislnuton. Friday. March 15th. (loud prizes chicken door prize. Spoil-oi'cti l.ndics' Auxiliary.

NIAIIGATE PASTORAL Charge. of the United Church of Canada. Sumiay, Long River ll am., New London 3 p.m., Margate 7.30 p.m.

Al.RF.RTON parish Hall. Mon- filly xliiri-ii 18. St Patrick's play at it iJ.I1I. Matinee Saturday March 10. Tickets on sale at C.R. Leard'I.

FREE CHURCH OF Scotland. Services Sabbath lilerch l7fh. (lipc Traverse ll a.m.. Desable 730 pm. Rev. John Morrison. llinistcr.

MINSIIALI. ORGAN - Recon- ditioned Minshall Electric organ, luiiutiliil tone, suitable for home or church. Special price. C.J. Gal- lant llowlan, Phone R40-31.

N 0 R T H BEDEQUE United Church services for Sunday, Mar. l7tii Freetown ll a.m.. Travellers Itcst 2.30 p.m. North ” d 7.3)

KENSINGTON rink Friday. ate cond game North Shore semi-finals Indian River vs. New Annan. Game time 8:30 Skate alter.

BORDEN rink tonight. Tryon Arrow Sisters vs. Borden National Sisters second game in Prince County playoffs. Game time 8:30.

THE CENTRAL Bedeque United Baptist Church. service. Sunday 11 a.m. Rev. Chas A. Britten. D. D. Minister.

PARISH of Alberton March 17th 9:00 Holy Communion. 0'Leary 11:00 Holy Communion. Alberton Rev. M..I. Findlay. priest in charge parish of Alberton.

STATION WAGON leaving Surn- merside bus terminal for Char- lottetown via Kensington daily at 9:30 and 3:15. Leaving terminal for Somme aid: at It and 4:30.

BEDEQUE Pastoral Charge. The United Church of Canada. Rev. G.A. Cowper-Smith. Minister, Ser- vices on Sunday. March l7: Bed- equc. ll a.m.; Borden. 3 p.m. Al- bany. 7.30 p.m.

MONTROSE Pastoral Charge. United Church of Canada. Sunday March 17: Mlminegash 11 a. in. Montrose 3 p.m. Elmsdale 1 pm. Sunday School at ususal times Rev. N.R. Green. minister.

CRAPAUD rink tonight. school hockey, Board of Trade League. 7 p.m., Crapaud vs. Tryon. 8 p.m., Albany Village vs. Cape Traverse.

Thursday's meeting was

banking system.

School Visits

Continued from page I have the Act governing

roguing. OUT-OF-TOWN CENTRES

he saw with facilities here. William

members should visit other

to pay one visit to the Eastern

districts as Sourls and Morell. and to the Western part for Summer- side. O'Leary and possibly Tignish.

first meetings to hear presen- tations. on Monday evening at 7:30 and the second on Wednesday

termed iprofcssional' educationals would be invited to present their views in order to get the

group or organization. or individu- al. may be heard by the Com- mittee at such meetings as will be announced in the Press.

BRIEFS INVITED Those organizations which pre-

asking for a Royal Commission to investigate education will be in- vited to attend hearings and sub- mit briefs. The Committee stated they would prefer to receive writ- ten briefs in order to ease the Slenofifaphic burden. but regard less of this all those wishing to appear will be heard. So far as possible all sessions of the Com- mittee hearings will be held in the Legislative Chamber.

Members of the Select Standing Committee are chairman Frederic A- I-"Sc. Q.C.. First Queens; Harold Smith. Fourth Queens;

Douglas; Second Kings; William Acorn. I-irst Kings; Prosper Arsen. ault. First Prince; Dr. L.G. Dewar. Seclllld Prince: Leo Rossiter. Sec- Omi Kings: and J. Alexander Mac- Isaac, Fifth Queens. Premier Ma- theson and Hon. Keir Clark. Min- ister of Education. are ex omclo members.

9 p.m., Augustine Cove vs. Long Creek. Adm., I5 cents for all school children. Adults. 35.

PRESBYTERIAN CHURCH In Canada. New London Pastoral Charge. Divine services for Sun- day. March 17. as follows: 11 a.m. Long River. 2.30 Geddle Memorial 7.30.. St. John's New London. lets give thanks unto God for all his mercies and blessings. Rev. L. D. Bartlett, B.A.,.B .D...

Rcv. S. G. Walls. Minister.

O'Ll-ZARY PASTORAL Charge. The United Church of Canada. ser- vice of Divine Worship for Sun- day l'iiarch.I7. West Devon 9.!) Bloomfield ll a.m.. Brae. 2.30 p. m: 0'l.cary. 7.30 p.m. Rev. .1. licbcr Kean. Minister.

KENSINGTON UNITED Church Sunday March 17th. church school 2-50 morning worship 11 o'clock. Lrcning worship 7.30. Male choir. Snmmcrficld service 2.3) p, m, ilcv. Lewis M. Murray, B,A,, B. D. Minister.

0'LEARY UNITED B a p t I at Church. C. W. Howlett. B.A., 3,1), Minister. Sunday March I7, 1907. Springfield west it a.m.. Knuta. 0'0 7-30 n.m.. Young Peoples and Bible Class as usual. Everyone welcome.

W WINSI.0Eg PASTORAL Charge. ylw United (liiirch of Canada. Set. Ws for Sunday. March 17, 1; am. Winsloe North. 3 pm. win. I'll" 30l"l1,- 6-45 p.m. Hlghfleld. ll ii iii. Princt-town Road.

l” W E A. Betta. Minister.

'Tl(ll. PRESBYTERIAN Church G nnada. Services for Sunday. 'V?"h ”- K0ll5l"tIton Sunday :l l'"'l 10 a.m. Divine service II I In ii-cclown 2 p.m.. Keir Mem- "WI -llRlP'-Ville. 7 p.m., A cordial Ielmunc to all. Rev. E. H. Bell. -llA.. B.TH,. B.D.. Minister.

.....

Pgieisional Cards

Chartered Accounla M:

T. Earle Hickey I 00. Canadian Bank of Colnuia

Bnlldta 9-nmersiao. r. n I Plane 3

Coleman Store Damaged By Fire

The 0'Leary Fire Dept. was successful in extinguishing a stub born fire at MacKay's general store in Coleman about six o'clock last evening. Over 500 gallons of water was poured on the fire which was canlred in the attic of the store. before it was brought under control.

Water and smoke damage was heavy to most of the stock in the large building.

The blaze was thought to have originated from the chimne .

The store is operllled by Brad MacKay and his son. Neil Macltay

O'Leory Church Hus World Day Of Prayer

The World Day of prayer Ser- vice was held In the United Church on Friday Afternoon. Feb 8. Women of the three congregations were present. Mrs. Donald Mae- Kensie presided. Meeting open- ed with silent prayer. Call to wor- ship repeated in unison by all pre- sent. Minutes of the last World Day of Prayer was read by Mrs Dan Smallman.

Mrs. Douglas Adams was up pointed secretary for the coming year. A vote of thanks was extend- ed to Mrs. lmallman who has been secretary for some years. World's day of Prayer will be held in the New Baptist Church r toss. scripture was rs. Cecil Dennis, fob

by Ivan Webb. followed by a "when I survey the wand- reaa Cross" Radio by Mrs.

Ottawa Prepared

Continued from page 1

sold at cost to provincial elec- trical systems. Plants and other

facilities built under this program. could be acquired by the prov-l

inccs at any time on payment of their amortized cost.

Thermal plants are coal. gas or oil-burning installations which produce steam to drive turbines hooked to electric generators. An atomic power plant also is a t h e r in a 1 installation. Thermal plants are built in areas which lack water resources to turn tur- bines and generators.

"The relatively high cost of electric power in the Atlantic re- gion as a whole will continue to receive careful study." Mr. Har- ris said.

Development of the Atlantic re- gion had been proceeding "at a gratifying rate in recent years" but all Canadians wouuld like to see It accelerated further.

"In the view If the government we now should undertake a fresh and comprehensive examination of the entire transportation situa- tion of the Atlantic provinces In order to determine what changes could contribute towards the eco- nomic welfare of the region.

"Among other questions. we should consider how best to sup- plement or improve some of the present means of transport in or- der to improve the transportation system' generally. in this way it might be possible for the Atlantic region to getimore value from the present level of federal ex- pelrdituraa in this field and from any Increased funds that might become available."

Claims Morilimos

Continued from page 1 Newfoundland alone would Sllnll to benefit by 810000.000 while lllc three Maritime Provinces together would benefit by 814,000,000 and Prince Edward Island alone In close to a million."

Another matter which . Acorn thought the Federal Gover- nment could well take under con- sideration was the development of cheap power. He said there I'll little water power on the all

locali House rules amended or even, when the present session ended. simply adjourn instead of pro-1

1

Mr. Large said he was speaking . only as a member. not as chair-l man, when he thought the Com-l mittee should make at least three visits in different parts of thel Province to see the physical as-' pects of the schools. He said he had had the opportunity of visiting: regional high schools on the main-. land and wished to compare what;

Acorn, lst Kings. agreed that the places and it was finally decided:

part of the Province. to cover such .

inquiry under way. Thereafter anyl

viously waited on the Government:

Morley Bell, Fifth Prince; llarvcyl

", I Attention was called to the need

I-... garded as the first of a series onl the proposed changes In the fund- amental nature of the Canadian

! I

It was also decided to hold the '

HIS PROBLEM TOO

l-told the photographer who tookl cameraman to keep his appoint-

morning at l0:00 a.m. For those. first meetings what the Committee

Finance Minister Harris, who ,told Canadians Thursday night what they will pay next year in income taxes-among other things

this pre-budget shot that he waal working on his own inconie-tax statement while waiting for the

IIIQIIL

(CP Wirephoto)

said would be increased by 200-300 fishermen who would be coming under unemployment insurance l this year.

He cited an instance of a youngl wvonian who had been working inl one of the fish plants who notiiledl the Charlottetown Unemployment Insurance office that she was leav- I ing her job to be married. After a two wock honeymoon she return- i ed to work but this past fall when 1 she applied for insurance benefltsl she was declared ineligible. He said the stamps she had accumul-l atcd before her niarrlage were not counted to her credit.

Mr. Acorn claimed that the per- son in question would in all possib- I ility been advised differently had. there been a local office to which i she could have gone.

CUSTOMS OFFICE

The Sourls mcmber also stressed I the need for a customs o.'fim atl Sourls. "We have more shipping. from Sourls in a week than Mon- tague had in a year." he contln-1 ucd, "there were more titan 30, sh1'ps left Sourls for foreign coun-I tries as well as the dragger fleet." lie said space was being provided 1 in the Federal Building for an Un-.

me-Tm... employment Insurance and Cus-l

toms office.

I ic clziinied the dragger captains could save 1.3 cents per gallon on fuel oil if a Customs Officer were lpresent to supervise the refueling of ships. Over the year. he said lthls would result in a savings of about 33.000 to the boat captains.

Referring to the quality of East

Kings products, Mr. Acorn noted

.that Mr. Sylv-ester MacAulay aft- er winning the world champion- ship for seed in 1955 came back to win the world championship for tablcstock potatoes. "He should be commended for this splendid ad- vertising he has given the Prov- ince." said Mr. Acorn.

He also noted the accompl' H ment of Arthur Dixon in winning

.the Maritime Potato Crown

iwhere, At Amherst, 60-70 per cent

lof the potato prize money went to First Kings farmers. The accom- lplishment of the Dixon brothers and the Coffin Brothers in taking top honours at the Provincial Hab vest Exhibition was: also brought lto the attention of the House by liilr. Acorn. "When it comes to

l growing potatoes. you have to take off your hats to Eastern Kings," he added.

SNOW REMOVAL

l Mr. Acorn while congratulating the Minister of Highways for his road program had some criticism

4. for the Department's snow remov-

ial program. He said the area suf-

. fercd great inconvenience this win-

iter because of inadequate ma-

lchinery. He claimed that on tho lprevlaus year they had a good

.worklng machine but it had been

3 talvsn away and a broken down ob-

iaolete machine replaced it.

t He recalled that this machine had been sent to Charlottetown for repairs (II two occasions and came

iback in worse shape than before

lit left. "Perhaps I should not blame it on the Minister but ra- ther on the Government Garage or more correctly on the supervi- sion that the work was given while the machine was undergoing re- lpalrs." said Mr. Acorn.

lie asked that during the com- ing summer heavy pavement be laid between Sourls and Elmira. He said there were six miles of yltght pavement on this stretch

-which was proving to be verv Ull- satlafactory. The people did not want any of the light pave- ment but aated it be used la

base for the heavier road.

electrification in Ill!

NW lW""'- '5" '0 ll? "fl but with the advancement in l INSURANCE l::?gi'lrIen by Mrs 'rl'.'t.."ii.'1". ”m”"1f,I","',,',','j'i,:,?j';';f'f. Bear River, BS?nri:"L'iti:u'lId::ll E-E. EIIH I Col Ulfld H2: took as per topic " ". mug: m fm: pmgnm. and st. Margarets. These areas Fire - Ada - casualty message was very inspIratIon- M I ma," 0, k...ping Mary. K are all good farming districts. he Isllmmn SL 8' ll 3'” 1 W - A 'R'7h"''' "'9 time capital within the Maritimfs. mg 593993 99”” , :3 "'3 "' '1 slmkffc Mr. Acorn advocated the III - ;2P;f,m',l"',' -?.:".”nl.'J'-i."-tit"-?."'.' -':.t'.:2 :'.".:.t:l:r..";:d:.r:::.. '.i:::1 lad offaed ood M355-7 :....r.'."z'.:.:'. .. .. ...::.':. ":"m".:.:t.:.:"::.;.:'.:::t::.:' ..lSu99-sh lore" I m Gunman omcl 'r”'...'il,' 3.i'.i'InIE' .'.'ln."Ii?,".;'3Sl c""i,'-9 ”?.n'.” ”'"”'"." -""' Cw"---4 mm W i " 3l- '0' as. by sin Waldo nntln. mr UNEMPLOYMENT INSURANCE the hm ma elk”, ,,,,,,..-- B. F. altar. 3.0. l''”'' "I ",f",.,, f:'iL.,',.';'.':,':'...'.' ing from the report of a '."""''d'' P ' I 7”” .' froul Pfgran and was the lack of an survey made by Rending Univ?!" saiu.i.iums IUILDINO '” I out the world. by In. Wflfud unemployment Insurance office in guy, zuigna, the Experiments A 3. 3 Dennis. and aye-r for forgive the area. He said an office badlrmn chief told his hearers that ' Fun In" ne-. conseretatlonnndfaitmby beenreqnested afew years ado-lfarrnsoflololoo acres reoul ha, .11". I; 03' klra. Marshall Rayner. but the people were told they rmllt .50 per cent more capital CXP9"dl' tr. Irnlfatvlnlhwasorxnbavuso re II'l!eIIIJ7!dItor!.andfarnIsof7.'r-iooacres tornnuurviso.a;nn-raoa-vxgl--tlm -I-In-rout:-munnoai-rs-r 2"" ' il":uiiiannanu He said on at en. present "In "mi '.r..".'v- ran Parent ,n. ' hggpgntho werearonndhworb-said."IfpcosItefourherds tasllannaracftlalhdsnuyhgh nab aewellaaannadsupofieutnansevel lsuan.usooc.o.x.r.uu.-nuongur runauunnu.--anupuanatoa

ouoonr HIGHLIGHTS

OTTAWA (CPI-Highlights of the economic portion of Fi- nance Minister Harris' budget speech to Parliament: !

Canada's gross national pro- tiuction may rise to 531.250,- 000.000, compared with S29,- 900.000.000 in 1956.

Canadians need to save more in overcome inflation and re- duce the need of foreign sup- plies.

Inflationary forces may be- gin to moderate this year.

i Consumer" prices may show some further rise as a result l of the 1956 boost in wagcspl freight rates and material costs.

Prolonged continuation of rec- ord 1956 foreign trade deficit of 51.400.000.000 could cause "real l problems" for Canada. '

Canadians achieved "signifi- cant improvement in real earn- ings in I956. Average farm in- come this year may reach record.

g:::.?L.mm...E..:

was not "an economic unit."

Continuing his observations on the livestock industry in this area. the speaker stated that while one- half million calves had received vaccination in Canada last year. only I64 had been so treated in P. E.I.. and added this warning: "You cannot sell a pure bred ani- mal ln the U.S. or any other part of Canada. that has not been vac- cinated ln calfhood."

"Simplified or loose housing for cattle is not developing fast enough in this Province." Mr. Parent sta- ted, noting that at the experiment- al farm they were housing 69 young cattle and dry cows in a loose-type barn measuring 100 X 39. where they were growing bet- ter with much less work.

SOME LITTLE THINGS

Some of the "numerous little things" that affect profit were en- umerated by Mr. Parent including: choice of crop varieties; liming; drainage; treating for smut; sow- ing clean seed; using straw; pre- serving manure, etc.

It was Mr. Parent's opinion that Island products could find an extensive market within the Mari- time area. "We in this area are deficient In all classes of food t'XcePl- apples. Potatoes. Ind blue- berries." he said. Other markets for Island products could be de- veloped to the South in the British West Indies. and overseas in Great Britain. Mr. Parent asse -

Following Mr. Parentts address an extensive question period de- veloped. with the present difficul- ty of obtaining credit for any pro- posed expansion the mnlndtbema of discussion.

Mr. R.B. MacLaren. junior cei-.

enlist at the Experimental suuionl

addressed the meeting on the new varieties of oats. barley and wheat that were becoming available to Island growers.

NEW OAT VARIETY

Mr. MacLaren had high praise for the quality and yield of Oarry oats-"better straw than Abeg- weft. . highly resistant to rust. . good yield. He did not think that another new variety "Rodney" was adaptable to the needs of Is- land growers as it was very susep- tlble to "aeptoria" - a disease which attacks the leaf and stem of the plant. He warned the farm- ers present not to judge new car. eal varieties on the basis of laiil years crop. since this was an ex- ceptional year for such crops.

Mr. Macbaren felt that "Char- lottetown-m" was still the barley for P.I-2.1.. noting that though some of the newer varieties yielded well. they still offered the usual diffi- culty of not threshing clean.

The federal official advised that more wheat should be grown. "If we can produce at least twenty five bushels to the acre. this is a I005 "W W INN." he said.

The meeting concluded with a general diacusslon on the relative

"a method of harvesting hay-bal-.r,

loose. or by forage harvester. led by the Llnmn Dewar. Roland , south- port advlaad furnace to hate the hay eaiiy-an too tbhtlr small

bales-stooklumaldleavetb-.'ro

forsomoti-o.IIr.CoIn toatllr.

Waugh. Willaot Vi Aim

Profltt disagreed. quoting "The best authority on hay". the dairy cow. Mr. Profitt stated that the cow says: "Make the hay first. Bale it. and then put it in". Se- veral others advocated the chop- ping method as being the fasted. and most economical.