Tight-Money Policy Has Its -Supporters, Opponents

B.V FORBES RHUDE

Ci'Ii.i',lltIfi Press Business Editor from now. even if the policy has current tigh-money policy been reversed in the mgmume,

Th has it. supporters and its critics.

in general. institutions which lend money favor the policy. and those who wish to borrow money wpose it.

Those favoring the policy say. in effect. that Canadians must face up to the fact that they are trying to do more than they are phy ically able to do.

In this situation. they add, a larger supply of money won't get more work done - it will just cause competition for materials and labor which will shoot prices

up.

They generally agree. however. that attempting to control activity through controlling the amount of money available. is a very deli- cate operation. TIMING MUST BE RIGHT

Its timing must be right. if it is continued for just the right length of time and if it does what its pt ponents believe it will do. it will spread current prosperous conditions over a longer period and lessen the chances of "boom" turning to "bust."

if his carried on too long it may. by too - much, discouragement of activity. help promote a "bust."

A major concern is that monav tary policy doesn't produce its full effects right away. The effects of

,today's policy turns up month.

Those favoring the lie con. cede that it is I "bird men!" destined to benefit the economy as a whole. but which Pljabably work individual hard- ships. They argue. however, that the "blunt instrument" is neces- sary and that, if possible. individ. ual hardships be softened by spe- cial considerations.

Those opposing the policy ggy its "blunt-instrument” effects are too sweeping and that too little consideration is given to cases of particular hardships.

They say it favors larger cor- porations or projects which are better able to borrow money -- even under difficult conditions- than are smaller firms.

it hurts, they add, the small businessman who. to operate in today's competitive conditions, and to meet the commitments which he has built up in the pros- perous conditions of recent years. must have a considerable credit behind him for normal operation and expansion.

VIEW IN MARITIMES

The Atlantic provinces - argu- ing that they have been late in sharing in the Canadian boom-- say that many needed an ansions have been cut off or slowed down Just as they were getting U(IdCI'

way. Other critfcn any the policy. rather than combntting inflation, encourage: it. They font that the policy and its accompanying high- interest rate; are building high- c o n t I into , projects which will have an Inflationary of- fect for years to come. Addedtoaltithislothafactthat

the current inflationary tendency V. ,'

is hard to define.

The classical definition of infla- tloninthatitlsneauof"too much money chasing too low goods "

In i t . however. most

goods are in unpln supply-except I;

for certain construction materials and labor. SOME SMOOTIIING OUT

The inflation. nccurdinlly Item! to arise from the large capital or development projects.

To this the small businessman "Why punish me for

back; ”Where would you be with- out the prosperity we are creat- ing?"

Whether or not the "blunt in- strument" policy is the best in hard for the layman to know. If, however it is a good policy. per- haps more thought needs to be given to smoothing out its app'i- cations in individual cases or GIBBS.

EASTERN GUARDIAN

THIS is Scottish concert night

In New London

at Yeo's Theatre. Don't miss lt..

UNLOADING COAL at Poole and Thompson's. Get it vihile itl lasts. I

SOURIS BOARD of Trade nicel- ing Thursday February 7th at 8 pm. in the Town Hall. A full at- tendance in requested.

Youth Service Is Held In Montague

An impressive Christian Youth Service was held in Trinity United

Church. Montague. on Sunday eve- I9

ning. Merrill Wigginton. the Y. P-U. president. conducted the ser- vice. Duncan MacLeod read the scripture. Luke 2:40-52, and Dor- othy MacDonald lead in prayer. John Clarey and Beverly Mac- Lcod took up the offering.

The message was divided among four young people as follows: "And Jesus increased in wisdom and stature, and in favor with God and man". It stressed the need for fourfold development of our lives. based on the Life of Jesus.

Jimnw Johnston spoke on in- tellectual growth. "In Wisdom . Marcia MacDonald dealt with physical growth. "In Stature". with health and strength. David llloshcr on "Favor with God". the spiritual side of life. Judy Cud-y more on "Favor with Men". thel l0t'lll and friendly side of lile.i

Mr. l.G. Phillips sang the mini "The Ninety and Nine" and Trin- lty Choir. with Mrs. l..A.yJohn- lion as organist. sang the anthem "The Abiding Rock". The hymns were "Come. Let Us Sing of a wonderful Love". "Will Your Anchor Hold'.'". and "The Day Is Past and Over".

Rev. J.M. Fraiicr gave the hen- Idiction-

Minor Hockey Game: Hold At Georgetown

Two well-played and crowd pleasing minor hockey games were played in the Georgetown Rink on Friday night. In the first fixture the visiting Charlotte- town Bantam Canucks defeated the Georgetown Bantams by a 5-1 score. Peardon and Blanchard scored for the visitors in the open- ing stanza as the locals were held scoreless.

The second period was a score- loss affair. with neither team being able to penetrate the stonewall loaltcnding of the two hard-worm lnit not inders. In the final frame the via rs sank three counters on goals by Rice. Peardon and Whltlock. while C. Fitzgerald scored the Zone marker of the cvening for the Georgetown team.

The second game featured the efforts of the local Midgets. win lncidantly are riding high in Midget competition this season, andthovisiting Midgets mMon- iague. When the final hell brought to an end to hostilities the locals were on the winning side of n H acorn. Goal ldtera for the '

it :3 if

goals apiece and White with a single . A.C

I pressed for comment on the Our- don Cwnmiulon report, he felt his responsibility in this re VIII to the IAIIIIIIIIII Of the Pro-; lnggg may vince and would therefore uyi things which the Prime Minister nothing about it until that time.

Worship "it In our last hope and I believe that it is only throu a unit vinces t at we can make our claim: felti"

secretary of APEC Ipoka

By GRAHAM LOVELL Canadian Press Staff Writer LONDON fCPi -. Coffee bars,

London's answer to the Paris side- walk cafe. are changing in char- acter. There are more of them and they cater to many different types of people.

Four years ago, when they first burst upon the London scene in a blaze of un-English, Continental decor. the coffee bars were dimly- lit places furnished in the contem- porary manner and specializing in Italian coffee-an answer to the old complaint that tea was the only beverage Britain had to of-

r.

in a London used to the con- ventional cafes of Victoria's day. the new bars stood out. TRYING GIMMICKS

Since then, there have been var- iations on the basic idea. Coffee in the Continental style has a strong attraction. but the novelty is start- ing to wear off. Now the newer places are trying other gimmicks -special lighting, odd furnishings. more varied menus.

It's Music, Music, Music

Coffee Bars

But the biggest difference is in sound effects. it's music. music, music in the new houses. They re- tain the old feature of the cup of Cappu ' but the emphasis is on entertainment.

If the decor accents the West Indies. the music is in the calypso- idiom. The Spanish-type bars play Flamenco style. Many places -are content with just the wistful strains of a solitary guitar.

Perhaps the most popular is the skll'f'Ie group. This ensemble, com- posed of guitar. double - bass. drums and voice. plays anything from American folk songs to rock 'n' roll. with handclap ccompani- ment from enthusiastic audiences.

They are mostly dark little cel- lars in Hampstead. Soho or Chel- sea. and they're doing terrific bus- iness for as long as the fad lasts.

There is also greater attention to food.

An example is El Sombrero in Kensington. Here the menu in- cludes lobsters. scampi. plzia. hambu 5:13 and chili con carne.

ranks favorably with what he saw

APEC President

(Continued from page 1) cannot see why it should be con- sidered any sleight to anyone." he said.

CROSS SECTION ATTENDANCE About 140 Board of Trade mem- bers from all parts of the Island were present 'for the meeting which was attended by His Honor , Lieutenant Governor P r o w s e Premler Mathcson and members

of the Government; His Worship J.D. Stewart; Mayors of the var-

ious municipalities. President lot

the :1-ldeederation of Agriculture and no at of the Fisheries Feder- -

won. Dr. Funk Mncxhmon W” : to being an effective force which chairman and introduced the speaker. Mr. Earl Taylor. presi- dent of the Charlottetown of Trade ”

Boarrii

I. . the r . Sftelklns briefly at the dinner”

Premier Matheson said he was ex-i

trcmcly happy to no so many in

tcndlncc. ”APEC has a very

important plnca In this region and with the executive which it now has. things for i future." he said.

LEGISLATIVE I, MATTERS

. can predict great

Premier Malbuon said that ln' pita of the fact that he had beenl

gnrd

Mayor .11). Stewart welcomed

Uh

effort of all the Pro-

Mr. 0- Nelson Mann. exocudvn

personal appraisal of the organi- zation which he recently was chosen to lead. He declared that in 0 rd er to function properly. the APEC required the support of all within its sphere of influence, because economic expan- sion and development within the area mean "greater opportunity. larger markets. a higher standard of living. healthier industries and a more prosperous region-" Referrrlng to the origin of this movement, the APEC chief stated that the business men of the Atlan- tic Provinces had organized this group so that "men in finance. in- dustry. business. agriculture. labor and the professions. could bring in-

i

could do much to improve the

,overall economic picture."

BROAD OBECTIVES

The ' -' the Council- as requiring "'the broad regional outlook-to survey the region's re- sources-to tabuiate its possibili- ties-to assemble complete infor- mation of value to those planning to enter the region or those al- ready there." in this work Mr Rankin explained the Council is assisted by provincial commit- tees and sub-committees. working through their respective executive representatives.

He called for united and vigorous support of this utganizati . nurt- iug that by so doing these Prov- complish "than

.u.-

has declared should be done- 'take the initiative develop till ideas. generate the energies and give proof of the determination of this part of Canada to win a place in the economic picture equal to that of any other prov- ince! "

Like its counterPIl1 "10 N" England Council, the APEC organ- Iution has no authority but that of public opinion-no power but that of man and ideas. Mr. Rankin said. "If we live it our solid Gl- mugtnuc pupport-our fullut con- Mgn ---r moot energetic efforts. then I suggest the future to indeed bright-with promise."

i

do

TAK s

From Brighton To Souris For Burial

The death of Miss Minnie Lyons occurred at St. Elizabeth's Hos- pital, Brighton. Mass. on Tuesday. the 22nd January, 1957 after an illness of three months.

Miss Lyons was the daughter of the late Richard Lyons and Mary Grant of Souris River P.E.I. She was the last surviving member of her family and had resided in Brighton. Mass, for the past thirty-five years.

Her remains were conveyed to the Dingwell Funeral Home Souris, from where the funeral was held to St. Mary's Church where Requiem High Mass was celebrat- ed by Rt. Rev. Monsignor J.A. Murphy. Interment was in the Church Cemetery where kt-rvice was conducted by Rev. Edwin Steele.

John Malone, William Malone. Alcx Mnccormack. Chester O'Donnell. Charles MacDonald. John Grant.

Sudden Death Of

The pall bearers were lilcssrsf

,”.4 14!

OFFICE FOR FOURTH TERM

A declaration day at Montague. yesterday. Judge J .S Desllochcs

is seen swearing in Mayor Bruce liolmes Yeo. tlcftu who is ser-

l

PRINCE ALBERT. Siisk. ICPI in the 135.000-square-mllc wilder- ness of Northern Saskatchewan the airplane has become the sport fislit-rnian's ht-st fricnii.

it has made it possible for tho; angler to fish in waters where few; men have ever fished before.

The key to the door in this case Ls Saskatchewan Government Air- ways a modern-day version of the old bush-flying outfit of the 30's. it now is one of the largest and busiest air carriers operating in Northern Canada.

Much of the SGA's summer business comes from tourists and nutdoorsmt-n who want in fish the

funknown. . SGA set up as a iruvint-mlIy- owned and operated service in

August. 1947. and flew its first tourist fisherman north the same month Since then. northern sport fishing has boomed.

Last year. from its base at La Range. 170 miles north of here, the SGA flew more than 1.000 visi- ting anglers to points north.

Montague Woman

The sudden death yesterday of, Mrs. Fred Webster. Montague, came as a great shock to her! family and her friends. 1

She was visiting her son and

daughter-in-law. Mr. and Mrs. Bill.- Webster. Charlottetown. when she was suddenly stricken on Monday, She was rushed to the Prince Edward island Hospital where she passed away. Besides her narrowing husband she leaves to mourn two daughters Edith and Margaret: and two sons. William and Ted.

Nlorellnllilldge Reports Surplus

A surplus of 31591) was noted in the finance report submitted at the annual meeting of the Vil- lage of Morefl held last night with Mr. J.B. Jay presiding.

in their 1057 estimates the com- missioners budgeted for fl 3150 rurplui; with expected expendit- ires amounting to 3860- Till!

mount is allotted in smaller por- ions of S410 to street lighting. no to the fire department and S330 to miscellaneous improve- dents.

The new commissioner api.uiril- .d was James Blaxland. rrnlavml retiring commlssione Lewis M!!- Guiro.

NIXON TO ATTEND

WASHINGTON (AP Pres- ident Eisenhower has named Vice- Nixon as chief of a U.S. delegation to attend March 3-10 ceremonies m a r k in g Britain's grantf, of independence to the mid coast.

GREAT POSSIBILITIES Northern Saskatchewan's lakes

lare becoming known as the finest

inland sport - fishing waters in North America. There is plenty of new water."' and SGA offi- cials believe the potential as an anglcr's paradise is tremendous.

inn fscottyl Mat-Leod. manager of SGA, says the fishing possibili- ties are so great it will take sev- eml decades to even begin to uti- lize them fully-

Just to give you an idea of what i mean. take Jackflsh Lake. south of Lake Athabaska," says Scotty. tit really hasn't got a name, but the Indians call it Jack- fish because they've seen the big- gest lacks you ever heard of there."

To his knowledge. Jackflsh Lake has never seen a lure. he said.

Trapper Chris Thimscn of Stony Rapids, a two-hour DC-Ii night north from La Ronge. says he has caught 50-pound Lakers in Sclwyn Lake. Indians have found five- foot-long lacks tangled in their nets in Reindeer Lake.

The SGA says that the hiitucst new atcr arcs of all. with per- haps the largest possibilities. is

MONTAGUE RINK

Combination Moccasin Dance and Skate to the music of DON MESSER Tonight 8:30 to 11:00 pm. Admission 50 cents

maw DISCOVERY TAKES To WATER BETTER Tiiiui A DUCK

H0650 I-Oi!" ""'-I i"u"'?”nE.i" "' Russian loaders TIDE nlng Gcllloninainpmlcuin. .. F-' f To Visit inan -r-ynggigkgtrgumggniylllflilllallnd I. formed sing. county anew mmxramw igmwunrinmomgmmummg whea.laufutunuhrut:ingcn-hthcIariIhu."lIavnatwqn comet-thaiocnn rattucttaiphunlngnnulnu the Sourl:EutvIek!lUcarrloiiononIhiwduI."Io -.c:-.....-""...... .. ......... .......f .. new tllrtnaxa pm... ' C- HtlI'I.-Iefikllll Ind CIWVOHO market nronowlicbmljtwd ocorHfdloitrln.withPtibtlcoverg,..,....gg.)g.&,...... Ml! film "Y i” the -III: In -i.'m9uroM-unn- E-db-t' -uwndnonhnun. n nevi-no TI.-tuuienune ....n....u....n-n-...J"-11'-'u'c' -eugilnnm-cur w..." m. '::5 :--'-....-.;-.t':.!-t.-not '.--.-.....m M tins and tune or .1 &E..a .: an-unnatso at imrm'fansu.uuw'"”.:"..:'a::".'.-1,. augu- '';:-r...i .. t... '-3--'' -' - i'l.'.':”'..':.'."'tt.'..'”""' T "'- ma. - A ” .':.-.22.-2-........'--'i-o - '” anus. to F”. Raga muwnuunhnltlil

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akor 12 years of lilouu Ionenrcll.

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wait look into human nobnb wan fit it would

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Aircraft Have Become The Sport Fisherman's Best Friend

is -1:

lg;

ving his fourth term in office.

Lake .-lthahasku. in Snskalt-Ii(-- wan'.s northwest corner. Last year. this 3.000-square-mile lake yicldctl an ilti-pound lake from to a commercial fishci'mau's ncl.

Stop tossing and turning in those nights when a stuffed- up nose keeps you from fall- ing asleep. Use Vicks Va-tro-not Nose Drops! A few drops HP each side of your nose. 85 d1" rected. in package. find - - 4 Y9" nose opens in seconds. You can breathe again! Try It! Open UP your nose! Sleep again!

VICKS VA-TRO-NOI.

NOSE DROPS

When Stuff:

IKEEPS YOU AWAKE

. . . to in limited to the many thousands of IMPERIAL LIFE policyholders

AMONC VIII FIITUII5 OF THE REPORT FOE I955! Total payments to , ” yholdors and benefltloviet. .. . . . . .5 I6, 185.995

Very little Destruction Is Seen By Canadians In Egypt

dian. if i can't hold out here I don't know what to do. After all. this is my home town and my

By JACK BRAYLEY Canadian Press Staff Writer PORT SAID, Egypt icing;

The Guardian Page 5

Wednesday. Feb. 6. 1957 which is I-QN

Hgbuainau hart. Air-uuyitauiiganplorerof cntiercsfood .-teve-

dares.va.rlounkindsnflabor.tran- nnortatinnnndltltcnlture.

Newly-arriving Canadians for that life."

United Nations Emergency Force;

in Egypt saw little in the way of

Authorities have little d0lll)I that,

the tangle of shipping in the StiEZl

Canal was the defensive work of Egyptians. There was no conclu- sive sign of aerial bombing or shelling that would indicate. Anglo- French action caused it.

The bridges down in the canal were sliced clean at each end, plainly the work of Egyptian ile- molition crews in the opinion of salvage experts here.

TARGETS MARKED

You can see where a slum fringe shell or bomb marks in the area of shacks burned but there are few of more siibstantiai buildings.

A businessman of international birth told A) group of Canadinnsi about his own experience. He went in his home and reniiiiiitd there Cllll'll'il.' the invasion opera- tions. "0 was nervous because he had been through troubles before.

He remained indoors 24 hours until he heard the voices of a couple of Tommles moving up the street. He went out and inspected the damage.

"it was obvious that the British had all their targets marked and they didn't hit anything else it was precision bombing you read about and it didn't lap over into

anything beyond the prim- mili- tary objectivesfi . "Please don't use my I'l.ill1t-Ii

tIimll.!ll I doubt if that will do any good Alrcady they've taken over my place of business and its be- lug run by a government custo-

d Up Nose

, . fol red tape. inspections and. 3f5i.'.2”'J?"..”J:1””J.i'iZ.”?i5'.?lf.?2ilT bl?” ”'"3,,F"” "".';::,g.:'.':.te";1';z re t'o tw

dc Lesseps and the broken monu- 81 M an meat of the Anzac forces--all 'ho result of Egyptian mob hate alter' the departure of the Anitio-Frenchl forces.

Egyptians. by the people of this sub-standard 11113.

country that their marginal exis- tence could be improved by UN.

lalleys they dwell -

UNIIPLOYIENT PEAKED

SULHONA. Italy (Reuters)- Police manned roadblocks out- side Sulmonn Monday following riot: over a proposal to clone the local military hendilllarteru. The inhabitants of poverty- stricken Sulmonn fear increased ununpioymeat.

Canadians watched the relaxing road

And many saw the realization

TODAY ONLY - CAPITOL

.H5 .5 THE

qf '.'tARr(ABLE

5-DRY OF x LlLL.lAN

RuTH"

(ADULT) FEATURE STARTS AT 3:30-'7-9 COME EARLY

Prices this engagement: Mat. 25 and 50 - Eve. mt-

Coming: - THURSDAY - ONLY

Tlicy call this the edge of Hell - - - a human jungle in the heart of the Naked City! - - - Here in n half-world of shadows and back - - thief and derelict. beggar and faker. women of the shadows and the men who prey on them! - - - Motion picture drama stark with the realism of the sins and shadows. the crimes and passions, the hopes and hunger that hide behind locked doors and darkened windows - - - EDGE OF HELL - - - its silent streets ruled by the man they call Mr. Valentine - - - the relentless drama touch- ing everyone with violence and hate and bitter laughter!