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Wellece Ward Managing Editor

““ PAGE 4

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FRIDAY. MAY 21, 1965.

Liquor Store Issue

The row raised over the proposal

to build a new Summerside liquor: store in an area adjacent to a region- al high school_falls into the category.

of things that could have been an-

ticipated by anyone witha modicum

of political horse sense We shall

not go into this phase of the contro-

versy. nor is there need now that the”

Liquor Control Board has ordered a halt in the construction of the new.

store following a meeting yesterday

aon

-between the commission and h+i-g h school ratepayers. This will give op-'

portunity to review the situation and assess the suitability of other pdssible sites for the store.

Meanwhile it would appear that there has been some uncertainty.

even in- governmental quarters..as to...

who is really responsible in matters of this kind. Health Minister MacNeill. who was present at a meet-

ing of ratepayers from the 20 districts —

in the high school region. was re- ported as expressing his confidgnce: that an--audience could be arranged

with Premier Shaw on the stibject-~

The Premier himself was reported as saying he could not see the delega- tion “immediately.” but later an nounced that the matter was out of his hands and that contact. would have to be made with the Liquor Con- trol Board chairman.

Under the Liquor Control Act of 1961, the commission was empower-

ed to determine the towns within, which vendors’ stores should be estab-_ .

lished. and the situation of the stores

in every such town. But perhaps not |

“enough attention was paid to amend- ments to the Act which were put through at the last legislative session, and which may have. strengthened the Premier's decision that the matter was outside his province.

These amending ‘provisions con- stituted the liquor commission as a body corporate. having the capacity to contract and to sue and be sued, and the authority to purchase. lease or otherwise acquire property of all kinds. real or personal. or any inter- est therein. “for the objects and pur- poses of the Act.” as well as to con- struct and maintain whatever build- ings. etc it required for its purposes.

This certainly vests the liquor commission with a great deal of au- thority... But there is a proviso here which we have not mentioned. Its

~ powers must be exercised. says-the

-Act. “with the approval of the Sine te nan t-Governor-in-Council.” This means. of course. the government of which the Premier is the chief min- ister ity where it belongs. on the adminis- tration and not on any body of com- missioners appointed thereby. It is well that this fact be kept in mind. against further possible misunder- standings.

‘Bank Interest Rates

, According to the Financial Times. ; a Montreal publication, the federal government's reasons for clinging to the 6 per cent ceiling on bank inter- ests are now emerging—ahd they are all political. At the last Liberal cau- cus before Easter. on April 14. back- benchers spoke out on the Bank Act. Without knowing what was in the bill. they told Mr. Gordon and other ministers that the 6 per cent ceiling must stay. If it were removed. they said. the government would be defeat- ed in the Commons. Moreover it would probably lose the ensuing elec- tion No one disagreed with this view. The Liberal backbenchers are now reported to be “very pleased” with the Bank Act revisions. The bank- ing and financial community is not. The 6 per cent limit is regarded as a discrifninative restriction jon on the ‘banks’ efforts to compete with near- banks for deposits. If they were able to Jend.at higher rates, say the banks. they could pay proportionately hizh- er rates on savings deposits and thus . more effectively.

It puts the final responsibil-

that ‘the cpbanks have not been very aggressive in meeting near-bank com- petition for deposits. “The probable effect on interest charges. if the lim-

it were removed. is still widely debat-

‘ed. But there is considerable agree- ment—and evidence—that the gener-

al level of interest rates would rise ©

verv little. if at all On short-term persona! loans the banks regularly sidestep the 6 per cent limit by adding a service or handling charge. This raises the ef- fective annual interest charge to * around 10 per cent. The legality of the practice has never been challeng- ed and the government is clearl¥ pre- pared to, permit it to continue. The banks have promoted person- x al loan services heavily in recent vears to.eapture a rising share of the persona! lean business. They claim that_their competitiveness has forced down the Petes charged bv sales fin- ance and consumer loan companies. But the added-charges method leaves ‘a limited amount of maunuevering

——room-—. Fhe—banks-say-if they—-were

free to set interest charges which fairly reflect msk and money costs, the spread between their rates and those of finance and loan companies would’ be narrowed: still further.

_ This, they argue. is especially true of term loans for business. Banks are often unable to lend to new

or developing bhsinesses because the

risk is not adequately covered at a

6 per cent lending rate. These firms |

are then forced to turn to other lend- ing sources, often at rates exceeding 10 to 12 per cent. The banks argue that thev could compete successfully in- this field-at-rates 2 to 3- per cent below that. and thus lower the cost of development funds for business.

Big Expansion Plans Many of our farm specialists in all parts of Canada have benefited from

University of Guelph and which is

holding its first convocation in its |

new role today. with.Hon. George Drew, former Canadian High Com- missioner to the United Kingdom, as its first chancellor. The present uni- versity consists of 33 buildings and

about 1.700 students. New plans, an- . nounced this week by the chairman of |

the board of governors, call for a $100 million expansion program,

which will mean an increase of 40 |

new buildings to handle an increas-

ed enrolment of 15,000 students ex- | pected by 1980. =

The university. which as a college |

was considered one of the finest agri- cultural schools in North America, will expand its facilities to include arts and sciences. but will still retain its long established interests in agri- culture and veterinary. medicine. 700 acres of land will be used for agricul- tural research.

It is recalled that when the school first opened in’ 1874—+he first of its kind in Canada—its ‘quarters were a

~ 10-room farmhouse and its students numbered 30. The changes now envisioned are in striking contrast indeed. One of the major problems confronting the planners of thé few university was to keep motor traffic in the central campus area at a min- imum. They made use of an exten- sivé battery of computers for this purpose, coming up with a design which calls for six peripheral park- ing lots to handle the expected 7,000 cars daily travelling into the univer-

sity, in addition to several smaller /

parking lots for the faculty and staff members. Yet. the planners insist. ' they have planned mainly a “pedes- ' trian university.” with the average student being able to walk anywhere on the 200-acre campus in less than 15 minutes.

Money for the expansion program, it is announced. will come from: fed- eral’ and provincial government grants and from public subscription campaigns. It @an be regarded. in one sense at least. as a gilt-edged in- vestment in Canada’s agricultural future. :

EDITORIAL NOTES

’ Spending on residential construc- tion in Canada this year has been estimated at $3 billion—$400 million

or 15 per cent more than last vear.

7 * es

We are reminded by a subscriber that it is time we reminded farmers and others of the need for destroying the plastic bag containers in which lime and fertilizer come, rather than

or yard, where children can play with them: They put them over, their heads and can be smothered to death in this manner. There haye

been. such cases reported. and we

j don t want them to happen here. } - j

training received at the Guelph Agri- | cultural College, which is now the |

BARBERSHOP QUARTET |

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the recognition of ‘the British eo ee sn

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= Tae ‘montagne has been acting -as if he were deliber: trying to

fireworks. ANOTHER TAX BURDEN Everything which State

OTTAWA REPORT By Patrick Nicholson ‘Centennial Commission Planning Rumpus _

Joha Fisher, alias. “Mr. Can- . weed” Seuve wants to get him |_ada"’, has long been fighting for out-of-the Cabinet. First. he-ran

as a candidate in the longtime stronghold of

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Training Fo Retirement

Lord” Chandos.’ the former Rt. man was allowed to dic in har-

mete = 3

(Frem The Guardian Files) .

Ont.. om August 12-17.

Borden has a new fire siren. .

Installation of the unit has just been completed and Mayor Wil- | lard MacNeill pushed the button ‘ sounding the first test alarm.

TEN YEARS AGO (May 21. 1955)

Mr tan MacDonald. B Se.

son of Mr and Mrs. LJ. Mae- .

Donald. Euston Street. geologist ; with the Son O11 Company. of . Calgary. is spending a brief

; ' wacation at home He leaves — leave them blowing around the barn

shortly for Brazil where his company is undertaking a three- year survey of oil resources for the Brazilian government.

Barbara Roberts has received

_ a diploma attesting to her succ-_

essful completion of studies at the Elizabeth Arden School of | Beauty and Fashion.

WASHINGTON «AP: Themas J

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~And-remember, Expo-will-only_;

for

asa “stay-away” from the oe oe Sees. E-Bay ariey, Liberal MP from Oak-

absent through illness. Jim is a | i 1

I re-' as

liament. that he “ill retire from public life at the mext election; meanwhile I. wish him a speedy recovery.

dene about it.

. W. D.

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@ higher-than-average cha ) this year alone in North America. ,

Corner Gi. George and Euston St.

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because of early de- and treatment. Latent late latent cases have de- — — every year since | when 251,958 cases were Zz

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. The government

ates there are 18,361 patients with neurosyphilis in state insti- | tutions-for-the-insane. These pa- | tients represent a -half-billion- — dollar liability.

cause many. diagnosed cases Mever are reported to public health authorities. This is true | of infectious syphilis because it is so easily treated. Another ‘problem centers about those | who overlook the symptoms of”

| early syphills and do nothing

into thé For Magdaten Islands —

until the disease passes latent stage. a PERFECT HEART BEAT | E. H. writes: Is asheart beat | of 60 serious?

No— perfect. It is better to have a slow pulse because the heart has a longer rest between

' beats. The old ticker also has

less work to do. A person with a Tate of 30, for example, has a heart that beats 1.200 more tim- | es an hour than it does at 60, or | 28,800 more contractions every 24 hours, etc ; | HAY FEVER

R. P. writes: Is hay fever a

serious condition? REPLY :

As a rule it is more annoying | than serious. But some sufferers — develop asthma. This is the

chief ‘reason why everything | possible must be done to control symptoms.

TODAY'S HEALTH HINT— If abdominal pain lasts longer than hour, consult a physician.

TEEN-AGE DRIVING CONTESTS

OR FOR REAL?

IVE’S ESSO SERVICE

IVES Charlottetown, P.E.1.

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Summer Schedule

Effective: May 17, 1965

ating we Leaves Charlottetown

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Eastern Provincial Airways

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For New Glasgow, Halifax, Sydney, Deer Lake, Gander, and St. John’s —

7:45 a.m. (Daily exe. Sun.) |

S00 a.m. & 1:15 p.m. (Daily exc. Sun-)

For

For Summerside & Moncton —

10:40 a.m. & 3:30 p.m. (Daily)

Moncton — 10:15 p.m. (Daily exc. Sun.)

AIRWAYS

DIAL 894-7361

\

EASTERN PROVINCIAL

- , Im an age of speed, today’s modern youngster faces problems never dreamed of by his Dad or Grandfather, say Junior Chamber of Commerce officials in the Atlantic Provinces. For example, he ---or she --- stands

of being one of 52,000 fatality statistics

But there is something that can be

Throughout Canada every year at this time, some 25,000 young drivers enter "Teen Age Safe Driving contests in hundteds of hamlets and towns. Local service clubs and a major oi! company, Imperial Oil! Limited, defray the cost of bringing the winners together for a provincial or regional “meet”. And the pay-off? Say company and club spokesmen, it all adds up to this: “Give the kids a fighting chance on our highways.”

TEEN-AGE SAFE DRIVING

- ROAD-E-0 CHAMPIONSHIP

CHARLOTTETOWN, MAY 22nd Confederation Centre Parking Lot -_* $2500 In Scholarships, Trophies & Prizes.

This Message Published by the Following Public Minded ESSO Dealers - - - - -

BELVEDERE ESSO SERVICE

4. FRED ROPER

4071

Sherweed

GRAFTON ST.

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ESSO SERVICE -

. LW. (RED) HOWATT

Charieticlown

SOUTHPORT ESSO SERVICE

441138

NORRIS SCOTT

Kowet h part

atiatet tee eeeanations:

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Sree aR aR RE AID ie: Beta et venting Aatte, Bte at ln: Mentha