instalment Finance Firms Reiect Criticism By Bank

TORONTO (CPI - Officials of large acceptance firms said Mon- day that they have made attempts to cooperate with the Bank of C a n a d a in cutting consumer spending.

They commented in interviews on criticism of instalment finance companies by governor James E. ttoyne of the Bank of Canada who suggested in his annual report the fcderal government might want to rnnsider imposing direct controls on the distribution of credit.

Officials said that following Ot- tawa meetings with Mr. Coyne last year. the large acceptance firms had tried to limit credit fl- nancing of goods such a scars. re- frigerators and other articles in

three ways: they tried to cut the

number of payments allowed the customer in 24 from 30: they re- quested larger down payments; and they examined the credit po sition of customers closely. However as the attempt was vol- untary. it was to some extent up to the idnividual dealer. Particu- larly, firms selling cars had been requested to follow the three-point program. SOME TERMS EXCEEDED Ross M. Wilmott. executive vice-president of the Traders Fi- nance Corp. a Canadian owned com any. said in the only pre- pared statement issued by the companies. his firm had more than met some terms it had been

CITY AND

IIEIITRAL

asked to meet voluntarily.

”When we were invited to me meeting at Ottawa last year. we promised cooperation with the Bank of Canada in order to maintain our retail receivables (amount of retail consumer trad- ing! at a figure no higher than the maximum between Sept. 30. 1955 and Sept. 30. 1956. Our retail receivables now are less than that maximum."

other compsniu said they would make a study of the Bank of Canada statements before is- suing statements. SMALL LOANS REPLY

J. A. Bray. public relations of- ficer for Household Finance. Inc.. said in an interview Mr. Coyna ttapparently referred to officials of acceptance firms called to a con- fcrencc last year and his criticism is not applicable to small loan companies."

Mr. Bray said a revision of the Small Loans Act in 1956 which came into effect at the start of

YOUR DOLLAR buys more at KNIGHTS of Columbus meeting llhis year would make small loan

the Hughes Drug Store.

WE TREAT the sick well. Gin- gi-y's Pharmacy. open 8 a.rn. to

tonight 815 Holy Name llall. Can-l adian Intercollegiate debating

champions special guests. .l

companies "more selective and almost eliminate loans between SL000 and SL500."

He said loan companies such as

WEATHER

'l0l.0R'l'0 ICPI "' -

tures Issued by tho Tomato pnbli weather office:

Mia Max (Night) (Day) Dawson 6 6 Vancouver Victoria Edmonton Cllllry Regina

Ottawa Montreal

USSR Plans Hugo Power System

MOSCOW (Reuters) - Russia has evolved a plan to create one gigantic power unit for the entire Soviet Union, controlled from one of several centres and embracing one-sixth of the globe. the Soviet news agency Tass said Monday.

The system will i clude hund- reds of power stations deriving power from water. coal. peat. shale and nuclear energy.

First stage of the "science fic- tion” project during the current five-year plan will be the creation of a power system in the European

53552392: HGBSESEGS

Page 2 The Guardian Tuesday. Mar. 12. 1957

BSISSBHRRI Ell?-1f:9S3'-IIR

HALIFAX (CP - The weather offlce here says a storm centred east of Sable Island will weaken a bit today and a high pressure area that stretches from Ungava

throusli the middle by a disturb- ance moving east from Lat; Michigan. As a result cloud will spread into the western regions late today.

Regional forecasts:

Northern Nova Scotia. Prince Edward Island: Sunny cloudy in the evening; colder: northeast winds 2) becomln southeast 20 by evening. law- at New Glasgow 25 and 81. Char- lottetown 23 and so.

High tide today at Charlottetown at 7.23 a.m. and 6.45 pm. sum- merside tide eighteen minutes lat- er than Charlottetown.

Sun rises today at 6.82 am. and sets at 6.14 p.m.

Bay to the Bahamas is being cut'

part of the Soviet Union.

Two transmission lines will be built. one linking Stalingrad with Moscow and another linking both cities with the Donbas.

8 pm. FINED 820- A resident of West his borrow from the banks and Royalty for the unlawful possess-lin the ;1,ooo.;1,5oo bracket now T CARD PARTY Sollllllm" SCIIWI ion of intoxicating liquor in a place will have to charge six per cent llall TlI('SlI6.V 3-30 l-l1"Ch- weeklylother than his residence. was fin-tor the equal of what they are Prizes and Tournament. ,9d 320 and costs or 30 days hyj

DEPUTY MAYOR A. Walthen Gaudet (left) presents gifts from the City of Cliarlottctown to the

Cass. who also received a mem- ento of the occasion from the city.

who won this year's Canadian Uni- brook. Newfoundland. Watching versity Debating Championship - the brief ceremony, which took

Burke

.'

VISIT HI-STYLE Millincry. Gt.- George Street. "where every style is ill-Style."

RESERVE THURSDAY evening April -lth for Q.C.H.S. Drama night.

HEAR MR. EDWIN C. JOHN- FITONE on Red Cross Broadcast C.F.C.Y. Tuesday, March llth. at 8.32 p.m.

ANNUAL SPRING TEA at Y. 1vi.c.A. March 12th. sponsored by the Ladies' Auxiliary of the Y.ltI. C.A. .

WHAT S NEW-Mrs. J. A. Law- son will be heard this afternoon on the trans-Canada matinee net- work program. The series deals with "what's New" in the Canad- Ian provinces. Mrs. Lawson will deal with P.E. Island.

IN MEMORIAM of Mrs. Laura Murphy iwalsht sympathy cards in addition to those previously list- ed were received from: Sister M. Margarita. C.S.M.

Gerald and Desmond Sherry

Mr. and Mrs. John Hamill and family

lllr. and Mrs. Daniel Mccardle.

DIES IN SACKVILLE-Mrs. G. M. Avard received the sad news Sunday that her mother. Mrs. W. E. Jones. had died at her resi- dence in Sackvilie. The late Mrs. Jones was in her eighty-seventh yrinr. Mr. G.M. Avard and Mr. and Mrs. Myron Bell left Mon- day for Sackville. to attend the funeral.

D0 THEIR PART T00!- Mem- bers of the .Iiinior Red Cross in Mr. Leo Callaghan's Grade VIII at Queen Square School on Friday did their bit to help prepare Char- lottetonlans for the call of the Red Cross canvasser this week by dis- tributing poster-reminders to all business houses in the city for dis-

lay. These Juniors can always

. counted on to take on this task. which is a very important one in Campaigns of this kind. as their motto as Junior Rod Cross mom- bera is "I Servel.

LIFE SAVER's- Mr. Freemont Archer. Chairman-olect of the Red Cross Blood Donor Committee for Charlottetown. has received word that two more Charlottetown or- ganizations have signified their intentions of securin member! for the Life savers C ubl in prep- aration fnr the Blood Donor Clinics to be held the end of April. The two latest editions to the roster are

the Liguorian Youth Club of Holy M

Redeemer Parish and the spring Park Community Club. Mrs. Charles Maclnnls is the ap- pointee from the former. and Mr. Thomas Hsnter from the later on the Central Committee. Those gentlemen will be vieiag with many other interested groups to see which one can scour; the h

est percentage of mentor: for

Ilfe Saver's Club.

N. D. Mnclaoa

UNDEBTA1 0 EMBALIII

' Charlottetown and North Wlltahiro

DIAL GM!

Magistrate Gaudet in Queen's: County Magistrates Court yes- terday morning.

PRIZE WINNERS - Winners at ythe Spring Park card party were ladiesl first. Sylvia Coffin; second. lMrs. John Lee. Jr.: consolation, lllertha Egan; men's first. Reg. Whiilock; second. Henry Doiron; consolation. Herny Gaudet; freeze out. Mrs. John Lee, Jr. and Joe Cheverie. l

POLICE COURT- In City Pol-. ice Court a man charged with drunkeness and arrested on the complaint of his wife was remand- ed for one week by Magistrate K. M. Martin yesterday morning. A drunk and disorderly was fined S20 and costs or ten days and a drunk and incapable was given a fine of S5 and costs or two days.

CARD PARTY WINNERS - Fol- lowing were the prize winners last night at the St. Pius X parish card party in Parkdale. Ladies' first. Miss Emma Gallant; sccond. Mrs. Melvin Burns: consolation, Mrs. Wendeiin Morrlssey; men's first. J.S. Dowling; second. L.E. Gormleyz onsoiatlon. Donald Ro- binson; freezeout. Mrs. J.D. Mc- Asklll and Stephen Hughes: door prize. Peter Doyle.

T0 EGYPT- The wrong picture accompanied the story of Sgt. Lorne Gass accompanying his unit the 55 Reconnaissance Squadron to the Middle East this week. Sgt. Cass is a son of Mrs. Robert Gass. 30 Elm Ave.. Charlottetown. His home is in Petawawa. He spent four years overseas in the Second World War. volunteered for the Korean War. although he did not go overseas. and spent an- other year in Germany some fourl years ago.

RETURN TO RAGOTVILLE - Cpl. and Mrs. Vern Cottrell and son Andy left Monday morning for Bagotvtllc, Quebec. aftcr spen- ding embrakation leave with Mrs. CottrcIl's mother, Mrs. Meretta Saunders. and her sister. Mrs. Barry Moore. Cpl. and Mrs. Cot- trell are leaving for No. 3 Fighter Wing. Zaarbrucken. Germany, soon where Cpl Cottrell will be stationed for the next three years. Mrs. Moore left Monday morning with her sister and brother-in-law on a short visit to Bagotvilla.

PERSONALS

Friends of Mr. William Stewart. New Glasgow. will regret to learn his illness. He is at present at the home of his brother-in-law and sister. Mr. and Mrs. George Diclricson.

The many friends of Mrs. J. A. Muilin will be pleased to hear that she has returned to her home at Park Terrace. Mrs. Muilin was for a month in tho Charlottetown Hospital.

BIRTHS

SAUNDERS - At Goose nay. Ls brador. on March 3. 1957. to Mr. and Mrs. Irving E. Saunders. a daughter Lynn Anne.

SORREY - At the Kings County Memorial Hospital, Montague. on March lotb. to Mr. and Mrs, Alfred Surrey (nee Jessie Ro- bertson) . a son Curtis Alfred. Weight 7 lbs, 15 oz.

DEATHS

MA(.'l'ADYEN- At Fronchfort. Monday. March II. 1951. Mrs. Margaret MacFad en. widow of

the late Archibal

charged on their own borrowings. This made such loans not worth- while.

Companies such as his had lit- tle effect on consumer credit be- cause most of their loans were to people who were paying other credit by getting personal loans.

Officials of other personal loan tompanies agreed that most con- sumer credit created by other than chartered banks came from tompanies which financed the sale of cars and other goods pur- chased on down payment with m o n t h I y instalment payments. They said in interviews their part in the picture was small.

Multiple Sclerosis Executive Moot

An executive meeting of the Prince Edward Island Multiple Sclerosis Chapter (Charlottetown) was held at the home of Mrs George Reynolds. 200 Cumberland St.. on Saturday evening March 9 with Mrs. Reynolds in the chair.

Mrs. Alfred Woatherbie report- ing for the Ways and Means Com- mittee advised the meeting that two bridge parties and a cake sale would be held in the near future. Mrs. Weatherbie also informed the meeting that Taylor's Jewellers and Burns' Jewellers had each generously donated a bridge prize.

Mrs. Lorne Jr-lley gave an en- couraging report for the member- ship committee. Mrs. Robert Nor- ton gave the treasurer's report. Mr. J.M. McAlduff was appointed to explore the possibilities of hold- ing a Tag Day in the Fall.

Considerable time was spent in discussing ways of stimulatin the Interest of the public in Mu tiple Sclerosis or M.S. which is a crippling disease of the central nervous system. It is felt that the support of the public is urgent if the key to M.S. and its many re- lated diseases are to be found.

Mrs. Reynolds advised the meet- ing of those acting on the advisory council. medical advisory board. and executive council.

ADVISORY COUNCIL

Hon. M.L. Bonnell. M.D.C.M. Dr. Walter Leslie, F.R.C.P. Reverend Donald A. Campbell. Hon. B. Earle MacDonald. Wlgn-Cmdr. Angus MacLean. M.P. Sir W..I.P. MacMillan. 0.B.E. F'.R.C.S.

Mr. Neil A. Matheson. M.P. Reverend Clarence Roche. B.A. MEDICAL ADVISORY BOARD Dr. .I.H. 0'I-Ianley .

Dr. Tador Gencheff.

Dr. A.R. Grant.

Dr. R.G. Lea.

Dr. P. Mclntyre.

Dr. A.A. Macvlcar.

EXECUTIVE COUNCIL Chairman. Mrs. George Rcyonlda Vice-chairman. Min Sue Jones. secretary-Treasurer. Mrs. Robsri

Norton. chairman. Mr. I.

Financial

Hearts.

Educational chairman. Mr. .I.M. McAiduff.

Chairman of Ways and Moons Eiommlttee. Mrs. Alfred Weather- e

Chairman of Mombsrhlp Com- mittee. Mrs. Stewart laexny.

The next executive moding is to be held April 17.

nesday afternoon asrvtoa start-

Ing at 8:15. Iaturnnnt in the

Main Road Consotsry. GALLAN'I'- At Charlottetown on

Sunday. March lmh.

lma Gall who I101! Gal-

lat lnnuner

St. Dunstan's University students

Investment of the Cityls Pension Trust Fund in mutual investment funds will be possible under an amendment to the l3y-Laws readl a second time at the regular month- i ly meeting of the Ciiarlottzztownl City Council held in the Council Chambers last night. This amend- ment will receive third reading at a special meeting of the Council scheduled for 9 a.m. this morning. Deputy Mayor A. Waltlien Gau-1 det presided at last nights's Coun-l cil meeting in the absence of Ma-i yor Stewart. All other City re-i presentatives were present. DEBATERS HONORED

A special feature of this meet- ing was the presentation of silver cigarette boxes to the 1957 Can- adian University Debating cham- pions. Leo Peddle. Cornerbrook, Newfoundland. and Donald Mac- Dougall, of Bloomfield, P.E.l. A gift was also presented to their coach. Rev. Father Cass.

Acting Mayor Gaudet paid tri- bute to the achievement of the S.D.U. students in the field of de- bating telling this year's natiinal winners. "You have brought great distinction not only to St. l)unstan's but to the city and Province as well. "Councillor McCormac al- so congratulated the debaters on their outstanding uchie Fa- ther Cass. on behalf of the students. the Rector of the Univer- sity and himself. thanked the coun- cil for the "splendid" recogni- tion they had made of the debat- ing teamis omplishmcnt.

M. Alban Farmer. Q.C.. appear-

Amend City By-Law Governing Pension Trust Fund Investment

Donald lilacDougall of Bloomfield. place at City Hall last night is the P.E.l.. and Leo Peddle of Corner- S.D.U. debating coach. Rev. F.L.

various resolutions which received approval at last nights meeting. Each resolution passed unanimou- sly. except No. 4. On this resolu- tion Councillor Foster abstained from voting.

1. That as of this date any per- manent employee absent from duty on ac of sicknes will have loss of time deducted from wages. unless a doctor's certifi- cate is furnished showing such loss of time necessitated by such ill- IICSS.

2. That the Street Committee be authorized to send for parts and repairs on.the following machines: Roller 5500.00: Sprinkler 8160.00; and be authorized to purchase 500 ft of chain at S.'lll2.55.

.1. That the matter of sanding the City sidewalks be left to the discretion of the Street Committee. not to relieve the householders re- sponsibility. but to enforce it and at the same time to supple it temporarily for the safety of our pedestrians.

4. That this council accede to the proposed application of the Char- lottetown Hospital to relocate westwardly. and of its present widtii the footpath rcplacing the former Dudnas Esplanade drive- way. without purporting to author-

Guardian Photo

A foreiaste of what patrons may expect at the St. Patrick's play ”Cinderella O'Reilley" was featur- ed at the Rotary Luncheon yester- day at the Charlottetown hotel when several of the specialties performed in a highly pleasing manner.

Honoured guests at the luncheon meeting were Donald MacDougall and Leo Peddle. the two clever young students from St. Dunstan's University who brought honour and distinction to their Alma Ma- ter and the province by recently winning the National Intercollegi- ate Debaiing Championship at Ot- tawa. They were nccompanied by their coach and moderator. Rev. Fred Cass and Rev. Walter Reid who was a member of the winning team from S.D.U. five years ago.

Following the dispatch of routine business by chairman Dick Dowd. the meeting was taken over by Pius Callaghan, C.D.A.. presi- dent of the B.I.S. who, as master of ceremonies. called the ”specialty' numbers. He voiced his appreciation of the "Salute to the lrish" as an expression of good- will towards the soclety which has dispensed relief to indigent persons

in any building erection.

ed before the Council on behalf of the Trustees of the Charlotte-l town Hospital seeking Council ap-I proval of certain proposed changes I in respect of the former Dundns Esplanade. This matter was dealt with by resolution after consider- able discussion by several Coun- cillors.

WANTS STANDING

In a letter to the Council Major T.E. MacNutt called Council's at- tention to the deplorable condition of our city streets, requesting that the city take over the job of sand- ing the sldewalka. in view of the fact that many citizens were un- able to procure sand or coal ash. After considerable debate, Coun- clllor Gormely's motion that the matter be left to the discretion of Street Committee was accepted. Delivering the Police Committee report. Councillor Gormlcy. the Committee Chairman, served not-

mittee were going to ask the Council to authorize the purchase of a new vehicle in order to facil- Iatate the work of the Police Force. He also declared that the Police Committee would seek

Ice on the Council that his Com- I" 1

Judge (iavan Duffy last night addressed the members of the local Benevolent Irish Society at their annual smoker ommemorat- ing the mud year of their incor- poration.

Judge Duffy gave a very mov- ing talk in the life and history of the great Irish patriot. Robert Emmett.

A vote of thanks. moved by Patrick E. McTague and second- ed by John W. Hogan. was ax- tcni-led to Judge Duffy by the pres- ideni. J. Plus Causghan on behalf of the society.

.I.Austln Trainor. C.D.A.. well known for his years of achieve- ments in the dramatic field, pre- sented the society with a portrait of his brother. Frank Trainor. playing the role of Robert Emmott at the St. Patrick's play held at the Lyceum Theatre. Charlottetown

894.

A vote of thanks was extended to Brother Tralnor by tho presi- dent. who stated that the portrait would occupy an honored place in the clubroom.

Council authority to erect addition-

Chcirlottetown B. I. S. Holds Annual Smoker, Presentation

in the city for more than 132 years.

Thomas Flynn. chairman of the shamrock committee, stated that the shamrocks were being distri- buted throughout tho city in aid of the Precious Bloom Monastery.

Bill Mccarron. chief marshal. stated that the nnnual St. Patrick's parade will leave the society's headquarters at 10:15 am. on Sun- day. March 17. and proceed to the Cenotaph where a wreath would be laid honoring the dead of World Wars one and two by Ambrose Smith and Raymond Dunn. The parade will then proceed up Graf- ton to Pownal. to Kent. to Queen to Richmond and Great George streets to the Basilica for Solemn High Mass at It a.m. Following Mass the parade will reform and proceed up Great George Street to Richmond, Prince. Kent Great George again and Grafton to the society's Roadq ..

A social period was held last night following the business meet- log.

I o.-

Rotarians Enioy Preview Of Fine Irish Production

The program featured Patsy Lelghtizer in two delightful Irish numbe 3. Aeneas Curley in a men- iey of Irish tunes on the vlollii, and Kay Gallant in a new rollicking Irish song which was followed by ”Roamln' in the Gloamin." in which the members heartily joined. Elects and Millie Roberts. in their dancing act took the "Irish Wash- erwoman" and a "Clog" specialty in their stride to win unstinted applause. Albert Blanchard and Aeneas Curley were accompanists.

Thanks was extended to Mr. Callaghan and the play producer Wilfred Smith by the co-chairman Brian Olllleara. Congratulations went to Bob Pitt. hotel manager, for the special table decorations in which green predominated.

Rotary honours for the day went to Frank Curtis. Gerry Hartlen. and Russ Seiicr. who have rendered outstanding club and ommunity service for several years past, Wal- ter Cox was song leader.

l-Ion. E.P. Foley of Summerslde was a visiting Rotarian. Guests of Rotary. introduced by Secre- tary Roy MacGillivray were R.T. Motherwell. Abcrnethy. Sask. .I.E. Gibb. Toronto. O.W. Lockyer. Mon- cton and D.L. O'Rourke. City.