_ Bank Loan Interest Ruting

Would Narrow Rates Scale

OTTAWA (CP)~Any restric- for on bank-loan interest rates will narrow the range of rates that can be offered prospective

s, the Commons com- mittee on finance,’ trade and ®Seonomics was told.

The committee was continy- mg its questioning of officials of

“ the Canadian Bankers’ Associa-

tion on the government's bill to. amend the Bank Act.

§. T. Paton, CBA president, ‘told committee members the interest formula the revised act would allow means the char- a banks would be able to

in a range of rates—lower for. those taking out well-se- cured loans and higher for loans. where risks. are higher

But he said the range would be narrower than it should be because of the ceiling.

The current ceiling on bank interest rates is six per cent.

The revised bill would pur into effect’ a formula “based. on in-’ terest paid on short-term bonds. If applied at current rates, the formula would allow the banks te charge interest up to about 7% per cent.

Maréel Lamberf_ (PC — Ed- monton West) asked whether such a change. would be a meaningful one for the banks, which have asked that the ceil- ing be removed entirely.

Mr. Paton said ‘not as mean- ingful. as we'd like to see.” “There is a form of rationing in our lending ability at this time,” he said, and this would continue unless the ceiling was removed entirely and. interest rates were determined by free competition in the money mar- ket. Any amelioration would be ahelp. —

Mf. Lambert said there must

ON THE AIR

_THURSDAY PROGRAMS CFCY-TV

1:30 p.m.—fAusicale ; 2:00 p.m.—Emergency Ward 16 2:30 p.m.—Teday at Home 3:00 p.m.—Take 30

¢, 2:30 0.m.—Edge of Night

4:00 p.m.—Communicate 4:3) p.m.—Mark of Zerré

§:00 p.m.—Wild sil Hickok

25 p.m.—Carnation’s Coentest* §.30 p.m.—Music Hop 6:00 p.m.—Weedy Woodpecker 6:30 p.m.—Gazette

7:00 p.m.—CFCY TV News . 7:15 p.m.—Keysoard Meledios 7:30 p.m.—teve On A Rectiop 8:00 g.m.—Take A Chanes

8:30 p.m.—The Third Man 9:00 p.m.—The Man From U.N.C.L.E. : (Coler) 10:00 p.m.—Telescope (Celer) 16:30 p.m.—Hozan’s Herees (Color) 11:00 p.m.—20 /Aillion Questions 11:30 p..—Centennial 12:00 p.m.—CBC TV News ~- 2:13 a.m.—Lscal Weather and

- difficult course for the feder

ple as wage and price guide-

It puts specific blame on gov-- ernment—but not on business or labor—for shaping the current

counsels a more far-sighted ap- CBA RADIO THURSDAY

6.00=The Merning Shew Part ¥ 7.00—CBC News

7.03—Inignd Weather; Sports Scores 7.06—Musie -

7.27—Iinland Weather, Sperts Scores

%

7.46—Music €.00—CBC News 8.12—Regiena! Weather

With its third annual review | issued here, the eouncil) tules out any solutions as sim-|

mild brand of inflation, and |

7.45—lt Happened Teday wane

vate at 2% : ceiling where the CBA and the committes could find agreement.~ :

Colin Cameron (NDP — Na- naimo - Cowichan - The Is- lands) ebjected to. this. The committee wasn't meeting to bargain. It was.there to legis- late and once a bill was passed “the banks will damn well stick to it.’

Plumping for removal of the interest. ceiling. Mr. Paton, vice-president and chief general manager of the Toronto-Domin- ion Bank, said freedom of in- terest rates would bring re duced average costs ef borrow.

Howard Johnston (SC—Oka- nagan - Revelstoke) asked

sible interest rates would con- tribute to the~ inflationary spi- ral. i Mr. Paton said this was dif- ficult to “‘answer yep or 0.” .

Tough Course Suggested

’ . 2 , ax. OTTAWA (CP) — The Eco-|proach to public spending, tat “Bians have already been |somie Council of Canada has ; ;

ation and credit control.

lines. lin a better mix of its main po

|

tary policy. says the report. MUST IMPROVE SUPPLY The mix must coficentrate on

worked. XM Improve existing pte-

Sport Scores preteen

9:57 a.m.—Station Sign On 0:00 a.m.Canadian Scheels * 0:30 gm eN-S. Sehoo's 1:30 2.m.—Priendly Giant 1:45 a.m.—Chez Helene 2:00 a.m.—6utternut Square ~ 2:25 p-m.—Emergency Ward 1& 2:55 p m.—CBC TV News 1:00 p.m:—Playbill— Flame of Lolcurre

2:30 _p.m.—At_ Home With Helen

—

P

;

Crocker 3:00 p.m.—Take Thirty 3:30 p.m.Edge of Night “Ts 4:00 p-m.—Communicate 4:30 p.m.—Zorre 5:00 p.m.—Funtime 5.30 p.m.—Musie Hep “6:08 p.m.—Supeer Club 6:15 p.m.—LTV News 6:25 p.m.—LTY Weather 6:30 p.m.-—LTV Sporis 6:35 p.m.—Superr Club 7:00 pim.—Thursday. Night At The : Mavies—

Carry On Regardiess 9.00 p.m.—Man From UNCLE 0:00 p.m.—Telescepe 0-30 9.m.—Hogan's Heroes 1:00 pum. The Hawk———— "2:00 p.m.—CBC National News 2:20 a.m.—Viewpeint

"2:25 a-m-—t TV -News—

S a.m.—Sign Off crcy Readies

6.30—News and Weather

6 35—Merning Roundup

6 4$—Island wr. and Mar. Temp.

6 46—Merning Raundup

6 55—News and Weather

7.00—Hebrew Christian Hour

7 1$—Merning Reundup

7.30—News and Weather

7.35—Farm Repert

7.41—Merning Reundup |

7.45~lsland Wr. and Mar. Temp

7.46—Merning Reundup

7.Sé—Sports Capsule and Scoreboard

8 0—News

8 55—Weather

8.16—-Merning Roundup =<

8. 45—Weather

9.10—Notes and Music

9.1 i

20D News end. Wellbar

10. 05—Netes end Musi«

'0.30—Preview Commentary

10.35—Netes and Musie .

11.00—News and Weather

11.05—News end Views en Greceries

‘| 9:18—The Gordie Tesp Show

| 4:33—Aasigneest

@.16—Maritime Sportscast “C21—Muale

training. productivity im-

relied Aes nee ae

9-10—P-eview Cammentary

9:45~-A.M. Chranicle 10.46—Pleyream

10.55 —~Assign-want 11:00-—CBC News 11,08—Jeaen Marshal! 11:5—Assign-ment—Ceonsumers 11:20—Hints Te The Homemaker 11,30—A! Faster Show 11:55—Assiqnment 12.08—Jemberee Junction 12:80—Maritime Ferm B’cast

1:15—John Dréinie Tel's A Stery

1:30—Reg. Gibson Belladeer

1 §4—Assignment

1,59—DO Time Signal ;

2:00—Atlentic Scheel S’cast Old Favorites +

2:18—Atlentia Schoo! S‘east Advertures In Seng

2:30—Matines With Pat Patterson ert 1 . s

3.00—CEC News

3:03—Metinse With Pet Patersor

. Sat?

3:30—Divertime=to

4:080-—C3C News

“4:03—Canedian Roundup

4:10—Music In The Air

4:3 5-—fhzet_tn_The Ale

$:00—CSC News

5:03—Maritine Fisk Beast

5.33—Ass'gn-mest

5:40—CBC Nevebeck

6.90—The Wer'd Ar Six

.6:30—Inland Weather

6:30—inland Weather 7

6:33—The Swingers

7.00—CBC News

708—Musie In The Eveni

730—~T:hg Trains .

8.00—CBC News

8:03—Mutic ery

8.98—Cheirs In Concer

9:00—Concerts Fer Twe Worlds

10:00—CBC Nations! News and From

The Cavitals :

19.15—Five Nights A Week At This

Time

10.30—Anthe!sgy

11.00—CBC News

11:03~Lebour Pains

12:00—CBC News

12:02—Seorts Scores end-tniand-end Marine Weather

12:15—Musie In The Night

seatch and innovation. —Promote higher produe- tivity im agriculture and cost- cutting im the proce packaging and distribution

food.

The council's study ef costs and prices, occupying 2 central place in. the 110,000-word re- view, has been under way tor

“]20 months.

The council expresses concer®

[about . the performance of the votatileconstruction~industry:—

Provincial and federal gov- ernments had tended to feed its contributions to inflation by ‘overbuilding at @ time when the industry was strained by de- mand# of-the private sector ef the‘economy.

The. big-lever fiscal and mos- etary policies had generally, been “too closely geared to re- lativiy minor, short-trm flue- tuations.”’ : TRENDS 8ET Sita

Governments have inadvert- ently set nations! trends is wage bargaining through large contract settlements with their

They should keep thir pay scals clesely im line with in- dustrial wages and clearly ex- plain themselves wher they grtast large settlements to

move inequities ar te remedy ee a ee

. Wage ‘and price guidelines, setting voluntary limits for an- nual imcregaes, are reiected after study of their use in the United States, Britain, Frane,

| Sweden and The Netherlands.

Once an.sconomy ig booming, says the council, price ant wage increases inevitably tend a break through any guide-

3.

cost increases, whieh were

1:00—CBC Netienel News

1:30—Mysie Only ¥

deep-lying forces of demand nct met by supply.

4

U.S. Carriers To Help Train

Canadian Crews

OTTAWA (CP) — The” de- fence department is relying on the United States Navy to help provide aircraft - carrier train- ing for the crews of Canadian anti-submariné planes .for the next year. - : oe

The Bonaventure, Canada's sole carrier, will be in drydock until - next fall;. five months longer’ than originally esti- mated, for majer repairs cost- ing at least $11,00,000.

A detachment of six navy Tracker planes and. two heli- copters exercised from the U.S. carrier Wasp in the Atlantic in late September and, officials said Monday, it is expected that three more similar detachments will have worked out op U.S. earriers by next fall.

The navy has one 24-plane squadron of ‘Trackers. Norm- ally, 12 of these planes operate from the Bonaventure while the

®

The Geartian, Charlottetown, Thurs. Nov. 24, 965. 19

made ‘for Canadias vlanes te join temporarily a U.S. carrier off the west coast early next year.

Officials emphasized tha! Ca- nadian aircraft won't operate off any American carfier es route to Viet Nam. ‘

there is sOme uncertainty whether there will be enough trained sailers to man the Bon- aventure when she is fit fér ag again. sf

It is doubtful, they adde

that the U.S. Navy would be |:

willing to keep training Canad. ian naval airmen indefinitely

“meet particular. needs, te .r-.|.

CONTRACT BRIDGE. |

_By 6. JAY BECKER

a vee

‘ DTU 1 ,

Pe

y aan! eu ii nt K

I Te Ew. gS z a AE MS ~~ a.

At the moment, officials said!

VNGNVUS

aaa

y 5 Zl AVE MY “\ ] * ALLOWANCE, MOM F HE SAID FOR

* ola

IE

rye She

te

roa

TTPIAIC IV MMma TT TNE FERC EMmNGVED |

Hl

& GSS SSR SBE

Te uu

‘#1 20—Netes and Mowe

saad

11 30—Netes and Musie

* | 45—Tewn and Country Time 2.00—News and Weather 2 05—Mestly pusi« 2.30—Assignment

2.35——Mostly Musie 2.58—Thought Fer Tedey 3.00~News Headlines and

Weather

_8.30—Pep Caravan - 4.00—News Headlines and Weather 403—Canadien Roundup—C8E

+ §.40-—Pop Caravan

5.00—News and Weather 5.05—The Outparts 5.25.20—Marine Weather 5.28—The Gutperts 5 45—Sports Capsule and

csc 16.15—Tedey's Fditeriag! and : Speaking Personally 10.30—Startght Sereseds——- 11.00—News and Weather

12 05—Tewn and Country Tine 12 13—6:30—-News and Music—CBC 12 30—News ‘and Weather 12.43—P.£.1. Reed Repent - 12.45—Tewn and Country Time 1.00—News and Weather - 1.18—Gerdie Tanw Show—Ca6

i

ares

play do occasionally arise in briige. and the mark of the

to apply them te the task at hand. : South was iz four hearts and West led a diamond. Declarer won with the ace and finested the ausen of hearts. West play- ing the mine He then led the jack. covered by the king and ace, West showing out. Declarer now had the 16-7-3 and Bast the 86. Ip order t

South dealer. low club to the jack and return. Neither side vulnerable. ed the four of hearts. Wher East : WORT Played the six, Soyth finessed 15 the sever and ther drew Tast’s Qlé last trump with the ten. A85 Everything -would have been @KI933 fine exeept that when dsclarer WEST now led the ace of clubs, East 4AQo3 108643 | showed out and there was then 9 E865 no way to run the entire club Zes06 ox 103 suit. West’ remaining 10-7 #10753 cht | blocked the auit. souTs Se declarer led the queen and ed took it with the in order tn cS lead a spade from y. This play came to saught because HAQE West had the beg South The bidding: ae Soe ae South West Worth Wast have made the hand. Me failed - ig Pass. 2 Pass ito give himgelf the maximum 3h Paw 39 Pees | nance of making the hand, 49 , After the trump, situation be-

fine declarer is that he manages |

come a simple matter end Seu would. have made elever oe instead of ning,

The queen is ‘ed to the ‘king,

avoid a trump loser, South led a

CDSV CN eSPP

_BAL SIAVDNL IF

“G@LAKLNII" RBI

VON WHQDEIKNW AB AIN IFRISION

RISIQN.—NPPRI

Yesterday's Oryptaquoth: TO BE BORED BY TESENTIALS TS CHARACTERISTIC OF SMALL: MINDS.—R JOHNSON (© 1006, King Features Syndicgte, I=<)

OUR BOARDING HOUSE MAJOR HOOPLE

CLE IN THE Gry! AND SINCE Youve RACTER Seen wacms AS aN ANTI-NOISE } | Kecaccniamon!

YOU CAN POT THE 6!

CARE, GAXTER, Maes cane BE TAILED GOR

6X LINZOYV L3uDRS

‘wuoOOTyd 20f

fa 2

S bie

MR. FURRINER? Ai 16 HONGRY FO NEWS

wi