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West

N THE AlRl

/ SArwRDAY PROGRAMS

CFCY—TV

m_ atoway m.—Klngtlshor Cove

TV News and

.00 P w New York at Toronto .15 p.m —Ju|iett . ill.“ pm Sports Unlimited 12:00 pm n CBC V Now 12.08 am [oral Weather

____——.

By GREG MacDONALD Canadian Press Staff Writer The reduction in the Bank Rate last November appears to have signalled the beginning of a period of overall stability in Canadian interest rates. says the investment firm of Green- shields Inc.

The Bank of Canada an- nounced the reduction in the rate to four per cent from five per cent on Nov. 13.

In fact, says the company. yields on intermediate and long- term bonds have shown little change over the last three months. while the treasury bill yield moved in a progressively narrower range.

Behind these developments lay the continuing improvement in the county's balance of pay- ments position and the ex- nhnnn re —- reflecting a

' Day

"Liv. CALLS NI'I‘E or DAY l .

\‘All.'S RADIO & TV. 204 Kent St.

I

4.31537 Nile 4-4503—4-74li2f

Ch'town

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significant reduction in the def- icit from current international l transactions as well as a steady inflow of foreign capital—ac- icompanied an essentially . cautions central bank policy.

In the area of new financing. a number of corporate issues

"Crr ’—

nave met with success. while on

(‘liCW-TV

l:25 a m —~Sign On

130 p.n\ ——Comment and Conviction 2‘00 p.711—T0p Ten Plus

3.00 pn'.—World of Sport

url-ng

4.00 p m "VVOI'ld 0f 5pc"

Salmon Carnival

'500 lynx-The Lawman 530 pom—Bugs Bunny 6.00 p..n.—Kingfishsr Cov‘o «an prim—The Early Show

the other hand. domestic recep- tion of marketings of provincial bonds was only moderate Chartered bank activity. apart from moderate participation in the Canada refunding. was prin- cipally confined to heavy pur- chase of treasury bills. the com-

!l'he Guardian, Charlottetown, Bat. March 2, 1968. 9

Bank Rate Appears Stabilized By Reduction Last November

pany said. and as a result the liquid asset ratio of the banking system returned to a comfort- able 18.7 per cen.

“While general loans have shown a substantial and persis- tent decline for almost three months, the possibility that pre~ election uncertainty will create a heavier loan demand and. at the same time. make the Imme- diale outlook for interest rates less predictable is likely to have a limiting effect on chartered bank participation in other than money market issues."

Among the various factors which will have an effect on the bond market during the two months. says Greenshields. the most important is the coun- try's foreign exchange position. 3 “Development in this area will obviously have a major in- ‘fluence on central bank policy."

“At the same time, It appears that new financing by junior governments and corporations in the domestic market will be relatively light in the immediate future. At the federal level. how- ever. a refunding operation in- volving $300,000,000 is expected prior to th election."

Another important element In the outlook is the technical posi-

(D X n-

is considerably stronger than it was prior to June 18. 1962. when the emergency austerity meas- ures were announced.

tion of the bond market. which;

l By BEN WARD

OTTAWA (CPI—A looming population explosion which sounds like a real estate devei-. oper's dream was forecast: here by a guest panelist ‘ the annual meeting of the On-I tario Association of Real Estate Boards.

Stewart Bates, president of Central Mortgage and Housing Corporation, said Canada is go- ing to need 350,000 new housing' units by the 1967 centennial’ year to house the young peoplel who now are on the verge of' entering the labor force. l And on the basis of the 7.750.-l

l

A: :-

Canadians now under 20 years of age. there will be a need for an additional 1.500.000} units by 1976. he added.

. Bates said one of the1 great problems posed by this! impending growth is the need} for proper planning to prevent] today's older residential dis- trcts from falling into slum con-p ditions and renewing those‘ which have already reached

The federal government haal

V completed. , Mr. Bates also reported onI of rls-l

*a standing offer to pay half the

costs of local slum clearance. Yet in 13 years only 500 acres of city land had been proposed for renewal and only 68

the corporation's study ing costs in home construction. A three - bedroom bungalow

which averaged $l2.000 in 1952» was up to $14,500 last year on.

the national average. In On‘ tario alone, the price had jumped to $15,000 chiefly be- cause of the sharper rise in land costs.

Costs of raw land for housing development still was and "must go still higher in the face of new demands from both

| l

.‘VasiNumberO lomesl Seen Canadian Need

acres l

SSI'IOW AHMOIW

rising .

the housing .and industrial sec-

tors." he said.

This land-cost factor made it more important than ever to make the best possible use of the residential areas already existing. Rundown sectors in cities were like spots of cancer

'which had to be caught and at state. » ured

c quickly to avoid whole- sale deterioration in the cities.

VWGNVHO

‘Record Number Candidates May Nominate For April Vote.

OTTAWA (CP) ~Spokesmen 1.

CONTRACT BRIDGE

By B. JAY BECKER

at national headquarters of thei four main parties said here? their p ar t i e s will field as many or more candidates in the, April 8 election than in the 1962i

He's A Cockayed “' -' 500 p w ——Beverly Hillbillies 8.30 unmaHenncssey

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ll.l5 p.m.-—Julietta

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North dealer. Neither side vulnerable.

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I30 P.m.—MUSICGIO LOO pun—Hour of St, Francis 1.30 p.m.—Country Calendar

2.00 p.m.—Al| Star

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4.00 p.m.-Speaking Franc 4.30 p_m.-Heritage

5.00 p.rn.-—Twenty-Twanty

5.27 prim—CBC TV News

530 p.m__Twantieth Century 6.00 aim—Citizen’s Forum

pun—Nature of Things

7.00 pan—Best of the Post 7:30 p.m.—-Fsthsr Knows Best 300 p.rn.—H 8.30 p.rn.—-—Flashbaclt

9.00 p.m.——Ed Sullivan l000 p.m.-—Bonan1|

are

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900 p.m,—»—Ed Sullivan

D fit—Bonanza

ll.00 p.m.—Close-Up

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3- Weather

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Report

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2‘°5‘-Clare lilo‘a

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NORTH 632 'AQlO .AQBB 3.1104 .1 EAST 4. axosas ones: can .109" 9.13 axes was 80 “mo 'KJ3 .Ksz gas-12 muddtng: North mm South West 1. 1. 2m Pass SNT

Opening lead —- seven of spad-

es.

Bridge is a game of thrust and counter-thrust. Each side has a variety of weapons at its command and the victory in a given hand usually goes to the

sumlng they are used to max- imum capacity.

Here is a case in point. West leads a spade against three no- trump. The result of the hand then depends on how the play- ers meet their obligations.

3,05—Saturdsy Hit Parade LOO—News 8. West er 4.05—Saturday Hit Parade

5.05—Tho Outports

6.15—Sports Parade

6.20—Report From Parliament Hill 6.30—Waltztima

6.45—Tha Magic Carpet

7.00—Back To The Bible

7.30—News 3- Weather 7.45—Saturdsy Night Hoedown 9.25—CBC National News 9.30—National Hockey League Game

C ill3o~Music 'till Midnight CBC IZOD—Marine Weather CBC l2.iO—Sign Off

CBA SATURDAY

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Sports Interview 8.30—Spom College 8.45—Songs Around

Jr. Farm B'csst ROG—CBC News From our own Cor.

res ondent 9.1I—Mutic For Saturday WAS—Matinee Highlights

The World.

l2.00—-Luncheon Date l2.30—Msritima Farm and Jr. Farm B'cast and Program Preview LOO—CBC Inland News In Weather

ISO—Metropolitan Opera 6.30—Prstley At The Movies 7.00—C C News

7.07—lnlend and Marina Weathtr 7.15—looking Through The Papers 7.30—On The Move

8.00—U.N. Radio

BIS—Pick Of The Pops ROD—Best Of Dixie

9.25-CBC News

9.30—NHL Hockey

nae—Music Till Midnight IZOD—Marine Weather IRAS—Inland Weather

CFCY RADIO SUNDAY

ISO—Sign On 7.32-Sacrod Heart Program 7.47-News I. Weather BOO—la Boone Nouvello B.30—-Radio Bible Class BOO-News 8. Weather 9.10—Sunday School By Radio 9.30—-Bible Institute Broadcast WOO—Sunday Morning Magazine CBC

I0.30-—Wnther 8. Maritime Gardener

I0.45—Neighbourly News

"DO—local Church Service

i2.lO—-Plsno Classics

1230-0” Fashioned Revival Hour I. w

‘l.

I.I$—Te|l Us A Story Lao-Voice Of Prophecy 2.00——News CBC 2.03—Capital Report CBC

side with the best weapons, as“

vote. There are three main coursesl This WOUId indicate that 8

of play they may follow. each of which is here examined.

No. 1. East plays the queen of spades which declarer takes with the ace. eight sure tricks at this point. Hc has two sources for an addi- tional trick —- he may find the diamonds divided 3-3. or he may establish two club tricks forcing out the ace and king.

Let‘s . he tests the dia- monds and finds the suit divid- ed 4-2. When he then tackles clubs. West wins with the king. cashes his good diamond, and plays a spade to the king. East returns a spade and South is down at least one.

No. 2. East plays the queen of spades which declarer ducks. As the cards lie. South makes the contract. The holdup play succeeds because East's spades .are no longer a threat. East [can establish his spades by re-

lturning the suit and playing janothcr spade after he takes 1the arc of clubs. but he will

lthen have no entry card. South iloscs two clubs and a spade and gmakes four notrump.

i No. 3. East plays the eight of .spades on the seven and South

‘is knocked out of the box. He is.

defeated regardless of what he ‘does next. Forced to win th e 'spade. he can do no better than tackle clubs. When he does, West grabs the king and returns a spade The is forced out and East still has the ace of clubs as an entry to cash his spades.

Par on the hand. one playing perfectly. is f South to go down one.

with every- 0 1'

South has only me

by en

1 l

lrecord number of candidatesé "will fight it out in this year's: election. provided the usual. number of independents join the .

e. i

The record was set last year‘ when 1.016 candidates vied for, ,the 265 seats in the Commonsd. sThe total included 27 Independ- ts of various kinds and 12 Communists.

Progres s i v e Conservatives 1 and Liberals say they intend tol have full slates of 265 each. Con-' servatives had 265 last year. but; Liberals were short by one cam.I didate because of a technicality.‘

A Social Credit spokesman predicted his party will have at. least 236 candidates and per-‘ haps as many as 250. He saidl

the gaps will be mostly in New- foundland. Prince Edward Is- land and Ontario. Last year there were 230 SC candidates. a record for the party.

A New Democratic Party source said his group will field between 210 and 220 candidates, compared with 218 last year. The gaps would be in the At- lantic provinces, Quebec and the Prairies. The largest num- ber ever fielded by the old CCF. forerunner of the NDP. was 20 in the 1945 election.

An unofficial compilation by The Canadian Press shows that 484 candidates had been nomi- nated up to Tuesday night. The breakdown: Conservatives 103; Liberals 148: NDP 98: SC 120;

Communist 9: other 6

SEA EVAPORATES

Earth’s atmosphere receives, from sea evaporation alone. an estimated 88 million billion gal- lons of water a year

4‘

DAILY CROSSWORD

3.00~Whera The Bible Speaks 3.30—Church Of The Air CBC ADO—News CBC 4.03—Hebrew Christian Hour 4.lB—Bible Chapel Broadcast LEO—Hour Of Decision 5,00—Proiect ’63 CBC 6.00—News 8. Weather 6.15—Bo Still 6,30—Unshackled 7.00—Peoples Gospel Hour ISO—Family Bible Hour 8.00——CBC Stage CBC l7.00—-Music Styled By CBC 9.30—On The Move CBC 10.00-CBC National News lO-IO—Weekend Review 8. Our Spec- ial Speaker CBC l0.30—Carl Tapscott Singers til.00—~News 8. Regional Weather lll.05—Starlight Serenade Il.30—-News Headlines Weather Il.35~5tarlight Serenade 12.00—News. Regional Sports Scores 12.05—Sign Off

CBA SUNDAY

S. Maritime Weather 3. l

7.15—lnlsnd a. Marine Weather and Music For Sunday

8.45-World Church News

9.00—CBC News

l7.05—-—F‘ostrnarl< U.K.

9.30—lnland Weather and Mar. Gardener

9.45—Neighborly News

WOO—Sunday Morning 9.

10.30—CBC Halifax Concert Orch.,

lI.OO—News, Inland and Marine

Weather and Intermission

HBO—Choral Encores

12.00——-Rod and Charles

l2.30—|.Q.

LOO—BBC News and Commentary

l.I5—Inland and Marine Weather

LEO—Carl Tapsco‘tt

1.59-0.0. Time Signal

loo—News CBC

2.03—Capitsl Report

2.30—Sunday Con., CBC Symphony

hestra 3,30—Church of the Air LOO—CBC N w Lott—Critically Speaking 4 45---I’erlormlra Choice 5.00~ Proiect ’63 sow-New. and Weather 6.10-ln Reply 6.30—New York Philharmonic BOO—CBC Stage 9.00—-Music Styled by Johnny

Holmes 9.30-On The Move IO-OO—CBC Nat., News. Weekend Review and Our Special

peak-r woo—runs... Canadian Trials Il.00——Symphony Hall 12.00—Marlno Weather WOO—Inland Weather

lac—World Vision

l2,12-—Northorn Messenger

ACROSS 3. Be in 24 Twenty- Z' n V‘s 1. Not fresh favor of ninth " 6. Master: 4. Wary .s. «IE! Hind“ °°“°q' Pres" infi$ 11. Command 5. Erbium: dent we 12. Regions sym. 25. Cover T F A' 1 " 13. subsist 6. Massive 01.1 L.) t - m "a 14. To bleach sea. animal times l mug 15. Movable 7. Constella- 28. Slight [-3 EB I barri ion taste “E n I 16. Argent: 8 Camera 31. Deli- .__ sym. part catcly Yesterday's Answer l 17. Firmament 9. Shortage etty 38. Jacob's son 18. Its capital 10. Pale 32. Siamese 39. Biblical is Nicosia 14. Stripes coins name ; 21. Friar's title 19. Italian river 33. Senior: 42. Never: poet. | 23. Small bone 20. Roost abbr. 43. Blunders ; 0f the eat 21. Back 36. Science: 45. Insect. 27- Grooves in 22. A -——- for humorous 48. Man‘s E mud one’s money 37. Employed nickname ! . Labor 1 2 3 l 30. American 4’ 5 ‘0 7 9 9 ’° 1 dians ‘ 34.0t.‘casional " '7- 35. Grou of 8 _ pcouts ’3 7 "l' 37. Gums 40. Neuter '5 ’b '7 pronoun 41. Draw the '9 ‘9 ’0 l‘. a limit) at n 33 2.4- 25 ab 44. Certain 17 28 19 automobiles 3i 3 ems-n 50 I '53 34 as as: 47. OCcurrence 48. Certain 37 as 39 4o 4.. 42 43 49. Soiied 44. 45 4b 50. Cleaners 8 47 ea DOWN 49 50 l 1. Vended 2. Group of 3 3.; DAILY CRYPTOQUOTE —- Here’s how to work It: A X Y D I. B A A x B

In L 0 N G F E L L 0 W One letter simply stands for another. In this sample A is used

for the three L's. X for the two 0's, etc. Single letters. apos-

trophies. Each day the code letters are

HPAJQKMCM

CEY aTKREPQM

NAPOLEON

EKDEYMO OYTRY KM

the length and formation of the words are all hint...

different.

A Cryptong Quotation

CEJ c OYJA.

AYJQKFY

Yesterday's Cryptoquotc: CAESAR WAS A FAILURE. OTH- ERWISE HE WOULD NOT HAVE BEEN ASSASSINATED.—

o 198:. King Features Syndicate. lac.

we AN OLD scor- LP a YARD MAN!

OUR BOARDING HOUSE MAJOR HOOPLE

- EXPECTED-:-

AHNEH NiflflnN 1.13M V113 6'X lNiOV 1.38335

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BRING METO THE DANCE AND Pur DOWN TOWING CHARGES.”

How UNROMANTIC CAN You 6571's.? ,1

ME A‘lliTOZ‘lflHilZ? ram FLEATHE?

WOULD you VLEATHE can:

V)IOO1Vd 30f USEEXS ’8 SOON"

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