f| Instalment Finance Firms... Cut Indebtedness To Banks. eae. Last week, it dropped By NELSON ‘OTTAWA (CP)—instalment fi- year financial reverses end damaged failure of Atlantic Corp. to meet its bond payments—have sharply reduced their recent indebted- eee eh ne eas to the chartered banks. i the chartered banks for ready eash and provide an important pert of money-market activity by their notes. During the 2% ti i i : Ey fT te ty li ‘ ls $F on. the finance by ensuring they had oney to carry on after Atlan- a2 if il | 3 ’ There was an immediate jump in chartered bank loans to the instalment _ finance. companies further, to $378,000,000. After. the Atlantic Acceptance failure, repercussions among other finance companies meant tie’s default: + Following the drop: last month THE WINNER - NO BONES ABOUT IT RR ee ty OTTAWA (CP)—Nine of the 191 new standing commit of the House of Commons. Have held’ their organizational’ meet- ings and some became lembroiled in controversy almost |immediately. | Normally these first meetings merely select a chairman, and lapprove routine motions. | The fin committee hit a snag when it came to setting up a steering gfoup responsible for agendas and res. Marcel Lambert (PC — Ed- monton West) moved that the group be comprised of two Lib- erals, two Conservatives and one member representing all of the small parties: Bert Lebeo (SC—Cariboo) pro- tested this would deny two of the three smaller parties a voice in committee arrange- ments. ; David- Lewis (NDP — York South) proposed the issue be shelved until a later meeting and the committee agreed. ARGUED ABOUT SIZE . The 25 - member tr eommittee argued about the size of its quorum, some members suggesting 13 be required for a meeting, others wanting 10. Reynold Rapp (PC — Hum- ling out for 10, sald: he didn’t want to see the committee ait ansport |tee on miscellaneous estimates boldt - Melfort - Tisdale), hold- |c 8 Tie 00 ee ee 2 100 New House Com ° 45 Embroiled In Controversy around idle for half an hour mittees Flamme 4 US. Increases Bonds’ Interest WASHINGTON (Reuters) — President Johnson has an- interest on U.S. sav- Cent oa peewee ere Ag = Quebec - Mont- cipation ts waiting for a larger quorum. morency . James Byrne (Kootenay; Transport—Joe Macaluso (L acanien serntic Soares East) said the committee's de-| —Hamilton West) and Gustave | ov, U.S. fighting men $n’ Viet met a out of a study r passenger services will be important and should not be decided by 10 members. It was agreed to set the quorum at 13. j Several MPs suggested the committee hive experts to help it deal with financial data from the railways. WANTED ANALYST H. A. Olson (SC—Medicine Hat) said a cost analyst would As usual, the election of com- mittee chairmen and vice-chair went ing to the lineup previously determined by the government. | : One hitch in this arrangement almost occurred in’ the commit- and ar. L—Restigouche- | UYi® - : ate) sad Wallace Neo con increase = bitt aes ngs ogg Stand orders—Patrick selin (L -- Richmond . Wolr |betitive with other savings an James MeNulty (L—Lin. |7!2, such as commercial banks e Justice—A. J. P ves Forest (L—Stanstead Th Miscellaneous ot tnantga:.. \vles results from a decision ta- Yves Forest (L — Stanstead Fernand Park) “and |e owe taterest rates. ‘ken by the federal reserve sys (L—|tem, an anti - inflationary WASHINGTON (CP) — Post- ponement of several new Cana- when Conservatives nominated James Ormiston _ (PC—Melille) for vice-chairman. He lost: respectively, of the various sex West) and. Ovide La-'of view, dian securities issues in the last ae (Reuters) — Foreign|uarter of 1965 improved : the A r Tuesday expressed willingness Chairmen and vice-chairmen, jto send medical aid to North |000,000 and | Viet Nam. if requested. He told|merce department committees: ithe lower house medical eid is | showed. Finance—Herb Gray _L—Es-|based on a humanitarian point Etsusaburo Shinna | United States balance - of - pay- $200,000,000, com- statistics | chames of new forefey secaritttes | ty t expected {2 March. But 8 totalled about $270,000,000, com- | probably will not be made pub- with nearly $400,009,000 | lic either, Mr. Pepin added. for the third quarter and nearly | The study was ordered by the $1,200,000,000 for the full year. former Conservative’ g 0 ve:rle The Canadian postponements ment and was one of the main the first uarter of 1966, done points in its national develop- U.S. request, helped keep the | ment program. full-year total for such new for- | ei eign issues within the range of} FRENCH MAKE DRESSES ments figures by between $150,- $1,000.000,000 to — $1,250,000,000/ Quebec has about 200 women’s existing anpually since 1962. | .jothing factories produce : ing neatly $200,000,000 worth of Report Ready — | On Power Grid OTTAWA (CP) — A consult- ant’s confidential report on the Proposed national powe. grid was received by the government in 1964 and will not’ be made public, Mines Minister Pepin disclosed in the Commons. | Replying to former resources minister Alvin Hamilton (PC— | Qu’Appeli=), he said the 1964 report: was of a preliminary nature and contained coniiden- tial information about public and private power utilities. uA The final report on the study H.R. DOANE AND COMPANY and _ WINSPEAR, HIGGINS, STEVENSON € DOANE Chartered Accountants 134 RICHMOND ST., CHARLOTTETOWN Saint John, Halifax, St. John’s, Montreal, Toronto, Winnipeg, Edmonton, In Loving Memory of “DAD” Chesley W. Buell Murray Harbour, P.E.I. duly 22,° 1916 Feb. 19, 1963 “Absent from the body. Present with the Lord.” Ever remembered Wife, Carrie and Fainily Calgary, Prince Albert, Vancouver Feb. 9 Criminal Abortion Claimed _ More Prevalent In Married * 1998. This :is close to a 25-per- “eent mortality rate charzed to abortion.’ : However, improved methods ef police investigation should help to reduce ‘what is be- lieved to be the third most pro- fitable crime in the country after narcotics and gambling, he said. . we SEEKS LEGISLATION Sections of the Criminal Code with et to therapeutic abortions aré Gonfusing, he said. 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