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Q.

“STORE HOURS: _ Sat. 9 - 5.30.

\

5# CH’TOWN. Men. thru Thue. @ - §:30; Fri, 9 99.30)

$’SIDE.. Mon. thru. Thurs. 836

fat. 8:30 - neon.

S: Pr. 630. &

|

¢

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|

CAMPING | OUT!!

¥

_\ered banks*invest in day-to-day

jof the reserves they now musi

}more money, a banking inform” them by the public for witn-

The FUN of learns them no interest.

The Guanfien, Charlottstown Mon.. June 20, 1968. 11' Indian Da

oe

Chartered Banks Get Chance Sucieated

To Earn Increased Profits - tive Leadet Diefenbaker has

Ry JAMES NELSON As part of the Rank Act re. @8Ked the governmen o tset OTTAWA (CP)—The govern- vision. now more than two years: 2Side # national day in the 1967 ment’s proposal to let the ¢har'- overdue, Mr. Sharp ‘proposes a Centennial year to honor the. In- formula by which the banks wit “a” contribution to Canada. be required t¢ keep. cash re- He, called” during Commons serves amounting to four per debate on Indian affairs. spend- keep in cash is a small step to- cent of their Canadian dollar |i-|™& estimates on the ‘ govern- ward enabling them to eaf" abilities for deposits--Teft. with Ment to “make an announce- - ment at the earliest possible’ ~ date.” . Northern Affairs Minister . Laing, responsible for Indian af- : fairs, said he could assure Mr. Diefenbaker- Canada. “must have a distinctive Indian. dav” in—-1967,__— Aun Paks

OTTAWA (CP) Conserva-

loans and treasury bills a par:

ant said here... - . ‘The proposal is to be embod- led in the revised Bank Act when -it is presented to the Commons—possibly next week and was. annoitnced by Finance Minister Sharp Mon- day when he outlined amend- ments that have to be made to the Bank of.Canada Act as a result mons the combination of the The ‘chartered banks now are four..and 12 per cent reserves required by law to keep—eight—amounte tothe equivatent-of 66 per cent-of their Canadian dol--per “cent of total deposit liabill- lar deposit liabilities in cash in ties, instead of the current eight their tills and on deposit in the per cent , ~ Bank .of Canada. This money 4 finance department official : this reduction in the over- all cash reserves minimum, to be iitroduced ~ gradually when

drawal on notice.

‘In additton to this four per cent, the tanks would he re- quired under Mr. Sharp's pro- posal to keep on reserve 12 per cent of their liabilities far de- mand deposits. — e

LOWERS PERCENTAGE i Mr. Sharp said in -the Com-

Banning Drug 7115 Called — Catastrophe ——

OTTAWA Brand -Saskatoon)—said

here he vegards -

the Bank Act revision becomes tastrophic that perl on pea law,, probably late this year, | thorities banned com 7115 would enabel thebanks to earn |from Canada in line with a ~ , some more money by investing World Health Organization de ~ the difference. cision 15 years |

ago. But souf'ces in the. financial — informed

(CP)

an outdoor barbecue feast for the family. Buy your, barbecue now at Holman’s and save! A 24-inch motorized barbecue. with a turkey high

hood and convenient 3-position spit. Crank-type lift and bow! handle. Rugged heavy axle with easy-rojling rubber-tired plastic legs. Bar-

Nothing like

.° (as illustrated’

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e.

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BA'TTERY-OPERATED BARBECUES — ee Portable, battery-operated. Up to 12 hrs. on a flashlight battery.

Folds easily: Reg- 16-95.

Special 14.97 ECONOMY BARBECUE — - With rectangular bowl. Handy 4position grill. Bright rust-resistant chrome legs. Easy to take

epart or set up quickly. Reg. 9.49 7 97

Special

2

. “Tt

>*

The trend Is to camping out More and more families. are discovering the wonderful fun of camping out. It's an ideal way to travel and see more of Canada. You meet.'such wonderful ‘people when you camp out

- Ask anyone who's been! So whether you're a family of 3, 4, 5, 6 or more... Cub-or-Scout; -head-for-Holman's for your tent-and all the accessories to make camping comfortable!

(exactly as: illustrated), A very popular model that's easy to set up

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plete with rugged, long-lasting polyethylene ropes, rugged steel poles : and pegs. Sewn-in floor, to. keep moisture and rain out. About 9 x9). _- ~6'3" high. Order now for this and many-a camping season to come, -

Reg. 43.95. SPECIAL... pk eee

¢

SLEEPING ROBE-- =

About 38° x 8p” long; Camper's de

AIR MATTRESSES

Extre sleeping comfort. Double coat- ed, rubberized fabric. Full size pillow. In serviceable brown. Reg. 8.98

a SPECAL Y

light. Filled with. 100% Thermofil to keep vou warm. Sanitized to. prevent odors. en long trips. Reg. 13.95. SPECIAL... A

2 =

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peace te

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ie

19°.

the Commons

field say this is a very small |health and welfare committee u p si 7 j ‘ é oth Panadia

|doctor conducted clinical: trials

6f cémpound 7115 and found it

ves than the law calls for. Sr fabulous’ * pain

The. proposed new law would Later, he told a re free the banks to invest little |was particularly fll are gl - more than $250,000,000, a small jits use in terminal cancer cases amount compared to the more because it relieved pain without han — $13,000,000,00 the’ banks yi drowsiness oz other side at-

¥,

hep. n : or- mally keep about one-tenth*o! one per cent more in their cash y re

“@ Farm Gas and‘ Diesel, Fuel. :

e Compiete. line of Shell Farm Chemicals.

_ J. W. Skinner . Dial 4-4044 ‘currently have invested in|fects of other narcotics. ‘© loans, mortgages and govern- _R. C. Hammond, the ‘eceral

ment securities, health department's chief. nar-

a ae ee ee ee COC ‘control officer, said the

drug, @ synthetic, was imported

— for clinical trials at a time when

the WHO, in econjunctior wi'h

a ’ ithe.. United Nations Narcotie Commission, ruled that because

} or its potential to lead to addie- tion it should not be used. - ~

We carry the Newest, ‘Brightest and,

~~ eg $y

MEAT PRICES Rise

| Australian mutton and hee ‘ export prices rose 25 per cent r in the last year owing te world :

THE FASHION SHOPPE 144. Great Tale oe os Gast! Diel 4-3355

— eg ere ee shortages.

a ¢

\ : a = # = : z

May we remind you’ that there is little less than

a month left to send in your

preliminary precis for _Imperial Tobacco’s.

Nationwide Centennial

~ Competition Heo: Gene

“€anada-2000 A.D.” ee

é ee,

=" — Dr..> Brand -asked whether Smartest Look in Professional Uniforms. there was aly evidence ef addie- - @ Terylene and 1 Terviess Vette Se Cetten — —~@ una | Mr Hammond. replied. a —- — Blend sy evaluation was made in two Eu- Sizes Junior @ Senitized .gfopean countries and on_ the Pente S$ - 18 @ Priced from |basis of this the WHO decisions te 8-244 $5.98 te $1795 was made. erie

Portable | TV

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’

‘

; t q ee ee

. f Ti i ee : i > living at home or abroad, you are. me « invited to submit a tive, critical or analytical work describing how oo we \ Canada may, should or will develop : > over the next 33 years. ~ c _ All prospective entrants are asked | —— to submit.a preliminary precis of to the proposed work of not more. than +=2500-words-byJuly_15, 1966... = ~ a — ee Submissions may be a English We hope that “Canada — 2000 A.D.” will - or French. present a challenge ta many hundreds of The grand award will be $33,000, thoughtful Canadians who care about this ‘ h nine other awards of country of ours. Many, we hope, will have one : ideas of how it may or should develop $3,000 each. over the next 33 years, and w we may : expect in the year 2000, whith begins” . Ee Pe es oes — wf new cenury. a a ‘NIDGES FOR THE 1 earnestly invite all Canadians who have IMPERIAL TOBACCO CENTENNIAL something 4o say; to enter thit competition. COMPETITION ARE: Perhaps among the winning entries, new : and excitingxdeas may come te light, ine ne Oqisen, S.Com.. L1..D I wish cad lack to everyone « ic 5 Chairman, Economic Council of Canada lakes up this challenge. , Earie Birney. MA., Ph.D., LL.D., F.R.S.C. - oe Writer in Residence, 3 University of Toronte eatin ot Oho M. Kee The Hon. Alfred Maurice Monnin, President “7 K-LLCB Justice; Manitoba —————___— unions Court of Appeal, Winnipeg or Claude Ryan, B.A ____ For full detads and regulations write to: rae Ua Trai SODA.” licen: Wane WA Oth “ Imperial Tobacco Company e i of Canada Lid. : Heart Penartment of History, Balhousie University, Halifax P.O. Box 6500, Montrea! 3. Qu - % , ’ of ~ + 4 a