~NEW PARTY IN NEWFOUNDLAND

, Paty, a) sat enema mth PC prs servative essociation.~ They _en- ihe: conte mored te, sacar nounced formation of the New-

had

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15 | toundtand Party but gave no de- (CP Wirephote)

Increase In Interest Rates

7

> By ALAN DON?

Canadian Press Staff W OTTAWA (CP) — Recent new in interest rates on borrowing point up the that there a eee precious little money available to the heavy demands

term; money market. ; Furthermore, the sitgation geems likely to continue’'as long as economic revival continues at its present rate and the Bank of Canada holds to its apparent pur-

.}chase of three-month

pose of keeping the lid on “the money supply.

An important indicator of the state of the short-term money Bank of Canada, geared at a above the average interest yield of weekly tenders made fof. pur- treasury bills issued by the federal gev- ernment.

REFLECTS PRICE | Thus the bank rate announcdl

Five Business Places Robbed Early Sunday

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station operated by Aldius MacKénzie of Morell, the station gperated by W. Geldert near Lot 40, and the plant operated by Mullin Motors Limited, ‘Mount Stewart.

Thirty dollars in American money, $50 in silv and a quantity of cigaretes} were Te- to be missing from Mac-

~Kenzie’s, while a ~“motorcyle~ is |

said to have been picked up by the thieves at.Mulkin Motors. At MacSwain’s the thieves abandoned their original means of transporiation, a trick re gortedly stolen earlier from the

{sland Fertilizer Company. They |”

continued their nefarious journey in a Morell Co-operative, As- sociation truck which they pick- ed up at MacSwain’s.

Hearing something of the commotion before the thieves ‘éft their property, Norman and Sterling MacSwain took off af-

Social Medicine $tifles Research

‘MONTREAL (CP)—A Perivian Soctay Saturday said socialized

ter ‘the smash-and-grab . arti

re unable to locate them:

“rae ort truck was found

aband later on the airport Charlottetown.

road near

%

These two chil were out- side playing fire —raced. through a New Hamburg, ‘Ont.,! business and apartment block |

medicine has stifled medical re gearch in Britain.

claiming the lives of their thothers and two other children.

market is the interest rate of the

level-one-quarter of one per cent

each Thursday reflects—though at a higher level—the average price that lenders in the money market want for money loaned

Emphasizes Loan Scarcity .

to the istesury for 91 days. Earlier this year the central bank rate increased steadily for nine consecutive weeks from 4.30 per cent on March to 5.30 om May 14. For ne two months afterwards \it flucttated around

that new level. But in the last two weeks it has jumped by .35 per cent to a record 5.66 per cent last Thursday.

RCAF Dakota Joins Search

HALIFAX (CP) — An RCAF Dakota joined in the search Sun day in western Labrador for the two New Yorkers missing on a 12-mile canoe trip.

John Walcutt, 42, and John Carter, 41, haven’t been seen since July 3, when they. set out from Sept Isles, Que., for Grand

\

[ae followed their route through rivers and a chain of isolated lakes but has found no traee of ' them. :

CHILDREN ESCAPE FIRE

Donald, 11, son of Mrs. [Aliwe-Miat-

's-of Niagara Falls; Ont.. and

Al Crabbe, 5, son. of Mrs,

Fred Crabbe of New. Hamburg, were the lucky ones.

(CP Wirephote)

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HAVANA (AP) — Gunfire

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Christopher Cockerel!l, the Hovercraft inventor, emerged

It Havana

ls Stopped By Guniire

Cot Deal, Rochester manager, said club president Frank Horton had ordered the club not to play Sunday after being told of the .in- cident. George. Sisler, Jr., Red

Associated Press he had discus- telephone. “Horton and I- decided it was

occur,” Sisler said. Verdi was coaching in the third

Wing general manager, told The sed the situation with Horton by

unwise to expose our playerg to something unpleasant that might

Verdi told reporters it was for-

CUBANS CHEER CASTRO'S NEWS

in a move to oust ex- Presi- tase box in the absence of Deal,| dent Manuel Urrutia. In a who was thumbed out earlier by| subsequqent -television ap- the umpires. Verdi was knocked} pearance he answered ap- to the ground when the spent bul-| peals for his return by say- let hit his head. He was shaken| ing his decision would be left up, but not hurt. to the people at Sunday's

BEIRUT, Lebanon (Reuters) — Representatives of nine Arab" countries arrived here Saturday to prepare for a two-week con- ference beginning Monday to

—-$ SROTIONS 96 PAGES

\

= to join Russia in

to be urging her Allies-to agree

early summit talks.

.By MEL SUFRIN Canadian Press Staff Writer PORT HOPE, > Ont.

tend Sunday services at simple, dignified St. Marks Anglican Church here, then returned to the restful seclusion of Batterwood House.

Thousands Mned the streets of Port Hope as the royal couple accompanied_by their host, Gov- ernor - General Vincent Massey, were driven to the 137-year-cld church, situated atop Protestant

Former City Pastor Preaches To Queen

from 2:00 p.m. until 9:00, except for a one hour supper break at 6:00.

LEADERS

Discusion leaders ‘ncluded

‘of the SDU. faculty, and provin-

cial agricultural «representatives, Audrey MacMillan, Altan Paimer, David Peacock, and G. \MeNeill.

widespread each year on the Is- land. Lack of capital, market un- certainty, and the growing com- plexity of farm business, were seen as contributing factors m the spread of the vertical integration ess. The Mount Stewart Strawberry Exchange, Morell Oreamery,

-| Amalgamated Dairies Ltd., and

the North Rustico and Tignish Fishermen’s Co-operatives were listed as prime examples or a de- sirable producer-controlled ver- tical integration process.

‘

Threat To Province's Agriculture Seen In Uncontrolled |

ntegration

teachers decided.

awareness of the problem.

(Continued on Page 3 Col. 3)

er groups asserted. ’ : eo GROWTH SEEN Frince Philip got right inside) st the Saskatchewan moscucn of] had beba ‘removed * Most groups agreed ee eee that - tendency was - more ’

K was up to them to educate community leaders who would in the need for co-operative effort to overeome the threat posed by un- directed vertical integration, the

The inclusion of a section on co- operatives in the school curricul- um and an annual essay com- petition were put forward as other methods of creating public

It was also suggested that the

This is the spuakubad of Wash- ington authorities in reviewing the nine - month - old conference and attempting te determine what lies ahead.

Although ts seem less than bright, the negotiations still could lead to a breakthrough of most far-reaching consequences in the cold war.

The nuclear talks have reached an important point: The U.S. and Britain are considering Russia’s apparent turndown of what West regarded as a rockbottom concession—to allow one-third of the .inspectors on the proposed atomic ban control posts to be Russians. The West originally in- sisted that all © spectors

e from neutral nations. AGREED TO CONTROLS

Here’s the over-all standings as Washington officials see it:

Moscow started off by calling

°

from inside open-sided cabin, |5¢¢k ways of applying more eco- natn ee from his |20mie préssure against Israel. |ity of 7,500. “It was not as elegant as per- | Arab Republic, Saudi Arabia,| Some 300 members haps one would wish—she threw |J°Tdan, Iraq, Sudan, Libya, Ku-|of St. Mark's filled up a lot of spray and gave us a wait, Yemen. and Sabanoy_vilchrch 9@?Rev. @. E- Mott thorough “soaking. But the cros-|meet at the B snountain | native of Toronto who came “xg fully » firmed our betief report near here. j (Continued on page che Horescraft bao a teal kuaie ae in practical ” : The Hoverseft’ locke ke the | AALTING ATOMIC TESTS fying saucer of space novels. BR - = ects wi aes hee ® efe es é surmounted @ squat, broad funnel. The funnel houses a’ fan f Tt C near Significant Concessions by a 0-horsepower piston en- = : gine. SS} Made In Talks At G ~toeoet=| Made in lalks eneva When someone cdngratulated him on making the crossing on| . By LEWIS GULICK .Geneva talks on halting atomic)for.a permanent non-supervised the anniversary of Bleriot’s flight } WASHINGTON (AP)—The West/tests, but the Russians have|treaty to end all atomic tests. he said modestly: “His was an|has made some significant con-|made even more eae panies to|The West advocated a treaty epic flight. We just got wet.” ‘cessions to the Soviets in the|the West.

backed by controls to spot any violators, with the treaty subject to yearly review as to itd. effect- iveness and linked to progress on other disarmament measures.

The Reds have since veered far toward ‘the Western line by:

1.° Accepting the idea of con trols to enforce the “treaty, in- cluding inspections inside Rus- sia.

2. Agreeing to yearly review of the treaty, plus leaving the door open for other nations to become members. :

3. Agreeing te permit nuclear explosions for peaceful purposes.

4. Dropping demands for a comprehensive veto which could be applied at any point in the enforcement machinery.

ALLOW RUSSIANS

The West has yielded to the Soviets by— ©

1. Dropping its demand that

(Continued on Page 5 Col. 2)

#| Standard Company

al Five cenis

ut Meet With Reds Is Said Urged By Britain

Berlin Truce Seen Near If Top Leaders Confer

f The wew of Brtain’s Foreign

ready have moved near enough toward a Berlin truce to justify the calling of a top ievel eon ference.

But his American, Freach and

a result all will press ahead with More slow, grim, bard bargain- ing with Andrei A. Gromyke ef ‘Russia in the next few days.

Licyd’s position became knows as the two-month-old conference here faced a week of crucial de cisions. K. is clear the negoua-

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Oil Licenses

Are Renewed

Both the oil companies interes

ied in exploration.in Prince Ed-

ward Island have renewed their

Natural Resources states Imperial Oil Lid. and Cakfornia have kept their licenses in. good standing.

D. G. Crosy of the latter com- pany and Gordon Atkinson of Mobile Oil have visited the pro- vince recently, studying the geo- logy of the area...

The Department of Mines and Technical Surveys has had geo- logical teams in this province each summer since 1953 and will probably have a full report with- in the next two or three years. At present L. Frankel is study- ing bedrock and superficial geo-

on a one-inch-in-two miles, scale. G. H. Crowl is doing similar work

Thev have four: assistants and have recen‘ly set up a small lab oratory in Charlottetown.

in the west half. of the Mount hn art area

WHERE-TO-FINDAT Announcements, noticés 10 Births, death, etc.. ~~2, 10 Classified section ...... bt] Charlottetown news ...... 5 MN 20 A ac iicebeecs 4 Island news 2,3

Comics, features ; Saks = ee » Late reports from Guardian news bureaus in Summer

Souris, and-from-—special-cor— to prevent|camera shots. The. Queen and|. respondents now appear os xiight spoil | museum director look| the Island News Page

oom "a Wirephote)

logy in the vicinity of Moptague-