FLEET AT ANCHOR

The eight-veue‘ Ca- lpuf all the ships tinder Ti-inidadiF‘ive of the ships tied up in Vinn- ad 1

‘ii. 'i\ ,.».~..m fleet of Canadian Nation reaiatry. is it up .‘ sic-iinisliips. strike-hound for;lfarbor and there t.i .i months before the companyltinn of when the vessels

Halifaxitreal. when the at r l l: a bean. no indlca- came to Halifax last week to es- will aall.l

Rumor Tax

on can To, I2-Milo Coastal

O 0

Waters Limit _ _ OTTAWA tCI‘l New Bruns- OTTAWA tCPt—Th¢ ianadtannick will get the "full benefit"

Be Halved 3°"9”‘m°"' 83"? “ml” Th“"5d3Y of current declines in federal bor- "ll\\tA t('Pi—l‘tnant-e Minlit will claim a i2-mile territorial ow,“ "Ms when H mcflves - tiuuald Fleming offered noilimit in coastal waters when an ;30.0m_(m ;,.d,m i,,,m_ pmum, iiitIlli1l‘lll ‘l‘hui's(iay in the Com-‘international conference on the Mlmsm. D,,n.id puminl “M -mm; unen asked about pub-‘law of the sea opens at Geneva Ti,,,rsd,,,, wrrl tcports that the I0-per-cent Feb. 24. H m,',d(. H“. §[,m,,m,m in the Mt i«-c tax on automobiles will be This is a continuation of the pol- commons afler announcing Adm” ("it to the per cent. ‘icy of the former Liberal govern-tin the interest rate which the

,,..

\n such st at e m 0 nt was‘ ment. The territorial limit now is {Mara} mmmmem h d . . . t aii':ii-itlcd by the mlnIstPt' of fl-l considered to three miles but {M ,.,,,‘new bond 1...”, "mm mite iii‘ an)‘ l,l0\t‘t‘t1m¢n1 S0tlt'C0 some countries have claimed aITh,,r5d,.y' U '

that tip aware of." Mr. Fleming‘l1mji of ,3; much n ma «mt, \iii:l'\I Qu(‘l(‘lldie5'('l_-AC‘ldl.:'dl. I {mm mm. was”, ‘i ‘Pllllll sat arier n * - . 5 «- - mm ti:"'c‘i$m::‘.i;:'i::‘°‘1.;c. *..:*:.*::.*.:':..:*;*".‘.°.:t' h‘i’a'liitirdctll?:l‘l'hale\gD“tBlmetf: £5 . document prelnred by . Can.’ W-Ood hydm power developmu“ _ - ~ dlan government ir.tcrdepartmen- on me 3;, John River. rim. i“' ‘‘ 1°53“? "“ 13* ‘hey M" tal committee and forwarded to Mm,-fer mere Mk - . f""‘l “ll” *3“ ““ ”“‘i'.' W-‘~ the United Nations. The document in J, i n er’ m announc ll" "I-“' 1”" "“l’°"‘°d'~V “id contains "provisional (‘0nlI1'I€nI.5"lthi 9- 3,an.,.wm€i:mb: um‘ um "' ""‘""“‘-""‘ ‘5“"'°""‘“’°Inn the report of the U.\"s lnter- '4» $2? w\?";ll h charged rlrttltill proiiiiscs \\Ill be met bylmfional “W mmmiukm which eighth ofcnng r ‘;_e ‘W35 “Z? ‘ll’ i‘‘‘‘’'”“‘"-’“‘ ‘will form the basis of discussion federal cost ofphorroiglngwr . 4 1

mile‘. W. H .\lc\'Iillan ti, Welland)

I’ asked whether the decline will be

i'iime Y\iinisier Diefenbakei‘ u m

. 9 Geneva meet . _ . . *"'”"““‘d d " " ' " “ ”‘° . °°“°"| Mr. smith said thc‘=nfnterdepart- -9 i arglemlllrlm “kl H" ‘DH "““"“‘*-"‘ ma‘ ”“ °"°'5‘ W‘ menial committee not l( n r W rem“. ' ‘mun- “M1,, N. ,.,.,|m.,. _ ‘completed recmnm9ndnm)’:ts ie:-dk maximum for New Bruns.

. r o t w c .

‘to the aovernment on all aspects

Bank hflore" .,,, me I", 0, me mt oLiciu.i' UV!JIt3l.'BS(ZIlIBl-.'lI l

A _ Earlier. the minister told the PILOTS END STRIKE Commons that 3650.000 in ne Drops B" n.\hf.s;TlI;‘RD.AM tReutersl—KLM;bond issues was oversubscribod , .. , .. _ ‘ _ oya utch Airlines pilots havevin 30 minutes Thursday ""‘”'\l” H 1'“ '““‘ ‘°".dcctded to end their four-month! He said $250.000.000 of “ ’"“"“‘ ''“‘‘‘‘l ' “""'l‘ “'"h ‘“'i"fl0-slow" strike. for .50 Per cent IK‘l'-ccnl bonds due Oct. 1.

three- 1959.

nii.llt(‘lll(‘lIl “(‘(lilt'.\(la_\’ by (Ian-lwage boost and improved work- were alloted against cash sub»

atlix cliai'tci'cd banks that they ‘"55 "““di“°Ni ll “'53 133113“ iii". 'eritice their interest rates Th“r5d.y-

-vi zizznic loans by ‘a of one per 41"“

scriptions . and applications were accepted convening M00. . o bonds scheduled to mature aria. Provincial Bank of Canada. next May 1 into new three-per nd To- lcent. three-year bonds due Dec IS, I960

i ill‘tl(‘R\P mil be effective Royal Bank of Canada a list ‘ and “Ill bring the prime ronto-Dominion Bank. we rtmin to .51; per cent from

'*'- i‘..i'rnt .554

ll’

rate is the one tin »l[\DllPI to best W003 01 sets the pattern for rates l

\ tt~iriin;;l_v. the decrease will wait I downward movement in "l't‘lf‘~t on all bank loans.

" -i=a_\ mcan. too. that loan it We somewhat

' is both because the lower

‘N indicates that money II mu’ 9 plentiful in comparison ‘I ‘i' rictiiaiid. and because

“gt. tale of 5% per cent wa

isi »‘ to the maximum of six pet tr-it iiiierest which the banks art

it tic little difference in the

'<r itiarged on the best — so i i -it loans aitd those of a more ‘ rt ii.'itui‘e i ii» \lIlil3Il0n in the opinion of iii» olisct‘\er.s. has tcn tr wt‘ it iiitirc difficult for hor~ i it with less than maximum W tits in [.101 money. 1 "\\l. DUNE BEST

Mull officials. however. have ‘well that they hate done their ”‘ accommodate all their ‘lt\lllt"l'\ to the extent advls “ ‘' iiiiilcr preiailiiig circuni and to the extent must: ''‘'i' uith the tight—monev policy ““'iti itas being I on

‘ ‘till i’ltt the bank prime raft

‘tuned to (he. subsequently it

o 514 Aug. 20

22. 1956. and ti

lb; «i-rreni 51. on Aug. at of thi -it

’ii.i- increases were in line with

FRIDAY, Dec. 6th

in Its rt-discount rate. ""‘" it I‘: per cent. . the reduction an "’‘‘'””‘d Wednesday II in line ""l‘ "Witt teneral reductions In ‘""tP.st rates.

Tl" hunk of Canada rate. to tttstancc. which reached 4 "'1' ‘ti-SlkAug. :2. is down

.83 lie‘ to 8.76 ‘his vigg _

E

‘M at is it the average rate paid In lmcrnment "lllth he

luv“ the freeze tip an the other three vessels. t(‘P Wire I photoi.

Fo rYour Christmas Shopping Convenience

. . . FOR ’’FAMILY'' SHOPPING . . .

—ATON'S

‘N CHARLOTTETOWN

ON THE FOLLOWING NIGHTS:

MONDAY, WEDNESDAY, FRIDAY, Dec. 9th, llth, 13th MONDAY TO FRIDAY INCLUSIVE Doc. 'I6th, 17th, 18th, 19th, 20th MONDAY, Dec. 23rd Also FRIDAY, Doc. 27th

EATON'S muons AREA is IRIGHTLY Liotirsn ros NIGHT SHOPPERS

..s.

fl lo Min

Plan 7° C'°::_l Promise N. B. Will Get Full‘ Benefit Of Cuts In Interest

The cash proceeds of the new issue will be applied by the gov crnmcnt to redemption of $250,- 000.000 of 2". - per - cent bonds maturing Dec. 15, 1957

Mr. Fleming added: “this very Rl’a1Il_\'lnR response reflects the

-('OnIld€II(‘(‘ of the investing public

in the strength and st the Canadian economy.’

He said money. credit and In- terest are “easing substantially."

c. N. R. Reports October Deficit

MONTREAI. t(‘I"l Cant-idian National Railways Thursday re ported a deficit of 3183001! in not operating income for f)t'lnlW‘I‘. This compares with a credit of 89.057000 in net operating income for the correspcinding month of I050.

R;nluay- r e v 0 n it P .s for the month More f-6i.‘tti2.il00. com pared with $70.9.'l1.000 Expenses amounted to so2.147.00tl. against 80l.fl74.000 for October. 1.956.

For the first 10 months the (‘NR earned net operating in come of $.'l.2tli.00tl.

Operating revenue for i.'l.’i7 was $6.'l5.I68.0()0. compared with 8645. 741.000 last year. a decrease ol 510573.000 Expenses were $6.11.- 8tl7.000 so far this year. compared with $601,561,000. an increase of

ability of

‘can he i'cfiielle' in the air to fly iii.ii illt‘_\' cziiiiiot he mzitle active. ‘'1 just wanted to warm my I

It's so easy

jusf [mud in your coupon book trilb each deposit.

V a a 1 -.—s_-gym nmaldpyghlo to»-1--at-of amino. and he!" he cat‘! "has N11,, (jug,-dfian Pgge I] ‘ u|c| 3 n 5 at i.i..n..t..... - ‘.......i in fat‘. “so am hr M d, ' Dec 2 1957 I l.aim,~ l.o:u-in Hllih i,aiigtioll;aiitii«- he twnt upstairs and silt 0" 3)» . 0 ' f ' ask "(an you Hi e an aaaur intwd his parents _ _ , ..- - t Y Int! that ‘here is no dan:er if I was so 'tianlifiil in see him ‘tine of these airvraft ‘were to I ';'r:i..r1iitd one-n get mad. his‘ Tnl?n‘\T0 t(,‘Pi A new Fang l “hittaknv ..4\: Jaiiit-s nltIlllHfl_ “I.” m "'""' . ""'l'“ P‘ a ‘H ‘M "Ila" D18)’ which borrtiws its plot as tho iiiiiiir iniiiistci s tmttlii-t l"Gl"_" '1"|:"l""‘: _‘ i "Om thf’ ault'ld¢ in Egypt of ('a- limit ulio puts picssiiie on the "(ml ‘”' ""p“"‘| \"‘- '"' N R ' I nadtan diplomat Herbert Nor-'minisit~r to toe the party line is I 3"‘ ' "’ " "“ ’““‘9'’' "' °''VVaYr USSFO [,,\m,\ m,“,,,,‘. 11,, man had its world premiere in ‘immensely siim-essfiil" in re *”‘ ""1""-"“" - I ' . . rt Toronto's Crest Theatre Wednes- portiiig for the prime niinister, ' ’“*‘*’ a'‘‘‘' “'''''”''"‘d ""*t’“ To Bulld P ants ¥g“‘.:d,".f Y(h;;:"".‘n';1“nnT|l:lI:fl"‘ll’! dav night. iullo does not appcar ‘ "W ‘ti? \ttl<*iit‘nti Zl|\8l'nnlt'III 1 l." “lily, h M. .,.,... ltd ,.i Author John Gray's Bright Sun’ '1‘-it-oiito Star ('I'l1lt' .lH('h Kat-r I‘'“‘'‘’‘ "ll" It 8 llt‘t|t’l1t‘P I" keep .\l.T N-irw av MP The news ‘”",' _ "_ W" ‘ ".” H?‘ W. .,,,. at '\iidniltht sets out the problem s8.‘* (ire) has written ‘an im 3'‘‘‘'‘.V‘ '’‘‘“‘l—‘ ““"‘ "ll" 0’ ”"‘4' lh‘|i"" rllmnmkrn “Nd Thursday mm“ (‘Muir ‘N iH"l - ~. ‘I of a Canadian external affairs passitincd drama in the limit of W'''“'9 I‘ 1" ‘ht’ 8”‘ Ittlttt "Hf \'0t‘via.\ and lit? -\'v\N't into" 1"???” "I we Lu." H mm niiiiislcr in deciding how to ex-‘c-motion." hlsfs. a spccial tntiker macliine plan to t‘nup('IIliP in "llllding ‘H _ V, V, ‘ ,1 Plain the suicide in India of a‘ “(ii-ay's‘eai-nestness in uriiing “htth ("an ito up and help refuel Itilll t*lt‘ct'I(' pti\At’l Ntitlltlllx in the I,“”_“ ,8“ "fur , _“ W“ ' M, ,,‘e Canadian diplomat who had been the diam: is never in uuesiion..‘" |''‘t‘''i*’' 50 that 1' "Wt! was Pauli \'u‘lv' -‘stun: their border W''“ “O “M I" N W U ‘ siiblet-ted to charges of ('umniu- But his goals are snnietimes oh 8 ‘ltt<‘S||4m of ii not being able to in.» ... ilflpappf‘ cum ,,.-gal... “"1 "‘” ”"“""“""" "" ","‘ ";"“‘ nist leanings by a Uiilied States \t'lII‘P(‘l by what often sound like” land in this t‘4iltIllI\, it could fly lltins start nt-xi ii.-.-it in Oslo it ‘M’ "f " M“”"M “WW "I H‘ Scnate stih-committee. Iht- scli-ctintiadictioiis of his priii- hack to its own base in Aiiier said Dlt‘~4'l‘.’ plants will tor \ur H‘ " “H John llrainie heads the cast as -cipnl cliaractcrs and the lack of it-a " \la\ in .-(,ni..ii.,ip “M c.,.i.,,,, “,4 P'”'"’ “' " ‘ ' ' P’ " " “"" the minister and Globe and Mail clarity in lllPlf' tiiotiics " - W m,.;,,, H, m,,i,i .h,, ,,,,".r ”,r,., '“"“"' ”“' """""‘ """‘ Ml drama t‘l‘lIlC Herbert WhlIIRI(Prl Rust‘ .\Iat'I)mta|d of flit’ 'I’iirnn1n ‘ Th‘, p'.“.k‘ “H... Hmnmu fiiiir first l\Pt,'tnlP a iiiiiiiw-i of described him as an "excellent Tt"lt‘lZl’«'lfT‘I says With eierv l’I*- Kn f T .i.. ii, . ,,,.,1. ‘in it .. wt-1 i .. i~., m”_‘_v.. ,<W.,., N, [hp p1m_wmmE mm (‘n O O "E lltlllllltln If (F itill 9 His!’ iii 1.: am . . n I_,A(,E" WIT" ’ CHOICES imp W‘”_°r"mm'‘_-l - Wnmrkahly E t Y ‘[)Ill\|(l(‘ llie \lfll4'l ptt\\t'l‘ Fin |.lflllfl l)lsl.l(IIl was ,iriiiit- .i;ii.s Ilraiiitc, as the minister. is fine um», there were tinit-it last I oung '"“"l‘"'t ‘V""l ""' faced uith a choice of sciillling niulii when it seemed that the ' the memory of his late friend ,,,,,h,.m., M“ "M W mm.“ ‘D, ‘ or hiicking party policy which dic-3 1 d ' ’ . laws [hat the “we must hp Rlnyipaii ing the stage pcifoimance_ w“.m.r_,\l Kan ‘U, HMO" sed mcl‘ because elections are in 5“ alrcciiig with the playvt t‘tfiht\ \6“Hl old llntiert 0~'i>\\~kl ktlt'\‘ the offing. «political viciss." -what was toiiitng Smite i'l’lI\\l£‘ ' ‘ ”‘ "‘”""’ "“ ""“ “"“’ ..,u the (lp(’l.‘1illl,l iahle an a walk :1 our of the liospitai wlic left ‘alone for a brief time Wed nflrrfiw ‘he "mun, yml need qu“k'y . n-is(a_\ . ' W. 5-3,... 1-h,,,‘,1,,_\ is i.,,,,.». 1,1.-. and oasllyl Simply picli iip_\mir phone It s . K. he reappeared at his lionw. wilt and arrange for a loan from lrans 3"” ’“'""“ "H" ' "MM M (‘aoada (‘rcdit “P to in months In t _ . i I _ _ , . pianos. armv lie‘icoiitm‘s and ’ i.~lvtl\\1.’l(lfnl"\l”utnAF:.\ Plltfgo “‘l|llls Ll‘yl it ltiif-ti\lllll.t~(‘|ll1lll lniird Emund Mrnfi mru} “n 'c,m\ M in MN” “nut, hudgn. ' ‘ls . all lnr . Hrs _ _ . . ‘ ‘ itie: have taken elaborate pro:-sit 1 Vin the \l‘t'tlllfI in l|IllllllIL'. 1'"? hm‘ “m M ‘RI E'd“md‘h\ (‘Ill ”‘ ‘"d"‘.\’ ' h) ""°l"l“"‘¢- lions to prevent A nuclear blast ll|l‘|lll)f‘li of the l,.’ll)fll'»Ditl'l\ etc 0§T“."‘k|' ha: _h::n..M ;;n.Mh in the crash of anv crippled I’ S. pi‘:-sscti concern liccaiisc l’ S air- W( n'm"” " ,m,”‘ RT; ‘, ‘ I Mr I-'tii‘cc bombers in Bl'l|JIlI'l .tt‘att il_\ina patrol missions frtitii "mu (W Nmf‘ a' U H mm fir lie told the House of (‘otiinions'lii‘ittiiii are ('Hl‘l')lllK nll('l(‘£lI‘ "ndpr h” Hm‘ ‘' mumr MN" ‘l'ltiti'sria_\' the nuclear \|'t"€~l[‘M\IlR}\\f‘.'l ins INTI‘ .‘ H H m h‘ . ... , , .. (‘fl '5‘) \ )'fllI‘ P H. mm din its planes flyinil from sm-.m-iii ion ru.ii.\ist. ' . " ' ' ". the All-CANADIAN LOAN COMPANY hll father said. lle rt had a am British bases ar not armed The \Ifli’lVl‘.llRl1. in atisiicr to in , A H, 4 _ d km“ \\c.-ipoiis are in separate (‘nmnnn- i’.iii'ri* «if qiicstitiiis said "“?‘r' lp°':";"tf.'" W N \ F/7 D / ‘ / I / ” , _. V .. _, , _ . vi It 0 in c , , . ents that do not become aliie tin Ill thltttitlfl and in llalttllllftfi. Rah,” Nmhdpd mm h, Md H, I ll 1/ '1' till‘ Plant‘ ‘‘''‘‘V‘'5 13k? ‘“'“”" l" ;‘m,x;“{” .nm7' ‘:m:"”'d1' "3."”>’ a hayloft after imlltitiit several ‘ ttiiilc 'lit- p.’|l‘l', W H M0 0 H‘””‘”L In fladmg‘ mtlcs lie watclieti tho hFll(‘f\plP[\ . .\\llltl1 ts piirt of ill!‘ ll‘FllIllllE But ll “mmflmn smd 3 "'“"“5”' fll1\' are c.'iil’it*(l iii A form tech as mm. hmkod “W h m 1ll'lll(‘t‘I 17$ bomber dniihtfiil of nicnlli called ‘not armed’ an ex- |’a'"' M “vmkpd hm", "M h" _ i . ' In the basement while l‘lll pat tnakiti: a safe landing in Britain l\l‘f‘s<lt\lt uttiih ctiicrs the fact 0",, “,,,,,.,1 up gm. mm ,,pQ,,,m V574

I.-Iere’s your passbook for a Merry Christmas

A Join our 1958 Christmas Club _N__l;lf1 and this little book will M_A_K_l§ you save!

Ask for a CllI'l.Stlll.l5 (jluh cnupoii hook at your nearest

branch of The (L.iiiatii.in Batik of (Zommcrce. Make a

small deposit — atctirtiiniz to WM Plan - (hm 00¢ every second wcck. The cotipoii book acts as your

reminder to save and you will get a welcome cheque

You mnh: 75 rfapncift — Ono ovary Iocond rook —

CHOOSE THE PLAN TO SUIY YOUR NEEDS

Aff6ooodof$0ianvoh yougofachoquafa

$1 ........................ .. $25 $2 ........................ .. $50 $5 . .. ........ .. $125 sio ........ ............ .. $250 $20 ....................... .. ssoo

in good time for (Jiiistnias iiccds.

(cop This Schedule Handy Fooloforonoa t «1'..ssT.t'2t__t_.§3.....

v"“'.,

pg: sN..a“"} '13:‘-,.?&'u as

Don't’ delay-join our I958 Christmas Club today of any branch of

THE CANADIAN BANK OF COMMERCE

765 BRANCHES ACROSS CANADA READY TO SERVE YOU t'hat'lottefowti Branch, W. M. MI-1I.l.lSlI. Manager