Canada Purchases $900 Million Standby Credits for Dollar Support
Ottawa announces $900 million in standby credits with foreign banks and secures U.S. exemption from foreign spending limits for Canadian subsidiaries. Finance Minister Mitchell Sharp says the move bolsters the dollar, currently fixed near 92.5 US cents, and aims to calm market nervousness amid international unrest.
MENTIONED IN THIS ARTICLE
Ottawa
U.S
Mitchell Sharp
Commons
Canada
Mr. Sharp
United States
Sharp
Washington
General Motors
Pound Drops to New Low as U K Gold Rush Sizzles
London bullion market sees a panic gold rush with the pound sliding to a record low. Gold fixing hits 294 shillings two pence, volume doubling typical daily sales, while the dollar holds at 35.19 cents per ounce.
MENTIONED IN THIS ARTICLE
London
U.S
Johnson
France
West Germany
Organization For Economic Co-operation and Development
Paris
Basel
Switzerland
Zurich
Kennedy,Fulbright spark Senate Vietnam debate
Senators Kennedy and Fulbright pressed for congressional input before any major troop buildup in Vietnam. Kennedy called policy immoral and intolerable and urged consultation on military plans. Mansfield supported talks with Congress, while a Princeton professor warned victory would require millions of U.S. troops.
MENTIONED IN THIS ARTICLE
Washington
Robert F. Kennedy
J. W. Fulbright
Senate
Vietnam
Congress
U.S
Fulbright
Johnson
Kennedy
New York Democrat
Mike Mansfield
Mansfield
John T. McAlister Jr
Princeton University
Senate Foreign Relations Committee
Rhodesia plans new executions after recent hangings
Rhodesia faces world outcry as six condemned African men await death while Prime Minister Ian Smith’s council reviews their cases. Public hangman Lofty Milton returns to Salisbury after executing three prisoners. about 116 are currently under sentence, with likely reprieves for many.
MENTIONED IN THIS ARTICLE
Salisbury
Reuters
Rhodesia
Ian Smith
Executive Council
Lofty
Milton
Karoi
Rhodesian
House of Commons
Wilson
Aalborg Lougheed clash over railway in Alberta
In Alberta's legislature, Opposition Leader Peter Lougheed attacked Provincial Treasurer Aalborg over the Alberta Resources Railway ARR and potential CNR purchase. Aalborg defended the nonbinding understanding with the CNR while stressing no binding agreement exists. The ARR runs 235 miles from Solomon to Grande Prairie with 144 miles laid, and the government aims to repay advances as operations begin.
MENTIONED IN THIS ARTICLE
Edmonton
Peter Lougheed
A. O. Aalborg
Lougheed
Calgary West
Alberta Resources Railway
Alberta
CNR
Dixon
Aalborg
ARR
Lou Hyndman
Edmonton West
Don Getty
Strathcona West
Solomon
Grande Prairie
Edgar Gerhart
Parliament delays Trudeau leadership bid campaigns schedule
Ottawa CP report says Parliament will sit late into March forcing Liberal leadership hopefuls to split time between the Commons and campaign trail. If adjourned March 22, leaders face tight window to attend the April 4-6 convention. Government aims to pass spending estimates and a new tax measure before adjournment, while ensuring party opposition mood may affect passage.
MENTIONED IN THIS ARTICLE
Ottawa
Commons
Pearson
Miners Dead in Calumet Salt Mine Shaft Tragedy
Rescue workers report sixteen miners killed at the bottom of a salt mine shaft in Calumet Louisiana. The morning incident prompted a large response as authorities investigated the collapse and attempted to recover victims.
MENTIONED IN THIS ARTICLE
Calumet, la
Turner cancels visit to Medicine Hat amid tax vote
Liberal leadership candidate John Turner must cancel a planned visit to Medicine Hat as Ottawa may take a vote on the government tax bill. Other leadership hopefuls Paul Hellyer and Pierre Elliott Trudeau still plan events, including press conferences and private meetings at the Park Lane Hotel, with a combined schedule through midday.
MENTIONED IN THIS ARTICLE
John Turner
Medicine Hat
Paul Hellyer
Pierre Elliott Trudeau
Hellyer
Park Lane
Trudeau
Thatcher backs Hellyer in Liberal leadership race
Ottawa reports indicate Saskatchewan Premier Thatcher privately backs Transport Minister Hellyer. Thatcher remains publicly neutral on the succession and may only influence Saskatchewan delegates at the April leadership convention. Western Liberals show unrest as Winters enters and Thatcher stays with Hellyer.
MENTIONED IN THIS ARTICLE
Ottawa
Thatcher
Saskatchewan
Hellyer
Winters
U S commander named for S Vietnam war zones
U S military reshapes Vietnam command by placing Lt Gen William Rosson in charge of five northern provinces including Hue and Khe Sanh. army takes over from Marines in the new Provincial Corps Vietnam zone, coordinating with the 1st South Vietnamese Division under Brig Gen Ngo Quang Truong.
MENTIONED IN THIS ARTICLE
Saigon
Reuters
U.S
South Vietnam
Hue
Khe Sanh
Vietnam
William C. Westmoreland
Khe Sanh Marine Base
Westmoreland
William Rosson
Quang Tri
Thua Thien
Robert Cushman
Marine
Fifth Corps
Rosson
Ngo Quang Truong
Also Mentioned on This Page
U.K
Kennedy Sparks
Little Cloud
Art Dixon
Strom
Fairview
Bill Switzer
I—Edson
Baker, Calif
Interstate 15
Mojave Desert
Vatican City
Paul
Terance James Cooke
New York
Francis Cardinal Spellman
Vatican
Turner
S. Vietnam
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