Bank of Canada proposes to shift bank lending toward long term debt
Governor James Coyne outlines a plan to split chartered banks into two parts with one focusing on long term investments and the other handling short term loans. Savings deposits would fund insured mortgages and government bonds while the central bank ensures adequate short term credit and considers credit controls to curb inflation.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
James C. Coyne
Mr. Coyne
Coyne
Tremors follow big Aleutian quake with aftershock toll rising
The northeastern Pacific remained unsettled after Saturday's large Aleutian quake as an aftershock hit Sunday at 7 20 23 p m Pacific time. Berkeley seismograph readings pegged it around magnitude seven with more tidal wave alerts. The event triggered smoke from Mount Vsevidos on Unmak and coastal damage in Hawaii and California.
MENTIONED IN THIS ARTICLE
San Francisco
Pacific
Aleutian Islands
Hawaii
Japan
University of California Seis
Mograph
Berkeley
John Denoyer
Denoyer
Aleutians
U.S. Coast and Geodetic Survey
Honolulu
Vsevidos
Aleutian
Unmak
Kauai
Paul O. Beam
Sarah Park
Honolulu Star-Bulletin
Samuel King
Hokkaido
San Diego Bay
California
District Coast and Geodetic
William M. Gibson
Norwegian skier in serious condition after Mount Norquay crash
Ronal Tom nesson, 25, a Norwegian skier working in Vancouver, is in serious condition with a fractured base of skull after a downhill crash at Mount Norquay. He was reportedly moving at 50 mph when he left the course and struck the bushes during a Rocky Mountain competition.
MENTIONED IN THIS ARTICLE
Banff
Alla
Ronal Tomnesson
Vancouver
Mount Norquay
Rocky Mountain
Smilestones on Secrets and Trust
A reflective note on the value of keeping confidences. It contrasts how sharing a secret elevates the storyteller and the listener, emphasizing kindness and discretion in personal relations.
Two Die in Fort Macleod Collision
In Fort Macleod forty miles west of Lethbridge two pensioners died from a two car crash Saturday. Henry Franz eighty four and William Roddy eighty both of Fort Macleod died in hospital within hours. Laurie Lebrie twelve and Pat Strain remained hospitalized in fair condition.
MENTIONED IN THIS ARTICLE
Fort Macleod
Lethbridge
Henry Franz
William Roddy
Laurie Lebrie
Franz
Pat Strain
Financier Wenner-Gren Seeks Big BC Gamble
Swedish financier Dr. Axel Wenner-Gren outlined a five million dollar plan to survey a 40 000 square mile wilderness north of Prince George British Columbia He promises to gain much in return if development proceeds and says opposition will fade once plans are clear He proposes a 400 mile monorail railway but notes government may abandon if nothing to develop is found He arrived from Mexico City to press officials and begin the survey with engineers and associates on site.
MENTIONED IN THIS ARTICLE
British Columbia
Axel Wenner-Gren
Prince George
B.C
Mexico City
Wenner-Gren
Rocky Mountain Trench
Cecile Dionne Plans to Marry in Septembr
The Telegram reports Cecile Dionne of the Quintuplets plans marriage to Philippe Langlois next September after Cecile completes nurse training in May. The couple are engaged but will announce after final exams. The four surviving quints share a $1,000,000 trust. Emilie died in 1954. Langlois is from Quebec City.
MENTIONED IN THIS ARTICLE
Toronto
Montreal
Cecile Dionne
Cecile
Philippe Langlois
Yvonne
Anette
Marie
Emilie
Alphonse Langlois
Quebec City
Bank of Canada hints at controls on consumer credit
Governor James E. Coyne warned that instalment finance firms last year failed to accept voluntary credit limits amid inflation. He cited a record 1956 consumer debt of 465 million dollars, with 165 million from finance companies, and said more regulation could be needed to curb unstable credit growth.
MENTIONED IN THIS ARTICLE
Coyne
Canada
Central Bank
United States
Bank of Canada
Ottawa
James E. Coyne
Finance Company
Mr. Coyne
Pearson Levels Rebuttal at PC
Pearson rejects PC charges as extravagant and unwarranted and says the Middle East situation remains tense and dangerous. He argues Conservative George Nowlan statements could undermine the chance of resolving Middle East issues.
MENTIONED IN THIS ARTICLE
Toronto
Pearson
Progressive Conservatives
Middle East
George Nowlan
Skin Divers Search For 2 Victims
In Acapulco Mexican security police say two men confessed to killing Joseph A. Michel, 70, and Edith Hallock, 63, beating them with a club and heavy chain, taking 70 000 dollars in jewelry and money, then dumping bodies overboard on February 20. The jewelry was found at a relative’s home in Acapulco as divers hunt for the victims.
MENTIONED IN THIS ARTICLE
Acapulco
Mexico
Federal
Jose Altamirano Diaz
Federal Security Police
Fenton
Rios
Two Million Workers Walkout in Japan
More than two million Japanese workers staged strikes and slowdowns to press for about a 2000 yen monthly wage rise. The action shut coal mines and hundreds of plants as the average worker earns roughly 13000 yen a month.
MENTIONED IN THIS ARTICLE
Tokyo
Canuck dollar hits new high near 1933 peak
The Canadian dollar rose to $1.04 11-16 per U.S. dollar at noon, its strongest level since November 1933. Analysts cite continued U.S. funds flow to Canada driven by Canada’s lower rates and American investments in Canadian resources as key factors. The higher demand for U.S. dollars boosted the Canadian currency.
MENTIONED IN THIS ARTICLE
New York
United States
U. S
Canada
U.S
Dominion
Tale of Two Pints
A Sydney schoolteacher had pupils write essays on highway safety and drunken driving. One tale warned that a father drinks then stays indoors to avoid accidents. In Eccles England a seven year old drank dad’s whisky prompting a hospital visit and a doctor’s report on his condition.
MENTIONED IN THIS ARTICLE
Sydney
Australia
Reuters
New South Wales
Road Pee Council
Eccles
England
Alan Dixon
Jeffrey
Daddy
Alan
Monte Carlo contest entries for city readers
Entries for the Monte Carlo crossword contest flowed in over the weekend with receipts for all but six. Mail your entry to The News editor by Wednesday noon to be eligible for the prize. If no winner is found this week the crossword will be worth $40 to the first correct entry.
MENTIONED IN THIS ARTICLE
Monte Carlo
the News
Egypt to take over Gaza Strip administration now
Cairo announces the Egyptian government will immediately appoint a Gaza administrator Gen Hassan Abdul Latif and resume Egyptian duties in the territory. The move follows protests against UN forces and Gaza demonstrations urging Egyptian control amid Israel's withdrawal. UNEF denies firing on civilians.
MENTIONED IN THIS ARTICLE
Cairo
Reuters
Gaza Strip
Abdel Kader Hatem
Hassan Abdul Latif
Gaza
Egypt
Dag Hammarskjold
United Nations
UNEF
Hatem
Htem
Col
Budget to be introduced with surplus hints and pension moves
Finance Minister Harris will present the budget Thursday night at 6 pm MST, three days’ notice. The document may reveal a roughly 300 million surplus for the year ending March 31 and likely include old age pension increases. No major tax cuts expected, but possible commodity tax reductions. Inflation concerns persist as Parliament may be dissolved in April ahead of a possible June 17 election.
MENTIONED IN THIS ARTICLE
Ottawa
Harris
Commons
House
Snowstorm Moves From Alberta Into Manitoba
The storm that dumped up to seven inches of snow in central Alberta has moved into Manitoba. Alberta skies cleared and temperatures were expected to reach the forties. Yesterday's highs and lows are listed for several cities with recent precipitation figures.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Manitoba
Calgary
Lethbridge
Saskatoon
Swift Current
Moose Jaw
Bomb threat at Montreal bank thwarted by cotton strands
Police say a time bomb planted by Andre Deblois at Central Station would have exploded during rush hour but absorbent cotton strands prevented contact between detonator wires and alarm clock wiring. Explosive expert Sgt. Leo Plouffe called it providence as Deblois was wounded in a bank holdup attempt.
MENTIONED IN THIS ARTICLE
Montreal
Central Station
Andre Deblois
Leo Plouffe
Plouffe
Providence
Sgt. Plouffe
Calgary man found dead from carbon monoxide poisoning
Barry Moore, 26, was found dead Sunday in Calgary as a victim of carbon monoxide after apparently falling asleep in a car in a closed garage. Police said there will be no inquest.
MENTIONED IN THIS ARTICLE
Calgary
Willis
Barry Moore
Moore
Also Mentioned on This Page
Medicine Hat
Summerland
Summerland Co.operative
Lake Okanahan
RCMP
J. Y. Towgood
The
Co-op
Medicine Hat Lodge No
A.F
A.M
Michel
Hallock
Public Library Board
Library ‘Board
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!