Ottawa to raise mortgage loan rates under National Housing Act
Resources Minister Winters told the Commons the bill raises the rate on National Housing Act loans to 5 per cent from 4 1/2 per cent. The higher rate aims to spur insurance companies and lenders to fund home builders, as current rates deter participation in national housing loans.
MENTIONED IN THIS ARTICLE
Ottawa
Winters
the Commons
Central Mortgage and Housing Corporation
Central Mortgage
National Housing Act
Winter
Commons
Senate
Lions Park beautification and new World War II pictures
Work on Lions Park at the foot of UZ-Second St will begin with regrading the entrance and cleanup steps. An avenue of trees and a general cleaning will start a beautification program for a new park playground serving the flats. A framed panel of Medicine Hat WWII veterans photos is ready for hanging in the city hall lobby. Close to 80 pictures feature two gold star portraits.
MENTIONED IN THIS ARTICLE
Lions Park
Uz-Second St
Sayne
Lions
Flats
Medicine Tut
A. T* “Ner
F. H. Palmer
Tom Dutton
Hamilton
Medicine Hat
Atlantic City
W. A. Keith
Sydney Dock Workers Walk Out Once More
Sydney dock workers voted to resume today after a one day token strike plan. More than 5,900 workers walked out yesterday tying up 50 ships following the high court upholding a one year sentence for Edward Charles Roach assistant secretary general of the Waterside Workers Federation for contempt of court. Right wing federation members boycotted the meeting. Two men were suspended for their part in yesterday's stoppage prompting new walkouts.
MENTIONED IN THIS ARTICLE
Sydney
Australia
Reuters
High
Edward Charles Roach
Waterside Workers’ Federation
Federatisn
Evacuate Area Near Hannibal as Flood Crest Advances
A U S Army Corps of Engineers official urged evacuation of a wide area along the Mississippi near Hannibal Missouri. About two towns with 500 residents each and hundreds of farms lie in the threatened Sny levee district in Illinois as the crest nears.
MENTIONED IN THIS ARTICLE
Hannibal
Missouri City
United States Corps of Engineers
Sny Levee
Ilinois
Rubber embargo shifts risk to Asia over Europe
Singapore and Malaya prepare to mimic Britain's ban on rubber shipments to Communist China, signaling reduced demand from the United States as prices plunge. Indonesia affirms it will continue selling rubber to any country supplying needed goods, including China.
MENTIONED IN THIS ARTICLE
Singapore
Malaya
Britain
China
London
United States
U.S
General Services Administration
Indonesia
Peiping
Jakarta
Foreign Office
Zirim Zaino
Truman Considered Korea Policy to Maintain Allied Support
President Truman warned Gen. MacArthur that Korea policy must win allied backing in case of a Russia confrontation. Defence Secretary Marshall testified that the Joint Chiefs recommended MacArthur’s dismissal, while Truman stressed political factors and the aim to preserve UN unity amid Red China and Soviet risks.
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Washington
Truman
Douglas MacArthur
Russia
Joint Chiefs of Staff
MacArthur
Defence
George Marshall
Senate
Marshall
Joint Chief's of Staff
Formosa
Red China
United Nations
Soviet Union
Far East
Europe
Bourke
Hickenooper
Rep
de Hickenlooper
Panama Sees President Ousted After Riots
Police and public opinion topple Arnulfo Arias after four days of bloodshed in Panama. Rioters killed 12, hundreds wounded. Arias jailed amid clashes around the presidential palace. Alcibiades Arosemena to assume power with Remon still a dominant figure in Panama City.
MENTIONED IN THIS ARTICLE
Panama
Arnulfo Arias
Arias
Alcibiades Arosemena
National Assembly
Col
Jose Antonio Remon
Remon
Arosemena
United States
Panama Canal Zone
Republic
Erasmo de la Guardia
New Sulphur Plant Planned in Ontario by CIL
Canadian Industries Ltd announces construction of a sulphur dioxide plant at Copper Cliff Ontario to convert by product gases from INCO's flash smelting into about 90000 tons annually. Project follows CIS and INCO research and aims to make Canada pull sulfur dioxide domestically.
MENTIONED IN THIS ARTICLE
Montreal
Canadian Industries Ltd
Copper Cliff
Ont
International Nickel Co
CIS
International Nickel
Canada
CIL
Sudbury
Flexible Living Cost Index System Updated in Canada
Dominion Bureau of Statistics explains minor revisions to the cost of living index between 1948 and 1950 with changes in commodity weights such as nylon hosiery and aluminum cookware. The index measures month to month price changes of a fixed market basket using 1935–39 as the base, with April figures at 181.8 percent of the base.
MENTIONED IN THIS ARTICLE
Ottawa
Dominion Bureau of Statistics
John Citizen
Bureau
Young Czechs Flee From Communist Run Homeland
In MERNBERG Germany AP reports thousands of Czechoslovak youths flee the communist regime living in German refugee camps. Young refugees describe police state fear and talk of a future west east clash. Some desert to the west while seeking escape and hope for a great shock to spark anti communist forces at home.
MENTIONED IN THIS ARTICLE
Mernberg
Germany
Czechoslovakia
Smilestones Father-in-Law Feud Over Inheritance
A family row erupts as a father-in-law asks about his daughter's inheritance of 50000 dollars and a son-in-law retorts with a blunt idle remark. The exchange reflects tensions over wealth and family loyalties within the same household.
Allied Troops Brace for Red Attack on Korean Front
United Nations troops pushed three miles on the east front while fortifying in the west for a likely Communist offensive. South Korean forces advanced near 38 parallel as Reds mass pockets for a possible two pronged drive on Seoul. Mortar exchanges occurred north of Seoul and near Chuncheon as patrols and smoke pot signals persisted.
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Tokyo
United Nations
Inje
Seoul
Munsan
Uijongbu
U.N
Chunchon
Van Fleet Honors British Regiment For Bravery In Korea
Lt Gen James Van Fleet of the U S Eighth Army salutes the Royal Gloucestershire Regiment for defending a critical enemy route during a major Communist drive. The communique praises their battlefield courage and discipline and notes the unit already received a Presidential citation.
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U.S. Eighth Army
Korea
Reuters
James van Fleet
U.S
Eighth Army
Royal Gloucestershire Regiment
British Commonwealth
Truman
India Aims to Turn Jungle into Wheat Land in Uttar Pradesh
Rampur region in North India sees a World Bank backed ten million dollar drive to convert 3 million jungle acres into wheat fields. American tractors and British plows work under Himalayan shadows as engineers allocate 15 acre plots to refugee farmers. The project, self liquidating, charges 55 rupees per acre and recovers costs over three to seven years.
MENTIONED IN THIS ARTICLE
Rampur
North India
World Bank
Milalayan Mountains
India
Pradesh
Madhya
Madhya Bharat
Alberta
Saskatchewan
Uttar Pradesh
Rest in Brief: Korean general found in plane wreck
The body of Maj Gen. Kim Paik II, commander of South Korea's first army corps, was recovered from a plane wreck near Kangung on the east coast. The aircraft had been missing since March 23. Vic Damone, age 22, was inducted into the army in New York.
MENTIONED IN THIS ARTICLE
Tokyo
Reuters
Kim Paik II
First Army Corps
Kangung
New York
Vic Damone
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Halifax
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Quebec
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Vancouver
van Fleet
Edmonton
Namao Park
Here
Defence Construction Ltd
Canadian National Railways
CNR
Eric Johnston
Congress
Gerald G. Ryan
Canadian Council of the International Chamber of Commerce
Torquay