Reform aims to widen Canadian banking access
Russell C Honey analyzes Finance Minister Sharp’s proposed revision to the Bank Act aimed at boosting competition and expanding banking access. He notes current rules cap loan interest at six percent, limiting deposits and lending to safer borrowers, while leaving room for lenders to charge higher rates elsewhere. The reform would lift the ceiling toward about seven percent, tying the rate to government bond yields and enabling banks to serve a broader cross section of Canadians.
MENTIONED IN THIS ARTICLE
Bank A
Finance
Sharp
Fined For Trespassing In Magistrates Court Bowmanville
Two men were convicted under the Game and Fisheries Act for trespassing on private property. Carmen Guest of Talbotville and Delbert Crosby of RR 2 Whitby faced fines of 25 dollars plus costs. Guest had a rod and 20 fish, Crosby had a rod but no fish. Grahame S. G. Fish owned the Blackstock farm and posted it. he described a Sunday incident with a truck and a man with a rod who claimed to have fished locally. Guest offered to pay for the catch. the refusal led to the court ruling.
MENTIONED IN THIS ARTICLE
Bowmanville
Game and Fisheries Act
Carmen Guest
Talbotville
Delbert Crosby
Whitby
Grahame S. G. Fish
Blackstock
Bush Fire In Hayden Area Destroys Forest and Trees
A Christmas tree and bush fire spread across about 250 acres on the tenth concession of Darlington one mile east of the new county road Wednesday afternoon. Firefighters battled for eight hours before gains were made. volunteers from the local Tree Nursery helped Bowmanville Fire Department. About 150 acres of Christmas trees and 100 acres of hardwood bush were destroyed.
MENTIONED IN THIS ARTICLE
Darlington
New County Road
Tre Nursey
Bowmanville
Kendal Juniors Defeat Orono Juveniles 8 to 5
Kendal Juniors edged Orono Juveniles 8 to 5 on Wednesday in Kendal. Orono led briefly with five runs in the fourth before Kendal answered with five in the fifth. Paul Jones pitched the full game for Orono surrendering eight runs on two errors. Ralph Kennedy and John Quantrill contributed hits.
MENTIONED IN THIS ARTICLE
Kendal
Orono Juveniles
Orono
Paul Jones
Ralph Kennedy
John Quantrill
Fishermen Warned On Private Property Access
Delbert Crosby and another fisherman were observed on private land. Magistrate R B Baxter urged respect for landowners and warned that further hunting or fishing without permission would incur a tenfold fine.
MENTIONED IN THIS ARTICLE
R. B. Baxter
Kendal Pitching Suffers As Orono Edges Win
Orono gains a narrow win as Kendal pitchers give up six hits. Ted Stark leads Orono with a hit total, while Guy Parks and Cameron Perrault each add a hit. Park, Jones, Perrault and Tom Foster score Orono runs. Ray Pickell goes 3 for 3 for Kendal. Ralph Kennedy adds a 2 for 3 with a triple.
MENTIONED IN THIS ARTICLE
Ted Stark
Orono
Guy Parks
Cameron Perrault
Brian Foster
Guys Parks
Paul Jones
Cameron Per
Ray Pickell
Kendal
Ralph Kennedy
Also Mentioned on This Page
By Russell C. Honey, M.P. Durham
Canada
Mr. Guest
Orone
Hayden
Kendal Juniors
Orono Juv
Sam) Bruton
Ballett’s
Walton St. Port Hope
Newtonville
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