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a Re 6 THE OSHAWA TIMES, Tuesday, December 8, 1959 AS DARLINGTON REEVE Rickard Is Returned In Landslide Voting HAMPTON (Staff) -- In one of the heaviest municipal elections in Darlington township for sev- eral years. Deputy-reeve Garnet B. Rickard Monday was elected reeve of the township in a land slide vote in his favor. He defeat- ed Roy .W Nichols, who for the last nine years has been reeve of the township, by a vote of 1514 to Mr. Nichols' 859. Councillor Allen E. Thompson, who ran for deputy-reeve was from council by former councillor Arthur L. Blanchard in another landslide vote, 1566 as ! compared to Councillor Thomp- son's tally of 543. Two new members were elect. ed as councillors, Harold C. Muir, who for the past 14 years has been a ber of the South Darli Area Public School Board topped the polls for councillor, The sec- ond new man to gain a seat on the council was Sidney Cornish and Councillor Fred G. Smith was * re-elected for a fourth term on council. Bert Snowden, a Maple Grove electrician, and a newcomer to| municipal politics topved pol's for election to the South Darlington 'Area Public School Board with a total of 925 ballots cast in his favor. The other two elected to serve on the school the! H GARNET RICKARD {board are Robert Cook and Syd- bers of the 1959 school board. Township clerk Walter Rundle described the election as *'a much heavier vote than usual for this township". ney Worden, who were both mem-| The township Ratepayers' Asso- ciation takes much of the credit due for stirring up interest in the township for this election, They held two meetings last week to at- tract the taxpayers and to allow them to hear each of the candi- dates seeking election to either council or the school board ex- plain their views, before the voters formed an opinion which way they would mark their bal- lots. -Here is a poll by poll look at the voting: FOR REEVE Roy W. Nichols, 859; Garnet B. Rickard, 1514. FOR DEPUTY-REEVE Alan E, Thompson, thur L. Blanchard, 1566. FOR COUNCILLOR Fred G. Smith, 940; Earle B. Trull, 753; Sidney Cornish, 1045; Harold C. Muir, 1437; Elmer Pol- lard, 592; Robert C. Tremble, 80, FOR SCHOOL BOARD 543; Ar- Break-In Nets $1,512 BOWMANVILLE (Staff) -- Po- lice Chief Bernard R. Kitney has again issued a warning to people leaving their homes in the eve- ning to leave an inside light on. He pointed out leaving an out- side light burning while away from home is not good enough and strongly urges residents to leave at leasi one light on inside the house. His warning this time came as the result of a break-in at the $1512.97 were taken from the Vice residence on Martin road. The break-in and theft occur- red sometime between the hours of 7.15 and 9.25 p.m. Entry to the upstairs was gained by smashing a large picture win- dow and to the downstairs por- tion of the house, eniry was gain- ed through a milk box. Included in the articles stolen are a 17-inch Addison TV set and rotar tuning mechanism, a black persian lamb coat, an Under- wood typewriter with an 18-inch carriage, two wrist watches, a Stewart Warner mantle radio, a Sunbeam electric shaver, one man's navy blue suit, two pieces of ladies' § ite luggage, Liberal Federation Holds Final Sitting . Youth Tells Court That chance to sound off to the brass crackers may pop. was scheduled for the first hour home of Postmaster George Vice Pe) Friday night when goods totaling ral Federation's advisory coun- to pass along the grumblings By JOHN LeBLANC Canadian Press Staff Writer OTTAWA (CP)--The rank and file of the Liberal party get a today--in private--and a few fire- A blowing - off - steam session of today's final sitting of the two- day meeting of the National Lib- It could be a lively session if iscell delegat decide usually heard in the ante-rooms. The press will be excluded to| give them a clear field. "We want you to feel free to make any complaints, without any publicity," Walter Tucker, former iberal leader in Sas- katchewan and Monday night's temporary chairman, told the delegates as they adjourned. CONFUSED SESSION By the time he got around to this announcement, Mr. Tucker himself had delegates kicking over the traces--in public--over dment; T d to the five bottles of ligior and an Elgin watch inscribed on the back "To George from Kay." Robert H. Cook, 836: Sydney Worden, 791; Mrs. Ana F. Boyce, 10; Robert Craig, 589. |FOR SCHOOL BOARD Harry Oyler, 440; Bert Snow- den, 926. STEVENS LEADS POLLS Voters Return Sid Little Bowmanville Mayor BOWMANVILLE (Staff) By defeating Reeve W. D. Hig- gon by a majority of 157 votes in Mondav's municipal election, for- mer mayor Sid Little was re- turned to the 1960-61 town ciun- cil as reeve after a two-year lay- off from municipal politics. The polls were led by a new- FOR REEVE: Higgon -- West Ward 1, 83; 2A, 45; B, 34; C, 85; North Ward 1A, 54; B 47; North Ward 2, 86; North Ward SA, 83; B, 48; South Ward 1A, 61; B 35; South Ward 2A, 38; B, 4; C, 30. Total 773. Little -- West Ward 1, 82; 2A, 64; B, 50; C 47; North Ward 1A, 69; B 51; North Ward 2, 83; North Ward 3A, 52; B, 44; South Ward 1A, 64; B, 95; South Ward 2A, 84; B, 102; C, 43. Total 930. Fagan, 297; Fice, 918; Hughes, 967; Hooper, 587; Lathangue, 1078; Nicks, 855; Oke, 677; Pres- son, 994; Stevens, 1160. comer to town il, Ross Stevens. Before moving to Bow- manville, Mr. Stevens was a member of the Darlington town- ship council for three years. Approximately 47 per cent of the eligible voters turned out at the polls to cast their ballots de- spite Monday's inclement weath- er. Voting during the early part of the morning was generally slow but by late afternoon had \_ picked up considerably. ' As early returns began pour- ing into clerk R. B. Reynolds' offiee, the race for reeve saw Mr. Little and Reeve Higgon running just about evenlv, Mr. Little only a very few votes ahead. He gradually increased his lead until the end which showed 930 votes cast in his favor as compared to Reeve Higgon's tally of 773. Mr. Stevens, in leading the polls, totaled 1160 votes. Others «elected for a two year term, for the first time in town history, in- clude: Councillors, Keith Lathangue, O. J. Presson, Glen- holme Hughes, Wesley Fice and Ken Nicks. Of the six council- lors elected, three are new, Mr. Stevens, Mr. Hughes and Mr. Fice. Three were defeated in the contest for the six vacancies on council. They were Owen Fagan, Mrs. Annie (Darch' Oke and Ken Hooper. Mayor W. D. Carruthers and deputy-reeve Ivan M. Hobbs were elected by acclamation at the Nov. 27 town nomination meet- ing. Here is how the voting went Inquiry Into Seven Relapses FORT WILLIAM (CP)--Oper- ating rooms at the McKellar Hos- pital were closed Monday as investigation continued into an ailment which caused seven pa- tients to suffer relap after Police are investigating. | "Blitz' Nets 'Fund $608 AJAX (Staff) -- Tne Muscular Dystrophy fund will benefit to the extent of $608, the result of a blitz door - to - door canvass by Ajax Volunteer Firemen's Asso- ciation. Fifteen of the men with the hose truck and its resounding bell to their pr covered the town street by street until every house was visited. To augment the fund canisters were placed in banks and stores throughout the shopping centre. Association president, Bruce Hart, expressed hic satisfaction with his colleague's efforts and the generosity of the public, knowing the many demands made upon them for so many worthy causes. Steal Tree TIMES BUREAUS RJAX John Mills BOWMANVILLE Rae Hopkins Ma. 3-7282 From Store Ajax 426 operations. All but emergency operations were cancelled at the hospital Friday. Dr. George Large of Hamilton reviewed the situation during a weekend visit here and it was ex- pected he would report today to Dr. W. G. Brown, Ontario's dep- uty health minister. | The operating rooms were closed to all but emergency oper- ations Nov. 18-20 after the first six cases involving relapses were reported. Normal schedules then were I d but no ment was made on what had caused the trouble. R. V. Johnston, superintendent, said Nov. 26 an "allergic" condi tion affected the patients but investigation was under way to determine the exact cause, SWEDISH TV Sweden, where television began poll by poll: én 1956, had 23 TV transmitters operating by November, 1959. NYL NYL 5,000 UPON REQUEST You'll know these are quality nylons the minute you see them . . . 400 / needle, seamless mesh in neutral beige, perfect for ! ' the festive holiday season ahecd. 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COMIC'S START Charlie Chaplin was a boy of 11 Ostend" AJAX (Staff) -- Thieves broke into the Crippled Civilians store in the north plaza of the Shopping Centre early Monday morning and stole a Christmas tree from the front window which was de- corated with one doiiar bills. The tree, valued at $25 belong- ed to the Lion's club and was to be a prize in a draw sponsored by the club. 3 P federation's constitution. A confused night meeting deal- ing with constitutional changes eventually decided to leave this question over umtil today after, among other things, this had happened: 1. A working ittee set un convention, with delegates chosen and policies set in the usual way. However, there was no floor discussion as the delegates quickly approved the suggestion of Mr. Pearson, who merely had said the rally might re-examine| Liberal policies in the light of set of a general election. NATIONAL ORGANIZER Another move to spruce up the Liberal organization for the new attack on the Progressive Con- servatives was an announcement by the national leadership that it proposes to bring in James Scott, 43, Ontario Liberal organizer, as national organizer and secretary. General secretary H. E. (Bob) Kidd will remain on full-time in ple," all evidence was that it will|vellian" and as "External be tantamount to a normal party fairs Minister Grosart." 9 ONTARIO REPORT The opening - day meeting heard cheerful reports from some with others to come later. with others to come later. experience since 1958 and the on: dent William J. Henderson, for- mer Commons member for King- ston, reported thal tario are on the way upward and moving fast." ing here of the Progressive Con- Af- 7 provincial organizations, For Ontario, provincial presi- For Ontario, provincial presi- "we in On- He described last week's meet- servative Association of Canada as a circus and said the Liberals would not "try to turn the affairs of state inte a three-ringe carni- val of caprice, clamor and camouflage." charge of publicity and publica- tions. The party has not had a central organizing chief in many years. The dynamic Mr. Scott might be the Liberals' answer to the Conservatives' national director, Allister Grosart, a former public relations man generally regarded as one of the main architects of the. Conservative federal wins in 1957 and 1958, Several speakers went out of their way Monday to throw left 'hooks at Mr. Grosart, describing him in such terms as '"'Machiae- Safe-Driving Week Ends In Canada By THE CANADIAN PRESS He Lied RED DEER, Ala. (CP)--"It's arrest did PH EMR RPE EA some of his testimony given in court. "I said a lof of things that were} untrue and mixed up," Cook re- plied. Earlier Monday the calm which Cook had shown throughout the 6%-day trial broke when defence counsel Giffard Main asked how he felt when he was told the bod« ; ies had been found. "I just can't describe it," Cook nd|said in a low, halting voice. His eyes were downcast. He mum bled to the six-man jury and the tell packed courtroom, "It's hard to explain. If you found out your family was all killed and you'd been charged with murder. . . . It's hard to Get rid of nagging BACKACHE that could be the result of irritated bladder... DewiTrS KIDNEY & PILLS B FEEL FIT 75° wi $128 BLADDER IGHT MONEY" SITUATION HELPING TO STEM INFLATION ~ --SAYS B OF M PRESIDENT G. Arnold Hart Says Monetary Restriction Lays Foundation For Future Economic Growth ended Monday night across Can- a year ago recommended consti- tutional changes and suggesie: they be chewed over for about a year, 2. The council's constitution committee proposed some oth~ changes and suggested that the other group's be not touched nw. 3. French delegates demanded a translation of the involved amendments, and this was prom- ised for today. 4. Various delegates got en- tangled in points of order. 5. The loudspeaker went haywire. TRY AGAIN TODAY Upshot was that the session eventually threw up its hands around midnight and decided to tackle the problem again today. Earlier, the 250 delegates dopted without di ion a pro- posal made earlier in the day by national leader Lester B. Pear- son for a 1960 "rally" to pep up the party program and policies for a general election expected about 1962. It will be the first policy-setting meeting of the kind not held in connection with selection of a national leader since 1893, Party custom has been to hold such conventions only when the leader- ship has become vacant, The last was in 1958, when Mr. Pear- son was chosen. While the convention described system New Method For Election Urged PETERBOROUGH, Ont. (CP) Mayor Donald A. Loucks has ad- vocated seeking a new methcd of electing city council which would permit defeated maycralty candi- dates to serve as aldermen, Mayor Loucks eliminated Stan- ley A. McBride, an alderman for six years, in the mayoralty con- test Saturday. "This happens year affer year," the mayor said, "and it is my hope that in the not too distant future a wise solution may be found." Ald. Austin Elliot said: "I be- lieve the whole council should be voted on, and mayor should be chosen by council, as is done in some places. It takes too many ada with the fatality toll slightly higher than in either 1958 or 1957. A Canadian Press compilation for the week which started last took 50 lives, compared to 43 in 1958 and 47 in 1957. Safe-Driving Week* was spon- sored by the Canadian Highway Safety Council. Following is the day-to-day rec- ord this year with last year's total in brackets: TWTFSS M Total Nfld. P.EL N.S. N.B. Que. Ont, Man. Sask, Alta, B.C. Se Se Se ~~oonMeoo®Pe Se cooommoc®e oHOoWAOSD good people out of council." PP ev ~oouooo HoocoowmaoN wooooweoa®o Total nN "Ww 0 --- Tuesday showed traffic accidents| National Safe - Driving Week R. D, MULHOLLAND, GENERAL MANAGER, (REPORTS UNPRECEDENTED. CREDIT DEMAND, WITH LOANS AT ALL-TIME HIGH; PAID-UP CAPITAL NOW LARGEST OF ALL CANADIAN BANKS granting credit, has been out inflation, according to of the Bank of Montreal, But, Mr. Hart told B of M shareholders at their 142nd an- nual meeting today, 'by putting up with the disciplines of mone- tary restriction," Canada has al- ready "laid a solid foundation for orderly, stable and enduring eco- nomic progress." Shareholders also heard R. D. Mulholland, the bank's general , present a stat re- flecting an unprecedented de- mand for credit, with loans rising more than 25 per cent during the year to an all-time high of $1773 million; while net profits, after ps exciting intervi Star Weekly. the 1960 meeting as a "national How | finally met Loreita Young This star keeps herself almost as seclud- ed as Greta Garbo. So it was a big day when Richard Gehman was invited for an ew. Read it in this week's income taxes, amounted to $12,- 191,060. Nevertheless; a strong liquid position was maintained and the bank's capital structure was en- larged so that paid-up capital of the B of M is now the largest of any Canadian bank. "Strong, Healthy Recovery" Mr. Hart said the recovery ex- perienced by the Canadian econ- omy this year from the reces- rally of all Liberal peo- 30" AUTGMATIC RANGE % Heavy gauge steel One piece waterfall top. % White acid resis- tant porcelain en- amel. % 1 2050 wall giant element 2-1250 watt reg. elements, 1-1600 watt super speed element. Self cleaning elements % Surface elements guaranteed for 3 years. KELLY'S SALE PRICE ... 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S. -- RA 5.6221 wy STORE HOURS: 9 a.m. to 6 p.m. Mon. Tues. Thurs. & Sat.; 9 om. to 1 p.m. Wed.; 9 a.m. to 9 p.m. Fil, GSHAWA SHOPPING CENTRE -- King St. West & Stevenson Rd. -- RA 5-4361 'healthy and on a |tinued. "In such event, sion of 195-758 has been *'strong, broadening base". The gross national prod-| uct has been rising steadily, he added, and may well approach $35 billion in 1959, compared with $32.5 billion last year. Tracing "facts of life in the Canadian banking business", the B of M president recalled that the Bank of Canada permitted the nation's money supply to in- crease some $1600 billion, or 14 per cent, in the 12 months to Oc- tober, 1958, action which he be- lieved was taken "with the de- liberate purpose of combatting recessionary influences that were then very apparent." Another Sharp Turn Since October, 1958, official monetary policy has taken an- other sharp turn and the central bank has maintained the money supply "on a virtual plateau". In this period, the rapid recovery of business has produced very sub- stantial demands for credit from all types of large and small bor- fovers all across the country, he said. In attempting to meet these widespread credit needs, the {banks have lent more and more money, but, the time came when they could grant further credit only by disposing of government. at a loss, Mr. Hart ", .. apart entirely from the ioss factor, there comes a time when the dictates of ordinary prudent banking policy will not permit any further disinvestment in government securities. It clearly follows that when this voint is reached a well-run bank has no alternative but to make an effort to check further signifi- cant additions to its loan port- folio." No "Magic Wand" Nevertheless, so far as the B of M is concerned, *"'considera- tions of profit and loss hav {ment, reported a 'very MONTREAL, Dec. 7--Tight money, with all its attendant problems both for those seeking and those the price of stemming all. G. Arnold Hart, president |pected to suffice for the needs of a subsequent business re- covery." Advocates Flexibility "Now that the need for mas- sive governmental outlays to bat r i d, the most useful contribution that gov- ernment, as such, can make in hastening ' the return of more flexible monetary conditions would be to continue moving as rapidly as possible towards a bal- anced budget on a cash basis by reducing expenditures," Mr. Hart thought. Eventually, he suggested, Can- ada would look back on the pres- ent period of tight money as one in which "a solid foundation for orderly, stable and enduring economic progress' was laid, and he reiterated that, in his opin. ion, "a long step has been taken this year in arresting the rise of prices." General Manager's Remarks R. D. Mulholland, general man- ager of the B of M, presenting the bank's 142nd annual state- satisfae- tory" year the '"re- strictive monetary environment" of the times. Net profits were increased 17.7 per cent, he said, to $12,191,060, after setting aside $12,642,600 for income taxes. Of this record prof: it, $10,684,-730 was provided for shareholders' dividends equivalent to $1.85 per share. Highest Paid-up Capital Following a "rights" offering of 675,000 new shares of capital stock -- which saw 99.2 per cent of the rights being exercised -- B of M paid-up capital stood at $60,649,513, the highest of any Canadian bank, Mr. Mulholland said. Completion of the stock issue will result in paid-up capital of $60,750,000 and a rest account of $139,850,000, at which time total shareholders' funds will be $201, 672,290, including undivided prof- its of $1,072,290, he added. The bank's rest account has grown to $139,628,928, including transfer of $2 million from un- divided profits, $3 million from tax-paid reserves and $14,628,928 received as premium on stock subscriptions. Loans Up 25 Per Cent Total loans of $1,773 million were the highest in the bank's history -- up more than 25 per cent over the 1958 total, with NHA mortgage loans showing the larg- est increase of all categories -- up 32.5 per cent, or $56 million, to $227 million. Even so, Mr. Mulholland went on, the bank could not meet all the demands for loans made upon it, although it has been "particu- larlv mindful of the needs of the small businessman and the small personal borrower", with farm impr t loans, oth- ers, at the highest amount since such loans were instituted. To meet the unprecedented de- mand for credit of all kinds, the been, as far as possible, d ary to a desire to meet the es- sential normal requirements of| borrowers both large and small," he said. But, Mr. Hart added that he knew of "no magic wand" that would enable the bank to meet all the requests made, 'however desirable and credit-worthy." Natural as it may be to look for scapegoats in the present tight money position, the situa- tion does not call for recrimina- tion, in Mr. Hart's opinion, for to have further increased Can- ada's money supply recently 'would have led to an "all-out in- flationary boom, instead of the orderly recovery at stable prices we are experiencing," he con- much more stringent restrictions would have been necessary at a later date or, alternatively, the boom would have had to run its course, culminating . . . in recession and widespread unemployment." Recalling that this, year's in- crease in bank loans had to be lished largely by reduc holdings of government bonds -- essentially the same bonds which the banks had bought only the year before -- Mr. Hart raised the question of "how long a national money supply that hap- bank reduced its investment port- folio 27.9 per cent to $886 million, compared with the previous year, with most reductions being made in Government of Canada secur- ities, including treasury bills. Deposits showed little change at $2,998 million, compared with $3,038 million a year ago, and the same was true of total B of M assets, which stood at $3,259 mil. lion, versus $3,277 million in 1958. "'Quick" assets were reported at $1,578 million, or 51.6 per cent of all liabilities to the public, com- pared with 62.1 per cent a year earlier. Growth of Branches Valuation of B of M premises, after depreciation, stood at more than $47 million, against less than $41 million in 1958, Mr. Mulhol- land said, an indication of the extent to which branch facili- ties have grown and improved - during the year. At October 31, the bank had 810 offices at home and abroad, 49 more than the year before. Increased Foreign Business Reporting on operations of the new Bank of London and Mont- real, jointly owned by the B of M and the Bank of London and South America, the general manager said results of its first full year of business were "satisfactory and encouraging', with 20 offices STORE HOURS: 9:30 a.m. to 6 p.m. Mon, Tues. & Thurs; 9:30 a.m. to 12:30 p.m. Wed; 9:30 a. to 9 pm. Fri; 9 am. to 6 p.m. Soturdey. » ' hcg pened to be determined by a government deficit should be ex- now in operation in Central Am- erica and the West Indies. oem rm Sa] BRA YE