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WW ee YW WNW TW eT WE Bat THE OSHAWA TIMES, Wednesday, July 26, 1961 15 INTERPRETING THE NEWS | 1 'Crisis Budget' Handed Britain By DAVID OANCIA The latter measure will hit Canadian Press Staff Writer the pocket books of all Britons. The British government has The higher bank rate, which slammed the brakes on the will sharply increase the cost of {country's spending spree in a borrowing money, should have |battle plan aimed at restoring the effect of dampening the de- |economic health. sire to apply for bank loans. | "We are crashing in ahead of In his preamble, the chancel {production and in the process lor provided the background to making ourselves uncompeti-'his tough measures. tive," said Chancellor of the! Home demand is increasing {Exchequer Selwyn Lloyd in his at a far faster pace than was {30 - minute "crisis budget" anticipated. Investment is rising speech Tuesday to the House of sharply. Labor shortages are {Commons. general. The chancellor outlined a Pro-|, cy yppays SETUATION {gram that will be a big step Linked It 'this {towards ending the crisis. Gov-| Linked with this strong pres- sure for more consumer goods] REORGANIZER {ernment spending is to be care- is what Lloyd described as a Gildas Molgat, 34, named |fully controlled. ER pT pi | critical" balance of payments leader of the Manitoba Liberal | There are measures to reduce inion] This has Pavmens party in April, has begun a (the amount of money people| 1; oely trom lagging e%porls general party reorganization |will have to spend. land soaring imports. in preparation for the next Wages d sal f b- ee i rvonehad' ian | ges and salaries for pub-i «jf prising personal demand election. A French-Canadian |; servants, including teachers, eI businessman, he was first are to be held down. Business and rising investment demand elected to the Legislature in 4 industry have been asked are not matched by increased 1953, . to follow suit--a move that will production, the burden falls on (CP Photo) |aimost certainly provoke the ire the balance of payments," the of the work force. chancellor said. THREATENS RECORD "We have Juss for export d VANCOUVER (CP)--A Van- TOUGH MEASURES We ave eSS 'OF EXponis an couver youth emerged Saturday Lloyd, however, is also plac. We import more. In addition | as a new threat to Canada's ing much reliance on two tough Prices 80 "Up, ~OuY Sompetitive. | juvenile 880-yard record. Scott financial measures. He in- ess suffers and it becomes Patterson, 15, shaved six-tenths| creased the bank rate to seven" oo | of a second off the 22.9 record from five per cent and slapped abroad. | for the distance when he ran a 10-per-cent increase on cus- Lloyd characterized his mea: | second in the 220 - yard senior tom, excise and purchase sures as the beginning of 8 event at the Caledonian Games. (sales) taxes. og ipause ; = ® SUPER SAVINGS © SPECIAL! FANCY RED SOCKEYE SOVEREIGN SALMON ............on SPECIAL! SALAD DRESSING KRAFT MIRACLE WHIP... 2% SPECIAL! KELLOGGS 2 wiih 53 RICE KRISPIES . PKGS. 4 SPECIALI HALVES CHOICE PEACHES 2 of Tiks 47. LUCKY GREEN STINPS) § ADVERTISEMENT PRICES EFFECTIVE more difficult to sell our goods JULY 26, 27, 28, 29 With Coupon & Purchase 16-0Z. PKG. SARA LER FROZEN BANANA CAKE 01 Coupon Expires Aug. 8 NOW AVAILABLE! C N GRANDSTAND [] wikis SEATS EVENING PERFORMANCES $3.00 BOOK GREEN STAMPS 00 33 -- 52 SEAT PAGES iy IT'S PRODUCE WEEK AT LOBLAWS | SWEET LUSCIOUS TREAT FROM CALIFORNIA | WONDERFUL CARDINAL VARIETY | With Coupon & Purchase 15-0Z. PKG. PILLSBURY Angel Food CAKE MIX 03 Coupon Expires Aug. 3 EXTRA STAMPS With Coupon & Purchase VOLUME 8 DO-IT-YOURSELF ENCYCLOPEDIA SPECIAL! FANCY FALL AND WINTER TRAVEL BARGAINS 70 BRITAIN AND CONTINENTAL EUROPE AS UP TO 2 FULL WEEKS IN EUROPE ONTO 17-DAY ECONOMY EXCURSION RETURN FARES SILVER RIBBON TOMATO JUICE . SPECIAL! i 51 MAZOLA SALAD OIL. 20 79: SPECIAL! LOBLAWS "KITCHEN PRIDE" CHERRY PIE wecurar ............ i - AtH 44: Pride of Arabia COFFEE +: 69: 1: 1.99 SPECIAL! HOSTESS FIG BARS ...........o...... iit 2c ® FROZEN FOODS eo SPECIAL! SOUTHLAND FANCY GRAPES ............ 2 soon 30. DIRECT FROM BRITISH COLUMBIA | LARGE SiZN | VERY FLAVOURFUL | TASTY Qo APRICOTS .......... 0575 2 < TOP QUALITY FROM SOUTH CAROLINA | SOUTHLAND VARIETY | FOR DELICIOUS DESSERTS | HEAPING PEACHES or Ex c mis TOP QUALITY | ONTARIO GROWN FRESHLY PULLED | YOUNG AND TENDER! Ne roan J: 23 ANOTHER SALAD FAVOURITE | Ne. 1 GRADE | FOR IESTY FLAVOURI SAVE $128" on fares to Europe valid October 11 to March 31"! Enjoy more holiday for leas money with the money you save on the new low fare! FLY NOW- 4 LATER | ALT PAY 1 down (more, if you prefer). : EUROP ASK YOUR THAVEL AGENT 10 B00K peg GIANT YOUR SEAT AT THESE LOW FARES: TORONTO- HAMILTON to LONDON | yy TCA TO 00 ETF | BRITAIN 369 POY $36,90_dowin FRANC 339.00 o> ASTRA TORDNTO-HANILTON to DUSSELDORF SH y Economy on JET Return 444.60 Excursion Ce little os IRE Travel in como! atmosphere. €X¢ $44.46 down TRANS-CANADA AIR LINES (0) AIR cand! : CUT GREEN BEANS = Qe AVAILABLE IN MOST LOBLAW MARKETS PEPPERS COTTER 4-35. ASSORTED FLAVOURS Royal Instant Pudding 2 » 27¢c Master Dog Food 2 er 39e Juck and Jill Peanut Butter si 35: JULY IS NATIONAL SALAD MONTH WIDE SELECTION OF TOP QUALITY ONTARIO GROWN SALAD ITEMS AVAILABLE DAILY IN YOUR LOBLAW MARKET SERVE YOUR FAMILY DELICIOUS TOSSED SALADS DAILY ! LOBLAWS Hornes Barbecue Sauce . .*;:. 47¢ FANCY SLICED WHITE Aylmer New Potatoes 2.0%. 4%: ; 2.005 37: York Fancy Peas VOLUME Merrie England Raspberry Jam ... &%. 47¢ EIGHT DO-IT-YOURSELF ENCYCLOPEDIA wr OO NOW ON SALE! ADDED PECTIN Bravo Spaghetii Sauce .. .:%i 27¢ SPECIAL | FINEST QUALITY GRADE "A" PRE-DRESSED a ry DUCKS. Ih SPECIAL | CHOICE MILK FED BO VEAL FRONTS serra LB. SPECIAL | "ADD YOUR FAVOURITE SEASONING" 49 Book Through . . . DONALD TRAVEL SERVICE 300 DUNDAS EAST WHITBY MO 8-3304 Minced Beef, Pork & Veal . SPECIAL | "IDEAL FOR MEAT LOAF OR HAMBURGERS" Extra Lean Minced Beef -- . a9 41. SEE YOUR LOCAL AGENT MEADOWS TRAVEL SERVICE Thomas Meadows Co. Canada Ltd. 22 SIMCOE STREET SOUTH, OSHAWA 723-9441 SPECIAL | LOBLAWS SMALL LINK 3 Little Pig Pork Sausage - :: SPECIAL | AVAILABLE IN MOST MARKETS 52 Chopped Beef Steaketies - . FOUR SEASONS TRAVEL LTD. Domestic and World Wide Travel Arrangements 57 KING STREET EAST, OSHAWA 728-6201 ® FRESH FROZEN FISH - PAN READY eo 33c¢ SPECIAL | CHOICE HADDOCK FILLETS i: 35¢ 'With Coupon & Purchase 12.02. TIN HEREFORD ROAST LAMB 013 Coupon Expires Aug. 3 With Coupon & Purchase ONE DOZEN NAVEL 014 Coupon Expires Aug. 3 EXTRA STAMPS With Coupon & Purchase ONE 3-LB. POLY BAG WINESAP APPLES 015 Coupon Expires Aug. § EXTRA STAMPS With Coupon & Purchase TWO HEADS FRESH ONTARIO CABBAGE 016 Coupon Expires Aug. 8 03 Coupon Expires Aug. 8 With Coupon & Purchase 20. TUBE NOXIEMA SKIN CREAM ©4 Coupon Expires Aug. 8 EXTRA STAMPS With Coupon & Purchase TWO GIANT TUBES KOLYNOS SUPER WHITR TOOTH PASTE ©8 Coupon Expires Aug. 8 With Coupon & Purchase 841. ox. Bil. WISH-BONE ITALIAN OR FRENCH ©6 Coupon Expires Aug. $ With Coupon & Purchase TWO 15-FL. OZ. TINS LIBBY'S DEEP BROWNED BEANS Jur PORK ©F Coupon Expires Aug. 8 With Coupon & Purchase 64-FL. OL JUO CORONATION FRUIT PUNCH ©8 Coupon Expires Aug. 2 EXTRA STAMPS 'With Coupon & Purchase 16-FL. OZ, BOTTLE LESTOIL Liquid Detergent 09 Coupon Expires Aug. 2 EXTRA STAMPS 'With Coupon & Purchase 16-0Z. PKG. HIGHLINER FROZEN FI$® & CHIPS 010 Coupon Expires Aug. 2 EXTRA STAMPS With Coupon & Purchase TWO éFL. OL TINS PICNIC FROZEN ~ LIMEADE 011 Coupon Expires Aug. 8 EXTRA STAMPS With Coupon & Purchase ANY § PKGS. FRESHIE 012 Coupon Expires Aug. 8