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THE OSHAWA TIMES, Thursday, December 10,1964 23 U.K. BATTLES INFLATION No Extra Money (poration tax and capital gains tax to be imposed next spring. i NO DOUBLE TAX profits, that may amount to Tshombe Guarded "s statement, made|about 53 per cent, though there age in Pariiament Tuesday, gave nojare various reductions tha' For Pope Visit : indication what the tax rates|could cut the total below that would be, though he indicated|figure. There were fears among (feration tax 'sont Ceotint gata Cost Of Living All-Time High OTTAWA (CP)---Living costs fm Canada rose to a record high in November with the con- sumer price index increasing three-tenths of a point or one- fifth of one per cent to 135.9 from 135.6 a month earlier. The bureau of statistics said/fruit, Tuesday that the index for the early part of November was 14 per cent higher than the November, 1963, index of 134. The index is based on ponents of the index showed in- creases, with the transportation index unchanged. The index of average weekly| wages and salaries was 204.9 in September, compared with 203 a month earlier and 196 a year previous. 'The November food index Castro Aide Tries Suicide HAVANA (AP)--Sources high in Premier Fidel Castro's gov- ernment say that Augusto Mar- tinez Sanchez, who shot himself after he was removed as labor minister, was ousted "entirely for administrative reasons." They denied there were any po- litical implications. Martinez shot himself in the head Tuesday after learning he had been fired. He was reported in critical condition in hospital. The official sources said Cas- tro is determined to get rid of all "dead wood" in his govern- ment in order to revive the Cu- ban economy. Martinez was the 'third cabinet minister to be re- moved this year. A government communique said Martinez was fired because of "serious administrative mis- takes which in no way affected his personal, moral and revolu- tionary honor and unquestion- able loyalty to our cause." (Official circles in Washington @aw the removal of the third Cuban cabinet member year is a sign of a critical power struggle within Castro's Communist regime. They said the struggle has been under way for many months but that it is too early to evaluate its eeriousness). Prince Charles 'Not "Kept Short" LONDON (Reuters) -- Buck- tmgham Palace has denied a report in a North American news magazine that Queen Elizabeth and Prince Philip keep their son Prince Charles short of pocket money. book belonging the throne, who attends the Gordonstoun boarding school in In a letter to Time, the pal- @ce press secretary, Cmdr. Richard Colville, also - denied that the prince, 16, had sold the book to a classmate. The letter, published in the latest edition of Time to reach London bookstalls, said: "The suggestion that his par- ents keep him so short of money that he has to find other means to raise it is also a complete invention." "My attention has been drawn to your report (Nov. 27) entitled The Princely Pauper. There is no truth whatever in the story that Prince Charles has sold his autograph at any time. There is also no truth whatever in the story that he sold his composition book to a classmate. . . . Police Probe School Blaze PETERBOROUGH : (CP) -- Police are investigating a pos- sible link between an explosion and fire that destroyed Sacred __ , Heart School here early Wednes- day and a break-in at a church a block away. The blaze destroyed the 81- year-old separaie school. Police said Wednesday there might be a connection between the fire and the break-in at Sacred Heart Church, where prowlers used matches to light their way through the building. Nothing was taken. A passer-by told police he heard an explosion in the school about 3:40 a.m. and saw the windows on the west side of the building blown out. About @ firemen fought the blaze for two hours. The separate school board held a meeting Wednesday night to decide on alternative placement for the 310 pupils. A Flavoured Wine *BERVE COLD On JHE ROCKS OR WITH YouR BAVOURITE MIX" INDON WI rose four - fifths of one per cent to 132 from 131 in October. Prices were higher for eggs, lard, beef, oranges, potatoes, tomatoes, celery, dairy prod- ucts and honey. Lower prices were'reported for sugar, grape- bananas, apples, lettuce, cabbage, onions, canned fruit and vegetables and fresh and cured pork. 1949| HOUSING INDEX UP A rise of one per cent in the index increased it to housing 139.3 from 139.2. Both the shel- ter and the household oper- ation components increased ractionally. 2 The clothing index rose slightly to 120.9 from 120.7, re- flecting higher prices for some items of men's and children's footwear and laundry and dry cleaning services. Prices for women's winter wear and cotton and wool dress ma- wear, terial were lower. The health and personal care index advanced to 171.1 from 170.4. Higher prices for pre- scriptions and other. pharma- ceuticals were not sufficient to move the health care compon- ent but the personal care com- ponent advanced as a result of increased prices for personal supplies, - men's haircuts and women's hairdressing. Higher prices for motion pic- ture admissions and film for cameras increased the recre- ation and reading index to 152.3 from 151.1. These increases out- weighed lower prices for bicy- cles and sports equipment. The tobacco and alcohol in- dex rose to 121.6 from 121.4. Both the tobacco and alcohol components increased with higher prices for cigarettes and tobacco in some cities and higher liquor prices in Man- itoba. Borrowers Told By HAROLD MORRISON Canadian Press Staff Writer Britain is taking new steps to battle inflation with a blunt warning there won't be any big expansion in the money supply) to meet the increasing clamor by borrowers for more credit. Britons pay more for their joans as a result of the big 'boost in the Central Bank rate to the peak seven per cent two weeks ago. But still the demand for fatter loans goes on. Rather than increase the money supply, the Bank of England has warned banks to exemptions. selves more sharply for exist- ing credit, thereby pushing in- terest rates higher, adding to costs. The Central Bank's restraint, seen as a deflationany move, also may help to stabilize the British pound which currently appears to be holding its own following massive credit sup- port by 11 countries, including Canada. Another element of stability is the pre-budget disclosure by James Callaghan, chancellor of the exchequer, of some of the panies which investments duced by the paid overseas. And there Britain. how it would work and what transactions would qualify for For example, get in other countries will not have to pay double taxation. Their Brit- ish corporation tax would be re- provisions" for certain types of conporations, including life as- 1 surance companies. Many Ca- ; Ss | nadian life assurance compan- ies do an extensive business in | British companies currently VATICAN CITY (AP) -- wis! a heavy police escort to protect him from leftist demonstra- tions, Congolese Premier Moise} Tshombe arrived at the Vatican) today and was given a 20-min- ute audience with Pope Paul, No demonstrations marred] Tshombe's trip through Rome] to the papal city-state. He had] arrived four hours earlier oe British industry that Callaghan 'might push the total "take" to a higher rate. CHRISTMAS SONG Now a yuletide perennial, the song Rudolph the Red-Nosed Reindeer was written by Johnny Marks in 1949 and has sold more than 70,000,000 re- cordings throughout the world since then, British com- income from Canada and amount of tax Leopoldville. will be 'special RELIABLE -FURNITURE- INTERIORS _ be more selective in their lend- ing operations; to give priority to exporters and manufacturers rather than those who build houses and apartments and fi- nance on-the-cuff purchases of consumer goods. NEW SQUEEZE? Some newspapers immedi- ately described this as a new credit squeeze, another step away from the Labor govern- ment's pre - election promises not to deflate the high-stepping economy. But the Central Bank said it was a " selective re- straint" and not a squeeze. It appeared, however, that if the pressure for loans con- tinues, borrowers may have to shelve some new projects and some new buying or look out- side of Britain for more credit. 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