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ey we wee YY . ctly what temperature dif- . nt types of asphalt crack; at it level the cracking starts the exact time. ne experimental highway at Anne consists of a series of foot strips of varying types asphalt, aggregate and un- ay. Shell structural evaluation sr will help to record what d of topping, base and sub- » is most frost resistant. re are 14 different formulas isphalt, aggregate and un- ay in the test strip. e first practical informa- should be coming from the in 1969. LMOST HALF 'N HALF e United States population les into 102,000,000 females 98,000,000 males, ryone... 19 IER a ; for Everyone € CHRISTMAS . the Time To Give The Finest Pierced Earrings Watches Diamond Rings Stone Rings d Many More Beautiful GIFT IDEAS from ALBRAITH EWELLERS JAX SHOPPING PLAZA AJAX -- 942-0407 A ETT ELMER'S ne Christmas Store ith Gifts Galore" gift problems ? Drop inte er's Bargain House and the large selection of gifts the whole family. ELMER'S 253 Bloor St. E. 728-3473 RARTY'S RECORD BAR e for the 'TOPS IN POPS" wusic to suit all tostes SPECIAL: All Four MONKEY'S Albums 5% SIMCOE NORTH 723-0731 e HAWA FLYING CLUB he Special Person on your stmas list, give him or her 'ing gift certificate for as as $5. rivate and Commercial lying Training leasure Flights awa. Municipal Airport 728-1626 DRUM CITY TORONTO ) DRUMS SET thoose from, All makes and used. Telephone Collect 9 34 5 1y Fun KLE WITH CHRISTMAS jour appointment now with SUZANNE AIRSTY LING air pieces sold or set. 5 JOHN ST. W. 725-4541 AE EU UE TI ENJOY THE ESTIVE SEASON Depend on otor City Cab or Fast, Courteous 4 HOUR SERVICE 725-1127 SSS Sa Hage al va UAT NEED A CAR? 725-3541 ) number to remember he HOLIDAY SEASON NITED TAXI 143 KING EAST ELH UU UU UU PEN BOWLING aged NIGHTS tor City Bowling more a fay Bowling's 3 RICHMOND w. 723-3212 EL MERE EN ind Trim BE etait eat | CHRISTMAS TREES now for early deliv- rolesale and retail. YULE LOGS rch centrepieces com- vith 2 candles. 723-0987 ON' Two youths are 'about to be loaded, into a paddy wagon after they were ar- rested by police. last night THEIR WAY TO in Chicago, More than 80 persons were arrested in connection with a racial JAIL VVVIT PCIe y VGC eruwtiu ae at a A a ea ai FOREIGN MONEY FLOWS AGAIN First Economic Battle Won As Pound Rate Accepted By HAROLD MORRISON Canadian Press Staff Writer The devalued British pound(n: time for those currencies which|is backed by large reserves of have. not been cut but whose|gold, which continue to growjcosts and the government has values are tied closely to inter-|larger as France turns more of|been forced to borrow, increas- its stocks of surplus laa cur- than it has received in return. 'To a large extent the American problem is a product of the Vietnam war. To some extent Vietnam also is responsible for the situation in. Britain that forced devaluation, The cost of waging the Viet- nam war has opened the doors to inflation in the United States. Congress so far has failed to in- crease taxes to cover higher ing the national debt and the amount of money in circulation, has passed its initial test. The new rate has been warmly ac- cepted in world markets and foreign money is again flowing into Britain. But the economic war is far It may have just! rencies The strength of a currency is|rencies into this m based largely on world confi- dence and the ability of a coun-|perior economic power, al- try to ensure that the exchange|though its physical resources rate can be maintained throughjand manpower are only a frac- its reserves of gold or other cur-|tion of those available in the world U.s. The World is well aware French currency strongly supported; i jeonfidence and durability. | The problem in the U.S., as injtent with risk. One country has |Britain, is that it has been pay-|to compete against another in| nerable. This will be a trying/dollar but the French franc. It ing out more to other countries! what has become a war of inter-' In many ways France is a su-/\ INTEREST WAR LOOMS from over. begun. For the time being, pressure} has been lifted from the British pound. But the speculators are) active, ready to pounce on anyjand perhaps the strongest cur- currency that appears to be vul-jrency is not the United States is| |FRANCcE Is STRONG exudes} THE OSHAWA TIMES, Wednesday, November 22, 1967 3] est rates. Britain, along with de-|ternal struggle that could contin- valuation, pushed its interest rates to ibreae tik ue, not for months but perhaps Both Canada and the U.S. since have boosted their own rates, mainly to keep money at home. Whether their actions are sufficient will depend on how the investors size up prospects jamong the various countries. As long as Britain can contain inflation, the experts suggest, a lot more money may flow her way. But inflation tends to fas- ten itself on debased currency The U.S. government has im- posed higher interest ctarges to restrict the flow of credit and take some of the heat out of in- \flation. | | Money tends to go where It] ican get the most profit consis- | like a dog chewing on a bone. Britain still faces a critical in- | NEED FUEL OIL? CALL PERRY 723-3443 DAY OR NIGHT disturbance that involved students from three high schools. --AP Wirephoto 'Pound Prone To Pressure 'From All Parts Of World local event, which years ago would have had no impact out- side its immediate territory, now eddies around the earth, af- fecting many nations. By LESLIE HAYNES 50 years were brought about by LONDON (Reutersy -- Theja multiplicity of events. Feconomic troubles which led) There was no one single " Britain into devaluation and its}cause. The world has become so highest bank rate in more than|tight-knit tht the ripple from a TUESDAY, NOV. 71 ing. Two-year-old fillies. 7. Furiongs. SECOND bcs gpl Pscag Maa 0 PIRST RACE -- Purse $1,900. es, |7-Wincuba, Bell 7.00 4,70 GREENWOOD RACE RESULTS FIFTH RACH -- Purse $2,100. Ciaim- Ing. Two-year-olds, One Mile. 9 u Setanta, 270 oy 170\sure--an offshoot of higher in-| terest rates elsewhere in. the} world's money markets. were determined but never) completely successful attempts to build up Britain's overseas earnings through trade, a field in which the competition was 2-Eve carey. Grubb 5.20 13 2.10) S-Bul yea Browne . 1-Grey_ Empress, Kelly 40 Also Ran in Order: scone Eyed Gi * 7-$ea Brat, Brownell +10 Pear! Slipper, Ballyhoo Boy and 'Sundey & Alse tgs Fleet Reactor and Belle| Top. SIXTH RACE -- Purse $1,900, Clalm- ing. Three-year-olds. 7 Furlongs. 1A-Super Liner, Kelly 3.90 2.70 2.40 3-Fabulin, Welsh 30" "2.7013 -Naipe, Dittfach 4.20 3.80 SMartin's Ark, 2.90 2,30/8-Tudor Liz, Brownell 3.80 7-Siiver_Gus, Grubb 2.60| Also Ran In Order: Capt'n Roo, Vie- Ran in Order: Bells Roman, Now \ Wonder, Artist Tyrt Ales and Bomb's Dal 1¥ DOUBLE, 2 AND 9, PAID 818.00. THIRD RACH = Purse $1,800. Claim. citable and up. 7 Aehete 2 Thaety Grand, Kelly 17.50 4 5.80 ibrent Gem, sal E 5.00 4.10 Pada, Armst 8.70 Aho R in orders Nooration, one et bag vive Mel, Prince Bunty e POURTH RACE--Puree ga hgovr 5 r-olds ile a One pet, 2Caledon Colonel, 'Platts 2.40 Mighty Petrol, Armstrong $e Also Ran: A-Reap The Win ae Stable and Sones Stable Eni "Rkacror, 4 AND 2% PAID $6.90, fory Trip, A-Colucie, Rascoe, Tiempo (Muerte and Roman Emperor. A--J_R Wagner and LC Entry. SEVENTH RACE--Purse $2,600. Allow- ances. Three- and four-year-olds. One Mile. 6-W'ton Square, A'stg 5.90 re 18 4-Terrible 1, Kelly 32 1-Ann's Gem, Platts Also og Fe Order: Devivar, Mr, what me aa Pat' axacron, 6 AND 4, PAID 636.60, BIGHTH RACE--Purse ane "dat ing. Three-year-olds and up. 9-Ne P'sez Pas, B'nell isp i 4 }0| Count Stick, Dittfach 2-Sult Cleaner, Platts . Also Ran in Order: Cap Ferrat, preme Chief, Arnmart, Broth Afa Boy, Jet Invader and Brille. Attendance 6,557. Total Handle $477,496. GREENWOOD ENTRIES yunreney' NOV. 2 CLEAR AND F FIRST RACE -- Salas $2,200. Malden three. and Lag ities One mile Lator Love, McLeod X106 Zigetia, They ae s fairangi, No coe Flare, Swatuk X106 Boy Fourche, Dittfach 114 Pestiy" Bive, Bell 111 Little Quill, Brownell X11) Ki win, McLeod X109 Typhoon, Steve 119 SECOND RACE -- Purse $1,800. eet (3000). Three-year-olds and up. Branston, Fitzimmons 107 witight sveaiuk xm Mery Tell, Grubb x1 Braj Roman, Hey Mos Fost Elsie, Griffo 117 Dollar Scholar, Dittfach 114 Tu Fu, No Boy 114 gate RACE -- Purse $1,800. Claim- (3000). Three-year-olds and up (Bive of 2nd). 7 Fury Judge Burns, Gibson X111 Bella Roman, Brownell X104 Love Quest, Bell 112 Vital Mahn, Green XX105 Suit Cleaner, Brownell X110 Silver Gus, No Boy 115 Vibrant Gem, No Boy 107 ing' ae RACE--Purse $1,800. Claim- (3000). Three-year-olds and up (iva of Ind). 7 Furs Golden Karime, Steve 114 Dollar Sweep, No Boy 117 Apple, Bell 119 Martin's Ark, Gordon 115 Cosmic Kid, Grubb X114 Jet Invader, No Boy 115 Merry Arctic, Grubb X106 FIFTH RACE -- Purse $2:300. Cisim- ing (5000). Wyre vege One mile Tiger Court,-No Boy A-l15 Nite Norse, Kelly X107 Speedy Minstrel, Grubb X10# Wincuba, Bell 107 Henry's Queen, Fitzsimmons 111 Joss, Walsh 11 Son of Bruce, No Boy A-114 A--P Smith and Dick Henderson entry (EXACTOR WAGERING) SIXTH RACE -- Purse $2,600. Allow-| ok three- and four-year-olds, One Se Jive, No Boy 111 Roman Pigg No Boy 113 Mary McComb 106 cranaate | Walsh 119 Dear Joey, No Boy 111 Roman Dark, Steve, m Kilbrannan, Kelly X112 SEVENTH RACE -- Purse $10,000 added "Display Stakes." Two-year-olds. 1 3-16 miles Rercuspranist, comet us Phelodie, Gri Qvation, Bitiech "v7 Dance Me Loose, No Boy 107 Great Pacifist, 'McCauley 110 (EXACTOR WAGERING) EIGHTH RACE--Purse $2,000. Claim- ing (3000), Three-year-olds and up. 1 1-16 miles Altona Miss, Brownell X108 Meteor, Brownell X114 Sarosu, Grubb X114 Communicate, Bell 115 Harlion, Dittfach 114 Reap The Wind, No Boy 115 Roman Tribune, Fitzsimmons 119 Miss Dynamic, Turcotte 116 Cal Emir, Grubb X107 X--5 Ibs AAC XX--7 Ibs AAC POST TIME.1 PM MOHAWK RACEWAY RESULTS isle clea, NOV. 22 ther Clear, Track Fast) ¢ FIRST saace -- Mile trot purse $800 ing Herngin 26.20 11.10 fa Kelly's A oul Robillard 8.90 SSbring Afi 'ommy, Varcoe Hy bi Sharted: Danny K. Peters, Mari- anne Riddell, Elvis, Rose Ovelmo end Mr. Madrid. SECOND mace -- Mile pace purse ped conditi 2-Sugar Roeds Curran 27.80 6.70 4.80 Some Jim Abbe, Feagan 2.80 2.70 lorthy Flemington, Campbell 5.00 Tle 2:09 4-5 Also Started: Smart H. A. eet Allan Wilmac "a sans R. Byrd. S¢rafchied: Elmer Ce Daily Double, | and 2, paid $431.10...... Galan pace -- Mile pace purse $800 8-Claybrk Felx, Davies 3.80 3.40 2.60 2-Hy Adam, Wellwood 8.10 3.60 4-Windy Herbert, Wellwood 3.50 Time 2:10 3-' 5 Also Started: Wil Lor Charlie, April Mac, Kinna Duke and Grace S. Todd. Scratched: Janey Atom. nae RACE -- Mile pace purse $-Drumnd 'King, Curran 5.60 be 3.00 6Prima Guy, Morrison 3.80 og Brook, Troy Pir} 213 Also Started: greny Grattan, Vel- ley Jean, vom he Ui Tempo Melody. Scratched: Late Model. FIFTH RACE -- Mile pace purse $800 dtaltes "8 28 Ls Hinge tl ey Waddell Also Started: Dick Bingo, Lady Flor- 'ence, Speedy Hedgewood, Adios Direct and Sidney Mac. cate dad RACE = Mile pace purse $800 conditioned 8-Parker Z., Feagan 3.00 2.70 2.4 5-Little Cherry, Foley 3.7% 3.10 2-Andy. Ellis, Furness 2.00 Time 2:08 Also Started: Davey Anderson, Peren- nial, Singleland, Lady Petunia and Wat- son E, Frisco. Exactor, 8 and 5, paid $11.90. SEVENTH RACE -- Mile pace purse bred claiming 'Long N Lovely, toner 5.00 a te Peet McKlyo, 4-Waily's Queen." oy 20 Time 2:10 3-5 Also Started: Postal Chief, Van's Gift, Crystal Duke, Wee La Salle and Lincon's Champ. EIGHTH RACE -- Mile pace purse $1,200 conditioned 2-Belmont ore Holmes37.30 14.70 7.80 mec Zin, ENticot 5.80 3.90 5.10 1-Bud gs wastes Tim yy iso Facto: Gun. Wae, Noteworthy As Welly B. Byrd; Jolitop and Hughes Hat. NINTH RACE -- Mile pace purse $800 claiming 7-Lynden Bullet, Curran 7.70 red he 6-Colonel hel Hie .|1Adios Susie, Wellwood 30 Time 2:11 3-5 has been explained by the time lag between when it started its devaluation machinery and the 4|point--Saturday night--when it was freed from sectet talks to be able to its d ».~ This week, Mr. IGA offers you an array of special features. . It's just his way of 1 BOTTLE OF IGA GINGER ALE WITH THE PURCHASE OF 5 BOTTLES OF IGA GINGER ALE AT 2 for 29¢ PLUS DEPOSIT POTATO CHIPS WHITE, YELLOW, PIWK Because the pound and the dollar are the world's key trad-| ing currencies, they suffe most. For years, the pound has been/ nder almost continuous pres- vigorous. Britain also had to carry balance of payments on loan after loan--$2,000,000,000 worth since 1964. OPPOSES SOCIALISM By imposing stringent defla- tionary measures in July, 1966, the Labor government threw over many of its traditional So- cialist policies in a bid to cure sterling's malaise from the in- side. Then came the bitter blow to trade of the Arab-Israeli war, <lwith {ts closing of the Suez Canal, Britain's trade lifeline to the East. It gave Britain's exports a ounding and, more serious, Pp temporarily cut off supplies of reasonably - priced Middle East oil. Then came Britain's formal application to join the European Common Market, a_ prospect which seemed to inject new life into industry. Things looked brighter again --only to be dimmed by nearly two months of wildcat strikes by longshoremen in the big ex- port ports of Liverpool and Lon-| * don. Exporters who had been | scouring the world for orders} :; had to stand by helplessly while undelivered orders piled up in the docks. The overseas trading balance sheet was hit again, building up to a record deficit of £107,- 000,000 ($321,000,000 by the old rate of $3 to the Canadian dol- lar) at the end of last month. BLAMES LONGSHOREMEN Overseas holders of the pound were not satisfied when the Wil- son government blamed it all on} the longshoremen, They--and| . particularly the Freneh--|~ thought the government had lost control, That's when the real run on the pound began. The Bank of England had to). dip daily into its dwindling dol- lar reserves to prop up the cur- rency, and negotiations were started for yet another interna- tional loan. While this was taking place, "| the dollar was havings its own problems. The mounting cost of the Viet- nam war was beginning to strike at the United States' in- ternal economy. A_ one-year trade deficit of $2,000,000,000 was feared and President John- son was having trouble persuad- ing Congress to approve new taxation to dampen inflation. It all added up to the fact that the pound and dollar bricks in the world monetary foundation needed reinforcing. In the last stages of the crisis, confidence in the pound was not helped by the government's si- lence. Last Friday the Bank of England had to back the curren- cy with an estimated £100,- 000,000 ($300,000,000 at the old rate). The government's silence now Alse Started: Dot's Girl, Miss 4 Magic, Uncle Bun | end Clan deboye [Attendenes, 2,790, Hendie, 6160,208, In fact it now is claimed that devaluation was decided on two weeks ago. TISSUE DONUTS -- RHUBARB PIE%2 49 2749 fe There} 1 PKG. OF WHITE OR PINK REGULAR KLEENEX WITH THE PURCHASE OF 1 BTL. OF ASPIRINS 100s 91¢ 1 LB. OF ROYAL GOLD IGA BUTTER WITH THE PURCHASE OF_3 PKGS. OF 2-25, 40, 60 of 100 W WESTINGHOUSE LIGHT BULBS LEG O' LAMB 49: FRONT 0' LAMB LAMB IN A BASKET (Roast , ak LEAN WELL TRIMMED - SHORT CUT LOIN LAMB CHOPS SWIFT'S - LAZY MAPLE - RINDLESS SLICED SIDE BACON 4 FATHON SMOKED FILLETS WHOLE or HALF w ihene a Shop for Value at Any of These Convenient Locations Lansdowne IGA Lansdowne Shopping Centre 166 Adelaide Ave, E., Oshawa Bilsky's IGA 120 Wilson Rd. S., Oshawa Braemor IGA 118 Simcoe St. $., Oshawa Cob mares 33¢ FRENCH FRIES FRUIT COCKTAIL 2%=59¢ COFFEE my 39C ve 7 9C we 2 6 5S..2 2 55C SPAGHETTI an SALTINES AFTER SHAVE = 57¢ SPRAY DEODORANT ' 79¢ FLANNEL SHIRTS ,°1.87¢ m= 4]¢ » 29¢ ain ® '= 89C 2 TALL TINS OF CARNATION EVAPORATED MILK WiTH THE PURCHASE OF A 10 OZ. JAR OF IGA INSTANT COFFEE ot $1.29 2.00 val SHORTENING 338 CHEEZ WHIZ VAN CAMP BEANS PORK GRANULATED UGAR PRG. OF TABLERITE WIENERS «x GOLDEN RIPE TROPICAL FRUIT 10 LB. BAG TANGELOS for a period of years. OLD WORLD TRADITION jiPURE CANE 1 PRG. OF 8 IGA WIENER ROLLS WITH THE PURCHASE OF A LB. BANANAS 12' P.E.L POTATOES 39° SWEET and JOICY -- EAST 70 PEEL CARADA We. 1 GRADE CALIFORNIA RED -- CAML Me. 1 EMPEROR GRAPES