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tl kirwo things la the recent election jjwve me a great pleasure one was fine utter contusion of the seht- ppointed political experts com- pinentators and pollsters they fmade a complete and utter bollix lot- their preelection predictions if jfey had their finger on the nat- lional pulse they must have been lwearing heavy wool gloves they pere- about 120 per cent wrong fjvhich is average foctuis type of irexpert in my opinion l tv i havo norhlrtsaoalnst tit phy- sieal export ilk the skilled crafts- lan thp flrtrt athlota they sljave taken a natural talent and rainem carefully and thoroughly f ha point where they can do a lipartfcullar 1hst much better than the rest of us i even have a sneaking admira- iiiiipn for he oneshot expert the tjrfellow who has only one string to his bow but pulls it well like i jmy greatuncle mountain jack one k of the fiercest lumberjack brawl- lers on the otlawa river 0 years ago only a little fellow he was not really much of a fighter but he had an awful temper and one good trick prom a standing start is he could kick and put a heel mark on a aeveafrfbot celling tans pertness came in very- handy lor kicking the heads om large french- men and scots indoeuryarooks with rival umbering gangs the experts who gripe ana at the taudns nw they neea iw mi mb fruity vote r atacile pan and deep and abwhao- ignor ance the people who ghw lactureat oi foreign affairs know a foreign affair from with the lady next doer thav cean- nentatorsjette mix a smatteihnoj of malic personal nrajudle and near sighted surmise and offe it up as hie iaw behind the nw or soma such n then there are the military ex perts retired colonels who fought through many a fierce battle in the quartermasters stores and the experts on love and marriage who are just going through their fourth divorce- and the farm ex perts who wouldnt know a saning- tooth harrow from a bobtailed nag and froon my cjtoe from tses un doing of hm experts in the ile stems my w souiie of satis faction this type of expert domt put off that trip travel now pay letter find it difficult saving for that dream moatkmt boac- ticket ttistwlrrmwut plan ia year answer its aa simple ae shag see imp well help you plan your oversea trip pay aa bttle aa 109 down with up to 24 m to nay the haawim voila 1 youre on your way john r barber agency insurance and travel 27 mill street tr 73521 ity in history these hriubited can adians who denvt knew or care an ytlnng about pwlhjcs according to the exnertjc hajtei stormed the hastillie loppeat off heads top pled thrones and tossed the coon- try hue a state et confusion with a joie de vivre worthy of the french if flhwrnt the- hand a hsuuv they eanifjs tetfcnwnw thoy ere f these experts have crawled oat of the vast careless goodnatured hut da body of the cana dian people and joined a small group of narawtir gnats flying ar ound its head all they can see is the other gnats and all they can sing is the tone the other gnats are singing colourless far from it can- bank assckiatkn ptident motes easing in canadiah inflation fade sat parity i theres wsh rash m w- stodgy not so they are hard drinkers hard workers hard fight- lers inhibited not on your life not as noisy as the yanks as bel- jigerent as the australians or as insolent as the english yet they have a strong enfjdence in their own ability that makes them bold their own in any society and gives them a sharp sense of national identity d ni willi inflationary pressures in canada ham eased to some extent in the pant few months by w w nicks president of the canadian bankers association 1 would not wish to suggest he told the enwimri meeting of the as sociation that the inflationary danger has passed and that mone tary conditions may soon ease there remain strong upward pres sures on costs and prices in a generalreview of credit re strictions mr nicks said a period had been reached when the prob lems ef monetary management luuh become increasingly difficult the- impact or bue of tight money as- strengthening and its effects becoming more and more wide read thiscailed for alertness on the part of the monetary auth orities in watching the changing eeenomici currents not only of ca nada bdt of the united states so that when the time comes to relax tight money the change will be made promptly- looting back to 1965 it appeared that canada was slow- in changing from easy to tight money considerably slower than american monentary authorities it could be he added a more serious matter to lag behind the united states in the event of a change in the other direction there is an uneven pattern in canadas economy some very strong elements some weak spots the anglican parish st georges 5 july 14th trinity iv macintosh archdeacon a c dd 1100 am matt ins no evensong in july st aibons glen williams 930 am holy coramun- ion chevrolets just one good thing after another and others where demand has been easing conditions change very quickly he continued and to gauge the turning point in advance or even at the time is not a matter that can be determined with assurance hut an art requiring a sense of pne minister of ontario the most here on this page are seven of those good things just to start with you can actually find them by the score all the big features of the bestselling 57 chevrolet and every one of them is another dear convincing reason why chevrolet is so far ahead of all other cars in value popularity sales natmoas kch miriuu beovhfol modern color dlovtomffs fpodout aoi- atwnofb would do o fuomtt pamb a ipltt wooxf glunf at cvvwowf dp kocd- wjcoommnm post panol and yow imow ipstrwnontt liav nmyw bomi m olooantly oaty to rod i changing developments and a high order of judgment no central- bank or any other group of ex perts anywher have yet found an answer to this problem of timing andno full answer is possible the impact of tight money- is fr from even mr nicks stated and this is payticularly true in can ada where many businesses have access to sources of funds in the united states and elsewhere i1n addition he continued since central banking policy works largely through che backing system and only indirectly thru other financial institutions prov iding credit some sources of cap- tal are less affected than others again with varying impact on dif ferent types of borrowers the result was that miracles should not beexpected of mone tary policy there were inherent limitations in its use and if pres sed too far its impact could be come so uneven as to create pres sures that would undermine its effectiveness in the last few years the pendu lum has swung strongly in all western countries towards empha sis on monetary policy to expect too much of monetary policy might result in disillusionment and a swing in the other direction toward emphasis on direct con trols and interference with indivi dual initiative and the price sys tem the association president said the suggestions of governor coyne of the bank of canada contained in his 1956 annual report and relat ing to the use of savings deposits in the banks require serious con sideration and the chartered banks are studying them thoroughly and carefully the chartered banks he contin ued are not opposed to change nevertheless they arc the custod ians not only of the liquid funds of business but of much the liquid savings of the canadian people and our prime responsibility is toward our depositors fundamental changes in the banking organization are far more than technical matters to be wor ked out between the banks and the bank of canada they concern al most everyone in this country and i am sure would not be undertaken without the widest possible con sideration of their purposes and implications mr nicks noted how the canad ian banking system had adapted itself to sharply changing condi tions within the past two years without dislocation or confusion and how the chartered banks had responded to national monetary policy both through the machinery of central banking contn through active cooperation the bank of canada indicating how the national po licy of monetary restraint has af fected the chartered banks he said that total canadian bank deposits the main element in the supply of money increased less than one per cent from may 1966 to may 1957 and current accounts largely business deposits actual ly declined in amount over the same period credit restraint can take full ef- feet only over a considerable per iod of time apd by june 1956 sev ldcaac ganvnlw wnvanfts at theatre dedication mr and mrs frank fetch cha pel street were indeed fortunate to be guests at the dedication nf the stratford shakespearian festi val theatre en sunday afternoon june 30th honoured guests at the dedica tion were the hon leslie m frost rev walter f barfoot archbish op of ruperfs land and primate of the anglican church of canada the most rev john c cody bish- op of london u the rn catholic church rabbi solomon frank pas tor of the spanish and portugese synagogue montreal the rt rev james s thomson moderator of the general council of the united church of canada the rt rev archibald d yrkinnon moderator of the general assembly of the presbyterian church in canada and the ven f gwynne light- bourn representing the board of governors of the festival- a member of the board of gov ernors of the festival said that in asmuch as different people worship god in diverse manners and in or der that each may from his heart enter fully into the solemnity of the dedication and may with the dedication of the theatre also dedicate himself to the service of god and of our country it was thought good to order the dedica tion in three separate and distinct acts all with one intent conduc ted by the leaders of several relig ious communions the dedication then proceeded the general dedication ceremony was performed by the rt rev the moderator of the general assem bly of the presbyterian church in canada and the most rev primate of the anglican church of canada the jewish dedication ceremony was performed by the rabbi of the most ancient synagogue in canada and the roman cathglic dedication ceremony was performed by the most rev bishop of london after the several dedications the en to nine months after restraining measures had been taken by the bank of canada the increase in general loans came to a halt since then the total has been comparat ively stable with some tendency to rise in recent weeks i tib ocorwatrowtii hkalo wednesday july lotb 1bot pab s guests were addressed by the hon leslie frost and the rt rev the moderator of the united church of canada the choir for the general ded ication ceremony was drawn from the choirs of several stratford churches and was directed by mr gordon d scott acco atcm the organist was mr john w blackburn musjb the choir boys in the roman catholic dedication ceremony were under the direc tion of the rev poisson ba mas b of windsor ia the evening the guests were invited to a dress rehearsal if camlet which mrs petch 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