Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 7, 1957, Winnipeg, Manitoba N Winnipeg free press saturday december 7, 1957 time lit up a Swiss watch factory has put this unique wrist watch on 1he Market. The watch is lighted by an electric bulb believed to be the smallest in existence measuring three Millimetres in length and nearly one millimetre in diameter. The bulb is located above the numeral 2 on the face of the watch. It operates for four years through a miniature accumulator which can be re charged. The banker s dilemma servant of 2 masters London Promin ent British businessman who also is a director of the Bank of eng land told a tribunal Friday of what he described As his i Man torn Between had a duty not to disclose any thing directly or indirectly re lation to the. Bank rate. Which duty did you regard As the most i Keswick i regarded them equally Keswick said that when there Lemma As a two duties. William j. As a director of the Bank he could not betray government financial yet he was bound to protect his business interests. Or. Keswick testified in the fifth Day of an inquiry by the government appointed body into an alleged leakage of information became a conflict of duty which duty would or. Keswick said he would not make a Choice. He would do what he. Had done. When told officially at the Bank 61 England that a seven per cent rate was to be recommended he about a two per cent increase in Saint he reported immediately Britain s Bank rate sept. 19. a big order had been vre tribunal adjourned until monday pc lived from Hong Kong to sell the increase to seven per cent British stocks. He said lie caused a slump in the value of i asked for advice and was told government stocks because they not to cancel the transaction. He said thai during the first nay much Inwer interest on the eve of the sept. 19 announcement Keswick s Lon Don firm sold More than Worth of stocks on behalf of. Its the Hong trading concern of Jardine week of september while grouse shooting in Scotland he received a Handwritten letter from the Deputy governor of the Bank of England. This had told him thai conver i Matheson anal company limited nations were going on about pos wrote Hong Kont sible remedies for Britain s then or. Keswick governor of the grave financial position. One of Hudson s Bay company testified these remedies the letter said he had sent a letter and Cable to Miehl be a Rise in the Bank rate. Sept. 16 forecast i he said he destroyed this let ing a tighter Money policy in suggested by the writer. Britain. He said neither of affected j could have arrived in Hong Kong attorney general no doubt before the company there decided j that letter affected your own on its own initiative sept. 17 to thinking quite a isell their British stocks. Keswick it did not affect my i the Bank of England is run thinking i by a governor Deputy governor but he added it confirmed his general fear of the financial situation. Unemployment up in in. Dakota Bismarck. North Dakota b a Jand 16 appointed by employment insurance Crown. The directors Are per last week were up 15 per cent Over fitted remain Active in their thanking him for the Man the preceding week and marked an private business during in which he had Given evil increase of 4 per cent for the year term of office. Jadence. Lord Justice sir Hubert so far. Compared to the same per-1 attorney general sir asked whether his advice Iod last year. Manningham Buller asked Hong Kong would have been Martin Gronvold. Director of the Keswick different if he were not a Bank unemployment compensation your position was a gift ice Lulof England director and had not division said payments for Thione you have an obligation to received a letter from the Dep week totalled payments for. The year to Date Are honest advice to Jardine Uty governor of the Bank. Matheson and company and you or. Keswick replied store t o 5.jflt open Friday 9 . To 5. . Dial Sunset 3-2112 All departments for their Comfort Floral Centrepieces Lor festive tables 1-98 each i make your i Alt settings As at Irac Tivo be possible brighten tip Dull Corners. Thess pretty Flo ral Centrepieces Are made of Wax Flowers and stand up to 9" High. Buy yours tomorrow. Satin bound Viscose and Zerylene blankets 6.99 warm cozy Viscose and blankets Are so easily laundered and of course Mot proof in Hea Venly colors of while Pink Blue limelight yellow Lilac. Red Green. 72x84" double bed size. No Home maker Ever has too Many blankets polyester Fibre hic Staples fourth floor. All Wool blankets famous for their Comfort warmth and Beauty if first Quality would sell for 24.15 each special Large size Plum ply filled Down pillows special each g.99 each assorted Hassocks with Plain fancy heavy plastic co vers. Use As a Footrest White viewing . Makos an attractive extra seat in your Den too. A gift that will be appreciated in every Home. 7i95 4.95 to 12.95 wrought Iron furniture including Kern stands bar stools re Cord player and record stands and tables round Glass topped tables Magazine Racks a modern Graceful gift. 6.s8 other 1.98 to 10.98 Don t miss these savings soft Down filled pillows with sturdy pin Stripe ticking thai prevents filling from working its Way out. Pillow finished Cord Edge As. Why not buy Sev eral i hic still i fourth floor. Reg. 13.95 first Quality Chenille bedspreads Tea copies o Corduroy and Rayon plaid. Warmly padded with on outside with Holder for handle. A gift any Mother will be delighted to receive from her youngster. Corms cellophane wrapped each at 1.59 print cushions for your living room or Den. Firmly filled and Cov ered with reversible fabric with traditional scene and Small Bullon Centre. 15" Square. Limited Quality Only so shop Early Oach special each classed As seconds due to slight irregularities but the flaws Are so slight you la find them hard to find. Each Blanket weighs 6 ibs., feels thick and soft and washes so Well too. Woven to give Many years of service. Large 72x90" size in famous Multi Stripe or Sunshine yellow Blue Reseda Green Salmon Pink Rose. Your Chance to Combine luxury with Economy. Point blankets 63 x 81" size Multi Stripe Only. Special each 15.88 non allergenic Dacron filled comforters heavenly soft Riahi As a Cloud yet keeps you to o a r i y warm on the coldest nights. Ends costly dry cleaning Bills too because your Macron comforter is hand Wash Able dries in a Wink and is absolutely shrink resistant. Resists stains Moth and mildew to Boot attractive Nylon covers come with Dainty Floral pattern on while yellow or Pink background. Extra Large 72x84" size. What a Lovely gift it makes special each Matching , Large site. Special each 5.99 polyester Fibre. Hic Staples. Fourth luxurious attractive bedspreads with self coloured patterns. Double and single bed sizes in yellow White Rose Turquoise red dark Green Green Gold beige. Limited Quantity so be Here at door opening. Personal shopping Only please. Hic Staples fourth floor. Hic wools and Art needlework fourth floor. Embroidered Pillow cases Fine Cotton Pillow cases with pretty novel embroidery in Flo Lal his and hers or or. And designs. Snowy while background with pastel embroidery. Boxed ready Lor gift giving. A Speciall pr., printed Rayon Irish Tea towels Gay and cheery these Perky towels make a Welcome Shower or Christmas gift. There asserted novel prints to choose from in v n r i o u s Colo fast shades. Buy a number and save. Special each he stitched Irish Linen sets beautifully he stitched lunch Eon sets Are so popular at this Cimfl of year. Soft colors of Pink Aqua yellow Hose Green add a delicate touch to your Best China. 50x68" size with 6 napkins. Special i set Irish Linen place mat the smart Way to entertain in formally. Beautiful 8 pee. Set cons Sis of 4 place Mats and 4 napkins in contrasting colors. There Are 2 rows of Hemsi Ilch ing for added effect. Speciall set hic linens fourth floor. Special Christmas Sale of exquisite Irish Linen damask cloths with Lustrous finish lavish luxury and years of Wear Woven right in to these dazzling cloths. Pure Irish Linen damask with a shimmering Lustre thai grows More Lovely with the years. Bleached snowy White with Rich chrysanthemum or Rose pattern to radiate Wel come for Holiday tables. Buy a dozen or so extra napkins for Buffet serving. 64x102" size. Special 64x84" size 6.66 21x21" napkins each 694 7 .77 pastel damask sets Beautiful Rayon and Cotton damask cloths and napkins. Neatly hemmed they have a charming Floral pattern Woven right in the cloth. In delicate colors of Pink Green Gold while. 50x50" size with 4 in napkins. Special it 13 56x76" Sim with 6 . Special 2.99 fancy gift Pillow cases embroidered and Novelty Pillow cases make a pretty and practical gift. Made of firm Fine Quality cot Ion and lavishly trimmed with Gui Gure lace. Others have pretty embroidered patterns. All Are boxed ready for Christmas giving. Standard size pair hic linens fourth floor. The Bay your downtown shopping Centre easier to get to Park at easier to shop at ;