Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 7, 1966, Winnipeg, Manitoba Winnipeg free press thursday july 1966 ii Simpsons Sears warehouse Sale shop tonight Friday till 9 . And All Day saturday Gigantic clearance of first Quality mattress and Box Spring units Linister Mitchell Sharp s introduction of his Resolution Prece Ding the Bank act amending Bill a increasing the six per cent ceiling on chartered Bank Loans represents a major Victory for e minister. It has been a Long and difficult struggle first in _ the caucus and then in the Cabinet. The minister has come Forward with one Compromise after another to persuade those who were fighting to retain the ceiling at six per cent that it should be allowed to go up. He told a press conference late tuesday that the Bill is in its twelfth Thea he laughed and conceded that this teas been the most difficult problem he had faced taking office As finance mini Ster not just because of tha political difficulties Bat because of the economic questions ind. Ved. He was asked 3 he Felt he had tiie solid support of the Liberal party behind the new Bill use minister replied i have no doubt in my but when he was questioned As to whether there might bal major changes to the Bill made in committee the minister bridled. He said there could be changes made but the formula for raising the present six per cent ceiling and eventually removing it altogether Rotim remain. Or. Sharp has. Been mined throughout his Long bitter fight in the caucus and Cabinet to raise the six per cent Bank rate ceiling and eventually to have it removed entirely. But former finance minister Walter Gordon and former Secretary of state Maurice Lamontagne have led the fight against raising Tea ceiling. There Are several Liberal backbench ers who Are not Happy at the Prospect of the ceiling being allowed to go up. The showdown came in the Cabinet More than a week ago when word leaked out that or. Sharp was so incensed Over the reluctance of prime minister Pearson to proceed with the proposed banking Bill that he bad put his Cabinet position on the line. Or. Sharp Felt that tha authority of the finance bad been challenged. Headlines appeared in onto newspaper that or. Sharp was threatening to resign. Ever his close associates say it never reached that stage. Or Pearson and or. Sharp had Long talks and finally the prime minister came Down hard in support of his finance minister. Meanwhile Immi Gration minister Jean Marchand was reported to have told friends that he was disillusioned with the failure of the govern ment to hold the six per cent ceiling and also the slowness with which it was moving to raise old age assistance for those not covered by the Canada pension plan. There were reports that or. Mare Hafid was talking of resigning if the did not act soon to help the pensioners. Opposition Leader John beef a Baker in the commons tues Day recounted with relish these reports. Or. Sharp labelled them bed time Diefenbaker said that or. Mar Chand reportedly was persuaded to stay in the government when the decision was taken to provide extra assistance for the pensioners upper Storey detached Edmonton up Harry Zylenko has carried instalment plan living to tile Point where his Best friends concede he s a bit Loose in the upper Storey. For More than two months the 67-year-old Farmer has occupied the upper floor of Bis House on the outskirts of Edmonton while the ground floor sits by the Roadside 20 feet away. Eventually the two halves will be reunited in Vegreville go i Hes East Here where or. Zylenko a widower with five married daughters spent his boyhood on his father s farm. The detached upper Storey precariously perched on four stacks of blocks consists of a single room equipped with double bed carved dining taboo and Wood stove big enough for heating one pot at a tone there s a target stove outside at ground level. Or. Zylenko will continue climb a ladder to Bis pent House until adjustments ire made to the lower half permit Ting it to be loaded on to a track. Overhead wiring makes it impractical to move House in erne piece. Or. Zylenko Hopes to be Able to Start rolling next week. Or Tite week after. Or possibly the week after Attiat we tilled in the first years of the 28th Century most of fee work Tri in Canada were Farnen ;