Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 23, 1967, Winnipeg, Manitoba Winnipeg free press thursday november 23, 1967 15 Bankers deny charge Toronto up the Cana Dian Bankers association wednesday denied that any charter Banks were involved in a Racket in Selling United states do Lars monday following Britain devaluation of the Pound. John h. Coleman association president and vice presiden and chief general manager o the Royal Bank of Canada a referring to remarks mad monday in the House of com Mons by Colin Cameron nip Nanaimo cow Chan the is or Cameron said one ban was charging a 9v2-per-cent Dis count for . Funds. Or. Coleman said in a pre pared statement it is quite possible that one of the Banks May have raised its rates on . Funds but if so it was Only temporary and in line with the Uncertain Market conditions. However it would be irresponsible to say that the Banks were engaged in a Racket Anc i take exception to or. Cam Eron s remarks both inside Anc outside the House of commons Ottawa staff some Mani Toba Banks have charged too much this week to customers converting Canadian dollars to american funds l. R. Bud Sherman pc Winnipeg South informed the commons wednes Day. He joined the new Democrat member Colin Cameron in urging finance minister Mit Chell Sharp to take action to ensure that the Banks charged the Correct rate of Exchange. Or. Sherman asked or. Sharp if he was aware that although the published rate of Exchange Between the Canadian and . Dollar according to Manitoba newspapers tuesday was s1.07v4 in Canadian currency for United states the Canadian Dollar was being discounted in some Manitoba Banks at rates ranging to As much As 9vi per the Winnipeg member said this was the Case specifically in two chartered Banks in Swan River. He asked or. Sharp to shed some Light on the reasons for this practice. Or. Sharp said a i can suggest is that any discount of this kind is completely unjustified arid or. Cameron earlier in the sitting said he has evidence the practice is widespread. He said he had received a Telegram from Montreal and letter from Calgary Weston ont. And Ottawa confirming that the Banks were charging a Premium of nine to 9% cents for the . Dollar on monday. Tear Gas stops Battle Calcutta Reuters Stone throwing crowds battled with police and 80 demonstrators were arrested Here wednesday As the political Cri Sis gripping three major Indian states appeared to be spreading to a fourth. Police Here used tear Gas and steel tipped Bamboo canes to break up the demonstrations. At one Point they opened fire to disperse a crowd which set fire to a police radio truck. No casualties were reported in this incident. But several leaders of the United front coalition whose dismissal As the West Bengal state department led to the Vio Lence were taken to Hospital after police charged to break up a protest rally wednesday night. Seventy leaders of opposition parties leftist labor unions and student organizations were arrested in Calcutta during the Day under the preventive de Tention act which allows per sons to be held in jail without trial for up to six months. Meetings and processions were banned by the new state government sworn in tuesday night. The communist dominated United front administration was dismissed after it refused to Call a meeting of the state As Sembly by dec. 18 to show that it had a majority. A leftist Call for a general strike and a Complete shutdown in the City closed schools and government offices wednesday. Buses and trolleys did not run. Business and commercial pre Mises were almost deserted. The United front government in the state of Punjab collapsed wednesday after 17 Assembly members withdrew support from the ruling coalition. Minis ter of state Gurnam Singh told a press conference he would ask the state governor to dissolve the Assembly and hold an elec Tion. Presidential Rule was imposed tuesday in the Northern state of Hawana and was one of the factors behind a non Confidence motion introduced by the opposition to mrs. Indira Gandhi s government in the new Delhi parliament wednesday. Christmas store hours . To . Except november 25th and december 23rd . To 6 . Dial Sunset 3-2112. All departments. Out of town shoppers Cali toll free ask for Zenith a 5-5000. Smart shoppers know it costs no More at the Christmas rings throughout the Bay. Be elaborate give an original painting or be selective give useful Hassocks. Either a most enjoyable gift to receive see them now at the Bay your treasure House of gifts european masterpieces to enhance the Beauty of your Home. 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