Prices The cost of living in Canada climbed by 1% between September and October reaching a figure of 129.4 (1949 prices equal 100) compared with 128.4 the previous month. The indices for food, shelter, household operation and other commodities and services all showed increases which more than offset the drop in the cloth- ing index. Fringe Benefits A management-oriented company has estimated that fringe benefits and required payments under law, such as unemployment insurance, workmen’s compensation etc., cost Canadian employers an average of $1,036 per employee, or 22% of their payrolls. In- dustrial Relations Counselors Service Inc., in a survey covering nearly 491,000 employees in 100 companies, sets the cost of fringes normally subject to negotiation at $761 per employee. Average outlays on fringes range from 16.5% of payrolls in the textile industry to 26.6% in food, beverage and tobacco. The Company’s definition of fringes is wide, including, as it does, coffee breaks, rest periods and similiar items. Contracting Out An arbitration ruling by Harold Lande QC of Montreal has ruled that a company may ‘contract out’ work and thus destroy the effects of a collective agreement unless the agreement specific- ally forbids the practice. British Overseas Airways dismissed its whole 18-man engineering and stores section (members of the United Auto Workers) at Dorval, P.Q. six months before the expiry of its contract with the UAW. Bristol Aviation Industries now operates this section of BOAC’s work. The union claimed that the collective agreement had been rendered inoperative and terminated unilaterally by the company’s action. The agreement did not provide for such action, the UAW said. Jurisdiction Mr. Justice J. L. McLennan of the Ontario Supreme Court has ruled that the provisions of the Ontario Labour Relations Act do not apply to a trucking company that conducts 94% of its business in the province. Tank Truck Transport Ltd. sought an order prohibiting magistrate’s court from proceeding with a charge laid against the company by a former employee. The em- ployee charged that an arbitration award directing the company to re-employ him at certain wages had not been complied with by Tank Truck Transport Ltd. The decision upheld the Company’s contention that it was involved in interprovincial operations and therefore not subject to provincial labour laws. Labatts the one Pilsener beer worth asking for by name! High Wages The Canadian Labour Con- gress has sharply defended its call for higher wages and shorter hours in the face of rising unemployment. In a section of its brief to the recent government conference on unemployment, the CLC said that higher wages are “an im- portant, indeed an essential part, of any realistic full employment policy.” “Possible” First of all, Mr. Jodoin told the conference, the critics have overlooked the word “possible.” The CLC has urged its affiliates to apply “the strongest possible pressure” for greater take-home pay and shorter hours. “The Congress is not exhorting its affiliates to force employers to shorten hours and raise wages beyond their ability to pay ... The Congress is simply saying to its affiliates, “When the money is there, go after your share.” When they are possible, de- clared the CLC president, shorter hours with the same take-home pay. means of course, more em- ployment and a higher total wage bill. Too Small To suggestions that “we should all tighten our belts,” the CLC reacted with verbal vigor: “Vightening our belts is the worst thing we can do. Effective demand for goods and services is already too small. We need to get it up. The last thing we want to do is to keep it down.” Consumer demand is an im- portant part of total demand, the CLC pointed out. “The resilience of consumer demand was one of the main things that pulled us out of the recession,” Mr. Jodoin said. And consumer demand de- pends primarily on consumer in- come. “If we want to increase consumer demand, we must in- crease consumer inconie.” On The Contrary The CLC reminded the con- ference and the government that in the last two recessions voices warned against any wage in- creases. But “labour refused to be frightened. It went on asking for increases and getting them . . . Result: ruin? destruction of the economy? No. On the con- trary, in 1955 (and in 1959) the WESTERN CANADIAN LUMBER WORKER AICLC Defends iCall For et ACTING IWA Regional Secretary-Treasurer, Fred Fieber, left, Regional President, Joe Morris, centre, and International Representative of the Pulp, Sulphite and Paper Mill Workers Union, Stan Green, during the Unity Meeting held between the Pulp and Paper Council, Paper Makers and IWA October 29, in Woodworkers’ House, Vancouver. Credit Unions Claim Loan Companies Bilk Parents lnm New Education Plan As the cost of a university education mounts, the market is being flooded with plans to “finance your son’s education —the easy way.” Take a good look at these plans before you buy: they may cost more than you think, according to credit union sources. Many education loan plans are available, and some offered through hanks are reasonable in cost, states a release by Credit Union National Association. “However, parents in the market for such a loan would do well to investigate the charges and terms of the loan carefully. The true interest rate is hard to figure on these loans because the money borrowed is usually disbursed as the student needs it, and not in one lump sum.” Not Law The instalment lending industry economy began expanding again.” “In the light of this record the Congress and its unions still re- fuse to be frightened out of asking for all the wage increases they can get. On the contrary, they believe it is essential to do so, in order to maintain and increase consumer purchasing power. This is labour’s ‘hold-the-line’ policy: hold the labor income line, hold the consumer purchasing power line; and advance both as far and as fast as you can.” Quebec Credit Unions Show Greatest Assets _ The 1960 Credit Union Yearbook published by CUNA shows caisses populaires and credit unions of Quebec with assets of almost $700 millions. The only part of North America anywhere near Quebec is California, with total assets approaching $500 millions. is going into the education loan field and the true cost of these loans is not low. For instance, Household Finance Corporation has set up a subsidiary Education Funds, Inc. which will lend amounts from $700 to $2,500 a year for periods of one to four years, up to a total of $10,000. Payment can be spread-out as far as six years. The Household plan operates on a 5% discount basis (actually close to 10% per annum simple interest) plus a $1 month- ly service charge, plus $2.27 monthly charge for credit life in- surance. “Before signing up for any edu- cation loan plan, get the full con- tract and statement of all charges, and take it to your credit union,” the release advises. The credit union will show how the costs stack up compared with a credit union loan, and, of course, will recommend that you take the best deal. “The idea that automation is displacing any American workers is ridiculous . . is‘ ridiculous’. . . is ridiculous . .. .” so convenient... keep track of expenses with a CURRENT ACCOUNT ® you receive a monthly statement with your cancelled cheques. © open your current account with us today. CANADIAN BANK OF COMMERCE 800 Branches in British Columbia