fy
Rh

Photo Ke U.S. ANTI-PERSONNEL BOMB.
Thuycngy; : North Vietnamese child from.
9 by | Yen district, Hoiphong, after bomb-

U.
S. planes April 20. His mother was

ee ees ee

is Fea troshima Day, August 6, will be
%.5 Brigiicna. by a large rally at Peace
Statec Ttion wit zed by local peace groups in

% Peace workers in the United

<= SS. SS. oe SOE SDE

Mt na;
he i Speakers at the rally will be
Piss of the Board of Evan-
gh Will g So €rvices of the United Church,
The be i 4 prominent American speak-
dre er o the aan Ray Haynes, Secretary-
oo Federation of Labor has
ae for the occasion, Other
am are folk singing, a short

On
Ceremony for the victims of

ss
4
.; id
wD
2:
e-)

—S
Co

Co Son :
t
: thong:

“Ytos

>

hima

4
Saiq
then,

Sok,

es

t Man

: hat th for the organizing committee

as ? m :
Werice t ® bros, Purpose of the rally is to

a ae upon both the Canadian and
A abe to end the war in Vietnam
ff. by, “XPress See and Canadians the oppor-
} San lr desire for an end to the

OTN:
8lNning of negotiations,

a a

Me, Who pl
Be os Beta se. to attend are urged to bring a
Sa =, After the rally for informal

ee Oa

FRIDAY, JULY 14, 1967

killed and the child was left with a large
number of steel pellets all over its body from
CBUs (anti-personnel bombs) dropped by
U.S. planes.

discussion being arranged by the U.S, peace
group, Vietnam Summer, Starting time for the
rally is 1:30 pm, Sunday August 6, All proceeds
are for medical aid to the civilian victims of the
war in Vietnam,

The Peace Action League, which sponsored the
giant April 15th march in Vancouver, is sponsoring
the event along with other representative organi-
zations. The Peace Action League includes: Voice
of Women, Fellowship of Reconciliation, Canadian
Campaign for Nuclear Disarmament, Religious
Society of Friends (Quakers), B.C. Peace Council
and the Women’s International League for Peace
and Freedom,

Last year Hiroshima Day was marked with a
giant rally at the Peace Arch which saw 2,500
people from Canada and the U,S, gather to protest
the Vietnam war and to assert that there shall be
“No More Hiroshimas,” A 20-mile march of youth
groups from Central Park tothe Peace Arch was a
feature of the demonstration,

This year young people are again planning a
march to coincide with the Peace Arch Rally,
Details will be announced later,

Hiroshima Day rallies are being held in many

parts of Canada,and US. oy epegecnseeseseeees

VOL. 28, NO. 28

WHAT’S BEHIND PREMIER
BENNETT’S BANK FIASCO?

<<

SEE PAGE 2

Tribune

10c¢

Non-confidence
in Socred gov't

By MAURICE RUSH

Premier W. A. C. Bennett’s Bank of B.C. got off to a bad
start lost week when the Board of Directors were compelled by
poor public response to lower their sights on the amount of share
capital they hoped to raise to launch the new bank. Behind this
fact lies one of the most important political stories since the pro-

vincial election last year.

With considerable fanfare, and
public endorsation by the “great
one,” the bank optimistically set

-, the target of $75 million to be

raised by public subscription, But
the public didn’t respond,

Now the bank’s directors, after
an, emergency meeting last week,
cut the target from $75 million to
$25 million, They also extended
the closing date from July 15 to
Aug. 15, and announced that a
drive would now be launched to
get big financial institutions like
the Mutual Life Assurance Co.,
and others, to put up large blocks
of capital,

From the very beginning the
bank was Premier Bennett’s baby.
When it was finally approved by
Ottawa and the Board of Direc-
tors appointed, included were the
Premier’s son and his chief lieu-
tenant Einar Gunderson,

The bank venture was conceiv-
ed by Premier Bennett and the
big U.S. and Canadian financial
groups who back his government,
It was organized and launched by
the Premier, all the while pub-

Anti-Labor

FORGERY
EXPOSED

In Prince
Rupert Paper

—See Pg. 8

lically associating himself with
the venture, There was even talk
at one time that he would call a
provincial election on the issue
if Ottawa did not approve a
charter for the B,C. bank,

Therefore, right from the out-
set, the setting up of the B.C,
bank was an open political move
associated with the policies and
life of the Socred government,
Its primary purpose was to raise
funds from the public which could
be used to further theSocred gov-
ernment’s economic policies,

These policies included the
building of a vast hydro electric
grid on anorth-south basis, tieing
B.C. more closely with the U.S,,
and thus achieving the Socred
government's goal of closer in-
tegration with the U.S.

But projects such as the Peace
River and others on the drawing
board need lots of capital, Money
raised by the bank from the
public was to be utilized for
the huge projects being sponsored
by the Socred government,

The Bank of B.C, was designed
as a key agency for direct inter-
vention by the State, in conjunc-
tion with the big U.S, and Cana-
dian monopolies, to carry through
vast plans which would bring big
profits to their promoters,

To achieve this aim, the pres-
tige of Premier Bennett and the
Socred government was put on
the line behind the bank, The
bank was to be launched with an
appeal to the “ordinary people”
for the initial capital and shares
were lowered to$25, The purpose
of the campaign was to give it

the appearance of being a
“people's bank” with popular
backing,

But after much publicity, bal-

See BANK, pg. 8