July 9, 1974

Canadian Prime Min Pierre Elliott Trudeau and Liberal party win overwhelmingly in Canadian natl elections; incomplete returns assure Liberals of at least 131 seats in House of Commons; New Dem Party leader David Lewis is removed from Parliament in apparent upset after being defeated by Liberal party candidate Ursula Appolloni; New Dem Party declines from 31 to possibly as few as 20 seats in Parliament; Trudeau Cabinet Mins Mitchell W Sharp and John N Turner retain posts; New Dem Rev Andrew Hogan becomes 1st RC priest elected to Parliament; former Moncton, New Brunswick, Mayor Leonard Jones, running independently, is also a winner; analysts say scope of Liberal party's victory is indicated by its capture of 20 seats in Toronto, Ontario, area where party had been able to win only 11 in previous election; inflation, principal issue in campaign, discussed; illus of Trudeau and Stanfield (M)

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BASEL, Switzerland, July —Central bankers from the world's leading industrialized nations agreed in principle today to provide emergency assistance to financially troubled banks wherever necessary to avert a crisis of confidence in the international banking system.

 

President Isabel Martinez de Peron of Argentina, on her first full working day, pledged to follow the policies of her husband, the late Juan Domingo PerOn, “without an iota of change.” She then announced that the nation's workers would be paid a bonus amounting to a month's wages. Details, Page 9.