The Boston Globe from Boston, Massachusetts • 28

THE BOSTON GLOBE WEDNESDAY, JUNE IS, 1960 Twenty-Eight SHOP WEDNESDAY 9:15 A.M. to 9:00 Plan egislature Poised to Rush New Prudential FLOOR iiK-l8U ton Redevelopment Authority. America to Kobe Steel Worki, Vfit- lane The former Public Works Commissioner is one of the His associates are James G. best informed public offi Colbert, political columnist for a West Roxbury weekly newspaper; Msgr. Francis J.

Lally; Court Ruling Final Step On Constitutionality of Draft be necessary. The Boston authority will prepare a finding that the Boston Albany's abandoned freight yards constitute a "blighted area" under the law and are suitable for redevelopment by a limited profit corporation. cials on development of the PRUDENTIAL Continued From the First Page site and worked closely with the Attorney General throughout the long negotiations which began back in February. At one time, Prudential proposed to go ahead with the project under a plan which would have had the Turnpike Stephen E. McCloskey, official of the Boston Central Labor Union and chairman of the state Labor Relations Commission, and Melvin Massucco, a Hearst editor.

Colbert, Msgr. Lally and McCloskey were appointed by former Mayor John B. It will be the authority's duty to pass upon the Pruden oI-n-Airy the largest steel producer in Japan. Announcement of the signj( of a formal contract for th loan was made yesterday by Tsuneo Ichikawa, senior man aging director of Kobe Steel. Ichikawa said that proceeds of the loan, together with additional capital funds raised in Japan, will be used for expansion of Kobe's iron and steel facilities to meet the demand for its products in the Southeast Asia area.

He emphasized that the planned expansion is not aimed at tha American market. The loan bears interest at 7 percent and is for 15 years, with amortization beginning in Authority develop the surface area of the site as a toll road riynes. Massucco is an ap- tial application for the project and set up the rules and regulations under which it will contract with the city for annual payment in lieu of taxes. Any contract will be subject to the approval of the Mayor and the City Council. Mayor Collins suggested bypassing the Boston Redevelopment Authority because no federal funds would be involved in acquiring the Back Bay site since the insurance company had purchased the area for an estimated $4.2 million.

Public control over the project will be preserved, the Mayor said, by placing it under the supervision of the Redevelopment Authority. Hub's Hevem'e, interchange and garage. The pointee of Gov. Furcolo, The compromise proposal is based upon the plan put forth by the Mayor but it divides the authority over the proposed insurance center among the existing Boston Redevelopment Authority, the Mayor, the state Insurance Commissioner and the Boston City Council. air space over these facilities were to have been leased to Prilnnniinl I pnnc Prudential.

This nlan was re-i TUUVIUUll LtlU5 Jacketed Sundress 10.99 SiiiiHVi to 28' kmwft ytii tup (1 I ffimV jected by the Supreme Judicial JQ MUUoTl Whitney to Act as Overseer To Kobe Steel Insurance Commissioner Otis trill bs riven tha An advisory opinion of the court was asked in the case of the Turripike-rudenuai pro-; posal. tmW YORK, June 15 A $30 the fourth star. The loan is million loan has been made by guaranteed by five leading Prudential Insurance Co. of commercial banks in Japan. The Mayor emphasized that the city will receive precisely job of approving a plan for the segregation of Prudential funds to assure that the company will not make a profit of (TfAllnM 4ki a.

i the same revenue from the Prudential company, under the Constitutionality Big Issue It is not planned to ask for an advisory opinion this time. pending proposal as it would "'au on ine have received under earlierr -n -i U-2 Will Cost niumcjf wm alio see lO IX Cool and bare in the un, demurely jacketed for town or evening wear! Smartly flattering tare-free cotton batiste eyelet in navy blue, black. agreements reached between Prudential and former Mayor Hynes $3 million or more. Ordinarily, the Boston Re G.O.P. Election, Bishop Predicts development Authority would seize the land involved in redevelopment projects and then Late Bulletins WASHINGTON (API Th Army announced today it Is awarding a $1,153,520 contract to Poorvu Construction 192 Worcester Wellesley Hills, for construction of a physics laboratory at Laurence G.

Hansocm Field, Bedford, Mass. The Army ad vised Sen. John F. Kennedy (D-Mass.) the award will be made this afternoon through the Army Engineers' regional office at Waltham, Mass. that the company lives up to its contract with the city.

While William F. Callahan, chairman of the Massachusetts Turnpike Authority, will have no direct connection with the redevelopment of the area, he will be involved to the extent that construction of an extension of the toll road into Boston will cross the proposed site. Callahan was instrumental lease or sell it to the developer. Under the proposed measure, since Prudential already owns the land, this will not Instead, following enactment of the bill by the Legislature, the court will be asked to rule on its constitutionality through a declaratory judgment. This means of testing the legality of the agreements has been decided upon because it gives all parties involved the opportunity to submit briefs to the court in which the various positions can be argued.

In asking for an advisory opinion, the court is asked a number of questions' which are not supported by arguments and the jurists may answer one or all of the questions as they see fit. Joseph W. Lund, Boston realtor, is chairman of the Bos- I'lH'f'-'i REDLANDS, June 15 (UPI) A Methodist bishop says he thinks the Republican Party will lose the presidential election because of "government bungling and stupidity" in the U-2 spy plane incident. Bishop Gerald Kennedy, titular head of 10 million Methodists, made his remarks yesterday at a press confer QUICK, EASY, MOTHPROOFING Gulf Mothproofer in spray can. Simple to use.

Guaranteed to mothproof stored woolens for full year when used as directed. At stores and Gulf Stations. in cringing about a compromise plan which would be acceptable to both Mayor Collins land the Legislature after it appeared for a moment an impasse had been reached. MAIL AND PHONE ORDERS FILLED PROMPTLY HU 1-9800 30 WEST BOSTON Arid 25e lor deltrrry; C.O.D. ISc mart THE SMOOTHER BOURBON Kentucky Striifht Bourbon Whlk SYn.Oltf Proof Aneint Age OitCo.rinktort,K OPEN DAILY, 9:30 AM.

TO 9:30 P.M. SATURDAY, 9 TO 6 BIG, BOUNCING BABY VALUES DEFENDS PARKING LOT BIDS Associate Public Works Commissioner George C. Toumpouras declared today that the department followed a procedure established in 1955 by former Commissioner John A. Volpe when it invited bids for parking areas along the central artery. The statement was an answer to Rep.

Francis W. Perry, Bos-ton realtor, who criticised tha method of handling the parking lot bids. SENATE CUTS TAXES WASHINGTON (AP) Tha Senate Finance Committee today voted to repeal the local telephone service, telegraph and travel taxes. The action would cut federal revenues $752 million annually committee tacked the repeal of the taxes onto an administration-backed bill calling for another year's extension of $4 billion worth of taxes and a new temporary increase in the national debt limit. at the ence preceding the 110th session of the Southern California-Arizona Methodist conference.

The 1200 ministers and laymen attending the conference approved resolutions calling for the admission of Red China to the United Nations, halting of nuclear testing and use of birth control where needed. Kennedy at the press conference said, "1 am a Republican and I think we're licked (because of the U-2 incident). We lied, we got caught and we had to admit it." In his talk at the convention, Kennedy called for the government leadership to "go back to the austere, strict doctrine that a Christian man always speaks the truth." He characterized the handling of the U-2 situation by the United States as conduct one might expect of the Soviet Union. "We distrust communism be "Nation's 1: tit if i (88 FIRST STT LECHMERE SALES Jlili Top Store" From the Brand Name Lechmere Sales, come unchallenged pre-summer values on all the nation's top Hr.intl Samtt FoundutwrT ii 12th Annual Retail Awards III lit. irruurnr riirr cause we have learned that it believes falsehood is justified if it serves the cause," said uvenne goods.

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