The Exeter Times-Advocate, 1977-05-05, Page 11status.
Personal Income Tax Revenue
is $172 million below budget, due
to unemployment and under-
employment; Retail Sales Tax
Revenues are $107 million below
budget because of lack of con-
sumer confidence. The crisis in
our mines has yielded only 42 per
cent of the Mining Profit Tax
budget. Weak markets, high
costs and general uncertainty,
which have plagued
businessmen, have resulted in a
shortfall of $95 million in Cor-.
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Osborne Hobert Mutual .
Fire Insurance Company
(Established in 1876)
Provides Full Insurance
Coverage for Town
Dwellings as well as
Farm Properties
Ross Hodgert
Hugh Benninger
John Moore
Clayton Harris
Joseph Uniac
Mrs, Elaine Skinner
Wally Burton ,
AGENTS
Woodham
Dublin
Dublin
Mitchell
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Exeter
Exeter
229-6643
345-2001
345-2512
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235-1553
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DIRECTORS AND ADJUSTERS
Jack Harrigan
R,R.3, Lucan
Robert Gardiner R.R.2, Staffa
Lloyd Morrison
R.R.1, St. Marys
Lorne Feeney
R.R.2, Dublin
Ray McCurdy R.R.1, Kirkton
William Chaffe
Mitchell
Times-Advocate, May .5, 1977
P080 11
AN EARLY CATCH — One of the first landings made in Saturday's
fishing derby at the Morrison Dam was this catch by Scott Ingram.
T-A photo
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FEATURING:
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THIS WEEK
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Closed Wednesdays, Open Friday Till 9 p.m.
429 Main St., Exeter Phone 235-2522
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Decry lack of job generation
PREPARE SMORGASBORD — Thursday's Smorgasbord dinner sponsored by the Exeter United Church
Women was very successful. Shown preparing the meal are Avis Cudmore, Verlyn Lindenfield, Lulu Floody
and Hazel Snider. T-A photo
By JACK RIDDELL
MPP Huron-Middlesex
Oppositon Party Financial
Critics responded to the
Provincial Budget this week.
Both parties were highly critical
of the Government's lack of ef-
fective initiatives to generate
employment in the Province.
Liberal David Peterson ex-
pressed concern that "the
Government had, to a great
extent, spent itself into such a
corner that it now has no room to
manoeuvre, particularly with
respect to stimulating an in-
crease in job opportunities to
reduce the present very high
rate of unemployment.
He stressed the need to give ',greater assistance to the small
business sector which employs 60
per cent of the labour force, is
labour-intensive, and can create
new jobs much more quickly and
cheaply than large capital-
intensive industries, Small
business is flexible, able to adapt
quickly to changes in the market,
and possesses great potential for
technological and other in-
novation.
The Government's job creation
program leaves much to be
desired. At a time when unem-
ployment in the construction
industry is running at 19,2 per
cent (as of January this year) the
3,356 jobs to be created in the con-
struction sector, at a cost of
$22,500 each, represents but a
drop in the bucket.
This Province is suffering from
the highest unemployment in
decades - 312,000 people unem-
ployed in March ( a real rate of
7,9 per cent). We are suffering
from continuing high inflation,
under-utilization of our
manufacturing industries,
stagnation in our mining industry
and widespread lack of con-
fidence among consumers and
businessmen alike.
Mr. Peterson felt that the
single most serious defect in the
budget is failure to come to grips
with the energy situation in this
province. Ontario has the highest
per capita consumption of energy
in the world, and we must
analyze consumption in all
sectors, taking effective
measures to curb our annual
growth in demand which has,
historically, been approximately
5 per cent annually.
We have proposed a com-
prehensive compulsory set of
insulation standards for all new
buildings, and a thermal
upgrade, retrofitting and in-
sulation for all existing struc-
tures, If existing housing stock is
brought up to 1975 federal
standards - at a cost of some $860
per unit, we could save 36 per
cent of our residential heating
bill, or the equivalent of 824
million gallons of oil - which
means $412 million dollars an-
nually, The cost could be
capitalized and spread over a
number of years, and even
though the homeowner was
paying for insulation, when the
cost was set against the savings
in fuel, his total bill would be less.
We need to have motor vehicles
licensed on the basis of weight or
on a formula related to energy
consumption, not the number of
cylinders. We need a system of
tax credits for the installation of
renewable energy equipment;
efficiency standards for all
energy consuming devices, in-
cluding houses; and a rate
structure in both electricity and
natural gas which is progressive:
i.e. the more you use the more
you pay.
A time of day pricing structure
should be introduced for hydro, to
discourage use in peak periods -
to assist in better load
management, and we need
programs to stimulate the
development and manufacture of
renewable energy devices here in
Ontario, as well as a federal-
provincial agency whose man-
date is to guarantee Canadian
energy supplies.
These energy proposals would,
if implemented, have a very
positive effect on Ontario's
economy, as well as ensuring, to
a great extent, our future energy
supplies. Moreover, they have an
enormous potential for the
creation of jobs.
Both Parties reviewed the
Province's present financial
porate Income Tax Revenue.
The budgetary deficit is over
budget, by $302 million; net cash
requirements, by $158 million;
net debt, by $212 million, net non-
public borrowing, by $72 million.
Government occupational
health and safety programs have
been given an 83 per cent budget
increase for 1977-78. The
programs, drawn from two other
ministries and now consolidated
in the Labour Ministry, after
years of criticism, have been
given an extra $8-million for a
total budget of $17.7 million this
year. Part of the budget is $2.5
million from the Provincial
lottery fund and will be used for
applied research on occupational
health and safety problems and
for helping universities and
community colleges train more
specialists in the field.
On March 31st, Richard Smith,
Liberal M.P.P. for Nipissiiig
urged the Minister of Community
and Social Services to adjust
family benefit rates to bring
them into line with inflation. This
week the Minister announced
that these benefits will be in-
creased by 8 per cent.
.. ......