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Home My WebLink AboutTimes-Advocate, 1981-10-21, Page 8Page 8 Times -Advocate, October 21, 1941 By JACK RIDDELL, MP' When the Legislature reconvened after the sum- mer recess on Tuesday, the Premier made a surprise announcement about the government's purchase, fur $650 million, of a slice of Canada's oil industry, namely a quarter of the shares of American -owned Suncor Inc., which sells Sunoco gasoline. For 13 million common shares, the Province is paying $325 million in cash and a further ;325 million - with interest - over ten years. It's estimated that the investment will bring in an estimated $100 million a year, and give the govern- ment greater knowledge of developments in the oil in- dustry. Purchase money will come straight from the Provincial Treasury, thereby in- creasing the government's budgetary deficit, already projected at $997 million for this year, and forcing it to borrow more at an estimated additional cost of $100 million a year to the tax- payers. Liberal Finance critic, David Peterson, condemned the government for failing to go for control over Suncor's policies. "A minority purchase is not an effective instrument for public policy", he said. "There is more in this to meet the eye than meet the mind. The polls tell Mr. Davis that the public is for Canadianization so he is fooling them into thinking that's what he's doing." The Minister of Consumer and Commercial Relations, Gordon Walker, advised Members of the Legislature this week that a warning letter was distributed to all Gas Furnace customers in Ontario. The Minister stated that residential gas furnaces equipped with certain White - Rodgers Values in question may intermittently malfunction. The White -Rodgers Valves in question are in the Model 36 B series. They have been used on gas furnaces manufactured by several companies. The companies in question are: Canadian Coleman Co. Ltd. (Coleman,) Toronto; Clare Brothers Ltd. (Clare Hecla), Cambridge; Grimsby Stove & Furnace Ltd. (Grimsby,) Modern; Homart, Sears, Pyreco & Roberts -Gordon), Grimsby, Duo -Matic -Olsen Co. Ltd. Olsen (Formerly W.H. Olsen Mfg.) Co. Ltd.,Tilbury. The Coleman Co. Inc. (Coleman) Wichita, Kansas. The consumer is urged to contact a local heating Contractor, the Furnace manufacturer or White - Rodgers, if the valve is date coded 7630 to 7752, which means the valve was produced in 1976 or 77, White - Rodgers will replace these valves at no charge to the consumer, according to the Minister. The Ministry have already notified heating contractors, furnace manufacturers, and gas utilities of this potential problem so that they can respond promptly to con- sumer inquiries. Mr. Walker said that his Ministry is committed to the basic principle that any cost imposed on the unsuspecting consumer should be borne by the responsible business or industry. Therefore, the Ministry expects the in- dustry through its own ar- rangements with White - Rodgers and as part of good customer relations, to absorb any furnace in- spection charges and long distance collect calls for consumers who do have White -Rodgers valves in their gas furnaces. According to the Provincial Treasurer, record high interest rates in Canada will drop only when investors have enough confidence in the federal government to invest their money here. "I'm afraid we may have a made -in -Canada rate higher than it should he because of lack of confidence in the federal givernment," Mr. Miller told the Legislature. Opposition Members reminded the government that in the 1975 election, Premier Davis promised to enact a mor- tgage interest subsidy program. Mortgage rates at that time were far less than they are now, and still the Premier has not kept his promise. 1 V Jack's jottings Meets the eye, not the mind The Minister of Consumer and Commercial Relations, Gordon Walker, has told the Justice Committee that the government will not appeal any decision a Supreme Court judge might make in a civil suit test case over the collapse of Re -Mor Investment Management Corp. and related com- panies. He said that if the Government is found liable or negligent, it would im- mediately move to com- pensate investors represented in the suit. The case will be heard in the Spring at the earliest. The Minister was criticized for his eagerness to waive an appeal before a case has even gone to trial, as it was possible that legal points in the decision which would be a benefit to either side might need to be clarified and would, therefore, warrant an appeal. The Leader of the Official Opposion, accused the Government of sitting on a report for more than a year to avoid a crackdown on acid -rain producing sulphur dioxide emissions at Inco. The 100 -page document, dated October 15th, 1980, was already rear completion when the former Environ- ment Minister obtained a Cabinet Order in September 1980 to make Inco meet tougher emission levels in Sudbury by 1983. Dr. Smith asked, "Why has this report not been acted upon and why has it AUXILIARY CHARTER MEMBERS — Charter members from 1951 of the Ladies Auxiliary to Exeter legion branch 167 were honoured at an awards night, Saturday. Back left, Edna Simmons, Dorothy Reynolds, Dora McTavish, Marion Frayne and Grace Wurm. Front, Eva Triebner, Irene Harness, Elsie Jory, Dorothy Pfaff and Annie Lawson. T -A photo been kept secret when it states plainly that Inco could and should clear up to 750 - 800 tons a day by 1985 by the installation of a new fur- nace?" Apparently, the report commissioned by the Environment Ministry, says pollution abatement equipment is now available to drastically curb Inco's emissions below safe levels. Premier Davis has in- dicated that he has no im- mediate plans to impose over-all limits on election campaign spending. He has rejected opposition criticism that the Tories bought their way back to power in this year's election. Statements filed last month with the Commission on Election Contributions and Expenditures show the Tories spent $3.3 million in the election, the Liberals $1.2 million and the NDP about $620,000. Opposition Mem- bers charged that the massive amounts of money spent by the Tory party and its candidates have helped subvert the democratic process. They urged the govern- ment to consider amending the Election Finances Reform Act to impose overall spending limits. READING THE LABEL --- Thelma Russell isn't sure what the contents of a bottle are at Thursday's rummage sole spon- sored by the South Huron Hospital Auxiliary. T -A photo � .11- Clip & Save III MIO M Your Huron Park Centralia Fire Department number is 234-6777 7 1 1 Eggett.s plan skit by Cheryl Cann October 15, the Hurondale 1 "Eggettes" held their six- th 4-H meeting. It was In the form of a party held for the members and their guests, their mothers. The meal started with an appetizer of meatball soup, followed by a buffet of chicken, salad, garlic bread and rice pilaff. For dessert we had pumpkin pie, baked Alaska and orangegg nog. We held our meeting while the mothers ate crackers and cheese, and fruit. We played a game of egg - gammon in which the curious mothers joined in. During previous meetings we learned how to cut, and prepare chickens. Eggs were also a main topic: how to store, cook and use eggs in recipes. Our last meeting will be on Wednesday October 21 at Stewart's where we will plan our skit "Don't Put All Your Eggs In One Basket". Our Achievement Day is on November 10, 7:00 p.m. at Exeter Public School. The 4-H Executive for "Which Came First, The Chicken or the Egg is: presi- dent, Pauline Pym; secretary, Julie Lamport; vice president, Pat Hodgert; treasurer, Joyce Cun- nington; press reporter, Cheryl Cann. Heather's Hair Shop Crediton III III III III III III III III OM 1 1 1♦ Call for an appointment Wed. and Fri Afternoons Thursday - All Day Hours Flexible Phone 234-6773 DON'T FORGET TO GET YOUR AUCTION BUCKS HERE Iv 1 EYE TERIS IENOLY DOWNTOWN ti