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Home My WebLink AboutThe Goderich Signal-Star, 1974-11-07, Page 29*Custom Built Homes •Commercial Buildings *Remodelling - •Renovation *Siding 25 YEAR'S EXPERIENCE IN ALL KINDS OF CONSTRUCTION KROHMER CONSTRUCTION RR 3 BAYFIELD S65-2843 a Ara GODEFUCH ,SiQ►i tleSr)TA,R, THURSDAY, NOVEMBER 7, 107 PAG Special spooks*, The First Guide company of Goderich gather around the pum- Akin to tell some gory Halloween stories at a special fun night at Robertson Memorial School last Wednesday. (staff photo) Bank officials confident Canada can ride out economic crisis The rate of increase projec- ted for government spending in 1975 is expected to exceed the growth rate for the Canadian economy as a whole, according to the current Commercial Let., ter published by Canadian Im- perial Bank of •Cornrrierce. Noting that federal .and provincial government estimates indicate a rise of 16.1' per cent above 1974 outlays as compared with, a' 13:4 per cent rise in current dollar Gross National`s Product, the publication urges governments to • exercise moderate fiscal restraint "by keeping expen- ditures.under coi~itrol". Such a change in emphasis in current government policies, which are generally expan- sionary, ceuld stimulate invest- ment and ease the pressure on financial markets, the Commer- cial letter says. From now until the middle of next year, the Canadian economy faces a period of slow growth, with weakness in a number of sectors, continuing rapid inflation and intensified wage/cost pressures. The Bank.'•s economists • are forecasting an increase in real GNP of four per cent this year 4 w and three -and -a -half per cent in., 1975. This • compares favorably with the ' United States outlook for a net decline ,in real output this year and only a-tw.o-per cent rise in 1975. The Ccimmercial •letter - which includes for the first time a complete forecast .Tor GNP and the components of Gross National Expenditure in both 1974 and 1975 -, reflects con- fidence in Canada's ability •to ..ride out the next six to nine ' months of continued slow growth and to move toward recovery at a quickening pace during the latter •half- of next year. • A source • of. strength throughout 1975 is expected to he business capital investment, especially in buildings and machinery. In contrast, residential construction will remain weak through the first six months at least. The volume of consumer spending • will. advance-.. com- paratively slowly, particularly for non-essential ,and housing - related items, until the second half of 1975 when real incomes are expected to rise'in the wake of wage and tax adjustments and some moderation in the rate of price inflation... •` "No improvement is expected* in export volume untiPwell into next year, when "the economies of our major trading partners should begin to recover," the Commercial letter' predicts. However, imports will remain relatively strong and- the net Phone 524-8132 DAY` OR NIGHT CHESS C1U.N.ES Chas. MacDonald continued winning ways by winning all four of his games to take a commanding hold on first place with a 15-0 record. Jim Weary is now the only other un- defeated player asµ he stopped• Dave Weary's winning. streak at seven games. Jim Kingsley Managed to win both of his games to climb back up into a level 1 position. Kirk Lyndon's winning streak was stopped at five games. However Kirk still won two of his four games to hold onto his first level- position. John Kane won both of his games to take over first place in -Level 2. John : is also threatening to move into Level 1 as he has an identical percen- tage as Kirk Lyndon. Glen Falkiner was sharp last . week winning all three of his games and .'moving into the regular standings in, second place in Level 2. • lnclustriai • farm • Factory Plain or safety tee. Choice of seven sole materials. ROSS SHOE SHOP 142 The Square . ''oderich, Ont. 17tf Mike .Koszycki broke even with a win and a loss im- proving his percentage from .333 to .375. The standings are as follows: LEVEL 1: Chas MacDonald. with 15 wins, 0 losses and 0 draws for 1.000 percentage; Jim Weary 5.0-0 1.000; Dave Weary 7-1-0 .875; Jim Kingsley 8-2-0 .800; and Kirk Lyndon 8-4-0 .667. LEVEL 2: John Kane with 5 wins, 2 losses and 2 draws for :.667 percentage; Glen Falkiner 3-2-1 .583; Glen W'ightrpan'4-3- 0 .571; Don Bogie 10-10-2 .500; and Larry McDougall 6-6-2 .500. LEVEL 3: Harold Kloeze with 5 wins, 5. losses and 0 draws for .500 percentage; John Kloeze 5-5-0 .500; Bruce Miller 4-4-2 .500; Mike Koszycki 3-5-0 .375; and Doug Brindley :3-5-0 .375. LEVEL 4: Robert Cox with 4 wins, 9 losses and,0 dray; for .308 percentage; Darrell Kloeze 3-8-0..273; Laird Eisler 2-9-1 .208,- Bill Barwick ,2-9-1 .208; Kathy Weary 1-7-0 .,125; and Brian Shortreed 0-10-0 .000., Honorary Members: Clarke Teal with 4wins and 1 loss and 0 draws for .800 percentage and Ian Ross 0-0-1 .500. result will be a further wor- sening;. of the national trade balance in 1975. Turning to prices and wages, the publication notes that the deceleration" -'in food costs which had been expected to slow down the rate of increase in. the Consumer Price Index this year. has not materialised. While most oil -related price changes will have worked through to the retail level by the end of 1974; wage set- tlements from now . through 1975 will average much higher than in r? 'ent years. This latter factor will tend • to narrow profit margins and provide ad- ditionaLpressure on prices from. the cost side. Our first night of free curling for all proved quite successful. 13 was nice to see several new faces as well as some of the "Old' regulars." A big thanks to Mr. Kinkaid for his assistance. Beryl Harper will be in charge of the Wednesday mor- ning curling -- this is a pay as you, play league but is also open to members who would like an extra day of curling. They start at 9:30 a.m. sharp better be there ; on time. Call Beryl at 7642 or 6485. She plans to have instruction on the 13th and begin the •draw on the 20th. Beginners are welcome. Correction on the men's stag this Friday evening,;, it starts at 5:30' p.m. with a. social hour followed by dinner and curling. The ladies jitney is tonight at 5:30. The first afternoon draw begins Tuesday, the 12th at 1:30 and the evening draw begins Thursday the 14th at 7 p.m. If we've overlooked anyone call 'Phyl Durst at 4- 6354. A few words about Skips Choice on Monday. evenings. This is an opportunity for com- petitive players to form their own rinks or call Jack McKin- non at 482-7517 and teams'will be made up of those interested.' We are recommending that each team have five players to ensure full attendance during the busy.pre-Christmas period. "On balance, the overall rate. of •inflation • is expected to decline 'through 1975; to perhaps urotmd-trie"pe'rCe''rtt'' says the Commercial Letter, But, it adds, this "will still he very high by historical stan- dards." The Commercial Letter is available to the public, without charge, at Commerce branches across the country. WELCOME SERVICE would like to ,.call you with "housewarming gifts" and in- formation alsoutyyour new `location. The Hostess will be glad to arrange your subacrip= tion to the Signal -Star ' ' CaII her at 524-7854 Larry Hunter will speak to dairymen ,,'Phisis open to ,both, men and women and is something new in our club so come on all you -keen curlers - give, Jack a call and help him get this draw in swing. Larry Hunter, Ontario Milk Marketing Board Fieldman will be in the Clinton Agricultural Office every second and fourth 'Wednesday afternoon of each month beginning November 13. Please phone the Clinton Agricultural Office for an ap- pointment: The numbers are 482-3428, or Zenith 7.2800. 4 INTRODUCTORY PLANNING WORKSHOP GODERICH TWNSHIP 1....0.•11•• Horn 12 8 p.nr. Holmesville Public S.hool °-- first to attend this All residents of doderich .township are invited public meeting to discuss the. preparation of a land use plan for" the township. EE ISA BRUCE 11!t..AcDONALP ELECTRIC Domestic-CMnersial ;INd$strlsl 133 Britannia Rd. Phone Evenings 524-8 1 46 Your Child's Portrait IN VIVID COLOU-R A GIFT TO ,YOU FROM PEOPLES STORE GODERICH ' ••• NO APPOINTMENT NEC-ESSARY Just drop into our stone during the days -and-hours -listed below. -,Your 'lovely gift picture will be taken FREE by a professional children's photographer. One . gift portraitto a family- which may include groups or any member from as young as six weeks or older. Family group portraits are welcomed. FRIDAY NOV. 8 SATURDAY NOV. 9 Suri merce Key cco what you pay,iow cheques alone, it's be any $2.50` extra. Think of it. Ifyou ten personal cheques a rhos a cheque you can spend $1. there. So the most you'd possi i moire for a Key Account would be And that soon pays for itself in Take Bankplan Loans, With a Ke' county the Commerce gives you preferred rates on most Consumer loans. ' Travellers' Cheques With a Com- �.e never a a Com - mace li�tex �co�!>at� you'llpay iervice:cht 4 t icm. CANADIAN 1MPII~RIAL it Belt rb, &aged BANK OF COMMERC w „,• "1.., for O'Canada or our new Key Account personalized, cheques, using our 24 -Hour Cash' Dispensers, paying utility bills, purchasing money orders or domestic drafts. A Key Account gets you a Commerce Chargex Card and over- ,draft protection. Plus an identi6- cation card that lets you cash your personal cheque, instantly, at any of more than 1600 Commerce branches in Canada.,, Surprised? Many are. But then, in the course ofan average month, it's even more su� , rising how many times.the need or a' Key Attount pops up