HomeMy WebLinkAboutThe Goderich Signal-Star, 1984-10-24, Page 17PACE 18 -GODD SIGN,AirSTAR, WEDNESDAY, OCTOBE 241i, 1
Terms of new series of
COm ercial fig' ,„
fi,sliqu�tas ruled
Savmgs Bonds announced
invalidn.�r��
Supremecourt
by fl t rio of. Fin BY annp ted that the
The Minister 'of Natural Resources, the
Honourable. Alan Pope, informed the ,
Legislature this week that -as .a result of a
Supreme Court, Judgment on October 15, in-
dividual quota assigned to commercial
fishermen have been ruled to be technically
invalid at the present time. In the decision,
it was held that the authority of the Minister
of Natural Resources to impose individual ,
quotas Is not legally delegated in the
Federal Fisheries Act or the Ontario
Fisheries Regulations made thereunder.
The Minister advised that all of the other
Ontario Fishery Regulations involving both
sport and commercial fishing remain valid.
The Province is currently seeking both a
stay of this Judgment and leave to appeal
the Judgment to a higher court. In the
meanwhile the Minister said his Ministry of-
ficals are reviewing the other legislation
and they will advise the commercial fishing
industry of their subsequent approach to en-
forcing harvest controls.
My colleague Remo Mancini, M.P.P. for
Essex South said that it was incredible that
Mr. Pope and former Ministers of Natural
Resources, could 'all have talked about the
possibility of quotas for such a long period of
time and not even realise they lacked the
authority to put them in place. . "
The quotas which were implemented ear-
ly this past spring, Kt. Mancini said, were
implemented in a hurried and chaotic
fashion. The Minister proceeded with incor-
rect figures and without a Quota Review
Board in place. Mr. Mancini said that con-
sequently, some people were penalizl by
the inaccurate figures used in compiling
quotas, and were further penalized by the
Ministry of Natural Resources' inability to
organize the programme before its im-
plementation.
Mr. Mancini challenged the Minister to
make public any documents or research in-
formation which the Government of Ontario
may have in order to inform the public of the
exact quantity of the fish stock.
EXTRA BILLING MAY END
Federal penalties of more than $4 million
a month may cause the province to recon-
sider a ban on extra -billing by doctors. The
QUEEN'S
PARK
Canada Health Act, a federal statute passed
last summer, allows Ottawa to withhold
transfers to provinces which permit extra -
billing of patients. •
Any ban would take a few years to imple-
ment, according to the Minister of Health,
Keith Norton, who said "a phasing out of
extra -billing would allow for a 'non -
disruptive period to occur'." A ban on the
practice by 1987 would mean that Ontario
would receive withheld federal funds.
Opposition Parties at Queen's Park have
called on the Provincial government to take
action to prohibit extra -billing. Under this
practice, doctors charge patients amdunts
greater than those allowed under OHIP.
THERAPEUTIC USE OF COIN
The Ontario Legislature passed a
unanimous motion to urge legislation of the
therapeutic use of heroin.
The parliamentary resolution asking the
federal government to amend the Narcotics
Control Act to give terminally ill patients
access to heroin was moved by Liberal
M.F.P. Vince Kerrio and seconded by
Liberal House Leader Robert Nixon.
In his presentation Mr. Kerrio quoted ex-
tensively
atensively from the work of Dr. Kenneth
Walker, a newspaper columnist who has
crusaded to persuade the federal govern-
ment to allow the use of the narcotic.. "The
potential for misuse of the drug or illegal
distribution of the drug should never be
allowed to overcome the ppootential benefit to
dying patients and their families" Mr. Ker-
rio said. He pointed out that although heroin
has been banned in Canada since 1954, it is
now legal for medical use in 38 countries in -
'eluding the United Kingdom. Mr. Kerrio
said the drug is widely viewed as a more
successful painkiller than morphine - which
is legal in Canada - and added that Dr.
Walker contends that any additional pro-
blems legalization poses can be controlled.
"What we are tallying about is people who
are terminally ill and for whom there is no
question that the problem of addiction is
totally meaningless," said Odoardo Di San-
to, speaking for the New Democratic Party.
Because the control of narcotics is a
federal matter the decision of the Provincial
Legislature makes no immediate difference
in law. The results of the vote will, however,
be forwarded to the federal government to
give Ottawa the benefit of Ontario's view on
the matter.
Quilt winner
Mrs. Edith Falconer, 219 Mary St:, Clin-
ton, was the winner in the quilt draw, at the
Saltford Christmas Country Fair, last
weekend.
1984-05 series of Canada Savin. Bonds will,
Oqffer investors 11.25 per interest in the
first full year and a guaranteed minimum of
seven per cent in each of the following six
years to maturity in 1 1.
Wilson also announced that the individual
purchase limit for bonds of this new series
will be $75,000. "This limit, however, will not
restrict holders of maturing series S-27 and
S-30 bonds from converting the full principal
amount of their certificates coming due
November 1," the Minister said. "The
maturing amount can be additional to the
$75,0001imit."
Wilson said he anticipates "strong public
demand for the new issue because of the at-
tractive first-year return as well as other
valuable features of CSBs:" He also em-
phasized that the 7 per cent rate offered
after the first year "is a minimum and, as in
past years, may be adjusted upward."
Canada Savings Bonds of the new series
(S-39) will go on sale today, Wednesday, Oc-
tober 24, and no accrued interest will be
charged when purchased up to and in-
cluding November 7. HOwever, as for past
series of CSBs, the Minister reserves the
right to terminate sales at any time at his
discretion.
The Minister also announced that for all
other outstanding series of unmatured
Canada Savings Bonds, the rate of return
for the year commencing November i 1904
will be htcreasod to 11.25 perms, FOTO re-
maining years to maturity the .
minimum annual rates wll� ue to a
ly: 7 per cent. for S-38, 8.50 pet cet for 4-37
and 10.50 per cent for all other series.
The New Series
The new series will be dated November 1,
1984 and will again be offered in two forms -
Regular Interest Bonds which $ y interiest
annually by cheque or direct ,: , t, and
Compound Interest Bonds, on which interest
is left to accrue and compound annually to
maturity.
Investors may, purchase their bonds at
banks and other authorized sales outlets in-
cluding investment dealers, stock brokers,
trust and loan companies, credit unions and
caisses ulair °.-1m ddition, some 10,000
firms ' `i rg across the country
will oper = • " : vings Plans to permit
employ o acquire bonds by payroll
deductions.
Both types of bonds will be available for
cash purchase. Only the Compound Interest
Bonds are offered under the Payroll Savings
Plan and the Monthly Savings Plan. Sales
under the Monthly Savings Plan will not ex-
tend beyond November 7 and individual pur-
chases on this Plan -will be subject to a
minimum amount of $1,000 and a maximum
amount of $10,000.
Fitness Fella's view film
The Port Albert Fitness Fella's held their
sixth meeting on October 17, at 7:00 p.m., at
Mrs. Donna Hayden's.
The meeting opened with the 4-H pledge.
Members asked and answered questions
in the roll call. Business was discussed.
Mrs. Hayden demonstrated macaroni,
:cheese and tomato and apple crunch sun-
dae. Members sampled oatcakes.
Next on the program was a film from the
Huron County Health Unit, called "Nutri-
tion on the Run". The film illustrated many
things, including the comparison of a few
f fast-food places.
Everyone tasted the food and the meeting
was adjourned.
Next meeting will be held on October 24,
at 7:00 p.m., at the Hayden residence.
HAIR DESIGN
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The double breasted look is
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No one can match our selection of
quality garments or our attention
given to every detail.
Take the time to compare
anywhere. Everything considered,
you'll find we offer greater value
for your clothing dollar.
The difference between being
dressed and well dressed.
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s 32 West Street, Shoppers Square
9oderich, 524-4312
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