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Home My WebLink AboutThe Goderich Signal-Star, 1979-12-13, Page 24• PAGE 24 -GODERICH SIGNAL -STAR, THURSDAY, DECEMBER 13, 1979 Huron M.P.P. says interest rates must comp down to save farmers BY JACK RIDDELL, M.P.P. Last week I attended the annual convention of the Ontario Federation of Agriculture. One of their most important policy papers was on the high interest rates and the impact it has on farmers, small business people and consumers. The paper pointed out that in Ontario, farm investments had in- creased from $3.3 billion in 1960 to $23.4- billion in 1979, and that in- debtedness, over the same period, has in- creased from 11.2 percent of investment to 16.8 percent. A sample given, was seven cash crop farms producing mainly corn had in 1978, actually paid interest that exceedednet farm income. A 5 percent increase in the interest rate on these farms', charged on the 237,500 dollar average in- debtedness, would reduce average net income, before taxes, by $11,875. If this added cost were passed on through higher corn prices the increases, in this example, would`be almost 27 cents per bushel. The Governor of the Bank of Canada says that Canada must match the interest rates in the United States. T is is disputed by m y economists who t out that the U.S. inflation rate of 13 per- cent produces an interest rate of 16 percent for a net effective interest rate of 3 percent. This is the historical relationship of interest and inflation since the beginning of our monetary system. In Canada, our 9 percent inflation rate and the U.S. adopted rate of 16 percent produces an effective interest of 7 percent, clearly double the U.S. rate. The Governor claims we have to follow U.S. rates in order to keep capital in Canada but, an examination of the record proves that in the past, capital flow in and out of the country is not directly related to interest rates. Money comes in to Canada because of the long term opportunities; and there are many in Canada, because of our vast undeveloped resources, particularly in the energy field. High interest rates are starting to cripple p .. pple far- m.ers and small businessmen who recently expanded their businesses, and they are freezing 'out young far- mers and business people from making a start in Police... , • from page 3 The incident is still under investigation. On December 9, a vehicle slid into a stop sign and knocked it over at the corner of Warren and Blake Streets; There were four ac- cidents during the week. On December 6 at 6:19 p.m., there was a two car accident at the corner of Elgin Avenue and Montreal Street. There were no injuries. At about , the same time, another two car accident was reported on Elgin Avenue. There were no injuries in this accident either. One driver was arrested for being im- paired. On December 7 at 4:33 p.m., there was a minor accident in front of the Bank of Nova Scotia on the Square. On December 8, there was a two car accident at Bayfield and Britannia Roads. There were no injuries but police estimate $1300 worth of damage. Chief Pat King says that the police have received reports of old refrigerators being put outside with the doors left on them. This is con- sidered a danger since children have been known to crawl inside and become trapped in abandoned fridges. Chief King would ask that people keep on reporting such things to blice to prevent tragedy, life. And consumers are hurting as evidenced by sagging retail sales of big ticket items. toss of jobs can't be far behind. It is clearly up to both levels of government, provincial and federal, to take steps to cut back present interest rates,, the highest effective rates that we have ever ex- perienced in Canadian history. LICENCE SUSPENSION The Attorney -General has told the Legislature's Justice Committee that he is considering giving policemen the discretion to hand out 24-hour licence suspensions to drivers who have, been drinking. Anyone given such an on -the -spot suspension would have to make his or her own way home, and the car (plus licence) would be returned 24 hours later. While the details of such a scheme have not yet been worked out, it would have to be carried out in conjunction with widespread use of the "Alert" portable •••••••••••••••0- • • • • • • • • • • • • 1 1 1 1 4 1 • • • • • • • • • • • • HUMPTY DUMPTY •• • • • • • • • . • • • • • • • • • / 1 breathalyzer machines which are used by police to determine whether a driver should be taken to the station for a test on a breathalyzer, which is capable of giving more accurate readings. RIGHTS FO.R DISABLED While the Liberal Party was pleased to see the 'Government finally move toward granting rights for disabled, our support for such legislation was contingent upon discussing the matter with representatives of disabled persons' groups. We met with the Ontario Federation .for the Physically Handicapped, which represents some 39 different associations for disabled people - in- cluding the Canadian Hearing Society, the Ontario Society for Crippled Children and the March of Dimes. Their opinion was unanimous: Bill 188, as it is written now, has a number of serious weaknesses. Specifically, it does not completely prohibit discrimination against •••••••••••• handicapped persons in the very crucial areas of employment, housing, pension and insurance schemes, and provision of services. It also establishes yet another government office for handicapped people which the Federation believes will have a dubious advocacy role and could simply create more confusing red tape for disabled people. Above and beyond these problems, the Federation is unhappy with the whole idea of having a separate Bill for the handicapped, believing such a policy to be discriminatory. The Liberal Party accepts the view of disabled people that they should be included in the Ontario Human Rights Code rather than made the subject of separate legislation. We recommend that the government not bring forward Bill 188 for second reading and produce.instead, a proper amendment to the Human Rights Code. •••••• COMPULSORY INSURANCE Ontario's new Com- pulsory Automobile Insurance Act came into effect on Deceanber, 1, 1979, and requires that all motor vehicles registered on or after that date be covered by a minimum of $100,000 third party liability insurance. Under the new legislation, Ontario driver, can no longer pay $150 into the Motor Vehicle Accident Claims Fund and register a vehicle for use without insurance. Vehicle owners will be required to verify in writing that they have insurance before registering a vehicle or renewing registration and obtaining 1980 licence plate stickers. Renewal stickers must be obtained before March 1,1980. The legislation calls for the formation of an in- surance industry pool for high-risk drivers, known as the Facility Association, that will be m operation beginning December 1 •••••••••••• • • • • • • • • • • • POTATO CHIPS 200 GRAM KICKS DILL PICKLES52FL OZ CLUB HOUSE L.P. STUFFED , MANZANILLA OLIVES34,ML CLOVERLEAF BROKEN - MANDARIN ORANGES ,BFL.O2. ROSE SWEET MIXED PICKLES 15,L Oz • • BLACK MAGIC 111, !I BOX ?' CHOCOLATES 3.89 MAPLE LEAF RED SOCKEYE $1.79 SALMON 7OZ DELMONTE FANCY BLEACHED RAISINS • 120Z. BAG 1,.49 • MAXWELL • ROASTED $3 19 • COFFEE• BAC • • PEPSI COLA,. • ^-,.... 3 FOR 994 PLUS DEPOSIT CANADAGINGER ALE • DRY / Tso ML. 3 FOR 99+ , • PLUS D POSIT • I�nL • XMAS CHECK LIST 1 V fEMU , 1, EGG NOG WHIPPING CREAM MIXED NUTS SPICES COCKTAIL MIX 4 TOOTH PICKS 4 SERVIETTES 1 • \ XMAS CANDIES • BATTERIES • CANDLES • • • • • • • • • - SUGAR • • • ®CHIP DIP CREAM CHEESE PLUM PUDDING MINCE MEAT CHOCOLATES SHORTBREAD FRUIT SALAD OLIVES CRABAPPLES STUFFING • SHRIMP • SMOKED OYSTERS • 0 HERRING 1 - BROWN SUGAR 1 XMAS CAKE DINNER ROLLS CHERRIES FILM GROUND SALT WHITE CORN SYRUP • • • •, • • •• • 7 • • •••••• •••••••••••••••••••••••••••• DELUXE MIXED NUTS 12 1.89 OZ. BAG 50'. PEANUTS 694 994 9.29 494 79C I?EL.VONTE FANCY PEAS 14 FL. OZ. FOR 99c DELMONTE FANCY GREEN -BEANS 14 FL. OZ. 2 FOR89 c DELMONTE FANCY STEWED TOMATOES 14 FL. DZ. 2,.. 99` ROBIN HOOD PIE CRUST 19 FL. OZ. . 89c OCEAN SPRAY 14 FL.02, CRANBERRY SAUCE 59` TURTLES 14 OZ. BOX DELMONTE PEAS & CARROTS MAPLE LEAF PURE LARD- ALCAN FOIL WRAP LIBBY 5 PUMPKIN -28 FL OZ MAXWELLANT HOUSE INST COFFEE -,._ 1°0z R$5 35' JAR FANCY- FRUIT BASKETS MADE TO CORDER ALSO EMPTY FANCY BASKETS • $3.89 2 FOR 89c 79` LB. 9.89 69c KRAFT MIRACLE WHIP I LT SALAD DRESSING 9.49 • FANCY ASSORTED • CHEESE BASKETS • TRAYS • MADE TO ORDER FOR 14.I SANTA'S XMAS DINNED & BRUCE PACKERS CUREDSMOKED 14.16 LB. AVG. WHOLE COUNTRY STYLE H A M •••••• DELMONTE FANCY CREAM CORN 14 FL. OZ. WAX BEANS - -2 FDR 89c •••••••••• -2/99` DELMONTE 14 FL. OZ. PINEAPPLE IN ITS OWN JUICE 55` DAIRY BOX ASSORTED CHOCOLATES ,40:. -53.89 DIXIEGREEN GIANT 14 L. OZ.NIBLETS F KERNEL CRN 2 FOR'89` S 8 PIECES 10 FLOZ, MUSHROOMS STEM. . BLACK DIAMOND SINGLES 1602. PROCESS CHEESE FOOD SLICE 85 GRAM JELLO POWDERS REALEMON JUICE 24 WELCH GRAPEFRUIT 24 FL. OZ. DELMONTE FANCY .. 48 FL. OZ. TOMATO JUICE 79` s 9.79 ET FOR 99` FL OZ S. 1. 27 _.. . 95` RED ROSE ORANGE PEKOE PAPER 60<. • • • • • • • • • • • • • • • • • • • • • • •• HAILVES $,1...59_LB, ,QUARTERS .-$1-..69 PICNIC HAM STYLE $1.19LB, PRIMEARIGRADB ROASTS' BEEF 'KING OF THESTS $2.5.9 WHOLE FRESH HAM $1.29 LB HALVESBs ANK51.39 LB. QUARTERS $11.49 LB. PORK AND BEEF LINKED FROZEN BRUCE PACKERS OLD FASHIONED RINDLESS BREAKFAST SAUSAGE1.29 LB SIDE BACON.,F.,. $1.09 LB HEAD CHEESE BRUCE PACKERS BY THE PIECE BRUCE PACKER5 COTTON 99 SUMMER SAUSAGE 2TO3 LB AVG.. 39 LB. SWIFTS PREMIUM BOLOGNA 994 SHgDNDWICH SPREADS 594 EACH 8Y THE PIECE CANADA PACKERS SWEET PICKLED COTTAGE ROLLS CANADA PACKERS KINDLESS $1.49LB. SIDE BACON FOR YOUR COCKTAIL PARTY FROZEN OVEN READY CANAPE TRAY (50 ON TRAY) - CRAB SNACKS - CHEESE BITES - BREADED SHRIMP - MINI EGG ROLLS - SPANISH MEAT BALLS - FRESH OYSTERS LB. HOLIDAY PRODUCE PRODUCE OF ONTARIO FANCY MacINTOSH APPLES 3 LB. BAC,, FLORIDA 794 TANGERINES SUNKIST NAVEL ..-_.. _.. ... . .... .._ $1.39 LB. E XMAS ORANGES. $1.49DOZ PRODUCE HEADALE.TUCE FRESH - DATES - FIGS STUFFED DATES CELERY STALKS PRODUCE OF U.S.A. NO. 1 GRADE PRODUCE OF ONTARIO LARGE SIZE FANCY RED DELICIOUS - PRODUCE OF ON7ANO.7 GRADE APPLES � $WAXEDD 1.29 RUTABAGA 5 POT POINSETTIAS $2.99 FRESH ROASTED PEANUTS NIAGARA WITH IN THESE $1.69 /�, FROZEN ORANGE JUICE,2',FL.Oz, 594 ....00EAN S 5 LB. BAG 99 0..002.. 25.R99` 2 FOR 994 GIANT 3 5128 FOR $ 1 . 00 HACKS SHRIMP $1.49 YORK FROZEN KERNEL CORN 1 L. BAG 994 CROSS & BLACKWELL PLUM PUDDINGS CUTT'S PARTY TRAYS 1. SERVES 20-25 PEOPLE CHEESE TRAYS - CONTAINS FRENCH, GERMAN, DUTCH 8 SWISS CHEESE 2. SERVES -15-20 PEOPLE BAVARIAN SPECIAL - CONTAINS SALAMI, HAM, BEER SAUSAGE WITH VARIETY OF CHEESE 3. SERVES 10-15 PEOPLE GODERICH SPECIAL - CONTAINS A VARIETY OF ASS'D COLD MEAT 4. SERVES 10-15 PEOPLE SUPER TRAY - CONTAINS A VARIETY OF COLD CUTS 8 CRACKERS 5. SERVES 10-15 PEOPLE - CONTAINS AN ASSORTMENT OF CHEESES 8, A VARIETY OF CRACKERS 6. SERVES 20-25 PEOPLE RED 8 WHITE SPECIAL - CONTAINS AN. ASSORTMENT OF COLD CUTS, PICKLES 8 CHEESES 7. SERVES 25-50 PEOPLE HOUSE PARTY SPECIAL - CONTAINS AN ASSORTMENT OF COLD CUTS AND CHEESES. CRACKERS AND PICKLES PARTY TIME • SUGGESTIONS ROASTED PORK TAILS -- PICKLED EGGS - FRESH DILL PICKLED ONIONS - PICKLE PORK HOCKS. SPANISH ONIONS - SUMMER SAUSAGE - KIPPERINES - SMOKED OYSTERS - RITZ - CHEESES' PLEASE ORDER YOUR PARTY TRAYS FROM YOUR MEAT MANAGER IN ADVANCE SO THAT WE MAY GUARANTEE FRESHNESS YOUR PARTY TRAY WILL BE MADE UP SPECIALLY FOR YOU AND WILL BE AVAILABLE FOR PICKUP AT SPECIFIED TIME BOX /MANDARIN ORANGES SALADA ORANGE PEKOE TEA BAGS PAPER 60's $1.59 DELMONTE PINEAPPLE JUICE 48FL. OZ. 89c • • .01ST G I N GJ,R .ALE 750 ML. • AAr � XMAS GIFT WRAP • 4 ROLLS 26' . 50' • $1.49• MITCHELL APPLE SAUCE 4• 19 FL OZ 59 STOCKING-STUFFERS BIC LIGHTERS PLAYING CARDS PEPPERMINT PATTIES SHRIMP CIGARETTES CIGARS OLIVES GIFT SUGGESTIONS 5 Ib. - 2 Ib. PINE RIVER CHEESE CHEESE BASKETS FRUIT BASKETS GOURMET FOOD BASKETS BOX CHOCOLATES BOX OF GRAPES BOX OF APPLES DECORATED HAM TURKEY DIABETIC FOOD BASKETS • e IMPORTED TEAS TINS OF IMPORTED COOKIES SIDE OF BEEF CASE OF SALMON CARTON OF CIGARETTES BAG OF SUGAR 10 OZ. BOX OF STRIP LOIN STEAKS ••• 1 • • • RED & WHITE FOODMASTER91 VICTORA ST. NORTHGODERICHJ.M. GUTT LIMITED �eJslik, Vit •••••• All prices In affect From Monday, Dot. 19 until closing Na. 10 p.m, Saturday, Dat. 15, 1970 or while quantities last -m WE RESERVE THE RIGHT TO LIMIT QUANTITIES OPEN: DAILY 8 A.M. to 10 P.M. • • • f r • • • • • • 06- • • • • • • • • • • • • • • • • • • • • • • 1 14;:i attioN.,,, , 7 ellit 40 ,y • • LIIIP/Oilet • mi,...ii•• 41410•••••••• cl 1