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The Goderich Signal-Star, 1979-04-26, Page 30PAGE 10A--GODERICH SIGNAL -STAR, THURSDAY, APRIL 26, 1979 Jack's Jottings 13Y JACK RIDDELL M.P.P. During the Liberal Party's formal response to the new Provincial Budget, our Financial Critic, David Peterson, MPP (London Centre) referred to the govern- ment's latest com- mitment to balancing the budget by 1984 as a "sham". He pointed out that if the government's own projections are correct and if the current rate of decline of ttfe deficit (2.2 percent) continues, it would, take some 43 years before revenues matched expenditures. In addition, this year's forecast doesn't even include an estimate of revenue loss from uptake of the proposed Small' Business Development Program. In addition, "given our justifiable lack of faith in this government's forecasts, the question now becomes not when will the budget be balanced, but when will the trend to ever -larger deficits be reversed. "Moreover, if we don't soon start creating new wealth in Ontario we shall necessarily be committing ourselves to ever higher levels of taxation in the years ahead. There is no way aratind that inevitability. "Ontario's deficits _have, in some part, in the past been financed by loans taken out in Ger- man Deutschemark. These loans were taken out at a much lower exchange rate and when one of the loans became due and payable in 1975, it produced an .actual loss for the province of $9.55 million. The province still • has outstanding two loans . in DM and we face even more severe losses due to the continuing rise in the value . of the DM. For instance, this year a portion of'on e'of-the loans • became due on February 1. This was equat to $4 million. Canadian when we took out'the loan and it required--over.-$9Th i11i Fi Canadian to make that payment this year, showing an exchange loss of about $5 million with more losses to come in the future. "The fastest growing Jack Riddell budgetary item is the interest on the provincial ' debt: the Davis years have added $11.1 billion to this debt, which is now costing us $3.8 million a day in interest - and this is probably a low estimate. This amounts to $1.388' billion a year, 9.2 percent of the current budget and an increase of 12.6 percent over last' year. A decade ago, the funded debt stood at $4.2 billion. It is now projected to be $15.3 billion by the end of the fiscal year, an increase of 263 percent. This represents an increase from $551 per capita in 1970-71 to a projection of $1,791 per capita for this fiscal year." Mr. Peterson criticized the proposed Employment Develop- ment Fund, describing it as "little more than a $200 million slush fund, with no provision for legislative scrutiny or accountability. If the Treasurer considered it anything other -than a political pork -barrel, he would be willing to in- troduce legislation set- ; ting out the criteria by which loans and grants Turn to page 11A • FINEST CANADA °A' GRADE ROUND STEAKS BONE IN FROM THE LOIN OUR REG. S2.98 Ib. • • •.. • • • • . Ib. CANADA 'A' GRADE BONELESS S1RLOIN TIP STEAK OR ROAST FROM THE HIP • • • • • • • • _ �_ lb. FROM THE HIP -TOP CUT ROUND. STEAKS$Z.54, LUNCHEON MEAT LOAF PAIN OE VIAND( POUR LUNCH SCHNEIDERS SLICED COOKED MEATS CHICKEN LOAF, LUNCHEON MEAT, MACARONI & CHEESE, PICKLE & PIMENTO, PORK LOAF, DUTCH LOAF, OLIVEOAF, HEADCHEESE, OR MOCK CHICKEN 6 oz. c SCNEIDERS ALL BEEF OR OUR REG: $1.79 SAVE 51c REDHOT ° $1 2$ WIENERS o. ■ REGULAR, COUNTRY OR KISS OF ORANGE SCHNEIDERS SIDE BACON s 1 Ib. PKG. OUR REG. $1.98 ti SAVE 30c s THIS SPECIAL AVAILABLE ONLY IN STORES HAVING •A DELICATESSEN SERVICE COUNTER. BLUE RIBBON SLICED SCHNEIDERS $1An BOLOGNA 1 CUT FROM CANADA 'A' GRADE BEEF FINEST CANADA °A' GRADE SIRLOIN STEAKS LEAN WELL TRIMMED9 FROM THE LOIN • • • • ib CANADA 'A' GRADE BONELESS RUMP ROASTS . $2.44. OR BONELESS ROUND ROAST BOTTOM CUT • '• • • • • • BONELESS ROUND TENDERIZED CUBE STEAKS Ib. 30%.. OR LESS FAT OR REGULAR .899 GROUND BEEF $1.18 SCHNEIDERS - 3 VARIETIES FROZEN MINI SIZZLERS SCHNEIDERS COOKED PORTION HAM STEAK PRIDE OF CANADA FROZEN BEEF STEAKETTES 1 Ib, PKG. s1 .68 6 oz. PKG._ 1.49 2 Ib. CTN 31149 PRIDE OF CANADA SWEET PICKLED COTTAGE ROLL ib $1.69 NEW FROM MAPLE LEAF PEPPERCORN SALAMI. By 'The Piece• Ib• 1 .69 MAPLE LEAF SMOKED "MINI" PORK SHOULDER • 52.19 LIMITED TIME SAVINGS AN EXTRA SAVINGS MADE POSSIBLE BY AN UNUSUAL PURCHASE OR A MANUFACTURER'S TEMPORARY REDUCTION SCHNEIDERS LARGE OUR REG. 1.95 SAVE 16c Ib. RING BOLOGNA - X1.19 SCHNEIDERS OUR REG. 1.53 SAVE 14c SMOKIES SAUSAGES1041.39 SWIFTS OUR REG. 1.88 SAVE 14c SIZZLEAN 12 oz. PKG $1.14 CAMPFIRE OUR REG. 1.39 SAVE 20' Ib. BOLOGNA CHUNKS _ _ Ib 1.19 fine markets... of fine foods zehrs SPECIALS IN EFFECT UNTIL CLOSING TUES. MAY 1 FINEST CANADA 'A' GRADE TBOI.E STEAKS WITH ZEHRS SPECIAL TRIM FROM THE LOIN • • • • • • • • . FINEST CANADA 'A° GRADE PORTERHOUSE .. 1.88 JUICY STEAKS FULLY AGED FROM THE LOIN Ib? FINEST CANADA °A' GRADE WING STEAKS TENDER LEAN FROM THE LOIN OUR REG. $3.38 Ib • • • • • � • 0$020881j1 EHRS PRODUCE SAVINGS CHECK THE QUALITY AND VARIETY PRODUCE OF U.S.A. CANADA NO. 1 LARGE RIPE STRAWBERRIES THE FINEST QUALITY CHIQUITA BANANAS PINT Sac 4 Ib1 69c .3 M 59c 49c EA. 59c 79c Ib. 39c 89c 59c 3R 1 PRODUCE OF U.S.A. CANADA N0: 1 FRESH SPINACH 10 oz. PRODUCE OF U.S.A. LARGE SLICING CUCUMBERS PRODUCE OF U.S.A. CANADA NO. 1 ZUCHINI SQUASH PRODUCE OF CHILI CANADA NO. 1 SPANISH ONIONS Ib. Ib. PRODUCE OF CALIFORNIA CANADA NO. 1, ROMAINE LETTUCE PRODUCE OF CALIFORNIA FRESH BROCCOLI READY FOR PLANTING DUTCH SET ONIONS BUNCH PRODUCE OF U.S.A. CANADA NO. 1 GREEN PEPPERS Ib PRODUCE OF U.S.A. CANADA NO. 1 NEW CARROTS 2 Ib. ONTARIO GROWN N0. 1 GRADE COOKING ONIONS ONTARIO GROWN PARSNIPS ONTARIO GROWN WAXED RUTABAGAS ASSORTED TROPICAL PLANTS 2Ib. BAG 2Ib. 9C lb. 1 9C 3 1/2" POT69c LARGE SIZE POTTING SOIL 10 QUART 1.69 s WE RESERVE THE RIGHT TO LIMIT PURCHASES TO REASONABLE WEEKLY FAMILY REQUIREMENTS.