Zurich Citizens News, 1975-01-23, Page 4PAGE 4
ZURICH C
TIZENS NEWS
THURSDAY, JANUARY 23, 1975
74c C ifir, (7,
How to break the price spiral
Although almost all forecasts of business activity in 1975 are
bravely predicated on growth, many of them are now so heavily
qualified that they allow room for anything frbui a reasonably
good advance to a major downturn. The only prevailing cert-
ainty is that whatever the rest of the industrial world may suffer,
Canada will suffer less, says a front-page editorial in The Fin-
ancial Post.
For a look at how bets are being hedged and sentiment is det-
eriorating, note this from the usually optimistic Royal Bank of
Canada's econoinics people: In November, from the usually
optimistic Royal Bank of Canada's economics people: In Nov-
ember, the Royal said that although its new Trendicator-an
index of leading indicators -had declined for three quarters,
this did "not imply the Canadian economy is headed into a
'recession." The second edition of the Trendicator was released r
recently based on data little changed from that in the first, but
accompanied by sharply different words: "The behaviour of
Trendicator so far this year does not indicate Canada is headed
for a major depression."
Through all this uncertainty, it is clear that Ottawa is right
in trying to foster economic growth in 1975 by running a hefty
deficit. By rejecting any intentional slowing of the economy,
Canada is, moreover, not adding to the balance -of -payments
problems of other countries. When it comes to inflation, however,
Ottawa's approach can only be described as watery. Prospects for
reducing the rate of inflation are bleaker here than in the U.S.
where they are bad enough --if only because we will be moving
at a faster pace through 1975 than the U.S. And as the C.D.
Howe Research Institute's Judith Maxwell argues forcefully
in a review of Canadian economic policy, "the top priority m
must be a policy that will break into the wage -price spiral."
At the recent federal -provincial Finance ministers' meetings,
Finance Minister John Turner made a start by urging a consen-
sus on how the national economic pie should be shared. But it
was nebulous stuff, and cynicism about government intentions
is already evident, especially among labor spokesinen.
To recover its credibility, the federal government via
Turner should put into hard-hitting language how it expects
every Canadian to treat the tax reductions in store for 1975.
If the cuts and the indexing are worth one percent or two per-
cent or three percent of most people's wages or salaries,
Turner should say that this is to be takin into consideration in
forming wage demands --and be subtracted from the inflation
rate when attempting to maintain purchasing power. At the
sante time, Ottawa should scrap its intention to raise the pay
of MP's by 50 percent in one fell swoop. Instead, it should
set up a simple indexing of pay to infaltion, with an increase
now to catch up since the 1971 raise and then annual cost -of -
living increases.
Such inoves would be in keeping with Ottawa's search for a
consensus. Then it could get down to the hard work of convinc-
ing labour, business, and agriculture of the urgency of stopping
the spiral. (Clinton News Record)
GOOD GAS MILEAGE TIP
Ince
national cen
(by Raymond Cannel)
grains. In addition, beefalo
meat has the same protein count
as beef, as well as less fat on
it.
There have been drives to
cut down on the amount of
feed -grain used and the beef-
alo would certainly be a step
in the right direction. Eating
only grass, it should go to
market for up to 40/0 cheaper
than standard beef.
Now comes the 64 dollar
question. Will people eat it?
My friendly C.I.A. agent,
specializing in beefalo meat,
reports that it's a bit gamier
and drier than ordinary beef,
IIAVE A BEEFALOBURGER
I've been following several
attempts to increase the prod-
s etivity of various types of
food. One of the most interest-
ing is the breeding of new types
of cattle and, when I'in driving
along the highways, I some-
times see evidence of this in
farmers' fields. One of the
more fascinating attempts has
been to cross a North American
bison with a cow, the end
result being, of course, a beef-
alo.
It isn't as easy as you might
think, even when the experi-
ments are carried out under
controlled conditions. One of
the biggest probeltns to date
has been the sterility of the off-
spring from such inatings. How-
ever, a Californian rancher,
after spending nearly one mill-
ion dollars and doing a thousand
experimental crosses, states
that he has produced what can
be considered the perfect marr-
iage - 3/8 buffalo, 3/8 charol-
ais and 1/4 Hereford.
The rancher has built up a
herd of 5, 000 beefalo, includ-
ing 35 bulls. He is now in the
export business and some of his
animals have been shipped to
Canada. Before you reach for
your checkbook and decide to
buy one of thein, let ine warn
you that they don't come cheap,
One bull was sold to a Can-
adian firm for two and a half
million dollars. I'm wondering
if the firth got a little confused
and thought they were buying
a racehorse, since, to my
mind, that was the only type
of animal that commanded
such prices. However, I've
heard no complaining, so I
assume perhaps it was a beef-
alo
eefalo they were after.
Considering the rigorous
climate we have, if the beef-
alo is a hardier breed of aminal
than those cattle presently
stomping over our pastures,
all well and good. When the
price of bulls comes down to
a more reasonable level, I
would imagine that other beef
farmers would be in the mark-
et for one of these beefalo too.
It's easy to see why when you
look at some of their character-
istics.
The ones bred iri California
are reported to come to market,
weight, that is 1, 000 pounds
or heavier, after only a year on
grass alone, which is consider-
ably faster than for cattle,
even when they are fed on
AUTOMATIC CHOKE
Your automatic choke should be checked periodically as it regulates
the gasoline/air mixture used in starting and warming the engine.
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January 12, 1975.
Dear Editor;
Enclosing a cheque for one
year renewal to your paper.
Hope all you people are well.
Enjoy the Zurich paper very
inuch. Wouldn't...rant to miss
any issue. I also Iijoy looking
at all the ads. Thki your edit-
orials are also good. In fact the
whole paper is fine.
Keep up the good work. You
all do a fine job. The Lord
bless you each and eftryone.
Sincerely,
Mrs. Nellie Brennnan
yet, when it went on a trial
sale in California, the demand
for it was heavy. I guess we'll
just have to wait and see the
results of a few more tests.
I'm also interested in the
personalities of these beefalo.
I know, for example, that while
cattle inay be relatively placid
types, when a buffalo decides
to charge, it can be a pretty
awesome sight, not to inention
the danger to anyone who
might be in the way. Beefalo
farmers inay end up having to
learn how to run faster, as well
as put up extra strong fencing
around the area where the
beefalo roam.
At any rate, don't rush out
to your neighbourhood hamburg-
er joint and ask for a beefalo-
burger yet.
anghart, lCetty, Doig cotd Co.
Chartered Accountants
268 Main St., Exeter
ARTHUR W. READ
Resident Partner
Bus. 235-0120, Res, 238-8075
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