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PAGE, 4, WEDN4ESDAY, OCTOBER 1l, 1978, WITB FREE PRESS çwI- w itby SERV INO OVER 28#000 EDR VouCe of. the Cou nty Town Michael IanBurgess, Publisher-Managing Editor TheonlY Whitby newspaper independen tîy owned and operated by Whitby residents for Whitby residents. -WÎJ1 Des Nçwrnan &.tk join election race? Is former Whltby Mayor Des Newman about to re-enter local * ' pollics in the upcorning municipal election? i-rom the word we have neard around town, we bel ieve he is, ' and it is likely he will be a candidate for regional council. < u We understand that a telephone survey was made in Whitby wJ earlier this faîl to determine support for possible candidates in the election, and Mr. Newman's name was mentioned in the survey cals. We hear also f rom people in town who have been involved in local politics for many years that Mr. Newman will likely be participating in this election. We called Mr. Newman last week to find'out his intentions, buat he declineci ta make any public statement on the matter. H-owever, he neither canfirmed nor denled the speculation. We feel reasonably assured that Mr. Newman will be seeklng a reglonal counicil seat In the Nov. 13 electian, and only awalt his confirmation of what a number of Whitby residents J know already. Sakrshould be disclosed Dear Sir: Ontario Riding voters were given a good examnpleë of the Liberai government#s arrogance and waste two weeks ago when our sitting Liberal MP hired former Aîax regianal -councillor Colin Mackie. Mackie will1 be working in our MP's ridlng office but, despite his salary being paid for by our tax dollars, aur MP refuses to dîsclose Mackle's salary. If Mr. Cafik were a responsible MP he would work harder to reduce the number of gavernrnent employees. ln this way he woutd prove to his cansti- tuents that he is aattempting ta curb the run-away govern- ment growth and inflation that is hurting every single Canadia. linstead, our MP not only hires a- 'Special Projects Ofricer' a short t ime before an election, but' he also refuses ta disclose the salary ta be paid- a salary which cornes directly from the voters' packets. I can't stop Mr. Caf i k f rom hlring a 'Special Prolects Off icer' but I can demnand that he advlse his consti-' tuents what he's daing with Our money. If Mr. Cafik wants ta be responsible he iyll-explain ta us why he's hesitant ta say how mnuch his new. em ployee is costlng. We're waiting Mr. Caf ik. Scott Fennell, Ontario Riding P.C. Candidate 'Shop' to reduce insuran'cerae Consumers are advised to shop carefully for their insurance needs in order to take advantage of the bargains available due ta the anti-inflation guidelines and market forces. For at least the next' twelve months, consumers wili find that ',shopping around" for au- tomobile and homeowner's or AIB Statisties update Since the beginning of the anti-inflation program, the AIB has received 85,226 compensa- tion returns and has ruled on 20.098 of' these cases. 0f the total compensation returns re- ceived to date, it has been found that 69.5 per cent proposed increases within the arithmetic guidelines while 30.5 per cent came in abuve the guidelines. Compensation returns ana- lysed to date represent 37,033 groups. invoîving some 3.96 million employees. Prices and Profits Since thse beginning ofth ie program, thse AIB has recieved and processed about 35,500 re- ports detailing thse financial oper- ations ofth ie 3.400 companies and groups uof companie4, which are subject to contro)ls. These firms caru approximately $175 billion in annual revenue, or about two-thirds of' corporate gross revenues. Thse Board h&% found that theçe repoiling companies are, in gen- cru1. iconucting their business wIitis te spirt of thse anti- inflation guidelines and are in- creasingly less ikely to generate excess revenue than in the early days of the program. During the first compliance period, 83.1 per cent of the companies did not generate excess revenue. This percentage increased tu 88.5 in the second period and to 96.6 in the third. This ycar-by-year increasé in the level of compliance. is an indication of botis a weakened ICanadian1 EcoinomyI Canada's industry selling prîce index for manufactured goods rose to 187.9 in July. up 0.3 per cent from lune and up 7.3 per cent from July. 1977. Statistics Canada reported recently. Canadas real gross national product increased as a seasonally adjusted rate of 4.4 per cent in tise second quarter. Statistics Canada reports. Average weekly eaming in Canadian industry totalled a seasonally-adjusied S266-72 in lune, up 1 per cent fromns ay *demand in the marketplace and tise increased familiarity on the ipart of reporting companies operating within the constraints of the program. Under the price pre- notification pro.gram * 342 major firms with some $6.8 billion in annual sales are required to give tise AIB 30 days advance notice of significant prce changes. Thse average price increase requested during the first six months of 1978 was 3.3 per cent, down from the 1977 average of 3.8 per cent and the 1976 average of 6.8 per cent. Approximately une per cent of this change resulted t'rom différent repurting requiremnents. TIhe phasing out of controis. which began on- April 14, 1978. will sec aIl companies emerge from the programn by Decembe>-r 31. 1978, according to the date o)f tiscîr fiscal year-end. Since 68 per cent ot' reporting companies have year-ends which fail on Decemiber 3 1. they wiIl remain under controls until thse Iast day. Final year-end reports are there- fore not expected Io begin arriv- ing aithde Anti-Inflation Board until several WecICs liter, tenant's insurance is the best way to make sure they are paying the lowest premiumns. Various fac- tors, including the return of close to $ 100 million ini excess revenue bargains available to those wil ling to get quotes from a numbe of insurance companies and in dependent agents. Insurance premiums. react tc the number and dollar value ol ci ai rus that insurance companies must pay. When the value of dlaims goes up, insurers raise rates to compensate. When the value of dlaims goes down, insurance companies use the extra money to freeze or even lower premiums. hoping to at- tract more customers and there- fore gain a greater share of the market. In 1973, 1974 and 1975, insurers suffered unprecedented claims losses, totalling $530 million for the three years. The reason for these huge lusses was s sharp and continuing increase% n dlaims costs. Inflation raised rates Particularly hard hit were the auto) and property mras. the two major uines of coverage, where laimrs costs were affected by innual inflation rates of' 20 per :nt and more for auto parts, )uilding suppics and labo)ur. In )rder h) profct their solvency id. hopefully, ircsborc om emblancc <of profitabîliîy. A ompanies increaseti their rates, fen by very substantiai nounts. For example. in 1975 ersonal auto rate% incrcacý.j 5-30 per cent on average.- In 1976, nlandatory use ut' seat Its M lower specd limits aaulted ini a reduced nuniber of' dlaims. This, combined with the effect of the price increases of 1975, meant dramatically im- proved resuts for almost al] companies. This improvement in profits continued through 1.977, and under anti-inflation guidelines, somfe $100 million was deemed excess revenue and had to be returned Io policy holders. Under the terms of complinepln iled by com- panies with the Anti-Inflation Board, this money was and is being returned by way of rebate cheques, discounts on renewal, premium reductions and cost absorption - foregoing other- wise justifiable increases in rates. The net result is that premium rates are currenty running at approximately 1975 levels, in spit e nrsdctsopas ratmio a Ongtaro eU Take out tise big cooking Pot. It's time to cok vegetables again. Good Iooking, great tasting vegetables sucis as brocculi, unions, cabbage, beets, eggplant, rutabaga and potatues. Ontario farmers are now busy harvesting tise vegetables they pampered aIl summier long. The vegetables are fresî, ut' high quaîity, and theres lots ut' themn. So enjoy, enjoy. And remember, since these vegetables ]have been pamperd, &ive thein somle of the pamrpering they have becomne accustoied to, and labour. Preventive measures Whether rates can continue to hold steady through the next twelve months depends to a large extent on climatic condiions over the coming winter montbs and the ability of the driving public to avoid major accidents. The incidence of fire is the big factor in property insurance and miany companies are reducing their rates to policyholders whose properties are equipped with smoke detectors. AIl property and casualty in- surance companies must operate within the anti-inflation guidelines through December 31 of this year, and excess revenue eamned this year will have to be returned to the market-place in by- keeping them properîy prior ta cooking. This storage information cornes ta us froin food specialists at the Ontario Food Council, Ministry of Agriculture and Food. Biroccol: store ir a plastic bag, in the refrigerator. Onlons: store uncovere<J, in a cool, dry, airy place. Calihage: cut a thîn sluce frorn the stalk. Wrap ins plastic. Store in thse refrigerator or in a cool, moist place. Beets rernove tops. Leave 2-3 incises ai thse stems, and ail Moots attached. frigerate or store in a Cool, moist place. Pot@.g Store in a cool, dark, afiy place or iL roor» p