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Small business directions By JULIAN REED Burlington As you are aware the Lib eral Party has on a number of occasions expressed concern about the viability or the small business sector of Ontario s economy We published a icy the subject New Directions for Small Business in April of last year and John Eakins the Liberal for Victoria tabled Private Member Bill which proposed a- Small Business Act On January of this year the Canadian Federation of Independent Business submit led its Annual Budget tat ion to the Government of Ontario excerpts from which you will probably find very Interesting although it begins a somewhat depressing forecast for the New Year 1978 promises to be another year of disappointments for Ontario businesses workers and consumers Slow real growth continuing inflation and higher unemployment are some of the unpleasant pros facing the province The Presentation maintains that Ontario economic for tunes always determined by international trade conditions will be particularly in the face of ambitious programs under taken by Third World nations Our national reliance on mulli national branch plants this vulnerability because nationals in order to maintain production and cm ployment levels in their home counties can be expected Id slash production and employ ment in their Canadian branch plants Subsequently the lion while recognizing thai high unemployment repre a serious waste of rcsou rces and a cause of much personal hardship and tragedy states The temptation to cure unemployment through the time honoured means of mass ive spending and equally sub general lax is strong However the exist of unemployment must not be allowed to force us into policies which would have an adverse effect on the rate of Inflation and our balance of paymenls position The Federation recom mends a reduction in the ret ill sales tax as a means of greater consumer spending general ing employment and reducing the cost of living It recommends a temporary two percentage point reduction from per cent to per cent Also recommended by the Federation is an Employment Tax Credit Program to pro vide a partial rebate to for additional wages in by increasing employ and Implementation of a system of Free Trade Zones Such a Is already in effect in depressed regions in the USA Firms located in those areas arc not required to pay import duties on that will be used in ex port on en ted products her tax concessions are made to companies locating these areas and in addition the firms receive low interest cap ital investment loans and sub sidized serviced land Imple mentation of such a system would encourage new industry to locale in depressed The Federation strongly re commends the implemenlo Hon of Small Business ion to protect and assist in the development of small and me dium enterprises which are independently owned and operated and not dominant in their field A US Act similar to that proposed by John Eakins which passed first and second reading In the Legislature has been In effect in the States for more than a quarter of a century lis results arc the Federation stales fold including significant expend lure savings for the American people numerous federally funded studies have shown that the stronger position of small businesses in govern services has helped reduce he cost of govern a more balanced which Is less vulnerable to shifts in economic currents and exclusion of many foreign controlled firms which would be participating in federally awarded contracts As an Ontario Small Business Act would be a strong lus for Canadian owned small and medium si zed enterprises and a Irritant In interna t tonal trade in the opinion of Ihe Federation because the S could hardly object if we erected a self protective mca sure which duplicates one of their own The Federation the Government to reintroduce the Small Business Act at the earliest possible opportunity asserting that delay Is leave Ontario uncomfortably vulnerable lo Ihe whims of international fortunes Speaking of long term I ems the Federation observes that Ontario like the rest of Canada I caught up in a series of fundamental changes in economic conditions citing the change from an era of abundant lowcost energy and Its effects on our way of life IIIKAin Wednesday Page 11 We pick the best So you can DEL MONTE VEGETABLES KLEENEX FACIAL TISSUE 3100 Action Priced JANE PARKER BROWN BREAD Pick of the crop fruits vegetables are yours at GARDEN SPOT No GRADE ONTAR BAG POTATOES 115 TOMATOES NO GRADE MEXICAN VINE RIPENED EXCELLENT NO GRADE CALIFORNIA SWEET LARGE BERRIES NO 1 GRADE FLORIDA PACKED FRESH DAILY Grapes Emperor Celery Hearts 69 NO 1 GRADE ONTARIO PACKED FRESH DAILY NO SMALL ONTARIO YELLOW COOKING Carrots Onions 289 Pink White Yellow BATHROOM TISSUE 79 banded or Only with Coupon in This Ad BOKAR INSTANT COFFEE 499 12 ViHotlM Action Priced tin S499 SAUCE ACTIONFRICtDI BlueBonnetMarganiin369 Heinz Macaroni 3 BEATRICE ASSORTED FLAVOURS TUB Sift or Yogurt Bottom 3 89 Kidney Beans 289j 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