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Home Newspaper of A Division of Canadian Newspapers Company Limited mi Main Si Si Ontario Will mi Publisher IM I DOttSM Wednesday March 1980 Second Clan Mill Halton Hills Industry 80 is sorely needed Whither or not Halton Conservative MP Otto will be among the dignitaries expected to officii lly open Industry BO May 15 it is somehow fitting that businesses from his riding will participate in the area first major trade show Prior to his initial Halton victory in May Mr verbally swung a big stick on behalf of Canada small businessmen whose interests he then hoped to represent as the nations first minister of small business The Clark administration failed to follow up on the Halton members ambition to further extend the scope of business affairs from the provincial to the federal level and there appear to be neither advocates nor takers for such a post in the revived Liberal regime Now at least one of the few Tory strongholds in the area is to become the site of a promising self promotion scheme being organized by the Georgetown Rotary Club with help from Acton and Milton in Halton riding It seems that Ottawas only Involvement in the trade fair May through will involve ribboncutting There are fine lines separating the retail businesses Mr was fond of discussing as would be minister from the local service manufacturing and trade in to be represented at In Similarly there must be fine lines dividing the efforts of Ontario ministry of industry and tourism and those of its ministry of consumer and commercial affairs In the final analysis the en we share with local over this rather unique quite timely and vastly important self help trade fair is dampened somewhat by the apparent lack of provincial federal support for such promotional endeavors Halton region efforts to encourage industrial investments this area through its business development office nave been well documented as have the town whose officials regularly go on record expressing their concern over the situation With well serviced and better located Peel region acting as a magnet for new Industry in search of a home and civic leaders have long been hard pressed to offset the badly unbalanced ratio of residential to industrial assessments which see homeowners paying far more in annual taxes than they should be Municipal efforts to do so have produced some results but tainly not enough despite the optimism often cited by official spokesmen Without the back up support of the province in par ticular and the federal government to a lesser extent the municipal struggle will continue as each community is ultimately left to promote itself Industry to be held at Gordon Arena strikes us as the single most valuable promotional tool yet devised in this region the business development office notwithstanding Rotarians deserve the communitys ap and credit for at to get the ball rolling for what will hopefully become an annual event One unidentified participant who plans to man one of the exhibition booths at the trade fair predicts that visitors will be astounded at the variety and uniqueness of some of the products and production techniques on display The indication is that Halton Hills has much to offer in terms of productivity and technology Clearly the potential is there despite the failures of Ottawa and Park local businessmen emselves like the Rotary Clubs appear capable of making the outside world aware of that potential Floating interest rate gives Grits a reprieve Ottawa Report By Stewart MacLeod Support the Red Cross with financial donations Bureau of The Herald Without knowing anything About the economic spinoff from the Bank of Canada decision to let interest rates float it would appear to be a rather astute political move And it would be ing to know how the idea was conceived The move was announced by Bank of Canada Governor Gerald who said the floating rate would give the Bank additional flexibility In avoiding any greater Increase in short term interest rates than Is consistent with the contain of inflation If it was Mr idea it would be interesting know whether he had offered similar advice while the Conservatives were in office and were being politically for allowing Interest rates to rise to 14 per cent Or did the idea spring from the politically fertile mind of Finance Minister Allan MacEachcn who would remember how a previous I administration let interest rates float hack in 1950 after an series of increases At that lime the rate floated for six years and subsequent studies indicated that it rose just as rapidly under this system as under the traditional fixed method II will no doubt happen this time too But it isaclevcrmovetotake the heat off the government GOVERNMENT BLAMED Normally Interest rates arc set by the central bank which has traditionally kept them higher than rates in the United States to encourage foreign investment into this country This helps prop up government naturally takes the blame for all the Increases When the prime lending rate in the last week rose to 17 per cent which was 2 per cent above the Canadian prime rate it was assumed that we were in for another big Increase While oil exploration activity kept Investments flowing Into Canada thus supporting the Canadian dollar economists felt It was only a mailer of time before this surge abated and interest rates would rise again This would naturally be embarrassing for the new Liberal government whose membera were so vocal In attacking the soaring interest rates under the former Tory regime The Tory MPs incidentally had also been quick to criticize the high Interest rates under the previous Grit government That the way things are in politics By letting the rates float the Bank of Canada and the government are getting out of the direct line of fire while still maintaining effecting control of increases and more unlikely decreases As is the with the floating dollar the finance minister will be able to deflect the political heat by claiming the rates are be set by the market forces CLEVER MOVE Former Tory Treasury Board President Sinclair Stevens calls the move a clever maneouvre without revealing whether the idea had ever crossed his mind But like most economists Mr Stevens says interest rates will rise Just as rapidly under the new system What the bank has done Is to set Its prime interest rate at a percentage point above the interest yield offered each week on the 91day Treasury Bills These bills arc promissory notes issued to raise short term money Since the interest rates vary weekly the prime rates will rise and fall accordingly In effect last Week the central banks prime lending rote would have been slightly lower 13 per cent instead of 14 per cent But few economists expect this to continue The fact is the Bank of Canada can control the Interest yield on Treasury Bills simply by the number It buys in any particular week And since no one is questioning our traditional approach of staying In lockstep with S roles it seems safe to assume that we re in for some hefty Increases I can already hear Mr MacEachen who Is a wily politician counterattacking the Tones in Parliament for allegedly leaving the Liberals with a financial mess which must be cleaned up through the freemarket system As Mr Stevens acknowledged It Is a clever range of services relating to health and education But because there are so many services and they re delivered so quietly we shouldn take Red Cross for granted So remember support your Red Cross The Red Cross asks for your financial help only once a year but its there when you need it every day of the year When your child finally mastered the skill of floating in the water Red Cross was there When your shut neighbor re ceived a hotel meal and a friendly visit Red Cross was there too And when that blood transfusion was the only thing between your colleague and death Red Cross came through with the right blood type Red Cross volunteers work quiet ly in this community providing a wide Monogamous swans are relatively secure thi swans Long south of I rl lituiin a welcoming committee of nituril wlldlift experts up li son March I lips in find and identify sw ins and The fast marshes of Lake St Clair still attract tin of sw ins ing the surrounding often small feeding in the fields I junta whistling swans mates for life which may span on The will known British Sir Peter has studied of pairs the related ik swans without revealing a single i of If a swan Is killed it torn another pair This remarkable stability in relationships ma be related to the short breeding season in the north ill a swan energies have to be il reeled towards nesting rather than our males fortunately these birds r protected law and the opportunity or future to thrill at 11 1 rclatinly Davis abdicates responsibility for inflation in recent talk Queens Park oil IK HON In the southern the of spring is of tut nost iwl thi 1 r I til retreats tie si unite swam i nore thin pounds I i well by Id tin I r trnilit on it nesting grounds I tie lit Whistling swans are times confused with the semi domesticated mule swans which arc commonly introduced Into parks Whistling sunns ore smaller with necks that almost straight rather than an I without the conspicuous black km at of the hill of a mute swan We normally whistling swans only In the early spring migration is always a hit and miss kind activity since their mote can with precision tut two areas of strrn Ontario are especially attractive to grating swans thousvimisof visit By Derek Nelson of The herald One can only be depressed by the approach taken by Premier William Davis in his recent anU inflation speech to the Rotary Club here One has the image of him wearing a parachute labelled government as he balls out of a soaring skyward rocket called inflation For what Davis does in his speech is divorce government fiscal and monetary policy from responsibility for inflation Davis has seen the real enemy and surprise surprise it Is us We must try to restrain ourselves in terms of Income and price Increases he suggested perhaps by having us going Jo far as to accept pay raises less than the rate of Inflation Davis is In effect saying the wage- pnee spiral is a cause rather than a result of inflation And It Is unden that Davis as a politician wants a solution to inflation mat hurts no one or at least hides and diffuses the END RESULT The logical conclusion to bis call for restraint is wage and price controls but he carefully avoided going that far speaking only of targets that should be And we all know bow wonderfully effective voluntary guidelines have always been In controlling wages and prices SUU the truly worrisome aspect of Davis speech was its abdication of government responsibility for Inflation which he called a simplistic and obsolete doctrine This or course is straw man politics since no one suggests that government alone Is responsible for inflation a portion obviously being Imported in the shape of higher oil food and materials He goes further and Joins the growing chorus of critics who oppose a widely misunderstood economic theory called monetarism POLITE EXCUSE A continued winding down of monetary growth will continue to depress real output and Job creation while letting Inflation continue at Its current rate of nearly to per cent Gradual monetarism is a polite excuse for high interest rates he said But in fact monetarism is about the supply of money not the cost and there is no indication that Ottawa is printing dollars any slower than It ever has in the past Monetarism holds that the rate at which the supply of money cash plus credit expands is roughly equivalent to the rale of inla A reduction in the growth of the money supply will thereby slow inflation Governments that believe in monetarism such as Germany and Chil have been more successful at containing Inflation than those that don and in the case of Chile at least without hampering economic growth NO CHANG Still the monetarists may not have the correct solutions And it is even likely that Davis wage price spiral fears inflationary expectations do play a role in Canada growing inflation But before monetarism hung it should receive a fair trial and that It has not had in this country Pious calls for restraint by employers and employees but not interestingly government is no solution if for no other reason that people have heard It all before from politicians No one believes stopping inflation can be painless which means no one believes governments will ever have the courage do anything about it Too many vested interests would get gored Phone 877 Haltons History From our files the request of Georgetown Recreation Commission a special meeting was held on Monday between officials of that organization and the finance committee of council The which received a grant from the had asked for C0 last week the grant was kept at MOO Spring By the calendar and by the robins song sparrows and other birds reluming but by the look of the ground with all the snow about definitely no However this week average temperatures are four degrees above the maximum and six degrees the minimum for month s normal Over spectators were at the arena on Thursday for hockey night which marked the close of the season for the five minor operated by the It was a full evening of sport as five games were pi decide winners AGO Adequate police protection and justice lion will only be maintained in when a wide police force is established Magistrate Kenneth M d in an interview with the Journal last week Magistrate advocated a wide force that would be serviced from a central radio communications system police detention cells and a property dam which would create a recrca Hon lake in the Hungry Hollow part of Georgetown docs no seem be in the immediate future unless the town finds a fairy godmother Reporting to council recently on the various activities of the Credit Valley Conservation Authority Alex Maclarcn said the million dam would a major financial responsibility of the town which would benefit most from Georgetown and District hospital campaign has reached the threequarter mark In Its appeal for from private donations for the planned million dollar structure Latest figures show that over has been subscribed in cash and resident pledges The residential canvass is particularly noteworthy With an objective of a report on Monday night showed with some reportsStlll to come in The Go Karts may not go in Esquesing Township after all The would be commercial race track owner has decided to go elsewhere and the North Halton Club Is running into difficulties A petition signed by almost every resident of the area was read to Esqueslng Council on Monday night Most of the Line residents objected strenuously to the permitting of GoKart racing Erection of a 12 alley bowling club on Mountain view Road is being planned Purchase arrangements for a property adjoining the new Carre tal Building arc expected to be completed today by Messrs Radyk and Williams who are buying 135 feet of frontage and expect to start construction immediately with prospect of a September opening TAX REDUCTION TFN home owners may find 1970 is the year of tbe tax reduction Halton County Board of education announced last Thursday that the average education mill rate for county municipalities will be down despite a current operating budget of 961 up over I9G9 Georgetown education rate will drop by mills County Council on Tuesday unanimously called on the Minister of Municipal Affairs MeKeough a establish a regional government In Halton alone on a restructured fivemunicipality basis The alone idea was endorsed but a resolution from deputy reeves Ted Tyler of Acton and Agnew of setting out the boundaries of Acton and as one unit ran Into defeat Barb of will be one of the two belles in a Bellanca racing for lop honors in this years Angel Derby an air race open only to flying females The Angel Derby will run from Toronto to Nassau this year A drivcln theatre In the area was the latest of many recreational proposals for Esqueslng Township heart by council Monday night A letter from Theatre foldings Ltd informed council they have taken an option on 100 acres on Lot Concession and intend to build a drive in theatre The option is subject to all the necessary approvals being given DOESN PAY Two Georgetown men last week learned the hard way that it dcesn pay to swear at a police cadet They were both fined when appeared before Judge Robert Graham in county court The pair pleaded not guilty to the charge of creating a disturbance by swearing at Georgetown Police Cadet Brian The incident arose when Cadet observed one of two walk through a red light downtown and advised him he wouldbechargedwiththcoffencc was subjected to obscenities by the pair while women and children were standing on the street taking It in AGO Having estimated the total cost of demolishing Acton old town hall as well as related work on the sites at approximately HI ihe towns general committee li awaiting a final recommendation from the restoration committee as to the building future Representatives of the Save the Town Hall Committee which has to far solicited more than In support pledges from Acton residents are expect to present their final report on a feasibility study to the general committee some lime next month TRAFFIC TICKET Regional Police are Issuing a form of traffic ticket bicyclists and pedestrians under the age of IB who are observed committing a traffic violation The tickets are issued to draw parents attention to the fact that their children are not following safety practice when riding their bicycles or watting along the Street