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Page HILLS OUTLOOK Friday Halton Hills Is published each Friday by The Herald home of llatton a division o Canadian Newspapers Company limited at Ontario I Mall Outlook PUBLISHER Don Brando ADVERTISING MANAGER Carl EDITOR Dave Shiran Marshall Bow en CLASSIFIED Terry Colter Mike Turner Am Brian MacLeod PRODUCTION SUPERINTENDENT Dave Hastings ASSISTANTS Annie MuryLouForenian ACCOUNTING Dome Petroleum is peculiarly Canadian don l have to be on economic national 1st to favor in the bidding war for Dome Petroleum There is something peculiarly Canadian about Dome It would be a shame to It fall to the giant Amoco of Chicago Grandiose ventures that make lit economic sense ore deeply rooted In Canada historian Michael Bliss points out in his recent book Nor them Enterprise These projects tend to be hugely expensive Inevitably the Govern merit steps in to help grants and lax writeoffs Your Business Analyst When the ill conceived plans run aground it props them up with more taxpayers money Professor Bliss has no shortage of examples Canadian National Hallway Air and Dome is the inly company in re cent times to get true lix break known as a tax remission simply forgave the company WOO million in taxes In addition Oil nun forgone another woo million or so to raise Canadian ownership of the oil patch When the stole oil company bought Pctrefina took advantage of a ax loophole that cost the treasury million When and York bought Gulf Canada It used similar loophole that cost the treasury million In lost revenue Part of the benefits went to Gulf s and ina foreign parents Ottawa has forgiven and forgone SI billion to the oil patch and keep Dome in business To hand It over to Amoco would undo all that Dome must be worth owning or Amoco be willing to pay more than 5 billion for It benefits flow to Domes owners in the future it would be nice if they were the same people who footed the lax bill Thai where TransCanada comes In The big pipeline company can certainly afford take on Dome It is backed by liell Canada Enter prises its parent Bell is the most widely owned company In Canada If Dome fortunes ever turn around lis profits would flow through TransCanada to Bell and to Bell shareholders in the form of dividends Holders of Ma Bell stock may not like the idea of owning their own IK tie piece of Dome Petroleum Dome never be a money maker But If TransCanada wins and oil prices rise millions of Canadians who own Bell shares directly or tSrough their pension funds may eventually get back some of their lost lax money To succeed TransCanada will have to outbid Amoco The Foreign Investment Review Agency is not likely lolntervcne on Its behalf That because Prime Minister Brian Mulroncy wonts to show the Americans how eager we arc for foreign Investment Investment can take many different forms Foreign companies can build plants and factories Jobs They can choose to be passive buy Ing stocks and bonds Or they can take over existing companies displacing Canadian owners can do the name job as Amoco so there would be no net benefit to the economy If the American company wins This is the kind of investment Canada It will lake companies with deep pockets to develop the Beaufort Sea Both TransCanada and Amoco fit inc bill But letting our essential resources be dominated by foreign firms means priorities will be set in the United States or Europe or Japan It hard to run a country that is owned by someone else It s even harder to make foreign firms count for What they do or don I do in Canada It would be better if Dome stayed in Canadian hands After all we created It Two s a Crowd 1 IfeiSleZ MPs What class did they say our tickets were Recalling great times in my summer of love Well lis probably to discuss with you how the great events of the Summer Love In life After all It s anniversary of thai cultural landmark You can pick up a newspaper or turn on the TV these days without reading or hearing about he legacy of Ashbury or of the stunning Impact that Sgt Pepper Lonely Hearts Club Band Twos a Crowd Do you have to encourage if And alter all this was my era 1 am a bona fide baby boomer Moreover I have staunchly refused to Ihls very day to cut my hair enshrining on my head he values of the Sixties Unfortunately there Ihls otic small problem as I sit dawn to record my experiences during the great Summer of The fact is that I really cant remember lliem very well In selfdelcnce I might point out that you probably can remember what you were doing when you were 10 either it Is a sad thing to have been born at precisely Hie wrong lime A few years earlier and I could have been a genuine part of the Sixties A cw years later and I could have been a child of the Seventies Now Its unclear exactly why anyone would WANT to be a child of the Seventies All the same Ihey still qualify for under discounts on averse is fill tits AS II is Hie remains During the summer that slnppi my entire my prime concern was whether 1 would like my Grade teacher Granted there are others who share this dilemma A or so ago you may recall Canadian rock superstar Bryan came out with Summer of a song about the passage from idealistic youth Into minhijod One like to pick nils But It might be pointed out this song alls Just In the autobiographical verisimilitude department Adams Is During the summer of he wis still Being sent In his room for refusing to cat his broccoli Ah well You just hive to make best of it And Just In Ihey might be significant I try to dredge up whatever memories I During the Summer is know Idealistic youths were rejecting crass values This was summer spent lusting alter a three speed bicycle Note to children of the Seventies who may be unfamiliar with the term a three speed bicycle was an artifact Introduced shortly after the invention of the wheel ind several millennia before the Invention of the 10 speed It would moreover be stretching the point to that my own circle of friends the Ideal Iree love which was Ashbury Upon Hut one of us was smitten by a member the opposite sex we did not exclaim Far out We chanted has a nyah On the musical rant It must be tint we were completely una wire of the impact of the Pepper ilbum Oh 1 knew that the ileitles existed of course Hut m mother assured me lint were just a piss nj fid On June Finance Minister Michael Wilson announced that five recentlydeveloped devices designed lo assist Individuals with physical disabilities and other medical are being added to the list of Items eligible for the medical ex pense deduction under the Income Tax Act Regulations will be amend ed to authorize the Inclusions effec tive far the taxation year The Minister said These new devices can Involve considerable ex to Individuals and allowing their deductibility as a medical ex will provide substantial relief to the taxpayers involved The items that will qualify as medical expenses deductible when total medical expenses In a year exceed three per cent of income conversion kits to modify family vans to permit persons confined to wheelchairs to gain Independent cess to the vehicle and to drive it synthetic speech systems braille printers and large print devices that enable persons with severe sight lm to utilize personal com electronic speech synthesizers that enable speaking Individuals to speak using a portable keyboard television closed caption decoders for the deaf which decipher special television transmissions and show on TV screens a script of the pro gram and monitors which can be attached to babies identified as being prone to sudden infant death syndrome crib death and which sound an alarm when the baby stops Detailed adjustments of our government tax assistance measures such as these along with the forthcoming broad measures to reform the tax system demonstrate how this government is concerned with ensuring that our tax laws deal fairly with Individuals In need Poets Corner DEPENDS Sometime from my primordial hollow the day completely Sometimes from sleep and leave the day way behind Marlowe Dickson It It Ontario NllE Like a rude poke from a shower J thtrarty morning J smacks my day j Into gear Us beginnings I like this that keep going till spring thaw out Hurry up Marlowe Dickson Kit Breton Ontario I