The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Page IIALTON HILLS IMS Halton Hills OUTLOOK Is published each J onlay by the HILLS HERALD Home Newspaper of Hills A Division of Canadian Newspapers Company at Guelph Street Georgetown Ontario It Second Class Mall Registered Number ACCOUNTING Brent Borne Pauline Miller MARKETING REPRESENTATIVES Sharon worth Beth PRODUCTION Dave Railings Sunt billon Annie Mary Lou Tbeir Playing the spy game Ottawa Report Stewart MacLeod Looking back on that spy expul sion we held with the Soviet Union one arrives at Ihe In conclusion that the Cana dian government doesnt quality Tor first prize Its a good thing the tit for tot ex pulsions ended when they did other wise It could have turned Into a longrunning farce Come to think of it some farcical aspects had already begun to appear In the best of circumstances Canada would require a very handicap to win any spyexpulsion game with the Soviets And if we in rist on playing by their rules which we did this time a Canadian vic tory Is all but impossible Playing by Soviet rules means that the public Is told virtually nothing about expelled spies Unac ceptable behavior Is the favorite catchall phrase to cover such ac tivities In this business we should follow the basic American rules that is when any Soviet is expelled for tell the people exactly what the had done or tried to do how he or she was caught and all other relevant details Thats one thing the Americana do well Once a bare detail is released there is a tendency to let everything handout But not here The external affairs department hates talking about spies In fact the department Is not particularly chatty about anything except perhaps Joe Clarks next goodwill trip abroad ALWAYS RETALIATION Its not as though we are inex perienced when it comes to kicking out the odd Soviet spy And if there Is one certainty its that the Soviets retaliate In diplomatic circles this is called the deterrence factor any country expelling Soviets must expect to have some of its own diplomats sent homo Normally the expulsions end there But In this case Canada retaliated against the Soviet retails tion which forced the Soviets Into a second round And this was a devastating blow to Canada because It involved the withdrawal of IS Soviet support staff from our em bassy in Moscow SNAFU by Bruce Bcattie Now this Is a war we had no chance of winning The Soviets with thousands of English speaking diplomats in their service operate in Canada with virtually no local labor But Its not that way in the Canadian diplomatic corps Without Russianspeaking support staff our Moscow embassy would be crippled So Its difficult to know why Canada decided to go ahead with the second round of expulsions par ticularly while playing by those Rus sian rules of not providing any details or evidence of the spying allegations If the secondround expulsions in actual spies why they booted out with the first group no spying was involved why get further embroiled in o numbers game with a superpower knowing we cant win CALLED HALT Naturally It was Canada that took the Initiative to end the 111 timed lit fortat contest Mr Clark called in the Soviet ambassador who said later they had a very useful talk If future cases of espionage arise which is likely the external affairs minister should provide a detailed briefing on what took place expel spies and accept the Inevitable response This will at least give the impression that the Soviets were tually guilty of spying while they were merely retaliating on a matter of principle Without a detailed briefing our case is no more convincing than Moscows particularly when we learn that some of those declared persona grata havent been in this country for 10 years Another thing I dont think exter nal affairs adds much credibility to the case by continuing to insist that Canada does not send any spies abroad What I mean is Just what are embassies for if not to gather In formation Perhaps our diplomats havent graduated from spy schools nor do they necessarily stand behind bushes with binoculars But how do you think our three military at taches in Moscow or the three Soviet military attaches in Ottawa spend their days Making artificial lowers for peace marchers No when Canada decides its necessary to boot out eight Soviets for spying we have every right to assume It involved a major es pionage operation And we not only have a right to assume this we also have a right to know the details This at least would make It a tad more awkward for the Soviets to retalla without lions I PEELED THE CARROTS WITH IT WHY The deregulation fracas Your Business Business Analyst Thomson News Service financial deregulation and what a year Its been Wood Gundy has fallen to the Canadian Imperial Bank of Com merce Dominion Securities Is con trolled by the Royal Bank of Canada Young Weir by the Bank of Nova Scotia and Nesbltt Thomson by the Bank of Montreal Vet one short year ago on the eve of Canadas version of the Big Bong no such alliances were foreseen At BOTHER were American vestment dealers who It was thought would swoop down and Canadas fat coddled stock brokerages It all started when Ontario stepped in with a modest proposal to let American Investment dealers buy up to a third of their much smaller Canadian counterparts Behind doors brokers began striking deals with Americana Suddenly from out of nowhere Canadian bankers stormed onto the scene demanding to be let In loo Bankers accused regulators of snat ching the Investment business from under their noses handing It over to foreigners Banking and Investment dealing have been separated in North America since the 1930s when bankers lost depositors money on the stock market BANKERS VIEW Leading the fight to Id bankers In to the business was he Toronto- Dominion Bank and its outspoken chairman Dick Thomson Oddly enough the is the ony one of the Big Five chartered banks that did not buy an Investment dealer preferring to build from within in Only time will lell if we were right and the others were wrong says Charlie executive vice- president treasury and Investment banking at the TorontoDominion Maybe were all wrong be said mindful of how much the stock market crash has hurt dealers pro fits The TorontoDominion entered Ihe business through Its discount brokerage subsidiary Green Line Investor Services Today customers at most bank branches across the country can buy mutual funds government bonds and treasury bills or set up a Green Line account This week the bank launched lis new family of noload mutual funds investors can switch from one fund to another free of charge Mr kinds of conflicts of Interest whether you bought a dealer or didnt he said Were trying to come to grips with them So are government regulators In the meantime bankers lend degree of stability and financial strength to the business that was not therebefore Poets corner By MARLOWE C DICKSON Morning has always been like a squeakyclean plate between the folds of a tea towel As with grease people take the squeak away Horror in Hormuz In the days following the actions of the US warship Vincenncs in Persian Gulf which resulted in the deaths of innocent Iranians aboard on airliner many people in the west have been rushing to the defence of the Americans But If ever a country hod to eat Its words the US is demonstrating the proper technique The Americans were as outspoken as any country in condemning Ihe Russians five years ago when they shot down a Korean airliner killing 269 people The circumstances may have been different this time but the results are the same Hundreds of Innocent peo ple are dead The most sophisticated warship In the US navy couldnt tell the dif ference between a tiny fast moving jet and a much larger and slower passenger airliner and the mull was catastrophic It means we In the have a lot to learn The ensuing events show weve teamed a lot The tragedy proves once and for all that even with the most sophisticated battle equipment on the Earths waters technology is on ly as good as the people using it The Incident also showed the US watched carefully in I9S3 when Ihe Soviets waited for five days before admitting to shooting dowt the airliner Meanwhile rest of the worlds anger boiled Instead of stalling Americans took Just hours to admit their mistake The fact Is that incident never would have happened if President Reagan hadnt led the way with his triggerhappy moves In Libya His actions set the tone for the mill Since Vietnam the US never used Its might on a tiny nation until Libya That action freed up the military to use Its power In the mid dle east without worrying about set ting a trend They were lust follow lng an example set by their presi dent Its easy to fed frustrated with the Iranians All we see are people gathered in the streets chanting Death to America Dont forget these people feel Ihey ve been shafted by the US for three decades Even so its only a few who bam It up for the cameras that we see on television Most Ira dont spend their time In the streets chanting The people on that plane can only be seen as Innocent bystanders Claims by the US that the plane acted like an Jet or that it was sent on a suicide mission or that It was masking an from radar detection con only be seen as desperate attempts to keep their age clean But answer yourself one question What would happen If the situation was reversed What if the Iranians shot down an American airliner and said it was a mistake God help the Ayalolla of the excuses the ex circumstnnces Ihe hind sight analysis and the mutual feel ings between the two countries the shoot later mentality had better not prevail In the future hove on JulyS The Americans should have mode damn sure it was a fighter before they shot It down