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Page HILLS OUTLOOK September IMS Halton Hills Tbeir Is published each Saturday by the TON llllls Home Newspaper or Italian Hills A Division of lanudlan Newspapers Company Street teorgctown Second Class Mail Registered Number AD MANAGER Dan Taylor MARKETING RrPRKSENTATlVES Beth Caroline MacLeod Dave Hastings ilson AiinlrOIscn Mary Foreman Sound damage control Ottawa Stewart MacLeod Thornton When it comes lo damage control have to give credit lo Prime Minister Brian Mulroney and the way he handled the most recent whiff of scandal from his troubled Quebec caucus Mind you thats not to suggest he has laid the mailer to real Both the Liberals and New Democrats will do their best lo ensure this hap pen But the prime ministers pro posals lo overhaul the financing of political parties was In the about the best response anyone could produce on the spur of the moment Obviously It would be more effec tive if government action were taken Immediately rather than after the next election But we have to be practical You just dont revolu tlonite political financing on a whim Actually it wouldnt be unreasonable to wonder whether well ever ace the proposals put for ward by the prime minister since so much depends on the outcome of the next election and the financial posi tion of parties following that event But there is no doubt that his quick response events in Quebec helped quell problem at hand To purify political money raising Mr Mulroney said his government is ready to restrict contributions to Individuals that la corporations associations and unions would be prevented from making donations The latest Inspiration comes from an 18page report on political ethics produced by Bouchard Mr Mulroney s relatively new Secretary of State who entered politics as Mr Clean As one of his first duties after being recalled as Canadas ambassador to France Mr Bouchard was asked to make suggestions for sanitizing the fund raising business But the Issue goes much further back Early in Mr endorsed similar recommendations by Quebec MP Francois Gerin Com pton St ana lead At that time the prime minister said be would lake every required to the scent of scandal But the latest report coming from Mr Clean has obviously given the subject a much higher profile And Mr Bouchard lawyer was well qualified for the Job He was once an enthusiastic member of the part end whatever else one may Ihlnk of thai party no one can question the purity of its money- raising process From Its Inception the party refused donations from corporations and limited contributions In dividual voters to a year The whole idea was to prevent undue In being exerted on the party by huge contributors Since the in Its early days didn t receive much if any cor money In any event its self imposed restnclions probably cause any hardships Later Quebec National Assembly passed legislation governing contributions parties Actually Parliament did too back in But the main result of that Election Expenses Act was to reveal not restrict amount that major donors including corpora lions made to politics parties What prime minister now Is talking about is far different Apart from getting party funding out from under companies associations and unions individuals would be limited to dona lions of The Quebec caucus already has accepted the recommendations And in the wake of all those allegation of kickbacks and patronage which came out of the province In the last couple of weeks the prime minister said he would propose similar reforms on a national basis OTHER CHANGES The reforms also would touch on the awarding of government con tracts stressing merit not poll I leal favoritism This was an opportunity said Mr Bouchard to contribute to an unprecedented cleansing of our political mores A quick endorsement came from the prime minister Political par ties have to go out and get their money from ordinary citizens In limited amounts 1 think that Is good for democracy The changes would come from a reelected valive government If the prime minister is dctermln ed to implement the reforms he might be better to draft legislation during Ihe brief Labor Day recess and strike while he still enjoys a huge majority For one thing immediate action would prove that he means business For another if his Tories don i come back with a dear majority it might not matter what Ins intentions arc Despite the general approval greeting his announcement Doth the Liberals and New Democrats have reasons to be wary of the reforms SNAFU by Bruce Beattie Berrys World We shouldnt have let them take us to see Bambi Theyre at an age where they can t handle it Around the region Padding the mattress Your Business Diane Thomson As I was leafing through the newspaper the other day I noticed thai tne Federal Reserve the misplaced hlllionlUS Central bankers perfect Look at John Crow governor of Bank who believes we need per cent mortgage roles to beat back B per cent inflation But to lose such a big chunk of the US money supply is curious so I wondered what the reason could be turns out there arc three reasons Criminals dont tell the Fed how many I S dollars they have stashed away that might account for a big chunk of missing money Foreign dictators too like keep a ready supply of greenbacks on hand In case they have to flee the country in the middle of the night The mo at surprising culprits though ore the American people For the first lime since the Great Depression Americans arc taking their money out of the bank and burying It in the back yard HOARDING CASH Theyre putting it into mat tresses safely deposit boxes cookie Jars William Tehan a New York money manager says In The Globe and Mall Intrigued I phoned Mr Tehan to sec why intelligent people would forgo Interest Income In favor of lumpy buckstuffed mattresses People are worried about the safety of banks he said a with which he fully agrees I think the recession something the American financial system would be too weak to withstand people and companies found selves unable to repay their loans The result would be money panic and depression Mr says Youll see lines of people 10 blocks long walling Ret their money out of the hank People who fear Inflation are all 1 1 fighting the last war Mr Tehan says They have limited their view of the future to what they have seen In By BRIAN MacLEOD Isnt It amazing what some people will say In a fit of anger Letters have been pouring into Region since councillors voted in July not to contribute help order to slop the per cent turnover rote among the staff Most letters express a heartfelt for the service asking council to reconsider But one letter takes it a far It makes reference to Hiltons recent decision to take part the Africa program In which Region staff will be tent to Tanzania to lend their expertise The letter from a Burlington resi dent read I object to my tax dollars going out of the country to norant people who cant even prac tise birth control and over populate their country and cause their own problems Ignorance it seems runs deep in this country as well The Coalition Against Open Sun and make a financial to the organization to help its ongoing campaign against Sun day shopping Administrotlon and Finance committee received and til ed the letter headed Into SCARY STORIES The next big inflation Is not going happen he says Don worry about inflation The big problem now is financial panic and depression Mr Tehan has a good track record He foresaw the great lion of the 1970s and his predictions about gold deflation and the 11 dollar have been too good to ignore This explains why some Intelligent people arc starting to hoard cash The principal torts tic of depression is a shortage of cosh Mr Tehan points out In a defla depression tike the 1930s prices fall and the value of cash quiet about this sort of thing one of Mr Tehana clients confessed he took In cash and stashed it away and another man says one of his friends Is burying money In his backyard This only happens once In a generation Mr says As the recession progresses people will a In to switch from cash to gold then to deflated assets such as real estate and stocks just as they did in the rata Now that the new waste transfer station In Burlington is getting ready lo open the Regions garbage dump Is getting ready to close Last sum voted to close down the transfer station at the once the site reached capacity and open a new one at a cost of about million to the tax payers The new transfer station Is ex peeled to be ready about Oct IS The dump will close about the some date Once the dump is closed all com and municipal waste pro duced in will either go to Ihe Walker Brothers In Thorold or to Occidental Chemical for burning In Niogara Falls New York The cost to dispose garbage his way will be approximately million a month has already spent well over J million looking for a new site The environmental assessment heatings which will decide between preferred site in Burl ington and Ihe next best site In Mlllon are expected to wrap up In September Speaking of garbage about people in the audience at Gordon Aleott arena at Acton quarry dump study group Wednesday learn ed that soon as years after the Its Vcrn Dixon said will definitely reach Georgetowns water supply sometime between and 90 years after Phase 11 begins operation but the quantity of It will be so small It Audience members werent