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Wednesday Jmtury IWPirb Georgetown banker predict you 11 be lightening your belt In but If you re not smiling the good it at least won be as bad as last In a serle of interviews with the Herald last week bankers In the community cautiously mode their predictions on what the economic picture may hold store There no question we vc recovered from last year says Toronto Dominion bonk manager Terry Dickinson This lime last year we were In recession The outlook brighter Ihon last year We are coming out of the doldrums of Reg McQuaig manager of Bank says he was apprehensive ihls time last year I more comfortable about I think the Canadian economy is stable and will remain stable David Peach manager of ihe Bonk of Montreal feels the way this year as he did last year I optimistic about I97S I have a good feeling about It Peach painted out that doom and gloom was predicted for the construction Industry in Georgetown this time lost year but that result show such forecasts were unrealistic and unwarranted Tho bankers all concurred thai however bad was Us past now and we ve got It out of our system They agreed too that wage and price controls will be the largest single factors influencing economic behaviour In the new year looks to the federal controls as a way of gelting everybody to cooperate In increasing productivity and living within their earning power Dickinson feels that it will be some time before the intended effect of the controls will be noticed Peach doubts that Ihe controls will work and said that everywhere else controls have been un successful He warned that a strike by a powerful union able hold up even the govern would break the back of controls He said wago controls ore accepted as fine for Ihe next person but not for us Inflation Won Multiply None of Interviewed bank managers felt that in flation would continue multiplying Instead they felt It would settle to about a 10 percent increase in Major increases in the price of fossil fuels and ported goods prices over which we In Canada have no control will affect most said McQuaig Peach said the cost of mortgage money Is a con trlbuting factor to inflation and that if the interest portion of mortgage costs were tax deductible carrying a would be easier as well helping to case inflation Such a program would be easy to administrate he said adding the government was concerned enough they could do It Land and residences traditionally the best hedges against Inflation are still holding to the tradition ail he bankers said For those seeking some kind of protection against Inflation this is what each said Dickinson You ve got to look around for Investments with the principal guaranteed and with a current rate of interest Sec what available and pick what Is best suited to your personal needs Peach can prepare for future conditions with range pension plans which attempt to keep up with inflationary cycles But these arc methods of combating inflation on a long range basis and the bankers predicted that all consumers to shop carefully People ore going to be more aware more conscious of what arc getting for their money II want better quality sold Peach None of the bankers foresaw consumer spending a con to Inflation declining in 1076 McQuaig predicted that this year spending by consumers will not be oh excessive as it was last year He said will fix up their things before replacing bus development Is closely tied to Georgetown future and two bankers were optimistic in that area We 11 see more businesses coming to Georgetown even though there Is not a lot of venture capital around Peach But if businesses want to grow they 11 have to invest Georgetown has considerable growth tial Peach said that construction projects ore primed to go when the sewage disposal plant gets underway Georgetown has a future said but its not going to happen for several years Georgetown has been I lying dormant He predicted We 11 sit still for two or three more years Construction of Georgetown million sewage treatment plant has been approved and will begin shortly The plant Is expected lo take about two years to complete One thing all the bankers mentioned even those who said ihey did not want to be quoted was the tremendous difficulty of the forecasting economic situations by using old stand by theories Said McQuaig Post economic rules are out the window Wo can go back and use yearold economic theories Said Peach Bankers these days are not as conservative as their former Imoge Like- everyone else we wont believe want to have faith FABRIC RAMPAGE SALE ENDS SAT JAN Ardent nature lover Archie Eccles Archie life long resident of Glen Williams died December 12 1975 at the Georgetown District Memorial Hospital He wasB6 Mr a bachelor was the last surviving member of the James family which first came to Canada from Ireland in 1842 He was the last bom child of John and Mary Born Christmas Eve 1B39 Mr Eccles lived his entire life on a farm in Esqueslng Township where he raised Durham cattle Clydesdale horses and grain crops Mr was an ardent nature lover He retired from farming in He attended the one room Clay Hill School and later served on the Clay Hill School Board until that board was dissolved In 1950 Mr was also a member of the Union Presbyterian Church He was predeceased by a brother James of Brampton and by sisters Agnes and Sarah Jane McClure of Georgetown Funeral Services were held December IS at Ihe McClure- Jones Funeral Home The service was conducted by Rev Peter Barrow of Knox Presbyterian Church In Georgetown Interment was in Greenwood Cemetery Georgetown Pallbearers were of Brampton Wilfred Kirkwood of Limehousc William Hutchli Cheltenham Charlie McNally of Terra Cotta and Cecil and Blanke of Glen Williams OAKVIUE JAN 17th Ticket No Gordon Arena Well Be There To Greet Too At the Canadian National BOAT SHOW This Week AT THE E COLISEUM TORONTO YOUR DEALER FOR MERCURY STARCRAFT CREDIT RIVER BOAT CO Areas Most Complete Boat Centn NORVAL 877 THE REGIONAL MUNICIPALITY OF HALT0N THE Regional Council has approved the formation of on ECOLOGICAL AND ENVIRONMENTAL ADVISORY COMMITTEE EEAC The Committee Is to be established as a TECHNICAL ADVISORY COMMITTEE of Ihe Region to assist the Regional Government and the Regional Planning Department In development of an Official Plan for the Region which will be in keeping with the area desire for a high quality natural environment committee will be composed of members appointed from following areas biology planning environmental groups concerned Government Industry commercial developers rod and gun clubs farming community and the general public It Is anticipated that Committee will biweekly THE Region will Membership on me Applicants m average- receive applications from Individuals In the above stated for ECOLOGICAL AND ENVIRONMENTAL ADVISORY COM residents of Helton Region and be prepared to work a per weak on Committee matters Applicants should describe their previous experience training In environmental concerns when applying Interested individuals are requested to send of plication to THE PLANNING COMMITTEE Road Burlington Ontario L7N3GB Alt Ion Regional Planner The list date that will received Mi ft Friday January