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Pago THE HERALD OUTLOOK December Hills OUTLOOK is published neb Saturday the MAI TON tilt US l Home Newspaper of Italton tlllli A of Canadian Company Limited at IS Street Georgetown Second Class Mall Registered Number Its Ilrlan Mad Horn a Kelt PUBLISHER Caroline rain Teeter Jcantilnr Volols 1 AltTMh NT ljv- Hauling ADMANGEK Dan Taylor Tbeir Outlook A lack of accord Ottawa I Stewart MacLeod I Thornton There is no question that Quebec Premier Robert was of great assistance to Prime Minuter Brian Mulroney in the Nov federal election But It could prove costly o the premier The Liberal premier claims he was officially neutral In the cam but we all know what thai meant Its common knowledge that be wanted Mr Tories to be reelected and when he turned his loose to work for the par ty of their choice It was clear Just what party he had in mind from personal friendship considerations Mr Bourassa wanted the Mulroney government returned for two com reasons to Implement the freetrade deal and to complete the ratification process of the Lake accord In supporting free trade and In fact campaigning for It the premier broke sharply with federal Liberal Leader John Turner whose stand against free trade was the main thrust of the Liberal cam Liberals won only 11 of Quebec seats down from IT in the 1061 election The Tories took all And now with the freetrade menl pretty well assured the Quebec premier s attention is focus ed irmly on the Meech Luke accord which must still be approved by legislatures Manitoba and New Brunswick In more normal times proponents of the deal and there is no greater proponent than Mr would be expecting some help from Mr Turner In twisting the arms of Liberal cousins That could be a long wait DIFFERENT MAKEUP In Parliament the Liberal leader supported the accord at some considerable coat The caucus was sharply divided on the Issue and Mr Turner had great dif floaty trying to paper over the cracks so the accord could go through Parliament with all party support In the new Parliament among the Liberal MPs there will be In creased opposition to the accord A vast majority of the Liberal newcomers are said to be against the agreement which would give Quebec the to promote its distinct society While wit has ap proved Lake the Liberal government In New Brunswick j the combined Liberal ami op positions in Manitoba art demon ding amendments Thi accord might well come back What happens is really up to Liberals In New Brunswick jnd Manitoba And no matter how you look It the federal Liberal lender would nor mally he a very Influential figure But git en the makeup of his new caucus the apparent tion to Meech Lake federal Liberal feelings toward Premier Liberals It seems rather doubtful that Mr Turner stands ready to walk this particular political tightrope again There have been great changes since the last debate when a federal election loomed when the pearance of party unity was essen Hal when there was hope or sup port from Mr and the public approval of free trade was The Influence of Manitoba Liberal Leader Sharon Carstairs should not be underestimated In the Lake debate Apart from former prime minister Pi em Mrs Carstairs has been the most opponent of the accord her concerns with vigor She seems In have awakened manv to the doublewhammy of the freetrade deal and Lake with one pulling power from Ottawa to Washington and the other pulling power from Ottawa to Hie provinces Mrs Carstairs commands m respect In federal Liberal circles For that matter so does New Brunswick Premier Frank McKenna And In new there are ewer Quebec Liberals and more from such areas as Manitoba and New Brunswick You also may have noticed that since the federal election we vc been hearing greater opposition to the accord from people such as Jean Chretien and Saskatchewan Leader Roy Roma now both with some expertise In things For reasons that have nothing to do with Mr federal NDP Leader Ed mlghl also be reluctant to become Involved in any Manitoba And certainly Mr and his federal Tories ore In no position to sweet talk Liberals and New Democrats In New Brunswick the legislature contains nothing but Liberals SNAFU by Bruce Brattle Berrys World the criticism of the state which you ex pressed years ago now coincides with mine You are hereby released from prison M Gorbachev Chairman lashes out Stall Comment By BRIAN MACLEOD Cant go it alone Your Business Diane Thomson Gundy to the Canadian Imperial Bank of Commerce And so it went Street sources say the banks are Sensing up against those few who to remain In dependent giving them a smaller share of their corporate finance business The extra on our Ml That for the Christmas card the power company stent in One of the last of the Independent ly owned Investment dealers In the country Richardson Of Canada Ltd Is looking for a part Most of Richardson competitors have Joined forces with big banks or foreign financial institutions Richardson attempt to go It alone has not been successful The com pany is Canada largest family con trolled brokerage firm owned by the Richardson family of Winnipeg If It don decide to sell part of Itself Richardson will not exactly be getting top price the market for in vestment dealers has tumbled since the stock market crush George Richardson chairman says company has been pro fitable recently except for the odd month It a been keeping its head above water he says Analysts look this to mean Richardson Green shields probably was losing money like everyone else With that in mind they wondered who would step up to bid for Richardson not to the company Is in financial straits More likely It simply wants to stay In the race for International business which requires the strong financial backing of a bank or Insurance com pany END OF ERA The changes that have pushed Richardson Into the forefront began on July 1 1987 when Canadian regulators threw the doors to the Canadian securities business wide open to all comers domestic and foreign alike Dominion Securities sold itself to the Royal Bank of Canada Wood though the market Is slow has to run fast to stay in the same place By sitting still the way Richardson had been doing It ran the risk of sliding behind its bigger more a tors Richardson has hired Morgan Stanley and Co a New York Invest firm to help It find a buyer The news came to the Over the days and perhaps weeks to come rumors about who will buy the firm will twirl up and be dis counted again providing ample fod der for the Bay Street rumor mill TOO BAD In a sense Richardson decision marks the end of an era of big ly owned Investment dealers Its passing Into the new age of the global marketplace seems too bad somehow Richardson has a loyal following among Investors and its research la welt regarded by pension funds and other big institutions Richardson Greenshields former ly Richardson SecurlUeB of Canada was founded in Winnipeg in Bay Street observers suspect the Richardson family may have grown tired of propping the firm up In weak markets guess George just said I side of writing a cheque every in while said one analyst The next cheque will be going Into Mr Richardson pocket not out of It Although the merger possibilities are almost endless analysts doubt any of the big American firms will be Interested More likely Richard son will merge with another dealer or be bought by one of Canada emerging Inane empires Peter didn t pull any punches in his Inaugural address after being unanimously re appointed Regional Chairman Wednesday While he did commend his col leagues for helping bring Into maturity alter years of turbulent In fighting he also took the opportunity to blast the provincial bureaucracy which he said Is costing the tax payers of Georgetown millions of dollars And North MPP Walt Elliot who came bearing fruits in the form of for two water projects in Halton Hills could only listen as the re instated chairman tore a strip out of provincial bureaucracy It is the affordable housing Issue that has raised the Ire of Chairman The Provinces commitment to af housing Is not working the way It should and not working the way It II have to he said A affordable housing development in Burlington Is being held up by a handful of provincial employees who don seem to know yet about the premier commit ment said Mr Turning his attention to Hills Chairman said the Ministry of Environment Is dcterr new development In Georgetown by holding up water services In order to protect fish which were stocked in Black Creek In the lost four years The province said signifl cant alteration of water flow could change the temperature of the water and put stress on the fish In the creek Mr lamented And some of the fish are so con laminated with mercury from Lake Ontario they could be used as ther mometers he quipped He asked Mr Elliot for the names of provincial bureaucrats holding up the project with such decrees Mature or not such events are on Indication that the Region and the province still haven sorted out pro per lines of communication Premier David Peterson may In deed have a commitment to housing but thai doesn mean environmental Impacts be studied to the fullest Discussions around the planning and public works committee earlier this to show councillors think It nice to have the fish but v affordable bousing But somebody has to study all the effects on the environment Provincial bureaucrats may be slow doing it but at least it being Better now than to wipe out the fish population in Black Creek once more and say Oops Perhaps some nameless face In MOE bureaucracy should have been on the hall and tow the Region about it sooner but It still has to be done It Just sort of process which separates a governmentrun enter prise from private proposals It slows down the process but It gets done properly In the end everyone knows the development will go ahead fish or no fish But this way maybe someone will have time to take some simple preventative measures to preserve some aspects of the environment that are often taken for granted