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PAGE 8, WEDNESDAy, DECEMBER 19, 1979, WHITBY FREE PRESS Budget was whatthe country eede By MICHAEL KNELL Free Press Staff Scott Fennell sald that the budget brought down by Finance 'Minister John Crosbie was tough and hard and was what the country needed., Approximately an hour af- ter Fennelf made that HERE & NOW 1de Mar IN Ivan 's Skin Care ASSOCIATION ClîieWITH Hairstyling Are pleased to announct that the professional services of Marne (qualified Esthelician) and Ivan'$ Hairstyling are now available in one con venient location, on a personaiizedS statement, a motion of non- confidence passed in the House of Commons by a vote of 139-133. The motion belonged to the New, Democratic Party and was supported by the Liberals with the Social Credit Party abstaining from the vote. Fenneil indicated that he will carry the Progressive Conservative banner in On- tario riding in the general election that will. be held somnetime in February. (The exact date was not announced at press time.) In his statement defending the Crosbie's budget, the fir- st ever by a Tory minister in 16 years, Fenneil said that its main thrust was, that "-we are going to make this coun- try er'ergy self-sufficient ,y 1990." Fenneli also said that the variaus increases in taxation, notably in energy costs, UIC premiums 'and other social fields, were needed because of the economic mens created by the Liberals and to reduce the deficit. Fenneil also said that the Liberals had been giving the country to foreign interests and that the Tories were trying to create a Canadian owned economy. "We're a lucky country and we're not going to give it away, " he said. ."It's a long term budget," Fenneil said adding that there were " no give-aways" and that "I've neyer said it would be easy. " He also said that the budget had some positive features notably the energy tax credit, lower interest rates for small businessmen borrowing under, $5W,000; the $80 a week tax credit to small- business who hire young people to train and work. "If any employer creates a new job for a young person he will get a tax credit a $80 a week ," Fenneil said. Fenneil also said that the budget would give the small businessman an "effective cost of borrowing"' for demand loans of Up to $500,000 of 9.6 per cent. Fenneil was also confident that the interest rates will go down over the next year but could flot speculate by how much. "It was the right thing to do at the right time, " he said to put the five per cent sur- tax on corporations saylng it was time that they "threw sornething into the kitty. " Fenneli also went to great lengths to defend the Con- servative energy prices in- crease. He said of the $6 billion raised in extra revenue, $3 billion will be returned to the taxpayer in the form of tax credits, $2 billion will be ap- plied against Canada's balance of paymnents, $500 million will be used to bring down the national deficit, and the remaining $500 million will go into the energy bank. This latter amount, he said, will increase to $21h billion per year by 1984. The money will be put * HOMES BUILT PRIOR TO * 1961 ARE NOW ELIGIBLE FORA W HOME I NSULATION GR'ANT UP TO $500.OO %',O F LABOUR COStGPVMENTi * 100% MATERIAL CDST UP TO $35000" * PAID BY GOVERNMENT *Government granit portion is due to PEEL * FENCE only when you receive your rebate cheque. Our represen tatives will prepare al I necessarypaperwork for -you.-I *WI' USI - ONLY C..M.I.C. APPRO VEI]) (CELLULOSE *IN SU LATION. C'A LL US TODA Y OR I»)ITAI>LS. I -ONE WEEK INStALLATION -. *PEEL FENCE (PICKERING), LIMITED 8 * -(INSULATION DIVISION)- *'1976 NOTION RD., PICERIGONTARIO LlV 2G3 Riderm big Attic Inoueefo.,Roof Vent lest ahlallofi -Ail woi Gwow*.,InO Scott Fenneil "back into renewable and oil energy resources," ' he said.' Fenneil said that the people who opposed the budget said that they did not understand how the gover- nment spends the money. He said that out of every $1 YOU DON'T PAY FOR YOUR MISTAKES M.B.M. PHOTOGRAPHy à When you bring in a roll of film' to be prooessed, we charge you ONLV FOR THE PRINTS THAT COME OUT 'We'l1 also be there to give you friendly, professional advi ce (if you wvant it) and thow you where you made your mistake. M.BM. - The Fr1 endly- Pro fessionals M.B#M. PHOTOGRAPHY 131 BROCK STREET NORTH WHITBY 66&-6111 ton Wd, 9 - bThurâFH.,9 »8; Sat 10. 5 'jiimmma- in tax money raised, 20 cents goes to pay the interest on foreign loans; 30 cents is transfer payments to per- sons (those receiving unemn- ploymnent insurance, pen- sions, family allowance etc.); 20 cents is returned to the provinces; 10 cents is used in the remaining social fields; five cents goes to the Canadian Armed Forces, and the remaining 15 cents pays for everything else that the governmnent is expected to do. "It is taking time to con- trol inflation," Fennell said because of these commit- tmnents although he stressed it was one of the gover- nment's major thrusts in the budget. The governmnent of Joe Clark and bis Conservatives felI from power after seven months because of the budget and only the election will tell whether or not the Canadian electorate accept it. BUSINESS SUPPORT Outstanding business loans by the chartcrcd banks have more than-quadrupîed during the lait 10Oyears, the Canadian Bankers' Association says. DENTURE THERAPY CLINIC" 111 DUNDAS STREET WEST WHITBY 668-1464 mi L -*,è%i vi-àz.. Lý-J