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Waits Publisher like autoimmune William rum ant Meliqu McPhersonManaglng Editor mason munch at 1m Pan Dollar Value Continues To Deflote During Inflation Earlier this year Dr Winter mans economist at St Francis Xavier University Antigonish Nova Scotia pre dicted that if the 1967 rate of inflation continued there would be an increase in prices of more than four per cent per annum For the first 11 months of 1968 the consumer price index has averaged 41 per cent higher than in the corre sponding period of 1967 This is the fastest rate of inflation since 1951 In the third quarter of this year the in crease in the consumer price index in creased to425 per cent Inflation used to be taken to mean an increase in the stock of mone Now economists think of it as apply ng not to the money supply butto the general price level It used to be taken for granted and still is by chambers of commerce and the Canadian Manufac turers Association that the main fac tor in rising costs was the cost of labour The present inflation is distinguished by the fact that prices are being increased even though labour costs per unit of output in manufacturing are holding steady Big cities bi buildings big payrolls and big deals a1 too often are accepted as the criterion of success inthe moder age That the provincial authorities are not ready to accept this concept is in dicated by the announcements on re gionalgovemment by Municipal Affairs Minister DArcy McKeough of Ontario He has proposed that regional govern ments be set upon Metropolitan Toron os three boundaries and that when it ecornes reality such metro powers as gaunng be confined to the limits of at area This means Toronto will be locked in and it will no longer be permit ted to continue its urban sprawl and perpetuate the problems that go with it Toronto is large enough and were it to swallow sections they would lose their to YEARS AGO IN TOWN Barrie Examiner Dec 23 1928 Bar DOWN MEMORY uni rie and Drillia boards of trade protested Ontario government decision to keep Highway No 11 plowed only from To ronto to Bradford People of British Empire concerned over serious illness of King George Harry Morrens Barred Rock hens have scored heavily this year at fall fairs Arnold Bros will locate branch food store of chain in Barrie Board ofEducation decided county appointees in future would have full status Mayor Duncan McCuaig donated trophy for competition in Cana dian Gladiolus Society largely repre sented by Barrie flower growers Ferris Goodfellow elected Worshipful Master Corinthian Masonic Lodge with Harry Milne and Gordon Longman as wardens Bell Telephone awarded medallions for safety work to Barrie men Price OConnor Birchard Albert Hogan Barry Flannery Cooper George James Sunnidale and vespra township coun ls protested increasing cost of provin cial highways Barrie Collegiate packed for annual commencement An drew Hay retired mathematics master presented scholarships to Arthur Gird wood son of principal and Parker Mc fltfiliin Sports awards were given to Sandy Ness Wallace Hedger Ross Dodd Elgin Harris Chrissie Scott Marie Mclt Niven Bertha Garside Dorothy Price TITVH LWTWWJM¢$ sonomeasmwwt APPENED In cannon have made overtures to become par The inescapable conclusion is that those who supplygoods and services to the public have free hand in passing on to consumers the increases in their costs This is nothing new in fact it is the normal situation The only way it could be changed would be by govern ment action But there is no danger that Canadian government will tako such action and therefore it remains very difficult for official fiscal or man etary policy to restrain the advance of prices At the rate we are going we will all have to make twice as much in 1985 as we are making now just to stay as we are One other point remains to be made and that is that we continue to think of dollar as dollar fixed amount it is not fixed amount and regarding it as such means great losses in salary and other money contracts The only people who profit from fluc tuations in money value are professional money manipulators and they never for got that dollar is not just dollar day in and day out Limits Close To Metro identity Pickering Township officials of Metroseelng in that course solu ion forsome of their problems The gov ernment proposal may well mean their dreams will come to naught Another wayoHooking at it is that Toronto rather than looking for more problems through expansion should turn its sights toward the solution of some of the problems within Its boundar ies The city is badly in need for an urban renewal program to rehabilitate many of the slum areas surrounding the main business area It is also faced with the problem of providing more ad uate transportation system Many detals of regional government remain to be worked out Helen Garrett Melrose Partridge Hen ry McInnis presented Johnston Club prizes to outstanding students Gordon Pratt got marksmanship award from Cockburn Constance Hinds deliver ed valedictory address Letter to editor claimed BarrieAngus road worst dirt road in province Farm laborer from Tottenham sentenced to hang in Barries county jailfJan for murder of employer and latterls daughter Regent Theatre Toronto announced worlds premiere of Canadas first pro duced movie Carry On rSargeant starring Nancy Hargreaves of Barrie Barrie Theatre Guild presented Christ mas Eve Fantasy at collegiate hall Fred WSarjeant returned to Barrie fromChatham to take over management family insurance business Contractor Garrett strengthened roof of Dreamland Theatre Soldiers Club played host to 1200 children at Christ mas party in Barrie Armoury Presi dent Dr William Little was in charge assisted by Maurice Esten George Burns and Ed Shuter Joe Wright Jr of Toronto worlds sculling champion ad dressed Barrie Kiwanis Club and deplor ed lack of aquatic activity here It doesnt take many helpinga of some thing for nothing to make person lose his taste for work wuo wis saved nogth bowl Wit dell16m unison WELL was no cam count attunvaoo lama out CHAwa 20 oi SLEEPINGonDUlY MemoMM luminary racksAm lllilll4llIl HALIFAX its ascaeso CAPITAL flIflécmflflfl ruulsuvisur av swunme new Yamsteam CIIALLENGED cuosnv mouse filmMN no mo LUNGED wmi ms annular Mrzeavm Bur lf mm mania Tasmanian swan4 ANDHE was Knockeo unconscious or MMMP 19416th IM cryHex aw wryIqasaesqmamm GWHIMG INla ASTDNE WALLV ll film45 Itlritlltlj SimMo it Id WW if wuar 00 APPENED o°°o villa fithGS 6a 69° ZgTHE CHRISTMAS GLEE CLUB narrow MORRISON Canadian Press Staff Writer As Christmas day ends thoughts of peers are jarred by the crisis building up in the Middle East Thiscrisis now ex tendainio the Adriatic where the people of Yugoslavia are worried that the Soviet Union may beheen to dominate the Mldlterrancan 1n the case of Yugoslavia the fear expressed by some military ho is that tbe Soviet ywbe anxious to use Yugo avm as corridor to strike it tiny Albania which has been siding with China in the SinoSoviet ideological struggle But NATO naval authorities in italy have indicated privately cannons STORY Submarine Threat Canadian Forces By our BOWMAN in October the story was told of how the tst Canadian Division in the First World War crossed the Atlantic to Britain threat ened by German submarines It was on Dec 16 1939 that the Ist Canadian Division for the Swond World War arrived safely at Aldershot England commanded by MaiGen McNaughton The voyage from Halifax to Greenoclr Soot iand had triken only seven days but was not without incident Winston Churchill then lst Lord of the Admiralty sent mes sage saying the arrival of the Canadians has wormed the booklet of our beans The lst Divinon sailed in five ocean liners Acquitania Em press of Britan Empress of Australia Duchess of Bedford and Monarch of Bermuda They tomato arwnd the battle WWWKM dont Examiner is Bayfield Street Barrie Ontario Authorized as second class mail by the Post Office De partment Ottawa and for payment of postage in cash Rehnn postage guaranteed Daily Sundays and Statutory Holidays excepted Subscription rates daily by carrier 50c weekly $500 yearly Singlecopies we fly mail Barrie $2500 yearly Ontario $1500 year motot throw off 513 year out side Ontario 320 year Out side Canadabritish posses sions$25 year USA and foreign 531 year National Advarllslngoffices 425 Universitygnvenue Toron to 540 Cathcart 5L Mont real Member of the Canadian Press and Audit Bureau of circulations The Canadian Press In on cluaively entitled to the use for republication of all news dispatches In this aper cred lied to it or ThePAssoclated Press or Reuters and also tha local news published therein lt in Homo ITERPRETIIIG TH LfMidd1¢ East Situ Jars Thoughts 01 Boooe lllbBritisbCanadlan Pusan Koiea as coMFORIo that this kind of situation would be intolerable for the West In terms of strategy it could not tolerate Soviet control over land area threatening the south eastern flank of the NAN re gion This on one reason why any Soviet move to takeover Yugo slavia pl It seized control over Czechoslovakia would be viewed with considerable alarm in Western military quorters Equally worrisome fire that uing breaches013 the truce the MIddlBEEBl where Arabs and Jews are carrying on guerrilla struggle that shows no sign of abating Despite intense actions by many peacemakers including the United Nations the possibility of final settle ship Resolution which was there to protect the convoy against surface raiders Destrost of the Royal Canadian Navy added protedion for two days from Halifax Part of the trip was in heavy fog and the Empress of Britnin nearly collided with the flagship Aquitania when the fog lifted the Empres of Australia was missing There was great deal of worry about her being out on the Atlantic all alone but at sumet British cruiser ap pearcd over the horizon and sent lampsignal to the battle shinfLulw 15 glance at the Bible revealed Rejoice with me for have found my sheep which was lost The Empress of Australia re med the convoy soon after It lieved that her captain didnot like convoys ond took advantage of thefog to slip away On the last night at seawben the convoy was guarded bya strong escort of Royal Navy warships the liner Samaria outwardebound for Liverpool ran through the convoy in the blackout and collided with the Adultania Fortimately neidier was badly damaged butit was close call OTHER EVENTS isoa Da Mons was granted monopoly of the fur trade for 10 years force sacked Niagara NY and toolcaoo prisoners in reprlsal for burning of Newark Niagara on the Lake noseBurma became Ottawa officially Jan nitFederal government so oepled Lord Dufferins proposal to settle railway dispute with British Columbia ramp tenng SYstem 1le Atlantic cable at Canso rosa Archbishop Mackay of vltuperts Landwbs cleotédfirst Anglican Primatenf Canada lamBoundaries of Yukon Franklin and Ungava were changed italTerritorial Grain Grow ers organization was formed at Indiun Head Man lbwPrincess Patricias Ca inadian Light Infantry arrived at ltionfal meat of secrecy states with some comparable new name Canadia Prcu Stall Writer few years ago humorist Art Buchwald proposed that tbs United Stltu shift from Old to tbs lunkodcu standard All warn can Inuld be turned In to the Maui harem com mle to bar six and stored Fort Knox To some peolebll males at least as much sense as nosrdlnr goldhn1n the additional ad vantage of unclutmlng the ace nery Presidentclan Richard Nix ons treasury secretary David Kennedy is not gain this far but seems to be giving thought to the idea that the longpofled price ofygold at USl an ounce is not as immutable the stars In their courses At least he did until Nixon himself more or less rallied the rug from undarhim Wednesday Kennedys comment on gold which didnt amount to more than saying the Republicans were going to keep their options open sent waves rippling through the hairspringvsensiiive world markets The oncday gold rush may be reversed today JDLTED FOUND lot of money will be made and lost and KannedK will pick up the clue that on your talking about gold prices you play the cards very close to the vest otherwise things can hap pen such as Britains shaky pound inkiuz felt as it did Wednesday from gold repercus ElllllS Nevertheless there Is mucb sentiment among world bankers and politicians for freeing gold from the official US price imlt posed In 1934 An aura of sentiment sure rounds the meaningless but mystic figuro one element being that shoving it upward might be interpreted as roun dabout form of devalulng lbs 115 dollar1n way that would be true on Mliiliilllllffffl sins THOUGHT ment between lsrael and the Arab states continues to he re mote while the prospect another open war Is intensified And Samuel Illll Hath the Lord as great delight In burnt offerings and nerIflceI is in obeying tho voice of the bard Though the presence in tha Behold toobey II better than Mediterranean of the United sacrifice audio heathen than States Iith fIcct may provide Is lhe fat of ram Samuel 1522 reel with reassurance some is Many times go out of our raoll sympathizers look on the way to do of using ramm growth of Soviet naval power in um simply obey God There is the Mediterranean as direct no substitute or obedience threat to the future of the tiny Middle Eaststntc hemmed in bycnemy neighbors only wait ing tofattcmpt new siege Burners have abounded over recent years that as prime act of survival lsracl is anxious to become nuclear power As France has found out this re quires hugc resources and high costs it also requires physical testing which destroys the ele Neverthcless there are still rumors in the Mediterranean Adriatic arca suggesting it wont be long before Israel has the burnt lfvihsk should ever happen is uni cly that the Soviet Union wouldstand by HOT BUFFET without providing the Arab nuclear arsenal PopePaul has warned in his Christmas message that the ex lstchcn of man is in peril He may not have had apeciiic reference to the Mediterranean and Middle East But under cur rent circurnstances this region may be as difficult problem for mankind as any on an no certalnand unsettled globe oi the QTBR Duncing Smorousbord Eniertuinment 7storts9lpm nlricez $15 PerCouple Change From Gold crotch HORSESHOE Miles East of Colllngwood on Hwy 26 featuring CORSAGES FOR LADIES $I200 per couple Phone 445 for reservations Adult Coupls only Another argument against it Is that it would shake the value of grery currencyon the fall ing dominoes theory to which currencies are so susceptible and chance world monetary chaos Experts say that one way of getting around this would be for the to get international agreement to raise the gold price but peg existing rates of exchange of the major curren cies This would assuage Ameri can public sensibilities by low ering the value of the dollar only against gold BEE RISE lNEVITABLE In any case the setting up of twotier gold market earlier this year has led many to be lieve that US price rcvaluing is Inevitable Some observers think this would take some of the steam out of the longplaying interns tlonal currency crisis Weak currencies such as sterling might be strengthenedBrit Ilns gold reserves would jump In value it would undoubtedly be good for the Canadian goldmining in dustry much of which has been staggering along for years in between production costs and the $35 price Counting up the odds It might be an idea not to write off the possibility of higher price Nixon may be better poker player than his treasury secre ory 60 PER CENT SUBVWE Only 60 per cent of grizzly bear cubs survive the first 16 months of their life OLD FASHIONED CHRISTMAS DINNER all Kfl ll RY Abutrs $400 Children under I2 52 Phone 7266030 126 Collier St sites FAVORS 2257