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24th oxamlnL Trade deficit marks August OTTAWA CP For the first time this year there was deficit in the balance of trade Government figures released today show SIMmillion gap between imports and the merchandise Canada sold abroad in August Statistics Canada reported that exports increased by mere 31 per cent in August from July but imports rose by 64 per cent in the same period leaving the country in the red in its merchandise account with the rest of the world Imports during August were valued at $545 billion while export sales amounted to $531 billion The SZbillion trade surplus Finance Minister John Crosbie has predicted for the year is beginning to look almost unreachable Twothirds of the way through 1979 the surplus was $857 million The fi ures contained further bad news for the govern merit business community The $77million surplus previously reported for July on preliminary basisa month ago was revised to $28 million Since the beginning of June there has been total surplus in merchandise trade of less than $100 million Fighter program delay urged OTTAWA CP The government should delay its 823 billion fighterplane program another year rather than settle for the few industrial benefits that Canadas aerospace industry is likely to get now says John Shepherd vicechairman of the Science Council of Canada Shepherd who is leaving the science council for private industry said in an interview Wednesday the government made mistake when it first invited bids by not stating clearly what technical benefits it wanted for Canadian industry Ottawa should renegotiate now he said confidential report prepared for the governments fighterproject team in June concluded that neither Mc Donnell Douglas nor General Dynamics the two American finalists in the fighter competition offered anything to ex pand the technological expertise of the Canadian aerospace industry Musttile individual damage claims BUFFALU Judge ruied Wednesday that residents and former residents of the area surrounding the Love Canal chemical dump site in Niagara Falls NY must file individual suits to press damage claims State Supreme Court Justice Joseph Kuszynski also ruled that $25 billion class action claim filed on behalf of about 900 persons allegedly affected by the dump was improper claim is usually the first step in seeking damages and if not settled is usually followed by lawsuit The claim was filed last year against the city of Niagara Falls its school board and Niagara County Hooker Chemicals and Plastics Corp operated the dump but later the property was taken over he school board school was eventually built on the site and homes erected nearby The state health department declared an emergency at the site in August 1978 after chemicals began bubbling to the surface and the department found evidence of higher than average miscarriage and birth defects among residents of the area The state evacuated more than 200 families from homes close to the dump and now is completing multimillion dol lar cleanup project Oldest ever to climb Everest KATMANDU Renter Gerhard Schmatz myearold West German lawyer has become the oldest person to climb Mount Everest the Nepalese tourism ministry said Wednes day Schmatz was accompanied by another West German Swiss and two Sherpas Meanwhile US expedition which lost three members in an avalanche on Sept 19 has abandon edits attempt to climb the Annapurna the ministry said BELGRADE Renter He suggested that the IMF US Treasury Secretary should increase its role of sur William Miller flies back to veillance over its member Washington today leaving countries during the next conference of world financial decade leaders buzzing with rumors Britains chancellor of the ex that package may be an chequer Sir Geoffrey Howe nounced soon to bolster the joined leading IMF officials in saggingUS dollar stressing the importance oi the Paul Volcker chairman of fightagainst inflation theFederal Reserve Board has He said that if inflation is already returned from the conquered it is possible the annual meetings of the World world economy and individual Bank and International national economies will have Monetary Fund more resilience and capacity Experts believe pressure has for recovery than they have built up behind the scenes for been given credit fur action to support the dollar stark warning was given by Saudi Arabias finance minis speaker from the devel ing terSheikh Mohammed Abal countries whichhavecall for Khall said Wednesday In urgent cash aid from the indus speech to the finance ministers trial countries and central bankers of 138 coun tries that Saudi Arabia views with rowing concern the re new instability on the ex Trade mISSion change markets ROYAL DOWNS Golf Country Club OPEN HOUSE EXCELLENT DATES are stillavailable for Company Private Christmas successful New Years Partes these countries to take all fea sible and necessary measum wggggpgggiaoparpler NOW Booking dates for 980 tournaments wedding receptions we other social functions to 9st Stability to exchange to sell Ontario and came home For further information call 4240241 In Canadlalls they be miggggleglflgggysgstggwfié selling more aggressively SUNDAY OCTOBER 7th 500 pm 900 pm said themselves milaifiiflniiiSZiéioifiiii meTifiiféSiéiésFfité OPRlME RIB of BEEF OROAST TURKEY OPOACHED SALMON STEAK London luncheon Its tougher finanCial resources through in flation and exchange deprecia mse over the all meals include appetizer desserts beverage For reservations call 4240241 Davis spent two weeks trav DONT FORGET elling in Britain Greece the Our Popular Sunday Buffet Is Still Netherlands and Belgium 395 per PERSON preaching Canadian unity and Children under FREE 300 pm 800 pm Ontario opportunity at all ROYAL DOWNS GOLF COUNTRY CLUB stops An official in the premiers 7th LINE OF ESSA MILE SOUTH OF HWY 90 MILES WEST OFEARRIE POpe button sells in NY This button which sold on New York city streets Pope John Paul it during his visit to New York Tuesday Street vendors charged Si for the but ton AP Laserphoto Gold falls back below$400 LONDON AP The price of gold tumbled back below $400 an ounce today amid bout of profittaking The US dollar was little changed on most major money markets By late morning gold was quoted at $39450 an ounce in both London and Zurich The metal had peaked just under $450 at the height of fren zied trading on Tuesday It closed in London Wednesday at $401 and in Zurich at $40450 Dealers said holders of gold are trying to reap maximum profits from the gold rush as an anticipated technical reaction set in They said the downward rush of the gold price might be amplified by an effective US rescue package for the dollar Port Hope reports misleading COBOURG Ont CP The health officer for the HaliburtonKawartha health unit says there is no remaining radiation hazard in the Port Hope area and reports of the danger there are misleading Dr Donald Mikel said Wednesday radiation sickness has long incubation period and recent cases of leukemia in the tawn are the result of past radiation exposureoand not the result of present danger in the town There has been no significant radiation in Port Hope Since federal cleanup program was begun in 1975 Mikel said There have been reports that the uranium mining operations of Eldorado Nuclear Ltd major Port Hope employer are endangering the lives of reSidents in the town east of Toronto senior company official has discounted those reports as unfounded Outlets closed on Thanksgiving TORONTO CP All retail liquor stores in Ontario will be closed Thanksgiving Day except for two dutyfree outlets at Toronto International Airport okesman for the Liquor Control Board of Ontario said nesday In addition all Brewers Retail stores in Ontario will be closed Monday The post office said letter carrier delivery service also will be suspended for the day While there will be no special delivery customers will be able to pick up mail at their post office boxes Spokesmen for both Eatons and Simpsons said their retail outlets in Metropolitan Toronto will be closed Monday tions he said referring to Arab losses of oil revenue through the weakened dollar He said Saudi Arabia has un dertaken to provide larger supply of oil and give high pri ority to international needs But we are finding it in creasineg difficult to continue our policies under prevailing in stabilities in exchange markets coupled with high levels of in flation in industrial countries he declared Questioned by reporters Mil ler declined to comment on the possibility of further US actéon to lpalm the currency and go mar ets SEEKS COOILERAlTIONM In speac ear ier er called for new era of closer Sears OCIOber world cooperation including Value Days Sale circular the scrutiny by international on page 20 me savings authorities of the policies of any Id country which runs into finan ea rea cial difficulties Save $30 to $40 not $35 to $40 as stated Sears regrets any in convenience this error may have caused our customers IMPORTANT NEWS ABOUT THE CANADA SAVINGS BONDS YOU Now OWN office said the trade mission was highly successful Sears Home Auto lile Business sarjeant insurance l00 Bell Farm Rd Borrio Ont HAVEACOLT ONE BONUSES DUE ON ISSUES DATED BEFORE 1974 If you own unmatured Canada Savings Bonds dated prior toNovember 1974 you are entitled to special cash bonus payment on November 1979 Here are the eligible Series and the amounts payable per $100 face value Cash Bonus Pa able Series November 979 196768 822 $3250 196869 523 $2350 197071 825 $1675 197172 826 $1975 197273 527 $2025 197374 528 $2050 Holders of the Centennial Series dated Nov 1966 and maturing on Nov 1979 will receive at maturity cash bonus of $3075 perSlOO face value These cash bonuses which were introduced in 1974 increase the effective annual yield on the bonds to 102°o from September 1974 to October 31 1979 FINAL BONUS AT MATURITY In addition to the November 1979 cash bonus you will also receive final cash bonus ayrnent providing 0u hold these bonds to maturity With go final bonus your onds will continue toyield 1012°o to their maturity date Final Cash Bonus Payable at Maturity Series Maturi Date Per $100 Face Value 196768 522 Nov 11980 450 1968 69 523 Nov 1982 $1175 197071 525 Nov 1981 550 197172SZ6 Nov 1980 275 197273 527 Nov 197374 S28 Nov HOW TO CLAIM YOUR NOVEMBER 1979 BONUS Siran take our bond to arciiy bank or other authorizedyCana Savings Bon issuing ent As pzoof of payment theyII remove the upper eft rid comer and the bond will then be given back to you Remember you do not have to redeem your band or cli any of the interest coupons in order to get is cash bonus payment Starting October you can makeadvance arrangements to claim lyour special cash bonus If you act in October the aperwork in connection With the pa ent of the cas bonus will be done for you irnme tely and the transfer of funds will take place automatically on November YIELD INCREASED ON LAST FIVE ISSUES Effective from November 1979 the average annual yield to maturity on issues dated November 1974 to November 1978 has been increased to 104 1974751975 76 AND I976 77 SERIES Holders of these Series will receive the new higher return in the form of cash bonus payable on the maturity date of the bonds The ca 5h bonus increases the effective annual yield on these bonds to 1014 from November 1979 to maturity Here are the bonuses payable per $100 face value Cash Bonus Payable at Maturi Series Maturi Date 197475 529 Nov 1983 $250 197576 530 Nov 1984 $475 197677 531 Nov 1985 $8 To receive your cash bonus you have to hold your bond to maturity You can however continue to cash our coupons or interest cheques each year and st be entitled to the cash bonus l97778 AND 197879 SERIES Effective from November 1979 these Series will now yield 1091 interest for each remaining year to maturity With the increased rate of return holders of Regular Interest Bonds of these Series Will now receive an annual interest payment of $10250 $1000 face value each November beginning in 80 until the bonds mature For Compound Interest Bonds interest will now accumulate at the new rate of 1014 year This interest is payable when the bonds are redeemed or at maturity Heres ow the value of $100 Compound interest Bond will now grow 197778 Series 197879 Series Nov 1979 $11581 $10950 Nov 1980 $12769 $12072 Nov 1981 $14077 $13310 Nov 1982 $15520 $14674 Nov 1983 $17111 $16178 Nov 1984 $18865 $17836 Nov 1985 $207 99 $19665 Nov 1986 $22930 CANADA SAVINGS BONDS GREAT CHOICE New Canada Savings Bonds yield 101490 every year for years On sale October 9th