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Fady0ct12197o CIRCULATION WSIOO 7266539 7266537 the examiner Published by Canadian Newspapers Company Limited I6 Boytiold Street Barrie Ontario UM 4T6 Canada can help more Dr Robert McClure worldrenowned Christian surgeon who has devoted over half century of his life to work in the Third World recently told Barrie audience that Canada may suffer from social indigestion if it admits more than the pledged 50000 Boat People He has suggested instead that Canada which has money and resources beyond most countries give financial aid to other coun tries to help take refugees still needing new home We cannot ignore the words of this man His years of ex perience in the Third World have not only proven his devotion to the underpriviledged of the world but also his wisdom and exper tise in dealing with their particular problems Rather than suggesting that Canadians have done enough by admitting 50000 refugees Dr McClure has suggested that we redirect our energies helping other countries to give them home There are other parts of the world Guyana as an example that are willing to take immigrants but lack the financial resources With financial aid these countries offer good social and physical climate to the Boat People where they would be absorb ed easily We should participate in truly worldwide humanitarian ef fort by givmg the financial assistance to other countries so that the burden of responsibility may be shared by all nations each giving what it can Not again Not again The price of liquor wine and imported beer is going up again effective Monday Weve actually lost track of how many times this has happened in the past couple of years But its enough to drive man to drink if you can afford it that is As it is you likely cant Not with the price of some wines for example triple what they were couple of years ago The LCBO reason for the latest hike is the usual one increas ing cost to the board Maybe the government could defray some of those increased costs by cutting back on its $1 million day profit margin Thats unlikely of course and the consumer will simply fork out the additional amount for his favorite brand As fed up as some may be about the constant price increases one thing is sure about the LCBO You cant take your business elsewhere We wonder if it isnt time the Ontario government gave the people of this province taste of what it supposedly stands for Free enterprise and competition in dispensing liquor products Your business By VINCENT EGAN Business and Consumer Affairs Analyst Thomson News Service The link between interest rates and stock prices has never been clearer than it has been this month The recent recordbreaking increases in Canadian and US interest rates were reflected immediately and dramatically in sharp declines in stock prices and what is worse were accompanied by exceptionally heavy volume on the stock market Its an old axiom of the investment market that higher borrowing costs tend to depress the values of securities However the cause and effect seldom arrive as close together as they have this month Back in the 19205 there was classic example The US monetary authorities following the lead of the Bank of England in I922 caused the prime interest rate to be increased to 75 per cent from 45 per cent with vague explanation that this would stimulate international trade and thereby assist European countries in recovering from the effects of the First World War Instead it slowed the pace of economies everywhere helped to create unemployment and in time led to the stock market crash of 50 years ago this month HOW IT WORKS Increases in interest rates influence stock prices in number of ways Higher interest rates make it more expenswe for investors to buy securities on we want your opinion Something on your mind Sand Letter to the Editor Please make it on original copy and sign it The Examiner doesnt publish unsigned lot tors but iI you wish pen name will be used Include your telephone number and address as we have to verify letters Because of space limits public intorost and good taste The Examiner sometimes has to edit condense or reject letters Lottors to tho Editor are run Ovary day on the editorial page Send yours to letters to the Editor II Examiner Post Office Box 370 Milli 0M MM Stocks bonds hit as interest rises margin that is by borrowing part of the purchase price from the broker who holds the investors securities as collateral for the loan he extends to the investor They drive down the prices of bonds and debentures which because they trade on the basis of their current yield must go down if they are to provide higher return This prompts investors to sell their stocks and buy the bonds that have become cheaper and higher yielding High interest rates reduce corporate profits by adding to the cost of doing business in most cases companys earning potential is one of the key determinants of the value of its stock They put damper on economic activity generally Even in this age of inflation there comes point when the price of any product or service gets beyond the reach of people who would otherwise buy and the price of borrowing is no exception COSTS T0 RISE If you are an investor the stock and bond quotations have already shown you how in creases in interest rates can affect the state of your finances Whether you are an investor or not you will feel the impact on almost any major pur chase you may make Lets say you are planning to buy new car partly on credit You will be shelling out substantially more in interest on the unpaid balance whether you arrange the loan through the car dealer or through bank Chartered banks have increased their prime lending rate to 1375 per cent from 13 per cent but the prime is preferential rate reserved for the banks best business borrowers And its quite possible that the car dealer will boost his asking rice or reduce the dis count he offers in or er to cover the increase in the interest he must pay on the capital he borrows to finance his inventory of cars for sale The same process with variations in detail applies to the purchase of houses pliances home entertainment equipment an the like There are other more efficient ways to fight inflation but apparently we refuse to accept them bible thought He that believelh on the Son tiatri everlasting life and he that believeth not the Son shall not see life but the wrath of God abideth on him John 336 Here is description of what can be and what must be The choice is ours as to what it will be Choose ye this day whom ye will servc im Po enoen us CARIBBEAN TASK Fairer Parliamen Hill By STEWART MacLEOD Ottawa Bureau Thomson News Service Well didnt win the throne speech pool this time around perhaps because didnt give Opposition Leader Pierre Trudeau enough credit for originality had mistakenly chosen him to be the first op position MP to mutter the traditional words The throne speech is as notable for what it doesnt say as for what it does But the former prime minister said nothing of the sort Instead he criticized the throne speech on the grounds that nowhere do we see the idea that the nation is more than the sum of its parts Thats not bad at all couldnt find similar quote from an opposition spokesman for the last nine throne speeches Incidentally it was Bob Rae the New Democratic Party finance critic who kept the traditional quote alive this time He was the first MP to masterfully recoin the phrase The throne speech is as interesting for what it doesnt say as for what it did In 1977 the honor went to John Diefenbaker before that it came from the lips of Alvin Hamilton Lester Pearson used it back in 1962 just two years after Jack Pickersgill made similar declaration The phrase goes back to George Drew and in all probability Arthur Meighen NO MYSTERIES The utterance of the phrase has become unique Canadian tradition and trying to predict the bearer of the tidings is one of the few remaining mystery games of the House opening There are certainly no mysteries left in the speech itself except perhaps trying to guess the number of words required to inform us we are lucky to live in such wondrous country For time back in the 19505 there were some wild rumors that the opposition might find something com pliementary to say about the throne speech but it never materialized And it probably never will It was different back in the days when the throne speech was businesslike outline of the govemments legislative program Amid all the pomp and pageantry of the official opening the govemorgeneral and ac casionally the Queen would outline the governments legislative program for the coming session The speech had enormous significance and hundreds of journalists would dissect the document sentence by sentence And although the throne speech has ceased to provide detailed description of the legis Iative program it has become sort of inspirational stateofthecountry address we still perform verbal autopsy on every wellwom word But deep down we all know that even if the throne speech contained the original Beatitudes an opposition spokesman would say it was more interesting for what it didnt say than for what it did say SIMILAR WORDS All the distinguished guests attending the opening ceremony nodded approvineg when the GovemorGeneral reminded us of our backgrounder Executed Iranians preperty By RICHARD WALLIS TEHRAN Reuteri The property of Iranians executed since the overthrow of the shah everything from sumptuous Persian carpets to the dead mens shoes is up for sale in Tehran While firing squads continue to shoot those branded by Islamic authorities as the cor rupt of the earth buyers scour warehouses for bargains and souvenirs from the belongings of supporters of the monarchy The shoes can be picked up at small illa where hastily scrawled sign over the door reads In the name of the most high Sale of second hand clothes for the benefit of the foundationofthedeprived Ine welltodo can buy carpets chan great cultural diversity My ministers believe that the way to build whole nation is to respect our individual parts and you will be invited to consider measures to build upon the diverse regional and cultural strengths of Canada Two years ago when the Queen read the throne speech there were approving nods when she reminded us to appreciate to the full the great good fortune of living in country favored by nature and so enriched by its cultural diversity In fact this new throne speech with his emphasis on rights freedoms and opportun ities of individual Canadians was in many respectsy similar to the Just Society speech which opened Parliament 11 years ago From the legislature By DEREK NELSON Queens Park Bureau Thomson News Service TORONTO Anyone who works at Queens Park will simultaneously hear two stories about the governments fiscal restraint policies One tells how tough they are and how at budget time the cutting scissors leave the Treasury halls awash in bureaucratic blood The other is about how this is all so much jive how easy it is to get around restraint and how shuffling papers rather than doing real work continues unabated The truth seems to hold little of both Views Correctional Services Minister Gordon Walker inadvertently illustrated that in speech he gave recently to southwestern Ontario service club His intention was to point out what superb job of restraint he and senior staff did in his ministry Faced with $34 million budget overrun caused by rising costs and increased workload they buckled down to find ways to make upthe difference CUT COSTS As fiscal conservative how could possibly expect taxpayers to swallow $34 million expenditure overrun when have consistently opposed increased government spending Walker asked his audience Especially since most in this province are getting by with less making financial sacrifices in their famin and personal lifestyles Why shouldnt govemment deliers furniture paintings and antiques on show at the former Tehran international trade fair Organizers took in $140000 on the first day of the sale TAKEN FROM SlPPORTERS None of the goods on sale belonged to the shah who was ousted in February revolu tion Rather they came mostly from the houses of his executed supporters like ex preniier Amir Abbas Hoveyda whose pipe collection and familiar walking stick were to be auctioned Young armed guards standing watch over the warehouses full of valuables claim either to have arrested the former premier or to have been in the firing squad which executed him in April COMPOSINGROOM Tho Iarria laminar In member ol the Canadian Pms CF and Audit luneA oI EDITORS ADVER TISING BUSINESS Juk Kern Mum Published dolly except Circulation AIC Only the Canadian Frau may ropubltsh rim stories In this Croia Elton monoclno editor Len Sevck manooer Marian Bough accountant Gun uni mum Sunday and an Almkmd Im Stan Diazonlls city editor Delve Mills Don Saunders statutory holidays and local now norm oubtihod in TM Iorrlo Examiner Int McFrIone wire editor SALES VikklGfUnf Lame WEEKLY um REPOETEBS Wayne Hay Connie Hon Claw 95 can Iholarria laminar claim copyrighl oncllortginol nmwmniun material Hing bum and mm coumy gansstiifiu Jean Bass away YEARLY by my nomad by omployool and pooliihod the mom tlncyoiiecueroa garb agulton Rio Gails BY Copyright rogistration number moors rogtstorol ori alyin elepc arr Tony Ponocci Peter Clark cm CULATwN itinfefim 940 swam that raw mu not 37 for comm Richard Thomas Bill Hollies manager SIMCOE COUNTY errors In rtilornonts oomountpa almmfly occu Bruce R°wand pubfisher Stephen Gauer CLASSIFIED Steve White assistant manager $3900 by thatdpwtiorzhal tho gdyorthornont in which tho ror or to on no t53°a°°m° $533£l°°°° MOTgfngtRovszF rammzcrwam Wham AI Hanson toreman ye Cathy Heather Janice Morton Lisa Wany munmom M3 095 Elaine Burton EondN as oreman ELSEWHERE IN CANADA Tho Publisher servos tho right to odit ruin cloulty or but on Mt 7266537 72824 7266537 CherylAiken L003 moot So with all the surprises eliminated from the throne speech but with couple of hundred oumalists still turned loose on its trail we ave to pass the time somehow And this is how we come to learn that for the first time since 1970 the word gracious is used in relation to the Royal Family its the first time in 11 years that Trudeau has failed to wear rose in his lapel and its the first time in living memory the Speaker was late in opening his bar And its the first time in history that an NDP member has nosed out member of the official opposition in uttering those immortal words about the throne speech being more interesting or whatever for what it doesnt say than for what it does Fiscal spending can be trimmed So it was done the money being located in such areas as better use of manpower elimi nation of 18 positions deferring equipment purchases and even swapping reusable plates for disposable dishes Well and good Yet it doesnt seem to have struck Walker that if he and senior staff could find $34 mil lion extra in the budget to meet unexpected expenses then the budget was $34 million too high in the first place OTHERS T00 That just highlights the twinheaded nature of restraint It exists but it has long way to go The fact they were successful leads Walker to conclude that if Correctional Services with its high fixed costs and limited dis cretionary expenditures can do it so can other ministries Very true But will they do it Without push It was the pressure of events that forced Walker to haul out the pruning shears People in any large organization build empires but unlike the private sector govemment bureaucracy does not suffer the selfdiscipline of having to make profit By its nature then government is under weaker control from its managers up to and including the cabinet level than private concerns SACRED COW This is true regardless of how many civil servants approach their work as more than just job and have genuinededication to the tasks they perform up for sale Old women in black veils Sill through pile of womens underwear part of the property Islamic revolutionary tribunals ordered confiscated when it sentenced those associated with the monarchy Not all the property belonged to executed people Some came from the houses of those who managed to flee the country or were jailed One ho ewife wh with ta lecloth satid IsIliirieodulfioiilevlgi bblllV clothes there They belong to the dead and it brings bad luck she said wedding dress hangs from nail high on wall No retums accepted one notice says The world today Soviet offer token move By JOHN HARBRON Foreign Affairs Analyst Thomson News Service The offer by Soviet President Leonid Brezhnev to reduce the Soviet troop strength in East Germany by 20000 men and withdraw 1000 tanks has received mixed response from key NATO leaders Part of the reason for this is his parallel proposal that the major NATO nations also reduce their deployment of mediumrange nuclear missiles throughout Western Europe The occasion was the 30th anniversary celebration of the founding of the Communist dominated German Democratic Republic the proper name for what we casually call East Germany The German Democratic Republic and the Federal Republic of West Germany are armed camps for the troops in the ap propriate military blocs Russian in the East American in the West There are about 300000 Russian troops in the German Democratic Republic complete with their substantial support services weapons transport all assisted by the substantial half million men of the Soviet trained East German army itself TOTAL FORCES ARE HUGE Add the joint air and naval forces of the USSR and its tough German satellite and NATO faces the major concentration of Communist bloc military forces in central Europe But the rejection of Brezhnevs offer by President Carter as well as by the leaders of Britain and West Germany is based on concern that it is meant to weaken the Wests tactical missile strength in the NATO framework The reduction of 20000 troops from massive Soviet military presence of 300000 could be token move by the Soviets given their already large military presence in East Germany What Brezhnev really might want is the reduction in the growing spread of short range tactical missile which could wreak havoc in any Sovietsatellite invasion from the East It is true the Soviet leader also offered to reduce the number of mediumrange nuclear weapons in the western region of the Soviet Union only if the NATO allies would do the same in Western Europe Nevertheless there must be some dismay among certain levels of Western disar mament specialists especially the ones who have sat in Vienna literally for years waiting for Soviet move of this kind Indeed much of the stalemate at the long and frustrating talks on European disar mament at Vienna have resulted from Soviet refusal to discuss major quid pro quo on arms reduction Now Mr Brezhnev has offered one whatever his real motives and his nitiative is already falling on unwilling ears in Bonn London and Washington major reason for suspicion of the Brezhnev proposal is the general weakness of NATO in all kinds of weapons and military forces compared to those of the USSR and its Eastern satellites OUTNUMBERED IN TANKS In conventional forces such as battle tanks the Russians and allies outnumber the NATO alliance nations three to one And the longanticipated new Soviet battle tank was unveiled for the first time during the 30th anniversary parade of the German Democratic Republic Would it be included in the tank reduction offer by Mr Brezhnev Very unlikely Interpreting the news Heads fight against IRA By BRUCE LEVETT LONDON CP Sir Maurice Oldfield the former head of British intelligence has moved quietly to Belfast to take up one of the Ioneliest jobs in the world The 64yearold bachelor will live from now on 24 hours day in forbidding Stormont Castle From there he will coordinate Britains struggle against the Ir nifnfbj8sICAN Army Already there has been criticism of the move by which Prime Minister Margaret Thatcher elevated the former spymaster to the top security post above both army and civilian forces Roy Mason secretary for Ulster in the former Labor government says the ap pointment is mistake in that it will un dermine the authority of Humphrey Atkins the new Conservative secretary Sir Maurice will report exclusively to Atkins The arrival of Sir Maurice should dispel the once p0 ular view of the IRA man as dan gerous uffoon in cloth cap with pint of stout in one hand and an automatic pistol in the other The appointment underlines the fact that the IRA today is better armed better trained better financed and skilfully led Peter McMullen the IRA detector now on the run in the United States said recently that the newlyemerged leaders of the IRA have increasingly attracted arms money and training facilities from the Palestine Liberation Organization and its Libyan bankers McMullen has said the new command structure of the IRA is based directly on Communist guerrillatraining techniques shared by the PLO Prof Jonah Alexander director of the Institute of Studies in International Terrorism in New York savsl The IRA provos are stubborn lot They dont want the Palestinians to do the job for them But they do depend on them for arms and for planning the technical coordination in their political assassinations