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l have had an op portunity to discuss this matter with Canadian economists, who like some of their US. colleagues. are not prepared to accept the traditional view that interest rates must be pushed increasingly higher in order to save a substantial devaluation of the currency of either country. In any event. however. our situation is unlike that in the United States and to When I first wrote to the Minister of Finance, the difference between discount rates. as established by the central banks in Canada and the United States, was 134 per cent. It is currently 1 per cent and while the dollar has weakened slightly, the decline against the U.S. dollar has not been as marked as expected. But this does not necessarily follow. The conventional wisdom of the Depart- ment of Finance is that if interest rates are not raised in Canada to correspond with in- creases in rates in the United States much needed investment capital would flow to the US. and our dollar would weaken. The Department of Finance is convinced that it is essential to curb credit and believes that the best way to do this is to make it extremely expensive. But. as I ex- plained to the Minister of Finance, as long as Canadians are aware that in a period of two years interest rates have in- creased 10 times. they will conclude that if they do not borrow or purchase today interest rates or the price of commodities will increase tomorrow. and accordingly the time to make a fixed-rate interest loan or a purchase is now. Those Canadian producers who cannot incorporate increased costs of borrowings into the price of their product faced, in my view, dif- ficult economic times and perhaps insolvency. Wage earners, because of the natural increase in the cost of living, pressure for higher wages and these as well are added to the cost of goods and services. I disagreed with his observations to me that increased interest rates would reduce the pressures of inflation and stated instead that higher rates of interest fuel inflation as the cost thereof was passed on to consumers in the in- creased cost of goods and services. During the month of August, I wrote two letters to John Crosbie. Minister of Finance, taking issue with the increase in interest rates established by the Bank of Canada and passed on by the chartered banks to Canadian consumers. The issues are in- creased interest rates, petroleum pricing and the Petraâ€"Canada matter. I propose to review my position on the first of these matters, and, as a result of space limitation, make brief reference to the others. MP-York North While I might have liked to report on my first impressions as a Member of Parliament. at its Opening. there have been three major issues which received a great deal of public attention, both over the summer and more recently over the past two weeks and 1 should comment on these. I The GAMBLE I REPORT C-6 â€" THE LIBERAL. Wednesday. October 24. 1979 By JOHN GAMBLE mERLE nORMHn‘ While I do not attribute my correspondence with the Minister of Finance with closing the gap between U._S. and Canadian discount rates as fixed by our respective central banking in- stitutions, it is enâ€" couraging to see that, at the very least, every US. interest rate increase has not been followed by a similar increase in Canada. The matter of “interest rates is certainly not a matter taken lightly by the current Parliament‘ If we follow the argument of the Department of Finance, we will inevitably be left. at some time in the future, with a substantial balance of payments deficit and will, in the interim, have laid out large amounts of interest in satisfying that in- debtness. What is required is a program, through tax incentives, designed to promote the investment in Canada by Canadians. It seems clear that to follow this course will simply be to postpone the day of settlement to that time when the new foreign investment is to be redeemed or interest paid thereon. I am in substantial disagreement with the Department of Finance with their preoccupation with the temporary remedy for our balance of payments deficit through increased foreign in- vestment, which ob- viously has a direct effect in strengthening the value of our currency. blindly answer that our By AILEEN ADAMS economies are similar and interdependent is a SHAKERTOWN, Ky. great error. Dollar â€" Sometimes, when valuations are influenced seeking a respite from by a number of factors what can be a worrisome including. in our case. the world one thinks â€" oh, to respect that the rest of the return to the tranquil world has for our natural days of the past, resources and our closer Of course, it is true the proximity to energy self« past had its own sufficiency than the tranquility but it also had United Stales- its full measure of In addition. with a troubles. government dedicated to There is one place‘ economic reforms with however, where the I“35PM! ‘0 PUbhc. ex‘ troubles have been erased penditures. international and the tranquility COnfidence can be allowed to remain. established for our own This is Shakertown, at currency Wlthom Pleasant Hillin Kentucky reference to the United _ high above the States innuences- nalieadm nf RnntIIr-Irv in For reservations. call Nordair at 961 Winmpeg o Dryden o WEEKEND EXCURSIONS ADVANCE BOOKING ('8' CLASS) SENIOR CITIZENS &*YOUTHS The Place for the Custom Face alas quoled move are sumac! lo change Mlhoul notice You belong aboard a Nordair.737 MONTREAL THUNDER BAY WINNIPEG Toronto to SAULT STE. MARIE DRYDEN Nordair expands it's service to the west with a new late evening departure TORONTO - WINNIPEG KING ASS) 45% on NDHDA IH Thunder Bay 0 Sault Ste. Marie 0 T0ronto - Montreal STAINED GLASS COLLECTIONS Breathtaking Beautymakers... Nevertheless, at her death in 1784 the 11 Shaker colonies established in the US. left as our present heritage such inventions as the flat broom, circular saw, washing machine (and Clothespinsl), the metal paint pen, screw propeller, the threshing machine, pea sheller. cut nails and the double- barrelled Shaker stove. Their leader to America was Mother Anne Leer We can now, rather cynically, believe that she made celibacy one of the first rules of a Shaker community because she had endured a wretched marriage and all her children died in their infancy. The Shaker community at Pleasant Hill is now of the frenetic shaking and whirling dances of their worship, the title became diminished to Shakers which they liked and used. The original group. formed in England in 1774, was a breakaway from the Society of Quakers. Derisively known first as the Shaking Quakers because Shaker history too, is almost as unusual as their practical achievements. It was the Shakers. for whom the town is named. that are looked upon. almost awesomely, by t o d a y ‘ s m o s t distinguished furniture designers, because the work they achieved was strictly utilitarian but of unusual grace. This is Shakenown, at Pleasant Hill in Kentucky â€" high above the palisades of Kentucky in the fertile bluegrass country about 25 miles south of Lexington. There is one place. however, where the troubles have been erased and the tranquility allowed to remain. Travel Rag. one way Think of red wine in a crystal goblet... or ribbons of colored light streaming \ down from high cathedral windows into the dusk...and you’ll have an 3' idea what these sheer, gorgeous ‘ shades are for... the new fashion faces of fall. The Stained Glass § Collections are three...a clear, pure red Crimson; a bright, sheer _ Fuchsia; and a rich,glossy deep violet. Come see how they look on you. $111 $116 $62 $61 $83 Shakerz‘o wn - in bluegrass country 4432 or call your travel agent Return $93 $167 $174 $92 $125 ,0) ,_ s, UQJ \ . \QJ’ Return $151 $81 $108 $144 $79 Today. the trustee’s office houses the dining rooms which are open to the public. Waitresses in period gowns _will serve you steak, combination fried chicken and country ham, or the Shaker dish of the day. The main course is accompanied by home grown vegetables and salads and village hot breads. For dessert one can have chess or lemon pie or a seasonal tart. then a beverage (alcoholic drinks are not known as Shakertown and is open as America‘s only historic village that offers overnight accommod- ation in original buildings. There are a number of gracious lodges with guest rooms furnished with reproduction Shaker pieces, handwoven rugs and handloomed curtains and bedspreads. Their ingenuity was great but probably their outstanding achievement was in architecture, much of which has been restored and is in active use. Micajah Burnett, a self- educated lad who joined the community in 1807 at the age of 17, was soon applying his gifts to a plan for the entire village and most of the major building. These buildings are architecturally beautiful, but also unique bec- ause. governed by the rule of celibacy. there are two entrance doors to each house. Within the house there are two Stairways in the centre hall â€" and that in the trustee‘s office boasts a twin spiral staircase. First settled in 1805, the community soon became an unofficial ex- perimental station with imported Bakewell sheep (still grazing there), Berkshire hogs and English Shorthorn Durham cattle. Although the Shaker community believed that farming offered a man a life of purity and sim- plicity, they developed the first hydraulic water system in Kentucky, used dumbwaiters in the dwelling houses, and built a miniature railway in the barns to carry feed to the stock. One way $61 $34 $34 Perhaps the greatest achievement of young Micajah Burnett was the meeting house where the community gathered for their ritual dances. songs and chants. The room in which these dances. which gave the Shakers their name, has a clear span ceiling of 40 feet by 60 feet. Two things contributed to the eventual break- down of the Shaker community. First. because of the practice of celibacy there was no second generation and the practice of adopting orphans failed. served because of county During the us. Civil laws). All this for under War [roops from both $10. sides plundered the gentle Perhaps the greatest village, demanding food, achievement of young horses, livestock and Micajah Burnett was the wagons. 'l‘he Naran Plan can help 3ou lose pounds of un- sightly fut right in your own home. This home recipe weight - control plan is easy to follow and («rats little. Go to your drugstore andask forthe Nuran Reducing Plan. 'lhc \\ hole plan is in- cluded in every package. The directions are right on the label. Pour the liquid into a pint bottle and add enough grape- fruitjuicetof'illthehottle. Take two tablespoonsful twice a day as needed. Take the vitamin supple- ment included and follow the low calorie weekly food menu. Your first purchase should show you a simple Naran home recipe plan takesofl‘ugly fat. The first years of a child‘s life are by far the most influential. He learns to walk, talk, think and act for himself. He ’ becomes an individual. It's at home that parents must decide exactly what it is they want their child to learn and how. Now, there's a place that can help parents make the learning process an enjoyable experience. A completely different type of store has opened to help you, help your child. It‘s a store In fact, some of the most important and influencing things a child learns, he learns at home. You don’t have to be in schoo to learn ' +ggzsgrgggai'c; '. '. . 4.96%“ ' Scholar's Choice Bavview leaoe Mall orouah ann Car-Hm easy way to lose bulky fat and help regain slender moregruceful curves: reducible pounds and inches of excess fat should disappear from nvrk. chin. arms. hips. abdomen. calves and an- kles. It‘you are not com- pletely satisfied with your first purchase just return the empty carton for your money back. Follow this easy way endorsed by many who have tried this plan to help bring back alluring curves and graceful slenderness. Note how quickly bloat disappears, how much better you feel. In 1961 began the reincarnation of Shakertov'vn in Pleasant Hill. as the Shakers preferred to call it, when a board of trustees for- med a non-profit organization. Open to the public for only the past 11 years, you can tour the buildings for More alive. youthful ap- pearing and active. Finally in 1910 there were only 12 sisters surviving and they deeded the property to a friend who promised to care for them. The last Shaker died in 1923. Bayview Village Mall Scarborough Town Centre Sherway Gardens Eatons Centre , Parent’s choice . . . Teacher’s choice . . Rates for ac- commodation for 1979 are from $24 to $35 US. double occupancy. Tour rates are $3.25 for adults. $1.50 for students and 75 cents for children under 12. Because some of the buildings are closed during the winter months. rates are progressively lower. Spring is earlier than ours, autumn is as colorful and winter more gentle. 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