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pg EE RE A OE Ln aE Gordon Favors Large, Juicy Tax Incentives OTTAWA (CP)--Finance Min- ister Gordon is on record as fa- voring tax incentive carrots that are big enough and juicy enough to make industry jump. For that reason, the industrial incentives generally expected to be unveiled in his first budget speech Thursday night may well be potent ones. Mr. Gordon has maintained the traditional pre-budget se- crecy ebout his plans. But the kind of incentives he favors are outlined in his 1961 book Troubled Canada--an out- line of proposed policies which has already proved an accurate predictor of the major econo- mic measures announced so far by the new Liberal government. The book proposed four tax incentives and mentioned a pos- sible fifth: 1, "Generous" depreciation allowances for manufacturing industry, permitting them to write off costs of new machin- ery and equipment at any rate they choose. As an alternative, this might be limited to pur- chases of Canadian-made equip- ment bought within a stated pe- riod. 2. Tax benefits for increased export sales, aimed at getting production efficiencies and lower prices through higher out- put. He suggested low tax rates --or none at all--on profits re- sulting from export sales in- creases above astated base period, 3. Tax incentives for new in- dustries or plant expansion in depressed areas. During the last election campaign, Mr. Gordon spoke of low-nterest government loans as an addi- tional way of doing this. 4, Tax measures to counteract some of the tax incentives held by foreign owners of Canadian industries, plus incentives to en- courage greater Canadian par- ticipation in the ownership and management of industry and re- sources in this country. Mr, Gordon has spoken strongly and repeatedly about the disadvantages of 'absentee ownership" of so much of key Canadian industries. But he has advocated a gradual approach, over 10 to.20 years, so as not to frighten way needed inflows of foreign cpital. | A fifth tax incentive men- tioned in Troubled Canada would be for individuals instead} of industry: measures to make} it easier for moderate-income| Canadians to save, accumulate capital and invest in their coun- try. The book said this would be "highly desirable, if it could be done without a serious reduc- pte ly tote king 6a be televise 9. During for thet W Week (or © identifying during reen $750.00 will be add dey wt bjects- 1 of 5 obj 0 Leto «1 gre availebl I areas within the 3 of every ew obje' § from 10:0 CFTO-TV, Box es, Oshawe, Fridey for custome' 5 spe play -- le in ell bounds! 0 a.m. to 2:30 p- "Blackout" the rs to view. e Entry Form ble facsimile). ces on reasoned! Loblew store. otified on u transportat at 4: five. from Newmarket, jon to @ Loblew stores of Metro te" Borrie. ch object ws PRICES EFFECTIVE JUNE 12, 13, 14, 15 m. on the hour of the 9, Agincourt, .m, on nd from th The winning tom all entries received tion in government re Mig Grand Canal Feasibility Study Urged water conservation and lake Jevel regulation in the Great Lakes system is being linked to the old vision of a canal system between the Ottawa River and Georgian Bay, via Lake Nipis- sing. Paul Martineau, mines minis- ter in the former Conservative government, this week placed a lengthy resolution on the Com- mons order paper calling for an engineering and economic feas- ibility study of the Grand Canal proposal. Mr. Martineau also urges that the federal government begin negotiations with the United States based on expectations that the next few days will see a growing demand to divert more water fromthe Great Lakes for such American uses as the Chicago sewage system. Diversions are supposed to be regulated in accordance with the need to keep Great Lakes water levels high enough so that St. Lawrence power and seaway installations are not affected. The Grand Canal idea goes back as far as Confederation, But the north-central Ontario groups which have pushed it to the front in recent years figure they have a new lever in a pro- posal to divert waters flowing north into James Bay south. ward into the Ottawa River and Great Lakes. This would be part of the canal project. Mr. Martineau was instru- mental two years ago in getting the Conservative government to make a new engineering feasi- bility report on the project, in- cluding the water diversion. However, it was based on en- gg data assembled dur- ig a 1904-08 promotion of the Grand Canal scheme. He now wants an engineering survey which will take into account ad- vances in engineering skills since then, In addition, the economic fac- tors have never been exhaust- ively examined. Apart from the water level benefits to the Great Lakes and St. Lawrence Seaway system, backers of the scheme belleve the Grand Canal pro- posal, even as a barge canal system, would spur industrial and resources development in northern and north-central On- tario. Mr. Martineau says that Eu- ropean countries and to some extent the United States have made far greater use of the canal potentials than has Can- ada where the only important canal system for freight today is the St. Lawrence Seaway. Mr. Martineau's resolution stands far down on the Com-| mons order paper but may) come up for debate this session if Parliament remains in ses- sion for three or four months ith @ break for # summer boli-/ STAMPS 2) EXTRA STAMPS 2) EXTRA STAMPS 2) EXTRA STAMPS ) EXTRA STAMPS 2) EXTRA STAMPS 2) EXTRA STAMPS 2) EXTRA STAMPS 2) EXTRA Ove Pechege Of 60 LOBLAWS RED LABEL TEA BAGS BLUE BONNET COLOURED Coupen Expires June 19 WITH COUPON AND PURCHASE Any One Peir BEAUTY SHEER WYLONS ul Coupon Expires June 19 'WITH COUPON AND PURCHASE One 16-02. Jor HELLMANN'S SALAD DRESSING U-1$ Coupon Expires Jine 19 WITH COUPON AND PURCHASE One 37-02. Phe. MONARCH TEA-BISK ahd Coupon Expires June 19 WITH COUPON AND PURCHASE Any One of 16 Titles GOLDEN LIBRARY BOOK OF KNOWLEDGE uU-23 Coupon Expires June 19 WITH COUPON AND PURCHASE One 9}-02, Jer CROSSE & BLACKWELL Branston Pickle U-27 Coupon Expires June 19 WITH COUPON AND PURCHASE Any Two 40's Phos. 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Jer SCHNEIDER'S CHIPFES-SEEF U.25 Coupon Expires June 19 WITH COUPON AND PURCHASE One 16-02, Jer BSREAD'N BUTTER Wethey's Pickles U:29 Coupon Expires Jung 19 WITH COUPON AND PURCHASE Any One Pkg. FARM HOUSE FROZEN CAKES U.33 Coupon Expires June 19 WITH COUPON AND PURCHASE Any Three 15-02, Tins SOCIETY Dog & Cat Food 27 Coupon Expires June 19 WITH COUPON AND PURCHASE One 1-tb. Son GATTUSO Thin Spaghetti U4 Common Expires June 19 WITH COUPON & PURCHASE 'Two Large Size HOTHOUSE CUCUMBERS U4S Coupon Expires June 19 This Week's "Blackout" Product Loblaws Pride of Arabia COFFEE Send in "Freshly Roasted" Panel from Top of Package With &ntry NEXT WEEK'S "BLACKOUT" PRODUCT JEWEL PURE VEGETABLE OIL STARTING MON, JUNE 17TH SEND IN LABEL FROM BOTTLE WITH ENTRY WITH COUPON AND PURCHASE One King Sine Pha, DETERGENT (Coupon Expires dure 19 EXTRA STAMPS beam al EXTRA STAMPS Ea al EXTRA STAMPS [etd all EXTRA STAMPS [adhd 2) EXTRA STAMPS Kad WITH COUPON ANO PURCHASE One 10-02. 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