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Terrace Bay-Schreiber News, Wednesday, October 9, 1985, page 11 Mainstream A system to bank on HOUSE FOR SALE 307 Newman St., Schreiber 4 bedrooms, 1% Bath, Carpeting Throughout, Full Basement, Garage. Good Location, Price Reasonable Call 824-2869 after 5:00 p.m. FREE JEWELLERY OFFER Here's the fastest, easiest way you'll ever find to make extra spending money for Christmas shopping selling our world famous Tara Gem Creations is as simple as showing friends and neighbours the beautiful color pictures of New York Fashion Jewellery. You buy direct from manufacturer. We pay duty and ship from several outlets, located across Canada. Our low distributors prices and new fashions make selling easy. National Gem Company, Dept. - M-352, 323 S. Franklin Bldg., 60606-7095 Chicago, Illinois, U.S.A. by Tony Carlson If there is an image that bankers like to foster it is one of stability, of rock- solid foundations that in- spire enough confidence in folks that they'll drop off most of their pay packet for safekeeping every week. By and large, Canadians have that kind of feeling about their banks, and for the most part, the opinion is well founded. That's why the failure of one Alberta bank and the tottering of another have caused so much anguish. But if there is one good thing to emerge out of the recent collapse and the political backbiting it spawned, it is that the whole banking system has been brought into sharp focus in the public eye. If a hank collapse can ever come at a good time, this one did, occurring just as Ottawa is scrutinizing financial institutions. The Commons finance committee is in the midst of hearing reaction to the Green Paper on Financial Institutions which made proposals aimed at increas- ing competition and flex- ibility in financial services. These are admirable goals and should be pur- sued. But there are some 'lingering doubts as to whether the Green Paper is taking the best route through the forest. At its core, the Green Paper proposes a major rewrite of the federal rules to allow non-banks to.enter the banking business by setting up holding com- panies to provide one-stop financial shopping. Pusiness Directory Shoreline Insurance ii Brokerage Ltd. } I : 825-9492 Home ® Auto ®@ Life © Business Contracting Poured foundation, framing, insula- ting, drywalling, and taping, textured trimming, Kitchen replacement, alumium and wood siding. Plumbing ceilings, additions. window and Electrical. Call Guy Vanee 825-3676 renovating and cupboards, sundecks, FURNITURE & APPLIANCES South Court St., at Fort William Road 345-2307 Fri. 9a.m. to9 p.m. Closed Mondays. 30,60,90 Day No Interest Scotia Plan Available == FREE LAY-A-AWAY 3 "WE GIVE A CARE" Thunder Bay, Ont. Open Tues., Wed., Sat. 9.a.m. to 5:30 p.m. Thurs. & Gees Birch Motors Ltd. Gulf Twin Spot Restaurant " e Rib u Greyhound Agent pees Superior propane } p; ig Welding Supplies Sa Z Gulf Oil Agent Sitaber 824-2833 824-3300 SEPSIS Tilden Spadoni Bros. Ltd. Cars & Trucks, daily, weekly, monthly & long term leasing. Rent-a-car Service for a great vacation... > pr iM AER cee e THUNDER BAY TRAVEL : Your travel number Talk directly to | Northern Ontario's largest : travel company © 1-800-465-3939" ) The Petal Patch silks, fresh cut flowers, arrangements and plants 825-9321 SY ASS STEVE'S ELECTRICAL AND PLUMBING Specializing in Service Changes Rewiring & All types of Plumbing Commercial -- Industrial -- Residential 24 Hour Service 825-9240 Painting, Wallpapering, Trim finishing, Renovations, Plumbing Repairs FREE ESTIMATES Lloyd Snider Contracting Terrace Bay, Ont. 825-9468 after 5 p.m. There is much more to the-Green Paper; of course, but let's just focus on this suggestion -for the time being. On the surface, it seems the goals of more flexibili- ty and Competition. would be met. But, as the Cana- dian Federation of In- dependent Business notes in its response to the Green Paper, look a little deeper and more questions begin to surface. CFIB welcomes any move that will make it easier for small business to have greater access to money to build up the firm. But there is concern that these new holding com- panies would tend to locate in the major cities and con- centrate on large or medium-sized loans. Yet the great bulk of job- creating firms .aren't. in Halifax, Winnipeg, -Van- couver or any large city. And they don't seek mega- bucks when they go the bank for a loan. In fact, says the CFIB, the proposal could lead to even greater concentration of power in the hands of a few monolithic corpora- tions. What then of the small retailer or manufac- turer who, in many cases, is already finding it dif- ficult to deal with the large chartered banks? There is a worry, too, that one-stop shopping could lead to the unhappy situation in which Bank -X would refuse Joe Citizen a mortgage unless Mr. Citizen agrees to buy all his insurance through the bank. Changes in the sector are needed, but the answers to these and other questions surrounding the issues rais- ed by the Green Paper are far from clear. Until they are, no government should act in haste on reforms, no mat- ter how well-intended they are. For there will be no leisurely repentance. REALTY LIMITED Simcoe Plaza, Box 715 Terrace Bay, POT 2WO ' 202 Walker's Lake § OL D Nicol Island, Vacant Land This listing has come back to us for resale. This choice lot is located on the South end of Nicol Island, and has great potential for the couple with good taste. 606 Lakeview This is a home-to be seen to be appreciated. This home has a definite distinction of coun- try living. And only a few minutes from shop- ping and schools. Tastefully decorated, with a stone fireplace, hardwood floors, and a view of the lake that will take your breath away. 56 East Grove 4 bedroom bilevel, finished downstairs with attached garage. *86,900 107 Laurier 3 bedroom home close to schools... *56,900 Main St., Rossport, Ont. DID YOU SAY LOTS OF ROOM? Obviously lov- ed! But the owner can't take it with her. This lovely spacious home of a bygone era has all the endearing qualities of the past. Two baths, 5 bedrooms and more. GARAGE -- SALE 502 Lakeview Dr. Saturday October 12 . 10 a.m. - 2 p.m. Nicol Island This "Ad" is only for those who wish to start John's Texaco Your service centre for gas, car repairs groceries, milk & & towing. cigarettes. = SERVICE % Mon. to Fri. 7:30 a.m. - 9:00 p.m. MINI MART Saturday 8:00 a.m. to 7:00 p.m. Sunday Your Mini-Mart for 12:00 a.m: to 7:00 p.m. 825-9135 CALL NO CHARGE 1-800-465-3916 yg DAVID B. we LAMBERT INSURANCE AGENCIES 28 N. CUMBERLAND STREET THUNDER BAY, ONTARIO P7A 4K9 a fresh look in life. There is nothing like liv- ing on the only sub divided island in the Rossport, Schreiber, Terrace Bay area. Choice lots available, all roads complete, and con- struction on many homes has begun. Lot No. 6, Walker's Lake Living begins with a home you love. And you'll find this gracious 2 level split at Walker's Lake the perfect answer to your dreams! Opens on- to a lovely patio overlooking a landscaped lot and Walker's Lake. Seen to be appreciated. NEW BUILDING TO BE BUILT IN SIMCOE PLAZA. We will have 6,400 sq. ft. of office or store front space for lease. This space can be portioned to the tenants' needs. For further information or sketch call our office. Builder's Homes We have two brand new homes being built at the present time, price starting at : v Contact Juris Zdanovskis 825-9393 office 824-2933 home Local Agent for the North Shore