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iii 7f Shopping at the produce section in Barries first No Frills Loblaws Store is Myrna Cunningham of Barrie She was one of the first few customers in the store which opened Thursday Examiner Photo Selection smaller than conventional store No Frills opens doors By NANCY lIGUEROA Of The Examiner Bagging your own groceries paying for those bags and hav ing only 400 items to choose from are just some of the com ponents of the No Frills Loblava Store that opened Thursday in Barrie The store officially opened by David Nichol president of Loblaws Ltd is Canadas Loblaws very interested in opening Super Store here David Nichol president of Loblaws Ltd has message for Mayor Ross Archer Loblaws wants to purchase at least 80000 square feet of land in Barrie for the construc tion of Loblaws Super Store Tell the mayor that if we can find site in Barrie wed be very interested in building Super Store here he said At 80000 square feet Super Stores are 10 times larger than conventional Loblaws stores and offer about 10 times the number of grocery Super Stores Loblaws newest tactic in the grocery war are among the largest grocer stores in North America and perhaps the world Frills Store At Bgyfield Mall branch Green Machine comes here By RICHARD THOMAS Of The Examiner The Green Machine Toronto Dominion Banks automated Officially opened at the banks Bayfield Mall branch to day it is the first in the Barrie araa according to spokesman teller machine has come to Barrie Toronto Dollars and Sense Good bets gyjiwith high rates By RALPH ALEXANDER an Dear Sir Is there some way to profit from the skyrocketing interest rates FS Dear There are several methods of profiting from rising in terest rates ranging from conservative to outright gambl ing However to try to implement them this late in the in terest rate cycle would be using the Maginot Line Mentality This approach leads one to also plan the next war based upon the facts of the last war tThe First World War was fought in the trenches therefore in preparation for the Se cond World War the French constructed some very im pressive concrete trenches and bunkers all along the FrenchGerman border Unfortunately Herr Hitler used tanks rather than bayonets as his primary offensive weapon and the Maginot Line was quickly circumvented All was not lost however the concrete bunkers apparently serve ad mirably as chicken coopsl Having dispensed todays history lesson we can get on with the present situation The fact of the matter is the war of rising interest rates is about to end Within the near future interest rates will be in to fall and tremendous pm tit opportunity will be avai able These interest rate turn arounds only come every four or five years so dont miSs it There are many ways to profit from falling interest rates again ranging from relatively riskfree to extremely speculative For now lets look at one of the safest vehicles available GOVERNMENT OF II BONDS Earlier this year the Government of Canada issued at $1000 bonds maturing in the year 2004 and paying coupon of $105 annually to yield 10 per cent Willi rising interest rates the market price of bonds falls to produce yield which is competitive with prevailing interest rates pre sent the market price of this bond is about 3915 providing an arithmetic yield of almost 11 per cent When interest rates fall the value of this bond will increase dramatically For example if you bought this botid today at $915 and held it for one year then sold it you would experience the following returns Assumth Interest Value of Capital Interest loiiil Icrcciitagc Rate intlct 1980 Bond tiain liamctl Return Return 10 per cent 1000 85 105 190 208 imost likely scenarwi 1105 190 105 295 372 per ctnl 1235 320 105 125 165 The risk involved in this investment is that interest rates do not fall but continue to increase in which case as long as you dont have to sell the bonds at further depressed price to make your mortgage payments you can content yoursell witn earning II per cent interest on as secure an investment as any investment denominated in terms of pa per currency with the banks head office in The tendency to convert investments that dont work out into Iongterm holdings is in general illadvised In this case an exception is probably warranted in that competing in vestments such as stocks and real estate are not likely to perform very well until interest rates decline items in regular stores Nichol was in Barrie Tuesday and today for the official opening of Loblaws seventh No The Green Machine provides extended banking services to Toronto Dominion customers and is designed to alleviate the pressures of peak traffic periods in the branch To operate the system customers can use either special Green Machine card or Toronto Dominion haigex card with Green Machine privileges Access to savings and chequing accounts as well as hargex account is available as well tiistonicr can also withdraw cash lap to daily maximum limit make deposits in cash or by cheque transfer funds bet ween accounts even if they are at different branches obtain thargex cash advance seventh No Frills Loblaws Shoppers will notice severe drop in the variety of available groceries Nichol told The Ex aminer 1n regular Loblaws stores shoppers choose from about 8000 items and large fresh meat section At No Frills stores only 400 items are of fered and meat departments are nonexistent 400 ITEMS The 400 available items are composed of Loblaws 400 best selling grocery items at the lowest prices in town said Nichol It isthe absence of meat department that is most bother some to No Frills shoppers he said Most people dont mind paying for bags or packing their own groceries or the lack of price stickers on items but no meat to some that is upsetting Nichol said however the suc cess of No Frills stores proves many people are willing to make two trips to complete their grocery shopping if theyll save money Meat departments are los ing propositions because they are so labor intensive said Nichol Thats why we dont have them at these stores The Loblaws grocery store that used to occupy the site of the new No Frills Store Bayfield Street north of Cundles was real loser said Nichol That store was never suc cessful he said For the last several years weve lost money at this location Although he didnt know how much money the new store would make in its first year he said We expect to make money in this store overnight REGULAR BLSINESS As well as making money in the new store Nichol doesnt expect to lose money at the regular downtown Loblaws location Youd be amazed at how lit tle an effect it the No Frills store will have on the downtown store he said No Frills stores are definitely here to stay but that doesnt mean conventional grocery stores will ever be annihilated said Nichol Different consumers have different needs he said For shoppers who are looking for the best values No Frills stores will attract them He said however most peo ple will continue to shop in con ventional stores Car sales dropped despite new models DETROIT AP Dcspite the introduction of new models sales by US auto producers fell 66 per cent in midOctober compared with that period year ago automakers said Wednesday Chrysler Corp accounted for half the decline Its sales were 24 per cent less giving the com pany 93 per cent of the domes tic market for vehicles built in the US Managers from six countries Foreign visitors at DeVilbiss I1 SIEIIIIIN ItIIIIIS Of The Examiner Icilbiss Manufacturing managers from six countries visited the companys ana dian headquarters in Barric carlicr this week as part of an annual company conference Representatives from Brait Mexico the LS England France and Germany toiircd the Barrie plant Monday and met to discuss cnginccriiig cxr pertise said Doug loorhousc Ieilbiss tanada manager o1 manufacturing engineering iloorhousc said this is the iirst Illllt the torcign managers have met in aiiada The isit to Barrie coincides with the plants 251h year of operation here he said Sharpe aiiadian marketing ittpltltltlll took dclcgalcs on tour Tuesday of ticld installations ll Ilciliiss automotive finishing itlllllillltlll Icilliiss manufactures paint compressors finish bak ing ovens and other paint comp ment Ioorhouse said the tour lucsday was to explain llll Harrie approach to new pro ducts and markets The group including Barrie rcprcsciitiitivcs trawlch to company headquarters in lolcdo Ohio tulncsday The basic purposi of the an iiual conference is to create understanding and lcilbiss through awareness of Bert Popp vicepresident of DeVilbiss Canada explains the operation of the Barrie plant to Gary Ia iiula cturi ng throughout the Moorhouse world said Noble and Bruce Maison from Toledo Ohio The two Americans were among 12 foreign DeVilbiss Seminar held here Industry told it too can conserve energ By LORI COHEN Of The Examiner Massive energy conservation in industry can be just lcw light bulbs away or as near as fresh coat of paint ac cording to Ontario Hydro officials Only tiny group representing small industry in Billllt was on hand Tuesday night to hear concrete suggestions on how to reduce large fuel bills and save energy while still us ing traditional forms of energy such as oil and gas Working from the assumption that there will be no signit cant change in our energy consuming habits in the near future despite the development of alternative forms of energy like solar Roy Durham Ontario Hydro energy con servation specialist in Toronto and Walter Hoogendyke ot the Georgian Bay regional office in Barrie offered simple solutions to what they term the chronic problem of wasteful heat and lighting in industry Highly recommended in industry are point light sourccs such as mercury vapour metal halide and sodium rather than fluorescent because their lighting is more direct Fluorescent lights particularly on high ceiling end up lighting the walls as much as the work area Durham says Although the initial cost of point lights is greater than fluorescent up to $60 compared to about $2 each the reduction in heat and electricity bills justifies the higher cost Durham says lights are one of the most inefficient energy sources around An ordinary incandescent bulb our basic light source produces only 12 per cent light compared lo 88 per cent heat Lights used after their specified life expectancy arc wasteful Durham says You pay for light that youre not getting he explains The meter doesnt know Dirt on walls windows and the light fixtures lllITlStlt absorbs light reducing efficiency he says He also recommends cutting down the amount of light lll corridors and aisles making sure lowhanging work lights are directly above working areas and painting walls and floors light color to absorb light Hydro makes the following temperature recommcnda tions assembly and machine shops 60 to 65°F olliccs 70°F washrooms 68°F Hoogendyke says air conditioning should never go liclmi 78°F Temperature reduction during unoccupied hours is also urged He notes the greatest water in temperature regulation oc curs when cooling and heating systems are fighting each other Although in theory the two should never be on at once it happens regularly Industries are often the victim of poor design Durham says It costs less intially to install inefficent lighting and heating but this is false economy because companies pay heavily for it each month he says Ontario Hydro has been conducting workshops on energy management for larger industries since 1974 and began catering to smaller concerns this year Levesque throwing party Hydro plant Opening Saturday LA GRANDEZ Que CPi rockwalled vault where the lpiiiaca the examlnor Friday Oct 26 1979 Walter Hoogendyke Ontario Hydro energy con servation specialist at the Georgian Bay regional office in Barrie demonstrates how thermostats should be used to minimize energy waste at special workshop on energy management Tues day night The workshop was designed to help small industry reduce energy consumption and save money Examiner Photo rivers are twine throughthedamsonthcmighty capabilities Rene Levesque is throwing party here Saturday at the LG hydroelectric dam 1000 kilo metres north of Montreal Saturday is the day the Que bec premier pulls the switch sending tons of water through turbines at North Americas biggest hydro generating plant and the plant is only part of the even more immense James Bay power project In reality James Bay elec tricity has been moving south to Montreal in spurts since the start of the month so that HydroQuebec the govern mentowned utility can test its transmission lines But this weekend is when it starts flowing permanently More than 200 invited guests from as far away as Saudia Arabia and China will be flown up from Montreal for the day to watch the ceremonv in the This includes manufactur ing executive contacts produc tion capacities and capabilities turbines will spin into action Millions more will watch special television broadcast to be beamed across Canada and to Europe by satellite The TV viewers may be more comfortable than the people on the site it was snowing here Wednesday three days before the big show Winter begins early in the Quebec north UN HlllIIIIJSIIUW Snow or not the 1500 con struction workers remaining on the LG2 site have been invited to watch live musical show Saturday and to hear speeches by the premier and HydroQue bec officials About 150 journal ists will be on hand to record it all Special dinners are planned at all work camps including the sites where the aniapiscau Eastmain and cxchange of ideas intcr changcability of materials and engineering expertise diverted to increase the flow La Grandc River Another look Revolution manufacturing managers to visit the Barrie plat earlier this week as part of an annual company conference Examiner Photo preached It Itllil$tiltlllltltl Theres ncwspaper called hurch Watch that has just started publication Published in Toronto by ititciis for Foreign Aid Reform Inc the publication is the product ol three years of research the paper explains What they are concerned about is the vay in which major churches have been infiltrated by Marxists Few people are awarc of what has been going on in ths respect But its llllt un fortunately that violence and revolution is now openly prcach cd by many wellmeaning churchmen And some of them arent so innocently wellmeaning in other words they have dclibcratcly gained voice for ommunism and varicty of cx trcinc leltwing positions under the guise ol supporting op pressed Third World peoples Their way of supporting such oppression is tosupply money to Alrican terrorists Such money is of course collected from trusting members of the congregation With the bland assurances that the money goes only to buy food and clothing and so on That is absolute baloney The World Council of hurches is supportwl by the four major establishment churches in tanada and it is Ilirough the World toiincil that active terrorists Ill Africa are lundcd As Toronto Sun editorial pinted out itict Ill 1078i The truth is the World oiincil ol hurchcs is dominated by the church in East Europe And that churchi is dominated by tho Soviet lnion and the KtiH thc linanciir and arms supplier tor the iirroiists lhc tbtistian church has blood on its conscience Ill Rhodesia And throt years ago right hcrc in Horror wi had lir yril Iowlis former missionary addressing scininar ol church ministers saying such things as Jesus sidtd with the poor against the rich which statement even to my poor knowledge of the Bible is slander to what Jesus actually 0x Plaincd when he said Render unto taisar etc lowlls then made his real point if siding with the poor means sup porting revolution cvcn violcnt revolution then so be it Whatever happcncd 1o Thou shalt not kill and Turn the other check lr Iowlcs But apart from that dont you recognize the ltll wing rmolulionaiy virulenti Ill such iiili liiistian con rcpts ItlSIl Illtlti llIthiS Thurch Watch on its front page also cttes some most disturb ing things some church leaders have been saying Ifnder the headline Get church out of politics get politics out of church the paper reports that Canadas five major thristian chur chesthrough their largest and best financed political lobby in Canada took the following political stances They condemned the present economic oriIir and those it ho control it lor thcir own binctit In other words llll con dcmn capitalism and the entire system ol western govern niints The government should change the tax svstcm to bring about greater redistribution o1 wtalth What they really mean is the government should own everything just like om munismti Canada should admit more Mantis llttlgltH lrom Shilcand Argentina The government declare moratorium on major rcsource development in the North Wis Territories iThat intans main ly dont let anyone drill for oil there or otherwise develop basic industry Puzzled about that one Well you sii thats the fom munit line stop anything that will help to make the West stronger and will help to raise Iiiing standards All lhiwi inli West stances were originally cvpoml Ill The litholii ltfLihPI for March 131 lth which papcrobviouslv diil Iiuil itiliiiit