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CIRCULATION 7266539 NEWSROOM 7266537 the exa Published by Canadian Newspapers Company Limited 16 Bayfield Street Barrio Ontario LAM 4T6 Elio Agostini publisher ADVERTISING 7266537 cuissmms 7282414 All should help cause of unity Appeals from the Parti Quebecois to other Canadians for better understanding of their position might be point well taken But there appears to be good case for the same Quebec spokesmen to do the reverse and try to under stand what other Canadians are facing as well The main emphasis is usually given to language bar riers with relatively little said about the economic side Much has been said about federal assistance to Quebec with the taxes levied against the province often ignored The fact of the matter is every province is paying more taxes to the federal government than it receives in monev But his would be disregarding federal services including such vital concerns as national defence Canadas international position and of course Parlia ment and the Senate themselves Soaring federal taxation with national spending having more than tripled during the past decade has affected people of all provinces There is great concern among taxpayers about the mounting federal debt which is now taking some $5 billion year of the recordhigh $451 national budget for the current fiscal year It must be remembered too that substantial portion of the national budget is spent on social services which benefit great many Canadians in every province Ordinary people from the Atlantic to the Pacific in this great country of ours have so much in common that it is difficult for many to understand those who have been ac tive sewing the seeds of national disunity Our democratic system based on British traditions pro vides adequate means of taking up grievances by proper constitutional methods It makes political talk about breaking away from uni ty which has been carried on for 110 years difficult for most ordinary Canadians to understand Moves such as the Destiny Canada conference aimed at getting together and settling differences in fair and open manner with equal rights to all fully merit every en couragement The strength prosperity and unity of all Canada is vital to the future wellbeing of the people of Ontario and that of every other of the 10 provinces That is the only way for just society down memory lane FIVE YEARS AGO IN BARRIE The Examiner July 14 1972 Work is well underway by city crews on the new docking facilities at the Barrie Marina Barrie Jaycettes were rated the most outstanding unit in Canada at the National Jaycee Convention held in Calgary recently An inspector from the Ontario Fire Marshalls of fice will investigate fire at the old Lefroy arena recently which took 30 volunteer firemen from Lefroy and Stroud two hours to extinguish The provincial government wanted to know why the city is rejecting commercial development program on Bayfield Street The Barrie planning board voted to have George Gray city planner re search formula for rezoning so in By IEI EGAN Business and onsuiiier Affairs Analyst Thomson News Service From the beginning of 1978 change in the tax law will mean that investors will receive better net retum from stock dividends The change will create definite in ceiitive to acquire dividend income as up posed to interest income according to finan cial analyst Stacey of Merrill Lynch Royal Securities Ltd Another analyst Winsor Pepall of Wood iundy Ltd says that the tax changes taken together with provincial tax changes will make dollar of taxable dividends from Canadian corporation far more significant in 1978 than in 1970 and will focus iii creasing investor attention oii highquality equities with attract ive yields The changes that were introduced in Finan ce Minister Donald Macdonalds March 31 budget and are now before Parliament defy simple explanation But the key facts are that the grossup of dividend income will be increased from Li per cent to 50 per cent next Jan while ete fectivc last Jan the federal tax credit was reduced to 75 per cent of the grossup from 00 per cent because of tax points given up by the federal government to provincial gov ernnients IIIGIIER CEILING alculations by Wood Guiidy Ltd indicate that the maximum amount of dividends that manied shareholder with no other dcpcn dents could receive before attracting any in come tax was 818850 In 1978 this tax threshold will increase to 335250 For single person the taxfree diVidend income ceilings would be $15500 in 1970 and $29600 in 1978 These calculations assume that the tax payer takes the standard dividend and iii terest deduction of $1000 standard medical stitutional developments might be permitted in industrial zones Alex Arthur of 14 Marion Cres ac cused Mayor Les Cooke of using mere string of empty words in commenting about his deputation to city council that Formosa Spring Brewery was overloading the citys Sewage system Barrie Lumber jacks upset Orillia Majors 52 in the South Simcoe Baseball League game at the Barrie Fairgrounds Ruth Edwards and Jim Hayes won the Barrie Tennis Club singles championships at the Queens Park courts Barrie CoOps hitting power catapulted the team to the top of the Barrie Major Fastball League standings with 74 win over Yanch Heating new bridge on the sixth line of Essa will be opened soon it was announced Tax bite smaller on 1978 dividends and charitable deduct ion of $100 and per sonal exemptions indexed at rate of $318 on the applicable 1973 basis Dividends will have an even greater after tax advantage over interest income than at present For an investor with combined marginal top tax rate of 46 per cent dividend yield of eight per cent was equivalent to an interest yield of 1091 per cent last year is equivalent to 1100 per cent this year and will be equivalent to 12 39 per cent in 1970 RISK FACTOR Whether the additional tax benctit of dividend income will be great enough to lure many conservative investors out of their holdings of bonds and guaranteed invest ment certificates remains to be seen since the may well have originally chosen such lll vestments because of an aversion to the risk of stock ownership For them an acceptable compromise may be preferred shares which togctliei ih slight dowiitreiid iii int crest iatesi could ac count for the strength in preferred stocks generally during the past few weeks Granted cvcn prelerreds carry measuri of risk ot principal if interest rates were to rise again preferredstock prices would be likely to go down For those investors willing to accept the greater risk and volatility of common stocks however its possible to acquire some equities with yields that are high now and will be worth even more in 1978 and beyond all things being equal lwo common stocks on the Toronto Stock Exchange were trading recently on yield basis of more than 15 per cent while dozen others were selling to yield more than 10 per cent The average yield however on 114 dividendpaying common stocks was just un der six per cent iotxlquality corporate bon ds currently yield in the range of nine to 10 percent miner serving barrio and slmcoe county BUSINESS 7266537 Bill Curran county editor Bill McFarlane wire editor Rolf Kraiker photographer POR TE John Bruce Poul Dclenn Richard Dunstan Pat Guergis Scott Hnskins Sheila McGovern Sue Routlitte iowwm JUN MMlvwwMDHmlIVWW Parliament hHI By STEWARI MacLEOI Ottawa Bureau Thomson News Service Considering the sensitivity of the situation not to mention all that Premier Rene Levesque has said about preserving the democratic process am surprised that the Quebec goveniment would take any short cuts on its controversial language legislation leehnically of course the democratic process is not being shortcircuited but it could easily appear that wayand that is almost as bad It certainly gives opposition members of the National Assembly an op port unity for their day in court When you can make mockery of parliamentary rules youre heading down the road to dictatorship declared Bryce Mackascy the former federal cabinet minister who now helps form the official op position in Quebec What the Parti Quebecois government is doing he said constitutes flagrant attempt to circumvent parlia ment ary procedure What the government did do after hearing By JOIIN IIAKBKUN Foreign Affairs Analyst Thomson News Service The longestlasting guerrilla war is in Eritrea the coastal province of the huge African republic of Ethiopia which is de termined to be another independent African state It is bitter and ruthless war like all the African struggles of this kind but unique in that it is African against African instead of against reluctant colonial power which is slow to leave The Critrcan guerrillas have been fighting for separation fmm Ethiopia since 1965 when the latter country was still an empire under the longlived and autocratic Emperor Haile Selassie lnlike nearly all other African territories which have become new countries Eritrea is not automatically considered as newnation prospect by the fellow members of the Organ izal ion of African Unity This is because major part of an existing African state is seeking separation but it is also because Eritrea has always been ac cept ed as someone elses tenitory even under colonial rule Lyall Johnson Barb Boulton Dana Graham John Zarecky CLASSIFIED Ruth Blals supervisor Lesley Young Freda Shinner Karen Atkinson Peggy Chbpoll NEWSROOM Apvgansuuo BUSINESS Dave Honshaw managing editor Sevick mmager Marian Gough accountant Sean inlay city editor SALESMEN Betty Armer Randy McDonald sports editor Gaynor Dorothy Bowland Gall Mc Parland Vikki Grant CIRCULATION Jon Butler manager David Jenkins asst manager Stew Royce Judy Hickey Alva LaPlonte Elaine Porter Morg Scortt 62 briefs on its famous Bill One was to an nounce that the legislation was being with drawn and replaced with similar oncBil 101 Its perfectly legal procedure under House rules and the government is not obliged to hold any public hearings on the revised bill Its an exceedingly effective measure in cutting off committee hearings And it prob ably doesnt seem as heavyhanded as closure But with 200 organizations still lining up to present their views to the govemmeiit its surprising that Levesque would agree to this procedure If there is one thing he has been consistent about since assuming office it is his call for patience and respect for the of tenslow democratic process in reaching major decisions When he talked about the forthcoming referendum on Quebec independence he has repeatedly emphasized the need for totally honest clearlypresented appmach There must be no dishonesty in something that af fects the entire future of people he has said The region was conquered by ltaly in the st rugglc for African colonial empires and changed into nsp0tttlll aiid modem European colony on the Red Sea Asmara the capital city now in the hands of the defending Ethiopian army though sur rounded by guerrillas was once an Italian style model town in East Africa MlSSOLINI MODERNIZEI During his short war against Ethiopia in 193435 Italian dictator Benito Mussolini used Eritrea as his military base in East Africa as did the British during the Second World War when they captured it from the Italians The British administered the former colony until 1950 when federation with Ethiopia took place under United Statesinspired United Nations plan Emperor IIailc Selassie annexed the province because it gave his large country its only seacoast And when llaile Selassie was overthrown by his leftewing army the Erit rcan guerrillas now formed into semianiiy status were to suffer as much from the new socialist regime as from the former emperors harsh army Yet another paradox in the Eritrean guerrilla war is that Marxistoriented forces ELSEWHERE IN CANADA akuwmm up Published daily except Sunday and statutory holidays Subscriptions WE EK LY by carrier 90am YEARLY by carrier BY MAIL Barrio National advertising ottices 65 Queen St Toronto 8641710 640 Cathcart St StMCCE COUNTY Montreal $3650 MOTOR THROW OFF 3390 year $3950 year V0ss Tone softening in Quebec with revised language bill Well most Quebeccrs now tee there are few more pressing issues than those language billsrwhethcr they support the concept or op pose it And its odd that the Levesque government would even risk leaving the im pression that public discussion was being cut off With some relatively minor changes the present language legislation in Quebec has existed for 110 years and another few months shouldnt be too long for the PQ government to wait Oniy 20 days of hearings had been devoted to Bill lite and while many of the presentations were becoming repetitive it wouldnt hurt the elected representatives to list en just bit longer TONE II BED Apart from mere appearance the ad ditional hearings could have proven more constructive than many of their earlier pre sentations new understanding of the language legislation seemed to be developing The English protests were be coming less strident and there were fewer suggestions of mass exodus Eritrea guerrillas seeking separation from Ethiopia on both sides are light mg each other The Eritreans who may have as many as 25000 men and women under arms are equipped by the Soviet Union from its Arabian base across the Red in the Yemeni Republic The Ethiopian military who are fighting them are also receiving Soviet weapons in abundance after the United States dropped its armssharing agreement with the country The prospect of two opposing African Marxist armies within the same country fighting each other also takes away some of the ideological thrust offered by an African war between progressives and im perialists as in the struggle for freedom of the former African possessions of Port ugal All this does not detract from the deter mination of the Eritreans to be free in their hot and largely barren region nor of the Ethiopians to hold on to it as their essential maritime frontier But the war will go on because of the even balance in the forces facing each other and from the supplying of weapons to either side by the Soviet Union from its south Arabian naval base The Examiner is member at The Canadian Press CF and Audit Bureau of Circula iions ABC Only The Canadian Press may re publish news stories in this newspaper credited to CF The Associated Press Reuters or Agence France Presse and local news stories published in The Examiner The Barrie Examiner claims copyright on all original news and advertising material rented by its employees and published in this newspaper 650 Copyright registration number 2038 register 61 The advertiser agrees that the publisher shall not be liable for damages arising out of errors in advertisements beyond the amount paid for the space actually occupied by that portion at the advertisement in which the error occurred whether such error is due to the negligence ot its servants or otherwise and there shall be no liabllltY for non insertion at any advertisement beyond the amount paid tor such advertisement v1tltgttnvynwc Defence cut stirs row in Britain By BRUCE LEVEIT LONDON British Labor party commit tee report advocating defence cuts of 115 billion $27 billion is causing debate and dissension within the party and to some extent within the government itself Opponents say the proposals if fully im plemented would reduce Britains nuclear deterrent and air force and slash one onehalf the countrys army contribution to NATO for ces in Westem Europe The cuts also would result in an upsurge in unemployment they add The committee appointed by the partys national executive and including two cabinet ministers spent three years studying defence costs and suggested the government has these options Phasing out of the Polaris nuclear sub marine force paying off four major Royal Navy ships cutting the Army of the Rhine to 30000 men from 55000 and cancelling two versions of the Tornado multirolc combat aircraft AFFET POLICY leftwing party members hope the recom mendations will influence govermnent defen ce policy but sources close to the situation say Defence Secretary Ircd Mulley is unhap py with the document and likely to oppose it at the partys national executive committee meeting later this month Rumblings of opposition are being heard from service chiefs NATO allies and the op position Conservative party In support of its proposals the committee says the current level of expenditure is placing an unacceptable drain on the economy and that Britains contribution to NATO is unjustifiany higher than that of other members Reduced spending the committee argues would make positive contribution to lessening international tensions and may therefore actually increase international security DISMISS ES IEARS The report says it seems unrealistic to fear that the Soviet Union with burdens in Easteni Europe would wish to compound these problems by taking on the additional problems of conquest of Western Europe Defence cuts it says might contribute to policy of emphasizing cooperation rather than the hostile elements in East Wesi relations The depth of dissent within the party itself is indicated in the introduction to the report which expresses regret at the relative lack of cooperation from the ministry of defence in preparing this document At one stage the report says without giving names differing views were expressed about the various options considered Canadas story Border parks mark peace By BOB BOWMAN For many years politicians used to emote about the 4000 miles of undefended border between Canada and the United States Perhaps the day is coming when they will be able to describe 4000 miles of international peace gardens In recent years international parks have been created at Peace Portal the border be tween British olumbia and Washington and at Campobcllo Island in the Bay of Fundy close to Maine The island was President Franklin Roosevelts summer home The movie Sunrise Over ampobello is occa sionally seen on lat enight television starring among others the Canadianborn actor Hume Cronyn One of the finest international parks was opened along the ManitobaNorth Dakota border on July 14 1932 it covers 2200 acres and there is plaque that reads God and His Glory we two nations dcdicat this garden and pledge ourselves that as long as man shall live we will not take up arms against one another The park includes black walnut trees from the estate of George Washington and shrubs from the home of William Lyon Mackenzie King at Kingsmere Que In 1939 the governments of anada and the US spent an additional $250000 to improve roads and trails and to build bridges cabins aiid bathing beach Another outstanding international park is at Waterton Lakes on the AlbertaMontana border It covers 1754 square miles and is called WatertonGlacier Intemational Peace Park OTHER JULY EVENTS HS The French and Iroquois signed the Treaty of Three Rivers liitliilberville captured British ship near St Johns Nfld l751krrM0iitcalm captured Oswcgo NY and took control of Lake Ontario I700 77 General Murray left Quebec with 2500 troops to attack Montreal ITSEFAlexander Mackenzie arrived at the Arctic Ocean after trip down the Mackenzie River lamRock slides at Tape Diamond Que took several lives bible thought For the word of God is quick and power ful and sharper than any twoedged sword piercing even to the dividing asunder of soul and spirit and ot the joints and marrow and is discerner of the thoughts and intents of the heart Hebrews 12 If you have ever thought of the word of God as being dull better run this through again Read it with great profit share it with con fidcénce My word will not return unto me v0i