Barrie Examiner, 7 Sep 1977, p. 19

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Wishes successor coura ge patience Grim ring OTlAWA tPi Finance Minister Donald Macdonalds parting words of advice Tues day for his successor had grim ring wish him courage and pa tience in what is going to be difficult period Macdonald told reporters in his office on Parliament Hill With the formal announce ment by the big bluff Ml from the loronto riding of Rosedalc that he was quilting tfie finance portfolio speculation turned to whom would replace him not as illustrated KRESFAIR BLENDED BLANKETS Warm blankets in blend of 47 polyester 47 and nylon in assorted colours Approx 72 mart Price Macdonald only 15 days away from his second anni versary as finance minister made no secret that he agrees with economists and business men that the economy is in rough shape Were in difficult economic circumstances in difficult spot and expect that to be so for some months he said Getting out now will give the next finance minister time to come up with economic policies of his ovm before general election he said to Big Macs parting words Some statistics show the problems facing Macdonalds successor July unemployment rate of 81 per cent of the work force or 878000 workers an official inflation rate in July of 74 per cent highest in year produclion in the national economy declined at 24 per cent annual rate between April and June leading to warnings from Statistics anada that the country is headed for reces sion and COLOUHFUL ALL COTTON acrylic BATH TOWELS Jacquard bath towels in soft ab sorbent Cotton ment of colours and patterns Ap prox 22 42 mart Price Cheery assort the value of Canadas dollar has fallen about 10 per cent in the last 10 nioiillis and is worth only about 91 cents US Inflation is expected to wor sen and unemployment is ex pected to increase as the winter inonf fis approach Jean thretien is touted as Macdonalds replacement The popular industry minister would be the first French anadian finance minister llut Health Minister Marc lizilonde or Robert Andras treasury hoard prcsufent also are repor ted iii the running Whoever gets the post will have to wrap up the job Macdtr iiald started when he became fi nance minister in Scplcnilwr 1973 getting the country out of mandatory pay and price coli trols Macdonalds estimate lucsr day was that controls he iin posed in October 1075 would be in effect for some time possibly until their scheduled expiry at the end of l£i7ti because labor leaders have Heres shown no willingness to accept voluntary restraint in return for an early end NO NIIW BUDGET Macdonald said if he had re mained in the job he would not have brought in new and stimulat ive budget although he Would have considered some in come tax cuts He has maintained that the effects of his March 31 budget which gave corporations $12 billion in tax cuts has not yet had time to effect economic conditions PLY YARN Macdonald brought down two budgets Like last springs document his May 25 1976 budget was conservative He revealed that he told Prime Minister Trudeau last Tuesday that he was quitting Ihe weeklong interval between the decision and announcing it was necessary to give the prime minister time to consider successor Macdonald said He is the third finance minis ter since Trudeau came to power in 1968 PHENTEX ELIT Phentex yarn in colours 7M MORE POWER TO YOUR SHOPPING SET OF EIGHT GRAND VIN WINE GLASSES Set of eight oversize wine glasses in gift box Makes geat gift 12 02 size wine glasses mart Price Elite ply twisted an assortment of 02 size balls Reg mart Reg List Price 247 Our Special Price SAYELLE KNITTING WORSTED Sayelle Orton Acrylic knitting worsted for great knitting results Asstd colours oz pull skein Regd TM mart Price the examiner Wednesday Sept 1911 19 Liddy at hearing Gordon Liddy arrives at tile federal building in Williamsport Pa to have paupcrs oath hearing Tuesday Liddy was due to be released from lianbury Federal Prison Wednesday after taking paupers oath Liddy has been im prisoned in connection with the Ialergate burglaries AP Photo Federal cabinet OKs agreement on pipeline terms llAl xtlr The federal cabinet has approved an agree ment negotiated last Week with the lnifed States that sets the terms for constructing north ern pipeline to move Alaskan natural gas to markets Announcement of the agree ment could come as early as lhursday after Prime Minister lrudcau meets with President artcr during Visit to Wash ington sources said Although reluctant to discuss what went on in the late afteiv noon cabinet innting Govern menl House Leader Allan Mailiaclien told reporters dont see any new difficulty that we didnt cover last Friday lie was referring to negotia lions he held with Energy an announcement maybe made within few days but that it will depend on the meeting be tween the two government leaders They point out that the presi dent has to make recommen dation to ongrcss and may want the agreement in writing But negotiations on the lan guage of the treaty still are in progress and it might be diffi cult to complete that work be fore lhursday PRIVATE MEETING lrudeau will meet privately with Carter at 930 am Thurs day while he is in Washington to witness the signing of new Panama anal treaty under which the US pledges to hand Panama control of the canal one by the year 2000 Secretary lanics Schlesinger to Under the agreement settle terms for the Slitbillion anada abandoned suggestions line through the Yukon British from advisers that the route menl had been reached that markets benefittml the two countries Instead the US will share They felt the terms could be the cost of additional miles of sold politically to the spur pipeline that will be legislative bodies in tittawa needed without that diversion and iashington iii the route The anadian government The agreement also provides tentatively approved the pipe for the Yukon to tax the pipe line in early August saying fi line to obtain funds to com iial ratification would depend pensatc thcterritory fortlie so on the negotiations with cial and economic impact of the Schlesinger pipeline President arier has said he Earlier reports to the Cana will make his pipeline choice by dian government urged it to im Sept to choosing either theta pose $200 million payment to iiadian route or an alternative compensate the Yukon proposal for line across The US opposed both the Alaska to the port of adc route change and the payment from where the fuel would be in the negotiations saying they shipped south by tanker would add to the cost of natural hivcrnment sources say that gas sold to its consumers ASH llS Come and tell us what youre looking for in job Tell us what you are today and what you want to be Brpss cptocur wall pangeg Solourful TIUITth flower tomorrow Ask us it we can offer opportunities and saucer hallent es to match our needs No obli ati SUdy Green wt pa oose rom estgn po ons on gzwfigiieiggn Flags 11 molded Plasticlile avg Red Yellow or Appoxk61 either Side We ll be glad to talk And we may have just 60 Cotton andy photo 8L ma price what you re looking for But you ll never know until Cheety Siflped bums Assorted lalches carry you wk pattern Package designs on pad hgpdxleb Agprox rox 38 pp 16 am cover ViSit our art Price It mart Price martrnce Mobile Recrunting Unit we WELCOME It MART rim HIGHWAY 27 It BhYFIElP ST OPEN MON BARRIE To Fill t0 AM to io°PM Your Satistactton Gudnntud 0r Money Churtulfy Reloaded not lost slogan BUT WAY OF LIFE oliiinbia and Alberta to the border BENEFITS IHIIII Both men said following the end of the talks that an agree from Alaska cut deeply into the Yukon making it easier to build spur line in the 1980510 move gas from the Northwest Ierritories to domestic Canada Manpower Centre Barrie 81522 28 Sept I977 SATURDAY TO 10 PM

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