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The Examiner is member of The Canadian Press CP and Audit Bureau of Circula Published dailytexceil tlons ABC only the Canadian Press may republish news stories In this newspaper Nwsnow ADVERTnmo mums 50M credited to CF The Associated Press Reuters or Agence FrancePresse and local Seen Finlay managino editor Len Sevicii manager Marian Gouoh accountant Mum and mm on bum In The Examiner Randy MCDOfllld City editor SALESMEN BCYgI WEEKLY by corner gfiflfifimufimm can 8523333 airfipmfid 90 cent The Examiner claims copyrioht on all original news and advertising material created Monday Nov 23 1917 serving barrlo and simcoe county WWW Mwmmorii Barb souiton Vikki Gram YEARLY by carrier °Y PW WWW WWW awfugW firm pm fivmrzcrahzm Copyright registration number 203615 register at Publish ad cc °° av MAIL Barrie arm ewsPapers ompany 5533 533372369 54660 National advertising offices as Queen st Toronto sumo uo Catricart 5t 16 Baytteld Street Barrie Ontario LAM 4T6 pm mi CLASSIFIED Linda Halkes asst manager swcogggoumv Montreal mm Rm mm °° The advertiser agrees that the publisher shall not be liable for damages arising out oi Eno Agosim pummher 23 Sign MOTOEJEsgclDFF errors in advertisements beyondfihe amount paid for the space actually occupied by oft rtisemen ln whi the ror rred whether such error Gnu ms Wm MCL PM PM ELSEWHERE CANADA J37 milemmaugfincé gt its servants or them1e ah there shall be no liability for 7266537 7266539 7266537 7282414 7266537 mm H°mm Pm m5 Y9 noninsertion at any advertisement beyond the amount paid for such advertisement deommitiConodien postal relies on slill the lot Queens park Valuable contribution By DON OHEARN Queens Park Bureau Thomson News Service TORONTO At first glance the establishing of select committee to uire into the iNCO layoffs would appear to pretty fruitless gesture Just what can select committee do There is no way it can make the world buy more nickel It cant force the company to keep on workers to add to stockpiles of metal which are already gorging And you cant see it coming up with any other answers for there really dont seem to be any So why spend probably thousands of dollars New policy isneeded Lowering the legal drinkin age to 18 was mistake This fact rests heavil on thoughts of our MPPs In the new year they wi sit down in the legislature to decide what Ontarios minimum drinking age should be Cold facts prove that lowering the drinking age was mistake The list of traffic accidents involving drinking teen agers continues to grow Alcoholism in young people is on the increase as is admission to treatment centres with alcoholrelated problems Dropping the legal drinking age to 18 has only helped kindle alcohol abuse countrys worst drug problem of wbtligerggfiy orig exercise whose of01in ap Dro ping the legal drinking age has brought alcohol in Daren is cosmetic one etting to the high school age bracket afiirmfiagmthcirggdbury area know that Its quite legal for student to consume alcohol during BROAD APPLICAMN On second thought however one can see where the committee well could make good contribution and perhaps valuable one This wouldnt be towards the INCO situation per se Nothing can be expected from it there and it would be blind optimism to look for anything and disservice to the company workers themselves to build up any hopes that something might be forthcoming But it is quite conceivable that through the committees considerations there could be benefits to the Sudbury area generallyand perm through the development of new secon industry Most all however the province at large could benefit in that in sense it is pioneering and probing into situation that has broad application LEARN LESSONS Sudbury is not the only community in the gfrtpvince to be strucig and fairly sudden lay In fact relatively speaking it is far from being the worst hit The economy being what it is and with the industrial trend towards more and more tech nology growing number of similar crisis developments probably can be expected in thcfuture Ahlpresent there is not much expertise in han mg these Our approach to sudden unemployment situations has been hitand miss Fraser not among those refusing to ask questions Smith At least that is one hope lunch break then return to school for afternoon classes Alcohol has to be taken out of this age bracket system that makes it le al for high school students to consume alcohol on schoo field trip is wrong It has happened Raising the age of consum tion wont solve the problem of teenage drinking re is no easy cure to the problem Its time for government to take responsible stand and provide direction firm and concerted effort aimed at educating the public about the dangers of alcohol abuse The first step is to get alcohol out of the schools down memory lane Parliament hill Dec 28 1964 Gasoline prices in Barrie have fallen once again to 12 cents below the normal level Regular gas sold at 309 cents gallon with high test going at 359 cents gallon Mild temperatures and heavy rain put damper on skiing in portions of southern Ontario proximately 7600 long distance te ephone calls were made through the Barrie ex change on Christmas day Barrie Knights rebounded from first period deficit to nip Penetang 52 in OMHA peewee play Brian Curtis fired two goals for the winners with Phil Favero Ken Bannerman and Your business Short By VINCENT EGAN Business and Consumer Affairs Analyst Thomson News Service Investors have less than month left to take advantage of some taxtrimming op portunities its possible under certain circumstances to rea financial advantage by selling secu rities ore the yearend However the year doesnt necessarily run to Dec 31 from the tax standpoint The de tment of national revenue takes the posi on that regular stockexchange ttirgiatrésaction takes place on the settlement Thats the date on which the money changes handsnormally five business da after the day on which the broker actua carries out your transaction Because the stock exchanges give them selves generous number of da off at the Christmas season the last day or buying or selling securities to affect our 1977 tax position should be Tuesday 20 That allows possible margin of safety For the first time this year the right to ex clude from taxable income 81000 of in vestment income is extended to taxable capital gains TAX ADVANTAGE we want your opinion Somethingon your mind Send us letter to the editor Please make it an original copy and sign it We dont publish unsigned letters although pen name will be used upon request Include your address and telephone number because we have to verify letters but we wont int your address should you prefer Weve ound that short letters are the best read Because of space limitations public interest and good taste we sometimes have to edit condense or reject letters Letters to the editor run Wednesdays and Saturdays Send yours to utters to the editor The Brominer Box 370 LBarrientIAM Ron Bobbette credited with singles Gait Hornets newly acquired leadership in the Ontario Hockey Association senior league was about to be put to the test against the Guelph Regals THEN IT COST Predressed geese were selling at 51 cents pound with predressed ducks selling at 49 cents pound Red Em ror grapes went at two pounds or 39 cents with coffee advertised at one pound for 89 cents Cooked hams were advertised at 55 cents pound with onepound packages of bacon going for 69 cents Taxtrimming opportunities Who are the investors who should consider selling securities at loss for tax purposes typical case would be the investor who realized large capital gains in 1976 and has no clear expectation of future capital gains says Wood Gundy Ltd investment dealers Capital losses that occur after 1977 cant be used to offset capital gaim realised in 1976 The rule is that half of capital losses realized in 1977 are deductible agath half of capital gains plus up to $2000 of other 1977 in come If the investor has realized no capital galm in 1977 allowable capital losses are still deductible against up to $2000 of other 1977 income In case where allowable ca ital losses ex ceed the amount deductible or 1977 they may be carried back one ear and applied to reduce 1976 incomethat against 1976 cap ital gaim net of allowablce 1976 capital losses plus up to $1000 of other 1976 income if this years capital losses are sufficiently large thaefore they may entitle the tax payer to refund of some 1976 income taxes CARRYFORWARD After 1977 capital losses have offset 1977 and 1976 income to the fullest ardent allowed any umscd capital losses may then be carried forward for deduction purposes in 1979 and future years Tern ting as taxloss selli may be remem rnottoputthecart orethehor se The investment merits of securities tramsctlon should always have priority over tax stra Rome too that the income Tax Act doesnt allow the deduction of su icial loss loss is defined as su icial if within so days before or after sale the same or identical property has been acquired by the taxpayer he taxpayers spouse or controlled corporation Nor can you deduct loss on dispostlcns made certain tnists of which you are the beneficiary such as registered retirement saving plans and registered home ownership savings plans These taxloss selling points rest on one assum tion that the tax rovisions proposed in the ederal budget of arch 31 and accen tly reintroduced into Parliament will be passed into law By STEWART MacLEOD Ottawa Bureau Thomson News Service There are some Conservatives who would prefer to st asking questions about the Royal Canad it Mounted Police but John Fraser is not ammg them Not by long shot Fraser is the 46 earold Tory MP for Van couver South ormer Crown prosecutor who has Churchillian toughness abou fight for what he thinks is right And Ill thinks party is absolutely right in going after the Liberals for their alleged lack ministerial responsibility concerning security services He is well aware that Prime Minister Trudeau and other ministers have beer highly successful in convincing voters that the terrible Tories are attacking the beloved RCMP and that many MPs are getting angry letters as result But it doesnt fri ten him one bit If am defeated on this it thats the way it will be But as long as the govern ment is wrong and they are in this case then will continue to attack them dont think its duty as an MP to get ugevery mornin an stick my finger in the to see whi way the wind of ublic opinion is blowing know what is ri and what is wrong ANGRY LETTER Fraser had just received letter from constituent who announced that after 20 years The world today By JOHN HARBRON Foreign Affairs Analyst Thomson News Service While Fidel Castro has chronic problems meeti his annual sugar production quotas fa Cu la est export his country will soon be the th la est shipping nation in the Western Hemisp re after the United StatesandBrazil The current Five Year Plan 19764981 will soon give Cuba in excess of one million dead welght tons of ocean shipping most of it comin from shipyards in nonCommunist count es According to Havana 11 countries outside the Communist bloc which has large ship building facilities are completing new ships flor the Flota Mombisa the state merchant cct Ting include Sweden France Norway the gnu Kingdom Spain Canada and Argen in Most of these ships are bulk carriers for the sugar Ent trade small in tonnage com wi aidesent world shipping standards lntegra into hrbas sophisticated and efficient bulk sugar export terminal system across the island Others like class of three 10000 dwt ocean talkers under construction in Canada meat different Cuban needs the export of ex ceaa refinery roducts from the three Havana rcflnerlesna onallzed in 1960 All of Cubas petroleum is imported in regular USSR tartar service between Black Sea rts and Havana and entirely in USSR pa on supply route that began in the summer of 1960 OUR SHIPS FOR FIDEL One of the three Canadianbullt tuners the Primero de Mayo is alreadv in service be as Conservative supporter he was jumping ship because of the Tory attacks upon the RCMP It was the type of letter that would drive many MPs into fits of apologies But there would be no apologies from Frasernot when he is convinced that his cause is just one He blasted back at his constituent with marein letter issue is whether or not the prime minister and the solicitorgeneral have aban doned their res mibilities over number of years by bland ignoring the fact that if we are to have free country under the rules of law even security forces have to be an swerable to the appropriate members if the cabinet Of course the prime minister wants you to believe that all we are trying to do is tear apart the RCMP of course the prime minister wants you to believe that we are all pack of naive fools who do not understand the complexities of security work am law and order man practiced in the criminal courts both as prosecutor and defence counsel For some years worked closely with RCMP detachments in British Columbia and have the most profound respect for the RCMP am neither naive nor in nuous but believe in the British princip that no one in the country is beyond the law Do on really believe that three solicitors genera in row never inquired as to how our tween Havana and Rotterdam carrying naphtha to European and British customers Cubas shipping needs therefore are pragmatic to substitute for foreign ships which must be chartered at high world rates over which Cuban shipping planners have no control The Cubans arent telling whether the cost of building their own stateowned ocean fleet during the 1960s and 70s has offset high char ter rates charged by world shipping con fcrences But Castros senior technocrats many of them educated in American and Eur ineerlng faculties and business so ools be ore the revolution know what they are doi example the Cuban ministry of the merchant marine and ports which ad mlnstcrs the new shipping program is under strict dare not to import the inflationary costs of capital equipment bought in the West into their Marxist economy Hence all contracts are fixedcost basis ndless of cost escalation in the various lpbulldi countries Cubas mfflng eet began toexpand early afta the ry of the revolution In the earl 1960s new ships were boumit under the re abricated shl classlflcatiom of the SSRandPolan But throu out the 19705 Cubas new ships whether bul in the Communist bloc or West ern Europe have been adered for specific nationalneeds Unfortunately this log fleet involves itself in the ideologies needs of Cubas big gloviet Union partner and of the Communist oc POLITICAL ROLES During the US naval blockade of North securi forces were operating re are times when it is the duty of Her Majestys Loyal Opposition to meet its obligations to all Canadians by insisting that government ministers not only understand their responsibilities but exercise them And Fraser went at to ask this particular con stituent whether he wanted an MP who would timidly sit silent just because the rime minister twists evades distorts an gen erally plays with public opinion to excuse the mess which is of his own making He didnt pull any punches BRITISH JUSTICE Dammit he says over cup of coffee if intelligent people dont fight on issues like this the country is going down the drain am well aware that our position is being distorted and that we may be running agaimt public opinion but this is an im rtant issue Just look at any state that has ost freedoms and you will see that at some stage in that process they tried to ustify uncontrolled police action 01a are grou it was necessary to protect the Fraser never uses the term civil liberties even when he is concerned about their protec tion The expression has been debased by the nitwits who get involved in causes he says we are talking about is basic British justice Thats something we all understand and for one am prepared to fight for it Cuba gaining recognition as shipping nation FIDEL CASTRO Vietnam in early 1972 Cuban bulk sugar carriers badly needed in the carrying trade were purposely included in the Haiphong blockade as measure solidarity against the United States Toda an even larger commitment of Cuban toms to the Angola millta sea lift interrupts the me of new ships for vital sugar placing politics before com merce wh ch the country cannot afford Also of course the committee might at at the real roots of unemployment this could turn into an immense contribution For nobody has done it yet Incidentally it is reassuring that former attorneygeneral John Clement is to be coun sel to the committee This is practically guarantee of excellence Canada story Amazing record By BOB BOWMAN The amalgamation of the Hudsons Bay Company and Northwest Company in 1821 en ded fierce rivalry The HBC appeared tqbe the winner as its name was retained but the Northwest Company left an amazing record of achievement Some of the NWC men were among the greatest explorers in Canadian history Alexander Mackenzie was the first man to cross the continent by land and also discovered the Mackenzie River David Thompson mapped 1700000 square miles of what now is Canada and the US walking snowahoeing paddling and riding on horseback Simon Fraser was the first man to run the river named after him one of the most dan gerous exploits ever undertaken by man Where the HBC men were inclined to stay at their trading posts and let the Indians bring their furs to them the NWC men blazed trails to the Pacific There were exceptions of course Robert Campbell of the HBC must be regarded as one of the greatest explorers One of the NWC achievements was the building of the canal at Sault Ste Marie Ont starting on Nov28 1797 after estab lishing post threre in 1783 when the American Revolutionary War ended There are dangerous rapids in St Marys River between Lake Huron and Lake Superior The canal ambled the furcarryin boats to use the route until it was destro by Americans during the War of 1812 Then it became necessary to ports boats on the American side of the river untl new In ercanal was completed route became important because of mini developments in the presentday Thu er Bay area Now the route with another modern canal is part of the scaway between the Atlantic Ocean and Thunder Bay OTHER NOV EVENTS lessCount Frontenac died at Quebec bible thought For whosoever shall call upon the name of the Lild shall be saved Rosanna 1013 Never underestimate the power of one sim ple ayer He is only call away and wait Father may the reader not only see theirneedbuthoweaayltiatobemehln Jesus name Amen