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NEW ORLEANS (CP) -- Lay- ing Canadian policy firmly on the line, Trade Minister Sharp said Tuesday his government is determined to reduce Canada's huge current-account deficit and this means reducing the heavy adverse balance withthe United States. "In other words, Canadian producers must enlarge the dis- proportionately small share they now have of the North American market," he said in a major speech to the amiual lconvention. of the Farm Equip- ment Institute. The problems of both coun- tries are serious, he said. "But there the similarity ends. Except that they are both causing great concern, the ex- ternal economic positions of our two countries are as different as chalk is from cheese." Canada was the world's larg: est debtor nation, The U.S. was 0: up to $3,090,000,000 a year, Canada's' defitit had averaged about $1,000,000,000 a year over iRe last 11 years. These deficits had been financed by large im- ports of capital. Mr. Sharp said the American problem is that its big surplus has not been equal to the enor- mous volume of investments and aid abroad, The result was a big tcrease in foreign hold- ve! Larger Share Sought In N. America Market urging that ail Canadian secur- it'ss--not just new issues--be exempt from the proposed U.S. tax on American purchases of foreign stocks and bonds, "It is difficult for us to un- should be imposed upon the i ovement of United States ca) ital to a country like Cana ings of U.S. dollars and somejrise to the tax proposals," he gold losses. Canada sympathized with this U.S. problem. and the desire to check the gold outflow. In fact, the' minister said, said. "To put the matter bluntly, Canada has been contributing to|termination to reduce the cur- 1S. reserves in recent years. He said he made this point be-/mum and to work towards the|4P cause it "'seems to be assumed in some quarters" that the flow|surplus and beginning to of U.S. capital to Canada has been one main cause of the U.S. loss of gold. rent account deficit to a mini- point where we are running a off our external obligations. 2. BUSINESS SPOTLIGHT which is in-no way responsible|ter is going dee ; d fa > for the difficulties that gave|for storage facili ¥ ton|tnch pipeline from the. succes The Crown: is catving big storage caverns lout of a broad salt layer that west-central Saskat- runs from the threat represented by the chewan to the southeast part of proposed interest equalization tax has reinforced Canadian de- petra bry & Gent of more the dinner table, runs close to pay Regina and Saskatoon, the big- gest centres in the province. TO MAKE VISIT The corporation feels it is sav- ing money. Mike Allan, chief Storage Caverns For Natural Gas derstand why this penalty| With field near Swift Current, 175/Unity, Sask. ern is to miles west, which supplies this city. : Twelve inch pipeline costs ¥ lad peggy Aonmgh ey dt Fortuitously the layer, made|miles, the cost would be $7,000,- of the type of salt used on/000, E the Melville cav- ave @ Capacity of 000,000 cubic feet of Tentative pen call for the gina one to have a 600,000,000 In recent as desi; ineer. for thejcubic feet capacity. the world's largest creditor n8-'cona4a has been contributing|, LONDON (AP) -- The Prime Cicer oud of the cav-| Winter natural gas consump- His car plunged down a 20-foot tion; its international assets! pout $25,000,000 a year to help|Minister of Ceylon, Mrs. Siri-/ern now nearing completion|tion in Regina runs up to 60,000,- ney , |were growing year by year. the U.S, meet its deficit with|mavo Bandaranaike, will makejnear Melville, 80 miles north-|000 cubic feet a day. incline and over two sets of |niwninG BIG DEFICIET _|other countries. an official visit to Russia Oct.least of here, will be about $900,-| The SPC says an industry: raijway tracks but he escaped | "While the U.S. has been run-| Mr. Sharp said this explains) 21-29. The plans were announced|000. Work has just started on wide problem for years has uninjured, (CP Wirephoto) |ning a current-account surplus'why Canada feels justified in'by Tass mews agency. another cavern near Regina and|been the movement of natural MISSED HIS BOAT Mr, Sharp said that in effect, A handcuffed sailor is plac- ronto, Gilbert Gareau, 27, of ed into an ambulance after Concord, Ont., was atempting fighting with police and rail- to reach his ship before it way employees following a car accident in downtown To- sailed from Toronto harbor. j A LUCKY GREEN STAMPS CAN BE REDEEMED FOR SIMPSONS-SEARS MERCHANDISE CERTIFICATES AT YOUR LOBLAW STORE Seca eae Sr SST OOS SAR. Simpson's and Simpsons-Sears merchandise .certifi- cates at Loblaw's Stores. One book of Loblaw's Lucky Green stamps is worth $2.00 in Simpson's and Simpsons-Sears merchandise Sreriantey + is worth $1.00 and + book is worth Cc. HERE'S HOW IT WORKS: by specict Grrangement with Simpson's and Simpsons-Sears, it is now possible to redeem your Lucky Green stomps at Loblaw's for merchandise certificates which can be used for purchases frony any Simpson's or Simp- sons-Sears Store or Mail Order. Catalogues are available for reference in all Loblaw Stores. Loblaw's Lucky Green stamps can only be exchanged for lO EXTRA STAMPS I) EXTRA STAMPS [had di EXTRA STAMPS [ited THOUSANDS OF GIFTS TO CHOOSE FROM AT ANY SIMPSONS-SEARS STORE OR BY SIMPSONS - SEARS CATALOGUE This arrangement is in addition to Loblaw's regular ift redemption plan through which Loblaw's Lucky reen stamps may be exchanged through the pres- I) I) EXTRA STAMPS mh EXTRA STAMPS di EXTRA STAMPS dy EXTRA STAMPS dh WITH COUPON AND PURCHASE One 23 fi. os, Bettie SHAMPOO SILVIKRIN WITH COUPON AND PURCHASE One 16-08. Phy. SHOWY BLEACH aca | BRYLCREEM Coupon Expires Oct. 9 EXTRA STAMPS I) EXTRA STAMPS dy EXTRA STAMPS di EXTRA STAMPS di EXTRA STAMPS I EXTRA STAMPS WITH COUPON AND PURCHASE One 24's Pkg. REGULAR Coupon Expires Oct. 9 One 48's Bottle BAYER TABLETS 'WITH COUPON AND PURCHASE One 16-08 Across! Tin SPRAY STARCH REDDI STARCH STAMPS [eae Coupon Expires Oct. 9 | EXTRA STAMPS [thd di EXTRA STAMPS di "WITH COUPON AND PURCHASE One 20-e2, Tin & D. SMITH CHERRY PIE FILLING Coupon Expires Oct. 9 di oe BRITTLE Coupon Expires Oct. 9 PINK BEAUTY SOAP Coupon Expires Oct. 9 MIRACLE WHIP STAMPS fenhd Coupon Expires Oct. 9 2) EXTRA STAMPS 2) EXTRA STAMPS Gikmad 2) EXTRA STAMPS [bead STAMPS di EXTRA STAMPS [had di EXTRA STAMPS di fred FRUIT CONSERVE STAMPS [ona WITH COUPON AND PURCHASE 'Two 15-00, Bile, & D. sMITH KETCHUP Coupon Expires Oct. 9 WITH COUPON AND PURCHASE "s a NUGGET CHEDDAR CHEESE ebeal SHOE POLISH Coupon Expires Oct, 9 s . ee Oct. STAMPS [bowl Coupon Expires Oct. 9 di EXTRA STAMPS di EXTRA STAMPS A EXTRA STAMPS (hid di EXTRA STAMPS ki EXTRA STAMPS 3 Frait Marmalade Coupon Expires Oct. 9 WITH COUPON AND PURCHASE One 8-cx. Tin CROSSE end BLACKWELL WUT ROLLS One 9-00, Stl, LAZENBY CHEF SAUCE SARDINES Coupon 'Expires Oct, 9 GROVE PuRE MAPLE SYRUP Coupon Expires Oct, 9 pete STEW DOG FOOD. Coupon Expires Oct. 9 Any Twe FRESH CANTALOUPES Coupon Expires Oct. 9 One 3-1b, Bag FRESH CARROTS « Coupon Expires Oct, 9 One 24-02. Pkg. PARSHIPS uo Coupon Expires Oct. 9 Coupon Expires Oct, 9 Coupon Expires Oct. 9 STAMPS