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The Windsor Star from Windsor, Ontario, Canada • 24

Publication:
The Windsor Stari
Location:
Windsor, Ontario, Canada
Issue Date:
Page:
24
Extracted Article Text (OCR)

TTTt V- 1 a T- 1 'rr 14 The Windsor Star Wednesday, August 3, 1977 Theprovince Massive change said only way left to halt inflation would require massivechang-es in the financial system, a sharp reduction in the nominal rates of interest and perhaps a degree of control of prices gnd wages that is quite unacceptable," His remarks were made in a GENEVA PARK, Ont. (CP) Inflation it addictive and has extremely unpleasant withdrawal symptoms, the director of tho Institute of Behavioral Science ut the Universit Kenneth Boulding it of Colorado says, Boulding said in- combination of public enterprise and privute finance and should encompuss an ideology of tolerance. He said he was optimistic that Canuda would hold together us country, udding he ulwuys has felt "that if Canada could exist, what couldn't." lie referred to the diversity of Canadian society as "something straight out of Gilbert und Sullivan. tht today's Cloiilfiod Mellon. On that first told morning, you'll bo glad you, dldl Havo tor to mII? Call J55 3ML ing where they have been successful und quite catastrophic where not, us in lie said uny new radicalism should include emphasis on productivity und know-how us the principal sources of production.

It needs us well a strophic for Cunada. "Stable Inflation Is something thut a society cun adjust to, and indeed, thut we have udjusted to." He wondered whether a new radicalism was in order, "The old radicalisms, such us Marxism, huve turned out to, be extremely disuppoint ing Conference in this community in theOrilliu area. About 200 delegates are attending the five-day conference that will explore social and economic aspects of Canada's future. Bouldipg said accelerating inflation is the real danger because it would be cata flation likely will persist and that, to stop inflation now speech Tuesday to the open ing session of the Couchich Interest oh Ontario debt doubles TORONTO (CP) -Inter-est payments on the provin-cial debt have more than doubled over the last', four years to $1,069 billion in 1977 from $477 million in 1973. Ontario's financial state ment, issued Tuesday, shows that the total provincial debt, including borrowing on behalf of Ontario Hydro, totalled $15,187 billion this year, compared with the 1973 level of $8,333 billion.

The statement said the highest component of growth in the provincial debt was borrowing on behalf of Hydro. That accounted for 22.5 per cent of the uverage unnual rate of growth of the debt from March 31, 1973, to March 31 ofthis year. The statement said almost half of the 1977 borrowing comes from the Canada Pension Plan and adds that the ratio of funded provincial debt to the gross provincial product is the same this year as in 1973. 'The gross provincial product is the total output of goods and services in Ontario in a year. Police overtime to cost 30,000 LONDON, Ont.

(CP) -The largest murder investigation in London's history, which ended last week with the arrest of a suspect in the strangulation of two women, will cost taxpayers at least $30,000 in overtime for city police. Insspector Don Andrews said Tuesday. The search, from July 15 to July 30. resulted in charges of first-degree murder and attempted murder against Russell Maurice Johnson, 30. Andrew said the arrest of the suspect, who has been sent to a mental-health facility for examination, should not encourage residents to relax their guard against intrusion.

Cobalt still needs 200,000 COBALT, Ont. (CP) -Mayor Bruce Lonsdale said Tuesday that almost more will have to be raised to meet the target set for the towns Tire disaster fund. He said the fund, established to help 493 people left homeless after a fire May 23. now stands at 5408,747. The fund is to be matched on a foiir-to-one basis by the provincial government in addition to its initial emergency assistance of $500,000.

A third of the mining town was lost in the Victoria Day Tire, which destroyed 155 homes and caused damage estimated at $5.4 million. Inmates plan to lend weight KINGSTON (CP) -Pris oners of the regional recep-lion centre at Kingston penitentiary have been working out with weights and doing chin-ups and push-ups in preparation for Labor Day weekend weight-lifting competition to raise money to fight muscular dystrophy. About 50 prisoners from the centre will lift as much weight as possible Sept. 4 und 5 in return for pledges from area residents, a spokesman for the prisoners said Tuesday. The pledges ill be based on the numner of tons lifted by the participants during an eight-hour period.

New Liskeard gets $1,1 million NEW LISKEARD. Ont. (CP) The federal government has allocated $1.1 million for a job-creation program in the urea, officials of ih federal department of manpower und immigration said Tuesday. The Cunauda Works program is designed to use local organizations to develop und manage projects that will create, short-term employ ment, project officers Michel Chardle and Use Luhontc.

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About The Windsor Star Archive

Pages Available:
1,607,646
Years Available:
1893-2024