Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 20, 1978, Winnipeg, Manitoba Winnipeg free press business finance put us Oik Viii 19ao197r Comchoc favors government easing regulations Hudac backs land report findings by Paul Moloney a major housing Industry association will ask its members to pressure governments into pay ing heed to a recent Federal pro Vinci Al study which said restrictive government regulations were forcing up the Cost of land and William president of the housing and Urban develop ment association of Canada told reporters in Winnipeg tuesday that Hudacs members would be urged to utilize the reports findings in their negotiations with later in the Small told local members that copies of the report were being mailed to All 78 of Hudacs provincial and local and i would urge you to circulate them among your and More ensure that your contacts in government Are made aware of me added that Hudac has formed a committee to review the report and to propose recommendations supported by the study for use in substantiating future representations to All Levels of one finding of the report was that housing prices were being pushed up because the Federal government in 1974 disallowed developers from deducting taxes and interest costs of hold ing raw housing Small said his association re commended 18 months ago that tax deductions be restored but the Federal government did not now that an Independent study commissioned by Ottawa and eight provincial governments has sup ported Hudacs we think they Ottawa will be responsive to it this time the 1974 tax change was meant to discourage companies from holding housing land off Small believes Ottawa will the Market for extended Peri Hudac argued that restrictive local and Provin Cial land use policies were to blame for impeding the flow of land and housing and thus Caus ing prices to Small welcomed the fact that the task Force report supported the developers he added that Hudac has always advocated less government involvement in the housing Indus and the report supports our View that impractical planning unreasonable and costly servicing standards and government land Assembly pro Grams contribute to increased land costs and therefore the costs of the report also said that Pri vate development companies earned extremely High profits Between 1972 and largely because demand for housing was much higher than the report said the 15 Lar Gest land development compan ies got Back an average of 35 cents before taxes for every Dol Lar invested by this compared to an average pretax return of 16 cents on the Dollar for Canadian Industry As a Small conceded that compan ies were Able to profit from tight housing Supply and rising prices during that period Howe he said profits Are lower now because housing prices have stopped escalating due to a slowdown in housing As a result of the lower de Mand since builders Are carrying a High number of in sold houses which they Are will ing to unload at a very Good he added that builders have also reduced their production of Homes to the Point where the excess inventory should be re moved by year saudis bolster food system with Oil Bank economist says jobs will go begging in mid80s Halifax up Bank economist Gestrin said tuesday Canadas High unemployment problem will re verse itself by the mid 1980s in that jobs will go begging for Lack of people to fill to seems fantastic and Gestrin said White participating in a panel discussion at the 49th annual convention of the Canadian chamber of Commerce which ended but by the mid1980s the whole problem of Mph unemployment will reverse itself and we will be asking ourselves Bow Are we going to find the people to produce the goods and Vic president and eco nomic adviser with the Canadian Imperial Bank of was Tak ing part in a debate on Canadas ability to compete in world other panel members were Fergus a policy planner with the Federal Trade department Peter executive Vic president of it extrovert a Montreal electronics firm and Frederick president and chief executive officer of Canad air of Mon about 700 delegates attended the three Day convention which tuesday elected David Braide of Toronto As president succeeding Harold Crosby of next years convention will be held in Gestring remark about jobs came in response to a question from the audience and followed Fedors state ment that canadians should Stop pre tending that Laborin Tensive goods can be competitively produced in Fodor said can Adas advantage came in competing abroad with its natural High technology goods and service related Gestrin was asked what would Hap pen to Canadas labor Pool if these Low technology industries were eliminated As Fodor seemed to Gestrin said Many of these jobs would be absorbed by the service Sec some would even end up in the banking he said the labor Pool will get smaller As Canadas population growth slows so that by the Start of the next decade there will be a Scarcity of while the jobs Issue provided a stimulating the theme of the panel discussion was that Canad an businessmen have an inferiority Complex and Lack the aggressiveness to go after world we dont try hard particularly in the Case of emerging new markets such As the Arab world where Canada is not obtaining any thing like the share of business we should and could be whose company is about to launch the described As the most advanced executive Jet in the for Only canadians have expressed doubt about the viability of the asking such questions As Why didst a United states company do it first and will it Fly All very negative questions and symptomatic of a Canadian inferior Ity he fortunately we dont get these questions out Side he said International customers accept our Good past performance As evidence that we know what we Are As to the he said his company did something in Canalli we believed we had identified an Opportunity in the Market place and moved very quickly and aggressively to capitalize on Chambers defended the productivity of Canadian workers which was in contrast to a speech made monday by the Chambers immediate past Crosby was critical of workers saying their lower productivity in relation to the United states had damaged Canadas competitive Chambers said that while Canadas productivity was still below that of the productivity gains consistently have outpaced those in the our major competitor in domes tic and foreign he said the increase in Canadian manufacturing productivity in 1977 was almost double that in the Overall manufacturing in the still had an advantage in terms of actual Levels of he but added the Gap is steadily Nar rowing and has even been eliminated in some of the durable goods Indus he said productivity in some Sec tors of the Forest Industry in Canada is higher than in the Kearns saying productivity in his own aerospace Industry in Canada is As if not than in the wheat Board candidates named five candidates Are in the running for the two Manitoba districts in the Canadian wheat boards advisory committee elections involving 33 nominees in the 11 districts in the three Prairie in District one harder of Lowe farm and lome Parker of Agathe have been nominated while in District two Brad of Donn Mit Chell of Douglas and Strath of Souris Are looking for the votes of wheat Board permit Book Saskatchewan Candi dates Are District three Kisbey Daryl Rouleau Carvevale Redvers Regina District four Phillip Dysart Melville Dafoe West District five Una Alvena Flavian Loh Middle Lake Choice land re District six Akiri Saskatoon Watrous District seven Mossbank Elton District eight Thomas Scott Ted North Battleford Andy hairy Alberta candidates Are District nine Orville District 10 Dow Castor Gal fort Sas Katche District 11 Ander Barrhead de Fairview Harry Deadwood Steve was Katen elevator expanded Cargill Grain company limited has completed a my expansion and of its elevator to be officially reopened Manitoba regional Manger Peter Hayward said the expansion More Wargik Bow go Tor at the org Woof a group of local Farmers who said its closing would have left a vacuum in the Haward expects the modernized elevator to handle up to half a million bushels a new Grain storage Annex raises total storage to to Adios has a Bow from to per a Fik moot truck has added guaranteed for 9 years turn Muff tit paid annually mum Tom can us collect cans accepted Tor rates on monthly Semi annual or compound interest terms tron 30 Days to 1 0 years available St 204 8425515 growth without tax cuts seen Toronto up an economic adviser to the Bank of Nova Scotia said tuesday that Canada can expect moderate economic growth next year but he cautioned against any sub Stantial tax cuts to achieve that Forrest Rogers forecast a real growth in Gross National product of three to 3 per cent in both Canada and the United states and said Canadas consumer Price increase should drop to Between seven and per cent from almost nine per cent this Rogers also told a construction seminar that the increase in average wages and salaries in Canada should remain at about per cent but the unemployment rate is Likely to Rise to More than nine per he said there Are indications the Exchange rate for the Canadian Dollar will begin to running next year mostly in the Range of 86 to 89 timing on this cannot be and clearly there could be a real test ing of the 85cent level be fore the desired stabilization is i believe it would be unwise to use up fiscal ammunition now that would bet Ter be held for possible use when the evidence of a decided cyclical weakening is a lot clearer than it is at Rogers also said the fed eral government should Start exporting substantial additional volumes of Natu ral Gas and some additional crude Oil As saudi Arabia is spending million of its Petroleum earnings on three projects in a bid to As sure the country food sup the director of the Mideast country Grain silo flour Mill Organiza Tion said at the we Klong International Cereal and bread Congress being held at the Winnipeg convention Ahmed Sinawi said three new milling complexes and a country silos scheduled to be completed by were designed to Mecha Nize handling of strategic food developing whether they import or produce most of their Grain must be pre pared to store and build up reserves in a Way that they will not he Mechan izing the handling of the stocks will help preserve the Grain and facilitate proper devel Oping countries were on the threshold of Mechan izing their Cereal processing in saudi Arabia has already made considerable Progress in this he Sinawi called mechanization a tool in the saudi agricultural development plan aimed at producing about half of its wheat needs by the end of the current five year the government has been subsidizing farm plans Are also underway to buy Grain at a subsidized the new country silos will receive and store increased local he he cited an expected saving of about a ton in port handling of bulk Grain As a result of new port fact compared to the old system of importing Grain in developing countries have an advantage in mechanization plans in not having to learn by trial and with so much know How already but it Means he not Only in physical facilities but also in the technical and managerial which where not available Bond Issue detailed Ottawa up finance minister Jean Chretien tuesday revealed More details of a planned million government of Canada Bond Issue to be dated r the amounts of the Issue will be As follows million Worth of 8 per cent Bonds due june million of nine per cent Bonds due million of per cent Bonds due the Bank of Canada has agreed to take at least million of the proceeds of the Bonds will be used for general govern ment purposes and to re deem million of Bonds maturing warehouse space available downtown up to Short Call Rosen at 9420463 for pick up of printing orders please Call the Henry Armstrong instant printing location near buy hrs 260 main Street 9436421 1859 Portage Avenue 8895602 in Peg convention Centre 2nd floor concourse 943 1338 1603 Pembine Highway 452 6744 Injo nution la Canadian hydrocarbons limited in regard to the Oiler by intercity Gas limited As at september common shares of Canadian Hullo Cartons have been deposited under this intercity Gas my onus 78 of Canadian hydrocarbons limited common of Canadian who have hanged their on in for common of Liue div and Are record on or before september will slum in receive 5 in dividends on october Ivy for each on and one Hall common they received in in her assistance this Oiler Contact the our broker or i he guaranty company of i lie under mined Are ailing of a c dealer group in Ami Editn with this reference made k in oiled kit compendium u Llie ail member us Midi pinup Richardson securities of Canada Hodgson ;