Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 5, 1980, Winnipeg, Manitoba exhausting stargazers Hwn Clear tonight 16 sunny tomorrow 29 july free Sun rises sets Moon rises i 22 sets liberals Back off Oil Price position final200 304 with coloured comics por borne Call 9570550 by Mary Janigan up news service the Liberal party has walked away from its key election pledge to create a Madei Canada Oil Price in a flurry of pro Western but it is impossible to judge How these will affect government policy since the fabled Liberal wooing of the West broke Down yesterday into a bored meeting that rubber stamped even contradictory stands on this is a complained Alberta Liberal Leader Nick As party delegates drifted into Pri vate chats and eventually out the most resolutions passed almost Auto liberals meet la Western Canada s concerns were front and Centre d a feisty prime minister Trudeau lambasted those who oppose a Strong Central in Lloyd Axworthy told supporters of rail relocation that Ottawa already supports their l two reasons for plan to Send Liberal maps glad handing through Western j the convention in Many including Western Star Lloyd were holding parties in private rooms while the rank and file Only three policy areas seem Des tined to have any Impact from this convention the Oil pricing Reso All its contradictions could free Energy minister Marc la Londe from some Tough election commitments As he continues his Oil pricing Battle with a flurry of resolutions to end freight rate discrimination and to preserve the Crow nest pass rate for Grain were carefully noted by transport minister Jeanluc and a new Brunswick proposal which repeats the Call for an immediate guaranteed annual income scheme will probably not be acted but it will affect the upcoming september constitutional the controversial Alberta Resolution Calls on Ottawa to create a Canadian Oil Price that has a realistic relationship to North american Market it Energy Independence the goal of the 1980s and insists that Federal tax revenues from Oil be directed to reduce Canadas dependence on imported and it makes no mention of the Federal governments need for More resource this is in direct contrast to prime minister Trudeau earlier Call for a Maudein Xanadu Oil Price and his push for a greater Federal share of resource although Trudeau has called for less Reliance on foreign he has stopped Short of suggesting inde and he certainly has never see liberals Page 4 vending firm faces 228 charges of fraud by James standing two Hundred and Twenty eight charges of fraud have been Laid against four citizens involved in a vending machine three Manitoban were among 132 canadians who responded to advertise ments placed by the Montrea based Ontario provincial police said a police investigation which began in the Niagara Falls area and spread throughout Southern Ontario resulted in the Canad wide warrants for their arrest have been issued and extradition proceedings Are under Opp John Dadds said in a Telephone inter View from Toronto charged thursday in were Ravid James Laporte and Ken Neth both of Santa Aaron Aidenbaum of and Jim Crabtree of London was selected As the site for laying the charges because it is Cen trial fur most of the witnesses who will be the Opp police said the vend Ray attracted investors through advertise ments in Ontario newspapers promote see vending Page 4 prime minister Pierre Trudeau meets with the Manitoba caucus yesterday at the Start of the Liberal party rates Puzzle canadians confusion Over Bank interest differences turning to anger by Carol Goar up news service Ottawa most canadians Are still just some Are getting cant understand Why every thursday afternoon the Bank of Canada can announce it has lowered interest rates while rates at their own Bank Haven budged in a at no time in recent banking history have the chartered Banks and the gov Ern Mentrin Bank of Canada been so out of the interest charged by the Central Bank is per the rate the chartered Banks Are now charging their Blue Chip corporate customers is per the traditional spread Between the two rates has More than tripled since behaving responsibly the everyday Borrower if his cred it rating is Good will be asked to pay per cent the Banks have tried until there Blue in the face in the words of one senior official convince the Public that they Are behaving Rethan their beleaguered banking is a business in which the complexities tend to escape a lot of they View the Banks As some kind of huge monoliths out to gouge everyone in latest available statistics show that the Royal Bank had after tax prof its of million in the second Quarter april to june of this a 40 per cent increase compared with same period last the Bank of Montreal reported a profit of the Bank of Nova Scotia million and the Canadian Imperial Bank of Commerce continual increases from Early 1978 to last canadians were subjected to two years of continual increases in the Central Bank rate each one matched by the chartered three months the Bank of Canada began dropping its but the chartered Banks did not follow the reason is said an economist at one of the Large people deposited their Money Early this when interest rates were hoping to make a Good they came in to borrow when rates started hop ing to avoid the painfully High borrow ing charges of u few months the Banks were caught in the they didst have a lot of spare Cash lying around and the Money they did have to lend was costing them a he Public documents show the country 11 chartered Banks have billion oui in general Loans which will eventually be rules until this almost everybody knew and understood the unwritten rules of the interest rate a few times a year after Days of heated the Bank of Canada would wait till the Stock Markei see changing Page 4 fund contributions will Send Tina to Bible Camp twelve Earold Tina will realize her dream of going to the Gimli Bible Camp this summer thanks to generous contributors to the free press Sunshine Tina recently telephoned fund administrator Kathy Stewart to say she needed Only to meet the Camp she had already managed to get on her Stewart its the smallest amount weve Given any the girl made All the As her parents speak Little her father was Laid off last Winter and could not afford to Send Tina to today 20 children with the help of Sunshine fund the Sunshine fund at various Camp Sites administered by the Manitoba camping association and 25 More will be leaving for Camp in the next few none would have been Able to go without fund assistance and Row readers now totalling there Are still 20 sters on the wailing and Steward says the fund is Short of meeting the donations to the fund can be sent to the Sunshine Winnipeg free 3m Carlton r3c 3c1 last year 200 children benefited from the fund and administrators Hope to help Al least As Many youngsters this see Call Page 4 great tradition Ever since the arrival of four Grey nuns in Manitoba nurses have been carrying out their duties with outstanding 49 Mcenroe John Mcenroe downed Jimmy Connors in an Alley fight at Wimbledon yesterday As Chris Ever Lloyd met with stunning 3 pcs unhappy three Winnipeg Las on the conservative government Bac benches Are unhappy with proposed changes to the landlord and tenant act iranians mass iranians marched by the hundreds of thousands through Tehran and other cities in a massive show of ant american Fervour Index Home tinder anytime Birdex business Canso careers classified crossword deaths entertainment forum focus 7 7 Horoscope 39 Jumble Puzzle 16 Jumble entry 77 letters 49 movies 40 read 33 sports 40 sports record 29 stocks 6 Tempo 7 to listings 69 39 44 12 6 36 77 21 26 1 7 29 77 ;