Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 25, 1981, Winnipeg, Manitoba 4 Winnipeg free september 1981 protest group plans to study Impact of High mortgage rates continued from Page 1 costs is planning to set up a crisis staffed by with expertise in the Field of to advise1 people on How to hold on to their he said he hoped the office would be set up within a couple of he said his 15ttiembef group is also planning to launch a study to Analyse the Impact of High mortgage rates on people living in a couple of suburban areas and is mobilizing mortgage lenders and University economists to try to come up with remedial measures which the government could take to help Home Wayne free press Andes unsaid immigration minister Lloyd Manitoba representative in the Federal and Boniface Liberal my Bob Bockstael at a meeting last Friday indicated some funding for the organization May be were Anderson warning the worst thing that can happen is political bashing be careful you dont alienate the two groups agreed to establish Liaison with each the action committee was told by one of its members that while people were they were scared to take i think it is a sad fact that people faced with this kind of situation Are reluctant to come Anderson economic disaster is a very private Oman said he is trying to enlist support from unions and the Chambers of me said he has been seeking an appointment with but so far has Only netted an appointment with consumer affairs minister Gary several suggested that Lyon and other political leaders be asked to address the proposed mass Canadian Union of Public employees member Dave an employee of the City of said Rufus Lyon is the Man in Rufus is facing an Bob who emphasized he was attending As a private citizen and not As executive director of the Manitoba paramedical said the group could probably get As much mileage from a mass rally As a mass meeting Nice As it might be to put him loft on the mortgage and interest rates Are a Federal he has no clout on that matter with the Federal Strong finance minister Brian Ransom told press yesterday he would press for Federal Relief for Small businessmen and homeowners hard hit by High interest rates at next weeks Federal provincial finance ministers meeting in it is a Federal government policy which brought about the situation and a Federal responsibility to Cushion those Hurt by he Ransom said the provincial government int planning remedial measures on its own because were not going to let the Federal government off the it is their Ransom said he would be making some specific suggestions to the finance but declined to Delabo the Canada mortgage and housing the Federal governments housing yester Day reported Only per cent of mortgage Loans to homeowners Are in arrears three months or com pared with per cent in july of last to Chc manager Kathy Mancer said the record of months More in arrears peaked in at one per cent and has been declining she said it is a question Why the arrears Are declining while Mort Gage rates have been she speculated that the reasons May elude a Lon enough period of High mortgage rates to allow people to adjust to others May include the Selling of a a spouse returning to work or Selling of a Home to move into rental Mancer said Chc Doest know How Many people have sold houses because they cant afford to carry u wants talks on Energy policy the Reagan administration int trying to undercut Canadas sovereignty it just wants to be consulted before Canadas controversial Energy policies Are put into the ambassador to Canada said the is not trying to interfere in Canadas ambassador Paul Robinson said during a Stopover on a Courtesy tour of Canadas Western we dont question for a moment Canadas undoubted right to control its destiny in All he the chief objection the has to the National Energy program is the Way it is being Robinson they Are changing the rules in the Middle of and making it unfair to existing Robinson said president Ronald Rea Gan wants Canada to agree to consultations at the ministerial level during the implementation of the Energy program to mitigate its effects particular if nationalization proceeds faster than first prime minister Trudeau did not agree to such consultations when he met with Reagan last but he agreed in principle that they might be said who took Over the Post of ambassador just two months agrees with Canadas ambassador to the Peter that Cool Heads should prevail in the current War of words Between the two a lot of words have been but there has been a lot of noise coming from Congress and business groups not he i think much of it is pres generated and i would like to keep a lid on Bank brakes interest slide shooting site an ramp officer walks up the Steep Bank of a gravel pit near Birds Hill where East Paul police officer Gord Webster was found shot yesterday was released from Concordia Hospital today after being treated for a superficial Bullet wound to his an ramp spokesman said Webster was on patrol at about 7 near Highway 59 and the red River flood Way when the shooting took police would no further continued from Page 1 substantial Relief for lower interest rates in the this week had raised Hopes that rates in Canada would continue but Bouey warned a Calgary Audi ence that even if inflation and interest rates decline in the we will not be Able to take full advantage of that development because of the failure to control our own meanwhile in Maceachen had Little to offer homeowners facing a mortgage renewal a task Force made up of the banking Industry and government is being set up to study the Maceachen but he said the financial institution officials do not feel there is a need for any Overall program to assist As Bouey warned earlier that any Large scale program to assist homeowners requiring a significant in crease in Federal spending would upset the Central Banks efforts to reduce in George Vic president of the investment firm Greenshield in said a key Factor in interest rates could be the decision on the Constitution being released monday by the supreme court of econom a decision favouring the govern ments package would elicit a lot of opposition and he this would Hurt the Dollar and Force the Central Bank to keep interest rates Banks reject Federal Aid continued from Page 1 Burden on the family budgets of hundreds of thousands of they took pains to distinguish Between those families forced to tighten their belts and an unknown number of others faced with losing their Homes mortgage rates have come Down slightly in recent weeks to about 21 per but the Prospect of a major decline in the foreseeable future seems the Bank of Canada intervened heavily in yesterdays auction of Treasury Bills to prevent any significant reduction in the Bank the new rate is per cent not enough to prompt lenders to lower their own rates at least two specific methods of As nil demands manufacturers pay fee to teams continued from Page 1 we Are running a year business that provides live events a Large number of those not Only have live audiences in the but television audiences in the hundreds of and each of those events can be a powerful advertising they manufacturers have two they can pay us for All that or they can have their Brand names taped or painted the Dis miss the value of Onice ill bet the average fan care less what a player wears or what he plays said Cooper representative Alex who added he personally Doest believe in incentive we prefer to do our own while Kurceba said he has not been advised on his company course of he said it would Likely be to allow the nil to obliterate the Brand whether you could see the name or he id still be proud it was our also at stake Are the personalized services Long provided to the nil at virtually no suppliers feel the new program will destroy the Good feeling and special services they have Long Shenkarow Doest it could work the other he there will probably be a period during the Early stages of the program when a lot of suppliers will refuse to pay the fees and Well be using a lot of Black tape or White but i think by m the time next season Rolls around Well find most of them will be Able to see the advantages of the and once Treyve they should want to be even More the fee schedule will be set up by the licensing corporation of Ameri an nil which also handles the royalties on All items bearing nil logos sold outside of Arenas in it will be based on the visibility of the Brand name and the size of the with the resulting Revenue distributed equally among the leagues 21 As to the amount of Money in Ziegler said if every manufacturer were to pay the maximum we would be talking about since it would Likely come from the suppliers advertising Bud i cant see it having a noticeable effect on the Cost of equipment for the average sisting homeowners were discussed at the Meach Lake one would allow individuals to dip into their registered retirement savings plans without penalty to help pay off their Money taken out of rasps for any reason now is considered income and subject to the housing and Urban development association of Canada recently suggested that Money taken out for housing remain exempt from and this proposal is being referred to the new study a second idea involves the use of deferred interest under mortgage rates could be lowered per haps three percentage Points in the Short but homeowners would in crease their total mortgage debt in the Long some lenders who met Maceachen said he told them he will take to heart complaints they aired that a return on Canada savings Bonds helps keep mortgage rates High because the Banks must compete for investors and thus offer More earnings than the Bonds pact signed for ramp continued from Page 1 j per cent of the total Cost of police i costs increase at a rate of Only one per cent a year until 1985j i but after that the Bills issued to j provinces and municipalities will Rise by two per cent a by the end of the contract in local jurisdictions will be contributing 70 per cent of the costs of ramp Mercier said the agreement Calls on provinces and municipalities to subsidize Federal policing in the later years of the the contract which expired March was the Best he under the old provinces and municipalities paid 56 per cent of police Warren the solicitor Gener Al who drafted the certainly Felt it was Mercier the responsibilities of the Munici the provinces and the Federal government have not changed in the past five he the new agreement would also have municipalities of or More Resi dents pay 81 per cent of policing Thompson is the Only Manitoba City of that size to be serviced by the but Mercier said it cant be determined if the higher rate will apply until Feder Al census figures Are or l Winnipeg transit makes a Good Rick buy even better with Handy monthly bus because bus passes take the Fumble out of transit just easy carry card takes you anywhere transit because monthly bus passes can save you even if you just use it to travel to and from work youll and its so when you dont need you can pass it get your monthly bus pass at these Axilla Milf Al nil 44 Royt Bank Btu talus in lie City of Winnipeg Ami Ai tin following tickets also m i service Centre s u t Mil on i Ami Treasury office id in i Stoml Rouge transit base us warm in i 3u in 1 til of Winnipeg licence drench m i Iii i in Iizumi i my the following Community offices Park Community office 51 Hill line Llull Illus Centre fort Rouge Community office Kline Avenue kill Douay Community office Henderson Highway Garry Community office j5n i Ombina Hicl Nav Boniface Community office Hue Pruvell her Jamea Community office Avenue vital Community office Gui is Marviv Quad Community office my live Mill an Selkirk at Kildonan Community office info Mam slut Arlington variety store ruin Boine credit Union Urga Irvyl Virk m Usi Kun mum i my is rn7 is arms Kii toe Bay is e Boota drug store ill Chilli nurse bombard plate Broadway pharmacy 11 get your monthly bus pass Wlibur ctr you Sec this ebbeling pharmacy Wall Imbt ten pharmacy i Fundus a drug or attn uni ult is pharmacy and Risuke Eaton downtown Hll i itch came Olels Henderson Highway drug kill Selkirk Garden i Tisino intr Servia pharmacy hit halal hardware 301 Al Mountain harm Ana drug store hna4iti Shin Crook 733 dirt Uipi Kirk eld pharmacy 3223 Portage Avenue drugs 201 Lakewood Manitoba drug 5x7 Selkirk ave drugs Marion and lat he metro Ike buturm mod Drue Cira Hain Avenue Grant Al 11125 i Phillips i Park i Elorne Santt is 27j7 ill Al at Moray k 151 news at stun Ieon Avenue Heights shopping Centre i ib3 Nuich Sav at 1705 Henderson Highway drug store is Mantu Nad pharmacy 5s London pharmacy a Akiva shopping Centre n is Iii pm Highway i Nieman pharmacy Avenue yu5 Corailun Avenue hj87 marys Kozij mail 1onaacal red River Community College Cretin Union Park pharmacy or Hetting drugs 1 151 in Niwnia drug store lli7uehen shoppers drug Man in Mald Richmond is Villal Cempre kill Dunavi place shopping cell re i 112 main Al ked Wixel Scarf cry Polo Park s pharmacy 5ki Academy Al us Park pharmacy 255 wan Siai Haralson Eaton place information Centre 231 Donald Street Fok worm a77ov Call pharmacy Vindal Market shopping Centre Park Wesl shop num Centre Pel Liollia Highway drug Man entre 35 Lake Vnod a blvd spermatic dry cleaning River Tam i Lender Bun Highway pharmacy Kyj Park pharmacy ii Tyi idyll of Manitoba Minlu Uri Ivelsky Cenelle University of Winnipeg Book store 3310 Portage Avenue Kerr Brown 239 Henderson Highway Ellice pharmacy 587 to Lineal Sherbrook pharmacy 79 Ajmes Valdel pharmacy 70j at Toronto ;