Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 5, 1981, Winnipeg, Manitoba Winnipeg free december 1981 11 conc head urges Ottawa intervene on interest rates by Maureen Brosnahan the president of the Manitoba Cham Bers of Commerce called yesterday for Federal government intervention to re Duce High interest in a presentation to the Federal nip task Force hearing on the Economy in Rita Roeland said the pres ent policy of floating the interest rate on a week week basis is just not interest rates have never been this something has to be she this system int working so City lets look at something she said businesses budget for and can handle interest rates of about 14 per cent but Many were crippled ear Lier this year when the rates jumped to almost 25 per the which represents businessmen in Chambers of Commerce throughout has traditionally aligned itself with Nonin Terven zionist policies of the collectibles for Christmas at the Bay downtown for four Days Only a showing and Sale of estate antique Silver diamonds december 9th to december 12th see the full Page and in tuesdays free Fiess Roeland admitted her request differed from that tradition but said there was value in presenting a Brief to the five new Democrat they obviously didst Chuck us off for being just a business interest Roeland said after the presen she said its important to let the opposition know her organizations stand and that the maps present it to the the task Force is conducting a Cross country tour to gather information on the recent Federal budget and on the state of the Nelson co chairman of the task said he Hopes to present its report Early in january before the budget debate Roeland critical of the budget and called it elephant Hunting with an air she said proposals in the Maceachen such As taxing dental and health is giving something with one hand and taking it away with she said such proposals will adversely affect Small this country survives because of Small business and the taxes they she postal increase hit the Manitoba Chambers of com Merce president also criticized the increase in postal rates which she said would adversely affect Small Busi she called for a justification of the 76percent hike which will see the Cost of sending a firs class letter go to 30 cents from 17 cents she called for the elimination of the Crow nest pass rate which allows Grain Farmers to ship their Grain to markets at Low rail this year Many business and transportation groups have agreed that a move away from the Crow must occur now or it will be too she i dont think it Crow is sacred at i think it is a she in an another presentation to the task Ruben Bellan of the University of Manitoba economics department said an increase in the National deficit would not Hurt Canada and could provide a stimulus to the ailing Bellan said the Maceachen budget fails to stimulate the Economy and is based on the premise that reducing the deficit will reduce inflation and Unzem the View i take is that Mac Eachen should have had a stimulative budget even if there was an increased he there would have been no harm to the Economy and the deficit would not have killed Bellan said that of Canadas approximately about one fifth is held by the Bank of Canada which is owned by the billion is held by canadians who hold he said that of the billion in interest the government pays out on that it will pay billion to Bellan said that because much of the debt is owed within the Only about billion in interest payments will be paid to foreigners who own about billion in Canadian so Long As the Money to finance the deficit is borrowed within Canada it is no Burden to he for Sale by tender 1 River Legal lot of River lot 183 Parish of Francois Xavier closing Date remit sealed bids to 1250 Portage directions turn right 2 on 26 at White horse turn left on Caron just before Francois Corner pm Neufeld at 7837081 95 weekdays highest tender not necessarily budget May hinder work in Remote nip task Force says Hydro construction and other developments in Northern Manitoba could be delayed because of the elimination of tax free benefits for workers in Remote areas announced in the new Federal Churchill my Rod Murphy warned part of the Federal nip task Force on the Economy which met in Winnipeg said resumption of construction on the proposed Lime Stone Power generating Plant near Gil Lam could be hindered by an end to tax free such As travel and living allowance subsidies for workers in Remote he said contractors will Likely have difficulty attracting workers to the North because any special benefits they offer them will be considered tax Able if they find out that subsidized subsidized food and any trips they take to Winnipeg will be then you can expect it will be very difficult to attract he told a press conference yesterday As a it May further delay any development of those Murphy said this would also affect mining development and lumber oper Murphy benefits eliminated actions in the in some lumber Camps it costs a company a Day to Board a although the worker Only pays but under the new Maceachen Murphy said workers will have to pay tax on the other whom the heart of romantic i puerto the Island that boasts a Spanish heritage and Miles of Barefoot beaches from Winnipeg per round trip 11 monday departures s 5 monday departures Monteq Jar Fea youll Warmup to our Low priced Ward air class service and Choice of tropical when you Fly Ward air you Are treated to that famous Canadian class on Board our wide bodied jets you dont need a Penny everything is youll be offered chateaubriand or filet mignon served on Royal Doulton with a Choice of imported youll be pampered with pillows and enjoy music with the stereo headsets and relax with refreshments from the bar that is open during most of the Ward air has the connections too immediate connecting flights Are available to Virgin flights can also be arranged to Many other accommodation ask your travel agent for the Warda Holiday 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