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f SR INIA IN Tag A AR cere TORN, ess A a AS August 16, 1962 ere Ne OY \ TERRACE BAY NEWS % 4" Rye -- i eee a ft a te: TO. THINK- ABOUT YOUR TIN Gere Tn Cc CCR -- Page 7 | oe | | WINTER LET U ° LOOK~AFTER™ YOU e ON DELIVERY & FOREIGN EXCHANGE - (Continued from Page 6) dislocations and external problems that the country might not recover from them for a generation, The briefest reflection shows clearly that a further fall in the value of the Canadian dollar would not only push up prices of import which will rise to some extent in any case through increased duties, but would also push up the prices in Canada of all goods of Canad- ian origin which are priced in world markets,' and many of them are. Cost-price distortions, upward pressures on other internal cets, and distress amoung the relatively fixed income | groups are only a few of the consequences 3 | @ TIME HWY. 17 & MILL ROAD would threaten to create the kind of loss of confidence in the currency which has caused not only economic debility but also social turmoil inna tions which have suffered from Chet. ees Last Defence The fiscal steps taken récognize a critical situation, but, in the present circumstances, the only unchallengeable stand is a balanced National budget and a balance on current transactions in our international --ae with indeed a surplus on both accounts, the present moves turn out to be nea further measures obviously will have to be | adopted, Though the immediate impact may be | painful, the alternative would be even more so. Lush Living Recent events have exposed many of the latent excesses in the style of living to which Canadians have become accustomed, The test of expenditures for many years has been do we want it, not "can we afford it, A | great--deal-has- een. taxen for granted- and. a------+ CIRCLE ROUTE SERVICE "ONCE A CUSTOMER-ALWAYS A FRIEND" T.A. 53-3645 i period of pale may do much to reassert the | OM FORT AVAILABLE | PAYMENT @ MONTHLY ® eet a LR NO A CNN A ME NU eam pene TERRACE BAY en genre eens et aap tN i Ye = an cee oreo paievenreeatigcchoige w se meemmecr-weatit iermeete meena the Canadian people. Reality Again It-is obvious that with few exceptions the world no longer needs to rely on Canada as a source of materials, but Canada still needs world markets. The world does not need Can- ada as a place in which to invest, but Canada will continue to need foreign capital to put to constructive use and we mst. be in a posi- tion'to meet the cost of servicing this capi- tal from our current foreign exchange earnings, capital does not come to Canada of emotional attitudes toward this or its people: it comes in order to adequate return for the owners and because of confidence in our capacity to man- aze our affairs sensibly. Hope for Rebirth - Often there is oprertunity to be found in adversity, The critical re-examination of our economic structure and our fiscal policies), which is implicit in facing up to the discip- lines which have finally descended upon us, may well establish new foundations upon which the economy can resume enduring growth. Foreign because country hard-headedness which been characteristic of a y : { gain an | i FOUR IOU'S YOU CAN NEVER PAY OFF? "You always owe it to yourself to:- 1. Work safely, 2. Think-your actions affect tlie safety of your fellow workers. 3. Report any unsafe conditions,.. 4, And any ideas to improve safety. peemrmnenre earn samme Hunters Safety - Good sportsmen are always 7 een a