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1 ti"i"i"i"ir"i'i"iri'i'i'ii'r" to when ian; 24-26 at tptr _ .- kiteheeterAlhtterhto may promoters ot the K-WOpen at Waterloo (UV) believe They're hoping to bring woodwork for the tottnta- not be theoentreot organiz- Chess Tournament rSep- many Twin City residents many at these chess en- ntetttandin tum attractant ed chess activity, but the tember 24-8 at University play thegante thusiasts out from the members for the two exist- Whit’s halipened iiirtflllgr6i, -.' The anti-inflation program is nearly one year 9ld. . . _ A 1 . The program was announced last October 14 and the Anti-Inflation Act was passed by Parliament in December: The goal was to create a fair and stable economic climate for all of us. Guidelines were established for the control of prices, profits, incomes. dividends and professional fees. The' federal government established a policy of spending restraint. The provinces are supporting the program and are applying guidelines in areas of provincial . concern such as rents. case. The facts prove that since the start of the program most of us are better off than we were before because salaries, on average, are keeping ahead of prices. " The target of the first year of the anti-inflation program was to bring iitflation down from a rate of 10.8% to 8% or less. This goal is going to be reached. Still, many Canadians are concerned about rising prices and may feel in fact that prices are rising faster than their familrjncpmes. For mast of us, this is not the increases were happening all too often. By October, 1975, Canadians had experienced 20 months of inflation of 10% or more. No one could be sure how far the dollar earned one day would stretch the next. The anti-inflation program was brought in to control the rise in, . prices, giving Canadians a better chance to plan and live within their family budgets. Price increases have slowed down. By August, the annual rate of increase in the Consumer Price Index had dropped to 6.2%. Although some price increases have to be expected this month and next, the 8% target will surely be met. The anti-inflation program has also helped to restrain increases in wages, salaries and other incomes.The Guidelines on compensation allow for a basic increase of 8%, plus 2% as a share of national productivity growth. Another 2% con " 1lll.lt.tgt,,is.-,t vs prices. Last year, sudden and {lightening price be added or subtracted depending on whether a group had kept up with or fallen behind cost of living increases before the program began. More than half of the agreements and settlements reported to the Anti-Inflation Board have been within these arithmetic guidelines. A gradual downward trend in wage increases has started and it should continue as more Canadians realize that because of declining inflation, settling for less won't Hurt them. . Since' the start of the anti-inflation program. the average Canadian has actually improved his or her buying power. This is because lower wage increases along with lower price increases have resulted in a ain in real incomes. The real gain is worked out%y taking the actual increase in earnings and subtracting from it the effects of higher consumer prices. Real incomes are proba- bly the best measure of how we're doing, of how we can manage to pay our bills at home. By this spring, real incomes were up 3.6% over last year, Controls on both prices and incomes are part of the reason why the inflation rate is dropping. The co-operation and hard work of most Canadians is the rest of the story. We will soon be moving into thesecond year otthe program, with 3 goal of lowering-the inflation rate to 6% or less. Working together we can reach this target too. INFLATION YEAR" ENE cc nrstgmoethregtSn 'xxnparodiarrt-ettsdhrt Hum-pa. am3tam4_trerrEftAt» iWiitiv" Eirikaas - (mmul. caveats) WP The real gaiiis M-tt3tmsetthp-httdtoe wttt-tiedatarwrnlabte tMt?r.y.ttmeeptrtfdt"t"to Walkaway-van mom» m ammo: menu ems (mousmw. W12) IM" {when 3.6" " chat clubs in the “in Cities. "We thought planning a tournament would he a not way at publicizing the two existing dubs. the tar- com Ctteq Club and the UW Chess Club. out! at- ment‘organiqer. Mr. Long hopes " all“? " so chem players will en- rol in m tournament, which will take place in the UW vitiageriReaidenee. The UW tournament will be a Swiss System tourna- ment in which all parties, pants willplay five gem. Time control will be tit moves in two hours and 20 moves perhmtrafter that. Mr. Long emphasized that entrants in the touma- ment don't have to be ex- pert chess players “Last fall we had a tourna- ment at UW that wasn't prompted in the ComntWF ity and we had 25 players. With some promotion we hope to get about Mt people at this tournament," he said. "We wish to say not to worry if your love for the game exceeds your pro- ficiency - come out," he said. The tournament will begin September 24 at 7:30 pm. On Saturday and Sunday games will be played be- tween 10 a.m. and 4p.m. Entry fees will be $5 for adults' and $3 for students 16 years of age and younger. All fees will be returned as prizes. The tournament will Ite a Chess Federation of Canada rated event. Because of this, each par- ticipant must be a member of the federation. Member- ship fees in the federation can be paid at the time of registration. Membership fees are $9 for adults and Stifor juniors. Prizes will be awarded to the top three finishers in the tournament, and the top finisher in each ot three classes (B, C, and D). and the unrated class, Special prizes will be given, to the top finisher 16 years of age or younger and the top lady. To register players should send name, entry fee and federation membership number or fee to the tourna- ment director Earl Rosen- bloom, C. and o. Depart- ment, University of Water- loo, Waterloo. 10D E_ plans child’s show Late registration will take place between 5 and 7 pm. September M at the tournament site. All play- ers are requested to bring boards, sets and clocks. The Caen Chapter of the [ODE is sponsoring a Mr. Dressup show Oct. 24 at Kitchener-Waterloo Colle- giate. Two shows will be held at I-to pm. and 3:30 pm. Admission is $1. Tickets can be obtained by calling 885-3456 or 742-7758. (eve- nings).