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_ Area bankers graduate into Institute The â€" Kitchenerâ€"Waterloo regional council of the Instiâ€" tute of Canadian Bankers held its graduation cereâ€" mony at Bingeman Park in Kitchener last Wednesday. Paul Hanover of Radio Station CHML in Hamilton gave a light humorous speech. Dr. John Cross from Montreal spoke about educaâ€" tion in banks. Five people received the Fellow of the Institute of Canadian Bankers (FICB) diploma. They were: Rodger Current of the Toronto Doâ€" minion Bank, 234 King St. S., Waterloo; Laverne Forsyth of the Toronto Dominion Coffee prices in Canada are finally dropping after alâ€" most a year of pocketbookâ€" breaking prices. The prices are beginning to drop following an anâ€" nouncement â€" by â€" General Foods recently that it was lowering its list prices of instant coffee by two cents an ounce and ground coffee by 12â€"15 cents a pound. ‘f;::"f»gié: ie ~'.;'..~,-_42};:.2;::&.‘;:??:7:7:;::- yc ce S »::;-..;.g::.:».:»::.'::-:3:1'5:'1:A::‘:':::": > «,V\\fi % z:;i_.%‘:?.e:é:’:s:;@::z;:~;;-;;:;::::z-as::z:f:=:iif'f-"‘* s :SE:Ezzfiiifi:gj:_::‘é:_j{E:-ij:E:;;;;:'E;;:;;:;-.E:rjEEE'.E:SE-:.:::{'S.:E:E:';f:'-f‘.? \;@z :;.;,i;,_gg.";{:5515}513355'1:-3-55"::':'::'.':':'&::;5;? s 3 222 oo .3';‘_5-;’-'5?'3':53355:51":5:553 Retail price reductions are occurring as stocks of coffee purchased at the highâ€" er prices are used up and replaced by new, lowerâ€" priced stocks. â€" _ The price for green coffee beans on the international By Jim Smith The Canadian economy is sick (spelled, if you are so inclined, $ick). Consequently, it seems apt to kick off this discussion with an example derived from the world of medicine. Assume for a moment that a branch of govâ€" ernment announces a program to combat measles. Upon hearing this news, you rush off to the doctor to be cured of your annoying red rash. But the doctor has never been told how to identify measles and, for all he knows, that red rash could quite easily be chicken pox. The doctor, caught up in this terrible commuâ€" nications problem, is unable to effect a cure. So far, so good. In matters economic, howâ€" ever, there is no consistent body of definitions. The federal government, for example,. has beâ€" gun to make rumblings about more support for small business (better late than never) â€" without laying down a clear conceptual definiâ€" tion of "small business"‘. For all Ottawa knows, "small" business could well be IBM and Imâ€" Fortunately, every doctor knows that measles comes with a red rash, chicken pox with small bumps. Doctors know this to be true because they have been given a definition of measles and another of chicken pox. And, since they have a definitional means of identifying the diâ€" sease, they are able to treat the patient properâ€" ly. _ Coffee prices finally going down At the retail level on the day of General Foods anâ€" nouncement prices in major metropolitan areas were about $4.50 a pound for ground coffee and $4.30 for a sixâ€"ounce jar of instant coffee. market has dropped to about $2 a pound from a high of $3.40 last April. The prices were drivenâ€"up as shortages occurred on the raw bean international market for coffee, and conâ€" tinued at high levels, alâ€" though processors delayed passing the increases on to the public, and in fact never did pass them on to Bank, 174 Main St. S., Mt. Forest: Vernon Maxwell of the Bank of Nova Scotia, main branch, Cambridge; Gary Schlaht (now in Toronâ€" to) of the Canadian Imperial Bank of Commerce, Univerâ€" sity of Waterloo branch; and J. McGee of the Bank of Nova Scotia, King and Sherwood branch, Kitchener. Mr. Maxwell also received an honors award for having over 80 per cent in all his courses. Six people received the Associate of the Institute of Canadian Bankers (AICB) diploma. They were: Vinâ€" cent Gallea of the Toronto the full extent. This was mainly because of consumâ€" er resistance in the marâ€" ketplace. Because of the resistance over high prices, coffee isn‘t selling as rapidly as it used to, and processors witâ€" nessed a decline of about 25 per cent over 18 months in Canadian coffee conâ€" sumption. The AIB feels these same market forces will act to bring down the retail prices as quickly as possible. Inâ€" dications are, however, the warehouses first will be emptied of the higherâ€"pricâ€" ed stocks. Dominion Bank in Elmira; L. Graber of the Bank of Nova Scotia, main branch in â€" Cambridge; _ Richard Heath of the Canadian Imâ€" perial Bank of Commerce, main branch, Cambridge; Dalton Lindsay, of the Canaâ€" dian Imperial Bank of Comâ€" merce in Fergus; Kal Rokâ€" hoim of the Bank of Comâ€" merce in Plattsville, and Judy Schofield of the Bank of â€"Commerce, King and Queen branch in Kitchener. _Eleven people received Letters of Accomplishment. The Institute of Canadian Bankers (ICB) is a division of The Canadian Bankers‘ Does it matter? The answer depends on whethâ€" er we want our economic measles treated like chicken pox. Small business programs are intended to create a vibrant, Canadianâ€"owned business sector (in marked contrast to the big business sect or which, for the most part, conâ€" sists of nothing more meaningful than foreignâ€" owned branch plants). Getting away from a branch plant economy is of primary importance to Canada. Branch plants drain away earnings to the foreign shareholders. Branch plants contribute little to our store of industrial knowledge, since most of their research and development takes place at the foreign head office. S s perial Oil. In other @ords, it matters very much whether we have a definition of ‘"small"‘ business. _ _ _ The Canadian Federation of Independent Busiâ€" ness, which has naturally taken a great deal of interest in this problem, proposes a useful defâ€" inition: a business which is independently ownâ€" ed and operated and is not dominant in its field. The Canadian government, meanwhile is playâ€" ing with a definition based on the number of employees. That‘s the kind of definition that causes doctors to diagnose tiny bumps as measles. In Europe, smal\‘business is generally defined as an enterprise which is legally independent. Association. Established in 1967, ICB is responsible for determining and meeting the educational needs of the Canadian banking industry and for promoting the bankâ€" ing profession on a national basis. It is the largest conâ€" tinuing education institution of its kind in Canada. The ICB sponsors the ICB Fellows‘ Program in coâ€" operation with over 50 Canadian universities. The program is comprised of ten university â€" level â€" courses and divided into three parts. On completion of two courses, banker-_students receive a Letter of Accomâ€" Coffee prices in Canada have finally decreased but experts are unable to say exactly how much will be passed on to the consumer. They are also unable to predict future coffee price movement. ._ _Waterioo Chronicle, Wednesday, October 26, 1977 â€" Page 11 Your business is our business ~_Phone your news in at _ | 886â€"2830 A â€" correspondence proâ€" gram may be followed by registering in the Independâ€" ent Stydy Program run in coâ€"operation with the Uniâ€" veristy of Toronto. + FICBs can further their education through the Instiâ€" tute‘s Continuing Education plishment, After completing six courses the student reâ€" ceives an‘ Associate of the Institute of Canadian Bankâ€" ers (AICB) diploma. When ten courses have been comâ€" pleted, the student receives a Fellow of the Institute of Canadian Bankers (FICB) diploma. * By Bob Roweli * This is the season that has two names. It is properly called Autumn, but many people call it Fall; perhaps in reference to what the leaves of the trees do. The leaves of fall can make a glorious spectacle; witness the colour picture in a recent edition of the Kâ€"W Reâ€" cord, which was taken on our downtown area. Fallen leaves, however, produce a certain amount of work, a task that is sometimes rendered a little sadder by the discovery of small dead branches among the leaves. Big old houses and big old trees go toâ€" gether, but a big old house can be preserved, while a big old tree has a certain lifeâ€"span. Before the big old houses are left to stand alone, we must begin a program of tree replacement in the central residenâ€" tial area. * On the subject of the big and the old, a walk down King Street can provide an interesting history of architectural detail. Don‘t look at the storeâ€"fronts, look up at the second and third floor levels to observe the careful detail that has been used along roofâ€"lines and around windows. Don‘t you think that a merchant who is looking towards a distinctive fresh look for his building would do well to consider rehabilitating and highâ€"lighting these distinctive features? As well as improving the appearance.of the downtown, a conâ€" certed effort in this direction would unify the various buildings and would prevent the hodgeâ€"podge appearâ€" ance that can detract from the idea of a successful shopping area . Downtown perspective The ICB sponsored courses are strictly business courses, said coâ€"ordinator of the Kitchenerâ€"Waterlioo regional council, Ron Whittaker. The ‘bankerâ€"student must meet the requirements of the ICB®as well as the uniâ€" versity‘s standards for enâ€" trance to the courses. Anyâ€" one working in a bank who meets these standards may take the course said Mr. Whittaker. ~ _ Program or by taking preâ€" scribed university courses which lead to a specialist or general management certifiâ€"