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WHITBY FREE PRESS, WEDNESDAY, MAY 16,1979, PAGE 19 ELECTION REPORT: Norman Cafik, Liberal Party Norman Cafik, Minister of Multiculturalism, and his opponents in the forthcoin- ing election were gue'st speakers at the Anderson Collegiate and Vocational Institute and Henry Street High School, during the past week. At Anderson Collegiate, Mr. Cafik, said that all parties have "one thing in common and that is to over- simplify a very complex problem. There are a number of issues in this election. Problems exist all over the world today." Referring to natural resources, he said it is a "very important funda- mental issue. Who owns the resources of Canada? The resources are shared by all Canadians from coast to coast. It is not reasonable to have each province have control of the resources and say to heck with the other provinces. This Government said no way are we going to rely on multi-nationalism for control of our resources. We don't have a surplus, we have a shortfall in oil." Commenting on a remark that the Federal Govern- ment manufacturers all inflation, Mr. Cafik asked; "Where does inflation come from in every other country in the world? Did we cause that too? Did we put the price of oil up 700 per cent? That was imposed on the western world by those par- ticular countries. This country could be a little bit better. But so could many other countries in this world." All candidates were given eight minutes each to make their speeches. In his eight minutes Mr. Cafik, Liberal candidate for Ontario Riding said as regards to issues, "there is one central issue, leadership and all major issues hinge on that. The Progressive Conservatives says the issue is economy." Speaking on the oil ques- tion, Mr.Cafik said "the additional profits from oil producing countries in the world is such that they (the oil producing countries) could buy all the stocks on the United States Stock Exchange. This oil profit of the oil produciig countries has an enormous impact on all countries." Referring to the state- ments made recently by the European Economic Com- munity, Mr. Cafik said, "the other world Communities rate Canada as number one." lHe went on to say that Canadian Government iast year "cut expenditures by $7 billion and created a half million jobs in a year." Referring to the national debt and the gross national product he quoted from the European Economic Com- munity, which is the number three community of ail the world communities. It stated that Canada's debt "is lower than the United States debt and lower than every other country in the world. In terms of eco~ nomicleadership we are the leader in the world." Speaking about natural resources, Mr. Cafik said, '"Natural resources are the common heritage of the whole of Canada. The Liberals believe that national resources sliould be t rotiI inlel byl a1 central con- A sale sign won't be successful in ridding your lawn of unwanted weeds. They just aren't a very marketable product. We'il get rid of them for you . . A Weed-Free Lawn for $14.50 * We're proven successful. 11yïE We MZ1 683-9589 * ,Reqtste-ed lto&--io4 -roo-Covxkjn Trarks Qfjf~ the need for the Canadian resulit. the valpnffhàm' fIfl1,n Canadai for the flsna1izan dollair %as it içsneeded.The dollar which has an affect on the value of the Canadian dollar." "The value of the dollar is not the standard by which the economy is judged," he replied to another question posed by a Henry Street High School student. "All indicators of judge- ment have an affect on the economy. What caused the dollar values to go up and down?" he asked. "Five years ago the pro- vinces borrowed large amounts abroad and this kept the value of the Cana- dian dollar up. When we (Canada). don't need the money it reduces the demand for money and Canadian dollars. As a goes down. Another cause for the reduction of the dollar value is the outflow of dollars by tourism going out of Canada. If the tourism dollar was spent in Canada it would increase the value of the Canadian dollar. Another cause is trade. There has been a $4 billion net trade outflow and it has an effect on the value of the dollar." When the other countries have a shortage of Canadian dollars and they have a greater demand for the Canadian dollar, then the value of the Canadian dollar increases. But on .the othey hand when the foreign coun- tries have a surplus of the Canadian dollars then they are not making demands on dollar as a result the Cana- dian dollar decreases in value, said Mr. Cafik. In the one-minute wrap-up, Mr. Cafik said, "they do agree with the value of the Legion el for the 19 trol and shared with all others. Making e comment on unity, Mr. Cafik said "all leaders stand for a unified Canada. But are all leaders capable of dealing with the unity of Canada? This country is your country. I happen to believe in unity." The students of voting age in both the Anderson Colle- giate and Henry Street High School asked Mr. Cafik some penetrating q.uestions dealing with economy and the value of the dollar. He.replied, on the question of National debt, "when one can't run a family budget then there is a family debt. The national debt is lower than it was. when John Die- fenbaker was in power. Also, our debt ratio is about one year of federal government earnings, which is a very low ratio, and so the debt is not completely out of control as people are indicating." "Canada is not fully res- pornsible for the devaluation of the dollar," Mr. Cafik replied to another question. "The devaluation began with the election of Rene Levesque" and the outside investors became uncertain as to the Quebec position. As a result the value of the dollar began to slide. "The Provinces have borrowed less money in the past five years from other countries and there are more Canadian people travelling abroad. The travelling abroad is putting billions of Canadian dollars into foreign hands and this has reduced dollar value is higher in every country in the world, not just Canada. We live in a good country. It is the best there is." ects officers 79-80 term elected to one year terins, Len Lambert, R. "Bill' Clark, John Razey, Bernard Greening, Hugh Miller and Graydon Colville. James Lee was elected to a three year term as a Trustee. The newly elected officers are sworn in at a ceremony in June. Honestly there'sa better way... consider yourself one of us. Open a V&G Chequing or Savings Account. We believe our services are the best: Savings Account - 9½ % interest, Chequing Account - 4% interest plus free cheques and much more. Come in and ask us about them. It's a crime you don't know. VICTORIA AND GREY TRUST Since I844 Contact our office: 308 Dundas Street West Whitby 668-9324 (Toronto Line) 683-7189 Chequing or Savings Accounts Member: Canada Deposit Insurance Corporation WEEDS for SALE CHOO COUNTRY CLUB Join Before May 18, 1979 und Become Eligible to WIN a Trp for Two to Wheeling West Virginia COUNTR RAkDIO I4 Return the attached coupon to: 97 McMaster Avenue, Ajax L1S 2E6 ammm mm mm m m mm m m -m m-mmu NAME Your Favourite Country Artist ADDRESS 1. POSTAL CODE 3. PHONE BI RTHDAY Op Wednesday, May 1, The Royal Canadian Legion, Bratch 112, Whitby, held its election of officers for 1979-80. Henry Perry was re- elected president, John McI vor was elected lst Vice President, Norm Wilson, 2nd Vice President and Barry Denyer 3rd Vice President. There were six directors m