OTTAWA
Solicitor
General
Warren
Allmand
is
a
politician
well
known
for
both
the
strength
of
his
beliefs
and
his
candor
in
stating
them
clearly
But
he
is
also
a
man
who
frequently
changes
his
mind
on
anjssue
leaving
himself
wideopen
to
accusations
that
he
is
impulsive
or
Vacillating
Mr
Allmand
one
of
the
most
popular
Liberal
cabinet
ministers
gave
a
classic
illustration
of
his
tern
perment
last
week
when
he
reversed
his
stand
on
the
compulsory
registra
registration
¬
tion
of
guns
Until
then
the
bespectacled
solicitor
General
was
a
staunch
dis
disciple
¬
ciple
of
mandatory
gun
registration
as
a
means
of
lowering
the
rate
of
violent
crime
But
after
two
days
of
talks
with
policemen
whose
Jobs
involve
the
registration
of
certain
firearms
Mr
The
Citizen
Established
1916
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George
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-
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The
Citizen
Prince
George
British
Columbia
Friday
June
13
1975
Yes
vote
essential
Perhaps
more
than
people
realize
there
is
a
lot
riding
on
the
outcome
of
the
transit
referendum
which
will
be
put
to
voters
on
Satur
Saturday
¬
day
It
cannot
be
stated
too
emphati
emphatically
¬
cally
that
unless
voters
sanction
the
bylaw
Prince
George
will
in
short
order
be
without
a
public
transit
system
Considering
the
benefits
which
will
derive
to
the
citizens
of
this
community
once
the
bylaw
is
approved
it
would
be
unfortunate
if
voters
were
to
react
negatively
to
the
referendum
If
approved
the
transit
bylaw
will
furnish
the
city
with
the
author
authority
¬
ity
to
establish
its
own
public
transit
system
and
thus
qualify
for
sub
substantial
¬
stantial
government
assistance
under
provisions
of
the
Rapid
Tran
Transit
¬
sit
Subsidy
Act
Financially
it
would
be
a
good
deal
for
the
city
The
government
legislations
provides
subsidies
to
municipally
owned
transit
systems
which
cover
50
per
cent
of
operating
deficits
up
to
two
school
mills
500000
in
our
case
Above
two
mills
the
government
will
pay
the
full
100
per
cent
Currently
the
bus
system
oper
operated
¬
ated
by
Prince
George
Transit
and
Charter
Ltd
Standard
Bus
is
under
contract
to
and
is
subsidized
by
the
City
of
Prince
George
This
years
contract
which
expires
June
30
provided
a
subsidy
of
about
72000
Without
the
subsidy
there
would
be
no
bus
service
and
even
with
the
subsidy
the
operation
is
at
best
marginal
and
the
service
understandably
limited
If
the
referendum
is
defeated
it
would
only
be
a
matter
of
time
before
the
system
was
out
of
busi
business
¬
ness
because
another
subsidy
could
not
be
extended
to
the
com
company
¬
pany
without
voter
approval
The
transition
from
private
to
Gourmets
delight
by
CHARLES
LYNCH
OTTAWA
-
It
is
with
a
tingle
of
patriotic
pride
that
I
report
that
the
beaver
tastes
even
better
since
he
has
been
certified
as
our
national
ani
animal
¬
mal
than
he
did
when
he
was
just
an
ordinary
tree
cutter
and
dambuil
der
on
the
flipside
of
the
five
cent
piece
This
particular
beaver
a
magnifi
magnificent
¬
cent
maple
fed
specimen
weighing
in
at
42
pounds
soaking
wet
was
trapped
early
in
the
winter
of
1974
before
Parliament
put
the
official
stamp
of
approval
on
the
species
enabling
all
beaver
families
to
hang
the
coat-of-arms
on
their
houses
When
Parliament
acted
then
his
coat
had
long
since
gone
to
the
fur
riers
for
renovations
and
his
carcass
was
imbedded
deep
in
the
freezer
where
it
reposed
for
over
a
year
longer
than
the
freezer
directories
say
any
meat
should
be
kept
We
invited
some
20
people
to
the
feast
mostly
Canadians
with
a
thin
sprinkling
of
Brits
previous
experi
experience
¬
ence
having
taught
us
that
while
Canadians
can
be
diffident
about
eat
eating
¬
ing
beaver
the
natives
of
England
and
Scotland
fall
upon
the
beast
with
glad
cries
doubtless
some
throw
back
to
the
primitive
days
of
the
Celts
Saxons
or
even
the
Normans
who
were
noted
for
their
uninhibited
approach
to
food
not
to
mention
drink
The
method
we
followed
was
a
van
iation
of
the
one
in
our
favorite
north
northern
¬
ern
cookbook
issued
by
Information
Canada
under
the
imprimatur
of
the
Department
of
Indian
Affairs
and
Northern
Development
Our
friendly
trapper
had
cleaned
the
carcass
taking
out
the
musk
and
castor
glands
so
we
had
no
worries
on
that
score
We
did
however
have
to
cut
away
some
10
pounds
of
fat
WARREN
ALLMAND
A
change
of
heart
on
gun
control
laws
Allmand
emerged
with
a
new
vie
viewpoint
¬
wpoint
He
said
he
now
believes
there
may
be
more
effective
solutions
that
do
not
Involve
registration
of
sporting
guns
a
remarkable
change
of
heart
Only
a
few
months
ago
on
Jan
27
he
told
Parliament
the
cabinet
was
considering
compulsory
registration
of
all
guns
He
reminded
MPs
of
his
deeplyfelt
view
that
more
stringent
firearms
control
measures
were
needed
Then
came
this
weeks
retreat
not
the
first
time
Mr
Allmand
has
altered
his
stance
on
a
big
issue
Several
years
ago
he
jumped
over
the
fence
on
the
capital
punishment
question
too
Originally
in
the
1950s
I
was
a
retentionist
he
told
a
national
tele
television
¬
vision
audience
in
1973
I
seem
to
have
grown
up
as
a
retentionist
and
public
ownership
has
been
well
paved
by
the
city
through
consulta
consultation
¬
tion
with
and
the
transfer
of
infor
information
¬
mation
to
the
Bureau
of
Transit
Services
a
government
agency
According
to
Yvonne
Kennedy
Program
Director
of
the
Regional
Development
Commission
the
function
of
the
bureau
is
to
assess
the
need
for
public
transport
to
make
recommendations
on
policy
and
funding
and
to
implement
prog
programs
¬
rams
this
co
ordination
gives
the
local
community
a
wider
source
of
assistance
and
experience
and
it
also
gives
the
province
some
con
control
¬
trol
over
how
money
is
spent
On
file
with
the
Senior
Citizens
Association
according
to
Ms
Ken
Kennedy
¬
nedy
is
a
letter
from
minister
without
portfolio
Alf
Nunweiler
in
which
he
makes
the
promise
If
council
passes
a
bylaw
enab
enabling
¬
ling
Mr
Parker
V
J
Parker
director
of
transit
Department
of
Municipal
Affairs
to
plan
a
better
bus
service
the
provincial
govern
government
¬
ment
will
plan
the
service
free
of
charge
will
supply
the
buses
free
of
charge
and
in
addition
will
con
contribute
¬
tribute
at
one
half
of
the
money
to
run
the
buses
Another
imperative
for
the
bylaw
is
predicated
on
the
fact
that
Stan
Standard
¬
dard
Bus
cannot
be
paid
after
July
1
the
expiry
date
of
its
contract
without
the
city
having
the
author
authority
¬
ity
to
continue
the
subsidy
The
sub
subsidy
¬
sidy
is
essential
for
the
period
the
city
and
the
bureau
require
for
the
planning
and
probabley
expansion
of
a
public
system
On
record
urging
support
of
the
referendum
are
a
number
of
organizations
and
private
indivud-ualsincludingtheRegionalDevelop-ment
Commission
the
Prince
George
District
Labor
Council
and
the
Community
Resources
Board
This
newspaper
commends
and
wishes
to
add
to
their
support
Southam
News
Services
before
butchering
him
into
four
large
roasts
two
forequarters
and
two
hind
We
marinated
the
meat
overnight
in
a
marinade
of
water
vinegar
and
salt
and
simmered
it
in
the
morning
for
ten
minutes
A
splended
rubbing
compound
was
then
prepared
con
consisting
¬
sisting
of
sliced
onions
jumiper
ber
berries
¬
ries
salt
pepper
and
assorted
secret
nostrums
known
only
to
our
favorite
neighbor
steeped
as
she
is
in
the
sec
secrets
¬
rets
of
the
forest
The
recipe
said
to
serve
the
beaver
with
a
tart
jelly
and
this
same
neighbor
came
up
with
a
preparation
made
from
wild
grapes
that
did
for
beaver
what
sauerkraut
does
for
pigs
knuckles
t
When
all
was
ready
we
thrust
the
great
segments
of
beaver
into
our
huge
100
pound
Japanese
smoke
barbecue
and
in
no
time
the
sweet
scent
of
roasting
maple
beaver
began
to
pour
out
the
top
filling
the
place
with
the
most
Canadian
smell
ever
known
While
waiting
the
mob
burst
spontaneously
into
several
verses
of
The
Maple
Leaf
Forever
and
a
stanza
or
two
of
the
Canadian
Boat
Song
Soon
it
was
time
to
carve
a
dif
difficult
¬
ficult
process
when
one
has
not
memorized
a
beavers
bone
struc
structure
¬
ture
fore
aft
and
amidships
and
when
there
has
to
be
enough
from
one
beaver
to
serve
20
people
some
of
whom
had
been
fasting
for
several
days
The
whole
thing
was
pronounced
a
triumph
One
guest
who
had
doubted
that
beaver
eat
maple
trees
apologized
and
said
he
would
bar
beque
any
beaver
he
caught
on
his
next
trapping
expedition
if
he
could
figure
a
way
to
take
the
lOOpound
Japanese
cooker
into
the
wilds
All
hail
our
national
symbol
the
tastiest
one
in
the
world
as
1
studied
the
Issue
over
theyears
I
became
an
abolitionist
Explaining
his
conversion
Mr
Allmand
said
he
concluded
its
wrong
to
kill
another
person
unless
its
necessary
in
selfdefence
and
1
couldnt
really
logically
conclude
that
to
hang
a
person
was
really
a
question
of
self
defence
Although
the
solicitor
generals
revised
position
on
gun
control
could
stem
from
his
reading
of
public
opin
opinion
¬
ion
his
switch
on
capital
punishment
obviously
wasnt
motivated
by
the
pro
hanging
sentiment
detected
by
pollsters
The
minister
is
listening
to
the
arguments
about
gun
control
thats
all
sums
up
one
official
in
Mr
Allmands
department
The
solicitor
general
is
also
persuaded
by
some
of
the
preliminary
conclu
conclusions
¬
sions
of
Internet
studies
being
done
by
his
department
the
source
said
by
DON
SELLAH
Southam
News
Services
Like
many
a
politician
before
him
Mr
Allmand
has
found
the
ideas
he
harbored
as
a
backbencher
changed
by
experience
I
submit
Backbencher
Allmand
told
Parliament
on
Dec
20
1971
that
the
easy
availability
of
danger
dangerous
¬
ous
weapons
in
this
country
is
a
scan
scandal
¬
dal
There
Is
ntf
reason
for
It
It
is
a
strange
society
where
there
Is
more
control
over
the
licensing
of
cars
and
car
drivers
than
over
weapons
and
there
is
more
control
over
the
sale
of
liquor
than
there
Is
over
the
sale
of
guns
and
ammuni
ammunition
¬
tion
Mr
Allmand
who
had
been
unsuc
unsuccessful
¬
cessful
in
attempts
to
gain
a
royal
commission
into
violent
crime
then
presented
a
plan
for
a
government
gun
control
agency
that
would
dis
dispense
¬
pense
guns
like
a
liquor
store
sells
booze
The
gun
stores
would
not
sell
a
gun
until
citizens
or
public
authorities
had
a
week
or
two
In
which
to
file
objections
to
any
such
sale
although
Mr
Allmand
did
not
explain
how
the
final
decision
would
be
made
The
Allmand
plan
also
called
for
gun
owners
to
demonstrate
their
knowledge
and
skill
with
firearms
and
thelaws
governing
them
It
included
a
requirement
that
each
gun
holder
file
an
annual
report
on
the
use
and
condition
of
his
weapon
The
backbencher
further
believed
no
holder
of
a
firearm
should
be
allowed
to
sell
trade
or
give
away
a
gun
and
that
when
he
no
longer
needed
It
he
should
given
it
back
to
the
government
run
control
agency
The
bureaucracy
Inherent
In
this
scheme
prompted
sportsmen
to
ridicule
Mr
Allmand
but
he
con
continued
¬
tinued
to
press
the
concept
of
gun
registration
after
joining
the
Trudeau
cabinet
in
1972
I
1
O
JqM
few
Miworth
ISo
its
not
another
umlhoul
ice
just
cant
gel
in
because
of
the
mail
backlog
Letters
to
the
editor
After
reading
the
article
in
the
June
6th
paper
about
the
school
bus
serving
the
Miworth
area
it
was
obvious
that
the
reporter
neglected
to
interview
either
parents
of
students
riding
the
bus
or
some
of
the
members
of
the
Miworth
Community
Association
to
let
the
pub
public
¬
lic
know
what
the
adults
of
Miworth
feel
about
the
bus
situation
As
members
of
the
Miworth
Community
Association
we
would
like
to
inform
the
public
as
to
what
our
concerns
are
regarding
the
busing
situation
Standard
Bus
Company
is
aware
of
the
terrible
conditions
of
the
road
that
the
bus
travels
Therefore
it
would
seem
that
more
inspections
of
the
bus
would
take
place
to
keep
the
bus
in
top
notch
mechanical
condition
thereby
avoiding
situations
that
result
in
the
safety
of
our
children
being
jeopardized
As
the
head
headline
¬
line
of
the
article
said
Sure
the
gas
tank
dropped
off
once
but
all
it
needed
was
one
spark
and
They
have
also
been
exposed
to
the
danger
of
carbon
monoxide
poisoning
when
the
muffler
fell
off
We
feel
that
these
and
other
con
conditions
¬
ditions
could
have
been
avoided
if
the
bus
was
inspected
on
a
daily
basis
if
necessary
After
all
when
a
bus
is
used
to
transport
children
on
a
daily
basis
safety
should
be
uppermost
in
the
minds
of
the
bus
company
The
Cranbrook
Hill
area
is
very
treacherous
and
the
Otway
Road
in
the
Miworth
area
is
very
narrow
and
windy
Because
the
population
in
both
areas
has
grown
a
lot
in
the
past
two
years
we
feel
that
to
have
a
seperate
bus
route
is
a
reasonable
request
The
students
are
now
picked
up
at
Miworth
at
715
a
m
and
except
for
some
students
at
the
South
Shore
Trailer
Park
all
the
stu
students
¬
dents
including
Cranbrook
Hill
are
at
school
shortly
after
8
Another
trip
is
then
made
to
the
South
Shore
Trailer
Park
to
pick
up
the
remaining
students
Why
not
pick
up
all
the
students
along
Otway
Road
drop
them
off
at
school
then
make
a
trip
to
Cranbrook
Hill
One
of
the
biggest
worries
of
the
par
parents
¬
ents
this
past
year
occurred
during
the
time
our
regular
driver
was
on
vacation
wherein
the
substitute
drivers
were
unfamiliar
with
the
road
which
AH
Nel
Nelson
¬
son
has
admitted
is
one
of
the
roughest
in
the
district
The
drivers
failed
to
stop
at
the
railroad
crossings
of
which
there
are
five
and
its
the
mainline
of
the
CNR
They
also
failed
to
use
the
flashers
when
making
stops
until
some
senior
secondary
students
questioned
them
about
not
using
them
This
occurred
during
the
coldest
part
of
the
winter
and
one
Monday
morning
there
was
no
driver
scheduled
to
drive
When
the
bus
arrived
over
an
hour
late
one
little
girl
had
suffered
frost
bite
and
was
unable
to
attend
school
that
day
The
driver
that
morning
turned
out
to
be
a
mechanic
These
are
basicly
the
problems
that
concern
us
as
parents
and
we
fell
that
we
are
justified
in
bringing
these
con
concerns
¬
cerns
to
the
school
board
and
the
public
The
Mi
work
Community
Association
Mrs
Joan
Lindemann
Secretary
Expensive
facade
In
view
of
the
events
at
the
BC
Penitentiary
this
week
I
suggest
we
con
consider
¬
sider
the
capital
punishment
issue
from
a
viewpoint
other
than
the
traditional
deterrent
and
retribution
angles
It
seems
that
once
a
man
has
lost
suf
sufficient
¬
ficient
respect
for
human
life
to
burst
the
psychological
hymen
which
pre
prevents
¬
vents
the
majority
of
us
from
killing
one
another
it
is
with
minimal
reluctance
thathe
can
repeat
his
crime
Consider
Considering
¬
ing
this
and
reflecting
on
the
plight
of
the
convicted
murderer
serving
a
life
sentence
who
has
nothing
to
lose
and
everything
to
gain
by
sacrificing
a
few
lives
to
attain
his
freedom
it
becomes
evident
that
the
abolition
of
capital
pun
punishment
¬
ishment
may
not
be
the
most
enlightened
reform
Coupling
the
foregoing
with
the
cost
of
maintaining
penitentiaries
the
inhu
inhumanity
¬
manity
of
coralhng
men
for
the
balance
of
their
wretched
lives
and
the
plethora
of
anarchistic
prison
dramas
I
suggest
that
the
moral
issue
is
how
rather
than
if
capital
punishment
should
be
carried
out
I
contend
that
all
trie
conventional
North
American
methods
used
in
reliev
ing
the
condemned
killer
of
his
life
are
crude
and
brutal
Possibly
this
revul
revulsion
¬
sion
removed
a
more
objective
and
realistic
outlook
on
capital
punishment
may
be
achieved
Undoubtedly
medical
science
can
provide
a
humane
proce
procedure
¬
dure
I
question
the
value
of
preserving
the
lives
of
homicidal
humans
an
expen
expensive
¬
sive
facade
for
our
collective
neo
moralistic
vanities
Roy
G
Lochhead
Whose
responsibility
The
Lakewood
Litter
issue
I
think
rests
on
the
question
of
responsibility
If
there
are
students
attending
Lakewood
who
are
not
responsible
for
themselves
who
is
to
be
responsible
for
them
Are
the
teachers
and
principal
to
be
held
accountable
for
behavior
that
was
learned
in
the
home
And
how
are
the
teachers
to
enforce
their
authority
in
this
area
when
any
attempt
at
disci
discipline
¬
pline
is
proscribed
Their
hands
are
tied
by
the
inane
rulings
and
decisions
of
the
school
board
I
have
noticed
a
number
of
letters
in
the
past
while
aimed
at
the
administra
administration
¬
tion
of
Lakewood
Jr
Sec
School
they
all
have
the
same
note
of
malice
and
seem
to
be
motivated
more
by
personal
animosity
than
by
any
wish
to
improve
anything
With
the
opposition
the
teachers
there
face
from
parents
pupils
public
and
even
theschool
board
I
am
proud
of
the
job
they
are
able
to
accomplish
As
the
parent
of
a
child
who
will
soon
enter
the
public
education
sys
system
¬
tem
I
can
only
hope
that
things
do
not
get
any
worse
They
might
possibly
get
better
if
corporal
punishment
is
brought
back
in
Littering
like
so
many
things
begins
in
the
home
If
those
who
are
hot
about
it
would
set
their
own
house
in
order
their
actions
would
accomplish
more
than
any
number
of
nasty
letters
Richard
Chzaman
In
contact
Im
taking
a
Canadian
Armchair
Vacation
It
may
not
sound
overly
exciting
but
Ive
been
ill
for
the
past
three
years
had
to
resign
from
teach
teaching
¬
ing
and
unable
to
travel
except
to
clinics
and
hospitals
Thus
Im
trying
to
make
contacts
across
Canada
for
a
study
of
our
country
Id
deeply
appreciate
anything
Canadian
eg
newspaper
post
card
magazine
map
tourist
brochure
letter
describing
home
town
photos
Freeman
Butt
Glovertown
Nfld
AoG
2L0
Ah
solitude
Last
Saturday
we
travelled
to
a
nearby
lake
with
a
forestry
campsite
for
a
peaceful
weekend
of
camping
and
canoeing
AH
was
quiet
until
Saturday
night
when
the
noise
from
the
other
end
of
the
campsite
became
so
loud
we
walked
down
to
see
what
was
going
on
There
were
about
20
vehicles
a
generator
and
tw
o
huge
speakers
set
on
top
of
a
camper
blaring
music
We
were
informed
that
it
was
a
Four
wheel
Drive
Club
of
Prince
George
This
seemed
extremely
ironic
at
the
time
to
find
a
four
wheel
drive
club
30
miles
from
town
on
a
good
gravel
road
in
a
public
campsite
having
a
party
They
of
all
people
should
be
able
to
go
somewhere
where
they
wouldnt
be
imposing
on
the
rest
of
the
general
public
I
dont
mean
to
downgrade
the
four
wheel
drive
club
but
it
seems
sad
that
so
few
eople
seem
able
to
enjoy
the
out
outdoors
¬
doors
without
loud
music
and
a
bunch
of
booze
and
for
those
of
us
who
do
like
some
quiet
and
solitude
it
becomes
har
harder
¬
der
and
harder
to
find
P
McLtod
Now
Im
bound
by
cabinet
sol
solidarity
¬
idarity
he
told
an
Interviewer
but
I
have
a
better
chance
to
transform
Ideas
Into
reality
Not
only
In
my
bwn
portfolio
but
In
other
portfolios
as
well
Two
months
after
that
interview
the
fledgling
cabinet
minister
insisted
he
still
supported
the
gun
control
laws
he
had
promoted
as
a
back
bencher
but
hadnt
placed
them
before
the
cabinet
for
study
As
late
as
last
week
following
the
double
murder
and
suicide
at
Bram
Brampton
¬
pton
Centennial
Secondary
School
Mr
Allmand
told
reporters
outside
the
Commons
I
want
to
know
how
a
boy
can
get
a
gun
so
easily
There
is
little
doubt
the
solicitor
general
Is
still
searching
hard
for
the
answer
to
his
question
but
at
the
moment
compulsory
gun
registra
registration
¬
tion
isnt
what
hes
looking
at
Playing
the
money
game
By
MICHAEL
BARKWAY
Southam
News
Services
Finance
Minister
Turner
is
in
Paris
this
week
meeting
with
finance
minis
ministers
¬
ters
from
around
the
world
who
are
try
trying
¬
ing
to
find
a
new
basis
for
stabilizing
international
currencies
That
means
in
stark
terms
establishing
the
value
of
money
John
Turners
role
is
not
only
to
rep
represent
¬
resent
Canada
He
is
also
chairman
of
the
interim
committee
of
the
Interna
International
¬
tional
Monetary
Fund
which
makes
him
something
of
a
mediator
and
a
dip
diplomat
¬
lomat
One
of
the
difficulties
of
the
prot
protracted
¬
racted
talks
about
money
is
that
the
Big
Five
the
United
States
Britain
France
West
Germany
and
Japan
disagree
among
themselves
about
some
of
the
most
fundamental
problems
There
are
divergent
and
strongly
held
views
about
whether
gold
should
still
have
a
place
in
the
currency
sys
system
¬
tem
or
whether
it
should
be
completely
replaced
by
paper
gold
in
the
form
of
SDRs
special
drawing
rights
in
the
International
Monetary
Fund
There
are
equally
strong
arguments
about
floating
currencies
Should
each
country
let
its
currency
be
valued
by
the
market
according
to
the
flow
of
trade
and
investment
Or
should
there
be
limits
requiring
each
country
to
keep
its
exchange
rate
within
a
certain
range
In
the
attempt
to
reach
something
closer
to
a
consensus
the
finance
minis
ministers
¬
ters
of
the
Big
Five
invited
Canadas
John
Turner
to
join
them
in
what
sounds
like
a
conciliators
role
For
the
world
at
large
it
is
a
far
more
important
search
for
consensus
than
the
one
Mr
Turner
has
been
pursuing
in
Canada
about
inflation
Let
us
hope
it
is
more
successful
The
Paris
meetings
are
a
reminder
of
how
precarious
the
present
patched
up
arrangements
are
in
securing
the
movement
of
money
around
the
world
Since
the
original
alarm
about
the
grab
of
oil
money
by
the
Arabs
and
other
oil
producing
countries
the
govern
governments
¬
ments
and
central
banks
of
the
developed
and
the
under
developed
countries
have
contrived
to
prop
each
other
up
They
have
avoided
or
at
least
fended
off
the
catastrophe
that
everyone
feared
But
it
is
still
an
uncertain
and
insecure
business
As
a
leading
European
banker
told
the
Bank
of
International
Settle
Settlements
¬
ments
this
week
floating
exchange
rates
can
be
dominated
by
the
private
decisions
of
relatively
few
big
institu
institutions
¬
tions
which
have
huge
amounts
of
money
ready
to
move
from
country
to
country
More
than
one
major
currency
depends
as
the
British
pound
does
on
governments
being
able
to
borrow
enough
foreign
money
to
support
its
exchange
rate
Even
the
Canadian
dollar
could
drop
a
good
deal
further
if
the
New
York
mar
market
¬
ket
becomes
too
over
loaded
with
US
Treasury
issues
to
lend
money
to
Cana
Canadian
¬
dian
provinces
and
corporations
The
big
obstacle
in
the
way
of
any
new
system
for
bringing
order
into
the
wor
worlds
¬
lds
money
is
the
continuing
inflation
When
a
country
keeps
on
running
down
the
value
of
its
own
money
it
cannot
permanently
expect
the
rest
of
the
world
to
support
it
However
clever
the
monetary
authoritiesare
and
their
ingenuity
is
very
considerable
no
real
stability
will
be
possible
in
international
exchange
rates
until
governments
can
get
a
better
grip
on
their
own
money
And
despite
the
slowdown
in
price
increases
this
year
most
countries
including
Canada
are
still
driving
down
the
value
of
money
by
driving
up
the
costs
of
everything
it
buys
The
president
of
the
Bank
of
Interna
International
¬
tional
Settlements
Jelle
Zijlstra
of
the
Netherlands
is
not
hopeful
about
a
quick
recovery
from
recession
nor
about
a
countinuing
decline
of
inflation
He
said
that
cost
inflation
is
unparal
unparalleled
¬
leled
for
a
period
of
quite
severe
reces
recession
¬
sion
and
he
found
it
particularly
wor
worrying
¬
rying
that
profits
were
being
squeezed
so
hard
as
to
prevent
the
expansion
of
productive
facilities
On
this
showing
Finance
Minister
Turner
will
not
bring
back
a
very
cheer
cheerful
¬
ful
view
from
Paris
to
inspire
his
budget
on
June
23