Page 10, Febroary 4, 1979 - -Suriday News |

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The Governor of the Bank
of Canada, Gerald Bouey,
has been called in by the
House of Commons Finance
Committee to explain why
the Canadian dollar’ con-
tinues its slide on foreign
exchanges.

Gerald Bouey will address

a special meeting being held

Tuesday, following con-
tinued pressure on the
government by ‘the Con-

a

Election fever
hits Grits!

A federal election will be

’ held this spring.

Confident that -
chances of winning are now
better than ever,

Minister Trudeau for a snap
-election. -

But he ‘responded this
week by telling supporters

he doesn’t want an election |

‘in the slush”, although he
hopes to have the election
behind him by May.

British Columbians - will |

probably .also- find them-
selves voting provincially as
well, before long. .

Premier Bennett’ told ao
Sucred mini convention at

Williams Lake last weekend .

their.

Liberals
have been pushing Prime ©

servatives who are
demanding emergency
measures to prop up the
dollar.:

This week the dollar
reached a 46-year low of just
over 83 cents U.S. and with

‘the U.S. dollar itself suf-

fering on foreign exchanges,
M.P.s are demanding to

know why the Canadian >

dollar is dropping in spite of
heavy borrowing.

TRUDEAU, - “not In the
slush”

to be ready for an election
-and..warned supporters, not
to underestimate Dave
‘Barrett or. .the NDP,
“describing ‘both as “tough
and. smart”. .

The cost of those
‘free’ shares

Distribution of the five
shares that every British
Columbian will receive as a
‘result of premier Bennett's
giveaway will cost the
province $24 million in
administration costs alone,
according to the calculations
of Conservative leader. Vic
Stephens.

Stephens
government

says the
should either

sei the B.C. Resources
Investment Corporation and
give the benefits to the
province or put the shares on

the market at realistic
prices.
Since Bennett's an-

nouncement of the shares
giveaway, it has become
known that such
shareholders will have no
voting rights affecting the
corporation.

Chinese next to
enter Cambodia?

Uncertainty over China's
position concerning Cam-
bodia increased this week
with Chinese vice-premier
Deng visiting U.S. president
Carter.

Both Russia and Vietnam
have warned China to stay
out of the turmoil of the
Cambodian invasion by the
Vietnamese and Carter has
asked for an assurance that
China will not enter the
fighting.

But this week, Deng, who
has until now said China has
no interest in becoming
involved, said that China
may not be able to just sit
back and watch the Vietna-
mese invasion and may be
forced ‘to do what it does
not want to do."'

Reports from Cambodia
point to a comeback by
guerrilla supporters of the
deposed government of
prime minister Poll Pott
regaining control of a signif-
icant area of the country.

Pope leaves Mexico

Pope John Paul I left
Mexico wcanesday after a
visit which has been unani-
mously hailed as one of
Mexico's finest moments. |

The visit is being regarded
as a highly successful public

relations exercise for the
Vatican but one which has
failed to heal the rift between
conservative and liberal
Catholics.

The Pope was seen off by
at least 250,000 Mexicans.

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Latest poll shows

anada sa

Canadians are over-
whelmingly against the
separation of Quebec but

‘more than half Quebeckers

want to leave confederation,
according to the results of a
poll made known this week.

Of people polled across
Canada, only 19 per cent
favored separation. But in
Quebec, the number of

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people whe answered yes to
the same question jumped to
64 per cent.

On the question of
sovereignty association,
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Meanwhile, premier
Levesque has been asked
whether Quebeckers would
be able to retain dual

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nationality with Canada. i
the province separates.

He réplies: that’: such _an
might 6
possible. Even so, he says
would be on a basis w ere
Quebec is clearly put firs
and, whether French. o

English speaking
Quebeckers should start
getting used to the idea now
he adds.

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