A4 - Wednesday, May 18, 1983 - North Shore News

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By UNITED PRESS CANADA

TORONTO — Increased

cooperation bétween
commercial banks,
governments and

creditors will be the
comerstone to solving the
international debt crisis,
Royal Bank of Canada
vice chairman Robert
Utting says.

In an address to the
annual conference of the
Financial Analysis
Federation, - Utting said
the world’s major banks

MONTREAL — The
former acting chief of the
RCMP’s anti-terrorist
squad was handed a six-
month suspended  sen-
tence Tuesday and a
further six months on
probation for his part in
the theft of a Parti
Quebecois membership
list more than a decade
ago.

Alcide Yelle, the first
of 11 active and former
Mounties accused in the
incident to be found
guilty, listened = im-
passively as Sessions
Court Judge D'Arcy

TORONTO — Finance
Minister Marc Lalonde
says his budget was just a
“starting line” towards
sustained economic
recovery and Canadians
must learn to help
themsclves if the country
is to be less dependent on
outside cconomic in
fluences

“What's ahcad 15) a
long, hard dnve for a
durable economic

GENEVA. Switzerland
The United States and
the Soviet Union Tuesday
renewed talks on hbmung
medium range nucicar
missiles in’ europe. but
prospects for rapid
progress appeared bicak
Ending a scven weck
recess, the Amencan and
Soviet acgouialing (cams
met for two hours at une
Somet delegation offices,
but madc no statemcots
at the end of the session
cacept to announce the
date of the next meeting

World banks
‘learned lessons’

Quebec Mountie
sentenced

learned valuable lessons
from the recession and
are capable of solving the
massive debt dilemma.
“To those proposers of
panaceas for resolving
these problems and to the
born-again intervention-
ists, I would suggest that
they stand out of the way
and let us get on with our
job,” said the Royal Bank
executive. The bank is
Canada’s largest and one
of the world’s biggest
international lenders.

Asselin pronounced
sentence.

Yelle, a  28-year-
veteran of the force,
refused comment as he
left the courtroom.

In imposing sentence,
Asselin quoted Winston
Churchill who said, “If
you bring up the past to
argue with the present,
you are liable to lose the
future.”

The judge noted the
charges arose “following
the bad days that our
society experienced and
that were known as the
October Crisis.”

‘Long, hard drive’
says Lalonde

recovery which no budget
alone can creatc,”’
Lalonde said in a speech
to the annual conference
of The Financial Analysts
Federation, which
represents some 15,000
analysts.

He said the Apni 19
budget was behind
Canada, “much as a
starting linc 1s left behind
by ao long distance
ruancr ”

Arms talks
appear bleak

Cmecf US. acgottator
Poul HH Nitze and his
Sovict counterpart, Yuli
A Kvitsinsky. shook
hands for photographers
at the start of the acw
round of ncgoustiuns, the
sixth since they began 18
months ago

In their return to
Geneva during the
weckend Nitre and
Kvitsinskh) cach blamcd
the other side for the
dcadtiock in the
discussions

sale.

ADVERTISING the big sale, Aaron Feaver holds his
sign aloft while Sean Lee's gestures direct motorists on
Mount Seymour Parkway to last Saturday's garage

Blackburn sticks
by her comments

FROM PAGE A1

parisons to this year’s budget
as being completely
erroncous,” Humphreys
declared.

“This budget.” he con-
tinued, “has stayed at almost
the same level of ex-
penditure as last year in spite
of the fact, as has been
constantly repeated, that
$1,069,000 came into effect
which adversely affected our
cash flow through no
jurisdiction of the
municipality itself.”

He also noted = that
provincial grants had been
reduced by $1.3 million.

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“In spite of all that, we
have only a half per cent
increase in expenditures. We
can be very proud of this.”

Blackburn did not reply in
council to the mayor's
criticism, but after the
meeting she told The News
that her comments of the
previous week still stood.

She said there were many
grey areas of the budget of
which she disapproved,
inchuding the re-upholstering
of council office furniture.

Council gave final
adoption to the bylaw for the
levying of 1983) municipal
taxes against Blackbum’'s
singic opposing vote

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