A6 - - Wednesday, Sept. 2 23, 1981 - North Shore News Gut issue at. ‘Cap’ | The confrontation between the board of Capilano College and its faculty over the former's plan to introduce a new “mid- management” structure is of direct concern to the taxpaying public which foots 93% of the college's costs. At issue is the board’s announced intention to appoint administrative directors as a link between top management and teaching staff. The faculty association -- which was not formally consulted -- contends that the present system, whereby coordinators elected by faculty work as part-time ad-. ministrators within departments, is perfectly satisfactory. The teachers argue that the proposed new director level would only increase administrative problems. The board has now agreed that Principal Paul Gallagher should consult with the faculty on “the design and implementation” of the planned mid-management structure. This interim concession, however, should blind nobody to the gut interests that are in conflict. The faculty is jealously guarding its present involvement in administration through elected coordinators from its own ranks. The first loyalty of those coordinators is obviously to teaching ideals. The board, on the other hand, has to be primarily concerned with the severe financial restraints under which the college, like all other post-secondary education, now operates. g The board believes a new full-time ad- ministrative level will ensure better management of the college’s overall resources in the current tight money situation. In the end it comes down to safeguarding the bottom line for the benefit of all concerned: Few taxpayers are likely to quarrel with that approach. Inflation beater A recent NEWS survey showed a mere 8% of North Shore residents knew how many lincres there are in a gallon. A follow-up survey last week revealed that only 17% knew the current price of a gallon of regular gasoline. That's the metric way to beat in- flation — HIDE the prices! J sunday Are narth shore news 1139 Lonsdale Ave. V7M 2H4 (604) 985-2131 ADVERTISING NEWS 980-0511 985-2131 CLASSIFIED 986-6222 CIRCULATION 986-1337 Publisher Peter Speck Associate Publisher Robert Granam Editor4n-Chief Noel Wright News Editor Chris Lioyd Advertising Director tnic Cardwell Sports Editor Patric h Rac th Creative Director Tora France os Managing Editor Andy Fraser Generali Manager Administration Bern Hibarc Production Director Rick Stonehouse Photography Efisworth Oi ksorn Accounting Supervisor Circulation Director Barbara Keon Baoan A Elis Purchaser Faye McCrae North Shore Newe booededa THOU an an dependent oo oem aut, ver tag pang vers carved yeaeabilaeecd i apvedere oe Muesedeabes UM bine UN Pepe aggrenpoh UO Toes bwcise lan Met oN gititesteetel eran) Waedheschay ated Suapideay toy Nao tt Shore bree Prien Ct ane Ostet ated teaver, hoor one The Nortt Shore Sse ood t hans Mart Me guiteation Nueiter st Subecriptions $20 par yoar Entire contents Alt rights resorved 1981 North Sth re Free Prose Lid Noo ceompeotvsititty ote re eee SL 2 LS Fae Wee Be, ManaaCNPES and pac tae owe hat oab be ae aM pan ed le a slarngrect adr eased oovealope VE RUE EO CIRCE ATION 53 470 Wednesday $2 150 Gundey SN’. THIS PAPER IS REC YCI ABLE North Vancouver, B.C. The formance of the Canadian dollar during this summer can be traced directly to the economic policies of the Trudeau goyernment, which was guilty of a couple of dipsy-doodle _ per- major mistakes -in judgement. Those mistakes, it so happened, exaggerated each other. There's no accurate way CDNATO 7HRANTD SIN of telling how much Canadian business has spent so far this year, buying up foreign-controlled com- panies in Canada, or in- vesting in shares outside the country. The total is probably somewhere bet- ween $15 billion and $20 billion. ‘Take-overs in the energy field have been mounted largely because of Only a year ago the conventional political wisdom in our fair province was that Dave Barrett had merely to continue breathing in order to be handed a second term as premier of B.C. as soon as the next election rolled round. But today it’s Premier Bill Bennett who is beaming, while Mr. Barrett and his party go around with furrowed brows. What happened to the NDP game plan? For much of 1980 the Socreds, with their sharply reduced 1979 majority, were floundering in a morass of mini-scandals: Lettergatc, Gracie’s Finger and other “dirty tricks” allegations, not to mention popular Rafe Mair’s resignation from the cabinet In terms of the 1979 popular vote the NDP was running almost neck and neck with them Mr Barrett and his followers concluded that all they had to do was avond making any mistakes of their own and tet the Socreds get on with the business of destroying the mselves lt seemed hke a good idea at the time But in politics good ideas often have remarkably short life spans When the crunch comes. 1s footwork and facts thal Caruanl UNDER FIRE The crunch came tas March with the Kamloops by-election According to all the indicators the NDP had an excellent chance of winning that traditional Socred stronghold and (hus proving thew pomt that Social Credit was indecd a spent force. In the event, they blew it. NDP complacency and over- confidence left legendary Phil Gaglardi's fiefdom still firmly in Socred hands. Mr Barrett has never been the same man since. Neither, for that matter. has Mr. Ben- nett Since Kamloops Mr Barrett: 1s) reported to be under increasing fire from powerful sections of his caucus who have now concluded that his low, do nothing. wrong profile over the past year is getting the party nowhere Somes are even unkind cnough to remember that fie 13. after all a twice -defeated Icader Meanwhile. Mr Bennett has just wound up a cabinet tour of the BC | lntenor which probably ranks as the most successful oof those Socred public relations mtuals to date li owas marked cverywhere by relatively modest turnouts (an indication of con lentment”) at predominantly friendly mectings The premicr's message about the happy state of the BC. economy compared to much of the rest: of the No ) fast cure for ailing dollar government encouragement through tax regulations, as expounded in the national energy policy. Investment dollars leaving the country have done so _ because -businessmen saw better earning potential in othtr nations. President Ronald Reagan's government, for example, is far more friendly towards business than is the Trudeau government. When massive amounts of capital leave the country, it depresses the value of the dollar, because Canadian funds going out of Canada must be converted foreign currency — usually U.S. dollars. That creates a glut of Canadian dollars on the market, hence the price falls. Canadian governments have often had the problem in reverse, with massive doses of foreign capital coming into the country, hence pushing the value of our dollar upwards. In the current situation, the government was well aware that the buy-back sections of the national energy policy would create downward pressure on the Canadian dollar. Ottawa was counting on those pressures to be counter-acted by heavy investment coming into the country to build tar sands plants, heavy oil plants and the Alaskan natural gas pipel..c. | lure of the gove ver “i last month - lengthy, perhaps even result into | to reach an_ oil-pricing agreement with Alberta has resulted in cancellation of one $13 billion plant and postponement of a $12 billion plant. It now appears that postponement on construction of the Alaskan natural gas pipeline will be in cancellation of scheme. In addition, Alberta's oil cutbacks, and the govern- ment’s insistence until recently that the price of oil stay at less than half the world price, has resulted in more than $5 billion an- nually leaving the federal treasury. Our government is likely to find itself this year with a deficit of $14 billion, and paying interest charges of $12.5 billion to service the federal debt. With economic books in such 4 mess, it’s a wonder our dollar is worth more than 70 cents American. Now that the oil-pricing hassle between Ottawa and Alberta is cleared up, and some decisions are possible about construction of those plants for extraction of synthetic crude from the tar sands and heavy oil deposits, Canadians can expect their dollar to show some signs of stabilizing. But don't expect foreign exchange rates between Canada and the U.S. to settle down over- night. the B ane Fortune f »cus by Noel Wright continent certainly didn't do harm, ceither WINNING AVERAGES For any example a B economic growth rate last year of 3S per cent while most of Canada and the US stagnated With tl oper cent of Canada’s populatuon 25 per ceat of all the country’s new housing starts right here in our own province And 22 per cent of all the new 1980 81 yobs created in Canada Last year, 02,000 new jobs in BC. plus another $5 000 this year up to the end of August Unemployment in B.C now averaging 6 1 per cent down from 6 8 per cent per cent in 1980 and for the fifth year in a row well below the Canadian average (currently over seven per cent). Fourteen per cent of all new investment in Canada attracted to B.C. Capital investment here last year up by more than 28 per cent compared to a mere !2 per cent increase for Canada as a whole. New resource develop ment. New foreign markets More manufacturing and high technology on = our home turf. Heady stuff — especially when backed by that sacred Socred trademark a balanced budget If Mr Bennett's figures are right — which I have no reason to doubt — it would seem we British Columbians do. after all. have quite a few blessings to count Our worst problems obviously come from Ottawa rather than Victoria That apparently . ts how the premiers audiences last weck sized things up All of which might just conceivably tempt Mr: Bennett to strike while the tronis hot by calling an carly election before the op postion rcovers from its temporary disarray pohicians never coast for too lonpy on their luck That was the mistake Mr Barrett and his” cronies made Fickle Dame Fortunc doesn't like her smile to be taken for granted Good