OTTAWA - Canada’s economy will climb out of the .prolonged recession and enter a period of slow steady growth during the next five years, the Conference Board of Canada says. Both inflation and interest rates will ease significantly, unem- ployment will peak at about 13 percent this —-winter—an 10.5 percent for the next five years, the board said Tuesday in its annual BELFAST, Northern Ireland - The Irish Republican Army said Tuesday it “executed” a Protestant hostage in the third sectarian killing in two days in the province explosively divided over last week's assembly elections. Police in Belfast issued an official statement warning of further possible acts of terrorism following the death of Protestant Thomas BONN, West Germany - Helmut Schmidt told Social Democratic Party leaders he will not run for chancellor again in the national elections next March, informed party sources said Tuesday. “It is time for younger men to have a go,” West German television quoted Schmidt as saying before Monday night's meeting of the 12- to consider the election campaign. The sources said WASHINGTON — A committee of Roman Catholic bishops is urging a freeze of nuclear weapons at a minimum deterrence level as a step toward progressive disarmament = involving “negotiated bilateral deep cuts.” The committee Monday rcleased a second draft of — its controversial 110-page pastoral letter, “The Challenge of Peace: A4 - Wednesday, October 27, 1982 - North Shore News. F—at—_the-board-sai member party presidium | ‘climbing out’ Medium Term Outlook. The federal deficit, now estimated at over $20 billion, will drop to $13 billion by 1987 as interest rates on the debt fall and unemployment benefits gradually decrease. . An improved economy in the United States and the prospect of lower inflation in Canada are the pointing to the’ recovery, that the recovery ‘would start _ slowly but . .pain momentum. IRA take credit he, for killing Cochrane, a sergeant in the Ulster Defense Regiment who was kidnapped Friday. “Sergeant Cochrane was executed, and the exact location of the body will be revealed when security allows,” said an IRA statement phoned to Belfast radio. , A Belfast ‘police spokesman said it had no reason to doubt the IRA claim but said it could not be verified. Schmidt, who will be 64 in December, rejected pleas of the presidium he lead the party against Chancellor Helmut Kohl in the March 6 parliamentary election. There was no official confirmation of the reports, but it long has been known that Sch- midt, whose 8-year rule as chancellor was ended Oct.. ! by a parliamentary no-confidence vote, was reluctant: ‘to run again: because, of his age and health. Bishops want | nuclear freeze God's, tromise. and Our the - 300 Catholic’ bishops | will debate in. Response,” which nation’ 8s their annual mecting next month. It will be voted on ata special meeting to be called next spring. “As clearly un- satisfactory as the deterrent posture of the United states is from a moral point of view, use of nuclear weapons by any of the nuclear powers would be an even greater evil,” the draft letter said. two - key factors | “Tremendous step forward for arts FROM PAGE A1 mayor; Pat Boname, member of the parks and recreation board; Gerry Glavin, CAC president; Kam Brasso, CAC director and trustee of Presentation House; Mary Zentek, past president of Vancouver Art Gallery volunteers associa- tion ; and Peter Finch, presi- dent of Park Royal Shopping Centre and vice-president of marketing for the Van- couver Symphony Or- chestra. All are residents of West Vancouver. Deputy Municipal Manager Dr. Bob Collier will Ov “Call 98 liaise between the task force and council. “This is a tremendous step forward for all the groups in- volved in the arts in -this area,” said Mayor Derrick Humphreys. Presenting the plan to council, Ald. Hicks said the idea for the task-force has come about after discussions with the arts council and “a long history of requests for an arts centre in West Van- couver.” He said the task force would be expected to make specific proposals for an arts centre and the’ suggested ‘time frame was to have. a’ tentre for the community. by . Expo year 1986. “The idea for the centre was first mooted in 1960 and has had “a long and che- to pay for themselves.” Previous:.efforts to get a centre “had- “concentrated on sites. and’ buildings without “quered career” since then, first establishing a need, said said Glavin, CAC president. The problem in the past he said’ was a lack of understanding about what an arts centre would be - place to enjoy the arts on a semi-professional level. ing the task force would méan a new understanding by West Van- couver citizens, he said: “People should realise that performing and visual arts are just as vital to the com- » munity as sewers and roads. ‘They should not be expected ‘Garden Gazebo | 6-5201 TODAY! Glavin. a “This time we are starting at the ‘beginning | and I'm really. optimistic it will go ahead,” he said. Community Arts Council co-ordinator Lois Murton thinks that sporadic attempts in the past to establish a cen- tre had failed because the arts groups were divided about what they-wanted. ; “Now I am _ there to spearhead a concerted cam- paign and -co-ordinate all their needs,” she said.