} Donato —e_, aan ae 1979 . of increase, -A,major drop in world grain production is expected . AO set off another round of meat and bread price in- - “vereases. The U~LS.- agriculture organization says the grain trade will be off by at least: five percent, while world demand isgoingup. Experts. feei ‘this will s start “~a, ripple effect-which —will . Cause meat and bread prices to increase. . . ‘The main reason for the ‘projected: world. decrease in HNA TYSHYN SA ys Major energy speech ; soon ‘The federal . minister of enérgy expects to make a major -announcement- soon about energy conservation measures. i At~ the Tokyo summit, Prime Minister Joe Clark promised to keep the growth in Canadian oil consumption : cent cut in the current ‘rate food © and ‘grain production is the fact that the . Soviet. Union harvest is expected to be ten per cent lower than earlier. harvests. os This decrease: is equal to . the total projected Canadian, ar wheat harvest. The situation in the Soviet - Union means that - ‘country, " Canadian grain production this year. may reach. the ‘record levesl fo 1973-74, _ although North | American’ total ; production | will ultimately- ‘depend on ‘weather: ‘Conditions. However,.. the ‘depressed Poy vahie-of the Canadian dollar -means ‘the -real- price of Canadian wheat. will be -substancially | jower * than ~-wilF-have-to- ‘buy substancial— quantities of wheat, and this, coupled with a- strong demand from - China . and: : other traditional - ‘grain. importing. nations, will create a world shortage. Ray. Haatyshya, | the. energy minister, ‘says - his . officials-- are---working’-on - plans that will likely include: tax incentives ‘to conserve _ energy, and higher - ‘home : insulation grants. 4 Officials are also studying. to find which measures. will - The latest round of world “three or four years: ago. ion ¢ The’ equivalent “of las ‘year's crop js stil] sitting in storage, and most of it is still on the farms where it was produced. a. downward. ‘effect on ‘Canada’s. -economic: “con- -dition,~ according “to “John - Crosbie,” the “minister . of finance. * He says measures. to ‘minimize the effects of the economic slowdown will be outlined in-his first budget, _which will" probably be to one per cent a year require parliamentary fore | tabled i in October. between 1980 and 1985. proval and should therefore __ tHowever, Crosbie-says an: ‘ be- included in the. fall ys THE MAGNIFICENT SEVEN This will require a 50 per budget. announcement indicating .the governments fingncial _ plans. may: be. made before ” oil. price: increases. will have _ ME From Vaughn at Sather Gate Canadian money at par! | sale ends Sunday July 15- so hurry !. \| Our Buyers have Over-Bought - And to Balance our Inventory we must Sacrifice $300,000.00 of ist Quality Menswear at Incredible Prices! all are first quality leather belts $500 Special Group sweaters Reg. $15.00. Special Group Hecnnewanogor Tettheal bs , N ane’ pn A lnday Special Group sporicoats Reg. $110.00 ties. $ All Silk and Cotton Blends yO Wool blends huge selection $7900 $9900 $4 2990 REG. $210 REG. $230 REG, $210- $240 219 $399 ladies slacks and tops at giveaway prices Northwest Ave., fe |