PAGE.B§.! Debate on British Columbla’s,° firat ‘budget -over-.two billion! dollars will continue.Lhis week, as the -Legislature’s: Spring, -- Session “enters its (hind week. Permier David’ - Barrett presented his (Februaryli}. and Opposilion members began on Tuesday to tell the Government how lhey think the budget should be changed. - : Opposition Leader — Bill Bennett made his first major speech Tuesday, and Dr, Pat McGeer (Liberal-Point Grey) followed Bennett's speéch by presenting his traditional alternative budget. , . Meanwhile, the Government has begun introducing its first : major bills, On Tuesday, At-. —— Cl torney-General Alex Macdonald < introduced" Bill 6, the Crown Proceedings Act, which permits any person to sue the Crown. - On ae ER ee 7 “Resource — Dividend Budget" last Monday. - Monday, following — Barrett’s: budget. speceh,. the} Government: Introduced “umber of bills, Including the! Elderly. Citizen Renters Grant: . Amendment Act, . which ‘pravides a $30 per year grant lo every renter in B.C, and $20 for renters over age 65. oy On Wednesday, Resources Minister Bob Williams made a: major speech on how the Government has acted Ia two regions, the Koctenays and the. Northwest. a On Thursday, . Housing Minister Lorne Nicolson un- veiled his depariment’s plans for the coming years, including the intention to use federal government housing assistance funds much more fully than the previous administration, (Details of these and other’ items follow.) NEWHOUSING INETIATIVES Housing Minister Lorne Nicolson announced in the dnp amar ign arene and damanrner) KOS Sno ¥ ASB PEs ba Legislature Thursday (February 14) a multi-faceted program to encourage and provide housing throughout British Columbia. — ‘ Despite a record 37,627 rdw housing starts in 1973 as well as tremendous inillatives by the Province in the area of co- operative, senior citizen and family rental housing, there is till aserious housing shortage in _B.C., Nicolson said, This Is largely due to the scarcity of serviced lots, highinterest rates and the soaring cost of building materials. . Nicolson stated that the Government intends lo attacks the housing crisis this year with Console Pack d music package. ie ae etme nn tna —— TT a $100,000,000 += initiative ‘designed to complement the federal Central Mortgage and Housing Corporation programs and the efforts of private in- - dustry. . Of this total, $50,000,000 is to be placed. in the Housing Dd- partment’s estimates for housing and development, 900 recent more than has ever been allocated for this purpose in any previous Budget, The money will be spent on ‘initiating 2,500 family rental ‘units and 1,500 co-operative | housing units.“ It will be used to service more than 1,000 home fots in Crown subdivisions as well ig to purchase and_ Acquisition ‘Fund for the new , J a ” ' * . . oT i Lloyd’s “Deluxe” stereo console pack- flage. offers everything you need in | home entertainment plus great satis-. faction of. savings. Quality sound sys- tem complete with distinctive walnut. grain finish for one low price! PLUS added six-piece BONUS. Complete 249.99 ‘cover x @ Built-in 8-track player sn bee weer memantine an @ AM/FM tuner @ 4-speed:BSR changer. with dust — @ High fidelity reflex. speakers .@ Handsome walnut grain cabinet EATON'S oon Peet raat a “THK HERALD, TERRACE, BC. | £ Zi Re assemble’ fand for future -housing needs, And it will also be used to help municipalities meet the cost of the Neigh- bourhood Improvement Program, An additional: $10,000,000 has: been allucated for the con- struction of senior citizens. accomodalion, more than double the amount of any previous year. ‘i think the year ahead will see a vast expansion in the building of homes for the pioneers who made Province whal itis today,” said Nicolson. 7 . The remaining $40,000,000 will go to the Provincial Home this - first mortgage and house conversion loans programs, together with the “home acquisition grants and pecond mortgage loans provided in the past. . First mortgages given by the Government will enable moderate income families to get a start on home ownership without providing them a life- long subsidy. These morlgages _awill initially be restricted ‘to new homes or strala-title dwellings built on Crown leased land. The interest rates will be low and will very with income. “The firat mortgage program combined with our land leasing policy will create a package “ WEDNESDAY, FEBRUARY 27, 1974 cand Vietorla‘areaga. 0000: Nicolson. also ‘informed, ‘the. : “LA's that amendments to the.” ‘Municipal Act’: will ‘be In that will do more to assiat low *. and moderate income people to - get into the position of home. has been done. before by any other government. ownership than in Canada,"’ said Nicalsen. He said legislation will als also be introduced this Session to offer home-owners' mortgage money to convert part of their dwelling inta new -rental ac- comodation. ‘There are vast areas in the Lower Mainland that could take advantage of sucha program and many large residences which, if converted, would provide good housing for families and genior citizens, sald Nicolson. During hid speech to the — Legislature, Nicolson’ an- -nouneed thal 95 percent of the shares of Dunhill Developments Lid. have now been tendered, and Dunhill is presently operating as ons of the housing development arms ‘of the Government in the Vancouver troduced this Session which will -** allow municipalities to Include “in their {ax assessments housing built under the Elderly Citizens Housing Ald Act. “At the same time, the Government will provide rent supplements lo the sponsors of guch projects lo . protect elderly. residents from any rent increases resulting -from the legislative change. : sf we | an St iit fl A Daylight savings tone? Tn some areas of the: alps, it was believed that the sound- ing of a horn would prolong daylight!. ~ . sie iat ah tn he - G-PIECE BONUS | - @ 4records -.@ 7 8-track tape. ot sat headphones aa wet et gee Use Your Eaton Account. Thisis Credit terms available. thelast word ~~ ip Shopping - _ Convenience Je inte PR te ee