Lögberg-Heimskringla - 21.02.1986, Side 7

WINNIPEG, FOSTUDAGUR 21. FEBRUAR 1986-7
Þorrablót
The Icelandic American Society of New York
The Society's yearly "Thorrablót"
dinner-dance with traditional foods
will be held on Friday 28 February
at the Summit Hotel on Lexington
Avenue and 51st Street, New York
City. There will be a cash bar from
7 p.m. and dinner will be served
around 8:30 p.m. The music will be
performed by Hrókar (alls fagnaðar),
a popular band in Iceland. The tradi-
tional foods will be prepared by Mr.
Sigurdur Sumarlidason, an expert
chef from Iceland, who will also pro-
vide us with entertainment, along
with some of the Members, who will
perform traditional Icelandic songs
and dances, in a form of "Kvöid-
vaka”, before the dancing starts
around 10 p.m.
Towards the end of the evening,
we will raffle prizes donated by Ice-
landic companies and auction a
round-trip ticket to Iceland donated
by Icelandair, which has also gen-
erously donated fares for the band,
the chef and transportation for the
food and musical instruments.
Society Members (i.e. members
who have paid their 1985-86 dues
since 14 November 1985) will be able
to purchase one ticket each for their
own use for $40. The general admis-
Economic Policy
in Iceland examined
Continued from Page 1.
expenditure instead of raising taxes.
The final outcome will not be clear
until the final reading of the budget
just before Christmas.
Already substantial reductions in
expenditure have been decided upon,
but it is absolutely vital that the trend
of rising public expenditure be
broken. Otherwise public foreign
borrowing will continue to increase,
or the government will crowd out
private borrowing on the fragile
domestic credit market, or tax in-
creases will continue to fuel inflation.
In the monetary field, the govern-
ment last year initiated some
deregulation of interest rates which
previously had been totally con-
trolled by the monetary authorities,
a policy which was not continued
this year. However, the financial
market has become more diversified:
a new form of financial in-
termediaries has been opened up
which escape the regulation of the
banking system, thereby putting the
banks at a disadvantage in the sharp
competition for the limited supply of
savings in relation to the demand for
credits. A complete deregulation of
interest rates is necessary in order to
achieve balance between supply and
demand in the monetary system.
The two vital elements of economic
policy in the present situation are a
balanced budget through a reduction
in expenditure, and a balanced
monetary system through a deregula-
tion of interest rates. These are two
important preconditions in order to
achieve a balance in the economy by
eliminating the foreign deficit and
substantially reducing the rate of
inflation. A better balance in the
economy would also facilitate a
settlement with the labor unions
when contract negotiations begin in
early 1986.
The government has outlined its
economic policy for 1986 but the pro-
gramme is too vague on the imple-
mentation of policies. Therefore it is
as yet impossible to judge how suc-
cessful it will be in coping with the
two persistent economic problems in
Iceland: large foreign deficits and a
high rate of inflation.
Ólafur Davidsson is an
economist, and is presently
managing director of the Fed-
eration of Icclandic Industries.
sion fee will be $50. Admission
charge for student members is $25
and $35 for other students. Admis-
sion after 11:30 will be $10, on the
understanding that those coming
after the dinner may nót occupy seats
of dinner guests.
All guests will be assigned tables in
the same order as payment is re-
ceived, starting closest to the band,
unless otherwise specified. Ten peo-
ple will be seated at each table. Those
wishing to be seated together are
kindly requested to so indicate on
their order.
Tickets will be mailed out if possi-
ble. Otherwise they will be held at
the entrance. Dinner guests should
check upon arrival their table
number and pick up a program for
the evening.
Seating is limited. Please send in
your order with payment as soon as
possible. This will also help us to
determine the amount of food we
must provide and the seating
arrangements. You are kindly re-
quested to confirm your order by
mail or by phone before February 15.
The number to call is (212) 949-2319.
We are pleased to announce that
through a special arrangement with
the Summit Hotel this year Thor-
rablót dinner guests will be able to
book double hotel rooms at the Sum-
mit Hotel on February 28 for $55.
The regular rate is $125-138. This is
a perfect opportunity for those living
outside Manhattan to enjoy an over-
night stay in the city at a very reas-
onable price.
Christmas Dance
The Christmas dance on December
28 went very well. There were about
140 guests and news of the event
were broadcast on the radio in New
York. An article from Morgunbladid
by Jón Ásgeir Sigurdsson, correspon-
dent, is enclosed.
News Broadcast from Iceland
Radio frequencies for news broad-
casts from Iceland have once again
been changed. They are now: 8-8:30
a.m. on 11855 KHZ and 6-6:35Þ45
p.m. on 9775 KHZ. Broadcasts will
be one hour later after the summer
time change.
Society Sponsors
Our thanks to the following Soci-
ety Sponsors for this season: Mrs.
Pamela Sanders Brement ($150) and
Mrs. Soffia Wathne ($100).
Pétur Thorsteinsson
President
New Icelandair Fare Offers Huge Savings
NEW YORK — Icelandair's new
Instant Bargain fares to Luxembourg
from New York for spring and sum-
mer offer travelers huge savings over
competitive Super Apex roundtrips
and allow stays abroad up to a year.
The Instant Bargains, which must
be purchased before April 1, are set
at $489 for May 1 — June 8 depar-
tures from JFK, and at $549 peak
season departures between June 9
and Sept. 9.
Those fares present savings of up
to $213 in shoulder season and up to
$173 in peak season over a com-
petitor’s Super Apex fares to Frank-
furt, in the same central area of
Western Europe. The latter’s fares
also limit stays abroad to 90 days or
less.
The new Instant Bargains must be
booked, ticketed, and paid for in a
single transaction prior to April 1,
and stays abroad may be from seven
days to a year. Changes after book-
ing are allowable at a charge of $50
each change, while a $75 fee applies
for cancellations.
Icelandair offers free bus service to
nine cities in West Germany, three
in Belgium, and three in Holland for
Icelandair passengers arriving in
Luxembourg. A $30 roundtrip rail
fare available only from the airline
may also be purchased before depart-
ure from the USA for journeys be-
tween Luxembourg and any city in
Switzerland served by the Swiss Fed-
eral Railways, or between Luxem-
bourg and Paris.
The Instant Bargains are also avail-
able at different fare levels from Ice-
landair gateways in Chicago, Detroit,
Baltimore-Washington, and Orlando.
For additional information, see
your travel agent or call Icelandair
toll-free at (800) 223-5500.
MESSUBOÐ
Fyrsta Lúterska
Kirkja
JOHN V. ARVIDSON
PASTOR
10:30 a.m. The Service followcd
by Sunday School & coffee hour.
BARDAL
FCINERAL HOME
AND CREMATORIOM
1 Jl/nn/peg's original Bardal Funeral Home has
V Vbeen serving the citg's needs since 1894.
Bardal Funeral Homes offers a wide uarietu of
traditional and modern services forall faiths.
For consultation contact David Pritchard or
Jack C. Farrell.
CALL 774-7474
24 Hours a Day
843 Sherbrook Street