THIS DAY IN OUR PAST
The following events took place on October 8 in the years identified:
1970:House Approval of the
of Representatives is being sought for a government guarantee of the repayment of principal and interest for an additional loan of US$750,000 (J$625,000) to Rose Hall Ltd, which is building a convention hotel in Montego Bay. Notice of the appropriate resolution is given by Minister of Finance and Planning Edward Seaga, who laid a Ministry Paper in the House setting out the latest loan proposals regarding the hotel. 1971:J$7.5 Agreement for a
million loan to the Government of Jamaica from First Chicago Merchant Bank (Jamaica) Limited is signed in Chicago by Minister of Finance and Planning Edward Seaga. The five-year loan will be used to meet general budget obligations and is part of the Government’s loan programme for the financial year (1971). 1975:minimum
A national wage of $20 per week or 50 cents per hour for a 40-hour work week is announced by Prime Minister Michael Manley as he presents Phase Two of the Government’s anti-inflation package to Parliament and the nation. Highlighting the package is the announcement of a compulsory savings scheme estimated to collect $50 million in the first year to put into a national housing trust which will operate as a financial institution for the housing sector. 1978:Good
bowling performance from former Jamaica and West Indies pace bowler Castel Folkes with figures of 11-1-22-4, and his partner Barry Nelson with 13-4-26-3, enables their team, West Indies Pulp Papers, to reach the final of the1978 Henriques Cup cricket competition when they register a convincing 74-run victory over Ariguanabo in their three-day play-off at Kensington Park. The scores are West Indies Papers 153 for 8 declared and Ariguanabo 79 all out.
– The Gleaner Archives