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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 1, 1972, Lethbridge, Alberta Lockheed Aircraft stages comeback LOS ANGELES (AP) Lock- heed Aircraft Corp., the biggest United Slates defence conlrac- tor, is doing better after taking R near-knockout financial blow early last The company vras bank- ruptcy the collapse o[ Holls-Royco Ltd., the British maker of engines lo power Lockheed's IViStar Jcilincr. Even before thai, Lockheed had been staggered by a J4S4- million loss on rniliuiry con- tracts. "We think Lockheed turned tlic cornei- in 1071 aller two very bleak board chair- man Daniel J. Jlauglilon said in nn interview, "This is not lo s.ny that nrc now in Hie We hnvc lo gel many more orders for our M011 Tri-Star transport, deliver them lo the airlines oil schedule, continue lo on our other progi'ain.s, and pny off our debts. Bui we are going lo do all these things." txjckhwd earned SI5.-1 mil- lion, or S1.3G a share, on sales of ?2.B5 billion in 1971. Tills compared %vilh losses o[ Siyi.211 million on sales of S2.5-I billion in 1970 and of S32.W million on eales of S2.07 billion in 1CC9. The financial crisis that threatened Lockheed broke Feb. RAIPH C. TENNANT Art Wi Ilia mi Agcnclei ltd. ore pleased to announce that Ralph C. Tennanl has joined ole ale Mr. Tennanf has been a resi- denl of LeMibridge (or 3-J yeorj with hli wife Janet ond Ihoir two icni John D. nnd Jamei C. Ralph recently relired ai Branch Manager of Silver over 40 years wilh lhal com- pany nnrf Union Milk Co. Ho has been n member of ihe leihbridge Chamber of Com- merce, Tha Rotary Club, and Soulhmlnster United Church. Born ond educated in Mon- treal he graduated in Arts fror McGilf University. Ralph looks to ic ving his many friends and ai qualntanccs fn Southern Alberta. ART WILLIAMS AGENCIES LTD. Centre Village Mall Phone 328-8184 4, 1971, when Kolls-Royco went Mo receivership. Rolls-Rovco liail been overwhelmed by sky- rocketing development costs. A mammoth rescue operation mounted. took over the air- craft division of Holls-Hoyce Ltd., renamed it Rolls-Royce 1971 nnd provided financing for continued production 01 TriStar engines. Nixon in May, 1971, got Congress to pass legis- lation gunrnntccing million in tank loans to Lockheed. Hie congressional action en- abled government officials, bankers nnd airlines to nail to- rjethrr final arrangements for a financing program for Rolls-Royce n n d Ixickheed n-cnl ahead with the TiiSlar project. Nakasaki heads hoard of directors GRANBIIOOK (Special) Rikuiobu Nakasaki has bocn named by Crcstbrook Forest Industries Lid, as new chair- man of ihc board of directors and chief executive officer. Mr. Nakasaki, commerce graduate of the University of Tokyo, has extensive experi- ence with Milsubichi Pulp and Paper division bolh in Japan and the United States He succeeds IB months chair- man Nobuyasu Matsushita who continues CFI director, but re- turns lo a MiLsubichi Tokyo position. V. C. Brown continues ns company president but his tem- porary office ns acting general manafier has been filled with with permanent appointment o[ Clcin Gnrside. Mr, Garside came from Crow's Nest Industries Ltd. and prior to that was with major coast woods companies. This office covers boLh woods prod- ucts and pnlpmill. Weight hauling seasonal re- strictions on highways nrc now in force, cutting off log sup- plies, but all CFI wood plants have log-invcnlories enough to maintain doublc-sluft produc- tion during the months log- ging interruption for spring runoff woods closure. Wood's product prices and markets continue sound. The '100-tons daily pnlpmill is pro- ducing as rated, and remains corn milled for June, 1973, start of expansion lo double its capa- city. Annual shareholder meeting Is at Cranbrook June 2. STKAL 5 PAINTINGS PARIS (AD Five paintings by French masters were slolen Wednesday from a gallery j off the Avenue dcs Champs Ely sees. Thp, nailery director, Jacques Vcrricrc, estimated the value of the paintings by I3on- nard, Renoir, Utrillo, Derain and Boudin at CONESTOGA MOTOR HOME 1503 3nd AVF, S. 1ETIIBRIDGI, ALTA. McDONELL MANUFACTURING THE MOST COMPACT MOTOR HOME ON THE MARKET TODAY. 18, 22 and 24 ft, capacity Molor Homoi THE smoolhcst riding Molor Home made loday THE Home wilh ihe leasl roiie inside whilo truvelling THE only Molor Home available today wilh iho riding qualfry of a large automobile THE Manner of construclion of (lie 22 ft. capacity mofor Homo with recessed bumpers is ihe only Motor Homo known loday with twin gnucho beds and gaucrio cfinello thai can ba parked at a parking meler of ony cily THIS Molor Homo has more upper cupboard and Mor- age space (ban most other makes CALL at our factory and see for yourself, check the c on si ruction and make comparisons TRY OUR RENTAL PLAN Saluroay, April 1, 1972 THE UTHRR1DGE HnALD 28 Heavy loads need permits CLAHKS110LM clllors of the Willow Creek MI) have been given authority to permit truckers, with loads over the pound welfjlit limit, to uso roads under ideal conditions. There is en overall weight limit on tho MD roads to pre- vent dctcriorntion but occasion- ally !t la necessary to txceed Ihe limit nnd councillors have Ihc authority to issue permits v.licn they feel the road sur- face v.ill not suffer damage, such as Hio road bed ii dry. At present there la M per cent weight limit on nil roads in Hie cUslriet because of ths soft condition. OOPSI SORRY ABOUT THAT Johnny Weir, sadly viewing his overturned grain elevator, he will tako It apart piece by piece ond sell il for scrap. He was mov- ing his newly-purchased elevator to hli farm when il fell off the dollies, Mr. Weir said he needed it1 for his fall harvest. Chuckling Chinese envoy well briefed on OTTAWA fCP) A subtly- timed chuckle by Yao Kuang, C h i n a 's second amhassBdor here, convinced Canadian offi- cials that lie had been well briefed on the country. The boyish-looking envoy made an introductory call on External Affairs Minister Mitchell Sharp four days after his arrival nnd, among other things, extended his govern- ment's official Invitation to Prime Minister Trudsau to visit Peking. Mr. Sharp said he knew Mr. Tntdeau would be glad to ac- cept the invitation. But he that I lie re arc "difficul- ties" right now obout planning such a trip. Mr. Yao chuckled, Indicating that ho is aware of the wide- spread election dale specula- tion. Canadian have heen unahle lo provide much detail about Mr. Yao, 50. His comparative anonymity contrasts wilh that of his prede- cessor, Huang Hua, Peking's first ambassador to Canada and now permanent Chinese dele- gate lo the United Nations Secu- rity Council. Mr. Huang brought lo Ottawa last July a as one of China's foremost, diplomats, wilh personal lies to Chairman Mao and Premier Chou En-laL WASN'T AN ACCIDENT II was judged to be no Occi- dent that a man of considerable slfturc opened the; Chinese em- bassy here, considering (he sub- sequent breakthrough in Sino- American relations and China's admission Lo Ihe UN'. Mr. Yao is described more modestly as "a senior, experi- enced and competent, diplo- best known for the fact (hat lie once served as contact wilh the Americans at Warsaw. Canadians dealing with Mr. Yao have found him warm and communicative, Riven to a mini- mum of formality and a prefer- ence (or business-like ap- proach. He wears a tunic, but nobody has yet seen him waving any of the little red books bearing the thoughts of Chairman Mao. There seems little of (ho flavor of the cultural revolution about him. Ho speaks little English but his petite, silver-haired wife, Hsiao Mang, speaks it with some fluency. The couple are said to have two or three grown children hack ID China. A university graduate, Mr. Yao comes from Shansi prov- ince in north China, fn 1955 he was liead of the foreign affairs office of the Hopeh provincial government and later became director of the West European and African affairs bureau of the Chinese foreign ministry. He was political counsellor nl (he Chinese embassy in Warsaw from 1957 lo 1DG3, representing his government at Sinn-Ameri- can talks that took place spas- modically in (he Polish capital through part of the. 1930s and 1360s. He served in the Asian affairs department of the foreign minis- try from 196-1 lo IflGC, dealing primarily with Cambodia. He returned to Poland as am- bassador in August of 1970, then early this year was recalled to Peking to get ready for his reassignment to Canada. Mr. Yao has said that part of his task will be to maintain "people-to-pcople" contacts with Fiedler featured HAMILTON (CP) Arthur Fiedler, famed Boston Pops conductor, will conduct the Hamilton Philharmonic Orches- tra in a program of light clas- sics and Boston Pops arrange- ments in afternoon and evening family concerl.s at the McMas- ler University Alhlctic Centre April 1. Catherine a young Ilamillon pianist, will IK featured solcisl. Americans: Businessmen, politi- cians, journalist and sludenls who come here to lalk lo Pe- king's representatives and, in many cases, apply for visas to visit China. However, govemmenl-to-gov- emment conlacl between (he U.S. and China, will be carried on in Paris. Ollawa officials privately ex- press the hope that most of Mr. Yao's time will be devoted lo Canada, now that the Chinese have a mission ir the U.S., at the UN in New York. Seed plant closes doors WINNIPEG (CP) National NK Secdi Lid., a division of National Grain Ltd., will dose down its plant and office facil- ities in Winnipeg during the next two months, affecting about 30 employees. In a statement released today, George IleffelfingCT, president of National Grain and a director of National NK Seeds, said the move, is being taken lo decen- tralize operations. He said customers and deal- ers will continue lo served, by sales representatives in each province ami aU Western Cana- dian seed business will be ban- died by the Edmonton plant and offirn. FASTER DEATH RATE Although more males are bom in the United States, they! die off fnsler than females. EATON'S HEARING CENTRE NEW! from S1EMANS ECONOMY HEARING AIDS H. W. MATHESON Cerflficrf Hearing Aid Audiofoglit look at these fealurei 7. LOW INITIAL COST 2. LOW BATTERY EXPENSE (6 manlhi on one battery) 3. SIEMANS EXCELLENT QUALITY 1. EATON'S UNSURPASSED GUARANTEE Como In ice and Iry these nidt without obligation THURSDAY, APRIL 6th Eaton'i Stereo Room Phone 327-8551 for appointment H. W. MATHESON Certified Hearing Aid AudioTogiit Member of Nnliona? Scaring Aid Socioly Member of AlhrrKi Hearing Afd Dealers' Aisn, BERT MAC'S CYCLE LTD. BSCYCLE AUCTION SALE MONDAY, APRIL 3rd at 7 p.m. TERMS CASH NO RESERVE AT THE WAREHOUSE 1920 2nd AVE. S. 6-MOTORBIKES 50 cc lo 100 cc BOYS' AND GIRLS' BICYCLES Including Ipeccfi 10 TRICYCLES 50 USED BICYCLES All All condilioni SAIE CONDUCTED BY KliRlBURT AUCTION SERVICE LTD. Phone 328-4705 1920 2nd Ave. S., Lelhbrldge AUCTIONEERS TED NEWBY KEITH ERDMANIM lit. No, 41 Lie. No. 453 ALEX ELCHYSHYN ESTATE li MILE SOUTH THOMPSON'S STORE AT KIPP, ALBERTA MONDAY, APRIL 10TH TERMS CASH NO RESERVE SALE STARTS P.M. MACHINERY John Deere 1-IT John Deere E96A iicJo delivery raVej John DC ere No. 8 PTO 6-fl. mower; Land lovelier, Ditcher- Calkins Traslimoster 10 fl. 4 diamond li Mosscy Harris 1 ?-ff pulf iwafher; Case man urn jproadnr; Viclory 8-H. blade wi'h mark en 2-Coso pull-typo 6-fl. beet drill; Boer cu'llvnlor; Potato plonlcrj Polalo digger; Caie TO-fl. press drill; Jc-ollrny 1 0-ft. eullivalor. TRACTORS 4 TRUCK IHC formal I Super M rosw crop tractor wilh hydraulics, PTO, front end loader and bucket. IHC Formall A Iraelor with 3-poinl hi'eh ond PTO Fargo 2-ton irucV. IRRIGATION EQUIPMENT MISCELLANEOUS Approx. 50 4Q'x4" Irrigolion pipes and sprinklorij Paramount sprinkler pumpj 5" infokc, 4" outlet; Irrigation pips Truck be el box, 21-fl, grain loader; 15-ft. x 4-in. auger; Quantity of !i-ln. plywoodp Lumberi Barb wire and leg vlio. A i Jhera ore very few imoll we uj-ge everyone to be al the ihnrp at p m. HURLBURT AUCTION SERVICE LTD. Phone 328-470S 1920-2nct Ave. S. Lslhbrldgo, Alfa. AUCTIONEERS TED NEWBY KEITH ERDMANN licenig No. 41 Lcensi No, 453 For her safety and comfort. Lenses OnlyfialMhewelynl on her prelly lillle noso. Shatterprool lor maximum protection. against eye Injury. Proleclive lenses are Law in some countries advisable everyvvhcrel Available in all prescriptions. Specializing in the fitting of Doctor's prescriptions Prescription Sunglcmei O ChiTdren't tramte 0 Repair! Reaionnblfl Prlttl WILLOW CREEK SATURDAY, APRIL 15th Will be helcf on the Southern Paving Lot Located directly across from Rancher Supply in CLARESHO1.M (Over the track on Starline) 10 A.M. TERMS: CASH LUNCH AVAILABLI TRACTORS _________ ALUS CHALMERS D21 DIESEL CAB ONLY 1300 HOURS Alii! Chalmers 17, three-pninl Mich, l.ydmulic, lil-lo Irammmion, overhauled, Allii Chalmers XD 190, cabj Allil Chalmers WD gns. PTO. COCKSHUTT 1850 DIESEL 1966 MODEL CAB FENDER TANKS, 100 GAL. FUEl CAPACITY TOTAL Cockihull 770 gas, cab, AT condillnn, nnw lire! on back; Caie 930 diejel, 1962 model, cnbr Massey Ferguson 97, good condilion; Massey Ferguson 95 diesul, ccb, fcrguscn 95 dlcsels; Fergur-on 95 pro- pane, cab, overhauled, good running order; Massey 102, rear tires, Chrysler molor overhauled; Mussey Har- ris 55 difsel; Masic-y Harris J-l 1 Mfnnecpclis-Moline GBD diest-ls; IHC 560 propane, exccllonl condition; IHC 560; IHC 656, cornpkle wifri torque-'fier and power steering; IfiC 450 gus, complele wilh I-C (cade-, lorquo amplified, PTO; IHC Super WD9, hydraulics, excellent con- dilioni W6 gos Iraclors. DiSCERS John Deero 12 fl. Surflox discer; Mossey Morris mode] 26 15 fl.r CCIt 18 It. dister cJmpklc- wilh seed box and fcrlilizer aHachmenl. ROD WEEDEHS AND PLOWS Edwards 36 fl. rod wcedcr, 5 shares; Edwards It ft. rod weeder, 2 row shanVsi IHC 14 fl. HD rod weederi John Deere 12 ft. 400 rod weederr Graham 12 fl. chisel plow with rod weednr attach.; Graham 15 fl. chisel plowj Cocfcshutl 12 fl. chisel plow wilh rod weedflr; Massey Fer- guson 14 fl. 2 furrow plow; John Deero 650 14 fl. chisel plow. CULTIVATORS Cocksnull T6 fl. HD cullivalor, Cock-.hull M ft. HD culllvolor: 10 fl. AU row crop cullivolor for 1020, 1120 or 2020 John Deere Uaclor; Noble double implement hitch, model odjuslable for 10 fl. or 14 fl. cultivator, almost new. BALERS Mossey Ferguson No. 12, 1970 model. Only baled b.iles! Massey Ferguson No. 12, ready to ga; Masiey Ferguson No. 12, molar rfriver. good condition Massey Fer- guson No. 10, completely reconditioned; John D'.'ero No. 1 4 Ti John Deere No. 2 Dale Elector tor 24T John Deere baler, IHC 46 baler, bales; IHC .17 holer, PTO; New Hol- land 269 baler with super sweep pick up and Allseed slookcr; New Hclland No, 272 baler, VH 4D Wise, molor. NEW HOLLAND 1035 BALE WAGON SEIF PROPEILCD, 69 BAIE CAPACITY. COMPLETE REBUIIT MOTOR, NEW ClUTCH SWATHERS Versatile 15 fl. model 103 self propelled iwolher, Versatile 18 ft. model 103 self-propelled swolher; 2 Massey Ferguson No. 20 jwalheri; Mosjey Ferguson No. 34 iclf propelled 12 ft. swo'her with hay cond., nick-up reel, good motor, 45 h.p.; John Deere No. 215A self-propelled 14 fl. swather wilh hoy cond good condition; New Holland 90J self-propelled 14 fl. MISCELLANEOUS 2 John Doerc model 24D (fexl planters wMh jecd pfales; .1 8 fl. fert attachments, new model 80 Corninco for Noble drills; Noble hoe drill, 2 7 fl. sections wilh fert. atlatrlTment and hilch; John Deere suK.y rake, 14 ft., new; IHC 1957 ion "ruclc; tA Caso loader: DU AtL No 300 front end loader; Moyrath 41 ft. gmin auric' with electric liar! gas mc-lpr; Diamond chaff hlawer rompletu with woqon to fit 4B" combine; Johnson 11 fl blarlci Portable 300 gallon 7. compartment fuel lonk. 8000 IBS. BJ MIXER WAGON COMPLETE WITH ELECTRONIC SCALI NOTE; 1. Pleaia rnoVo your own flnoncinl orranrjementi prior to snlc. 2. The above list ii subject to deletions ond additions. Consignments will ba accepted until Friday, April M. 3. All equipmenl mirsT removed from the lot by Ihfl purchaser before April 19, 1972. AUCTIONEERS KEN HURLBURT TED DAVE McNAB licence No. 274 Licence No. 41 Liccnco No. 670 ;