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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- heal Aircraft Corp., the biggest TJnilwi Slates defence conlrnc- tor, is doing better after taking ft near-knockout financial blow early last The company was near bank- ruptcy after the collapse o[ Rolls-Hoyco Ltd., (lie British maker of engines to power Lockheed's new TriSlar Jetliner. Even before that, Lockhctd had been staggered by a million on miliuiry con- tracts. "We think Lockheed turned the cornei- in 197! after two very bleak board chair- man Daniel J. Haughlon said in nn interview. "This is not lo say that we nrc now in the clear. We have to get many more orders for our M011 Tri-Star transport, deliver them to the airlines on schedule, continue to perform on our other programs, and pny off our debts. But we are going to do all these things." Ixickheed earned mil- lion, or a share, on sales of billion in 1971. This compared with losses o[ million on sales of billion in 1970 and of S32.W million on tales of S2.07 billion in 1969. The financial crisis that threatened Lockheed broke Feb. RALPH C. TENNANT Art Williams Agcnclci ltd. ore pleased to en n ounce the! Ralph C. Tennant has joined their firm a reat estate sales- man. Mr. Tennont has been a resi- cJenl of LeMibridge ior 24 yeorj with his wife Janet and their two icni John D. and James C. Ralph recently relired ai Branch Manager of Silverwoods ever 40 years wilh (hot a pony and Unfon Milk Co. Ho hos been a member of ihe lelhbrldrje Chamber of Com- merce, Tha Rotary Club, and Soulhmlnster United Church. Born end educated in Mon- treal he qraduated in Arts froi McGilf Universily. Ralph looks to ser- ving his many friends and quaintariccs fn Southern Albc ART WILLIAMS AGENCIES LTD. Centre Village Mall Phone 328-8184 4, 1971, wlien Kolls-Royco went into rcceivci'ship. been ovcnvliclnicd by sky- rocketing development costs. A mammoth rescue operation was mounted. took over the air- craft division of Rolls-Royce renamed it Rolls-Royce 1971 and provided financing for continued production of IViStar engines. Nixon in May> 1971, got Congress to pass Icjps- lation guaranteeing tnillion in bank loans to Lockheed. Tho congressional action en- nbled government u f ft c i a 1 s, bankers and airlines to nail lo- Rdher final arrangements for a financing program for Rolls-Royce a n d lyjckbced went with the TriSlar project. Nakasaki heads board of directors CRAN BROOK (Special) Rikir.obu Nakasaki has been named by Crcstbrook Forest Industries Ltd. as new chair- man of the board of directors and chief executive officer. Mr. Nakasaki, commerce graduate of the University of Tokyo, has extensive experi- ence wilh Mitsubishi Pulp and Paper division both in Japan and the United States. He succeeds 18 monflis chair- man Nobuyasu Matsushita who continues CTI director, bui re- turns lo a MiLsubicM Tokyo position. V. C. Brown continues as company president but his tem- porary office as acting general manager has been filled wilh with permanent appointment of Clem Garside. Mr. Garside came from Crow's Nest Industries Ltd. and prior to that was with major coast woods companies. This office covers both woods prod- ucts and puipmill. Weight hauling seasonal re- strictions on highways are now in force, cutting off log sup- plies, but all CFI wood plants have tog-invenlories enough to mainlain doublc-sliift produc- tion during the 2'i months log- ging interruption for spring runoff woods closure. Woods product prices and markets continue sound. The daily puipmill is pro- ducing as rated, and remains committed for June, 1973, start of expansion to double its capa- city. Annual shareholder meeting Is at Cranbrook June 2. STEAL 5 PAINTINGS PARIS (AP) Five paintings by French masters were stolen Wednesday from a gallery just off the Avenue des Champs Elysees. The gallery director, Jacques Verriere, estimated the value of the paintings by TJon- nard, Renoir, Utrillo, Derain and Boudin at CONESTOGA MOTOR HOME 1502 3nd AW, i. 1ETHBRIDGE, MTA. McDONELL MANUFACTURING THE MOST COMPACT MOTOR HOME ON THE MARKET TODAY. 18, 22 and 24 ft.'capacity Motor THE smoothest riding Motor Home made today THE Home wilh ihe least noise inside whilo travelling THE only Motor Home available today with iho riding qualify of a large automobile THE Manner of construction of tlie 22 ft. capacity mofor Homo with recessed bumpers is the only Motor Homa known today wifh (win gnucho beds and gaucho dinette thai can bs lawfully parked at a parking meler of nny city THIS Molor Homo has more upper cupboard and stor- age space than most other makes CALL at our factory and see for yourself, check the construction and make comparisons TRY OUR RENTAL PLAN _ Salura'ay, April 1, 1972 THB UTHBRIDOE KCTAVD 25 Heavy loads need permits CLAKESI10LM clllors of tlic Willow Creek Ml) have been given authority to permit truckers, with loads over the pound weight limit, to uso tlm roads under ideal conditions. There is an overall weight limit on the MD roads to pre- vent deterioration hut occasion- ally !t la necessary to exceed the limit nml councillors have the authority to issue permits when they feel the road sur- face will not suffer damage, such as when tho road bed ii dry. At present there Ls SO per cent weight limit on all roads in the dislrict because of th( soft condition. OOPS! SORRY ABOUT THAT Johnny Weir, sadly viewing his overturned grain elevator, says he will It apart piece by piece and sell it for scrap. He was mov- ing his newly-purchased elevator to farm when it fell off the dollies, Mr. Weir said he needed it1 for his fall harvest. Chuckling Chinese envoy well briefed on Canada extended his govern- official Invitation to OTTAWA (CP) A subtly- timed chuckle by Yao Kuang, C h i n a "s second ambassador here, convinced Canadian offi- cials tliat he had been well briefed on the country. The boyish-looking envoy made an introductory call on External Affairs Mitchell Sharp four days after his arrival and, among other things, ment's Prime Minister Trudsau to visit Peking. Mr. Sharp said he knew Mr. Tnideau would ho glad to ac- cept the invitation. But he added that there are "difficul- ties" right now about planning such a trip. Mr. Yao chuckled, indicating that ho is aware of the wide- spread election data specula- tion. Canadian officials have been unable to provide much detail about Mr. Yao, 50. His comparative anonymity contrasts with that of his prede- cessor, Huang Hua, Peking's first ambassador to Canada and now permanent Chinese dele- gate to the United Nations Secu- rity Council, Mr. Huang brought to Ottawa last July a as one of China's foremost diplomats, with personal tics to Chairman Mao and Premier Chou En-lai. WASN'T AN ACCIDENT It was judged to be no acci- dent that a man of considerable stature opened the Chinese em- bassy here, considering Ihe sub- sequent breakthrough in Sino- American relations and China's admission to the UN. Mr. Yao is described more modestly as "a senior, experi- enced and competent diplo- best known for the fact that he once served as contact with the Americans at Warsaw. Canadians dealing with Mr. Yao have lound him warm and communicative, given to a mini- mum of formality and a prefer- ence for business-like ap- proach. He wears a tunic, but nobody has yet seen him waving any of the little red books bearing the thoughts o[ Chairman Mao. There seems little of the flavor of the cultural revolution about him. He speaks little English but his petite, silver-haired wife, Hsiao Mabg, speaks it with some fluency. The couple are said to have two or three grown children back ia China. A university graduate, Mr. Yao comes from Shansi prov- ince in north China. In 1955 he was head 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 at (he Chinese embassy in Warsaw from 1957 to 19G3, representing his government at Sino-Ameri- can talks that took place spas- modically in the Polish capital through part of tho 1950s and 1960s. He served In the Asian affairs department of the foreign minis- try from ISM to 1SG6, 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-people" contacts with Americans: Businessmen, politi- cians, journalists and students who come here to talk to Pe- king's representatives and, in many cases, apply for visas to governmerit-to-gov- visit China. However, eminent contact between the U.S. ami China will he carried on in Paris. Ottawa 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 in Ihe U.S., at the UN in New York. Seed plant closes doors WINNIPEG (CP) National NK Seeds Ltd., a division of National Grain Ltd., will close down its plant and office facil- ities in Winnipeg during the next two montlis, affecting about 30 employees. In a statement releafed today, George Heffclfinger, president of National Grain and a director of National N7K Seeds, said the move is being taken to decen- tralize operations. He said customers and deal- ers will continue to be served by sales representatives in each province and all Western Cana- dian seed business will be han- dled by the Edmonton plant and office. FASTER DEATH RATE Although more males are born in the United States, they die off faster than females. Fiedler featured HAMILTON (CP) Arthur Fiedler, famed Boston Pops conductor, will conduct tho Hamilton Philharmonic Orches- tra in a program of light clas- sics and Boston Pops arrange- ments in afternoon and evening family concerts at the Jlrtlas- ter University Athletic Centre April 1. Catherine Sameiz, a young Hamilton pianist, will be featured soloist. EATON'S REARING CENTRE NEW! from SIEMANS ECONOMY HEARING AIDS H. W. MATHESON Certified Hearing Aid AudiologJit look at these feature! 1. IOW IN1TIAI COST 2. LOW BATTERY EXPENSE (6 monlht on battery) 3. SIEMANS EXCELLENT QUALITY 4. EATON'S UNSURPASSED GUARANTEE Como In and try these nidt without obligation THURSDAY, APRIL 6th Eaton's Stereo Room Phone 327-8551 for appointment H. W. MATHESON Certified Hearing Aid AudioTogiit Member of National Hearing Aid Socfoiy Member of AlherM H Racing Afd Dealers' Assn. BERT MAC'S CYCLE LTD. 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 Ipcerfi 10 TRICYCLES 50 USED BICYCLES All t ha pel- All condiHoni SAIE CONDUCTED BY HURIBURT AUCTION SERVICE LTD. Phona 328-4705 1920 2nd Ave. S., Lethbrldge AUCTIONEERS TED NEWBY KEITH ERDMANN Lie. No, 41 Lie. No. 458 ALEX ELCHYSHYN ESTATE !i MILE SOUTH THOMPSON'S STORE AT KIPP, ALBERTA MONDAY, APRIL 10TH CASH SALE STARTS P.M. NO RESERVE MACHINERY John Deere 14T Boler; John Deere side delivery ralcej John Deere No. 8 PTO 6-fl. mower; Land leveller. Ditcher; Calkins Trash master 10 f f. rod weeder; 4 diamond Massey Harrij 1 ?-ff. pull iwother; Caso man urn jpreadpr; Viciory 8-Ff. blade wi'h mo r ken pull-type combinesj 6-fl. beet drill; Beef cultivator; Potato planter; Potato digger; Caifl TO-ft. press drill; JeoHroy 10-ft, cultivator. TRACTORS TRUCK IHC formal! Super M row crop tractor with hydraulic J, PTO, front end loader and bucket. IHC Formal! A Iraetor with 3-poinr hifeh ond PTO Fargo 2-ton irucV. IRRIGATION EQUIPMENT MISCELLANEOUS Approx, 50 40'x4" Irrigation pipes and sprfnklcrij Paramount jprmkler pumpj 5" infakc, 4" outlet; Irrigation pips trailcri Truck beet box, 21-ff. grain loader; 15-ft. x A'lrt. ougerj Quantity of !i-In. plywood, Lumber, Barb wire and feg vise. Ai there ore very few imall we everyona be at the lala sharp at p.m. HURLBURT AUCTION SERVICE LTD. Phone 328-4705 1920-2nct Ave. S. Lethbridgo, Alfa. AUCTIONEERS TED NEWBY KEITH ERDMANN license No. 41 LkemB No, 458 For her safefy and Lenses Only holt the weiytil on her preMy littlo noso. Shatterproof lor maximum protection. warranty against eye injury. Protective lenses are Law in some countries advisable everywhere! Available in all prescriptions. Specializing in the fitting of Doctor's prescriptions Presrriplion Sunglauei Magnifier! 9 Children's fromtt Reasonable WILLOW CREEK Will be held on the Southern Pav'mg Lot Located directly across from Rancher Supply in CLARESHOL.M (Over tlie track on StarJine) 10 A.M. TERMS: CASH LUNCH AVAILABLI TRACTORS ALLIS CHALMERS D21 DIESEL CAB ONLY 1300 HOURS Allis Chalmers 17, three-point htrch, hydraulic, transmission, overhauled) Allii Chalmers XD 190, cabj Allii Chalmers WD gas, PTO. _____________________________ COCKSHUTT 1850 DIESEL 1966 MODEL CAB FENDER TANKS, 100 GAL. FUEL CAPACITY TOTAL Cockshult 770 gas, cab, Al condition, 1irei on bock; Case 930 diesel, 1962 model, cab; Massey Ferguson 97, good condition; Massey Ferguson 95 super d iesel, ccbj Ferguson 95 dicsels; Massey Ferguson 95 pro- pane, cob, overhauled, gnod running order; Massey 102, new renr Chrysler motor overhauled; Massey Har- ris 55 dicselj Massey Harris 4-1 gas? 1 Minnccpclis-Moline GBD dieseb; IHC 560 propane, excel I out condition; IHC 560; IHC 656, complete with torque amulrfier and power steering; IHC 450 gas, complete wilh IKC [coder, torque amplified, PTO; IHC WD9, hydraulics, excellent con- dition; VV6 got tractors. DfSCERS John Deere 12 ft. Surf lex diicer; Massey Harris model 2rS dijcer, 15 ftj CCIL 18 ft. discer cimple-re wilh seed box and fertilizer ROD WEEDERS AND PLOWS Edwards 36 ft. rod weeder, 2 shonksj 28 ft. rod weeder, 2 row shanks] IHC 14 ff. HD rod weederj John Deere 12 ft. 400 rod weederj Grahom !2 ft. chisel plow with rod wnednr attach.? Graham 15 ft. chisel Cockshutt 12 fi. chisel plow wilh rod weederj Massey Fer- guson 14 ft. 2 furrow plow; John Deero 650 14 ft. chisel plow. CULTIVATORS Cockshult 16 ft HD cultivator; CocksnuH T4 ft. HD cultivator; 10 fl. ALJ row crop cullivator for 1020, 1120 or 2020 John tractor; Noble double implement hikh, model cdjuslable for I 0 fl. or 1 4 cultivator, almost new. BALERS Massey Ferguson No. 12, 1970 Only baled bates; Massey Ferguson No. 12, ready to go; Massey Ferguson No. 12, motor riYiver, good ccmdUionr Masiey Fer- guson No. 10, completely reconditioned; John D'.'era No. 1 4 T> John No 2 Bale Efcclor for 2-JT John Deere baler; IHC 46 boler, bales; IHC 47 baler, PTOr New Hoi- Inn d 269 baler with super s weft a pick up and Allseed slacker; New Holland No, 272 baler, VH 4D Wise, motor. NEW HOLLAND 1035 BALE WAGON SELF PROPEUED, 69 BALE CAPACITY, COMPLETE REBUILT MOTOR, NEW CLUTCH SWATHERS Versatile 15 ft. model 103 self propelled iwolriefj Versatile 18 ft. model 103 self-propelled swather; 2 Massey Ferguson No. 20 jwolhers; Mosscy Ferguson No. 34 ifilf propelled 12 ft, swother with hoy cond., pick-up re-el, nood motor, 45 h.p.; John Deere No. 215A self-propelled 14 ft. iwather wilh hoy good condition; New Holland 905 self-prope'led 14 ff, MISCELLANEOUS 2 John Deere model 240 flex! planters wflh pfales; ff. (ert, atlachments, new model 80 Cominco for Noble drilfj; Noble hoe drill, 1 7 fl. sections with ferr. atJaclTmenl and hhch; John Deere sulky rake, 14 ft., newj IHC 1957 (j Ion truck; LA Caso looden DU ALL No. 300 Front end1 loader; Moyralh 41 ff. qmin aucier with electric i tar I gas motor; Diamond chaff blower rompletu with fo fit 48" combine; Johnson 11 ff, blade; Portable 300 gallon 7 comparlment fuel tonk. 8000 LBS. BJ MfXER WAGON COMPLETE WITH EIEC1RONIC SCALB NOTE: 1. Pleaia moka your own financial orrangamnnri prior to inle. 2. Tlie above list li subject to lubslitulioni, defefioni end additions. Consfgnments will be accepted until April 14. J. All equipment must be removed from the lot by the purchaser before April 19, 1972. KEN HURLBURT No. 274 AUCTIONEERS TED No. 41 DAVE McNAB LUenco No. 670 ;