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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 10, 1972, Lethbridge, Alberta Monduy, April 10, 1972 IKE IETHBRIDGE HERAID 9 Govern foreign owners OTTAWA (I'l'i H unlikely Ihiit llic lyncrnment's limg-fiwtiitcd report on foreign ownership will lie made public before May. The often delayed report was, by Inc latest of several sched- ules, to have liccn tabled in the Commons in (lie second lialf ol April, But it is understood now that Hie final proofs have come back from the printers with a raft of technical some missing pages. Revenue Minister Herb Gray, government overseer of the re- port, is personally editing the final version. While the mara- thon project is edging close to completion, officials still decline to predict when it, and all the supporting background papers, will be ready to issne. "I could say a couple of; said one cabinet source, "but it seems to me some one said that last fall." Ttie report has been billed as the definitive Canadian state- ment on regulating ownership of the Canadian economy, now heavily tilted toward American investment in resource indus- tries and others such as auto- making plants in Ontario. A well-leaked component of ttie proposed federal program is a so-called screening device to channel foreign investment into certain industries and areas. MAJOK. PROBLEM A major problem in shaping the report has been the fact that generally Quebec, Western Can- ada and the Maritimes want all the foreign investment they can get. Last September, Prime Minis- ter Trudeau said Mr. Gray's re- port, then under preparation for six months, would he ready "fairly soon." In October, he said it would be ready "soon." Early In December he said he expected it "very soon." Later in December, he said lie ex- pected it to be public before Ihc end of the year. Tim reasons for the delay were variously attributed to translation holdups, the prepa- ration of background papers and accompanying legislation. And in the meantime, the cabi- net was reviewing the whole matter, revising decisions and listening to outside viewpoints. Through it all, the govern- ment has been kept busy ex- plaining and investigating leaks. Alleged excerpts from the re- port were published in the Ca- nadian Forum publication last summer. Related cabinet docu- ments later were made public on the subject. CANCELLED MEETING Within the last few days, the government has cancelled a planned meeting with a group of international business execu- tives. They were told by the promoting United Stales man- agement firm that they would have "an unparalleled opportu- nity" lo suggest modifications In the foreign ownership policy. While the government had nothing to do with the invitation angry officials said it grossly misrepresented the pur- pose of the was another embarrassment in connection with the foreign ownership issue. Mr. Trudeau is said lo be im patient with the delays and anx ions to have the entire package made public. Although Mr. Gray has been responsible for the preparation of the report, Mr. Trudeau has been handling most of the Com- mons' questions on the subject. There have been a lot of them and more are coming. Smashed car arc plentiful; fewer deaths EDMONTON (CP) Traffii accidents' property d a nt a g continues to grow at an "alarm ing" rate, the Alberta Safely Council said here. An estimated million damage was done in traffic since the first of Ihc year, th council sairi in its report fo February. Damage in the coi responding periorl was million. The report showed accident and injuries were up but rtcalh were down. The (otals, wit figures in brackets, were accidents injurie 7015 and deaths 16 (24 The 1972 total of traffic Heath in Alberto was compare with 34 last year. Polio check ready again SPARWOOD (UN'S) Dr. Hopper of lite Knst Kootcnay Health Unit advises polio im- munization is available for youngsters in the area. Ho also advises that immu- n i i a t i o n against diphtheria, whooping tetanus and nicrislcs is also available at no cost from the public lienllh nurse. Bank of Montreal The First Canadian Bank You want fast action on a car loan. And you probably don't wantto dip too deeply into your savings, either. So if you've got your eye on a newcar, turn in at your nearest Bank of Montreal and talk to our people. We can tailor a low-cost car loan to fit your Our life-insured loans can help you get that new car. We want you to get your money's worth. money Car Loans: ;