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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 10, 1974, Lethbridge, Alberta April iu, i nc uc i noniuuc Government plans development bank OTTAWA (CP) The gov- ernment plans to establish a federal business development bank, which will incorporate the existing Industrial Development Bank, and provide additional services to small business in Canada. Notice of the legislation ap- peared on today.'s Commons order paper. A brief outline of the legisla- tion says the new bank will be established as a Crown corpo- ration, headed by a president and a 10-rr.ember board of di- rectors. In addition, there would be provision for establishment of regional advisory councils, each with nine members. The legislation would provide the new bank with million. The bill stands in the name of Industry Minister Alastair Gillespie, and sources say the bank will be similar to plans the minister outlined last July when he described the forma- tion of a proposed industrial bank and development agency for small business. At that time, he said the new bank, besides incorporating the services of the IDE, would provide management services, technical services, training services and program information services. The new bank, he said, would maintain and expand the 54 branches of the IDS now in operation throughout Canada and provide "small businessmen with an integrated service in his own locality, within which will be available the financing he cannot get elsehwere or the management assistance he needs." New baby car project under way LONDON (CP) Ford of Britain is developing a new baby car, expected to be ready for service in 1976. Managing director Terry Beckett, speaking at the pre- view of a new luxury Ford model, said the car is likely to break new ground for Ford in engine and transmission layout. He described it as a "completely new venture, different from anything we have done." CAREERS REQUIRED IMMEDIATELY! LICENSED HEAVY DUTY MECHANIC or 3rd or 4th Year Apprentice Good starting salary, full company benefits. Apply to... KELVIN MacDONNELL INTERNATIONAL HARVESTER SALES SERVICE CENTRE 304 Stafford Drive Phone 327-3125 (After Hours Phone 328-2075) CATERING SERVICE FERNIE GOLF and COUNTRY CLUB requires Staff Personnel to manage their cater- ing facilities (Bar and Man and Wife team could be an advantage. For further information Phons after 5 p.m. to 423-7872 or 423-6415 or forward a resume to FERNIE GOLF COUNTRY CLUB Attention N. CROSSFIELD P.O. BOX 1507 FERNIE B.C. TOBIM 3 POSITIONS AVAILABLE! A large farm implement dealer in the City of Leth- bridge, is seeking experienced personnel to fill the following job vacancies, made available through recent expansion. WORKING SHOP FOREMAN FARM MACHINERY SET-UP MAN TRACTOR-TRAILER OPERATOR Salary commensurate with ability. Company benefits include Group Medical, Hospital and Drug Insurance, Accident and Sickness Insurance, Life Insurance. 44 Hour Work Week. MAIL COMPLETE RESUME TO: BOX 96 LETHBRIDGEHEFALD PROFESSIONAL CAREER OPPORTUNITY SUPERIOR FORD MERCURY (TABER) LTD. Southern Alberta's Largest Ford Merc Dealership requires Vehicle Sales Representatives to help increase their now 850 unit volume 1. per month guarantee 2. All Company Benefits 3. Company Car Supplied 4. Paid Vacation 5. A Complete Comprehensive Training Program 6. Opportunity for Advancement within 7. Vehicle sales experience not a necessity Contact General Sales Manager KEN FURQUSON For Interview Appointment Phone 223-3537 Rubber workers protest kidnapping Blast aftermath Damaged tanks and piping, as well as a burned- where propane gas tanks exploded earlier this week, out truck, litter area in the north end of Halifax, N.S., There were no injuries in the explosion. households locate in other cities Long-distance family moves up TORONTO (CP) More Canadian families moved from one city to another last year than in 1972, says the Coast to Coast Real Estate Service. A survey of long-distance moves shows th_; households were relocated in another city during 1973 compared with a year earlier. More than half the trips originated in Toronto, Montreal or Ottawa, about 20 per cent in Winnipeg, Calgary, Edmonton and Vancouver and 10 per cent in Halifax and Quebec City. The balance of the long-distance transfer business was shared by other major urban centres such as Hamilton, Regina, Saskatoon and Victoria. Coast to Coast Real Estate Service is an association of more than 100 realtors in 187 offices across Canada. Frank Hodges, vice- president and manager of corporate relations for A. E. LePage Ltd., Toronto, a real estate company, said Friday nearly families changed their place of resi- dence last year, the vast majority within the same city or to nearby communities in the same province. If the trend in the mobility rate, as indicated by family allowance statistics, continues, he said, Canadian families a few years from now will be moving once every three years. "Being moved has become a way of life for certain occupa- tions." he said. "Our own ex- perience would seem to show that the number of household relocations is evenly split be- tween government departments and agencies and private business." The real estate" service's survey of long-distance city- to-city moves shows this flow into and out of major centres last year: To From 774 806 3.690 5.415 291 204 1.215 1.530 369 273 333 444 1.398 1.473 720 429 Halifax Quebec Montreal Ottawa Toronto Hamilton Winnipeg Regina Saskatoon Calgary Edmonton Vancouver Victoria Ottawa, Hamilton, Regina, Vancouver and Victoria were the only cities showing a net inflow. A. E. LePage predicts that the disparity in house prices between major urban areas across Canada will narrow. Toronto and Vancouver prices have increased 20 to 25 per cent in the last year compared with a 10-per-cent Airline sold EDMpNTON (CP) Mackenzie Air Ltd., a wholly- owned subsidiary of Edmonton-based Kaps Transport Ltd., has been sold to La Ronge Aviation Services Ltd. of La Ronge, Sask., subject to approval of the Air Transport Committee. Kackenzie Air has bases at Edmonton Industrial Airport, Hay River and Inuvik, N.W.T. Sales Career For Mtn or Womin Cill: K.W.BELSHER AGENCY Occidental Lid Iniunnca Lclhbridgi, 328-0944 rise in Montreal residential values. But an increase of 20 per cent is predicted in Montreal during 1974. Average house prices in various metropolitan centres in 1973 compared with 1972 (in 'Toronto Vancouver 'Ottawa Kitchener Hamilton Calgary Edmonton Halifax London Montreal Canada's zinc production future outlook encouraging MONTREAL (CP) An ex- pert's look into the immediate future of the world zinc in- dustry forecasts Canadian leadership in production until 1977, with relative freedom for zinc metal producers here from the effects of world energy shortages. George Paulus, mining in- vestment analyst for the Mon- treal brokerage firm of Geoff rion, Robert and Gelinas Ltd., says energy shortages in Eu- rope and Japan may reduce their imports of zinc concen- trate. If so, Canadian producers of zinc metal would be left in a good position because of thriv- ing markets in the U. S., which annually consumes 30 per cent of zinc produced in non-Communist countries. Canadian zinc concentrate producers, however, might find themselves in a less favorable position because sales would be reduced by the lack of U.S. refining capacity and increasing costs of shipping to Europe and Japan, Mr. Paulus said. CONSUMPTION SLOWS The mining analyst estimates that total -zinc consumption in the non- Communist world will decrease by .05 per cent to metric tons in 1974, as- suming a 10-per-cent reduction in U.S. automobile production. By 1977. consumption is ex- pected to reach metric tons, an increase over 1974, which would be the equivalent of putting four significant mines and two large smelting plants into action each year. Mr. Paulus said zinc produc- tion would lag behind demand until 1977. He estimated that total free-world mine production in 1977 should be metric tons, of which Canada is expected to produce Zinc metal producing capac- ity at that time should rise to an annual rate of metric tons a year, the analyst forecast, for an increase of 29.8 per cent over 1972. In zinc metal production, Japan would lead non- Communist countries with 16 per cent of the total if full capacity were reached in 1977. The U.S. and Canada would account for 13.5 and 11.6 per cent of production respectively. However, Canadian zinc concentrate available for export should increase to metric tons by that year, up 23 per cent from metric tons in 1972. Zinc metal available for ex- port should increase by 36.6 per cent from to over the same period, Mr. Paulus estimated. Zinc prices have been torn between unrealistic highs on European markets because of supply shortages and unrealistic lows in the U.S. because of price controls, he said. He said the current Canadian, U.S. and Australian producers' prices of U.S. 31 to 32.5 cents a pound for zinc metal were predictable, and that continued shortages could mean the price would stay above the calculated fair Australian producer price of U.S. 27 cents. SAIGON (Reuter) The Michelin rubber factory stopped production today in protest against the kidnapping by the Viet Cong of 61 workers 44 women and 17 children from their plantation northwest of Saigon, company sources said. The women and one-tenth of the work force of rubber tree led away by Viet Cong troops at the big French-owned estate 40 miles from the capital Monday morning and have not been seen since, police said. The sources said the company was sending word to Wheat crop below target WASHINGTON (AP) The U.S. agriculture department said today India is faced with a poor wheat harvest this year, possibly 30 per cent below New Delhi's target of 30 million metric tons. "The shortfall is a result of droughty weather, inadequate supplies of fertilizer, shortages of fuel for irrigation pumps and the outbreak of rust (a disease in the department's foreign agricultural service said. Despite the sharp reduction from earlier estimates, India's grain harvest still is expected to be six per cent larger than 1972-73 production when drought cut deeply into crop output. But the reduced wheat pros- pects add up to a severe food crunch for India, the report said. PAT GETS JOB WASHINGTON (AP, President Nixon is sending his wife, Pat, on a major diplomatic-ceremonial mission to Latin America in March to dramatize his personal commitment to "close and co-operative relations" with that area, the White House announced Friday. the Communists on the plantation that the factory had been closed down. An official said: "We're fed up. They have got to leave us in peace and send these people back immediately." As well as the 61 taken from the Michelin estate, 30 civilians were abducted from five Mekong Delta villages, south of Saigon, police reports said today. Kidnappings have been increasing in this area for some months. The Michelin company sources said small groups of their plantation workers had been kidnapped many times during the last decade, but this was the biggest abduction yet. The workers have been put into what the local Communists call "popular fatigue parties" for a few days or weeks and most have then been allowed to return to work the company's rubber trees. Grain cars government expenditure OTTAWA (CP) Neither the CNR nor CP Rail will be asked to help pay for the new grain cars that the government plans to purchase. Otto Lang, minister in charge of the Canadian wheat board, said yesterday. Mr. Lang told Gordon Towers (PC Red Deer) in the Commons that he doesn't know how much the cars will cost Tenders had yet to be called. Ask About The NEW INVISIBLE Multicocal Lens (MULTILUX) Sears Save n white Love that 12" black and white portable The picture is crystal clear And what value' This compact features a solid state chassis That means the only tube is the picture tube. You get Instant Start for no warm-up wait. And convenient slide controls for volume, contrast and brightness. All wrapped up in an attractively styled plastic cabinet in White. And just think, the whole set weighs in at just 13 Ibs Truly portable! t's so sharp! 129 98 Reg Satisfaction or money refunded at Simpsons-Sears you gel the finest guarantee satisfaction or money refunded and free delivery Shop by Phone Call 328-9231 ext. 257 Free Delivery Simpsons-Sears Ltd.. Store Hours Open Daily 9 30 a m 10 5 30 p ir, Thursday and Friday 9.30 a m. lo 9 00 p m. Centre Village Mall. Telephone 326-9231 ;