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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 13, 1973, Lethbridge, Alberta 24 LETHBSIDGE HERALD Frldoy, April 13, 1773 VALUES EFFECTIVE 'TIL CLOSING SATURDAY, APRIL 14, 1973 FIRST OF THE SEASON BARUNKA GRAPES Ib. NABOB JELLY POWDERS Assorted flavours gt QQ 3-oz. net wt. pkgs. for BANANAS GOLDEN YELLOW >b STRAWBERRY JAM NABOB PURE 24 fl. oz. SHOULDER PORK ROAST MUSHROOMS PORK BUTT ROAST CHEESE SEE WEDNESDAY'S AD FOR MANY MORE SPECIALS Ontario raises sales tax it's TURKEYS 1 TORONTO (CPi Provincial Treasurer John While has tap- ped the Ontario taxpayer (or a i further S451 million a year. mainly by raising the retail sales tax and applying it to I and fuels, but phm? to give back million j through municipalities and re- j bates aimed mainly at the paid and the aged. Mr. White's first budget Thursday left income tax un- touched but raised the sales tax that applies on most retail goods to seven per cent from five for a return of million in the remainder of this fiscal year and in a full year. He broke new ground by ex- tending the same tax to pre- viously-exempt electricity and fuels used for lighting, heating and cooking, though it will not apply when these are directly I used in the manufacture of con- sumer goods. Yield is SlOO mil- j lion in a full year. j Sales tax exemptions are con- i tinued for foods, infants' wear and prescription drugs and ex- tended to the purchase of house- hold pete and garden seeds and plants. The higher retail tax goes into effect generally May l, but its application to energy sources is deferred until July 1. The new rate brings Ontario even with Nova Scotia and Newfoundland, but still under the eight per cent in Quebec, New Brunswick and Prince Ed- ward Island. Manitoba. Sas- katchewan and British Colum- bia tax at five per cent and Al- berta does not use this tax. SAYS BUDGET 'NEUTRAL' Mr. White, holding the budget j deficit little changed at S402 million in what he termed a I neutral fiscal stance, spread around a miscellany of lesser pieces of taxation and largesse. Business came out with a net loss but there were sweeteners for the farmer, for family busi- nesses and for persons left as- sets by a dead spouse. Business had its capital-use tax doubled and the tax on management fees increased, but the "nuisance" tax on the transfer of securities is dropped because it has been losing trade for brokers and security houses. In all. the tax increases total million for this year and the reductions million for a i net treasury gain of mil- lion. Collections this year will bring the province record reve- nues of an estimated S6.867 miJ- lion against spending of a record million. The lions share of the new handouts, an additional S182 million to municipalities, will include a "property tax stabili- zation plan" intended to be used by local authorities to hold down property-taxes. I Relief amounting to mil- j lion will be provided in personal j income taxes on a sliding scale geared to taxable income and personal exemptions, while re- lief for pensioners would be doubled to million. Farmers will benefit in three ways: full exemption on farm land taxes; forgiveness of suc- cession duties in family-farm assets over 25 years: and per- mission for a fanner to make a tax-free gift of up to S50.000 to his children. Death duties also will be eliminated on transfers of as- sets between spouses, and fami- lies controlling Canadian busi- nesses will be given six years to pay. of his million in tax for lower-income families i is labelled a "sales tax credit." For a family of four in the SlOO- a-week bracket it would deliver a year compared with the estimated additional tax of dollars on the cost of heating an average home. Stampede barn razed CALGARY CCP) A wooden barn, used to store chuckwag- ons and costumes for the Cal- gary Stampede, was destroyed by fire Thursday. No livestock was kept in the one-storey structure and no one was injured. Loss of the bam was esti- mated at but Stampede official Jack Sirrs said the wag- ons and costumes were irre- placable. Their loss could pre- sent difficulties for this year's Stampede, The barn, located on the east side of the Elbow River near the grounds at 17Qi Ave. and 6th St. southeast, was about 60 years old. Some of the wagons stored in the barn were 100 vears old. Mani Glamour-dura" CAPLESS SKIN TOP Restyles like re a! hair. Heat resistant frizz-proof. 1 year manufacturer's quality guarantee. Manufacturers representative stylists in attendance Saturday, April 14th a.m. to p.m. MERCHANT PRINCE EMPORIUM CENTRE VILLAGE MALL PHONE 328-6980 Testimony request refused WASHINGTON 'API A United States disirict court jwige has refused Uie request of Senator Sam J. Ervin sup- press publication of future law- suit testimony by Watergate burglar James McCord. -luwgs Charies Richer ruled Thursday thai sudi an order iv.cL'ki violate She independence i of the court and the public's j right to free speech and free j press- Ervin heads a Senate unit in- vestigating tfte wire- lapping and other pciilical es- j pitmage. He argued in an April 19 letter to RJchey that. McCord's '.testimony should be scaled 10 prevent "premature public re- lease" arid to avoid ''unfair public implication? of persons in criminal adiviJjCK v.-ho may be innocent." McOord is scheduled to i telling whal he knows afrcM the Watergate burglary and related events 10 lawyer I. represent ing Ib? Democratic aivi Rfpubiic-an parties in swts I; arising from the case i Unlike McCord's previous tes- timcmy before t> fwteral crand 11 jury and Errin's Senate miitfe. tihe lawsuil I j will tie made public K-