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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 14, 1972, Lethbridge, Alberta Government plans new legislation on housing Friday, April H, 1972 THE LETHBRIDGE HERALD 13 TORONTO (CP) Federal I Urban Affairs Minister Ron liasford said here he will introduce legislation "within a few weeks" to encourage the flow of private funds Into hous- ing. Mr. Dasford told a meeting ol the Toronto Home Builders As- sociation the legislation has three main thrusts. It will es- tablish a ccnfrnl mortgage bank which will Irade in residential mortgages, permit the creation ot real estate investment trusts in Canada and create a new mortgage vari- able-term mortgage loan. "To meet he necessary tar- gets for housing in Canada over the next decade will call for an investment of more than bil- he said, "We are rapidly moving to a point where an annual invest- ment in Hie order ol 55 billion will be required to satisfy the financial needs of residential construction programs." As an of Ihe kind ol money he hoped to attract through (lie new financing vehi- cles, Mr. Basford poinled lo the billion in assets held by life insurance companies, charterec banks, trust and loan compa- nies, and trusteed pension plans. "At the end of 1970, only V per cent ol the total assets o these Institutions were allocatoc to mortgages in various types o real estate. Instead, in the las 15 years, that ratio has only been exceeded on two occasions "Trusteed pension plans considerably below this ratio with only nine per cent of thci assets committed to real cstati mortgages." The urban affairs ministe said a small improvement i participation In the residentia mortgage market by such com panics could produce major in creases in available mortgag funds. He said the greatest potentia for increased investment mortgages is In the trustee pension funds. "More than S500 million woul be made available for residen lial mortgages from a furthe (ive per cent of assets placed i this kind of investment." The proposed mortgage ban will increase liquidity of res' dential mortgages, he said. Heat off Nixon visit to Canada FAST EFFICIENT SERVICE! CttMICAL PRESCRIPTION CO Tho real estate Investment lists arc aimed at attracting dividual investors, he said, ucli like a mutual fund, they ould issue shares lo the public nd use Ihe proceeds lo invest i mortgages and real estate. Mr. liasford said the varia- te-term mortgages could bo written on the basis ot flexible or variable interest rates and terms. They could also be writ- ten on the basis of the current practice of making housing loans cither five-year fixed in- terest term with a long amorti- zation period, or fixed long-term mortgages. WASHINGTON (CP) Presl- ent N'ixon visits Canada at a me when whatever heat was encrated here over the state of anada-U.S. relations has argely evaporated. The issues of Irade, cconom- cs and pervasive American wnorship in Canada that slimu- aled headlines in Canada and Imost daily questions in the louse of Commons pass vir- ually unnoticed these days in he U.S. 'i.iat is not to suggest that the ixon administration itself is in- different to Ihe problems that jave brought a new tension to he old friendship or is less than eager to find solutions. Despilc the fact the American jublic and press have largely aken a ho-hum altitude, Ihe cw York Times says in an edi- orial today that although the .rip "may rank well down his .1st as a foreign travel spectacu- ,ar it could be one of his most .mportanl ventures abroad and is certain to be one ol his most delicate." GOODWILL EXISTS Still, although the majority of Americans apparently have a feeling of goodwill to- ward Canada, the pros and cons of lingering disagreements be- tween the two countries are a closed hook to most. The fact that Nixon does not have in the background an aroused public watching in hopeful anticipation for some clues to eventual solution of the problems that have long both- ered many Canadians probably affords Nixon the luxury of a. more relaxed approach to fhi. talks, observers here suggest. Except for a lengthy New York Times article giving de- tails of the range of differences between Canada and the U.S. and a smattering of ediloria comment, Ihe press has given little space to the visit. Thursday, the Washington Star carried a lengthy article or. the trip. The Washington Post carried on page 25 a brief Oltawa-date item on security Lawyer claims unborn betrayed arrangements there. There was no story in the Washington News. In the view of some observers here the trip suffers from the point of view of advance public- ity by the fact it is being sand- wiched between the much-cov- ered China trip and the ap- proaching presidential mission to Moscow next month. However, more than 80 Amer- can radio, television and news- laper correspondents will be ravelling to Ottawa lo report on the trip to the U.S. public. Concern over relations with 'anada hit a high point In Con- gress at the time of the U.S. 10-per-cent tax on dutiable im- ports, with a number of legisla- ors speaking heatedly on Can- ada's behalf and pleading for a special consideration. Subsequently, when Ihe U.S. negotiated new short-term trade arrangements with Japan and the Common Market early this year, it was broadly anticipated Ihe protectionist elements in Congress would concentrate on Canada, seeking a similar deal with Ottawa. CONCKRN SUBMERGED However, this congressional altack never materialized and any concern over Canada has been largely submerged of late by U.S. preoccupation with tho worsening war situation in Viet- nam, the approaching presiden- tial election, the economy In ITALIAN POLICE BATTLE STUDENTS Helmeled and club-swinging police sur- round a car where some demonstrators look jheller during clashes between leftisl stu- dents and police in Naples. Ex-musicians leader dies TORONTO (CP) Walter musicians be paid, the union Murdoch, for 23 years the Cana- leader answered that there dian leader for the American' wasn't a charty in Canada that Federation of Musicians, died hadn't tried to get musicians to Tuesday. He was 83. work free. He even lurned down Accused by critics of sabofag-1 free music for church causes. ing worthy causes by insisting Duel role for pastor LEAK RAPIDS, Man. (CP) This northern Manitoba min- ing community is to have a Lutheran pastor serving all Protestants and Anglicans. The pastor's ministry has Ihe blessing of tho Anglican, Pres- byterian, Mennonite Conference and United Churches, as well aa some financial support from Ihe United Church of Canada. The ministry in Leaf Rapids, a new community in Mani- toba's remote northwest, is to begin in the fnll, as a congre- gation of the Central Canada Synod of the Lutheran Church In America. "I asked Mr. Murdoch once retorted, 'if they thought salvation was free, I told them, it's going to cost you dough to get through the pearly gates'." In 1939, he put Maple Leaf lo hire 30 musicians for eac! Leaf game. The only Canadian on the in ternational executive of th American Federation of Mus cians, Mr. Murdoch was de featcd in 1355 after 20 years. A the time he was preparing t fight Expo 67 for bringing i school bands and proposing I pay only travel costs. Mr. Murdoch, born In Kings Gardens on the union's unfair ton, Ont. and raised in Hami list when it tried to get free j ton, was bandmaster for th music by giving troops free Royal Regiment of Canada fo passes. The Gardens was forced 32 years untd he retired in 195r Vietnam, Ihe economy and un-' Leaf Rapids Is expected to L.C.I. WORKSHOP Presents a MAKE-UP WORKSHOP SATURDAY, APRIL 15th a.m. lo 5 p.m. PER PERSON LCI Beauty Culture Room employment. White House and adm'mistra- -lion spokesmen emphasized in advance of the Canadian visit that the principal objective was to improve the atmosphere of the Ottawa-Washington relation- ship. 'Die idea K to demonstrate American goodwill and gener- ally create a climate in which talks on since other tense is- sues could be resumed. As The Times noted, Ihe pres- ident "will have a great oppor- tunity to improve the general climate of Canadian-American relations when he addresses a joint session of Parliament" Friday. It is with this in mind Lhat the White House said Nixon looked toward to his trip to Ottawa ns "an important and Dot just a mainly symbolic trip. OPEN HOUSE KRADLE KOOP BABY CENTRE APRIL 10-16 2 P.M. 9 P.M. A worm welcome is extended to all por- ents who are interested in the welfare of small children. USE THE SERVICE ROAD DIRECTLY WEST OF WOOLCO Everyone Welcome! Impersonator arrested by police, FBI lave a population of by Prom STEVE'S QUALITY MEATS AND CONFECTIONARY SPECIAL BEEF AND PORK SALE Saturday, April 15 until Sal., April 22 only 71 c OTTAWA (CP) The Tru- eau government has "betrayed ie unborn" by refusing lo dc- etid their rights on the abortion iisue, lawyer David Dehltr said ;rc. Mr. Dchlcr, who recently suc- essfully represented a husband ecking an injunction to restrain wife from having an abor- ion, spoke at a meeting of Ac- ;on Life, a local anti-abortion ;roup. The defence of trie unborn hild tis an "infant plaintiff" uade the case unique in Cana- lian legal lu'story. The injunc- lon later was withdrawn by the iupreme Court of Onlario. Mr. Dehlcr said the major one in Canada ,he right of the unborn "to be protected in the womb to grow without being killed." "At some point, the unborn Is more than just a part of the mother's he said. Amendments in Ihe Crimina C-xle dealing with abortion have left inconsistencies In the laws, he said. For example, the un. born have property and inherit' ance rights under provincially administered civil law but no onger have tho protection and of criminal law. "There is no scientific evi- dence that human life begins at any moment other than the In- stant ol conception." He accused pro-abortionists and the news media of distorl- ng the issue, making it appear o be a question of the mother's right lo freedom of choice rather than the "essential func- ion of protecting the sanctitv of life." TV POPUl.AH There were 8-i.OOO television eLs sold in Israel lust year. k 338 SAND GRAVEL ASPHALT TOLLESTRUP SAND AND GRAVEL Construction Co. Ltd. PHONE 1-2702-327-36TO A 3 "A 180-200 Ik average, Bfue Brand Heifen SIDES of BEEF FRONTS ,b. 59c HIND PORK Ib39c BACON: HAM SMOKED AND 10i SAUSAGE MADE TO ORDER Prfcei Include Cutting and Wrapping OPEN DA11Y 10 A.M. TO 10 P.M. PHONE 345-3929 BOTTLE DRIVE 17th LETHBRIDGE CUBS and SCOUTS SATURDAY APRIL 15 Area Covered: ALL OF NORTH LETHBRIDGE To Be Collected POP BOTTLES, BEER BOTTLES, CANS, GALLON JUGS, COAT HANGERS, RAGS AND EGG CARTONS FOR PICK-UP PHONE 328-4118 -OR- DELIVER TO 1117 -18th St. No. MAYOR MAGRATH DRIVE PHONE 328-2507 I WORCESTER, Mas. (AP) A former Worcester cab driver alleged lo have impersonated an American psychologist to gain an appointment to the faculty of Brandon University in Brandon, Man., was arrested hy Worces- ter police and Ihe FBI here for Canadian police. Joseph Robert Bohn, also known as Martin J. Bonn Jr., 38, was charged with being a fugitive from Canada, where he is charged with impersonation, a violation of the Canadian Criminal Code. Bohn was held in hail for an appearance in central district court. Worcester police said Cana- dian police officials were ex- pected in the city today. BMohn was arrested Wednes- day afternoon at a Holiday Inn where police said he had regis- tered as Dr. Martin J. Bohn Jr., the name (he impersonator used (o obtain the appointment at Brandon last summer. University officials said the impersonator laught there until April 2, then left abruptly when i his credentials were questioned jand he was dismissed. Police said Bohn and his wlto had been slaying at the hotel I since Saturday. smiunc CULL FOR 'LHBHTT'S BLUE' Labaffs The lethbridge Symphony Association Prcsenli their 3rd CONCERT of the SEASON Monday, April p.m. YATES MEMORIAL CENTRE FEATURING THE LETHBRIDGE SYMPHONY ORCHESTRA Conductor tUCIEN NEEDHAM Guest Artist: LOUISE CHAPMAN, Piano PROGRAM Overture Die Zauberflota Mozart Symphony No. 8 in B Minor (The unfinished) Schubert Piano Concerto in E Minor Chopin Overture La Gana Lodra Rauirn LIMITED HUSH TICKETS AVAILABLE.................. STUDENTS Tickefl available at LEISTER'S MUSIC LIMITED YATES BOX OFFICE (Until 15 minulei before Performance) ;