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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 16, 1970, Lethbridge, Alberta It THI UTHMIPO! HtULD tkurtJay, Apil! 16, WO- Eastern Breivery Forced To Sell Pro Hockey Club Owners Protest Govt. Tax Plan OTTAWA (CP) George Mara, chairman of Formosa Spring' Breweries Ltd. of To- ronto, told a Senate committee Jwe the compeny was soM this ureek because o I govern- ment tax-change proposals. The Senate committee oo banking, trade and commerce, hearing textimony aboU the Ux proposals, asked Mr. Mara to submit doeumentaeon later sup- porting his statement. The brewing sale to Benson and Hedges (Canada) Ltd. of Montreal, subsidiary of Philip Morris Ud.. was amounced Monday. Mr. Mara said the sale was arranged "specifically because of the white gov- ernment policy paper of. last Nov. 7 proposing such-changes as introduction of a capital gains -Senator Douglas Everett (L- Maniloba) -asked Mr. Mara whether be could be more spe- cific about why the .white paper caused the company to sell out. Mr. Mara mentioned the capi- tal gains tax. "We envisaged a lot of prob- QUALITY DENTURE. CLINIC 324 SI. S. Mi. 3217M4 Ahove Capitol Furniture v .EDDY DIETRICH. ems we couM see and we envis- aged ottier problems-ire didn't really know what tins govern- ment would he said. Mr. Mara, also wine im- korter tod president of Mapet f Gardens, said he is op- posed to my form of capital tax. Senator Everett asked Mr Stara to prepare-a pkper .ex- tiaiDing precisely WMt ip the ax caused Use sale Formosa.; Mr. Mara agreed. Senator H a r 11 a a djiliatoi whose am i I owns Mctscn Breweries, eom- meoted that "Mr. Kara is g v He asked amid laughter whether Mr. Mara hsd any ad vice for Targe brevreries: J, Royal i-r -x Ballet WINNIPEG (CP) The Royal Winnipeg Ballet has.beefi chosen over 30. other companies to complete the European-.tour of the Harkness Billet, of New York .The Wimipegi company'' wil play, a full month in Paris, and men embark on a three-week five-city tour of Italy. It opens m Paris June 2; OTTAWA. (CP) Owbers of Toronto llapse Leafs and Mon- treal Canadient startled a Sen- ate committee. Wedncaday nth warnings that a goveiumtut ractdovm on entertainment could destroy those two CaeacSasvbaieo1 mem- the' National Hockey CtEOORY CLARK fNCOUNTcK A PICKPOCHT _ Gregory Clark broke'his derfhjres early one morning, little did he know that pickpockets and police would be the order of the day. And it all took place In the -Huitle-buitte of the 1 subway. Read about hil adventures. IN YOUR LETHBMDGE HERA1D WEEKEND Maple. Leafs and feniAnr already" smarting because of Ueeir 'exetusioB from- current NHL playoffs, "iwtMted before the Senate "tiadeand hearing testimoay about goWrm- meot tax-cbaige proposals out last IJovetnber. The Oat the government "proposal to "deny potertainineot 'expenses -as an income-tax, deduction for bus- nesses would'cot into season- ticket subscription sales, reduce profits and probably force the chifas to sell out to United States aiteresb.- The two companies, whkf recorded net after-tax profits of about eaci last year, said the on eo- lainmCTt .b'y corporations cause them 'financial dif- ficulty and make them vulnera- ble to purchase by.Americans seeking NHL franchises. WOCtti AFFECT AMAITUKS George a Maple Leaf Gardens Ltd. of To- ronto, said a sellout would mean the .disappearance from Canada not only of NHL hockey but of organized amateur J. D. Molsoc, president of Ca- nadian Arena. Co. of Montreal, owner- of the Forum' .and the Canadieiis, seconded Mr Mafa's.warnings. Mr.-Mara.based bis calcub- tioos OB loss of the 55 per cen of' Gardens revenue which he said comes from season-ticket purchases by corporations. He said that income amounted to Season ta'ckeU to an eight-seat box in the Gardens cosfc Mr. MokoB, said an but ,000 of the Forum's seats are held by season subscribers, losses of .between 10 and 25 per cent of'total sates, 'and possibly much if corporations could' no longer claim hockey tickets as a busi- tes expense for tax purposes. Mr. Motson wat acconrpinitd by Ux couneeflor H. H. Stike- man, former senior official in he rational revenue depart- ment, who said U was "very that the government pro- posed to deny tax deductions for membership dues in social dubs. Senator John Connolly (L- Ontario) asked how important television revenues are to the dubs. Mr. Uolson said TV royalties are 'Very ice cream on the the guts of the business U ticket sales. Senator C. W, Carter (L- S'ewfoundland) asked whether there is a waiting fist for season tickets at the Form Mr, Mohan nid there. Is a waiting list fcr box acatt but of UK cheaper Mb trail- able for rabjcripbai tint to be said at the box for each game. WORTH tUMtMt EACH.. In his designed to show that the tax proposals would .exert a squeeae on the hockey ctabi, Mr. UolMi placed a value of on each of the Hontnal ama To- ronlo franchises. He slid. the. Vancourer NHL of rat Mr. Man abo opposed lite proposal to impose any kW of capital gams Mr. Motsoa said a propaasd feotare that wodld tax gains in the nfae of shares every five yean could mean that the Kobon family would lose control of Canadtens. Arthur GUmour, Montreal tax accountant hired as the comnit- tee's adviser, joined to deub- ciaboo of the proposal to disat low entertainment expenses. CCC Appoints New Directors OTTAWA (CP) The ap-) poiniment of Rev. Robert Ken- nedy of St John's, Nfld., and Rev. Patrick Kerans of Halifax as directors of the Canadian Catholic Conference was ap- proved at the conference's seMi-annual meeting last week, it was announced today. Father Kennedy, who was born in St. John's and educated at St. Paul's University semi- nary in Ottawa, will become as- sociate director of the organiza- tion's national office of religious education and an assistant in the national education office. Father Kerans, who was born io Rosetown, and .holds a doctorate in religious sciences from the University of Stras- bourg, will become co-director of the social action office. Farm Bureau TORONTO Agricul- ture Minister William' Stewart announced Wednesday his de- partment is setting up an infor- mation service tor Ontario farmers. Mr. Stewart said infor- mation about agricultural sup- plies, shipments and prices.vill be prepared by the existing in- formation arm of his dpeart- ment. of LETHBRIDGE Your PONHAC-BUICK Dealer INDOOR Continues TILL MONDAY April 20th At the EXHIBITION PAVILION OPEN 10 A.M. to 10 P.M. OPEN SUNDAY to P.M. AU CARS CUARIY PRICiDI FORDS FIREIIRDS COMPACTS CHRYSLERS CHEVYS T-MRDS WICKS OlDS FORilGNS CMC TRUCKS fONDACS FORDS TEMPESTS fONTIACS IUICKS INSTAMT APPRAISALS ON TRADIS NO ROWN PAYMINT ON CMOIT ON THI SPOT IAC HNANCmO 1MMIDIATE DIliVHT INVENTORY SALE SHOP INDOORS OUT OF THt WIND, MUD' AND SNOW! PLUS LOW MlLt'AGE 1970 MODEL VAUXHAtU CATAUNAS totmrviiiis FIRST PAYMENT IN JULY Woofw WEEK-END BARGAINS Friday and Saturday only Uinilod. Wo Tts, Riejlit To Quontiiin. v HEALTH AND KAUTY DGPT. Manufacturer's Cleoranca X YARDlFf LOTUS TALC 4 ounces. Rog. Woolco FLATFISH LURES Choose from a- wide ronge of colors. Sizes H, F5, F6 and F7. Rog. Woolco Price 1 33. NOW, EACH uljlj Price I.JO. NOW GENERATOR FROM THE SMOKE SHOP O HANGING ASHTRAYS Assorted ond colon. ..J Reg. Woolco A M Q 391 NOW LIGHT SET fib .oil CompUle wtlh tail lights, wiring and brackets. s.3.97 ALPACA WOOL ALL-PURPOSE CLOTHS Ideal for cleoningi pollshlnfl i iKt car ond many other MOHAIR SWEATERS Selection Include! sleevelesi ond, long pullovers and 6 button 'Good assortment of colon. Sizes SrMfUXL. 907 4M QY O FOAM --.-O' Non allergenic. Ideal for camping. Rtg. Wooko QQ Q Pria> 1.17. NOW VALMQWE TOPPERS Water repellent and fulrr lined. Machine washable. 48. 9 O o n O O o O O bg. Woolco 29.99 ASSORTED Novelty asntrayt In assorted thapei, and colors. Wooko Prtc. .79 to 1.99. Top of Ih. line luggage in assorted sizes, colors ond styles. Quantities limited. Reg. Wooko Prico 34.95 to 54.95. .38.37 LADIES'ONE-SIZE PANTYHOSE 5eamfree and sheer Super sketch. Taupe ond Navy. LITTLE GIRLS' DRESSES Bonded Orion and Crimpknit fab- rici. Good wlection .of. brigh! Spring coFori fo from. Sizn 3 to 4.48 FROM WOOLCCys PAINT AND WAUPAPBI DEPT. NLAQAC SELF-ADHESIVE SHELF UNER range of beautiful patterns including While. II" x 2 yd. package, .99. NOW 2 for I .49 SPECTACULAR SAVINGS ON SUEK "IDNNY DARUNG" CASUAL SUP-ON SHOES tpnodlori by Perfect. Brown or 5 to Rig. Woolco Prie. 3.44. NOW A X A .CaiCU LADIES' TERRYQOTH CASUAL SHOES lace up and slip on slyles.'Foam soles. Sizes' 6 to 10. Rtg. Wooko Prie. 2.M. NOW 2.30 o MISSES' SUEDE DESERT BOOTS O Sites 9 to 13 and 1 to 3. Rtg. 5.97. NOW 4.77 fRiBAY TO A.M. SrtClAl ONI HOUR ONLY PEEK FREAN COOKHS T4 ounces of delicioOs cnocolate brownies, Wooko Price .61, NOW 2 for (99 SATUROAT A.M. SPKIAL ONf HOUR ONIT LADIIS' PUUT PASHrONID CARDIGANS 100% Acrylic. 2 ifylei to choosfl .from, Whift, YeHow, Beige, Tur- quofte, Corel or Brown. Woo4co NOW OejOO. 9 t ei.m.i 9 ittt 9 f.m. 9 p.m. College Shopping Mall 2025 Mcjor Mogroth Drivp ;