Lethbridge Herald (Newspaper) - April 18, 1970, Lethbridge, Alberta
Tight Credit Regulations By July 1 By JAMES NELSON OTTAWA (CP) - The government hopes to have tight consumer credit controls in effect by July 1, and they may form a new regular tool for influencing consumer spending in the economy. Finance Minister Edgar Benson said in his March 12 budget speech he hoped to have legislation before the Commons in six to eight weeks, after consulting finance companies and other credit grantors on the details. That was about 5% weeks ago. But the consultations have run longer than expected, and produced more snares in trying to control consumer credit than the government apparently thought was the case. It may be another month before the legislation is ready. When it is put to the Commons and, presumably^ passed, it will be a more sophisticated consumer credit control law than simply an emergency measure to dea' with one facet of the current wave of inflation. It is likely, a government source said, to become a permanent piece of law which can be used much more handily than an emergency bill. In this, it is likely to be akin to British law which enables the U.K. Treasury to control consumer credit flexibly,, in relation to any short-term swing in economic activity. Sets Down Payments The bill will require rninimum down payments and maximum periods within which unpaid balances have to be settled. Mr. Benson said last month the government, initially at least, would require down payment of 20 per cent where credit is extended for more than one year, and require repayment within 30 months for automobiles, and within 24 months for other purchases. Once such legislation is in effect, the government would be able to vary the down-payment and repayment terms as needed either to discourage or' encourage consumer spending. A fhnaince department official said one of the reasons for the protracted discussions with money-lenders is- to evolve a plan that wiil be equitable to all, lenders and borrowers. In addition to personal bank loans and appliance or department store charge accounts, the law will be designed to cover credit cards for all sorts of major purchases, including travel. The finance department is anxious to plug all loop-boles. It wants to see that the credit regulations are just as forceful in purchases of new washing machines - no matter how badly needed! by the mother of a large family - as it would be in curtailing extravagances. Arctic Bill By STUART LAKE OTTAWA (CP) - External Affairs Minister Mitchell Sharp said Friday that by extending its territorial sea to 12 miles from three, Canada can declare as exclusive fishing zones the Gulf of St. Lawrence, Bay of Fumdy, Dixon Entrance, Hecate Strait and Queen Charlotte Sound. ; In the Northwest Passage; it would establish Barrow Strait and Prince of Wales Strait as subject to complete Canadian sovereignty, Mr. Sharp told the Commons. The minister was opening Commons debate on second reading of the government bill to extend Canada's territorial sea, a move under protest by the U.S. state department. Earlier, the Commons completed debate on another bill the Americans say they won't recognize. It would establish 100-mile shipping safety zones In the Arctic which ships could enter only after passing a rigid inspection by Canada. Voting on the Arctic pollution bill was delayed until next Wednesday when the government is expected to call for a standing vote. This would show the international community that all political parties are united in the government move to protect the Arctic from disastrous oil spills or other pollution. Main Remon Mr. Sharp said the main reason Canada is acting alone in proclaiming a 12-mile territorial sea is to have effective jurisdiction to enforce anti-pollution controls off its Arctic, East and West coasts. The new limit also would allow Canada to speed up the concluding of negotiations with European countries permitted to continue fishing in the nine-mile fishing zone now in effect. Mr. Sharp said there is an urgent need for new approaches to the problems of fisheries management, conservation and harvesting. "With growing populations, and the better technical development of fishing vessels and gear ... it has become dramatically evident that the resource itself could disappear." When the new fishing zones were proclaimed by the cabinet, Canada intended to end negotiations for the ending in stages of fishing activites in those areas now carried on by Britain, Norway, Denmark, France, Spain and Italy. The U.S. could continue in these areas under a reciprocal fishing privileges recently negotiated. "The U.S. and France also have certain treaty rights off Canada's East Coast, and these rights will of course be respected." Mr. Sharp said. Turning to the Arctic, the minister said claiming a 12-mile limit there did not weaken Canada's sovereignty claim over all of the northern waters. "I have made clear, as has the prime minster, that we will not back down one inch from our basic position on sovereignty but there is no interest on the part of the Canadian government in the exercise of chauvinism." Conservative and NDP speakers in the Arctic pollution debate continued their demands that the government make a ringing declaration of Canadian sovereignty in the Arctic. Warren Allmand (L-Notre-Dame-de-Grace) said the pollution bill was in effect a declaration of sovereignty. Nation's Highest Civilian Award Nixon To Present Spacemen With U.S. Medal Of Freed om By TOM SEPPY WASHINGTON (AP) - President Nixon honors the. Apollo 13 astronauts today by presenting them with the Medal of Freedom, the United States' highest civilian award, on behalf of the American people. Nixon flies to Hawaii to make the presentation but stops in Houston where he will present a similar award to the ground crew that handled the Apollo 13 mission. Sigurd A. Sjoberg, director' of flight operations at the Manned U.S. To Mark Safe Return Of Astronauts WAVE OF HAPPINESS - Astronauts Fred W7 Haise, James A Loveil and John L. Swigert, left to right, wave to the world aboard carrier Iwo Jima in the Pacific Ocean after their successful recovery from their trouble-ridden Apollo 13 moon flight landing attempt. Trudeau Answers Stianfield On Unemployment^ OTTAWA (CP) - Prime Minister Trudeau declined Friday to let his government become trapped into a match race between its crusade against "inflationary psychology" and the spread of unemployment in Canada. The invitation was extended in the Commons by Opposition Leadef Robert Stanfield, who asked what level of unemployment must be reached before the government will consider "that its policies to slow down the economy would be slackened." "Our policies to slow down the economy, as the honorable member puts it, will be slack- ened when the inflationary psychology will be'broken in this country," Mr. Trudeau replied. Mr. Stanfield's thrust was a continuation of the opposition barf age that followed the release Thursday of March unemployment statistics which showed 542,000 workers-6.7 per cent of the labor force-without jobs. As during Thursday's question period, Mr. Trudeau was the target for most of the attack. At first, he referred to bis answers of the previous day. He was referred by David Or-likow (NDP-Winnipeg North) to his statement at a December news conference that the government intended to "hang tough" against inflation even if unemployment rose to six per cent. Was the prime minister prepared to revise the figure to perhaps eight or 10 per cent, Mr. Orlikow asked. Mr. Trudeau told the news conference, he said, that the government was determined to fight inflation and that the sooner lie public rallied to support the fight, the sooner the danger of unemployment would recede. ' � ' ABOARD IWO JIMA (AP) -Back safely from space after a four-day battle for life, the Apollo 13 astronauts head for a reunion with their families and the congratulations of their president today. The president, in a statement Friday after Apollo 13's. flight ended, said: "A relieved nation says welcome home." He also declared Sunday a national day of prayer and thanksgiving for the astronauts' safe return. The spacemen rested Friday night after bringing their Apollo command ship to an on-target landing in the South Pacific, splashing down within sight of this helicopter-carrier and television cameras beaming pictures throughout the world. ENDS DRAMA Their return ended a desperate drama which began last Monday night when an explosion racked their spacecraft as they headed toward the moon. It took away much of their electricity and cancelled their moon-landing plans. Apollo 13 left the immediate .future of Apollo 14, originally scheduled for October, in doubt. "It's not definitely off for October, but it certainly isn't definitely on for October," said Thomas O. Paine, administrator of the National Aeronautics and Space Administration. He said a review board will study Apollo i3's problems, and that it was "too early to speculate" on the launch date of Apollo 14 until the source of the oxygen tank rupture aboard Seen and Heard ABOUT TOWN piN STRIPE painting, ex-pert Jim Schlacter painting his whole oar after an'un-successful attempt to cover up only the missing chrome strip ... Dr. M. T. Melling commenting that since his wife took over the operetta "The Merry Widow," he had lost a wife and gained an operetta ... Dr. C. D. Lund-gren frantically scurrying about 13th St. when a large pile of statements he was carrying became "gone with the wind." 18 Killed; Damage In Millions Tornadoes Strike West Texas 13 Missing In Tanker Explosion DURBAN (AP) - An air-sea search early today for 13 missing crew members of the Lib-erian t anker Silver Ocean, blasted in two by am explosion 145 miles northeast of this South African port on the Indian Ocean, revealed only debris and a spreading oil slick. Twenty-seven survivors were taken off the 11,563-ton vessel's stern section by midnight Friday night. Early today, a search plane reported "the stern section had sunk and was visible just below the surface of the sea. An oil slick about 12 miles long and nine miles wide spread over the water to the north and debris littered the heaving sea over a wide area. No further survivors could be seen. CLARENDON, Tex. (AP) - Tornadoes struck the Panhandle-Plains sector of West Texas today, killing at least .18 persons and causing damage running into millions of dollars. Swooping down from thunderstorms laden with hail and torrential rains, the twisters ravaged a stretch of countryside more than 175 miles long, starting southwest of Lubbock and skipping toward the northeast. State police reported seven persons died as the winds struck a retirement village called Sherwood Shores five miles north of Clarendon. At least seven others were killed at scattered points along the tornadoes' path. Authorities feared the death toll would rise as wrecked houses were searched. Heaviest damage apparently was at'Plainview where at least two persons were killed and at least 38 injured. Twisters first were sighted near Plains, about 50 miles southwest of Lubbock. Then they struck at Whiteface and Whitharral. Plainview took a beating from one that struck in hopscotch fashion across the city and left a trail of demolished farm homes for eight to 10 miles to the northeast. At Plainview, the twister hit the city's southwest edge, bat- tered through a residential section, skipped into an unoccupied housing project, destroyed two large grocery stores and then hopped and jumped for eight or 10 miles toward1 the northeast. Record 'Quake ANCHORAGE, Alaska (AP) -A strong earthquake registering 6.2 on the Richter scale occurred 150 miles southwest of here at 10:54 p.m. Friday, the Palmer Observatory reported. The observatory said the quake was not of sufficient magnitude to generate a tidal wave. No damage or injuries were reported. The quake was felt strongly along the Kenai Peninsula, in Anchorage and Cordova. Apollo 13 is determined. Apollo 13's return touched off a worldwide thanksgiving. The astronauts' near tragedy and dramatic four-day struggle back to earth clutched the hearts of governments and peoples everywhere. The schedule time for Lovell, Haise and Swigert called for them to leave the Iwo Jima by helicopter at 11 a.m. MST today on a 50-minute hop to Pago Pago, Samoa. There, a U.S. Air Force jet transport was ready to fly them to Hawaii, about 700 miles to the north, for an arrival about 7 p.m. MST. Doctors who examined the astronauts on board the' Iwo Jima reported Friday night that Haise had a urinary tract infection and a low-grade fever. Dr. Keith Baird, a NASA doctor, said, however, the astronauts were in generally good health. Baird also said the astronauts were more exhausted than any previous space crew he had examined. Each-had lost five to 10 pounds, and he said they had suffered from the 40- to 45-de-gree temperatures in their spacecraft and had had little sleep. Spacecraft Centre In Houston, will accept the medal from the president on behalf of the crew of the National Aeronautics and Space Administration. Nixon decided to give the astronauts the medal, the White House said, after he saw the successful splashdown of the embattled Apollo 13 spacecraft Friday. Astronauts James A. Lovell* John L. Swigert and Fred W. Haise were to have made a moon landing, but their mission was aborted Monday night because of a sudden electrical power failure in the spaceship. TWO OTHERS WITH NIXON Nixon watched the splashdown at the White House along with former astronauts Michael Collins and William A. Anders. "He broke out in spontaneous applause when he first saw the astronauts' parachutes on television," Anders told reporters afterwards. "The president was certainly relieved that the crew got back safely." Nixon himself announced the trip to Houston and Hawaii. "There are no adjectives that can be added at this time," he told reporters. "I thought the most exciting day of my life was the day I was elected President of the United States. "I thought perhaps next to that was the day that Apollo 11 DEFT. . INTERNA*-^ REVENUE. ~F1 Students Stone Embassy BEIRUT (AP) - Palestinian students stoned the United States Embassy here today to protest the visit of Assistant State Secretary Joseph Sisco. The attack on the embassy came hours before Sisco arrived in this Lebanese capital from his talks with Israeli officials in Tel Aviv. He was heavily guarded when he got off his plane and was flown by helicopter from the airport to the residence of U.S. Am ba ss ad or Dwight Porter. Security forces with rifles and sub-machine-guns were posted oh the roof of the air terminal. The students broke several windows but did not inflict major damage. Tljey threw volleys of rocks from the tennis court of the American University of Beirut, which adjoins the parking lot at the rear of the embassy. completed its flight and I met it when it came down to sea in the P&cific THIS TOPS BOTH "But there is no question in my mind that for me, personally, this is the most exciting, the most meaningful day that I have ever experienced." Immediately after splashdown, Nixon telephoned the wives of astronauts Lovell and Haise and the mother of bachelor Swigert. He will pick up Mrs. Lovell and Mrs. Haise in Houston and take them and Swigert's parents to Hawaii. He also proclaimed Sunday a national day of prayer and thanksgiving. Nixon talked to the astronauts after they boarded the carrier. When the space capsule was safely back to earth, Nixon issued a statement which said: "For much of mankind, the reaches of space had never seemed so infinitely remote as they did when Apollo 13 was crippled nearly a quarter of a million miles from earth, headed toward the moon. "With astronauts Lovell, Haise and Swigert safely back on earth, a surpassing human drama that gripped the world for ZVz days at last has a happy ending. New Avalanche Threatens Villas TIP-TOED-INTO-CANADA - Tiny Tim arrives in Montreal Friday to perform at the Casino Royal over the weekend. He is seen here upon arrival at the airport serenading Air Canada stewardess Jocelyne Quel let. From AP-Reuters SALLANCHES, France (CP) - A. new mud and snow slide started down the mountain near the children's sanatorium avalanche disaster site today during a visit by Marie Madeleine Dienesch, French secretary of state for social affairs. The slide, a slow-moving one fed by rapidly-melting snow, eased toward two villas near the Praz-Coutamt Sanatorium where 71 persons were killed Thursday. A detachment of mountain troops was dispatched to try to divert it. Miss Dienesch was, visiting the scene before going to the funeral service, as the govern- ment's representative, for the majority of the victims. Rescue workers dug through the rubble of Thursday's avalanche early today, looking for bodies of 23 victims still missing. By midnight Friday night, 48 bodies-38 of them young boys being treated for tuberculosis at the sanatorium-had been recovered. Most of the victims still unaccounted for were children, buried as they slept in the sanato-r i u m. Authorities originally listed 72 persons as buried under the mass of snow, ice, rock and earth, but said Friday night that an employee of the sanatorium bad been listed by mistake.