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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 18, 1970, Lethbridge, Alberta Tight Credit Regulations By July 1 By JAMES NELSON OTTAWA CP The goremmeBt to bmw tight credit coutiuls hi effect by My they may fonc new regular tool for Influencing consumer spending in the Finance Minister Edgar Bonn said la his March 12 budget speech be hoped to tare lepslatioB the m six to eight after cowttnc finance comraniei and otter credit noton M That was about weeks But the cottuKations have ran Joogertfaan and produced more snares in dying to COBBTO eawmer credit than thei government apparently thought was the It may be another monm before the tegJdaijoa is When It is put to be Commons it will be a more sophisticated consumer credit control law than simply an emergency measure to deal with one facet of the current wave of It is a government source to become a permanent piece of law which can be need much more handily than an emergency ft is likely to be akin to British law which enables the Treasury to control consumer credit in rela tion to any shortterm swing in economic Sets Down Payments The bill will require minimum down payments and maximum periods within which unpaid balances have to be Benson said last month the id eally at would require down payment of 20 per cent where credit is extended for more thn one and require repayment within 30 months automo and within 24 months for other Once such legislation is in he government would be able to vary the downpayment and repay ment terms as neededeither to discourage or encour age consumer A finance department official said one of the rea sons for the protracted discussions with moneylenders is to evolve a plan that wffl be equitable to lenders and In addition to personal bank loans and appliance or department store charge ac the law will be designed to cover credit cards for all sorts of major including travel The finance department is anxious to plug all loop It wants to see that the credit regulation just as forceful in purebaees of new washing ma chines matter how badly needed by the mother of a large family as it would be in curtailing Nations Highest Civilian Award Nixon To Present Spacemen Medal Of Freedom By TOM SEPPT WASHINGTON Presi dent Nixon honors Apollo 13 astronauts today by presenting them withthe Medalof Free the United States highest civilian on behalf of the American Nixon ffies to Hawaii to make the presentation but stops in Houston where be will present a similar award to the ground crew that handled the Apollo 13 Sigurd director of flight operations at the Manned To Mark Safe Return Of Astronauts Tfiudtes Arctic Bill By STUART LAKE OTTAWA CP Extonial Affairs Waster Mit chellSharp said Friday that by extending to terri torial aea to U mbei from Canada can as exclusive fisting zona the Gulf of SC Bay of Dixon Hecate Strait and Queen Charlotte i In the Northwest K would establish Bar row Strait and Prince of StraR as subject to complete Canadian Sharp told the The minister was opening Commons debate on sec ond reading of the government bin to extend Canadas territorial a move under protest by the rfate the Commons completed debate on another bffl the Americans say they wont It would establish 100rrile shipping safety zones In the Arctic which ships could enter only after passing a rigid In spection by Voting on the Arctic Donation bill irac delayed unta next Wednesday when the government if expected to call for a standing Tins would stow the inter national community that all parties are united h the government move to protect the Arctic from disastrous oil spills or other Main Reason Sharp said the main reason Canada Is acting alone in proclaiming a 12mile territorial sea Is to have effective jurisdiction to enforce antipollution controls off its East and West The new limit also would allow Canada to speed up the concluding of negotiations with European countries permitted to continue fishing in the fishing zone now in Sharp said there is an urgent need for new approaches to the problems of fisheries conservation and With growing and the better techni cal development of fishing and gear it has become dramatically evident that the resource it aelf could When the newfishing zones were proclaimed by the Canada intended to end negotiation for the ending in stages of fishing actirites in those areu now carried on by Spain and The could continue m these areas under a reciprocal fishing privileges recently The arid France also have certain treaty rights oft Canadas East and these right will of course be Sharp Turning to the the minister said claiming t 12mile limit there did not weaken Canadas creignly claim over all of the northern 1 have made as has the prime that we will not back down one inch from our bade position on sovereignly but there U no interest on the part of the Canadian government in the exercise of Conservative and NDP speakers In the Arctic pol lution debate continued their demands that the govern ment make a ringing declaration of Canadian sover eignly in Ihc Warren Allmaod said pollution bill is effect a declaration of WAVE OF HAPPINESS Astronauts Fred and John left to wave to the world aboard carrier Iwo Jima in the Pacific Ocean offer heir successful recovery from their troubleridden Apollo 13 rrioon flight landing Trudeau Answers Stanfield T 1 On Uwmlomeptt OTTAWA CP Prime Min ister Trudeau declined Friday to let his government become trapped into a match race be tween its crusade against in fuuiDnary psychology and the spread of unemployment in Can The invitation was extended in the Commons by Opposition Leader Robert who asked what level of unemploy ment must be reached before the government will consider that its policies to slow down the economy would be slack Our policies to slow down the as the honorable member puts win be slack ened when tte inOatiaoary to his statement at a December choicer will bebroken in this news conference that the gov Trudeaii eminent intended to StanfieWs thrust was a tough inflation even if continuation of the opposition unemployment rose to barrage that followed the re lease Thursday of March unem ployment statistics which showed per cent of the labor As during Thursdays question Trudeau was the target for most of the be referred to bis answers of the previous He was referred by David Or likow North cent Was the prime minister prer pored to revise the figure to perhaps eight or per Orlikow Trudeau told the news he that the government was determined to fight inflation and that the sooner fhe public rained to sup port the the sooner be danger of unemployment would ABOARD IWO JIMA AP from space after a fourday battle for the Apollo 13 astronauts head for a reunion with their families and the congratulations of president The in a statement Friday after Apollo flight relieved nation says welcome He also declared Sunday a na tional day of prayer and thanks givisg for the astronauts safe The spacemen rested Friday night after bringing their Apollo command ship to an ontarget fcudmg hi the South splashdown within sight of this helicoptercarrier and tele vision cameras beaming pic rum throughout the ENDS DRAMA Their return ended a desper ate which began last Hobday night when anexpto racked tfaev jpacecraft at they beaded toward the It took sway much of their elec tricity and cancelled their noonlanding Apouo 13 left Immediate future of Apollo origtaalry scheduled for in Its not definitely off for Oc but it certainly isnt defi nitely on for said Thomas administrator of the National Aeronautics and Space Administration He said a review board will study Apoflo 13s and that H was too early to specu late on the launch date of ApoQo 14 until the source of the oxygen tank rupture aboard Apollo 13 is Apollo 13s return touched off a worldwide The astronauts near tragedy and dramatic fourday struggle back to earth clutched the liearts of governments and peoples every The schedule time for Haise and Swigert called for them to leave the 7wo Jima by helicopter at 11 MST today on a 50minute hop to Pago a Air Force jet transport was ready to fly them to about 700 miles to the for an ar rival about 7 Doctors who examined the as tronauts on board the Iwo Jima reported Friday night tbat liaise had a urinary tract infec tion and a lowgrade KeHt a NASA doc the astro nauts generally good Baird also said the astronauts were more exhausted than any previous space crew he had ex Each had lost five to 10 and he said they had suffered from the 4fr to 45de gree temperatures in their spacecraft and had had little Spacecraft Centre In will accept the medal from the president on behalf of the crew of the National Aeronautics and Space Nixon decided to give the as tronauts the the House after he saw the successful splashdown of the embattled Apollo 13 spacecraft Astronauts James John and Frtd Haise were to have made a moon but their mission was aborted Monday night be cause of a sudden electrical power failure in the TWO OTHERS WITH NIXON Nixon watched the splash down at the White House along with former astronauts Michael Collins and William A He broke out in spontaneous applause when he firisl saw the astronauts parachutes on tele Anders told reporters The president was certainly relieved that the crew got back Nixon himself announced OM trip to Houston and There are no adjectives that can be added at this be told I thought the rnost exciting day of my life was the day I was elected Pres ident of the United I thought perhaps next to that was the day that Apouo 11 Seert and Heard ABOUT TOWN PIN STRIPE ex pert Jin ScUarter paint ing his whole carafter anun suecessful attempt to cover up only the missing chrome strip Melting commenting that since his wife took over the operetta The Merry he had lost a wife and gained an operetta frantically scurrying about 13lh when a large pile ut statements he was carrying became gone with the 18 Killed Damage In Millions Tornadoes Strike West Texas 13 Missing In Tanker Explosion DURBAN AP An search early today for 13 miss ing crew members of the Ub erian t anker Silver blasted in two by an explosion 145 miles northeast of this South African port on the Indian reveakd only debris and l spreading oil Twentyseven survivors were taken off the vessels stern section by midnight Fri day Early a search plane reported the stern tection had sunk and wag risi ble just below the surface of the 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 t wide No further wrriran could bt AP Tornadoes struck the Paihan dlePlains sector of West Texas killing at least 18 persons and causing damage running into millions of Swooping down from thunder storms laden with hail and tor rential the twisters rav aged a stretch of countryside more then 175 miles start ing southwest of Lubbock add slopping toward the northeast State police reported seven persons died as the winds struck a retirement village called Sherwood Shores five miles north of At least seven others were killed at scattered points along the tornadoes Authorities feared the deatH toll would rise as wrecked Heaviest damage apparently was at Plainview where at least two persons were killed and at least Twisters first were sighted near about 54 touthwest of Then they struck at Whitefaoe and WhitharraL PUmview took a beating from one that in Record Quake Alaska AP strong earthquake regis tering on the Richter scale occurred ISO miles southwest of here at the Palmer Observatory The observatory said the quake was not of magnitude to generate a tidal No damage or injuries were The quake was felt strongly along the Kenai in hopscotch across city and left a trail of demo lished farm homes for eight to 30 miles to the At the twister hit the citys southwest bat tered through a residential sec skipped into an unoccupied bousing destroyed two large grocery stores and then hopped and jumped for eight or 10 miles toward the Students Stone Embassy BEIRUT AP Palestinian students stoned the United States Embassy here today to protest the visit of Assistant State Secretary The attack on the embassy came hours before Stsco uaiiveil in this Lebanese capital from his talks with Israeli officials in Tel He was heavily guarded when he got off his plane and was flown by helicop ter from the airport to the resi dence of Amba ss ador Dwight Security forces with rifles and submachineguns were posted on the roof of the air students broke several windows but did not inflict major Tbey threw voi leys of rocks from the tennis court of the American Univer sity of which adjoins the parking lot at the of the completed its flight and I met it when it came down to sea in THIS TOPS BOTH But there is no Question in my mind tbat for person this is the most the most meaningful day that I have ever Immediately after splash Nixon telephoned the wives of astronauts Ixivell and Haise and the mother of bache lor He will pick up Lovell and Haise in Houston and take them and Swigerts parents to He also proclaimed Sunday a national day of prayer and thanks Ninon talked to the astronauts after they boarded the When the space capsule was safely back to Nixon is sued a statement which said For much of reaches of space had never seemed so infinitely remote as they did when ArioUo 13 was crippled nearly a quarter o a million miles from beaded toward the With astronauts Haise and Swigert safely back on a surpassing human drama that gripped the world for 3W days last has a happy New Avalanche Threatens Villas nrTOfDWTOCANADA Tiny Tim orrivet in Mon treal Friday to perform at Coilno Royal over the week it upon arrival at airport serenading Air CarwoaMwarOMi Joeriyiw From APResters France CP new mud and snow slide started down the nountam near the childrens ava lanche disaster site today dur ing a visit by Marie Madeleine French secretaryof ilaU for social The a slowmoving one ed by rapidlymelting eased toward Iwn villas near the PrazCoulant Sanatorium where VI persons were killed A detachment of mountain troops was dispatched to try to divert Mist Dienesch visiting the scene before going to the fu venl tti M tbo merits for th majority of the Rescue workers dug through therubble of Thursdays ava lanche early looking for bodies of 23 victims still miss By midnight Friday 48 bodies38 of them young boys being treated for lubcrcu losis nl the been Most of the victims still unac counted for were bur ied as they slept in the sanato ri u Authorities originally ksted 72 persons as burled under the mass of rock and but saW Friday right that an employee of bad been feted by ;