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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 18, 1973, Lethbridge, Alberta Wtdnndoy, April 18, 1973 THE UTHBRIDGE HERAID 31 Businessmen! rTliCIl you need A joint venture of Laurentide Financial Corporation Ltd. and BankAmerica Corporation. We're professionals in the financial field. Sale and leaseback Business acquisitions Purchase credit Inventory loans Working capital loans Receivable financing New business financing noiTH cormnenT CRPITRL. no. Vancouver: Calgary: 1200 West Render Street 832 Fifth Avenue S.W. Phone (604) 681-5375 Phone (4O3) 262-5088 Offices also in TORONTO and MONTREAL Old clock restored R. H. (Bob) Brown, a sen- ior technician in the Mc- Master University depart- ment of mechanical engi- neering checks time on century-old Dundas, Ont. town clock. Two students under the supervision of two professors restored dock, installed in the town hall before 1880. sears Gold Icings Bright, beautiful, and designed to be noticed your choice AU are in 10K gold. a-Genuine jade lady's ring. b-CuItured peart lady's ring. c-Genuine hand-carved lady's cameo ring. d-Lady's birthstone ring, {synthetic} e-Lady s birthslone ring, (synthetic) {-Lady's ring with 2 cultured pearls. g-Man's birthsione ring, (synthetic) h-Mans genuine jade initial ring. k-Wlan's synthetic garnet ring. m-Man's genuine onyx ring wHh initial and diamond. Jewellery HOURS: Open Doily from o.tn. Jo 5.30 p.m.; Thursdoy fron 9 30 e.m-to9-00 p.m.; Village Moll. 32S-9231. Government survey Canadian investment to jump 9 p.c. By GARRY FA1RBAIRN OTTAWA (CP) Total capi- tal investment of billion is planned for this year, an in- crease of nearly nine per cent from the billion invested last year, says a government report released here. The report, prepared by Sta- tistics Canada and the industry department, says planned in- vestment by the manufacturing industry and planned in- vestment in all new machinery stow marked increases. The report says "manufac- turing investment spending is expected to rise by about nine per cent in 1973 following two years of declining capital out- lays." The principal area of weak- ness in capital investment plan- ning is the mining sector, the report says. "Investment by mining firms is likely to decline somewhat further in 1973, following a drop of 10 per cent in 1972." Planned investment for this year is higher than last year's investment in all provinces ex- cept Newfoundland: "Capital plans for 1973 for Newfoundland involve a contin- uation of the downward trend in evidence last year. For both 1972 and 1973 reductions ara concentrated in primary in- dustries and manufacturing and utilities, not offset by gains in other sectors. The report on Investment plans, released Thursday for the first time, is the result of a survey of businesses. It also includes government in- vestment plans. Of the total billion planned investment, billKm is from the private sector while billion is to come from gov- ernments and government- owned enterprises. In addition, spending of billion is planned for repairs up from bilEon last "ear. Gov- ernment is to account for billion of this while the private sector plans to spend bil- lion. The report says much of the increase in planned investment will came in purchases of ma- chinery: "An increased emphasis on the acquisition of new machin- ery in evidence in spending plans for 1973, while in general less emphasis is placed on out- lays for Q2W structure. "Planned spending on new machinery and equipment in to- tal is up by about 14 per cent this year, which compares with a gain of 10 per cent for 1972." HOUSING DOWN Slower rates of growth in in- vestment for new structures is attributed to a smaller increase in house construction. "The expected increase pi less than six per cent in 1973 in outlays for new construction represents a slackening from the pace of last year when time for the Simpsons-Seen bunny to bring you o basketful bargains end here they ore! You con sove o sweet nest' of dolicrs on these imort little coots. Whet o collection c'oth cools, raincoats, ond pent coots oil in the latest spring colors end Get hoppin' now. Sizes 7-15 ond 8-20. Reg. to 59-" ladies' Sort end Coot Dept. JTORf HOWS: Open daily from e.m. to p.m.; Thursday 9.30 a.m. to 9.00 p.m. Centre Village Moll, Telephone 328-9231. ;