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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 21, 1970, Lethbridge, Alberta Rasminsfcy: Controls Needed To Beat Inflation LOUIS RASMINSKY Candidate Dies Before Vote SANTO DOMINGO (AP) Former provisional president Hector Garcia Godoy, 49, a can- didate in 'next month's presiden- tial ekdieo in OK Dominical) Republic, was found dead in his home Monday. He apparently died 'of i heart attack. He was ambassador to the United States until a few -months ago when be returned home to run in the election.: TORONTO (CP) Louis Ras- minsfcy, governor of the Bank of Canada, said Monday federal authorities must maintain re- straints on credit and spending until Canadians learn that de- manding higher incomes ulti- mately will damage their living standards. He told luncheo meeting of the Canadian Club of Toronto "Those who recommend that we should accept inflation as a means of maintaining a high level of activity and should ad- just various types of income to it are recommending policy that cannot produce the results seek." The best chance of prosper ous economic future an in a steady reduction in the rale o pay and jffice increases, he said. Although federal authorities have been squeezing credit anc spending for 18 months, "rates- of-pay far in excess of average produc tivity growth in our econom and are not compatible with movement towards price stabi ay." Mr. Hasmmsky, reiteralin an assessment of the anti-info tionary campaign presented i is annual report last month, for patience, because the orderly transition from strongly entrenched inflation to reasonable price stability is nec- essarily a long one." ARE RISKS He said rising" unemployment should be regarded as a cost, of inflation, not the result of mea- sures to contain While authorities must guard against.forcing the country into an outright recession, "I believe there is no doubt that the mast serious risks lie in allowing in- laUonary pressures to regain their'Strength." Mr. Rasminsky renewed his rejection of any argument that hoce who advocate continued restraint do not care about per- sons thrown out of work. Both those, whose primary wor.ry is unemployment and those who are anxious about in- flation are concerned about peo- ple, he said, but the latter are prepared to take longer-run con- siderations into' account.. Persistence in the effort to preserve the purchasing power of money is the best hope of maintaining a satisfactory growth in employment, Mr. Rasminsky said. Wheat Board Head Outlines Port Of Churchill Problems Jl, IHf UTHMIOGE HERAID 11 Jig Co-Op Merger Is Approved SASKATOON (CP) A organization wilh near- in annual sales ill be formed April 30 tbe merger of the British Co- umbia Co-Operative NVho'esale Society and Federated Co-Op- eratives Ltd., it was announced today. The amalgamation, approved t the annual meeting of B.C. Jo-Op Wholesale April 16, will irovide manufacturing, whole- aling and other services to about 430 retail consumer co- jperatives with a combined membership of about Co-Op's facilities nclude a petroleum refinery at fegina, lumber and plywood plants at Canoe, B.C., a lumber mill at Smith, .Alia., and feed nills at Winnipeg, Brandon, Saskatoon, Edmonton and Cal- The B.C. Co-Operative has warehouses at Burnaby, B.C., a consumer oullct at MacKen- ae, B.C., and participates with member groups in a network ot petroleum depot? throughout the province. TAKING AIM A Cambodian soldier with a new Communist rifle lakes aim during recent military operation in the Kompoftg District, 55 miles east of Phnom Si INSPIRATION Dicl-A-Thoughf OUS NEM NUMBER 327-4581 WINNIPEG (CP) W. August, September la European ports from McNamara, chief arrive at. they can be transhipped er- of the Canadian about the same time they smaller vessels to buyers Board, said today many their own the demand arises. lems face the Hudson Bay means that a tbe most part, shipments at Churchill in becoming a of tbe wheat Churchill are restricted to petffive port on tbe world of Churchill. and bought of wheat. or western European these drawbacks, Mr. Speaking at a meeting of must be sotred for a cNamafs said, large sales Hudson Bay Route time before it can be have been completed for he t a I'd- one of the first be said. out of Churchill this jeme is that Canada cannot high cost of money and these shipments will tate to buyers what type financing of at or near record levels. wheat to buy or from what is forcing buyers to am particularly, pleased to they win take on a able to indicate to'vou that it is just not again the US.S.R. will be cal nor practical to use price of shipments of wheat from ChurchM for shipments to out of Churchill this coming season" of our new 'markets such be an, answer, be said, Tracing the development of Japan, China, India and of the highly' northern Manitoba port, he triei in tbe far eastern of the world that during the 1930s, the be said. movement of wheat 'Mr. McNamara said Mr. McNamara said the to bushels ffl it ideJy located to of large vessels out year, while in tbe '60s it av- nuyttrp European countries Canadian ports, bushels. even then, wheat sales out large, variety of grains added: tbe port must be made at makes it more assure you it Is the 1 e T e 1 to compete with for the of the Canadian Wheat ments of other ships can move to do all we can within Another drawback, he said, is the short shipping season. supplies of all the various types of cereals for which power to further assist the development of this northwest- ments from a demand, into storage Canadian seaboard outlet." Look at the Features and Extra low Prke On This I fft iral SELF CLEANING ELECTRIC RANGE Clean-O-Motic eotolytic self cleaning oven Inflnlti htof iwiKnci 2 8" burner! All lifl evr burners wilh 3 year worronly Automatic clock confrol wilh minute 'minder glaii even door Full fluoreKinl light in color NO DOWN PAYMENT 74 MONTHS TO PAY niEC ORfVWY APPLIANCE TV CENTRE 1 LOCATIONS 7fti S. LYLE ROLLISON, PENIfOLD CHARLIE LAWRENCE DELIA RALPH COOK, RED DEER RICHARD MACKINNON. EDMONTON MRS. D: E. HOPPE, EDMONTON MARVEL MURPHY, EDMONTOH ARNOLD DZIWENKA, EDMON'TON WILLIAM JACOBS, CALGARY DAVID FOREST, HIGH RIVER EDGAR BOUCHER. LAC LA BICHE WELDON BRADSHAW, LANCASTER PARK FRANCES DAHL. LAC IA BICHE WILFRIED GIES, CALGARY BILL MITCHELL, LANCASTER PARK KURT PRAT7FELD, EDMONTON MARY ANNE FISHER. EDMONTON' FIORE M.L VAN GISTEREN, EDMONTON MRS.'GAIL CRAMER. EDMONTON R. DRYNYCH. EDMONTON MRS. ENID MITCHELL RED DEER D. H. MACRAE, ENTWISTLE DAN BACHOR, CALGARY SUSAN TAYLOR, EDMONTON STANLEY LAVALLEE. LAC LA BICHE ROSEL QUINTAL, LAC LA BICHE RICHARD WILLIAMS. CALGARY ELMER BUSEN1US, EDMONTON MRS. MARIE WATTERS, ROCKY MOUNTAIN HOUSE FRANCIS MALTAIS, EDMONTON! MRS. N. FEDINVC EDMONTON. MRS. A.-C. PALMER, CALGARY R. P. COSTELLO, CALGARY, NORMAN MITCHELL, CALGARY MRS. MARIE DOCKEN, CARNWOOD LORRAINE POLLOM, ST. PAUL GERALD VILLENEUVE, EDMONTON ISAAC KLASSEN, CALGARY WILLIAM VANDER BURGH, CALGARY MRS. ELNA SCHWARTZ, MEDICINE HAT 2ANE DEDELUK, EDMONTON H. H. BOS, RED DEER VICTOR NELSON, EDMONTON GERRIT HAKZE, LETHBRIDGE G. E. HOPCRAFT, ACME GARY COOPER, HIGH RIVER MBS. IRENE SMITH, ACME WILLIAM FLETCHER, CALGARY -IIM'CATHCAHT, EDMONTON WILLIAM KITZ, EDMONTOM FRED CARPENTER. LETHBRIDGE MRS. HAZEL PRATT, LETHBRIDGE MRS. C. H. MARLATT. EDMONTON MRS. KAREN SPENCr, CALGARY LErJ BONK. _ EDMONTON p. J. S'.ELLAN, CALGARY. H. F. STAMP. EDMONTON'- A. WALTERS, EDMONTON PAUL TOTH, CALGARY GREG TKACH. VETERAM. I D. R; LANOVAZ, SPRUCE GROVE 1RVIH GRENIER, ONOWAY DOUG PIKE; BENTLEy I REG POTTER BENTLEY MRS. MILDRED MALOWAMY, EDMONTOM STUART SHURTLEFF MEDICINE HAT M. MCCOEY, CALGARY DONALD GRAHAM, LACOMBE RONALD ANDRF.SS, CONSORT LAUREL RICHARDS, RED.DEER MRS. JOHN HIRSCH, MEDICINE HAT PAUL OWCHAR, HYLE GENE DARREL, BARONS HENRY RUUD. LAC LA BICHE LARRY TREMBLAY, LAC LA BICHE PHILLIP. RIOPEL, EDMONTON E. J. OUELLET. EDMONTOM DONALD WOODROW, EDMONTON RALPH SCHATZ, CAMROSE ROBERT WALTON, SHERWOOD PARK ALLEN .COSTELLO, EDMONTON ALEX LAKUSTA. ST. PAUL DOUGLAS WING, EDMONTOM R. R! CLARKE. Alberta's M Q ROBERT WALTON. SHERWOOD PARK ALLEN .COS cash winners: MRS. S. KENNINGTON.'PENHOLD LIONEL DESMARAIS, HINTON FRED KATHEDF.R. MEDICINE HAT LEONARD GOLBYi CORONATION CALGARY BETTY ANN DONALD, CALGARY Nl'CK SEKELLA. LUNDBRECK DALE KENT. CALGARY PATRICIA DEKEYSERy CANMORE H. J. MILLEN, EDMONTON C. W. HERGOTT, EDMONTON MRS. IVY FARKAS, CALGARY MATT STILES, EDMONTON ROGER PARE, EDMONTON WILLIAM TOWNDROW. PARADISE VALLEY HOWARD FLAIG, MEDICINE HAT JOHN TIMKO, TIL.LEY-R. PRECLAW, EDMONTON MRS. DENNIS RYALL EDMONTON MRS. H. DAVIS, RED DEER TOM NOSTERUD, TILLEY MARVIN REEVES, RED DEER MRS. LINDA MOW, EDMONTON JACOB IIALMA. GRANFORD MRS. DOROTHY REGER, EDMONTON C, BARB1ER, CALGARY CHARLES MCLAREN, CALGARY WILLIAM FWALD, CALGARY JIM DOBBYH, BALZAC H. H. LAWRENCE. PARADISE VALLEY EDWARD AUCOIN, CALGARY THERESA LALONDE, EDMONTON HENRI JOHNSON, GUV DANNY WOODEN, BYEMOOR VICKI TE1ERS, CALGARY MRS. B. TREMBLAY. CALGARY FRANK DAY, EDMONTON FLORENCE FORTNER, SPRING COULEE MRS.-TONY GARTNER (2) DAYSLAND MRS DUNCAN COOK; RED DEER AL ZOPF, EDMONTON LYLIA HUSHAGtN, EDMONTOM ALVA FADDEN; RED DEER _ _. PATRICIA CARRIES. EDMONTOM R. LAMARCHE. EDMONTON IfB MRS' RUTH GROVER CALGARY HARRY DEACON, MIRROR Km JM J MRS. FAYE PICKERING. EDMONTON and thousands of Export and Export'A'smokers :n mJuntOTnM who have LHMI tow Jm Avt. s. _ nt-nn R. J. REID, STfTTTLER TOM WYLIE, VULCAN JOAN STEELE, LETHBRIDGE" DAVID ADAMS, CALGARY MILLIARD F'ISHER, DRUMIIELLER MRS. A. P. SIMRKINS. CORONATION V. RAGO. EDMONTON MRS. GORDON ANDERSON, CALGARY HEDMOND FITZGERALD, RED DEER RUDOLF PETERSEN. WHITE COURT MRS. SHANNON DAVIS, LDMONTON E HANIAK, CALGARY ART BREE JASPER JUD1E MCLEOD, CALGAHY 0. KHISTIANSEN, BLUE RIDGE ROBERT OWENS, DRUMHELLER POBERTCLARKSON, STEHLER CASH, That's what smokers in Albefta and all across Canada are finding in green packs of Export and Export And they're enjoying great Macdonald STANIARSON, tobacco f lavout! DELIA LAVERNE SUMMERHAYS, CANMOftE JANICE MCKENZIF, RED DEER M. W. KLEPPER, PENHOLD WERNER STAIGER, CALGAHY JOHN ZYP, EDMONTON LEO LEA LAND, ALP EN SIDING DON GOLEM, LESLItVILLE MRS. KIT HUGHES, BLACKFALDS JOHN STRUSKI, ATHABASCA MRS. WALTER JOHN GUflNYVILLE DENNIS FRANtt, ROCKY MOUNTAJN MRS. LENA OUELLETTE, GlROUXVILLE ALLAN RA1RDAN, CALGARY 'HOWARD FIRTH, CALGARY JAMES HULKOVICH, STETTLER C. PYPER, EDMONTON our latest winners; The name of the game is Smoke Export and A k I' Winners will be required lo answer a simp'Io mathematical skill-testing question. Lists of piovincial winners are available for inspection during business hours at Tobacco Marketing 1116B StrMt Calgary 41, Alberu ;