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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 10, 1974, Lethbridge, Alberta U.S. pulp makers back Canadians By BRUCE LEVETT WASHINGTON (CP) United States pulp producers, who once complained that im- ports from Canada' were grabbing an unfair share of the American market, quickly rallied to the Canadian side this week, calling for revoca- tion of anti-dumping findings. "Conditions have changed greatly since 1971-72, resulting in a worldwide shortage of wood the U.S. producers said as a special meeting of the U.S. tariff commission opened to con- sider the future of the anti- dumping duties imposed on imports from Canada since December. 1972. In a submission by John Darrow of New York, senior vice-president of the American Paper Institute, the U.S. producers stated. "As a result (of the dump- ing findings) many U.S. paper companies which purchase pulp have been forced to cur- Large B.C. ranch sold VANCOUVER (CP> One of British Columbia's oldest ranches, the Empire Valley, has been sold to German interests. Bill Spencer of Landon Agencies of Vancouver, said this week the ranch has been sold by Robert Maytag to Mrs. Sophie Stegemann. Mr. Spencer said she is from Ger- many and has been connected with ranching and horse breeding for many years. The ranch extends 65 miles south and west of the Fraser River to the base of the Coast Range Mountains, about 150 miles north of here. It was first homesteaded in the 1850's by Henry Koster. Mrs. Stegemann apparently paid between million and million for the acres of land. APPOINTMENT Vic Kautz Mr. Tom Seines, Sales Manager of Astro Realty Ltd., is. pleased to announce that Vic Kautz has joined Astro's Sales staff. Vic invites his many friends and customers to give him a call on any of their real estate needs. Phone 328-2685 or call the "Friendly People" "ASTRO REALTY LTD. Westminster Mall Phone 328-7748 tail operations from time to time because of pulp shor- tages." Darrow said that the 33 companies he represents produce approximately 99 per cent of this type of pulp con- sumed in the U.S. Washington lawyer Harvey Applebaum, appearing on be- half of the seven Canadian firms involved, told the com- mission: "With pulp expected to be in acute shortage for at least several more years, there is clearly no threat of future in- jury to the U.S. industry." He argued also that U.S. producers have increased cap- tive consumption and there is a continuing demand for Cana- dian pulp. Captive consumption is the industry term for pulp produc- ed by a company for its own use in paper-making. Applebaum said, "A dump- ing finding serves only to penalize U.S. consumers who must rely on Canadian im- ports. This is certainly not an objective of the anti-dumping act." Involved in the case are American Can of Canada Ltd.. Consolidated Pontiac Inc., Domtar Pulp Ltd.. Dryden Paper Co. Ltd., Eddy Forest Products Ltd., Ste. Anne- Nackawic Pulp and Paper Co. Ltd.. and Thursdo Pulp and Paper Co. The seven firms are or have been exporters to the U.S. of hardwood kraft pulp used in the manufacture of tissues and fine papers. The treasury department, following a complaint in September, 1972. investigated and ruled that the Canadian pulp was being sold in the U.S. at less than fair price for which it was selling in Canada. U.S. denounces beef quota OMAHA, Neb. (AP) The United States National Live- stock Feeders Association said Tuesday it disapproves of a Canadian offer to accept U.S. cattle and beef imports under certain conditions. In a telegram to U.S. Agriculture Secretary Earl Butz. association president Milton Brown said: "A companion quotas- stabilization program on top of certification adds insult to injury." H. H. Smith Ltd. Customs Broker EDMONTON PHONE 424-9796 I ULGUV PHONE 263-8050 Lethbndgi 328-8141 Kingsgate 604-4245458 COUTTS Home Office Phone 344-3822 Pheasant facts and fables Saturday, August LETHBRIDGE Shell announces doubled earnings Calgary sportsmen brought birds to Alberta habitat Pheasants are as foreign to Alberta as the white man! Until English settlers im- ported pheasants to the New England colonies around 1790, they were unknown in North America. Pheasants original- ly lived only from the Mediterranean Sea eastward through Asia to the Japanese islands. About 1000 B.C., the Argonauts introduced them to Europe and, nine centuries later. Julius Caesar forward- ed them to Great Britain. By 1000 A.D.. they were being hunted with cross-bows in England. The earliest introductions to America were unsuccessful. It was not until 1881, when 200 ring-neck pheasants from Asia were released in Oregon's Willamette Valley, that pheasants became firmly established in North America. So successful was this planting that in 1892, 11 years later, the first open season for. pheasants in America was declared. Over pheasants were reportedly bagged on opening day! Despite the success of this and other pheasant releases in the northern United States and eastern Canada in the late 1800's. pheasants were not seen in Alberta until 1908. That year, a group of Calgary sportsmen; including Fred Green, Austin de B. Winter, Don Patton, A. E. Cross and A. Wooley-Dod; purchased 80 adult pheasants from a game Taching field supplies all China's oil needs TACHING, China (AFP) Thousands of passengers rode on the Peking-Moscow train line without knowing they were passing through China's biggest oil field until the secret was lifted after 13 years. The Taching oil field is in the centre of Heilungkiang province at the northeast end of the country along the regular rail line passing through Manchuria. Foreign correspondents in Peking were invited here last week for the first time, and disembarked at Se Er Tu, which is Mongolian for Green Pastures. Taching made China self- sufficient in petroleum after depending on the Soviet Union for years. Oil was discovered here in 1959, just before the break with Moscow. This happened a few days after the 10th anniversary Annual Income on 5 year Guaranteed Investment Receipts. Fully guaranteed by Royal Trust for term of deposit. No fee or handling charge. Rates subject to confirmation. Guaranteed Investment Receipts. Royal Trust Member Canada Deposit Insurance Corp. 740 4th Ave. South, Lethbridge, Alberta 328-5516 celebration of the People's Republic of China. So the oil field was given the code name Taching, which means great celebration. It took five months for central government authorities to reach a decision to tap the field. The first trainload of oil left Taching June 1, 1960. In 1963, China told the world that it was self-sufficient in petroleum. Members of the Taching revolutionary committee say there are "thousands" of wells being exploited in this area. Their exact number has not been published officially, but estimates abroad are that there are about wells, supplying about 30 per cent of China's annual oil production. In 1973, say statements ob- tained by members of official delegations in China, China's oil production stood at five million tons and might double in the five years to come. These results explain why, since 1964, "Take Taching as an has become the big slogan of Chinese industry. SALESMAN OF THE MONTH Curly Sherman Mr. Tom Seines, Sales Manager of Astro Realty Ltd., is pleased to an- nounce that Curly Sher- man was salesman of the month for July, 1974. Whether you are buying or selling your real estate give Curly a ca" Phone 329-0793 or "Friendly People" ASTRO REALTY LTD. WMMMUrNMI PtoM 328-7741 farm in Yardley, Penn. Members of the Alberta Fish and Game Association released these birds near Mid- napore, Bragg Creek, Strathmore and along Rosebud Creek. A second release of 75 pheasants was made at Mid- napore in 1913 followed by a smaller release at Rosebud in 1914. While not confirmed, these birds were likely Chinese ringneck pheasants, one of 29 different races of pheasants. In 1919, Mongolian pheasants were imported from California and released around Calgary. During the next decade, hundreds of young pheasants and eggs were distributed to farmers for raising and release to the wild in the Brooks, Lethbridge, Camrose and Edmonton regions. By 1930, pheasant numbers had increased dramatically throughout Southern Alberta. Two years later, in 1932, Alberta held its first open season for pheasants. Hunting of the species has continued since that time. In 1945, a government phea- sant hatchery was established at Brooks to raise and dis- tribute pheasants throughout the agricultural regions of the province. Initially, pheasant eggs were collected from the wild and transferred to the hatchery for rearing. Later, a pheasant brood stock was maintained at the hatchery for this purpose. From 1945-1959, hatchery-reared pheasants were stocked from the U.S. border to the Peace River county. Of these. 45 per cent were planted in the parkland region, 35 per cent in the prairie region and 20 per cent north of Edmonton. By the late 1950's, pheasants occupied every area in Alberta where conditions favored their survival. They continue to occupy these areas to this day. Next week: Natural dis- tribution limits. SAM CARL'S WELDING LTD. WISH TO ANNOUNCE DISCONTINUANCE OF THEIR WELDING BUSINESS FORMERLY CARRIED ON AT 247-12th Street B, North LETHBRIDGE, ALBERTA EFFECTIVE AUGUST 6th, 1974 The company will not be responsible for any debts incurred on behalf of the company sub- sequent to that date. A Match For Any Process Air Conditioning Soft Fruit .mil VfjMdblc oi Dmy Poultry .tncl Lyg, Chcnntdl Prt Ice Rink, ft Curlm'j Hinki Petrol rum Refining Manufactured kc FRICK industrial refrigeration equipment SUPPLY INSTALLATION MAINTENANCE 8 SERVICE frozen f, Frrh Full f oort> Quick f MI "Tunn freeze Diy Call Phone or Write for Information REPRESENTATIVES FOR WESTERN CANADA Piy In: Li PHONE 255 81411 iEGGlta INDUSTRIES LIMITED 6520 MACLEOD TRAIL, CALGARY, ALTA. OVER 40 YEARS OF DEPENDABLE SERVICE CALGARY (CPl Shell Canada Ltd. said Thursday it more than doubled its ear- nings during the first half of 1974 compared with the first six months of 1973. A company statement said the increase in earnings does not fairly represent the com- pany's position, however, and issued a separate profit ac- counting which said it increas- ed earnings by less than 25 per cent when inflation was taken into consideration. Using traditional ac- counting methods. Shell reported earnings of million or 74 cents per share, compared with million or 37 cents per share one year ago. The company statement said the increase in 1974 ear- nings "largely reflects higher sales volumes and improved realizations for petroleum products, chemicals and natural gas compared to the first half of 1973." The statement added the effects of inflation "not only (inI the sharp escalation of costs on new ventures, with resulting uncertainities as to their economic viability, but also significant overstatement of reported earnings when measured on the traditional basis of historical costs The Shell statement said earnings, measured on a current dollar purchasing power basis, were about million compared to the million in earnings reported in traditional accounting methods. The statement said the com- pany, using the current dollar system, would show a 7.5 per cent return on investment dur- ing the last 12 months, instead ot the 14 per cent return shown in traditional ac- counting methods. The Calgary Herald, in a story by business writer Ron Nowell. said the new ac- counting method is being used because "Canadian oil com- panies, embarrassed over soaring profits of the past year, are looking for new ways to report earnings." "In the face of heavy criticism from angry con- sumers and politicians, the oil industry is looking for a way to explain that profits which may appear exorbitant to the layman are not really that high during a period of gallop- ing inflation. "Virtually every petroleum company is believed to be studying implementation of a new accounting practice that is only now emerging infla- tion accounting. "The goal of inflation ac- counting also known as "present value accounting" is to remove the distorting effects that inflation has on a company's profits." RECORDS FOR STELCO TORONTO (CP) Steel Co. of Canada Ltd. (Stelco) said Tuesday sales revenues and net earnings for the se- cond quarter and half year es- tablished records. Net income for the six months ended June 30 totalled or 96 a share, up from and for the first half of 1973. Sales rose to from Second- quarter income was 000 or 08 a share, up from and 94 cents a year earlier. Sales increased to from MOVE YOUR GRAIN GRAIN LOADER 7" OR 8" HIGH CAPACITY PORTABLE LOADERS New gearbox with spe- -tal gear is made to last. Available at OLIVER Industrial Supply Ltd. 236 36 St. North Phone 327-1571 or contact the "OLIVER OEALER" nearest you. STEWART M. CAMPBELL ALBERTA HOUSING CORPORATION APPOINTMENTS The Hon D J Russell Minister of Municipal Affairs and Chairman of the Alberta Housing Corporation Board of Directors today an- nounced the appomtmr-n; of two new members to the Board A. W Keith Anderson was born at Drumheller and has been a resident of Red Oeer since 1945. Mr. Ander- son is a chartered accountant and a partner in the accounting' firm of Anderson. Macor and Co. of Red Deer. Born at Daysland Str-wai; M Campbell received his early educa- tion at Rosiland and advanced education at S A I T in Calqary Mr Campbell is president of the Insurance Broker and Consultant Company Stewart Campbell Insurance Ltd In making the announcement, Mr. Russell paid tribute to retiring directors Gordon Alexander and Donald Goodwin, and expressed appreciation for their valuable contribution to the Corporation. The new appointments are in keep- ing with the governments policy of retiring board members after a three year term Liberia HOUSING CORPORATION ;