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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 13, 1971, Lethbridge, Alberta Friday, August 13, 1971 THE LETHBRIDCE HERAID 13 Douglas, Lewis lo campaign in Alberia EDMONTON (CP) The hvo most prominent members of New Democratic Paity David Lewis and T. C. Douglas will enter the cam- paign for the Aug. 30 Alberta election to help the provincial NDP, a party spokesman said today. Mr. Lewis was named leader of the national party earlier this year to succeed Mr. Doug- las. The parly said both will con- duct news conferences and lour n number of constituencies to help in the campaign. Massive tax reform promised by NDP EDMONTON (CP) Mass- ive tax reform and a major overhaul of govcinincnt spend- ing priorities is needed to make laxalion equilable in Alberta, Grant Nolley, provincial New Democralic Party leader, said Thursday. He said the Social Credit gov- ernmenl budgeted for a Sire million deficit at Ihe last legis- lative session. If cither Social Credit or Progressive Conser- vatives arc elected on Aug. 30 "There will be five-por-cenl sales lax in Alberta by spring" to overcome the deficit. BETTER DEAL To avoid this, an NPD gov- ernment would increase re- source revenues by negotiating a better deal in the 10 year re- view of royalties, that comes up next year, Mr. Notley said in a news conference. Approxi- mately million per year would be realized from an in- crease in royalties. He also proposed a nalural gas export lax of 30 per cent which he said would in at least million in additional revenue. "If we are exporting .-nil- lion to million per year of our resources, which cannot be replaced, I would not call a 30- per-cenl lax unreasonably high An NDP government would increase corporation taxes lo 13 per cent from Ihe present 11 per cent, he said. An identical corporation tax has been in cf- fecl in Manitoba and corpora- tions were still establishing there. I'm sure Uicy will not leave Albcita if Uiey have to pay a slightly higher lax which could result in at least million more revenue for the prov- ince." Mr. N'otley r.ziii he would co- operate with the federal govern- ment lo have management fees paid by Canadian subsidiaries lo United Slates head offices designated as dividends and therefore subject to 15-per-cent, non-resident taxation. The payment of unrealistic management, fees by subsi- diaries foreign head offices has allowed them to escape Canadian taxation because they don't declare a dividend, he said. "In the meantime, Die parent company pays taxation on rev- enue gained in Alberta lo (he U.S. government." He said a further million would be generated annually through a Uvo-per-ctnt road al- lowance tax on resource indus- Iries. The NDP would also impose a capilal gains tax Uial family farm, home and small business owners would be exempt from. To improve government ef- ficiency, a royal commission would be appointed to examine government operators, Mr. Notley said. "This does not mcnii that civil servants' jobs would be en- dangered." He said rural paople are pay- ing mere and getting less for their laxes. To correcl this his party would employ Hie prin- ciple of paying for sen-ices on income instead of property ownership. ASPHALT PAVING TOLtESTRUP SAND and GRAVEL Construction Co. Ltd. A PHON6 313-7702 327-3610 J DEFIANCE A defiant banner, proclaiming "No Sur- hangs across Fountain Street above British flags in Ihe Protestant section of Londonderry. An English soldier slands guard on the street which overlooks the Catholic Bogside area. Future bright for rapeseed OTTAWA detailed federal study sees exciting pros- pects [or rapeseed in world markets, but warns that the in- dustry must be able to move quickly to meet changing mar- ket conditions. "World trade policies and buying practices are changing rapidly and the Canadian rape- seed industry must respond quickly to any situation which would" adversely affect its im- proving market situation. "A marketing system which may be appropriate for 1971 may be inappropriate for 1975. Market conditions therefore must be monitored continuously to discern significant changes in trends." The study, released this week, n-as produced by a three-man committee appointed in April, 1970, to evaluate alter- native marketing systems for rapeseed. Its members arc James McAnsh, executive direc- tor o[ the Rapeseod Association of Canada in Vancouver, For- rest Holland of Naicam, Sask., president of the Rapeseed Growers Association of Saskat- chewan, and Paul Babcy of Ed- monton, president of Unifarm. "After some 30 years of rela- tive insignificance, rapeseed, 'the Cinderella has now emerged as a major Prairie grain the study says. "Agricultural economisis pre diet continued growth lor the foreseeable future." LISTS FOUR SYSTEMS Four marketing systems are analysed: 1. .The open market, with competitive buying and selling by the grain trade. 2. Voluntary pooling, by which participating producers could receive the average annual price for their rapeseed. This system could be combined with an open market. .1. The Canadian wheat Iwnrd could be Ihe sole purchaser from producers, offering Ilicm an initial price with additional payments according to selling price. 4. A producer-controlled mar- keting agency. The study lists advantages and disadvantages of each sys- tem but makes no over-all judg- menl. NO SUBSIDY NEEDED It says Ihe open market sys- tem requires no subsidy on (he part of government, "lends to encourage rationalization o f production" and provides pro- ducers and others with market price indicators up lo nine months in advance, among oUier advantages. But the open market system also makes producers tear the bulk