Lethbridge Herald, The (Newspaper) - August 25, 1973, Lethbridge, Alberta
I THI LCTHMIDGI HKALO Auguii May reach billion Investor hike is expected OTTAWA Total pub- lic and private capital in- vestment In Canada this year is expected to reach 13 per cent greater than last year and four per cent above previous estimates for the government reported Tuesday. The figure covers capital ex- penditures for finance com- stor- communication and hous- industries and institutional government depart- ments and waterworks. INSURANCE LIABILITY BONDS AUTO FIRE ROSS1TER AGENCIES LTD. ESTABLISHED 1911 Lewtr Floor 517 4th Ave. S. Phono 327-1541 Private Industry capital out- deluding for this year were estimated at 19 per cent above last year and five per cent above previous 1973 said the report by Statistics Canada and the trade department. plans by the man- ufacturing industry provide the major stimulous in dollar terms to 'the over-all rise in in- vestment the report said. investment now is expected to exceed that of 1972 by 19 percent. This rep- resents an increase of nine per cent over earlier plans for 1973. added strength is re- flected in most industries and especially for oil food and beverages and for the chemical products QUALITY DENTURE CLINIC EDDY DIETRICH Certified Dental Mechanic Capitol Furniture PHONE In public the report said estimates were higher par- ticularly for hospitals. all provinces and the territories are showing increases in 1973 over the ear- lier estimates. As a comparison of the mid-year to- tals with 1972 levels indicates gains in all cases except for a small decline in New- the report said. Missing diamonds located Australia A missing case containing a consignment of diamonds worth turned up here the wrong label on it. Perth customs officials said the being flown originally Irom Copenhagen to are cent to Sydney from there back to Dublin. We Want to Purchase EVERGREEN and DECIDOUS TREES TO 15 FEET SPRUCE TREE FARMS SALES AND MOVING OF MATURE TREES PHONE 328-5806 Playing stock market can be 'rewarding' By SANDRA INGALSBE TORONTO Anyone thinks playing the stock market is the way to get rich quick would probably be as off playing the horses or poker. Investing can be but many people are not ready for the either financially or Canadian Business Service says in a recent letter listing guidelines for new investors. expenses are a head- ache- and you have difficulty meeting don't rely on DOWN END-OF-SEASON Mi OKANAGAN TRAILERS AND CAMPERS 13 MUST eoi PAYMENTS AS LOW AS HUGE STOCK NO. 1032 OKANAGAN 11 FT. CAMPER Equipped with stove and f urn 3 re- frigerator. ONLY DOWN and per month O.A.C. ON OGOPOGO MODEL 6568 STOCK NO. 818 SALES Wide Daily 9 a.m. to 9 p.m. Sat. 8 a.m. to 5 p.m. STOCK NO. 971 OKANAGAN 8 FT. CAMPER Equipped with 3-woy re- frigerator and 3 point jacks. ONLY DOWN and 65.38 PER MONTH O.A.C on approved credit 48.i8 PER MONTH O.A.C. STOCK NO. 819 OKANIAGAN TRAILER Sleeps 3 great for mid-size or compact equipped with furnace. ONLY DOWN and 65.38 PER MONTH O.A.C. DUN LOP STOCK NO. 970 OKANAGAN FT. CAMPER Equipped with furnace and 3-way refrigerator. ONLY DOWN and 79.14 PER MONTH O.A.C. 1510 Mayor Magrath at 16th S. Dial 328-8861 YOUR TRANSPORTATION CENTRE the stock market to pay your current expenses. Never buy stock with money that you know you will need within six months or a unless you can afford to borrow or are prepared to take a loss if nec- If income is adequate to meet all current and fore- seeable open a sep- arate investment bank ac- count and deposit regularly. All dividends and salary in- creases should be channelled into this account for reinvest- ment. Assets and liabilities should be weighed. For a house may appear to be an but if it has a mort- it is a liability. CAUTION WISE Age is taken with other factors. An older investor with a limited in- come would be more cautious than a younger one with a generous income. Tax savings are another consideration. Canadian Busi- ness Service says every in- vestor should have a regis- tered retirement savings plan. Interest on bank loans used to buy stocks can be charged against income but the loan should be kept within manageable about 25 to 30 per cent of the repaid when the market is high. The number and age of de- pendents is important.- Par- ents with young children should have enough life insur- ance and those with children of university age should con- sider financing those needs first. Weighing all these factors leads to perhaps the most dif- ficult What sort of temperament do you Canadian Business Service you are a nervous stick to very con- servative stocks even if you can afford to take risks. In- vestments are something to be enjoyed and to provide an interest. should not be a source of worry to keep you lying awake at night. BEWARE HOT TIPS aggressive investor should be careful not to be carrted away by hot stock promotions of his own impul- siveness or greed. Too often the desire to make money in a hurry can lead to One thing to keep in mind about a hot tip is that if it is such a good why is your telling you about it rather than buying every available share himself. Hovercraft given test Rick of Oril- a recent graduate of Georgian College's me- chanical technology pro- gram in tests his home-made hover craft his Victor An- nis. Mr. Drury built the vehicle for a thesis on of air in. a hovercraft machine and the study of propulsion fans. It can travel up to 35 m.p.h. on ice and snow. New partners VANCOUVER The Canadian Development Corp. has become a partner in Du- mex Ltd. of a sub- sidiary of East Asiatic Co. Ltd. East Asiatic in a state- ment released from its Vancou- ver office said the part- nership agreement provides for sharing of research and de- velopment activities between Dumex and Connaught Labora- tories of Toronto. established In Den- mark in 1956 as a pharmaceuti- cal producer and marketing or- has plants in Thai- Ghana and Nigeria. a manufacturer of biological drug is a member of the CDC group of companies. the Du- mex will market Connaught'B products in those countriei where Dumex is the East Asiatic Co. release said. agreement also en- visages joint ventures between the two partners in other parts of the particularly in developing Former B.C. minister dies VANCOUVER Will- em. James the who became minis- ter in British Columbia died in Vancouver at age 82. Mr. Asselstine was trade and industry minister in the T. D. Pattullo coalition gov- ernment from 1937 to 1941 but he always liked to remind peo- ple that his first job was as a muck an underground min- Ont. In 1910. PLANE 3 DEAD BOGOTA A Co- lombian Avianca Airline DC-3 with 17 people aboard crashed Wednesday in eastern Co- killing two crew mem- bers and one passenger. An Avianca spokesman said a third crew member and the other 13 passengers were seriously in- jured. ALWINSAL POTASH OF CANADA LIMITED Requires INDUSTRIAL MECHANICS and HEAVY DUTY MECHANICS Journeyman preferred with itrong background In with similar related experience will be eonildered. BOILER AND DRYER OPERATOR Grade X or equivalent. Saskatchewan lecond clan certificate. Minimum of five years experience in boiler op- eration and related fields. Will accept third clasj under permit to operate at second clan. Apply loi Industrial P.O. Bex 3100 Saskatchewan SOK 2MO Charge adjourned TORONTO A charge of misleading advertising against Dominion Stores Ltd. of Toronto was adjourned Thurs- day in provincial court until Sept. 13 wfcen a date for trial will be set. The company la charged un- der a section of the Combines Investigation Act with raising prices after publicly declaring that it would not. CAREERS 4th Class Steam Engineer Process Operator per hour plus ihift premium. Excellent fringe benefits. Shift work Involved. STAN SPROULE WESTERN CANADA SEED PROCESSORS LTD. P.O. BOX ALBERTA PHONE 327-5781 INSTRUMENT REPAIRMAN TECHNICIAN for ALBERTA GAS CHEMICALS LTD. now constructing 600 ton per day Mftthanol Plant In Medicine Hat. Should hove 5-7 years petrochemical Industry prefer person who has electricians certifi- cate as well. Immediate opening under supervision of maintenance and engineering manager. Apply CANADA MANPOWER CENTRE ALBERTA Wanted PICKUP AND DELIVERY PERSON FOR SHOP PARTS DEPT. International Harvester Sales Service Centre 304 Stafford Phone 327-3125 MEDICINE HAT COLLEGE invites applications for the position of BUSINESS MANAGER Preference give to CA or person with relevant Masters Degree and proven experience in fis- cal mancgement. The Business Manager Is responsible to the President of the College for all financial opera- tions of the including the maintenance of appropriate records and preparation of reports. This person also oversees the management of all College property and is responsible for most non-academic staff. In addition the Business Manager serves as Sec- retary to the College Board of Governors. more de- tailed job description will be sent to all to annually with cost-of-llvlng depending upon qualifications and ex- perience. Liberal including one month vacation. DEADLINE FOR September 1973. Send a complete resume of and date of availability DR. E. STANLEY PRESIDENT MEDICINE HAT MEDICINE ALBERTA YOUR FUTURE IS HERE. xilberra DRAINAGE SPECIALISTS Irrigation Department of lethbrldge. Supervises technical co-ordinates on-going reclamation or rehabilitation projects' work load with other division staff. Duties include determining methods of In- to identify saline and seepage prepar- ing cost estimates and designing canals or drain- age systems for draining or reclamation of farm land. B.Sc. in Agriculture or Agriculture several years re- lated eligible for membership in the A.I.A. Salary range to per annuiti. Competition 4406-C-5. Closes September 1973. Apply CALGARY address SOCIAL WORKERS Positions in Medicine Hat and Blalrmore. Health and Social Development. Involved In diversified casework In the areas of Child Juvenile Probation Public Unmarried Mothers and related. Univer. sity graduation In Social Sciences or Social Service some experience desirable or equivalent combintaion of qualifications. Salary range to per salary dependent upon qualifications. Compe- tition numben 8111-C-8. Closes September 1973. Information and application forms fromi GOVERNMENT Of ALBERTA PERSONNEL ADMINISTRATION OFFICE ROOM JOHN J. BOWLEN BUILDING 620 7th AVENUE S.W.