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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 28, 1974, Lethbridge, Alberta 6-THE LETHBRIDGE HERALD August 28, 1974 V Ideal with a sport shirt, these lightweight, 100% Orion swea- ters feature fine 1x1 rib knit styling. Sizes S-M-L in fashionable plain tones of Navy, Chocolate, Eggshell, Camel, Red and Powder Mix. Non-Iron Shirts Smartly styled in 65% 35% cotton. These tapered, long- sleeve shirts with rounded collar and roll-back "Toledo" cuff are just right for sport or dress ap- parel. Colours: Navy, Powder Beige and Chocolate. Sizes: S.M L 799 EACH (Not Illustrated) Men's Sleeveless Sweaters Add a fashion accent to your wardrobe with one or more of these 100% Orion 'V neck sweaters. Fine 1x1 rib knit design. S-M-L. Choose 'go together1 shades of Navy, Chocolate, Eggshell, Camel, Red and Powder Mix. Embroidered Corduroy Co-ordinate Sets for Men 5 99 Set Dress up your leisure time or add casual comfort to business hours with the newest fashion trend in men's co-ordinate set of Jac- shirt and matching jeans. Made of 100% Cotton Corduroy with em- broidered designs on yoke and back pockets. The tapered Jac-shirt has a yoke; 2 breast pockets with flaps; snap front and cuffs. The jeans have 2 scoop front pockets with 2 back patch pockets, belt loops and Western styling. Shirt: Even sizes; 36 to 42. Jeans Waist: 28-34. Leg: 34. DEPARTMENT STORES .1 onMmN rf FA WOOIWHRTH rn ITD Collage Shopping Mall Mayor Magrath Drivt Open Daily 9 a.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m. SATISFACTION GUMANTEEO ol beoins Sport Shirts for the Fashionable Man The Latest Check Patterns Popular long-sleeve shirts with smart spread collars and fully tapered fit Non-iron finish in various check patterns in col- ours of Navy, Blue, Red and Brown Sizes- S.M L Stylish Printed Yokes Choose from 4 printed patterns on front and back yoke in Navy or Red. It's a great new fashion look on a plain cotton denim body Men's'V'neck Long sleeve Sweaters Farewell to an old colleague T. C. Douglas former leader of the New Democratic Party, and NDP House leader Stanley Knowles lead mourners from the funeral of M. J. Coldwell, former leader of the Commonwealth Co-operative Federation, which preceded the NDP, from an Ottawa chapel Tuesday. The 85-year old socialist leader was cremated after the funeral and the ashes will be flown to Regma for a private family service. U.S. oil embargo over but effects linger on By THE ASSOCIATED PRESS The oil embargo against the United States is gone, but its effects linger on. Americans are still turning off lights, lowering air conditioning set- tings, driving more slowly and travelling less on vacation, a country-wide Associated Press survey shows. Though energy consumption has crept up from what it was at the height of the embargo, it is still well below the nor- mal five or six per cent annual increase rate. It's not because there isn't enough fuel Supplies of all types of fuel are plen- than this time last year. Whether the reduced con- sumption is merely a hangover from the winter shortage or a long-term decline in use is still unclear One thing is certain United States energy independence will depend on continued con- servation. The long-term energy crisis is real, it won't go away The Arab embargo was a Lawyers critical of corporate law TORONTO (CP) A panel at the Canadian Bar Associa- tion Tuesday criticized a provision of the proposed federal Business Corporations Act requiring a majority of directors of a Canadian com- pany to be Canadians resident in Canada Toronto lawyer B A. Spiegel said the provision is a "political measure" and should not be in a corporate law statute. "I'd love to see it right out of the he said, adding that it should be part of the Foreign Investment Review Act John Howard, assistant dep- uty minister in the depart- ment of consumer and cor- porate affairs, said the provi- sion was more controversial than all other parts of the act combined. He said the requirement for a majority of Canadian direc- tors was a "legislative concern" called for by members of Parliament. A member of the audience called it suggesting that if the govern- ment wanted to do something positive to limit foreign control, it should require a majority of shareholders be Canadian. Instead, he said: "It only appeases those concerned with foreign control and in fact does nothing except aggravate corporations in finding nominees." The panel was discussing the Canada Business Cor- porations Act, expected to be introduced in the fall session of Parliament It was introduced in the last session as Bill C213, but died on the order paper. It is being re- introduced with amendments and replaces the Canada Cor- porations Act The proposed act institutes a number of major changes concerning the running of cor- porations in Canada, as it relates to directors, officers, shareholders, securities, financing and the capacity of corporations The panel was one of many discussing various aspects of Canadian and international law at the annual meeting of the Canadian Bar Association attended by about lawyers from across the country. R W Cornish, a Toronto lawyer and member of the panel, questioned whether the new act gives too much power to shareholders. He said that by endeavoring to expand shareholders' rights to control the internal oper- ations of the company and by limiting the power of direc- tors, the act might be altered too far in favor of shareholders. One portion of the act, call- ed "unanimous share- holders' provides that the power of directors to manage a cor- poration may be restricted by unanimous agreement of shareholders. short-term crisis It made Americans cut their fuel con- sumption Most Americans questioned listed high energy costs and inflation as primary reasons for making fewer trips to the store, driving at 55 miles an hour or spending vacations in backyards When the price of gasoline jumps from 35 to 55 cents a gallon in one year and electrical bills jump 20 per cent or more, you reduce use, they said Here's a rundown of some of the changes in three main areas of LI S energy consump- tion samples in the survey Automobiles, electricity and vacations The auto: Though Americans generally are driv- ing faster than the national 55 m p.h speed limit, the sur- vey shows they are not speeding as fast as they used to Officials in most states agree that motorists have been inching up their speeds this summer, and many states report traffic tickets up con- siderably About fewer persons died in U S. traffic accidents during the first six months of 1974 than in first half of 1973, the National Safety Council says. The 55 m.p.h speed was cited as a major factor in the savings. But the reduced fatalities and accidents have not brought lower insurance rates. Insurance companies said they felt inflation has raised repair costs and negated savings from re- duced accidents. Electricity: Normal con- sumption growth has virtually disappeared Detroit Edison estimated last January that sales for February and June would be the same as for 1973 because of the energy crisis. Sales were 3 per cent lower than the estimate. Vacations: Americans are apparently taking vacations this summer at near normal rates, but they aren't travell- ing as far, and are staying longer once they reach their destinations. Tourism dropped more than 21 per cent for the first three months of 1974 in Arkansas. Now it's about normal. Las Vegas officials say visitor totals are currently about 10 per cent off. ;