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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 31, 1970, Lethbridge, Alberta TH! lErMBRIDGE HERALD Monday, Augusl 31, WO ti. i-" I I JUVENILE VETERAN Walter Lee Marvin, 15, (left) leaves Jhe U. 5. Commissioner's office with his atiorney Matthew Willis. The Dothan, Ala., youth served twice in Vietnam the first time at age 13 and again the next year. The 6-foot-3-inch 198 pounder had been assigned as a military policeman at Fort Carson, Colo. Early re- ports which the army did not confirm said the youth had been wounded twice. INVESTMENT HIGH New capital investment in On- tario in 1SG9 totalled a nine per cent gain over the previous year. MOST HUMAN ERROR More than 93 per cent of all Compenation Board of Ontario, farm accidents are caused by human carelessness. Born Of Need In The Depression Treasury Branches Still EDMONTON (CP) Born of need in the Depression, Al- berta's near-banks, Treasury Branches, are still growing despite being called unconsti- tutional recently by two jus- tices of the Supreme Court of Canada. T h e Treasury Branches, manned by about 700 civil servants, offer all the services of chartered and savings accounts, term deposits, loans, safety deposit then some. Alhertans can purchase their drivers' and vehicle lic- ences, fish and game permits, pay utilities bills and health care insurance premiums at the branches. They also act as agents for fire and hail insurance, ar- range to buy and sell securi- ties, handle foreign money transactions and operate a collection service for manu- facturers, wholesalers and re- tailers. Provincial Treasurer A. 0. Aalborg, whose department oversees the branches, says at least 10 per cent of Alberta's 1.5 million residents do busi- ness at the branches. GET GOOD SHARE They have a "good share" of business from corporate bodies, including hospitals, school boards and municipali- ties, says another government spokesman. They also handle lie provincial civil service payroll. The machinery to establish :he system was put in motion when William Aberhart :ormed the Social Credit gov- ernment in 1935. Chartered janks closed 104 unprofitable bank branches in Alberta during the Depression and the Treasury Branches were opened to take up some of the slack. ACE BUILDING SUPPLIES It was 1938 before the first nine branches opened, but 22 more were operating one year later. Today there are 71 branches with requests from 84 Alberta communities to es- tablish in their areas. Mr. Aalborg says the brandies have been a factor in keeping interest rates "a little lower." Their loans to corporate bodies are "basi- cally one-half of one per cent lower than other lenders." NAMES Tt NEWS Newsweek says Dean Ache- son, President Harry S. Tru- man's secretary of state, un- successfully tried to disuade the late Presdient John If. Ken- nedy from backing the Bay of Pigs invasion of Cuba. And Acheson also told Ken- nedy not to name Senator J. William Fulbright secretary of state, says the magazine. Acheson's advice, Newsweek says, is contained in his taped reminiscences for the John F. Kennedy Library, which will be .milt in Cambridge, Mass. The magazine quotes Achesi as telling Kennedy in Marc 1961, that "1.500 Cubans we not as good as Cubans ASPENIT Per Sheet 4'x3W Per Sheet DOORS 9'x7', Each '.95 73 Prefinished Plywoods 4.59 Mismatch Varitone Walnut 4'x8' Sheets...........each AVANTE-GARDE Prefinished Plywood Capricorn Oak, Gemini Teak, 1Q Aquarius Elm......Per sheet ROUGH SPRUCE PLYWOOD Per Sheet Per Sheet g.68 2-95 PERFECT Combination Doors Shortlite Longlite Protect Your Car From The Weather This Winter Free Estimates Easy Terms FENCES We can supply all the materials you need and can give you a free esti- mate on the cost to have it built. Check Our Stock of I-X-L BRICK For the do-it-yourself Fireplace Builder. CORNER OF sth AVE. AND 24th ST. N IYLE DAVIS DICK STYNER Manager PHONES 328-7084, 323-8644 Greece Bids For Arms ATHENS (Reuters) Greec s negotiating the purchase eavy arms, including tank nd jet fighetrs from Franc nd West Germany, diplomati ourees said here The sources said a Unite tales embargo on heavy arm iu'pments to Greece, impose 0 months ago, forced Greece ook elsewhere for heavy arm upplies. But the Greek government dr ined today either to confirm r deny press reports that ad already secretly bought 5 auks from France. U.S. shipments of heavy arm 1 Greece have been suspendec mce the military coup of Apri 367, in an apparent effort 1 srce the military rulers to res ire democratic rule. But the French governmen was reported by diplomatic cir cles here to be making stren uous efforts to obtain an order worth several million dollars fo the sale of Mirage planes an AMX-SO tanks as well as othe modern arms to Greece. Duties Invoked On Fruit, Vegetables OTTAWA (CP) Protecliv customs duties on a wide rang of foreign-grown fresh fruit and vegetables have been in voked by the revenue depart ment over the last few weeks. The seasonal duties, appliec on imports to different regions in the country each year to pro tect Canadian produce about to come on the market, were pub lished Friday in the weekl; Canada Gazette. The duties range from three quarters of a cent a pound 01 cauliflower to 1% cents a pound pers, pears, lettuce, grapes pers, pears, lettuce, grapes on corn and prune plums. Pep cantaloupes and muskmelons are also affected by the tariff. The duties are timed to coin- cide with second-growth crops ready for export from other countries at the same time Ca- nadian crops are ready for mar- ket. The duty is dropped after the Canadian produce has been marketed. Parolees Earn Million OTTAWA (CP) A survey of :.376 federal prisoners on parole :howed that had jobs and ivould earn about this the national parole board aid today. The board said the survey in -lay showed that had per- nanent jobs, 853 were unem- >loyed, and 237 were in school r on retraining courses. The paroled prisoners have ,291 dependents, who were nostly on welfare while the readwinner was in prison. "There can be no doubt that it osls more to keep an inmate in prison than to parole said Andre Thorrien. vice-chairman of the parole board, in a news release. .MINERAL VALUE UP EDMONTON1 (CP) The value of Alberta's indusl rial minerals increased to mil- lion in 1968 from million in 1936, the 1970 report of the in- dustry and tourism department shows. and the planned invasion wouk be "a disastrous idea." Newsweek says that when Kennedy was considering Ful- bright for secretary of State Acheson told him the Senate foreign relations committee chairman "like to call for brave bold new ideas and he doesn't have a great many brave, bold new ideas." He then recommended Dean Rusk, a man unknown to Ken- nedy but termed by Acheson "strong, loyal and good in every Rusk got the job. Acheson also recalls unsuc- cessfully advising Kennedy against naming his brother Robert attorney-general, ths magazine says. Egyptian move star Omar Sharif paid top price of francs (about in France at the Doauville year- ling sales for the colt Tamout. Comedian Ked Skelton be came a grandfather for the first time yesterday. His daughter Valentina, 23, gave birth to an BVi pound girl. Her husband, Carlos Alonso, 30, works in the film cutting de- partment of a television studio at Hollywood, Fla. Anne Marie Rasmussen Rockefeller, whose marriage to the son of New York Gov. Nel- son A. Rockefeller ended in di- vorce last June, will marry Robert W. Krogstad of Madi- son, it was announced at Mad- ison, Wis. by the couple. Krog- slad, a recently divocred busi- ness executive, is ths lather of three children. Growing The two Supreme Court judges, in a minority report early this year, said the brandies intrude on the bank- ing field wliich is solely the responsibility ot the federal government. The report had no legal re- sult, but the Alberta govern- ment has introduced legisla- tion which Mr. Aalborg says will clarify that the.- branches 'arc operated by the province "acting on .behalf of the Crown." SWELLS REVENUES The system was subsidized by the province until 1960, but now is self-supporting and profitable. During each of the last 10 years it has swelled the province's general reve- nue fund by million. Any profit above that goes into a reserve fund, now estimated at close to million. Estimated profit for the fis- cal year ended March 31 is million compared with S3 million the last year. Deposits to the end of March were million compared with million in 1869 and million in 1844. Assets this year are ex- pected to total million compared with million in 1969 and savings and cur- rent accounts, which num- bered in 1944. now total The operation of the branches is confined to within Alberta's borders. In Lloyd- minster, which straddles the Alberta-Saskatchewan bound- ary, the branch cannot do business with residents living in the Saskatchewan section of the city. While they are a product of politicians, the branches are so well entrenched that no po- litical party would dare to touch them. Even Pater Lougheed, Pro- gressive Conservative Opposi- tion leader, admits they have been "set up very well." "I get the impression people are happy with them and they are obviously serving a need." Serious Problems In Textile Trade MONTREAL (CP) Serious problems in the Canadian tex tile industry have forced Di Pont of Canada Ltd. to lay of about nine per cent of its labo; force in the last six months. But Du Pont is not the only textile manufacturer hurt b; current conditions in the Caoa dian textile industry, crsatet largely by imports from the low-wago countries in Asia. Canadian Industries Ltd. rec orded net earnings of in the first half of 1970, down from in the corre- sponding 1969 period. Sales to- talled million, down from million. The company said lower ac- ivity in many important mar- kets, continued increases in manufacturing and other costs and restraints on selling prices resulted in the decline in sales and earnings in the first half of the year. And Chemcell Ltd. had earn- ings of in the first six months of 1970, a dr'op from the recorded in the corre- sponding period last year. Sales amounted to million corn- ered with nearly million in 169. Chemcell attributed the dec- ine to weakening domestic de- mand and said this factor, to- gether v.ith an increase in low- irice imports and a decr'ease in export sales, affected all key srcduct areas. Du Pont, which is involved leavily in textile operations, ad a net income of in he first half, down sharply rom the recorded in be first six months of 1969. E. H. Bleckwell, Du Font's resident, said yesterday there is no doubt the company Is fac- ing a serious problem as a re- sult of the conditions in the tex- tile Industry. But the industry is Mr. Bleckwell added. Soldier Fined For Refusing Haircut EKSJOE, Sweden (Reuters) A 20-year-old Swedish sol- dier has been fined 200 crowns for refusing to cut his shoulder-length hair in the first case of its kind in Swe- den. Pte. Lars Nomeby was found guilty here by a 1 o c a 1 court of refusing to obey an order. The prosecution argued that Norneby's hair was a safety risk as it could be caught in weapons and vehicles and im- pair his sight when shooting. Norenby said he wore a hairnet on duty and argued that he was as emotionally at- tached to his long hah- as oth- ers were to their skin color or religion. FRAME STYLES FROM AROUND-THE- WORLD FOR RENT Building with Sq. Ft. or Less located on 3rd Avenue with good parking Feasible for any type of business Write Box 24, Lethbridge Herald FULL FLAVOUR you can really enjoy r> J xv; THE CAR1ING BREWERIES (AlBERTA) LIMITED -BUI-7WIIJ ;