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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 5, 1974, Lethbridge, Alberta 10 THE LETHBRIDQE HERAUD Thursday, 5, 1974 Business expansion plans slowed Economic recovery outlook cloudy WASHINGTON (AP) Business in the United States is slowing down its plans for capacity expansion, the government reported today, clouding prospects for any strong economic recovery in the near future. Spending on new capital facilities such as factories and machinery is the key to crea- tion of new jobs and increased production to exert downward pressure on prices. So far in the current slump, capital spending had been one of the strongest factors in the economy. But the latest quarterly re- port from the commerce de- partment showed that businessmen apparently are joining consumers in cutting spending plans. CP Air to start daily Honolulu flight VANCOUVER (CP) CP Air will inaugurate daily Boe- ing 747 service between Van- couver and Honolulu on Dec. 9. the airline announced today. The airline has taken delivery of its third and fourth 747. The fourth was flown from the Boeing plant at Everett, Wash., on Monday, following the delivery of the third on Nov. 5. In addition to the daily 747 service between Vancouver and Honolulu, a 747 will operate each Sunday starting Jan. 5 from Edmonton and Calgary direct to Honolulu, returning to Edmonton via Vancouver. CHOLERA EPIDEMIC A worldwide cholera epi- demic, 1883-1894, killed millions. For the first half of next year, commerce estimated capital spending will total an annual rate of billion. That's an increase of 8.5 per cent above the first half of this year, and four per cent above the last half of the year. Although the total planned spending represents an in- crease, the rate of growth is below the 12.2-per-cent jump expected for all of this year. When compensation is made for the inflation that has erod- ed the buying power of the 1975 dollar, next year's plans would represent a drop in the actual volume of new equip- ment purchased. Green Island White Rum. You can alnwst taste the sunshine. GREEN ISLAND WHITE RUM BLANC 4 blend of the finest Canadian anil Imparted (1 hitr Rums d? rhmns bhinfs canadiens ft intpurtes de fa meilleure ijualile H. ml AI.O vol. JNTKKN.VnoNAl.WSni.I.KKSOK AN.M1A I.KTHBKIIXiE.AI.HKKrA RCV6LSTOK TRpnsu mix LETHBRIDGE TRANSIT MIX 12th Street 2nd Avenue North Call: E. H. Buck 327-7262 Equipped to serve all parts of the industry, summer and winter. Maximum Quality Control. Prompt Delivery. No job too large or too small. Efficient and Courteous Service. Present brief to energy board Gulf cuts gas exploration TORONTO (CP) Gulf Oil Canada Ltd. said Tuesday it has reduced its estimates of future natural gas supplies. In a brief presented to the National Energy Board (NEB) in September, the company estimated that ad- ditional supplies averaging about 2.8 trillion cubic feet a year would be developed over the next five years. But Gulf Canada representative J. R. Hardie told the opening session of a series of NEB hearings that these new supply levels are unlikely to materialize. Mr. Hardie, manager of planning and economics, said in September the company was "optimistic that the con- frontation that had developed between the federal govern- ment and the producing provinces would be resolved so that the resource industries would be encouraged to con- tinue exploration activities." However, Finance Minister John Turner's budget reaffir- med Ottawa's intention not to allow resource companies to deduct provincial royalties from their federal income tax. "We can only conclude that the level of exploration and development we had contemplated will not be carried out and consequently the level of supply that we forecast is not likely to he told the board; He did not put a figure on the supply reductions Gulf ex- pects. Looking for company This Queen's Park bench in Toronto, might be a pleasant spot to sit during the summer, but things have changed. Fe'v people were willing to share the bench with a bespectacled snowman, including this woman. FIRST FOR BRITAIN Bermuda is a British possession governed by a royal governor and a representative legislature, which is the oldest legislative body among British dependencies. Van's TV Sales Service think PART IV PICTURE QUIZ 5 POINTS His new federal budget included tax cute for low and middle income Canadians. Who is he? HOW DO YOU RATE? 91 to 100 points TOP SCORE! 81 to 90 points Eicrttont. 71 to 80 points Good. 61 to 70 points Mr. 60 or M'mml FAMILY DISCUSSION QUESTION In what ways could your family cut down on its use of sugar? YOUR NEWS QUIZ PART I NATIONAL AND INTERNATIONAL Give yourself 10 points for each correct answer. 1 In an address to Parliament, Energy Minister.. announced plane to eliminate all Canadian oil ex- ports to the United States by 1982. a-Donald Macdonald b-Beryl Plumptre c-Robert Andras 2 About Cree Indians and Eskimos in northern will receive million and ex- tensive territory as compensation for lands taken over and flooded by the James Bay hydro-electric project. a-Oritario b-British Columbia c-Quebec 3 All of the capital stock in the Bank of Canada is owned by private investors. True or False? 4 Severely slumping U.S. sales have caused massive layoffs in U.S. and Canadian manufactur- ing plants. a-auto c-packaged food 5 According to a recent United Nations international population report, (CHOOSE ONE: men, women) in the world outnumber the opposite sex by 10 million. PART II WORDS IN THE NEWS Take 4 points for each word that you can match with its correct meaning. 1.....negotiate 2.....contract 3.....ratify 4.....ballot 6.....nullify a-written agreement be- tween two parties b-formally approve useless d-settle by discussion e-paper on which a se- cret vote is written PART III NAMES IN THE NEWS Take 5 points for names that you can correctly match with the clues. 1.....Charles M. Drury a-fullback, Saskatchewan Roughriders 3.....Daniel MacDonald STUDENTS This Practice Examination! i valuable Reference Material for Exams. 4.....George Reed 5.....Richard Hatfield 122_-7_T______________ ANSWERS ON b-Premier, New Bruns- wick c-Princess Anne's hus- band d-Public Works Minister e-Veterans Affairs Min- ister _________________VECJnc. liViB'sTVAdYflrtiMmant ;