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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 7, 1974, Lethbridge, Alberta 7, 1974 Sagging economy hitting Europeans B> THE ASSOCIATED PRESS West Germany reported its highest unemployment in 15 two ailing European auto giants required emergency aid and Britain prepared tough energy-saving steps Friday. In the Middle East, Saudi Arabia is reported to have i eached basic agreement with tour United States oil com- panies to buy out all their shares in the Arabian American Oil Co. and thus become sole owner of Aram- co, the world's largest oil producing company. The Middle East Economic Survey said the long-expected deal would have a far- reaching effect on the inter- national oil situation but it was not immediately known whether the change would have an impact on consumer prices. West Germany, which boasts one of the healthiest economies in the West, reported nearly per- sons out of work in November and warned that the number may top one million early next year. Chancellor Helmut Schmidt was expected to meet with his cabinet next week to map out economic measures against mounting "stagflation" simultaneous recession and inflation. The federal labor office said the 3.5-per-cent unemploy- ment rate was the highest since February, 1959, when 1.2 million workers, 5.7 per cent A time for sharing... A time for growing Looking for ideas for Christmas giving? Why not give that special someone a gift for learning? A Gift Certificate from The School of Continuing Education at the Lelhbridge Community College For more information call Tern at THE SCHOOL OF CONTINUING EDUCATION Lethbridge Community College 327-2141 Extension 228 of the labor force, were jobless. In Washington, the U.S. labor department reported Friday that the U.S. un- employment rate leaped to 6.5 per cent in November, its highest level in 13 years. Britain's Labor government announced emergency meas- ures leading to partial state takeover of the British Leyland Motor Corp., the country's largest auto com- pany and maker of the Austin, Morris, MG, Jaguar, Daimler, Rover, Triumph and Wolseley motorcars. The company has lost million since last April because of declining sales and labor walkouts and new- spapers reported it needed million to pull out. The British government was also reported ready to assume wide powers to conserve energy, including new speed limits and restrictions on heating and lighting in in- dustrial and public buildings. The government said the measures will be announced Monday. Prices on the London stock market tumbled, led by oil is- sues that took a bad beating amid a rash of speculation that major outfits were in trouble. Garrison project talks to resume in Washington WASHINGTON (CP) -Pol- icy talks between Canada and the United States on the con- troversial Garrison diversion project are scheduled to resume here Jan. 17, an interior depart- ment source said Friday. "It's supposed to be a high- level policy meeting at the re- quest of the he said, "but the cast of charac- ters has not been drawn up yet" Canada and the U.S. last met on the subject of the huge Worth Dakota irrigation pro- ject last August in Ottawa. Talks were scheduled to resume here in December, but were postponed at the request of Canada. Glen Shortliffe, head of the U.S. division of the depart- ment of external affairs, led the Canadian team at the Ot- tawa sessions. Canada has formally pro- tested continuation of the development, which it claims might "significantly and seriously degrade water quality" in the Red and Souns Rivers of Manitoba. deserve a retirement savings plan. could use a tax deduction, Get what you deserve the easy way. Here it is. A brand new idea from Royal Trust that makes a tax- deductible retirement savings plan affordable by everyone eligible. It works the same way as a savings account. You put away money for your future and get a tax deduction at the same time. With Roya! Trust's Guaranteed Savings Account R.S.P., you put away as much as you want, when you want. Just like a savings account. And that way you don't even notice it. Think of it. Now you have a choice of making a single large contribution to your retirement savings plan or you can contribute small amounts over the course of the year and achieve the same result. And we'll go one step further we'll lend you the money. Highlights of the Plan: Minimum initial contribution: No fees at any time. Contributions of any amount within the allowable limits may be made at any time. Transfers, terminations, annuity purchases may be made at any time. All contributions are guaranteed by Royal Trust. Interest rate is V4 of 1 higher than the going Royal Trust Savings Account rate in effect on the first day of each calendar quarter. Interest is calculated on the minimum monthly balance and credited quarterly. Statements are submitted quarterly. income tax receipts are issued three times yearly in January, February and March. Transfers from other R.S.P.'s, pension refunds, retirement allowances arid other qualified monies are acceptable. We think we've come up with a simple, flexible guaranteed plan, easy for you to understand and participate in. pail us or see us for more information or to clear up any questions. Decide what you want. We can help you. Guaranteed Savings Account Retirement Savings Plan Royal Trust 740-4th Ave. South Lethbridge, Alberta Phone 328-5516 B.C. armed robbers get lengthy jail sentences VANCOUVER (CP) Two armed robbers were sentenc- ed Friday to lengthy prison terms, but still face a long list of charges resulting from an escape last week from police headquarters Robert Hume, 23, of Chilliwack was jailed 14 years and Gordon Andrews, 21, of Victoria was sentenced to 10 years when they appeared in provincial court before Judge John McCarthy under heavy security They were shackled at the ankles and handcuffed as they were taken from the courtroom by five British Columbia penitentiary guards Judge McCarthy said they were a danger to society and that the public has to be protected The judge said both had pleaded guilty to seven armed robbery charges last October and November that netted cash and jewelery worth more than "You showed un- manageable and incorrigible behaviour as a juvenile and you haven't changed since You are not a fit member of society Booze bust RCMP roadblocks near Prince George, B.C., re- sulted in the confiscation recently of about 300 cases of beer and 100 bottles of assorted liquor, most of it from minors. The confiscated bottles were tossed into a gar- bage dump this week then run over by a bulldozer. YAMAHA ORGANS New and Used COLLEGE MALL Phone 328-3694 ISSUER AGENCIES LTD. AHClHiaiof Insurance FIRE AUTO BONDS LIABILITY Established 1911 Royal Insurance and other leading companies Lower Floor 517-4IH S. Ph. 327-1541 Bugle Horn Good slocking stuffer' Makes safely 'un Mour 's on handlebars 5.75 3-5-and 10- speed bikes Tor cwvone i" the family all with the famous Jonn Deerp quality right in Now too" Adults tike-, 'rom 99.95 child rens f'orn 66.95 Speedometer lo reid Mounts on handle bars Makes riding fun 14.75 Cyclometer Like a car s odometer it records Precision ifsted for quality 6.75 Wire Saddle Baskets KK'S keep hands on thp handlebars with wtra saddle baqi for books etc Bolts or p.isily 10.95 Safety Pennant Kit Kit comes with b j 9x1? inch fluorescent orange pennant b foot detachable rod and connector 6.65 Generator Light Kit To so-e and be seen with' Headlight and taillight Needs no batteries 14.75 The Christmas Spot for Toys, _______ Tools, Bikes, Lawn and Garden Equipment, Barbecue Grills and a lot more. McKAY BROS. 3214-5th Avenue North, Lethbridge FARM IMPLEMENTS LTD. Phone 327-5512 ;