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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 10, 1970, Lethbridge, Alberta TH! irTHBRIBCt HCRAIB Tti'HiHtiy, IP, on MVS iieea protection 1 basis: Jackson. HAMILTON" (CP) A federal Ontario which began Monday in cific Railway, which is required securities commission should bo j Toronto. j to provide more information to established whether the prov- Mr. Jackson said a national inccs want it or not. the joint j authority is needed because the Senate-Commons committee on the constitution says. George Jackson, a }lairjlton investment specialist, told the 21-member federal committee that Canadian investment capi- tal must be "kept national in its flexibility, and any tendency to foster regional or provincial capital should be discouraged." Submitting one of six briefs during a four-hour sitting, Air. Jackson urged an exclusive fed- eral securities power "with or without provincial Tt ivas the first time the com- mittee has heard such a pro- posal since it began a series of cross-Canada meetings to obtain ideas for constitutional reform. The committee moves to Windsor today to wind up multiplicity of provincial securi- ties laws leaves investors with no belter protection than that of a "crap-shooter." "The direct employment private investment capital I he U.S. Securities Commissioi to be listed in New York than it gives its mm Canadian share- holders. Douglas Hogarth, Liberal member for New Westminster, o( j said Mr. Jackson was suggest- in i ing, in effect, that a federal Canadian negotiable securities j power take over the incorpora- cannot continue to be left to 101 lion of all prpvincially-incorpo- provincial governments and 10 provincial pieces of legislation nor to the self-regulating bodies whose primary and fun- damental objective is to then- own best interests." All Intel-provincial securities rated companies. "I'm concerned with how the securities are put together, how they are underwritten and how they are Mr. Jack- son replied. He said the list of situations business would come under the where public investors have national commission. been "led to financial slaughter, four-city tour of southwestern ntuation such as Canadian Pa- E. B. Osier, Liberal member i just in the past decade, is for- ;or Winnipeg South Centre, said I midable." Mr. Jackson's brief hit the issue I In another brief, Otto Lang- Mr. Osier said a na- mark, Hamilton city planner, body would deal with a used charts to support his thesis that by the year 2000 cities will set commission tax voice CALGARY city's I The commission would re- finance committee has adopt- view the city's budget, and ed a proposal by Mayor Rod recommend spending priorities Sykes to establish a citizens' and a mill rate for 1971. budget commission which The mayor said he would would give the public a direct j provide a more detailed outline voice in setting the city's year- ly tax rate. of the commission's procedures and a list of representative per- j ies LONDON (Reuler) A 30-1 Marshall, Minn., eclipsing the year old mother of two won j record of 400 miles claimed by the equivalent of to- students of Lea College at Al- day for a 36-cent stake on a na- tional soccer pool. The woman, who would nci be identified, lives in Berkshire and is the wife of a carpenter. She currently forecast the re- sults of eight games. bert Lea, Minn., who rolled their keg to Chicago. The Minnesota students won a 5250 donation to Uieir school from a brewery. EUGENE, Ore. (AP) The pool operator, Little- j Salyers, Lane County sheriff's woods, said the payoff is a! lieutenant, saw his younger world record. The previous rec-! brother Larry on a Eugene prd, it said, was in 1966 when! street corner, so he arrested the third time. The elder Salyers, 29, said he had arrested his 21-year-old brother three rimes for being AWL from the army. it paid out ST. LOUIS (AP) Four Min- nesota students trundled an em- pty beer keg up to the Gateway Arch here aid claimed setting a w o r 1 d record for beer keg- rolling. The collcg i a n s, ail sopho- mores at Southwest Minnesota Stale College, said they had rolled their keg 619 miles from THE HARD WAY The Greeks and Romans kept themselves clean by chipping away at their body grime with iron or silver gadgets shaped like shoehorns. sons and organizations to take on the advisory role at the nexl finance meeting. The commission would act as an advisory group reporting to the finance committee during budget deliberations, the mayor said. In an interview, he said the purpose of a citizens' advisory commission would be to estab- lish "the broadest possible con- sensus in the community to de- termine the final mill rate." Soviet plane designer dies MOSCOW (AP) ArtemI I. Mikoyan, 65, one of the design- ers of the Soviet MiG-class jet fighter planes, died today after a prolonged illness, Tass news agency reported. Mikoyan designed the MiG-15 with Mikhail Gurcvich and the aircraft's designation c a m o from their two narnes. He was a brother of Anastas I. Mikoyan, a top Kremlin leader in the Stalin and Khrush- chev days. The announcement said Mi- koyan was a deputy of the Su- preme Soviet, the Russian par- liament; twice a Hero of Soviet Labor and winner of the Lenin and other stale prizes. be defined by the number o] jobs available in a certain area. By this time, the population would lie on a three-day work week and live vast distances from their jobs. Douglas Sowland, NDP mem- ber from Selkirk, said Mr. Langmark's theory of decentral- ization of population runs against a popularly-held theory that cities will grow bigger and need more autonomy. Several briefs to the committee during its Toronto hearings urged the creation of city states with pow- ers to raise taxes and enact leg' islation to cope with urban sprawl. Alayor Vic Copps of Hamilton, first to appear before tie com- mittee- here, was one of the po- litical leaders wto urged that municipalities be accepted as participating partners by the provincial and federal govern- ments. Mr. Rowland said if Mr. Langmark's thesis is correct, ihe supposition that urban centres will become unwieldy 3ecause of over-population is faulty. A brief submitted by a group calu'ng itself Radicals for Capi- talism argued that governments should not have the power to collect taxes and expropriate property from citizens. W. S. Lees, a Hamilton book- keeper, said a new constitution should contain provisions to allow for conscientious objection to membership in trade unions and professional associations. In Toronto the committee heard appeals earlier Tuesday for a bill of rights entrenched in the constitution to protect Can- ada's basic freedoms, particu larly for minority cultural groups. It was told by George H. Bevan, retired Toronto engi- neer, that Canada should adopt the United Nations universal declaration of human rights as its own, rather than write a new code. Representing theToronto- based United Action of Chinese Canadians, Fred Kan called for an entrenched bill of rights to protect what he called Canada's multi-racial and multi-cultural society. He echoed sentiments of two Ukrainian groups who p-ppeared before the committee Monday night. An oil company financial ana- yst, James Conrad, called for abolition of the monarchy on the grounds it has a disruptive ef- 'ect on Canadian dialogue. Mr. Conrad proposed Canada orget about trying to codify a constitution and rely instead on he decisions of future federal-- jrovindal conferences. LETHBRIDGE: 613 4th Ave. f j v, Dear Little Princess I know you are happy because you are think Ing about the coming holiday season. I arfi sure you wish to be especially pretty, so ask your mother to go with you to Woolco choose a beautiful dress at the low price of 4.43 Then again you might wish to make a second choice at the low price ol 2 tor You will surely be the envy ot your Iriends. These beaulilul Orion dresses in plaids or solid colours, will make you a very pretty Snow Princess indeed. The sizes are from 7 to 12 Hurry and ask your mother to take you to see this beautiful collection. I wish you the Merriest your beautilul Orion dresses. Open Monday, Tuesday and Wednesday 9 a.m. (o 6 p.m.; Thurjday and Friday 9 a.m. to 9 p.m.; Saturday 8 a.m. to 6 p.m ;