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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 12, 1974, Lethbridge, Alberta 2 THE LETHBRIDGE HERALD Thursday, Oil price scare pulls rug from under British pound THE ASSOCIATED The British pound dropped to its lowest value ever and the London stock market hit a 20-year low Wednesday as oil- exporting countries prepared to consider raising oil prices again Acting on reports that Saudi Arabia will no longer accept oil payments in British pounds, oil companies set off a wave of selling to exchange pounds for dollars The Bank of England was reported buy- ing pounds in an "aggressive" attempt to halt its fall. The decline in the stock market was blamed on the currency drop, plus reports that Arab investments were being transferred from Bri- tain to Paris and the expecta- tion that Britain's monthly trade figures, to be released today, will show a deficit of billion In relation to the dollar, the pound fell to 31 from 32 the day before It dropped nearly nine centimes to 10 51 French francs. The franc has been rising steadily, and gain- ed Tuesday against the dollar and the German mark also. The Bank of England said the pound had declined more than 21 per cent from its level of three years ago, compared with the trade-weighted average of 14 major curren- cies In relation to the dollar alone, however, it has sometimes been lower. A spokesman in New York disclosed that Saudi Arabia has notified the Arabian American Oil Co. it wants no further payments in British currency Financial experts in London estimated that 10 per cent, or billion, of oil payments to Saudi Arabia are made in British pounds, but the spokesman in New York put it at 25 per cent Usually the Arabs leave the money on deposit in London banks, thus bolstering the country's financial reserves, but in the first half of the year about billion in short- term investment money has flowed into France. However, an American banking source in Paris said the poor state of British economy was the basic reason for the pound's decline, and the Paris newspaper Le Monde said French borrowing from Arab countries had strengthened the franc. The Organization of Oil Ex- porting Countries, whose members have been com- plaining about the impact of inflation on their riches, was reported divided over raising prices The 13-country group opens a two-day meeting to- day in Vienna. The hawks would like to raise the price of oil 3.5 per cent when existing prices ex- pire Dec. 31, but Iran in- dicated late Wednesday it might be willing to delay the increase The doves, led by Saudi Arabia, advocate price cuts Ottawa giving Iran PM hard sell on reactors Fanne pinched for bare fanny SANFORD, Fla (AP) Fanne Foxe. the stnpper-pro- tege of Representative Wilbur Mills, was arrested early to- day and charged with indecent exposure, officials said State Attorney Jack Fuienwider said Miss Foxe was arrested for being com- pletely naked" during a per- formance He said the Argentine-born stripper was charged with a violation of the state statute as it pertains to indecent exposure Club owner Mike Pinter also was arrested "for letting this happen Miss Foxe was receiving a week for a two-week engagement at the night club near this central Florida city The engagement began Mon- day night A mother of four, Miss Foxe, whose real name is An- nabella Battistella, broke into the headlines two months ago when she jumped into Washington's Tidal Basin after police stopped a car in which she and Mills were riding OTTAWA (CP) Federal ministers are giving every im- pression of exerting the hard- sell on Iran in hopes of selling nuclear reactors there The possibility of a sale of the CANDU system to the oil- nch country came up at least three times in two days that Iranian Prime Minister Amir Abbas Hoveyda spent in Ot- tawa this week. It will come up again today when Trade Minister Alastair Gillespie joins Mr Hoveyda at Pickering, Ont., to tour the Ontario Hydro Electric Com- mission's nuclear reactor, which Canadians say is the largest, safest and most ef- ficient m the world The high Canadian interest in selling CANDU to the Iranians appears despite some recent question whether Canada will export any more reactors The cabinet has had the question of safeguards against the use of Canadian technology to create nuclear explosions before it for some time. It started consideration after India used plutomum from a Canadian-provided reactor to make the nuclear device it exploded recently. The question has been rais- ed whether Canadian safeguards would be so strict that no country could take a CANDU While Canadian officials have emphasized to Mr. Hoveyda that the question of safeguards must be settled before any sale can be made, they also have been exhibiting all the selling points in favor of the system. Mr. Gillespie and Energy Minister Donald Macdonald talked of it again Wednesday. The RANGE that WASHES dishes... IT'S AN OVEN 21 Perma-Clean Continuous Cleaning Oven attractive dark glass door closed-door smokeless broiling safe eye-level controls mterior lights A COOKTOP... lifetime guaranteed Perma Coil elements solid chrome steel burner bowls recessed top contains spillovers for easy clean-ups AND A DISHWASHER! random-loading convenience soft-food disposer (eliminates pre-nnsing) spray arms with direct water supply roll-out baskets six-button wash selections with Hygienic cycles and Rmse-n-hold for later washing Modern Maid's (30" good-looking Cook-n-Clean Centre! Available as a built-m or a slide-in unit See Modern Maid perfect for remodelling, modern kitchens lifestyles OF CANADA LIMITED Simplicity Division Smith's Color TV Appliances 236-1 3th St. N. Phone 328-5541 Closed Mondays, Open Thursday and Friday till 9 ED In brief Nixon deceived Ehrlichman WASHINGTON (AP) John Ehrlichman, once among the stauncbest Nixon loyalists, says he now realizes Nixon deceived him at least four times about Watergate. "In at least four major in- stances, the impressions given me by the former presi- dent were Ehrlichman told the Watergate cover-up trial Wednesday. "I think there is an ample showing in this record I was deceived." London club bombed LONDON (Reuter) Police today were searching for two men who bombed the Naval and Military Club and fled before a posse of pursuing taxis. The blast occurred as Parliament was rejecting demands to restore the death penalty for terrorists. No one was hurt in the ex- plosion at the club in London's West End. The bombing was thought to be the work of the provisional wing of the Irish Republican Army which in recent months has carried the violence of Northern Ireland to the British mainland. JUSTIN AND FRIEND Jolly old who? OTTAWA (CP) Santa Claus came to Parliament Hill Wednesday disguised as Agriculture Minister Eugene visit with and pass out gifts to children of federal MPs Both Justin and Sascha Trudeau were on hand with their parents at the annual event, sponsored by the MPs. Justin received a friendly hug from the distinguished northern visitor while a little help from his most of his time experimenting with the art of walking under his own power Margaret Trudeau, busy looking after Justin, who will be three on Christmas and Sascha who will be a year old on the same day, also found time to take pic- tures of the festivities. While the MPs' children talked with Santa in the Centre Block of the Parliament buildings, the Progres- sive Conservative caucus held a separate Christmas party in the same building. Indian charges asked OTTAWA (CP) In a new get-tough mood, the Indian af- fairs department Wednesday instructed the Calgary police department to lay charges against two Indians who took part in a sit-in at the department's office in Calgary about two weeks ago. A department spokesman said charges of public mis- chief were to be laid Wednes- day against two men. But he refused to identify the Indians until police notify the depart- ment that action has- been taken. Grenades tossed in theatre TEL AVIV (CP) Palestine guerrillas say one of their men made a grenade at- tack in a crowded movie theatre here Wednesday night in retaliation for the rocket at- tack on three Palestine Liberation Organization (PLO) offices in Beirut two days before. "We have struck said PLO chief Yasser Arafat "Next time it will be within six hours if Israel dares to stage another terror operation against us." Aha. crime monitor asked New allegations of violence in seamen's union revealed CALGARY (CP) George Ho Lem, Social Credit crime critic in the Alberta legislature, said Wednesday he wants Alberta to adopt a police commission system similar to that of Quebec to monitor the activities of organized crime in Alberta. Mr. Ho Lem, said the system should work closely with British Columbia and Montreal to help combat the spread of hard drugs. OTTAWA (CP) New allegations of violence, voting irregularities and improper hiring hall activities within the Seafarers' International Union (SIU) were made Wednesday by an MP who says he has documented Ford advisers preparing new economic programs WASHINGTON (AP) Faced with a deepening reces- sion and rising un- employment, President Ford has directed his economic ad- visers to prepare new programs to combat United States economic problems. Ford said in a speech Wednesday night he expects to have the programs ready for the new Congress when it convenes Jan. 14 His advisers will be working through the Christmas holidays to prepare it, he said Treasury department sources said the options the president will consider include tax cuts, mandatory fuel allocations, financial aid to troubled industries and ad- ditional help for the un- employed. Ford planned to discuss auto industry problems today with automobile executives and leaders of the United Auto Workers. THEY GAVE GERARD PLETTELL CONRAD PLETTELL MiKE MISKULIN Following is a list of those who have contributed to the Cup of Milk Fund Dorothy M Johnson 1 00 Anonymous, Lethbndge 2 00 Pensioner Lethbndge 200 Edith Nielson Lomond 2 00 Anonymous 2 00 Senior Citizen Lethbndge 2 00 Senior Citizen 2 00 Mrs M Osterman, Coaldale 2 00 Mr and Mrs R DeRosa, Elkford, EC 300 Anonymous Lethbndge 500 Mr and Mrs Albert Clark Lethbridge 5 00 Mr and Mrs W O'Brien Pmcher Creek 5 00 Christina H Buis, Foremost 5 00 Jim John Joseph, Vauxhall 5 00 Anonymous 5 00 Anonymous 5 00 Anonymous 5 00 Ron and Wendy Regier, Sparwood 5 00 Bula Carley Taber 500 Everett and Betty Stelter, Tabcr 5 00 Nicholas Brtmsdale, Clearview Lodge, Taber 5 00 L F Bonertz, Pmcher Creek 5 00 Anonymous 5 00 Mildred Selk, Wrentham 5 00 Herman Lmder, Cardston 5 00 Anonymous Shaughnessy 500 Frank Cathy and Kevin Edwards, Coleman 5 00 Jessica Saunders Taber 5 00 Art Vande Beek Lethbridge 5 00 Mr and Mrs Bird 5 00 Agne- Johnson, Granum 5 00 Heinz and Betty PatbCrg 5 00 Anonymous 5 00 Mr and Mrs W B Simpson, Lethbndge 5 00 H Wurzar Picture Butte 5 00 Kiddles 5 00 Brian and Pat Johnson, Lethbridge 5 00 Dave 00 Melanie Robison, Lethbridge 6 00 Mr and Mrs Harry Rollmgson, Lethbridge 10 00 R Haynes Taber 1000 Anonymous 10 00 Mr" Grace Lickiss, Vauxhall 1000 Anonymous 10 00 Anonymous 10 00 Anonymous 10 00 Julius D Brown Lethbridge 10 00 Davtd M Cullen, Lethbridge 10 00 Allan A nagan Letnonage 1500 Mr and Mrs D Gray, Lethbndge 10 00 M L Webber, Lethbridge 10 00 Tommy, Knste-Lynn and J-Barton McNabb Calgary 1000 Anonymous 10 00 Anonymous 10 00 Mrs Alice Young, Lethbridge 10 00 John and Pegg> Lloyd, Blair- more 1200 Anonymous 15 00 Anonymous 15 00 Anonymous 15 00 From Peepers the horse with the glass eye 17 90 Anonymous 18 50 Mr and Mrs S Berkhaug, Lethbndge 20 00 Anonymous 20 00 E P Fhckmger, Lethbndge 20 00 Dale and Lillian Anderson 20 00 Mary, Catherine, Agnes, Desmond, Jacmta Sullivan 20 00 Anonymous 20 00 Kmette Club of Vauxhall 20 00 1st Raymond Girl Guide Com- pany 2000 Crystal Nate, Wrentham 20 00 Mrs Mary Kubox, Fernie. B C 20 00 St Augustine's A C W Evening Branch, Lethbridge 20 00 A Stickel, Lethbridge 2000 Anonymous 20 00 Anonymous 22.00 L E B Fort Macleod 25 00 Ray Gnsmch Picture Butte 25 00 Michael Barbara and Marianne, Lethbridge 25 00 B E Robins 2500 From Rae Family, Picture Butte 30 00 Ernest and Elsie Van Oostenbrugge, Burdett 30 00 French 10 CCHS 33 70 Dr and Mrs R G H Hall, Lethbridge 50 00 N M Oliver, Picture Butte 50 00 Willing Helpers, Coaldale 73 00 Anonymous 100 00 Starlight Construction, Lethbridge 10000 Anonymous 100 00 Total Total to date evidence to prove his case. Otto Jelinek (PC-Toronto High Park-Humber Valley) said he has 20 documents that spell out details of illegal and unethical conduct within the union He refused to release the documents, but said the evi- dence includes affidavits from SIU members who say they were beaten or threatened with death for opposing a spring contract settlement with Great Lakes carriers. He told reporters he is will- ing to give the evidence to the cabinet but wants assurance that a federal inquiry will be ordered to investigate all allegations Repeated requests in the Commons for a federal in- quiry have been refused by the government Mr Jelinek said his evidence indicates that 30 to 35 SIU members voted at least three times each to ensure the election of Roman Gralewicz to the SIU presidency earlier this year. But he hedged when told Mr. Gralewicz was unopposed for the union leadership. "I would have to check in that he said. Students boycott classes BONNYVILLE, Alta. (CP) About 20 native students boycotted classes Wednesday in this community about 80 miles northeast of Edmonton, protesting the departure of a teacher and revision of their program timetable. The students, residents of the Kehewm Indian Reserve about 115 miles southwest of here, withdrew from classes at Notre Dame School, the Catholic Junior high school here, and said they would stay away until a recent ad- ministrative decision is reversed Extradition refused LA PAZ (CP) Klaus Bar- bie, known in France as "the butcher of Lyon" for his war- time activities as a Nazi Ges- tapo chief, today won his appeal against extradition from Bolivia to France where he would face a death sentence Agence France-Presse said the Bolivian supreme court ruled there is no extradition treaty between the two coun- tries, and Barbie is free to live in Cochabamba, 300 miles southeast of La Paz, where he has been a residenct since October, 1972. Asylum granted Ethiopian CAIRO (CP) Egypt has granted political asylum to Ethiopian Ambassador Malas Mikael Andom, the daily Al Akhbar reported today Agence France-Presse said Andom is the brother of the former head of Ethiopia's provisional military government, Aman Mikael Andom, who was killed in Ad- dis Ababa on Nov. 24. BRIDGE RUQ DRAPES LTD. FREE ESTIMATES Phone 329-4722 COLLEGE MALL presents... Christmas Dreams LOUNGE and EVENING WEAR i Style 619 W9.OO Style 631 Style 633 Style 627 f.00 j fDERLE nORfTW) COSmETIC BOUTIQUE College Mall Gifts W'9S Perfumes Phone 328-1525 THOMAS ORGANS AT PRUEGGERS sth sue., south SELECTION TO CHOOSE FROM 329-3151 ;