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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 13, 1974, Lethbridge, Alberta Friday, Dtctmbtf 13, 1974 THE LETHBRIDGE HERALD 27 Britain's foreign trade deficit hits record high LONDON (AP) Sky high oil prices and other economic woes sent Britain's foreign trade deficit searing to a record billion in November, the government said Thursday. The previous high of billion was hit in May. The news came as the pound was at an all time low, the London stock market at its worst level in 20 years, and businessmen fearful that withdrawal of Arab oil money might drive Britain toward commercial bankruptcy. Once again, the government blamed the deficit largely on quadrupled oil prices. Britain Gov't stimulates sagging economy BONN (AP) Chancellor Helmut Schmidt's govern- ment announced Thursday a program of increased public spending and investment credits to stimulate West Germany's sagging economy. The package is tied to a tax reform program to increase consumer buying power by billion for 1975 and to deficit spending of billion by various levels of government. Economics Minister Han Friderichs said the package was "modest" and therefore not inflationary. One of his aides said with the combined programs the government an- Retail sales in October drop slightly OTTAWA (CP) Retail sales were down two-tenths of one per cent in October, main- ly due to a decline in. sales of food and consumer things as cars, furniture and appliances. The October decline follow- ed a drop of 2.6 per cent in September. The sales figures are ad- justed to discount seasonal factors but not price increases. In October there was a drop of about three-tenths of one per cent in sales by food stores. The furniture, radio, tele- vision and appliance groups of stores had a combined decline of 11.1 per cent. Sales by hard- ware stores were off 4.3 per cent. Sales by car dealers were down two-tenths of one per cent. Clothing store sales were up about 2.2 per cent and depart- ment store sales rose by 2.8 per cent. The largest increase was in sales by heating fuel dealers, up 19 per cent. However, price increases accounted for the increase. Total value of retail sales in October was estimated at billion. ticipated an economic growth rate in 1975 of nearly two per cent and an unemployment rate of 2.5 per cent. The current 3.5 per cent rate of unemployment, equivalent to jobless workers, is a 15-year high. Schmidt, who returned last week from discussions with President Ford in Washington, said he was en- couraged by signs that the U.S. and West Germany were taking more similar approaches to economic problems. The new program includes a 7.5 per cent investment bonus for businessmen and farmers who order new equipment be- tween Dec. 1 and June 30. The bonuses would be paid over a four-year period and be large- ly self-financing through increased taxes culled from an expanding economy. Money supply grows OTTAWA (CP) Money in circula- tion and chartered bank by 22 per cent during the last 12 months, the Bank of Canada reported Thursday. The growth rate is for the broad definition of money sup- ply, which includes personal savings and term deposits. Money supply narrowly de- in circulation and demand by 8.6 per cent during the last 12 months. Central bank authorities have more control over money supply narrowly defin- ed and growth in this category has been restricted since about April. There was a decline between May and September. Total value of currency in circulation and chartered bank deposits was billion at Dec. 4. The value of currency and demand deposits was billion. imports almost all its oil. But even without the oil problem, Britain's been buying more abroad than it has been selling for the last two years. Strikes, and a host of inter- nal economic problems also have contributed to the long line of deficits, which have been running at about billion a month all year. The deficits have been a major factor in the erosion of the value of Britain's pound. POUND DROPPED Soon after the trade figures were announced the pound dropped almost a cent to i In trade weighted terms against the world's leading currencies, the pound has now lost some 22 per cent of its value since December, 1971, and is at an all time low. The weakness of the British currency apparently has been a major factor in the decision of Saudi Arabia this week not to accept oil payments in pound sterling. This in turn has raised the threat of other Arab oil states pulling funds out of Britain. Britain now has some billion in its national reserves backing the pound. Of this some billion is in reserves the Arab states choose to leave in Britain. Auto firms build less '74 cars DETROIT (AP) U.S. auto makers will build almost 25 per cent fewer cars in 1974 than in 1973, registering the lowest production total in a non-strike year since 1962, an industry paper says. The Automotive News esti- mates December car produc- tion would be down from in December, 1973. That would bring the year's total to cars, a 24.5-' per-cent decline from 118 in the record-year 1973. In 1970, when a 67-day strike crippled General Motors, the U.S. auto companies built cars. Auto assembly in 1962 was With 10 assembly plants closed as a result of stumbling sales, domestic car assembly was off 31.5 per cent this week compared with the same week last year. Production rose 14.2 per cent from a week ago, the Automotive News says. Oil stocks jump higher on Alberta gov't move TORONTO (CP) Canadian oil stocks jumped higher on the Toronto Stock Ex- change on Thursday after Alberta indicated it will try to resolve the federal provincial resource tax wrangle by cutting provincial royalties. The western oil index, a measure of the over- all health of stocks, was up 7.96 to 117.96. Imperial Oil gained .87 to and Gulf Oil, another giant, was up to Canadian Superior Oil was up to and Numac to Among the juniors, Al- berta Eastern gained 80 cents to and Chieftan 65 cents to The tax fight has caused something of a depression in oil stocks of late because dozens of companies put off or cancelled development plans for projects which would have cost billions of dollars. The Alberta move was announced at a news conference by Premier Peter Lougheed in Calgary. He said the province will give back to the oil companies all the money the Alberta government would have received as its share of increased federal cor- poration taxes. "This refund will return approximately million to the petroleum industry in the 1975 taxation Premier Lougheed said. He also said that Alberta will hold the price of a barrel, or 35 spring, but the price will rise at that time. SANTA'S HINTS from CHINOOK BRIEF CASES By DORSET under Arm Portfolios Slim Portfolios Brief Cases Attache Cases Cases of al! types for today's style con- scious business man. CHINOOK STATIONERS LTD., 327-4519 I V. ;4 The Herald Business Western oil stocks prices continue gains on TSE Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS AND MINES Afton Mines 2.27 Albany Oil .21 Alta East Gas 4.45 Alminex 4.35 Asamera 7.12V4 Ashland Oil BP Canada Brenda Mines 2.60 Cda South 1.80 Cdn Ex Gas 1.88 Cdn Homestd 2.70 Cdn Ind Gas OH Cdn Long Is -10 Cdn Super 24.00 Chieftan Dev 4.60 Dome Pete 17.87V4 Dynasty Nutort Resources .09 Giant Mascot .48 Gibraltar Mines 4.10 Granisle Gt Cdn Oil S Lochiel Ex 1-05 Lytton Min .97 North Cdn Oil 3.15 Numac Oil Gas 10.50 Pancdn Pete 8.25 Pan Ocean 6.62V4 Petrol 1.15 Paloma .67 Place Gas -17 Ponder -46 Ranger Oil 15.50 Scurry Rain Seibens 5.62VZ Spooner -12 Total Pete 4.05 Ulster Pete .41 United Canso 6.75 West Pete 2.50 West Decalta 3.30 MISCELLANEOUS INDUSTRIALS Acres Ltd 4.90 Aquitaine 14.00 BC Sugar C Pfd 11.50 Block Bros 3.30 Canbra Foods 2.40 Cdn Pac Inv A Pfd 24.25 Cdn Pacific Inv 12.50 Carling O'Keefe A Pfd 15.75 Carling O'Keefe B Pfd 18.00 Comm Cap Corp 1.35 Crestbrook Ind 2.30 Crowsnest Ind 16.37V4 Falcon Copper 6.25 F M Trust Co 4.05 Genstar 14.75 Home Oil A 19.25 Home Oil B 17.00 Hud Bay Co 11.00 Hud Bay Oil 19.00 Hugh Russeil C Pfd 48.50 Husky Oil 12.12VS Husky Oil B Pfd 30.00 Husky Oil E War 3.90 Interprov Pipe War 1.60 Interprov Steel Pipe 11.00 Kaiser Res 4.15 Kaiser Res War 1.75 Loblaw Co C Pfd Magnasonics .95 Pacific Pete 14.12V4 Pe-Ben Oilfield Serv 2.05 MIGHTY SPREAD A Texas longhorn steer measured in 1940 had a horn spread of eight feet 7% inches measured straight across from tip to tip. Royal Trust Sandwel! Teledyne Traders Pfd Trimac Westfield Min Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gas Metro A Pfd Inland Nat Gas N C Gas N C Gas B Pfd Trans-Cda Pipe Trans-Cda A Pfd Trans-Cda B Pfd Trans-Cda Pipe War WC Trans WC Trans War 21.50 3.60 3.80 9.75 3.50 .38 45.00 5.75 9.37V4 53.50 14.50 4.85 50.00 7.25 7.87V4 16.00 9.12V4 50.00 27.87 Vi .42 1B.37V4 1.65 CALGARY Acroll -29 Barons Oil .04 N. Continental .01 Western Warner .11 VANCOUVER MINES Bathurst Norsemines .80 Cima Resources .31 Dankoe 2.00 Davenport .57 Lornex 3.85 Northair Mines 1.65 Primer -09 Pyramid -05 Silver Standard .87 Valley Copper 4.00 INDUSTRIALS Key Industries .07 Wardair 1.30 OILS August Petroleum .09 Plains Pete .08 Stampede Int'l Res .56 MUTUAL FUNDS All Cdn Compound 4.79 All Cdn Dividend 4.88 All Cdn Ventures 2.00 Amer Growth Fund 3.54 A.G.F. Special 1.75 Cdn Invest Fund 3.64 Eaton Commonwealth 10.85 Eaton Leverage 2.35 Eaton Int'l Venture 4.10 Corp Investors 4.70 Corp Invest Stock Fund 3.46 Dreyfus Fund U.S. 7.94 Grouped In Shares 2.34 Growth Equity 4.43 Invest Growth Fund 8.88 Investors Mutual 4.31 Mutual Accumulating 4.76 Nat. Resources 3.32 N.W. Cdn 3-86 N.W. Growth 3.24 Principal Growth 2.96 Royfund 5.05 Templeton Growth 6.08 United Accumulative 3.35 Universal Savings 6.05 Vanguard 3.58 TORONTO (CP) Western oil shares continued to pin Friday as all sectors of the Toronto stock market advanc- ed in moderate mid-morning trading. The western oil index was up 2.05 to 119.74. The index gained almost eight points Thursday following Alberta's announcement that it is reduc- ing oil and natural gas royalties. MONTREAL (CP) Prices were higher in tight trading on the Montreal Stock Exchange Friday. Volume at a.m. was shares compared with shares at the same time Thursday. Industrials rose 1.30 to 156.51, the composite 0.89 to 153.48 and banks 0.86 to 202.60 while utilities fell 0.51 to 119.53 and papers 0.20 to 100.39. Gulf Oil Canada rose 2 to Labatt A 1 to Imperial Oil A to Power Corp. to while Distillers Corp.Seagrams fell to Among speculative issues, Gaspe Quebec fell four cents to 118 after trading shares. VANCOUVER (CP) Prices were Toronto mines., industrials (Supplied by Richardson Securities of Canada) MINES Acme .06 Advocate Asb. 1.15 Akaitcho 1.45 Bralorne 1.30 Broulan -31 Bethlehem 9.00 Bovis -85 Brunswick 3.60 Can. NW Land 2.35 Canada Tung. 2.35 Cassiar 3.00 Central Pat. -70 Chimo -78 Conwest 2.06 Cons. Rambler 1.53 Coin Lake .13 Cochenour .98 Craigmont 3.15 Dickenson Mines 7.25 Denison Mines 34.75 D'Eldona .21 Dome Mines 44.00 Discovery Mines 1-75 East Malartic 3.15 East Sullivan 1 48 Falconbridge 24.00 Frobex .10 First Maritimes .35 Giant Y.K. 10.00 Granduc .81 Hollinger A 22.50 Hudson Bay A 12.75 Hydra Ex. .42 Iron Bay 3.80 Iso .61 Joliet Quebec .16 Kerr Addison 9.12V4 Key Anacon .17 Labrador 23.00 Lake Shore 3.75 Langis Silver .07 Madsen R.L. .47 Malartic G.F. 1.02 Martin McNeely .24 Maclntyre 30.25 Meta .08 Midrim .08V4 Intern Mogul 2.00 NuWest Homes 4.85 New Athona .17 New Calumet .13V4 Noranda 28.75 Northgate 2.90 Norlex .15 Pine Point 24.75 Placer Dev. 14.50 Pax Exp. 1.00 Quebec Man .13 Rayrock .77 Radiore .16 Rio Algom 20.75 Roman Corp. 8.00 Sherritt Gordon 4.50 Steep Rock .80 Sunningdale 3.05 Tek Corp A 1.86 Texmont .14 United Canso Western Mines 2.02 WH Copper Mines 1.35 Wright Hargreaves 1.25 Willroy 1-55 Windfall .08% Yellowknife Bear 1.62 Zenmac .OSVi INDUSTRIALS Abitibi 9.50 Alcan 18.25 Algoma Steel 22.62V4 Atco Ind 10.25 Agra Ind 4.25 Bell Tel 44.25 Brascan A 9.75 BC Tel New York (Supplied by Richardson Securities of Ccnada) Arm. T a T Anaconda Beth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Montgomery Ward Sears Exxon Texas Gulf Texas Co Wlx Corporation 43 13 87 Vi 24'87Vt 285 8825 3l'87V4 1700 3587% 1400 45'62V. 62 00 27'25 21J5 Chicago markets CHICAGO (AP) Commodity futures prices closed steady on major exchanges Thursday in the United States. Soybeans advanced 13 cents a bushel and silver futures gained some five cents an ounce after several days of weakness. Soybean meal, wheat, corn, oats and soybean oil futures closed mostly higher, while iced broilers were steady to a shade lower under late selling that erased a 1-2 cent per pound gain. Cctton and Maine potatoe futures were lower, while copper and frozen orange juice futures closed about steady and cocoa futures were uneven. Live hog futures held a gain of some 65 cents per hundredweight early, then fell back to close 73 cents lower than the previous close in a late wave of profit taking. Live cattle were mixed while pork bellies lost about 11-3 cents a pound. Shell eggs fell as much as 195 points, just short of a limit move, despite a gain in cash eggs. At the close, soybeans were eight to 13 cents a bushel higher, Jan. 7.42; Chicago wheat was "One half to three higher, Dec. 4.67; Gulf wheat was not traded; corn was one half lower to two higher, Dec. and oats were one lower to 2% higher, Dec. 1.85. The industrial index, wide- lybased indicator of market trend, was up .21 to 153.35, led by a gain in the oil refining sector. The gold index gained 14.2 to 368.22 and base metals .04 to 56.18. Among senior oil issues, Gulf Canada rose 1V4 to Hudson's Bay Oil 1% to Imperial Oil A IVi to f23tt, Home Oil A 1 to BP Canada to and Dome Pete to Market trends unchanged in light trading on the Van- couver Stock Exchange Friday. Early volume was shares. In the industrials, Pace Industries was down .01 at .51. In the mines, General Resources was unchanged at .04. In the oils, Silver Crystal was up .05 at .25. Volume on the curb exchange was shares. Tapin was up .20 at Prices were down in light trading Thursday. Volume shares. In the industrials, Finning was un- changed at EDP Industries up .01 at .5; Canadian Javelin down .12% at Neonex unchanged at lonarc up .02 at .20; Great National Land down .05 at .63. In the mines, Skaist was down Grandora down .05 at .49; Sonesta down .05 at .22; Green Eagle down .05 at .16: Consolidated Beaumont down .04% at .22; Arodien down .07 at .45. In the oils, Seneca Developments up .08 at .90; Plains Petroleum down .02 at .06; Payette down .03 at 12; Bison Pete up .05 at Rand A down .01 at .79; Princess up .01% at .14. On the Vancouver curb exchange, volume was shares. Tapin was Canadian Superior Oil gain- ed to Numac to llOVi, Canadian Homestead 30 cents to and Siebens V4 to Among golds, Dome Mines added to Pamour to and Camflo to Distillers Corp. fell V4 to Bell Knit 35 cents to 30 cents, International Mogul A ft to and Pan Central five cents to Burns 7.75 BC Forest 11.00 BC Sugar Bow Valley Ind 10.75 Cable 9-75 CAE Ind 7.00 Cal Power 20.25 Canbra Foods 2.40 Can Cellulose 3.80 Carling O'Keefe 1.87 Chemcell 3.30 Coron Credit 1.55 CWN Gas Pfd Cdn Ind 16.50 Cdn Marconi 2.75 Cdn Vickers 12.00 Chrysler S.37V4 CPR 13-25 Cominco Cons Bathurst 23.50 Cons Gas 14.25 Dist Seagrams 30.25 Dom Bridge 17.00 Domtar 19.50 Dom Textile 6.75 Dom Stores Dome Pete 17.75 Dofasco 20.12 VZ Glen Mobile 1.50 Grt Cdn Oil 5.62V4 Gen Motors 31.25 Grt Lakes Paper 15.00 Gulf Oil 23.00 Greyhound 11.62V4 Hawker Sid 3.90 Hiram Walker A 35.00 Huron Erie 24.12Vi Imperial Oil A 22.75 Imasca A 23.12V4 Int Nickel 19.62Vs Int Pipe 10.75 Inv Grp fi 5.50 IU Int'l 8.87V4 IAC Ltd Jannock 5.00 Kaps 1.15 Kel Douglas A 4.50 Laurentide 6.25 Loeb 2.05 Loblaw A 5.00 Metropolitan 10.75 Massey Ferg 12.75 McMill Bloed 22.37V4 Moore Corp 40.00 Molsons A 13.00 Molsons B 12.62% Nachurs 6.50 North Cent 7.75 Peyto 2.25 Power Corp Price Co 13.12V4 Rothmans 9.00 Shell CDA 12.25 Simpsons 6.37% Simp Sears 8.87V4 Steel Can A Selkirk A 10.50 Texaco 24.75 Trad Grp A 10.00 Trans Mtn Pipe Trans Can Pipe 9.00 Union Carbide 14.25 Union Gas 7.25 Union Oil 8.00 United Siscoe 2.20 Versatile Mfg 4.65 Westeel 20.00 Westons 18.50 Woodwards A 16.75 BANKS Can Imperial 20.60 Montreal 11.37V4 Nova Scotia 34.37V4 Royal 25.25 Tor Dom 31.00 Woolworth 8.25 Westinghouse Elec 8.50 U.S. Steel 37.00 Gen Tel Elec 16.37% TORONTO AVERAGES 20 Industrials 153.49 up .35 20 Golds 368.52 up 14.80 10 Base Metals 56.24 up .10 15 Western Oils 119.78 up 2.09 Volume NEW YORK AVERAGES 20 Industrials 597.54 up 1.17 20 Rails 139.54 down .92 15 Utilities 68.18 down .25 65 Stocks 194.51 down .24 Volume Metals down .71 at J1.45; Trevlac unchanged at .74: Post Ventures down .05 at .20; Olympian down .01 at .35Vz; Dasher down .05 at .18; Gentry down at NEW YORK (AP) Prices were mixed in a listless, drifting session in the stock market Friday. The noon Dow Jones average of 30 industrials was up 1.41 at 597.78, but gainers trailed losers by a moderate margin on the. New York Stock Ex- change. On the American Stock Exchange, the market-value index rose .59 to 60.43. The NYSE's composite index of all its listed common stocks was up .08 at 35.68. Pan Ocean Oil, the most-active issue on the Amex, advanced to Among Canadian issues on the NYSE. Campbell Red Lake was up to Dome Mines to J44Vi and Canadian Pacific to Alcan rose '4 to while Inter- national Nickel fell Mi to Massey Ferguson was down to and Hiram Walker dropped Mi to Winnipeg grain Livestock Calgary CALGARY (CP) Receipts to 11 a.m.' Friday from the Calgary public stockyards totalled about 830 head, mostly slaughter cows, feeder steers and stock calves. Trade was active on cows and bulls. There were insufficient slaughter steers and heifers on offer to quote a market. Cows were selling fully steady both local and eastern demand. Bulls sold steady. Cows Dl, D2 20-22.50, D3 17-20, D4 14-17. Bulls 20-21.50. Feeder cattle trade active on feeder steers and stock calves. Good feeder steers 750 pounds and over, 40-44.50, good feeder steers under 750 pounds 39-45.25, good stock steer calves 401 to 575 pounds 39-45.50 with sales to 45.75. Butcher calves 24-30.50. Beef futures WINNIPEG (CP) Live beef futures close Thursday. March 48.25A; May 47.50N. Wednesday's volume; No contracts. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Thursday: 3cw red spring wheat No. 1 feed barley 2.94; No. 1 feed oats Gold futures WINNIPEG (CP) Gold futures, U.S. funds, Winnipeg Commodity Ex- change close Thursday. 400-oimce contracts: Jan 75-177.40A; Apr 75-182.40B; Jly 75-188.00A; Oct 75-193.30B; Jan 76-197.70B. Wednesday's volume: 584 contracts. 100-ounce contracts: Feb May Aug75-189.00B; Nov75-194.00B; Feb 76-199.00B. Wednesday's volume: 327 contracts. Gold prices LONDON (AP) Closing gold prices Thursday in U.S. dollars per ounce: Paris-181.62 Frankfurt-174.33 Hong Kong-169.32 strike) Currencies MONTREAL ,CP, Friday's mid day foreign exchange selling rates supplied by the Bank of Montreal: Switzerland franc .3975 United States dollar .9885 United Kingdom pound 2.3100 WINNIPEG (CP) Flax advanced to its 30 cent daily trading limit in moderate trading at mid session Fri- day on the Winnipeg Commodity Ex- change. Vancouver rapeseed also posted sizable gains, while the rest of the market remained near previous close levels. Thursday's volume of trade was bushels of feed wheat. 1.343.- 000 of barley, 1.159.000 of oats. 674.000 of 439.000 of rye, of flax and of corn MID-SESSION PRICES' Thunder Bay rapeseed: Dec. two cents higher 8.08; May unchanged 8.17B; July unchanged 8.20B; Oct in- active. Vancouver rapeseed: Jan 7'i higher March 834 higher June seven higher 821B; Sept. 15 higher 8.05. Flax: Dec. 30 higher 10 SOB. May 30 higher 10.50B; July 30 higher 10.20B; Oct. 15 higher 9 SOB. Feed wheat: Dec. ''i lower 3.893jA: May 1% higher 3.7934B; July and Oct. inactive. Montreal corn: Dec inactive; March unchanged May un- changed 403A: July unchanged 3.79A. Barley: Dec. unchanged 2.94A: May 1V2 higher 2.99; July inactive. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Fri- day was up 110 at 16-25. Pound sterling was up 9-20 at 27-100. In New York, the Canadian dollar was down 1-10 at 1950. Pound sterling was up 11-50 at 21-50. Oats. Dec. 'i higher 1.94. May 2'4 higher 1 87'4; July inactive Rye. Dec '2 lower 2.94'iA: May higher 3 July higher Oct. inactive. Grain quotes Thursday basis Lakehead: High Low Close Flax Dec 1020 1012 1020 May 1020 1012 1020 Jly 990 Oct 965 Rapeseed Thunder Bay Dec 806 May 817 Jly" 820 Oct 786 Rapeseed Vancouver Jan 8423'4 839 Vi 839'2 Mar 828% 823 824 Jun 818 813 814 Sep 790 Rye Dec 295 May 306 308 Jly 307 303 Oct _ _ 302% Barley Dec 295 294 294 May 297% 296 297 Vz Jly" Oats Dec 194 193''2 193 May 185 "2 185 185''4 Jly 184 Com basis Montreal Dec Mar 398% May 403 402 403 Jly 379 Feed Wheat Dec 390 389 390 May 380 376''2 378 Jly 379 Vi Oct 383% RETIREMENT and RECREATIONAL COMMUNITY Blind Bay, B.C., Please mail me a free brochure. Name Address Phone Halfway between Calgary and Vancouver on Trans-Canada [_H LONDON (AP) Thursday closing metals in pound sterling per metric ton; silver in pence per troy ounce. Copper: Spot 551-552; futures 571- 572. Tip: Spot futures Lead: Spot 228-229; futures 215- 215.5. Spot futures 331.75- 332. Silver: Spot 181-181.5; 3 months 185.8-186. Give us 30 minutes, and we might talk youoitfofan How's that for a switch? WhHe others are p.oosoly trying to you into a F.e: ,'enent Fa J'.gs fiar. why woolc "'eifoijomar' Lil-i taik you oui ot one? Because, for many people an R.R.S.P. is a great investment. For others, it's not. It would take us maybe a half hour to find out your needs. So, before you make a decision, invest 30 minutes with us. We'll analyse your present circumstances, discuss your future prospects, and give you an honest answer. Then, if we don't think an R.R.S.P. is a good idea for you. we'll tell you. Phone any Metropolitan Life office and arrange to see one of our representatives. He can give you all the facts about R.R.S.P.s. The straight facts. Where the future is now C.StanVerlinden 414-2UI Phone 327-3S50 ;