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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 18, 1974, Lethbridge, Alberta Wednesday, December 18, 1974 THE LETHBRIOGE HERALD INSTALLATION FURNACES 1709-2nd Ave. 3. Phone 328-5973 Safekeeping Rep. William Moor- head (D-Pa) places some Daniel Ellsburg docu- ments in a safe in Washington. He said he believes they will dis- close a new instance in which the public was misled during Vietnam war. Britain losing battle New York Times Service LONDON The signs are increasing that Britain is losing the battle against her two most persistent and serious economic ailments chronic inflation and an immense trade deficit. The latest reports on inflation and on the trade position, issued last week, in- dicated continuing deterioration. The retail price index rose 1.8 percentage points in November and went up a record 18.3 per cent in the last year. The deficit on Britain's trade in goods and materials in November was 1.23 billion, the worst in her history and up sharply from the October level at a time when hopes for improvement were widespread. Business leaders have grown increasingly critical of the government's policies, and the trade unions have been flouting the "social contract" under which they agreed to moderate their wage demands in return for the government's promise of social and economic reforms. Partly as a result, the run on sterling that began early last week is expected to continue, and pressures are mounting for a change in government policies to cope with the situation. So far, there are few indications that any changes are in the works. In fact, Denis Heale'y, chancellor of the exche- quer, appeared to rule out any emergency actions when he said: "The general strategy I developed in my budget in November is going to work and I don't think we need emergency measures." The government's current strategy is to try to head off a recession and cur- tail unemployment through economic stimulus. Thus, the national budget is deeply in the red, and British industry has been given some respite from a previously stringent price code and has received some tax benefits as well. Healey and other leading members of the Labor government of Prime Minister Harold Wilson have repeated- ly said that the gravest threat to Bri- tain at the moment is rising un- employment, rather than inflation. The political reasons for a Labor government to adopt such a posture are self evident, but many businessmen and private economists believe that curbing inflation should be the nation's- first priority and that some increase in unemployment must be tolerated as a byproduct of the anti inflation struggle. "In my opinion this government's general strategy is geared first and foremost to the protection of said Ralph Batemen president of the Confederation of British Industry. "The government and the trade unions see unemployment and not inflation as public enemy No. 1. "If I am he continued, "then we are indeed facing a major crisis because, until we develop an antidote to the disease of inflation, there is no hope of curing the unpleasant and un- acceptable symptoms of the illness, such as unemployment." Wholesale prices, representing costs absorbed by British industry, rose 28 per cent in the year through November. Many of these increases have yet to be passed on to the consumer. ...and contributed tothe Canada Pension Plan, here's good news Recent changes to the Canada Pension Plan will result in increased benefits for 1975 and subsequent years. There are other important changes, too. Some affect people over 65 or approaching that age. These changes may require prompt action or getting advice. So we suggest you read this message very carefully. Are you between 65 and 69 Then you have a choice... Apply now and start receiving your monthly CPP retirement pension. No more need to retire to collect benefits. (Once you start receiving your pension, however, you can't make further contributions to the Plan.) OR Continue to contribute to the CPP and possibly build up a larger retirement pension to commence at a later date. Continuing to contribute is also a way to qualify survivors for benefits if you have not already done so. (When approaching age 70, you should consider applying for your retirement pension because after 70 you may no longer contribute to the Canada Pension Plan.) NOTE: Before making your choice you may wish to seek advice from the nearest CPP office. The staff will be pleased to help you. Are you approaching age 65? If you have made your choice and want your CPP retirement pension to commence as early as possible, you should apply two or three months before your 65th birthday. NOTE: There is no provision for retroactive payment of retirement pensions between the ages of 65 and 69. So if you're in that age group or approaching it, get advice as soon as possible. Do you now receive a CPP retirement pension? As of January 1st, 1975, your pension will no longer be affected by any money you earn thereafter. Other Changes: The earnings is, the maximum amount on which contributions can be paid and on which benefits can be being raised to in 1975 and to in 1976. The initial amount of earnings, on which you are not required to contribute, will be in 1975. MAXIMUM MONTHLY CPP BENEFITS Effective January 1975 Retirement Pension....................... Disability Pension......................... Surviving Spouse's 65...... over 65........ Orphan's Benefit Disabled Benefit....... Death Benefit (Lump Watch for another Canada Pension Plan advertisement concerning equal protection for males and females. For assistance contact: Your nearest Canada Pension Plan office. Health Sante et and Welfare Bien-etre social Canada Canada Marc Lalonde, Minister Canada Plan ...keeping up with changing times Phone rates up TORONTO (CP) The cost of long-distance telephone calls will go up next year but not as much as inflation, Eldon Thompson, president of Trans-Canada Telephone System, announced today. Mr. Thompson said in a year-end statement while increases seem inevitable "we don't see our rates increasing as fast as the general inflation rate." "We feel long distance call- ing will remain a bargain relative to other methods of communications." Mr. Thompson said rates for Trans-Canada calls have not increased since 1972 "despite the fact that our companies have been hit by the same inflationary pressures as everyone else.'1 The company, a consortium of the eight telephone com- panies in Canada, expects the number of long-distance calls to increase by 25 per cent in 1975. UP 30 PER CENT During 1974, usage increas- ed a record 30 per cent, ex- ceeding all predictions. Mr. Thompson said the in- crease reflected two things- real and inflated growth that exceeded forecasts, and crises and uncertainties tend- ed to generate more long dis- tance calls. "There.have been several unexpected events in the past year such as the energy crisis, air and rail work stoppages and fare increases, and a postal strike that together have caused people to seek less expensive, more reliable means of communications." The company will be setting up its new Datapac network during 1975 to be in operation nationally by 1976. Datapac is designed to be- come Canada's basic univer- sal data network, capable of connecting many users to many computers over a shared network. Without such a network, computer communications would become chaotic, he said, since the further development of separate, private systems would result in enormous waste and duplication. Mining bill faces veto WASHINGTON (AP) -The United States Senate approv- ed a controversial strip- mining control bill yesterday, sending it to the White House where President Ford has an- nounced he will veto the measure. It would require mine oper- ators to restore land to its original contour after mining, authorize states to set up their own enforcement programs and impose a 25- cent-to 35-cent-a-ton tax. WHITE 318-6th St. South Phone 329-3646 Lethbridge, Alberta PRESCRIPTION SERVICE AVAILABLE Specials in effect until Saturday, Dec. 28th CIGARETTES King or Regular. Ctn. 4.85 LOVING CARE Hair Color Lotion. 1.39 GILLETTE PURR POWER Detangler. 17.95 NOVUS8DIGIT PERSONAL CALCULATOR 24.49 BLACK MAGIC CHOCOLATES 1.88 MAGICUBES Pkg. of 3 1.59 BOYS' AND GIRLS' Timex Watches Sugg. Retail 9.95 10.95 7.39 PANTY HOSE First quality One size fits all DENTU CREME Economy size. .67 GILLETTE SUPER MAX HAIR DRYER Sugg. Retail 24.95 21.49 POT OF GOLD CHOCOLATES 1.69 MOIRS SELECTION CHOCOLATES Assorted 5 Ib. 4.35 OLD PORT CIGARILLOS and COLTS Prepack of 3 packages While stock lasts 1.19 CLAIROL KINDNESS 3 WAY HAIR SETTER K420 17.75 PHOTO FINISHING 25% OFF CX 126-12.....1.19 C 135-20......1.65 CX 126-20..... 1.55 KA464-P...... 4.09 C110-12...... 1.29 Cl 10-20...... 1.59 CX 127, 1.19 KM, KR 135 or 126 20P ____ 4.99 KM, KR 135 36P 3.39 Poloroid 88 film 3.69 Poloroid 108 film 4.7? ACTIFIED TABLETS 24's in Syrup. 4 oz. SOAP ON A ROPE BRUT 33 Sugg. Retail 2.50 SUNBEAM CW3 CURLING IRON Curl Stick Mist AQUAMANDA SPRAY COLOGNE Sugg, retail 2.40 DAIRY BOX CHOCOLATES 1 Ib............ PHENTEX YARN 3V30Z. 3 ply PLANTERS MIXED NUTS 13 oz........... TURTLES 14 OZ....... 99160 18.49 ALL PRICES FROM LAST WEEK'S AD EFFECTIVE AS LONG AS STOCK LASTS We have a wide assortment of CHRISTMAS TOILETRIE SETS, CHOCOLATES, ELECTRIC RAZORS, HAIR GROOMING AIDS at bargain pricet. Shop early avoid dlMppointment! STORE HOURS: Mon. Him Sit. 8 to 6. Fri. 9 to 9. ;