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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 19, 1974, Lethbridge, Alberta Thursday, Dvctmbvr 19, 1974 THE LETHBRIDGE HERALD 23 Interpreting the News Hopeful signs seen in energy crisis WASHINGTON (CP) A handful of developments this week provides some small hope that the Western world will find a way of managing its enormous energy problems. An agreement between presidents Ford and Giscard d'Estaing at their weekend meeting on Martinique is re- garded here as the most significant of the recent events, moving France and the United States toward a closer working relationship on energy at a time of dangerous instability. There were other hopeful signs as well: European Economic Community reached agree- ment on a common program for long-range energy use. the most vulnerable of all major in- dustrial countries to oil dis- ruptions, produced a plan to shave back its oil imports in 1975 while still allowing for a real expansion in economic activity. Arabia loosened its bulging purse enough to lend the World Bank million for its program of help to less- developed countries, a record borrowing from a single country. None of these developments signals a breakthrough, energy experts here conceded. In each case, the events might be regarded as too little, too late in view of the size of the problems to be overcome and the length of time the Western countries have had to devise a response. But even some timid steps forward should be welcome on days when the rest of the eco- nomic news is gloomy. The agreement between Ford and Giscard d'Estaing appears to end any serious possibility of confrontation between the U.S. and France on energy. Rather, they are to work jointly with other oil- Bomb test triples fallout importing countries and later with oil-producing states and the poorer countries on a resolution of the crisis caused by the four-fold increase in world oil prices. In Brussels, the nine .Common Market countries have agreed to reduce the growth in their energy con- sumption during the next 10 years to 3.5 per cent annually from the previous forecasts of five per cent. That would allow a substantial reduction in the community's depend- ence on imported energy supplies, particularly oil. The Japanese plan, an- nounced after a Tokyo cabinet meeting, calls for a three-per- cent reduction in oil con- sumption next year compared with 1974, in an apparent re- sponse to U.S. proposals that the major consuming countries reduce oil imports as a means of improving their negotiating position with the Arab-dominated oil-producing cartel. Japanese officials said that, despite the cut, their economy is expected to grow by four to five per cent in real terms, after a setback in the current year. The world Bank's success in extracting funds from Saudi Arabia was regarded as a small but significant part of the international effort to recycle some of the profits be- ing stored up by the oil-cartel members. LONDON (AP) China's nuclear bomb test in June, 1973, tripled long-lived radioactive fallout over Bri- tain in the first six months of this year compared with the isame period Idst year, the iAtomic Energy Authority said jWednesday. The authority's annual report said that despite rising radioactivity levels they still are only one-twentieth of those in 1963-64 when fallout from nuclear testing was at its peak. The report added that this year's Chinese test, which was another high-yield blast, has had little effect at ground level so far but it is likely to increase ground level radioac- tivity next year. In the Southern Hemisphere, France's seven atmospheric tests in the South Pacific raised the levels of short-lived radioactivity by about the same level as the 1973 French series, the authority said. It said long- term effects of the 1974 tests cannot yet be assessed. The cumulative total of two isotopes dangerous to man- caesium 137 and strontium has remained relatively constant throughput the world since 1966, the report said. It added that long-lived radioactivity still is negligible and far below danger levels, saying plutonium radiation had fallen from one-three hundredth of the danger level in 1963 to about one-fifteen thousandth at present. Give an Adult YMCA Membership T for CHRISTMAS Long wait A would-be passenger sleeps in the shadow of jetliner at Montreal International Airport because of a strike Wednesday by 200 maintenance workers, required to keep ice off airport runways. Russell hopes to speed up property tax rebate system CALGARY (CP) Municipal Affairs Minister Dave Russell says that his department is "making every effort" to mail senior citi- zens' home owner property tax rebates not yet delivered by Christmas. Department officials are also examining ways to speed up the program next year and may delegate some ad- ministrative aspects of it to local governments, he said in an interview. Meanwhile, he said the figures quoted by Calgary Social Credit MLA Roy Wilson are misleading. Mr. Wilson charged earlier that Calgary area senior citizens who badly need cash would not see their money before Christmas. Mr. Russell said there are still applications for rebates from all age groups of home owners not just senior citizens "under review." All of them were received after Oct. 15. He conceded that delivering the rebates "has taken longer than we initially wanted." However, the program is new and "we plan to make a number of improvements in it." The rebates involved provide minimum benefits un- der the Alberta Property Tax Reduction Plan of each for all home owners. Senior citizens who have houses and receive guaranteed income pension supplements can get rebates so their minimum benefits are When you mix it, you Lamb's f ulS distinctive flavour comes smoothly through your mixer. In fact, Lamb's unique quality has made it known round the world for more than 100 years. Lamb's.The rum of the world. IAMB January Pay If you're holding post-dated grain tickets, then you probably have some major decisions to make on how you're going to distribute that money. That's where TD comes in. You can put that money into one of our flexible instruments and earn good interest while you make up your mind (most give you pre- encashment privileges so you can get to your money at any Alternatively, some investment vehicles, like the TD Retirement Savings Plan, are a good continuing investment. TD Retirement Savings Plan: Save for retirement while you save on taxes. Putting money aside for retirement has always been a good idea. And now that you can deduct up to from your taxable income (maximum 20% of annual earned income if you are self-employed and do not belong to a pension plan) by putting it aside in a TD Retirement Savings Plan, that good idea sounds even better. The TD Retirement Savings Deposit, for ex- ample, is one of the investment options under the TD-RSP. If gives you high interest (linked to our Five Year Certificate of Deposit rate) adjusted and compounded semi-annually to make your funds grow faster. There's flexibility, too. You can start your retirement plan for as little as and add to it any time you have or more to spare. And it's safe, because it's a bank deposit. TD Premium Savings: Money when you need it. Working hard when you don't. Let's say you haven't yet made up your mind what to do with some of that money. Why not a TD Premium Savings Account? While you're deciding what to do, it's earning a healthy interest rate for you. And when you need if, it's ready and waiting. Deposit Receipts: Our biggest earner in the short run. If you have or more that you know you'll be needing in the next year, don't just let it sit there. TD Deposit Receipts pay a high rate of interest for terms of 30 to 369 days. And, since the way to get top interest is to predict the term accurately, you may want to buy more than one D.R., maturing whenever you think you'll be needing money. You also have pre-encashment privileges at just a slight reduction in interest earnings. Certificates of Deposit: The compound interest option makes your money make even more money. "CD's" start as low as and the interest paid is high. They can be bought for terms of one to six years. The compound interest option means you're-making money on the interest your money earns, while income is deferred until maturity. You're not locked in with They all can be cashed in early for only a modest reduction in interest. Six Year Savings Certificates: The long-term earner. These start at less than ten dollars, and are available up to The interest paid is high, which makes them ideal for people who are planning retirement in less than six years, the start-small 'think-big investor, or for parents investing for their children. With Six Year Savings Certificates you don't need a lot to make it big in investments at the TD Bank. Tordom Notes: The low-cost way to get a different kind of interest. For the or more you think you can spare for a year or longer, this could be your best money-maker ever. While interest from CD's is paid in April and October, with Tordom Notes, your money goes into the Tordom Corporation where interest is paid twice yearly on June 30th and December 31st. Or, if you want monthly interest and can invest or more for a five year period, this can be arranged for an interest reduction of only percent. While Tordom Notes aren't pre-encashable, if something should come up and you need your money, we can" arrange to obtain a market bid for your holdings. TD Investment Plans at a glance. Interest Rates as at Dec. 1, 1974- Subject to change without notice. Rate TD Retirement Savings allowed limit. and up initially, and up and adjusted semi-annuallv. 9% to December 31, 1974 Deposit and days 60-89 days 90- 179 days 180-369 per annum per annum 9 }j per annum 9% per annum Premium as long as you per annum Certificates of and years 4-6 per annum 9% per annum compounded semi-annually on option) Savings 2.02% simple interest (9! 4 compounded semi-annually) Tordom and year 2-4 years 5 annum per annum '10% per annum or rates on investments over ask your TD manager. Make the most of your pay day see your TD manager before January 2. TORONTO DOMINION the bank where people make the difference ;