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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 30, 1971, Lethbridge, Alberta HIGH FORECAST FRIDAY 40 The Lcthbridcjo Herald VOL. LXV No. 16 LETHBR1DGE, ALBERTA, THURSDAY, DECEMBER 30, 1971 PIUCE NOT OVER 10 CENTS TWO SECTIONS 18 PAGES Alberta only province free of new taxes Dy THE CANADIAN PRESS One could hardly blame Canada's rich people for moving to Alberta. or all the provinces, it is the only one which mil not have succession duties or a gilt lax come Tuesday. In a series of annuoncements Wednesday, the other provinces set out their policies on the two items which are bound lo add to the provincial coffers. Alberta Premier Peter Lougheed made his govern- ment's position quite clear: "We don't think a tax of this type is productive and we have taken the position in the past that as far as our administration is concerned we are not in- volved with the question of increasing taxes." The Atlantic provinces, Manitoba and Saskatchewan announced plans to introduce the succession and gift taxes, effective Jan. 1, J972. Move in The move follows the federal government's inten- tion to vacate this field of taxation at the end of the year. Ontario, Quebec and British Columbia already im- pose succession duties. All provinces except Alberta will have the same gift tax although in Ontario there is an exception, that being that gifts between husband and wife are exempt. Provincial governments said Ihal imposition of the gift tax was made in order to protect the base for succession duties, income and capital gains tax. The Ontario treasury said the purpose of the tax is to "prevent erosion of the tax base" through gift that might dissipate income, capital gains or estate value. Gift taxes will range from 15 per cent on the first value after exemptions to 50 per cent on amounts exceeding after exemptions. Gifts to anyone which do not exceed in value as well as gifts to charities and governments and death- bed gifts would be exempt from the tax. As for succession duties, the rales announced by the six provinces range from 10 per cent, payable on to 50 per cent on amounts in range of S300.000. N'o duly will be levied on estates less than Sidney .Spivak, leader of the Manitoba Progressive Conservative Party sain1 the new lax regulations are so complicated they form a "guaranteed annual income for the accounts and lawyers for the next four years." lie said that with estates being taxed at a se- vere rate and capital gains being taxed during a per- son's lifetime, tho old incentives to save and invest in order lo build security for one's children will be gone. Service charge The federal government will collect the succession taxes on behalf of the provinces, less a three-per-cent service charge. The federal government will also collect the gift taxes for eight provinces. Quebec will collect its own, as if does with income lax. Under the present ?yslem, the federal government makes a rebate to the provinces of 75 per cent of the estate taxes collected. In Alberta since 1967, the provincial government turned the 75 per cent back to the estate under a policy initiated by the former Social Credit govern- ment and endorsed by Mr. Loughced's Conservative ad- ministration. Premier W. A. C. Bennett of British Columbia said Wednesday that B.C. will not increase its succession duties to occupy the 25 per cent abandoned by the fed- eral government. He said the people of his province will have to "-.lit until budget day in early February to find out whether any reductions in Ihe B.C. suc- cession duly are planned. He said there would be no increase. Premier Allan Blakeney of Saskatchewan said tho new structure will benefit small family farms and fam- ily businesses. Our rain structure and exemption levels are formulated in such a way that they provide for trans- fer of an average sized family farm or business with cither no tax or a minimum of he said. "The larger estates arc taxed at a heavier rale." Equitable method He said Hie government felt this "tax on wealth" was the most equitable method of obtaining revenue that would have been lost as1 a result of the federal withdrawal. He said the Rift tax legislation will Ire virtually unchanged from the federal system. Manitoba Finance Minister Saul Cherniak said only K few Manitobans would be affected by the taxes. lie said only about five per cent of Maniloba es- tales and aboul two per cent of Manitoba farms would be worth more than In Ontario, Treasurer Darcy McKcough said ths province's latest succession duty legislation and gift tax plan are not e.-.-pecled to be the last word and he has every intention of reviewing the two related taxes. Raymond Gamcau, Quebec's finance minister, told tlic national assembly Dec. 23 thai the people of Que- bec will have an over-all reduction of 25 per cent in the amount of succession duties as the province takes over tire lax. He also said minimum taxable estates will be in- creased to from Finance Minister Peter Nicholson of Nova Scotia summed up the Atlantic provinces' approach to the taxes. lie said the Council of Maritime Premiers had de- cided in November that the same structure and rale of succession duties rhould be levied throughout Uio region and that the succession duties should be ad- ministered by Ottawa. "Built-in costs of providing government ser- vices and the dynamics of expenditures have resulted1 in all provinces being hard pressed lo balance avail- able revenues against he said. "Nova Scotia needs Uiis Government closure to assure farm PREMIER LOUGHEED good news Spacecraft takes shots of Mars PASADENA, Calif. (AP) A series of mountain ridges "wrin- kled like an elephant's hide, but uniquely has been photographed by a camera aboard the. Mariner 9 space- craft, a scientist says. Dr. Harold Masursky of the U.S. Geological Service, head of a photo interpretation team on the Mariner 9 project, said the faulted nature of the photo- graphed area indicates rela- tively recent volcanic activity. Scientists said there was no chance the ridges could be the now discounted Martian "can- because Uie ridges are too small to be seen through tele- scopes from earth. "We've never seen anything like this on either the earth or the a project scientist said Wednesday at the Jet Pro- pulsion Laboratory, which is conducting the camera probe of Ills red planet. Mariner 9, in orbil around Mars since Nov. 13, took the tel- evision picture Dec. 17 just south of Ihe planet's equator. It was relayed from an altitude of miles. OTTAWA (CP) Barring last-minute hitches, the Com- mons was to impose unanimous closure today on the govern- ment's bill creating national marketing boards for farm products. All four parties appeared agreed that the bill should be put quickly tlirough its two re- maining slages before being sent to the Senate. The Senate was summoned for New Year's Eve to deal with the farm legislation. The Commons prepared lo employ a form of Ihe guillotine rule which would permil pas- sage of the bill through all stages today with consent of all parties. Even without the consent of one of the four parties, Ibe bill could still be passed quickly, though this process would take a little days in- stead c' hours. Passage of the farm bill will lead to a Commons adjourn- ment to Feb. Hi. In dispute is a bill that has been before the House more than a year. It would authorize marketing boards for farm goods in areas where producers vote for them. Police find body in snow slide FERNIE, B.C. (CP) Po- lice today identified the body of one of Uirce men missing for a week following a snow slide 30 miles south of this southeastern British Columbia community. Dead is Willy Pearson, be- lieved to be about 40 to 45 years old, of nearby Cran- brook, whose body was re- covered Wednesday. Mr. Pearson, Ralph King of Pincher Creek, and Darryl Barrett of Cranbrook, disap- peared last Thursday after they left a remote logging camp with a bulldozer and two ether vehicles in an effort to clear a snowslidc. Seven bulldozers and av- alanche experts carrying long aluminum poles probed the area lor several days before discover ing Mr. Pearson's body under five feet of snow. The search continues for Uie other men. The government has been de- termined to get the bill through the Commons before the House recesses until Feb. 1C. In response to Conservatives led by Jack Homer Agriculture Minister 11. A. Olson agreed lo drop caltle from coverage under the bill. But that ran into NEW Demo- crat oppositoin, led by Arnold Peters As nastiness grew in House debates this week, Government House Leader Allan MacEachen took over Liberal negotiations after both Liberal and Conserv- ative caucuses called for a com- promise Wednesday. The first step toward the peace came hours later, as Con- servatives agreed to a Liberal proposal to lei Ihc bill pass with all goods except chickens and eggs deleted. Other commodities could be added by growers' votes and provincial agreement. Later Wednesday. Mr. Mac- Eachen was reported to have agreed to an NDP amendment to protect existing suppliers. Social Creditors, though op- posed to the bill, are not ex- pected to delay a final vote. Mr. MacEachen said Wednes- day he expecled the vote to come today. Conservative House Leader Gerald Baldwin said Ihe odds were even an agreemenl could bs reached, and NDP House Leader Stanley Knowles said he was reasonably optimistic. As the talks continued Wednesday, the Commons de- bate on the vc- nemous down to a glowering stand-off after a testy question period. OFF TO SANDRINGHAM Queen Elizabeth and members of the Royal Family wave from the window of the royal train as it leaves tendon's t'verpool Street Station for her January vacation at Sandringham. With her from left are: Prince Edward, 7; Prince Andrew, 11 and lady Sarah Armstrong Jones, 7, the daughter of Princess Margaret. Nixon-Brandt summit meet ends on note of good will KEY B1SCAYNE, Fla. (API The summit meeting between President Nixon and West Ger- man Chancellor Willy Brandt has ended just aboul as it a flurry of expres- sions ol good will, pledges of co-operation and a stated dclcr- minalion to remain close inter- national friends. Writh one exception the predic- tions given reporters by presi- dential aides that the talks Tuesday and Wednesday would Irish MPs home wrecked by bomb BELFAST (CP) Irish Re- publican Army guerrillas blasted the country home of the Speaker of Northern Ireland's parliamenl loday to avenge "the wrecking of working-class homes." The country residence of Maj. Ivan Neill a I Reslrevor in Counly Down was empty at the time of Uie attack by explosives and firebombs. Nobody was hurt but the interior of the man- No Herald Saturday The. Herald will not publish New Year's Day, Saturday, Jan. 1. Display advertisers arc re- minded that advertising lor Tuesday, Jan. 4, must be at The Herald by noon Friday. Classified advertisements to appear Monday, Jan. 3, must he received by 1 p.m. Friday. Complete news coverage of (ho New Year's holiday week- end will be can-led in Uie Mon- day, Jan. 3 edition, _. sion was destroyed. Neill and his wife arc living in the official residence at Slormont Castle outside Belfast. A statement from the IRA's militant provisional wing claimed responsibility arid said: "The allack was in relab'alion for Ihc wrecking of working- class homes in the Nowry and South Down area by British ter- rorist forces." The incident followed a warn- ing from flic Londonderry unit of the IRA that "rich loyalist supporters" of the Ulster and British governments would he the organization's next targets. The IRA's Londonderry unit warned Ihc British army that any further attempts by troops to enter the Roman Cal.holic Bogsido dislrifl of the city would be resister1. Police said annther explosion three hours before Ihe attack on Ncill's residence wrecked a car near 1'ic h-uise. No one was hurt. Troops and guerrilla snipers exchanged fire in the Bogside during a search of empty and derelict houses in the neigh- borhood. An army spokesman said nobody was hurt, not produce any dramatic devel- opments came true. Tile exception was Nixon's an- il o u n c e m e n t as the session ended Wednesday lhat former treasury secretary David M. Kennedy bad been nominated the new U.S. ambassador to the North Atlantic Treaty Organiza- tion. Kennedy, 66, will continue as ambassador at large, the gener- ally undefined post he has held since he designed his treasury position a year ago. The main stress of the sum- mit talte, as explained by offi- cials of both governments, was on the importance of maintain- ing the U.S. support of the Eu- ropean alliance, including con- tinuation of Uie American military force on the continenl. Common U.S.-Gcrman poli- cies apparent following the meeting: Nations membership for both Easf and Wcsl Ger- many cannol be considered until after the two governments reach a more formal under- standing, certainly not before 1973. between the United States and the European Economic ComiYiunity should bo maintained, although the possi- Sulphur blasl rocks homes PORT MOODY, B.C. iCPi- A Sulphur explosion at. the bulk terminals division of Pacific Coast Terminals Co. Ltd., here rocked homes in 11'fl area and caused minor 'tijiirios lo iwo employees Wednesday night. Part of Ihc roof of Ihe build- ing used to store the sulphur was blown off by the blast and windows of some homes near Uie terminals were shattered. A small fire which followed the explosion was quickly brought under control by (ire- men. bilily of a formal link appar- cntly never got beyond the ds- cussion stage. After the meeting, Brandt, his wife, and their son and daughter left for a beach holi- day on the shores of the Gulf of Mexico at. Longboat, Fla. Newspaper ceases publication MONTREAL (CT) Hie Daily Express, a Montreal tab- loid appearing five days a week since Nov. 1, has advised staff it is ceasing publication with to- day's edition. About 50 persons will lose their jobs as a result of the morning paper's failure. Tlie tabloid was an offshoot of The Sunday Express. started in 1969 by Montreal published Joe Azzaria. The Sunday Express will continue to publish. Seen and heard About town -4- TIOUCE chief Hnlph rlirlson h a k i n g sour dough .'it home lo re- lax Mnrk Sunmla keep- in" Ihe post-Christmas ex- change desk at. a major de- partment .store busy .Imsm managing lo crawl mil of hcd by lo .insfT ;i inter- niptccl his holiriny sleep. Eskimos found. YELLOWK N IF E, N.W.T. (CD A man ami a leon-agc b.'iy were by military aircraft Wednesday a tier spending ill days camped in tho open arolic, Skipping on seaway disrupted QUEBEC