Lethbridge Herald (Newspaper) - December 31, 1971, Lethbridge, Alberta
Friday, December 31, 1971 - THE LETHBRIDGE HERALD - 25 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, Roadhousc and McCuaig) (11:00 a.m. Quotes) LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes) WESTERN OILS Home B 32.00 Invest Gr f 5.20 Hud Bay Co 19.12Vj Invest Mutual 5.35 Hud Bay Oil 44.50 Mutual Ac 17.42V2 Hud Bay Oil Pfd 55.50 Mutual Gr F 11.62Vj Hugh Russell 20.00 Nat Res 2Vi AGF Special 3.03 Hys 2.80 3,'pn Cdn In Fund 4.69 5.15 Interior Brew 3.60 Jf j. Col Mutual 6.15 6.75 Inter Mariner .65 �,',,,, Cmnw Inter 13.29 14.60 Okanagan Hellcop 6.75 "�� Cmnw Lev 3.43 3.77 Pacific W Air 13.25 Corp Invest 5.56 6.08 Stampede Intl Res .73 Corp In St F 4.81 5.26 OILS Dreyfus F U.S. 12.51 13.71 Albany Oils .46 Gr In Shares 3.45 3.80 Plains Pete .25V2 Gr Equity 6.33 6.95 West Explor .11 The tax column Tax investigation stepped up 29.00 5.50 5.75 12.75 33.00 Toronto mines,, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11:00 a.m. Quotesl (11:00 a.m. Quotes) (11:00 a.m. Quotesl MINES Acme Advocate Asb. Akalfcho Bralorne Broulsn Bethlehem Brunswick Canada Tung. Casslar Centra) Pat. Chlmo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Mines Denlson Mines Deer Horn D'Eldona Dome Mines Donalds Discovery Mines East Malartic East Sullivan Falconbrldge Frobex First Maritlmes Giant Y.K. Bovls Granduc Headway R.L. Holllnger Hudson Bay M-S Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shor� Langls Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrlm Intern Mogul New West Home New Afhona New Calumet W. Horse Copper Noranda 33.00 Dom Textile 19.75 .231/2 Northgate 4.65 Dom Stores 14.00 1.75 Norlex .25 Dome Pete 33.50 .38 Opemiska 8.55 Dofasco 24.121/2 1.70 Osisko .27 CAB 14.50 .21 '/i Pine Point 24.50 Gt Cdn Oil 5.25 17.25 Placer Dev. 26.00 Gen Motors 80.00 2.95 P.C. Exp. .60 Gt Lakes Pap 15.12'/! 1.60 Quebec Man .IIV2 Gulf Oil Cda 25.37V2 20.2"; Rayrock 1.10 Greyhound 15.12V2 1.80 Radiore .24 Hawker Sid 2.60 1.14 Rio Algom 15.00 Hiram Walk 41.50 7.85 Roman Corp. 6.00 Imperial Oil 31.121/2 1.51 Sherrltt Gordon 14.75 Imasca 19.00 .08 Sliver Miller .04 Int Nickel 31.87'/2 .21 Steep Rock 2.25 Int Pipe 29.50 7.25 Tek Corp. 4.60 Inv Gp A 7.87Vi .76 Texmont .381/j Int Utilities 42.62V2 24.75 Upper Canada 1..62 Indust Accept 19.37V2 .03 Western Mines 2.55 Laurentlde 10.00 .44 Wrlqht Hargreaves 1.15 Loeb 3.45 54.25 Wlllroy .70 Loblaw A 5.75 .O6V2 Windfall .10 Metro Stores 15.12V2 .60 Yellowknlfe Bear 4.20 Massey Ferg 11.371/2 .90 Zenmac .06 McMillan Bloe 55.871/2 2.67 80.00 INDUSTRIALS Moore Corp Molsons A 38.00 19.12V2 .34 Abltibi 7.00 North, Cent M.25 .63 Alcan 18.25 Power Corp 5.25 6.80 Algoma Steel 13.25 Price Co. 7.25 1.85 Atco Ind 8.75 Rothmans 16.00 4.40 Atlan Sugar 6.50 St Law Corp 19.50 7.00 Bell Tel 46.371/2 Shell CDA 36.87V2 37.25 Brazil Trac 18.12V2 Slmspon's 21.62V2 21.00 B.C. Tel 63.00 Steel of Can 26.25 .16V2 Burns 12.62V2 Selkirk A 17.00 3.10 B.C. Forest 21.00 Texaco 34.00 1.30 B.C. Sugar 18.87V2 Traders Gp A 15.25 .18'/2 Bow Valley 27.50 Trans Mfn Pp 20.00 7.25 CAE Ind 4.70 Trans Can Pp 35.75 .25 Cdn Brew 6.87V2 Union Gas 14.75 36.25 Chemcell 4.50 Union Oil 44.75 2.30 Col Cellulose 2.90 Versatile Mfg 3.50 .06 Cal Power 26.50 Westeel 14.00 .58 Cdn Indust 14.00 Union Car 13.25 .55 Canada S S 40.00 Weston's B 18.12'/i .06 Cdn Marconi 2.95 Woodward's A 23.75 71.50 CPR 13.75 West Cdn Sd 4.35 .11 Comlnco 22.121/2 BANKS .11 Cons Bath 7.75 8.00 Cons Gas 19.25 Can Imperial 24.621A 8.50 CWN.. Gas 21.25 Montreal 18.50 .)0Vi Dist Sea 30.00 Nova Scotia 30.371/a .26 Dom Bridge 22.50 Royal 28.50 1.70 Domtar 12.25 Tor-Dom 29.00 By I. U. ASPER In recent years, the department of national revenue has stepped up its programs of investigating the affairs of suspected tax evaders and, where appropriate circum stances exist, launching criminal prosecutions. For the convicted tax evader, large or small scale, the penalties are severe. First, he must pay the tax he owes, plus interest and he can be charged a penalty of an additional 25 per cent of the amount of tax he evaded. Next, he faces the criminal courts where he can be fined, often as high as or higher than 50 per cent of the tax evaded, and is also liable to a jail sentence. It's pretty stern medicine, but necessarily so because the tax system is based on self-assessmsnt. Snce the opportunity and decision to attempt to evade taxes rests with eadi individual, and there aren't enough tax officials to police each indivtduisJ's return, the severity of the penalties is often necessary as a deterrent to others who might otherwise be tempted to chea.t. There are times when the tax investigator becomes over zealous. This is an occupational hazard. Like the case-hardened detective he starts to see everyone as either good guys or bad guys with no gray guys. When this happens in the tax world an innocent taxpayer can be put through an enormous ordeal. The result is that just as convicting the tax evader is a deterrent t( others, unduly prosecuting an innocent taxpayer damages the public's respect for the tax system. A recent evasion case heard in British Columbia should be instructive to both taxpayer and tax enforcer. Toronto printers call off strike TORONTO (CP) - Leal 91 of the International Typographical Union announced here the official end of its seven-year strike against three Toronto daily newspapers. The printers went on strike against The Star, Globe and Mail and the now-defunct Telegram in July, 1964, in a dispute over control of composing room computers. The ITU already had ceased picketing the two surviving dailies after the union's international headquarters cut off strike benefits Oct. 25. Local president Balfour Mackenzie said local 91 officially terminated the strike as of Dec. 28. The dispute had cost the ITU an estimated $13 million in strike benefits. The taxpayer was a businessman of varied interests. He was charged with five counts of tax evasion. The basis for these charges was that he had allegedly failed to declare all of his income. The court report is sketchy as to the exact facts, but from the judgment it appears that he made a profit on the sale of some shares he owned in a company. He took the position that this was a capital gain and, if that were the case, under the now ending tax system, it didn't have to be disclosed because it was not income. The crown argued that the transaction in question was so clearly taxable that to not disclose it was tantamount to concealing his txue income. WIFE PAID Also in issue was the fact that his company had paid his wife a substantial salary, which presumably she. declared on her tax return. The crown snid this was really his money and should have been declared. There were a number of similar kinds of payments which gave rise to the taxation department's view that his failure to declare them was part of a pattern of evasion. The main defence offered was that while the tax department had one view of the taxability of these transactions, the taxpayer honestly held the opposite opinion and because a legitimate argument could be made on both sides, this was strictly a civil matter for judgment of a tax court, and not a criminal matter. The presiding judge dismissed the charges after hearing only the tax department's case. He agreed with the accused that each of the items were arguable, that there were gray areas of the law where one might no know what was ex pected of him. But the main point on which he relied in dismissing the charges Was that CAREER A comprehensive course offered in hetro-hypnosis for those sincerely interested in a study of hypnotherapy. Ideal for professionals involved in medical or psycho-social fields. Careers also available iri our establishment on satisfying our professional criteria. Course fee: Two hundred �and fifty dollars. All inquiries in strictest confidence: THE HYPNOIOGICA No. 208 324 Seventh Street S. New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper ?5.00 Sears...... 105.87'/: 20 Golds 139.95 off .07 llllh S,d �" of NJ- 7375 '� Base Met 78.63 up .18 29,9S, I,xas Gulf H5.371/2 15 W Oils 214.69 off .50 28.621/2 Texas Co 34.75 Volume 502,000 65.12V2 Wlckes Corp 53.62V2 145.00 Woolworth 45.37ViNEW YORK AVERAGES 79.62V2 Westlnghouse Elec 46.00 30 Indust 890.20 up 1 13 28.75 U.S. Steel 30.25 20 Ralls 242.96 up .13 2987Vi TORONTO AVERAGES H UP -� 24.25 Montgomery Ward 30.75 20 Indust 181.60 up .04 65 Stocks 309.37 up Volume 3,410,000 .29 Dividends By THE CANADIAN PRESS Pacific Western Airlines Ltd., 25 cents Jan. 14, record Dec. 31. GOVERNMENT OF ALBERTA DEPARTMENT OF PUBLIC WORKS DESIGN and CONSTRUCTION DIVISION REQUIRES: CONSTRUCTION INSPECTOR For Inspection of Government project* and services located In the lethbridge Area. Qualification* - Alberta Trade Certificate of Qualification os a Journeyman Carpenter and at least 6 to 8 years of responsible supervisory experience in the construction industry. Completion of a Construction Technology course or equivalent desirable. Wages - Starting wage - $820.00 per month with 6% increose on 1 January, 1972. Conditions of Employment - Temporary Competition Number - DPW 29/71 Closing Date - 12 January, 1972 For application forms, apply to: Personnel Office Department of Public Works Government of Alberta Room 550 Terrace Building Edmonton, Alberta, Lay in big supply AIX LES BAINS, France (AP) - Someone laid in a good supply of New Year's celebration fuel Thursday night by stealing a truck loaded with 6,000 bottles of whisky. The loot was valued at $30,000. IN EDMONTON Stay At the RIVIERA THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience in Making Reservations CALL AND ASK FOR LONG DISTANCE ZEnith 0-7255 at.no cost to you MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2510 the crown had failed to prove that there was an intent on the part of the accused to deceive the revenue or to commit any offence. The heart of the decision, and quite properly so, is that before one can be convicted of tax evasion, the crown must prove that not only was there evasion or an attempt at it, but also that the accused actually knew he was committing a crime- What is surprising is that the tax department's counsel attempted to rebut this statement of the law. His view was that if one failed to declare his full income and thereby filed a false tax return, he was automatically guilty of evasion. If that were a correct statement of the law then every waitress who innocently forgets to declare a tip received, and the student who accidentally forgets to report $10 of casual income earned playing has guitar Former official dies grain WINNIPEG (CP) - W. J. Parker, former president of Manitoba Pool Elevators and long a prominent figure in Canadian agriculture, died here. He was 75. He retired from the Manitoba Pool in November, 1969. Mr. Parker had been a frequent member of Canadian delegations to the International Wheat Agreement negotiations in Geneva, and to the International Federation of Agricultural Producers. "X" MARKS THE SPOT, WARDS RENTALS Appliance TrucCTOander*, Drills, Ladders, Cms, Coft>^rtc., tit. at a community club dance, would all be in jail. In the case before the court, the judge observed that he could see no evidence of a scheme or plot to conceal income even though the taxpayer might have, because of his own view of his rights, not reported all his taxable income. The point is that he thought there was nothing illegal about what he did, and his view was not necessarily frivolous. There werf no hidden documents, falsified records or other badges which signal an intent to deceive. So this joust ended happily for the taxpayer, But the lesson for other taxpayers, as April 30 draws near, is quite clear. One should not treat his tax return lightly. If there is any doubt about a deduction claimed, or a recept left out, disclose it in a sepavate letter attached to the return. On the other side, (tough the tax evasion crackdown is necessary, revenue officials must show some restraint, alwr's giving the benefit of the doubt to the taxpayer. (Mi- Asper is a Winnipeg lawyer). WORK FOR GOVERNMENT The British government employs more than 700,000 civil servants. FRENCH FIRST Nova Scotia was first colonized by the French, who called it Acadie. H. H. Smith Ltd. J Customs Broker I EDMONTON I / / 1 ^ f> CALGARY *, 263-80501 V * l \LETHBRIDG8 KtNOSOATE %Js> 328-8141 J04J42�45B y \ jal COUTTS Phone 344-3622 INTEREST twice a year, SAFETY all the year when you open a Lombard North Central Deposit Account. A Bank Deposit Account with Lombard North Central provides o good rate of Interest, with complete safety for your capital - leading to financial peace of mind. Deposits at 6 months' notice of withdrawal can earn 6% interest per annum, but you can withdraw up to �100 on demand during each calendar ' year. Interest is paid half-yearly without deduction of U.K. tax. TIME DEPOSIT ACCOUNTS: Deposits of �5,000 and over can earn higher rates of interest for * fixed periods. Details are available on request. Opening an Account is simplicity itself, so write now to the Deposit Account Managerforfurtlierdetails .....____________ and a copy of Deposit Account imact and completed Booklet No. AO 516. protected, On October 1,1971, in London by special Act of Parliament the business of certain companies in the Lombard Banking and North Central Finance Groups (ail wholly owned subsidiaries of National Westminster Bank Limited) was transferred to Lombard Banking Limited, which as att enlarged and strengthened company then changed its name to Lombard North Central Limited. No action is required by any existing Depositors or Customers whose rights are preserved Lombard North Central LIMITED Head Office: Lombard House, Curzon Street, London W1A1 Ell, England.Tol: 01 -499 4111 City Oifico: 31 Lombard St., London EC3, England. Tel: 01-623 4111 Lombard North Central Limited is s member of the National Westminster Bank Group whose Capital and Reserves exceed �329,000,000. CrOSSWOrd By Marjorie E. Brown MELANCHOLY HUE ACROSS 1 Most morose 39 Icelandic 71 Shelter: Fr. 102 LoungB 7 Away, in literary 72 Navy brass: 103 Fillet Paris works abbr. 104 "Cat-Tir 14 Clothes 41 Platform 73 Adhesive: Roof" whitener 42 The follow- 2 wds. 106 Granular 7.0 Long rug ing ones: 75 Lixivia snow for hall abbr. 76 Constructs 107 Last: abbr. 21 Dexterity 43 Quacks 78 Longwort 108 Spoiler 22 Range: .Scot, 44 Plan 80 Lively one 109 Steal: Scot. 23 Sophisti- 46 Impeda 81 Conference 110 Corded cated 47 Glasswort of lawyers fabric 24 Dieters' 49 Holy one: 82 Method of 112 Bandleader no-nos Fr. abbr. procedure -Brown 25 Awaken 52 Mimics 83 Typesetters, 113 Sheriffs 26 White House 53 Braid for short replacement nickname 55 Activated 85 Largest in court 27 Explosive corpse artificial 115 Privateer 79 Noun-suffix: 59 Surrounded lake 118 Bowers Pi. 61 Obscure 86 Medics: 120 - Jerry 30 Active 62 Risque ditty abbr. 121 Paint volcano 64 Increment: 87 Earnest re- solvent 32 French 2 wds. quest: arch. 122 Tell nobleman: 65 "It's a sin 89 Chew of 123 Deposits abbr. to tell -" tc*3cco: s!. eggs 33 Delight: si. 66 Sureties 90 Disputes 124 Struggles 35 Disagree 67-hoo 92 Gloomier with: colloq 37 Light shade 68 Relax 95 Cultivates 125 Set up oil of blue 69 Chevalier 97 Little devils drilling 38 Exploit: si. Raoul 9S Bucolic equipment DOWN 1 Contusion 13 And those 34 Pop 50 Wearily 2 Prowled following: 36 Exhausts 51 Dutch 3 Straighten Lat. abbr. 37 Air: var. theologian 4 Grandmoth- 14 African boss pref. 53 Ballet er of Juan 15 Pasternack 38 Cripples movement Carlos heroine 40 Sea lions 54 Ski lifts 5 Transmitted 16 Internation. 42 German 56 Juggled 6 Tendency al organiza- territory 57 Tidy 7 Donkey tion: abbr. 43 Ice masses 58 Selfish 8 Tuna 17 Eskimo 45 German persons 9 Feels town: NVVT admiral 60 Townsman: 10 Duck 18 Ctfddle 46 Aristocrat abbr. 11 Nitroglycer- 19 Hellenes 48 Spanish for 61 Azure ine, arsen- 28 Arranged 61 -D 63 Top ic: abbr. neatly 49 Egyptian 65 "-in the 12 Article 31 Large tooth talismans fighting" DidgramleSS 21 x 21, by Bert Beaman ACROSS 1 WW II area 4 French coin 6 Grass 10 Sherpa's instrument 11 European 13 Biblical sin-city 14 Mops 16 Tarkington, for one 20 S. African statesman 22 Strongholds 23 Boring tool 25 Weather forecast 27 Woe is me I 23 Hum 29 Shakespearean ruler 30 Cookia 31 Castro's predecessor 33 Satiate 35 Dread 36 King of Judea 37 Roman magistrals 39 Nylon mishap 41 Cereal grain 42 Over 43 Barbara- 44 Labor org. 45 "True-" 47 Unstable nucleon 49 Sire 50 Desire 51 Washes 53 Property expert 55 Detest 56 Japanese aboriqine 57 Fastener 58 Appropriate 59 Dens 61 Delete 62 Bearded 63 Yukon peak 65 Fixation 67 Firns 69 By night: pref. 70 Harvests 72 U,S.rpeket 73 Astronaut's vehicle 75 Suckla 76 Desperate - 66 '34 Heavyweight champion 69 Law degree 70 Looks 71 Purpose 73 Pilsener or Bock: 2 wds. DOWN 1 Banshee territory 2-Mahal 3 Responsibility 4 Go-(have the situation deteriorate) E Bird sounds 6 He of the golden touch 7 Energy source 8 Daily TV faro 9 Presidential familv 74 Precious stones 76 German for 61-D 77 Cow gland 79-Merman 80 Wildebeestes 81 Landlord 84 Chilled 85 Degree in science of community well-being 88 Conjunction 90 Suppose 91 Star 10 New York and 21 Symbols Boston 12 Bubbling over 13 Discard 15 Harden 16-system 17 Shocking 18 Conceits 19 Income; Fr. 22 Rabid 24-linos (deduce) 26 Shortened 30 Roebuck's partner 31 Czech hero 32 Greek god 33 Aviator 92 Cornflowers 93 Lounge: Brit. si. 94 Farthest point 96-oarage 97 Incarcerated: Brit. 34 Author of "Common Sense" 35 Mist 36 U. S. menu favorite 38 Shakespearean villain 40 Obtained 46 Test 99 Fill up again 100. Warned: Fr. 101 Reduce 103 Minstrels 104 Kilns 105 Saline drops 103 European rapital 4d Deceased: pref. 49 Consecrate 50 Rouse 52 Workers' group 54 Breed of horses 55 Capital in the news 109 Degrees in church studies 111-school 1)4 Viewed 116 Wood sorrel 117 Thing: Law 119 Italian 61-D .... ,,ums 60 Rescue 62 Composer's group 64 Tide 66 Operatic offerings b8 Bridge 71 Move swiftly 72 Org. CRY P"T OGRAMS 1. MKX KLFCQ DVNKJWL GKZHA, GFHDV.TXZQ DZHRXFWBI, RLJ MKX XALNM KWIKZWIKM KHFMWNVZMVFWJM LBMWNWGIiMXC. - By Clifford Edge solutions of LAST week's puzzles b hbbb d b H0BB d aaaaa warnr uudoge aaaa dqdb cweii mama anaaarataii gbbb aaa Guana ramn emu ana una bboe beg nana aaHDHami bbdb . annua tapara raiaisn KianiiHa amm cumin nnaaa anan ' rnnrnm aaaaa aaaa sncni; aacraa hhehb bodge bee aaaaa bhddo cpbdh bbeob nnaa aaaa bdod eeb obo aaa anna qddo gbbd heoe HEirjiQ oraaB oiiegeeg aaiiiaau lauiiiia tauuia isumiau aaaaannanB nnoEEEBEEBEE ana aan hhoq eobe gib ana anas ehbd edbb oebe 2. TUNA TUGS KDZSFY KAUZZ NALG UG BLKNDY SLOW UN BFFZW DB ODYF. - By Myrtle W. Cushtnani r,i�. M H M W G , MOGKYGT FKY M F Y , M F h FL LZO MGFMZATG MFLHTYFC, MWKJWKJ MOC MFY MAKJM. - By Milt Hammer 4. UTYPYDMH PYOMD MEDICADYMON; CUSD MT NTTS MED HAOIOM. - By Norton Rhoade� Last Week's Cryptograms 1. Higher math students agreed the sum of two and two is four, sometimes. 2. As should be expected, bamboo curtain seems composed of more flexible, stuff than iron ore. 5. Spring brings spring blossoms, but autumn leaves autumn leaves.