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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 4, 1974, Lethbridge, Alberta 12 THE LETHMIDOt HEHALD Monday, February Ever thought of harnessing sunshine to heat your home? Natural Ncollector at faces due south North light clerestory By KRISTEN KELCH The Christian Science Monitor BOSTON, Mass. As you sit huddled in your overcoat this winter, look up at the sun. One day, it could be a rich energy source for heating your home. The competitive position of solar energy has been so dras- tically enhanced by energy de- mands that 40 large indus- tries have banded together with a Cambridge-based re- search company, Arthur D. Little, Inc., to study the business opportunities. The companies represent public utility, copper, chemi- cal and, in nine cases, Jap- anese and German interests, and collectively they have in- vested some in the study project While big business in this country is just beginning to catch fire to the concept of sunpower, solar hot water heaters are already com- mercially produced in Aus- tralia, Japan, and Israel. To spur government action, more than 100 congressmen endorsed legislation last Octo- ber to begin a ISO-million program to find practical ways of harnessing the sun's energy to heat and cool build- ings. "We've never had to con- sider conserving energy be- fore. We thought we would never run out of said Dr. Peter Glazef, a vice- president of Arthur D. Little. "But this isn't just a crisis that will be over in a few years; we're just seeing the beginning of an energy dilemma that's not going to subside until we begin to employ alternative sources of energy." If the U.S. depended on the sun for even one per cent of all its energy needs, for ex- ample, it would save the equivalent of 100-million bar- rels of oil a year. Or, if Plan to import coffee puts Brazil in shock By MARVINE HOWE New York Times Service RIO DE JANEIRO The news came as a national shock. Brazil, the world's foremost coffee producer, announced she would be importing coffee in substantial quantities in 1974. Many coffee lovers cried shame and took this as evidence that something was basically wrong with the country's economy. For Brazil is a nation of coffee addicts. The casezinhp, a small cup of black sugary coffee, is as much a national institution as soccer or carnival. The average office employee consumes a dozen casezinhos a day and will probably explain, "coffee is a necessity, not a drink." Coffee growers reacted negatively, particularly those who have invested in new plantations, indignant that Brazil was going to be importing from her competitors. Even local coffee drinkers protested, sure that this would mean a poorer and more expensive drink. But for industry specialists, the decision to import was an astute move and new evidence that Brazil is determined to control prices of the world's most lucrative commodity after petroleum "It's plain logic to import coffee to sustain the world market Carlos Viacava, marketing director of the Brazilian Coffee Institute, said in a recent interview. "The only other alternative would be to export less." Brazil is a leader of the 41 coffee-producing nations that are fighting for what they consider "a just price and an orderly market." The producers' offensive began with the breakdown last year of the international coffee agreement that had ruled the world coffee market fpr 10 years, with export quotas and a price- stahiliTatinrj Thpu coffee organiza- tion, which comprises most of tte'world's producer and consumer nations, could not agree on price. "We were taking a big risk, starting the year with a completely free Viacava said, recalling the uncertainties of 1973. "At first the traders bad a good feeling for the market, and the producers were united and prices went up from January through March. "But many countries decided to take advantage of the high prices and sold heavily, bringing about a slump in prices in April. Then for the first time a group of producers took the initiative and bought coffee on the New York market to bring prices back up. It was clear that without an agreement the producers had to do something to control toe market." The producers have done something. In September, Brazil, Colombia and the Ivory Coast, which account for 56 per cent of the world coffee production, set up a multi-national coffee- marketing corporation called Cafe Mundial. The new corporation aimed to stabilize coffee prices, after the failure of the international coffee agreement. half our energy needs were maintained by solar power by the end of this decade, oil savings would equal the daily two million barrels projected to be delivered through the Alaskan pipeline. Unfortunately solar climate control is more easily ad- apted to new homes, designed with solar heat in mind, than to old ones. In addition, sun power only carries part of the heating load. For ex- ample, an office building was designed for the Massa- chusetts Audubon Society that will rely on solar energy for about 60 per cent of its energy requirements for heating and cooling. The rest will have to be supplied by aux- iliary energy sources. A conventional solar system consists of four basic parts: A collector, an auxiliary heat- ing device, a heat storage system and heater elements, and a fan and air duct system. The collector works on the greenhouse principle. Black metal under the glass roof allows the sun rays to enter through the glass, but deters heat rays from escaping. Water runs between the metal and the glass to transfer the collected heat. The heated water is stored in an insul- ated storage tank until need- ed. The Massachusetts Institute of Technology built a solar- heated house in 1955, operated it four years, -pronounced it a successful experiment, and then abandoned the project. Fuel was cheap and plentiful in those days, Dr. Glazer said, and nobody wanted to Hubby unhappy with wife's hobby MILWAUKEE, Wis. (AP) Edward Will has been granted a divorce on the grounds of cruel and inhuman treatment after telling a judge his wife left him home to baby-sit while she went out to shoot pool. -Linda, 25, said: "Hewanted me to cut down on the pool and give it up, but I-wanted to' shoot pool." She said she usually went to the tables two to four nights a week and stayed from about 7 p.m. to midnight or 2 a.m. Will, 28, said the child was hers from a previous mar- riage and "I was denied the chance to go with her when she did shoot pool." SOLE SURVIVOR The sole surviving block house built during the War of 1812 is located at St. Andrews- by-the-Sea, N.B. Inquiry into Cosmo failure begins second round today EDMONTON (CP) Testi- mony about the financial failure of an Alberta-based conglomerate resumes next week as a public inquiry under District Judge Roger Kerens reconvenes. The inquiry was called by Attorney-General Merv Leitch to investigate the collapse of P.A.P. Holdings Ltd. and a subsequent loss of 15 million to its shareholders. The first round of hearings, from Nov. 19 to 30, featured references to government bribes, violations of the Alberta Insurance Act and an unauthorized loan by a major financial institution. The second round, which -general counsel J. C. Major of Calgary says probably will last six weeks, is expected to be no less eventful. Edward Doca, counsel for shareholders, says an uniden- tified British Columbia witness who had come forward voluntarily would offer "startling evidence that may very well alter the course of the investigation." First to testify next week wilt the former directors of P.A.P. and a related firm, Cosmopolitan Life Assurance Co., which was liquidated in 1972 The founder of the companies. Albert Jaasma of Vancouver, was one of four witnesses who testified in November Mr. Jaasma cited Canamera Enterprises Ltd., Sioox Holdings Ltd., Rocky Holdings Ltd. and Balmoral Developments Ltd. as members of the con- glomerate involved in the col- fa we. The main reason for the failure was an unsuccessful attempt to purchase N.W. Financial of B.C., said Mr. Jaasma, a Dutch immigrant who claimed his personal loss totalled million. He said million was paid towards the purchase of N.W. Financial but its president. Peter Ropchan of Vancouver, changed the terms of the purchase agreement and as a result P.A.P.'s financiers backed out. P.A.P. wasn't able to make final payments for the B.C. conglomerate, resulting in the forfeiture of the f 1-9 million, failure of the Alberta companies and a total asset loss of about million. Mr. Ropchan denied that his actions had contributed to the failure of P.A.P. Much of the testimony al- ready heard dealt with com- plicated and far-reaching de- tails of financial transactions whose full effects on the failure remain to be probed. Mr. Jaasma said that in 1981 when Cosmopolitan was seeking its licence, he was under pressure from E. W. (Ted) Hinman, then provincial treasurer and now Social Credit member of the legislature for Cardston, to sell a business hi which Mr. Hinman was involved. Mr. Jaasma said he found a buyer, but when he asked for his commission he was told it had been given to Mr. Hinrnan. Mr. Hinman denied receiving the iimuey, said Mr. Jaasma. Mr. Jaasma also said that three other insurance panics receiving their licences before cosmopolitan and that the president of one of those companies, Seaboard Life Insurance Co. of Vancouver, said he paid to obtain his licence. Peter van itnyn, tormei secretary-treasurer of P.A.P.. testified that Cosmopolitan violated the provincial insurance act by using in equity funds to purchase stock in N.W. Financial. The act requires that equity funds placed in a segregated fund for investment in approved securities, not speculative in- vestments. Mr. Van Rhyn also acknowl- edged hank records showing that officials of P.A.P. received money from the bank account of Rocky Holdings, including a slip which said he was to receive But he said the money was repayment for a loan he had previously obtained in his own name for the company. Bank records were also in- troduced showing that Mr. Jaasma received from the Rocky Holdings account Bill McKinnon. chief exam- iner for the Alberta insurance branch, testified that two companies involved in the secondary marketing of Cosmopolitan shares used primary market subscription contracts. He said this may have misted people into thinking they were buying from share1' bother with solar energy. That is, not until now. Currently, the research firm studying the installation of solar climate control devices in eleven types of buildings in variour regional climates across the country. In five years, Dr. Glaser estimates, the cost of installing the equipment in a newT three- bedroom home will be be- tween and But if the cost of solar energy seemly unreachable today, it must be compared with higher fuel prices of tomorrow, Dr. Glazer said. "And it's not just the higher cost of he added. "The real question is, in five years, how much fuel will be available." Small openings compatible with good lighting View access to Collector Overhang shades all south facing windows Perspective section of proposed solar building Tremendous Selection Tremendous AFTER INVENTORY FASHION CLEARANCE SAVE NOW ON THESE LOW PRICES MANY ONE OF A KIND VALUES PRASTI FOR BEST w OaMy t aun. to pjm. end Frl, 9 a.m. to pjn. i MM rlQ0it to limit COLLEGE SHOPPING MALL 2025 Mayor Magrawt DEMRTMEMT STORES A onmwM OF THE Mr woQtwourM co. uMrrtol IF YOU TAKE AWAY OUR LOW PRICES YOU'VE G' ;