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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 5, 1974, Lethbridge, Alberta -THE LtTHMIDQI HIRALD-TiMwfey, February S, 1174 Inflation helps property become safe investment Acute shortage in Edmonton VICTORIA (CP) Conservative Leader Robert Stanfield said Monday that through distortions caused by inflation, property has become one of the few, relatively safe, investments. And this results in the little guy getting clobbered again. "He gets squeezed in the housing market place by those who are better off those who with some justification are looking for more investment shelter than shelter as we have thought of it in the past. In a speech prepared for delivery to the Victoria Chamber of Commerce, Mr. Stanfield said that unless the federal government provides firm action to bring the present inflation under control, "conventional vehicles for saving appear to be nothing more than sure-fire ways to lose money." He said Canada Savings Bonds yield a bit more than 7V4 per cent, and bank savings accounts yield a little less. Interest is taxed and "it is readily apparent that inflation in excess of about five per cent starts to make these methods of saving pretty unattractive." "So it shouldn't be surprising that we are witnessing little resistance to price and 10-per-cent interest rates on housing. Real property has emerged as one of the few Tow-risk investments which has been gaining sufficiently in value to provide a hedge against erosion of the value of the dollar." Jobs open for secretarial workers Tax tips EDMONTON (CP) An acute shortage of secretarial workers has developed in the city. Canada Manpower lists more than 350 vacant positions for office and clerical personnel, business colleges are being raided for students before their courses are completed and employment agencies are placing qualified applicants in high-paying jobs almost as quickly as they open up. A spokesman for a'major insurance company said the firm is fortunate to keep most secretaries longer than six months. for secretarial work, particularly stenographers. "There just aren't girls being turned out by the schools." Sharon Bradburn, branch manager for Drake Personnel, said much of the problem can be traced to the demands made by business on girls seeking jobs. Employers generally wanted girls with some experience and shied away from students fresh out of high school business- educated courses. "I think there are lots of girls out there. But some of these employers are asking for too many qualifications and aren't paying more than 1975 a month. It's impossible to find anybody who will take a month these days." Mrs. Bradburn said salary scales seem to have increased substantially recently but are. still not as high as they could be and often do not reflect the value of a secretary to her employer. Wally Pickering, Canada Manpower centre manager, said many qualified COLUMNER SHEETS INDEX CURDS TRANSFER CASES BINDING CASES CHINOOK STATIONERS LTD. 3197HS.S. WOKE 327-4551 FILING FOLDERS OFFICE DESKS FILE CABINETS all the h don't worry about leaving anytime they want." "It's a very transient population we're dealing with. They're unsettled. They don't know what they want. And they find that many of these jobs become very routine after just a few days and go looking for something more challenging." Grant Nicol, supervisor of the provincial government's personnel and administration office, said the government has been experiencing difficulty in trying to keep its secretarial jobs filled. Some positions requiring specific abilities had taken as long as three months to fill after steady advertising. Mr. Nicol said other employers have also been finding it difficult to get girls Canadians buy up antifreeze stocks MINOT, N.D. (AP) Several Minot stores are sold out of antifreeze in the wake of a buying spree by Canadians who presumably expect to profit from a shortage of the product at home. Reports from stores and U.S. customs officials indicate the buyers are stockpiling antifreeze now in anticipation of prices rising to a gallon or more next fall. Customs officials at Portal, N.D., said the last week and a half has seen a huge increase in the amount of antifreeze brought into Canada. rv> BEAVER INTERIOR PAINT Continuing reat values'. Freshen up your home Satin Latex Applies easily with brush or roller. Dries quickly to attractive low sheen. Beaver's got it all! GAL QUART Alkyd Semi-Gloss Semi-Gloss enamel dries to a hard, durable, washable finish QUART 257 Super White Enamel Dries to porcelain-like finish. Ideal for kitchens or bathrooms. QUART 2" Rat Enamel For walls, ceilings, woodwork. Dries to a washable flat sheen. QUART 2s7 Jet Brand Paint Brushes Good quality brush with long lasting flagged nylon bristles. For all types of painting. Pick the sizes you need. i" 2" 122 147 on o47 34 Thrush Brand Paint Brushes Pure bristles to apply paint smoothly, evenly. Easy to use, easy to clean. In a size for every job. 1" 2" 3" 4" I55 212 S33 w Step Ladder Heavy duty, all purpose ladder won't twist, split, warp or rot. Extra wide rails, traction steps 14 EACH Store Hours: to HO) 1707-Jrd Phono) 32t-44t1 Do-it-yourself savings! "Before Jan. 16, there was very little antifreeze being brought into Canada through this said Portal Customs director Gary Morgan. "Since then, we have seven or eight shipments of antifreeze average to gallons a load, legally exported into LOW PRICES Morgan said Canadians are buying the antifreeze at low prices here and hope to sell it for much more next fall. "I'm getting a little concerned about this he added. "It might be tough to get antifreeze next fall." A number of Minot stores have had requests for antifreeze. Tempo spokesman Kenneth Kitzman said a man from a garage in a Saskatchewan town bought 106 gallons on Jan. 18 and asked for more. The Canadian paid N.D. state sales tax because the antifreeze was to be resold. A Sears spokesman said he recently sold 360 gallons of antifreeze to a Canadian for a gallon. The man wanted more gallons, but Sears didn't have it. He told the Sears salesman that prices for antifreeze in Canada would be going up to 16 a gallon. Apparently, any Canadian can drive down to the United States and return with a truckload of antifreeze. "There is no duty, export tax or restriction of any kind on the United States side, said Morgan. secretaries, stenographers and typists feel their pay is not adequate in relation to skill demanded and responsibilities assigned. Women also were no longer content to be secretaries all their lives. "These jobs now are, in most instances, a kind of dead end, and many well-qualified stenos and typists are not willing to settle for that." Fay Ruttan, district supervisor of vocational education, said the public school system is actually producing more business education graduates than in previous years, with more than students enrolled in business education programs this year. Mrs. Ruttan said the problem is that the gap between supply from the schools and demand from the business community is widening. HOUSE SALES SOAR TORONTO (CP) House sales continue at a record pace in Metropolitan Toronto with worth of residential properties sold hi January, a survey by A. E. Lepage Ltd. shows. This compares with a year earlier. For further Information, call the District Taxation Office. If yon live IB a toll area, uk your long-distance operator for ZENITH and your call will be placed without charge. Q. I am a farmer and I used 1967 as the year of averaging for income tax purposes 'and am eligible to average again in 1973. Am I required to average again using 1973 as the year of averaging, or can I wait until a year in which averaging would be more beneficial to me? A. You may choose any year you wish as the year of averaging, provided that returns have been filed as required and that the averaging period chosen does not overlap another period for which you have averaged. Q. I retired from farming and now live in the city. My farm lands are rented to a tenant. I make six or more trips each year to the farm to supervise seeding, summer fallowing and harvesting. Can I claim the expense incurred in travelling to and from the farm? A. Travelling expenses incurred while travelling to and from your farm cannot be claimed as a deduction from your rental income. Q. I bought land in 1965 on a Telecommunication tests in Arctic planned CALGARY The oil industry and several telecommunications carriers will carry out an experiment, starting this month, in the extension of voice and data communications with the high Arctic. Involved in the experiment are the Canadian Petroleum Association Gulf, Shell and Imperial companies, Telesat Canada, CP-CN Telecommunications, Trans- Canada Telephone System and Alberta Government Telephones John Poyen, CPA president, says the oil rigs in the Mackenzie delta, miles northwest of Calgary, will be directly connected to the AGT and CP-CN Telex-exchanges first in Calgary and later in Edmonton. Relays will be through Anik I, Canada's domestic communications satellite, and a mobile earth station provided by Hughes Aircraft Co. The earth station will be located at the camps of Gulf, Shell and Imperial in February, March and April respectively. The February and March connections will be with the exchanges in Calgary, the April and later connections with the exchanges in Edmonton. If the trials are successful, the system will be demonstrated at the national petroleum show in Calgary May 7, Mr. Poyen said. "We in the petroleum industry are very enthusiastic about the trials. The availability of portable earth .stations can be of great benefit in providing the specialized communications services so often required by oil half-share-crop basis and this half share was sold in the vendor's name. Do I have to pay income tax on the half share that was paid to the vendor? A. Yes. The half share that is sold in the vendor's name is your income and the subsequent payment-to the vendor is considered to be an instalment on the purchase price and is not deductible. Q. Is a farmer required to make Canada Pension Plan 'deductions from the wages paid to farm help? A. Deductions for the Canada Pension Plan must be made from all wages paid for farm labor, provided the employee has reached 18 years of age but has not yet reached 70, and has received cash wages of or more and has worked for 25 days for the employer during the year. Q. What is the income tax situation if I sell land with standing crop? A. If the agreement specifies an amount for the standing crop, that amount is income to the vendor and an expense to the purchaser. If the agreement does not specify an amount for standing crop, then no portion of the selling price is attributable to the standing crop as far as the purchaser and vendor are concerned. To complete the answer, your transactions insofar as the land value is concerned is subject to the capital gains provision which was introduced in 1972. Q. I understand that commencing in 1972, depreciation on any new depreciable farm assets acquired in 1972 or subsequent years must be taken under Part XI of the Regulations. If I switch my depreciable assets on hand as at December to the Part XI method, does this mean that when I sell or dispose of them that I will be subject to recapture of depreciation on aU the amounts that were previously claimed under PartXVH? A. Yes. Q. In valuing my farm properties for capital gains purposes, should I make separate valuations for my residence and out buildings? A. Yes. It is advisable to establish the value of your farm residence in that if it is your principal residence there is an option available on the sale of your farm which would exclude it from capital gains tax. Come to the 1975 Jeux Canada Games Southern Alberta COUNTDOWN PARTY Monday, Feb. 11th 6-11 p.m. Lethbridge Exhibition Pavilion and 4-H Building Sports Exhibits and Demonstrations Draw on Live Steer at 11 p.m. Dancing for the Family (Kathy and the Kool-Aid Kids) Display Booths Food Available Tickets Available at: B.P.O.E. Elks Qib CMM'S Shots Fifs Appro! Ufcor Oik if UtkkrMii CoHopjMo hnlililt uHUrUfi dtu HUNT'S Utnrf CM Shirt HUM'S nd Wnr Mtb's Color TV Tickets Each Children Under 12 Free ;