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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 11, 1971, Lethbridge, Alberta Nbrupry 11, THI LfTHMHOCf HtRALD 15 May come by 1980 Common market on path to creating European economic monetary union BRUSSELS (Reuter) The Common Market was on tbe path today toward creating a European economic and mone- tary with a common 1980. Foreign, finance and eco- nomic ministers of the six mem- ber West Ger-1 start the 10-year process. I emerge in a phased plan start' many, Italy, Belgium, Tbe Netherlands and Luxembourg- reached agreement Tuesday to Government gives increase in grants to universities Their decision started the j ing later in the decade, market moving toward either a Which of Uiese paths the Corn- supranational Europe or to a dead end if policy differences munity eventually will take was not made clear, for it was im- plicit in tbe Egreement that the question will not even begin to be answered for another three to five years. But if successful, the Com- EDMONTON (CP) Alber- ta's universities will have to live with a six-per-cent increase in provincial grants this year, 2.6 per cent less than the amount recommended by the universities commission. However, the provincial gov- ernment today announced it has agreed to change financing to allow universities to know at the start of each fiscal year how much to expect in over-all per student grants. Education Minister R o b e rt Clark, at a news conference, said he will ask the legislature, which opens today, to ap- prove a total of million in per student spending by the uni- versities for the 1971-72 fiscal year, an increase of mil- lion over the current year. In addition, Mr. Clark said there'will be million allo- cated for fixed operating costs. ANTI-POLLUTION DEVICS-Smog-bound city may have to resort to a gadget like this British-made de- vice which, provides oxygen-enriched air instead of the polluted variety. ORTHERN ASBESTOS BUILDING SUPPLIES LTD. 253 12th STREET NORTH IETHBRIDGE Phone 327-6166 or 327-6161 UNBEATABLE SAVINGS FREE DELIVERY IN THE CITY PREFINISHED GOLDEN ASH PANELS T V grooved. PER SHEET, ONLY PREFINISHED MAHOGANY PANELS mm, random v-grooved. PER SHEET, ONLY ZONOLiTE 3 cubic foot bag. EACH, ONLY 1" FIBERGLASS INSULATION sq. ft. PER BDL....... FIR PLYWOOD SIS Per Sheet SIS Per Sheet 4 .64 sheathing Per Sheet sheathing Per Sheet 1 DECORITE plastic laminate. White gold glitter. PER SHEET ONLY 11 ,75 WEISER LOCKS A-101B Passage EACH 3 ,25 Bathroom EACH 3s A-501B entrance EACH I was believed most of that oney will be used to develop medical school at the univer- ty of Calgary and on the new impus at the University of xrfhbriclge. Mr. Clark said the province increase last year's allo- itJon by million to par- ally make up a total rail- on deficit caused by less-than- inticipated student enrolment. The increase for the coming ear brings the per student ant to from How er, Mr. Clark said, the new mount would be paid on pro- enrolment rather than ctual enrolment figures. Mr. Clark also said the gov- nment has requested the uni- rsities to continue a freeze on dtion fees for Canadian stu- ents and students with landed mmigrant status. However, no ention was made about fees r foreign students. Dr. Max Wyman, university Alberta president, said the crease was "not unreason- >le" considering high unem- oyment, welfare and health costs. companes accused WASHINGTON (AP) The e d e r a 1 Trade Commission Wednesday accused two of the argest mail-order firms, Mont gomery Ward and Co. Inc. and piegel Inc. of deceiving cus on credit terms. In a proposed complaint, the C said the two Chicago-basee irms had failed to make diselo- ures required by the TJ.S Truth-in-Lending Act and hai misled customers in advertise- ments of credit conditions. The complaint contends Mont !omery Ward catalogues failet 0 disclose how the balance computed for figuring financ charges, failed to tell customer aking out special mortgages t 1 n a n c e home improvements hat they have three days t cancel the transaction, an ailed to disclose credit term on required minimum payments [or catalogue items. The complaint also allege. Montgomery Ward's advertiser, claim that no monthly payments would be required on an item until a certain date misled cus :omers into believing financ charges would not be imposec until the first instalment cam due. Actually, the FTC said, fi nance charges arc impose monthly after the first 30 days. DEFENDS POLICY In a statement, Montgomery Ward said its corporate adver tising and credit policies "con ply fully with the letter an sp'irit of the law and FTC regi lations." The complaint against Spiege charges' the firm sold credit lif insurance to new customer without obtaining the requirec permission of the custome failed to disclose on statemen the date by which paymen must be made to avoid finano charges and misled credit cu tomers as to the method of com puting finance charges. Under FTC procedures, bot firms may negotiate a voluntar; settlement. Should the firm contest the allegations, a hea ing examiner would weigh tl evidence and recommend a for mal decision by the commi munity's plans will give Europe the biggest integrationist boost since the Treaty of Rome creat- ing the Common Market was signed in 1957. After 16 hours of discussions spread over two days, the min- sters agreed on the detailed contents of a first three-year stage and the broad outlines for subsequent moves. The first stage provides for some co-ordination of economic, monetary and fiscal policies, mutual financial support and an experimental narrowing of mar- gins between members' curren- cies. The over-all objective of eco- nomic and monetary union in- cludes the complete inter- changeability of currencies at fixed parities as a pre-condition for a common currency. This, in turn, assumes the transfer of powers over eco- VERSATILE ACTORS Character parts which are out of character show versatility of Danny Kaye left, who plays a 600-year-oi d Noah in a new Broadway musical, and Frank Sinatra, right, in costume for his latest film role as a frontier con man. nomic and monetary policies from national to Community level Dividends By THE CANADIAN PRESS Canadian Westlngbouse Co. Ltd., 12% cents, March 15, record March 1. Ford Motor Co. of Canada Ltd., 50 cents, March 15, rec- ord Feb. 19. Molson Industries Ltd., class A 18 cents; class B 18 cents; both April 1, record March 2. Loblaws Inc., 10 cents U.S. March 1, record Feb. 12. Petrofina Canada Ltd., cents, March 31. record Feb. 26. Texas Gulf Sulphur Co. 15 cents U.S. March 15, record Feb. 16. YOU'VE COT A DEGREE, SO WHAT? Gelling o college degree used to pave the wny to a well-paying job. Nowa- days it can lead to sweeping floon or washing cars. Too many graduates are flooding the labor market. How do they feel about it? What do lay? And what about those still studying? Weekend reporti en the plight of the educated unemployed. IN YOUR LETHBRIDGE HERALD WEEKEND MAGAZINI Lethbridge rink wins first event WARNER (HNS) M. Snowden, K. Clow, I. Shaw and R. Tarnavo of Lethbridge won the first event and Dave's Gulf Trophy at the recent women's bonspiel here. Sixteen rinks-took part. M. Nilsson, S. Nilsson, R. Dickson and L. Stroman of Warner won the second event and the Shell Trophy. D. Brantncr, C. Minion, A. Nemeth and L. Douglas of Warner won the third event. The biggest end, five, was executed by K. Gorrcll, C. Brantncr, B. Virginello and D Culler of Wrentham. look what you can pull in witn-a terrific cor from Mercury. Pick any new car and get ONE occenory FREE. Here at College Mercury we deal on SUGGESTED FACTORY RETAIL PRICE on all our new vehicles. Look for the FACTOR! RETAIL STICKER on the window and you'll know you'ft getting a nreot car deal. We must sell OS many new vehicles as to maM room for our next factory shipment so we ure having our FREE FOR All 5AIE. The time is right and remember, pick any new ear ond get ONE ACCESSORY FREE. 1971 COUGAR 2-DOOR HARDTOP Automatic transmission, 351 2V, power sleering, power brakes, radio, block heater, remote control mirror, deluxe wheel covers, H.D. battery, whitewoll tires. Bright lime green in color. Reg. demo. FREE FOR ALL 1971 METEOR RIDEAU 500 2'DOOR HARDTOP, automntrc transmission, tinted wind- shield, 351 2V, power brakes, power steering, radio and dual rear speakers, black vinyl roof, remote control mir- ror, H.D. battery, rear window defogger, floor mats, block heater, whitewall tires. White in color with black vinyl roof. Reg. S4914.30 demo. 5 J 0 FREE FOR ALL n alMY radio power seats power brakes power steering ;