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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 11, 1971, Lethbridge, Alberta _ tHI LETHBRIDGE HERALD Thursday, februoiy II, Publishing book on reasons lor move IdfflftSf i Economist says Canada should try to buy itself back from U.S. mml should establish Crown Strikes should also be out- ployed nun buy. TORONTO (CP) A prominent Canadian economist says in a new book due to be published in March that trv to buy itself back from the United States. H. Pope, an instructor in economics at Ryerson Polytech-nical Institute here, says the federal government should provide low-cost loans to Canadian business in order to stimulate Canadian-owned industrial growth. Such loans, with interest rates at about two or three per cent, would allow Canadian companies to operate on a lower profit margin. U.S. firms operating in Canada would be ineligible for and with declining profits the incentive for foreign investment would be lost. "This resultant sizable reduction in the profits of American subsidiaries should help considerably in reducing the present billion net drain of interest and dividends on Canadian current Mr. Pope writes in The Elephant and the Mouse. He says present federal tariffs aimed at protecting Canadian industry from foreign imports are in fact protecting U.S.-con-trolled industries operating in Canada and therefore should sharply reduced or removed. "Most American subsidiaries in Canada operate under monopolistic conditions and are able to set their prices at close to the American prices plus the Canadian which of don't have to pty." The reduction or complete removal of such tariffs would allow competition from Japanese and European exporters. Mr. Pope also suggests that if reduced tariffs did not lower profits, then the federal should establish Crown corporations to compete with U.S. firms operating in Canada under monopolistic conditions. He advocates the banning of strikes in key areas such as communications, transportation and the medical should also be outlawed in industries such as steel and construction with the federal government ensuring workers they would not suffer any loss in real wages or other benefits. He says the federal government's program for fighting in-flaton was that people out of work could not afford to buy things, therefore the demand for goods would drop. With goods in less demand prices would soon begin to fall and inflation would be ended. "While it is true the unem- Combat pay SAIGON (Reuter) Combat pay for S'outh Vietnamese soldiers in Laos and Cambodia has been doubled-to 36 cents a day Saiaon government announced Wednesday. In addition to the special combat pay, South Vietnamese soldiers without dependents normally receive a MONTREAL (CP) Francois Cloutier. Quebec cultural affairs minister, announced here the creation of a opera company supported provincial opera company that will include 200 performers and stagehands. The new Quebec Opera Quebec pany will have an annual budget of and is organised as an independent government corporation, he ployed nun buys lot, U Is even more important that he produces nothing." EPILEPSY STUDY SASKATOON (CP) Scien- tists at the University of Saskat- chewan believe that chickens imported from Egypt may help them uncover the cause ot In- herited epilepsy in people. They are studying the Fayoumi breed, some of which suffer from epilepsy related to a genetic mutation. The project is believed to be the only ooe of ill kind in the world. SIMPSONS-SEARS February Bargain SIMPSONS- There's No Substitute For Genuine Leather Sale Price ,99 .99 39189 People who think to save money by buy- ing imitation leather think wrong! Especially when these fine quality genuine leather jackets are priced so low. Pick youn in suede, leather or pigskin. Single or doublt breasted. Some with zip-out linings in Brown, Green, Tan, Broken sizes 34 to 44. B) SIMPSONS-SEARS Pantsuits Perfectly Styled, Perfectly Priced! Cool. Comfy. Neat. Bonded acetate panlsuits striped for style and fashioned for spring. Long sleeves tops slipped simply over wida leg pants. Assorted pastel shades to whisper the mood of the camming season. Sizes 7 to 15. HOURS, 9 a.m. to p.m. Daily; Thursday and Friday until 9 p.m.; Closed Wednesday a, p.m. Centre Villa.. 2nd Ave. and ,3th St. N. Teleshop ;