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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 20, 1975, Lethbridge, Alberta Thursday, February 20, 1975-THE LETHBRIDGE HERALD-21 Shakes hands Premier Peter Lougheed shook plenty of hands as he made his first campaign appearance in Alberta's March 26 election. Here he greets a person at a meeting in Sedgewick. New energy quest begins By KEVIN DOYLE LONDON (CP) As West- ern states begin laying the groundwork for a world con- ference on oil supplies and prices, European countries al- ready seem firmly embarked on a harried quest for al- ternative sources of energy. In some cases, such as Brit- ain, the main race is towards the development of indigenous oil resources but in nearly ev- ery instance there is a con- centrated attempt to expand non-petroleum energy forms as. well. The exception appears to be Italy, but even there hesitant steps are being taken to ex- plore the extent of the coun- try's own oil deposits, thought to be non-existent until recent SEE THE LENS THAT DARKENS IN THE SUNLIGHT (VARIGRAY) finds were made in the Po Valley region. There is no clear pattern to' energy policies in Western Europe but the motivation of all countries involved is the reduce dependence on imported oil as quickly and with as little economic distur- bance as possible. The outcome seems certain to have profound implications for all other oil-importing countries which have been hit by the dramatic quadrupling of petroleum prices. In Britain, top priority is be- ing given to North Sea oil development with the aim of becoming .self-sufficient soon after 1980. At the same time, a number of new British-de- signed nuclear power reactors have been given the go-ahead with some components to be supplied from the Candu reac- tor system in Canada. In France, where there are no oil reserves and no pros- pect of finding any, an exten- sive nuclear power program has been instituted by the government, using American- designed reactors. West Germany has decided on a mix of energy sources, using its own coal reserves, a declining amount of imported oil and more nuclear 'reac- tors. Italy has a nuclear program but its implementation is be- ing delayed while the Po Valley oil reserves are exam- ined more closely. The need for new energy sources is acute in Europe where electricity consump- tion at.peak periods now is dangerously close to capacity. In Italy there have been sub- stantial electrical breakdowns already and most other coun- tries on the Continent believe they will face the same prob- lem within two years unless their energy output from non- oil sources can be built up quickly. BUY ACID UNIT MONTREAL (CP) C-I-L Chemicals Inc. has acquired the sulphuric acid division o Chem-Met Services Inc. Wyandotte, Mich., a dis tributor of chemicals in Michigan and Ohio. NotallR.R.S.E's are alike. Consider the Toronto Dominion Retirement Savings Deposit. The TD RSD is a bank deposit. That's the big differ- ence. Its high-yielding interest rate is adjusted twice yearly to match .that of the TD five-year Certificate of Deposit. And you never have to worry about fluctuations in the market value of stocks and bonds as you would with some other R.R.S.P.'s. Finally, there's no interest penalty for deregistering your TD RSD at any time. As with all R.R.S.P.'s, eligible annual contributions are deductible from your current taxable income up to in some cases. So depending on your circumstances, the 1974 income tax you defer can be substantial. The money you put into a TD RSD works hard to earn more money for you. For example, if you start your TD RSD at age 35 and contribute at the beginning of each year, you'll have put in by the time you're 65. Assuming a conservative rate of return over the 30 years of per annum, compounded semi-annually, your savings will have grown to Your TD Manager is the person to ask about a TD Retire- ment Savings Deposit. You'll get all the facts, and you'll be pleased to know that you can start for as little as with contributions of 100 or more whenever you wish. But hurry, March 1st, 1975 is the deadline for the 1974 tax year. ITS TIME IS NOW. TORONTO DOMINION the bank where people make the difference Welfare ministers By GINNY GALT OTTAWA (CP) Provin- cial welfare ministers left a two-day- federal-provincial conference, Wednesday without committing themselves to federal proposals for major reforms of the welfare system. Federal Welfare Minister Marc Lalonde said he was "very encouraged1' by the talks, but Alex Taylor of Sas- katchewan described the meeting as "the political bombshell of the year." A statement released at the close of the conference .said it was agreed that the next two stages in reform of Canada's social security system should provide an unspecified guaranteed minimum income to single parents and the the unemployable and a sliding scale of income supplements to aid the working poor. When the conference opened Tuesday, the new Democratic Party ministers of British Co- lumbia, Saskatchewan and Manitoba said any overhaul of the social security system should avoid making dis- tinctions between the working poor and those on federal as- sistance. However, Norm Levi, B.C. Minister of human resources, said in an interview after the conference that most provinces agreed to continue discussions under the two- ,program framework. The next federal-provincial meeting will be held in April. Mr. Lalonde said at a news conference after the meeting that calls for an integrated program are "naive and un- realistic." "We have never pretended that there could be integration of the type that could do away with all existing programs and that we could have a single new shiny program." Mr. Lalonde said additional programs should be adminis- tered through existing struc- tures such as the Unemploy- ment Insurance Commission and the Canada Pension Plan "rather than setting up new structures, new bureaucracies." The proposal to administer income supplements through the unemployment insurance program drew strong criticism from several provinces. Mr. Levi rejected the pro- posal, saying "I doubt UlC's ability to administer anything." At the final news conference, Mr. Lalonde reacted angrily to descrip- tions of the UIC as a walking disaster. "I could say the same thing about most provincial welfare Mr. Lalonde snapped? Some provincial ministers said they were frustrated by delays in implementing a system which would provide income supplements. Mr. Taylor said he is "totally dis- gusted" that Ottawa has just Anti-inflation consensus sought By BUD JORGENSEN OTTAWA (CP) The gov- ernment should be in a posi- tion in about a month to make a decision on what to do next with its elusive anti-inflation program. Cabinet ministers will have had about 20 meetings with representatives of business, labor and professional groups by late March and a govern- ment official says there are no plans for further meetings in the exploratory stage of developing a program. Senior cabinet members have steadfastly refused to give details of government intentions while they have quietly assembled a small staff known as the ministerial inflation consultation secretariat. Finance Minister John Turner has said they are seek- ing a consensus on how to split up the national pie. He says an anti-inflation program should be voluntary but has avoided, under questioning, saying whether this will involve government guides. He says the electorate rejected controls in the 1974 election by defeating the Progressive Conservatives under Robert Stanfield. Meanwhile, the government is under pressure from business to set an example in wage settlements. The government has not set a guide for civil service settle- ments but the estimates of spending for the year beginn- ing April 1 contains a seven- per-cent allowance for wage and salary increases for employees with contracts ex- piring during the year. The spending estimates were to be tabled today by Treasury Board President Jean Chretien. The seven-per-cent increase is a conservative estimate and there is a special fund in the treasury board ably for more, than mil- cover higher civil service settlements. now proposed revisions to the Canada Assistance Plan. Mr. Lalonde said he was not unhappy with the progress of the talks. "Some might feel that we should be going faster than we have been, but in all honesty I can not complain about the rate, of he said. "These discussions should be completed by the summer." Mr. Lalonde said Tuesday he hoped agreements would be reached by April, the se- cond anniversary of the two- year federal-provincial welfare reform study. Mr, Levi said most provinces were pushing for revisions of the Canada Assistance Plan when the dis- cussions started two years ago. "SoJiere we are two years later and we are going to ad- dress ourselves to Mr. Levi said at the final news conference. "There has been eough standing around." MOTORS APPLIANCE MOTORS Available Best Prices All Types! Fail-field Appliance Services Ltd. 1244 3rd A ve. 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