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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 26, 1975, Lethbridge, Alberta 28 THE LETHBRIDQE HERALD Wedneiday, February 26, 1975 CM Sit fill Kitchen Wares Choice of pail, cutlery tray, waste basket, vegetable bin, drainboard. drain rack, laundry basket or dish pan. Knives Paring Knife 47C 3" steal blade, wood-like Utility Knife 97e blade, wood-like handle. All Purpose Knife B steel blarJo. wood-like handle. Butcher's Knife 147 Toilet Brush Plastic Holder A 7-pce. tool set plus a handy wall rack. Floral or woodgrain han- dles. Silt boxed. Cocoa Fiber Reversible Mats "Ace-Lon" Yarn Dust Mop Zellers Cotton Yarn Yacht Mop Zellers Magnetic "Glamour" Broom letters Ironing Board Zellers Plastic Sponge Mop Zellers Sponge Mop Refills Zallers-own kitchen co-ordinates I ChooM bread box, 4-pieoe canister Ml, of itep-on can wilh polyethylene Inner pall. All metal construction, with chip-reslstar: gold or woodgrain finish. Big savings on our sturdy iron- ing board with fingertip ad- justments tor heights Irom 23" to Fully ventilated open- mesh top. Baked enamel flame top with 4 Hamelegs. Floral Gingham Ironing Board Cover Pad Teflon'Ironing Board Cover and pad Teflon'Ironing Board Cover Cotton Print Ironing Board Cover "Frig-0-Seal" Food Containers Recommended by Mme. Jehanne aenoit to keep your refrigerated foods Ifestier, tastier longer! Seals air-tight. Durable plastic. One- year guarantee! A.8-Cup Rectangular D. 9-oz. Tumbler With Lid.. Food Saver.................. 1.11 6.36-Cup Qiant Food C. Mini-Jar Set: 5. 6. E. X 854" X 2V Container. .1.90 FEBRUARY 27.28 and MARCH 1st Z6II6PS To Thrifty Canadians Your Satisfaction Is in Mopping Contra on Mayor Magrath Drlv.. Opm Dally to p.m. Thursday and MO a.m. to p.m. TtKphona 328-9171. Watchdog group on inflation to be recommended OTTAWA (CP) A new national watchdog group, with sweeping investigative and sub- poena powers, will be proposed to the govern- ment next month by the Cana- dian Federation of Independent Business. John Bulloch, federa- tion president, said in an interview that the group's job would be to identify the power groups that create wage or price inflation, then recommend steps to neutralize their power. He said the federation will present its proposal to the cabinet ministers who meet the fed- eration in March in an effort to develop a consensus on an anti- inflation program. About 20 meetings are scheduled with business, labor and professional groups by touring teams of cab- inet ministers. Finance Minister John Turner has said the government is seek- ing a consensus on how to divide the national pie. The federation wants a seven-member investigative board, each of the members having the status of judges. They would be nominated by federal or provincial govern- ments business, labor, agriculture, the professions and con- sumer organizations, but have no actual af- filiation with the groups. Mr. Bulloch said the group could then organize "flying squads" to move into the offices of a govern- ment department, a un- ion, a business, marketing board or professional group that was identified as abus- ing power or wasting public funds. By "spotlighting" the abuse, could cause a public demand for strong government action, he said. Mr. Bulloch said pofitical leadership federally and the sup- port of at least three of the larger provinces would be preferable before organizing such a watchdog body. It could then be established through federal leg- islation and 'given a limited life of, perhaps, five years to guarantee its power would be sub- ject to some electoral control. He said the federation supports the amendments collec- tively known as Bill C-2, the competition feels they will offset some of the price control large cor- porations currently ex- ert. AMC plans cut on car prices DETROIT (AP) American Motors said Tues- day it is lowering some car prices between and by cutting the base price on two models and eliminating cer- tain standard equipment on nine other models. AMC is the second auto- maker to lower prices by equipment changes to replace cash rebate plans which end this Friday. General Motors announced a similar move last week. The firm said the price cuts will take effect next Monday, March 3. JMC said it is cutting the price of the Hornet Hatchback model with Levi trim package by to and the price of the Matador Coupe with the Brougham trim package by Neither move involves deletion of equipment, the firm said. There is no price reduction on the new subcompact Pacer, which makes its debut next month. In addition, AMC said: Gremlin X model will be down to with interior trim components now standard equipment becoming, optional. Hornet Hatchback and sportabout models with the Touring package will be reduced each to and respectively. The vinyl roof and some mouldings, formerly standard with the package, will be made optional. Matador models will be cut to in price by making radial tires, now standard equipment, optional. The cars will list for to. after the cut. GM is lowering the price on nine small models to also by eliminating standard equipment. Industry observers expect Ford and Chrysler to announce similar cuts soon to remain com- petitive in the market. The equipment deletion ac- tion represents a reversal from previous practices. In recent years, the companies have raised car prices by making optional equipment standard features. An AMC spokesman said car buyers who choose to buy the formerly standard equip- ment will pay only what the equipment cost when stan- dard. Offshore oilfields tax proposed LONDON The British government today pro- posed a tax of 45 per cent on revenue from the country's newly-developed offshore oil fields. Some international oil com- panies have claimed that any tax of this order might slow development of the fields now being drilled in the North Sea off the northeast British coast. The long-awaited announce- ment on the rate of petroleum revenue tax (PRT) was made in the House of Commons by Edmund Dell, a junior treasury minister with the ti- tle of paymaster-general. The government had in- timated in recent months that the PRT might be levied at anything between 45 and 80 per cent. By setting the figure at the bottom of the range, the gov- PATENT SYSTEM MADE LAW George Washington signed into law legislation that estab- lished the patent system on April 10, 1790. ernment appeared anxious to placate oil companies which have warned that high taxes might scare them away from the North Sea altogether. The government had further concessions to offer. Dell said that before oil companies start paying the new tax, they would be able to claim at least 175 per cent of capital costs incurred in drill- ing beneath the stormy North Sea waters. In addition, there would be no tax on the first million tons of oil produced each year by each field. This concession was design- ed to encourage development of some of the smaller North Sea wells. "The government will stand ready to review and adjust the incidence of PRT in the event of a sustained and significant change in the price of oil in real Dell said. As additional protection, he said, PRT would be cancelled in any case where a company can show that the tax reduced its investment return on any one field to less than ,10 per cent. ;