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Lethbridge Herald (Newspaper) - February 27, 1971, Lethbridge, Alberta IU,, Low cost housing biggest market Business Talk JIM MAYBIE Low cost housing seems to be the biggest market for housebuilders today, it was indicated at the Housebuilders and Urban Development Association of Canada conference in Edmonton this month. Al Fazio, president of the Lethbridge Housebuilders Association, said attention hasn't been directed at low - cost housing in the last three years as it should have been. That's why Central Mortgage and Housing Corporation got involved. The Mark VI was a Joint experimental effort by CMHC, the federal government, Ontario government and house-builders to cut conventional house construction costs. The two - storey, four bedroom house was built in Hamilton. It bad a front - drive garage, rear roofed-patio. The house sold for $29,000 and provided req u i r e d commissions and profits. The land alone cost $11,000. A similar house in Lethbridge, with land costs at $6,-000, using conventional materials and methods would sell for $32,000 to $34,000. One of the major cost - saving items in the experimental house was use of a precast concrete basement. The basement was dug and erected in one day. Metal floor joists and wall studs proved another time-sav er. Floor underlay and wall paneling were screwed to the joists and studs using air guns Use of a hand hammer was largely eliminated. Footings were also precast, The exterior, guaranteed for 10 years, was of prefinished pressed wood. The use of plastic plumbing and water lines also cut costs. Mr. Fazio said it is possible that within three years this type of construction will be done in Lethbridge. Portions are being used now. The experimental house in Hamilton was said to be successful and there is no doubt some phases will bring about changes in present methods of construction and materials use. For local developers it's a matter of getting together with the precast concrete fellows to see what they can do. Some local firms could probably get into that business with little trouble. One of the features of the show and conference was plastic and glass windows, using no metal, which provide a tighter fit and more dust - free unit. Tanner Building Supplies was the only Lethbridge firm with an exhibit at the convention. The firm demonstrated windows and doors manufactured by Tanco Millwork Product*. Others from Lethbridge who attended the convention include: Ray McDougall, secretary - treasurer of the Leth-bridge Housebuilders; Peter Fiorino, first vice - president; Lloyd Kanewischer, past president; Walter Stewart, Keith Bickerton, Ed Witzke, Harold Tanner, Henry Krahn and Henry Gretzinger, local developers. Mr. Fazio reports the trend in Lethbridge is now definitely back to single family dwellings. The trend has been es Doctors' income inquiry draws mixed reaction Saturday, February 27, 1971 - THE LETHBRIDGE HERALD - 19 By THE CANADIAN PRESS The Canadian Medical Association's proposed investigation of doctors' incomes across Canada has drawn mixed reaction from the CMA's provin c i a I counterparts and health officials. Many said it was unfair to draw conclusions based on gross incomes reported by health insurance commissions because doctors, particularly specialists, have high operating expenses. Others suggested the 6urvey was a timely move. The investigation, to be conducted by the CMA's council on medical economics, is outlined in the current Canadian Medical Association Journal. The group will meet in Ottawa March 18-19 to work out details of the cross-Canada investigation. Memo fo: Close Corporations from E. A. "ED" BRUNNER Supervisor re: Keeping The Team In Control What would happen to your firm if � member died today? Has a fund been set up for the purchase of the stock of a deceased member-or would his interests, perhaps complete control, be lost to an outsider? How can you be sure of "keeping the team in control ?" Business Life Insurance to finance a sale and purchase agreement is the ideal answer, For information call... 327-5514, Dayi 328-7549, Evenings MANUFACTURERS INlUlkNCI It says the study will attempt to determine why there are discrepancies among doctors' incomes and why some of them are "taking financial advantage of medical care insurance programs." Dr. C. R. Giles, assistant secretary of the Alberta Medical Association, said the Alberta group "has already begun an investigation into disparities in doctors' incomes in this province." "We are not proposing equalization of incomes, but level-ling-out is necessary," he said. Dr. Giles s a i d the Alberta group is also concerned because some sections of the medical profession seem to be getting low incomes. The Alberta Health Care Insurance Commission report for the year ended June 30, 1970, was tabled last week in the legislature. However, Dr. Giles and Health Minister James Henderson pointed out that the report includes fees only and no indication of net income after expenses. The report showed the average income of med'cal practitioners from the commission as $46,430 with four doctors getting incomes of more than $240,000. Dr. Giles said more accurate figures are expected to be released this year. Mr. Henderson termed the CM A move a "timely exercise." tablished elsewhere and Lethbridge should soon be in the full swing of it.  �  You wouldn't know the old Macleod's Family Shopping Centre building at 426 6th St. S., now owned by Hatbridge Holdings Ltd. A $50,000 renovation job, including fixtures, being done by Kitson's Wholesale and Anglo Distributors (Kitson's retail division) has made a world of difference to the building, inside and out. Anglo plans to open about April 1, in the new quarters where an expanded line of gift-w a r e, jewellery and housewares and new lines of merchandise will be offered to cardholders. The 5,000 square feet of display area will triple the space in the present premises. This fall, Louis Kohn, president of Kitson's Wholesale and H a t-bridge, plans to display toys, sporting goods and camping equipment on the lower floor of the building. Premises now occupied by Kitson's Wholesale and Anglo at 427 5th St. S*. will be used by Kitson's for tobacco, confection and drug wholesaling to merchants only. Anglo Distributors Stereo and Photographic Shop will remain at 419 5th St. S. The same system of operation will continue in the new premises with sales at "wholesale" prices being made to cardholders. Mr. Kohn started selling in this manner several years ago to members of various groups, societies, clubs, professions and large firms including farmers and ranchers belonging to different associations, pools and co-ops. He felt "group" customers deserved a break by paying cash which eliminates bookwork and the problem of chasing after bad accounts. Anglo now has more than 15,000 cardholders in southern Alberta. *   Koffler Stores Limited of Ontario announced sales of $59 million for the year ended Jan. 31, 1971 compared with $46.6 million the previous financial year, an increase of 26.6 per cent. Murray Koffler, company president, termed the acquisition of Cunningham Drug Stores Ltd., which has a store in Centre Village Mall, "the most exciting and meaningful step ever undertaken by our company. What is b e i n g created is not only the largest drug store chain in Canada both, in terms of sales and numbers of stores (there are 88 stores in the western chain), but Canada's first coast - to-coast drug store chain." in mm ss v i ix win Oil firms discuss joint operation NEW YORK (AP) - Continental Oil Co. and Burmah Oil Co. Ltd. said here they are negotiating to combine their assets and operations. Continental has assets of about $3 billion. Burmah's assets total about $2 billion. The announcement was made by John G. McLean, president of Conoco, and Nicholas J.D. Williams, managing director of Burmah. They said that, putting together such a multi-national company would require extended negotiations and approv- IN MEMORIAMS COMPANY 131 210 PROFESSIONAL BLDG. LETHBRIDGE Bank debits show drop OTTAWA (CP) - Debits to individual bank acounts in the Lethbridge Clearing House area amounted to $87.4 million in January compared with $101.8 million a year ago. In December last year debits totalled $115.5 million. These figures include all amounts debited by the banks to the accounts of customers, current, personal chequing and savings, maintained in branches in this area. The value of cheques drawn on the Bank of Canada, Government of Canada and by the chartered banks on themselves are excluded in order to provide an indication of economic activity in the private sector only. Bond prices Supplied by Doherty Roadhouse and McCualg Bros. GOVERNMENT Of CANAOA BONO* GOVERNMENT Of CANAOA GUARANTIED BOND! 6 c,'o 4>/4% 5Vz% 8 % 41/2% Perp. 6W.0 7'A% 5>/i% PRIME SPACE FOR RENT DOWNTOWN - NEXT TO POST OFFICE PROFESSIONAL BLDG. # 4500 Sq. Ft. - Main Floor  6000 Sq. Ft. - Lower Floor May Be Divided to Suit Tenant CALL 327-6747-1:00-5:00 p.m. PAHULJE CONSTRUCTION LTD. Can. Nat. Mwy. BM Apr. 1, '71 100.00 Sept. 1, '72 99.20 99.30 Oct. 1, '75 98.50 99.00 Jul. 1, '78 103.50 109.00 Sept. 1, '83 82.75 83.25 3 % Sep 15 41.00 43.00 Apr. 1, '75 102.75 103.75 Jul. 1, '75 105.25 105.75 Sep. 1, '92 97.00 98.00 MtOVINClAl Alberta 8%% '90 107.00 109.00 Ontario 7 To Ont Hyd 9 % N Bruns Wz'.� Nfld. 8 r/o N. Scot. 61-! % Quebec 7%'� Alberta 8%'� Man Hyd 8 "� Sask 8% T� Nfld 9',z% AGT 8 '� Man Tel 8 % '88 97.00 98.00 '94 109.00 '90 108.00 '74 100.00 102.00 '92 86.00 88.00 '74 99.00 101.00 '90 109.00 '91 103.00 104.00 '90 107.50 109.50 '90 106.00 '74 102.00 104.00 '74 102.00 104.00 INDUSTRIAL Alta G T O'^To '90 104.00 106.00 Alcan 9%'"� '91 105.00 107.00 BC Forest 9%^ '92 102.00 104.00 BC Tel 9!�% '90 104.00 116.00 Bell Tel 91/s% '79 105.00 107.00 Bell Tel 9%% '93 107.50 109.50 CPR SViTo '89 104.00 116.00 CP Sec 9Wo '90 101.00 103.00 Can Util 9%To '91 104.00 10G.00 CMHC m"� '90 104.00 106.00 Gulf Oil 8%% '90 103.00 105.00 Inter P P 9%vi '90 105.00 106.00 Massey 9V^ '80 102.00 104.00 Noranda 9'V:� '90 104.00 106.00 Int Nick 9Vir'� '90 106.00 108.00 NandCGSMi^ '91 102.00 T Cdn P 9%% '90 104.00 105.00 Tr Cdn P 10% '90 105.00 106.00 CONVIRTIBIM Alta G T 714% '90 118.00 121.00 Cons Gas 5Ms% '89 94.00 96.00 Scur Rain 7'/*% '88 94.00 96.00 Tr C P 5 % '83 88.00 90.00 \VC Tr 5V:% '88 88.00 90.00 WC Tr 7M-% '91 111.00 113.00 Dynasty 7 % '82 60.00 70.00 Acklaods !Vt% '88 77.00 80.00 ENS - In loving memory of a dear son end brother, Brian Ens, who passed away so suddenly February 27, 1957. For we know that if our earthly house of this tabernacle were dissolved, we have a building of God, an house not made with hands, eternal in the heavens. -Ever remembered and sadly missed by dad end mom, Wayne, Beverly and Carol. 5130 KOVACS - In loving memory of a dear mother, Lidia, who passed away February 27, 1967 and a dear father and grand father, John, who passed away November 17, 1970. Time will never heal our grief, Our love for them was far too deep, We cannot forget them, we don't even try, Our memories of them will never die. -Ever remembered, ever loved by daughters Rose and Lydia and families. 5132 NEVE - In loving memory of a dear father and grandfather, Ed Neve, who passed away February 28, 1970. The face we loved is missing, the voice we loved is stilled, A place is vacant in our hearts, that never can be filled Such pain he bore so patient ly, for a quite a weary while, He kept his sweetness to the end. with a brave and loving smile. And when God took him to Himself, and hushed his heart to sleep, So peaceful was hts sweet face, it seemed a shame to weep. Take care of him as he takes his rest, Because on earth he was one of the best. -Ever remembered by his daughter Mildred, Bob and family; daughter Maxinc, Ray and family and son Stan, Glora and family. 5133 SPRLAK - In loving memory of our dear dad and grandfather, John Sprlak, who passed away February 28, 1966. Forget you dad, we never will For in our hearts with us still. Behind our smile there is many a tear For the dad we lost and loved so dear. -Sadly missed and lovingly remembered by daughter Helen, son - in - law Mike, grandchildren and Sophie Hud. 5173 als by the United States and British governments. If negotiations are successful, they said, proposals would be submitted to stockholders of both companies. Burmah's assets include 23 per cent of the ordinary stock of British Petroleum Co. Ltd. Burmah has informed the British government and BP that Bur mah would seek the cancellation of a portion of its holdings of BP stock in exchange for BP assets, particularly oil and gas reserves and exploration acreage. The announcement said that although essentially American-British in ownership, composition of the board and management, the new company would be incorporated in the U.S. for operational reasons. Burmah and its subsidiaries are engaged in exploration and production of crude oil and natural gas, refining of crude oil and marketing of finished petroleum products in the United Kingdom, Canada, India, Pakistan, Australia, Peru, Ecuador, Continental Europe and the U.S. The company has oil and gas reserves in Canada, India, Pakistan, Australia, Ecuador, Australia and Peru. It also has oil and gas exploration rights in these countries and in Britain and the North Sea. Burmah owns or has interests in seven oil refineries. Two each are in India, Pakistan and the United Kingdom and one is in Ecuador. In 1969, the latest year for which figures are available Burmah earned $66 million on sales of $607 million. Five permits over $10,000 A total of five building permits in excess of $10,000 were issued by the city hall building department in the week ending Feb. 26. The largest was a $65,000 permit to Fiorino Homes Ltd. for a six - suite apartment at 2711 Scenic Drive. Henry Homes Ltd. took out a $12,000 permit for foundation work for three four - plexes at 236 North Mayor Magrath Drive. A $30,000 permit was taken out by Dorigatti Construction Ltd. for a warehouse for Jay-berg Enterprises Ltd. at 311 4ht St. S. Only two permits were taken out for single - family units, for $14,000 and $12,000. Total value of permits valued at more than $10,000 was $113.-000. By PETER LEICHNITZ Canadian Press Staff Writer Banking issues highlighted an otherwise-dull week of trading on Canadian stock markets. A bank-rate reduction by the Bank of Canada sparked a round of prime-rate reductions by the five major Canadian chartered banks. The banks Wednesday lowered their prime rate, the interest they charge their best customers, to 6>,4 per cent from seven per cent. At Toronto, the banking sector of the industrial index jumped more than 5V4 points, closing at 219.73. Prices were sharply lower Monday with the Toronto industrial index, a broad indicator of market activity, posting the sharpest decline since Dec. 14, 1970. Bankers grab spotlight Prices advanced fractionally Tuesday in what one market observer termed "bargain buying." Wednesday's news of further ir^erest-rate reductions sent prices higher for the remainder of the week. The Toronto industrial index rose .99 on the week, closing at 177.39. ADVANCE WAS SMALL At New York, Wall Street posted a fractional advance. The Dow Jones industrial average of 30 blue-chip issues advanced .27, closing Friday at 878.83. Trading was well below the 105.70 million shares which set a record earlier in the month. Volume at Toronto was 11,966,996 shares, up from 11,548,000 the previous week. At Montreal, the Montreal and Canadian exchanges' composite index ro.se .38 to 174.49 during the week. Combined volume was 6.65 million shares, compared with 5.07 million last week. Speculative buying continued in western oil issues. Stocks which have an interest in the Panarctic development were generally higher. News of an oil discovery in the Northwest Ter-r i 10 r i e s helped push prices higher. The Toronto western-oil index climbed 3.25 points, closing at 208.31. Heavy buying and rising prices helped push gold issues fractionally higher during the week. At Toronto, the gold Index rose .84 to 182.70. The Toronto base-metal index dropped .03 points to close at 92.39. $10 million plan set to rebuild Churchill WINNIPEG (CP) - A $10 million redevelopment program designed to revitalize Churchill, Man., will be undertaken jointly by the federal and Manitoba governments. The announcement was made here by Manitoba Premier Ed Schreyer and federal Works Minister Arthur Laing. The cost-sharing formula calls, in general, for the federal government to contribute 55 per cent of the total cost and the province 45 per cent. The formula would cover about $8 million worth of projects. The remaining $2 million would be provided by the federal government under the National Housing Act and by a special grant. The major items in the redevelopment plan include a medical-dental facility, public housing, sewer and water projects, street paving, drainage and general community improvement. Administration, public works, library and recreations buildings and a secondary school will be constructed, and public works and public safety equipment purchased. The new program is separate from a $400,000 federal contribu tion to a sewer and waiterline system started in 1969. Concedes defeat PERTH, Australia (Reuter) -Premier Sir David Brand, who has headed a Liberal-Country party coalition in West Australia state for 12 years, conceded defeat to the Labor party in last Saturday's elections. Victory in a rural seat gave Labor a certain 26 of the 51 legislative assembly seats. IN MEMORIAMS KOVACS - In loving memory of mother and grandmother Lidia, who passed away February 28, 1967. Years may pass and fade away, But memories of you will always stay. -Steve, Mary and family. 5171 PWA loses $232,000 VANCOUVER (CP) - Pacific Western Airlines Friday reported a net loss of $232,000 on earnings of $43.5 million for the year ended Dec. 31, 1970. Thisi compared with a net profit of $548,000 on earnings of $33.9 million in 1969. Labor un rest, a sluggish economy, delay in integrating B.C. Airlines into PWA's schedules and a downturn in northern oil exploration contributed to the loss, a preliminary report said During the year, PWA ac quired Byers Transport Ltd and bought B.C. Airlines for $1.1 million. An injunction granted employees of B.C. Air lines held up for three months its integration with, PWA. Four planes were added to the company's fleet, a Boeing 737, Boeing 707 for international charter service, a Hercules for cargo, and a 50-passenger Convair 640. The program is expected to take two to three years to complete. A committee of federal and provincial officials is to establish priorities and implement it. The redevelopment plan is the first step toward consolidating communities in the Churchill area into a single townsite. Mr. Laing said in a news release the federal government would be providing housing in Churchill for its employees, and that, the federal enclave at Fort Churchill would be eliminated by 1974, with the exception of any operational facilities for which a continuing need may exist. With the elimination of the Fort Churchill establishment, the federal government would fulfill its financial commitment to Churchill by providing grants, Mr. Laing said. Premier Schreyer, In the same news release, said both governments were anxious to see that Churchill was given "new impetus, a new environment, and a new future." Unifarm probe pollution EDMONTON (CP) - Pollution and its relationship to agriculture will be the main topic of discussion at a Unifarm seminar March 4. "We want the facts so that farmers can make adjustments in production techniques where required," Dobson Lea, president of the 30,000-member farm organization, s a i d in a prepared statement today. The program has been designed to look at the broader aspects of pollution and then to concentrate on specifics such as pesticides, animal waste and soil erosion. Delegates will hear spokesmen for the provincial agriculture department, the University of Alberta and the farm industry. Deaths Yesterday By THE CANADIAN PRESS Van Nuys, Calif. - Sammy Gallop, 55, lyricist who wrote such songs as There Must Be a Way and Elmer's Tune. His death was ruled a suicide. Nairobi, Kenya-Chief Pete Sudi Namachanja, 95, who had fathered 215 children and had 1,260 grandchildren. Salada foods, Kellog company to unite firms LONDON, Ont. (CP) - Salada Foods Ltd. of Toronto and Kellogg Co. of Canada Ltd., London, Ont., will unite operations within a year, a company spokesman said here. Kellogg Co. of Battle Creek, Mich., acquired control of Salada Foods in 1969 for about $47 million. G. D. Robinson, president of Kellogg Co. of Canada, said, however, the degree of integration has not been determined. "There is a lot in common between the two companies-we are on common ground in several areas." Mr. Robinson also said H Is unlikely any major employee upheaval will result from the integration. HIGH RATE United Nations figures indicate France has 15.2 suicides for every 100,000 inhabitants. H. H. Smith Ltd. Customs Broker EDMONTON t � I 26MOS0I V I *,LETHBRtO0J KIN08OATE Njfc �MWI IQ/M24-54M \ m 9 COWS then* 344-3121 you are TETZLAFF - In loving memory of a dear husband, father and grandfather. Arthur Tetz-laff, who passed away February 27, 1970. Two tired eyes are resting, Two willing hands are still, The one who always worked so hard Is resting at God's will, God saw you getting tired He knew you needed rest. His garden must be beautiful He only takes the best. -Lovingly remembered, sadly missed by his wife, Lydia 1 and family, 5129 ROSS - In loving memory of Jackie Ross Jr., who passed away February 27, 1968. Sweet are the memories silently kept, We smile with the world but never forget. -Lovingly remembered by his wife Irene, Valerie, Terry and Linda. 5152 IN EDMONTON Stay At The RIVIERA VARZARI - In loving memory of a dear mother and grandmother, Annie V. Varzari, who passed away February 27, 1967. Every day in some small way. Memories of you keep coming our way. -Ever remembered by son George, Mary, Cory and Glenn. C3633 KOWALSKI-Cherished memories of our dear mother, Leon a Kowalski, who passed away February 28, 1934. Tenderly we treasure the past With memories that will always last. -Quietly remembered, fondly loved by her children and grandchildren. C3632 THE HOTEL WITH MORE TO OFFER For your convenience in moking reservation* Call long Distance and ark for ZEnith 0-72S5 At no cost to youl IVIERA MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2610 ATTENTION WESTERN SAVINGS AND LOAN CLIENTS For Information Regarding Your Holdings Contact Either of tho Following in lethbridge EARL WAGNESS - District Manager Ph. 328-1307 MURRAY LESLIE - Representative - Ph. 327-0818 - OR - INVESTORS SYNDICATE LTD. Calgary West Branch 1011A 17th Ave. S W. CALGARY - Phone 244-9377 ROAD CONSTRUCTION FOREMAN SOUTH CENTRAL ALBERTA COUNTY requires the services of QUALIFIED ROAD CONSTRUCTION FOREMAN Capable of laying out and estiinaling road construction projects and on site engineering. Salary to be negotiated. Usual employee benefits including insurance, health benefits, etc. Apply stating oge, marital status, experience, references and availability to commence work to: F. J. DAWLEY COUNTY COMMISSIONER COUNTY OF MOUNTAIN VIEW NO. 17 P.O. BOX 100, DIDSBURY, ALBERTA ;