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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 28, 1973, Lethbridge, Alberta |J4 - TN* ttTHBRlpGE HER AIR ..... WniW!>- TWO NEW PRODUCTS WITH SPECIAL INTRODUCTORY PRICES UNTIL MARCH 31, 1973 WE NOW HAVE THE COMPLETE LINE OF SAWYERS 35mm SLIDE PROJECTORS In stock. Take advantage of a 15% discount - plus -2 free rotary slide trays. JUST ARRIVED THE ALL NEW G.A.F. 220 POCKET CAMERA 1 Using the new instamatic film. Comes complete with 3 flash cubes, wrisl strap and color film. Reg. $26.43 ........ SPECIAL �21 .95 MAKE NO MISTAKE! You know the name but . . . the address is new 1224 3rd AVENUE SOUTH Opposite the Elks Club Phone 327-2673 or 327-2565 (7.5. to use full powers to discourage subsidies Bird's eye vieiv Bird watchers eye shoreline and adjacent marshes as they stalk lana Island at mouth of Fraser River. Al Grass, naturalist at Reifel Waterfowl Refuge, is guiding about 60 persons spending six Saturdays looking at' birds in a winter course sponsored by the University of British Columbia,__ WASHINGTON (CP) - A leading Nixon administration trade official says the United States intends to use its full powers to discourage further efforts by Canada and other trading partners to subsidize export industries such as the Michelin tire plans in Nova Scotia. Peter M. Flanigan, executive director of the Council on International Economic Policy and special assistant to the president, referred in testimony before a Senate subcommittee to the 6.6-per-cent countervailing duty imposed by the U.S. recently on imports of Michelin tires. "While we don't begrudge our Canadian friends the right to relocate factories from Toronto in order to encourage economic development in less-developed areas," he said Monday, "its a matter of proper concern to us if the result is to move jobs out of Akron, Ohio." Akron is one of the capitals for American tire manufacturers, whose complaint last year led to the imposition of the countervailing duties. Flanigan added: "I can assure this committee that we intend to use the tools we have to deal with this type of situation.' Flanigan was thus repeating and emphasizing warnings is- sued by treasury department officers at the time the duty was announced. The French-owned Michelin companys two plants in Nova Scotia, which export as much as 80 per cent of their production into U.S. markets, were built with the aid of federal and provincial subsidies as part of the Canadian regional economic development program. Canada has since protested the imposition of the duty. The treasury department has given no indication what percentage of exports from such subsidized plants would be acceptable to escape countervailing duties and Flanigan shed no light on that question. Flanigan said the administration does not need any new legislation to deal with situations such as that created by the Michelin exports. The president had "existing authority" to make an adequate response. Flanigan's testimony to a Senate subcommittee on international trade, which was examining the role of multi-national corporations, gave few specific clues to the Nixon administration's plans for trade legislation to be presented to the current Congress, But he defended in many in- stances the role of such corporations in job development and export sales. Of suggestions that U.S. tax laws should be changed to harvest a greater percentage of the profits earned abroad by the multi-nationals, Flanigan said 'no administration position has been reached" on possible changes. He reiterated the results of government studies which concluded that the multi-nationals U.S. labor force has grown faster than the average for U.S. business, that the outflow of capital they cause is minor, that their export record is good and that their foreign subsidiaries generally serve foreign markets, not the U.S. "Notwithstanding much rhetoric to the contrary, the evidence indicates that businesses do not normally move abroad to take advantage of low-cost labor," he testified. The multi-nationals have been a particular target of organized labor in the U.S., which has pressed for legislation that would tend to induce many of them to repatriate their operations. Flanigan also said:, "Experience indicates that balance-of-payment problems cannot be cured by reducing imports. ,, ,_----_ ,---,.--^-^-tj -v, - fliiftllltllf^^ ; 1 'Brentwood' Student Amplifier with Tremelo Made exclusively for Woolco! Black vinyl covering with red metallic grill cloth. Solid State construction, separate tone and volume controls and one 6" speaker. 6 watt power, two instrument inputs and pilot light. 15'/j"x15"x7". Weighs only 15 lbs.l Sanyo 4 Channel Quadrasonii package for a new sound! This complete Stereo music system consists of CHI0 BSR Changer, DCA1500X Decoder (Synthesister) with 4 speakers, DCR5110 AM/FM Receiver and MD5 stand. Use the c hanger with 2 speakers and the AM/FM receiver wil'h the other 2 s peakers or set them all up together for Quadrasonic Sound! Wake up to music with this AM/FM Digital Clock Radio! Large easy to read numbers give you the time at a glance!. Set controls to wake to music or alarm. Snooze switch lets you fall asleep with radio on. If shuts itself off! Solid State Construction in walnut grain finish cabinet. Open Daily 9 a.m. K p.m. Thursday and Friday 9 a.m. to 9 p.m. 'Brentwood' Beginner Amplifier! This one input amplifier has separate tone and volume controls and Solid State construction! 0n>8 6" speaker. Black vinyl covering with red metallic grill cloth. 10 lbs. EACH COLLEGE SHOPPING MALL 2025 Mayor Magrath Drive 39.95 DEPARTMENT STORES V IF YOU TAKE AWAY OUR LOW PRICES YOU'VE GOT A REGULAR DEPARTMENT STORE ;