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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 11, 1975, Lethbridge, Alberta Repairs favored over new cars EDMONTON (CP) With the prices of new cars increas- ing rapidly coupled with what many motorists feel is interior workmanship and declining gasoline mileage, Kdmonton is in the midst of a brisk trade in the restoration of I9fi0 model automobiles. Automobile repair shops, wrecking yards and new car dealers all cite the move to older models for nostalgic as well as economic reasons. Owners of older-model cars cite belter gas mileage, the lack of complicated anti-pollu- tion devices, better work- manship and cheaper repair bills. The Alberta motor vehicles branch does not keep records of the number of older vehicles on the province's highways but Lucille Barnard, a bookkeeper for Alaskan Auto Salvage at Winterburn, just west of the city, says there definitely are more drivers searching out the older models. She said many customers buy the older cars because "they're built better." The move to older vehicles started in the spring of 1974, she said. Not only are the ISBOs cars selling at the Winterburn yard, but some drivers are buying 1950 models. "One fellow was in with his t'J5tJ Olds. He said he wouldn't trade it for all the tea in China." Pete Kirk, manager of a city transmission repair shop, said the new model cars are not built "the same as they used to be." He said the statement applies to the whole vehicle, but illustrated his remarks by mentioning transmissions which now are housed in aluminum casings that do not provide as much protection from rocks as the cast iron casings used in the older models. This situation leads to more frequent repairs on the newer he said. Allan Devins, an auto parts store manager, said he likes his restored 1965 Chevelle. He spent replacing the up- holstery, body and drive train ji.d now would not trade his for his neighbor's new Thunderbird. "People are putting less emphasis on classiness being a new he said. "Instead they want a trip to Hawaii." He said his car gets 22 miles to the gallon at a highway speed of 80 miles an hour, but General Motors no longer makes the 283 B.H.P. V-8 en- gine that delivered that kind of mileage. Even if it did, pollution con- trol devices probably would require more stops for gas- oline, he added. "If you fix up an older car, in the long run you can save enough to cover the cost of re- Mr. Devins said. Don Bergsten, owner of a diagnostic and service centre, said many car buyers prefer older North American models to foreign makes because im- ports cost more to repair. He said one of his customers recently sold her old 1965 model for a newer foreign car But soon after the purchase, she changed her mind and Mr. Bergsten now is doing maintenance work on the woman's 1968 model. Some service represen- tatives at new car dealerships in the city reluctantly ad- mitted the older cars were better in some ways. Others said although the quality was not that different, the price tags were; the dollar sign apparently made many people decide to keep their older cars and undertake ex- tensive repairs. Lang plans barley pool RF.GINA (CP) Justice Minister Otto Lang, responsi- ble for the Canadian wheat board, said he plans to establish a separate wheat board pool for malting barley, as prairie farm groups have requested. Mr. Lang told a news conference the wheat board has felt the problems of a separate pool outweighed the advantages provided the price difference between barley used for malting and barley used for feed was small. But with higher differen- tials, the board recently recommended a separate pool and Mr. Lang said he will propose to the government that such a pool be es- tablished. Under the Canadian wheat board system, all farmers delivering barley to the board in the same crop year receive the same amount a bushel. in 91 countries AH sizes, types of Industrial Water Softening, filtration, deionization, chemical treatment, reverse osmosis, waste water treatment for commercial, industrial, insti- tutional needs. Our products are standardized production line models which are delivered ready for point-of-use installation. Complete local service. Call us for professional analysis of your water supply, engineering consultation. There is no cost or obligation. WE THEAT SERIOUSLY.. call 327-7867 Saturday, January 11, liilii THE r. Analysts predic easier credit ENTREPRENEUR GEORGE MINDEN OF TORONTO tenders sought investors offer for sports car EDMONTON (CP) CN Telecommunications has call- ed for tenders to design, supp- ly and erect 12 microwave towers in Northern Canada. The towers, to be located between Fort Nelson, B.C., and Inuvik, N.W.T., will provide a dual-purpose system for long distance ser- vice to outside points. The service will also allow for alternate service from Yellowknife and Hay River and between Fort Simpson and Fort Nelson in the event of power outages. Diamond sales drop LONDON (CP) De Beers, which controls nearly all world diamond sales, has reported that business dropped 7.8 per cent last year. The decline occurred in the second half of the year after a 12 per cent improvement in the first half. The second half sales were 41.5 per cent down" on those of the first half, and 29 per cent below those of the second half 1973. The company said sales re- sistance was due to the world- wide economic recession and dealer tendency to reduce stocks apparently because of tight money. TORONTO (CP) Cana- dian entrepeneur George Minden. 37, of Toronto an- nounced this week he heads a group of investors interested in buying Aston Martin Lagonda Ltd.. the prestige British car maker tilat wait into voluntary liquidation Dec 30. Mr. Minden leaves Sunday for biitain "LO explore the possibility of purchasing Aston Martin." He plans a meeting with Charles Warden, managing di Gov't may quit B.C. grain port operation REG1NA (CP) The federal government's grain terminal at the Port of Prince Rupert, B.C., may be turned over to private interests to encourage greater grain shipments through the port, Justice Minister Otto Lang said Thursday. He told reporters at the Palliser Wheat Growers Association annual meeting that there are many advan- tages to the port but the major grain companies do not have an incentive to use it since they have no elevators of their own. "I am increasingly convinced that we should put the terminal in the hands of out of the operators currently gathering grain on the prairies." Mayor P. J. Lester of. Prince Rupert, speak- ing to the Palliser meeting Wednesday, challenged the govern- ment to turn the tti iniiial over to private enterprise or else use it fully- Asked about possible greater use of the northern Manitoba Port of Churchill. Mr. Lang said some increased use of the port foi grain shipments might be pos.uble when aluminum railway hoppti cars are prociut ed that can be pulled over tht track going to Churchill. D-1 20 North Mayor Magrath Drive (Andy Holmes) Senior Matriculation Required Please forward written resume to WflTKiNSON, WART, DUDA DORCHAK Chartered Accountants P.O. Box 698 Lethbridge, Alberta T1J 3Z6 ANNOUNCEMENT BRUCE A. SMITH The IntiiituU1 of Accountants of Alberui i (CAA tht ap- pointment of Bruce A. Smith as Public Relations Coordina- tor.' NU-MODE HOMES LTD. and NU-MODE REALTY are pleased to Congratulate, Jerry Nagel and' Bob Sapsford for their achieve- ments in real estate sales and listings in 1974, their totals are as follows The 1CAA is ureatly expand- ing its cf furls lo increase1 public awareness of the chartered accountancy pro- fession and the services that CA.'s provide. Mr. Smith will bi- responsible for d oping nnd co-ordinating Ihese iK'iiviiicj throughout the Mr Smith boir. in Kd Lun. but -school in Calgary. After a Bachelor of Arts rer- from The Univor.sily of Calnary in 1071, he en- rolled ill Cam-ton University in Ottawa where he earned a f degree 1972. Gerry Nagel Bob Sapstord The ICAA has more than members throughout Alberta. Approximately half are practitioners providing professional accounting ser- vices lo the general public There are also more than Albert.; Chailered serving as rm- jr. industry and government Gerry and Bob invite any of their friends and customers to give them a call on any real estate need. Nil-Mode 1277- 3rd Ave.S. rector of the British firm which has been seeking a buyer or some form of finan- cial support to rescue the company. Mr. Miaden did not identify other members of his group but .said any deal Would be in the form of a joint venture. "It seems unthinkable that this magnificent car should be allowed to sink into lie said in an interview. "The demand for the Aston Martin is very strong. Sales forecasts for North America alone for this year was 200 cars and that represents revenue for manufacturers of more than million." Mr. Minden is the owner and president of Grand Tour- ing Automboile Ltd. of Toron- to, sole importer of Aston Martins for Eastern Canada. He also owns the Windsor Arms Hoiel in Toronto and a string of restaurants. Earlier this week, Mr. War- den said he hopeful Aston Martin" couid find a buyer, adding that at least one United States businessmen, not identified, had expressed a "firm interest" in the com- pany. Okay budget (CP) The board of directors of Panarc- lic Oils Ltd. has approved a million budget for petroleum exploration in 1975 in the arctic islands, and authorized company officers to go outside the company for additional funds. CUT INFLATION RATE SANTIAGO (AFP) Chile managed to cut its infla- tion rate to about 375 per cent in 1974 from 509 per cent in 1973. The most inflationary month last year was May, when the cost of living rose by 24.5 per cent. TORONTO (CP) There are strong indications that credit will start to ease soon as pressure is mounting for a drop in major interest rates. Many analysts are predicting that the Bank of Canada lending rate will come .down by tne end of the month, triggering similar reductions in prime rates by Canada's chartered banks. Peter Martin, an economist with McLeod, Young Weir and Co. Ltd., said in an interview Thursday that because of some underlying factors "you have to conclude the bank rates have got to come down." Mr. Martin referred to a sharp drop this week in interest rates on short-term money and a decrease in federal treasury rates. Another factor, Mr. Martin Copper shipment cut urged VICTORIA (CP) Japan has asked its major British Columbia copper producers to reduce shipments by 15 per cent in 1975 because of the world economic slowdown. While the cutback is in the iorm of a request, it is business practice to agree to reductions when asked by the major purchaser. Most B.C. copper is sold in Japan. said, is that a round of reduc- tions in the prime, or minimum interest rates by United States banks is ex- pected within the next few days. This would put substan- tial pressure on Canadian interest rates to move down. Other analysts say there is a global trend to lower interest rates, a softening of the Cana- dian economy and a tapering of loan demand. An important factor was the liquidity of Canadian the relative ease with which assets can be converted into money which was sound at present. January has traditionally been a good time for a reduc- tion in interest rates as de- mand for money lessens following a build-up in the fall. Finally, in the last two months, the Bank of Canada has twice reduced the amount of secondary reserves banks are required to hold. The central bank called it a technical move but some ob- servers consider it another in- dication of cheaper money to come. H. H. Smith Ltd. Customs Broker COUTTS Home Oftice Phone 344-3822 Salesperson of the Month ALICE HAHN Mr. Dave Neufeld, Sales Manager for Astro Realty is pleased to announce that Alice Hahn was sales person of the month for December 1974. Alice is presently enjoying a holi- day in Hawaii which she won in a 1974 sales con- test. Whether buying or selling, why not give the friendly staff at Astro a call. ASTRO REALTY INSURANCE LTD. Phone 328-7748 Westminster Mall B-LINE EXPRESS LTD. 1231 2nd Ave. 'A' North Phone 328-3778 ANNOUNCEMENT Daily services from and to major Alberta, British Columbia points (Vancouver, B.C., Edmonton, Calgary and Lethbridge) tc and from Calgary and Lethbridge commenced January 2, 1975. EDMONTON CALGARY LETHBRIDGE VANCOUVER Head Office: 3839 Ogden Road, S.E., Calgary To Western U.S.A. Annual Income on 5 year Guaranteed Investment Receipts. Fully guaranteed by Royal Trust for term of deposit. No fee or handling charge. Rates subject to confirmation. Guaranteed Investment Receipts. Royal Trust Member Canada Deposit Insurance Corp. 740 4th Avenue South Lethbridge, Alberta ;