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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 12, 1972, Lethbridge, Alberta Accountants plan capital gains tax seminars By OREO McINTVRE SUrf Writer The new capital glim tax IB to compucated that the preti- dent of Lethbridge and Dis- trict Chartered Accountants' Association hse refused to of- fer general advice ibout it. 'To go out and get your u- aeti valued may be good for one individual and not for an- said Bill Lord. Instead the accountants, in conjunction with the Institute of Chartered Accountants of Al- berta and the Lethbdldge and District Chamber of Commerce have scheduled public meetings Jan. 19 and Feb. 2 where spe- cific aspects of the new tax sys- tem can be discussed. Jan. 19 a panel of account- ants will explain bow the new lax affects the individual, the fanner and the rancher. Feb. 2 they will discuss taxes affecting the professions, the corporation, small business and property income. Tickets are available at each. On both evenings i thai will start at with (tinner, and the agenda at p.m. at Ericksen's Family Res- traint. The federal government tabllshed a capital gains tax in mi and set valuation dates. Valuation dates are starting points for calculating the new capital gains tax. Most shares of market stock will be valued at Dec. and most other at Dec. 31. Capital gains are the type of profit resulting from an in- crease in the value of a pos- session such as a house or a stamp collection. Most Canadians may safely disregard the capital gains part of the new tax bill, since their principal place of residence and one acre of land, mott houte- hold effects and their car are exempt. "Probably the larfMt single group affected will be large Mr, Lord MM. The new tax bill went into effect Jan. 1, 1972, but will not be considered by the public un- April 30, WhUe til Canadians file tax returns 1973, he said, accountants have not yet felt the effect of the new legislation in increased De- mands for their, services, Mr. Lord predicted a large reac- tion next year. The increased complexity of the tax system will require more information and more study in determination of 1972 tax renjTDS. "A greater number of people are going to require ly In tax planning and secondly In the calculation of tax re- he said. Butter purchased from V.S. By RIC SWIHART Staff Writer The Canadian Dairy Commis sion recently imported butter from the United States to en- sure supplies prior to the sum mer production. R. P. Dixon, Alberta Dairy Commissioner, in a telephone interview, said the importation was deemed necessary in ordei to have adequate supplies and Unemployment so commission will assist Unemployment is "a terrify- ing says the Un- employment Insurance Com- mission. And the U1C has entered new field to improve its ser- vice to the unemployed the claimant assistance program, to help people to become re- employed. Through counsellors and printed literature the new UIC program helps a jobless claim- ant to adjust to the situation and provides the motivation and tools to help him effective- ly look for work. By identifying with the claim- ant the reason tor individual unemployment, examining em- ptoyment potential and job prospects in terms of the cur- rent job market, a job search plan is developed. Incorporated into (lie Claim- ante' Assistance Program coun- selling format is a claimant's employment potential, which include natural talent, interests and hobbies and skills gained during previous employment or training. Horner to speak Jack Horner, Conservative MP for Crowfoot will be tbe featured speaker at the annual meeting of tbe United Grain Growers on Friday at Milk River. The outspoken Opposition member is expected to discuss the federal government's new farm marketing bill. Lethbridge MP Deane Guild- lock will attend the dinner meeting at the Elks Hall to introduce Mr. Homer. As a result, a claimant's job search is not restricted to the last type of job held. The job search assists the claimant in determining the kind of work to look for where and how to get job leads to apply for work, in- cluding writing a job resume, and where to look for work in light of current labor condi- tions. The job seeker is given claimant assistance portfolio, which contains booklets show- ing, step by step, how to go about finding a new job. This information discloses, to a job seeker, information on how to prepare a ume of skills training and education. It contains 16 key sources of Flying Club plans changes There will be a "sbake-up" in the organization of Lethbridge Flying Club at its next annual on Jzu, 16. "I will be paatfnskhnt of the company after Jan. Norm Bulbed, club president, said. the company's nine election.' Dismissing reports that the flying dub was Mr. Bullied admitted that it is not making good profit. "We have managed to hold be said. "Of course, anything can hap- pen at the he added. Mr. Bullied said he will con- tinue as a director of the flying club, which has flying training as its mainstay in addition ot some chartering services. employment, and also lists 12 ways of going into business for one's self; a simple daily guide to organize a job search ant make use of available time anc explains how to create a fa vorable impression in person, by phone, and by letter. However, not all unemployed are ready, for a variety of rea- sons, to re enter the labor force, UIC officials warn. CAP, through close liaison with all social agencies, Is in a position to make appointments for those claimants, with the best agency available. This could be by means of upgrading or retraining pro- grams through Canada Man. power; counselling by the local debt counselling service in the case of a claimant who keeps losing jobs because of garni- shee actions; the needy indivi- duals with children where help can be obtained from welfare or other community agencies. Federal Labor Minister Bryce Mackasey claims the new UIC legislation is "one of the best (rings which happened in the 30-year history of UIC in Can- ada." Public affairs council meets Scott McKinnon, youth work- er with the Alberta department of culture, youth and recrea- tion will speak at noon Thurs- day at Sven Ericksen's Family Restaurant. Marilyn Anderson will chair the luncheon meeting, part of a series by the Southern Alberta Council on Public Affairs. Mr. McKinnon will discuss he needs of youth in Leth- bridge. The meeting is open to the public. to keep away from possible "run away1' prices caused by a butler shortage. He said the importation amounted to a 10-day supply for all of Canada. Mr. Dixon. said the butter stock was likely imported as a solid, and would be sold on the Canadian market that is the handiest. The shortage of butter in Can- ada' resulted from a much- strengthened dairy market pic- ture throughout the world. Mr. Dixon said just a few years ago Canada had a butter surplus of 300 million pounds, and a similar surplus of pow- dered milk. "At that time the price for powdered milk was six cents per pound on the world mar- said Mr. Dixon. It has increased to 15 cents, then 21 cents, 27 cents and now is more than 30 cents per pound. There is a similar story for butter, and this is the rea- son Canada sold the surplus. Mr. Dixon said part of the reason for the lack of dairy stock in Canada is there have not been sufficient people en- tering dairy product produc- tion. He said Canada has the cat- tle and everything else needed, but not enough dairy production. He said a similar Importation ot butter from New Zealand oc- curred several years ago. That butter was imported and sold at 30 to 35 cents below the do- mestic prices. He felt the butter imported from the U.S. would be sold at domestic prices. St. John Ambulance Brigade plans membership campaign JaMwy 11, ltd UIWNOM MtALB If) I FEATURING PRICES YOU HAVE TO SEE TO RELIEVE '2F0 T0 FWORS FOR INCOMING 197J MERCHANDISE. YOU ON THPI ANNUAl OF FLOOR SAMPLSS, >ICOKT Learn to save a life for free. Members in the Lethbridge St. John Ambulance Brigade are trained to be skilled and proficient first aiders, says Jerry DeHeer, brigade superin- tendent. Membership in the brigade is limited to persons between the ages of 15 and 65 years old. Dther than a lot of volunteer Jme, there are no membership fees charged, he said. "The uniforms, medical-first aid supplies and first aid kit are supplied by the a. John organization, but in order to be eligible for full membership a lerson must have a valid first- lid certificate. He must also tave been active In the brigade or three months, be of good character and morals and may not have a criminal record." Belongong to the brigade pro- vides two important benefits, he said. Each member is able to take lart in community service ac- ivities such as duty at hockey games, football games and other sporting events; provide first-aid service for the fair, participate in running blood- donor clinics and give first-aid it snowmobile races. "In addition to public ser- vice, every member receives invaluable training which may dlow him to save the life of a member of his family or a close friend in rimes of emergency, treat himself if injured and Mr. DeHeer said. Persons interested in joining the St. John Ambulance Bri gade may attend the next regu- lar aieeting on the second floor of UK Lethbridge police sta- tion, Jan. 19, at p.m. Dr. Fred Preston of Leth- bridge will be the meeting's fea- tured speaker. He wfl] discuss (he treatment for frostbite, sev. ere cold, burns and other dam- age to the skin. The use and application of a Thomas leg splint will also be demonstrated during the prac- tical portion of QIC meeting. For further information in- terested persons may phone Mr. DeHeer at 327-5193 or the St. John Brigade at 328-7777. Reber re-elected Orville Reber of Burdett, was returned as the Alberta direc- tor for the PaUiser Wheat Growers' Association at the group's second annual meeting. John Fllatoff of Legion and Walter Moore of Oyen were named to the Alberta advisory committee for the organization. Walter Nelson of Avonlea, Sask. was returned to the posi- tion of president, with Art Thompson re elected first vice president and Vern Wild- ong second vice-president. CAMM'S GIGANTIC JANUARY SHOE STARTS THURS, JAN. 13th 9 a.m. FOR 9 DAYS ONLY OPEN THURSDAY AND HID AY UNTIl 9 P.M. MEN'S AND LADIES' GENUINE SEALSKIN BOOTS JANUARY SALE 20% fO OFF CHILDREN'S SHOES Nationally Advertised Savage and Clossmatts Reg: to ON SALE AT LADIES' AIR STEP SHOES Reg. to 23.00 ON SALE AT............ ONE TABLE OF SLIPPERS YOUR CHOICE JOYCE SHOES Nationally advertised. to All colors on sale. SHORT AND DISCONTINUED PATTERNS JANUARY SALE PRICES ONLY 12 DRESSY SEMI-CHUNKY HEELS Wild Woolleys, Savage, Reg. to Leu than 'A price. ON SALE AT........ ONE TABLE OF LADIES' GOLD AND SILVER EVENING SHOES i I I I I ON SALE AT ONE TABLE OF HANDBAGS FOR ONLY ALL SNOW BOOTS A GOOD SELECTION OF TEENAGE CHUNKY HEELS Keg. to ON SALE AT............... JANUARY SALE LADIES' AND CHILDREN'S 20% ONE TABLE OF SLATER AND GOLDEN PHEASANT DRESS SHOES Small sizes, narrow widths. Balance ef all nock....... OFF ONE RACK OF MEN'S SHOES ON SALE AT.......... ONE TABU OF LISA DEBS and SAVAGE DRESS PUMPS DiKontinutd linn. DlKOntinma1 pattern! Discontinued Reg. to ON SALE MEN'S FLEECE LINED DRESSY SNOW BOOTS Zipper cioW, all siies. Reg. ON SALE, ONLY SAVE A PAIR OPEN DAILY 9 A.M. 6 P.M. THURSDAY and FRIDAY 9 a.m. 'til 9 p.m CAMM'S 401 Jrh SfTMf S. SHOES I i CHESTERFIELD SUITES asd LOVE SEATS RED Tynan 2 Pee. Chesterfield Suite. Gold...... Tynan Modern 2 Pee. Suite. Asst. colors Kroehler 2 Pee. Colonial Suite. Asst. colors 2-Love Seats. Blue floral 2 Pee. Chesterfield Suites. Ast. colors...... CHESTERFIELD BEDS Pull Out Chester Bed. Asst. colors...... CHAIRS Recliner Chair. Blue Kroehler Chair. Velvet Blue..........'.., Kroehler Naugahyde Recliners. Asst. colors DINING ROOM SUITES 9 Pee. Modern Suite. Light colored wood___ TVs and STEREOS 19" Admiral Portable 25" Westinghouse Color. Modern Swivel Cabinet................. Modern Stereo. Modern style MAJOR APPLIANCES Westinghouse Gas Dryers. White Frost Free Fridge. White Admiral Side by Side Fridge Freezer. Copper] Westinghouse 10 Cu. Ft. Fridge. White BEDROOM FURNITURE Spanish Styled 3-Pce. Suite. In Oak. Double Chest. 54-60 Headboar Walnut Contemporary Styled. Triple Dresser- Chiff-2 Nights. 5440 Headboard Odd Night Tables-Chiffs and Dresser. Reduced up to LAMPS Candle Type Swag Lamps. While they last Standing Table and Swags. Reduced up to OCCASIONAL TABLES 3 Pee. Set Coffee and Two Ends. Kroehler Modern Broken Line Sets and Tables. Reduced up BEDDING Queen Size Mattress and Box Spring 4'6" Simmons Beauty Rest Back Care Mattress and Box Spring.............. 3'3" Capitol Deluxe Ensemble. Mattress, Box Spring and Headboard............ Capitol Deluxe Mattress and Box Spring Mismatched and floor display unih alia dixounted to clear including Scaly Potrurepedics CHROME SUITES 5-Piece Kitchen Suite. Red Spanish chairs .8 3 Pee. Kitchen Apt. Suite. Walnut Table ARPET ROLL ENDS CLEARANCE 1 Forest Hill Green, wool, sq. yd. 1 Red Shag, nylon, sq. yd...... 7B sq. yd. Plush Green-Blue, wool, sq. yd. 69 sq. yd. Hi low Green-Turq., nylon, sq. yd. MANY MORE TO CHOOSE FROM 1 Ozite Rust................ 64 sq. yd. Shag Gold, nylon ARPET REMNANTS 9'xl2'. Orange Nylon Plush............ British Indian Rug. Beige..... 13'xl2'. Indoor-Outdoor Carpet, multi color] 9'xlO'. Wool Beige Gold Nylon............... Light Gold Nylon Herculon Green Tweed British India Rug. Red ____ Rust Nylon..............r.. FREE DPJVERY IN OUR SHOPPING AREA SOUTH ALBERTA AND SOUTHEASTERN B.C. EASY FINANCING NO INTEREST CHARGE FIKST 90 DATS ON MIDGET FLANS FIRST PAYMENT DUE IN 120 DAYS On 5th StrMt S. Phon. 327-8578 CONVENIENT TERMS AVAILABLE! OPEN TILL 6 P.M. WEDNESDAY AND P.M. THURSDAY AND PRIDAYI HUNDREDS OF OTHER ITEMSI IITTM HURRY AS All MHCHANDISI II iUtlfCT TO PRIOR IALEI ;