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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 13, 1971, Lethbridge, Alberta 30 - THE LETHBRIDGE HERALD - Wednesday, January 13, 1971 ^ PRINCE AT PLAY - Prince Hiro of Japan swings a bamboo sword during a traditional mid-winter training session at Gakushuin University in Tokyo. The 10-year-old eldest son of Japanese Crown Prince Akihito wears a Kendo, a fencing uniform, for the session. Random poisoning action attacked GRANDE PRAIRIE (CP) - The random poisoning of wild animals in an attempt to halt the spread of rabies marks a return to the dark ages of predator control, Bob Guest said here. Mr. Guest, an artist and naturalist who is founder and president of Canadian Wolf Defenders, said the effects of wide-scale poisoning through aircraft-dropped pellets could result in effects worse than the disease itself. He said rabies Is serious but unfair blame and vengeance is foisted on wild animals. "The biggest problem with rabies Is domesticated animals which are allowed to run at large." ORAL VACCINE IDEA The proper action, admittedly loo late during the current rising incidence of rabies in Alberta, would be to develop a form of oral vaccine against the djsease, Mr. Guest said, adding he intends to take his idea to the government. "If we can send men to the moon surely we can do something like this, but the problem is that most government officials are so damned slow and cautious and afraid to take a chance." Deadline set for walkout at Chrysler DETROIT (AP) - The United Auto Workers has set a strike deadline of 10 a.m. Tuesday, Jan. 19 at Chrysler Corp. UAW President Leonard Woodcock said Monday the union's 120,000 members at Chrysler would strike then if agreement is not reached on a new contract. He made the announcement at a news conference after advising company negotiators of the deadline. International Communist Bank new creation COPS TURN BARBER TAIPEI, Formosa (Reuter) - Police became barbers to more than 200 youthr here Monday as they enforced a ban on long hair, the Central news agency reported. SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS5 ^Jvaditio n ally tlien tic January Round-up BRANDED BOOT SPECIAL! Clearing ? selection of quality brand name boots for work or dress wear. Some Kangaroo and top tipped models in men's and ladies' sizes. 25% Off Regular Prices RIIEY and McCORMICK'S POPULAR FAMOUS MAKERS Shirt Special Every shirt tak^n from our regular stock. THURS.-FRI.-SAT. ONIY ...... S88 Corduroy Jackets In colors to co-ordinate with the Western Slacks or Outfit. Sizes for the entire family. 12.75 23.25 Levi's Cord Flares For gals. Colors: Blue or Brown. Sizes 8 to 16. Regular 12.88. SALE PRICE . .. . ....... 8 .88 Riley & McCormick ^SERVING THE WEST SINCE 1901 Phone 328-5644 HEADQUARTERS FOR LEeTaNdIWPs" J^ATURI^ ALBERTA'S LARGEST STOCK CENTRE^illifl^FlvlAir PHONE 328-5644 Russia may compete on money market By ANDREW WALLER LONDON (Reuter) - The Soviet Union and its allies may be competing with Western governments and businesses on the international money market by the end of the year through the recently-formed Internationa) Investment Bank. * Although such Soviet banks as the Moscow Narody in London and the Wozchod in Zurich have been conducting a number of discreet operations over the years, loans floated by the international Communist Bank will be a major new departure. The creation of the new bank follows a growing belief here that if the Communist world is to expand and develop its massive resources it must call on outside capital. It also follows a generally more flexible approach to international financing. For the first time, the Soviet Foreign Trade Bank in 1970 joined a syndicate of Western banks to support a loan. It was being used to finance the export of Soviet equipment to Brazil. The new bank's chairman, Vi-tali Vorobyov, writes in the weekly Ekonomicheskaya Gaz-eta that its governing council will be empowered to "take decisions on issuing interest-bearing bond loans, placed on international money markets." WILL SEEK PROFIT The bank itself will be profit-making and operate in many ways like a capitalist international financial institution but Vorobyov stressed that unlike the World Bank its members will have equal voting rights- although none will have a veto. The International Investment Bank, which began operations Jan. 1, was formally set up in July, 1970. Comecon-the Soviet bloc's trade and economic co-operation organization-unites the Soviet Union, Poland, East Ger-many, Czechoslovakia, Hun gary, Romania, Bulgaria and Mongolia. Despite Romania's refusal to take part so far, Vorobyov hinted there were hopes it would change its mind when he wrote that the banks' authorized capital of $1,000 million could be increased if a new member joined. During the first two years, annual contributions from members would total $190 million, and the remainder would be paid in accordance with the development of the bank and the demand for funds Vorobyov said. Each country's share will be calculated according to the volume of its exports in their mutual trade. PLAN DIRECT ROLE Vorobyov said that unlike the Comecon bank the new institution would play a direct role in the creation and strengthening of the material and technical structure of the Communist countries. Its fundamental task is to provide credits primarily for carrying out projects linked with the Comecon policy of international, division of labor, specialization and co-operative production. Special attention will also be paid to expanding member countries' raw material and fuel economies and to '.he construction of joint projects. Financial sources in Moscow say they are certain that in setting up the bank the Comecon countries have a clear idea of what they plan to do, possibly down to the details of which projects could be aided by the infusion of capital raised in the West. The bank itself will make loans of between five and 15 years for capital construction to national banks or enterprises in member countries. But it will also be able to make loans to banks and economic organizations in other countries under a system set up by its government council, Vorobyov said. This would leave open the possibility that the bank could help finance projects in such non-member countries as Romania, Yugoslavia or Cuba, or even in the non-aligned world. The bank's loans, which will cany an interest rate varying with the period for which they are made and the currency loaned will only be granted for projects coming modern scientific and technical specifications, Vorobyov said. He said the Soviet Union had not joined the World Bank or other similar institutions mainly because it did not agree with "the undemocratic character of the solution of many problems." He said the biggest contributors, such as the U.S. with its 25 per cent share in the World Bank, were often able to exercise a decisive role. Stops breathing six times LONDON (AP) - Seven-week-old Jason Goodman has trouble breathing. In the last two weeks he has stopped doing it six times. But that's only a part of his vast experience with danger. In that time he also has survived a highway crash and starred in two 80-mile-an-hour ambulance dashes from the south coast to London. Two weeks ago, Jason stopped breathing three times in his home at Bournemouth. Three times ambulance men revived him. Next came a police - escorted ambulance run to London, where he was treated and sent home. Jason stopped breathing again. Ambulance men revived him a fourth time and ran him to a local hospital which forwarded him to London a second time. On the way, the ambulance was involved in a crash. Along the road to London, Jason stopped breathing two more times. With fingers crossed, London physicians reported today that Jason was breathing on his own and was "a little better." Two galaxies are discovered BERKELEY, Calif. (AP) -Astronomers using facilities at four observatories to track down a report about strange space objects have discovered two previously undetected galaxies in the earth's galactic backyard. The discovery is similar to finding that an apparently vacant lot across the street has been the site of an invisible house for many years. Location of the two galaxies, named Maffei 1 and Maffei 2, and their apparent size and distance from earth was reported Sunday in The Astrophysical Journal by astronomers from the University of California at Berkeley, the California Institute of Technology and the Carnegie Institution of Washington. The nine astronomers who wrote the article said that interstellar dust in the Milky Way Galaxy, of which earth is a part, has obscured the two galaxies and delayed their detection. The discovery means astronomers must revise their concept of what they call the local group of galaxies, those nearest earth. The local group previously was believed made up of five galaxies-the Milky Way, of which the sun is a minor star, the An- dromeda Galaxy and three smaller satellite galaxies. Andromeda is the nearest massive neighbor to the Milky Way and the most familiar galaxy in photos, science fiction and popular astronomy. But the article reported that Maffei 1 and Maffei 2 are only twice as far away as Andromeda-making them close indeed on the in-ter-gallactic distance wale. The astronomers estimate the new galaxies are about three million light years from earth. A light year is the distance light travels in one year, about 5.8 trillion miles. And the studies Indicate Maffei 1 may be as large or larger than Andromeda-the largest galaxy in the area of the solar system. Most galaxies-systema of stars and interstellar gas and dust-range in diameter from 7,000 light years to 150,000 light years. The Milky Way's diameter is believed to be about 100,000 light years. The newly discovered galaxies are named after a young Italian astronomer, Paolo Maffei, who reported in 1968 in an obscure scientific journal he had found two strange objects on infra-red photographs made at Frascati, Italy. The report set off the California investigation. N ^ COATS ^ PRICE SALE mmmimm Bretons, Clochei, Turbans, etc. Valour, Velvets. Values to $16.98. Baby Doll Pyjamas. Nylon Print. Sizes S.M.I. I % Price Plain and frosted. Ren. 39.98 ...... 19 Credit Is Yours At All Betty Shops On One Card I SPORTSWEAR ^ Name Brands, Silk Knits or For-trel. TOPS- Values to 29.98, FROM ....... SKIRTS- Values to 22.00, FROM ....... SLIMS- Values to 19.98 FROM ....... SKI PANTS Elasticized two way stretch, tapered leg. Navy, Green, Black. Sizes 10 to 20. Reg. 19.98 bettyshop CENTRE VILLAGE MALL ;