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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 14, 1975, Lethbridge, Alberta Tuesday, January 14, 1975 THE LETHBRIDGE HERALD 21 Interpreting the News Iran bids to widen Mideast influence WASHINGTON (CP) The United States, traditionally the mediator of Middle East accord, is watching closely as Iran manoeuvres to widen her sphere of influence in that area.-, Iran, a major 'arms customer and ally of the U.S., and a supporter of Israel in- sofar as she kept the oil flow- ing to that country throughout the Arab boycott, is siding with Egypt in her efforts for swift resumption of the Geneva peace talks on the Middle East. Western observers believe that Shah Mohammed Reza. Pahlevi of Iran has made his support conditional upon Egypt's endorsement of Iran's oil-price policies and of his ambition to make Iran a ma- jor power in the Mediterranean. Egyptian President 'Anwar Sadat's support of Iranian am- bitions is seen as a move to broaden the political and mili- tary support beyond that he has been receiving from Arab allies and the Soviet Union. One of the points upon which the shah backs Sadat is the call for Israel to return all captured Egyptian territories, including the Sinai oil fields which supply Israel with near- ly half its total consumption of petroleum products. The betting there has been no word on this point from that the Iranians would be ready to in- crease their oil shipments to Israel should she hand back the Sinai. The new pressures from Iran are seen by Israel as still another blow to her security. Israel, which had the sup- port and sympathy of most Western nations before the October, 1973, Arab-Israeli conflict broke out, feels it has few political friends left in the wake of the subsequent Arab oil cut-off.' Twenty-nine countries in Af- rica alone severed diplomatic ties. Western Europe, led by Israel's former arms sponsor, France, has increasingly taken a pro-Arab stance. Still more pressure is felt in Israel from U.S. President Gerald Ford's statement that the U.S. cannot guarantee Israel's security until there has been "some real progress" toward firm peace in the Middle East. One such move, observers here feel, might be for Israel to hand back the captured lands, including the oil fields. There is even some specula- tion that the in line with con- sider a guarantee that Israel would not go short of oil as a result of such a gesture. The U.S., which mounted a re-supply operation to Israel during the most recent Middle East conflict, says Ford's pro- nouncement represents no change in policy. Show airline ticket Barry Vanderberg, left, Fred Miller, centre, and John McKinnon of Thompson, Man., show an airline ticket from Thompson to Ottawa which they claim was purchased for them by the Canadian Armed Forces. The three men said last week they had been recruited as mercenaries to shoot blacks in South Africa. Their story was denied Monday by the man they alleged had hired them. Steve who arrived In Ottawa with the men, told RCMP and Ottawa police that it was just "a drunken escapade." Railway subsidies may be justified OTTAWA (CP) federal subsidies for rail pas- senger service may be justified if public benefits are greater than the cost, economist Ronald House said Monday. Mr. House, a York Universi- ty professor, suggested to the Canadian transport commis- sion that the outlook for rail passenger service in the next 10 years is gloomy unless there is a change in govern- ment policy. All transport methods are subsidized in some way by the taxpayers, he said. He urged the transport commission to find out which form of Iran-, sport would benefit most from increased subsidies. Mr. House was appearing for the Consumers' Associa- tion of Canada (CAC) at a commission hearing on a CAC request for permission to appeal higher fail passenger fares which are to take effect Wednesday. The association also is ask- ing for a 120-day delay in im- plementing the higher fares to allow an appeal hearing. The Canadian National Rail- ways has filed new rates which would raise fares an average of 10 per cent for inter-city and transcontinen- tal services. CP Rail fares are to rise an average 15 per cent. Mr. House said that rail pas- senger fares have risen more rapidly in the last 10 years than bus and air rates. This had obviously helped dis- courage passengers. With railways having to pay 29 per cent of losses on uneco- nomic passenger services there was no incentive to im- prove service. The federal treasury pays up to 80 per cent of losses on service the tran- sport commission judges un- economic. Railway passenger service is unlikely to be profitable with current technology, Mr. House said. Railways last year had to absorb big wage increases, he said. But wages were unlikely to rise as rapidly in the com- ing years as the economy was not expected to be as buoyant as it was. Fuel increases would hit the air industry harder than the railways. And economists around the world expected fuel prices to continue rising sharply. This would be' to the advantage of railways com- peting with airlines. Mr. House said improved rail service presumably could pick up a large slice of passenger traffic on routes like TorontoMontreal. Tests resumed WASHINGTON (Reuter) Defence Secretary James Schlesinger has directed that urine tests for drug abuse be resumed in the United States armed forces. Hearing Aid Workshop LETHBRIDGE Tuesday, January 14th Wednesday, January 15th and Thursday, January 16th a.m. to p.m. GOLDEN WEST MOTEL Mayor Magiath Drive and 12th Avenue South MR. IRVINWIRTZFELD and MR. STAN HILL Inittindaneilor SERVICING REPAIRS TESTING FRESH BATTERIES ADVICE If you can't in, call for appointment. No obligation. Thla Service Centre la available for wearera of all makea. PMM 262-2838 HEARING AID CENTRE 212 LoughMd BMg., Calgary PRAY FOR RAIN MADRID (Reuter) Village priests are calling, on their congregations to pray for rain as experts predict a months-long drought which could bring disaster to Spanish farmlands. Light rainfall during the weekend over a vast drought stricken arc of central and southern Spain and over the parched fields of North Africa failed to dispel fears about the continuing effects of the dry spell. The of the worst this already caused damage unofficially estimated at million in Spain, where 20 provinces have been declared disaster zones. THE OSHflKIR CONNECTION is coining Healing Substance... Shrinks Piles, Checks Itch Exclusive healing substance proven to shrink hemorrhoids...and repair damaged (issue. A renowned research institute willi a healing substance (Bio- has found a unique healing sub- Dyne) which quickly helps heal stance with the ability to shrink injured cells and stimulates hemorrhoids painlessly. Il re- yrowlhofnewiissue. Bio-Dyne is licvcs itching and discomfort in oll'ercd in ointment and supposi- mimitcs and spL-eds up healing tnry form called Preparation II. of the injured, inllameil tissues. Jin addition to actually shrink- One hemorrlioidal case his- ing hemorrhoids, Preparation II tory after another reported lubricates and makes climina- "very striking improvement." lion less painl'iil. It helps prevent Pain'uas promptly and yently infection uliich is a staled cause actual reduction or of hemorrhoids. And most Preparation II Suppositories or improvement was maintained in preparation 11 Ointment a cases clinical observations special were continued over a period of Satisfaction or your money many months. Furthermore, rcrUIKjcti these tests and observationswcrc made on patients willi a wide variety of heniorrhoidal condi- tions. All this was accomplished Preparation ETj If you had a savings plan that gave you high interest and let you tax dollars, you'd call it sniiirt. That's what we call it. Introducing We figure with inflation and-taxes taking more and more of your earnings, it's become harder just, to get by now, let alone save. That's where the Commerce SMART registered savings plan comes in. The SMART plan is really a double-barrelled savings plan. It not only gives you good compound interest rates on the money you save, but it also saves you some of the money you'd normally pay on income tax. For example, if your taxable income is and you put into SMART you'd only pay taxes on You see, since the SMART plan is registered with the Government, the Income Tax Act lets you deduct a certain amount from your income and lets you accumulate this money tax-free-until you really need it. Your accumulated savings will be treated as taxable income in the year they are paid out to you. At the Commerce we think a plan that allows you to SAVE MONEY AND REDUCE TAXES is smart. Which is why we named our plan the way we did. 'I smflirr Jave fftoney And Reduce How much money does it require to start? The minimum contribution has been set at And you can contribute as often as you like. The amount you wish to save (within allowable limits) is entirely up to you. You may, if you choose, make a single lump sum deposit. Alternatively, the Commerce can make it easy for you to save systematically regular transfers from your chequing or savings accounts can easily be arranged. What's the best age to start contributing? You can begin at any age so long as it's before your 71st birthday. In fact, the sooner you start the better. Because, how much you end up with in your Registered Savings Plan depends on how long your money has been accumulating as well as the amount you've contributed and the interest rate you earn. For instance, if you started saving a year at age 25 and assumed an average compound interest rate of your retirement savings would amount to at age 65. On the other hand, if you waited until age 45 and contributed a year at the same 7% compound rate, your savings would only total even though you had contributed exactly the same amount So you see, the whole idea is to let your money keep working for you as long as possible.' Can you make withdrawals from your ifflflRT plan? While withdrawals arc not permitted you may de-register your Plan. At that time, your accumulated savings will be treated as taxable in- come in the year received. However, you may use your savings to purchase an annuity thereby spreading your taxes over a number of years. Is sm ft RT the plan for you? The Commerce SMART registered savings plan makes a lot of sense for just about everyone. It doesn't matter whether you're a successful businessman, a busy working wife, a young family man, an active career girl, or someone who's just interested in a good savings plan. Ho wean you start sniART? Come to the SMART Information Centre located at the Commerce branch nearest you. We'll be glad to help you set up your SMART plan or give you any further information you may need. Commerce IfllART registered savings plan ;