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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 15, 1972, Lethbridge, Alberta 10 TNI mHMIDOI HHUID The tax column Januiry II, Ottawa's role is questioned By I. II. ASPER Federal Finance Minister Benson and tat cabinet col- leagues have been prseented with an important opportunity to demonstrate the Federal government's sincerity of pur- pose in its tax reform plan. It can do that in one of two ways: by refusing to administer the Succession Duty System an- nounced by Saskatchewan, Manitoba, the three Maritime provinces and Newfoundland, or alternatively and, perhaps concurrently, by Informing those provinces that if they thwart the reform package by instituting a death tax, Ottawa will abandon the agreement to collect the provincial income taxes for the offending prov- inces. Stern medicine? Perhaps, but a review of recent tax his- tory justifies its application. in November, 1969, Mr. Ben- eon tabled his tax white paper. Following the dictum of the Carter Commission, it proposed that when one died, whether or not his heirs sold his assets to raise cash, his estate would face, in many cases, first, a special tax on depreciated as- sets; second, a tax on 100 per cent of his accumulated but un- realized capital gains; and Chord, en estate or death tax on what was left. It was soon demonstrated that In even the non millionaire's estate the combination of these taxes could produce a confis- cation of 75 per cent of an in- dividual's life savings; would force a sale of Canadian farms and businesses, often to non- residents or corporate giants; end could hasten the destruc- tion, in tune, of the notion of private property. EXAMINE PACKAGE The Senate and the House of Comtaonaieach appointed spe- cial Committees to examine the entire tax package. Both report- ed in due COUTH that the plan wan unduly onerous, nuking the point that one could not im pan such a aerere death tax load and still maintain a pri vate capital economy. In the end, Mr. Benson sai11 public and para-public Insti- tutions Thursday to withhold the contributions which nave been collected by the federal govern- ment since Jan. 1 when am legislation becomes effective. The Protettuit School Bofrd of Greater Montreal Is also holding premiums In trust until a ruling la mode some time in February. Recent federal government legislation sayi para-pubUc em- ployees and their employers must pay unemployment insur- ance contributions, from which they were previously exempt, because Ottawa does not consi- der them part of the civil serv- ice. Only civil servants directly linked to the. government or Crown corporations may be ex- empt from further cootribuUcoa under the new law. Differing interpreiatloni of what employees are included in the civil service bu sparked a dispute between Ottawa and Quebec. Quebec passed legislation hut July defining a civil servant 11 anyone employed by any body in which the government partic- ipates in negotiating work cm- tracts. Since the provincial govern- ment took part in wrrk contract negotiations for hospital as, teachers and other para- public employees, Quebec cnnil- ders them civil servant; for un- employment insurance pur- poses. U.S. angen Arab BEIRUT, Lebanon (AP) Foreign Minister Mahmoud Rlad of Egypt said Thursday the U.S. role in international politics has become one of "ex- porting Phantom WBiplanes to kill the people of Vietnam and the Arabs in the Middle East." On a brief stopover at Beirut airport, Riad said Egypt may have no option but to resort to force to liberate Arab lands oc- cupied by Israel. REGULAR CATTLE SALE C. E. FRENCH LIVESTOCK LTD. COMPLETE LIVESTOCK SALES AND SERVICE EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS SPECIAL FAT AND FEEDER CATTLE SALE WEDNESDAY AT 10 A.M. SPECIAL STOCK CALF AND FEEDER CATTLE SALE FRIDAY AT 1 P.M. NOTE: SPECIAL DAIRY PRODUCTION SALE UTHimDOI STOCKYARDS WEDNESDAY, JANUARY 26th p.m. 65 2-YEAR-OLD HOLSTEIN HEIFERS 40 of which will b. milking by Sola Day. 23 of whkh Al slrtd by l.C. Bulls For Infermitlen rtiwie 117-0101 121-1211 CONSIGN AU YOUR LIViSTOCK TO C. E. FRENCH LIVESTOCK LTD. IN TW HEART OF CANADA'S RANCHING COUNTRY Alberta Stockyards Phone 327-0101-Rot. 328-3986 P.O. BOX SS 1-1-7 UTHMIDOt M Fronch KM Mlllir 71M407 Magralh Lw 327-9541 C. W. H.nnlns.r 337-7154 IIVISTOCK COMMISSION AOINTS OKDIH IUTHS IXPOKTIKI in- eo ior cne expected reduction of in both Edmonton and Calgary The University of Calgary ex 73 petted full time dents in the current year bu got only The University of Alberta expected bu eoled up with 24.75 this week. All classes of weaner and feeder hogs met i good demand at steady prices. Good 8 to 11.75 light weaners 4.75 to 8; light feeders under 100 IDS. 12 to 16.75; feeders over 100 As. 16.50 to 30; medium quality dairy dews 226 U 260 each. Tatar LivMtock TABER On offer for this week at the Prairie Livestock Ltd. of Taber were head of livestock consisting of 510 cattle and 116 hogs. Trade was active with most classw Inkling steady. light feeder cows steady. Butcher cows down Stock cows and bred heifers strong. BuUj gained Heavy feeder steers and heifers steady. Steer and heifer steady. There were no heavy weaners offered. Light weaners steady. Light feeder noga up (2.00. Heavy feeder hogs up Light feeder cows 14.90 to 36.90; good butcher cows 22.90 to fair to medium cowi 21.50 to 22.25; itock cows and bred heifers 242.50 to 290. Bulls 25 to 26.25. Good yearling feeder steen over 859 pounds M to S3; under 890 pounds 35 to 38.80; good yearling feeder heifers over 800 pounds 30 to 32.70; under Winnipeg 24 to 25.85; Saskatoon 23.20 to 24.25; Edmonton 23.55 to '24.35; Calgary 23.40 to HHIH., at 1 p.m. Included In tha regular Monday, Jan. 17th will be 200 GOOD QUALITY RANCH CALVES 140 which an Mm ALSO ON STOCK COWS, FEEDER CATTLE AND HOGS fraud inquiry ordered OTTAWA (CP) Consumer Affairs Minister Ron Bagford has ordered an investigation of charges that imported car dealers misrepresent the model year of outdated ears left in stock each September. In a letter to MP Barry Mather (NDP-WMte Bock) released yesterday, ttie minister said on Investigation was required by the "serious nature" of the allegations made SMt November by the ttne-yearold Automobile Protection Astodt-bon. The association, affiliated with U.S. consumer advocate Ralph Nader, sejd Imported car letters "steel thousands of dolors" from customers buylDj old-model cars represented as new Dealers, they uld charge new-model prices for the con but at trade-in time the customer learns Ids vehicle d-i- Heath gaining j in popularity at LONDON (Beuter) A poll taken by the Opinion Research d Centre shows that Prime Minis-n ter Heath's Conservative gov-o eminent is gaining in popularity at on the Opposition Labor party. The Labor lead, which B. reached as Ugh as 25 per cent in the It months since the servatives oame to power, was reported at four per cent, down from 10 per cent a month ago. in tte poll Issued tun to olfand the A.I. tcheol to be held of tha Mama Hall and Livestock LIVESTOCK LTD. PHONE 271-1921, TABER DAY OR NIGHT AvctbnMn fain Manaatr CHAHTOM OARY JENSEN c-J Egg prices EDMONTON (CP) Weekly egg and poultry report issued 11 by die federal agriculture de-f partment. Eggs producers: A large A medium 38; A small 22; B 22; cracks STOCKMAN'S MARKET BUY TOP QUALITY To retailers: A large 54; 32 to 34.50. Good steer calves over a full year more han HOGS 34-39 C 31; cracks 32. (Three cente extra In 1 To oooMBert (hi A large 5941; A medium 56; A small 38-41. Poultry To Live No. 1 chicken broilers 22; 6 and over, 25tt; E and under 6, ffltt. Fowl-inner 4, 44. Turtov-Under 12, 25; 12 to U, X; OVW 18, !1L4. live No. 2 chicken broil-en 19; 6 and over, 22 W; 5 and inder 41.50 to 43.75; over 450 ]bs. 39 to 41.25; good heifer calves over 450 Its. 35.50 to 36.70; to to medium over 450 Ibs. 33.75 to 33.25. Light weaner hogs 5.50 to 10; ight 1 e e d e r hogs 18 to 19; heavy feeder hogs 19 to the companies author-king the alleged practice were Ford, British Ley land, Flat, Renault, Volvo tod the Nissan Company Ltd., nnDuracturers of Dttsun. The Nissan Company responded to the charge by saying oefr dealers were instructed to Dform the customer of the re-dating practice. "When we followed the ractice, we have cJwiys ex-fected our dealers to explain to Neir customers about this piracies in import sales to avoid any possible misunderstanding." Volvo of Canada Ltd., denies t redotes KB products. In a letter to Mr. Mather the company lays all of Its model years we learly Identified by serial num-er, tales contract and minor styling changes. A change in the model year of imported cars with few annual tyllng changes is usually designed by the manufacturer who hen informs the provincial ransport department.'; of the iate such a change takes fram leading hog producer! JpHA TUES., at 1 p.m. WIANHS FIIDIKS SOWS IOAKI DAIRY COWS IABY CALVES SHEIF SPECIAL! 200 ONE OWNER 3-WAY CROSS FEEDER HOGS (OP) Clos-ng average prices provided by the Alberta Hog Producers Marketing Board Friday: Edmonton: 24.83; avenge Thursday 24.61. fted Deer: 24.94; average Thursday 24.18. Calgary: 24.90; average Thursday 24.21. Lettbridge: No sales; average Thursday 24.62. Uoydmineter: 24.47; average Thursday 23.85. Grande Prttrie: 24.45; average Thursday 23.85. Total hog sales average 34.85. Total sows 50; average Hogt ammblvd 5 days a week Monday thru Friday Beef futures WINNIPEG (CP) Live beef futures Jit close Friday were: Jan., 36.00B; Mar., 34.90; May, 34.00B; July, 32.75B. Thursday's volume: 14 TOP QUALITY FEEDER AND FAT Thursday 1 p.m. 102 ONE-OWNER STOCK Cows and HEIFERS Includlnf black whltefaca towi A.I. bred to Froth Charelois-Drapeau. Thiie cowl will calva In March and April. 24 ft Frach recordable Charalali haifar Tbs average die of brown trout taken from Ontario waters Is one to tffo PICTURE BUTTE AUCTION MARKET Ideally latattd In ef a cattlo and Hat Xalilnf Country HOC alaaaBiaaaaaV Calf Swvlm available riMHRll. SSk Dafry -d Branding HWIJ Cattle Sale FAT CATTLE FMI IHIILC Order Buying J Saturday at 1 p.m. ALIERTA RANCHERS STOCK cow IJHp BRED HEIFER SALE .OlL Wed., Feb. 2nd-l p.m. EXPECTING 800 FEMALES OF VARIOUS BREEDS-ALL PREGNANCY EXAMINED Your wurct lor Tap Quality Ranch Ralnd Foundation ilwb Llnlnai Ntw lolng Atctpltd PERLICH BROS. AUCTION MARKET LTD. Ucattd In The Hub Of Sonthim Alborta'i llvtitwk Induttry Mlfa laK ef Mhorldao Hlfhway 3 and loulh BOX IOS7, LETHBRIDOE PHONE DAY OR NIGHT 321.1951 Wcdmsday at 1 p.m. v.Mrinary MARKET HOGS rMlne Pan. Monday thru hifermatlm