Lethbridge Herald, The (Newspaper) - January 15, 1975, Lethbridge, Alberta
40-THE LETHBRIDGE HERALD Wtdnndiy, January 15, Report says investment restriction not in Alberta's best interest Native conference set for Edmonton EDMONTON (CP) Plac- ing restrictions on foreign in- vestment in Alberta would not be in the province's best inter- est, says a legislative com- mittee report. The report, released Friday by committee chairman Julian Koziak, Progressive Conservative member of the legislature for Edmonton Stralhcona, said that without foreign capital the province could not obtain its economic objectives. The objectives include fill- ing jobs in the 1970s and early '80s, upgrading skills for greater productivity and im- provement of technical and management opportunities. Also on the nine-member se- lect committee of the legislative assembly on foreign investment were Don Getty, minister of in- ter-governmental affairs. Al- berta NDP Leader Grant Mot- ley, four other Conservative MLAs and two Social Credit MLAs. Mr. Notley said Friday he would present a minority report Monday, taking issue with some-of the report's conclusions. The report said that rather than restricting foreigners from investing in the province's industry, incen- tives should be created to en- courage Albertans and other Canadians to invest in in- dustry. It recommended "that the Alberta government reduce personal income tax rates and continue to not levy estate, gift, and sales taxes" in an ef- fort to encourage greater par- ticipation in the ownership and control of the province's industries. The report also recommended a number of measures to "provide a proper climate for in- vestment." First on the list was the con- trol of inflation. Current high rates of inflation, coupled with a sagging stock market, encourage investors to put their money into term deposits and commodities. Secondly, profit should not be treated as. if it were something evil, says the report. "Profit is the reward for taking risk. The greater the the greater the expecta- tion of profit." While Alberta's income tax, at 36 per cent of basic federal tax, is not the highest in Can- ada, "present provincial budget surpluses indicate an ability to reduce provincial personal income tax rates The report said the province's investment climate should be promoted by elevating the role of the Alberta Stock Exchange in Calgary and by persuading companies doing business in the province to list their shares on that exchange. The provincial corporate tax.structure should be deliberately set out to en- courage investment in secon- dary and tertiary industries to diversify Alberta's economy. The report also took a swipe at recent federal actions in the natural resources field. "Nationality of ownership is not necessarily assurance of conduct in Alberta's best it said. For example, Canadian- owned and controlled railway systems had not served Alber- ta's objectives. In addition, proposed petrochemical development at Sarnia, Ont., in which the federal government holds a substantial com- pletely detrimental to Al- berta's goal of establishing a world-scale petrochemical in- dustry in the province. Discussing the federal government's Foreign Invest- ment Review Act, the report said that none of its legislative restrictions would be as effec- tive, particularly in the mineral fuels sector, "as the cumulative effect of recent federal government policies in energy." These measures will reduce the flow of foreign capital into Canada for energy ex- ploration, development and production, says the report. OTTAWA (CP) A twice- postponed national conference on native people in conflict with the law will be held in Edmon- ton next month, attracting both government and native leaders The Feb. 3-5 meeting will be the most ambitious attempt ever held to discover why so many native people end up in prison. All the major native organ- izations, national and provin- cial, are expected to be repre- sented as well as three federal ministers and at least one from each province. The meeting is the fulfilment of an idea first a federal-provincial conference on corrections held here a year ago. A communique issued by federal Solicitor-General War- ren Allmand and solicitors-gen- eral and attorneys-general of the provinces said: "Ministers expressed concern over the urgent growing prob- lem of the disportionate number of native people sentenced to prisons and penitentiaries. "While the basic causes of this problem are rooted in the cultural differences and the socio-economic conditions of our native people, ministers agreed that many short-term measures dealing with native offenders could be adopted." HOLD SPECIAL MEETING The conference had agreed to hold a special conference last summer but that had to be post- poned until September because of the July federal election. The September meeting was post- poned until next month at the request of native organization leaders. The coming meeting, titled National Conference on Native Peoples and the Criminal Jus- tice System, will seek to iden- tify problems that result in na- tive people running afoul of a legal system operated primari- ly for and by whites. This identification process will be done in the first two days of meetings at which native representatives can air their views. On the third day, Feb. 5, the federal and provincial ministers will meet alone to dis- cuss what they have heard, decide on priorities and start work on plans to correct the sit- uation. The federal government will be represented by Mr. Allmand, Justice Minister Otto Lang and Indian Affairs Minister Jud Bu- chanan. SPONSOR NATIVES Under plans already drawn up, each government will spon- sor a maximum of six native representatives. As each gov- ernment is limited to six par- ticipants, there is no way that native representatives will be, in the words of one federal in- formant, drowned in a sea of of- ficialdom. Plans for the meeting have been drawn up by a group made up of representatives of the federal solicitor-general's, In- dian affairs, justice and state secretary's departments and the National Indian Broth- erhood, the Native Council of Canada, Inuit Trapirisat, the National Association of Friend- ship Centres and the Native Women's Association. Prices Effective Until Closing Saturday, January 18th, 1975 We Reserve the Right to Limit Quantities. CANADA GRADE A BEEF Chuck Roast GRASS FED BEEF! NOW AT IGA! If the best in economically priced beef, IGA offers unfinished grass fed heifer beef. This beef is Canada Grade A1 or A2 and with our famous Tablerite trim we know that you will enjoy every pound IGA FROZEN FOODS Cross Rib Roast Canada Grade A Beef Sirloin Steak or CLUB, Canada Grade A Beef Ib. 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