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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 17, 1972, Lethbridge, Alberta GETS HER BEAR A girl getting her man U on old a bear? Sixteen year old Anne Marie F'michetll of Chapleau, Ontario, not only did It but bagged her 325-pound trophy with bow and arrow during this year's teason on black bears. Mansion for sale PARK (Reuter) The Duke of Windsor has put the Moulin ie la Tuilere, his country man- sion at Gif-sur-Yvette near here, up for sale at his sec- retary saM here. The con- verted IBth-century rnill is com- pletely modernized and equipped with a heated swim- ming pool. HOUSE OF BEAUTY Freda Walton Is pleated to announce MR. BRUCE ROBINSON, formerly of Nar-Del Wig and Beauty Salei of Calgary IS NOW ON THE STAFF Of THE HOUSE OF BEAUTY, COUEGE MALI Mr. Robinson has 25 yean experience specializing in alt fines of hair styling. For appointment 326-4141 Business Spotlight New breed of real estate agent OTTAWA (CP) A new breed of real estate agent btt. emerged In the but 10 yean. Today's agent ipendi more tune toying to tell a house to neopta win think they should have a bouse than in suggesting that prospective buyers pay matt then they in- tend, Ottawa real estate broker Lee Kate. Mr. Keillor, president of the Ottawa Real Estate Board, de- scribed in an interview what he sees as a trend to highly-quali- fied real estate agents who pro- vide comprehensive service to clients. Ten or 20 years ago, there Were few signs of this new breed, he said. But the industry still had to overcome the image given it 10 to 20 years ago, be- fore regulations governing real estate agents were tightened. As long as an applicant "was over Zl years and breathing and warm, he coiild get a Mr. Keillor recalled. Persons could operate corner grocery stores and sell bouses part-lime in the evenings without any qualifications. Today the law prohibits such part-time selling. Licences are granted only after successful completion of a one-week train- ing course. These ani other advances were achieved through pressure from the industry Itself, said Mr. Keillor. Real estate boards had also adopted and quietly en- forced codes of ethics, aware that one or two greedy agents "can do tremendous damage to the real estate industry." Ontario real estate agents were pushing the provincial de- partment of financial and com- mercial affairs to extend the one-week minimum training pe- riod to three weeks. But today's real estate agent usually gets far more training than the minimum one week, he said. Many prospective agents receive tome training before the one-week come. Most broker- age firms add a training pro- gram after the week. The agent can spend two yean of part-time study (or certificate and another three yean or to of iriversity courses to become a fellow of the Real Estate Institute of Canada. About persons are fel- lows of the institute, Mr. Keller laid. He predicted that gome Canadian universities will soon offer arts or buaiKss adminis- tration degrees wifii majors In real estate, as some U.S. uni- versities have done. A univer- sity degree might eventually be required for all agents. In addition, almost all real es- tate boards were improving their libraries and and aemiaari. Mr. Keillor described nine considerations involved. In pur- chasing a house. The agent checks that the would-be buyer Is'legally and financially qualified to buy aside from complex task of determining what type of neigh- borhood OK family wants to be in, whether it will use buses often, what nearby facilities like gymnasiums are needed for rec- reational activities or hobbies. On top of this the agent must be aware of bylaws, building codes and changing mortgage interest rates. A related task is ensuring that the purchaser is not "sur- prised" by the many costs asso- ciated with a new home-legal costs, taut, betting and hydro costs, moving expeoM. 'The people most vulnerable to these are those with little accumu- lated capital, who may have Just enough for a small down payment on a low-priced house. In short, says Mr. Keillor, the agent must be versed in many sometimes he has to be a baby-sitter." In Ottawa, real estate flrnx charge the seller five per cent of the sale price as commission when the property is listed with only one agency. When there is a multiple listing, the commis sion is 5% per cent. In ether parts of the country, the com- mission can run up to seven per cent. Rent-a-womb offspring scheme nears reality By KEN KELLY Canadian Press Science Writer OTTAWA (CP) Rent-a- womb offspring and test-tube babies Will almost certainly make their debut in the decade, predicts Dr. Charles R. Scriver, a Montreal geneticist. So mankind should consider right now whether the draw- backs of his machine creations wffl be repeated with ttiese human' creations. "We already have culty adjusting to the machines we have created to do tilings for Dr. Scriver said at a semi- nar for science writers. "I ask you to consider the dif- ficulties we may have with clone drones." Dr. Scriver was talking about human beings "engineered" to display desired characteristics or perform special functions. Genetic techniques now exist to grow human cells and to sub- stitute their genetic materials for the- genetic material in a fertilized egg. The result is a clone. To manufacture a clone drone would mean selection of genetic material from humans particu- larly suited to certain tasks. Dr. Scriver suggested it is not the techniques themselves that need worry man but their appli- cation for such things as clone drones. He said he thinks it appropri- ate to consider the "rent-a- womb concept" for couples un- able to have children because the wife cannot for medical rea- sons produce a healthy child. An egg from the wife could be externally fertilized with the husband's sperm and implanted In a woman able to carry the child for a rail terra. This was just one of a variety of techniques of circumventing, correcting or coping with genetic diseases which now af- fect two per cent of children bom in Canada. At one time, one per cent of persons in mental hospitals suf- fered from genetic disease, each one costing society from to a year. This burden now had been shifted outside the Institutions, at perhaps a year, through early recognition and control of the disease involved. Dr. Scriver, director of the deBelle Laboratory for Biomedi- cal Genetics, called for greater financial support of genetics re- search. Start using the Government's own rules to save a bundle on income tax. 17. iHt tcmMiooi Heft's a perfectly legal way to use the Government's own rules to save on income tax. The Government-has a law that says in you save now for'your retirement, -we'll let you pay as much as into a registered retirement savings plan, and we'll let you knock it off your So you merely lower taxable income by putting up to in our regis- tered retirement savings plan and don't pay the tax on it. Say you're married, have two children, and earned fifteen thousand in 1971. Depending on the province you live in your tax saving could amount to which is a bundle in any man's language. To top it all off, the money you save can make more money. Essentially there are four ways you can do this. You can have us invest it in stocks. You can have us invest it for a guar- anteed rate of interest. You can have us invest it in income producing bonds and mortgages. Or you can divide your money up using any combination of these three alternatives. The beauty of it is: You can actually control the combination as your needs change over the years. For instance you could invest in stocks for several years, for long-term growth. And then as you get closer'to retirement you might want to switch to a guaranteed interest rate. You can-change your combination again and again. This means your plan is flexible at all times. And you can get your money out when you want it. When you eventually 'choose to withdraw it, you have to pay taxes on it at that time, of course. But this is what's most important. You pay tax on your money when you decide to pay it. This means later, when you're likely in a lower tax bracket. This has led some to call this plan a tax shelter. One fellow we know plans to pay into it for several years, watch it grow, then take it out to replace normal in- come while he lazes in Majorca. But let's face it, the real benefit comes from leaving it in 'til you retire. It's especially valuable because we don't have a lot of salesmen out making calls, therefore you don't have to pay sales commissions. Just call us to get started ..But don't put it off. You can't deduct any deposits from your 1971 income after Tuesday, February 29th. So fight fire with fire. Make the rules work for you. Save a bundle on income tax. Phone us now! n Canada Trust 3rd Ave. at 7th St. The BIGGEST January Sale EVER TO HIT LETHBRIDGE rfHITH We have one in your size PORTABLE TABLE MODEL CONTEMPORARY STYLE TABLE MODEL ROMMOtOii CONTEMPORARY STYLE MITH'S 136 13th St. N. Phone 328-1235 COAIDALE Phone 345-3371 CLOSED AIL DAY MONDAY OPEN THUDS, and FRI. Till 9 P.M. ;