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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 29, 1975, Lethbridge, Alberta Wednaiday, January 29, 1975 THE LETHBRIDGE HERALD 11 World oil prices freeze proposal TORONTO (CP) The manager of the Canadian Petroleum Association says a proposal to freeze world oil prices at current levels is "unacceptable" because the price is too high. Hans Maciej, of the Calgary based association which represents about 200 Canadian oil companies, said in an interview here that the proposal by the Organization of Petroleum Exporting Countries (OPEC) would not save Canadian taxpayers any money. "It's a hopeful move towards stability, but it still has to be unacceptable to in- dustrial the price would be frozen at too high a level, Mr. Maciej said. He said Canadians must "go to work at making sure of our own'self-sufficiency in oil" to avoid playing into the hands of the OPEC countries. March recall for laid-off Ford workers DETROIT (AP) Ford Motor Co., predicting an upturn in the depressed auto market this spring, says it plans to recall thousands of laid-off workers beginning in March. Vice-president Robert Hampson said Tuesday company layoffs, now totalling of Ford's hourly- paid workers, have peaked: "I hope that by March and April we will see some recall of people on indefinite layoff and then a gradual improve- ment in the spring." Ford has workers on indefinite layoff, many of them jobless for nearly a year. The company also has workers at 27 plants made idle this week due to cuts in production. More than a third of the auto workers in the U.S. are oh layoff this week due to poor sales. Ford is the second automaker to predict a second-quarter rebound for the industry, now mired in its longest slump since the Second World War. General Motors, the largest auto firm, said last week it plans to recall laid-off workers this spring, when sales are ex- pected to pick up. GM has about of its hourly workers on indefinite layoff and another idle for just this week. Hampson said he is encouraged by the effects of cash rebate plans on new models. Alcan layoffs to rise VANCOUVER (CP) an additional 160 workers Alcan Aluminum Ltd., .an- its Kitimat, B.C. nounced Tuesday it will lay off Alcan regional manager C eaiH hi, tho emit 'week the company will YOU CAN CHANGE laid off 200 people because of cutbacks in aluminum production. He deteriorating marketing conditions. only Tom didn drink aft much "If Dick would company had planned a reduction of tons in the xtop worrying uboul money rate of production of "If Hurry would pay more ingots at the lion in the children at Kitimat and at Ar- counselor's offices are full Isle Maligne and wives asking how they can get (heir husbands to change. And full of husbands who have all in Quebec. The reduction now has been' same question about their wives! Do your mate's habits to an annual rate of tons, with the entire times make you, He taking place at be changed, say family first you must make some changes in yourself! Read how YOU CAN CHANGE YPUR HUSBAND. One of total work force at Kitimat, the smelter town, and Kemano, the power plant articles and features in the is about including ruary Reader's Digest. At and hourly rated newsstand Thursday January 30th Exhibition Pavilion, Lethbridge Registration a.m. Hearings a.m. Your views are needed on land use for Alberta. Plan to attend the public hearing in your area! Before making its report to the Alberta Government, the Land Use Forum will want to receive the views of every interested Albertan. This hearing will be an opportunity for presentation of oral views; briefs, and submissions by groups or' Individuals. UNO USE FORUM The proposal to freeze oil prices at current levels close to a barrel for the rest of 1975 and base increases over the next five years to a world inflation index was presented at the close of a 13 country OPEC conference Sunday. The cost of imported oil to eastern Canada consumers is currently frozen at a barrel under federal sub- sidies. Leonard Waverman, a professor of economics at the University of Toronto, said the proposal would "guarantee a higher price of oil while most other com- modities on the world market are falling rapidly." He said in an interview that Canada should ignore the proposal. He said OPEC countries have made similar proposals in the past and then broken the agreements. Consumer discount legislation proposed WINNIPEG (CP) Plans for legislation to allow con- sumers to receive discounts when they use cash rather than credit cards were an- nounced Tuesday by federal Consumer Affairs Minister Andre Ouellet. Mr. Ouellet said the propos- ed legislation, to be introduc- ed during the current session of Parliament, would outlaw contracts between credit card companies and retailers which prohibit discounts for cash purchases. Also announced were plans for legislation to require the licensing of all money lenders "to prevent loan-sharking" and other measures aimed primarily at protecting lower- income persons. Mr. Ouellet said the bill would contain provisions to help low-income workers ob- tain small loans, to regulate interest rates charged by lenders offering advances against income tax refunds, and to help homeowners pay off their mortgages quicker. The minister made the an- nouncements at a fund-rc'.sing breakfast for the Liberal Par- ty in Manitoba. Kaiser declares dividend VANCOUVER (CP) Kaiser Resources Ltd. has. declared a quarterly dividend of 15 cents per common share payable on March 24, 1975 to shareholders of record at the close of business on March 7, 1975, it was announced here. Edgar F. Kaiser, Jr., presi- dent and chief executive of- ficer, said the dividend is the first to be declared by the company since its incorpora- tion in 1967. The company also reported consolidated net earnings for 1974 of or a share, including an extraor- dinary income tax credit of or 48 cents a share from tax losses carried forward. Record sales WINNIPEG (CP) Record sales of billion of life in- surance and annuities in 1974 were reported Tuesday by Great West Life, an increase of 26 per cent over the previous year. J. W. Burns, company president, reported following a board of directors meeting that business in force as of Dec. 31, 1974, totalled billion, up 19 per cent over 1973. NEW POLAROID CHIEF CAMBRIDGE, Mass. (AP) William J. McCune, 59, has been nominated as president and chief operating officer of Polaroid Corp. His nomina- tion is expected to be confirm- ed at a board meeting in February. 'Wear Everywhere' Polyester Knit Suit 'Laurentian' for the Busy man Of Today! Regular Woolco Price EACH 69-77 NOW! EACH Polyester Double- Knit Dross Slacks B. The smart looking jacket that takes you anywhere. Single- mt breasted styling with 2-button front; centre vent; 2 lower patch pockets. Fully lined. In Navy, Brown and Wine colours. Sizes 36 to 46. C. Fancy patterned pants are the ideal co-ordinates for your new solid colour blazer. Deluxe make with harmonized trim; French fly; top pockets and 2 back pockets. In assorted colours. Sizes 30 to 42. A. Special grouping of versatile 100% Polyester knit suits in broken size and colour selection. Fashioned with 2 button front; centre vent; wide lapels; 2 lower pockets with flaps and- breast welt. Exciting fancy Neats, Checks and Plains. Colour selection varies with size. Great Value on Wool and Wool Blend Suits Reg. Woolco Price 88.88 EACH B. Wool Wool blends are made for warmth, es- pecially during cold, Canadian winters. Suits are styled in single-breasted fashion; patterned in Neat and Glen Checks. Take advantage of this cold weather offer now, while prices are Tow. Sizes and colours vary with style. 100% Polyester Knit Blazer 19 W Shopping Mall M2S Mayor DEPARTMENT STORFS a.m. to p.m. 1 (Thur-dn Friday a.m. to fcOO p.m. WI BUIRVI TH1 RIGHT TO LIMIT QUANTITIES i.m. to p.m. Hi MIlMMHR SATISFACTION GIUMNTEEO Bl N U ;