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Lethbridge Herald Newspaper Archives

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Lethbridge Daily Herald, The (Newspaper) - July 7, 1971, Lethbridge, Alberta THE IETHBRIDGE HERALD July 1971 Draft new rules for taxing investments investment said a regulation will be OTTAWA CP The finance department intends to draft new rules for taxing the approxi mately Canadians whose principal source of income is from Under current tax the casual investor in the stock market escapes tax on any of his trading profits so long as he dees not make a busines of in vesting Under the revised tax plan Finance Minister Edgar Benson proposes to take effect next such capital gains will be taxed at half the normal rates of personal income But taxpayers who make a business or occupation of invest ing now are required to declare their capital gains as income as they are taxed at full income ax If this continued under the new tax they would be at a tax disadvantage jompared with the casual inves In the latest year for which detailed statistics are there were taxpayers who filed returns under the general occupation heading of Of were They had total incomes of and the break down of their sources of income indicates the kind of investors they They earned 366 million in mil lion in bank and bond interest million from and million from Their wages and salaries in by totalled only and they had million income from old age the Canada and Quebec pension and simi lar the inves tors paid per cent of the countrys personal income tax bill in And they repre sented per cent of the nearly seven million taxpayers who filed returns that The number of returns filed this year for 1970 income taxes ap proached nine Under the new tax if no special provision was made for these investors would pay axes on all their investment in ome at full tax running om about 22 per cent on their rst of taxable income up j 61 psr cent of anything in xcess of But the taxpayer whose prin ipal source of income was employment or selfem loyed business would pay full ates of taxes on only that in and halfrates on his cap A finance department source In the Centre of Things JULY 7 VIMY LOUNGE ANYTHING GOES JULY 10 VIMY LOUNGE VAGABONDS JULY 9 BEAVER ROOM 9 Ps JULY 10 BEAVER ROOM MOORE TRIO Royal Canadian Legion GENERAL STEWART BRANCH 4 FOR MEMBERS AND GUESTS said a regulation will be drafted to modify the tax treatment of investors under the new tax probably by classifying that part of the investors in come as normal income and the remainder as capital gains for halftax NAME ORIGIN The community of Monte is so named be cause mountains can be seen in all Marriage ends for Streisand SANTO DOMINGO AP Actor Ellioit Gould and singer Barbra Streisand were divorced Tuesday in this Dominican Re public after seven years of who appeared in MASH and other came to Santo Domingo last Wednes day with his pregnant girl Jennifer His lawyer said Gould planned to marry Miss Bogart as soon as possible after the Crisis protests upheld QUEBEC than 100 complaints by persons ar rested or raided under the War Measures Act during last falls Quebec kidnapping crisis are I compensated by the government Saskatchewan crops good REGINA CP The over all crop prospect in Saskatch ewan has shown a vast im provement during the last two the Saskatchewan Wheat Pool said The in its weekly crop said that given favor rble conditions to harvest the crop should be a good av Rain was received in most areas last week with the aver age for all stations reporting nearly one There some exceptions with moisture still needed at Moss Wood M a r e n g North Battleford Denholm and Carrot ustified and entitled to com the national assem jly was told In his second annual abled by Justice Minister Jer o m e Ombudsman Louis Marceau said 103 of 238 complaints were for the most part Choquette promised in March that persons unjustly ar rested during the crisis will be Falls to death TORONTO CP John a Toronto window fell 15 storeys to his death when he slipped getting into a bosuns chair while working on an apartment from a fund of When he prepared the compensation in 26 cases had been accepted by the justice Nearly 500 persons were ar rested under the but only about 60 were The public protector said the 103 complaints came from per sons arrested and incarcerated but later released without any charge against from those who submitted to raids or seizures or who owned places damaged during police opera LONG SEASON Warm winds coming up Grand Valley encourage a long fitut growing season around FESTIVAL OF SAVINGS ThursdayFridaySaturday LUNCHEONETTE FEATURES COLD VIRGINIA HAM PLATE With roll and CHEESEBURGER PLATE with tomato golden trench cole slaw GRILLED CHEESE SANDWICH with french 70c GIRLS AND BOYS BOXER SHORTS Assorted Sizes SUMMER I SPECIAL ONE SIZE FITS ALL PANTY HOSE OUR REGULAR PRICE 56 100 stretch nylon Stretch brief tops seamless stretch stockings with nude THONGS FOR SUMMERTIME CHILDS Cross strap in Blue Sizes 6 8 LADIES Vstrap with flower Sizes ODD REGULAR PRICE lif C HOLIDAY PORTABLE 7 solid slato devices Pulls far away batteries carrying strap Ono ycnr guarantee on parts RUBBER PLANT AND PLANTER KRESGE SPECIAL PR ICE COMPLETE Choose your favorite 24 rubber plants come in smart Debutante Jardi 9 PIECE PLASTIC SALAD SET Dole out those tempting summer salads 1 large 6 individual serving bowls plus a serving spoon and fork to aid youl KRESGE SPECIAL PRICE 17 SCOPE MOUTHWASH 24 x 42 POLYESTER SHAG RUG Long wearing rug in that favorito tweed effect and featuring a border design Pumpkin or KRESGE PRICE DELUXE BABY SEAT Ideal for ceding or carrying Avocadtt or Comes in a re usable pnly bag with Venereal disease on rise OTTAWA CP Reflecting a sharp twoyear increase in incidence of ve nereal diseases rose last year to per of Canadas from per in the Dominion Bureau of Statistics The report covered only those diseases because they are must be re ported to government authori The last revised in covers approximately 50 including tuber typhoid fever and ra Next to the venereal dis measles had the highest I incidence with cases per population last compared with in Another showing a sharp in crease was or Ger man with cases per last compared with in There were cases of venereal diseases reported in compared with in The number of cases of syphilis reported has been growing slightly after being re duced between the years 1964 and But there has been a sharp increase in gonorrhoea in the last two Extraordinary increases were reported in the Yukon and Northwest The venereal diseases rate in the latter was reported last year at per popula Deaths from syphilis last year numbered or two tenths of one per pop and none were in the Yukon or Northwest Terri Deaths from other ve nereal diseases were too few to measure as a rate per and none occurred in the ITV HIGHLIGHTS WEDNESDAY MOVIE 0 7 satire on psychiatry and the battle of the Stars David Niven and Ginger COMEDY Flip 7 13 Guests tonight are Bill Nancy Wilson and Claudine HISTORY It Was A Very Good 8 7 Tonights focus is on the year of Jewish attempts to enter Palestine and the New York Yankees and Brooklyn Dodgers World Series PROFILE Derek 7 Repeat of a look at the lifestyle and personality of the controver sial Boston Bruins DRAMA Name of the 13 Suzanne Pleshette and Mercedes McCambridge star in an episode about politicking in SPORTS NFL 11 Football Follies is a collection of the better gridiron such as punts which HISTORY 10 7 The Hero as Artist locks at three Renaissance greats Ra and Leonardo Da MOVIE The View from Pompcys 7 A city lawyer returns to the smalltown where he was born and Stars Richard Egan and Dana THURSDAY MOVIE Carry on 1 7 After a bout with the a naval commander and a parliamentary sec retary decide to switch With Peggy SATISFACTION GUARAN TEED OR MONEY CHEERFULLY REFUNDED T LI Trimbles Radio TV are listed by Ine radio nnd television Any variation in program thedule is due to by the stations and Is not the responsibility of the Herald or Trimbles Tire WEDNESDAY NIGHT 00 John Oliver Show Country Digest 30 Voice of Chine 45 The Living Word 00 Ren Legge Show OQ Al Vanick Ir CHEC THURSDAY Show John McAllister Be0ab Show information Country Dlgesl Sporls 700 Major Sporl Bio Country 800 John Oliver Show News Richard Gordon fr CJOC Mike 0 Richard Gordon Show WEDNESDAY Probe 1220 World at Six 0 Doug Spor THURSDAY News and Grain 0 Jack Thys CBC CHEC FM k News Hourly Half Hour THRU 400 Norm Gregory Major Sporls Bob Major News Mike Murry Norm Gregory ir CBR Radio 1010 Calgary Secret papers printing backed Gallup poll released here indi cates a majority of Americans familiar with the issue thought newspaper publications of the secret Pentagon papers was the right The poll states that most people had made up their minds even before the Su pierne Court ruled the New York Times and the Washing ton Post could print storie based on the The poll was based on inter views with persons ovc IS years old throughout th Fiftyfive per cent of those polled said they were familia with the Those who were familia with the issue tlicn were ask ed whether the newspaper lind done the right thing o the wrong thing in publishin the Of this 5 per cent said it was the righ Thirty per cent thought was the wrong thing and th olhcr 12 per cent expressed n JAYCEE WINNER CATHARINES CP Glen Adams of is the national winner of 111 1071 Canadian Junior Chambc of Commerce effective speak ing WEDNESDAY NIGHT Age of Elegance Men of Brass Music Past Medium Rare 730 Rulo and Revolution THURSDAY 603 Concern Eye Opener Ideas Network News Nat News World at 8 From the Capitals commentary 1015 Five Nights a weeK Threatre Max Ferguson Gerussl Morning concert Matinee Radio Noon Afternoon Holiday Matinee 303 Afternoon Concert BBC News News Trimbles Tire Supply 3272007 314 llth 3272396 ASTRO SATURN 78 K Nylon Fiberglass Dual Whitewalls 2 plus 2 Fiberglass Belt AS LOW AS F7814 G7814 G7815 H7815 Also available at leading Southern Alberta Dealer JUBILEE MOTORS ALBERTA CJOCTV Channel 7 Cablevision 6 WEDNESDAY NIGHT Spidermnn c Teleprobe 7 Movie Oh Oil Women c Was a Very Good Year Telescope Men at Law Civilisation c News e Teleprobe 7 Movie View Pompeys Head THURSDAY Something To Think About Farm Facts Pinnochio Little People Dressup Friendly Giant Chez Helene from Sesame Street Luncheon Dale Movie Carry on Admiral Meet Mullctt lake JO Edge of Night Galloping oourmet Banana Splits Fireball XL5 CFCNTV Lethbridge Channel 13 Cablevision 4 WEDNESDAY NlGtil News cl Wynnes Pad Champions A31 News c Flip Wilson From a Birds Eye View c Movie The Gorgon in Conversation THURSDAY Thought or Day News 830 Name of the Game University of Air The Honeymooncrs Ed Allen 1030 Pierre Berton In ConvfirsaMon News ic Party Game c Movie Dont Knock the Twist Famous Jury Trials Another World c Trouble with Tracy Man Trap Beat the Clock Wynnes Pad UFO KRTV Great Falls Channel 3 Cablevision 9 WEDNESDAY NIGHT Today Show O Days of Our Lives Mavberrv RFD 700 Today In Montana The Doctors lc So News 7 30 Concenlralion c Another World c liSBS Shiloh Family Affair M Night Hawaii Flve0 Hollywood Squares Gomor Pye c Music Hall Jeopardy c Mcrv Gnffln News Where c Tnnlnht Shnw Game Cronkilo News TTHflURSDAY News NBC Nightly News Our World Somerset fimlly Ahalr Saluto Agriculture As the World Turns News KFBBTV Great Falls Channel 5 Cablevision 11 WEDNESDAY JHUItSDAV ftS News Ncws secret storm Mary Tyler AOI Cnpliiln Kangaroo One Llfo to live Eddies Father O DlnnlVS Placo Memory Gamo c jnn Rnom 23 730 lack c Online Game SrSffi Family tM sSlo ol Century General Lovo on a Rool lop Gnlloplnq Gourmet MO AlKlrcv 1C Tim Girl 8 NFL Action Lows American Bcwilcnrd Style News lOOO All My Children News Id Dick Caiott Make Doal iM Odd Coxpli Id ;