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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 7, 1973, Lethbridge, Alberta fotvrfey, July T, 1HI UTHiMDOl If RISING MORTGAGE RATES DISCUSSED Bahamas snips 300-year link with Britain OTTAWA (CP) Banks and (rust and insurance companies have been asked to make mortgage funds available to help stabilize rising mortgage interest rates, Finance Minister John Turner said Friday in the Mr. Turner told NDP Leader David Lewis that he had no au- thority under the Bank Act, however, to compel lending in- stitutions to do so. To cries of "change the Bank Act" from opposition benches, Mr. Turner said it is his hope the residential mortgage bill now before the House will be given speedy passage. It will act as a brake on rising interest rates, be predicted. Mr. Lewis said the cent Interest charged on mortr gages by some Banks "is the highest in the western world. The government should take steps, "gently or to keep rates down. He proposed a tax system which would make it financially advantageous for large devel- opers to dispose quickly of their land holdings for building pur- poses. Mr. Turner said be will consider the suggestion. On the subject of rising rents hi urban areas, Mr. Turner said a shelter subsidy is a matter that would have to be discussed by Urban Affairs Minister Bon Basford with the provinces. However, the problem of ris- ing rents has been met in part by "the substantial tax cuts" passed Thursday by the House, he said. Personal income tax cuts of five per cent and increases in the basic annual exemptions were given final reading by the Commons. Mr. Lewis said the govern- ment should consider a tenants' shelter allowance based on in- come so average families can afford adequate bousing. CAREERS NASSAU (Reuter) -A 300-] year link with Britain ends next Tuesday when the Bahamas, a sprawling archipelago of isalnds, becomes independent. Full statehood has been the rime goal of Lynden Pindling, .jrst black premier of this coun- try of but many home- owners and land developers are concerned that the cutting of ties with Britain will lead to security. From the opulent, second- largest island of Abaco, where whites make up nearly one-half the population, have come threats of secession from the Bahamas to remain under Brit- ain's shelter. Government officials here are confident, however, that the Abaco secession threat withered following a cold response from the British government. FRIENDS SOUGHT Although not geographically in the of the OPPORTUNITY ELECTRONIC SALES PERSON Required for complete line of Stereo, tope racorden, TV's, etc. Experience preferred or will train. Salary commensurate with experience. Apply MGR. ANGLO STEREO ft PHOTO 419 5th Street 5., Uthbridgo YOUR FUTURE IS HERE THE SOUTHERN ALBERTA INSTITUTE OF TECHNOLOGY CALGARY ALBERTA ARCHITECTURAL DRAFTSMAN Draftsmen to prepare sketches and working drawings of classroom furnishings, building renovations, maps, and floor areas. Also involves supervision of one junior draftsman and making of on-site inspections. Applicants should be graduates in Drafting or Architectural Technology with at least two years of related experience. Salary range to per month. Competition number; 1310-C-7. Closes July 20, 1973. Information and application forms fromt GOVERNMENT OF ALBERTA PERSONNa ADMINISTRATION OFFICE ROOM JOHN J. BOWLEN BUftMNG 620 7th AVENUE S.W. CALGARY, ALBERTA T2P OY8 PUBLIC RELATIONS OFFICER responsible for providing Information to mem- lien of a professional association and Hie public hi sup- port of the public relations objectives of Hw association. General duties Include writing, editing and layout of a monthly news bulletin, press releases, media con- tacts and co-ordination of the annual convention. Applicants should have the typo of qualifications and experience which would allow them to perform the above duties confidently. Experience In communica- tion and public relations with an association would be desirable. Salary will be commensurate with experience and preparation. Deadline for application is July Send your resume tot EXECUTIVE SECRETARY ALBERTA ASSOCIATION OF REGISTERED NURSES 10256-112 STREET EDMONTON T5K 1M6 DEALERSHIP OPPORTUNITY NEW MIRACLE COATING Replaces Paint en AMY SURFACE Join saceenfri team of "ASKS1EX" deatos. "AMESTEX" is a praavct of the "OUT QUAKBt PAINT CO." (Estab. "ASBESTfX" has hod 40 of fitU tetKnf and is jBowmfeed fec20 yean, with fife expectancy ef la 30 yean. "ASUSIEX" means "NEVER PAINT No ability is coucotion fwtt os iHipoiTCrtw ttt dwlity WM absorb new ideas and moke yovtsetf financtalh; for lift. if Income b b high S-fignry bracket. All training in application of "ASKSTEX" and anfribatien b provided by if Guaranteed return ef capital Ifaaupjli if Too must make money WE 1UT BACK TOUR DEAUR. SHIP. ore invited from Individuals or who would like to get in en the anwnd floor ef this amazing and rapidly expanding buslnetsi inweslmem jvavhed Write (or Notional MeitliamBswt Driedor 010 PAINT CO. CANADA) ITO. 413 Victoria, B.C. Phone 9144741 are only 60 mites east of Ba- hamians are expected to look southward for their closest friends among members of the Boat operator fined for being impaired CASTLEGAR, B.C. (CP) David Neufeld, 34, of Syringa Creek, B.C., was fined 1400 after pleading guilty to a charge of being impaired white driving a motorboat. If the fine is not paid, a Jail sentence of two months will be imposed. The charge followed an inci- dent in southeastern British Columbia on Arrow Lake near the Hugh Keenlyside Dam in February. Caribbean common market now being forged among the black- dominated independent Com- monwealth countries of Guyana, Trinidad and Tabago, Barbados and Jamaica. The area has a colorful his- tory. The Bahamas' first in- habitants, the Arawaks, were virtually eliminated when, fol- lowing the discovery of the islands by Columbus in 1492, they were shipped away by the Spaniards to work in Haitian mines. Throughout the 17th century the Bahamas were controlled by bands of Caribbean pirates. African salves, whose descend- ants now form 80 per cent of the population, were imported. Many were captured in Spanish slave raids and taken to other islands. WEALTH INCREASED The American Civil War brought prosperity when ships trying to run the North's block- ade of the South found shelter among the islands. Over the years this prosperity grew. than one mil- Patterson named new chairman of board EDMONTON (CP) Mites E. Patterson has been named chairman of the Pubic Utilities Board succeeding Walter Nobbs who retired June 30. Mr. Patterson, a native of Calgary, was admitted to the Alberta Bar in 1951, named Queens Counsel in 1963, and has had extensive private profes- sional experience in the field of utilities and energy. He was appointed a member of the board last year. lion a for more than 70 per cent of the Ba- hamas' total earnings and 60 per cent of the government's revenue. The tourist industry provides more than jobs for tne total work force of For the tourists there are miles of sandy beaches, recrea- tion and the Bahamas famous "Goombay" music, local form of calypso. But expansion also brought international crime and specu- lators anxious to get rich quick. The white-dominated govern- ment of the United Bahamian which rated until Pindl- ;'s all-black government eJned power in 1967, was tainted by connections with in- ternational gambling syndi- cates. Pindling's Progressive Lib- eral party has increased its strength to 28 of the 38 seats in the assembly. Pindling, 43, faces virtually no opposition to> day. His policies art aimed at pansion of other economic de- velopment, though not difr couraging tourism, the try's main source of income. The main lure for funds is the Bahamas' pocitioa as one of the world's majer havens. Personal income, corporate income and real estate an es- cape the grasp of the taxman. Early British white aettien came from Bermuda and BOOM British loyalists fled from the American Revolution. FOOD RATIONED CAIRO (AP) Foreignere who remain in Egypt longer than six months will need ration cards to buy cooking oil, the newspaper Al Ahram said. Egyptians have had certain foods rationed ever since the Second World War. Your Alberta Government has Every HOMEOWNER, FARMER or RENTER in Alberta is now entitled to a PROPERTY TAX REDUCTION WHY? Your Alberta Government's NEW OIL and GAS POLICIES are bringing ADDITIONAL REVENUES into the general funds. By a SUBSTANTIAL PROPERTY TAX REDUCTION this benefit is being passed on to Alberta citizens as the owners of our oil and gas. WHO? ALL OWNERS living in their own HOMES or MOBILE HOMES and all eligible RENTERS in Alberta receive this TAX BENEFIT. HOW? The PROVINCIAL EDUCA- TION TAX portion of your resi- dential property tax has been removed up to a level of WHEN? NOW! The Alberta Property Tax Reduction Plan announced in lanuary is now law. It is designed to reduce the taxes you pay this year on your property and it also recognizes that each renter is paying a Property Tax indirectly through his rent. HOW MUCH? The Provincial Education Tax you have been paying on your PROPERTY VARIES AMONG MUNICIPALITIES. However in spile of whether these local taxes go up or down YOUR ALBERTA GOVERNMENT IS NOW PAYING YOU A RE- BATE (OF THE PROVINCIAL EDUCATION UP TO A MAXIMUM OF How you will benefit HOME OWNERS (UNDER AGE Yon will receive a minimum of your total property tax or whichever is the lesser, up to a MAXIMUM OF If age 65 or over see item SENIOR CITIZENS (AGE 65 and If you now receive the GUARANTEED INCOME SUPPLE- MENT you will receive a MINIMUM of your total property tax or whichever fe the lesser. If you do not receive the GUARANTEED INCOME SUPPLEMENT, the minimum is your total tax or whichever is the lesser. The MAXI- MUM is ALL of the Provincial Education Tax. If you are a renter see item RENTERS (AGE 65 and Yon can claim the sum of immediately. Your application form is available after June 30th in any Treasury Branch, Treasury Sub-Agency, Municipal Office, or any office of the Department of Municipal Affairs. It should be sent to Department of Municipal Affairs, 10363-108 Street, Edmonton, Alberta T5J 1L8. (If you live in a nursing home, a senior citizens' home or lodge, you already have the benefit of this renter assistance and need not apply because these lands of accommodation do not have to pay Provincial Education (UNDER AGE You will receive your Alberta Government benefit by way of an INCOME TAX REBATE on your 1973 PROVINCIAL Income Tax. Watch for further details. FARMERS You will receive the same benefits on your farm dwelling as non-farmers do on their homes. The same applies if you are a renter or a senior citizen. Here's How to Obtain your Tax Benefit Homeowners receive application forms in the mall enclosed your 1973 properly tax bill. It describes your Alberta Properly Tax Reduclion Plan. Study it carefully, fill it in and RETURN to your LOCAL TAXING AUTHORITY (City, Town, as soon as possible. MUNIQBM- AFfiMRS ;