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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 17, 1971, Lethbridge, Alberta How to beat U.S. influence -heavy taxes EDMONTON (CP) Robert Townsend, a former Unite! Slates corporation executive, said here heavy taxation would be one method of reducing American corporate influence on the Canadian economy. Mr. Townsend, author of the novel Up the Organization and a former president of a major U.S. car rental firm, told dele- gates to the Canadian confer- ence of Industrial Accountants, one of Canada's major prob- lems is having the U.S. south of it. "You have the dinosaurs in your country and it's just a question whether you're going to let them trorap around in your flower gardens or get rid of the he said. "We can get ri'T o' them oy taxing the bejabber right out of them and let them go ruin France or some other country." New bonds deal set for Monday OTTAWA (CP) The finance department announced plans Friday to raise million in new financing on Canadian bond markets. At the same time, the govern- ment will offer to exchange a new bond issue for million worth of outstanding Wt-pet- cent bonds originally due to ma- ture Sept. 1 next year. Both the new borrowing am the exchange of bonds will go on offer through banks and in vestment dealers Monday, wher prices, interest rates and other details will be announced. Date of issue of all the new bond will be Aug. l. Subscribers to the million cash borrowing, to help finance general government operations will have two bond year and 4Vz months or three years and four months. cares about us They must. They take such care to make products that save us time ra keeping this the cleanest, neatest home we could want. And our Independent Amway Distributor cafes, too. A real neighbor who brines wonderful Amway products to our home avcs is shopping trips and brings home-care know-now right to our doorstep. Call HAROLD PINNEY 1101 15th ST NORTH PHONE 328-1506 Shop without going shopping with your neighborhood Amway Distributor. We invite all the Whoop-Up Days visitors to stop in at our Amwoy Display Centre under the grandstand on the Exhibition Grounds. The Bank of Canada has agreed to acquire a minimum of million of the new bonds. REDUCES DEBT The bond-exchange offering is designed to reduce by about tie-third the size of the bond debt that would otherwise come lue for repayment or refunding Sept. 1, 1972. Holders of the 972 bonds may bid to exchange them for a new five-year bond due Aug. 1, 1976, and converti- ble on that date into anothei five-year bond due Aug. 1, 1981 The Bank of Canada will ex change at least million worth of its holdings for the new, convertible issue. In all, million worth of the bonds due in 1972 are outstanding. Federal debt man- agers want to whittle down the total amount to be redeemed or refunded to avoid swamping the market with a huge refunding ispue all at once in September, 1972. That million worth of bonds was part of a huge con- version of government debt in 1958. when holders of Victory bonus issued during the Secmnd Work War were invited to ex- change fhran for a new issue Sept. 1, Modern Robiu Hood relieves rich of spuds VICTORIA (CP) Robin Hood is alive and stealing potatoes in Victoria. Police report a resident recently found a note stuck on a potato plant. It read: "Dear sir, seeing you look so rich and we so poor, we kindly thank you for helping us not starve. Sincerely yours, Robin Hood and his merry men." Further investigation re- vealed seven rows of pota- toes and two rows of turnips missing. Idturdqy, July 17, 1971 THE inHBRIDGH HERAIO IS New commander at Edmonton EDMONTON (CP) Col. W. M. Houser has taken over command of Canadian Forces Base Edmonton from Col. C. F. Stanford, who has been posted as the Canadian military rep- resentative to Allied powers headquarters at Brussels. Col. Sanford, a native of Sum- merville, N.S., has been u mem- ber of the Canadian Forces since joining the RCAF in 1940. Col. Houser, of Bcamsville, Ont., previous to lw> tdmon- ton command has been at Mar- itime command headquarters in Halifax since 1068. CFB Edmonton is comprised of more than 400 personnel, in- cluding the crack commandos of the Canadian Airborne Regi- ment, two squadrons of the Air Transport Command and two helicopter squadrons. _____ Visit PIPOS PLACE Located In The Youtharama Building Posters-Incense-Bumper Stickers- Mobiles-Water Pipes-Ornamental Daggers and Swords-Plus Many More Kentucky attracted mil- lion in new industrial invest- ment last year. SEE US DURING WHQOP-UPDAYS While attending Whoop-Up Days, July be sure to see our Mobile Home Display on the Exhibition Grounds. YIPPEE YAHOO The old west comes alive with o modern touch, with modern cowgirl Beverleyle Boron of Calgary riding one Whoop-Up Days parade float Monday. A chuckwagon will be surrounded by musicians Katny ana Company' of Calgary, who will be whooping It up rn traditional western and sheared on by five Calgarmn cowgirls. The float is presented by the Calgary Brewing and Malting Co. ttd._________________ See Your Culligan Man Under The Grandstand During Whoop-Up Days! Bring In A Gallon of Your RESERVOIR WATER for a FREE WATER ANALYSIS -See the actual difference between your raw untreated water and our treated ond filtered water. Look for the BIG MYSTERY WATER TAPl WATER CONDITIONING (LETHBRIDGE) LTD. 1200 North Mayor Magrath DrivB (Under the Subway at thi Water Tower) PHONE 327-7867 These INTERESTED DOWNTOWN BUSINESS FIRMS Invite You To Get Into the TRUE Spirit of Whoop-Up Days By Attending our Giant Featuring the 1971 Crestwood and Homestead Mobile Homes Also Parkwood, Para mount ond Estavilln MONDAY, JULY 19th A.M. TO Bring the Entire Family Downtown to watch the Parade and Breakfast Too! COFFEE HOTCAKES YJ BACON LIVE ENTERTAINMENT WHEN? Monday, July 19th 7 to 9 a.m. limimrl Downtown on 7th Street South between 1st and WHERE: 3rd Avenue. (Opposite Gait ssxirri FRED MEHEDEN KARL WILDE MIDWEST MOBILE HOMES East on Highway 3 (Taber Highway) "SOUTHERN ALBERTA'S IARGI.S1 MOBILE HOME DEALER" Phone 327-1986 i -.'CILERY MEN'S SHOP -.E-WEI.LERY R'-'WFR SHOF v us li'GU. PRIMROSE WEAR McOUIRkh MSN'S WEAR U.MIJIV; LEATHER GOODS BANK OF rOMME-fi t f- r.ANK NOVA SCOTIA UKN: m o cor.MoiioiJi O 'ITtRIIMO SHOES GRlifN'S SHOES ROYAI. BAN'1 OF CANADA AVCO IMNAMCE SHf'P p. IAWSON iliAVlL o JUNIORS O FAY'S Ai'PAREl tt KITSONS PHARMACY e HURON AND FRiL7--CANADA 1RUST O SANDY'S JEWEILEHY i H.-ANK WAI.MR MEN'S ClOTHi'S CAPITOL RIRNITURe LTD. BERT AND MAC'S HARMONY HOUSE SOUTHERN STATIONERS O MAXINE'S LADIES' WEAR DRAFEIN'S DOWNTOWN DRUG STORE o SiOKES DRUG STORE1 P ANGLO DISTRIBUTORS 'MPCRIAl MOTORS ;