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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 17, 1974, Lethbridge, Alberta July LETHBRIDGE old pilots Mrs. Margaret Rutledge of who graduated from the Edmonton Flying Club in and 18-year-old James Willis of one of the club's youngest sit in a 1916 biplane. They were in Edmonton to take part in a fly-m held in connection with ceremonies at the Canadian Aviation Hall of Fame. What would you do with lottery TORONTO What would you do if you won the million tax-free Olympic lottery prize next Once the money is in the it starts earning interest and that is taxable. And in- flation immediately begins eating at the value of every dollar Some Canadians who ought to know how to protect a million give this varied ad- Dr. Morton author of Anyone Can Make a Million and member of the On- tario I'd buy million worth of Anywhere in except and preferably in Manitoba or Alberta. Alan lawyer for a Anti-freeze tariff under gov't review By JEFF CARRUTHERS Herald Ottawa Bureau OTTAWA The federal finance department confirmed it is reviewing recent petrochemical industry requests to suspend existing tariffs levied against imports of antifreeze and its main ethylene now that Canada faces both shor- tages and dramatic price hikes for antifreeze products this com- ing winter driving season Government officials suggested today that a decision on the requests to remove the existing 15 per cent import tariff on an- tifreeze and 10 per cent tariff on ethylene used in mak- ing will likely be made before the fall when demand for antifreeze picks in light of the prospects of shor- tages this year. Dow Chemical of Canada and Union Carbide Canada the country's ivvo rnajor manufacturers of ethylene glycol have already predicted a very tight supply situation across the with shortages at retail outlets in both eastern and western Canada this winter. While the companies predict retail prices starting about to a there are already'reports from a number of including Ottawa and of retail prices in major outlets of and a gallon. Bank of Canada may clamp down on money OTTAWA Now that questions of political power have been there is increasing evidence that loan money will become more difficult to find. Monetary authorities might have been open to charges of meddling in politics had they taken any action during the few weeks prior to the July 8 general election.and there has been speculation that com- mercial lenders were under similar constraints. The Bank of Canada reported last week that the national money supply jumped by million during the week to July 3. Many- economists believe the rate of growth in money supply is linked directly to inflation rates. Money supply is currency in and chartered Canadian dollar leposits. Part of the increase was due o normal month-end business but increased de- nand for money also seemed to be a factor Gerald Bank of Can- ada said is a larger increase than one normally sees at that he numbers are large but it's just one week and you can't make too much out of The central bank has been following an announced policy of tight credit conditions. The bank key policy tool in influencing the entire rate been boosted by IVz percentage points to a record per cent since April Between April 10 and July 3 the money supply grew by billion to billion. That total was billion above the total a year earlier. Mr. Bouey said the bank rate increase was prompted by a belief that growth of credit was excessive. A further increase in the bank rate is possible. Commercial interest rates have been rising and there are indications of more to come. number of famous sports fig- ures and executive director of the National Hockey League Players Put half into short-term deposits or mortgages and the other half into Canadian bluechip mining and oil stocks. Of I'd rely on professional advice before buying these stocks. WOULD SPLIT USE Lance tax accoun- tant with Gunn and Co. and chairman of the On- tario Royal Commission on Taxation in I could get HVa per cent on a short-term then I'd spend some time assessing some form of more permanent com- mitment I'd likely split the money 50-50 between long- term government of Canada bonds and blue-chip stocks. Things like chemicals and maybe farming equipment Sol national tax ac- countant at Kreks- Horwath and put it in the bank. I'd try not to have too much notoriety and pay off my outstanding debts and set up a trust fund for my children. Then I'd get rid of my worries about inflation by putting the rest of the money into a savings account and forget all afjout it. Harry stockbroker with Leslie and Co. would put the money in a balanced port- folio of stocks and bonds. if someone came to his firm with we'd need to know what the person wanted the money to do for him. Under today's that million could produce as much as a year. It'd also take a team study of six to 10 weeks to make a you don't make a snap deci- sion with a cheque in your hands. HOUSE SEEMS BEST Ron tax lawyer at McCarthy and McCarthy and former chairman of the Canadian Tax I'd spend about on the biggest house you can some recreation property of about 20 a good-sized will hold value and there's no tax on finally with some expert I'd get some paintings. Then under today's I'd put about into 30-day notes. Things are a little scary at the but I'm still optimistic they will calm down. The rest of the would go into bluechip maybe because there are some good buys at the moment. Arthur real estate lawyer with Goodman and recommended improved real property around Metropolitan Toronto. In my own conservative stocks and bonds are too volatile. Property may level off but not plummet. It's the best invest- ment that will keep pace with inflation. Eskimos blame western way New York Times Service YELLOWKNIFE Social dislocations caused by the intrusion of western ways upon the simpler hunting and fishing society of the far north have been followed by a severe outbreak of mental suicides and murders among according to mental health experts. Discussions of the Eskimo problem were a highlight of the recent third international symposium on circumpolar health. Three hundred specialists from 10 countries attended the three-day meeting in the modern high school of this isolated frontier town on the threshold of the Canadian Arc- tic. Scientists working among Eskimos from Alaska to Greenland reported that the effects of social change from in- creased contact with white civilization since the Second World War has been disastrous for the native peoples everywhere. And while western medicine has been successful in combating disease which once infected 80 per cent of Eskimo children in parts of has been virtually eradicted there communications failures have nullified efforts to deal with the increasing in- cidence of psychiatric disorders by conventional the conference was told. SUICIDE EPIDEMIC The social and behavioral disorders of Alaskan Eskimos have been accompanied by a virtual epidemic of now occurring at three times the rate recorded 15 years while the homicide rate has doubled in the same said Prof Fred Milan of the University of Alaska in Fairbanks. Dr. A. P. Abbott of the northern region headquarters of the Canadian department of health and noting a similar rise in mental suicides and murders among Canadian said that the suicides were related to alcohol. Danish scientists reported that criminal domestic disturbances and child abuse have escalated among the Eskimos in where the murder rate is five times higher than in metropolitan Denmark. As in Canada and these problems were related to the pervasive abuse of alcohol. Efforts to meet the mental health crisis among the 000 Eskimos in Alaska with modern psychiatric methods have failed because of the cultural gap between Eskimos and American specialists reported at the conference. there is a promise of success in treating Eskimo mental disturbances by indigenous including the use of native or the specialists said. As a experts at the conference predicted a new breakthrough in the treatment of emotional disorders in other cultures along the lines of approaches used successful- ly among Indians in the western United States. PRACTICE ALIEN standard psychiatric in which the psy- chiatrist asks questions and tells the patient what to is alien to Eskimo said Dr. Robert a psy- chiatrist with long experience among explaining the difficulties in an interview. he is no way to define the doctor-patient relationship in the Eskimo language. Eskimos would regard the seclusiveness of the relationship as im- polite or boorish. They have no concept of going to another person for and it is considered childish to ask questions The veteran psychiatrist with subtle how Eskimos often communicate in complete silence. He lifted his head slightly. means His nostrils briefly tightened. means or Drawing on the native of mutual the Eskimo psychiatric aides assist victims of mental illness by indirect said Kraus. For he they make approaches to older people to bolster the afflicted person's ego with of love and demonstrations of often through gifts of Psychiatric workers were impeded at first by the Eskimo distaste for open references to disturbed said Bridget a college-educated Eskimo mental health aide in Alaska. she the terms and health have been replaced by the Eskimo words meaning of the Sears CAMPING CLEARANCE 159 9x12 Laurentian Tent Made of Egyptian Cotton. Aqua-repel treated for waterproofing. Rubberized cotton floor. Monofilament screening on windows. Inside zipper flaps. Sleeps 4 to 6 people. Reg. 189.98. 75034 98 9x12 BUNGALOW TENT 5 02. cotton 7.2 02. cotton roof. Butyl dri treated. Has screen windows with outside flaps. 75050 Reg. 9x12 WILLA ACAPULCO TENT Same as Laurentian tent but with awnings on side windows. di Q A98 75036. Reg. I x x 6' SPORTSMAN TENT waM. Made of Egyptian aqua repel treated. Sleeps 3 adults. Has screen door with 3-way zipper. Weighs only 07198 34 Ibs. 75112. 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