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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 25, 1973, Lethbridge, Alberta THI UTHMIDGE HERAlD July Premer testifies Premier William Davis of Ontario tells select legislature committee investigating a Hydro meeting arranged by developer Gerhard Moog for him with Swiss bankers was just to background himself on the international monetary not to arrange any financing for the province of Ontario. Hydro panel probes Swiss bank deal By ALLAN DICKIE TORONTO (CP) The select legislature committee in- vestigating Ontario Hydro's million deal with Canada Square Corp. has backed away from an immediate oonforntat- ion witth developer Gerhard Moog. Despite a Speaker's warrant ordering the production of docu- ments, Mr. Moog has refused to turn over to the committee a file containing correspondence witfa a Swiss bank on financing the new Hydro headquarters. Today, the committee didn't ask for the file. Committee members want to give Mr. Moog's lawyer, G. D. i Finlayson, a chance to articu- late his objections to turning over the file. The controversy arose over a trip to the bank made by Mr. Moog and Premier William Davis while on vacation in Eu- rope in August, 1971. TALKED WITH BANKER Mr. Moog testified today he had a discussion with one of the Zurich bankers on the possible financing of the Hydro project and was told the bank could lend up to million at 6% per cent. Premier Davis testified Mon- day that he was unaware of the subject of Mr. Moog's conversa- tion in German with one of the bankers, while he discussed in- ternational monetary conditions with another. It was Mr. Moog's further correspondence with the uniden- tified bank that gave rise to the confrontation between the com- mittee and Mr. Finlayson. Mr. Finlayson insisted again today that the file is "irrele- vant" and making it public would damage Mr. Moog's long- range financial prospects. In postponing the con- frontation with the consent of most of the ll-man committee, Chairman John MacBeth (PC- Toronto York West) said he hoped "sweet reason can pre- vail here. The moment of truth has not yet arrived." But James Bullbrook nia) objected. "I don't think the interest of the public is served by per- mitting a Speaker's warrant to be outstanding lor any signifi- cant period of Mr. Bull- brook said. The warrant was issued Mon- day by the committee, in- vestigating allegations of favor- itism and political patronage to Canada Square Corp. Mr. Moog a personal friend of Mr. Davis. Mr. MacBeth said in an inter- view after the session ad- journed for the day that white he considered the file "rele- vant" he didn't think Jt mrf of such urgency that (be com- mittee would have to dis- continue its work if it wasn't produced. In his opinion, be aaW, it would not be necessary to recall the legislature to deal with the matter, but that the committee could recommend that some ac- tion be taken against Mr. Moog when the legislature reconvened in October. In earlier testimony, Mr. Moog denied ever telling Hydro architect Kenneth Candy feat he would be acting as financial adviser to Premier Davis on the European trip. Prices Effective in Jethbridge July 25-28, 1973 4-H SHOW BEEF SALE AT SAFEWAY SAFEWAY SUPPORTS LOCAL 4-H MOVEMENT We proudly present for your eating please show beef from the Lethbridge and District Show and Sale. Properly aged, cut and trimmed to ASSURE the finest eating beef possible. ZjQBllSie.1 Miscellaneous Specials ___..-_-------_------------ jjj g Bumshire Rindles, .Q0 ROASTS Canada Grade A Beef Serving D-lj...--.. Bologna Swift Premiam Skinless lb vae pka Swift Premium Thtt Piwe lb Swift Premium Mild and Spice Try Me Eiek risn MICKS Cod FrOMn i4oz.netwt.pk8. RUMP ROAST GROUND BEEF r_89' Junior Turkeys Pineerest Young Frozen Canada Grade A 6-10 6 COFFEE SurMtype Unsweetened Grapefruit Lethbridge Stores Honor All Competitors' SLICES Lucerne Canadian Process Individually Wrapped 1 lb. pkg. 85 f TEA BAGS .....39 0CHEESE SPREAD 85 f t t i Extra Saving Specials Cooking Sun-Rypo Sweet Pure Orange Juice fl oz tin Cheese and Onions or Cheddar Cheese- Christie's Flings nVwt. A Christies DiTS Gt DlieS 7 oz. net wt.: Vanilla DOG FOOD Perky 15 Oz. Net Wt. Tin We Reserve The Right To Limit Quantities. PEPSI COLA Regular or Diet 10 fl. oz. We. cm. of i Extra Saving SWEET CHERRIES T 73 f nus DEPOSIT SAFEWAY PRICES PRUNE HUMS. Town HOUM Canada 14-fl. az. tin 4 for f.OO SA1ADS. UKMIM fdlM tablt or Mandarin MI wt. INSTANT COFFEE. Safeway. 10-or. wt. jar------1.69 SALADS, Macaroni ar CoU Slaw. 16-ct. ml wt. tub 496 ASPARAGUS. Monte Tips. vQftoQfl 12-fl. Assfd. Mallows Davids 14 Or. Net Wt. Pkg. SPECIAL JELLY POWDERS Empress Assorted Flavours 3 Oz. Net Wt. Pkg. Mushroom Soup TOWN HOUSE 10 ft. oz. tin SPECIAL ;