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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 30, 1973, Lethbridge, Alberta THI LETHMIDGI HERAID Monday, July 30, Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCoaig Limited) LAST BID OR SALE (11 a.m. Quotes) (11 Quo'es) WESTERN OILS AND MINES Albany Oils 1.15 Alta East Gas 830 Alminex i.25 Asamera 11.50 Ashland BP Can Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Cdn Long Is Cdn Super Charier Oils Chleftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil Sands Lccniel Lytton Min Noble Mines North Oils Numac Psncdn Pete Pan Ocean Petrol l 34 Pinnacle .21 Place Gas .68 Ponder .40 Ranger Scurry Rain Seibens Spooner Total Pete Ulster Pete W. Decalta 5.60 MISCELLANEOUS INDUSTRIES Acres Ltd 13.25 Aquitaine 22.00 BC Sugar 15.00 Block Bros 2.80 Cdn Brew A 25.25 Cdn Brew B 29.50 Cdn Pacific Inv 29.50 Cresforook Ind 9.00 Crowsnest Ind 29.50 Cygnus A 7.75 8 ,8 12.75 3600 11.00 .24 3.50 11.62V: 30.75 815 2.01 1.26 7.35 Falcon Copper F and M trust Genstar Global Ccmm Home 8 Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell lusky Oil h 'Sky Oil B Husl v D War Husky Hys of Canada Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd AAacriasonics Pacific Pete PW Air Pe-Ben Oilfield Rainier Inc Royal Trust Commerce Corp Sandwell Teledyne West Cdn Seed Westfield Win Weston A Pfd White Yukon 7.73 15.00 6.25 16.00 47.00 44.00 17.7S 47.00 53.00 47.50 24.50 41.25 8.90 10.25 4.25 (11 a.m. Quotes) VANCOUVER MINES Afton Atlas Explor Bath Croyden Dankoe Davenport Dolly Varden Equitorlal Res Gibraltar Lornnex Primer Pyramid Silver Standard Valley Copper .55 .83 .07 1.90 .41 .25 .18 14.50 13.50 .12 .13 1.14 9.60 2.75 .32 200 Col Brew 3.60 Key Ir.dust 29.50 Wardair ".25 OILS 32.37VJ prp Explcr plains Pete ponderay Explor Stampede Intl Res 1.30 MUTUAL FUNDS 1 22 .24 Superports not a hazard WASHINGTON (AP) The Nixon administration's proposed superports would be less of an environmental hazard than con- ventional harbors, the chairman of the council on environmental quality says. Russell Train told a special Senate subcommittee this week that oil spills around an off- shore platform would not have nearly as disastrous an effect con- 4.25 4 65 5.00 1.42 64.00 11.25 7.70 8.37 3.79 4.12 554 6.08 PIPE LINE STOCKS 13.25 71.50 19.50 9.75 Alta Gas A Alta Gas Pfd Alta Nat Gas N and C Gas N and C B Pfd 7.75 pacific Trans Gaz Metro Gai Metro A Tr Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War CALGARY Acroll Barons Oils N Continental Western Warner All Cdn Com Al! Cdn Divid All Cdn Vent Arm- G- F AGF Special Cdn Invest F Col Mutual 5.98 6.57 Cmnw Inter 15.1016.59 Cmnw Lev 3.98 4.37 Cmnw Vent 7.65 8.41 Ccrp Invest 6.31 6.93 Corp In St F 5.16 5.67 Dreyfus F U.S. 11.33 12.42 39.25 6.50 1875 4.00 .65 .34 Great Pacific Gr In Shares Gr Equity Invest Gr F Invest Mutual Mutual Ac Mutual Gr F Nat Res N W Cdn N W Gr Principal Gr Royfund Temp Gr United Ac Universal Sav Univest Vanguard as an oil spill inside a ventional harbor. "Not only will it take the oil longer to reach sensitive wet- laud and estuarine areas and recreational beaches but under certain wind and current condi- tions, the oil could move out to sea and never reach the shore as a Train said. He added there also was less chance of a tanker going aground or colliding with an- other ship if it were unloaded at an offshore port where the wa- ter would be deeper. Superports are an outgrowth of the development of mam- moth oil that are four to eight times bigger than the oil tankers that steam into U.S. ports. These ships require 517 water, and more room to manoeuvre. PORTS TOO SHALLOW Most U.S. ports, especially those on the East and Gulf coasts, are no more than 45 feet deep. The giant tankers require ports between 67 and 100 feat deep. Rather than dredge harbors to these depths, the adminis- tration has proposed giving the interior department authority to 7.20 7.83 4.70 5.13 3.51 3.36 7.79 8.56 12.67 15.86 5.99 6.55 6.11 6.77 3.70 4.08 8.33 9.21 5.63 6.24 5.08 558 4.60 5.05 6.82 7.09 8.70 9.51 S.31 5.84 7.91 609 6.69 6.70 734 Toronto mines, industrials (SoppBed By Richardson Securities ot Canada) LAST BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) (11 a.m. Quotes) MINES Aims Advocate Asb" Akaitcho Bra Broulan Betnlehem Bovis Brunswick Can N W Land Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dtckenson Mines Denlscn Mines Deer Horn D'Eldons Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Giant Y.K. Granduc Hollinger .11 1.22 1.12 2.30 .42 16.25 2.25 5.45 11.25 1.12 1.18 5.65 J7 1.02 8.00 3.60 .05 .60 93.00 1.35 4.10 2.85 79.00 36.25 29.75 2.70 Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Tek Corp. Texmont Upper Canada Western Mines W H Cop Mines Wright Hargreaves 1.00 Willroy 1.10 Windfall .17 Bear 3.85 Zennnac .13 INDUSTRIALS 4.20 .29 2.95 3.05 3.85 Afaitibi Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel 12.25 32.25 Brazil Trac 70.00 B.C. Tel 9.10 Burns 3.90 B.C. Forest 46.50 B.C. Suoar Hudson Bay M-S 27.37'A Bow Val Ind Hydra Ex. iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Aftalartic G.F. Martin McNeely Maclntyre ff.sta Midrim Intern Mogul Nu West Homes New Athena New Calumet Noranda Nvtngatt Norlex Osiska .31 Cable 3.70 CAE Ind 2.21 Cdn Brew .23 Chemcell 13.00 Col Cell .34 Calgary Power ii.OO Coron Credit 3.05 C.W.N. Gas Pfd .OS'.i Cdn lr.d 1.25 Cdn Marccr.i 101 Cdn Vickers .31 Chrysler 57.00 C.P.R .17 Cominco .15 Cons Bath 14.75 Cons Gas 8.37'3 Dist Seagrams .15 Dom Bridce .27 Domtar J4.00 Dom Textile 6 35 Dom Stores .35 Dome Pete .24 Dofasco Giendsle Grt Cdn Oil Gen Motors Grt Lakes PD 1.40 Gulf; Oil Cda .42 Greyhound 30.12VJ Hawker Sid 9.30 Hiram Walker 17.87'A Hur Erie 1.62 Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaos Kelly Doug A Laurentide Loeb Lcblaw A Met Stores Massey Ferg McMillan Bloe 12.00 Moore Corp 7.25 Molsons A 10.75 Molsons B Nachurs 18.00 North Cent 50.00 Power Corp 15.62VJ Price Co. 18.25 Rothmans 18.87V2 St. Law Corp 36.75 Shell CDA 16.12V4 Simoson's 10.25 Simp Sears 4J5 Steel of Cdt 4.45 Selkirk A 5.12Vi Texaco 24.00 Traders Grp A 1.80 Trans Mtn Pp 10.871-i Trans Cda Pp 14.37V3 Union Carb 3.50 Union Gas 15.00 Union Oil United Versatile Mfg. 33.50 Wesfeel 25.00 Weston's B 1612V2 Woodward's A 41.25 West Cdn Seed 37.116 Zenith Elec 22.75 BANKS 8.12'A Cdn Imp 14 M V-cniresI _. Nova Scotia JS.8TV7 Royal 27.37'a Tor-Dom 8.05 63.50 22.75 36.00 18 JO 4.55 55.75 29.00 41.25 3I.87V4 24.25 9.50 25.3716 18.00 6.37V2 11.50 4.80 6.371'j 17.25 21. DO 31.00 51.87Vi 25.25 24.00 7.62'A 9.75 11.62V2 15.00 20.75 9.25 11.00 32.3TO 15.25 66.25 18.25 20.00 31 JO 16.00 16.50 4.80 6.50 15.00 22-25 5.00 2.JO '30.371 33.25 34.75 35.00 New Yorfe stocks By Rlckirttoa Seevfttet Cnafa) Arm- T and T Anaconda Steel Clwysler Comsat Dupont OM Gulf Int Harvester Copper 51.25 Sears 22.50 X-Ron 27JO Texas 2S.62Vi Texas Co 52.00 Wickes Corp 171.50 Woolworth 101.00 20 Golds 295.07 off 1.69 10 Base Met 107.4? off .77 26.12li 15 W Oils 249.11 off 2.35 33.00 Volume 20.00 NEW YORK AVERA6ES 22.00 30 Indust 930.31 off 6.40 ._. 68.50 Westinghcuse Elec 37.75 20 Rails 16S.81 off .92 23.75 U.S. Steel 29.12% 15 utilities 100.23 off 31 Gen Tel Elec SO-iZVi 28.25 TORONTO AVERAGES off Montgomery Ward 21.75 20 Indust 219.68 off .4! Volume PIONEER CANADIANA ANTIQUE AUCTION SALE SATURDAY, AUGUST 4 AT 10 A.M. and FRIDAY EVENING HORSE SALE AT 7 P.M. located 1 mile eost of Veteran, Alberta on Hwy. 12, then 21i miles south on the Youngston rood. Due to ill health, Mr. end Mrs. George Mvlgrove have engaged me to sell by Public Auction their large collection. Fallowing is o list in part: 1928 Chrysler, 1928 MeCormiek Jroctor, Mode) A Ford, early 1900 horse-drawn hearse, licence ploies from 1919, scotch tops, sleigh bells, walking Ford tractor wrih blade, butlcet end mower, Forney welder 180 amps; NWT brand book 1903, roll top desk, brass bed, round oak table and chairs, tnorris choir, spin- ning wheel, coffee grJnders, chums, copper boiler, crocks, lots, woll telephones, Edison grarnapnone, mustashe cups, pressed, camevol end ruby glois, cool oil lamps, basin and sets, plus many other collertoblej. Note: On Friday evening ot 7 p.m. 1 sell 30 heod of Shetland ponies from American and Canadian registered stock inc. 7 brood mores ond fools, s'aiiion and balance are 6 yrs. old or younger; all ore block bay, sorrel or dopple chettnul; 2 sets erf harness, cutter, buggy ond Julkie on rubber. on view Friday fvnnmg Saturday A.M. Terrn cash or cheque, lunch available from locol Form Women's Club ot reasonable charge. Auctioneer: LARRY IRVINE Lie. 010069 PHONE 245-2422 RES. 245-1087 Grain prices Winnipeg grain WINNIPEG (PC) Prices were again lower in all grains except flax in 'light trade at mid-session today on the Win- nipeg Commodity Exchange. Flax was bid up its 20-cent limit in all months except July, where it was five cents lower. Rapeseed declined its 20-cent limit in most months. Oats and barley posted small declines, while rye tvas as much as 4% lower. Friday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: July 5 lower 10.26B: Oct. 20 .higher 10.09B: Nov. not open; Dec. 20 higher 9.64B. Rapeseed Vancouver: Sept. 20 lower 7.59A; Nov. 20 lower 7.12A; Jan. 19 lower 6.89; March 20 lower 6.90. Rapeseed Thunder Bay: July 20 lower 7.16A- Oct. 20 lower 6.87; Nov. 20 lower 6.72A; Dec. 20 lower 6.37A. Oats: July 2 lower 1.67B: Oct. lower 1.68V4B; Dec. low- er Barley: July lower 2.42A; Oct. 2 lower 2.43A; Dec. lower 2.42'.iB. Rye: July 4'i lower 2.63B; Oct. 1 lower Dec. lower 2.717SA. co-ordinate construction of off- shore superports. These superports might be man-made islands, floating plat- forms, or simply an oil pipe sticking out of the water. They would be located anywhere Erom three to 30 miles offshore in water depths of more than 100 Pipelines, or barge traffic, would connect them to the mainland. The proposal has been bit- terly fought by East Coast esi- dents who visualize their beaches covered with the cargo from the huge tankers. But the states of Texas and Louisiana jre racing each other in their attempts to build the- first such port in the U.S. Train testified that superports cculd significantly limit the probability of collisions because they from trances. could ports be located away and harbor en- Shirt tailors stitch together TORONTO (CP) Dylex Ltd. announced this week it has reached agreement to ac- quire a majority interest in Fprsyth Trading Co. Ltd., a Kitchener. Ont., manufacturer of men's shirts. The deal will result in Dylex also acquiring control of two other shirt com- panies. Hospital help accept offer CALGARY (CP) Members of the Canadian Union of Pub- lic Employees, Local 8, hove voted to accept a contract offer from Calgary General Hospi- tal. Mike MacGregor, Local 8 president, said 96 per cent of tha 830 members voted in favor of the offer, which calls for a storting salary and a 7.5 per cent wage increase in 1974. Contract terms are retro- active to last January. The CUPE action in Calgary is expected to influence the sit- uation at the Royal Alexandra Hospital in Edmonton, where 1.000 members of CUPE Local 41 have been on strike for more than a month. CNR SELLS BESSBOROUGH SASKATOON (CP) The Bessborough Hotel, built for Canadian National Railways in 1932, has been sold by the rail- way to a group of Saskatoon residents. Employees of the hotel were to be informed today of the change in ownership. Purchase price and other de- tails were not disclosed. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Monday was down 3-25 at Bl-0. Pound sterling down 8-10 at In New York, the Canadian dollar was up 3-25 at S2.00 1-10., Pound sterling down 1 at A statement from Dylex said Forsyth is to acquire all shares of Mylord Shirt Manufacturing Ltd., Toronto, arid Bluestone Shirt Co. Ltd., Montreal. The acquisition by Dylex of Forsyth and the two Forsyth acquisitions will be cash trans- actions, but amounts were not disclosed. Combined sales of the com- panies are at a current annual rate of about million. Forsyth has plants at Kitch- ener and St. Jean, Que. Livestock report Calgary livestock CALGARY (CP) Receipts to 11 a.m. from the Calgary Public Stockyards showed sales of 100 head, mostly replace- ment cattle. Trade was active. The few slaughter steers on offer sold steady for quality at last week's dose. There were insufficient sales of cows or bulls to establish a market. Steers Al, A2: 48 to 48.90. A3: 46.75 to 48. Heifers A3: 43.75 to 45. Replacement were shortkeep steers and heifers in the heavi- er weight range selling at steady prices. Few fight weight stock calves sold steady. Good feeler steers more than 800 pounds: 45 to 50.70. Good feeder heifers more than 600 pounds: .46 to 47. Good stock steer calves un- der 300 pounds: 76 to 83. Good stock heifer calves un- der 300 pounds: 64 to 65. Preliminary slaughter fig- tires for the week ending July 28: Alberta hogs: Beef: Canada hogs: beef: Language training plan pressed by Air Canada Week opens with light trading TORONTO (CP) Prices on the Tofonto stock market were generally lower in light mid- morning trading today. The industrial index, consid- ered the major indicator of market trend, rose .01 to 220.15. Golds were off 1.97 to 2M.79, base metals 1.00 to 107.26 and western oils 1.18 to 250.28. Volume by 11 a.m. was 000 shares compared with 000 at the same tune Friday. Declines led advanced 107 to 98 with 140 issues unchanged. Rank, steel, paper and forest and merchandising issues were higher while beverage, pipeline, trust and loan and chemical stocks were among sectors of the market recording declines. Standard Paving rose 1% to General Motors 1% to Molson A to Westcoast Pete to and Algoma Central to Andres Wines fell to Texasgulf IVs to Cominco to Inco to and Carma Developers to Hudson Bay Mining fell to Falconbridge Copper to and Camflo 30 cents to Hollinger was up to and Mattagami to Decca was down 25 cents to and United Canso to Total Pete gained 10 cents to TORONTO (CP) Air Can- ada wants more of its stewardesses and pursers to speak both official languages. A company proposal calling for voluntary language training is "a question of consideration in the collective Don Carlisle, public-relations manager here, said Wednesday. Representatives of Air Can- ada and the Canadian Air Line Flight Attendants Association (CALFA) entered conciliation talks Monday in Montreal fol- lowing three months of negotia- tions. Federal conciliator Nat Gray was appointed by the federal department of labor to help set- tle the dispute between com- pany and employees. The con- tract expired May 31. Mr. Carlisle and Frank Fa- bian, general chairman of CALFA in negotiations with Air Canada, refused to give details of the proposal. However, it was learned that the company is suggesting a two-phase language program through language labs at each of the company's four bases and a third-phase total immer- sion course in Quebec. The company would cover the cost of the training but it would be conducted on the employee's ovm time. Mr. Carlisle said more than half of all flight attendants em- ployed by Air Canada in May we're bilingual. Of these, were based in Montreal where French is required for a post- ing. In Toronto, 286 of were reported to be. bilingual, while in Winnipeg 21 of 144 and in Vancouver 79 of 252 cabin at- tendants had qualified in both languages. Three weeks ago a Van- couver-bound Air Canada DC-9 with 94 passengers on board was delayed. 30 minutes because 26 French-Canadian passengers refused to continue their flight without a French-speaking stewardess on board. The flight had originated in Montreal but the French-speak- ing crew was changed in Winni- peg. MONTREAL (CP) Prices were mixed in light trading on the Montreal stock market Mon- day. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same time Fri- day. Utilities dropped .54 to 147.96, the composite .15 to 230.14 and industrials .10 to 247.58 while banks gamed .39 to 267.00 and papers .29 to 127.50. On the Montreal Stock Ex- change, Scott Paper dropped 2% to Canada Permanent Mortgage to Hudson Ray Mining to and Rapid Data to while Denison Mines advanced to On the Canadian Stock Ex- change, Cuvier Mines gained five cents to o shares traded. NEW YORK (AP) The stock market moved lower to- day, marking what seemed to be the end to a 10-day rally. The Dow Jones average of 30 industrials at noon was down 4.37 at 932.34. In the previous two weeks the Dow had climbed about 50 points. Advances trail- led declines on the New York Stock Exchange seven to five. Trading was moderate. The boost in the prime lend- ing rate at some banks to 8% per cent from 8% acted as a drag on the market, analysts said. Among Canadian issues on the New York exchange, Dome Mines fell 1% to Hudson Bay to Hiram Walker to and Inco Vt to Mclntyre was unchanged at and Massey Ferguson at Probe dumping of olives OTTAWA (CP) The na- tional revenue department an- nounced yesterday it has launched an anti-dumping in- vestigation into green olives im- ported from Spain. Dumping is the practice of selling goods in Canada at prices below those in the coun- try of export. If dumping is proved in the case, the anti-dumping tribunal will be asked. to determine whether the practice has harmed Canadian production. In those circumstances, the im- porters would be required to pay a provisional duty equal to the margin of dumping. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: S9.35 average Friday 59.26. Red Desr: 59.15 average Fri- day 59.47. Calgary: 59.35 average Friday 59.23. Total hogs sold to 11 a.m. 908. Total Friday average 59.29. Sows average 40.70. Foreign investment curbs won v Vancouver brokers VANCOUVER (CP) The Vancouver Stock Exchange (VSE) "views with concern" the prospect of restriction on foreign investment. In a brief to the federal-pro- vincial conference on Western Taxation column: Calgary economic conference initiative surprised West By I. H. ASPER W. E. 0. short-hand description in government circles to describe the Western Economic Opportunities Confer- ence in Calgary wound up Thursday night, and evaluations on the progress made in achiev- ing concrete solutions to West- ]era Canada's grievances will fol'ow ia the weeks ahead. The fact that the conference took place at all is itself his- toric; but what still surprises political scientists and pundits in Western Canada is that the iniative for the meeting came not only from dirty word for many in the from an OOawa dominated by a French Canadian prime minis- ter. That should be ihc least dim- cult to understand, it is a very sbort and natural step from un- NDP governments because it is consistent with their political philosophies that the tax system should be neutral as a factor in- fluencing making. business However, decision- Alberta's Quebec to a sympa- pirataons. Indeed, as the West- em alliance firms up. one can predict an informal, but natural mutual support pact to develop between the two re- j particularly if Quebec Premier Peter Lougheed might have been expected to call for a tax system which can be used as a regional economic stimu- lant. Nevertheless, the use of the tax system as a major weapon in battling the barriers to West- em economic development is receiving scant attention at the conference. If it continues to be overlooked, the job of contin- uing the nation building in Can- ada's potentially rich Western region will be unduly protracted and unnecessarily difficult Any discussioa of Western economic problems necessariiy focuses on the traditional sub- jects of freight rates, distance its cocoon and re-establishes iis iJ, -r in the Canadian Pacific nm and on- nvjinstreani "The grievances have s and consumers, sparse- ness of population, access lo the massive amiunts of develop- ment capital to develop the re- source base, the opening of the been If there as a surprise in the content of the conference mate- rial, it is the lack of discussion of the role of the tax system in advancing Western opportunities. The hive fai'ed to take the initiative well catalogued. The country has listened and the federal gov- ernment has shown its wifling- ness to set. Now. the debate on economic the the 'NOW 11 will be unfortunate if the tax system is not awarded a i here. This, might be expected prominent role in the policies Crna UK tiree provinces ted by jthat make 19 Prime Minister Trudeau's new national policy. To be sure, the desired results might well be achieved by using rasdicine other thaa taxation in- centives, but nothing is quicker, cheaper and more effective than in imaginative tax policy, used in conjunction with other stimuli in achieving a desired economic result. It is more than a decade since Ottawa used the tax sys- tem in battling regional eco- nimic disparity. Ths predeces- sor of DREE, and A.D.A. was a tax carrot which provided that, if an industry located in a slow growth region, it would be awarded a three-year tax holi- day. The concept was good but H was rather crudely applied and because UK tax holiday had universal effect in almost every region of the country, corpo- rations to which it shouldn't have applied were able to take advantage of it and it bad little effect in redistributing the na- tional economic growth centre. However, that was a decade ago and the tax system has become far more sophis- ticated and now far more ca- pable of being used skilfully as the key instrument in com- pensating for and neutralizing other economic disadvantages which have impaired western development. The Western Liberal Party recognized UBS two weeks ago when, at its Vancouver policy conference, it adopted a resolu- tion advising the federal gov- ernment to use all fiscal tools including the tax system to create incentives toe Western economic growth. The options are many and varied. A capital gains tax abo- lition on profits made on the Winnipeg Stock Exchange might be effective in creating a new financial centre in the West; a tax holiday on profits from export sales made by Western manufacturers would overcome tariff and trans- port barriers and assist in es- tablishing job-giving manufac- turing industries in the And so on. For any tax incentive plan to work there must be agreement between the federal and provin- cial authorities. It would be a useless exercise if the federal government lessened a tax only to find a provincial government moving in to fill the void with a new tax And therein lies the problem. H takes no genius to devise ef- fective tax incentives, but it takes a Solomon to be able to negotiate compromise amongst conflicting political philosophjcs and compsting levels of govern- ment. Western Canadians have le- gitimate social, economic and poMcal complaints against the Canadian structure, bat they also suffer from many self-in- flicted wounds. The, as yet, un- answered question from the Calgary Conference is not how far Ottawa is prepared to go, but bow far each of the Western provinces is prepared go i n he'ping themselves. (Mr. Asper h Winnipeg law- economic, opportunities which opens today in Calgary, the ex- change says: 'Foreign investment is espe- cially important to British Co- lumbia-in view of the high capi- tal investment per employee in resource-based industries In formulating policy on in- vestment by foreigners, we sug- gest that the needs of the West be given separate considera- tion." The VSE's brief adds that dis- cretionary regulations and negative threats create uncer- tainty which can postpone bene- ficial economic developments, a problem to which the West is particularly sensitive. Noting that B.C.'s economy is heavily biased towards the nat- ural resources bias which has produced a commu- nity with Canada's highest av- erage hourly ex- cnange suggests that any stimu- lation from the federal govern- ment be directed to encourage high technology, research-ori- ented activities. "Artificial stimulation by gov- ernment of secondary manufac- turing frequently discriminates against natural resource devel- opment and results in a reduced standard of living for B.C. rea- the brief says. The VSE also recommends that federal policy should en- courage the growth of Van- couver as a major financial centre for Western Canada. Location of the Canadian De- velopment Corp. head office in Vancouver would be a step in this direction, but, says the ex- change, there are other govern- ment operations which might make a more natural contribu- tion to future growth here. "Other government agencies, particularly those involved mort heavily in research, would be even more welcome in toe VSE says. The exchange is critical of the fact that B.C. has only nine per cent of federal government employees, but 10 per cent of the labor force, and is poorly represented in the executive, scientific, administrative professional categories and which Ontario has 22 per cent as a proportion of its federal employees, versus 14 per cent for B.C. Local autonomy in the secu- rities field should be preserved to recognize local experience in the financing of regional devel-. opment, especially speculative resource development, the VSE recommends. Dr. and Mrs. Kuipers HOME FOR SALE! 3602 South Parfcside Drive I Well built 5 bedroom fcmily home with indoor pool Jropicol gorden, 2 cor garage with electric door, all droperiet ond mony more luxurious features. 328-4645. I ;