Lethbridge Herald, The (Newspaper) - June 3, 1970, Lethbridge, Alberta
THE UTHBRIDGE HERALD Wndrtmcloy, June 3. 1970 Suggest Tax Aid, t'TTAWA (CP) Tax advan- tages should be given to holders provincial and municipal lionds as an incentive to pour into Canadian de- velopment, the Investment Dealers' Association of Canada said Tuesday. Appearing before the Com- mons finance committee, the as- sociation also said Finance Min istcr Edgar Benson's white paper proposals for sweeping revision of the Income Tax Acl will seriously cripple incentives in Canada. E. C. Manning, former Al- berta premier and now a busi- nessman, appeared with the as- sociation's delegation to urge that Canada adopt a tax system that actively promotes expan- sion and development. Any sys- tem that is merely neutral would be retrograde, he said, and the white paper proposals will have a negative effect. The association said that hold- t-.-s of provincial and municipal bonds should pay only 10 per1 cent cf their interest earnings in taxes, rather than the stand- ard rate of personal income tax wliich could run up to 50 per cent under the white paper pro- posals. If only a quarter1 of the people in middle-income brackets put only a third of Uieir available investment (u n d s into such I bonds, would be tapped, the association said The provinces and municipal! ties are particularly hard pressed for funds. Gold, Dollar Reserves In Britain Rise LONDON (Reuters) Brit- ain's gold and dollar reserves rose by to reach in May, the gov- ernment announced today. It was the ninth straight month that there has been an increase. Today's disclosure of the state of Britain's reserves is the last to be made before the general election June is. When Ilarpld Wilson became prime minister Oct. 16, 1964, the gold and dollar reserves stood at This, however, was before 'devaluation of the pound in November, 1967, which had the effect of altering its monetary value. On the basis of today's values, therefore, the in 1954 now would be w'orth about The Wilson administration can therefore claim that it has marginally increased the size of the reserves during their 5U years in office. In fact, however, the tme gain is much higher as govern- ment policy, especially during the last year, has been to use additions to the reserves to repay overseas loans made to help the pound in its battle for survival. The pound was worth about today in relation to the free-floating Canadian dollar. Cent Peg Suggested Bv Bennett VANCOUVER (CP) Pre- mier W. A. C. Bennett of Brit- ish Columbia says the Ca- nadian dollar should be pegged at 90 cents U.S. In a telephone interview from Hong Kong. Mr. Bennett tcld the Vancouver Sun be hopes Ot- tawa's move in freeing the dol- lar will be temporary. "It should be 90 cents. That's not feasible light now but it would be ideal for B.C. "To compete In a large economy like the Udted States next door, the Canadian export industry needs a 10-per-cent ad- vantage." The premier, here on a trade trip, said the action of the fed- eral government in cutting the dollar loose from its peg of 92.5 cents U.S. will not help B.C.'s trade with the Orient. However, he said, "it'll grow in any case." Mr. Bennett said he didn't know all of Ottawa's reasons so he could not pass judgment. But he added: "I regret that the cabinet found it necessary to take this action." He said the banking and busi- ness people he has talked with in Hong Kong look on the float- ing Canadian dollar as a tem- porary measure and expect it to be pegged again "the same as before." The premier said a 90-cent peg would be better for the workers of B.C., the export trade and the tourist business. He returns to Vancouver Wednesday. n i vT-Sx A I %r r TWO-WHEELED TRANSPORTATION-With equipment on his back and field radio and Cambodian flag in his hand, a Cambodian soldier rests on his bicycle before setting off to tour heavily damaged town of Tonle Bet, on Mekong River, 70 miles northeast of Phnom Penh, Cambodia. The soldier is member of U.S. trained mobile strike force. May Use Bombers WASHINGTON (AP) Tire White House hss raised the pos- sibility that B-52 bombers might je used in Cambodia after June 30 if such missions are felt nec- essary to protect United States .reaps in South Vietnam. But officials have ruled out any tactical air support for the South Vietnamese in Cambodia after that deadline for the with- drawal of American troops. The word came as President Nixon wcrked on a Cambodian >rogress report to be carried on lationwide television and radio Wednesday at 9 p.m. EDT. Presidential press secretary lonald L. Ziegler told reporters :n San Clemente, Calif., Monday hat all U.S. taxips, as well as logistical and air support for the South Vietnamese would be withdrawn from Cambcdia Jur.e 30 as President Nixon had said earlier. But Ziegler emphasized that "U.S. air action would be in re- lation to. the security of the U.S. fcTces in South Vietnam" and he did not rule out the use of the strategic bombers in this role. As Uic president worked on his speech, a new more was started in the House >rf Repre- tive Charles A. Vanik (Dem. to limit military in Southeast Asia by attaching a curb on Nixon's proposals to in- crease the debt limit to from Several previous House ef- forts to restrict Nixon's moves in Indochina have fsr.led. Orders New Trial In Wake Of Reports CALGARY Jus- tice J. V. H. 'Milvain of Alber- ta Supreme Court Monday de- clared a mistrial in the cases of 16 men charged with con- spiring to commit bookmaking. He ruled that improper news reports were prejudicial. Chief Justice Milvain dis- charged the 12-man jury and set Aug. 31 for consideration of a new trial date. Defence lawyers Milt Har- of Calgary, Har- ry Walsh of Winnipeg and Wil- liam Deverell of Vancouver ap- plied for the mistrial, claiming that broadcast and published reports had made prejudicial references to events not in trial testimony. Chief Justice Milvain said: "I am perfectly sure that thi laws of Canada recognize, am very properly so, a doctrine we have come to know as- freedom of the press. "However, there is at the same time another and prob- ably more important concept o the law and that is that no man shall be denied a fair and im partial he said. ''I'm sure that in law it is qmte fair and proper for the news media to publicize a and fair report of evidence that is g i v e n at a trial. But is no! fair or proper to make any comments on that evidence, or publicize along with that evi- dence, things that happenec What! You still haven't tried real.., FISH CHIPS HltlAet B5c buys you the finest English fish and chips you have ever eaten. Light, flakey, delicious, fresh Mother Brown's. Not a bone in a boatload! outside testimony in the court." If the press attempted to pub- lish such matter it would he "delegating to themselves the responsibility of determining guilt or innocence. No man shall be tried in the press or by the outcry of public the chief justice said. Charged are Arthur G. Mc- Donald, 46, of Calgary, Patrick Perry, 44, of Toronto, George Popescul, 45, of Regina, Pollock, 39, and Anthony S. Per- ry, 37, of Vancouver, Bernard Lavitch, 30, Jeremiah Katz, 30, Charles Chisick, 55, all of Win- nipeg, Joseph Frankel, 44, Da- vid Miller, 60, Robert Miller, 25; Walter Kohos, 40, Morvin Weiss, 44, Joseph Cocolicchip, i, Peter Skyler, 48, and Lewis Phillips, 44, all of Montreal. The men were arrested in po- lice raids in November, 1967. No Change Given For TORONTO (CP) "no exchange, sir." That was the answer American tourists would get in some downtown stores here if they went shopping with United States dollars. A spot check showed that several stores have reacted quickly to the sudden jump in value of the Canadian dollar and removed tfc premium-iDn-U.S. currency sign. One clerk said his store lost several hundred dollars Saturday and Sunday by paying a premium on U.S. dollars but couldn't change at the bank until Monday when the rate was freed. CLIMB -MAKALU KATMANDU, Nepal (Reu- ters) Two Japanese climbers have conquered Makalu, the world's sixth-highest mountain, by the difficult southeast ridge, a message received here said Tuesday. The climbers reached the Himalayan sum- mit May 23 after a 17-hour struggle. Green Beret Case Posed 3 Dangers NEW YORK (AP) Robert P. Marasco, a former United Btates Army captain, says that if the Green Beret case had gone to trial the U.S. govern- nent and the Central Intellig- ence Agency would have been embarrassed and that "incom- petency" would have been ex- in the command .in Sai- ;on. Marasco and seven other U.S. Special Forces charged with tile murder of Thai Khac Chuyen, a South Vietnamese national ro- Phoiograplier Threatened By iutcd lo be a triple agent in the case, tail the charges were later i r> dropped. Palace Guard CIA would have been embar- rassed, the incompetency of the command in Saigon would have become very obvious." Marasco said he was told that Gen. Creighton Abrams, U.S. commander in Vietnam, and his top intelligence generals in Sai- gon did not know of the exist- ence of the Cambodian spy unit. Scarred PETER OKGGSON OWERR1, Nigeria (Reuters) The wounds of battle arc healing across the land that was Biafra, but the scars run deep among the Ibos. Life is pulsing back into the market towns and villages of the former breakaway eastern state. Starvation, which crip- pled the self-styled Biafran re- public more severely than mili- tary action, has been checked. But the problems are far from over. It is still a line of hard- ship and scarcity '.or the Ibo people of the East-Central state, which covers most of what was the Biafran enclave during 30 months of bitter conflict with federal Nigeria. Because of a huge relief oper- ation, the situation has im- proved enormously since the end of tha fighting in January. The physical signs of war are few and the people in the towns look healthy and the markets are full of goods. Electricity has yet to be re- stored and most of the cars on (he dusty roads still carry the distinctive red Biafran number plates. But the word Biafra is nowhere to be seen. Trade has been resumed and Owerri. the main town of the southwest corner of the Ibo heartland, is again a bustling market place with a plentiful supply of goods. But it is the villagers not the townsfolk that have been hardest hit by the war. The farmers arc still three or four months away from harvest- ing their main a starch a lack of food and money are hindering their progress back to normality. In the food that is available, there is the lack of protein which caused widespread dis- ease among the Ibos r.ear tha end of the war. Relief workers estimate about children still arc being treated for mal- nutrition. Doctors say llicy fed confi- dent that if the food level stays the same there should be no more deaths. But starvation could quite easily happen again unless something is done to keep the food flowing. Eelief workers are seriously concerned about the future ol; emergency food supplies, which are scheduled to be phased out completely by the end of June. Only .skeleton relief services will be continued by the govern- ment rehabilitation commission. Mclhyl Ilydrale Poisoning Follows Camnore Booze Parly CALGARY (CP) The Can- more teen-agers are reported improving in hospital from tha effects of methyl hydrate poi- soning. Authorities at Foothills Hos- pital said they expect Dorothy Dion and Ralph Gallant, both 18, to be released within a few days. RCMP said the teen-agers and two men who did not re- quire hospital treatment ap- jparently drank the chemical, available commercially in anti- freeze, at a party in Canmore. The metlryl hydrate had been mixed with soft drinks. I It was the second such inci- I dont in Canmore, 80 miles west of Calgary, in six weeks. An inquest is scheduled for Canmore today into the death cf two men, aged 17 and 26, fol- lowing a 'methyl-hydrate drink- ing session in the town last April 14. Six persons, including Mr. Gallant, required hospital treatment after the April party. PLANS NEW ROUTE TORONTO (CP) Ameri- can Airlines Tuesday announced flights to Hawaii and the south Pacific beginning Aug. 1. Daily service wnll be provided from Toronto to Honolulu, via Chi- cago. 3716 Ulh Avenue South Phono 328-8392 pped Marasco, who resigned la's commission last year, declined o say whether he took part in he killing of Chuyen. He said in a taped interview o be shown tonight on NBC-TV hat the greatest danger posed iy Chuyen was his knowledge hat Green Beret intelligence iperations in a section of Cam- bodia wore run independently by Americans and that (ho agent might hove informed the Scuth Vietnamese of this. Marasco said this was a viola- tion of agreements with South Vietnam requiring co-operation in intelligence work. Asked if the matter had gone to trial who would have been embarrassed by its revelations, Marasco said: "I would say offhand that the United States government would BUCHAREST (CP) A Ca- nadian newspaper man was dis- suaded from taking a picture Tuesday by a palace guard waving a sub-machine-gun. Tho. tr-eident occurred when a group cf Canadian reporters was leaving (he .State Council Palance where External Affairs Minister Sharp of Canada had just seen Romanian Premier Mnurer on .'in official visit. Reford of FP Publica- tions Ltd. tried to lake a picture of the guard, who shouted no in Romanian and cocked his sub- niachine-gim. Tho guard then gestured in the reporters to get away from the although they had been invited by (he Romanian foreign ministry to see the meeting. Reford also had offi- hava been embarrassed, the I cial approval to take pictures. Open Daily 9 a.m. lo 6 p.m.; Wednesday 9 a.m. (o 1 p.m.; Thursday and Friday 9 a.m. lo 9 p.m.