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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 3, 1974, Lethbridge, Alberta 8 THE LETHBRIDGE HERALD Monday, June 3, 1974 More vegetables to be available OTTAWA (CP) More beans, carrots, corn, peas and tomatoes should be available this year than last, an agricultural department report indicated today. Intended acreage for the five major processing vegetables is up to 10 per cent from last year, the department said. Intended bean acreage was expected to increase this year by tour per cent: carrot acreage by 36 per cent, corn acreage by seven per cent. pea acreage by 16 per cent and tomato acreage by four per cent. But intended acreage for cole crops asparagus, broccoli, brussel sprouts, cauliflower and cucumbers was acres, about the same as last year. Broccoli acreage this year would be up two per cent, brussel sprouts up 13 per cent, cauliflower acreage up 15 per cent. Cucumber production likely would be increased by 50 acres, the report says. Beet acreage also was expected to increase by 960 acres but asparagus acreage FRAME STYLES From AROUND-THE- WORLD would drop 17 per cent from 1973. The general increase in vegetable acreage reflects the short supply of canned and frozen vegetables, the report says. Weather permitting, the vegetable processing industry likely would be able to pack five to 10 per cent more tonnage of canned and frozen vegetables this year The report also says that contract prices to producers this year have increased an average of 48 per cent. South farmer still able to claim losses EDMONTON (CP) Southern Alberta farmers who lost livestock in a freak blizzard in late April still have a chance to register their losses with their district agriculturalist, deputy premier Hugh Homer says. Bob Clark, Social Credit House leader, raised the matter in the legislature, noting that newspaper advertisements placed by the government say May 31 was the deadline for registering losses. Dr. Homer said late applications will be accepted and that May 31 was not intended to be a "rigid date." Wilson's Manufair Pipes, masonry, mobile homes, trucks, trailers and boats were all part of the Wilson Junior High School's "Manufair" held on the school grounds Saturday. The fair was an exhibition of locally-manufactured products and was the final exercise for 22 Grade 9 students who have used class time to work in local manufacturing firms. The project was part of a social studies program at the school. Economist devises oil plan to make countries richer LONDON (AP) Higher oil prices can make just about every country richer, American economist David Kleinman says. He has devised a plan that he believes will give both ad- vanced and developing coun- tries a stake in new Arab oil riches, to the benefit of all. Kleinman, a professor of fi- nance at Fordham University in New York, has been explaining his ideas to government officials in London and Paris. "They have shown a great deal of he said in an interview before leaving for home. Basically, Kleinman's plan would encourage oil- producing countries to invest their new wealth in developing countries, attracted by an arrangement that would LBTEK GAL. REG. Nows the lime to brighten your home with "One Coat" house paint Formulated from the linett ingredients, it withstands even the most extreme weather Choose from oil base. latex or finishing while. Buy now the savings are great! Cons short-fated to allow for the o dainofi of coioi ontA. VH 69' Centre Village Mall Phone 329-0037 J invest their money widely and promise them big profits. Saudi Arabia, for example, might put up million to build a paper plant in Pakistan. Pakistan, the developing country, would use the money to buy plant equipment and other capital goods from advanced coun- tries such as Britain, the United States and Japan, setting off export booms there. The successful paper plant would help both the Pakistanis and the Saudi in- vestors "In my opinion in only one generation we could raise the standard of living of one billion people in developing countries to the level of say, northern Kleinman said of his plan. The International Monetary Fund and other groups have tried in the with- out interest Arab oil producers in recycling their earnings as investments in other countries. The Kleinman plan, however, has two big differences from earlier plans. First, it depends on devel- oping private financial markets in key centres of the developing world, particularly in Asia and Latin America. This way the experts, such as commercial banks handling the Arab money, would decide which projects are most likely to succeed. They would be able to make quick and efficient decisions, unlike international government aid organizations that can take years to study a project before granting approval. The.second key difference in his plan is called "indexing" and would let investments in developing countries be cor- rected for inflation. Under Kleinman's plan, an Arab in- vestor would earn a high rate of interest on his money after the loss from inflation is sub- tracted. Business success to be maintained MONTREAL (CP) Cana- dian business is inflated, in- tensely regulated and pressed excess demand, but it was a success last year and should be so again in 1974, the Canadian Manufacturing Association was told today at the opening of its annual meeting. Pick an economic indicator, said executive vice-president and general manager W. D. H. Frechette, and it is likely to be on the positive side of the chart. But the omnious under- currents inflation, shortages, government business disagreement on are changing business per- spectives and putting a pre- mium on the ability to cope, he said. Mr. Frechette tabled a report on the state of business which said that Canada's real gross national product grew 7.1 per cen in real terms last year, while average unemployment dropped to 5.6 per cent from 6.3 per cent in 1972. By other traditional meas- ures, there were a record 000 new housing starts while real personal disposable income per capita grew for the third consecutive year. Business contributed its own successes, with manufacturing output jumping by 8.2 per cent last year and expected capital spending for 1974 climbing to billion for a 28 per cent in- crease over 1973. After-tax return on total shareholder equity rose to 14.4 per cent last year, but the re- port says that much of this is overstated and reflects the soaring inflation rate. By any of the traditional measures of employment, sales and profits, it has been a successful 12 months of said Mr. Frechette. "But the rising crest of in- flation has brought with it serious questions about the relevance of conventional financial reporting and a changing management emphasis from marketing and sales to procurement, production and he said. "Both the pace of change and the realization of its underlying pressures have quickened, spurred by such dramatic events as the energy crisis of last winter and by the persistence of shortages over a wide range of commodities and skills." The Canadian Manufacturing Association has sought answers to these and other problems by closer consultation with govern- mental units, Mr. Frechette' said. '74 wheat crop drop expected AGASSIZ, B.C. (CP) Federal Agriculture Minister Eugene Whelan said Sunday this year's Canadian wheat crop will be at least 20-per- cent below average recent harvests. He told a small crowd here that cold, wet weather has delayed cereal seeding from B.C. to eastern Quebec. Mr. Whelan said the wheat crop is the most severely affected. Prairie farmers have planted only seven to 10- per-cent so far, compared with 55-per-cent normally by this time. "We certainly won't have any surpluses this said Mr. Whelan, speaking in support of Liberal Jerry Pringle, who is attempting to regain the Eraser Valley East riding from Conservative Alex Patterson. Peak year for pork OTTAWA (CP) The agriculture department predicted today that pork production, which has been increasing steadily since late 1973, will peak this summer and then decline through 1975. Allan Goswell, a departmental economist, said in a news release that hog slaughter during the second quarter of 1974 will be five- per-cent above the same period of 1973 and, for the third quarter, will be up by four-per-cent over the corresponding period last year. "But combined marketings for the fourth quarter of 1974 and the first quarter of 1975 are expected to average somewhat below the corresponding quarters a year ago, with the decrease mainly occurring in the first quarter of 1975. LOOK AT THIS PRE-HOLIDAY CLEAN UP SPECIAL Dry Cleaning For Only 3.95 Frw Pickup and Delivery Turn in your extra hang- ers to our routemen for extra credit. Lethbridge Laundry Cleaners 1818-3rd Ave. South Phone NEW REGULATIONS for Industry SOME IMPORTANT CHANGES HAVE BEEN MADE IN FIRST AID REGULATIONS FOR ALBERTA EMPLOYERS THE NEW REGULATIONS REQUIRE 1 TJ.at a First Aid Attendant must be employed by any business or industry under the Act whrer 100 or more workers are employed at one time one place 2. That a Stall Nurse must be employed by any business industry under the Art where 200 or more workers are employed at one time in one place. 3 Industries which must have at If-avt OIT-worker witn firsr md qualifications on <-acb shift of live or more workers, are 'listed. 4. Industries with more than 25 employees and located miles Irom the nearest merjica' ser vices must have availsftile and splints and at Irast one worker with 1irst THERE'S MORE___READ EVERY SECTION COPJES AVAILABLE AT THE WCB OFFICE NEAREST YOU: EDMONTON LETHBRIDGE GRANDE PRAIRIE CALGARY RED DEER MEDICINE HAT WORKERS1 COMPENSATION BOARD ALBERTA ;