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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - June 7, 1971, Lethbridge, Alberta 8 - THE LETHBRIOGE H'RAID - Monday, Jun� 7, 1971 Economic growth next in priority Jobs, social justice must be aim of foreign aid programs OTTAWA (CP) - Jobs and social justice, not just economic growth, must be the aim ot Ca-1 nadian foreign aid programs, the Commons external affairs committee says. "All decisions as to fields of aid activity should now be conditioned by the newly-recognized priority in the developing countries-'the importance of creating as many productive jobs as possible, rather than concentrating on more abstract figures of growth rates,' "- says a committee report on foreign aid tabled in the Commons. The report was quoting Maurice Strong, former president of the Canadian International Development Agency and now with the United Nations. The report, based on an 18-month series of hearings by a subcommittee, expresses support for "the emphasis being placed on 'social development' in the Canadian program and the particular concern for the equitable distribution of the ben- efits of progress within developing countries." But the committee mildly criticizes the government for not setting definite targets for its development contributions. External Affairs Minister Mitchell Sharp has told the r committee that, while no pre-I cise target would be set, the ! government plans to increase the proportion of Canada's gross Shy, respected millionaire emerging as gambling king national product that will go into aid. A commission headed by former prime minister Lester Pearson has urged governments to set a target of seven-tenths of one per cent of GNP for official government aid. REACHED BY 197S The Commons committee estimates in its report this figure will be reached by Canada in the 1975-76 budget. Canada has a good record for lending money at low interest rates and generous pay-back terms, the committee says. H o w e v e r, the requirement that aid money be spent on goods in Canada "reduces the value of aid, complicates its administration and causes frictions between donor and recipient." The report warns that friction could also develop from Can- ada's practice of concentrating its aid effort in geographic areas, mostly Africa and the Caribbean. That could "lead to a greatly expanded and very noticeable Canadian presence," hence feelings of overdependence and possible suspicion about Canadian intentions. Among its recommendations, the report suggests more aid to regional organizations, training of developing-country personnel in their own countries rather than Canada and continued efforts to halt the brain-drain from the poor countries to the rich. It says industry can play aa important development role, providing it accompanies its investments with "careful attention to local employee development and good community rel*> tions in general." LONDON (AP) - Because the government worries about foreign or gangster influence, a shy and respected millionaire is emerging as England's gambling king. Maxwell Joseph, who specializes in hotels, entertainment and making money, is the man. The government is willing to accept a certain amount of monopoly in the casino business because Joseph's money is represented by corporations-financing that RESIDENTIAL AIR CONDITIONING and WINDOW COOLERS CHARLTON and HILL LTD. 1262 2nd AVENUE S. PHONE 328-3388 is detectable and subject to investigation. Joseph is chairman of Grand Metropolitan Hotels Ltd., Norfolk Capital Hotels Ltd., Lombard Banking Ltd. and Giltspur Investments Ltd. G i 11 s p u r Investments, a grouping o f entertainment businesses, controls four of London's larger and famed casinos. BIG STAKE IN GAMBLING Joseph, as chairman of Grand Metropolitan Hotels, is reputed to control Mecca Ltd., which has a vast stake in Britain's 1,400 bingo parlors, in other gaming clubs, betting shops, restaurants, b i 11 a r d parlors, bowling alleys, dance balls and the like. Mecca runs six clubs along with the casino on the Cunard liner Queen Elizabeth 2. Betting in Britain is a $2.8 billion annual business in casinos, bingo and slot machines. This doesn't include the millions bet on horses or lotteries. The application of new laws July reduced casinos from 1,000 to 120 and bingo from 2,066 parlors to 1,400. The board said gambling demand had been overestimated and some clubs were hard hit. PLACED IN OTTAWA WEST VANCOUVER, B.C. (CP) - The Canadian Association of Chiefs of Police will establish a permanent secretariat in Ottawa this year to handle its affairs, says Secretary-Treasurer Donald N. Cassidy. ^ r Yoa11 marry me if I save I'll be yours forever promise to protect me from ... housewife's COLOR EXTENSION PHONES DO A LOT FOR A LITTLE Demand liberation from housewife's dump. You know how it is. You're upstairs and the phone rings. And it's clump, clump, clump down every step. Well tell your husband (or husband-to-be) about it But don't stop there. Protest Ask him where he'd be without the privacy an extension phone gives him at work. Then tell him you'd like some privacy too. Remind him that a home extension phone gives everyone "their own private corner of the world". If he doesn't listen, if he doesn't promise to get you a colorful, color extension phone, for as little as $1.25 a month, threaten to team Karate. ALBERTA GOVERNMENT TELEPHONES Bank of Montreal The First Canadian Bank At the Bank of Montreal, wo try to look at things from your point of view. And everybody's different. That's why we try to be flexible about loans. Our managers consider every application on its merits. Granted, you'll probably be asked a few stock questions about income or collateral. But your loan will be granted on the basis of what you yourself are .like-not how many references you can give. This way, your branch manager gets to know you and is therefore in a better position to give advice, answer your questions, and perhaps set up a budget system for you. Read how our managers handled certain loan applications. Your own situation may be similar. Or it may .be different. In any case, when you talk to your Bank of Montreal manager* you can be sure you'll get the best advice there is. We want you to get your money's worth. Three of our managers; Whatare their views on bans? Bill Smouter. "I talked with a plumber who had been offered a partnership in a plumbing business. It was an excellent chance but he didn't think he could afford the necessary loan. We talked it over and decided that an increased mortgage on his home, plus a loan, would provide the capital he needed. He's now happily running his own business and doing very well indeed." Ross Holmes. "Having made 16 moves in 23 years myself. I understood when an engineer talked to me about his moving problems. For coping with the confusion of transferring his family, I issued a promissory note for $3,000 over 60 days. He bought furniture and paid aII his bills. In 60 days, after he had settled in, he came back and we negotiated an easy repayment plan." Andre Hetu. "I enjoy helping young couples get started. They usually don't hava much collateral but I think they're nearly always a good risk. Only yesterday, I talked to a young cou� pie just setting up house. They wanted to borrow nearly twice as much as they needed. They could have landed in a lot of trouble. I'm glad I was around to show them what they actually required." ;