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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - June 10, 1971, Lethbridge, Alberta Business competition policy tribunal probe is suggested HALIFAX (CP) - Consumer Affairs Minister Ron Basford suggests a quasi-judicial tribunal be set up to examine business competition policy in Canada. Speaking here Wednesday to the annual meeting of the Consumers Association of Canada, Mr. Basford said such a tribunal would be invaluable for "sorting out one of the most complicated and frustrating problems today, that of mergers." "More and more we must become concerned lest one or several firms in a market become so successful at merging with, or simply taking over, all their competitors that competition gets lost in the process." But since most mergers or acquisitions benefitted the economy or at least did no harm, the tribunal would not likely challenge most of them. It should however, be able to scrutinize mergers or takeovers beyond a certain size and decide whether those involving foreign ownership would be detrimental to the economy. END PATENT ABUSE "I would like to see the tribunal given the right to restrain monopolies from extending their power, if necessary, and to eliminate the abuse of patents or trade marks if those protective devices are being used to give consumers and other businessmen a bad deal. "I would like to see businessmen able to go to the tribunal to obtain advance indications as to whether a proposed action corresponded with the competition policy." The tribunal should include members experienced in economics, law, business conduct and public affairs and "would being reviewed, does not reflect the reality that the fastest-growing part of the economy today is in the area of service industries" such as dry cleaners, theatres, travel agencies, advertising, consulting services and the professions. EXAMINE SERVICES TOO There was no logical reason for the exclusion from competition policy of service industries, which now account for more than 30 per cent of the gross national product and SO per cent of the labor force. r participating Dealers - Corner 3rd Ave. and 8th St. S. Phone 327-8548 OPEN DAILY 8 A.M. TO 5:30 P.M. Open a Firestone Budget Account ;