Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
Godaddyseal image
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 41

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 44

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives


Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - June 26, 1974, Lethbridge, Alberta Wvdnwday, Junt LETHBRIDGE Canadians tune in Party views differ on housing squeeze OTTAWA (CP) Behind the housing policies offered by the political parties in the July 8 federal election campaign are radically different views of the current housing squeeze. Urban Affairs Minister Ron Basford has said the main goal of Liberal measures is to put more low-and medium priced housing on the market not increase over-all production. Only some of the measures, announced recently, have immediate effect. Some need approval of Parliament. New Democratic and Progressive Conservative proposals apparently are aimed at increasing production as well as moderating the impact of high mortgage interest rates. The Liberal view, often expressed by Mr. Basford, is that housing in Canada has improved in quality in the last in or 15 years and that the Soldiers vote Wayne Talbot, left, 27, of Woodstock, Ont., is the first Canadian serving with the UN in the Middle East to cast advance service vote in the federal elec- tion. Watching is Maj. Scott Forster, legal officer and election supervisor. Fertilizer could stave off famine New York Times Service UNITED NATIONS Dr. Norman E. Borlaug. the noted developer of high yield grains, says that during a recent tour of Asia and Africa he found few governments concerned about the need to accelerate fertilizer production. During an interview, he deplored this apathy, saying that action could mean staving off famine for millions He said that the Chinese were an exception, "building more fertilizer plants than any other country. The Chinese, he said, have put leading Japanese and American concerns under contract to help. Borlaug. often called the father of the green revolution in rice development, which brought him the Nobel Peace Prize in 1970. estimated that it would take an annual investment of S7 billion to billion to meet increased demands for fertilizers. The estimate covers the costs of additional nitrogen producing factories, the operation of potash and phosphate mines and the costs of distribution. MAJOR PROBLEM A major problem, the agronomist said, is that there is a" shortage of chemical engineers trained for this kind of technology. "Governments willing to spend S220 billion yearly for destructive armaments should be willing to invest in securing more food for their people." he declared. Borlaug said the green revolution was never expected to solve -the food problems for an expanding population but to "buy time" while governments acted to st.'bilize what he called this "monstrous population growth Instead he complained, governments have frittered away the time. He said he target of 250.000 housing starts annually set by the Economic Council of Canada is being equalled or surpassed. The' government believes demand is unrcalistically great, stimulated by prosperity, the minister has said. The New Democrats, however, propose to greatly expand house production and the Conservatives want to bring much more land on the market quickly to allow more house building. An NDP official said that demand always increases when there is more money chasing goods. But should people who did not own homes be denied the opportunity to buy them? SPENDING BILLION The government already is spending more than billion annually on housing. Neither the Conservatives nor the New Democrats have yet announced what their total housing budgets would be. Mr. Basford told a news conference last week that the Liberal housing policies announced recently by Prime Minister Trudeau are intended to change the mix of housing on the market. While total housing starts in 1974 would remain about the same as last year, the government wanted to ensure that more moderate and low priced homes were available. This was the main reason for policies extending subsidies and the income range of those qualifying for the Assisted Home Ownership Program encouraging mortgage lenders to channel low downpayment mortgage loans to people buying moderate priced homes and giving a cash grant to first-time buyers of new homes Effective immediately is a government move to require low downpayments for mortgages on moderately priced houses. This applies to loans financed under the National Housing Act. Prime Minister Trudeau has asked private lenders to follow, these guides. Legislation would be nesded to ensure that they do so. Maximum loan limits vary from to depending on local house prices. Under the plan, borrowers could get 95 per cent of the first of the house price and 75 per cent of the remaining house cost up to the local maximum loan limit. MAXIMUM In the high-cost centres of Toronto and Vancouver, the maximum loan limit is This would bring maximum benefit to someone buying a house, although Mr. Basford says buyers of houses costing up to would find this plan useful. Toronto and Vancouver buyers would not find it worthwhile using the plan for houses costing more than say aides to Mr. Basford. That's because a 75 per cent mortgage on the private market would get you at least for houses costing more than The new AHOP policies providing for subsidy increases to a month from a month and expanding the qualifying income range apply immediately to federally financed NBA mortgages housing. Another million has been added to the million AHOP budget for this year. But under the total Liberal proposal Parliament would have to pass legislation allowing CMHC to provide the AHOP subsidies under private loans so that lenders could channel another million into the program. The government has set a goal of 46.000 AHOP units this year and could not reach that without this extra money DERME MACHINE SHOP A COMPLETE AUTOMOTIVE GENERAL MACHINE SHOP SERVICE 327-O821 232 12c STREET NORTH looked on the possibility of increasing fertilizer production as a chance to "buy more time." The vastness of food needs in terms of population increases is not something people grasp easily -he said He likened global grain needs to a highway of grain stretching around the world at the equator, 55 feet wide and 6 feet deep. Each year, the population grows by 76 million and that means annually adding a 625-mile link for a second highway. He said he believed that with technology progress could be made in feeding the world andTaverting famine but "it's a fight every step of the FALSE COMPLACENCY Borlaug ndted that the world was lulled into a false complacency about its food stocks because it had abundant supplies at its disposal for decades before 1972. and the United States. Canada. Australia. France and Argentina were warehousers. brokers and bankers. A sudden need such as that in 1967 caused by India's drought could be handled by such reserves. He said that in 1971 the United States, under domestic pressure to reduce the cost of carrying big surpluses, had cut back on acreage. During Borlaug's trip which lasted four and a half months. he tried unsuccessfully to learn more about Soviet crops that reportedly were damaged badly by frost. He travelled extensively in Iran and Afghanistan and was frequently in the Soviet border area. He, also talked to agricultural experts and followed up reports from the food and agriculture organization. "There was simply no way of getting a feeling of what was going on inside the Soviet Union with agriculture." he said Joggers are warned TORONTO