Internet Payments

Secure & Reliable

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

Lethbridge Herald Newspaper Archives

- Page 2

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: 34

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 (Newspaper) - March 3, 1971, Lethbridge, Alberta 2 - THIMTHBMDOI HltAlD - Wednesday, March 9, 1971 Stanfield levels attack on bill to form CDC OTTAWA (CP) - Opposition Leader Robert Stanfield vigorously condemned the government's proposed national investment company Tuesday but carefully avoided endorsing either of the major criticisms which have developed. Mr. Stanfield concentrated his Commons attack on what he called the ambiguities and contradictions in legislation setting up the Canada Development Corp., now at second-reading stage. He coupled a recommendation that the bill be given lengthy committee study with a call for a full government declaration of its policy towards foreign ownership and tax reform. All three subjects must be discussed together, he said. There would always be a fundamental conflict between the CDC aim of investing in profitable ventures to provide an adequate return to shareholders and the need to make some less profitable investments in "the national interest." Debate on the legislation, which continues today, has produced two strong, conflicting schools of criticism. Some MPs, notably New Democrats, have argued that the CDC should have been placed under more direct government control. They said the CDC should have been designed as a tool to prevent future foreign takeovers of domestic industries. A New Democrat amendment, defeated 161 to 17, would have changed the bill to make the corporation a Crown company directly responsible to Parliament through a minister. Standing in the 264-seat House is Liberals 152, Conservatives 72, New Democrats 23, Credi-tistes 13. independent one and vacant three. Other MPs, mainly Conserve-tives and Creditistes, have argued that the federal government should not encroach on the operation of the free-enterprise system. They said free competition, with only a minimum of Ex-bank robber on tour promoting book on his life TORONTO (CP) - Alvto Karpis, who worked hard terrorizing the United States midwest in the 1930s as a bank robber, is working hard now for a three-week crosscountry tour promoting the book that tells his story. When be got out of jail in December, 1968, after 33 years in various prisons, he Plane hijacker remains in police custody VANCOUVER (CP) - Decision was reserved in British Columbia Supreme Court Tuesday in a habeas corpus hearing involving an American army conscript accused of hijacking a jet airliner to Canada. Chapin Scott Paterson, 19, of Shingle Springs, Calif., was to remain in police custody pending a decision. Paterson was ordered deported Tuesday morning after a hearing at Vancouver International Airport which his lawyers missed because of snow. Ask About The NEW INVISIBLE MULTIFOCAL LENS (MULTILUX) made a vow that he would never be a welfare case. He says he doesn't consider himself a hero, and hopes people don't get that impression from his book, Public Enemy Number One, written with Canadian journalist Bill Trent. He began his three-week tour for Canadian publishers McClelland and Stewart Ltd. on Monday. Wednesday, he will be in Ottawa and then on to Montreal, Winnipeg and across the west "You know, I'm thoroughly enjoying it," said the 62-year-old ex-convict, whose nickname was OP Creepy. Mr. Karpis became a leader of the Karpis-Barker gang during the Depression. In another time, under different circumstances, he thinks he could have been a top lawyer or a b|g businessman-any position that demanded brains and cool, hard style. He says the book clears up eight murders-some unsolved and some blamed on the wrong persons-and contradicts the account of how he was arrested, as told in the book The FBI Story. Acording to that book, FBI Chief J. Edgar Hoover, opened a car door and arrested Karpis before he could reach for a rifle in the back seat. Mr. Karpis' book says Mr. Hoover stayed well out of the way until he was arrested and checked to make sure he was unarmed. The rifles were wrapped In a blanket and locked in the back seat. rules, would continue to produce a high degree of wealth. Gerald Baldwin (PC-Peace River) introduced an amendment that would send the bill to the finance committee for study before giving the measure second reading. The amendment, an outgrowth of Mr. Stanfield's comments, would put off passage of the bill indefinitely. New Democrat Leader T. C. Douglas said the proposed corporation represents a "complete sell-out to the corporate elite of this country." 'Under this legislation, the taxpayers of Canada will take all the financial risks and a comparatively small group of investors will get the major part of any profits which may accrue to this enterprise." The CDC would be an agency for investment by both the individual and government. It would have assets eventually amounting to $2 billion, one-eighth of which would be government-owned. Eventually, CDC shares would be sold to individual Canadians at about $5 a share. Finance Minister E. J. Benson has said the CDC can act in a wide area where the profit motive and the natural interest coincide. The corporation could not be expected to invest in no-profitable enterprises, however. Mr. Douglas said B the CDC suffers financial failure, "the Canadian people as a whcle will have to suffer." If the CDC is a success, the profit would go to only those Canadians who were shareholders, he added. SHOWS BIAS "The action by the present government betrays the Liberal party's bias towards a financial establishment and its basic dislike of public ownership." Martial Asselin (PC-Charlevoix) said the government must give assurances that the CDC will consult the provinces concerning their investment operations so there is no overlapping. Mr. Douglas said it would not be realistic to expect the CDC to buy back foreign-owned industries in Canada, But it should be used to eliminate regional disparities and prevent future takeovers. CUBAN FISHING BOAT CAPTAINS HNID-Four Cuban fishing boat captains arretted last week by the Coast Guard on charges of illegally fishing In U.S. claimed waters were brought to Miami today in handcuffs chained to their bodies. There were arraigned in federal court and fined $25,500. Legislature Roundup Hard times for Alberta oil revenues forecast by Getty EDMONTON (CP) - The oppostion in the legislature Tuesday forecast hard times for oil revenues in the province but the government said the best Is yet to come. Don Getty (PC - Strathcona West) said during the budget debate that Alberta must prepare for a decline in oil revenues by investing a substantial portion of its oil-royalty income in industrial development. "The large-income years Opposition introduces bill to set up council for aged EDMONTON (CP) - A bill to set up a "senior citizens council" to help persons over 65 was introduced in the legislature Tuesday by Dave Russell (PC - Calgary Victoria Park). The opposition bill proposes that a 12-member body be set up to develop, co-ordinate and encourage; -Recognition of the contributions made to the life of Alberta by. elderly persons. i Ul > Ul O Z I I/) (A SUPER SAVINGS EVERYDAY AT THRIFTWAY DRUGS ANACIN FAST PAIN RELIEF 100s-Reg. 1.35 99' Everyday at THRIFTWAY LISTERINE Antiseptic Mouthwash and Gargle. N�w 20%. Reg. 1.79 . 1 .47 TIDE XK KING SIZE Reg. 2.15. Special .. 1 CREST TOOTHPASTE Family 00* Reg. 1.� ...... Super Size. Reg. 1.59 . 1.27 JOY LIQUID DETERGENT Large 33 Special .. CEPACOL MOUTHWASH and GARGLE 14 oz. Reg. 1.40. 99* MR. CLEAN HOUSEHOLD CLEANER 32 oz. Reg. 95c . Open Daily 0 a.m. to 9 p.m. Open Sundays and Holidays 2 p.m. to 4 p.m. and 7 p.m to 9 p.m.. 69' Super Savings Everyday At 2b. 88' C