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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 7, 1974, Lethbridge, Alberta 18-THE LETHBRIDGE HERALD Thursday, March 7, 1974 Baking firms roll back price boosts OTTAWA (CP) Some ma- jor Canadian bakeries agreed Wednesday to roll back price increases after Consumer Affairs Minister Herb Gray personally intervened, his office announced. Weston Bakeries Ltd., of Montreal, which announced a four-cent-a-loaf increase effective Tuesday in Quebec, has agreed to reduce the increase to three cents, while in other provinces the increase will be no more than two cents. And Corporate Foods, which increased its Quebec price by four cents, has also agreed to a three-cent increase, said a spokesman for Mr. Gray. The increased bread prices became a hot parliamentary issue in the last few days, following the announced increases, and Mr. Gray has been under opposition fire to take action He said he wanted to see what the bakeries would do on a vol- untary basis before the INSURANCE LIABILITY BONDS AUTO FIRE ROSSITER AGENCIES LTD Established 1911 Lower Floor SIT 4lh An. S. Phene 327-1541 government stepped in. The food prices review board recently said that bread prices should not be increased by more than three cents a loaf. PLAN MEETING The board plans to meet the Bakery Council of Canada March 20 to discuss the pro- posed increases. Meanwhile, said a spokesman for Mr. Gray, the minister decided to deal directly with some of the bakeries today. Not all of those reached are council members. He said Steinberg's Ltd., which already increased its national brand prices by four cents, plans to reduce the in- crease. The firm's own name brand will be increased by only two cents a loaf. A and P has increased its bread prices by two cents out- side Quebec, and plans a three-cent increase within that province. Corporate Foods Ltd. said it will hold its Ontario increase to two cents and reduce a planned Quebec increase to three cents from four. Safeway Ltd. will not increase its prices for an indefinite period, said the spokesman. Government stuck with costly heating oil By DAVE BLAIKIE OTTAWA (CP) Remem- ber the one million barrels of high-priced heating oil the government bought last fall to head off winter oil shortages? Nobody needed it and now Ottawa is faced with selling it .at a loss. "Things just turned out that Supply Minister Jean- Pierre Goyer said Wednesday after the subject was raised in the Commons. The Canadian Commercial Corp., in the first such pur- chase by a government agency, located the oil in Ro- mania and the Caribbean when markets were tight and prices were at record highs. Figures never were an- nounced, but the government said at the time the price was steep. However, it expected oil-hungry distributors to come clamoring for the oil during the cold winter months. Unusually warm weather in Eastern Canada and higher- than-anticipated supplies fouled up plans. The buyers never showed up. The oil is wait- ing unused in tanks at Montreal and Quebec City, and the government is paying storage charges while it figures out what to do. DECIDE SOON Mr. Goyer said a decision will be made soon, but the oil obviously will have to be sold at a loss. "When we bought it, there was a real concern that sup- plies would not last out the winter. It was insurance and there will be a premium in terms of a loss. "The priority at the time was not price; it was short- ages." He was questioned in the House Wednesday by Harvie Andre (PC-Calgary Centre) who sought details of the pur- chase. Mr. Goyer replied that a fi- nal figure will not be known until bookkeeping is com- pleted. He promised to give details later. Outside the House, he said the government will not be stuck with all of the more than one million barrels included in the purchase agreement. Part of the total was cov- ered by an option clause that the government chose not to exercise when developments made shortages unlikely, he said. MR. GOYER Canada Canada metric metrique QUALITY DENTURE CLINIC EDDY DIETRICH Certified Dental Mechanic Capitol Furniture BMg. PHONE: 328-7684 Metric system symbol The national symbol for metric conversion in Canada, an "M" and maple leaf, was unveiled in Ottawa Wednesday by S.M. Gossage, Metric Commission chairman. Designed by Gottschalk and Ash Ltd. of Toronto and Montreal, the symbol probably will be seen soon on goods produced in metric units. It may be used by all organizations producing Canadian metric goods. Records! Records! at low, low Prices! Look at the selection look at the saving. A golden opportunity to replenish your record album with a selection of records of popular numbers and by popular artists. Shop promptly while the selection is at its best. 4.47 THE MOM ft YOUR FAVORITE HYMNS Each 4.47 to 1QV SON! MtSS WITH JM JMOTOCE Albums I97 Children's Box Set From Disney 2 97 ftecortf Bar, Second Floor EATON'S Shop Eaton's Tonight (Thursday) and Friday from to 9 for thsos rooords. Buy Una 32S-M11 Uos your Eaton account... Crodtt lorms afsilavw. 4.47 Cuban sale decision expected on Friday By JOHN HAY OTTAWA (CP) External Affairs Minister Mitchell Sharp said Wednesday the directors of MLW- Worthington Ltd. of Montreal are to decide Friday whether to sell locomotives to Cuba in possible violation- of the United States Trading with the Enemy Act. He said the government has not decided what it will do if Washington does not grant an exemption for the sale from the Trading with the Enemy Act, under which U.S. firms and their subsidiaries are prohibited from trading with Cuba and various other countries without special per- mission. MLW is a subsidiary of Stu- debaker-Worthington Inc. of New Jersey. The possibility of intervention by the government-owned Canadian Commercial Corp. to buy the engines from MLW and resell them to Cuba is "still the minister said. Another possibility, raised by Trade Minister Alastair Gillespie Tuesday, is the 'resignation of the two U.S. directors on the 11-man MLW board. That might relieve them of possible prosecution for violation of the U.S. law. Mr. Sharp said the next step is up to MLW. But official sources indicated MLW might go ahead with the sale without U.S. permission, expecting protection from the yet- unpassed competition bill. Under that bill, still to be introduced in Parliament for the session that started last week, penalties could be imposed on company directors for submitting to foreign laws by dropping an export sale. PROTECT DIRECTORS Sources said that under U.S. legal practice, such a Canadian law would have precedence over the Trading with the Enemey Act and would thereby protect directors from U.S. prose- cution. Mr. Sharp said only that the MLW directors are aware of government plans to introduce that legislation. Mr. Sharp told the Commons Tuesday the most desirable solution would be an exemption granted by the U.S. state department. That decision is expected to be made personally by State Secretary Henry Kissinger. A note delivered to the state department by the Canadian embassy Feb. 13 says the Canadian government holds that the Cuban Assets Control Regulations imposed under the Trading with the Enemy Act "should not be given effect in Canada through the parent-subsidiary relationship or in any other way." The note, published Wednes- day, urged the U..S. government "to remove on an urgent basis any restraint" on the U.S. directors of MLW. It said "the proposed sale is of substantial importance to the Canadian company and will provide a significant amount of labor-intensive manufacturing activity in Quebec, a province which has longstanding high unemployment levels." Former prime minister joins homeless ranks LONDON (CP) Former prime minister Edward Heath has joined the army of Brit- ain's homeless. One of the neatest ironies of Britain's upset election is that Tory .Heath has no home now that he is out of 10 Downing Street, while the Labor in- cumbent, Harold Wilson, finds himself with five. "It is pure social says The Guardian, noting that shrewd businessman Wil- son, who made an estimated out of a book on his administration, bought a 20- year lease on a town house in a coveted Tory area of West- minster and a farmhouse in Buckinghamshire, paying only for the two. Now, thanks to, the rise in real-estate prices during the Heath years, his investment is estimated as having doubled in value. He also has his modest holiday cottage in the Scilly Islands off Cornwall, and, of course, occupancy of the prime minister's official Downing Street and Chequers, the Tudor mansion near his own country retreat in the Chiltern hills. Heath, on the other hand, was so confident of a long tenancy in Downing Street that on his election in 1970 he relinquished his lease on a spacious apartment in Al- bany, a discreet, 18th-century enclave behind Piccadilly that is probably London's most ex- clusive address. All Heath has, in fact, is his yacht Morning Cloud, moored at Cowes on the Isle of somewhat drafty residence. Announcing The Lethbridge Home and Recreation Equipment Show April 10-13 At The Exhibition Pavilion PROSPECTIVE EXHIBITORS those selling products and services for the home, or sports equipment, trailers, boats, etc., are invited to attend a meeting at p.m. Friday, March 8, on the Mezzanine of the Exhibition Pavi- lion to learn about the show, reserve space, etc. Persons interested but not able to attend the meeting should call the Exhibition Office for further details. ;