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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 9, 1974, Lethbridge, Alberta 10 LETHBRIDGE HERALD Saturday, March 9, 1974 Grim outlook for British offered in economic review LONDON (CP) An authoritative economic study published Friday paints a grim picture of the monumental problems facing Britain's new Labor government and offers little hope of substantial improvement soon. The National Institute eco- nomic review, prepared by a group of eminent scholars and noted for its forecasting ac- curacy, sees prices rising by as nui.fh as 18 per rent this year, unemployment increasing beyond one million and a record trade deficit worsening The review anticipates that real purchasing power of individual earnings- will drop this year by up to six per cent in relation to 1973 lev- els. Britain's over-all ALWIN GALTS FARM SALE 12 milea east of Coutti on the Aden turn off road. TERMS CASH LUNCH SERVED FRIDAY, March Sale Time p.m. TRACTOR: 806 cab, dual hyd. 4200 hr., good rubber, excellent condition. HARVESTING: Massey Harris 92 combine 14 ft. cab, chopper and pickup, rebuilt motor, 'A' condition; 103 S.P. swather 15 ft.; Mayrath auger 6 ins. B.S. motor; straw chopper; auger seeding and tillage; 150 12 ft. hoe drill 10" spacing; 14 ft. cultivator with Noble dead rod; 22 H Plow 12 ft.; 15 ft. Diamond harrows with drawbar; 1 Edwards rod weeder attachment 14 ft.; 12 ft. rod weeder; drill filler 12 volt. TRUCKS: 1953 ton truck box and hoist; 2 speed axle 2000 mile on rebuilt motor; 1 Chev. 1939 ton truck with unloading auger. MISCELLANEOUS: gal. fuel tanks with stands 45 gal. barrels; cylinders; vise; compressor; amp Lincoln welder, 1 year old; gal. pressure tank; Ib. tractor wheel weight; bar for Vi ton truck; pickup guards; boomers; x 16' trap; antique tools; assortment of old wrenches; vise; chain wrench; drill; blacksmith forge; Ib. anvil; jack; plainer; ladel. SHOP TOOLS: Log chains, boxes of nuts and bolts; V belts; ton jack; pump; gun filler; umbrella; saws; picks. HOUSEHOLD: mower; wringer washer; cubic ft. fridge; McLary stove propane; electric sewing machine; lamps. Owner: Alwin Gaits Phone 647-3960 AUCTIONEERS NOTE: I am pleaMd to be given the opportunity to conduct this sale for Mr. Since I have a thorough know- ledge of this machinery I would urge anyone" needing farm machinery to attend this sale. All machinery has been kept in A1 condition. AUCTIONEER BOB LAACKMANN, MILK RIVER Lie. 010457 Phone 647-2141 production of goods and services will fall by an astonishing 2.5 per cent, the. study says, compared with a growth rate of 3.5 pes cent in Italy and Japan and 4.3 per cent in Canada. In a further reference to Canada, the review notes that its recent rate of advance has been although there had been some slowing near the end of 1973. The worldwide deflationary impact of higher prices for oil and other commodities likely will hurt Canadian trade somewhat this year, the study adds, but private business ex- penditure should rise sharply, with moderate stock-building also taking place. The review is concerned mainly with Britain. It was one of a handful of publications to correctly assess real economic trends here during the last year and it cites statistics now avail- able to substantiate its earlier warnings and predictions. In the months just before the Arab oil embargo and a slowdown by coal miners forced Britain into a national emergency late in 1973, exports had stopped rising and may even have fallen. The former Conservative government had argued strongly that exports had been rising spectacularly in response to incentives and that the upsurge in world prices was responsible for an unprecedented trade deficit now running at about bil- lion billion) a year. Before electricity restrictions were ordered late last year, industrial Try Before You Buy UP TO 30-DAY TML ON YOUR DOCTOR'S MAI CO SMITH-JONES HEARING AID SERVICE RIPLEY OPTICAL 6183rdAve.S. Phone 328-5447 production had also stopped rising and stood no higher than the level it had reached in the previous March. What appears to have hap- pened is that a government-in- spired boom which was fuelled at the beginning of 1972 succeeded in greatly stimulating consumer demand and forcing up prices as producers struggled to expand their production to meet it. The increased prosperity of consumers also led to a wave of import buying but the export drive needed to offset this drain on reserves never took off. Instead, industrialists, for several reasons, expanded their production by using up spare plant and equipment but without developing new capacity needed to increase exports while keeping up with higher domestic demand. By mid-1973, shortages were developing as industry reached full capacity but still lacked the confidence to build additional facilities. Prices increased dramatically as demand outstripped supply. Toward the end of the year, what strength remained in the consumer boom was largely drained by the increased sums needed to pay for higher- priced imported oil and other essential commodities. The review says these in- creased prices and a- reduction in government spending last December produced powerful deflationary trends in the economy. REJECTS CUTS It warns against any further deflationary action in the forthcoming budget which some commentators believe may, in fact, contain measures for higher taxation and further cuts in government spending. The government should try to get other countries to accept the fact that Britain will have to run a substantial payments deficit until North Sea oil is in full production about 1980 and negotiate internationally loans to help finance this, says the study. Nixon at the keyboard President Nixon plays the piano as Pearl Baily sings "Home on the Range" during the entertain- ment segment of the program following dinner for Rush to hospital wasn't necessary governors and guests Thursday night at the White House. 1 8 TORONTO (CP) Dr. Daniel Click of Toronto has testified he sent two ambulance drivers on a needless rush to hospital with a dead woman to get the body out of his office. He was testifying at an in- quest into the death of Marga- ret Williams, 80, of Toronto who had gone to Dr. Click's office for a checkup. Evidence revealed she waited IVz hours before nurse Lynne Byrne led .her to an examination room. About 15 minutes later Dr. Click found her lying on the bed in a rigid position and asked Miss Byrne to call an ambulance. He said he applied mouth- to-mouth resuscitation and heart massage but the woman died before the ambulance drivers arrived. The two ambulance drivers testified that Dr. Click told them the woman still had a heart beat. Human rights of baby 'were not violated9 EDMONTON (CP) The human rights of an Indian baby who died 24 hours after being refused admission to a northern Alberta hospital do not appear to have been violated, Health Minister Neil Crawford :g told the legislature Friday. But Mr. Crawford encouraged parents of the child to take their case to the human rights commission to determine if the baby's rights were violated. -x Armanda John died several weeks ago on 'the jjjj: Kehewin reserve after being refused admission to the hospital in Bonnyville. The infant's mother, Yvonne, said the child suffered from diarrhea and fever for three days before she went to St. Louis Hospital. FAMILY YMCA PROGRAMS start MARCH 18th PRE SCHOOL AQUATICS Phone 328-7771 515-9th St. S. FITNESS PROGRAMS Children are creative learners in our Pre-School Program. Through the use of movement exploration in our well equipped gym pool, trained staff assist children in developing self awareness and motor skills A parent is required to accompany each child to the first class in the gym and pool. Maximum enrollment 12 per class SWIM Walking year Tues 2-30-3 Cost S1000 Members S8.00 4 and 5 year Men. 9-9.30. Cost S10.00 Members S3 00 GYM SWIM AND CRAFTS 4 year Wed. and Fn. 9-10.30 a.m. Cost S33 00. Members S22.00 Tues. and Thurs p.m Cost S33 00. Members S22 00 GYM AND SWIM Walking Mondays 9-10 a m. Cost S15.00 Members S10.00 Wednesday and Friday 9-10 a.m Cost S28.00. Members S19 00 Tuesdays and Thursdays Cost S28 00. Members Mondays 9 30-10.30. Cost Members Mondays 10-11. Cost Members 00 Wednesdays and Fridays 9-10.30. Cost Members Tuesdays and Thursdays Cost 00 Members 00 YOUTH PROGRAMS YOUTH PROGRAM 6 and 7 rnr oM Swim and Gym "Y" A package program of gymnasium activities and swim instruction for boys and girts in the 6 and 7 year age group. A small group movement education approach