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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 13, 1974, Lethbridge, Alberta LETHBRIDQE HERALD Wtdnttday, March 13, 1974 save aoz men's quality raincoats Join the new elegance in men's wear in a coat that shows European styling and practicality. It's single breasted, belted, has fly front and two lower slash pockets. The outer shell is a water- resistant, wrinkle-fighting blend of 65% Poly- ester, 35% Cotton. This coat comes with hidden dividends five inside pockets! Three are zippered, two have buttons and flaps. All add up to a lot of convenience for a man on the go! Choose your coat from Beige or Tan shades. Sizes 36 to 46. Reg. Woolco Price each 5 Convenient Inside Pockets Dally 9 a.m'to 6 p.m. Thursday Friday 9 to 9 p.m. We reserve the right to limit quantities COLLEGE SHOPPING MALL 2025 Mayor Magrath Drive DEPARTMENT STORES A DIVISION Of THE IF YOU TAKE AWAY OUR LOW PRICES YOU'VE GOT A REGULAR DEPARTMENT STORE Goat sitter Maureen McCall enjoys this babysitting job The two are day-old African pygmy goats born at Vancou- ver's Stanley Park Zoo. Crown firm plans public share sale TORONTO (CP) Canada Development Corp (CDC) is aiming to go public in May with what may turn out to be the largest equity issue ever in Canada, President H Anthony Hampson said here The corporation, wholly owned bv the federal government, has built up consolidated assets to more than million in its two- year existence, excluding Siberian gas project deal dead WASHINGTON (AP) Senator Richard Schweiker (Rep PA said today the U S Export Import Bank has suspended consideration of credit for a 6 billion natural gas development project with the Soviet Union Schweiker said he has been told the bank acted after receiving a general accounting office opinion that such loans can only be made for transactions in Communist countries if the president determines, on a case-by-case basis that such action is in the national interest 'The Siberian energy deal is dead, at least for Schweiker said The proposed deal, one of the largest in world business history, would involve extension of 1 billion in U S credit for the energy development project in Siberia assets of companies in which it holds less than 50 per cent of the shares We have built up sufficient earning power and momentum to give top priority to going public as soon as we reasonably can Mr Hampson told a joint luncheon of the Canadian Club of Toronto and Prospectors and Developers Association The CDC hopes to file a preliminary prospectus by April 30, he said, with a view to making an offering in May The offering will almost certainly include voting, convertible preferred shares, made available to all Canadians through the widest possible distribution network The CDC last fall succeeded in getting effective control of Teaxasgulf Inc by buying up 305 per cent of outstanding shares Mr Hampson said the corporation and its advisers believe that a CBC share issue will be well received by the Canadian public which with growing wealth and sophistication is much more willing to assume risks than in earlier years It is quite possible, he said, that it will turn out to be the largest equity issue ever undertaken in Canada 'even though we will underline the fact that the issue will be a risky one The CDC's authorized share capital consists of 200 million common shares the first of which were offered to the government at something per share and billion of preferred share capital High gas prices boost car rental business MONTREAL (CH) Despite increases in gasoline prices and partly because of the no-mileage rates system, more people are turning to car rental companies for transportation John Campbell, president of Avis Transport of Canada Ltd says that possibly because of increased gasoline prices people seem less inclined to use their own cars, turning to planes and rented cars as alternatives. However he said yesterday that the no-mileage rate sys- tem, introduced in August. 1972. and now standard throughout the rental industry is partly re- sponsible for the increase in business One that people arc more interested in spends rrorirv on car rentals if they Vrow the extent of the i i n a n t1 or breakdowns SnouJd be needed during T." P and a compan. repairman JK? umeachibJe. 1he dirver should pay the cost and the company will reimburip 1lic total of repairs when the car 15 planning to use a rented car during the summer weekends should rent 4hc car. speciiyrig exactly what want, well in advance If the summer holida-vs mean a trip overseas renting a car in most countries is easv as in Canada except tf it in most European countries rates include the basic daiK charge plus a mileage charge ;