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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 14, 1973, Lethbridge, Alberta 14 THE L11HBR1DGE HERAIO Wednesday, Mcrrch 14, 1973 A New Look, in Cycling Wear. Superbly Styled, Priced Low, In Today's Sportiest Colors Mco The Price is Right on this 100% Nylon Bicycle Jacket for the Cycling Male! (a) Here's a sporty looking jacket for the cycling male in the family. It's Silicone treated so it's water repellanf. Jacket tias a drawstring waistline with a concealed rear zipper pouch, bicycle crest and a wide stripe across the chest. White, Yellow, Red and Navy. Sizes S.M. L.XL. each Boys' Bicycle Knit Shirts With Stylish Crew Neck Ideal for Cycling Trips! B. Features front pouch with button closure for easy access. English crew neck with con- trasting trim. In colour combinations of or fn sizes 8 to 16. EACH CHARGE IP Men's Nylon Bicycle Jacket Constructed of 100% durable cire nylon. Rear self pocket pouch wilh a butlon front and but- ton cuffs. Assorted col- ors. Sizes 36 to 44, EACH "Bicycle" Pant for Jhe Boy on the Go! Flared Isgs have buttons to adjust so they don't gel in the Saddle seat and handy leg pocket. Saddlo tone, Wine and French Blue. Sizes 8-18. Ench Here They Are I Bicycle Knits for Men and Young Men Priced to Fit Your Budget! Choose from (D) Bold vertical bar stripes on chest and back plus handy pouch pocket. In combinations of and or with crew neck, raglan shoulders and two button pouch pocket. In Navy, Gold, Red, Rust, Green and Royal Blue. Both in S-M-L sizes. Your Choice..................... Open Daily 9 a.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m. Boy's "Bicycle" Knit Shirfs Made of 100% Acrylic wilh mock turlle neck and zipper front. White with contrasting bold Iwo tone stripes. Sizes 8 fo 16. Each Men's Novelty T-Shirls 100% cotton T-shirts with knitted cuffs and cotlar. While background with crazy pic- tures and wrilrngs on the front. Ideal lor the warm spring doys ahead. Sizes S. M.L, EACH 2.88 COLLEGE SHOPPING MALL 2025 Mayor Magrath Drive Walk to freedom Former CIA agent John Downey, wearing a blue Chinese suit and cap walks through the passage way on the Hong Kong-China border. Downey had been imprison- ed in China far more than 20 years on charges of espion- age. With him is Col. Corwin Boake, U.S. Army liaison officer at the U.S. consulate in Hong Kong. Drastic change in gas export prices 6rash' DEPARTMENT STORES, IF YOU TAKE AWAY OUR LOW PRICES YOU'VE GOT A REGULAR DEPARTMENT STORE OTTAWA paid >y United States purchasers of Xinadian natural gas may be oo low, but it is foolhardy for he Canadian government to use Is powers to increase gas ex- wrt prices, Uie National Cnergy Board warned Tuesday. In a statement to the Com- mons resources committee, Mard vice-chairman D. M, Fra- ser in effect rejected sugges- tions by former New Demo- cratic Party leader T. C. Douglas that Hie government raise export prices, "It would be rash to assume ;hat the various authorities in the United States would accept either quietly or qiiickly any fiat which increased the price of gas." He warned that a unilateral Canadian action to increase gas prices for U.S. customers might produce disruptions in the flow of gas, general tension and "confrontations of a grave or- '1 between various groups and governments, including pos- sible confrontation between the U.S. and Canadian govern- ments. Mr. Fraser said that "in some cases, some con- frontations may be but in the present situation the board has not recommended government action. Board chairman E. D. Howl- and told the committee that "the response of industry has been quite good in getting ad- justments in the export mar- ket" and suggested that the board and industry could achieve necessary increases in export gas prices without dras- tic action. P5UCE TOO LOW The Alberta Energy He- i sources Conservation Board .sairi last, summer 'hat-Ca gas was selling in the U.S. at price 10 to 20 cents a thousand cubic feet too low, compared with alternative fuels. On the basis of 1972 exports of 1.01 trillion cubic feet of gas, an average underpricing of 15 cents a thousand cubic feet would mean an annual loss to the Canadian economy of million. Mr. Fraser, however, told the committee that the comparative price of gas varies considerably from market to market in the U.S. and such broad general- izations should not be made. Mr. Fraser said that over the long run the laws of supply and demand will bring gas prices into line with those of alterna- tive fuels. But often it look longer for gas prices to rise be- cause of the many regulatory authorities in Canada and the U.S. that would have to approve price increases. Oil prices are not similarly regulated. Thus if the Canadian govern- ment set a minimum price for exports and the new price was not approved by U.S. aulhor- ities, disruptions in the gas flow would resull. Such a unilateral action would ilso have repercussions on many other levels, he warned, .'he pricing, supply and con- sumption structure for gas was extremely complicated. It would be rash to make a sudden and drastic change unless and until the long-run triplications and considerations are understood." The U.S. authorities, he said, are willing to accept justified >rice increases. Thus the energy board and exporting companies vvere pre- paring studies and submissions Lo convince U.S. authorities that because of rising costs for gas and rising prices for other fuels, gas prices should be in- creased. The board turned down appli- cations to increase exports in 1071, saying that until new re- serves arc discovered and brought into production, Canada has no surplus gas available for export. But the 22 previously-author- ized gas export licences total 16 trillion cubic feet. The board presented a com- plex series of tables to the com- mittee showing prices for Cana- dian gas and alternative fuels in the major U.S. markets, as well as wholesale export prices. In most cases, the wholesale price of Canadian gas was seven to II per cent higher than wholesale prices for domestic U.S. gas. But in some cases, the Canadian gas was up to 7.4 per cent lower. PRICES VARY The market price com- parisons showed that gas in all major U.S. markets served by Canadian gas from Trans- Canada Pipelines Ltd. was priced substantially below other or. a basis of cost per thousand units of heat In St. Paul, (he gas price was compared with for No. 2 oil, for coal and for electricity. In Milwaukee, the prices were: gas No. 2 oil coal electricity In Afadison, Wis., prices were: gas No. 2 oil 51.97; coal electricity In Detroit, prices were: gas No. 2 oil coal electricity Chicago prices were: gas No. 2 oil coal electricity Gas exported by West coast Transmission Ltd. also sold at low prices compared with other fuels. Spokane, Wash., prices were: gas No. 2 oil coal electricity Sealllc and Tacoma, Wash., prices were: gas No. 2 oil, coai electricity Exports from Alberta and Southern sold in Los Angeles for per thousand BTUs, compared with for clcc- ;