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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 17, 1973, Lethbridge, Alberta Nixon thinking of world tour New York Times Service WASHINGTON President Nixon disclosed at his news conference yesterday that he may travel to Europe, Lalin America, Africa and possibly Japan to alleviate concern abroad that ho is interested only in the large powers. But ho said that no definite plans have been made. "I do not mean to Nixon said, "that travel by the president to these places is ab- solutely indispensable to for- eign policy, but I think this is the concern that many of our foreign policy experts in the state department and Uie na- tional security council have. "They feel that the enormous interest that has been created by going Id Peking and going to Moscow indicates that we don't care about our neighbors in the western hemisplicre, we don't care about our friends in Africa, and we do not care about our friends in Europe as well. Incidentally, Japan is an- other on the list." He said he may make one foreign trip during the summer or before and there probably would be a trip abroad in the fall, "but how wo select among these I have not yet deter- mined." Nixon had indicated pre- viously he would go to Europe sometime this year to see to EAST AFRICA from Choose from 14 Safari holi- days amidst Africa's unique wildlife reserves ond tropical beaches. Year-round weekly Jef deparlures. For free color brochure contact: NHESTAR TOURS I06A-709 Dunsmulr, Van. B.C. Rei. IJ4-0087 trade and military relations and he has hinted he would make other trips during the re- mainder of his term. Some black officials in the administration have been urg- ing him to go to Africa to show American blacks his Interest in tho emerging countries there. Beef grotcers told to seek U.S. markets KAMLOOPS, B.C. (CP) The chief of the grading sec- tion of Agriculture Canada wants Canadian beef growers to compete with U.S. growers for the restaurant, hotel and institution market. Gerry Locking told the an- nual meeting of the Canadian Cattlemen's Association here that by 1980 Canadians will spend 30 per cent of their food dollars eating out. lie said purveyors of Canadian prod- ucts are trying to swing the market away from American beef, often seen as superior by restaurant operators. "I'm speaking of large, posh- type restaurants trying to con- vince their clientele that the restaurant is going out of its way to get good American beef, when we've got equally good Canadian he said. .Only live per cent of the beet coming into Canada is and the rest is "U.S. said Mr. Locking. The problem, he said is that much of the hotel and restaur- ant trade in Canada is domin- ated by U.S. interests or is be- ing run by U.S. trained man- agers and chefs. CURRIE'S FINE FOODS FORK LIFT OPERATOR Required FOR PERMANENT EMPLOYMENT WITH A NEW FiRM IN UTHBRIDGE of 2 experience in operating o Ibs. or over fork lift. Applicants must be physically fit. Employment to commence April 2, 1973. Apply to: CANADA MANPOWER CENTRE 419 7fh STREET S., LETHBR1DGE, AITA. CATTLE AUCTION MONDAY, MARCH 26th 12 NOON (C.S.T.) 900 YEARLINGS H Straight Hereford! Straight Angus Black Bcldie. Charolrm Cross All from ona owner 100 y4 SIMMENTAL 2 WAY CATTLE Green grow or feed lot weighing between 500 ond 600 Ibi These catlle can be inspected at the Fitzpolrick Ranch anytime prior lo the sale Sale will be held at WOODMOUNTAIN SALE RING WOODMOUNTAIN, SASK. AUCTIONEERS: DON BEATON PAT FITZPA7RICK AC 306 642.5358 Phone AC 306 266-4261 A.smiboio, SmV. Woodmountain, Sask. LANDLORD ond TENANT ADVISORY BOARD A By-law recenlly passed by City Council estab- lishes a Landlord and Tenunr Advisory Board for the City of Lelhbridge. Interested persons wishing to par- ticipate by serving on this Board are invited lo write to the City Clerk, giving a shorl resume of themselves. A copy of tho By-law and The landlord and Tenant Act may be procured from the City Clerk's Office durir.g normal office hours by Ihose peison: interested. JOHN GERLA CITY CLERK Mixed iveather According to the 30-day outlook issued by the United Stales Weather Bureau coastal areas of Canada will have near normal and below normal temperatures wilh the rest of the, country experiencing above normal temp- eratures with much above normal temperatures forecast for parls of Ontario, Manitoba and Saskatchewan, Pre- cipitation will be moderate for most of the 'country wilh heavy precipitation forecast for parls of Newfoundland, Ontario and British Columbia. This is not a specific fore, cast and changes may occur. Economic wheels turn in Poland By NICHOLAS LILLITOS WARSAW (AP) The latest government slogan here is Build Second more production, better man- agement and more effective use of equipment. The Communist leadership of Edward Gierek, flushed by ini- tial successes since taking power, on a wave bloody price riots, has finally got Po- land's economic wheels turning. Backed by credits from France, the United States and especially the Soviet has launched the country on a path directed to the consumer. The parry now is paying serious attention to market re- search while huge In- a scale never permitted been al- focatcd to expand the consumer industries. All this has led to a dramatic improvement in the once grey world of the Polish shopper. Warsaw stores are filled with a wide selection of foodstuffs, materials, and household appli- ances, which would have at- tracted long lines of customers in the days before Gierek took power in December, 1970. Today the Polish housewife casually strolls by a stand dis- playing bananas, grapefruit, or- anges and pineapples. She has grown accustomed to the idea that there will be some supplies for the next day too. Hoarding is a thing of the past. The government is whetting the appetite of the worker by putting the price of a new car within his reach and lacing shop shelves with Western goods. In one Warsaw suburban shop women can buy from a com- plete range of cosmetics. The Palish male can opt for a push- button can of shaving cream, a package of American razor blades. By Polish standards these items are still expensive. The average Pole earns the equiva- lent of about a month and one Western brand of lipstick costs nearly Nonetheless these, things are selling. Moat Poles manage -to find the money either because they have a second job or because they haven't tapped their piggy bank for a long tune. In the austere era of Wladyslaw Go- predecessor- savings had a way of piling up since there was nothing worth buying. Clothing departments are dis- playing French, Austrian and Italian knitwear while liquor stores offer a wide range of im- ported whisky and gin, American cigarettes and Brit- ish tea bags are on sale as well as chocolate from Holland and Switzerland. THANK YOU! Tlie City Chairman for the Hearf Monday Campaign wishes to thank Ihe area chairman, the captains, and all the canvassers for their co-operation in this year's campaign. Also to everyone who contributed to various organizations in Southern Alberta. Wo urge anyone who still wishes to make a con- tribution to mail in the envelopes with your cheque enclosed to Heart Foundation, Box 507, Lelhbridge, PUBLICITY CHAIRMAN IETHBRIDGE HEART FOUNDATION Lethbridge has over the Weight Watchers program: SCIENTIFICALLY ADVANCEDI NUTRITIONALLY SOUND! NO CONTRACISI NO EXERCISE! JOIN NOW! ST. AUGUSTINE'S ANGLICAN CHURCH TUESDAYS, P.M. AND P.M. CARDSTON UNITED CHURCH WEDNESDAYS, P.M. TABER CIVIC CENTRE THURSDAYS, P.M. For information call ZEnith 0-6174 (toll free) VKne UBang, some listening, and a program I hat works? .C4UTWC. Power of oil money March 17, WJ HTHMlDGt HERALD 19 Africa new monetary force By CLYDE H. FARNSWORTH New York Times Service PARIS A new force has arisen on the monetary sceas power of oil money In North Africa and the middle East. After billion flooded the West German foreign exchange markets March' 1, forcing the dosing of markets and trig- gering the most severe mone- tary crisis since the 1930's a German monetary official said: "Our guess was that half the money that came in was from central banks, and half at that was from the Middle East." The fact that Arab money forms a large part of the specu- lative dollars abroad has, in effect, been confirmed by the Arabs. After the devaluation of the dollar Feb. 12, a Kuwaiti government statement said that "precautions had been taken in anticipation of possible devalu- ation." Saudi Arabia and Libya said much the same thing. Those "precautions" have shaken the monetary and promise to shake it fur- ther. While most attention has fo- cused on the multinational cor- porations as the wheelers and dealers in the currency crisis, the Arab sheiks and rulers are starting to move in the same league. According to some esti- mates, they will soon pass the multinational corporations as the major monetary force in the world. By the end of this decade, according to Horace C. Bailey, senior vice president of the Chemical Bank, Middle East governments will have as much as billion in their treas- uries, representing what is like- ly to be the largest hoard of foreign held money ever ac- cumulated. Though what they hold now Is far more modest, it still can pack a wallop. American bankers estimate that of the billion in the Eurodollar market is the money of central banks from smaller countries (the central banks from the major develop- ed countries having agreed not to make Eurodollar place- Of the JJ5 billion, it is estimated half comes from the Middle East and North Africa. The middle eastern govern- ments also place their reserves in interest bearing paper of olSer governments or public authorities and, of course, in gold. At the end of 1971, according to figures in the latest annual report of bank for international settlements, the Middle East governments held billion of gold reserves. They probably hold far more now. There also are the private holdings of the Middle East, which are considerable. The best clients of the London and Zurich gold dealers are banks in the Middle East. Some of these banks act for smugglers who carry on a regular trade with India. Some buy for the sheiks. Half the banks in Beirut, Leb- anon, the key banking centre of the Middle East, are foreign- owned. At the same time, how- ever, Arab financial Institutions arc extending their operations' into western Europe. A score of Arab banks has organized a consortium with France's state owned credit Lyonnais, and the powerful Union De Banques Arabes has branches in London and Home, with plans for one in Paris. Another consortium, this time linked with France's other big state owned bank, the Societe of Paris, Is financing trade between Europe and Middle East under the na m e Banque Franco-Arabe. PROGRAM DIRECTOR Junior Achievement teoks the of a community- minded Individual to super- visa tho Junior Achievement program on a part Ifmo basis. For further Information write: The President, Junior Achievement, lethbridgv P.O. Box 880 Lelhbrldgtr, Alberta "CITY REALTY INSURANCE LTD." 1117-3rd. AVE. S. PHONE 328-325T m_ left to right or. HOWIE STEVENSON, TOM SEINES, VICKY GRABElT MARION KE1VER, ROY Sol.i Manager CONRGATULATIONS lite? cf Cily Insurance Ltd. Is pleased to congratulate They are now fully qualified to handle oil your Real Estate whether you considering buying or listing properly for sale, they will be pleased to have you contact them. Coll any of thna ,ales people to inquire about our "Trip to HAWAII" and our "200.00 his style old style Think hockey's tough today? Not on your slapshot! You should have seen itway-back-when. A real man's game. And it called for a real man's beer. Lethbridge Old Style Pilsner. Slow-brewed and naturally aged for big beer flavour. It's the one thing that doesn't change. Alberta's original Pilsner is still a winner, year after year after year. Try it. You'll be a fan, too. TRADITION YOU CAN TASTE FROM THE HOUSE OF LETHBRIDGE ;