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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - March 20, 1971, Lethbridge, Alberta Saturday, Morth 20, Wl ~ THE IETHMIDOI HRAID - 27 im! A question of maturity or majority Business Talk JIM MAYBIi A question often asked is how old should children be before receiving their shares in an estate? The Canada Trust Company says it is difficult to generalize and often dangerous because the answer depends to a large degree on the children and circumstances in each case. Until recently, the earliest age at which a child could legally receive an inheritance was 21. This is changing. Some provinces have already lowered the age of majority. Manitoba has reduced the age of majority to 18 and indications are that the remaining provinces will soon follow suit, "a move which we support," says Canada Trust. The company warns there may be danger m providing an outright bequest of substantial size to a child on attaining majority whether it be 18 or 21. The danger is two-fold. The bequest itself can be thrown away by inexperience, unwise investments or reckless spending. The child's character and future well  being could be permanently harmed. In some instances there is merit in providing that a child receive his share in two or three stages. The will might direct, for example, a part at 24 years of age, another part at 28 and in some cases the balance at 30 or 35. In the meantime, he would be entitled to receive the income from his share.  * * Merits of proceeding this way are obvious. If a child dissipates the initial benefits, he is much more likely to learn by experience and to safeguard later benefits that come into his hands. Canada Trust recommends that serious consideration be given to the matter when reviewing estate plans, "for while we can legislate the age of majority, surely the age of maturity varies from individual to individual." * *  The federal Department of Transport finally cut loose with a few bucks to smarten up the Lethbridge Airport terminal. The former drab atmosphere has been enhanced with pastel mauves, yellows and greens. It's the first time in five or six years that anything has been done to improve the looks of the terminal. A new entrance is being built featuring double glass doors. Extensive renovations are being made to the former Air Canada space which is occupied by Time Airways Ltd. Incoming and outgoing baggage problems are expected to be eliminated with baggage having a spot to sit out of the weather. The $5,000 worth of work which started the end of February is expected to be completed the end of March from 1970-71 funds. The interior of the control tower is also getting a paint job. Some decent furniture in the waiting room would make a world.of difference to the long-neglected terminal.  * * Persons considering investing or becoming involved in any "pyramid" organization which offers fast wealth etc., might be advised to check the operation closely, check with police and.check the Criminal Mil Retiring? Get mm "Kfe" out of yew life savings! When you retire, you are faced with the problem of providing an adequate income during the remaining years of your life. You could invest your capital in "safe" securities and live off the interest But you may be forced to dip into capital to supplement the interest these, securities provide. This brings up another, more pressing problem. How do you make sure that you will not outlive your capital? If you invest in a Manufacturers Life Annuity, you can use your capital safely to increase the income you receive. These annuities scientifically use both capital and interest to provide '.vorry-frce income as long-as you live. If you are 65 when you buy your annuity, your annual income could be as high as 10% of the amount you invest. Annuities are available in many forms. The Man from Manufacturers can explain the advantage of each-and help yon choose one to fit your needs. INVEST HI MHUJUfES DICK BATEMAN Representative Re*. Phone 327-5137 FW oat, dip ami maii tmk MfM to MANUFACTURERS LIFE INSURANCE COMPANY 210 Professional Bldg., LETHBRIDGE I am interested in obtaining the annuity folder "Key to a Golden Age." NAME................................................................. ADDRESS..............~...................................-..... CITY..................:................................................ MANUFACTURERS LIFE INSURANCE COMPANY 141 Code of Canada which states: "Everyone is guilty of an indictable offence and is liable to imprisonment for two years: who conducts, manages or is party to any scheme ... by which any person, upon payment of any sum of money . . . shall become entitled under the scheme ... to receive from the person conducting or managing the scheme ... or any other person, a larger sum of money . . . than the sum or amount paid or given, or be paid or given, by reason of the fact that other persons have paid or given, or obligated themselves to pay or give any sum of money . . . under the scheme . . ." Consolidated sales of Loblaw Companies Ltd. of $1.95 billion for the 40 weeks ended Jan. 2 were $2' million above the comparable period the previous year. Net income was $4-7 million (35 cents per share) compared with $6.6 million (51 cents) . . . G. Tamblyn Ltd. reports an eight per cent increase in sales for the same period to $35.6 million. Net income of $539,172 ($1.85 per common share) compares' with $464,552 ($1.58) the previous year . . . Famous Players Canadian Corporation Limited reports net earnings in 1970 before extraordinary items was $4,283,578 (60 cents per share) compared with $4,659,050 (65 cents). A $12.5 million sale of communic a t i o n interests brought ret earnings to $16,-750,248 ($2.33 per share) compared with $5,774,530 (80 cents) in 1969. Theatre division earn' ings were lower than in 1969 but the communication division continued to "increase quite satisfactorily . . ." John Bolen, supervisor of the Southern Alberta branch of the Dominion Automobile Association, has opened a new office in the Professional Building. His wife Mary is office manager and secretary. Since 1963 the DAA operated out of the Bolen's res idence . . . Westburne Interna' tional Industries Ltd. has announced agreement, in principle, has been reached for the purchase of MacDonald Elec trie Ltd., an electrical wholesaler serving southern Ontario, marking Westburne's entry into the electrical wholesale industry as an adjunct to its existing plumbing and heating Wholesale operations. Engineering and Plumbing Supplies (Lethbridge), 245 12th St. A N., is a branch of Westburne. FIVE SPECIES Five species of grebes are found in Canada. HAY AGENCIES LTD. APPOINTMENT HAY AGENCIES LTD. College Mall, Lethbridge, Alberta, i* pleased to announce that Mrs. Erma Bikman is now on the Sales Staff. Mrs. Bikman is well known in Lethbridge and Southern Alberta, having owned and operated Carousel Knit Shop in Lethbridge for seven years. Please come into our office and let her help you with your Real Estate needs. CA$HCHEK Operated by ROJO ENTERPRISES is proud to introduce VIC VOGT JOYCE GUILLEMAUD RAY CURRIE General Manager Vice President C.B.S. Rep 1204 3rd AVE. SOUTH - 328-1101 Mighty markets climb By ART JOHNSON i Canadian Press Staff Writer Canadian stock markets pushed sharply higher this week, posting their best advance in more than three months'. Share turnover continued strong. The Toronto Stock Exchange's volume rose to 15.90 million shares from 13.64 million last week. It was the busiest trading week since the five-day period ending Jan. 16, 1970. The Toronto exchange's industrial index rose 2.88 points to 183.82. It was the biggest weekly advance since early last December. At the Montreal and Canadian exchanges, the composite index rose .11 to 181.04. Observers said investors have been encouraged by bank interest-rate cuts in the last few weeks in Canada and the United States'. On New York's Wall Street, share volume increased to 93.75 million this week from 84.71 million last week. The Dow Jones average of key blue-chip industrial Issues climbed 14.58 points to 912.92. ADVANCE CONTINUES It was the fourth consecutive week that markets have advanced. Copper issues received a shot in the arm from news that Chilean copper producers are having trouble meeting export contracts. The Toronto exchange's base metal index climbed 2.51 points to 96.36 by the end of the week. Shares of Home OH Ltd. and Cygnus Corp. Ltd., which resumed trading Tuesday on the Bond prices Supplied by Doherty Roadhouse and McCualg Bros. OOVHNMINT O* CANADA BONDS OOVMNMIN1 O* CANADA OUAKAMtfllD BONDS Cm. Net. Uwy. BM Asksd 6 % Apr. AVt% Sep. 5%% Oct. 8 % July. 4%% Sept. Pierp. 3 % 8%% Apr. m% Jul. 5y�% Sep. 1. 1, 1, 1. Sep, 1, 1, 1, 71 100.00 �72 99.65 99.75 75 100.62 100.87 '78 109.25 109.75 '83 83.87 84.12 15 41.00 43.00 75 104.00 104.25 75 108.12 108.37 '92 86.50 87.50 noviNciAi Alberta 8%% Ontario 7 % Ont Hyd 9 % N Bruns 9%% Nfld 8 % N. S. 6%% Quebec 7%% Alberta 8%% Man Hyd 8 % Sask 8%% Nfld 9%% AGT 8 % '90 106.50 '88 95.50 '94 110.00 '90 109.00 '74 99.00 '92 86.00 74 99.00 '90 108.00 '91 102.25 '90 106.00 '90 107.00 '74 102.00 109.50 96.50 112.00 111.00 102.00 88.00 102.00 111.00 103.25 108.00 109.00 104.00 Man Tel 8 % '74 101.00 104.00 INDUITRIAl 9%% 8%% Alta G T m% Alcan 9%% B.C. For 9%% B.C. Tel m% Bell Tel m% Bel Tel OPR CP Sec Cdn Util CMHC Gulf Oil Inter Prov 9%% Massey 9%% Noranda W\% Int Nick N and C 9%% Steel Cdn m% Tr Cdn P 9%% Tr Cdn P 10% 9%% 9%% 8%% '90 104.00 '91 108.00 '92 101.00 '90 103.00 79 105.00 '93 106.00 '89 103.00 '90 102.00 '91 103.00 '90 103.00 '90 105.00 �90 106.50 '80 100.00 '90 105.00 '90 106.00 '91 103.00 '90 106.50 '90 104.00 '90 106.50 105.00 103.00 105.00 108.00 105.00 105.00 105.00 107.50 102.00 106.50 108.00 104.00 107.50 105.00 107.50 Toronto and Montreal stock exchanges, advanced fractionally. The Ontario and Quebec securities commissions lifted trading bans Tuesday on the sharse of both companies. Home and Cygnus shares were suspended from trading March 12 after the federal government said it was negotiating with President R. A. Brown Jr. of Home for control of hte company. CONTROLS HOME OIL Mr. Brown controls Home through Cygnus Corp. of Cal gary. When Home and Cygnus shares resumed trading Tuesday, they dropped sharply in value. However the issues recovered by the end of the week. Home A was up 50 cents to $27.38 over the week and Home B, the voting issue, was tin changed at $27.13. Cygnus A shares rose 13 cents to $5.25 and Cygnus B voting shares climbed 38 cents to $6.63. On index at Toronto, golds advanced 3.66 to 187.29 and western oils 3.25 to 209.78. At the Montreal and Canadian exchanges, combined volume was 6.15 million shares, up from 4.38 million last week. Gains outnumbered losses 239 to 168 with 115 issues unchanged. Alta G T Cons Gas Scur Rain Tr Cdn P WC Tr C WC Tr Dynasty Acklands WC Tr E CONVERTIBIH 7%% '90 125. 5%% '89 96. 7y4% '88 95. % '89 91 5 �5%% m% 7 % 5%% '91 114, '82 60. '88 77. '84 99. 00 127.00 00 98.00 00 97.00 .00 93.00 .00 .00 115.00 00 70.00 .00 82.00 00 BLUE BEECH The blue beech is a bushy tree commonly found on borders of swamps and streams in southern Quebec and Ontario. SKUNK BIRD The bobolink is often called the skunk blackbird because the summer plumage of the male is black with white on the back. ATTENTION ALL Alberta Municipalities IT IS IMPORTANT That you send representatives to A GENERAL EMERGENCY MEETING Being held in Edmonton April 1st, 1971 Chateau Lacombe - 2 o'clock p.m. TO PROTEST BILL 28 An Act to Amend the Municipal Assistance Act This Bill reduces the Unconditional Municipal Assistance Grant Due to your Municipality in 1971 ... and in future years. Alberta Urban Municipality Association Telephone Edmonton 422-4331 For Information CrOSSWOrd - By H. H. RerMall 1 Springtime delights, 8 Maxim. 16 Very arid: 2 wd�. 22 Dwell In  place. 23 Merrymaker. 24 Straight. 25 Hero sandwich. 26 Arab province. 27 Filaments, 28 Betting term. 29 Agency con* cerned with employment record*: abbr. 31 Hostelriei. 32 Nautical term. 34 Disintegrate. 35 Recent: pref. 36 Vegetable. 37 Plethora. 38 Oak seed. 39 Auricles. 40 Existed. 41 Lyrical poem. 1 Quilted doublet. 2 Positive pole. 3 Rose*, comb, form. 4 Ladies of patriotic society: init. 5 Recede. 6 - children (slain by Apollo). 7 Fashion. 8 Before: pref. 9 Surrender. 10 Sheeplike. 11 Where the Sun crosses the Equator in Spring. FIRST DAY OF SPRING ACROSS 43 Carpenter's tool. 45 French numeral. 47 Titles. 50 Roman date. 51 Ruler of 26-A: var. 52 Spider's nest. 56 Blackbirds. 57 Blue flag. 58 Printer's spacer. 59 Calcium, phosphate. 61 Stannum. 62 Prune. 63 Old French coins. 65 Cereal. 66 By way of. 67 Property transferee. 69 Girl's nickname. 70 Spanish priest. 71 House addition. 72 Man's name. 73 European country. 74 Resource. 75 War god. 76 What Capistrano looks forward to. 80 Very: Fr. 82 To love: It. 83 African trees. 84 Emulator of infamous marquis. 87 Row. 88 German President: 1919-25. 89 Kind of vote. 90 Celestial body. 91 Troy, N.Y. institution: inits. 92 And. 93 River islets. 94 Storage containers. 95 Frozen water. 96 Dance steps. 98 Seaweed. 100 Male goats. 101 Antitoxins. 102 Greeting. 103 Bay window. 104 DDE. 103 Levelled. 12 Greek resistance army: init. 13 Expose to moisture. 14 Made an opening. 15 Saltpeter. 16 Readily available. 17 Cordial. 18 Pub drink. 19 Coronet. 20 "The Witch of-." 21 Reposes. "0 Impassive. 33 Afrikander. 36 Roulette bet 38 One afternoon affair. DOWN 39 40 42 44 46 47 48 49 50 53 54 55 57 59 Go off stage. Nickname. God of the underworld. Entertain. Pointless. Brazilian port. Infirm. Acting as an agent. Indian. Multiformities. Practical. Aquatic mammals.. Infallible. Egyptian capacity measure. Diagramless 21 x 21 by Janet C. Flory ACROSS 1 Competent. 5 Noah's stagestruck son. 8 Publicize. 9 Resort. 12 Highest note of the gamut. 13 Type face. 14 Exhaust. 17 Contraction. 18 Mesh. 19 Asiatic mandolin. 20 Greek letter. 23 Ailing. 24 Triumvir. 26 Cuba, for short. 27 Goal. 28 Equipment. 30 Lots. 31 Wreath. 32 Song of Joy. 34 We two. 36 Bellman's quarry. 40 Give it a bad review. 42 Sea eagle. 43 8ay howdy. 45 Ballet dancer of the '40s.  47 French marshal. 49 Like a witch's hat. 51 Old musical instruments. 53 Skipper of the Nautilus. 56 Scan. 58 Jot. 59 Murderer. 60 Welfare program? 66 Moby Dick's foe. 67-your pardonl 106 Dennis, e.g. 108 Take hold. 109 Parisian friend. 110 Tear. 111 Conspiracy. 114 Enticer. 116 Grampus. 118 Require. 120 Druggists' degrees: abbr. 123 Dominie: abbr. 124 Vessels for flowers. 125 Magpie. 126 Visit: naut. 127 Simpleton. 128 Feminine name: var. 130 Goes to bed. 133 Sun rooms. 135 Colonist. 136 Agltative. 137 Apparent. 138 Sowers. 139 Hospital entry regarding fatal accident victim. 140 Scatter. 141 Arid areas. 60 Devoted adherents. 62 Stage knife. 63 European river. 64 His wife was Frigg. 65 Foundations 68 Anglo-Saxon letter: pi. 69 Sudden gush. 70 Exclamation of disgust. 73 Heavenly bodies. 74 Bearer of great burden. 75 Totals. 68 After whom the deluge. 69 Colombian port. 70 Sifts: Sp. 72 Stair post. 76 Shade tree. 78 Indonesian island. 80 Challenges. 82 Household god. -84 French beings. 86 Beau -. 88 Bountiful. 92 Scrubby wasteland. 94 Conditions: colloq. 77 Ratite birds. 86 Trample. 98 Checked. 109 Dynamic. 119 Facilitated. 129 Restricted 78 Ord or Sill. 88- Downs. 99 Fibber. 110 Eradicate. 120 Shipworm. company: 79 Beams. 89 Wise men. 100 Edge. 111 Iron. 121 Aim. abbr 80 Flaming 90 Coin. 101 Weaken. 112 Dike. 122 Long thin. 131 Midwest light. 94 Oven 103 Monster. 113 Eggshaped. bars. institution! 81 Seamlike cooking. 105 Freed. 115 Employers. 124 Odious. abbr. union. 07 Long 107 Machine 117 Convene 125 Outrigger. 132 Nickname. 85 Holy: Fr. Incision. tool. again. (27 Grown dim. 134 Fleur-de--* 96 Golfer's 114 The world 8 Grill. 37 Rainbow. 61 Exclama- 85 Commotion. target. of France. 9 Place. 38 Early auto. tion. 87 Near East 97- Desert. 115 Sailing 10 Durability. 39 Understand. 62 Ave atque egghead. 99 Fib. equipment. 11 Early 41 Revealing -. 88 Coloring 100 Health seal: 116 Mystical Christian card. 63 High spirits. agent. abbr. Met? doctrine. 44 Row. 64 Uncanny. 89 Dutch uncle. 101 Divided DOWN 14"Sound and 46 O.T. shrub. 65 Variegated. 90 Braid. . nation. 1 Awakens. fury -." 48 Lamb. 71 French 91 Melody. 104 French 2 Colonial 15 Light brew. 50 Mis- river. 93 - nonny. negation. courtship '16 Romp. anthrope. 73 Cutup. nonnyl 105 Sec. practice. 20 Elan. 52 9th Cent. 74 Before. 95 Campaign. 106 Virginia's 3 Cover. 21 Crackle. Englishman. 75 La and la. 98 Fur scarf. great son. 4 Season In 22 Beau -. 54 Improper 77 Much-quoted 101 Midge. 107 Late: pref. France. 25 Connective. prefix. chairman. 102 Wierd as 108 Bartender's 5 Beauclerk. 29 Source of 55 Lone. 79 Wooded 64-D. must. 6 - Guinness. caviar. 57 Live coal. wasteland. 103 Urge. 109 Silence. 7 School sub- 33 Indigo. 60 Gangster's 81 Oppressive. 110 Fern. name. 110 Ripening. ject: abbr. 35 Jar.  weapon. 83 Floor mat. 111 Stickum. 112 Limb. 113 - o'clock CRYPTOGRAMS scholar. SOLUTIONS OF IAST*WEEK'S PWSJXS anam Hiaii antona cbbib anana warae snnHia aaraiiira amaa bbbe nnijianniRi mnsraniH mora ngrjara nnran mtatsB ,__aag mania nnnnns oaaauaaaaHHDEiiH nasiEM raaaanjni nnnm Uiiaaaa aaaa nan lannn asiaa aiianan [iiiaia anaBDi dduddgib Haas) anna deeed anrana hgjhh hewed maranift nan bblugib IfflEill I____BOD anannaa ataanaaa ?ogididcib adMiiaaa taBaaacra aQamaon sgmnnnaa nnnaaaa anniaaciB sua anna aaaaa amain ama anna mama taan qeibb hdjbb annma aoaaaa ???? uiaauu aaiaaaa nana eiaaa ana nanaman taaaa uaanumu nuiia mniaiaii nana hhqci bub ansm ama nEinEiiaraRiisiQ ranim jisiaaaaa aaaa amae aaaaa aiamaaa ararararaosran hgoggu laniniiii annas oraorj hbbbhbb msiiaa aaaaaHHUB amm bueju acaa aaau uuuh uuuiuh isma �aiaatiiria hihrh snoniiBia aaana dame iflUKHUia eddbc I nana aaiaci uum uuiim uuiiiia Eifsin ramnra rnmnniR bbeig etm nmmnnnra mnnnninc ocehde^ iifiinGircnrn nnnnnne eoebebe aanranram nnnniaoE epmisbee 1.UG HYAZPWPYWCEHF ALD CP UHOB UEZP ABCDEFEABCOLD WBLY UEFW IHGP EHZ LIP. - By Edward S. Lloyd 2.VLGLOCT HJUPAGSAU HUMIEAS BVV UBDST OMIPRYATJI DLPE J DELICAT HURRY. - ByLoisJone* Last Week's Cryptograms 1. Knitting black scarf for busy boyfriend, girlfriend couldn't find directions . for ending end. 2. Used car alteration caused altercation. c Field Eiitcrprises, Inc., 1971 ;