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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 23, 1974, Lethbridge, Alberta Saturday, March 23, THE LETHMIDOE HERALD 9 Herald Legislature'Bureau EDMONTON Provincial Treasurer Gordon Miniely scarecely knew where to squeeze all the money into his billion budget brought down Friday night. After telling the taxpayers the province will pass on more than million in tax cuts and cost reductions, he predicted a budgetary surplus of million biggest in the province's history. And Mr. Miniely has not even calculated what could be an incredible additional million bonanza in oil revenues during the next year as new royalties go into effect and the province garners its share of a federal export tax on crude oil. He told a budget briefing earlier in the day he will be bringing down a revised budget as far as income is concerned after April 1 when oil revenues are established. He said he doesn't know exactly what the province will do with all its money but that the operating expenditures set out for this year would not change. Money, money, money The money will be going into long-term investments and resource companies operated by the government and the Premier will be announcing changes in the province's fiscal policies. EMBARRASSINGLY HIGH In the meantime, it even appeared the treasurer was attempting to keep the surplus figure from being embarrassingly high as far as the rest of the nation-was concerned. One reporter at the briefing termed the shunting of funds to various accounts as "Miniely's Dealies." "Non-budgetary" loans and advances to various government agencies totalled million as one example. As far as the operating budget for 1974-1975 was concerned, the treasurer said spending would increase by 21 per cent. But he insisted that because part of the increase was attributable directly to tax reductions and rebates, increases in operating expenditures were really only 16.5 per cent. Government departments would require "only an average 9.9 per cent increase in manpower." Mr. Miniely also reported to the briefing that the province is in the enviable position of earning more than nine per cent from its new consolidated cash investment trust. The province acts as its own broker for million now in the short-term investment fund. It invests in London, Toronto and New York money markets on 30 to 60 to bases One hundred million dollars is invested for up to a year, the maximum time funds are invested under the scheme. Prices major problem FIRST SETTLERS Moncton, n.b., was founded by Acadian settlers before 1755. LOBSTER CAPITAL r Shediac, N.B., is known as the Lobster Capital of the World. speak up. What more do you want from your library? How should your provincial government be involved in the extension, improvement and development of publicly supported library services in the province? A PUBLIC HEARING for the presentation and discussion of library- service concepts will be held on WEDNESDAY, MARCH 27TH, 7 to 10 p.m. LETHBRIDGE PUBLIC LIBRARY 810-5 Avenue S., Lethbridge, Alberta If you use libraries or work in a library public, school, university, college or special libraries you are urged to attend and speak up in the public discussion. ALBERTA LIBRARY STUDY Ste 1008. 10040 -116 Street. Edmonton. Alberta EDMONTON (CP) The shaping up as a major Alberta government says the economic problem, rate of world and Canadian The 1974-75 provincial price increases in 1974 is budget tabled Friday night GENERAL FARM Presents The Weather SUNRISE SUNDAY SUNSET H LPre Medicine Hat 13 -4 Pincher Creek... 17 -3 Grande Prairie 16 .-20- Edmonton 11 -4 Jasper..........29 -4 Banff...........29 8 Coronation...... 4 -16 Calgary.........11 -4 Victoria ........51 35 Prince Rupert... 48 31 Kamloops....... 51 29 Vancouver...... 50 34 Saskatoon.......-3 -29 Regina.........1-30 Winnipeg......3 -25 .01 Toronto.........38 31 Ottawa 30 21 Montreal........29 19 Chicago......47 22 .04 New York ......48 39 Miami..........85 76 Los Angeles.....64 56 San Francisco 54 50 Phoenix 77 53 Las Vegas......77 51 Denver......... 44 13 .19 Honolulu...... 83 73 Mexico City.....82 48 Athens .........75 63 50 Paris...........61 50 London.........41 45 Berlin..........55 41 Amsterdam.....59 46 Lethbridge Medicine Hat Calgary Mainly sunny today and Sunday, lows zero to 5 below, highs 20-25 above. Columbia Kootenay Region Today and Sunday sunny. Highs both days 40 to 45 except 45 to 50 western half. Lows tonight 10 to 15 except near 20 western half. MONTANA East of Continental Divide Snow ending in the northwest this morning. Widely scattered, snow showers east and south today. Partly cloudy Sunday with gusty southwesterly winds along the east slopes of the rockies.-Warming trend this afternoon thru Sunday. Highs today 20 to 35. Lows tonight zero to 15 except 20s along east slopes of rockies. Highs Sunday mostly 40s. West of Divide Scattered snow showers mostly north portion today. Gusty northeast winds Flathead valley diminishing by afternoon. Partly cloudy tonight and Sunday. Warming trend this afternoon thru Sunday. Highs today 35 to 45. Lows tonight 20s. Highs Sunday 40 to 50 PACKERS and HARROWS Order now and be ready for Spring. Flexible, Diamond, Coil Spring Tooth and Mulcher Harrow. 4 ft. and 6 ft. Inland AVAILABLE NOW AT. GENERAL FARM SUPPLIES Coutte Highway Box 1202 Phone 328-1141 AMA ROAD REPORT as