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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 25, 1974, Lethbridge, Alberta Monday, March 25, 1974-THE LETHBAIDOC HERALD-7 Saudi Arabia 'threatened9 to destroy OPEC By JUAN DE ONIS New York Times Service VIENNA Saudi Arabia, the world's largest oil exporter, threatened to pull out of the Organization of Petroleum Exporting Countries rather than allow a new increase in official oil prices, reliable sources report. As a result, these sources said, the organization, which consists of seven Arab and five non-Arab-oil-producing countries, froze for a three- month period the official or "posted" price of oil, the mythical price on which government taxes and royalties are calculated. Then a meeting of nine Arab oil countries was held here, and that meeting ended with the official announcement that seven of them would lift the embargo on shipments to the United States that they had imposed in October. At that meeting, the informants said, Saudi Arabia and Egypt vetaed a Syrian proposal that the official announcement specify that the embargo was being lifted only for three months, with any extension beyond that date to be subject to a new vote. Instead, the communique stated merely that the Arab oil countries would meet again on June 1 in Cairo to review all decisions affecting the oil supply and price situation Arab sources at the meeting said in their view this wording was sufficiently broad to play down the impression of a direct threat to the United States while reminding Washington that oil could still be used as a weapon. The informants said that on the major issues of the embargo and oil prices decided here, Saudi Arabia virtually imposed conditions that were closely in line with American desires, with considerable risk to the unity of the Arab countries and the world's major oi-producing nations. The serious conflicts on these issues were described bv participants in the meeting of the organization of petroleum exporting countries, which dealt with prices, and the conference of nine Arab oil ministers on the embargo and Arab production cutbacks. Seven Arab oil countries were represented at both meetings Saudi Arabia. Algeria, Libya, Qatar, Bahrain. Kuwait, and Abu Dhabi The five non-Arab oil producers m the organization of petroleum exporting are Iran, Venezuela, Nigeria. Indonesia and Ecuador. Egypt and Syria, being small oil producers, do not belong to OPEC, but their ministers joined the seven other Arab oil countries here for the meeting on the embargo against the United States. Saudi Arabia's decisive role at both meetings was explained by informed sources in terms of as being based on a decision by King Faisal, the Saudi ruler, and president Anwar El-Sadat of Egypt to involve the United States as deeply as possible in resolving the Arab-Israeli conflict on terms that the Arabs consider acceptable. In the conference involving both Arab and non-Arab oil producers. Saudi Arabia was exercising the power that grows out of her role as the world's largest oil exporter, with a decisive influence on Ihe world supply, and therefore on oil prices. At that meeting. Algeria and Indonesia reportedly proposed, with Iranian support, that the official price be raised by about 15 per cent. While nearly all the members of the organizations reportedly favored a price increase. Sheik Ahmed Zaki El Yamani, Saudi Arabia's minster of petroleum affairs, argued that prices must come down in the interest of maintaining economic stability in the western industrial countries and the developing nations. During a stormy session, Kuwait and Abu Dhabi placed in the conference records a censure of Saudi Arabia for allegedly attempting to discourage oil buyers from making high bids for oil being auctioned by these countries. Bids for Kuwait and Abu Dhabi oil in the last four weeks have been substantially below the-current "posted" price of between and for oil in the Persian Gulf. The latest: Kidnapping insurance Involved in incident Police have sought clues in this eight-room house in Fleet, England, in their investigation of the attempted kidnapping last week of Princess Anne. The house is about 10 miles from the Sandhurst military academy where the princess lives. Persons living near the house say a man rented it about three weeks ago and then disappeared a few hours before the attempted kidnapping in London. By IRVING C. WHYNOT CP Business Editor TORONTO (CP) At least three large Canadian firms with foreign operations have recently placed kidnapping insurance on their executives, covering both those stationed abroad and top officials travelling from Canada. The policies range from million to million. A Toronto insurance broker says he has been telling his corporate clients that they should have such protection and "there's a growing interest and response." Insurance companies writing this type of coverage and the companies themselves are hesitant to divulge details. Those who talked did so on condition they not be identified The Toronto broker confirmed that he has sold three such policies in recent months. Two of them cover staff abroad and Canadian executives travelling outside Canada; the third covers only staff stationed abroad. The policies are on a corporate basis and are not sold individ- ually. "I assume other companies have sold similar policies so the assumption is that other companies are also covered." INTEREST GROWING Interest in such coverage has been growing since a wave of kidnappings for ransom in South America started in 1972. The latest gave kidnappers million in ransom, the largest ever paid. One of the companies covered by the Toronto broker declined to discuss the subject of insurance but said its executives in countries with a kidnapping history are told to take special precautions. They are told, for instance, to avoid a daily as driving to work at the, same time and over the same route. Their children are escorted to and from school and their wives are told never to travel alone. Visiting executives from the Canadian head office are told to remain as inconspicuous as possible. As a matter of policy this company, and several others, tries to hire local nationals for top executive positions rather than sending in a Canadian. COVERAGE AUTOMATIC As far as could be learned no foreign multinational company operating in Canada has so far felt it necessary to insure their Canadian executives against kidnapping. In many cases, however, this is automatic through group insurance placed at the head office on all executive staff serving abroad. Insurance firms in the United States began selling kidnap insurance some time ago. Premiums for corporations range from to a year for coverage on ransom demands of from million to million. The insured usually pays a deductible of to and some U.S. firms are declining to place insurance on executives in some countries in South America. The Toronto broker says premiums are scaled to the number of people covered, the face value of the policies, and where they are located. DIETRICH DENTURE CLINIC ROSSHOSACK CffrtlfWO DvntM MAClMflrC 304 Sth St 8. Ph. 327-7244 'Corporate rip off9 theme back in style By DAVE BLAIKIE OTTAWA (CP) The New Democratic party has returned to a familiar theme after months of prodding the government on contentious national energy issues. The "corporate rip-off" is in vogue again among NDP members in the Commons and leader David Lewis is directing a new assault on big business and corporate profits. But party officials say there is an important difference be- tween this attack and the one that earned the party 31 Com- mons seats in 1972, the most it has ever taken in a federal election! The emphasis then was on NDP arguments that ordinary, wage-earning Canadians were suffering at the hands of profit-hungry corporations. "We've made that point pretty clear. People are aware of it and they're says a party official. "The point now is to do something about it, and we're making a start." One example is the party's demand that the minority Lib- eral government, which has relied on NDP support for sur- vival since 1972, do something to hold down corporate 'profits. "It's not coincidence that prices are going out of sight at the same time as the corpo- Cancer 6alarm belP discovered By ALTON BLAKESLEE ST. AUGUSTINE, Fla. (AP) Scientists have isolated an alarm bell for cancer'that promises to help fight off the disease. Its job is to announce that cancer cells have appeared in the body, and then to summon scavenger white blood cells to attack them. The new finding is part of the intricate "language" by which body cells and systems communicate with one another. For example, when flu vi- ruses or tuberculosis germs invade the body, the commu- nications systems summon white blood cells or antibodies to attack them. The viruses or germs are recognized as being foreign bodies. Cancer cells also are foreign, or not normal. One defence-against them is macrophages. which are sca- venging or killing white blood cells. But they need to be told what to attack, to be given the alarm. And the alarm is sounded by a protein substance in blood plasma called "recognition factors." Dr. Nicholas DiLuzio of Tulane University School of Medicine told a seminar for science writers sponsored by the American Cancer Society today. The recognition factors, ab- breviated as RF, are found in normal blood. RF attract the macrophages to the cancer, because they recognize the cancer cells as foreign. In a sense, RF says, "come do your Tulane scientists recently isolated RF. Patients with cancer have much less of the RF, they find. The more advanced the disease is, the less the amount of RF. But the RF level can bounce, back if much of the cancer has been removed surgically or otherwise treated effectively. An earlier report at the seminar warned of possible cancerous effects from the expanding number of chemicals man. has spread around the planet in the last 40 years. "The air we breathe contains gases and particles that never before entered the human lung. Our food has chemicals designed to improve its taste, freshness, which are strange, to our intestines, livers, kidneys, the report said. rations are, making record the official said. PROFITS RAPPED Mr. Lewis, in oratory remi- niscent of 1972, blasted profit increases when he spoke Feb. 28 in the throne speech debate. Wages fell one per cent behind cost-of-living increases in the last half of 1973, but corporate profits hit staggering highs, he said. "Corporate profits ex- pose-unjustifiable gouging of the Canadian consumer. Not until we rein in the runa- way power of the corporate monolith can Canadians expect to regain economic soverignty in their own land." The NDP leader has called repeatedly for an excess- profits tax, but how hard the party will press its demand in the Commons is unclear. So ,far the government has reacted cautiously. Party spokesman says there are limits to how far NDP members can go in forcing the government to act. "They won't be pushed into everything. We have to stick to what there's a reasonable chance of getting." Besides an excess-profits tax, the NDP wants selective price controls for some commodities, export controls on others, fixed mortgage interest rates, a food prices review board with power to roll back unjustified price boosts and a review of corpo- rate tax measures approved by Parliament last year. CITY OF LETHBRIDGE COMMUNITY SERVICES DEPARTMENT 1974 SPRING SWIMMING INSTRUCTION PROGRAMS FRITZ SICK POOL REGISTRATION Registration for all of the below listed programs will be taken on March 26th and 27th 1974 from 1.00-4 00 p m. and 6 00-8 00 p m daily in gym 1 of the Civic Sports Centre SPECIAL NOTICE Registration for the Children's (6-14 years) and Pre-School Children s (3 5 years) Programs will be accepted from Citizens of the City of Lethbndge Only PROGRAMS 1. CHILDREN'S (6 -14 years) SWIMMING INSTRUCTION a) MONDAYS, APRIL 1 JUNE 3 (10 SESSIONS) -i- 4.40 5.20 p m. Classes for Red Cross Pre-Begmner, Beginner. Survival Swimmer and Junior b) TUESDAYS, APRIL 2 JUNE 4 (10 SESSIONS) -i- 4.40 5.20 p.m Classes for Red Cross Pre-Begmner, Beginner, Survival Swimmer. Intermediate and Senior c) S (10 SESSIONS) -i. 4-40 5 20 p m Classes for Red Cross Pre-Beomner. Beginner. Junior and intermediate d) THURSDAYS, APRIL 4 JUNE 6 (10 SESSIONS) -i- 4 40 5 20 p m Classes for Pre-Begmner Beginner Survival Swimmer and Junior e) FRIDAYS, APRIL 5 JUNE 7 (10 SESSIONS) -i- 4 40 5.20 p m. Classes for Red Cross Pre-Begmner. Beginner. Survival Swimmer. Junior and Intermediate I) SATURDAYS, APRIL 6 JUNE 8 (10 SESSIONS) -i- 12.30 1.10 p m. Classes for Red Cross Pre-Begmner. Beginner. Survival Swimmer and Junior -ii- 1.20 200 pm Classes for Red Cross Pre-Begmner. Beginner. Junior and Senior -in- 2 10 2-50 p m Classes for Pre-Begmner. Beginner. Junior and Inter- mediate 3. MIXED ADULT AND TEENAGE (15 Mtd onr) LEARN TO SWIMa) Tuesdays. April 2 June 4 (10 sessions) -i- 9.00 p.m -ii- 9.15 10.00 p.m. Red Cross Classes for all Levels- Pre-Begmner thru Senior 4. ROYAL LIFESAVING SOCIETY PROGRAMS 1) Bronze Medallion a) Thursdays April 4 June 6 -i- 7.00 9.30 p m Open to all persons 14 yrs of age or over, holding a current Red Cross Senior Swim- mer Award of equivalent 2) Bronze Cross a) Thursdays April 4 June 6 -i- 8.30 11 00 p m. Open to all persons 15 yrs of age or over, holding a current RLSS Bronze Medallion. or YMCA Senior Lifesaving Award or equivalent 5. RED AQUATIC INSTRUCTOR COURSE a) Easter Week Monday April 15 Friday April 19 --i- 8 00 am -500pm Open to all persons 17 yrs of age or over, holding a current Red Cross Water Safety Leader Award. RLSS Bronze Medallion, or YMCA Senior Lifesaving Award Show Times PARAMOUNT THEATRE STING: 9-15 Nn Short Subjects TWO COMPLETE SHOWS: 7.00 9.15 ADULT ENTERTAINMENT PARAMOUNT CINEMA Short Subjects- 9.15 AND HOPE TO DIE- 9 45 LAST COMPLETE SHOW- 9 15 ADULT NOT SUITABLE FOR CHILDREN COLLEGE CINEMA ITALIAN CONNECTION 7.OO TO 00 UNHOLY ROLLERS. 835 LAST COMPLETE SHOW 835 RESTRICTED ADULT 2. PRE-SCHOOL CHILDREN'S (3-5 SWIMMING CLASSES a) Tuesdays. Wednesdays. Thursdays and Fridays April 1 June 7 4.00 4.30 p m. b) Saturdays. April 6 June 8 (10 sessions) -i- am -ii- 11 pm Program Objectives Include. orientation of simple skills through water games and play with other children REGISTRATION FEE SCHEDULE 1. (6 -14 yrt.) Swimming Instruction Pre-Beginner Beginner Survival Swimmer Junior Intermediate Senior 2. Pre-School (3-5 Swimming 3. Mixed Adult end Teenage (15 and over) Learn to Swim 4. Joint Red CroM-RLSS Instructor Course 5. RLSS Bronze Medallion RLSS Bronze Cross FOR FURTHER INFORMATION CONTACT THE COMMUNITY SERVICES DEPARTMENT AT 328-2341 LOCAL 256 SOUTHERN ALBERTA THEATRES CAROSTON Mayfair Thoatro "THE SOUL OF NIGGER CHARLIE" in color. Monday. Tuesday and Wednesday. Monday show at p m RESTRICTED ADULT FORT MACLEOD Empress Theatre "BLUME IN LOVE" in color. Starring George Segal Monday, March 25 show at p.m. RESTRICTED ADULT. PINCHER CREEK Fox Theatre "AVANTr in color. Starnng Jack Lemmon and Juliet Mills. Monday. Tuesday and Wednesday. March 25. 26 and 27. Monday show at p.m. ADULT, NOT SUITABLE FOR CHILDREN. TABER Tower Theatre "THE HARRAD EXPERIMENT' in color: Monday, Tuesday and Wednesday. March 25, 26 and 27. Monday shows at 700-900 p.m. RESTRICTED I ADULT iparamount Tonfte ttiiuThurs. At p.m. 10 Academy Award Nominations NEWMAN RCDfORD NfW Hi FkiWnk ADULT A GCOBGE UCV HILL FILM IWCSIING all it takes is a little Confidence. paramount cinema Tonrte and lues. At p.m. AMI v Vf OOOBnlHMiT rfOfCTODiC college cinema When The Gidfithtr situs your there's no pboe in the world you can hide] Tonite and Tues. First Show 7 p.m. RESTRICTED ADULT SECOND FEATURE ;