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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 27, 1974, Lethbridge, Alberta 12-TH E LETHBRIDQE HER AID-Wednesday, March With Great Value Revival Camera clown Dusty the clown looks like he's having a circus as he aims his camera at a camera aimed at him during a promotional appearance in New York for Ringling Bros, and Barnum and Bailey Circus. He's a "clown ambassador" for the circus, which will be in New York March 28-May 27. No compensation seen for alleged trade violation By DOUG SMALL OTTAWA (CP) The United States hasn't a hope of winning compensation for alleged Canadian violation of trade agreements on beef, Agriculture Minister Eugene Whelan said Tuesday. "I'm not scared at he told the Commons agriculture committee. Both the finance and agriculture departments were fully prepared to defend domestic efforts to halt through use of a surcharge a flood of U.S. beef imports late last year. The U.S. currently is seeking damages for what it calls violation of Section 19 of the General Agreement on Tariffs and Trade following imposition of tariff surcharges of six cents a pound on beef and three cents a pound on live cattle last No- vember. The surcharges gradually were reduced by half to normal tariff levels in January following U.S. protests and the government recently has moved to protect domestic cattlemen from imports with a seven-cents a pound subsidy on the top grades of beef. Mr. Whelan said in reply tfe questions by rancher Bert Margrave Hat) that he did not feel the U.S. had a good case. Mr. Margrave had said that it appeared incredible that the U5. would even attempt to press the matter. "If anybody faced injury'it was the Canadian cattle in- dustry." The issue arose following the end of a beef-price freeze in the U.S. last summer. American cattlemen, who had been holding animals off the market, sold heavily when the freeze was lifted. The overflow spilled into Canada, depressing prices. A U.S. trade official said recently that the surcharge depressed prices on American markets. During the meeting, Mr. Whelan fielded a barrage of questions on the recently- implemented beef subsidy, which currently is costing taxpayers million a week. The government is consid- ering extending the subsidy to lower grades of cattle, but such an extension would be "extremely difficult to he told Bill Knight He added that the govern- ment also was pressing for a beef quota system with the U.S. Under it, domestic cattlemen could export about animals a year, while American farmers could send about back into the country. The ratio is roughly in line with population and cattle numbers in the two countries. Mr. Whelan said the difficulty in implementing such a system arises from the U.S. -method of changing quotas. Any changes require an act of Congress, and cannot be handled by regulation as they can in Canada. 17. S. energy production competition WASHINGTON" (AP) A Federal Trade Commission (PTC) staff study says energy production in the United States apparently is no more monopolistic than any other industry, but competition is dwindling. The stady says one federal agency should monitor the situation by gathering information on the reserves of oil. natural gas, coal and uranium and verifying toe reports independently. Petroleum company acquisitions of coal and uranium companies should be reviewed by the government as the mergers occur, the study says. The study by the FTC bureau of economics concludes that "production concentration in a national energy market appears to be quite moderate, especially compared to many other in- dustries." "On the other hand, energy concentration rose significantly between 1955 and The report finds that measuring production of all (our fuels on a dollar basis for 1970 showed the top companies control 23 per cent of production, the top eight 38 per cent and the top 20 57 per cent The same figures for 19S5 were: Top four cent of production, the top eight 27 per cent and the top 20 43 per cent- The top petroleum producers generally ranked as the top natural-gas producers. In addition, Gulf Oil, the third- ranking petroleum producer and fourth-ranking natural gas iModucei. also was 13th largest coal producer. Appointed OTTAWA (CP) Julien Major, 55, of Montreal, has been appointed vice-chairman of the federal food prices review board, it was announced Thursday. Mr. Major, legislative director of the Canadian branch of the United Paper-workers International Union, has served on the board since November last year. Take An Economical Trip To Yesteryear In This Club-Style Jacket Made Just For Nostalgia An Outstanding Value! This club-style jacket was made specifically for trips to the malt shop and and soda parlor. It features a Fortrel and Cotton fabric with knitted cuffs and collar. Spiffy side pockets and dome front closing. S-M-L-XL. EACH 0 f run f ti-ii- K- "A: rt, :M This Cottop Corduroy Jacket Tokos Yoo Back To Too Good Old Doys WON Quality merchandise really was quality merchandise and when good, value meant just that. This handsome cotton corduroy jacket features four patchpockets with flaps. It has a button front. In Brown Beige V> J" SATISFACTION GUARANTEED s 36 to 44. EACH 24.95 IA TMsToroo-MfoyKoitJoekotis Graot For Trips to too Drop, Strip Or to show off at the sock hop. It features an. outer shell of 65% cotton and 35% nylon and snazzy knitted cuffs, waistband and collar. Zipper front and two slash pockets. 36 to 46. EACH 18.95 m Woy Bock Wooo Poo Swootors ood aKat BaJfa Volawdo) OWOWWOf Corduroy jackets were Ore rage of the age and now "they're the rage againl These hand- some jackets feature a diagonal cut m a cotton corduroy. 36 lo 44. EACH 18.88 Lnthtr Jacfcots lid Bin Sub Shtts Hiw Rmlly 6ivM Wiy To Tot Mow CmU Utk Yesterday's oldies were goodies but today's newies are undoubtedly better. And that couldn't be truer of casual wear coordinates. Today's took features hand- somely-styled sport coats and matching pants in 100% textured ultimate in comfort In striking plains and fancy patterns. SET CREDIT PLAN see our credit office for complete details. Open Daily urn. lo p.m. and fri. a.m. to 9 p.m. raMnra right to limit ojuwitlMM haaaiitf! Hall vvfmi 2025 Mayor Mcgrath Drive DEPARTMENT STORES A DIVISION or THE F.W. WOOUMORTH CO. LIMITED 1 IF YOU TAKE AWAY OUR LOW PRICES YOU'VE GOT A REGULAR DEPARTMENT STORE ;