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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 3, 1973, Lethbridge, Alberta 38 "THB IETHBRIDGE HERALD Thursday, May 3, 1973 heads Eagles Patronage refunds mount The Alberta Wheat Pool, now marking its 50th.anniversary, has returned its sur- plus earnings to members for 35 consecutive years. A total of more than has been refunded to member patrons cf the Pool's country facilities. proceeds CREEK fSpe- Already the Town "of Creek and the Mu- p-, pijir-hcr 'J ore planning for 5 Canada be the >kiing portion of for the sVi- 'immuni'.r Hall ?o- estimates ns renovations to the hall for the purpose of provid- ing suitable physical facilities for housing the contestants. Grants bs available to assist in this but (he two Councils have mads provision in.their budgets for S4.- 000 each which would con- tingent the receipt of a federal provincial grant in the amount of Installing partitions in the tipper storey of the hall and laying a floor covering v.ill be necessary. onei "VER fCP'i 'fie TJcl. inlands to Pacific wants to get c'.her inter- osU than the parent comnsny in of iis CPI. lie snin the public will :o c'Teet cqinty own-; have an opportunity to obtain 'ho pubiic, says Ian chairman and chief. executive nffinci- of the J'on- trv'al-based 'T look for.varrl to dny -i-nen participation in the the air- line. Marathon i'icalty and our shipping." Sinclair said in an interview published yester- The interview took place he was in Vancouver for annual meet.ins last of Bloedel Ltd in Canadian Pacific hojds a 'ft. Mudair cla'e has rx'ei; se: for such equity offer- ing.--, hut. noted that two subsi- j Oiaries. Marathon Realty, and CP Air. have been paying divi-; c'ciifis for five years. j On the side, he said: ''V.V arc not mature enough o'jr hotclh yet with the devel-' program now in pros-' At '.h? public ran in- Canadian Pacific or- or voting preference shares or in (he main holding subsidiary. Canadian Pacific tn- ve-strnc-nu; Ltd. '.CPI-, which has. convertible preferreds and warrants outstanding. Also ,-jvcii'ahlf- arc shares of CPI sub- sidiaries. Comincb Ltd., Pan-: Canadian Petroleums Ltd. and Great Lakes Paper Co. Ltd. Mr, Sinclair said Canadian CPT common snares by con- version of the company's prs- fcrrwis or by exercising CPI warrants later this year. The parent Canadian Pacific i had book value assets of j billion at the end of 1972, mak-! ing it one of Canada's largest j corporations. Mr. Sinclair said Canadian j Pacific, which began a major I diversificolicn program about j 35 years ago. intends to con- j tinue to broaden its base, diver- sifjTng both by act.iviry and ge- ography. Asked whether the company's expansion moves outside Can-; ada were aimed at avoiding; criticism of its growth within i the country. Mr. Sinclair said i Canadian Pacific still is ex- i panding at home, bur, criticized Canadians for lack cf pride in their home-grown multinational companies. Mr. Sinclair said CanndiRns should be proxid that Van- j couvcr-basod MacMiHnn Bloc- del. Canada's laraest forest products company. ''has siirc.'nl oui and has operations in. Spain, the U.S.. the U.K.. the- Nclber- lands and other countries.'' "Canadians may be late nn the scene, but they don't seem to realize that, companies such as MB. and Canadian Pa- cific have demonstrated {.hey can operate businesses success- fully in other countries." royalty on gas suggested EDMOXTOX (CP) Tile Al- berta government should place an additional five-per-cent roy- alty on natural gas and give t h e money directly to mu- nicipalities. Bob Russell, <-he province's Liberal party leader, Referring to the government's r-IJ'orts obtain higher prices f'V natural gas, Mr. Russell said in a prepared that the companies which own the gas will be get- ting, the lion's share of any price increase can well af- ford pay an arldiUonal five- royal iy on any gas sold .tMi'icr row agreements." Russell said the munici- pal iovcl nf government "comes on short, side of the taxation shell game.'' limr-. Premier Iw.'.'i f'.ivor- special grant, to Ihe taxpayer, tlie mu- I nicipaJities have to pick up the jsbck." j The Progressive Consen-ative government recently introduced i legislation, for a property tax j reduction plan which would j give tiie average property own- j 1 cr a rebate cf up to a year on properly taxes. Tho plan also an income tax credit of up to a year for renters and million in incentive grants to municipalities, who keep their annual spending in- creases 7.5 per cent or Merc and more services to the people must bo provided by the municipalities yet Lougheed has steadily moved toward a typical centralized Tory gov- Mr. Russell said, "giving handc-ats to people and forcing the municipnlilics to go hat. in band to his gov- ernment for grains." NATAL (HNS) Michel j Aerie 1864, Fraternal Order of i recently elected John j Lelasy president. Other officers: Alex Sinetar, vice president: John Chala, chaplain; John K. Mitchell, sec- 'rc.tary; John L. Desjardins, .treasurer; Robsrt Desjardir.s, An eel 3 Zanon. in- side guard: Bernie Graham, .outside guard; trustees, John JKiuidrak. Walter Skura ard !Tom Findley. Members will attend the Northwest Regional Conference, hosted this year by the Cran- brcck Aerie, slated for the weekend of May 4, 5 and 6. The membership present decided to send four delegates to the con- ferepce. Jolm Kundrak, John K. Mitchell, _Paul J. Chala and Besjardins with Robert I Desjardins an alternate in the event one of the designated 'members were unable to at- tend. Michel Atde marked its 64th anniversary April 29. Michel Aerie, one" of the oldest aeries in B.C., was instituted April 29, 1509. Couple heads Blairmore Legion and auxiliary Mr. and Mrs. Elmo Fontana of Blairmorc have been, installed presidents of the Blairmcre Royal Canadian legion and women's auxiliary. Zone commander Rusty Owen of Pincher Creek installed officers. SIMPSONS ears Primus propane kit Consists of staraard stove, and 100 wait 1C" dual vaive post and 4'Hb. cylinder, empty, it's sa'e. easy-to- Spring tension lounge cot Has 4-position hinged back adjustment. The heavy-duty 2-ply Egyptian cotton cover is attached to frame with strong stse! 3ormcs. Size: 25x74" SPORTS CENTRE WHERE THE. MEW IDEAS Comfortable air mattresses xvaf'Sc- sir rnn'.iress with pillow j 75" dialed. Colour 9'x9'x6'6' Wafer r 1 T I rlusn lonet Top section has water reser- voir, flusli system, scat, cov- er and depressor. Bottom holds tank, can be used ap- prox 50 times. 28 Ibs. total weight. Simple to erect because of the Duiside steel frame. Tent is so roomy that it'll sleep 3 to 4 people. The 'Butyl-Dri' treated canvas ensures tent remains water-repellent. Pius, there's a large canopy for sun an j rain protection, Tsvo screen Sevvn-in plastic coated floor. Yellow roof, orange walls and canopy. light Weight Polyester Fibrefill Sleeping Bags Non allergsnic, 2 tone poplin covers. Co-ordin- ated printed cotton lining. 2 Ibs. Reg. 10.99 3 Ibs. Reg. 11.99 4 Ibs. Reg. Store Hours: Open Daily from a.m. to p.m.; Thurs. and Fri. a.m. to p.m. Centre Village Mallf Telephone 328-9231 ;