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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 8, 1974, Lethbridge, Alberta ntmj Hinman denies probe testimony EDMONTON The chief examiner for the provincial insurance branch said Tuesday he received personal loans totalling from Albert president of Cosmopolitan Life Assurance Co Bill McKmnon told a public inquiry into Cosmopolitan's collapse that the money was not for help with policy an explanation advanced by Mr Jaasma Monday Mr McKmnon said Mr Jaasma became aware of the examiner's financial situation and offered to lend him f over three years only was advanced between 1967 and 1970 The loan under which Mr McKinnon vould eventually repay the money at a was never written down and only the two men knew of said Mr McKinnon He added that as a result of the loan he pursued the company's affairs more vigorously than he might have attempting to bring Cosmopolitan before the attorney general and the securities commission for investigation of wrongs and possibly criminal wrongs He said he wanted to the and whatever charges were kicking around before the but government authorities me all the and even the Hale report of a 1967 government investigation of Cosmopolitan got buried Previous testimony by the director of the Alberta Securities Commission confirmed that criminal action against the directors of Cosmopolitan's parent company PAP Holdings Ltd was recommended to the attorney general in 1970 but charges were never laid HINMAN TESTIFIES Also testifying Tuesday was E W former provincial treasurer and currently the MLA for who denied testimony by Mr Jaasma concerning the sale of Edmonton a local poultry operation Faces of tragedy Overwhelmed with relatives of children killed in Viet Cong shelling of Song Phu cry at memorial service Tuesday in the Mekong Delta town 65 miles southwest of Saigon Eight children died and 40 were injured in the incident Member accuses Lang of insulting committee OTTAWA Justice Minister Otto Lang was accused of insulting a parliamentary committee Tuesday for refusing to name companies given government grants to improve gram and oilseed marketing Alf Cleave Saskatoon made the charge shortly after Mr Lang said he wished to protect the confidential commercial interests of groups receiving government grants worth an estimated 6 million this year The justice who also holds cabinet responsibility for the Canadian wheat of- fered a breakdown by cate- gories of those receiving lor have been given co 000 But other than divulging the recipients of two he refused to give the Commons finance committee an individual breakdown Bill Knight also expressed amaze- ment over the minister's refusal to give the information No other group had come before a committee and refused to name those receiving public funds Mr Knight also took issue with a grant given the Rapeseed Association of Canada for market development That money simply allowed the asso- ciation to spend other funds fighting moves to have the oil- seed marketed through the Canadian wheat board SAYS FOR MARKETS Mr Lang replied that the grant was used to help develop markets for and was not used to influence farmers in the type of marketing system best suited to the crop He also described as tremely intemperate' state- ments by Mr Knight that a former government official had been selected to carry out a study on the possibility of building an inland grain terminal in the Sask region SPAN CONTINENT Canada's 1 7 million square miles of forests extend in an unbroken belt 600 to miles wide from the Atlantic to the Pacific Ui J Ifr-J ''ft Mother's Day is May 12th DIETERS SKI SPORTS has an excellent selection of Ladies' Sports Equipment and Outdoor Recreation Equipment TENNIS RACKETS Over 300 in slock TENNIS BALLS EQUIPMENT Bo.s Arrows College Mall Phone 327-0553 'Your Number 1 Sports and Recreation Equipment in Southern Alberta' G We now have a complete ELTv Bicycle Repair Service Our qualified repairmen guarantee fast and efficient repairs ON MAKES OF BICYCLES Regardless of where the Bike was Purchased MOTHER'S DAY IS SUNDAY MAY 12th 1 IONA Gifts from Show mom you care by giving her the very best an IONA appliance gift from Hoyt's just great ideas for Grandma too. Drop in this week and see these quality IONA gifts. IONA MODEL R-28 PORTABLE MIXER Light Attractive Truly Portable Rugged Dependable 3 Mixing speeds thumb tip con- trols Heel rest Sure Grip handle Colors White Avocado Harvest Gold 11.88 MOTHER'S DAY SPECIAL 9 99 IONA MODEL 635 CAN OPENER Features include Removabfe culling assembly Opens all kinds of cans safely Has cord storaqe in back Reg 12.49 MOTHER'S DAY SPECIAL 10 DOWNTOWN NORTH LETHBRIDGE IONA12 SPEED BLENDER Blender cooking comes of age with the introduction ol the lona BT 47 blender a fast effortless solution to many tedious kitchen tasks a quality unit mat will give years of trouble free service 12 speeds Pulse action Heat resistant glass Rag. 33.95 MOTHER'S DAY SPECIAL 29 IONA MODEL CG8 COFFEE GRINDER For a perfect cup of coffee every- time A small appliance with big features Clear plastic top Safety switch Long life Easy to clean grinding cup and blade IONA MODEL EK5 Electric Knife WITH STAND An electric knife that can be used for more than the traditional car- ving chores Its sharp light and precision ba'anred to the point that il can be used a variety of cultmq jobs Safe Stainless Steel Blades Handsome Storage Case Attractive MOTHER'S DAY SPECIAL IONA MODEL C-35-KS CAN OPENER KNIFE SHARPENER A compact unit 'hat handles these 2 most troublesome kitchen chores with ease Out front an extremely durable safe and easy to use can opener on the back recessed grind ing heads that sharpen knives like Priced at 15 95 IONAMS56-CHHOME ELECTRIC FOOD MIXER With stand and mixing bowls Use as a portable or stationery mixer Automatic beater ejector Detachable cord Powerful lona super torque motor Priced it 38 95 We will Gift Wrap Free any IONA Gift from Hoyt's upon request. 14 88 21 88 USE YOUR CHARGEX or HOYT'S OWN CHARGE ACCOUNT DOWNTOWN 606-608 3rd Avenue S. Phone 327-5767 NORTH LETHBRIDGE Your Pro Home Centre Westminster Shopping Phone 328-4441 ;