Lethbridge Herald, The (Newspaper) - May 9, 1974, Lethbridge, Alberta
NUy oving day Preparations for the opening of the season at Vancouver Children's Zoo in Stanley Park include transferring the 250-pound tortoise to his summer home. Dan Clint Greenhough and Bob Runnie help speed the move. For generations the Russians made a vodka from potato spirits. we introduce to Canada a vodka which is a delicate blend of fine grain and potato spirits. ROSTOV VODKA Private sector intruded as Tories protect investor EDMONTON While flying the banner of free Alberta's Progressive Conservative government has been moving into areas once reserved for the private sector. Premier Peter Lougheed and his cabinet ministers consistently stress their commitment to the free enterprise system. But in efforts to exercise more control over the province's economic the government has increased its participation in f areas once the exclusive domain of private business. Premier who has worked closely with the NDP premiers in the other three Western provinces on issues of mutual assures businessmen the government isn't interested in eliminating their role. But as the owner of depleting natural the province has to make sure that it gets a fair return and that small investors have an opportunity to share the wealth. The throne speech opening the spring session of the legislature clearly presented the government's citizen partnership involving Alberta shareholders and their will strive for the appropriate balance of Alberta resource control and private enterprise manage- Two vehicles The government has two main vehicles for implementing this Alberta Energy Co. and the Alberta Resources Growth Co. The energy which will be operational later this will be a joint government-investor undertaking that will allow expanded citizen participation in resource development. The province will sell the company its natural gas reserves in the Suffield estimated at four trillion cubic and turn over its option to buy 20 per cent of the million oil sand extraction plant being built by Syncrude Canada Ltd. Industry aid The first share offering of million will be split between the government and private investors. Small normally unable to afford resource company will be encouraged to buy shares that are not expected to cost more than each initially. An instalment plan is being formulated to help the small investor buy into the company. Legislation establishing the resources growth company is scheduled to be introduced later this year.. Based on the same government-investor concept as the energy it is expected to be given government .interests in secondary processing plants. As outlined in the throne will provide Albertans with the opportunity to invest in petrochemical and resources- upgrading projects in the existing decade. By this balanced growth involving smaller centres throughout the province will be A 20-per-cent interest in In- terprovincial Steel and Pipe Corp. Ltd. of Regina was recently acquired by the Alberta government at a cost of million. The steel manufactured in Regina will be turned into crucially needed construction material such as pipe at subsidiary facilities in Alberta. Must intervene Industry Minister Fred Peacock says it is not a departure from the government's concept of free enterprise. If the economy can't be developed fully through private en- Mr. Peacock then the government must intervene. The government has taken an active role in oil marketing with establishment of a petroleum marketing commission that makes sure the best possible prices are obtained for Alberta crude. The commission buys and sells oil pro- duced from Crown leases. The government also has set up its own export agency and has conducted a series of trade missions. Another government move into once-forbidden areas was its acquisition for of controlling' interest in a financially-troubled chemical plant. Mr. Peacock said the government was only acting as a caretaker to protect 45 jobs and is looking for someone to buy the plant. NOW-UNTIL A WEEK SATURDAY Kem quality paint price tags theoldftl a gallon You pay no more than- a KemlCoat PREMIUM LATEX HOUSE PAINT WHITE I SUPER Kern-Tone LATEX FLAT contents are a tinting the gallon cans are snort- filled 2 to 4 ounces to allow tor addition ol colorants. walls Superior Kem paint manufactured by Sherwin-Williams. Kem-1 -Coat. Pre- mium quality latex exterior white paint- great one coat protection. Kem-Namel is a latex semi-gloss with a lustrous finish that wears and wears. And Super Kern-Tone. It's the interior latex paint on the marketjsAnd both Kem-Namel and Super Kern-Tone are available in plus white. If you've been waiting for the right time to you can't afford to wait any longer. Sale ends a week Saturday at par- ticipating department Home Improvement and Sherwin-Williams dealers. Trade Mark plain paint ft ain't SHERWIN-WILLIAMS co. OF CANADA LIMITED terior Walls SHERWIN-WILLIAMS 424 7th Street Alta.