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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 15, 1974, Lethbridge, Alberta May 1974-TH1 liTHSHIPOt H1RALD -19 Cool and wet The western provinces and Newfoundland can expect below average temperatures and above aver- age precipitation for the next 30 according to a tentative outlook compiled by the U.S. Weather Bureau. Other parts of Canada will be warmer and drier than normal. Federal budget blow to oilmen HALIFAX Recent federal moves pose serious problems for Canada's oil in- particularly in explor- Bill vice- president and director of Shell Canada said today. He said the federal brought down before the gov- ernment's defeat last could present a to the and oil companies are worried that the Progressive if they form the next might not change it significantly as it relates to the resource industry. Under provisions of the which was not imple- mented after the defeat of the government but which the Liberals say will form the basis of their election the petroleum and mining industries would be subject to a new tax system. Instead of enjoying a gradual corporate tax reducion to 46 per cent by under a schedule laid down by 1972 tax change petroleum and mining companies would be taxed at 50 per rent. Resource companies would no longer be able to claim as a tax deduction amounts paid to provincial governments on their production. Some incentives now paid to resource industries would also be discontinued. Mr. who becomes president of Shell Canada in told a news conference that such measures could slow down the development of the Alberta oil sands and exploration on the East Coast and the Arctic. Oil companies would have to reconsider their exploration programs if such measures were implemented. He that interest in exploration on Canada's East Coast is levelling off after reaching a peak in the late 1960s because oil companies have failed to the geological this point we're less than optimistic and but we won't quit he told a news before ad- dressing the Travel Industrial Association of Canada. He said nothing has been found off the Nova Scotia coast after an expenditure of more than million and 51 exploratory wells drilled by Shell and other companies that would warrant development. gas to be power CALGARY Alberta's petrochemical industry could be drawing upon coal gasification plants by the mid-1980s to supplement its an Alberta energy researcher says. Dr. Norbert Berkowitz of the Alberta Research Council and Energy Resources Board said three provincial energy companies are studying the feasibility of strip mining coal on the plains for gasification plants. technology is already in our he said in an interview. first United States plants will be operating in 1977 and I expect the First Alberta plants by early He anticipated that by then using existing substitute natural gas will be produced at a million cubic feet. This price would be equivalent to Mackenzie Valley pipeline gas prices. Some petrochemical companies already are looking to eventual use of SNG and cost of conversion to the synthetic gas is negligible. Upon converting the whole as opposed to the old method of only to the end products are carbon monoxide and known as syn gas. This gas is the basic building block for a variety of operations in the petrochemical field. It can be used in the production of ammonia and the like. If a natural gas for fuel is the syn gas is converted to methane. The gasification plants would involve strip mining on a scale yet to be envisaged and means rejuvenation of many old coal mining districts like Drumheller and Lethbridge. But most of the mines would be in Central Alberta east of Red Deer. To match a Mackenzie Valley pipeline production of 1.2 trillion cubic feet a eight gasification each with a capacity of 250 billion cubic would be Dr. Berkowitz said. Each plant would need eight million tons of plains coal annually. The province's proven recoverable coal through strip mining now is estimated at 4.5 billion tons. Alberta consumed five million tons of coal last year and Dr. Berkowitz said by 1980 the province will be consuming 10 million tons including thermal power. By the year the province will be consuming SO million tons annually. The provincial government has indicated that all future thermal power generation will be fuelled by coal. Alberta plains potential is probably 100 billion if mined to a depth of and it is likely some coal reserves go as deep as he said. In Alberta mountains hold 40 billion tons of reserve. He said to meet future employment in the coal industry will rise sharply. A mine with a million tons annual production would have 400 people on the payroll and coal employees ranks are expected to swell to by 1982 from the employed now. Alberta coal will avoid many of the pollution pitfalls that malign the coal he said. The biggest advantage is that most of Alberta's coal is sulphur free and it is sulphur pollution that plague eastern areas of North America. As for the strip he said the public should not prejudge them based on past experiences. Face lay off West Germany The Volkswagen company will lay off of its auto workers for six days May 24-31 because of lagging Volkswagen announced today. Unsold Volkswagen vehicles at the end of last month totalled GM hikes U.S. car prices DETROIT General Motors announced yesterday it is raising United States prices of its 1974-model cars and trucks an average bringing to the average increased cost of a GM vehicle in this model year. In a spokesman for GM of Canada said the company is reviewing Canadian prices. A decision on any changes might not be reached until next week. the largest American auto-maker said the U.S. increase amounts to 1.9 per plus a per vehicle increase in destination costs. The company blamed cost pressures for the which takes effect with vehicles shipped Wednesday. GM said this will be its last general price increase on 1974 w FRONTS OF BEEF Aland A2 HIPS OF BEEF HIPS OF BEEF BABY BOM ind Rolltd Rudy lor Barium CitindWnppd Frozin Avg.ZOOIb.........................Ib. J69 J39 SIRLOIN STEAKS T-BONE STEAKS .93' BOLOGNA WIENERS .79' PORK CHOPS sr Ranchland Meats WESTMINSTER MALL PHONE 328-0637 EFFECTIVE MAY but warned of substantial increases for the 1975 which will be out in September. The Chevrolet GM's hot-selling received the largest increase Monday up on the base or 5.3 per cent to The Cadillac which will retail at received an increase of just 1.3 per cent. WITHIN LIMITS The auto-maker said its increases fall within the bounds of an agreement that Ford and American Motors made with the Cost-of- Living Council. and the council agreed. A CLC spokesman are pleased that they're showing Included in the GM increase is a jump in the base price of its plus for major options. Last Ford increased its base prices an average or 3.5 per and boosted option and destination prices another Excluding a increase for making options Ford has raised the price of its vehicles an average in the 1974 model year. Two weeks Chrysler boosted its average sticker price or 2.8 per and increased optional equipment American Motors has increased prices an average since September. In addition to GM's average increase this model it has made an electronic ignition standard on most large models at a cost of a vehicle. Brinco buys shares in Cypress MONTREAL Brinco Ltd. announced yesterday it has concluded an agreement to purchase shares of Cypress Resources Ltd. of Vancouver at a share. The proceeds will be used to explore zinc discoveries on 120 Cypress claims in the Bonnet Plume River area of the Brinco said in a news release. The involving a 6.7-per-cent shareholding in Cypress also grants Brinco an option on an additonal Cypress shares. Tee up at Eaton's for savings on these super golf Wilson George Archer stylist combination golf offer Wilson George Archer stylist golf clubs 11-piece set consists of 3 to 9 putter and 3 and 4 woods. Aeroflo carbon steel shafts with composition rubber grips. Irons feature iron heads with sand-blasted carbon steel faces. Woods feature walnut wood finish and face insert. Left- or right-hand. Sold separately. SET 119.00 Golf smooth parallel synchron folding. Strong riveted tubular aluminum construction. Adjustable die-cast handle in sheppard hook Cooper golf to hold 16 with removable expanded vinyl 3-way club dividers and bound cuff ring. Moulded plastic detach- able padded shoulder strap. With two zip ball accessory fu'l- length zip locker um- brella towel travel hood. Sold separately. Each 34.99 with rubber grip. Self-adjusting swivel bag brackets Sold separately. Each 34.99 bag and cart combined 184 Spalding Championship combination Spalding Championship piece set with 5 and 9 putter and 1 and 3 woods. Irons feature iron heads with sand-blasted carbon steel faces. Woods feature cycolar faces with bulls-eye inserts. All with tapered step-down style shafts in strong chromium-plated plus composi- tion rubber grips. Right- or left-hand. Golf nine clubs. Keystone model in black-and-tan with moulded rubber bottom. With 3-way club divid- full-length locker top ball outside patch pocket. Golf rlvetted tubular metal frame with spring non-parallel folding. Positive clip handle release. Adjustable padded brackets. golf polyurethane coat. Dozen 5.99 Ball extension pole with retrieving rake. Each 4.99 Scorecard holder attaches to golf bag. Holds balls. Each 1.69 Sporting Lower Floor bag and cart combined 74 EATON'S Shop Eaton's Thursday and Friday from to 9. Buy Line 328-8811. UM your Eaton Account. Credit forms Available. ;