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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 23, 1972, Lethbridge, Alberta Undeclared Canada-U.S. trade war under way? By HIVING C. WIIVNOT Ihe screws" in nn effort to force j If ihc posilion is still the same, CHINA Canadian Press Business Kililnr Ts there already an unde- clared trade war between Can- ada and the United Slates? The casual of the sit- uation might conelude from re- cent moves that tins could well be the case. Officially, govern- mcnL officials on both sides of the border say it isn't so. Gut some business men say the U.S. is already "applying Canada's hand in talks. These talks stalled for some time with no sign when they will restart. 1'aul Volekcr, the U.S. under- secretary of the treasury, re- pealed the strong U.S. stance at Hie International Monetary Con- ference in Montreal earlier this month: "The position had in Feb- ruary was that the Canadian proposals were not satisfactory, new trade I then there is no basis for re- Economic council loaded with work By JAMES NELSON OTTAWA (CP) Criticism ol the Economic Council of Canada by one of the government's tup financial advisers has all been put "in the past soys (he council's nev.- chairman, .Montreal economist Andre Rcy- nauld. The council's function Is to provide independent, publicly- announccd counselling on the economy over the longer term, five years in advance or more. Mr. Reynauld told (lie Com- mons finance committee last week that before taking on his new job, be discussed the coun- cil's work with both Prime Min- ister Trudeau and Simon Reis- man, deputy minister of fi- nance. It was Mr. Reisman that told a parliamentary committee last year the council had becoino repetitious in work and per- haps had outlived its usefulness. Mr. Reynauld told the com- mittee lie doesn't intend to have done in the past. In fact, (or the first lime, the council chairman has announced its work pro- gram tor several years ahead. One consequence of tlu's should he that the program won't he duplicated in other government agencies, federal or provincial. WILL IIEPOIIT IN7 FALL The council so far has barely scratched the surface of its study into instabilities in the construction industry. Its main report this fall will a survey of the economic outlook for the balance of the 1970s, with spe- cial attention to tax problems and regional disparities. Next j'ear. the main report will be on the country's trading posilion in the world and with the U.S. in particular. The last such thorough-going study was made in (lie late I'SSOE by the Gordon Commission on eco- nomic prospects.. The council also plans a study ol the sources and diffusion of technological program the council repeat work it has j vation over tlie longer-term fu- Ednioiiloii poslmasler dies at 65 EDMONTON services were lo be held Tues- day for Jack Maxwell Watson, 65, Edmonton's poslmasler for six years. Mr. Walson died Thursday. Cause of dealh was not announced. Mr. Walson, a native of Win- nipcg, ivas pnslmasler at Sas- kaloon for tlu-ee years and a! Calgary for one year. Malh contest winners named EDMONTON" College placed first among Al- berta schools in an iiitcmation- ture, with foreign investment and the role of the multinational f corporation In mind. It also is working on ways to measure social progress, the re- gional impact of federal and provincial growth and stabiliza- tion programs and regional and internalional movements of cap- ital. SUGGESTIONS PLANNED Under hi.s chairmanship, Jilr. Reynauld says. Ihe council will no longer simply outline the problems it sees arising in the fulure and suggests a course of action. Instead, it will suggest altcrnalive courses of action. And it will back up its studies with full data on the source of ils information and how it j rived at ils findings. There were questions in the committee about the possibility of Ihe council duplicating the research work of the Bank of Canada, the finance department have been suming the talks." What he appeared lo be say- ing was thai the U.S. wasn't budging from its demands and didn't intend to do so until il heard from Ottawa. Ant! one could read into hi.s remarks that if any concessioas are to be made, they will have to come from Ottawa. U.S. APPLYING FORCE Is the US. already applying its economic muscle to force these concessions? Some servers say if is, and point lo these rccenl U.S. moves to lend backing to this conclusion: investigation lo deter- mine whether Canadian alumi- num ingola are being dumped in Ihe U.S. Thai trade runs to about J21C million a year. of a countervail- ing duty in tires from plants ol Michelin Tires Manufacturing Co. of Canada Ltd. u m p i n g investigations against Canadian sulphur im- ports, valued at million a year, and against potato gran ules, valued at more than 51 million. special duty on Canadian ice cream sandwich wafers, rush by U.S. firms to take advantage of tlie domestic inter- national sales corporation scheme, which gives lax incen- tives lo manufacture at horns for export ralher than through foreign subsidiaries. that the U.S. prefers an all-Alaska route for an oil pipeline rather than one through Canada, and another on increases in oil imports from Canada wliich were lower than businessmen had eypected. The dumping investigation on aluminum, second largest Uie treasury has ever under- taken, came last week. U.S. DENIES PRESSURE U.S. officials were quick to deny there was ny concentration of pressure on Canada, idea of frying to zero in j i a particular country has never been considered. This is coincidental. It doesn't relate to other trade problems." If proof of below prevailing prices found, the U.K. could impose an additional duty. If so it could be cusliy to Canada since slup- mcnls of primary aluminum make il the fiflh most important Canadian cyporl lo the U.S. market. ft can't be ass u m c d. of course, that all those investiga- tions will result iji rulings against Canadian goods. Tho Street sales motion lost Tueiduy, Muy 33, 1972 THE lElHBKIDGE HERAID 23 Elks install Long worth EDMONTON (CP) Street sales of newspapers in the cily will not be reslricted by cily council. Alderman Terry Cavairjgh introduced a molion calling for a city bylaw lliat would allow papers to he sold from a stand located at the direction of the cily. "I am in complete agree-; menl lhat people who wish lo sell newspapers should be al- j lowed to do so, but citizens j should not be he I said. Alderman Ron Hayter said the motion would kill under- ground newspapers, such as the Georgia Slraighl. Alderman Ken Non-man ob-. jected lo the motion saying it would restrict the Ireed'om of certain religious groups to sell their publications. DLAtftMOIiE 9.00 Slprling Silv CHARMS.' Sferl Your Choice i Silver Reg. In S4.15 5.99 Nunn'j top. I Icdgr. Grndu Owl of knowl is. lamp of know- Grndualion Girl. RINGS: All in 10K Yellow Gold 3 lo B. Men'! 8 lo 11. Wompn'ir Svnlhct.c birllislonei rcri 7J.OB loin 14.99. HrmolPln ring reifl. 2-1.00 inlc 1 4.99 Cjl'uicd pnnrl wilh rca 74.00 Sain 14.99. Hnnrl rnrvod cnmcn ring tog. 19.CP Sdlo 11.99, Men'! inilinlled onyx rinfi rcn. ?.1 00 Snlo M.99. Iniliollrd hrmnnic run. W.9S Sole 14.99. Signul rmjj rrg 19.9P Snlo 14.99 Quality Costs No More At Simpsons-Sears S1ORE HOURS: Opon Daily 9 a.m. lo p.m. Thunrloy and Friday 9 n.m In 9 p.r Villnqrt. Tclcph onn 328-9231. ;