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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 23, 1972, Lethbridge, Alberta Tuesday, Mgy 53, 1972 THE LETHBP.IDGE HERALD 23 Undeclared Caiiada-U.S. trade war under By IltVIXC C. WI1YNOT Canadian Press Business Editor Is there already an unde- clared trade war between Can- ada and the United States? The casual observer of the sit- uation might conclude from re- cent moves thai this could well be the case. Officially, govern- ment officials on both sides of the border say it isn't so. But some business men say the U.S. is already "applying Ihe screws" in an effort to force j If the position is still the same, o basis for re- Canada's hand in new talks. These talks have been stalled for some time with no sign when they will restart. Paul Volckcr, Ihe U.S. under- secretary of Ihe treasury, re- pealed lire strong U.S. stance at Ihe International Monetary Con- ference in Montreal earlier this o trade then there is no basis for re- "The position we had in Feb- ruary was that the Canadian proposals were not satisfactory, Economic council loaded with work Bv JAMES NELSON i done in the past. In fact, for the OTTAWA (CP) Criticism of first time, the council chairman announced its work the Economic Council of Canada by one of Ihe government's top financial advisers has all been put "in the past says the council's nee chairman, Montreal economist Andre Rcy- nauld. The council's function Is to provide independent, publicly- announced counselling on the economy over the longer term, five years in advance or more, Mr. Reynauld lold the Com- mons finance committee last week that before taking on his new job, he 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 thai told a parliamentary committee last year the council had become repetitious in its work and per- haps had outlived its usefulness. Mr. Reynauld told the com- mittee he doesn't intend to have technological program mu the council repeat work il has j valion over the longer-term fu- ----------------------------------------utre, with foreign investment and the role of the multinaliona j corporation in mind. It also is working on ways lo measure social progress. Ihe re- gional impacl of federal and i provincial growth and slabiliza has announced its worn pro- gram for several years ahead. One consequence of this should be that the program won't be duplicated in other government agencies, federal or provincial. WILL REPORT TN 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 Ire a survey of the economic outlook for Ihe balance of Ihe 1070s, with spe- cial attention to tax problems and regional disparities. Next year, the main report will be on the country's trading position in the world and with the U.S. in particular. The last such thorough-going study was made in the late 1950s by the Gordon Commission on eco- nomic prospects. The council also plans a study of the sources and diffusion of technological program suming the talks." What he appeared to be say- ing was that the U.S. wasn't budging from its demands and didn't intend to do so until il heard from Ottawa. Anc! one could read into his remarks that if any concessioas are to be made, they will have to come from Ottawa. U.S. APPLYING FORCE Is the U.S. already applying its economic muscle lo force these concessions? Some ob- servers say il is, and point to these recent U.S. moves to lend backing to this conclusion: investigalion lo deter- mine whether Canadian alumi- num ingots are being dumped in the U.S. That trade runs lo aboul 521G million a year. of a countervail- ig duly in lires from planls of lichelin Tires Manufacturing o. of Canada Ltd. u m p i n g investigations gainst Canadian sulphur im- orls, valued at 511 million a ear, and againsl polalo gran les, valued at more than SI million. special duty on Canadian ce cream sandwich wafers. rush by U.S. firms to take dvantage of the domestic inter- lational sales corporation cheme, which gives tax incen- ivcs to manufacture at home or export rather than Ihrough oreign subsidiaries. Ihat the U.S ircfers an all-Alaska route for Edmonton postmaster dies at 6." EDMONTON services were to be held Tues- day for Jack Maxwell Watson, 65 Edmonton's postmaster for six years. Mr. Watson died Thursday. Cause of death was not announced. Mr. Watson, a native of Win- nipeg, was postmaster at Sas- katoon for three years and at Calgary for one year. Math contest winners named EDMONTON College placed first among Al- berta schools in an internation- al mathematics competition for Grade 12 students, college president Dr. Sherburne Mc- Curdy said here. Other Alberta schools plac- ing in the competition include: Sir Winston Churchill High School, Calgary, second place for Alberta: Henry Wise Wood, also of Calgary, third: and Harry Ainlay Composite High, Edmonton, fourth. The compel ition, held in March, was sponsored by a lion programs and regional anc inlernalional movements of cap- ital. SUGGESTIONS PLANNED Under his chairmanship, Mr Reynauld says, the council wil no longer simply outline lh( problems il sees arising in lire future and suggesls a course o action. Instead, it will sugges alternative courses of action. And it will back up its studie with full data on the source o its information and how it ar i rived at its findings. There were questions in Ih committee about the possibilit of the council duplicating tli research work of the Bank o Canada, Uie finance departmen and other departments of eminent which deal with eco- nomic planning. Mr. Reynauld said, however, that the economic council is unique in thai all of its studies result in published reports, freely available to everyone in the government and outside it. Street sales Elks install LoilgWOl'lll motion lost EDMONTON (CP) Street sales of newspapers in the city will not be council. Alderman restricted by city Terry Cavanvgh BIAIRMORE (CXI' Bureau i, Archie Ilobson; secretary, Am- _ Alf LonRWOrth has been c 1 i o Giacomuzzi: treasurer, instated cxalled ruler of the Harold MacPhail: chap am, Btoirmore Elks "--re- Frank Vyso: lyler. lony kern- monies held in the ball. tntroduced a motion calling for a city bylaw liiat would allow papers lo be sold from a stand located at the direction of the city. "I am in complete agree- ment thai people who wish lo sell newspapers should lie al- j lowed to do so, but citizens' should not be he said. Alderman Ron Hayter said the motion would kill under- ground newspapers, such as Ihe Georgia Straight. Alderman Ken Newman ob- jected lo the motion saying it would restrict the freedom of certain religious groups lo sell their publications. berg; outer guard, Joe Poch by district and trustees. Ernie Fantm, donulv erand exalted rulor; Alex Wells and Mickey r-inn. Marx'Grvschuk. assisted by Secretary Mel J presented the past-exalted ruler with his purple lassie, exalted District deputy Gryschuk leading j paid his official visit to tho 1 ny a 1! Wail-more lodge and commend- ed Ihe former officers for ;i successful term of office. Fcrnic. B.C., palrol team and officers. Also installed: past ruler. Clarke Bradley: knight. Vern Dccnux: knight, Bill Kumlcrt: lecturing knight, Lloyd Filimek; esquire Oanbrook area man drowns CRANBROOK (CPi-Stanley Beard, 42, of Hie Cranbrnok- Cresto'n area drowned in a HAUL WAS DANGEROUS BRISBANE (Ileuter) Po- lice warned thieves who broke into the Queensland mines de- partment early Thursday that they may be contaminated by nuclear radiation and might need urgent medical treatment. boating accident during the ne weekend on Jimsmith Lake I A showcase of precious stones near here Two other persons< worth S10.000 which was stolen aboard the boat made their I has passtd through a radioac- wav to shore i live laboratory in the building. m oil pipeline rather than on hrough Canada, and another on increases in oil imports from Canada which were lower than nisinessmcn had eypected. The dumping investigalion on aluminum, second largest cas the treasury has ever under aken, came last week. U.S. DENIES I'JRESSURE U.S. officials were quick t deny there was ny concentratio: of pressure on Canada. "The idea of trying to zero in on a particular country has never been considered. This is coincidental. It. doesn't relate lo oilier Irade problems." If proof of below prevailing p r i c e s s found, the U.S. could impose an additional duty. If so il could be costly lo Canada since ship- ments of primary aluminum make il the fifth most important Canadian cyport to Ihe U.S. market. It can't be ass u m e d. o! course, that all these investiga- tions will result in rulings againsl Canadian goods. Tho U.S. earlier this year halted a hearing against commuter trains when it found there was no attempt to sell them at less than fair market value. At stake were orders totalling about ?8.4 million. THE ENEMY OFFENSIVE Map shows chronological sequence of major events in current North Vietnamese offensive (1) North Vietnamese launch artillery attacks on South Vietnamese bases south of the DMZ March 30, (2) South Vietnamese begin abandoning bases on March 31- (3) Enemy begins siege of An Loc on April 7; (4) U.S. doubles naval force off Southeast Asia; (5) B52 strike Hanoi and Haiphong on April 15; (6) South Viet- namese lose central highlands fire base on April 15; (7) South Vietnamese abandon Quang Tri, flee south to Hue on May 1; (8) Enemy controls part of Binh Dinh Province on May 1; (9) President Nixon orders mining of North Vietnamese ports on May 8. Shaded area locates portions of South Vietnamese now controlled by the North Viet- namese. Strong countries help weak Complicating the trade pic- ture are one due Jin the U.S. this year and ey- pected in Canada. Against this backdrop, the conclusion of most observers is that both sides would prefer lo let Ihe situation cool off. Jut, meanwhile, there is "a sort of nagging concern among um. ,...-.j number of academic and! report by these agencies made scientific groups throughout I public. North America. j Moreover, the council's mam Most of the work done by bank and government depart- Canadian businessmen about mcnts is for the confidential ad- what mighl happen later.' vice of government ministers, and only rarely is an outlook SANTIAGO. Chile (AP) The United Nations Conference on trade and development unan- mously approved sweeping rec- ommendations here to aid the world's leasl developed coun- rics. II was Ihe mosl signifi- cant action taken by the group since its 140 members began their latest round of talks April 13. The conference has no binding power lo enforce its resolutions. But developing countries have pointed out thai such documents in the past have acted moral force in getting more assistance. lengthy resolution as a them The recom- adopted today included mendations that: countries con- tinue to assist least-developed countries in diversifying their economies. consideration be third conference has been slow because of stiff positions by the j developed countries in the face of demands for special treat- ment by the poorer countries. The case of the least-devel- oped countries, however, welded both sides despite complaints from some quarters that the final resolution was a water- downed version of the original submitted by UNCTAD's poor members. The least-developed countries are those UNCTAD members whose per capita annual income is or less; whose literacy rates are 20 per cent or below; and whose manufacturing j counls for less than 10 per cent of what Ihe country produces. _ I The countries arc: Afghani- j stan, Botswana. Burundi, Bbu-! tan, Chad, Dahomey, Ethiopia, Guinea, Haiti, Lesotho, Laos, Malawi, Maldives, Nepal, Niger, Rwanda, Sikkim, So- Recover body FAIRV1EW body of Morley Allen Grant, 21. of Grande Prairie, was recovered here from the Peace KRiver. Earlier. Sir. Grant had been its armed torces tins year, us me immeuime muni;