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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 30, 1973, Lethbridge, Alberta May 30, 1973 THE LETHBKIDOI HMALD New national oceans policy proposal Canada wants full part in off-shore resources projects By JEFF CARRUTHERS Herald Ottawa Bureau OTTAWA Canada is no longer prepared "to just rent out" her undersea resources. Federal Science Minister Jeanne Sauve said during a re- cent interview concerning a proposed new national oceans policy for Canada. "We want full participation or at least as full a participa turn as by our in- dustries in future off-shore re- source development, she added. Such a call for a markedly- increased Canadian industrial effort in marine technology is the "main thrust" of proposals on a national oceans policy scheduled for consideration by the federal cabinet early next month, according to official sources in government. The "driving force" behind the ocean policy proposals i s Grain futures trading limits to be hiked WINNIPEG (CP) The board of governors of the Win nipeg Commodity Exchange an- nounced Monday that the trad- ing limits on all rapeseed and flax futures will be increased to 20 cents a bushel from 10 cents, effective Tuesday. A spokesman for the board said the decision was taken be- cause of the heavy demand in international and U.S. oilseeds markets and will enable the Winnipet futures market to function competitively. The 20-cent trading limit means that daily prices may fluctuate as much as 20 cents a bushel above or below the pre- vious day's closing prices. The Winnipeg exchange deals in flax, Vancouver rapeseed and Thunder Bay rapeseed fu- tures, and other commodities. The spokesman said similar demand conditions have results in the raising of the trading limit for soybean futures on the Chicago market to 40 cents from 20 cents a bushel, also ef- fective Tuesday. The Chicago Board of Trade previously raised its limits Feb. 20 and May 7. the promise of valuable oil dis- coveries off the Atlantic Coast and of similar petroleum dis- coveries under the ice in the far North. The consequence of such a policy, described by one expert as a policy of developing a "do it ourselves" marine technology capability for all aspects of our off-shore territory and re- sources, promise to be even greater than the oil and gas that might be found in the con- tinental shelf sediments. It's an opportunity Canada can't afford to miss, the policy paper ar- gues. For the Atlantic region alone, it would mean significantly greater Canadian industrial participation in resource devel- the geophysical companies to oil drilling com- panies to ship-builders to sup- port industries. This in turn, the policy paper argues, will mean, in the words of one Ottawa expert, "employ- ment instead of dollars (from royalties) to pay for the unem- ployed." It will mean "more mean- ingful" employment as and a stronger industrial base for the maritime provinces. And with more and more na- NARROW SHELF The Pacific continental shelf has a maximum width of 50 miles. New island for North Sea OTTAWA (CP) A new island is scheduled for the North Sea this weekend, pro- tected by a Canadian design. The "island" is a 295-foot-high concrete tank for storing oil and gas in the North Sea petroleum field and it is to be towed Fri- day from its construction site at Stavanger, Norway, to about 200 miles southwest in the Nor- wegian sector of the production area. It cost million and the Na- tional Research Council will col- lect royalties on the big per- forated breakwater intended to withstand the turbulent NorUi Sea waters. The breakwater principle was designed by Dr. G. L. E. Jar- Ian, research physicist formerly with the federal research agency and now in private con- sulting work. The royalties amount to one per cent of the cost of the breakwater portion of the stor- age structure but NRG officials here don't know what that will amount to. Now Is the time for FUR E P A C I L STORAGE A N REMODELING N LETHBRIDGE FURRIERS L 514-3rd Avenue South Phone 327-2209 STOPPERS STOPPERS NOW ON! Pull out the stoppers! Cash in on traffic-stopping bargains from an inventory of millions of dollars! tions turning to the oceans in the search for iood and non-re- newable resources, such as gas and oil, the strengthened Cana- dian marine industry should have increased opportunities to export products, services and technology abroad, in addition to the resources developed in Canada's extensive undersea territories. Or so the policy pa- per argues, according to gov- ernment jources. But while the prospects of benefitting from an oil dis- covery on the east coast or in the far North might produce the quickest and the largest return from an investment in oceans technology, the policy paper deals with a number of other major needs and reasons for drastically stepped-up Canadian involvement in marine tech- nology. There are the growing num- ber of international com- mitments Canada is taking on. As Canada extends her territo- rial jurisdiction in the North, for pollution reasons, and on both coasts, for fishing and re- source development reasons, this places an increasing re- sponsibility on the country to, in the words of the policy docu- ment, "understand, protect, manage and control" her under- sea territories and jurisdiction. With Ottawa's trend towards defining Canada's boundaries as the limits of the continental shelf, it is estimated that Can- ada's undersea holdings will be more than 40 per cent of her present above-water territory. The policy paper argues that Canada needs a greater marine capability, both in terms of technology and actual hard- ware, whether they be ships, drilling platforms or naviga- tional aids, to supervise this area, let alone explore and de- velop it. And this capability must be recognized in the eyes of other marine nations if Can- ada is to be able to maintain jurisdiction over such territory. National security and environ- mental considerations place similar responsibilities on Can- ada for up-grading her marine capability. The policy paper calls for in- creased participation by Can- ada in international research ef- forts such as the Global Atmos- p h e r i c Research Project, GARP, to learn more about the oceans, and for increased do- mestic oceanographic scientific activities, again to obtain more information about the oceans that would be required by any increased industrial effort in marine technology. Most of the increased oceans research would be done outside of the federal government, by universities and industry, under Ottawa's contracting out policy, sources say. The policy paper, produced by the science ministry and a number of other concerned fed- eral agencies working through a n interdepartmental task force, calls for a policy whereby Canada would even- tually develop its own capabil- lity to produce all major tech- j nology and hardware related to I the country's marine whether that be special sonar and trawling equipment for fishing fleets, special ice- strengthened hulls for icebrea- kers and cargo ships in the north, special pollution clean-up gear like the "Slickllcker" for mopping up west coast oil spills, or new seabed drilling platforms for operating under the Arctic ice or under the bot- toms of east coast icebergs. STILL SELLING FOR LESS! STERN'S CUT-RATE FURNITURE 314 3rd Street S. Phone 327-3024 jiJU STIVAL betty s AM AVAILABLE AT ALL STORES m 4th Ave- s- College Mall Centre Village Mall COATS r to 179.98 (Downtown) PANT COATS Regular to JACKETS DRESSES PANTS Regular JEANS Regular BLOUSES TOPS SWIMSUITS Begular to PANTY HOSE SALE SALE AND SALE TO SALE 2 FOR USE YOUR FASHION CREDIT ACCOUNT Miss Kothie Leaky will make the draws for the 3 lucky winners of (Sift Certificates during the Grand Opening of our Downtown 4th Avenue Store on Sat., June 2nd of p.m. Watch for announcement of winners. ;