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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 31, 1972, Lethbridge, Alberta Wednoldtjy, Mny 31, 1977 THE HERALD 27 GARBAGE VIGILANTES A group cl Vancouver arco vigilanle commiliee lo clean up ihc park. They filled young people, ongercd at (he garbage lillering Stanley 100 trash bags with liltcr during a one-day campaign. Park during the strike of civic workers, formed a Financial fiascos of corporate giants overiinient do better? TJy FAUN JACKSON Herald Oltawa Bureau OTTAWA Tlic public lias been stunned in the past year or so hy financial fiascos involving such corporate giants as Pcnn Central. Investors Overseas Services and even Rolls-Royce. It comes as a vigorous shock to find out about the shoddy and lackadaisical fashion these com- panies conducted Iheir affairs. Rolls Royce was ohviously a straight case of incompetence helped along hy inflation. Penn Central o[ a woeful lack of safe- guards and a classic situation of l.he right, hand not knowing what the left hand svas doing. Bemie Cornfeld's IDS was, well, we all suspect what it was. Situations such as the three above always put a gleam into the eye of socialists who sec here evidence of the growing mess tliat capitalism is sup- posed to he in. Tlie government, we're told, could handle things much better. Or could it? In Ottawa an amazing situa- tion has developed in which mil- lions on millions of dollars every month is being handed out to a variety ot companies with what appears to be wild abandon. A few rioll.ij's in wel- fare payments could never be had this way. Regional Economic Expansion Minister Jean Marchaud's de- partment is in the business basi- cally of crcatings jobs for Cana- dians who live in slow growth areas. Grants of a few thousand dollars ranging up to handouts or single packages of millions of dollars are given to companies to expand or build new plants in depressed areas. The program has had its crit- ics all along. More recently though, the critics have been hitting home with increasing fc- cocily. A handfuj of MPs in Iho Commons didn't like the way Mr. Marchand has been allocat- ing the money. Four ot the most bitter enemies have been John Bui-ton (NDP Hegina Alf Cleave (NDP Saskatoon Big- Ed Broadhcnt (NDP Osh- awa V.'hithy) and James Mc- Grath (PC St. John's The foursome have caused some massive headaches for Mr. Marchand. If any MPs in the Commons really deserve their paychcques, these three do. They attack relentlessly week- after week with well researched questions. More ammunition caine out last week. Dr. David Springalc, who recently received his PhD from Harvard Business School, revealed that he had completed a research project showing many companies simply used grants from the minister's de- partment as unexpected wind- falls. Suddenly, out of (he blue came a multi-million dollar bon- anza that put a rosy glow on tha'. year's profit picture. Dr. Springalc said his investi- gation showed thai 11 out of a total of 10 companies he checked into used their share ol some million as a windfall. The loss to the to those people expectings jobs to bo created by the ?24 million. The 11 companies made no attempt to expand tlieir facilities and create new jobs. While tlus situation must have surprised a lot of people, il cer- tainly wouldn't have surprised the MPs who have been tackling Mr. Marchand all along. It sim- ply backs up earlier criticism. For instance, some of the business executives who have sal on an hoard to help decide who should receive in- dustrial incentive grants have seen their own companies get such, granls. Mr. Marchand has denied any chance of conflict of interest. Tn another case, a top official with Mr. Marchand's depart- ment has since quit and become an executive officer with a com- pany that has been offered sev- eral grants involving around million. Mr. Marchand has de- nied any chance of a conflict ol inleresl. In many other cases, MPs have charged that companies which have received large grants show up with whole tables of representatives at plush and expensive Liberal tes- timonial dinners or are substan- tial contributors and supporters of the liberal party, Mr. Mar- chand, who has held lofty cam- paign positions for the party in Quebec where the lions sliaro of the funds go, has denied any possible chance ot misdoings. There has also been indisputa- ble evidence that some compa- nies which have been given grants simply close up plants in one location and open new ones in others. True, some people who didn't have jobs before have them now, but others who had jobs now collect unemploy- ment insurance. Not the object of the exercise at all. All these incidents must, make a person stop and think. There's an awful lot of the taxpayer's money being liberally splashed around these days. Some ques- tions need answers. Questions, such as whether the money is going to the right people, for the right reasons and with the right results. There's some doubt that it is. MMER JAMBOREE AT NATIONAL DEPARTMENT STORES UNBELIEVABLE VALUE IN MEN'S FLARE JEANS AND SLACKS Choose from cords, denims and porma press materials. Reg. to 572.00 INFLATABLE CANOE Super snfe 550 capnrily fi Muljiple c'irjmbrr AH af0unrl I'fc line MCIEJP of 20 gougr vinyl, up) by sa't wfi'C-, sun or cMorine. Rrg. 41.95. NOW 100% tollon. Size 33x42. Reg pr. MEN'S SUMMER CORD JACKETS Knit cuffs nnd coll Wilur to 6 .95 TOLDING CAMP Sturdy olumiiiuni fromf. Rcy. 4 m SWIM SUITS All Colors. 1 and 2-piece Bikini styles. Sizes 12-20 LADIES' TEENS' GIRLS' Af It, SWIM SUITS 1 nnd 2-PIECC STYLES SIZES B-11 WIGS LALNtj Clearing ai only .99 IADIES'-TEENS' SHIRT DRESSES Short sleeves. Ideal For cool summon wear............... LADIES' DRESSES Special Manufacturer's Clearance. Many slyles to choose from.......... 2 .99 LADIES' TEENS' FANCY HATS Sun, rnin and flop styles. CEDAR POTS JUST IN TIME TOR SPRING PLANTING Sims 7" to 24" dmmoror. M n I n I bound. Greatly Reduced Prices DUFFLE BAGS Designed for Canada's! outdoors. Heavy can-1 vns, reinforced nil I points of tlrcss. WalcrJ repellent. Siie 36xin 3.44 CHARGEX at NATIONAL DEPT. STORE CORNER 3rd AVENUE AND 5lh STREET SOUTH WE RESERVE THE RIGHT IO UMIT OUANTITIES i Man. ll.iougli 9 6 uppori your local INDEPENDENT GROCER Hi a K'S 642 13th Street North, Lethbridge Phone 328-5742 GET PERSONALIZED SERVICE FREE DELIVERY TOO! FOOD COSTS ARE LOWER AT MAYFAIR FOODS COFFEI Nabob All Purpose hag Grape Cryslals While Granulated PEACHES Yoilt Fancy Sliced or Halves 3'4-oz. U for 10-lb. bug for Tomatoes York :hoicc 3 for 1.00 Macaroni Creame ttG Reody Cul 21b 45c Charcoal Briquettes 89c Surf Detergent Kim, 1.00 Perfex Bleach 79c Beans with Pork 28.01 3 for 98c chi" tu01- BISCUITS Home Digestive 16-oz.pkg C_.._ lyans Chicken Noodls i soup I.UU lyans Chicken Noodls Mustard for45c Ketchup Heini.Tomato .2 ,or89c Whole Dills Heini 59c Cake Mix Robin ,9.D, 3 PJ.OO Flour bag i.29 Marshmallows pkB.85c Mayfair Foods Dairy and Frozen Products Cheese Whiz Krqfl Itot 98c Margarine 79c Top Vciiu Frozen Orange Juice 2 89c Carnalion Steak French Fries.....2.ib. 2 fBr 89c Dinners California New Canada No. 1 10-lb. bag POTATOES FRY 1QC g g California. Canada No. 1....................Ib. g Radish or Green Onions 2bunchj25c Strawberries 39c Cantaloupe 3 for 98c Invite You To Try Our Meats The Best In Town" Mayfair Foods Meats Canada Choice Canada Good "We Will Cut Our Meats lo Suit Your Requirements" Canada Choice Canada Good 49 OR CLUB STEAKS I Ib. BEEF, PORK OR VEAL Steakeftes Slab Bacon Frying Chickens Ready lo 5crvr. Whole 01 ..............Ih. By the Piece..........................................Ib. lilydolc frosli STORE HOURS: Woil., Snl, n.m. lill p.m. Inuisrlny nnd FricJny p m. MIHALIK' 642 13th St. N., Lethbridge Phone 328-5742 FREE CITY DELIVERY! Prices Effpclivi? June 1, 2, 3 We Rosfirvn Thfi Right To Limii Ouriiilitin ON LARGE ORDERS ;