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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 31, 1972, Lethbridge, Alberta Wedneldoy, May 31, 197? THS HERALD 27 your loco! INDEPENDENT GROCER K'S 642 13th Street North, Lethbridge Phone 328-5742 GET PERSONALIZED SERVICE FREE DELIVERY TOO! FOOD COSTS ARE LOWER AT MAYFAIR FOODS GARBAGE VIGILANTES A group c( Vancouver area young people, angered at the garbage littering Sranley viailanle committee to 100 trash bags with litter during a the strike of rk formed a garbage Fintmcinl fiascos of corporate giants rovernment do better? Tomatoes 3 for 1.00 Charcoal Briquettes 89c Creamette Ready Cut 4 SUff Bfitfiraent Kim, lire Macaroni ..................Mb. Dy TAUI, JACKSON Herald Ottawa Bureau OTTAWA The public has been stunned in the past year or so by financial fiascos involving such corporate giants as Penn 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 their affairs. Rolls Royce was obviously a straight case of incompetence helped along by inflation, Penn Central of a woeful lack of safe- guards and a classic situation of the right hand not knowing what the left hand was doing. Bemie Cornfeld's IOS was, well, we all suspect what it was. Situations such as the three above always put a gleam into the eye of socialists who see here evidence of the growing ruess that capitalism is sup- posed to be in. The 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 what appears to be wild abandon. A few dollars in wel- fare payments could never be had this way. Regional Economic Expansion Minister Jean Marchand'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 of 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 fe- rocity. A handful of MPs in the Commons didn't like the way Mr. Marchand has been allocat- ing the money. Four of the most bitter enemies have been John Burton (NDP Hegina AH Cleave (NDP Saskatoon Big- Ed Broadbent (NDP Osh- awa V.'hitby) and James Me- 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 came ou last week. Dr. David Springate who recently received his PhD from Harvard Business School revealed that he had complete: a research project showing many companies simply uset grants Irom the minister's de- partment as unexpected wind- alls. Suddenly, out of the blue came a multi-million dollar bon- anza that put a rosy glow on ha': year's profit picture. Dr. Springate said his investi- gation showed that 11 out of a ,otal of 18 companies he checked into used their share of some million as a windfall. The loss to the to those people expectings jobs to be created by the million. The H companies made no attempt to expand their facilities and create new jobs. While this situation must have surprised a lot of people, it 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 sat on an advisory' board to help decide who should receive in- dustrial incentive grants have seen their own companies get such, grants. Mr. Marchand has denied any chance of conflict of interest. In another case, a top officia with Mr. Marchand's depart- ment has since quit and become an executive officer with a com- pany that has been offered sev- ral grants involving around million. Mr. Marchand has de- lied any chance of a conflict of nterest. In many other cases, MPs lave charged that companies vhich have received large grants show up with whole ables of representatives at ilush and expensive Liberal tes- imonial dinners or are substan- ial 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 share 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. JAMBOREE AT NATIONAL DEPARTMENT STORES UNBELIEVABLE VALUE IN MEN'S FLARE JEANS AND SLACKS Choose from cords, denims and perma presj materials. Reg. to INFLATABLE city amber Super snfc 550 Ib. ca MulJiple err c All around I'fc Mciiie of 20 gaug? vinyl, offoctpc) by sa't wn'er, sun cMorinc. Reg. 41.95. NOW cotton. Size 33x42. Reg. pr. MEN'S SUMMER CORD JACKETS Smartly styled. Knit cuffs and collar. Value to 6 .95 FOLDING CAMP Sturdy aluminum Reg. 4 LADIES' TEENS' SWIM SUITS All Colors. 1 and 2-piece Bikini styles. Sizes 12-20............... GIRLS' iWIM SUITS 1 and 2-PIECC STYLES WIGS LADIES' Clearing at only .99 LADIES'-TEENS' SHIRT DRESSES Short sleeves. Ideal for cool summer wear............... LADIES' DRESSES Special Manufacturer's Clearance. Many stylos to choose from........... LADIES' TEENS' FANCY HATS Sun, rain and flop stylos.......................... .99 CEDAR POTS JUST IN TIME rOR SPRING PLANTING Sizes 7" lo IV dramefer. Metal bound. at Greatly Reduced Prices DUFFLE BAGS Designed for Canada's! outdoors. Heavy can-f vas, reinforced at nil! points of stress. Water repellent. Siia 36x10 344 CHARGEX at NATIONAL DEPT. STORE CORNER 3rd AVENUE AND 5th STREET SOUTH WE RESERVE THE RIGHT TO UMIt QUANTITIES Open Mon. fl.ioua.li SIM., lo 6 p.m. iGrCjGnT King the...... Perfex 79c RflrinC Uflfll Pnrlv' Q8f Peek Ficon Short Cake. Choc. Chip, rQ ueans WITH rcrK 28.01 ,or ?oc Homa Assl Digestive 16.01 pkg 59c Lyons Chicken Noodle I AA Mustard for Ketchup 2 for89c Whole Dills Heini 59c Cake Allix Robin Hood 3 PJ.OO Flour 1.29 Marshmaliows Pk8.85c Mayfair Foods Dairy and Frozen Products Cheese Whiz Kraft OI 98c 79c Margarine sib. Top Vciiu Frozen Orange Juice 2 89c Carnation Sfealc French Fries.....Mb. 2 for 89c Dinners 2 1.00 California New White Canada No. I California. Canada NQ. 1 10-lb. bag ......Ib. POTATOES CELERY Radish or Green Onions 2 bunchJ5c fi California Driscoll nnn fnHtnlnunn California 0 Strawberries Pint Basket......... 39c Cantaloupe Jumbo o "We Invite You To Try Our Meats The Best In Town" Mayfair Foods Meats Canada Choice Canada Good ''We Will Cut Our Meats to Suit Your Requirements" Canada Choice Canada Good j.49 OR CLUB STEAKS Ib. BEEF, PORK OR VEAL feakeftes Ready to Servr. Wholp. 11 or ...............111. Slab Bacon Frying Chickens By the Piece...........................................lb- lilyclalc fresh STORE HOURS: Mon., TIICV, Wod., Snt, n.m. till p.m. ThursHny nnd Friday to p.m. MIHALIK' 642 13th St. N., Lethbridge Phone 328-5742 FREE CITY DELIVERY! ON LARGE ORDERS Prices Effective June 1, 2, 3 ;