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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 1, 1973, Lethbridge, Alberta Coal industry gets warning Tim By MARVIN ZIVITZ EDMONTON A sen- ior Japanese Steel official gave a firm warning Wednes- day that development of the Canadian coal industry must proceed to the benefit of both Canada and her trading partners. In what observers termed a strongly-worded Saburp senior manag- ing director of Nippon Steel said. a world increasingly plagued by the resource there is a deplorable trend in certain sectors to interpret the problem as es- sentially one of conflict and dialectical opposition between the suppliers and the con- sumers. these countries to sup- pose that this kind of attitude will lead eventually to the maximization of their own profits is a very grave mis- In remarks prepared for a panel discussion during a con- ference on northern develop- Mr. Tanabe said there must be mutual and com- plementary co-operation be- tween suppliers and con- sumers. LEANS _QN IMPORTS Canadian coal accounts for 18 per cent of the total im- ported by Japan and is in- dispensable pillar upon which the Japanese steel industry must lean for its As an example of co-oper- Mr. Tanabe pointed to Japanese investment in Cana- dian coal developments. the case of capital parti- we on the Japanese side are always prepared to act positively on any request from the Canadian side for our co-operation in launching new development so long as all reasonable risks are equally shared and the princi- ple of mutual co-operation is respected and But while willing to partici- pate such Japanese buyers are com- mitted to the fulfilment of the terms of contracts. He was referring to moves by Cana- dian companies in recent years to raise prices after contracts were signed. The Canadian coal troubled by heavy financial needs stable develop- ment plans. to the initiation of any an adequate and reliable survey of mining conditions and the quality of the coal should be scrupulous- ly Canada's balance of trade slips By NEIL G1LBRIDE OTTAWA Canada's favorable balance of trade with the rest of the while still running strongly ahead of last slipped in the third quarter of 1973 to less than one-third its second- quarter Statistics Canada reported Wednesdav._ Total exports the first nine months of this year were billion and imports totalled billion for a trade sur- plus of compared with a surplus in the corresponding period of 1972. Rapeseed plant cost increased SEXSMITH The in- stallation of new equipment will increase the cost of a proposed rapeseed crushing plant here to more than million from Terry president of Northern Alberta Rapeseed Processors said here. Mr. Nugent said in an inter- view that the purchased in will result in the production of a more purified form of rapeseed protein than is available in Canada at the pre- sent time. Construction is expected to begin next with com- pletion tentatively set for 1974. Northern Alberta Rapeseed which will build the is a co-operative formed by rapeseed producers in the Peace River region. But a decline of million in revised Canada's third-quarter merchandise trade surplus of million stood at about a third of the level of million in the second and compared with million in the first Statistics Canada said. Canada's surplus with the this country's chief trad- ing totalled million so far this down million from the same point in 1972. PURCHASES UP This was because Canadian purchases in the totall- ing billion this increased million more than U S. purchases of billion in this country. Among other important trading Canada's surplus with the United Kingdom rose to million the first nine months of this year from million in the corresponding period of a 1972 deficit of million with other Commonwealth and preferred countries shrank to a a deficit with Japan the first nine months of last year turned around dramatically to a surplus this and the 1972 deficit of million with the European Economic Com- munity turned into a small surplus of the re- port said. Canada is running a million trade deficit with Latin America so far this up sharply from a million deficit for the first three quarters of last year. CAREER ACCOUNTANT diversified Lethbridge organization requires the services of an accountant who will report to the Controller. The job will entail all monthly accounting functions up to and including financial statement review and an- as well as assistance in the preparation of year end financial statements and participation in the- long range planning and budgeting processes. The successful candidate will have some formal ac- counting training related experience. will be familiar with EDP systems and their operation and will be a self motivated individual who is willing to accept responsibility and function with a mini- mum of supervision. Salary open with a full range of company benefits. Our staff is aware of this opening. Reply to Box Lethbridge Herald CREDIT CAREER Are you an aggressive Individual with experience In WE OFFKE-CREMTMWMERS Who can maintain a strict control on credit. should have ex- perience In credit collections. Relocation In various communities throughout Western Canada. Career good commensurate with chance for full range of fringe For further Information and a personal interview reply without delay Ma. S. LaUtthrkfaM Memld Slow-learners program centre at EDMONTON A research program designed to show that improved co- ordination will improve the learning rate of slow learners will be located at the Univer- sity of Alberta with an government Alberta Health and Social Develop- ment Minister Neii Crawford announced Wednesday. The centre eventually will take 90 pre-scbool children have motor disabilities children who have been slow developing skills such as jumping and run- ning. hope to be able to provide information to teachers and others involved in supervising these that will better assist them to serve young children who have various kinds of han- said Dr. M. L. Van dean of the university's faculty of education. He and Dr. Pat Austin designed the three-year pilot project after it had been noted that students who are ex- tremely slow learners also have poor physical co- ordination. Dr. director of the says the major ob- jective is to design and experi- ment with the kinds of play equipment and activities which will help the children's development. He said it differs from other programs in that it is not a therapy program and added that he hopes the results will be of benefit to all pre-school children. FASTEST RAPIDS The fastest rapids which have been navigated are the Lava Falls on the Colorado River. These attain speeds of up to 30 m.p.h. Cox unpacks material Former Watergate special Archibald Cox empties his briefcase before he testifies to the Senate judiciary committee Wednesday in Washington. 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