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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 5, 1971, Lethbridge, Alberta 28 THE inllBSIDGE HERALD Friday, November 5, 197) Go easy 011 tax Senate committee hill, the commmilUv milled for i incut for its proposed lax rcduc- sufii'iiing of iwoposi'd new taxes j lions mul (jroalcr tax cxcnip- on international iiu'oine. linns on personal income. II also rceommended various The committee .said it issued restrictions on the application of: the preliminary report in hopes the planned lax on capital Rains of persuading tile government to and a lighter tax burden on re- amend its tax hill during corn- source industries. mitteiMif-the-whole debate in But it commended the govern-: the Commons, the slagc at which the bill now is. OK one knew 7420 sufi opposition in the Com- mons and the start of n law- j suit by some n i farmers who were unhappy w'tii the povernrr.ent failing to payments under the tem- porary uiioat reserves act. The government withheld the payments, which helped farm- ers with the cost of storing grain in elevators, while the stabilization act was consider- ed. The act was to eliminate the wheat reserves payments ret- roactively and substitute trans- itional payments during 'the changeover period, Payments have since been niaoe. Mr. Runciman said the retro- active aspect would have work- erf well had the stabilisation bill passed within a few months. But cncc the reserves pay- ments were "a full year in ar- rears what happened was inevitable." The government fair in its presentation of the bill and listened to the criticisms of farm organizations UIPII ir.ade i amendments. But in the end "it uas an unfortunate in failure 1 to communicate.'' invaded j IM.A.N Sl'X'OXI) RI5POIIT A second report would be Is- sued by the time the bill reaches the Senate. OF .NATIONAL IMPORTANCE j "The encouragement Of Can- ada's international corporations in their efforts to expand world markets is of the greatest na- tional iniporliince and the high- est the committee I said. "Any measures such as those 1 contained in the proposed legis- 1 lation which inhibit these efforts are to he deplored, particularly in view of the fact that these j proposals run counter to the patterns being set by other de- j velopecl nations." The committee rejected the government's contention that stiffcr tax laws arc needed to ensure Canadian-based firms do 1 not escape taxes by putting their money in foreign tax ha- ve: is. The stiffer tax laws could re- sult in a Canadian-based corpo- i ration being taxed for legiti- I mate business income earned j by a foreign affiliate of that cor- j poration, the committee said. Existing legislation was suffi- cient to block cases of tax avoidance by Canadian firms cli- ''erting their earnings to other i countries. "Failure to block such abuses, t if they exist, is due more to lack i of enforcement of existing law i than to lack of legislation." The committee also recom- mended lhat all dividends paid to corporations in Canada by foreign affiliates continue to be exempt from tax. The tax bill would impose taxes on such dividends in cer- tain cases if the foreign affiliate is in a country that has no tax treaty with Canada. hv women DUNCAN, B.C. :CP' When the Jiniici- Chamber of Commerce amended its na- tional constitution in July to permit women membership, it just a token move, says Regional Director Keith Jone.s. Yesterday it became more than women from this Vancouver Island com- munity became the first fe- male members cf any .layce.; unit in North America. "I I'd use the irlea of women joining as a club over the cf hack-sti.-lijis male members." said local President Wayne Buck. "I thought they'd be so irri- tated by the idea lhat. they'd come out in full force. But they didn't bite." Instead, the service club gut three new members, including .Mr. Buck's wife. Ellen. The others are Carol Quaife. wife cf Duncan Mayor Jim Quaife, and Lorraine Hedstrem. wife of local Jaycce Secrctarv Peter Hedstrorn. agro parley draws Olson OTTAWA ICPi Agriculture H. A. Olson will lead a delation of farm loaders, pro- vincial representatives and offi- cials to iho four-day biennial conference of the United Na- tions Food ?.r.d Agriculture Or- in Rome, beginning Saturday. i The agriculture department announced Thursday that the Canadian delegation will include Sa.skaic'imvsn Agriculture Min- ister .f. H. President Charles Munro of the Canadian Federation of Agriculture and Walter Miller, a vice-president of tile National Farmers' Union. The conference will deal with work! food production, interna- tional agricultural trade and FAO work. SEVENTY FIVE CENTS (coins) ID" each pattern (no stamps, piea.-e add 15 cents for each pasvrn for first-class mailing and special handling MF.KALD THE IJ Readers BO Front Slrcc! Toronto 1. Otnario for VANCOUVER _ Con- stable Xirkcl of the Trail. B.C.. detachment was sti'.'l ti-r yester- day by ih: of the i estate of Mr and Mis Ronald! Albert Joi'n-nn killed along with Hire'1 of five chil- dren in a 'v.n-ear collision near Hanr la-t Inr. The "K.. iiainages un- der t: F i! Act :or 1 of Heather KatiO'i-n anil Albert Stanley .In1.1 n, ihe two sur- viving Constable.M< off duly at the lime, diixirig the other i car invoked m ,'irrident. Two iniitir'-l-, kolh driv- ers al. f a u 11 Tke policeman later ret< ACI! tlin-e demerit points for the speed limit. CIVIL iN'IS fiiiiires show that. Brit- air, employs mo; c fi.'ri eivi] jno.OOO of them in In-- '-v.luto collar" .sec- tions. Eaton's Appointments J. Roger Begn A. G. Searle Knlon's is pleased lo announce the appointment of A. G. Searle as Store Manager of the I-elhbritlgo store. He replaces J. II. Begg who moies lo the Winnipeg area as Group Sales and Merchandise Manager. Mr. Searle. a graduate in Arts Irom the University of British Columbia, joined Eaton's as a wage administration analyst. Shortly thereafter, in the capacity of manager, he served in various personnel and operational depart- ments in I.cthbridge and Edmonton before being appointed to his present post as Store Manager of the UUibridge Store. Mr Begg's appointment as (Iroun Sales and Merchan- dise Manager in the Winnipeg Aiu follows a pattern of achievement lhat has led him through various managerial positions in the British Columbia and Alberta divisions of Kalon's. fie is a graduate of the University of iiritish Columbia and holds a Kaoholor of Commerce degiee. EATON'S November Sale Your Flier Just buys you a beautiful real leather bag at Eaton's! You don't hove lo ba rich to enjoy a real leather bag. You can gel only 12.99 a! Ealon's. You even get a choice of six beautiful styles. Each one luxuriously styled jn supple leather velvety nappa, smooth kip or glistening krinlda patent. Lined with bulfersoft suede, wafer-thin "Pony Hide" or crisp grosgrain taffeta. And every bag has a handy comb and mirror tucked inside. Come in cr dial Eaton's Buy-Line 328-081 1 for yoursl A. Krinklo patent I o a 1 h e r wilh "Pony Hide" lining. Black, navy or brown, C. Nappa leather wii'i grosgrain taffeta lining. Black, brown or ncvy. D. Kip leaf her wilh suede lining, ack, navy, tfndcrioin or dark brown. E. Kip leather wilh suede lining. ack, navy or tenderloin, F. Krinkle-patent leather with lea- ther lining. Black, navy, brown. G. Krinkle-patent leather bag with suude lining. Black, tan, brown. Handbags, Main Floor 44" Acrylic 45" Printed Prints Knits Exotic colours and to create leisure fashions for home or away. Wash- able and non-creasing. Easy To sew Solo, yd. Fabrics, Lower Floor and rinrkrr Fall colours, including purple, rod, gold, nroc-n, brown, black. Wc-.KM; acclato, 15% polyester. Sale, yd. Ski Ensemble Women's. Nylon cire, warmly insulated. Jacket and pants in navy, red, yellow or pink. (99 34 Sole, 2-pce. Sporting Goods, Lower Floor Folding Tennis Table Cuddly Doll Sale, Each .99 ,55 Easy (old-n-way type lien luhulor iramr- oo iwivol castors, rnromo corn'.-i fold. 5'x9' table has thick Rupoi, surloco with regulation areen pn.nl.-, I finish; 1" centre legs. Sale Rr eyes, and nllrnlion. A delight for any ItlHi' Hie doll ii n full 17" high. Toys, Lower Floor CANDY SPECIALS Deluxe Toffee HazelnuJ Deligiit A favo rite, rapped, toffees and cormel; od flovours of chocolate, vanilla and butterscotch. 2-lb. bag Licorice Delight A flavourful rnix of sugnr condy-coatcd with sofl licorice-flavoured jelly centres. A popular Ireat. Salo, Ib. Tcr tho swcol-toot fii; r s who eiko MVc th.! trunchiniiss of ni'l-. rhornlatp-ronltid with a soft, c r t a m y c e n J r; c n r r y i n q f" Sole, 111. Butterscotch Snlfi, Ib. Candies, lower Floor BUY LINE 328-8811 Shop Eaton's Tonight Until 9 and Saturday 9 to for November Sale Values. Use Your Convenient Eaton Budget Charge Account! ;