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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 7, 1972, Lethbridge, Alberta Tutsdoy. November 7, 1972 THE IE1HBRIDGE HERALD 17 RIGHT OF WAY In a traffic circle, th e driver to the righl dees not have the right of way as he dees in other situations. Unless otherwise directed by a sign, a driver travelling in a traffic circle must yield the right of way to any vehicle that is travelling to his left in the circle. This picture is the 20lh advertising the City Police 1972 safe driving campaign. Wage, price questions asked by businessmen Fugitive sought WHITBY, Onl. (CP) Pro- vincial police say they still arc looking for a Whitby youth in Western Canada in connection with the September robbery of two New Liskeard. Out., mur- der suspects. Three Whitby James Palerson, Wayne Ken- neth Wilson and Carl Wilson- are in custody here charged with the robbery. Peter- son was arrested in Vancouver last week and brought back to Whitby. Kevin Grant Lang, Hi, and a 15-year-old juvenile, both ol New were arrested by provincial police last Sept. G sfter Ihey complained- to police that they had been beaten and robbed of by four youths iri Ui whom Ihcy had been drinking. Lang and the juvenile were charged with non-capital mur- der in the death ot Golden Brown, 70, whose body was found at the foot of cellar stairs in his New Liskeard home last September. Police believe the victim was robbed of Downed pilot uses mirror as rescue gadget in north YELLOWKNJFE, N.W.T. (CP) A downed pilot used a hand-sized mirror yesterday as a key instrument in his rescue frcm remote hush 100 miles in- side Ihe Arctic Circle. John Gauchcr of lunvik, forced down last week, used the min-or to catch Ihe attention of anollici- pilot flying in Ihe vicin- ity. Mr. Gaudier went missing Thursday on a flight between the Mackenzie delta and the In- dian settlement of Old Crow, on the Porcupine River near the Alaska-Yukon border. Bad wealhe' forced him lo land his single-engine Cessna 1Kb on a frozen lake about miles north of Edmonton. The lake is about 45 miles from Old Crow and IBO miles from In- uvik. Mr. Gaucher waited for the skies to open enough to allow him to fly, but finally found himself trapped in deep snow on the lake and unable to take off. Overnight temperatures later froze the engine of the aircraft. After two nights in the bush, Mr. Gaucher heard a light 1 plane overhead and managed to flash signals at the pilot with a I hand-held mirror that reflected 1 bright 5unligbt. A Ram Air plane sub- sequently flew out to the lake from Inuvik, carrying a heater for the engine. Mr. Gaugher got help in clearing the snow from a runway and flew home. The identity of the pilot who spotted the downed pilot has nol been determined. He was flying into an exploration area northeast ot Mr. Gaucher's lo- cation. SHIPS Nearly 350 shipwrecks oc- curred on the coral reefs sur- rounding Bermuda over a 400- year period. By HIVING C. WIIYNOT Business Editor One subject likely lo come lo the fore again following the' close federal election is Ihe prospect of wage and price con- trols in Canada. Some businessmen were say- ing privately before the vole that they cxpcclcd some form of controls following the elcc- i fion, regardless of which parly 1 won. Their basic reasoning was I fhat some means to stimulate the economy and reduce unem- ployment would have to he found and likely would be in- flationary in nalurc. Bui no government would want lo crealc a new boul of so controls would be applied to contain il. A further feeling was that Canada cuuld nol continue too long on a course opposite lo that in Ihe Uniled Slates, where a of controls has been in effect for some lime. Neither Prime Minister T r u d c a u or Conservative Leader Robert Stanfield have ruled out (he possibility of fu- ture conlrols. And Mr. Trudeau in his news conference Thurs- day, saying he would stay on p.s prime minister, said economic .stimulation would have to be achieved without galloping in- flation. UNDER niSCl'SSION A number of business leaders and economists have already I been lalking about the prospect of controls J. W. Popkin. senior econo- mist of Sun Life As.sirancc Co., says be expects price and wage controls if inflation increases beyond 5.5 per cent in 1973. "The relatively good U.S. ex- perience with price control has restored some credibility to this approach.1' Rodney Kcrr of Ihe vestment firm ot Wood Gundy Lid. sees Ihe prospect of con- trols as unsettling for investors. "It may be that Canada is a lot close- to wage and price controls lhan we were at this time last he said two days pflcr the election. "The possibility of wage and price controls, I believe, will make it very nerve-wracking for in- vestors with large cash re- serves to stay out ot the bond market .lack McKcnzic, vice-presi- dent finance for Canada Per- manent Trust Co.. also saw the prospect of controls. "Even if no direct controls are placed on interest they wouldn't work the bond market would have lo accommodate to new condi- tions." OPPOSED BY SOME Some others see problems in imposing controls, and some arc against them. Alan B. Hnckin, deoutv chief genera] manager.' of Toronto Dominion Bank, said in late September that direct govern- ment intervention to control prices "would be unsuccessful if it were not accompanied by measures aflecling levels of in- comes." "Therefore, I am driven back lo the alternative of the use of monetary and fiscal policy, in- cluding income redistrihutive policies, as instruments neces- r SVLVANIA makes color TV worth having. ChroMatrix and are two of the reasons. ChroMnmx picture lube made wilh rare phosphors pivrs IhG slinrpcr.t, mor.l lilpliko picture von cr.n nrM. Pprma-Lock automatic [inn liming iv-lnni polled color mlensily, llesh lones, conlMM and brightness simply by pressing one conlrol sary to achieve this income ef- Economist Carl Beigie. exec- utive director ot the Private i Planning Association of Can- ada, said just a few days be- fore the election that prices must be considered as part of i any policy on employment. "II the only two policy al- ternatives for dealing with the inflation problem were or price and wage conlrols in seme form, I would reluctantly but firmly support controls. I SUPERINTENDENT OF UTILITIES MAJOR CHEMICAL PLANT requires SUPERINTENDENT OF UTILITIES AND INSPECTION Challenging posilion with responsibility for all utilities and metals inspeclian, including operalion of utilities plant; sulphuric acid plan I; extensive water tree! men I and ultra-sonic metals inspection service. The successful applicant musl have a valid Alberta First Class Steam Engineer's certificate and several years' experience. Salary commensurate wilh quali- fications and experience. Send resume lo. PERSONNEL MANAGER NORTHWEST NITRO-CHEMICALS LTD., BOX 310, MEDICINE HAT, ALBERTA, T1A 7G1 "I" BRAND MARGARINE Watch For More Special Values In Tomorrow's Paper. After November 15, Canada Savings Bonds will cpstypu more because you will have to pay accrued interest! Acme Television Ltd. 535 13lh SI. N., Pli 327-6361 anil Collcryc Phono TV (Taber) Ltd, Tciber, Alln. Phono: 223-3866 Bert Mac's Radio-TV Ltd. 315 7lh Sltocl S. [olhbrriao Phono Appliance TV Sales Ltd. 1342 3rd Avinui S. lnllibrldp.1 Phon. 311-0011 BUYCANAOA SAVINGS BONDS START SOMETHING GOOD TODAY AVERAGE ANNUAL INTEREST TO MATURITY 7.30% ;