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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 18, 1972, Lethbridge, Alberta 8 THE IFTHBRIDGE HERALD Saturday, November II, 1971 REGAL ILLEGALITIES Three generations of Queen Elizabeth's family were in trou- ble with the law this week. Earl Mounlbatten of Burma, left, her uncle, was fined for watering down the milk on his farm. The Earl of Lichfield, centre, her cousin, had his driving licence suspended for using his Rolls-Royce after drinking. Princess Anne, right, her daughter, was warned she might be prosecuted for speeding in her spwls car. No Christmas bonus this year Ontario's tax swap scheme really works TORONTO (CP) Anni-l- ment dwellers won't be their usual aovernment Christ- inas bonus Iliis year because a computer has determined that Ontario's big tax swap scheme really works. The swap, in which the prov- ince Mi-mils Income-tax credits to cffset property taxes, was in- troduced this year to replace shelto-exemplion grants. Inequality in the sheller-ex- emntion-grants and new alike got the same benefits, an average S60 re- the province to get into tax credits. Now, instead of refunds, which they got from apartment owners around Christm a s, apartment tenants must apply for the credits in their income- tax form. The first forms under lie new system will be filled out next sping. Although there has always been FI general view among and ccnnom.'sLs that property taxes we-e essive, a provincial study in Cueluh provided this week of OCO ponerty owners noted "sub- slrnlinled evidence" of the im- pact of this type of traditional tax. Under the credit formula, propei'lv miners a basic 500. add 10 per cent of their paid-up tax and deduct an amount equal to one per cent of laxable income. Apartment dwellers, roomers and other renters claim credits on a sim- ilar formula. It means that both ircome and property tax are laken inl.0 account in deteiTmn- ing credits, a system no other North American government employs. BASED ON PAY 'Ontario's credit system is based on ability to pay, with no restrictions on age or own- ership. Most tax-credit schemes in Europe and Ncrll] America, peticiilarly the are available only to the el- derly. Oregon has a scheme re- sembling OHario's old home- owners prant system. In Britain, a rating authority grants credits only to house- holders whose are greatly inceased though revaluation. Saskatchewan has a homeowner grant prnffram which in will provide a maximum of to resident homeownp-s. Alber- ta and Manitoba have a some- what similar program. To the delight of treasury offi- cifils, the Guelnh "analysis con- firmed that the tax-credit plan redistributes property tax burdens." eising the tax load on low-, and f'xed- income pesons, particularly pensioners. In Gue'ph, the computer tables showed that the aver- age 1972 credit will be for those earning below and J2 for those in the to brr.cket. For incomes above the tax credits have no appreciable impact. Guelph was chosen for the study because it was a repre- sentative community, and the first to upderro a com- plete reassessment of its residential properties based on market value. About 2.24 million properties in Ontario come under the tai- credit scheme this year. With an average value of in tax credits, total cost to the prov- ince will be about million. The shelter-grants system cost the province million in 1971-72. Student flow study slated EDMONTON (CP) Aiuaria is attempting to assess more accurately the flow of students into secondary levels of educa- tion, Jim Foster, minister of advanced education, said Thurs- day. He said universities, colleges and technical institutes tradi- tionally have projected their own enrolment figures, with the result that some programs are over-funded while others re- quire more staff and money. He said the study, to be con- ducted by a committee headed by Barry Snowdcn of the Al- bera Universities Commission, is intended to provide an accur- ate description of participation rates in various parts of the province. Disneyland Tea Set Disneyland cartoon figures on O A A llurdy plaslic. 6 pee. setting. Moirs Boxed Chocolates Girls' Slims Assorted styles In stretch nylon or for- trel polyester. O A A 1 Ib. size. A good assortment of centres in dark chocolate. Pocket Radios 6 transistors. Complete wilh 9 volt bat- tery and earphone. Good color selection. Vinyl Shopping Bags Two styles wilh zipper pocket. 4 AA, Navy, Red, Beige and Black. I Year Stories Poems 4 [ewcls in a round or square shape. Black, Blue, Red, Cream and While. Ladies' One Size Panty Hose Ride 'Em Duck Mode of sturdy plastic for the O A A All nude style. Colon C 1 A A pr. I Photo Albu of Beige and Spice. p Woolco Fine Cut Tobacco 6 01. size. 1 A A Fine cut, mild. I Bovs' Thermal Underwear Hunter's Gun Rack Ideal for home. Durable hardwood consl ruction. Holds 3 guns. smaller fry. Beer Steins for less. Knit Hand decorated Set ol Stacking Stools Choice of and Gold. 100% cotton. Fully washable. Lon-s lops. Sizes S-M-L 4 A A I Snow Scoop light weight snow Choice of Red, Black 9 A A inch 2-Pce. Bath Set Made of nylon and kodel In O A A assorted colon. Paint By Number Sets Lamp Assortment Several styles and colors. Choose from several subjects In 4 A A Malo" and "Pel" sets. mtt a Series III Point By Number Ladies' and Teens' Bear Sliniers Boys' Pullover Sweaters Long ileeve. 100% acrylic. Zipper crew neck slyle. Sizes 5-M-L A A Ladies' Flannelette Pyjamas tong sleeves wilh pull-on botlorm. Pink. O A A Witt Assorted colors (n Orion 4 AA pile. Sizes 5 to 10. I ladies' pnd Teens Vinyl with foam sole. A A A Contains and i..... and Teens' n SJiooers Blue and Mint. Sizes S-M-t. Men's Knit Sport Shirts 100% polyeiler wilh long sleeves and 2 butlon cuffi. Plain colors in A A sizes S-M-L Two styles to choose from. Lace cup or nylon tricot. While cr jkinlone. A A .tt WOOLCO PHARMACY OPE'fTED BY JACK AUSTIN PHAPMACY (AITA 1 LTD. DIVISION OF DOV'IN'ON CITRUS AND DRUGS LTD. 4 ,0 Girls' Sweofers Paint By Number On Black Velvet Men's and Teens' Corduroy Slippers Soft and Dry 10 oz 4 AA Regular or unicftnrcd. "Velvel 1 Pre-toned panel, 12 transparent oil colon, brush. Plaid with c crepe sole. Sizes 6 to 12. TIME SPECIAL to p.m. TUESDAY TIME SPECIAL to a.m. TUESDAY TIME SPECIAL to p.m ADORN VESTA 5-LB. BOXED LADIES' PULLOVERS AND CARDIGANS Milk chocolate covered centre Wida range of stylos and colors Sizc-i SMI. Because We're Woolco... Your Shopping Costs You Less! College Shopping Mall -2025 Mayor Magrath Drive Open Daily 9 a.m. to 6 p.m.; Thursday and Friday 9 a.m. to 9 p.m. ;