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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 19, 1971, Lethbridge, Alberta Friday, November 19, 1971 THE IETHBRIDGF HEfiAlD 19 Benson: U.S. turns clock back to dark days of the MONTREAL (CF) Unilcd States economic policies are threatening to throw international economic conditions back to the years of the Great Depression, Finance Minister E. J. Benson said hy the United Stales. "If we arc lo avoid the danger of turning the clock hack to Ihe dark days if the, '30s, we believe it is essential to look for solutions lo the present international imbalance within buy-American provisions in the proposed Job Development Tax Credit and Ilie proposed legislation providing substantial tax benefits to so-called Domestic International Sales system wilhin a framework of expanding trado. "It should be. clear by now that the cumulative adoption of protectionist measures bv the nations of the world would ha a disastrous backward c'vpnn... in iin. r s American culling back nn impon.'. froi.i Canada in anticipation of Conijross approval of the credit and the DISC legislation "ivculd provide a conlinuinc irmitivc by way of tax subsidy for Anvriean Wcsl Germany and Italy, even (hough Ihrae countries have a trial population of 165 million and Canada 22 million. There had been a 3.2-per-cnt increase in the number of Canadians employed last month signilicanl progress in llm direelion. During Ihe long inflatiorary spiral which a serious threat lo Ihe competitive strength of our economy was finally brought under a measure (if control. "In fact, Canada's success In a speech (o the first annual Canadian institutional of expanding, rather than contracting, "There is a very real HIT HARD The U S measures lo divert pro'.'iio'jon from Canada to th.-' r S with October, 1970, but Ihe crcc'i'sl challenge the rise n prices sur RSBSV passed that of virtually an> (Pm conference, said Canada supports the objectives of U.S. said "As it stands, the U.S. these elements of the U.S. program could prompt other a particularly severe great MS Ihe exnansion of government sl1" achieve the "greatest Western nation. Under the stimulus of fiscal and monetary growth, contains elements to adopt restrictive a serious challenge labor (cure llirt Ihn in productive progressively in of the U S balance of prejudicial to the as a solution to their jobs for a in the number of without unleashing by federal aulhorities problem and relaxation of of world trado on a and discourage workiTs from 1055 to 1S80 linn. the Canadian ecnnon-.v has been strictive trade barriers maintained by other nations-hut disagrees with the sustainable basis, namely the surcharge (on imports) of un to 10 per cenl, the effort to work out a multilateral solution for the restoration of balance in surcharge on imports was j was expected to exceed the affecting billion of Cana- 1 combined total increase of Ihe past s e v e r a 1 i expanding at a steaddy-aceeler- we in Canada have I ating rate over the past year." I andyo tans. Canada works when Canadians gel involved together. So the Federal Government is putting 498 million dollars to work, through a series ol specific programs, to help create jobs for Canadians. CANADA WORKS WITH YOU You're a major force in making the program work. We're counting on you, either on your own initiative or through your community groups, to come up with ideas for the Local Initiatives Program. For example, you may have a social service project or an idea to expand a cultural program, or improve substandard housing, or assist the handicapped-just about anything that makes your community a better place. The Training-on-the-Job Program will expand opportunities lor Ironing for those who are unemployed or have little work experience For those with some basic work experience, the Canada Manpower Training Program has been extended to help provide additional learning. CANADA WORKS WITH BUSINESS AND INDUSTRY Included in the Federal Government's plan is 3 program of tax credil or direct payments to employers to encourage them to add trainees to their stalls through the Training-on-the-Job Program. This wilUielp Iho trainee get valuable work experience that he can apply in many jobs, CANADA WORKS WITH MUNICIPALITIES 1 he Local Initiatives Program will help municipalities to crentf additional through worthwhile community projects. Provincial governments will work with municipalities to use this program to suppoii and spur community projects that will give jobs to people in your community. CANADA WORKS WITH THE PROVINCES There's a Federal-Provincial Employment Loans Program designed lo finance additional capital works projects. Some projects may be done by the provinces, others by municipalities with provincial We'll be speeding up the program of the Central Mortgage and Housing Corporation to get homes.'student housing, and sewage treatment projects under way. Loans will also be made to exhibition commissions, boards and associations to get people'working on multi-purpose fair and trade buildings CANADA WORKS WITH FEDERAL PROJECTS There will be moie job opportunities in maintenance and improvement activities on Federal buildings; transportation facilities; forest and park projects; and many others. WHERE IT ALL WORKS TOGETHER It starts at your Canada Manpower Centre. For advice and .-.ssistance on any ol the programs you feel apply to you or your mntar.t ynnr local Canada Manpower Centre.They'll be ,iappy to help you. When Canadians get involved together, CANADA WORKS Manpower Main-d'oeuvre and Emmigration B Otto Lang, Minister Olio Lang, Minislre ;