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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 29, 1973, Lethbridge, Alberta THE LETHiRIDQE i.ERALD NovtmMr 'Oil companies need investment return to avert 1980 shortage' r u SMU D i The whisky a man saves for himself ...and his friends. It's a matter of taste. So we take the time to blend together 29 aged whiskies into one great taste. Adams Private Stock. Do your friends a flavour. Thomas Adams DISTILIEKS I I MONTREAL Canada will be faced with oil and natural gas shortages by 1MO if oil and gas companies do not receive enough return on their investment to pay for needed expansion and explora- tion of new an in- dustry spokesman said this week. Henry Van vice-president ot Bow Valley Industries told the third annual Institutional Invest- ment Conference that govern- ment inaction or continued interference in the oil industry could drive capital away from the Canadian market where it is needed for development of new oil wells and construction of pipelines to bring natural gas from the North. He said the best way to create the proper economic climate is to allow prices to rise to keep ahead of rising capital and other costs in developing new oil and gas fields. Government moves in the last 10 months have got to be he there's going to be a shortage of oil and gas in Canada by the end of the he said. Jerry president of Gulf Oil Canada said that by Canadian oil produc- tion will be equal only to de- mand west of the Ottawa Valley if developers cannot immediately develop the potential of the Alberta oil the Canadian Arctic and the East Coast. He told the panel discussion it does not make to extend the trans- Canada pipeline to Montreal to ease shortages in Eastern Canada Such an extension of the line may be considered necessary for security and political he said the event that it is con- sidered a the cost must be borne by all the tax- payers and not just a few cor- porate taxpayers Industry spokesmen said that for new Canadian oil reserves and gas to be delivered economically to central the country needs transportation systems designed to handle export traffic. The only way Canadian Arc- tic gas can be transported economically to Canadian markets is If a Mackenzie Valley pipeline also carries gas from Alaska's North said William chairman of Canadian Arctic Gas Study Ltd. Asked whether his company would develop its Alberta oil sands rights without guarantees of uninterupted access to U.S. Jack vicepresident of Shell Canada said his firm wants long-term economic guarantees. ACCESS NEEDED required and what's said Mr. access in one way or and unfettered to the best crude oil prices Mr. McAfee rejected charges that oil companies are making profits from higher prices. Recent improved profits for Canadian oil companies repre- sent very modest rate of return on currently invested than the average for manufacturing in- dustries for In an earlier panel dis- the chief economist for the Toronto Dominion Bank predicted that next year's growth in the Canadian economy will be less than the 1973 growth but still compare very favorably with much slower growth rates in the U.S and p. D. Peters said the major stimulus to growth in 1974 will he business investment in equipment and machinery. Business investment will rise by about 20 per cent next he while consumer spending on durable goods will rise by about seven per cent. Exports will be affected by slower growth in the Canada's major trading and will rise less than half this year's growth Mr. Peters said. however will be stimulated by Canada's accelerating demands for capital goods as our business investment gains momen- Sears tit you're having a houseful of _ the festive holiday season and want to senfli delicious entrees and desserts in minutes. Reach for your Kenmore Microwave oven. Save a whopping S70 429 98 Reg. No need to rush when company's coming. With this new Microwave oven you can cook a whole dinner for including baked potatoes and layer cake in just 30 minutes. It actually cuts cooking time by Save time on clean-ups too by cooking right in your favourite china server or on glass or paper. The oven never gets hot. Spills just wipe off with a damp cloth. And because you cook without your foods retain more of their natural vitamins. This handsome portable in Woodgrain finish takes only counter space. Needs no installation. Just plug it into any regular outlet. Come see our Microwave demonstration and taste the delicious difference of foods cooked this fast new way. at you get the guarantee MtfefacUon or nwnoy fefuooed Simpsons-Sears Ltd. Appliances STORE Open a.m. to p.m. Thursday and Friday a.m. to p.m. Centre Vlllaoe Mall. Telephone 328-9231 Rose Mary Woods j toasts her boss I By FRANCES LEWINE WASHINGTON Rose Miry Woods is one of President Nixon's most loyal associates. She publicly toasted her boss recently as most honest man I have ever known. Miss has been testifying before District Court Judge John Sirica about the White House tapes. As Nixon's personal secretary since Miss Woods is con- sidered part of the White House inner circle. never seen Rose in a flap over one White House aide adding that the president on her-he ob- viously trusts her really a member of the another White House insider said of Miss who years ago even served as a baby sitter for the Nixon daughters. She goes to Camp the Florida and California White Houses and is the one who types draft after draft of Nix- on's important speeches and major decisions. She has ac- companied the president on trips all over the world. Her White House office is just a few feet down the hall from the president's Oval Office. Miss Woods has remained close-mouthed and loyal to her She first met Nixon when she was a secretary for the House of Representatives select committee on foreign aid in 1947 and Nixon was a member of the committee. She went to work for him after his election to the Senate and has been through all of his subsequent and triumphs. A native of she came to the White House as presidential secretary to Nixon in 1969. In a rare interview in Miss Woods said she thought Nixon would go down in history because of his decision not to contest his defeat by John F. Kennedy in the 1960 presidential election. She called it great really don't know of any other man in history who has been more Nixon was under pressure to contest the but Miss Woods said Nixon felt it would hurt the country too much to throw the presidency into a contest perhaps for 18 months or more. When he started his second reorganizing some of his Nixon paid special tribute to Miss Woods by giving her the additional title of executive assistant She is a frequent guest at White House state functions and one of the few intimates the Nixons have to family dinners. It has long been her as one who knows most of the people associated with Nixon in political life as well as close friends and to help make up the guest lists for White House par- ties. It was in this the White House that the Com- mittee to Re-elect the President sent Miss Woods a master list of major Nixon campaign contributions before the April disclosure deadline. That became a matter of controversy in the Watergate inquiry. It was last summer while Nixon was at Bethesda Naval Medical Centre suffering from viral influenza that Miss Woods gave her honest toast to the president. It came at a garden party in honor of Nixon's director of Herbert and his wife who were leaving the inner circle of the White House. She was asked about it a few weeks ago at another Washing- ton party and reaffirmed her belief in her boss. When asked if she remembered her toast to most honest man I have ever Miss Woods right. And it still Miss Woods has characterized her boss as a man who has excellent mind is shy. I think this is why most people misunderstand think he is cold. He is Miss Woods has never married. Her closest relative is a brother a former FBI man and a Republican who was elected sheriff of the strongly Democratic Cook bailiwick of Chicago Mayor Richard Daley. CAREERS COUNTRY OF LETHBRIDGE NO. 26 invites applications for CUSTODIAN McNALLY SCHOOL Application forms and details available at County 214 13th S. Alberta. Applications must be received at the County Office by December 1973. R.E. Grant AMistant Secretary-Treasurer County of Lethbridge No. 26 7 STORES 10 savt rou IFIIEI CO-OP 1221 2nd AVE. LETHBRICGE IAI.ONS IOW ISLAND CAID5TON cQAiDtiE _ turn TABER AN AGGRESSIVE RETAiL. a HARDWARE MERCHANDISE SUPERVISOR Duties include- advertising and inventory manage- ment for all with Lethbridge as home office. This position requires frequent travel to the applicants must have several years of related exper- ience and be an aggressive person. Pull range of bene- fits will be provided. Apply to MR. R. DYKEN S.A. CO-OP Phone 329-0017 Banff School District No. 102 Invites Application For The Following Elementary Teacher With major responsibilities in language arts and reading at the Grade 5 and 6 levels. Duties to commence January 1974. Applicants v'tea should be forwarded Dr. L. R. Alberta TOL OMO ;