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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - October 2, 1970, Lethbridge, Alberta Fourth Major Seacoast Great Lakes Dream May Come True WASHINGTON (CP-AP) - A long-time American dream of turning the Great Lakes into a thriving "fourth major U.S. sea-coast" may be fulfilled under a far-reaching maritime bill on the verge of passage by Congress. With its complex tax subsi. dies, tax breaks, and debt-forgiving features, officials say, the bill should clear the way for revitalizing the sagging U.S. shipping industry on the lakes. "It puts the lakes on an equal footing with tlie other tliree coasts," said Robert J. Black-well, assistant administrator of the maritime administration. "It could be a turning point." The bill is primarily designed to rebuild the U.S. merchant marine fleet but amendments adopted in tb a House of Kepre- Fires Banned In Alberta Park Ai'eas EDMONTON (CP) - Recent warm weather creating a high forest fire danger rating has resulted in a ban on open fires in most provincial parks. Dr. J. Donavon Ross, lands and forests minister, said restrictions were in effect in all forests, except Lac La Biche, Athabasca and Footner Lake, for an indefinite period. A total of 37 fii-es were burning, six out of control and eight under partial control. Most of the fires were believed started by persons rather than by natural causes. Huntei-s were urged to be cautious while travelling through wooded areas. sentatives and Senate expanded it to give a big boost to Great Lakes shipping. The key provision appears to be opening a lucrative tax loophole to Great Lake,'s shipping companies, allowing them to defer corporate income-tax payments in turn for pledges to put the money into a special fund for new ship construction. The hope is that the tax deferment provision will encourage new capital and more ships in the Great Lakes industry, Blackwell said. SHOULD BE BOON Senator Walter F. Mondale (Dem. Minn.) said the tax break and a provision forgiving China Shows Off Big Rocket Model HONG KONG (CP) - China displayed a huge rocket model here as chairman Mao Tse-tung turned out to watch a giant parade marking the 21st anniversary of the Chinese People's Republic. The parade Included the rocket, the first one ever believed to have been shown in a Peking parade and a symbol of Chinese entry into the space age in April. Radio Peking, reporting on the celebrations, said the rocket was a model of a satellite booster and observers believed it was a replica of the one which launched the first Chinese space satellite. There has been speculation that China might mark its national anniversary day with nuclear tests, as it did last year, or viith a rocket shot. Tumultuous cheers greeted Mao who appeared in good health, and his heir-designate, Viee-Chairman Lin Piao, as they mounted the rostrum on the scarlet-walled Gate of Heavenly Peace. Speaking before the parade, Lin Piao saiid China had made great strides on all fronts in the last 21 years and called for ef-foi'ts to maintain the revolutionary pace that already has transformed the country into a world power. On the rostrum with Mao and Liin Piao was the deposed Cambodian head of state, Prince Norodom Sihanouk, whose guerrilla campaign to topple the present Phnom Penh government is supported by China. News Bureau In MaritimciS TORONTO (CP) - The Glohs and Mail announces it has established a bureau in Halifax for tlie Atlantic provinces. Lyndon Watkins, a business-news specialist, will run the operation. It is the first bureau to be established in the Atlantic provinces by an cojtside newspaper, The Globe and Mail says. millions of dollars of interest owed by the St. Lawrence Seaway Development Corp. to the U.S. treasury "should be a boon to shipping on the lakes." It was Mondale who woo passage of an amendment cancelling futm-e interest payments owed by the seaway, as well as $22 million deferred interest charges. What it means is that the sea way, built 11 years ago by Canada and the United States to step up shipping to the heart of the continent, now will be on a sound financial footing, Mondale said. It will thus not have to raise its tolls and will be in a better position competitively to attract more shipping, tiie senator aded. The corporation, responsible for U.S. participation in the seaway, currently has a total debt to the treasury of about $155 million. Ilie corporation has an interest debt in early years of about $7 million and over the years has fallen behind in payments bv an aditional $1 million. COULD PAY DEBT Forgiveness of the $22 million would leave an over-all debt of about $133 million which, a spokesman for Mondale said Thursday, could be paid off in the required 39 years at the current rate of income. Under terms of the original agreement the corporation was supposed to repay its debts by the year 2010. Friday, October 2, 1970 - THE tETHBRIDGB HERAID - 25 In Ottawa, a federal transport department official said the U.S. moves indicate "a strong interest in the seaway and the firmest desire to keep it a viable operation." He said the Canadian government would not offer official imment on the bill "at least until it's passed." atsun welcomes the competition Datsuns came first, second, third and fifth in the 1970 East Affican Sataii Rally. Nine out of nineteen cars to finisli were our.s. We won the Canadian Winter Rally. We won the 10,000 miles Around Australia Rally. We won our class in the last Shell 4000, We won the Canadian National Rally Championship in 1967 and 1969, and we're way out in front again this time. We've proved our car a winner time after time, year after year. Here's why. Not jlist for glory We did it to see what Datsun could do under extreme driving conditions. We wanted to test our car to its limits, under the worst possible conditions against the best possible competition. And as a result of the results, today all Datsun drivers get superb performance, ironclad durability, smooth handling and up to 35 miles to the gallon, Here'.s what the competition's got to beat 96 horse overhead camshaft engine. Dual barrel carb. Alternator. Independent rear suspension. Unit-body construction. Lots of no-cost extras. Like bucket seats, front disc brakes, door-to-door carpet, and flow-through ventilation. And of course, the complete safety package including telescopic shock-absorbing steering column, headrests, harnesses, and four-way flashers is standard. The only options are a radio and 3-speed automatic transmission. We want to be fair Without the untiring efforts of the competition we wouldn't be where we are today. Out front. We want to thank them, because the harder they try, the harder we have to try. And that's good for everybody. the more-for-your-money car Suggestod retail pries, port ot entry Vancouver, Montreil. Halifax. PluE local freight and handling, licence, provincial tax if applicable DATSUN 1600 from FOREIGN CAR (LETHBRIDGE) LTD. Corner 3rd Av�. & 11th Street S. Phone 327-3933 There are more than 1000 Datsun dealers across Canada and the U.S.A. MOOUa Of NISSAN SHOP FOR aiscauNT pmcesr mm FOOB 2025 Mayor Street South Mayor Magrath Drive Drive A WIDE SELECTION NATIONAL BRANDS at L-Mart Low, Low Prices! - PLUS - Guaranteed Meats "Garden Fresh" Produce 3284 ;