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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 2, 1973, Lethbridge, Alberta 20-THE LETHBRIDGE HERALD Tuesday, October 2, 1973 China's foreign trade growing By DAVID BONAVIA The Times of London PEKING This year un- doubtedly marks a great leap forward in China's foreign trade and possibly the begin- nings of a new approach to international finance Figures for the tirst quarter of this year show a 40 per cent increase in China's trade with some major partners This may not be a reliable guide to the end of year increase, but the Japanese are expecting a 25 per cent rise in turnover and Britain's exports to China have also shot ahead in a way no one predicted China's industrial output is believed to be growing at an annual rate of between 6 and 9 per cent Agriculture is at the mercy of the weather and this year may only just exceed the 1971 level, though it is early to make an assessment So China's foreign trade is booming greatly in excess of her domestic output and this is only partly accounted for by the big rise in prices for some of the major commodities in- volved such as rice and wheat Raps Brandt Unless China is going to draw heavily on her estimated gold and foreign exchange leseives ol about million she may have to seek toreign financing for her big increase in imports, though the steep rise in prices at the last canton fair will have helped her To the Chinese leaders it is a point of dogma that they have no foreign or internal debt, and do not accept foreign aid or indulge in the normal practices of commer- cial credit for trade deals It remains to be seen how long this position can be main- tained A succession of foreign banking delegations British. Japanese and West German have visited Pek- ing in recent months and they clearly were not soliciting savings deposits from the Chinese There have been rumors unconfirmed until now that the bank of China has been trying to attract deposits from foreign banks, and with pre- sent world interest rates so high this would be a costly operation entailing some ex- tensive dethmking of China s on credit BONN (AP) West German Chancellor Willy Brandt returned home from Washington Sunday amid controversy over an aide's demands that Brandt soften hii> stance toward Moscow The attack on Brandt's East-West negotiating posi- tion came from Herbert Wehner a longtime friend and leader ot Democratic parliamentary Biandts Social party Wehner now visiting Moscow told reporters last week he feels Brandt s government is pushing too hard to win Soviet-bloc agree- ment that Bonn could fully represent West Berlin in east- ern Europe YOU'LL LIKE THESE1 Want to make your next roast loin of pork meal more delicious7 Then don't miss these recipes by Margo Oliver for dishes to accompany roast pork Steamed Squash Rounds, Creamed Peas, Celery Amandine Marmalade Pudding In your Lethbridge Herald Weekend Magazine Rescue A crumpled boat, wed- ged on a rock in the Schu- ykill River, is left behind and a groaning man, George Michael Lengyel III of Pottstown, is brought along with rescuer Dale Sweigart of the Reading Fire Department Scuba Team m battle with the ra- pids of the Schykill Riv- er in Reading, Pa Newsprint mills out of operation LONDON (AP) New- spaper publishers throughout Britain face a possible halt to publication because of a shor tage ot newsprint The Newspaper Publishers Association which speaks for nationally circulated news papers and the Newspaper Society which represents newspapers printed outside London have urged member publishers to cut down on pages to avoid a full stop at the end of the vear Supplies of newsprint from three big Canadian Price Brothers. Canadian International Paper and Canadian are expected to fall short bv as much as 30 per cent bv s end because ol strikes Supplies from the big British producer Bowater have been reduced by 10 per cent for six weeks because of production problems and labor disputes Imports from Scandinavia to Britain have been increased at the expense of other markets These have so far largely filled the space left by the Canadian reduction butone Scandinavian supplier said We have been asked dailv for new supplies but we are unable to take on new customers at the moment' Newsprint reserve stocks in the country are said to amount to only one or two weeks needs compared with a usual tour-to six week supply Some provincial newspapers already have reduced the number of pages they print The London-based Daily Ex- press with a circulation of three million plans to reduce its throughout next month withdraws products BOSTON (AP) The Gillette Co said today it has stopped shipment and will withdraw from distribution two new antiperspirant products which have produced mild inflammatory reactions under additional testing Gillette Right Guard Extra Strength and Soft and Dn Ex- tra Strength on the market less than one month, passed customary pre-market medical tests for irritation, ingestion and inhalation, the compdny said But later testing resulted in inflammatory reactions Any question arising from test data requires prompt ac- tion said Vincent Ziegler, company chairman "In line with this policy, we stopped shipment of these two new antiperspirant products In addition we will withdraw them from wholesale and retail inventories, pending further evaluation He said the action on the new products does not affect other Right Guard or Soft ana Dri products Deep digging traction with Sears snow tires. on Sears snow tires. 4-ply nylon premium traction Deluxe Traction-our Fibre glass best 4-ply nylon belted snow fabric belted radial snows 18 99 F78-14 Blackwall Installed 20 49 F78-14 Blackwall Installed OO49 b Traction and stability plus long life1 A rugged snow tread that digs deep for real go in mud or snow Gets you going in mud and snow' Deep, rugged tread for maximum traction under the most difficult conditions, long mileage on clear roads 4-ply nylon body for strength and dependability Great value' each 600- i 3 700-13 645-14 735-14 775-14 825-14 600-15 775-15 28220 28237 28239 28240 28242 28294 28230 600-13 700-13 645-14 735-14 775-14 825-14 600-15 775-15 28320 28337 28339 28340 28342 28394 28330 Studs Extra F78-14 Blackwall Installed Features wide, modern deep-biting tread for traction 2 fibre glass belts under the tread for long life 2 body plies of Du Pont nylon for strength and safety Spare wheels 36 49 F78-14 Installed as low as 1 Save time and money1 Mount your snows on their own wheels Sizes to fit most North American cars Radial ply made to set a new performance standard Aggressive tread for good traction Beat this buy! Truck tires 2995 670-15 Tube Type As low as Long wearing tread and tough cord trouble-free mileage Choose your or rib Terrific value1 Studs Extra 1294 SblSI HOCESN SHOPPfP 100 nim ST TOUK TOWN SaMfaeton G jaranlAAA or MQnfly For Pre-Season Savings It pays to have a Sears Ail-Purpose Account Sears 13 way guarantee! Monlhi 91024 25 to 29 30 and 20V. Tire and Auto Centre Simpsons-Sears Ltd. 1 Every AHstitf passenger urn is Guaranteed against ALL tire failures for the tile ol the rrojrdlcu ot the cause ol failure Replacement cost based on tread used prorated against current price 2 Nail punctures are fixed at no charge 3 Guaranteed against tread wcarout lor specilic number of months If tire wears out anytime before guarantee expires the following discount allowance current pnct will be given towards a replacement. at Sears you get the finest guarantee satisfaction or money refunded and free delivery STORE HOURS: Open Daily from 8 a.m. to 6 p.m. Thursday and Friday to p.m. Centre Village Mall, 2nd Ave. and 13th Street North ;