Lethbridge Herald, The (Newspaper) - October 5, 1974, Lethbridge, Alberta
38-THE LETHBRIDQE Octobtr Resource-rich Canada attractive to Japanese By DAVE BLAIKIE TOKYO (CP) Japan's in- vestment in Canada should surge in the years ahead, say senior Japanese government and business officials. "There will be a sharp in- crease, no doubt about a senior finance ministry spokesman told visiting Cana- dian reporters recently. The end of Japan's so-called economic miracle is part of the reason. The country faces serious domestic problems and an uncertain outlook abroad. Cities, notably Tokyo with 11.5 million people, are badly congested; the air is fouled by pollution in major industrial centres; land costs are exorbi- tant and wage demands, fuell- ed by inflation and rising ex- pectations, are soaring. All this has heightened Japanese interest in foreign investment, particularly in re- source-rich countries like Canada Initial manufacturing proc- esses often are high in energy consumption and waste emis- major worries in Japan. The Japanese say it makes sense to build more plants abroad and bring materials back in a cleaner semi-proc- essed form to feed the coun- EDUCATION IS EVERYONE'S BUSINESS! TRUSTEES ELECTED TO SERVE SHOULD BE RESPONSIBLE AND RESPONSIVE DOROTHY BECKEL DR. G. BOWIE DOUG CARD CARL JOHNSON MAKE SURE THOSE YOU ELECT MEET THESE STANDARDS HELEN JOHNSON DR. D. MACPHERSON MORLEY McGILL SURE TO MARK X FOR THESE C.G.A. CANDIDATES Nominated at a Public Citizens Meeting. Inserted by the Civic Government Association. IS THE CHURCH OF CHRIST JUST ANOTHER DENOMINATION? Find Out For Yourself At A Series Of Spiritually Uplifting GOSPEL MEETINGS OCT. 7-13 CHURCH OF CHRIST Corner of 21st Avenue and 28th Street South LETHBRIDGE. ALBERTA p.m. MONDAY through SATURDAY 10 a.m and 6 p.m. SUNDAY GUEST SPEAKER KENNETH STERLING ofCaldwell.ldiho YOUR QUESTIONS AND COMMENTS WILL BE WELCOMED No Collections. No Pressure or Embarrassment of anyone COME and ENJOY the FEAST of GOOD THINGS WHAT TO EXPECT WHEN YOU VISIT US Many peopie hesitate to visit a church unless they know what it will be like when they go. Perhaps we can help you know what to expect when you visit us. OUR WORSHIP TO 60D IS SIMPLE AND ORDERLY The worship we offer to God simple and orderly. You will not find a cold ritualism nor a confusing, disorderly service. We try to worship exactly like the Bible teaches and as people did m the time of the apostles. Our pur- pose is to "worship God in spirit and in truth (John 4 24) PLAIN BIBLE TEACHING The purpose of each sermon shall be to teach the Bible. You will be able to sit quietly and follow m your own Bible as the lesson is presented We believe that the scriptures are sufficient for all teaching and therefore we do not appeal to human creeds (11 Timothy 3 16, 17) NO EMBARRASSING APPROACH There wall be no one corning to your seat to talk to you to persuade you in any way. You may relax and have no fear of being embarrassed at any time. There will be no demonstrations of emotionalism so as to cause a disorderly service CONCERNING THE COLLECTION The only collection wHl be on Sunday morning and this will be a voluntary offering of our members. (II Cor. 9.7) Visitors are not expected to give their money EVERYONE WELCOME We welcome you to our services regardless of your religious beliefs We hope you will bring your Bible and study with us YOU WILL FIND A FRIENDLY SPIRIT We believe that friendliness is a natural attitude among people who truly love God Our visitors, who always receive a warm welcome, appreciate the friendliness of these Christians We truly hope you will accept our invitation to visit us soon it will be our pleasure to have you INVESTIGATE THE CHURCH OF CHRIST try's vast industrial network. CANADA LIKELY SITE "Partly because of this, Japanese investment in Can- ada should grow rapidly in the next the finance of- ficial said. Japanese investors spent million in Canada during 1973, about three per cent of an over-all billion invested abroad during the year. The official, who asked not to be named, speculated that about 10 per cent of all Japa- nese capital invested outside. may be coming to Canada by 1984. "The signs point that way." The prospect fits well with the long-emphasized Canadian goal of processing more raw materials before they are shipped abroad. This would mean more Canadian jobs. Japan bought billion in Canadian goods in 1973, nearly all raw or unfinished materials More than 70 per cent of the billion Canada bought in return was in fin- ished goods from assembly lines employing Japanese workers. Government spokesmen here say they understand Canada's desire to turn the situation around and create more manufacturing jobs in Canada but that the pattern can't be changed overnight. PROCEDURE SLOW "It will take said Kumhiko Saite, a North American affairs specialist with the Japanese foreign ministry. Growing Japanese in- vestment in Canada will con- tribute to a rising volume of finished Canadian export products, he said. But nego- tiations to build plants abroad are invariably slowed down by government red tape. Saito and other officials mentioned obstacles such as Canadian foreign investment review legislation and the lin- gering resources dispute be- tween Ottawa and the prov- inces. They were echoing the offi- cial government view, par- ticularly on the Foreign In- vestment Review Act. But the finance ministry spokesman said the legisla- tion has caused little actual concern, even though it ap- pears to raise investment ob- stacles. A key reason is the high level of United States in- vestment in Canada, he said. It was so extensive that Can- ada probably would want off- setting investment from other countries in the future. OPENS WAY TO JAPAN "That puts Japan in a good position because our in- vestment in Canada is low." The spokesman said he ex- pects Canada to deal with for- eign investment problems by diversification, not by turning foreign capital away at the border. He said Japan takes a cautious official position on the Canadian foreign-in- vestment legislation because subscribes to a free-in- vestment agreement drafted by the international Organ- ization of Economic Co-oper- ation and Development. Canada is a member of the Paris-based organization but has not signed the treaty. "We can't say your legisla- tion is good, not the spokesman said. "But I think it's a wise move. You're a large country with many natural resources. It's only logical that you want to control development. "Every (developing) coun- try should have an agency to measure the merits and demerits of foreign in- vestment." Until outstanding policy questions are settled, Japan hopes Canada will avoid any temptation to impose export restrictions that might reduce available resource supplies. WATCR TREND The Keidanren, the most powerful businessmen's or- ganization in Japan, says there is a trend, even in Can- ada, toward "resource nation- alism" that threatens the Japanese economy. With a population of 110 million and a land mass smaller than most Canadian provinces, Japan depends al- most entirely on the outside world for its raw materials. "Almost everyone, from Prime Minister Kakuei Tan- aka down, wants international co-operation to solve world economic problems. "We need international eco- nomic co-operation more than ever before." -15O 14O Japan's Consumer Price Index Highest in world The Japanese consumer price index jumped 23 per cent in 1973, the highest in the industrialized world. This rate of inflation continued into index jumped 23 per cent between June, 1973, and June, 1974. As a result, especially to suffer incredibly high prices for food and housing, and even Japanese cars are beyond the reach of many Japanese workers. Interest in Canada growing., but knowledge still limited By DAVE, BLAIKIE Last of six TOKYO (CP) The Japa- nese, particularly young people, have'a growing interest in Canada. But like the average, Canadian's knowledge of Japan, the general Japanese impression of Canada tends to be simplistic. Many Japanese think of Canada as a vast country with few people, limitless resources, large forests, open spaces and lakes. They are surprised to learn that most Canadians live in bustling urban centres. Cold, harsh weather fre- quently is associated with Canada and the Japanese are aware of the Eskimos, who, historians believe, emigrated from Japan about years ago. The Japanese media deals spottily with Canada. Canadian news events take their place with other world developments in competing for newspaper space or spots in daily radio and television newscasts. Most Canadian news focuses on politics or economic matters. The last major Canadian news story in Japan, before the September visit to Canada by Prime Minister Kakuei Tanaka, was the July federal election. In most cases, it didn't rate front-page coverage and was relegated to foreign news pages. TRUDEAU BEST-KNOWN The best-known Canadian, not unexpectedly, is Prime Minister Trudeau. "Mr. Trudeau is quite well said Leo Ryoichi, a senior foreign editor with Mainichi Newspapers, the second-largest chain in Ja- pan. "He's generally liked for his youth and energy, his in- formality." Population Canada Japan sq sq mi mi Ryoichi said Trudeau's 1971 marriage ended his status as an international playboy but did not lessen his appeal to the Japanese. Since then, Margaret Trudeau has caught some attention in the Japanese media. Canadian news photos, when carried, are apt to show the Trudeaus skiing or swim- ming. There are no full-time Japa- nese newspaper or television correspondents in Canada and no Canadian reporters are 'assigned full-time to Japan. "General knowledge is still quite limited. But I think it will improve as time goes on." QUALITY DENTURE CLINIC EDDY DIETRICH CjrtiMd PmUl Mechanic 303-5th Street So. MetoaH Building PHONE 328-7684 FARM IMPLEMENT DEALER IN MILK RIVER Requires The services of a competent accountant. Minimum experience: 3 years in a C.A. office, or 5 years in other accounting functions. Applicants are requested to send application to BOX 43, Lethbridge Herald, stating ex- perience, age, training and salary expected. HEY KIDS! ENTER THE FIRE PREVENTION Centre Village POSTER CONTEST sponsored by Centre Village IN PRIZES 1st: S25; 2nd: '15; 3rd: in4agacatagorias ids 5 and and and and 12 Sparky sijs i OCTOBER 6-12 is FIRE PREVENTION WEEK Bring your poster into the Centre Village Administrative office from October 6th to 11th. Posters will be judged by the Chinook Pensioners and Senior Citizens Postars mwl to reahrad by Friday. Oct. 11 9 p.m. Centre Village 2nd Ave. 'A' and 13th Street North "The Mall that has it AH"