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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 12, 1972, Lethbridge, Alberta Oclobor 12, 1972 THE ISTHBRIDCE HERAID Changes in power setup planned by B.C. govt VICTORIA (CP) Manage- ment and financing of the pro- British Colum- bia Hydro and Power Authority will bo reorganized and Dr. Gordon Slirum, Hydro chair- man, vail retire at the end of December, Resources Minister Bob Williams announced here, day. changes in power policy being initialed by (he New Democratic Party government elected Aug. 30 could result in new funds lie ing made avail- able lor public projects. The rate of interest Hydro pays on development money borrowed from federal and pro- vincial pension funds will be in- creased by one per cent to pul it at par with that on the open market. The extra revenue of at least million so gener- ated could be used for schoo" and hospital construction._____ University requests more money CALGARY (CP) Even (hough enrolment dropped this year, the Umiversity of Cal- gary has asked the provincial government for an increased operating grant in 1973-74. Tiic board of governors has requested up from in (be 1972-73 year. University president Dr. A. W. R. Carrolhers and board chairman Carl Nickle said the university cannot maintain its academic standards if next year's budget is based solely on enrolment predictions. Enrolment dropped to full-time students this year from in 1971-72 and this would influence the predictions Jor next year. Dr. Can-others told govern ors the university will contin ue to press for the three-year revolving budget it first sug gested in 1969. Under the plan, the govern ment would make a definiU financial commitment for tw years and project a probabl grant' for the third. The pro jeclion would be updated an nuallv. To make up for the higher in- erest rates, Hydro will in- crease its user rates to Indus- rial customers. The end result will lie that Ihe price of power vill be "an honest cost, soinc- hing it hasn't been in the Mr. Williams said. The resources minister said Dr. Shrum, 76, will retire as chairman of Hydro and of the B.C. Energy Board, which will Ije disbanded. The 10-man Hydro board, including two for- mer Social Credit cabinet min- isters, will be replaced by a four-man board comprising Mr. Williams, Municipal Alfairs Minister James Lorimer and two others. Mr. Williams also announced that Hydro will not become in- volved in nuclear power in the near future. This reflects the view of Premier Dave Barrett who has said he has "certain ban g-ups" concerning the safely of nuclear power. PROPOSAL REJECTED Mr. Williams, rejecting a re- cent recommendation of the energy board that a nuclear ower plant be built on Van- ouver Island, said he believes onventional methods of power evelopmcnt should be fully itilized until nuclear technology las been more fully developed. The minister said the new for Hydro's Industrial customers have not yet been vorked out. lie added that an ncrease to domestic consumers s "not imminent" but did not rule it out in the future. Commenting on Mr. Wil- liams's statement, Dr. Slu-um said the utility could borrow capital in the United States at interest rates close to those now charged for money re- ceived from various B.C. gov- ernment sources. Dr. Shrum had no comraen on the NDH opposition to nu clear power, of which lie has been a proponent. Asked whether lie liad re signed or had been asked t leave the utility, Dr. Shrum re- "I discussed my position wit lim (Williams) and we came I friendly and cordial under standing." He said he was considering "long-staiiuiiig offer to gi' some lectures at a university. Joe's Mobile Homes Ltd. Located at 1st Avenue and 32nd Street South (Highway 3 East to Taber) Phone 328-0166 or 328-0181 STARTS TODAY OCT. 12th 8 A.M. SHARP! ALL UNITS DR. S11KUAI to retire Alberta groups receive grants OTTAWA (CP) Grants worth Jor 1972-73 ac- tivities of 13 arts organizations were announced today by the Canada Council. They included: Manitoba Theatre Centre, Winnipeg Art Gallery, Winnipeg Symphony Orchestra, Edmonton Symphony Orchestra, Edmonton Opera Association, Theatre Calgary, IT PAYS TO LEASE! Leasing frees your working capital. Leasing provides reliable transportation at low cost. You fusl sign a conlracl and pay ONE regular monthly fee. Your lease can include licence and in- surance coverage. Contact BORIS KORESHENKOV, Leasing and Insurance Dfipt. BENY AUTOMOTIVE ENTERPRISES LTD. 2nd AVE., 9th ST. S. PHONE 328-1101 Laird hits back WASHINGTON (AP) De- fence Secretary Melvin R. Laird accused Senator George McGovern Wednesday of advo- cating 'unconditional surren- der" in Vietnam. Laird struck hack at the Democratic presidential candi- date who Tuesday night out- lined his program, for ending the Vietnam war, including sus- pension of United States bomb- ing, other military action and aid to South Vietnam. "Senator McGovern would undermine our Vietnamization Laird said at a news conference. He would abandon negolia- tion in favor of a pure give- away program with guarantees for absolutely nothing." At one point, Laird said McGovern was "very deceitful' in what the defence secretary said was a distortion of a state- mcnt Laird had made to Con- gress. McGovern had quoted Laird as recently admitting to a con- gressional committee "that the fighting could continue far into the future under present pol- icy." Laird said it is up to North Vietnam to decide how much longer the fighting will contin- ue. "JOE" TARNAVA PRESIDENT BILL ROMANCHUK SALES REPRESENTATIVE SAVE THOUSANDS OF DOLLARS! CLEARED TO MAKE ROOM FOR MORE NEW UNITS ON THE WAY EN TO US! Come In and See JOE or BILL for this Season's BEST BUYS in MOBILE HOMES! GOING AT We Are y pleased Introduce To BIG DISCOUNTS! KNIGHT SCHMIDT INDUSTRIES NEWEST GO AHEAD! BUYCANADA SAVINGS BONDS SI ART SOMETHING GOOD TODAY oil new luxuriout Kniahl Schmidt double cf iquara feet fealures. 3 bedrooms Both and 3i balh Wall-to-wall carpets throughout Utility room Cedar iMing Family room patio rfoorf And mony, many more excluiiva featurej. Truly a home fit for a king Grocioui living wherever you g( MOBILE HOMES DOUBLE WIDE and 14-FOOT SINGLE WIDE UNITS ALSO SEE THE NOR' WESTERN UNITS IN SINGLE 12 FOOT AND 14 FOOT WIDE You gel a match housing with any of the Nor' Western "Memory Makers" Compare (he values offered to ony ofher mobile home CMHTTA ExceHenco Aword CSA approved Choice of 3 aluminum exterior colon Heovy-duty frome Fibreglas insulated Ventilated roof lyitcm Brand name Cenlral-heoling furnace Many, many other fealurei HERE'S 4 REASONS WHY YOU SHOULD BUY AT JOE'S MOBILE HOMES 1. Quality AH UNITS CARRY CSA APPROVAl 2. Long Term Financing TAKE UP TO 16 YEARS TO PAY 3. Low Rate Terms 4. We Guarantee Service and Satisfaction after Purchase! 7.30% AVERAGE ANNUAL INTEREST TO MATURITY Remember! You ALWAYS BUY for LESS at JOE'S MOBILE HOMES Located at: 1st Avenue and 32nd Street South on Highway 3 East to Taber Phone 328-0166 or 328-0181 Days-After Hours Phone 327-4006 or 327-4216 ;